Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33545.

Its About Sharing

legendary

Activity: 1442

Merit: 1000

Antifragile

Quote from: fourkey2001 on May 14, 2013, 05:35:29 PM

Quote from: gizmoh on May 14, 2013, 05:33:20 PM

Quote from: Coinseeker on May 14, 2013, 05:24:22 PM

This is a STATEMENT from the US Government to Bitcoin. My advice being a US citizen and knowing the reach of the USG...Sell NOW or forever hold your piece. This is going to get worse as the news reaches mainstream media. By then, it will be too late. I'm taking my profit and I'll watch from the sidelines. I'll buy back when the dust settles. Good luck to all.

Agreed, many still don't realize the implications of this seizure, it is a start of a slandering campaign to stop 'financing' of bitcoin. The fight started sooner than expected.

I am selling now..

Will buy after conference. I do not want to be in JAIL or accused of terrorism or illegal work!

You should probably just stay away then. You knew what BTC meant when you got in.
This is not an investment, it's a movement.
Use that conference money on setting up a nice IRA... Tongue

SZD

newbie

Activity: 33

Merit: 0

Very scary time to be in BTC. One interesting thing is that ppl w fiat in gox are going to have to buy BTC to get out of gox. So price might go up a bit at first. Who knows what after that. Could be very bad.

Brushan

member

Activity: 224

Merit: 10

Quote from: gizmoh on May 14, 2013, 05:33:20 PM

Quote from: Coinseeker on May 14, 2013, 05:24:22 PM

This is a STATEMENT from the US Government to Bitcoin. My advice being a US citizen and knowing the reach of the USG...Sell NOW or forever hold your piece. This is going to get worse as the news reaches mainstream media. By then, it will be too late. I'm taking my profit and I'll watch from the sidelines. I'll buy back when the dust settles. Good luck to all.

Agreed, many still don't realize the implications of this seizure, it is a start of a slandering campaign to stop 'financing' of bitcoin. The fight started sooner than expected.

The earlier the better for them. It would be a lot worse for them if they showed their dictatorial face in front of half of America's population. Now only the small userbase of Bitcoin are affected by it.

Pale Phoenix

sr. member

Activity: 420

Merit: 250

Quote from: Richy_T on May 14, 2013, 05:03:53 PM

Why go against tradition?

I won't argue with you there, but I'm not the panicky, jump to conclusions type of wall watcher. The facts will reveal themselves, and until then, there's finally some fucking action!

Its About Sharing

legendary

Activity: 1442

Merit: 1000

Antifragile

Quote from: gizmoh on May 14, 2013, 05:33:20 PM

Quote from: Coinseeker on May 14, 2013, 05:24:22 PM

This is a STATEMENT from the US Government to Bitcoin. My advice being a US citizen and knowing the reach of the USG...Sell NOW or forever hold your piece. This is going to get worse as the news reaches mainstream media. By then, it will be too late. I'm taking my profit and I'll watch from the sidelines. I'll buy back when the dust settles. Good luck to all.

Agreed, many still don't realize the implications of this seizure, it is a start of a slandering campaign to stop 'financing' of bitcoin. The fight started sooner than expected.

It took over 4 years. I'd say longer than expected.

Come on China, EU, - DHS can't take you down. Grin

fourkey2001

newbie

Activity: 42

Merit: 0

Quote from: gizmoh on May 14, 2013, 05:33:20 PM

Quote from: Coinseeker on May 14, 2013, 05:24:22 PM

This is a STATEMENT from the US Government to Bitcoin. My advice being a US citizen and knowing the reach of the USG...Sell NOW or forever hold your piece. This is going to get worse as the news reaches mainstream media. By then, it will be too late. I'm taking my profit and I'll watch from the sidelines. I'll buy back when the dust settles. Good luck to all.

Agreed, many still don't realize the implications of this seizure, it is a start of a slandering campaign to stop 'financing' of bitcoin. The fight started sooner than expected.

I am selling now..

Will buy after conference. I do not want to be in JAIL or accused of terrorism or illegal work!

gizmoh

legendary

Activity: 1428

Merit: 1000

Quote from: Coinseeker on May 14, 2013, 05:24:22 PM

This is a STATEMENT from the US Government to Bitcoin. My advice being a US citizen and knowing the reach of the USG...Sell NOW or forever hold your piece. This is going to get worse as the news reaches mainstream media. By then, it will be too late. I'm taking my profit and I'll watch from the sidelines. I'll buy back when the dust settles. Good luck to all.

Agreed, many still don't realize the implications of this seizure, it is a start of a slandering campaign to stop 'financing' of bitcoin. The fight started sooner than expected.

phoenix1

hero member

Activity: 798

Merit: 1000

Quote from: EuroTrash on May 14, 2013, 05:13:21 PM

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...

Thinking about this a bit more, I can see early adopters doing this ... people who are already comfortable moving coins around
I think new money is less likely to do so and it will probably take longer for the news to filter through to them in any case

Just my thoughts ...

fourkey2001

newbie

Activity: 42

Merit: 0

Quote from: Coinseeker on May 14, 2013, 05:24:22 PM

This is a STATEMENT from the US Government to Bitcoin. My advice being a US citizen and knowing the reach of the USG...Sell NOW or forever hold your piece. This is going to get worse as the news reaches mainstream media. By then, it will be too late. I'm taking my profit and I'll watch from the sidelines. I'll buy back when the dust settles. Good luck to all.

Thanks for sharing this. I am selling 100 BTC i have now!

Odalv

legendary

Activity: 1414

Merit: 1000

Quote from: Coinseeker on May 14, 2013, 05:24:22 PM

This is a STATEMENT from the US Government to Bitcoin. My advice being a US citizen and knowing the reach of the USG...Sell NOW or forever hold your piece. This is going to get worse as the news reaches mainstream media. By then, it will be too late. I'm taking my profit and I'll watch from the sidelines. I'll buy back when the dust settles. Good luck to all.

Just moving coinz from Mt Gox to cold wallet. (but will hold fiat there)

phoenix1

hero member

Activity: 798

Merit: 1000

Is there some up to date TA on this ?
Get your crayons out boys Tongue

bixcoin

full member

Activity: 168

Merit: 100

Bixcoin Superdouche

Quote from: EuroTrash on May 14, 2013, 05:13:21 PM

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...

In what way would Gox fiat be affected? If the bad news is big bad news, probably the safest thing to do is keeping fiat on Gox.

Coinseeker

sr. member

Activity: 252

Merit: 250

This is a STATEMENT from the US Government to Bitcoin. My advice being a US citizen and knowing the reach of the USG...Sell NOW or forever hold your piece. This is going to get worse as the news reaches mainstream media. By then, it will be too late. I'm taking my profit and I'll watch from the sidelines. I'll buy back when the dust settles. Good luck to all.

Its About Sharing

legendary

Activity: 1442

Merit: 1000

Antifragile

Quote from: fitty on May 14, 2013, 05:15:34 PM

Quote from: phoenix1 on May 14, 2013, 05:06:51 PM

Posted 15 mins ago ...

http://pandodaily.com/2013/05/14/dept-of-homeland-security-freezes-accounts-between-dwolla-and-bitcoin-exchange-mt-gox/

Hmmmmm. OkCupid, well that's bad. Looks like they served every US business that accepts BTC (through MtGox - which is most of them - Coinbase in the case of OKC)

Where does it say anything about other businesses outside of Dwolla?

EuroTrash

hero member

Activity: 728

Merit: 500

Quote from: fitty on May 14, 2013, 05:15:34 PM

Hmmmmm. OkCupid, well that's bad. Looks like they served every US business that accepts BTC (through MtGox - which is most of them - Coinbase in the case of OKC)

From the information we have the only affected businesses are the ones that use Dwolla+MtGox.

I think it would be much more important to know is how businesses using BitPay are affected.

Brushan

member

Activity: 224

Merit: 10

Quote from: tHash on May 14, 2013, 05:14:06 PM

Quote from: Rampion on May 14, 2013, 04:51:17 PM

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

Come on guys, they invaded Libya and killed Ghadaffi for trying to f*** with their dollar. You thought they would let Bitcoin thrive? This is why Bitcoin is king. They can't do anything when something is decentralized other than scaring a few people away from using it.

gmannn

full member

Activity: 148

Merit: 100

Quote from: fitty on May 14, 2013, 05:15:34 PM

Quote from: phoenix1 on May 14, 2013, 05:06:51 PM

Posted 15 mins ago ...

http://pandodaily.com/2013/05/14/dept-of-homeland-security-freezes-accounts-between-dwolla-and-bitcoin-exchange-mt-gox/

Hmmmmm. OkCupid, well that's bad. Looks like they served every US business that accepts BTC (through MtGox - which is most of them - Coinbase in the case of OKC)

OKC posted the email from dwolla.

fourkey2001

newbie

Activity: 42

Merit: 0

Quote from: phoenix1 on May 14, 2013, 05:16:22 PM

Quote from: EuroTrash on May 14, 2013, 05:13:21 PM

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!

phoenix1

hero member

Activity: 798

Merit: 1000

Quote from: EuroTrash on May 14, 2013, 05:13:21 PM

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 ...

TheJuice

hero member

Activity: 842

Merit: 608

Quote from: EuroTrash on May 14, 2013, 05:13:21 PM

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.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33545. (Read 26495072 times)