Rally!!!!!

[ssmc2]

Breaking:



http://www.reuters.com/article/2015/06/29/us-greece-banks-westernunion-idUSKCN0P915J20150629

just when you need 'em most.

kinda like HFT.  plenty of liquidity when you don't need it.  none when you do.

But why? Perhaps there is an obvious reason so I would appreciate it if someone could fill me in. Surely it would be a great time to do business for WU? No?

WU still has to rely on banks behind the scenes.

[eerygarden]

Breaking:



http://www.reuters.com/article/2015/06/29/us-greece-banks-westernunion-idUSKCN0P915J20150629

just when you need 'em most.

kinda like HFT.  plenty of liquidity when you don't need it.  none when you do.

But why? Perhaps there is an obvious reason so I would appreciate it if someone could fill me in. Surely it would be a great time to do business for WU? No?

WU still has to rely on banks behind the scenes.

Do you mean if a customer came in wanting to send euros out of the country that he couldn't because of the capital controls the banks have on sending money out of the country? Ok that makes a little sense.

[ragi]

They can't have their money to buy anything. You talk about bitcoin...

[gentlemand]

They need some Hawala.

[elux]

They can't have their money to buy anything. You talk about bitcoin...

They need some Hawala.

I guess we have the answer.

Q:  What effect does Greece leaving the Euro have on bitcoin's value?

A:  None

History may find your verdict extremely premature.

This terrible situation validates the core concept of Bitcoin.

Because, Bitcoin will not shut down on Monday.

Bitcoin is money beyond the reach of politics.

Money that cannot be censored or confiscated at will.

An alternative that is always there, and just keeps going.

Under adversarial conditions. Indeed, under any conditions.

Come monday, all Greek banks will be closed.

And Bitcoin will be open for business.

On Monday, and every day, in Greece and everywhere, 24/7.

So, it falls on Greeks citizens and Greek companies to make do with any one of three options.

Cash, or barter, or Bitcoin.

And almost all Greeks will choose cash and barter, but Bitcoin will be there.

And when the world comes crashing down,

Bitcoin is the better option.

And so, the great deluge begins with a trickle.

[elux]

Unsubstantiated news boosting Bitcoin has arrived:

Greeks are rushing to Bitcoin: http://money.cnn.com/2015/06/29/technology/greece-bitcoin/

Greek crisis stokes bitcoin prices higher: http://www.cnbc.com/id/102796314

http://www.pri.org/stories/2015-06-29/bitcoin-wants-be-answer-greeces-prayers

Just like with Cyprus before the April 2013 rally, just like with China before the November 2013 rally.

Assume no connection to reality. But also: RALLY!

[eerygarden]

Unsubstantiated news boosting Bitcoin has arrived:

Greeks are rushing to Bitcoin: http://money.cnn.com/2015/06/29/technology/greece-bitcoin/

Greek crisis stokes bitcoin prices higher: http://www.cnbc.com/id/102796314

http://www.pri.org/stories/2015-06-29/bitcoin-wants-be-answer-greeces-prayers

Just like with Cyprus before the April 2013 rally, just like with China before the November 2013 rally.

Assume no connection to reality. But also: RALLY!

Get it on the telly.

That graph in the cnbc article is so underwhelming though.

[elux]

Get it on the telly.

Beautiful Jo Ling Kent talking about Bitcoin right now on Fox Business!

[Natalia_AnatolioPAMM]

They need some Hawala.

definitely

[eerygarden]

Get it on the telly.

Beautiful Jo Ling Kent talking about Bitcoin right now on Fox Business!

Sweet.

[randy8777]

This, on the other hand, has much more potential in creating an actual rally.

cheers

248$ and increasing,

we were at above 250 some day ago, i'm not satisfied at all, i'll begin to be excited when we touch 260-275 range at least

people get happy just because the price went up a few bucks. that's sad. i get excited once we're over the $300 level. any movements below $300 aren't worth waiting for.

Sad when other people are happy? Maybe you should talk to someone.

you don't understand it. don't you think it's sad when people get extremely happy when the price goes up $2 ? or some people have low standards, also a possibility.

[skeletonbit]

$256!!! Sure wish we had the blocksize debate solved right now... already we would be in $300 or more

[skeletonbit]

Breaking:



http://www.reuters.com/article/2015/06/29/us-greece-banks-westernunion-idUSKCN0P915J20150629

just when you need 'em most.

kinda like HFT.  plenty of liquidity when you don't need it.  none when you do.

But why? Perhaps there is an obvious reason so I would appreciate it if someone could fill me in. Surely it would be a great time to do business for WU? No?

Bitcoin vs Western Union: https://www.google.com/trends/explore#q=western%20union%2C%20bitcoin&geo=GR&date=now%207-d&cmpt=q&tz=Etc%2FGMT-2

[bassclef]

$256!!! Sure wish we had the blocksize debate solved right now... already we would be in $300 or more

No, price rise is due to the force of accumulation built up since the high-volume January selloff. Whales had to fill their bags which keeps the price down and sentiment bearish. This happens at every market bottom where professional buyers and traders await. Weak hands expecting a turnaround either get shaken out on drops or eventually lose hope and let go. This coils the market like a spring as the bulk of available coin supply goes into relatively few wallets, resulting in fewer coins for sale.

[elux]

http://qz.com/439748/its-official-chinas-stocks-are-now-in-a-bear-market/

[ssmc2]

http://qz.com/439748/its-official-chinas-stocks-are-now-in-a-bear-market/

What are the odds of that money moving into BTC??

[mrhelpful]

Breaking:



http://www.reuters.com/article/2015/06/29/us-greece-banks-westernunion-idUSKCN0P915J20150629

just when you need 'em most.

kinda like HFT.  plenty of liquidity when you don't need it.  none when you do.

But why? Perhaps there is an obvious reason so I would appreciate it if someone could fill me in. Surely it would be a great time to do business for WU? No?

if the whole country is in debt, and needing foreign injection, its a smart move for western union.

since thats a ton of wire transfers going in and out in a sudden outbreak when people cant access their own cash.

[Erdogan]

This, on the other hand, has much more potential in creating an actual rally.

cheers

248$ and increasing,

we were at above 250 some day ago, i'm not satisfied at all, i'll begin to be excited when we touch 260-275 range at least

people get happy just because the price went up a few bucks. that's sad. i get excited once we're over the $300 level. any movements below $300 aren't worth waiting for.

Sad when other people are happy? Maybe you should talk to someone.

you don't understand it. don't you think it's sad when people get extremely happy when the price goes up $2 ? or some people have low standards, also a possibility.

I am not that somebody, but ... just live, man!

[Erdogan]

http://qz.com/439748/its-official-chinas-stocks-are-now-in-a-bear-market/

What are the odds of that money moving into BTC??

Zero. Value, on the other hand... nah. A money crisis is needed. Make that two money crises, the first one to wake them up, just too late, the second to do the work.

[Erdogan]

Breaking:



http://www.reuters.com/article/2015/06/29/us-greece-banks-westernunion-idUSKCN0P915J20150629

just when you need 'em most.

kinda like HFT.  plenty of liquidity when you don't need it.  none when you do.

But why? Perhaps there is an obvious reason so I would appreciate it if someone could fill me in. Surely it would be a great time to do business for WU? No?

if the whole country is in debt, and needing foreign injection, its a smart move for western union.

since thats a ton of wire transfers going in and out in a sudden outbreak when people cant access their own cash.

I guess WU also need euro paper rectangles to function. just like the ATMs.