Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33536. (Read 26495190 times)
May 14, 2013, 08:49:40 PM
It already made it to Cnet http://news.cnet.com/8301-13578_3-57584511-38/homeland-security-cuts-off-dwolla-bitcoin-transfers/
May 14, 2013, 08:49:19 PM
HOLY SHIT THIS IS BAD OMG OMG!
Nah, just calm down.
Nah, just calm down.
May 14, 2013, 08:47:59 PM
CampBX with Dwolla troubles too: https://www.facebook.com/CampBX/posts/593750063970782
May 14, 2013, 08:47:36 PM
Definitely not over. It's just beginning. Interesting to see how many coins the manipulators, who are trying to prop things up, are willing to lose.
...
Wait, so there are only manipulators trying to prop things up?
What about the manipulators trying to drive things down? Do they not also exist?
So if someone sells a large amount of coins at market and drives down price, they are not a manipulator. But if someone buys coins at market to drive price up, they are a manipulator?
Sorry, I got a bit confused trying to understand your logic, because it appears you did not use even an ounce of it
Protip: Both parties are manipulators. Your assertion that only price movement in one direction qualifies as manipulation is both hilarious and stupid.
[edit] Protip #2: The manipulators propping things up are not losing coins, they are potentially losing USD/etc. The manipulators driving things down could potentially lose coins. However, if both are good at what they are doing, they will gain.
May 14, 2013, 08:46:24 PM
all this fear is so fail....
anyone that sold because of this new made a mistake...
anyone that sold because of this new made a mistake...
I'm genuinely really sad about this
all the good news recently... fucking homeland security. I don't give a shit about homeland security...
The biggest creator of uncertainty: government.
May 14, 2013, 08:45:31 PM
all this fear is so fail....
anyone that sold because of this news made a mistake...
anyone that sold because of this news made a mistake...
I bought.
In retrospect, I hope buying wasn't the mistake.
May 14, 2013, 08:45:13 PM
all this fear is so fail....
anyone that sold because of this new made a mistake...
anyone that sold because of this new made a mistake...
I'm genuinely really sad about this
all the good news recently... fucking homeland security. I don't give a shit about homeland security...
May 14, 2013, 08:43:31 PM
Dwolla has been issued a seizure warrant. This means MtGox's Dwolla account and the funds held in that account have been seized until the investigation is concluded. This does not mean they will get those funds back. That will be determined by the outcome of the investigation.
Mt.Gox is most likely a target for several factors. 1. The fact that I can deposit in USD and buy bitcoin then transfer those bitcoin anonymously to any where I want in the world, sell those for a currency other than USD and then deposit that currency into a foreign account with no regulation, or taxation is where the US AML (Anti Money Laundering) and KYC (Know Your Customer) policies take effect. Mt.Gox can not reasonably provide an account of transactions to the US Government showing what happened to either the funds or the bitcoin.
IMO this is what they are going to use to begin shutting down all US based funding to any form of bitcoin trading platform.
The US Government has a number of bills in place that they are trying to pass such as SOPA, Online taxation, etc. 25 States in the US already have internet filtering laws. I am sure after the media frenzy a team was assembled to investigate Bitcoin and to see how/if it can in fact be regulated and taxed and when it was determined this would not be possible they have switched gears to shutting it down.
This is exactly how it started when it came to online gambling. Seizure warrants, cease and desists were sent to every financial institution in the states banning them from funding any site that allowed card games and/or games of chance.
For those of you saying Dwolla sucks anyway I agree. However Dwolla is the leading US funding source for MtGox, the most widely used, and widely publicized. If you were trying to send a clear message would you go for the jugular or start with the toes? They don't care about the "little guys" YET.
Tradehill, Coinbase, CampBX, these are all US Based trading platforms. I would keep your eyes on these. If and when any or all of them get shut down for similar issues then you will know without a doubt that the US is moving forward to quietly wipe out Bitcoin.
Mt.Gox is most likely a target for several factors. 1. The fact that I can deposit in USD and buy bitcoin then transfer those bitcoin anonymously to any where I want in the world, sell those for a currency other than USD and then deposit that currency into a foreign account with no regulation, or taxation is where the US AML (Anti Money Laundering) and KYC (Know Your Customer) policies take effect. Mt.Gox can not reasonably provide an account of transactions to the US Government showing what happened to either the funds or the bitcoin.
IMO this is what they are going to use to begin shutting down all US based funding to any form of bitcoin trading platform.
The US Government has a number of bills in place that they are trying to pass such as SOPA, Online taxation, etc. 25 States in the US already have internet filtering laws. I am sure after the media frenzy a team was assembled to investigate Bitcoin and to see how/if it can in fact be regulated and taxed and when it was determined this would not be possible they have switched gears to shutting it down.
This is exactly how it started when it came to online gambling. Seizure warrants, cease and desists were sent to every financial institution in the states banning them from funding any site that allowed card games and/or games of chance.
For those of you saying Dwolla sucks anyway I agree. However Dwolla is the leading US funding source for MtGox, the most widely used, and widely publicized. If you were trying to send a clear message would you go for the jugular or start with the toes? They don't care about the "little guys" YET.
Tradehill, Coinbase, CampBX, these are all US Based trading platforms. I would keep your eyes on these. If and when any or all of them get shut down for similar issues then you will know without a doubt that the US is moving forward to quietly wipe out Bitcoin.
thanks for the infos...
It was just a question of time until governments realize the problems that cryptocurrencies bring to their financial regulation system.
Obviously they have to do something before the hoi polloi start hopping on the train.
I talked about this problem some weeks ago on this forum as I see the biggest problem in bitcoin that it will be misused massively for taxrefugees and moneylaundering because its transactions are so much more easier to be covered.
So we will have some time of panic because noone knows how governments will react but I think it's a good sign that bitcoin is on its way to mass adoption.
Bitcoin has evolved too far to be stopped. Only thing governments can do as always when they've overslept a new thing is to adapt and integrate it into their system.
I mean no country even has laws yet that define if bitcoin is a currency or a commodity. I'm really curious how some court procedure would be handled.
And wouldn't it be the best reaction for an american Bitcoin user right now to spend all cash on bitcoin and get them on their personal wallet instead of cashing out and watching their frozen dollars for some months?
Or am I on the wrong plane right now?
edit: besides I don't think US can wipe out bitcoin quietly. That would backfire quite hard in the media...and people are suddenly very interested if governments prohibit something they don't see as real harm to their society
May 14, 2013, 08:42:28 PM
all this fear is so fail....
anyone that sold because of this news made a mistake...
anyone that sold because of this news made a mistake...
May 14, 2013, 08:40:50 PM
Definitely not over. It's just beginning. Interesting to see how many coins the manipulators, who are trying to prop things up, are willing to lose.
We would gladly die for our currency! Don't let it break $100 !!
May 14, 2013, 08:40:20 PM
For what I'm seeing the market is still kinda stable. The big moves can be traced back to two huge dumps (if I remember correctly). After the dumps there were bounces and relative stability. This is no real panic selloff, where many people chase the price. Also bullish breakout of triangle on 5 minute chart while writing. Still: without more information I'm staying on the sideline. Anything else is driven by emotion and not because of a gain of knowledge.
Couldn't people be busy moving their coins around? It takes time. No one that wants to cash out in fiat is going to dump at Mt. Gox obviously.
May 14, 2013, 08:40:18 PM
It's made it to Mashable...true mainstream media will be next.
http://mashable.com/2013/05/14/dwolla-homeland-security/?utm_medium=feed&utm_source=rss
http://mashable.com/2013/05/14/dwolla-homeland-security/?utm_medium=feed&utm_source=rss
May 14, 2013, 08:39:44 PM
Definitely not over. It's just beginning. Interesting to see how many coins the manipulators, who are trying to prop things up, are willing to lose.
No it's not over. MANY MANY MANY people have no clue about Dwolla yet. Most people only use it for cashing in and out and believe it or not thousands of Dwolla/Bitcoin users do not use this site or like sites. This means that the initial effects of the news have been felt but once the "general users" start getting wind of it, well then "it's just the beginning"
Update while typing; Just got off the phone with a friend "WTF how am I supposed to cash out now?" This will become the general feeling over the next couple of weeks.
May 14, 2013, 08:39:10 PM
May 14, 2013, 08:35:03 PM
Definitely not over. It's just beginning. Interesting to see how many coins the manipulators, who are trying to prop things up, are willing to lose.
May 14, 2013, 08:34:32 PM
For what I'm seeing the market is still kinda stable. The big moves can be traced back to two huge dumps (if I remember correctly). After the dumps there were bounces and relative stability. This is no real panic selloff, where many people chase the price. Also bullish breakout of triangle on 5 minute chart while writing. Still: without more information I'm staying on the sideline. Anything else is driven by emotion and not because of a gain of knowledge.
May 14, 2013, 08:33:36 PM
Hmm, looks likes the panic is over.
Looks like I'll be making a loss again if I buy in now - can we have another scare please?
Looks like I'll be making a loss again if I buy in now - can we have another scare please?
wait for 2 hours
May 14, 2013, 08:30:11 PM
Aaaaaaannndd up we go
May 14, 2013, 08:29:51 PM
Hmm, looks likes the panic is over.
Looks like I'll be making a loss again if I buy in now - can we have another scare please?
Looks like I'll be making a loss again if I buy in now - can we have another scare please?
May 14, 2013, 08:28:46 PM
Dwolla has been issued a seizure warrant. This means MtGox's Dwolla account and the funds held in that account have been seized until the investigation is concluded. This does not mean they will get those funds back. That will be determined by the outcome of the investigation.
Mt.Gox is most likely a target for several factors. 1. The fact that I can deposit in USD and buy bitcoin then transfer those bitcoin anonymously to any where I want in the world, sell those for a currency other than USD and then deposit that currency into a foreign account with no regulation, or taxation is where the US AML (Anti Money Laundering) and KYC (Know Your Customer) policies take effect. Mt.Gox can not reasonably provide an account of transactions to the US Government showing what happened to either the funds or the bitcoin.
IMO this is what they are going to use to begin shutting down all US based funding to any form of bitcoin trading platform.
The US Government has a number of bills in place that they are trying to pass such as SOPA, Online taxation, etc. 25 States in the US already have internet filtering laws. I am sure after the media frenzy a team was assembled to investigate Bitcoin and to see how/if it can in fact be regulated and taxed and when it was determined this would not be possible they have switched gears to shutting it down.
This is exactly how it started when it came to online gambling. Seizure warrants, cease and desists were sent to every financial institution in the states banning them from funding any site that allowed card games and/or games of chance.
For those of you saying Dwolla sucks anyway I agree. However Dwolla is the leading US funding source for MtGox, the most widely used, and widely publicized. If you were trying to send a clear message would you go for the jugular or start with the toes? They don't care about the "little guys" YET.
Tradehill, Coinbase, CampBX, these are all US Based trading platforms. I would keep your eyes on these. If and when any or all of them get shut down for similar issues then you will know without a doubt that the US is moving forward to quietly wipe out Bitcoin.
Mt.Gox is most likely a target for several factors. 1. The fact that I can deposit in USD and buy bitcoin then transfer those bitcoin anonymously to any where I want in the world, sell those for a currency other than USD and then deposit that currency into a foreign account with no regulation, or taxation is where the US AML (Anti Money Laundering) and KYC (Know Your Customer) policies take effect. Mt.Gox can not reasonably provide an account of transactions to the US Government showing what happened to either the funds or the bitcoin.
IMO this is what they are going to use to begin shutting down all US based funding to any form of bitcoin trading platform.
The US Government has a number of bills in place that they are trying to pass such as SOPA, Online taxation, etc. 25 States in the US already have internet filtering laws. I am sure after the media frenzy a team was assembled to investigate Bitcoin and to see how/if it can in fact be regulated and taxed and when it was determined this would not be possible they have switched gears to shutting it down.
This is exactly how it started when it came to online gambling. Seizure warrants, cease and desists were sent to every financial institution in the states banning them from funding any site that allowed card games and/or games of chance.
For those of you saying Dwolla sucks anyway I agree. However Dwolla is the leading US funding source for MtGox, the most widely used, and widely publicized. If you were trying to send a clear message would you go for the jugular or start with the toes? They don't care about the "little guys" YET.
Tradehill, Coinbase, CampBX, these are all US Based trading platforms. I would keep your eyes on these. If and when any or all of them get shut down for similar issues then you will know without a doubt that the US is moving forward to quietly wipe out Bitcoin.
^^^This. Using Homeland Secuity, also means the U.S. could theoretically have a drone hovering over MtGox by morning.
. Jump to: