Cyprus Looking Resolved -> Time To Sell The Bitcoin Top?

[bonker]

Looks like something has been worked out in the Cypriot situation. Basically they're going to let the small guys with less than $100k off.

Problem solved, immediate crisis over.... Time to take those short term Bitcoin bubble profits ( I did )

[BCB]

watching

(but Spain is next)

And we'll still see a run in Cyprus when the banks reopen.

[carborundum]

watching

(but Spain is next)

And we'll still see a run in Cyprus when the banks reopen.

Oh yeah, absolutely. Medium term this thing is going to stagger from crisis to crisis and Bitcoin is going up up up!

[granolageek]

Looks like something has been worked out in the Cypriot situation. Basically they're going to let the small guys with less than $100k off.

Problem solved, immediate crisis over.... Time to take those short term Bitcoin bubble profits ( I did )

That's what the Germans want. The Cyprus Parliament has yet to agree.

[meanig]

One of the outcomes of this will be strict capital controls in Cyprus.

Does anyone know a good way to avoid capital controls 

[desired_username]

As some of you, I'm holding onto BTC too as the "top" is very far imho (if it doesn't fail of course, but this is only gamble and I'm prepared to lose  )

[nevafuse]

Resolved?  Maybe temporarily, but the damage has already been done.  People were under the impression their bank accounts were untouchable.  Now people all over the world are worried the same thing could happen in their country.  You can't come back from that.  Especially when other & better options now exist.

[teknetz]

Expect a run on the banks anyways when they finally do open... I dont doubt that much of that cash(if they can get it) will be put directly into bitcoin.

[BTCLuke]

We won't see much of a downside. Maybe $10 to $15 at the worst and then we'll be right back here in a week or so when Cyprus, Spain, Portugal, Italy, Greece, or Argentina pulls a similar scaremongerment again.

Hoping that will take us to $100.

[billysykes]

This hasn't been resolved yet, the government is taking the yet again delayed vote on everything today (Saturday), when the banks re-open they ar limiting capital (according to the rumors). As a long term Bitcoin user I have been barking on for the past 18 months about BTC but it has always fallen on deaf ears with the usual arguments etc, but now hopefully people will change their views.

Now its the task of getting the shops in the area to accept BTC or LTC 

[bitcoincraps]

When banks will reopen in Cyprus next week, you will see the biggest bank run ever. We talk about thousands of people that could not access their money for over a week. They will never trust a bank again. They will never trust a government again.

[Sage]

Trading on news... a dangerous proposition.

Usually the news is intentionally meant to mislead.

We'll likely see a pullback, but not because this crisis has been resolved... Not by a long-shot. 

The fundamentals that caused it are still very much in place and only going to get worse.

...The pullback will simply be because the rise was too far too fast in the last few days.

If you want to trade on news watch for Germany bringing back the Deutschmark (hear me now believe me later... it will happen).  But likely the insiders will know about it way before you do. 

[bonker]

Trading on news... a dangerous proposition.

Usually the news is intentionally meant to mislead.

We'll likely see a pullback, but not because this crisis has been resolved... Not by a long-shot. 

The fundamentals that caused it are still very much in place and only going to get worse.

...The pullback will simply be because the rise was too far too fast in the last few days.

If you want to trade on news watch for Germany bringing back the Deutschmark (hear me now believe me later... it will happen).  But likely the insiders will know about it way before you do. 

I am in insider.

[yocko06]

bitcoin always falls after a fast jump, but it also always rises up past the jump record and this becomes the new bottom price. nothing that is happening is out of the ordinary for bitcoin. you can sell before it falls and if your smart you will buy back in when it's low. This is a good way to make some easy money. What this crises brings is bitcoin awareness to the world. more users equals higher demand witch will push the price up.   

[granolageek]

I am in insider.

I've been watching since 2007. The insiders have been lying every day since then. If I believed you, that would be a long term buy signal.

[alexeft]

It is actually the time to buy in an as frantic a pace as one can!!!

Cyprus is going to agree to steal from accounts that are higher than 100000€.
It is said that the percentage will be close to 25%.


WHATSMORE, spain is haircutting deposits at 0.1% to 0.2% http://www.presseurop.eu/en/content/news-brief/3569661-spanish-banking-levy-will-collect-3bn
Some might think that it's nothing but it's a continuation on the Cypriot line....

[KSV]

Looks like something has been worked out in the Cypriot situation. Basically they're going to let the small guys with less than $100k off.

Problem solved, immediate crisis over.... Time to take those short term Bitcoin bubble profits ( I did )

good call