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

[JorgeStolfi]

How would someone with euros in a Cyprus bank use bitcoin to move the money to a bank outside Cyprus?

Simple, all you had to do was find someone in Cyprus with bitcoins who was willing to swap them for Cypriot bank credit. Euro IOUs were still exchangeable between Cypriot banks during the capital controls period.

That does not seem to violate capital controls...

Note that no euros, real or virtual, left Cyprus; they aonly moved between Cypriot bank accounts.  Meanwhile, some bitcoins that were out there somewhere in the ether and were owned by one Cypriot became owned by another Cypriot.  The total wealth of the Cypriots, whether measured in euros, bitcoins, or material goods, was not changed by that operation.

Or am I missing something?

[JayJuanGee]

Has anyone bothered to measure the world record for consecutive Chartbuddy postings?

I doubt that we could all agree to refrain from posting long enough to create a 24 hour chart buddy series.

[TERA]

                                           ^
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                                          \
                                           v

[windjc]

                                           ^
                                          /
                                         /
-----------------------------     
                                         \
                                          \
                                           v

more likely it's going to be

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[nanobrain]

Speaking of privacy enhanced coins, did you join the Monero train the other week, I'm sure it was you who mentioned it and I had a look. Bought a few thousand at 0.0003 and just sold a chunk at the top of a pump to 0.005 on Polinex moments ago.

Insane growth. Made up for the last 6 months of BTC prices and lack of volatility.

Yes, I am enjoying that.  Keep in mind the MRO market cap is still less than 3000 BTC.  It should surpass DRK fairly quickly, since it is so clearly superior.

Just a pity it sounds like a family car made by Ford...

[JorgeStolfi]

For whatever it is worth:

CoinDesk 2014-05-19
OKCoin and Huobi Discuss Bitcoin in China and Plans for Survival
http://www.coindesk.com/chinese-exchange-ceos-regulations-future-plans/

Quite meh, i would say.

[JorgeStolfi]

... and Brock Pierce will not step down from The Shrem Karpeles & Friends Foundation.
http://www.coindesk.com/brock-pierce-bitcoin-foundation-will-not-step-down/
That's actually good news, replacing him could only dilute the substance of the Foundation.

Of course there are only a few reasons for him to step down, and 220'000 reasons or him to hold.

[ChartBuddy]

Explanation

[JorgeStolfi]

Gigven that
   Network block mining rate: BMR = 0.00185 blocks/s (1 every 9 minutes)
   Total network hash rate: NHR = 65'000'000 GH/s [Source: blockchain.info estimate.]

We must conclude
   Expected number of hashes needed to successfully mine a block: HPB = NHR/BMR = 35'000'000'000 GH (35 quintillion hashes)

Is this right?

[KFR]

[aminorex]

Just a pity it sounds like a family car made by Ford...

It's the Esperanto word for "coin".

[RUEHL]

Huge buying on Huobi, 2770 to 2800 in a matter of minutes on monster volume.  Somebody knows something...

[_javi_]

or somebody is planning another big plunge!

[nanobrain]

Just a pity it sounds like a family car made by Ford...

It's the Esperanto word for "coin".

EDIT: you'll have to make do with the link /sigh

http://i193.photobucket.com/albums/z232/Merkurian/LeiaFacepalm.gif

[y3804]

After further research, nothing is backing up this pump. I think it's a small artificial "correction" to keep up with the slow uptrend

[derpinheimer]

After further research, nothing is backing up this pump. I think it's a small artificial "correction" to keep up with the slow uptrend

This is one of the strongest rallies so far (versus the bunches of them weve seen these past months that move up a few dollars only to drop even more in a few hours/the following day)

Good volume, nice bid support showing up quite rapidly. I think this might go $475 at the minimum

[mooncake]

Looking at just Stamp's order book, if 460 and 465 are overcome, to the moon!

[kireinaha]

Are you guys seeing this? What the hell is going on?

[derpinheimer]

Are you guys seeing this? What the hell is going on?

Volume, brotha! PRECIOUS VOLUME!!

[ChartBuddy]

Explanation