Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33499. (Read 26495679 times)

legendary
Activity: 1106
Merit: 1026
Gox has now deleted their first response to the DHS news from their web site and facebook page.

Roll Eyes Someone please tell Mark that you can't take back what you've posted on the Internet.

Hopefully they did that in exchange for a more serious announcement in the next minutes. For the sake of internet memory:

Quote
Statement Regarding Dwolla:

Like many who have contacted us, MtGox has read on the Internet that the United States Department of Homeland Security had a court order and/or warrant issued from the United States District Court in Maryland which it served upon the Dwolla mobile payment service with respect to accounts used for trading with MtGox. We take this information seriously. However, as of this time we have not been provided with a copy of the court order and/or warrant, and do not know its scope and/or the reasons for its issuance. MtGox is investigating and will provide further reports when additional information becomes known.

Anyway. https://www.facebook.com/MtGox/posts/468895216528224 still works. I guess the post was just hidden from their wall, but not deleted. Wink
legendary
Activity: 2576
Merit: 2267
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Artificially manipulated "stable" market? Investors would spot it, and it's the last thing they would want. I don't think anyone will seriously waste their money doing this.

True. Norman Lamont vs George Soros. Guess who came out the multi-billionaire?
sr. member
Activity: 454
Merit: 250
Buy Bitcoin while you still can. The price is being be held stable by big money for the Silicon Valley conference. The price will soon explode upwards.

TBH that just does not sound right to me, unless someone is trying to prevent a drop in price. In which case, we should be concerned.
No VC in his right mind will be looking at BTC without looking at price charts, on which this week long relative stability means nothing.

Can't see anyone at the conference having a problem with rising prices  Wink



Good point. But I think this started before MtGox bad news and all the recent good news, so that they could show investors what a future stable bitcoin would look like. Even though rising prices would excite everyone, it might look like a bubble to some investors. The most attractive thing you could show big companies at this point would be a model of future stability.

Of course, these are my guesswork conclusions. We'll see what happens.

Artificially manipulated "stable" market? Investors would spot it, and it's the last thing they would want. I don't think anyone will seriously waste their money doing this.

I think it would be waaaaay worth it. Even if the  investors could spot it, it wouldn't matter, they would understand the need to present a professional looking product. A conglomeration of big money could hold the market steady, make Bitcoin look professional, and then make billions by letting the reigns go and watch all the corporate panic buying ensue.

I mean c'mon, why throw a huge conference in the middle of Silicon Valey with the risk of the price absolutley tanking in the middle of your presentation. Everybody looking at their cellphones...No way they would take that risk. Very worth the money.


Has the recent price stability felt natural to anybody? I don't think so, not with all the drama the past week. Bitcoin has reacted for more violently on less news.

C'mon, it's just an impasse between buyers and sellers, most of the time with low volume. There is more than one exchange and people all around the world simultaneously either investing or getting cold feet.

True, true. I just doubt it, market feels too artificial right now. Agree to disagree then.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
foo
sr. member
Activity: 409
Merit: 250
Gox has now deleted their first response to the DHS news from their web site and facebook page.

Roll Eyes Someone please tell Mark that you can't take back what you've posted on the Internet.
legendary
Activity: 2576
Merit: 2267
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

You don't need an economist, just look at food prices.  It varies a bit from item to item, but everything is 5-20% more expensive than a year ago. And yes, food prices have been excluded from official inflation calculations.

Or 5-20% smaller (effectively the same thing)
legendary
Activity: 2352
Merit: 1819
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
full member
Activity: 238
Merit: 100
RMBTB.com: The secure BTC:CNY exchange. 0% fee!
Buy Bitcoin while you still can. The price is being be held stable by big money for the Silicon Valley conference. The price will soon explode upwards.

TBH that just does not sound right to me, unless someone is trying to prevent a drop in price. In which case, we should be concerned.
No VC in his right mind will be looking at BTC without looking at price charts, on which this week long relative stability means nothing.

Can't see anyone at the conference having a problem with rising prices  Wink



Good point. But I think this started before MtGox bad news and all the recent good news, so that they could show investors what a future stable bitcoin would look like. Even though rising prices would excite everyone, it might look like a bubble to some investors. The most attractive thing you could show big companies at this point would be a model of future stability.

Of course, these are my guesswork conclusions. We'll see what happens.

Artificially manipulated "stable" market? Investors would spot it, and it's the last thing they would want. I don't think anyone will seriously waste their money doing this.

I think it would be waaaaay worth it. Even if the  investors could spot it, it wouldn't matter, they would understand the need to present a professional looking product. A conglomeration of big money could hold the market steady, make Bitcoin look professional, and then make billions by letting the reigns go and watch all the corporate panic buying ensue.

I mean c'mon, why throw a huge conference in the middle of Silicon Valey with the risk of the price absolutley tanking in the middle of your presentation. Everybody looking at their cellphones...No way they would take that risk. Very worth the money.


Has the recent price stability felt natural to anybody? I don't think so, not with all the drama the past week. Bitcoin has reacted for more violently on less news.

C'mon, it's just an impasse between buyers and sellers, most of the time with low volume. There is more than one exchange and people all around the world simultaneously either investing or getting cold feet.
sr. member
Activity: 454
Merit: 250
Buy Bitcoin while you still can. The price is being be held stable by big money for the Silicon Valley conference. The price will soon explode upwards.

TBH that just does not sound right to me, unless someone is trying to prevent a drop in price. In which case, we should be concerned.
No VC in his right mind will be looking at BTC without looking at price charts, on which this week long relative stability means nothing.

Can't see anyone at the conference having a problem with rising prices  Wink



Good point. But I think this started before MtGox bad news and all the recent good news, so that they could show investors what a future stable bitcoin would look like. Even though rising prices would excite everyone, it might look like a bubble to some investors. The most attractive thing you could show big companies at this point would be a model of future stability.

Of course, these are my guesswork conclusions. We'll see what happens.

Artificially manipulated "stable" market? Investors would spot it, and it's the last thing they would want. I don't think anyone will seriously waste their money doing this.

I think it would be waaaaay worth it. Even if the  investors could spot it, it wouldn't matter, they would understand the need to present a professional looking product. A conglomeration of big money could hold the market steady, make Bitcoin look professional, and then make billions by letting the reigns go and watch all the corporate panic buying ensue.

I mean c'mon, why throw a huge conference in the middle of Silicon Valey with the risk of the price absolutley tanking in the middle of your presentation. Everybody looking at their cellphones...No way they would take that risk. Very worth the money.


Has the recent price stability felt natural to anybody? I don't think so, not with all the drama the past week. Bitcoin has reacted for more violently on less news.
full member
Activity: 238
Merit: 100
RMBTB.com: The secure BTC:CNY exchange. 0% fee!
Buy Bitcoin while you still can. The price is being be held stable by big money for the Silicon Valley conference. The price will soon explode upwards.

TBH that just does not sound right to me, unless someone is trying to prevent a drop in price. In which case, we should be concerned.
No VC in his right mind will be looking at BTC without looking at price charts, on which this week long relative stability means nothing.

Can't see anyone at the conference having a problem with rising prices  Wink



Good point. But I think this started before MtGox bad news and all the recent good news, so that they could show investors what a future stable bitcoin would look like. Even though rising prices would excite everyone, it might look like a bubble to some investors. The most attractive thing you could show big companies at this point would be a model of future stability.

Of course, these are my guesswork conclusions. We'll see what happens.

Artificially manipulated "stable" market? Investors would spot it, and it's the last thing they would want. I don't think anyone will seriously waste their money doing this.
member
Activity: 82
Merit: 10
I think we'll see some interesting price action this weekend during the conference.  Not sure why I feel that way, but I do.
member
Activity: 82
Merit: 10
Buy Bitcoin while you still can. The price is being be held stable by big money for the Silicon Valley conference. The price will soon explode upwards.

TBH that just does not sound right to me, unless someone is trying to prevent a drop in price. In which case, we should be concerned.
No VC in his right mind will be looking at BTC without looking at price charts, on which this week long relative stability means nothing.

Can't see anyone at the conference having a problem with rising prices  Wink



Good point. But I think this started before MtGox bad news and all the recent good news, so that they could show investors what a future stable bitcoin would look like. Even though rising prices would excite everyone, it might look like a bubble to some investors. The most attractive thing you could show big companies at this point would be a model of future stability.

Of course, these are my guesswork conclusions. We'll see what happens.

It seems like someone would have to have deep pockets to purposely create stability, but I could see that I guess.
sr. member
Activity: 454
Merit: 250
Buy Bitcoin while you still can. The price is being be held stable by big money for the Silicon Valley conference. The price will soon explode upwards.

TBH that just does not sound right to me, unless someone is trying to prevent a drop in price. In which case, we should be concerned.
No VC in his right mind will be looking at BTC without looking at price charts, on which this week long relative stability means nothing.

Can't see anyone at the conference having a problem with rising prices  Wink



Good point. But I think this started before MtGox bad news and all the recent good news, so that they could show investors what a future stable bitcoin would look like. Even though rising prices would excite everyone, it might look like a bubble to some investors. The most attractive thing you could show big companies at this point would be a model of future stability.

Of course, these are my guesswork conclusions. We'll see what happens.
sr. member
Activity: 448
Merit: 250
Yes, because Mark Karpeles filling out a form wrong to save a quick buck is a structural impairment of the magnitude of the defective bolts that were used to fasten the steel plates together on the side hull of the Titanic. And is also an errant strategic maneuver of the magnitude of the captain deciding to turn sideways rather than hitting the iceberg head on.

You bears are so great at analogies Grin

If Fiat has lasted this long, with its laughable fundamentals, Bitcoin's survival will be a piece of cake.
sr. member
Activity: 252
Merit: 250


bitcoin is unstoppable!

Yup, so was the Titanic...of course...until it wasn't.   Grin
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
legendary
Activity: 2352
Merit: 1819
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
sr. member
Activity: 252
Merit: 250
Not really a "rally" then is it?  Grin

May I ask which position you hold and what your prediction for the next hours and days is?

I've got BTC stored to go long plus fiat to buy in case of some crazy drop. Overnight I speculate we'll correct back to the 114-115 range and settle down.  I have no idea about the coming days.  As someone else said sentiment seems positive, so without any big negative news, I see no reason for a huge drop.  If things hold, there actually could be a genuine rally in the coming days.  This sure isn't it though. 
hero member
Activity: 491
Merit: 500
Stop quoting Coinseeker. You should have learned by now. Thank you.
sr. member
Activity: 420
Merit: 250


This is Bitcoin, there are no facts.  Only speculations.

There are a few facts. One of which is that your Ignore indicator is looking more and more jaundiced. Wink
Jump to: