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

[NotLambchop]

...
We'll know in 5-10 years if bitcoin is going to go anywhere.

The best thing about that is not having to admit how badly you've blown it for another 5-10 years.  Then you'll be old, and it wouldn't matter as much.

I'm in my late 20's now.

Then you won't be senile, and it's still gonna bite.  Oh well

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[Fatman3001]

I heard people say the same thing when Lehman/sub-prime mortgage fiasco was happening,   those same people still cannot figure out (7-8 years later) why they are working more, earning less, why their house is worth less, why their chicken and shopping costs more.

Greece does not operate in a vacuum, plus, make no mistake, Portugal, Spain, France, Italy are all looking very closely at what is happening, they also do not operate in a vacuum.

Even if there is a last minute compromise reached this week, even then, the future of Greece in the Euro is looking shaky. Elections coming up in other southern European countries soon too.

If you are in a position to be isolated and immune from the global financial situation, then bully for you, but while the world will not cave in on itself, neither will a grexit be an isolated event that effects only the Greeks.  

Yep, good post. It destroys the irrevocability of currency union. The ramifications of this will be disastrous. Greece may not be the bomb, but it will be the fuse for sure.

The glacial speed of EU decision making is going to knock us over the head again.

If they are going to let Greece go they have to take measures to prevent contagion.
If not, they have to signal some kind of path with a somewhat likely positive outcome.
This wimpering about is killing the economy before the bullet has left the barrel.

[LFC_Bitcoin]

...
We'll know in 5-10 years if bitcoin is going to go anywhere.

The best thing about that is not having to admit how badly you've blown it for another 5-10 years.  Then you'll be old, and it wouldn't matter as much.

I'm in my late 20's now.

Then you won't be senile, and it's still gonna bite.  Oh well

I'll just spend my stash on drugs at Silk Rd 9 or something

[macsga]

going long, tight stop. market feels squeezy. lol

Being Long Is Never Wrong...(TM)

[LFC_Bitcoin]

going long, tight stop. market feels squeezy. lol

Being Long Is Never Wrong...(TM)

Wondered where you'd got to

[aztecminer]

I guess the coast is clear.  I was expecting heaving dumping to take place once we landed over 240 and once the support strengthened.

whew that was a close one wasn't it ?? did you hear that everybody ?? coast is clear ......

[NotLambchop]

...
We'll know in 5-10 years if bitcoin is going to go anywhere.

The best thing about that is not having to admit how badly you've blown it for another 5-10 years.  Then you'll be old, and it wouldn't matter as much.

I'm in my late 20's now.

Then you won't be senile, and it's still gonna bite.  Oh well

I'll just spend my stash on drugs at Silk Rd 9 or something

It's my understanding that the more forward-thinking gray marketteers are opting out of Bitcoin in favor of less archaic cripto, the sort that does anonymity right.  Hope you'll be able to find some throwback still using BTC in 5-10 yrs.

[billyjoeallen]

I heard people say the same thing when Lehman/sub-prime mortgage fiasco was happening,   those same people still cannot figure out (7-8 years later) why they are working more, earning less, why their house is worth less, why their chicken and shopping costs more.

Greece does not operate in a vacuum, plus, make no mistake, Portugal, Spain, France, Italy are all looking very closely at what is happening, they also do not operate in a vacuum.

Even if there is a last minute compromise reached this week, even then, the future of Greece in the Euro is looking shaky. Elections coming up in other southern European countries soon too.

If you are in a position to be isolated and immune from the global financial situation, then bully for you, but while the world will not cave in on itself, neither will a grexit be an isolated event that effects only the Greeks.  

Yep, good post. It destroys the irrevocability of currency union. The ramifications of this will be disastrous. Greece may not be the bomb, but it will be the fuse for sure.

The problem is that Greece got in the currency Union under false pretenses. They should forfeit all national assets. They should nationalize everything they can steal and give it all to the banksters. Let Greece be the first open vassal state of the Banks. Every western country is anyway so we might as well be honest about it. Let democracy officially die first where it was born. Appoint a bankster governor, preferably some Greek sell-out. Auction off the Parthenon on eBay. I got my eye on a little Greek island I want to buy.

[inca]

It's my understanding that the more forward-thinking gray marketteers are opting out of Bitcoin in favor of less archaic cripto, the sort that does anonymity right.  Hope you'll be able to find some throwback still using BTC in 5-10 yrs.

Do you have 6800 posts in 11 months on a non-bitcoin forum for a 'less archaic cripto' coin we should be investing in?

[LFC_Bitcoin]

Forgive my ignorance but what does Greece have to do with the price of BTC?

[billyjoeallen]

I guess the coast is clear.  I was expecting heaving dumping to take place once we landed over 240 and once the support strengthened.

whew that was a close one wasn't it ?? did you hear that everybody ?? coast is clear ......

the $240 coast IS clear. The $250 coast? Well, that remains to be seen.

[NotHatinJustTrollin]

Forgive my ignorance but what does Greece have to do with the price of BTC?

Nothing.

[NotLambchop]

It's my understanding that the more forward-thinking gray marketteers are opting out of Bitcoin in favor of less archaic cripto, the sort that does anonymity right.  Hope you'll be able to find some throwback still using BTC in 5-10 yrs.

Do you have 6800 posts in 11 months on a non-bitcoin forum for a 'less archaic cripto' coin we should be investing in?

Find me one as full of paranoiac lolcows serious investors, and I'll see what I could do.

[billyjoeallen]

Forgive my ignorance but what does Greece have to do with the price of BTC?

Remember the banking crisis in Cypress? There is a possibility of a massive pump if a critical mass of Greeks use Bitcoin to evade/avoid capital controls, should capital controls be implemented.

[LewiesMan]

Forgive my ignorance but what does Greece have to do with the price of BTC?

Remember the banking crisis in Cypress? There is a possibility of a massive pump if a critical mass of Greeks use Bitcoin to evade/avoid capital controls, should capital controls be implemented.

That's what people said with the Ruble crash but nope

[Fatman3001]

The problem is that Greece got in the currency Union under false pretenses. They should forfeit all national assets. They should nationalize everything they can steal and give it all to the banksters. Let Greece be the first open vassal state of the Banks. Every western country is anyway so we might as well be honest about it. Let democracy officially die first where it was born. Appoint a bankster governor, preferably some Greek sell-out. Auction off the Parthenon on eBay. I got my eye on a little Greek island I want to buy.

If it weren't for that fact that you're an american I would think that you were being ironic.

[billyjoeallen]

Forgive my ignorance but what does Greece have to do with the price of BTC?

Remember the banking crisis in Cypress? There is a possibility of a massive pump if a critical mass of Greeks use Bitcoin to evade/avoid capital controls, should capital controls be implemented.

That's what people said with the Ruble crash but nope

There are some differences. Russia faced sanctions, which were externally-imposed capital controls and they were/are limited. It's also an economy many orders of magnitude larger and is controled by an autocratic strongman. Even so, Russia is even now experimenting with an alternative to the SWIFT system, so I'm not writing them off just yet.

[Fatman3001]

Forgive my ignorance but what does Greece have to do with the price of BTC?

Remember the banking crisis in Cypress? There is a possibility of a massive pump if a critical mass of Greeks use Bitcoin to evade/avoid capital controls, should capital controls be implemented.

That's what people said with the Ruble crash but nope

Russians are "sort of" not allowed to buy bitcoins.

[LFC_Bitcoin]

Forgive my ignorance but what does Greece have to do with the price of BTC?

Remember the banking crisis in Cypress? There is a possibility of a massive pump if a critical mass of Greeks use Bitcoin to evade/avoid capital controls, should capital controls be implemented.

That's true.

Weren't they taking peoples savings away from them?
That'd be heartbreaking.

Pump it all into BTC Greeks

[LewiesMan]

Forgive my ignorance but what does Greece have to do with the price of BTC?

Remember the banking crisis in Cypress? There is a possibility of a massive pump if a critical mass of Greeks use Bitcoin to evade/avoid capital controls, should capital controls be implemented.

That's what people said with the Ruble crash but nope

There are some differences. Russia faced sanctions, which were externally-imposed capital controls and they were/are limited. It's also an economy many orders of magnitude larger and is controls by an autocratic strongman. Even so, Russia is even now experimenting with an alternative to the SWIFT system, so I'm not writing them off just yet.

Let's hope both Russia and Greece get into it, let's make the price steady for once!