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...
Well, I'm sure we have a little bit of both.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33546. (Read 26495072 times)
May 14, 2013, 05:15:57 PM
Well, I'm sure we have a little bit of both.
May 14, 2013, 05:15:34 PM
Posted 15 mins ago ...
http://pandodaily.com/2013/05/14/dept-of-homeland-security-freezes-accounts-between-dwolla-and-bitcoin-exchange-mt-gox/
http://pandodaily.com/2013/05/14/dept-of-homeland-security-freezes-accounts-between-dwolla-and-bitcoin-exchange-mt-gox/
Wools. Looks like OKC just posted the dwolla SS.
May 14, 2013, 05:14:06 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
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...
May 14, 2013, 05:11:26 PM
Posted 15 mins ago ...
http://pandodaily.com/2013/05/14/dept-of-homeland-security-freezes-accounts-between-dwolla-and-bitcoin-exchange-mt-gox/
http://pandodaily.com/2013/05/14/dept-of-homeland-security-freezes-accounts-between-dwolla-and-bitcoin-exchange-mt-gox/
Before homeland gets me... i am selling mine ... and also after this news, there will be panic selling, so its best to cash in the profit NOW!!
I can understand that we could use some fear to get cheaper coins... But man, your scare tactics are laughable
May 14, 2013, 05:09:36 PM
Posted 15 mins ago ...
http://pandodaily.com/2013/05/14/dept-of-homeland-security-freezes-accounts-between-dwolla-and-bitcoin-exchange-mt-gox/
http://pandodaily.com/2013/05/14/dept-of-homeland-security-freezes-accounts-between-dwolla-and-bitcoin-exchange-mt-gox/
Before homeland gets me... i am selling mine ... and also after this news, there will be panic selling, so its best to cash in the profit NOW!!
May 14, 2013, 05:06:51 PM
May 14, 2013, 05:05:45 PM
Funny to see how quickly that tough guy, libertarian talk goes out the window once the feds actually show up. Thank God Ripple is on the way to save Bitcoin from ruin. And just in time too. Somehow I told ya so, just doesn't quite say it.
A centralized way of funding? Isn't that the very problem we are talking about though?
I'm certainly not and Ripple won't be centralized so...
May 14, 2013, 05:05:05 PM
Department of Homeland Security has nothing to do with a civil lawsuit from coinlab. This is about money laundering/terrorism financing/child porn/drug trafficking..
Call me alarmist but, once the big players and Vc's read the charges against gox, realizing that the largest btc exchanger which hold all their millions, is now in jeopardy with a US govt agency,i'll let you imagine the continuing slipping of price in the coming days/hours as this bad news is fully digested..
Call me alarmist but, once the big players and Vc's read the charges against gox, realizing that the largest btc exchanger which hold all their millions, is now in jeopardy with a US govt agency,i'll let you imagine the continuing slipping of price in the coming days/hours as this bad news is fully digested..
May 14, 2013, 05:03:53 PM
It could very well be a legitimate government action.
Why go against tradition?
May 14, 2013, 05:02:23 PM
It could very well be a legitimate government action.
May 14, 2013, 05:02:14 PM
May 14, 2013, 05:01:32 PM
Thanks God I don't live in the US.
And I wanted to move there a few years ago.
And I wanted to move there a few years ago.
Well, to be fair, we have no idea what's actually going on. It could very well be a legitimate government action.
That said, yeah, if I wasn't bound by birth and family, I wouldn't move here either. I'm not old enough to know how it was in the halcyon days of postwar America, but post 9/11, our government seems too big and too powerful. Most of us are so busy catching up on Survivor that we just aren't paying attention.
May 14, 2013, 04:56:56 PM
Slipping downwards.
Huge drop in the bid sum
People just can't ignore that burning pit in the stomach feeling. Time for them to cave in to their emotions and sell.
May 14, 2013, 04:52:19 PM
Of course though it doesn't matter whether or not we believe this Dwolla story, what matters is whether or not everyone else does, and what they do as a result.
The Bitcoin conference this weekend just got a helluva lot more interesting.
May 14, 2013, 04:52:10 PM
Thanks God I don't live in the US.
And I wanted to move there a few years ago.
And I wanted to move there a few years ago.
May 14, 2013, 04:52:03 PM
Funny to see how quickly that tough guy, libertarian talk goes out the window once the feds actually show up. Thank God Ripple is on the way to save Bitcoin from ruin. And just in time too. Somehow I told ya so, just doesn't quite say it.
A centralized way of funding? Isn't that the very problem we are talking about though?
May 14, 2013, 04:51:17 PM
Huge drop in the bid sum
May 14, 2013, 04:50:40 PM
Slipping downwards.
May 14, 2013, 04:50:26 PM
Of course though it doesn't matter whether or not we believe this Dwolla story, what matters is whether or not everyone else does, and what they do as a result.
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