Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33575. (Read 26715087 times)
May 28, 2013, 08:02:18 PM
May 28, 2013, 07:18:24 PM
A little bit of random speculation?
everytime we touched this resistance we moved up
http://img15.hostingpics.net/pics/443408oCapturedu20130529013957.png
everytime we touched this resistance we moved up
http://img15.hostingpics.net/pics/443408oCapturedu20130529013957.png
May 28, 2013, 07:05:40 PM
Maybe you have some trouble to grasp the concept of very scarce a non-inflatable currency.
Yeah, and perhaps onecoin truly is the most expensive coin ever. 
Scarcity principle doesn't apply without the proper demand.
May 28, 2013, 07:05:14 PM
May 28, 2013, 06:49:54 PM
governments have already come out and said bitcoin was ok
Something else the US government said:
May 28, 2013, 06:32:03 PM
Unfortunately, Bitcoin is not a currency. It's a commodity. If it can actually survive a while longer and achieve mass adoption, it could be considered a currency but just being able to buy a bag of weed, doesn't make something a currency. Bitcoin is far more like gold as a store of value, but not nearly as safe.
Agreed. Bitcoin needs to be the crypto-commodity the crypto-currency running alongside it would have its transactions confirmed much faster with built in deflation too. Like a faster version of Freicoin for example.
May 28, 2013, 06:25:03 PM
Is btccharts broken for anyone else?
May 28, 2013, 06:18:28 PM
If the US Government does, we'll see sub 50 in the long term.
$50 it's a lot if you consider that we were at $20 at the end of January.
Anyhow, long term you will see at least 4 figures unless a superior, decentralized and trust-free crypto is developed, or a fatal vulnerability is exposed - regardless of what the US Government decides to do.
There are only 21 millions, did you know?
This is that newbie investor thinking that just because something is rare, it's automatically going to be valuable. Case in point: you.
Actually you're wrong. I base Bitcoins value on the markets and what people are willing to pay for them. The total in circulation is irrelevant to me.
Maybe you have some trouble to grasp the concept of very scarce a non-inflatable currency.
Unfortunately, Bitcoin is not a currency. It's a commodity. If it can actually survive a while longer and achieve mass adoption, it could be considered a currency but just being able to buy a bag of weed, doesn't make something a currency. Bitcoin is far more like gold as a store of value, but not nearly as safe.
May 28, 2013, 06:16:07 PM
If the US Government does, we'll see sub 50 in the long term.
$50 it's a lot if you consider that we were at $20 at the end of January.
Anyhow, long term you will see at least 4 figures unless a superior, decentralized and trust-free crypto is developed, or a fatal vulnerability is exposed - regardless of what the US Government decides to do.
There are only 21 millions, did you know?
This is that newbie investor thinking that just because something is rare, it's automatically going to be valuable. Case in point: you.
Actually you're wrong. I base Bitcoins value on the markets and what people are willing to pay for them. The total in circulation is irrelevant to me.
You misunderstand me. I mean the total number of YOU in supply is low! :p
LOL...
There's more of me than there are Bitcoins, so yet another fail....but funny. I'll give you that. 
May 28, 2013, 06:15:43 PM
If the US Government does, we'll see sub 50 in the long term.
$50 it's a lot if you consider that we were at $20 at the end of January.
Anyhow, long term you will see at least 4 figures unless a superior, decentralized and trust-free crypto is developed, or a fatal vulnerability is exposed - regardless of what the US Government decides to do.
There are only 21 millions, did you know?
This is that newbie investor thinking that just because something is rare, it's automatically going to be valuable. Case in point: you.
Actually you're wrong. I base Bitcoins value on the markets and what people are willing to pay for them. The total in circulation is irrelevant to me.
Maybe you have some trouble to grasp the concept of very scarce a non-inflatable currency.
May 28, 2013, 06:12:32 PM
If the US Government does, we'll see sub 50 in the long term.
$50 it's a lot if you consider that we were at $20 at the end of January.
Anyhow, long term you will see at least 4 figures unless a superior, decentralized and trust-free crypto is developed, or a fatal vulnerability is exposed - regardless of what the US Government decides to do.
There are only 21 millions, did you know?
This is that newbie investor thinking that just because something is rare, it's automatically going to be valuable. Case in point: you.
Actually you're wrong. I base Bitcoins value on the markets and what people are willing to pay for them. The total in circulation is irrelevant to me.
You misunderstand me. I mean the total number of YOU in supply is low! :p
May 28, 2013, 06:10:14 PM
If the US Government does, we'll see sub 50 in the long term.
$50 it's a lot if you consider that we were at $20 at the end of January.
Anyhow, long term you will see at least 4 figures unless a superior, decentralized and trust-free crypto is developed, or a fatal vulnerability is exposed - regardless of what the US Government decides to do.
There are only 21 millions, did you know?
This is that newbie investor thinking that just because something is rare, it's automatically going to be valuable. Case in point: you.
Actually you're wrong. I base Bitcoins value on the markets and what people are willing to pay for them. The total in circulation is irrelevant to me.
May 28, 2013, 06:06:36 PM
If the US Government does, we'll see sub 50 in the long term.
$50 it's a lot if you consider that we were at $20 at the end of January.
Anyhow, long term you will see at least 4 figures unless a superior, decentralized and trust-free crypto is developed, or a fatal vulnerability is exposed - regardless of what the US Government decides to do.
There are only 21 millions, did you know?
This is that newbie investor thinking that just because something is rare, it's automatically going to be valuable. Case in point: you.
May 28, 2013, 06:05:04 PM
If the US Government does, we'll see sub 50 in the long term.
$50 it's a lot if you consider that we were at $20 at the end of January.
Anyhow, long term you will see at least 4 figures unless a superior, decentralized and trust-free crypto is developed, or a fatal vulnerability is exposed - regardless of what the US Government decides to do.
There are only 21 millions, did you know?
This is that newbie investor thinking that just because something is rare, it's automatically going to be valuable. May 28, 2013, 06:02:22 PM
May 28, 2013, 05:49:20 PM
Finland/Canada et al. are very small players compared to the US Government in regard to what kind of black swan event you'll see during an assault. If Finland or Canada assaults BTC maybe you'll see someone sell 10k coins and it will blow over like Dwolla. If the US Government does, we'll see sub 50 in the long term.
Also, they say they're fine with it today. When it's a considerably more obvious threat to the position of lobbyists, expect the position to do a total 180.
Also, they say they're fine with it today. When it's a considerably more obvious threat to the position of lobbyists, expect the position to do a total 180.
The divorce is happening and Bitcoin will go on to find love eventually. Just...not with the dollar!
May 28, 2013, 05:20:42 PM
If the US Government does, we'll see sub 50 in the long term.
$50 it's a lot if you consider that we were at $20 at the end of January.
Anyhow, long term you will see at least 4 figures unless a superior, decentralized and trust-free crypto is developed, or a fatal vulnerability is exposed - regardless of what the US Government decides to do.
There are only 21 millions, did you know?
May 28, 2013, 05:11:13 PM
Finland/Canada et al. are very small players compared to the US Government in regard to what kind of black swan event you'll see during an assault. If Finland or Canada assaults BTC maybe you'll see someone sell 10k coins and it will blow over like Dwolla. If the US Government does, we'll see sub 50 in the long term.
Also, they say they're fine with it today. When it's a considerably more obvious threat to the position of lobbyists, expect the position to do a total 180.
Also, they say they're fine with it today. When it's a considerably more obvious threat to the position of lobbyists, expect the position to do a total 180.
May 28, 2013, 05:02:44 PM
May 28, 2013, 04:52:46 PM
Topping google news:
Bitcoin being amalgamated to Liberty Reserve story:
"A top Bitcoin exchange, Tokyo-based Mt. Gox, failed to register with FinCEN earlier this month and had its U.S. dollar accounts seized by authorities.
Over the past week, a Bitcoin unit has traded at around $130, according to the website Bitcoincharts.com."
http://www.reuters.com/article/2013/05/28/net-us-cybercrime-libertyreserve-charges-idUSBRE94R0KQ20130528
Bitcoin being amalgamated to Liberty Reserve story:
"A top Bitcoin exchange, Tokyo-based Mt. Gox, failed to register with FinCEN earlier this month and had its U.S. dollar accounts seized by authorities.
Over the past week, a Bitcoin unit has traded at around $130, according to the website Bitcoincharts.com."
http://www.reuters.com/article/2013/05/28/net-us-cybercrime-libertyreserve-charges-idUSBRE94R0KQ20130528
It's a joke how they mixed MtGox with the Liberty Reserve thing.
MtGox is very thorough in verifying the identity of its users, LR wasn't. Gox may be amateurish, but they really try to comply with AML regulation, the verification queue was huge at one point and they reject applications because of silly misspellings on the utility bill. And all the apostille and notarization crap you need for "trusted" status.
Yeah, they failed to register to FinCEN, probably because they underestimated the outcome because the project grew too big too fast for them to scale and get somebody competent and experienced on board.
About time.
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