Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33743. (Read 26713256 times)

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.

going down again..

http://www.sierrachart.com/image.php?l=1368581962908.png

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.  

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.

wait for 2 hours

Aaaaaaannndd up we go

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?

^^^This.  Using Homeland Secuity, also means the U.S. could theoretically have a drone hovering over MtGox by morning.   .

i'm buying



calmly.

Me too

also in other news, you can no longer withdraw your money from MtGox to Dallow, something about a court order. US sellers have to use a wire transfers now. this makes it easier for Big Bad Government to make damn sure no pot smoking hippie cashes out on mtgox.

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.  

Hoping for a dead cat bounce here - can we have a bigger fall please?
I have some cash still, and I want cheap coins!

well quite some good support on bid side corresponding to these news or do you think we go double digits?

Today was an okay day.

http://jazzinghen.files.wordpress.com/2012/01/carnival-phantasm-gilgamesh-shut-up-and-take-my-money.gif

I'm back in the game.

say what? did they ddos too hard for american taste?
I'm just reading through last pages but can't really get the right info why this happened?
Is there something from news agencies or what's going on?

edit: ah thanks for answer

Implying Dwolla froze MTGoX's account just for shits and giggles, as apposed to a Department of Homeland Security mandate.

New chart please.

DHS is freezing Mutum Sigillum LLC assets, which is the US-based arm of Mt. Gox. Their Dwolla account is confirmed, but we don't know of any other asset seizures.