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

[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

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

There's always a way!

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[ChartBuddy]

Coin
Explanation

[NotLambchop]

Such fast-paced action.  Of latepfff!, Bitcoin reminds me of the Boston Molasses Disaster.

I mean, yeah, disaster, but also molasses...  Everything going horribly wrong ...in slow motion.

[pippo]

Greece and Russia will not go into BTC they will go in DRK.

pippo ----- Russia

[empowering]

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

Directly... at this point in time.... very little.

Indirectly... a lot.


I am not sat here with my cock in hand hoping for a financial crash in hopes of escaping capital outflows benefiting BTC, because well at this point in time I do not see it happening.

However, there is an increasing possibility no matter how the current situation pans out, that we may see capital controls put in place (not just in greece either) due to the situation in Greece.  there is a perfect storm scenario where the Greece leaves the union, and the ECB declare they will not provide temporary liquidity to cover the capital flight from greece.  In fact there is the scenario where even if it does not go that far, the billions of euros a week that are currently leaving the greek banking system, continues and accelerates, even without a grexit. Basically capital controls could be put in place, and directly at this point in time, the effect for BTC will be very little.. but, it will be yet another exhibition of capital controls, and even if the greeks are not thinking about it, others will be.

So if the Swiss unpeg was the first canary in the mine.... perhaps Greece is our second canary..

Plus also BTC does not operate in a vacuum anymore than Greece or Europe does...  as I said earlier if Greece leaves it is relevant to most, and certainly to anything to do with the economy/investments etc. I have posted on here in the past about my view of how BTC may be impacted by a (medium sized) financial crisis.

[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.

There's always a way!

There are plenty of ways, but the current elite don't like pissing off Kreml.

[LewiesMan]

Such fast-paced action.  Of latepfff!, Bitcoin reminds me of the Boston Molasses Disaster.

I mean, yeah, disaster, but also molasses...  Everything going horribly wrong ...in slow motion.

LambChop the troll strikes again.

[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 ......

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

frankly i think it is as clear as it was the day before yesterday when we were trading this same range and got dumped on back under 240 ..

[LFC_Bitcoin]

Greece and Russia will not go into BTC they will go in DRK.

pippo ----- Russia

Darkcoin lol get out of it

[LewiesMan]

Greece and Russia will not go into BTC they will go in DRK.

pippo ----- Russia

Darkcoin lol get out of it

No altcoin is worth anything..

[Erdogan]

"Evo Morales Raids Bolivia’s Pension Pots"

http://blog.panampost.com/roberto-ortiz/2015/02/17/evo-morales-raids-bolivias-pension-pots/

[LFC_Bitcoin]

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

Directly... at this point in time.... very little.

Indirectly... a lot.


I am not sat here with my cock in hand hoping for a financial crash in hopes of escaping capital outflows benefiting BTC, because well at this point in time I do not see it happening.

However, there is an increasing possibility no matter how the current situation pans out, that we may see capital controls put in place (not just in greece either) due to the situation in Greece.  there is a perfect storm scenario where the Greece leaves the union, and the ECB declare they will not provide temporary liquidity to cover the capital flight from greece.  In fact there is the scenario where even if it does not go that far, the billions of euros a week that are currently leaving the greek banking system, continues and accelerates, even without a grexit. Basically capital controls could be put in place, and directly at this point in time, the effect for BTC will be very little.. but, it will be yet another exhibition of capital controls, and even if the greeks are not thinking about it, others will be.

So if the Swiss unpeg was the first canary in the mine.... perhaps Greece is our second canary..

Plus also BTC does not operate in a vacuum anymore than Greece or Europe does...  as I said earlier if Greece leaves it it relevant to most, and certainly to anything to do with the economy/investments etc. I have posted on here in the past about my view of how BTC may be impacted by a (medium sized) financial crisis.

Interesting.

Thanks.

[LewiesMan]

"Evo Morales Raids Bolivia’s Pension Pots"

http://blog.panampost.com/roberto-ortiz/2015/02/17/evo-morales-raids-bolivias-pension-pots/

Fun read but how is it discussion related?

[explorer]

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

Directly... at this point in time.... very little.

Indirectly... a lot.


I am not sat here with my cock in hand hoping for a financial crash in hopes of escaping capital outflows benefiting BTC, because well at this point in time I do not see it happening.

However, there is an increasing possibility no matter how the current situation pans out, that we may see capital controls put in place (not just in greece either) due to the situation in Greece.  there is a perfect storm scenario where the Greece leaves the union, and the ECB declare they will not provide temporary liquidity to cover the capital flight from greece.  In fact there is the scenario where even if it does not go that far, the billions of euros a week that are currently leaving the greek banking system, continues and accelerates, even without a grexit. Basically capital controls could be put in place, and directly at this point in time, the effect for BTC will be very little.. but, it will be yet another exhibition of capital controls, and even if the greeks are not thinking about it, others will be.

So if the Swiss unpeg was the first canary in the mine.... perhaps Greece is our second canary..

Plus also BTC does not operate in a vacuum anymore than Greece or Europe does...  as I said earlier if Greece leaves it it relevant to most, and certainly to anything to do with the economy/investments etc. I have posted on here in the past about my view of how BTC may be impacted by a (medium sized) financial crisis.

Medium sized crisis.

The thing about those, is they start small, then end BIG.  We are well into medium already.  Should continue to develop into big over the next couple years.

[JorgeStolfi]

http://venturebeat.com/2015/02/19/stripe-finally-launches-support-for-bitcoin/
Stripe finally launches support for Bitcoin

Today digital payment protocol Stripe launched support for Bitcoin.  The company, which provides payment acceptance for popular services like Instacart, Kickstarter, and Shopify, has long been expected to add Bitcoin to its list of payment methods. [ ... ]

[LewiesMan]

http://venturebeat.com/2015/02/19/stripe-finally-launches-support-for-bitcoin/
Stripe finally launches support for Bitcoin

Today digital payment protocol Stripe launched support for Bitcoin.  The company, which provides payment acceptance for popular services like Instacart, Kickstarter, and Shopify, has long been expected to add Bitcoin to its list of payment methods. [ ... ]

Kickstarter + bitcoin!! Yes!

[JorgeStolfi]

Could this be the reason for the current rise?
http://blog.coinbase.com/post/111474738632/dell-expands-bitcoin-acceptance-to-uk-and-canada
EDIT: Oops, no rise?

Do you really think every little swing in this or any market can be correlated with news? Do you really think it's worthwile to try? Really?

You are right... just because there were 20 or 30 times when that happened last year, it does not mean that it will happen again. 

[Erdogan]

"Evo Morales Raids Bolivia’s Pension Pots"

http://blog.panampost.com/roberto-ortiz/2015/02/17/evo-morales-raids-bolivias-pension-pots/

Fun read but how is it discussion related?

It't about confiscation of savings. Cyprus...remember?

[LewiesMan]

Could this be the reason for the current rise?
http://blog.coinbase.com/post/111474738632/dell-expands-bitcoin-acceptance-to-uk-and-canada
EDIT: Oops, no rise?

Do you really think every little swing in this or any market can be correlated with news? Do you really think it's worthwile to try? Really?

You are right... just because there were 20 or 30 times when that happened last year, it does not mean that it will happen again. 

they were pumps & dumps

[billyjoeallen]

"Evo Morales Raids Bolivia’s Pension Pots"

http://blog.panampost.com/roberto-ortiz/2015/02/17/evo-morales-raids-bolivias-pension-pots/

Fun read but how is it discussion related?

If people start to think their pensions, savings or bank deposits aren't safe, they will obviously try to find a more secure way to hold their wealth. Bitcoin is resistant to government confiscation if properly secured.