Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33203.

gandhibt

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Activity: 238

Merit: 100

Quote from: ShroomsKit on June 25, 2013, 04:49:16 AM

Quote from: Rampion on June 25, 2013, 02:07:33 AM

Quote from: molecular on June 25, 2013, 12:40:52 AM

Quote from: Voodah on June 25, 2013, 12:25:25 AM

Quote from: justusranvier on June 25, 2013, 12:17:12 AM

Has this already been posted in this thread?

http://www.reddit.com/r/Bitcoin/comments/1h0fmb/citibank_will_no_longer_process_any_transfers_to/

This is one heavy piece of information.

holy crap indeed. It smells funny though because they were even willing to give a reason... who would've thought that?

This Citibank plutocrats are defending their business, they are starting to be afraid of Bitcoin. Cool.

The ones thinking that the bankers would let Bitcoin alone are foolish. Bitcoin is a natural born enemy of the traditional financial system. In the long run, only one can survive.

Let the games begin.

Yeah, what would be better than a big war where every bank stops dealing with Bitcoin and makes it near impossible to get money in and out of the exchanges. Can't wait for that.

Seriously, you don't understand what you're wishing for. Get out of fantasy land man.
The governments and banks could destroy Bitcoin for breakfast if they wanted to.

Banks shutting down anything Bitcoin isn't good news. Really, it isn't.
If only one can survive, it won't be Bitcoin. Anyone living in reality can see that.

Very big bullshit. They would have done it already if it would be so easy. Technical analysis (not speculative) proofs on its own that bitcoin can not be destroyed. Price can go low but that's a different subject. Pirates, P2P, opensource has amazing abilities to adapt, they will own the world, it's just a matter of time.

gizmoh

legendary

Activity: 1428

Merit: 1000

Those are delusional libertarians who believe in the mantra: they laugh at you, they fight you ,then you win.
Yes Bitcoin network would still exist and mined but valued in the single digits.What a win it would be!

ChartBuddy

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Activity: 2380

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

ShroomsKit

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Activity: 672

Merit: 500

Quote from: Rampion on June 25, 2013, 02:07:33 AM

Quote from: molecular on June 25, 2013, 12:40:52 AM

Quote from: Voodah on June 25, 2013, 12:25:25 AM

Quote from: justusranvier on June 25, 2013, 12:17:12 AM

Has this already been posted in this thread?

http://www.reddit.com/r/Bitcoin/comments/1h0fmb/citibank_will_no_longer_process_any_transfers_to/

This is one heavy piece of information.

holy crap indeed. It smells funny though because they were even willing to give a reason... who would've thought that?

This Citibank plutocrats are defending their business, they are starting to be afraid of Bitcoin. Cool.

The ones thinking that the bankers would let Bitcoin alone are foolish. Bitcoin is a natural born enemy of the traditional financial system. In the long run, only one can survive.

Let the games begin.

Yeah, what would be better than a big war where every bank stops dealing with Bitcoin and makes it near impossible to get money in and out of the exchanges. Can't wait for that.

Seriously, you don't understand what you're wishing for. Get out of fantasy land man.
The governments and banks could destroy Bitcoin for breakfast if they wanted to.

Banks shutting down anything Bitcoin isn't good news. Really, it isn't.
If only one can survive, it won't be Bitcoin. Anyone living in reality can see that.

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Rampion

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Activity: 1148

Merit: 1018

Quote from: N12 on June 25, 2013, 02:17:58 AM

Quote from: Rampion on June 25, 2013, 02:07:33 AM

Let the games begin.

Let the Great Dollar Extraction begin. Cheesy

Shall we have a little panic buying first?

Cool to see how the fools who wish to be "legit" and "regulated" see that despite being law abiding citizens their funds are taken hostage, and the only way to move them freely is by converting them to Bitcoins.

Interesting times ahead. Gox losing its dominant position, huge opportunity for alternative exchanges, people realizing that a battle is approaching and that the traditional financial system won't hand over its power without a good fight.

Going to buy popcorn, brb

N12

donator

Activity: 1610

Merit: 1010

Quote from: Rampion on June 25, 2013, 02:07:33 AM

Let the games begin.

Let the Great Dollar Extraction begin. Cheesy

barbs

hero member

Activity: 854

Merit: 1000

omg i wake up to this??? i missed a 109 sale at 5:30 am after buying back in at 100.98 just hours prior

QQ

Q...Q

Rampion

legendary

Activity: 1148

Merit: 1018

Quote from: molecular on June 25, 2013, 12:40:52 AM

Quote from: Voodah on June 25, 2013, 12:25:25 AM

Quote from: justusranvier on June 25, 2013, 12:17:12 AM

Has this already been posted in this thread?

http://www.reddit.com/r/Bitcoin/comments/1h0fmb/citibank_will_no_longer_process_any_transfers_to/

This is one heavy piece of information.

holy crap indeed. It smells funny though because they were even willing to give a reason... who would've thought that?

This Citibank plutocrats are defending their business, they are starting to be afraid of Bitcoin. Cool.

The ones thinking that the bankers would let Bitcoin alone are foolish. Bitcoin is a natural born enemy of the traditional financial system. In the long run, only one can survive.

Let the games begin.

joesmoe2012

hero member

Activity: 882

Merit: 501

Ching-Chang;Ding-Dong

Quote from: Frozenlock on June 25, 2013, 02:01:33 AM

Could that be the trigger for another high spread between MtGox and the other exchanges?

Yup, but how to withdraw... Not to mention getting a new bank won't be quick.

Frozenlock

sr. member

Activity: 434

Merit: 250

Could that be the trigger for another high spread between MtGox and the other exchanges?

ChartBuddy

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Activity: 2380

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

gizmoh

legendary

Activity: 1428

Merit: 1000

Clamps are indeed closing on GOX. Citibank is not dealing with any Gox transfers.

I quote this guy from this discussion: https://bitcointalksearch.org/topic/m.2540042

Quote from: neuronics on June 21, 2013, 06:00:30 AM

Some information to bring more light in the dark:

During the last month I made 4 withdrawals (wire) to my account (Switzerland). Also done before without issues. All 4 amounts went through and were credited on my account as usual, about two weeks ago. Therefore I was appreciating the service provided by Mt. Gox.

Yesterday I got a phone call from my local bank, stating that they didn`t get the clearance from the correspondent banks reagarding the $$ transfer. The money went back to Mt. Gox. So these amounts could not be credited any longer and got cancelled.

It seems to be an issue of the international banks involved, below the original text from my bank, saying that the 4 amounts are returned from Citibank to JP Morgan Chase (Mt. Gox) due to internal guidelines. They are waiting for my instructions in which way Mt. Gox will send the money again.

Quote

Das von der Mt Gox Co. Ltd. Überwiesene Geld (4 Beträge USD) wurde von der Depotbank Citibank auf Grund interner Richtlinien an die JP Morgan Chase und somit an Mt Gox Co. Ltd retourniert. Bitte kontaktieren Sie die Firma ob das Geld erneut überwiesen wird....

The infos I got from Gox support:

Quote

Hello, We apologize for the inconvenience caused. Our bank is facing few issues sending the transactions to the Citibank accounts. Our bank is trying to resolve this issue and we are also working on few alternatives. The funds once cancelled will be sent back to the MT Gox account and I will keep you updated on this.

The same day, some hours later, Gox "Statement Regarding Temporary Hiatus on U.S. Dollar Withdrawals" followed. Consistent as far as only $$ transfers are affected.

Looking like big US players are blocking $$ transfer. We are not really surprised, aren`t we ? Hope Mt. Gox will find solutions to circumvent the hiatus. It would be interesting what Citibanks "internal guidelines" are stating.

Voodah

sr. member

Activity: 266

Merit: 250

Quote from: Frozenlock on June 25, 2013, 01:26:28 AM

Quote from: Voodah on June 25, 2013, 01:17:18 AM

Anyway... the guy telling the story checks out pretty good imho....

Uh no...

1 link karma
18 comment karma

Ok. Just good.

But hey, he's not so active. It's not a crime.

His account is 3 months old, he's posted all along those 3 months on unrelated stuff, on NZ stuff and also some pro btc related stuff and even some pro mtgox stuff...

Unless he's on a very elaborate 3-month play where he built a persona waiting for this exact gox 2 week crisis to further defame them... he checks out for me.

420

hero member

Activity: 756

Merit: 500

USB ASIC Miner's for $100 selling like hot cakes

330mhash

https://bitcointalksearch.org/topic/closed-jit-group-buy-7-1045-asicminer-erupter-usb-101618-ea-10-units-241414

Frozenlock

sr. member

Activity: 434

Merit: 250

Quote from: Voodah on June 25, 2013, 01:17:18 AM

Anyway... the guy telling the story checks out pretty good imho....

Uh no...

1 link karma
18 comment karma

joesmoe2012

hero member

Activity: 882

Merit: 501

Ching-Chang;Ding-Dong

He's talking about nz deposits though, not usd withdraws.

Voodah

sr. member

Activity: 266

Merit: 250

Quote from: lucas.sev on June 25, 2013, 12:54:15 AM

Quote from: Voodah on June 25, 2013, 12:51:53 AM

Quote from: molecular on June 25, 2013, 12:40:52 AM

Quote from: Voodah on June 25, 2013, 12:25:25 AM

Quote from: justusranvier on June 25, 2013, 12:17:12 AM

Has this already been posted in this thread?

http://www.reddit.com/r/Bitcoin/comments/1h0fmb/citibank_will_no_longer_process_any_transfers_to/

This is one heavy piece of information.

holy crap indeed. It smells funny though because they were even willing to give a reason... who would've thought that?

They way I see it this information is only important to Bitcoin insiders.. The general public can not infer one bit of meaning out of that change of policy by Citi, hence the lady tells it nonchalantly like it is. It must've been told to her unimportantly, and she just transmitted it.

Or it just did not happen?

I don't know if you are a Reddit user or not, but I am.

It's a pretty different place from everywhere else on the net. And though in reality it is as anonymous as this forum is, everything in there is just more transparent, you can easily background check everyone (you can also do it here..it'll take longer i guess..).

Anyway... the guy telling the story checks out pretty good imho....

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

That smells like BS to me. She wouldn't know what was really going on.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33203. (Read 26711860 times)