Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32423. (Read 26725197 times)
October 31, 2013, 08:44:36 PM
The major news that could cause bitcoin to skyrocket, is if most US banks adopt the JPMorgan Chase policy of not allowing foreign bank wires for individual (non-business) accounts. Coinbase would have a field day, that's for sure.
October 31, 2013, 08:02:39 PM
October 31, 2013, 07:22:56 PM
Correct. Which, in itself, doesn't really mean anything. These buggers don't have a clue what's going on.
Agreed. Face-palm meme pictures on standby.
October 31, 2013, 07:16:03 PM
I'm still thinking the next major news to move the price will not be BTC news. Nothing has been fixed in the world economies and it's just a matter of time until yet another shoe drops.
Apparently homeland security is having a congressional hearing regarding crypto in November. That should make some waves
The senate's homeland security committee, not the DHS.
Correct. Which, in itself, doesn't really mean anything. These buggers don't have a clue what's going on.
The exciting thing is, these legislative and/or legal bodies are going to have to make some decisions about crypto in the near future. And the longer they take - and they take a long time doing everything - the larger the bitcoin eco-system is going to be. And the more deep pocket VCs that have poured money into this, the more legitimacy bitcoin gets - whether its the ETF or media related news - the more pressure there will be for government not to fuck with it.
So they can take their sweet ass time for all I care.
October 31, 2013, 07:11:49 PM
I'm still thinking the next major news to move the price will not be BTC news. Nothing has been fixed in the world economies and it's just a matter of time until yet another shoe drops.
Apparently homeland security is having a congressional hearing regarding crypto in November. That should make some waves
The senate's homeland security committee, not the DHS.
October 31, 2013, 07:07:45 PM
I'm still thinking the next major news to move the price will not be BTC news. Nothing has been fixed in the world economies and it's just a matter of time until yet another shoe drops.
Apparently homeland security is having a congressional hearing regarding crypto in November. That should make some waves
October 31, 2013, 07:02:31 PM
October 31, 2013, 06:50:37 PM
I'm still thinking the next major news to move the price will not be BTC news. Nothing has been fixed in the world economies and it's just a matter of time until yet another shoe drops.
October 31, 2013, 06:23:50 PM
Lawd almighty.. 4,800btc volume over 24hrs.
Sure everyone else is watching the rabbit in the room..
I'll bet Coinbase had more 24hr volume.
Sure everyone else is watching the rabbit in the room..
I'll bet Coinbase had more 24hr volume.
Meh, I've got an eye on Stamp and BTCChina, too... but have found they still don't lead as much as Gox. Especially Bitstamp.
October 31, 2013, 06:21:14 PM
no volume usually means sad Goxster doesn't it?
October 31, 2013, 06:20:08 PM
How do bulls feel if we don't break $216 here? Looking like a triple top, then, yes?
Would still feel quite bullish.. But I admit there might be a small dip before the recent positive press coverage starts affecting and new users drive the price up. But IMO it's too risky to sell at the moment even if there is a small dip.
October 31, 2013, 06:02:35 PM
October 31, 2013, 06:02:32 PM
Lawd almighty.. 4,800btc volume over 24hrs.
Sure everyone else is watching the rabbit in the room..
I'll bet Coinbase had more 24hr volume.
Sure everyone else is watching the rabbit in the room..
I'll bet Coinbase had more 24hr volume.
October 31, 2013, 05:53:43 PM
I think if we can't break through $216 on this run, we may find ourselves re-testing $204 support. 
I'd say 175 needs a retest.
October 31, 2013, 05:49:56 PM
I think if we can't break through $216 on this run, we may find ourselves re-testing $204 support.
October 31, 2013, 05:30:33 PM
A lot of USD users have funds stuck in Gox? Why? They have had ample time to buy BTC, move the BTC to another exchange and sell for a profit. The market is up over $100 in the last month. If they have $$ in Mtgox its because of a combination of greed and/or stupidity.
In my case it isn't greed or stupidity but not wanting to give mi ID to another exchange. Gox has my dox and I've been trading there for 2+ years without ever losing a bitcent, hack included. On top of that, I only store decent amounts of fiat there on mid-term bearish trends—the rest of the time I sleep with most coins under the pillow and I trade with a small quantity. Of course, for new money I buy at localbitcoins or bitcoin.com.es (spanish trader), which have sensibly better prices.
There you go. Fair enough. Although I suspect if you could start over youd probalby rather have your fiat on another exchange. One you could actually get out of in fiat if your wanted to. One with lower trading rates.
October 31, 2013, 05:29:12 PM
How do bulls feel if we don't break $216 here? Looking like a triple top, then, yes?
October 31, 2013, 05:26:13 PM
A lot of USD users have funds stuck in Gox? Why? They have had ample time to buy BTC, move the BTC to another exchange and sell for a profit. The market is up over $100 in the last month. If they have $$ in Mtgox its because of a combination of greed and/or stupidity.
In my case it isn't greed or stupidity but not wanting to give mi ID to another exchange. Gox has my dox and I've been trading there for 2+ years without ever losing a bitcent, hack included. On top of that, I only store decent amounts of fiat there on mid-term bearish trends—the rest of the time I sleep with most coins under the pillow and I trade with a small quantity. Of course, for new money I buy at localbitcoins or bitcoin.com.es (spanish trader), which have sensibly better prices.
October 31, 2013, 05:25:54 PM
Are you guys saying gox is risky because its going to die soon or simply because you cant get fiat out? I have fiat in but im buying btc when times right so withdraw is no concern. But if its about to topple then i might buy and transfer :/
October 31, 2013, 05:07:35 PM
O lawd how the mighty fall. Hilarious to watch.
Funny how people think of something that could potentially be nefarious for bitcoin as hilarious.
Mtgox losing market share is hardly nefarious. Its great.
You are not still holding funds on Mtgox are you? Please say no.
Outside of Japan, only the bravest day trader (not the brightest, because they aren't even trading with margin) would spend anytime on Mtgox. It is the most expensive exchange with the worst customer service and obviously the worst underlying banks behind it.
There is no justifyable reason to trade or buy there.
A lot of USD users have funds stuck in Gox, whether they like it or not. Not everyone is able to precisely time the market to get out with a minimal loss. Nor can whales justify selling at a big loss on bitstamp. If they were to go down, a lot of funds would go with them, and that would only confirm the dangerous nature of ANY bitcoin exchange to potential newcomers, scaring them off. So yes, I think it would be nefarious to bitcoin as a whole if the largest exchange were to go down. Maybe you should look at the bigger picture of all this.
I personally applaud Gox for sticking through all of this. Even though they are not transparent, I believe they have no choice in doing so. If they were to make an announcement detailing all of the bank problems/lawsuits they are tangled up in, it would most probably cause a market panic. I believe that behind the scenes, they are making strides to solve all of this. Remember, Bitstamp is in just as big of a danger to have their accounts closed at the whim of new regulation coming through in regards to bitcoin. From what I've read Gox is trying to obtain bank status, which could potentially solve all of their problems. Contrary to Bitstamp, which is operating in conjunction with a bank.
A lot of USD users have funds stuck in Gox? Why? They have had ample time to buy BTC, move the BTC to another exchange and sell for a profit. The market is up over $100 in the last month. If they have $$ in Mtgox its because of a combination of greed and/or stupidity.
Whales can't justify a big loss? A big loss of 5% (a loss that is actually off the top of their profits, not an actual loss)? Really? Come on. Again, only greed and or stupidity would make that true.
The exchange going down? Why would that happen? They are making profits every day. There are helluva lot of Japanese traders in Mtgox getting their money within 3-5 days. I've personally spoken to many of them.
As far as Bitstamp is concerned, I believe they have already stated that they have redundancy in their banking.
I see you guys saw my post in reddit
Upvote for more visibility http://www.reddit.com/r/Bitcoin/comments/1pn16k/the_tide_is_turning_3d_average_volume_1st/
Ya I stole it.
Thanks for posting it.
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