Bitcoin Forum

"Stock markets around the world fell on Monday, suffering their first bout of significant contagion from the Greek crisis after 11th hour talks between the near bankrupt country and its creditors collapsed.

The losses were broad across risk assets. Major stock indexes fell sharply, as did crude oil prices, while the euro weakened against the dollar. Gold and silver rose on the day."

http://www.reuters.com/article/2015/06/15/us-markets-global-idUSKBN0OU15F20150615

China’s Stock Market Value Tops $10 Trillion for First Time

"No other stock market has grown as much in dollar terms over a 12-month period, as Chinese individuals piled into the nation’s equities using borrowed funds to bet gains will continue. Valuations are now the highest in five years and margin debt has climbed to a record, all while the economy is mired in its weakest expansion since 1990."

http://www.bloomberg.com/news/articles/2015-06-14/china-s-stock-market-value-exceeds-10-trillion-for-first-time

Will this affect cyptocurrency cryptocurrency?

No

Why ?

  :-[

Because cryptocurrency isn't relevant enough for global finance.

Oh and before somebody brings up Cyprus: Remember Neo & Bee?

I don't think there'll be much or any effect. If there is then it'll probably be negative. If your stocks fly down the toilet I can't imagine you'd feel much more cheerful about your crypto. It'll be a long time, if ever, before it attracts a 'safe haven' status.

"Oh and before somebody brings up Germany: Remember the War?" (DON'T MENTION THE WAR! (https://www.youtube.com/watch?v=yfl6Lu3xQW0))

---

Mucus, you've been trolling this here forum since 2011. Did you manage to pick some up along the way? :-* :)

I haven't got as much time on my hands any more, not a bad thing.

Since investing in btc is easier than ever it is completely realistic to expect some of those profits can find its way into btc system  ;)

Right now it doesn't need to be relevant to the whole globe, just a few million more people who have had enough of their savings seized or their fiat purchasing power diluted.

Also, I feel sorry for the Chinese retail investors. They don't realize it yet, but they are the unwitting participants in their government's attempt at a 'bail in' using their domestic stock market as the vehicle.  They will all soon be holding very heavy bags of way overvalued Chinese stock, that will begin a multi-year descent, and probably won't see a rise again for 7+ years or possibly a decade or more.

This reminds me of the war islamic state militants try to wage against the west. as they have been very successful occupying third world territories with AK47s supplied by rouge Saudi princes a single nimitz class air craft carrier can keep them at bay indefinitely.

Traders who handle gold, silver and other commodities look for these turns in the markets to build positions in them, because they are inversely correlated to some degree. These guys trade anything for a profit, even crypto. And crypto is treated as a commodity.

Falling stock prices, and anything global just gives suggestions to investors of possibe crypto investment.

But, thats if we had some traditional form passed and we have none in that area which been trying what 2-3 years now? lol.

When chinese stock market bubble burst I think the chinese will again go crazy for bitcoin.

I dont think so, the user base is still not there for btc to be useful day-to-day and make people feel safe buying it to hold for a while.  Gold and silver seem like the likely winners...

It has never nor is it ever likely to be 'useful' for Chinese people. I'm sure a fair few do use it to squeeze around capital controls where they can, but the government was awfully quick to squash any possibility of day to day utility.

I think the more concerning thing here is that governments everywhere are become more restrictive, more oppressive and less open to giving people freewill to live how they want to.  But thats a subject for another thread...

(Not that I'm an expert but ..) For the chinese mentality I don't think its about usefullness of the tech but simply best place to gamble on huge gains.

As far as the Greek situation goes, anything that involves capital controls is good for bitcoin, because bitcoin makes capital controls a thing of the past.

When the Chinese stock market bubble bursts, I imagine it will take a large proportion of any funds that could have been put into BTC with it  :-\
Some will survive, sure, but others will be totally wiped out

yup

There is still confidence in the Union ??!!
Ooops ...

I remember reading a paper in the late mid 90's procalaimng that the Euro would inevitably collapse into chaos. Seems very prescient now.

If greek really does collapse, the whole euro will shrug it off and learn to never lend a black hole.

They never grown import and exports wise, besides being a tourist destination. Its like cutting allowance to your kid who always didnt have enough for bubble gum thats .25 cent short every single day. Sooner or later you say no.

PRECIOUS-Gold retains gains near $1,185 on safe-haven bids over Greece

http://uk.reuters.com/article/2015/06/16/markets-precious-idUKL3N0Z15SC20150616

Greece is the country with the biggest risk of defaulting but there are plenty of other countries also at default risk. If Greece defaults then how long until other countries start to default in a cascade? It might result in a scenario similar to a bitcoin dump where the first dumper triggers a cascade of dumps and crashes the market.

European stock markets hit four-month lows

"Fears that Greece is on the verge of default have hit Europe’s stock markets in early trading, driving them down to their lowest levels since February."

http://www.theguardian.com/business/live/2015/jun/16/greek-crisis-negotiations-deadlocked-as-time-runs-short-live-updates

London open: UK stocks drop to five-month low ahead of CPI data

"UK stocks dropped into the red for a third straight day on Tuesday on the back of ongoing concerns about Greece, a sell-off in China and caution ahead of inflation data. "

https://uk.finance.yahoo.com/news/london-open-uk-stocks-drop-090300049.html

Hong Kong Boom-to-Bust Stocks Show Challenge of China Link

"Wild gyrations in Hong Kong share prices are raising concerns that a new trading link with mainland China is a conduit for questionable trading practices that could undermine the city's reputation as a center of global finance.

At least four companies that climbed to dizzying values in only a few months have come abruptly crashing down in the past several weeks for reasons that remain unclear.

The strange trading patterns have gripped Hong Kong's financial community with a narrative of paper fortunes built quickly and then wiped out in an even shorter time."

http://abcnews.go.com/International/wireStory/hong-kong-boom-bust-stocks-show-challenge-china-31793228

Capital controls in Greece?  :o

China shares fall as government moves to limit margin trading

http://www.lse.co.uk/AllNews.asp?code=z8alejjm&headline=UPDATE_China_shares_fall_as_government_moves_to_limit_margin_trading

Fund Managers Pile Into Cash Amid Market Volatility

"We seem to have entered an environment where cash is king and will likely be king for the foreseeable future," said Christophe Caspar, chief investment officer for Europe, the Middle East and Africa at Russell Investments, which looks after around $272 billion in funds."

http://www.nasdaq.com/article/fund-managers-pile-into-cash-amid-market-volatility-20150616-00596

Not necessary a few million people, it only takes a handful of fiat whales to deposit their stuff on Bitcoin to drive the price nuts. Unfortunately, I don't see it happening any time soon. We are still the mega pioneers, it will take a couple years more.

Bitcoin surges as Grexit worries mount, posts best run in 18 months

"Bitcoin surged by as much as 7 percent on Tuesday and was on track for its longest winning streak in 18 months, as concerns that Greece could tumble out of the euro drove speculators and Greek depositors into the decentralized digital currency.

Prime Minister Alexis Tsipras lashed out at Greece's creditors on Tuesday as he defied a string of warnings that Europe is preparing for a "Grexit". The debt-stricken country faces 1.6 billion euros ($1.8 billion) in repayments to the International Monetary Fund by the end of June."

http://www.reuters.com/article/2015/06/16/us-eurozone-greece-bitcoin-idUSKBN0OW2DS20150616?feedType=RSS&feedName=technologyNews

Weird. I would've expected a headline like that from one of the crappier straw-grasping coin 'news' sites. Is there the slightest evidence of this anywhere?

http://www.zerohedge.com/news/2015-06-16/bitcoin-spikes-greeks-follow-cyprus-template

China stock market bubble debate turns to when, not if, stocks will crash

http://business.financialpost.com/investing/china-stock-market-bubble-debate-turns-to-when-not-if-stocks-will-crash

That inspiring speech did some awesome job am I right?

Or am I right? Like greece is a prime example, when bitcoin is used when financial stress happens people need options to get out their money into btc fast to save whatevers left to exchange something better.

wasnt this waiting to happen though?

I feel like greece is a black hole for the euro, and it just keeps on getting unfed until they stop.

Greece will exit. It is the correct solution for both parties.Just a bit bizarre how they have no apparent currency in waiting.

It's about time that they left, the can has been kicked, maybe they have reached the end of the street now!
Bitcoin might get some influx from this situation, but Greece will NOT adopt bitcoin, so I wouldn't get my hopes up too much.

I will be happy if Grexit happens, short term pain instead of long term misery!

Millions of euros withdrawn from cash-strapped Greece's ATMs

"BBC's James Reynolds reports from Athens on the affect the financial crisis is having on businesses, and the increase of withdrawals from cash machines. As many as 1.5bn euros have been withdrawn in a week."

http://www.bbc.com/news/business-33192254

Greece faces banking crisis after eurozone meeting breaks down

"Some €2bn of deposits have been withdrawn from Greek banks so far this week – including a record €1bn yesterday – triggering fears that a breakdown in talks would spark a further flight of funds."

http://www.theguardian.com/world/2015/jun/18/greece-faces-banking-crisis-after-eurozone-meeting-breaks-down

Some claim that Greece will descend into madness and it will be the apocalipse unless they pay these international troika banksters back but im not sure about that.. The people of Iceland told those parasites to take a hike and it wasn't the end of the world, they are doing better now.

Also reading article in local papers online that Greece sign for Turkish stream gas pipeline.



Quote from paper.

They are holding a meeting to discuss giving the Greek banks money to stop a bank run. I think they did this during the last crisis. They will probably bailout their banks before things get much worse.

http://www.theguardian.com/business/2015/jun/19/greek-crisis-ecb-meeting-to-decide-on-emergency-funding

China stocks plunge as bubble fears grow

China's benchmark Shanghai Composite index is now in correction territory after falling 13% over the past five trading sessions, as investors grow increasingly wary of what many analysts describe as a bubble.

http://money.cnn.com/2015/06/19/investing/china-stocks-shanghai-correction/

It has begun. If that continues many stock markets in Europe and USA can be in red next week.

Gold had a good week, which could mean that smart money is already preparing for this.

Will money go into bitcoin as Chinese bubble bursts?

FUCK THE BANKS

FUCK THE IMF

THEY ARE A BUNCH OF EVIL, BLOODSUCKING LEECHES SUCKING THE LIFE OUT OF HUMANITY

THEY THREATEN TO DESTROY A COUNTRY'S ECONOMY WITH ONE HAND, WAGE A BLOODY WAR WITH THE OTHER

IMF Humiliates Greece, Repeats It Will Keep Funding Ukraine Even If It Defaults

http://www.zerohedge.com/news/2015-06-19/imf-humiliates-greece-repeats-it-will-keep-funding-ukraine-even-case-default (http://www.zerohedge.com/news/2015-06-19/imf-humiliates-greece-repeats-it-will-keep-funding-ukraine-even-case-default)

One week ago, we were stunned to learn just how low the political organization that is the mostly US-taxpayer funded IMF has stooped when, a day after its negotiators demonstratively stormed out of the Greek negotiations with "creditors",  Hermes' ambassador-at-large Christone Lagarde said that the IMF "could lend to Ukraine even if Ukraine determines it cannot service its debt."

In other words, as Greece struggles to avoid a default to the IMF on debt which was incurred just so German banks can remain solvent and dump trillions in non-performing loans to US hedge funds and Greek exposure, and which would result in the collapse in the living standards of an entire nation (only for a few years before an Iceland-recovery takes place, one which Greece would already be enjoying had it defaulted in 2010 as we said it should), and as the "criminal" IMF does everything in its power to subjugate an entire nation, or else let it founder, the IMF told Soros' BFFs over in Kiev, that no matter if they default to its private creditors (in fact please do since Russia is among them), the IMF would keep the debt spigot flowing.

Courtesy of the US taxpayer of course.

Fast forward one week when, with Greece one step closer to a full-blown financial collapse, the IMF comes out and tell Ukraine - which already passed a law allowing it to impose a debt moratorium at any moment - not to worry, that even in a default it will keep providing unlimited funds. From Reuters:

    Ukraine's efforts to strike a debt restructuring deal with its creditors will allow the International Monetary Fund to continue to support the country even if the talks are not successful, the head of the IMF said on Friday.

     

    "I ... welcome the government's continued efforts to reach a collaborative agreement with all creditors," IMF Managing Director Christine Lagarde said in a statement. "This is important since this means that the Fund will be able to continue to support Ukraine through its Lending-into-Arrears Policy even in the event that a negotiated agreement with creditors in line with the program cannot be reached in a timely manner."

We will pass comment on this latest grand IMF hypocrisy and ask if Greece would rather be in Kiev's place which at the behest of "Western" leaders, it sold, liquidated, and otherwise "lost" all of its gold. Or, like Ukraine, Athens is willing to part with its $4 billion in gold just to appease the Troika as it sells all of its 112.5 tons of official gold to unknown buyers. A transaction which would buy Greece about 3-6 months of can kicking and a few stray smiles from Chrstine Lagarde.

The consequences of Greece’s impending breakdown

"Make no mistake about the consequences of a breakdown. With an end to European support and consequent bank closures and credit problems, austerity will get far worse in Greece than it is today, and Greece will likely become a failed state, to the great detriment of all its people and their leadership. " - Lawrence Summers

"Lawrence Summers is a professor at and past president of Harvard University. He was treasury secretary from 1999 to 2001 and an economic adviser to President Obama from 2009 through 2010."

http://www.washingtonpost.com/opinions/the-consequences-of-greeces-impending-breakdown/2015/06/20/9a4ab5d8-174d-11e5-89f3-61410da94eb1_story.html

'It's time to hold physical cash,' says one of Britain's most senior fund managers

"Ian Spreadbury, who invests more than £4bn of investors’ money across a handful of bond funds for Fidelity, including the flagship Moneybuilder Income fund, is concerned that a “systemic event” could rock markets, possibly similar in magnitude to the financial crisis of 2008, which began in Britain with a run on Northern Rock."

"The best strategy to deal with this, he said, was for investors to spread their money widely into different assets, including gold and silver, as well as cash in savings accounts. But he went further, suggesting it was wise to hold some “physical cash”, an unusual suggestion from a mainstream fund manager."

http://www.telegraph.co.uk/finance/personalfinance/investing/11686199/Its-time-to-hold-physical-cash-says-one-of-Britains-most-senior-fund-managers.html

The future of the euro rests with unfortunate Greeks

"Greece owes the International Monetary Fund €1.6bn (£1.1bn) by the end of June. To pay that, the Syriza government must agree to reforms on pensions, VAT and privatization, together with surplus targets, that will release the final €7.2bn slice of cash from an earlier bail-out package. But that requires Syriza to abandon the pledges on which an increasingly febrile Greek electorate put the party in power earlier this year.

So Greece could easily join Zaire, Zimbabwe and other generally war-torn countries that have defaulted on the IMF. Access to international capital markets would then cease as the Fund began its lengthy, bureaucratic default procedures – which may or may not cause a rupture on financial markets."

http://www.telegraph.co.uk/finance/comment/11689525/The-future-of-the-euro-rests-with-unfortunate-Greeks.html

"Grexit": France could lose up to 68 billion euros

"The European Central Bank itself has a huge debt of Greece. And if it leaves the euro zone, it could not repay. So the losses of the European Central Bank would be shared between remaining members of the euro area. And the Bank of France, so the French state, this would be an additional loss of 26 billion , "he continues. " In total, France could lose up to 68 billion euros in the extreme event that Greece does not repay anything"

http://www.franceinfo.fr/actu/europe/article/une-sortie-de-la-grece-de-la-zone-euro-couterait-elle-cher-aux-contribuables-francais-695234

Wow that is a ridiculous sum of money for France to lose, incredible scenes. Forgive me for being totally ignorant but I admit I haven't been watching the news & educating myself on the sheer devastation Greece going bankrupt could cause. I shrugged off suggestions that BTC could benefit from capital controls being put into place in Greece.
What other countries will suffer huge losses as a result of Greece defaulting & leaving the eurozone?

Could BTC really benefit from the mess Greece have got themselves into? I'm not a bad person but I really do hope so to be honest, purely for selfish gains but if capital controls come in Greek people could throw all their savings into BTC, safe away from the Greek governments grasp?

Could this have even bigger ramifications, are we looking at the next massive, multi national banking crisis? Any replies are much appreciated.

http://www.reuters.com/article/2015/06/21/us-eurozone-greece-banks-exclusive-idUSKBN0P10UP20150621

Bank of Greece warned bankers of 'difficult' day if no debt deal.

According to sources in Frankfurt and Brussels, pre-orders for deposit withdrawals for Monday have already reached 1 billion euros. Customers who want to withdraw large sums from their accounts usually have to file pre-orders to ensure that banks have enough cash on hand to meet their request.

1bil€ only in pre orders... God knows how much they will withdraw from ATMs ::)

Eurozone doomed whether Greece leaves or stays, study shows

"New research demonstrates that members of the single European currency are becoming more economically divergent, making a single rate of interest increasingly unsuitable for the bloc."

"“The real political crisis will arise when Eurozone leaders are forced to confront the dilemma of the single currency’s inflexibility: integrate or disintegrate. What has happened in Greece is one example of how the situation in Europe is degenerating. No one should believe that Greece will be the only member country that struggles to remain in the Eurozone,” the report says."

http://www.telegraph.co.uk/news/worldnews/europe/11687660/Eurozone-doomed-whether-Greece-leaves-or-stays-study-shows.html?utm_source=dlvr.it&utm_medium=twitter

something similar happened with Cyprus crisis last time.

yes it COULD, but it may be only a small chance that it would benefit.  I think others were correct when they said other currencies (such as USD) will benefit more.  Although, it may only be a matter of time til people dont want anything to do with the USD either...

Reports coming in of tentative agreement to unlock more aid money (basically more debt) onto Greece.  The can has been kicked down the road for maybe a month or two.  Will the average Greek citizen now want to head back to their bank and deposit all the money they've withdrawn from ATMs over the past few weeks?

What happens at the end of summer when Greece returns back to the defacto position: too much spending, too little income, too many fat promises made to too many people, funded by the rest of Europe?

Europe chose to protect banks who lent to a gov that had no capability to pay. It stepped in and took on that lender's role and the unrepayable loans. And now they want to make it seem like loans that are impossible to repay can magically stop being what they are. When some say the debt can be paid is simply unrealistic and they are talking magic: the complete re-inventing of an entire economy of a nation and underlying culture, plus 75 years as a struggling debtor with no space for a more borrowing. That's simply not realistic.

I read something about a 6 month deal being done.

They like to draw it out to the final moments to apply pressure from both sides.

Same shit coming back in November  ::)

After two day bounce SSE Composite Index down again... 4,527.78 -162.37(3.46%).

http://finance.yahoo.com/q?s=000001.ss

Yes it's 6 more months of pretending to try to reach a consensus. I think Syriza may be waiting for other european countries for the elections and hope that similar parties get elected to make pressure to the Troika from outside Greece.

Bulgaria Fears Fallout From Greece’s Financial Troubles

“If everything is messed up in Greece, you never know what madness this could create,” said Peter Andronov, the chairman of the Association of Bulgarian Banks and the country manager in Bulgaria for a Belgian banking group, KBC."

http://www.nytimes.com/2015/06/26/world/europe/bulgaria-fears-fallout-from-greeces-financial-troubles.html?_r=0

Be careful what you wish for...and where and when.  Capital controls also have the potential to make Bitcoin a very significant target of both strategic and tactical importance.

Greece announces shock referendum on eurozone future throwing banking system into turmoil

"Ordinary Greeks rushed to withdraw cash from ATM's in the early hours of Saturday morning. Greece's Alpha Bank seemed to stop all online transactions according to its website."

http://www.telegraph.co.uk/finance/economics/11702829/Greece-to-hold-referendum-on-bailout-deal-with-Europe.html

Chinese stock markets plunge over fears share prices are unsustainable

"China’s Shanghai composite index falls more than 7% in mass sell-off after six months of frenetic buying driven by a state clampdown on property investment"

http://www.theguardian.com/business/2015/jun/26/chinese-stock-markets-plunge-over-fears-share-prices-are-unsustainable

The problem here is main driven by insecurity and uncertainty. When there is no direction on where these are heading generally investors will reduce or even withdraw completely their holdings in investment funds and place it somewhere they feel safe. There are so many things that could not be answered like will the process of exit be smooth, how it can be done, the impacts, i don't think all these have been completely thought of.

Greece Considering Closing Banks on Monday

"Greece said it may impose capital controls and keep its banks shut on Monday after creditors refused to extend the country's bailout and savers queued to withdraw cash, taking Athens' standoff with the European Union and the International Monetary Fund to a dangerous new level."

http://www.nbcnews.com/news/world/greece-considering-closing-banks-monday-n383286

Greece Imposes Capital Controls, Banks to Remain Shut

http://www.nytimes.com/aponline/2015/06/28/world/europe/ap-eu-greece-bailout.html?_r=0

Greece’s stock market also reportedly will be closed. The bank closure may extend through the July 5 referendum on Greece’s debt proposal to its international creditors, according to reports.

http://www.marketwatch.com/story/greek-banks-to-stay-closed-monday-2015-06-28

Puerto Rico’s Governor Says Island’s Debts Are ‘Not Payable’

"Hedge funds holding billions of dollars of the island’s bonds at steep discounts are frustrated that the government has not seemed willing to reach a deal to borrow more money from them."

http://www.nytimes.com/2015/06/29/business/dealbook/puerto-ricos-governor-says-islands-debts-are-not-payable.html

what we see in Greece and problems in other countries are micro versoins of what will come to America someday, and I hope that day never comes but it seems the can cannot be kicked down the road forever

In the currency market, the euro rose 0.15% against the U.S. dollar, moving to $1.1284 and recovering from an earlier low of $1.1188. The U.S. dollar index, which measures the greenback against a basket of currencies, fell 0.21%. The yen was flat against the dollar.

China stocks free fall into a bear market

"China stocks resumed their dramatic slide Monday as investors pulled out of the market despite a decision by the central bank to cut interest rates to a record low."

http://money.cnn.com/2015/06/29/investing/china-stocks-bear-market/

EUR/USD 1.10

World stock markets tumble as Greece crisis deepens

“The Greek butterfly looks set to cause a tornado in financial markets,” said Michael Hewson, chief markets analyst at CMC Markets UK. “In the process we could well also find out if this event turns out to be the equivalent of the butterfly flapping its wings in New Mexico, going on to cause a hurricane in China.”

http://www.theguardian.com/world/2015/jun/28/greece-crisis-deepens-banks-close-a-week-weekend-shook-euro

Western Union to close in Greece for rest of week

http://www.reuters.com/article/2015/06/29/us-greece-banks-westernunion-idUSKCN0P915J20150629?feedType=RSS&feedName=businessNews

This all points towards people beginning to use BTC. Are they too paranoid or dumb to make the change though? It's terrible what's happening in Greece but this problem just would not happen with BTC.
The problems in Greece now are actually making me more & more confident that the future of money is BTC.

It may be 5 years, hell it may be 20 but the fiat system is destined to fail. I just hope I'm still alive to be able to take advantage of being a 2014 adopter, it might seem late to some but if we go to the moon then it's early enough :)

Latest that I heard on local radio that in Greece tourist have opportunity to rise unlimited amount of euros. Cmon.
Greece is falling apart, they selling flats in downtown of Solun for 15K euros ?????

The world is defenceless against the next financial crisis, warns BIS

http://www.telegraph.co.uk/finance/economics/11704051/The-world-is-defenseless-against-the-next-financial-crisis-warns-BIS.html

Spanish, Italian government borrowing costs jump as Grexit fears spread

http://www.reuters.com/article/2015/06/29/markets-bonds-euro-idUSL5N0ZF1M020150629

European debt crisis: It's not just Greece that's drowning in debt

"13 EU nations saw their public debt accelerate at a faster rate than Greece’s over the period, while five have debts standing at over €1trn: Germany, Italy, the UK, France and Spain."

http://www.telegraph.co.uk/news/worldnews/europe/greece/11705720/European-debt-crisis-Its-not-just-Greece-thats-drowning-in-debt.html

When I used to say "we'll see euro and dollar parity during our lifetimes" I was told I was crazy, but it seems it will take way less than expected at this pace. Next stop: proving im not crazy by saying we'll see 5 figures if not more per BTC during our lifetimes.

BREAKING: German government official says it is now too late for an extension of the Greek bailout programme.

https://twitter.com/Reuters/status/615835100983525376

Collateral damage has been taking place since the economic collapse of the country Greece, the markets were bound to crash as investors panic looking at the conditions there. Banks are closing down, capital control is going to be initiated, its just hurtful to even hear about it...

Buy bitcoins or cry later.

With Greek Uncertainty, Investors Seek Safety in Gold and Bitcoin

http://www.wsj.com/articles/with-greek-uncertainty-investors-seek-safety-in-gold-and-even-bitcoin-1435705212

http://finance.yahoo.com/echarts?s=000001.SS+Interactive#{"range":"6mo","allowChartStacking":true}  ;D

I hope whatever you say does go down, but can you please elaborate about how you reached to your point of speculation about the bitcoin price value? I'd like to understand your perspective :)

http://www.bloomberg.com/news/articles/2015-07-02/payrolls-in-u-s-rose-in-june-with-little-change-in-wages

I observe that when Greek economy collapsed Bitcoin Rises. lol

something similar happen to Cyprus last time

China stock market is having black Friday?  :o

http://finance.yahoo.com/q?s=000001.ss (http://finance.yahoo.com/q?s=000001.ss)

http://finance.yahoo.com/q?s=^hsi (http://finance.yahoo.com/q?s=^hsi)

yeah, that is exactly how the stocks have been affected. This rising and falling of the values this time has kinda affected a little too much than the usual on stocks.

Every currency is being affected now. In our county our dollar has dropped to a low not seen since 23 years.

Panic wipes £2tn off Chinese shares

"China’s efforts this week to stem the tide of losses on its main stock market failed on Friday when the Shanghai Composite index plunged a further 5.8%, taking the drop in share values to 28% since their June peak."

http://www.theguardian.com/business/2015/jul/03/chinas-stock-market-slump-continues

HANG SENG INDEX (HSI - Hong Kong) entered the bear market according to Bloomberg  ;D

http://www.bloomberg.com/quote/HSI:IND (http://www.bloomberg.com/quote/HSI:IND)

This is quite the spectacle, almost beautiful watching the fiat based economy's value plummet to hell.

http://www.marketwatch.com/investing/index/djia/overview

I don't understand this fear.  Why did everyone all of a sudden start panic selling EVERYTHING?
Is it really so bad that Greece leaves the Euro, how does that affect anything in the U.S.?

Dont have an clue but even Asian markets are going down due to Greece.

i doesn't effect US cuz dollar is stable euro is fluctuating

Party has started! Dress code - red!  ;D
Every mayor index in Asia down! http://www.bloomberg.com/markets/stocks/world-indexes/asia-pacific

SSE Composite Index (-5.90%)
Hang Seng Index (-5.84%)
Nikkei 225 (-3.14%)
S&P/ASX 200 (-2.00%)
...

on the other hands many altcoin are up, see this http://coinmarketcap.com/, are people leaving standard market for the altcoin market? it seems so for now


i don't think it is for greece, it is because they were in a big bubble and now it simply crashe, their market were at x2 last year

Yes the stocks are falling worldwide post Greece Crisis. We see China topping the charts . Greece crisis might have a negative impact on the share market. Since the world is suffering and market needs some time for self healing.

it's a chain reaction, people want to sell before the other people sell, so in a short period the prices fall massively. just to avoid ending up with a big loss. i think that's the case in china. not so much that they fear the greece drama.

Chinese stock markets continue to nosedive as regulator warns of panic

"Main markets open sharply down as nearly 700 companies request their shares be suspended in unprecedented move"

http://www.theguardian.com/business/2015/jul/08/china-stock-markets-continue-nosedive-as-regulator-warns-of-panic

Another proof why cryptos are way better than their centralized share exchanges. You cannot suspend crypto trading!

if Chinese people start investing in bitcoin because of their stock market going to hell, then the price is going to go into another bubble this time bigger than before. and Chinese has a history of being involved in bitcoin market for some time now...

China Bans Stock Sales by Major Shareholders for Six Months

"China’s securities regulator banned major shareholders, corporate executives and directors from selling stakes in listed companies for six months, its latest effort to stop the nation’s $3.5 trillion stock-market rout."

http://www.bloomberg.com/news/articles/2015-07-08/china-bans-stock-sales-by-major-shareholders-for-six-months

End of the DOW bubble?
https://www.fxhighway.com/FullReport.aspx?ID=11270

Germany made huge profit from Greece crisis read in paper that they made around 100 mill euros man someone know how to make big money

LOL!

How on earth can you compare a 100 million € profit to a 80 billion € default!?

Switch your brain on, please!

The plan is clear. Troika is exploiting all those poor countries specially the south european ones, they will take their economies down through ridiculous austerity programs, and buy their debt at a ridiculous price with the consent of each local elites. This will be a world wide agenda of privatization of all services.

Um, what? How is the Troika buying debt? I seriously din't get what you are trying to say. Would you like to buy my debts? I guarantee you ridiculous profits. ::)

Privatising services? You mean selling state companies/land/isles to private market entities?

I dont think its just germany, but its any euro nation that was part of the lending process.

But you gotta understand, that they now gotta face the effects since the euro for sure will get damaged based on their permanent depression. You may think it doesnt effect them, but it does indirectly if greece owes a ton of money to these lending countries.

there was not default, Greece said they will pay the debts sooner or later.

it is more like 80 B at once or payments for decades and centuries totaling much more than 80 B

You can't compare personal debts to gov't debts. People buy gov't debts all the time. It's called bonds. No one will buy your personal debts because, frankly, we know you will never pay it back. Gov't debts are sold to raise money for public projects like bridges, highways, ports, etc which in turn generates revenue to pay the bond-holders. I had invested a few hundred $$$'s in US Treasury bills and they have become pretty valuable. If I had bought your personal debts, I will have lost my shirts. Do you see the difference?

Well... If I could print my own money, i surely would pay you back all of my debt.  ;)

personal debts are sold all the time, mortgages, loans, etc.  Obviously you as an individual wouldn't buy another individuals debt, but mortgages are sold all the time to other lenders.

http://www.mybanktracker.com/news/bank-sells-your-mortgage

Everyone knows Greece, neither basically any country will ever pay their debts. The debt is still increasing at faster rates than what can be paid for.