Bitcoin Forum

Economy => Speculation => Topic started by: Meuh6879 on October 25, 2014, 07:57:10 PM



Title: be carefull on monday ... in 12h now, Eurozone bank publish Stress-Test !
Post by: Meuh6879 on October 25, 2014, 07:57:10 PM
 http://www.reuters.com/article/2014/10/24/us-markets-forex-idUSKCN0IC2Q420141024

and

 http://www.bloomberg.com/news/2014-10-24/ecb-set-to-fail-25-lenders-in-bank-review-draft-document-shows.html

Quote
One-hundred-and-five banks are shown passing the review, according to the draft statement. Of the lenders that failed, about 10 will still face capital shortfalls they need to plug, according to a person with knowledge of the matter, who asked not to be identified because they weren’t authorized to speak publicly. That figure is likely to change as talks continue before the final results are published Oct. 26, said the person.


 ;D Whales can make noise on sunday 11h00 GMT ... and people can make more noise on monday 7h GMT.
BANK RUN ! http://auto.img.v4.skyrock.net/6576/79016576/pics/3138743222_1_4_Tipkqx2y.gif


Title: Re: be carefull on monday ... in 12h now, Eurozone bank publish Stress-Test !
Post by: Arv1e on October 25, 2014, 08:54:46 PM
http://www.reuters.com/article/2014/10/24/us-markets-forex-idUSKCN0IC2Q420141024

and

 http://www.bloomberg.com/news/2014-10-24/ecb-set-to-fail-25-lenders-in-bank-review-draft-document-shows.html

Quote
One-hundred-and-five banks are shown passing the review, according to the draft statement. Of the lenders that failed, about 10 will still face capital shortfalls they need to plug, according to a person with knowledge of the matter, who asked not to be identified because they weren’t authorized to speak publicly. That figure is likely to change as talks continue before the final results are published Oct. 26, said the person.


 ;D Whales can make noise on sunday 11h00 GMT ... and people can make more noise on monday 7h GMT.
BANK RUN ! http://auto.img.v4.skyrock.net/6576/79016576/pics/3138743222_1_4_Tipkqx2y.gif

I would suggest that any adverse news regarding European Banks will have an inverse effect to bitcoin.


Title: Re: be carefull on monday ... in 12h now, Eurozone bank publish Stress-Test !
Post by: Newbie1022 on October 25, 2014, 09:08:09 PM
http://www.reuters.com/article/2014/10/24/us-markets-forex-idUSKCN0IC2Q420141024

and

 http://www.bloomberg.com/news/2014-10-24/ecb-set-to-fail-25-lenders-in-bank-review-draft-document-shows.html

Quote
One-hundred-and-five banks are shown passing the review, according to the draft statement. Of the lenders that failed, about 10 will still face capital shortfalls they need to plug, according to a person with knowledge of the matter, who asked not to be identified because they weren’t authorized to speak publicly. That figure is likely to change as talks continue before the final results are published Oct. 26, said the person.


 ;D Whales can make noise on sunday 11h00 GMT ... and people can make more noise on monday 7h GMT.
BANK RUN ! http://auto.img.v4.skyrock.net/6576/79016576/pics/3138743222_1_4_Tipkqx2y.gif

You'll get a $30 bounce on cultists speculating that everybody looking to avoid the risk of a bank run will turn to the "safety" of Bitcoin. Then, everybody and their f---ing mother will take out a short to dump on that idea because the Bitcoin exchanges (not necessarily Bitcoin itself, but definitely the exchanges) are all bucket shops. The price will then go to about $251... then it will bounce back to about $330, then down to $200, then up again but less to about 250 to 260... then people really just give up absent some blast out of the blue.

A commodity that only goes down, in my mind, is as useful for my purposes as one that only goes up. I'm rather enjoying this, now. I stopped listening to everybody, assume the worst (with allowances for the occasional bounce back), and am making a hobby of counting my money. I should have held more firm with my pessimism months ago.


Title: Re: be carefull on monday ... in 12h now, Eurozone bank publish Stress-Test !
Post by: unent on October 25, 2014, 11:35:16 PM
Do the banks that fail the review get bailed out by governments again? If that's the case then will the governments start printing more money and will that affect bitcoin's price.


Title: Re: be carefull on monday ... in 12h now, Eurozone bank publish Stress-Test !
Post by: Meuh6879 on October 26, 2014, 11:47:46 AM
The report available : https://www.eba.europa.eu/-/eba-publishes-2014-eu-wide-stress-test-results (PDF on the right)


Title: Re: be carefull on monday ... in 12h now, Eurozone bank publish Stress-Test !
Post by: davidorentol on October 26, 2014, 11:54:38 AM
ECB says 25 banks failed

Huge pump incoming.Cut your losses !


https://i.imgur.com/EgSrubw.jpg


Title: Re: be carefull on monday ... in 12h now, Eurozone bank publish Stress-Test !
Post by: Wandererfromthenorth on October 26, 2014, 12:45:22 PM
Thinking that this news could bring BTC to a new real rally is wishful thinking IMHO.


Title: Re: be carefull on monday ... in 12h now, Eurozone bank publish Stress-Test !
Post by: mikerbiker6 on October 26, 2014, 01:39:47 PM
Relatively more banks passed the test, so no bankrun, so bitcoin dump, omg sell now!

Jeez, what a load of BS.


Title: Re: be carefull on monday ... in 12h now, Eurozone bank publish Stress-Test !
Post by: Newbie1022 on October 26, 2014, 02:12:22 PM
There wasn't even bad news. About 12 banks that I've never heard of in my life (mind you, I am by experience U.S.-centric) have capital shortfalls that they need to patch in the coming weeks, 13 already have. Moreover, the total capital shortfall is less than it has been in previous years. Finally, as some have noted, they tested a larger number of banks this go around than in 2011. Ergo, this is largely a non-event. Not really good news, but certainly not devastating news like the headline might lead you to believe.

Regardless, who would try to remedy the risk of a bank run by buying into something that is presently being subjected to the equivalent of a bank run. These disney dollars are dead.


Title: Re: be carefull on monday ... in 12h now, Eurozone bank publish Stress-Test !
Post by: Dalmar on October 26, 2014, 02:18:56 PM
Insiders already shorted those banks that failed this test. That's the real way to profit from this news.

Bitcoin is totally irrelevant here.


Title: Re: be carefull on monday ... in 12h now, Eurozone bank publish Stress-Test !
Post by: Meuh6879 on October 26, 2014, 08:10:26 PM
ECB says 25 banks failed

Source : http://www.businessinsider.com/afp-25-eurozone-banks-fail-ecb-stress-test-2014-10

Connexe source : http://www.ecb.europa.eu/press/pr/date/2014/html/pr141026.en.html


Title: Re: be carefull on monday ... in 12h now, Eurozone bank publish Stress-Test !
Post by: superresistant on October 26, 2014, 08:11:46 PM
 
Bank run, go !


Title: Re: be carefull on monday ... in 12h now, Eurozone bank publish Stress-Test !
Post by: bigtimespaghetti on October 26, 2014, 09:49:13 PM
Are government reports like this truly indicative of anything? Surely a significant shortfall was expected anyway?


Title: Re: be carefull on monday ... in 12h now, Eurozone bank publish Stress-Test !
Post by: criptix on October 26, 2014, 11:20:52 PM
from the 25 banks you can substract 13, because they managed to increase their base capital today.

so we are talking about a possible lost of ~10 billion € right now


Title: Re: be carefull on monday ... in 12h now, Eurozone bank publish Stress-Test !
Post by: BTCfan1 on October 27, 2014, 12:29:57 AM
Thinking that this news could bring BTC to a new real rally is wishful thinking IMHO.

still, it casts bitcoin in a positive light as an alternative to the banks that failed the stress test imo