Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33523.

adamstgBit

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Quote from: notme on June 02, 2013, 10:05:17 PM

Quote from: nmersulypnem on June 02, 2013, 10:02:52 PM

Quote from: fr33d0miz3r on June 02, 2013, 09:56:15 PM

Quote from: Abandon on June 02, 2013, 09:44:52 PM

What is likely going to be the bottom? 64? 80? 103? 110? 113?

0.0001? 0.001? 0.01? 0.1? 1?

I'm confused as to why this graph is generating so much panic in the forum today...

https://i.imgur.com/YbMyqyp.png?1

The trendline starting at 50 has been broken, but IMO the people panicing need to zoom out. There are other, more long term trends that will provide support. Sure, seeing 50 again is always a remote possibility, but I'll be buying the whole way down.

look,
i just went into a dep. bought a 40oz of beer and told them about bitcoin ( it was the first they hear about it )
i walked out with 1 less (-1)"physical bitcoin with 0BTC value loading on it" and 1 gram of weed. Cheesy

i'm not worried about the price....
when i wish on a shooting star, i wish for less ways to wish for and more ways to work toward it.

so fuck off with your "analysis" bitcoin is happening... it taking more time then we all thought but ya.............

notme

legendary

Activity: 1904

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Quote from: nmersulypnem on June 02, 2013, 10:02:52 PM

Quote from: fr33d0miz3r on June 02, 2013, 09:56:15 PM

Quote from: Abandon on June 02, 2013, 09:44:52 PM

What is likely going to be the bottom? 64? 80? 103? 110? 113?

0.0001? 0.001? 0.01? 0.1? 1?

I'm confused as to why this graph is generating so much panic in the forum today...

https://i.imgur.com/YbMyqyp.png?1

The trendline starting at 50 has been broken, but IMO the people panicing need to zoom out. There are other, more long term trends that will provide support. Sure, seeing 50 again is always a remote possibility, but I'll be buying the whole way down.

Abandon

member

Activity: 112

Merit: 10

Quote from: nmersulypnem on June 02, 2013, 10:02:52 PM

Quote from: fr33d0miz3r on June 02, 2013, 09:56:15 PM

Quote from: Abandon on June 02, 2013, 09:44:52 PM

What is likely going to be the bottom? 64? 80? 103? 110? 113?

0.0001? 0.001? 0.01? 0.1? 1?

I'm confused as to why this graph is generating so much panic in the forum today...

https://i.imgur.com/YbMyqyp.png?1

It broke a very significant support. See the first three bottoms, and how the fourth doesn't line up?

nmersulypnem

full member

Activity: 238

Merit: 100

Quote from: fr33d0miz3r on June 02, 2013, 09:56:15 PM

Quote from: Abandon on June 02, 2013, 09:44:52 PM

What is likely going to be the bottom? 64? 80? 103? 110? 113?

0.0001? 0.001? 0.01? 0.1? 1?

I'm confused as to why this graph is generating so much panic in the forum today...

https://i.imgur.com/YbMyqyp.png?1

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

fr33d0miz3r

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Activity: 518

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Quote from: Abandon on June 02, 2013, 09:44:52 PM

What is likely going to be the bottom? 64? 80? 103? 110? 113?

0.0001? 0.001? 0.01? 0.1? 1?

Abandon

member

Activity: 112

Merit: 10

What is likely going to be the bottom? 64? 80? 103? 110? 113?

adamstgBit

legendary

Activity: 1904

Merit: 1038

Trusted Bitcoiner

Quote from: adamstgBit on June 02, 2013, 09:21:06 PM

OK i'm gonna set a date here.....
Nov 1st we will probably be hitting bottom, trade your lil trades till then but be preapair to go all in on the low near Nov 1st!
.... i'm serious guys get ready...

I have plans in progress projects for bitcoin too you know....And when my BigEvent hits ,,; and the world sees me and listens to MY bitcoin's Story you KNOW we're going from the bottom to the top you can be sure of that, just saying.... i'm not stupid....
Cool

better believe it mother fucker

Cool

Quote from: Nightowlace on June 02, 2013, 09:23:21 PM

Quote from: michaelGedi on June 02, 2013, 08:49:31 PM

I keep listening to this tune on loop... I love it:

http://www.youtube.com/watch?v=A7TuFy0fcuw&hd=1

Hilarious

FUCK YA i was lookign for that link Grin

Nightowlace

hero member

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Quote from: michaelGedi on June 02, 2013, 08:49:31 PM

I keep listening to this tune on loop... I love it:

http://www.youtube.com/watch?v=A7TuFy0fcuw&hd=1

Hilarious

adamstgBit

legendary

Activity: 1904

Merit: 1038

Trusted Bitcoiner

http://www.youtube.com/watch?v=BRI-A3vakVg

adamstgBit

legendary

Activity: 1904

Merit: 1038

Trusted Bitcoiner

OK i'm gonna set a date here.....
Nov 1st we will probably be hitting bottom, trade your lil trades till then but be preapair to go all in on the low near Nov 1st!
.... i'm serious guys get ready...

I have plans in progress projects for bitcoin too you know....And when my BigEvent hits ,,; and the world sees me and listens to MY bitcoin's Story you KNOW we're going from the bottom to the top you can be sure of that, just saying.... i'm not stupid....
Cool

adamstgBit

legendary

Activity: 1904

Merit: 1038

Trusted Bitcoiner

Quote from: nmersulypnem on June 02, 2013, 09:04:06 PM

Quote from: adamstgBit on June 02, 2013, 09:02:53 PM

its going down! i haven't been watching the action closely this week ...but i have a feeling hitting the buy btn will be a good move very soon, place your risky bids NOW! Grin

I'm afraid to go to sleep... I don't want to miss buying at the bottom!

you have till monday night to buy
the bid filled on tuesday morning are going to be prime time winners.
place bids now and hope they fill while you sleep and trust me, i've been doing this longer then most. Tongue

I'm short and will stay that way till we hit bottom But I'm a 1337Pro, so I trade Bi-monthly....

Cool

nmersulypnem

full member

Activity: 238

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Quote from: adamstgBit on June 02, 2013, 09:02:53 PM

its going down! i haven't been watching the action closely this week ...but i have a feeling hitting the buy btn will be a good move very soon, place your risky bids NOW! Grin

I'm afraid to go to sleep... I don't want to miss buying at the bottom!

adamstgBit

legendary

Activity: 1904

Merit: 1038

Trusted Bitcoiner

its going down! i haven't been watching the action closely this week ...but i have a feeling hitting the buy btn will be a good move very soon, place your risky bids NOW! Grin

ChartBuddy

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michaelGedi

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"to be or not to be, that is the bitcoin"

I keep listening to this tune on loop... I love it:

http://www.youtube.com/watch?v=A7TuFy0fcuw&hd=1

hlynur

hero member

Activity: 770

Merit: 501

Quote from: phoenix1 on June 02, 2013, 08:14:40 PM

Quote from: hlynur on June 02, 2013, 08:07:03 PM

so if they can't get get the miners they go for the mining rig producers, introducing fees or something?
(I'm still sure US gov not just wants more regulation but at least a small part of the cake too, they won't let that pot of btc just stand there and look how it's growing and devaluing their fiat)

Who knows ...
It's obviously very unclear at the moment and they are making it up as they go along. But IF they decide miners are 'money- transmitters' and need a license, then there is a very weak link in the chain of anonymity, and that is the producers.
Much the same as the exchanges ...
Time will tell
I certainly don't have the answer

jup we will see.
if i compare it to mining gold, there are the big companys (with licences) digging in huge mines and there are the single individuals nibbling in their own hole or fishing around in some rivers (without need of license).
So at least licensing for mining pools or fee per mining-rig could come up the table.
whatever is happening at the exchanges right now...adaptation progress is good symbol
(integrate und regulate at least the production before that becomes a problem)

phoenix1

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Quote from: hlynur on June 02, 2013, 08:07:03 PM

so if they can't get get the miners they go for the mining rig producers, introducing fees or something?
(I'm still sure US gov not just wants more regulation but at least a small part of the cake too, they won't let that pot of btc just stand there and look how it's growing and devaluing their fiat)

Who knows ...
It's obviously very unclear at the moment and they are making it up as they go along. But IF they decide miners are 'money- transmitters' and need a license, then there is a very weak link in the chain of anonymity, and that is the producers.
Much the same as the exchanges ...
Time will tell
I certainly don't have the answer

hlynur

hero member

Activity: 770

Merit: 501

Quote from: phoenix1 on June 02, 2013, 07:56:27 PM

Quote from: BitcoinAshley on June 02, 2013, 07:50:41 PM

Quote from: hlynur on June 02, 2013, 07:39:22 PM

Quote from: telemaco on June 02, 2013, 06:58:33 PM

FinCEN Ruling Requested for Bitcoin Mining?

http://www.thebitcoinchannel.com/archives/10491

Seems to be quite complex stuff. Maybe that is the reason for the drop?

very interesting
so do I get the meanings of that article right (It's late, I'm half awake right now

):

Somebody who's mining btc and selling them via exchange is a money transmitter?

-> means that any miner (or at least mining pool) in US would need a license for that?

(if that's the case it would be a good strategy for US government to grab the bull by the balls and not by the horns)

It might look that way, but a miner who mines over an encrypted connection and sells the coins via in-person or on the web OTC - times several thousand - would be hard to grab by the balls. The only surefire way to do it is to attempt to fill OTC markets with federal agents, or start a "report your neighbour for bitcoin mining" program. Very expensive. Politically risky. Print more dollars to pay for it? Going after bitcoin like this would be SURE to jumpstart rapid-fire adoption.

Think of it like trying to go after individual bittorrent users; I know there are a lot more of those, but they don't even TRY for privacy. Bitcoin miners tend to know a little more about what they are doing. Catching thousands of miners who make a concerted effort to remain pseudonymous will take a LOT of money and man-hours. I'm not saying miners do this now (most don't) but if push came to shove... well, there's a profit to be had so they would make some changes. And, yes, a few of the lazy miners will get a friendly knock on the door from a federal marshal.

Much easier to just 'ask' those selling ASICs for a list of customers ...

so if they can't get get the miners they go for the mining rig producers, introducing fees or something?
(I'm still sure US gov not just wants more regulation but at least a small part of the cake too, they won't let that pot of btc just stand there and look how it's growing and devaluing their fiat)

ChartBuddy

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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33523. (Read 26716281 times)