Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33359.

BitcoinAshley

sr. member

Activity: 448

Merit: 250

Quote from: ErisDiscordia on May 30, 2013, 11:05:48 AM

Haha coinseeker, there he goes again talking about how he lives in the "real" world and about "winning" an internet argument Cheesy

Never fails to crack me up. Yesterday he "won" an internet argument with me by tl;dring my quotes! Cool

Dude is legit hysterical.

Miz4r

legendary

Activity: 1246

Merit: 1000

Bitstamp price just reached a new weekly high of $130.78, one buyer couldn't stand it any longer and bought 800 BTC instantly.

[edit]Make that $131 Tongue

[/edit]

granolageek

member

Activity: 60

Merit: 10

Quote from: Richy_T on May 30, 2013, 09:51:32 AM

Even I'm getting fed up with ChartBuddy right now. Though I'd still like interesting changes to be included. Anyone got any good ideas on what would make a chart worthy of posting in the thread? Bear in mind that Chartbuddy actually isn't aware of the price (Though possibly he should be).

Set the twit bit.

EuroTrash

hero member

Activity: 728

Merit: 500

sorry no FUD intended but there might be a damn bad reason for price spike.

1. in light of last communication from Gox now all accounts have to be verified to withdraw/deposit fiat, so unverified users are buying BTCs and going away
2. can anyone here confirm a successful withdraw from MtGox in the last 5 days?

Thanks

ErisDiscordia

legendary

Activity: 1133

Merit: 1163

Imposition of ORder = Escalation of Chaos

Haha coinseeker, there he goes again talking about how he lives in the "real" world and about "winning" an internet argument Cheesy

ChartBuddy

legendary

Activity: 2352

Merit: 1819

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Dalib

full member

Activity: 462

Merit: 101

A Top Web 3 Gaming Layer2 Provider

Quote from: KS on May 30, 2013, 10:57:23 AM

Quote from: Piper67 on May 30, 2013, 10:47:07 AM

Quote from: Dalib on May 30, 2013, 10:23:58 AM

Quote from: rezurect on May 30, 2013, 10:05:07 AM

Today's or short term outlook?

I hope that we will see 137-140 in 1-3 days ... Wink

(but the next day it's the weekend, so I do not know)

For the last few weekends, the weekend dip has been reversed. Price rises on the weekend and, if anything, dips quite a bit on Monday, Tuesday and even Wednesday, before starting to climb again.

pros off on break and weekend traders on the rise.

if the pros leave the boat...

Grin

maybe

edit: traders have a week to work and on weekends traded Grin

KS

sr. member

Activity: 448

Merit: 250

Quote from: Piper67 on May 30, 2013, 10:47:07 AM

Quote from: Dalib on May 30, 2013, 10:23:58 AM

Quote from: rezurect on May 30, 2013, 10:05:07 AM

Today's or short term outlook?

I hope that we will see 137-140 in 1-3 days ... Wink

(but the next day it's the weekend, so I do not know)

For the last few weekends, the weekend dip has been reversed. Price rises on the weekend and, if anything, dips quite a bit on Monday, Tuesday and even Wednesday, before starting to climb again.

pros off on break and weekend traders on the rise.

if the pros leave the boat...

Grin

Piper67

legendary

Activity: 1106

Merit: 1001

Quote from: Dalib on May 30, 2013, 10:23:58 AM

Quote from: rezurect on May 30, 2013, 10:05:07 AM

Today's or short term outlook?

I hope that we will see 137-140 in 1-3 days ... Wink

(but the next day it's the weekend, so I do not know)

For the last few weekends, the weekend dip has been reversed. Price rises on the weekend and, if anything, dips quite a bit on Monday, Tuesday and even Wednesday, before starting to climb again.

Dalib

full member

Activity: 462

Merit: 101

A Top Web 3 Gaming Layer2 Provider

Quote from: rezurect on May 30, 2013, 10:05:07 AM

Today's or short term outlook?

I hope that we will see 137-140 in 1-3 days ... Wink

(but the next day it's the weekend, so I do not know)

Rampion

legendary

Activity: 1148

Merit: 1018

Quote from: crazy_rabbit on May 30, 2013, 10:14:15 AM

Quote from: Rampion on May 30, 2013, 09:57:49 AM

Quote from: Hawkix on May 30, 2013, 07:32:41 AM

Quote from: myself on May 30, 2013, 05:44:00 AM

ouch

Quote

Dear Mt. Gox Customers,

In order to comply with strict anti-money laundering regulations we are now requiring account verifications for all accounts performing non-Bitcoin currency deposits and withdrawals. Please see our statement for the full explanation:

https://mtgox.com/press_release_20130530.html

Best regards,

Mt. Gox Team

Well, just all wait till the day MtGox get hacked (again) or seized by government. Suddenly, all those Bitcoin addresses used to fund/withdraw will be cleanly linked to your ID, photo, bank account, postal address. Nice.

Angry

This is a real risk everybody trading significant amounts of fiat for BTC is exposed to - now and also in the past. If you are dealing with peanuts, you can get away with dealing with BTC anonymously. But if you are trading high 6 figures of fiat (and those guys, together with the 7 figures players are the market makers, and not the Dwolla users) you need to be ultra-verified with notarized documents in any case.

I think people moving millions are probably working with special agreements with GOX. Their money isn't going 'poof' overnight anytime soon.

I think the REAL question no one is asking is when exchanges are going to be forced to play bitcoin police for stolen BTC. That's the real question.

Maybe some of the people dealing with millions have some "special agreement" with Gox, but I can guarantee you that at least some of those dealing with hundreds of thousands are not.

And consider that there are a lot of people in here whose bitcoins were worth let's say $30,000 6 months ago, and now those BTC are worth $300,000. That people needs to be registered with notarized documents + apostille if they want to be able to withdraw more than $10,000 per day (and $50,000 max per month), which is a pain in the ass because you also lose a lot of money in commissions (Gox's, Gox's bank, your own bank... You just want to withdraw as much as possible in one shot or you lose money).

Coinseeker

sr. member

Activity: 252

Merit: 250

Quote from: Rampion on May 30, 2013, 10:11:54 AM

What about ignoring Coinseeker and not quoting him at all?

Why? Because everytime you open your mouth, you get owned? That's cool...if that's how you want to win. Roll Eyes

Coinseeker

sr. member

Activity: 252

Merit: 250

Quote from: fluidjax on May 30, 2013, 10:09:08 AM

Coinseeker, Jeez, you really have a knack of turning something fairly innocuous into the end of the world. This in itself is fairly meaningless. It is inevitable that the fiat gateways into Bitcoin are going to be tightened up.
If you move large quantities of fiat around, governments want to know about it, simple. You can't escape it, and are not going to be able to escape it in the future.

Well, I don't live in a libertarian, pro-Bitcoin bubble. I live in the real world Pretending to comply and being in actually licensed compliance, are not the same thing. That's as silly as saying, I'm following all the traffic laws so therefore, I don't need a drivers license and insurance. (In the US anyway.) It's all good....until you actually get pulled over. Shocked

wonkytonky

sr. member

Activity: 411

Merit: 250

Quote from: Rampion on May 30, 2013, 10:11:54 AM

What about ignoring Coinseeker and not quoting him at all?

nope
new readers need to know he's only saying things to get cheap coins

crazy_rabbit

legendary

Activity: 1204

Merit: 1002

RUM AND CARROTS: A PIRATE LIFE FOR ME

Quote from: Rampion on May 30, 2013, 09:57:49 AM

Quote from: Hawkix on May 30, 2013, 07:32:41 AM

Quote from: myself on May 30, 2013, 05:44:00 AM

ouch

Quote

Dear Mt. Gox Customers,

In order to comply with strict anti-money laundering regulations we are now requiring account verifications for all accounts performing non-Bitcoin currency deposits and withdrawals. Please see our statement for the full explanation:

https://mtgox.com/press_release_20130530.html

Best regards,

Mt. Gox Team

Well, just all wait till the day MtGox get hacked (again) or seized by government. Suddenly, all those Bitcoin addresses used to fund/withdraw will be cleanly linked to your ID, photo, bank account, postal address. Nice.

Angry

This is a real risk everybody trading significant amounts of fiat for BTC is exposed to - now and also in the past. If you are dealing with peanuts, you can get away with dealing with BTC anonymously. But if you are trading high 6 figures of fiat (and those guys, together with the 7 figures players are the market makers, and not the Dwolla users) you need to be ultra-verified with notarized documents in any case.

I think people moving millions are probably working with special agreements with GOX. Their money isn't going 'poof' overnight anytime soon.

I think the REAL question no one is asking is when exchanges are going to be forced to play bitcoin police for stolen BTC. That's the real question.

Rampion

legendary

Activity: 1148

Merit: 1018

What about ignoring Coinseeker and not quoting him at all?

fluidjax

hero member

Activity: 750

Merit: 601

Quote from: Coinseeker on May 30, 2013, 09:36:35 AM

Quote from: ?? on ??

In other news ...

Quote from: myself on May 30, 2013, 05:44:00 AM

ouch

Quote

Dear Mt. Gox Customers,

In order to comply with strict anti-money laundering regulations we are now requiring account verifications for all accounts performing non-Bitcoin currency deposits and withdrawals. Please see our statement for the full explanation:

https://mtgox.com/press_release_20130530.html

Best regards,

Mt. Gox Team

Not a great surprise really ... I would imagine anyone who does not want to be verified has been getting their cash off Gox or buying BTC post Dwolla

Interesting though is the use of the phrase 'at this time' wrt BTC withdrawals ... implication to me is that it is a possibility in the future

The are either very ignorant or they really think they are outside of the reach of the USG. This means nothing, as it relates to USD, if you don't have a MSB license. To my knowledge, they still don't. Speculation: Mt. Gox is going down. This would be a devastating blow to the Bitcoin economy. Just looking at the market depth, there is currently ~$18 million in BTC. And looks like ~$16 million in fiat. And that's just what's in limit orders. No telling how much is just sitting in accounts. Either way, if ~$34 million instantly vanished from the Bitcoin economy, it's going to leave a mark. Hell, people can't even read a forum post without freaking out. The panic selloff that would result at the remaining exchanges, would be tremendous.

Cheap coins anyone? Grin

Coinseeker, Jeez, you really have a knack of turning something fairly innocuous into the end of the world. This in itself is fairly meaningless. It is inevitable that the fiat gateways into Bitcoin are going to be tightened up.
If you move large quantities of fiat around, governments want to know about it, simple. You can't escape it, and are not going to be able to escape it in the future.

rezurect

sr. member

Activity: 686

Merit: 250

Today's or short term outlook?

ChartBuddy

legendary

Activity: 2352

Merit: 1819

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Rampion

legendary

Activity: 1148

Merit: 1018

Quote from: Hawkix on May 30, 2013, 07:32:41 AM

Quote from: myself on May 30, 2013, 05:44:00 AM

ouch

Quote

Dear Mt. Gox Customers,

In order to comply with strict anti-money laundering regulations we are now requiring account verifications for all accounts performing non-Bitcoin currency deposits and withdrawals. Please see our statement for the full explanation:

https://mtgox.com/press_release_20130530.html

Best regards,

Mt. Gox Team

Well, just all wait till the day MtGox get hacked (again) or seized by government. Suddenly, all those Bitcoin addresses used to fund/withdraw will be cleanly linked to your ID, photo, bank account, postal address. Nice.

Angry

This is a real risk everybody trading significant amounts of fiat for BTC is exposed to - now and also in the past. If you are dealing with peanuts, you can get away with dealing with BTC anonymously. But if you are trading high 6 figures of fiat (and those guys, together with the 7 figures players are the market makers, and not the Dwolla users) you need to be ultra-verified with notarized documents in any case.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33359. (Read 26497800 times)