Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33529. (Read 26495259 times)
May 15, 2013, 05:15:13 AM
Anyhow, you can see how no coins rushed to the exchange after the Dwolla news. Fiat rushed out, but BTC did not rush in - which makes sense, if you use Dwolla there's no point in exchanging your un-seizable currency for seizable fiat.
May 15, 2013, 05:13:46 AM
$4M disappeared from the order book after the Dwolla news (one just came back)
There's people that really gets scared easily.
There's people that really gets scared easily.
May 15, 2013, 05:02:23 AM
May 15, 2013, 05:00:30 AM
No, shutting down fiat payment flows does NOT devalue a currency intrinsically able to route around such problems. Furthermore making it more difficult to obtain does not decrease it's value.
Frittering away market value speculatively just at the time when big investors may be looking to come on board, does.
Yes because we should all blindly believe that Bitcoin is immune to crashing. You can't "route" around anything without centralized exchanges. Are you serious with this stuff? Were you even paying attention yesterday? It's only worth what people say it's worth. The moment it becomes impossible to get any money out of the system (back into fiat) that's the moment it becomes near worthless. But that's the gamble right? Everyone can't be bulls.
May 15, 2013, 04:56:00 AM
If there's bigger news in the morning about DHS launching criminal proceedings against Gox, yesterday's downswing will look mild. If the biggest BTC exchange loses the ability to do business with US clients, that's a _huge_ problem, and not at all a case of having weak hands or being too bearish.
Oh for sure. If they go after Gox directly...that's 80% of the market, frozen. These prices may make no sense to me at the moment but there is no way, I'd be keeping anything at Gox right now. You're just asking to lose it all. And nothing says they have to give it back either.
On a side note: This stuff is really fascinating. What a unique time in history.
The solution is to keep your assets in BTC in your own wallet, not as fiat or BTC in exchange accounts.
Which really is nothing new.
Buying BTC to transfer out makes sense but holding a devaluing currency is just silly when I can convert to fiat somewhere else and rebuy low.
Your constant desire to buy lower (along with others like you) when you have already had ample opportunity is what is devaluing the currency. It's a self-fulfilling prophecy.
At some point, the momentum of what you are trying to do in the short term will overwhelm any momentum that will allow you to gain longer-term. People will just get bored. Then you can buy your cheap coins, and keep them.
No, a warrant from homeland security and a possible shutdown of the largest exchange (80%), is devaluing the currency. Don't blame me for being a bear and I still think we're going to double digits and probably retesting our 50-60 lows. I hope DHS rains fire in the morning. Cheap coins for all! Hopefully me saying it does fulfill it. Happy now?
No, shutting down fiat payment flows does NOT devalue a currency intrinsically able to route around such problems. Furthermore making it more difficult to obtain does not decrease it's value.
Frittering away market value speculatively just at the time when big investors may be looking to come on board, does.
May 15, 2013, 04:55:04 AM
May 15, 2013, 04:54:58 AM
Ahh...yes. They were in hiding just hours ago and now here they come on the hopes the storm has passed. Come on out of your bunkers...all is fine. Please...buy, buy, buy. 
May 15, 2013, 04:54:01 AM
Your constant desire to buy lower (along with others like you) when you have already had ample opportunity is what is devaluing the currency. It's a self-fulfilling prophecy.
At some point, the momentum of what you are trying to do in the short term will overwhelm any momentum that will allow you to gain longer-term. People will just get bored. Then you can buy your cheap coins, and keep them.
At some point, the momentum of what you are trying to do in the short term will overwhelm any momentum that will allow you to gain longer-term. People will just get bored. Then you can buy your cheap coins, and keep them.
+1
Where do you guys read about Dwolla before the news broke??
Many threads on this forum and Reddit. Dwolla send out emails due to their open transparency policy explaining the situation.
May 15, 2013, 04:52:44 AM
If there's bigger news in the morning about DHS launching criminal proceedings against Gox, yesterday's downswing will look mild. If the biggest BTC exchange loses the ability to do business with US clients, that's a _huge_ problem, and not at all a case of having weak hands or being too bearish.
Oh for sure. If they go after Gox directly...that's 80% of the market, frozen. These prices may make no sense to me at the moment but there is no way, I'd be keeping anything at Gox right now. You're just asking to lose it all. And nothing says they have to give it back either.
On a side note: This stuff is really fascinating. What a unique time in history.
The solution is to keep your assets in BTC in your own wallet, not as fiat or BTC in exchange accounts.
Which really is nothing new.
Please dont apply some common sense to this. Didnt you get the mail ? Its a panic and everything is going to xplode soon.
May 15, 2013, 04:52:32 AM
If there's bigger news in the morning about DHS launching criminal proceedings against Gox, yesterday's downswing will look mild. If the biggest BTC exchange loses the ability to do business with US clients, that's a _huge_ problem, and not at all a case of having weak hands or being too bearish.
Oh for sure. If they go after Gox directly...that's 80% of the market, frozen. These prices may make no sense to me at the moment but there is no way, I'd be keeping anything at Gox right now. You're just asking to lose it all. And nothing says they have to give it back either.
On a side note: This stuff is really fascinating. What a unique time in history.
The solution is to keep your assets in BTC in your own wallet, not as fiat or BTC in exchange accounts.
Which really is nothing new.
Buying BTC to transfer out makes sense but holding a devaluing currency is just silly when I can convert to fiat somewhere else and rebuy low.
Your constant desire to buy lower (along with others like you) when you have already had ample opportunity is what is devaluing the currency. It's a self-fulfilling prophecy.
At some point, the momentum of what you are trying to do in the short term will overwhelm any momentum that will allow you to gain longer-term. People will just get bored. Then you can buy your cheap coins, and keep them.
Thank you.
May 15, 2013, 04:51:41 AM
If there's bigger news in the morning about DHS launching criminal proceedings against Gox, yesterday's downswing will look mild. If the biggest BTC exchange loses the ability to do business with US clients, that's a _huge_ problem, and not at all a case of having weak hands or being too bearish.
Oh for sure. If they go after Gox directly...that's 80% of the market, frozen. These prices may make no sense to me at the moment but there is no way, I'd be keeping anything at Gox right now. You're just asking to lose it all. And nothing says they have to give it back either.
On a side note: This stuff is really fascinating. What a unique time in history.
The solution is to keep your assets in BTC in your own wallet, not as fiat or BTC in exchange accounts.
Which really is nothing new.
Buying BTC to transfer out makes sense but holding a devaluing currency is just silly when I can convert to fiat somewhere else and rebuy low.
Your constant desire to buy lower (along with others like you) when you have already had ample opportunity is what is devaluing the currency. It's a self-fulfilling prophecy.
At some point, the momentum of what you are trying to do in the short term will overwhelm any momentum that will allow you to gain longer-term. People will just get bored. Then you can buy your cheap coins, and keep them.
No, a warrant from homeland security and a possible shutdown of the largest exchange (80%), is devaluing the currency. Don't blame me for being a bear and I still think we're going to double digits and probably retesting our 50-60 lows. I hope DHS rains fire in the morning. Cheap coins for all! Hopefully me saying it does fulfill it. Happy now?
May 15, 2013, 04:46:55 AM
So people temporarily can't get their USD out of MtGox (at least not through Dwolla) and as a result, they're mass *selling* their bitcoins, to get *more* USD which they can't get out? DHS can only seize fiat funds. Riiiight
May 15, 2013, 04:44:53 AM
Where do you guys read about Dwolla before the news broke??
I read about it, checked goxs fb ,twt, page nothing, thought the guys were trolling.
I went 50/50 ,
Woke up and, Damn ...
I read about it, checked goxs fb ,twt, page nothing, thought the guys were trolling.
I went 50/50 ,
Woke up and, Damn ...
May 15, 2013, 04:44:00 AM
If there's bigger news in the morning about DHS launching criminal proceedings against Gox, yesterday's downswing will look mild. If the biggest BTC exchange loses the ability to do business with US clients, that's a _huge_ problem, and not at all a case of having weak hands or being too bearish.
Oh for sure. If they go after Gox directly...that's 80% of the market, frozen. These prices may make no sense to me at the moment but there is no way, I'd be keeping anything at Gox right now. You're just asking to lose it all. And nothing says they have to give it back either.
On a side note: This stuff is really fascinating. What a unique time in history.
The solution is to keep your assets in BTC in your own wallet, not as fiat or BTC in exchange accounts.
Which really is nothing new.
Buying BTC to transfer out makes sense but holding a devaluing currency is just silly when I can convert to fiat somewhere else and rebuy low.
Your constant desire to buy lower (along with others like you) when you have already had ample opportunity is what is devaluing the currency. It's a self-fulfilling prophecy.
At some point, the momentum of what you are trying to do in the short term will overwhelm any momentum that will allow you to gain longer-term. People will just get bored. Then you can buy your cheap coins, and keep them.
May 15, 2013, 04:38:38 AM
If there's bigger news in the morning about DHS launching criminal proceedings against Gox, yesterday's downswing will look mild. If the biggest BTC exchange loses the ability to do business with US clients, that's a _huge_ problem, and not at all a case of having weak hands or being too bearish.
Oh for sure. If they go after Gox directly...that's 80% of the market, frozen. These prices may make no sense to me at the moment but there is no way, I'd be keeping anything at Gox right now. You're just asking to lose it all. And nothing says they have to give it back either.
On a side note: This stuff is really fascinating. What a unique time in history.
The solution is to keep your assets in BTC in your own wallet, not as fiat or BTC in exchange accounts.
Which really is nothing new.
Buying BTC to transfer out makes sense but holding a devaluing currency is just silly when one can convert to fiat somewhere else and rebuy low. Unless you're going long. I'm looking for cheap coins and the dollar is certainly more stable than BTC.
May 15, 2013, 04:31:29 AM
If there's bigger news in the morning about DHS launching criminal proceedings against Gox, yesterday's downswing will look mild. If the biggest BTC exchange loses the ability to do business with US clients, that's a _huge_ problem, and not at all a case of having weak hands or being too bearish.
Oh for sure. If they go after Gox directly...that's 80% of the market, frozen. These prices may make no sense to me at the moment but there is no way, I'd be keeping anything at Gox right now. You're just asking to lose it all. And nothing says they have to give it back either.
On a side note: This stuff is really fascinating. What a unique time in history.
The solution is to keep your assets in BTC in your own wallet, not as fiat or BTC in exchange accounts.
Which really is nothing new.
May 15, 2013, 04:25:00 AM
oh god.. even the fud is getting boring..
May 15, 2013, 04:06:14 AM
If there's bigger news in the morning about DHS launching criminal proceedings against Gox, yesterday's downswing will look mild. If the biggest BTC exchange loses the ability to do business with US clients, that's a _huge_ problem, and not at all a case of having weak hands or being too bearish.
Oh for sure. If they go after Gox directly...that's 80% of the market, frozen. These prices may make no sense to me at the moment but there is no way, I'd be keeping anything at Gox right now. You're just asking to lose it all. And nothing says they have to give it back either.
On a side note: This stuff is really fascinating. What a unique time in history.
May 15, 2013, 04:03:09 AM
If there's bigger news in the morning about DHS launching criminal proceedings against Gox, yesterday's downswing will look mild. If the biggest BTC exchange loses the ability to do business with US clients, that's a _huge_ problem, and not at all a case of having weak hands or being too bearish.
It's ok, ignorance is bliss. People need their illusions. May 15, 2013, 03:57:42 AM
If there's bigger news in the morning about DHS launching criminal proceedings against Gox, yesterday's downswing will look mild. If the biggest BTC exchange loses the ability to do business with US clients, that's a _huge_ problem, and not at all a case of having weak hands or being too bearish.
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