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

[Fatman3001]

TLDR: Anyway, having lived under both neocon and socialist-Keynesian governments, I am now all for the latter, sorry.  I cannot understand how any country could believe that "austerity" is a good thing.  I would vote for Lula and Dilma again if I could.  I hope that the new Greece government can be as successful as Lula's -- in spite of not being led by a semi-illiterate mechanics worker...

I am with you. I think they did a good job.

Still I wonder, when people will realize, that there is no right or wrong. Most things are right at the right time.

A Keynesian government seems just right to increase overall living standards in emerging countries.

In the western world the main problem is not raising living standards, but over-consumption of scarce ressources.

Reading all these posts concerning Greece, I chose -on purpose- not to reply (especially to those colourful ones from BillyJoeAllen concerning his dreams of buying a Greek island that the government SHOULD sell; 'cause debt ... ).

The above comments are the essence of it all. That's what Syriza administration is looking for and they will -hopefully- manage to get it from the EU. The alternative scenario is (sadly) far worse and will cost a lot more to everybody.

Greece will just have to declare a full default and get back to 70s-80s financially - but that's EXACTLY what already happened the last 5 years with the current austerity measures; on the other hand other countries in line will probably follow "the new paradigm" and default to their own private monetary system. Bye Bye EU.

Besides, there are a couple of "good will" neighbours that will urge to "help" Greece in exchange for some space in the Aegean... Don't you love (geo)politics?

Anyway; today's the day. My bets are that they will figure it out peacefully.

Hmmm... I wonder what the outcome of today will be...  I think at best it will either be a temporary deal 4-6 months, or at worst that no deal was reached at all today and that they are back to the drawing board next week... for a more heightened and even closer to the 28th drama filled negotiations.
 

No deal will be reached today. EU is consensus driven, and they don't even agree with themselves about what they should agree on. The proposal Greece came up with was designed to provoke a no so that it would look like they had tried to be reasonable or simply to play the ball over to the germans. The germans want to be seen as the voice of reason and that the greeks are being impossible. But the greek offensive is turning the mood surprisingly efficiently.

I was wrong:

http://www.reuters.com/article/2015/02/20/us-eurozone-greece-deal-idUSKBN0LO21K20150220

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[Specular]

Greek deal is reached (apparently - though we have had many false starts). Bitcoin is flat... interesting.

[arvindr]

Greek deal is reached (apparently - though we have had many false starts). Bitcoin is flat... interesting.

I wish that happens. Would be the best thing to happen to bitcoin.

[okthen]

Greek deal is reached (apparently - though we have had many false starts). Bitcoin is flat... interesting.

It's so funny to watch. Syriza was all like "we're getting out of the Euro, blablabla".
What did they get? An extension which would have been granted to any political party who would have won.
A change of name for the Troika, so that they can brag to the Greek citizens.
Ridiculous.

[Fatman3001]

Greek deal is reached (apparently - though we have had many false starts). Bitcoin is flat... interesting.

It's so funny to watch. Syriza was all like "we're getting out of the Euro, blablabla".
What did they get? An extension which would have been granted to any political party who would have won.
A change of name for the Troika, so that they can brag to the Greek citizens.
Ridiculous.

We'll see. They only have 4 months to find a more permanent solution.

[GaliX]

60k Bitcoins moved - 26 Million days destroyed. Never seen so many days destroyed in one block before.

6 Blocks ago

--->

http://btc.blockr.io/block/info/344419


Biggest transaction in it:
26 166 coins destroyed all the days... ...... (26 531 045 Days/ 26 166 coins) = 1 014 days not moved. So almost 3 years not moved.

http://btc.blockr.io/tx/info/35591e5c7f4f1f0e4d81748042f2a4b7dcae3ae01027f361cad7c8746369bc0d

any way to find out if they hit an exchange or where they went to?

Followed the chain tree a bit back. Looks like some coins where originaly mined in 2010/2011 and have moved several times until they ended up on the Cold Store Address some when in 2012.

For example:

https://blockchain.info/de/address/1FTNSAYCYVpYZxGpdBtpFawgsuigHBL9wv

[Specular]

Greek deal is reached (apparently - though we have had many false starts). Bitcoin is flat... interesting.

It's so funny to watch. Syriza was all like "we're getting out of the Euro, blablabla".
What did they get? An extension which would have been granted to any political party who would have won.
A change of name for the Troika, so that they can brag to the Greek citizens.
Ridiculous.

I guess they capitulated when they saw how close their Banks were to complete collapse (1Billion Euro Deposit flight today). That, or they threatened their families lol.

Though this isn't over until its over. I would not be surprised if the Greeks throw a curve ball - maybe deliver some watered down version on Monday and we are back to "he said she said".

[okthen]

Greek deal is reached (apparently - though we have had many false starts). Bitcoin is flat... interesting.

It's so funny to watch. Syriza was all like "we're getting out of the Euro, blablabla".
What did they get? An extension which would have been granted to any political party who would have won.
A change of name for the Troika, so that they can brag to the Greek citizens.
Ridiculous.

We'll see. They only have 4 months to find a more permanent solution.

4 months is like nothing. They'll either get kicked out or Germany will leave the euro and send every other country to hell.

[o0‡0o]

Greek deal is reached (apparently - though we have had many false starts). Bitcoin is flat... interesting.

It's so funny to watch. Syriza was all like "we're getting out of the Euro, blablabla".
What did they get? An extension which would have been granted to any political party who would have won.
A change of name for the Troika, so that they can brag to the Greek citizens.
Ridiculous.

You can not smash the fist on the table and at the same time hold the hand open

(tell me how is it smashing a open hand on the table)

[billyjoeallen]

This is why it is so fascinating. The most logical thing for them to do is to default HARD on that debt, start from a clean slate, and we will all be vacationing in Greece next year due to the affordable prices. The Greeks are already in the worst case senario, it can't get much worse economically - the only place where it can get worse is that the Greke population may take a haircut on their savings by converting to Drachmas. If I was in charge of Greece, and I was brave enough, I'd default.

It would be nice to see a lot of countries defaulting on the grounds that their government can't be held to the debts of previous governments. Then perhaps we'd see an end to this whole government debt thing. Children should not be shouldered with the debt of their deadbeat ancestors.

That's just not gonna happen, although I agree with you it would be nice.The 2008 crises tore back the curtain and we finally got to see how the sausages were made (to mix metaphors). Governments and particularly the USG are functionally just the enforcement arms for the banks. The are the leg-breakers employed by the loan sharks. If they side against the banks, they lose their jobs.

[okthen]

Greek deal is reached (apparently - though we have had many false starts). Bitcoin is flat... interesting.

It's so funny to watch. Syriza was all like "we're getting out of the Euro, blablabla".
What did they get? An extension which would have been granted to any political party who would have won.
A change of name for the Troika, so that they can brag to the Greek citizens.
Ridiculous.

You can not smash the fist on the table and at the same time hold the hand open

(tell me how is it smashing a open hand on the table)

(Hahaha you made me smash my hand open in the table just to try, it can feel quite authoritarian too )

[ChartBuddy]

Coin
Explanation

[Fatman3001]

Greek deal is reached (apparently - though we have had many false starts). Bitcoin is flat... interesting.

It's so funny to watch. Syriza was all like "we're getting out of the Euro, blablabla".
What did they get? An extension which would have been granted to any political party who would have won.
A change of name for the Troika, so that they can brag to the Greek citizens.
Ridiculous.

We'll see. They only have 4 months to find a more permanent solution.

4 months is like nothing. They'll either get kicked out or Germany will leave the euro and send every other country to hell.

Oh no, the friendly cuddly germans. How will the world ever manage. A better idea would probably be to do what we should have done in 45; pull the borders of France, Poland and Denmark together until they meet. If only...

[o0‡0o]

Greek deal is reached (apparently - though we have had many false starts). Bitcoin is flat... interesting.

It's so funny to watch. Syriza was all like "we're getting out of the Euro, blablabla".
What did they get? An extension which would have been granted to any political party who would have won.
A change of name for the Troika, so that they can brag to the Greek citizens.
Ridiculous.

You can not smash the fist on the table and at the same time hold the hand open

(tell me how is it smashing a open hand on the table)

(Hahaha you made me smash my hand open in the table just to try, it can feel quite authoritarian too )

obviously you did not hold the hand open

[coinableS]

60k Bitcoins moved - 26 Million days destroyed. Never seen so many days destroyed in one block before.

6 Blocks ago

--->

http://btc.blockr.io/block/info/344419


Biggest transaction in it:
26 166 coins destroyed all the days... ...... (26 531 045 Days/ 26 166 coins) = 1 014 days not moved. So almost 3 years not moved.

http://btc.blockr.io/tx/info/35591e5c7f4f1f0e4d81748042f2a4b7dcae3ae01027f361cad7c8746369bc0d

any way to find out if they hit an exchange or where they went to?

Followed the chain tree a bit back. Looks like some coins where originaly mined in 2010/2011 and have moved several times until they ended up on the Cold Store Address some when in 2012.

For example:

https://blockchain.info/de/address/1FTNSAYCYVpYZxGpdBtpFawgsuigHBL9wv

USMS testing the latest batch of SR coins for auction?

[GaliX]

60k Bitcoins moved - 26 Million days destroyed. Never seen so many days destroyed in one block before.

6 Blocks ago

--->

http://btc.blockr.io/block/info/344419


Biggest transaction in it:
26 166 coins destroyed all the days... ...... (26 531 045 Days/ 26 166 coins) = 1 014 days not moved. So almost 3 years not moved.

http://btc.blockr.io/tx/info/35591e5c7f4f1f0e4d81748042f2a4b7dcae3ae01027f361cad7c8746369bc0d

any way to find out if they hit an exchange or where they went to?

Followed the chain tree a bit back. Looks like some coins where originaly mined in 2010/2011 and have moved several times until they ended up on the Cold Store Address some when in 2012.

For example:

https://blockchain.info/de/address/1FTNSAYCYVpYZxGpdBtpFawgsuigHBL9wv

USMS testing the latest batch of SR coins for auction?

have these coins not moved since 2012 ?

[Erdogan]

Greek deal is reached (apparently - though we have had many false starts). Bitcoin is flat... interesting.

It's so funny to watch. Syriza was all like "we're getting out of the Euro, blablabla".
What did they get? An extension which would have been granted to any political party who would have won.
A change of name for the Troika, so that they can brag to the Greek citizens.
Ridiculous.

They need a better meme before this is over

Troika repayment redefined
Flexible repayment
Soft repayment
Dignity deal
Prosperity swap
No greek left behind
Euro Unity Reassurance deal
Responsible Prosperity
respionsible anti austerity
Hellenic eternal enlightenment revival and inclusion treaty of the 21.century

Something.

[billyjoeallen]

Greek deal is reached (apparently - though we have had many false starts). Bitcoin is flat... interesting.

It's so funny to watch. Syriza was all like "we're getting out of the Euro, blablabla".
What did they get? An extension which would have been granted to any political party who would have won.
A change of name for the Troika, so that they can brag to the Greek citizens.
Ridiculous.

You can not smash the fist on the table and at the same time hold the hand open

(tell me how is it smashing a open hand on the table)

"I can't stand cheap people. It makes me real mad when someone says something like: Hey, when are you going to pay me that $100 you owe me? or: Do you have that $50 you borrowed? Man, quit being so cheap!"
~Jack Handy

[billyjoeallen]

Greek deal is reached (apparently - though we have had many false starts). Bitcoin is flat... interesting.

It's so funny to watch. Syriza was all like "we're getting out of the Euro, blablabla".
What did they get? An extension which would have been granted to any political party who would have won.
A change of name for the Troika, so that they can brag to the Greek citizens.
Ridiculous.

I guess they capitulated when they saw how close their Banks were to complete collapse (1Billion Euro Deposit flight today). That, or they threatened their families lol.

Though this isn't over until its over. I would not be surprised if the Greeks throw a curve ball - maybe deliver some watered down version on Monday and we are back to "he said she said".

"I don't mind broken Promises. I just think: Why did they believe me?" ~Jack Handy

I'm starting to suspect Jack was a Greek.

[600watt]

Greek deal is reached (apparently - though we have had many false starts). Bitcoin is flat... interesting.

It's so funny to watch. Syriza was all like "we're getting out of the Euro, blablabla".
What did they get? An extension which would have been granted to any political party who would have won.
A change of name for the Troika, so that they can brag to the Greek citizens.
Ridiculous.

We'll see. They only have 4 months to find a more permanent solution.

4 months is like nothing. They'll either get kicked out or Germany will leave the euro and send every other country to hell.

if germany leaves the € zone this would let to the collapse of the export industry since the new currency would revalue hard. the german export industry is untouchable, strongest lobby - for them a weak € is simply the best of all scenarios. those goods get really cheap and eliminate domnestic industries in targeted countries.  germanies trade surplusses are skyrocketing, surpassing even those of China. the currency war has started, greece is used as a strategic weappon.