Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33867. (Read 26712930 times)

I guess we should all thank our lucky stars he doesn't keep his wealth in olive oil. 

He trades silver. Gold as well, I think. Oh, and he runs a very profitable chauffeur service, in case you need a limo for a wedding.

+1 lol

Do you put silver pots on your head, hang it off your ears, and generally pour silverware all around your body like a lunatic?

bear logic " bitcoin is official legal, sell all the bitcoins! "

Isn't he just showing off all the silver he owns?

ok..now maybe i do think he is insane.

LOL. Do you know the back story for that insanity? I called him a clown before but now it seems much more fitting.

With all the talk of BTC regulation you have to keep something in mind.
1. There are many large corporate players coming into the fold and considering its benefits (Facebook, Paypal, etc.) those companies carry a very loud and strong opinion.
2. Look at some of the multi multi millionaires that are advocating Bitcoin.
3. The US is on a manhunt for tax revenue streams. They will not try to crush bitcoin IMO they will be more concerned with how to make money from it. Aka money service licensing, trade reporting regulations (so they can tax your gains)

All of this "news" is giving strength to its legitimacy. I was at a funeral this morning and when I started talking about bitcoins to someone I had a 62 year old lady chime in and started talking with us about "that Internet money" as did several other 50+ year old people. I just had a 70 year old man buy Casascius coins from me.

We sit here in this board speculating, talking, wondering. Well I have news for you Bitcoin is more well known than you think and more news just continues to keep it fresh in people's heads. Now if we can just continue to grow the economy of Bitcoin and stop worrying so damn much about trading it then and only then will it become widely used, adopted, and we will see numbers that everyone here dreams of.

Yes it is.

Omg, please tell me it is. Please.

is that Mr.Supernode? 

Where's Rpietila the bitcoin baron wall demolisher when you need him?

Observations??
http://bitcoinity.org/markets/btce/USD?theme=dark

This guy cant be wrong, right ?

The upper wall keeps moving back any time the price gets near, bottom wall has not been tested yet afaik.

+1

The truth is that US influence is actually on the wane worldwide and indeed the great potential of Bitcoin may be realized in yet undeveloped countries where currency systems simply don't work and regulation has very little impact. To give a crude example, the US has considerable regulation on small arms, but that doesn't stop Africa from being absolutely swamped in weapons. The same goes for traffic regulations. Lots in America hardly any in some other billion-person markets.

Regulation is a localized thing. If people want to get serious about skirting US regulation, they could move to Somalia and build an empire from there. It's not a silly idea. It depends on how committed and strong you are. More likely however, it will be someone local who builds the empire in the local area itself. Regulation is a good thing- in the US you need to play by the rules. But just like the US dollar is the defacto currency in many countries around the world- once you're out of America you can still do business as you like.

While overly rigid regulations are of course bearish for bitcoin, some regulations would actually be bullish. Government regulation removes uncertainty about bitcoin's legality, and provides a framework that can be relied upon by investors. Regulations can also potentially reduce risks for consumers and thereby help make bitcoin more viable for the mass-market.