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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33363. (Read 26462764 times)

newbie
Activity: 42
Merit: 0
I keep on wondering whether all these buys are due to bottom-catchers fishing cheap coins or due to people scared by DHS news converting their fiat to coins and moving them out of Gox in a hurry...

^^ this
As usual time will tell ...


sell sell sell

lets get this bitcoin down!
hero member
Activity: 798
Merit: 1000
I keep on wondering whether all these buys are due to bottom-catchers fishing cheap coins or due to people scared by DHS news converting their fiat to coins and moving them out of Gox in a hurry...

^^ this
As usual time will tell ...
hero member
Activity: 841
Merit: 608
I keep on wondering whether all these buys are due to bottom-catchers fishing cheap coins or due to people scared by DHS news converting their fiat to coins and moving them out of Gox in a hurry...

Good insight. Probably bottom feeders. Or we would have seen a huge upswing.
legendary
Activity: 1148
Merit: 1018
I keep on wondering whether all these buys are due to bottom-catchers fishing cheap coins or due to people scared by DHS news converting their fiat to coins and moving them out of Gox in a hurry...

Well, I'm sure we have a little bit of both.
hero member
Activity: 728
Merit: 501
CryptoTalk.Org - Get Paid for every Post!
sr. member
Activity: 260
Merit: 250
Huge drop in the bid sum


This corresponds nicely with the 27,000 coins that were market sold.   It will take some time for the bid sum to build again, unless people who sold decide that the storm is over.  

Personally, I have decided that until we know why the DHS is involved, it is safer to be fiat.   The risk being buying back in higher and losing a couple percent (which I hope happens).  On the other hand, it is a curious situation, and if DHS has decided that bitcoins have been used to fund terrorism, we could see a steep decline in the value of bitcoin as they work their "magic".   So, maybe lose a few percent, or maybe lose 50%+ . . .

I am probably the only person who is mostly fiat who wants to see the price go up Tongue
hero member
Activity: 728
Merit: 500
I keep on wondering whether all these buys are due to bottom-catchers fishing cheap coins or due to people scared by DHS news converting their fiat to coins and moving them out of Gox in a hurry...
legendary
Activity: 1148
Merit: 1018

Before homeland gets me... i am selling mine ... and also after this news, there will be panic selling, so its best to cash in the profit NOW!!

I can understand that we could use some fear to get cheaper coins... But man, your scare tactics are laughable Cheesy
newbie
Activity: 42
Merit: 0

Before homeland gets me... i am selling mine ... and also after this news, there will be panic selling, so its best to cash in the profit NOW!!
sr. member
Activity: 252
Merit: 250
Funny to see how quickly that tough guy, libertarian talk goes out the window once the feds actually show up.  Thank God Ripple is on the way to save Bitcoin from ruin.  And just in time too.  Somehow I told ya so, just doesn't quite say it.

A centralized way of funding? Isn't that the very problem we are talking about though?

I'm certainly not and Ripple won't be centralized so... Roll Eyes
legendary
Activity: 1428
Merit: 1000
Department of Homeland Security has nothing to do with a civil lawsuit from coinlab. This is about money laundering/terrorism financing/child porn/drug trafficking..
Call me alarmist but, once the big players and Vc's read the charges against gox, realizing that the largest btc exchanger which hold all their millions, is now in jeopardy with a US govt agency,i'll let you imagine the continuing slipping of price in the coming days/hours as this bad news is fully digested..
legendary
Activity: 2534
Merit: 2245
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
sr. member
Activity: 434
Merit: 250
legendary
Activity: 2268
Merit: 1782
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
sr. member
Activity: 420
Merit: 250
Thanks God I don't live in the US.
And I wanted to move there a few years ago.

Well, to be fair, we have no idea what's actually going on. It could very well be a legitimate government action.

That said, yeah, if I wasn't bound by birth and family, I wouldn't move here either. I'm not old enough to know how it was in the halcyon days of postwar America, but post 9/11, our government seems too big and too powerful. Most of us are so busy catching up on Survivor that we just aren't paying attention.
full member
Activity: 238
Merit: 100
In Gord We Trust
Slipping downwards.

Huge drop in the bid sum

People just can't ignore that burning pit in the stomach feeling. Time for them to cave in to their emotions and sell.
hero member
Activity: 728
Merit: 501
CryptoTalk.Org - Get Paid for every Post!
Of course though it doesn't matter whether or not we believe this Dwolla story, what matters is whether or not everyone else does, and what they do as a result.

The Bitcoin conference this weekend just got a helluva lot more interesting.
hero member
Activity: 518
Merit: 500
Thanks God I don't live in the US.
And I wanted to move there a few years ago.
legendary
Activity: 1442
Merit: 1000
Antifragile
Funny to see how quickly that tough guy, libertarian talk goes out the window once the feds actually show up.  Thank God Ripple is on the way to save Bitcoin from ruin.  And just in time too.  Somehow I told ya so, just doesn't quite say it.

A centralized way of funding? Isn't that the very problem we are talking about though?
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