A potent PR move, if nothing else.
But there is any specific reasons of why they are "transmitting money" in the document? Can't read it all now.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33038. (Read 26497479 times)
June 23, 2013, 12:28:00 PM
June 23, 2013, 12:27:44 PM
Litecoin's alltime high versus Bitcoin of 0.0449 translates into a valuation of 17.96% of BTC market cap, equating Bitcoin's and Litecoin's eventual 21 million and 84 million supplies.
To reach this high again and maintain it, the market would have to believe that Litecoin will surpass/replace Bitcoin, because even if you grant Litecoin the function of a "backup" or "silver" complement, its valuation would be far lower. Do you really want to place your bets on that?
It's simple, all the scamcoins burn out in an eventual peak that they will never again surpass. They are actual bubbles.
Bring it, though. Pump and dump it HARD. The other scamcoins are already standing in line, they too want a piece of the action: https://support.mtgox.com/forums/20514198-Featured-Requests
Seems Blightcoins are valued at 11.64% of Bitcoin right now. Good luck to anyone holding that bag once the hype subsides.
To reach this high again and maintain it, the market would have to believe that Litecoin will surpass/replace Bitcoin, because even if you grant Litecoin the function of a "backup" or "silver" complement, its valuation would be far lower. Do you really want to place your bets on that?
It's simple, all the scamcoins burn out in an eventual peak that they will never again surpass. They are actual bubbles.
Bring it, though. Pump and dump it HARD. The other scamcoins are already standing in line, they too want a piece of the action: https://support.mtgox.com/forums/20514198-Featured-Requests
Seems Blightcoins are valued at 11.64% of Bitcoin right now. Good luck to anyone holding that bag once the hype subsides.
Petty much agree, bought LTC at roughly 0.0025 and planning to dump 90% of my remaining holdings at aprox. 0.03 or higher, which I guess will happen after Gox announces official ETA.
Already cashed out a big chunk between 0.019 and 0.025, as I said earlier I will just keep a few hundreds of LTC to dump them on Gox regardless of the price, only for the lulz honestly as I expect the best time to dump will be shortly before LTC hits Gox.
Why before it hits Gox?
Because normally all the pump&dump scam coins raise before they hit the exchanges, to fall hard as soon as they hit it. I guess everybody buys on the news this or that scam coin will hit an exchange (normally BTC-e), and then everybody immediately dumps it, as all the "investors" are only after the quick buck...
It *may* be different for LTC and Gox, as this exchange has a huge user base that might never use the their exchanges where LTC is traded, and LTC community is orders of magnitude bigger compared to the other coins, but I'm not going to take that risk with the majority of my holdings... Just with a tiny fraction that I will hold for the lulz. I'm assuming people will buy like crazy when there will be an official ETA to Gox, and in my book that's the best time to sell, when everybody is buying enthusiastically and bullishly.
Yeah that makes sense. Although many people won't be buying before it hits Gox. So as soon as it hits it my guess is there will be panic buying that will double the price.
We'll see.
Rampion may be correct to sell shortly before LTC hits Gox (sell on the news). But, there are going to be a lot of people who will want LTC that don't currently have them. S3052 may very well be right in that the price will jump to $4-$6 per LTC. I picked up some today (even though I was initially against it), it is a gamble as I think BTC is going down from here, but hopefully LTC goes up enough to overcome that.
I think it will get there even before hitting Gox. And to 10 dollars (for a very short time) once on Gox.
June 23, 2013, 12:21:57 PM
Litecoin's alltime high versus Bitcoin of 0.0449 translates into a valuation of 17.96% of BTC market cap, equating Bitcoin's and Litecoin's eventual 21 million and 84 million supplies.
To reach this high again and maintain it, the market would have to believe that Litecoin will surpass/replace Bitcoin, because even if you grant Litecoin the function of a "backup" or "silver" complement, its valuation would be far lower. Do you really want to place your bets on that?
It's simple, all the scamcoins burn out in an eventual peak that they will never again surpass. They are actual bubbles.
Bring it, though. Pump and dump it HARD. The other scamcoins are already standing in line, they too want a piece of the action: https://support.mtgox.com/forums/20514198-Featured-Requests
Seems Blightcoins are valued at 11.64% of Bitcoin right now. Good luck to anyone holding that bag once the hype subsides.
To reach this high again and maintain it, the market would have to believe that Litecoin will surpass/replace Bitcoin, because even if you grant Litecoin the function of a "backup" or "silver" complement, its valuation would be far lower. Do you really want to place your bets on that?
It's simple, all the scamcoins burn out in an eventual peak that they will never again surpass. They are actual bubbles.
Bring it, though. Pump and dump it HARD. The other scamcoins are already standing in line, they too want a piece of the action: https://support.mtgox.com/forums/20514198-Featured-Requests
Seems Blightcoins are valued at 11.64% of Bitcoin right now. Good luck to anyone holding that bag once the hype subsides.
Petty much agree, bought LTC at roughly 0.0025 and planning to dump 90% of my remaining holdings at aprox. 0.03 or higher, which I guess will happen after Gox announces official ETA.
Already cashed out a big chunk between 0.019 and 0.025, as I said earlier I will just keep a few hundreds of LTC to dump them on Gox regardless of the price, only for the lulz honestly as I expect the best time to dump will be shortly before LTC hits Gox.
Why before it hits Gox?
Because normally all the pump&dump scam coins raise before they hit the exchanges, to fall hard as soon as they hit it. I guess everybody buys on the news this or that scam coin will hit an exchange (normally BTC-e), and then everybody immediately dumps it, as all the "investors" are only after the quick buck...
It *may* be different for LTC and Gox, as this exchange has a huge user base that might never use the their exchanges where LTC is traded, and LTC community is orders of magnitude bigger compared to the other coins, but I'm not going to take that risk with the majority of my holdings... Just with a tiny fraction that I will hold for the lulz. I'm assuming people will buy like crazy when there will be an official ETA to Gox, and in my book that's the best time to sell, when everybody is buying enthusiastically and bullishly.
Yeah that makes sense. Although many people won't be buying before it hits Gox. So as soon as it hits it my guess is there will be panic buying that will double the price.
We'll see.
Rampion may be correct to sell shortly before LTC hits Gox (sell on the news). But, there are going to be a lot of people who will want LTC that don't currently have them. S3052 may very well be right in that the price will jump to $4-$6 per LTC. I picked up some today (even though I was initially against it), it is a gamble as I think BTC is going down from here, but hopefully LTC goes up enough to overcome that.
June 23, 2013, 12:18:36 PM
Litecoin's alltime high versus Bitcoin of 0.0449 translates into a valuation of 17.96% of BTC market cap, equating Bitcoin's and Litecoin's eventual 21 million and 84 million supplies.
To reach this high again and maintain it, the market would have to believe that Litecoin will surpass/replace Bitcoin, because even if you grant Litecoin the function of a "backup" or "silver" complement, its valuation would be far lower. Do you really want to place your bets on that?
It's simple, all the scamcoins burn out in an eventual peak that they will never again surpass. They are actual bubbles.
Bring it, though. Pump and dump it HARD. The other scamcoins are already standing in line, they too want a piece of the action: https://support.mtgox.com/forums/20514198-Featured-Requests
Seems Blightcoins are valued at 11.64% of Bitcoin right now. Good luck to anyone holding that bag once the hype subsides.
To reach this high again and maintain it, the market would have to believe that Litecoin will surpass/replace Bitcoin, because even if you grant Litecoin the function of a "backup" or "silver" complement, its valuation would be far lower. Do you really want to place your bets on that?
It's simple, all the scamcoins burn out in an eventual peak that they will never again surpass. They are actual bubbles.
Bring it, though. Pump and dump it HARD. The other scamcoins are already standing in line, they too want a piece of the action: https://support.mtgox.com/forums/20514198-Featured-Requests
Seems Blightcoins are valued at 11.64% of Bitcoin right now. Good luck to anyone holding that bag once the hype subsides.
Petty much agree, bought LTC at roughly 0.0025 and planning to dump 90% of my remaining holdings at aprox. 0.03 or higher, which I guess will happen after Gox announces official ETA.
Already cashed out a big chunk between 0.019 and 0.025, as I said earlier I will just keep a few hundreds of LTC to dump them on Gox regardless of the price, only for the lulz honestly as I expect the best time to dump will be shortly before LTC hits Gox.
Why before it hits Gox?
Because normally all the pump&dump scam coins raise before they hit the exchanges, to fall hard as soon as they hit it. I guess everybody buys on the news this or that scam coin will hit an exchange (normally BTC-e), and then everybody immediately dumps it, as all the "investors" are only after the quick buck...
It *may* be different for LTC and Gox, as this exchange has a huge user base that might never use the their exchanges where LTC is traded, and LTC community is orders of magnitude bigger compared to the other coins, but I'm not going to take that risk with the majority of my holdings... Just with a tiny fraction that I will hold for the lulz. I'm assuming people will buy like crazy when there will be an official ETA to Gox, and in my book that's the best time to sell, when everybody is buying enthusiastically and bullishly.
Yeah that makes sense. Although many people won't be buying before it hits Gox. So as soon as it hits it my guess is there will be panic buying that will double the price.
We'll see.
June 23, 2013, 12:10:25 PM
LOL, now the Bitcoin Foundation is a money transmiter bussines? Cease an desist order here -> http://www.scribd.com/fullscreen/149335233?access_key=key-2lnhtenm4qb1mydngxac&allow_share=false&show_recommendations=false
What a joke, i wonder how they got that misleading info.
What a joke, i wonder how they got that misleading info.
can someone explain why they should be a money transmitter?
Because they have created an org that is a central point of contact for money transmission businesses. Remember that whole "centralization is evil" thing? Well they did it anyway.
The central point of contact? Pretty absurdly abstract reason to label them as a MSB
A potent PR move, if nothing else.
But there is any specific reasons of why they are "transmitting money" in the document? Can't read it all now.
June 23, 2013, 12:09:18 PM
Litecoin's alltime high versus Bitcoin of 0.0449 translates into a valuation of 17.96% of BTC market cap, equating Bitcoin's and Litecoin's eventual 21 million and 84 million supplies.
To reach this high again and maintain it, the market would have to believe that Litecoin will surpass/replace Bitcoin, because even if you grant Litecoin the function of a "backup" or "silver" complement, its valuation would be far lower. Do you really want to place your bets on that?
It's simple, all the scamcoins burn out in an eventual peak that they will never again surpass. They are actual bubbles.
Bring it, though. Pump and dump it HARD. The other scamcoins are already standing in line, they too want a piece of the action: https://support.mtgox.com/forums/20514198-Featured-Requests
Seems Blightcoins are valued at 11.64% of Bitcoin right now. Good luck to anyone holding that bag once the hype subsides.
To reach this high again and maintain it, the market would have to believe that Litecoin will surpass/replace Bitcoin, because even if you grant Litecoin the function of a "backup" or "silver" complement, its valuation would be far lower. Do you really want to place your bets on that?
It's simple, all the scamcoins burn out in an eventual peak that they will never again surpass. They are actual bubbles.
Bring it, though. Pump and dump it HARD. The other scamcoins are already standing in line, they too want a piece of the action: https://support.mtgox.com/forums/20514198-Featured-Requests
Seems Blightcoins are valued at 11.64% of Bitcoin right now. Good luck to anyone holding that bag once the hype subsides.
Petty much agree, bought LTC at roughly 0.0025 and planning to dump 90% of my remaining holdings at aprox. 0.03 or higher, which I guess will happen after Gox announces official ETA.
Already cashed out a big chunk between 0.019 and 0.025, as I said earlier I will just keep a few hundreds of LTC to dump them on Gox regardless of the price, only for the lulz honestly as I expect the best time to dump will be shortly before LTC hits Gox.
Why before it hits Gox?
Because normally all the pump&dump scam coins raise before they hit the exchanges, to fall hard as soon as they hit it. I guess everybody buys on the news this or that scam coin will hit an exchange (normally BTC-e), and then everybody immediately dumps it, as all the "investors" are only after the quick buck...
It *may* be different for LTC and Gox, as this exchange has a huge user base that might never use the their exchanges where LTC is traded, and LTC community is orders of magnitude bigger compared to the other coins, but I'm not going to take that risk with the majority of my holdings... Just with a tiny fraction that I will hold for the lulz. I'm assuming people will buy like crazy when there will be an official ETA to Gox, and in my book that's the best time to sell, when everybody is buying enthusiastically and bullishly.
June 23, 2013, 12:06:06 PM
Fun to lick all these state asses (except of Matonis) and as a payback receive a pile of shitload on your face...
+1 June 23, 2013, 12:05:13 PM
LOL, now the Bitcoin Foundation is a money transmiter bussines? Cease an desist order here -> http://www.scribd.com/fullscreen/149335233?access_key=key-2lnhtenm4qb1mydngxac&allow_share=false&show_recommendations=false
What a joke, i wonder how they got that misleading info.
What a joke, i wonder how they got that misleading info.
can someone explain why they should be a money transmitter?
Because they have created an org that is a central point of contact for money transmission businesses. Remember that whole "centralization is evil" thing? Well they did it anyway.
The central point of contact? Pretty absurdly abstract reason to label them as a MSB
A potent PR move, if nothing else.
June 23, 2013, 12:04:20 PM
Fun to lick all these state asses (except of Matonis) and as a payback receive a pile of shitload on your face...
June 23, 2013, 12:02:43 PM
LOL, now the Bitcoin Foundation is a money transmiter bussines? Cease an desist order here -> http://www.scribd.com/fullscreen/149335233?access_key=key-2lnhtenm4qb1mydngxac&allow_share=false&show_recommendations=false
What a joke, i wonder how they got that misleading info.
What a joke, i wonder how they got that misleading info.
can someone explain why they should be a money transmitter?
Because they have created an org that is a central point of contact for money transmission businesses. Remember that whole "centralization is evil" thing? Well they did it anyway.
The central point of contact? Pretty absurdly abstract reason to label them as a MSB
June 23, 2013, 12:02:27 PM
Double digits are calling. 
June 23, 2013, 12:01:25 PM
LOL, now the Bitcoin Foundation is a money transmiter bussines? Cease an desist order here -> http://www.scribd.com/fullscreen/149335233?access_key=key-2lnhtenm4qb1mydngxac&allow_share=false&show_recommendations=false
What a joke, i wonder how they got that misleading info.
What a joke, i wonder how they got that misleading info.
can someone explain why they should be a money transmitter?
Because they got an Avalon batch #1, thus they are mining?
No joke, this is the only activity they "do" that could make them a MSB following the twisted FinCEN regulation, but that reason is so retarded (obviously mining is not THE BF business) that I cannot believe it.
June 23, 2013, 12:00:34 PM
LOL, now the Bitcoin Foundation is a money transmiter bussines? Cease an desist order here -> http://www.scribd.com/fullscreen/149335233?access_key=key-2lnhtenm4qb1mydngxac&allow_share=false&show_recommendations=false
What a joke, i wonder how they got that misleading info.
What a joke, i wonder how they got that misleading info.
can someone explain why they should be a money transmitter?
I would guess it's this bit - "engage as a business in facilitating the transfer of money domestically or internationally outside of the conventional financial institutions system"
June 23, 2013, 12:00:34 PM
June 23, 2013, 11:59:08 AM
can someone explain why they should be a money transmitter?
Because they have created an org that is a central point of contact for money transmission businesses. Remember that whole "centralization is evil" thing? Well they did it anyway.
^^^ truth.
June 23, 2013, 11:58:26 AM
LOL, now the Bitcoin Foundation is a money transmiter bussines? Cease an desist order here -> http://www.scribd.com/fullscreen/149335233?access_key=key-2lnhtenm4qb1mydngxac&allow_share=false&show_recommendations=false
What a joke, i wonder how they got that misleading info.
What a joke, i wonder how they got that misleading info.
can someone explain why they should be a money transmitter?
Because they have created an org that is a central point of contact for money transmission businesses. Remember that whole "centralization is evil" thing? Well they did it anyway.
Well if they disappear nothing happens to bitcoin.
Still a pretty crafty piece of work in regards to creating FUD.
June 23, 2013, 11:56:36 AM
LOL, now the Bitcoin Foundation is a money transmiter bussines? Cease an desist order here -> http://www.scribd.com/fullscreen/149335233?access_key=key-2lnhtenm4qb1mydngxac&allow_share=false&show_recommendations=false
What a joke, i wonder how they got that misleading info.
What a joke, i wonder how they got that misleading info.
can someone explain why they should be a money transmitter?
Because they have created an org that is a central point of contact for money transmission businesses. Remember that whole "centralization is evil" thing? Well they did it anyway.
thanks. got it
June 23, 2013, 11:56:08 AM
LOL, now the Bitcoin Foundation is a money transmiter bussines? Cease an desist order here -> http://www.scribd.com/fullscreen/149335233?access_key=key-2lnhtenm4qb1mydngxac&allow_share=false&show_recommendations=false
What a joke, i wonder how they got that misleading info.
What a joke, i wonder how they got that misleading info.
can someone explain why they should be a money transmitter?
Because they have created an org that is a central point of contact for money transmission businesses. Remember that whole "centralization is evil" thing? Well they did it anyway.
Well if they disappear nothing happens to bitcoin.
June 23, 2013, 11:52:45 AM
LOL, now the Bitcoin Foundation is a money transmiter bussines? Cease an desist order here -> http://www.scribd.com/fullscreen/149335233?access_key=key-2lnhtenm4qb1mydngxac&allow_share=false&show_recommendations=false
What a joke, i wonder how they got that misleading info.
What a joke, i wonder how they got that misleading info.
can someone explain why they should be a money transmitter?
Because they have created an org that is a central point of contact for money transmission businesses. Remember that whole "centralization is evil" thing? Well they did it anyway.
June 23, 2013, 11:47:12 AM
And now 200BTC 2USD slippage pump back to prepare support at 108 again 
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