Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33198. (Read 26712326 times)
June 26, 2013, 06:00:24 AM
June 26, 2013, 05:44:24 AM
Will you have the guts to do the right thing when the pressure is on? If yes, I applaud and honor you. If not, here are a few cheap excuses to use (after all, who wants to admit conditioning or cowardice):
Without the rule of law, everything would fall apart.
Without regulation, criminals would destroy everything.
Yes, regulation is coercive, but along with it comes a certain amount of public benefit!
I got ripped off, and someone has to fix it!
If I can’t sue someone, they can get away with ripping me off!
We can’t get people to use Bitcoin unless it’s authorized.
We need approval or we will forever remain a tiny market.
A significant number of Bitcoin people will say these things (and others), but the real truth will be that they are scared, or are still hoping to get mega-rich, or just can’t rip the “government is our friend” meme out of their heads. But mostly it will be fear.
We all feel fear of course, but some of us are determined enough to do the right thing, even when we’re afraid.
So, here’s a final tip: If you run into someone who can feel the fear and still do the right thing, don’t let go of them.
Without the rule of law, everything would fall apart.
Without regulation, criminals would destroy everything.
Yes, regulation is coercive, but along with it comes a certain amount of public benefit!
I got ripped off, and someone has to fix it!
If I can’t sue someone, they can get away with ripping me off!
We can’t get people to use Bitcoin unless it’s authorized.
We need approval or we will forever remain a tiny market.
A significant number of Bitcoin people will say these things (and others), but the real truth will be that they are scared, or are still hoping to get mega-rich, or just can’t rip the “government is our friend” meme out of their heads. But mostly it will be fear.
We all feel fear of course, but some of us are determined enough to do the right thing, even when we’re afraid.
So, here’s a final tip: If you run into someone who can feel the fear and still do the right thing, don’t let go of them.
you stole that from an old radical: http://www.dgcmagazine.com/the-old-radical-how-bitcoin-is-being-destroyed/
good catch molecular ... and a good read.
Great find on Greenspan ...
Quote
Alan Greenspan may have done a lot of bad things, but he is not stupid. And before his adventures at the Fed, he wrote this:
"(Under a fiat system), there is no way to protect savings from confiscation through inflation… If there were, the government would have to make its holding illegal, as was done in the case of gold"
WOW !
interesting times.
June 26, 2013, 05:13:53 AM
Is anybody else seeing a big dump approaching?
Funny you should say that. Things have been "odd" for a few days now. That huge volume for a few minutes yesterday added to the strangeness.
The dumps are larger than the buys - consistently so. No, Bitcoin Barometer is showing the sells outnumbering the buys (things have changed over the last 3 days).
The candlestick so far made today is showing more indecision after yesterdays "manipulated" indecision one. I just get the feeling that some bigger sells are going
to push us through 100 and once we hit mid 90's or so, the sell orders will flood in taking us to 80 ish. From there perhaps we bounce up but then head back down.
Overall, what I am seeing judging by the sizes of the buys is that small time guys are still buying quite regularly, but those dumps of 50-100 coins are making quick smackdowns.
It is like there are big players selling into the small ones.
Of course, the manipulation can be heavy, so the above is from watching "the tape"...
June 26, 2013, 05:08:53 AM
A word to the wise:
http://www.forbes.com/sites/irswatch/2013/06/25/reminder-fbar-filing-due-by-june-30/
FBAR reporting requirements are due for all folks in the US who have a foreign account that had a value over US$10K in 2012 with the IRS.
Penalty for non-reporting can be as much as 50% of the value of the account per year (not profit) though are much lower for provably innocent mistakes.
To reiterate, it doesn't matter if you cashed out anything or took any profit or just held it all in BTC, it is the value of the account and it being in a foreign nation that triggers the report requirement.
Call your tax attorney to understand your situation, don't take my advice.
http://www.forbes.com/sites/irswatch/2013/06/25/reminder-fbar-filing-due-by-june-30/
FBAR reporting requirements are due for all folks in the US who have a foreign account that had a value over US$10K in 2012 with the IRS.
Penalty for non-reporting can be as much as 50% of the value of the account per year (not profit) though are much lower for provably innocent mistakes.
To reiterate, it doesn't matter if you cashed out anything or took any profit or just held it all in BTC, it is the value of the account and it being in a foreign nation that triggers the report requirement.
Call your tax attorney to understand your situation, don't take my advice.
I wonder which exchange should be used to determine such value. Like the one where you can't take dollars out or the ones that aren't based in US?
June 26, 2013, 05:01:49 AM
June 26, 2013, 04:57:57 AM
Any good android market watcher apps?
The last one I tried ran so hot and drained the battery in an hour. I think it must have been trying to mine on my phone! ...I just watch preev.com on my phone.
This is the one I use and I have not had any problems with it. You can set the frequency it updates which helps conserve battery. You can also set an alarm to notify you it the price has changed by x%.
https://play.google.com/store/apps/details?id=br.eti.fml.satoshi
June 26, 2013, 04:17:42 AM
June 26, 2013, 04:06:24 AM
Its coming
June 26, 2013, 04:00:46 AM
June 26, 2013, 03:57:33 AM
Is anybody else seeing a big dump approaching?
Do go on.. tell us more..
I see an artificial raise to $105 this morning, plus a scary depth for Gox standards:
BTC43.25k to $120, the same amount to $85.
BTC17k to $110, the same amount to $96
Then, we have a very important indicator:
I don't think we see $100 ever again.
The guy is always wrong, thus we will be going to double digits before seeing again $110 almost for sure.
June 26, 2013, 03:53:09 AM
Wait till it bottoms at $0
June 26, 2013, 03:46:17 AM
Is anybody else seeing a big dump approaching?
Do go on.. tell us more..
June 26, 2013, 03:41:16 AM
Is anybody else seeing a big dump approaching?
I think someone is constantly dumping but not on Gox. Spread across exchanges is high again and BitInstant walls are into dumping shape.
June 26, 2013, 03:28:22 AM
Is anybody else seeing a big dump approaching?
June 26, 2013, 03:14:49 AM
A word to the wise:
http://www.forbes.com/sites/irswatch/2013/06/25/reminder-fbar-filing-due-by-june-30/
FBAR reporting requirements are due for all folks in the US who have a foreign account that had a value over US$10K in 2012 with the IRS.
Penalty for non-reporting can be as much as 50% of the value of the account per year (not profit) though are much lower for provably innocent mistakes.
To reiterate, it doesn't matter if you cashed out anything or took any profit or just held it all in BTC, it is the value of the account and it being in a foreign nation that triggers the report requirement.
Call your tax attorney to understand your situation, don't take my advice.
http://www.forbes.com/sites/irswatch/2013/06/25/reminder-fbar-filing-due-by-june-30/
FBAR reporting requirements are due for all folks in the US who have a foreign account that had a value over US$10K in 2012 with the IRS.
Penalty for non-reporting can be as much as 50% of the value of the account per year (not profit) though are much lower for provably innocent mistakes.
To reiterate, it doesn't matter if you cashed out anything or took any profit or just held it all in BTC, it is the value of the account and it being in a foreign nation that triggers the report requirement.
Call your tax attorney to understand your situation, don't take my advice.
I wonder which exchange should be used to determine such value. Like the one where you can't take dollars out or the ones that aren't based in US?
June 26, 2013, 03:08:57 AM
I'm hoping for wireless charger tech to take over so everywhere we walk in cities/ towns we're juicing up wirelessly and never have to recharge our portables.
That would account for enough EM radiation to slow cook everyone's brain.
June 26, 2013, 03:00:41 AM
June 26, 2013, 02:25:10 AM
June 26, 2013, 02:16:18 AM
I'm off till next monday. Bids are placed down to 80, take profits up to 128. Bye.
June 26, 2013, 02:13:50 AM
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