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

[Fatman3001]

Greece introduces a cashpoint tax to try to stem capital outflow
http://www.thetimes.co.uk/tto/news/

Are these the capital controls that's supposed to make greeks look at Bitcoin?

Well, its not like the greeks really have heard of Bitcoin anyway.

Except in finance minister Yanis Varoufakis' april fools joke. Irony is a bitch!


Edit: This is brewing to be The Perfect Storm!

Cyprus was too early, Greece is probably still too early. We need another couple of years.

For a financial crisis to boost bitcoin to the moon we need:
a) bitcoiners must develop mature bitcoin ecosystem
b) governments must provide the crisis

Both sides are working hard on their respective parts

idk. a lot of well off greeks read about the finance ministers april fools joke, the same well off greeks who are looking to diversify out of fiat. It might just be a fraction of a percent who actually buys some coins, but that could still be a fairly large sum of money. 50-200 million euros flowing into Bitcoin will have a substantial effect on the current Bitcoin market. I know it's a long shot, but stranger things have happened.

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[sAt0sHiFanClub]

a) bitcoiners must develop mature bitcoin ecosystem

many bitcoiners seem to be living in trailer parks, wearing wal-mart clothes and drinking malt liquor while watching 6 screens of bitcoinwisdom feeds, waiting for the moment when it hits 32,000 and they can by a trans am convertible.

Develop mature ecosystem you say?  Ha!    They be waiting for the next Messiah. (Nasdaq Sweden, in Two Weeks^tm I believe)

[Wary]

Well, there's a Greek saying that goes like this:

"Among the funny things, pretty serious things are spoken"

Except you don't believe in "conspiracy theories"... Here's a nice one for you then.

If you ask me, yes; I believe that Greece should be the 1st one to incorporate BTC as a second currency. This way Gresham's law will take over and the debt will be eliminated (BTC=Non inflationary, EUR=inflationary). One after another the other -in debt- countries will follow... EU will be the 1st continent to test the new digital currency as it was the 1st one to test the EURO.

Too crazy to be real?

Remember: Fantasy has limits; Reality has not.

Generally, it's bad idea for a state to switch from fiat to bitcoin: they wouldn't be able to print money anymore. While printing money is important (and sometimes even major) part of their income. All states prefer fiat to bitcoin. However, a state-traitor that adopts bitcoin first, would reap huge benefits of it's to-the-moon rise. IMO, the time for it has not come yet, but in a year or two ...

[BlindMayorBitcorn]

Fatman Y U still think Imma troll? Y?

If a Bitcoiner pricks me do I not BLEEED?
If price tanks do I not but DOOOM with U my brother?

Bitcoin is good, Bitcoin is great. GOOOOOOO Bitcoins!!!

[Fatman3001]

Greece introduces a cashpoint tax to try to stem capital outflow
http://www.thetimes.co.uk/tto/news/

Are these the capital controls that's supposed to make greeks look at Bitcoin?

Well, its not like the greeks really have heard of Bitcoin anyway.

Except in finance minister Yanis Varoufakis' april fools joke. Irony is a bitch!


Edit: This is brewing to be The Perfect Storm!

Cyprus was too early, Greece is probably still too early. We need another couple of years.

For a financial crisis to boost bitcoin to the moon we need:
a) bitcoiners must develop mature bitcoin ecosystem
b) governments must provide the crisis

Both sides are working hard on their respective parts

idk. a lot of well off greeks read about the finance ministers april fools joke, the same well off greeks who are looking to diversify out of fiat. It might just be a fraction of a percent who actually buys some coins, but that could still be a fairly large sum of money. 50-200 million euros flowing into Bitcoin will have a substantial effect on the current Bitcoin market. I know it's a long shot, but stranger things have happened.

Fatman Y U still think Imma troll? Y?

Coo coo ca choo

[Wary]

Greece introduces a cashpoint tax to try to stem capital outflow
http://www.thetimes.co.uk/tto/news/

Are these the capital controls that's supposed to make greeks look at Bitcoin?

Well, its not like the greeks really have heard of Bitcoin anyway.

Except in finance minister Yanis Varoufakis' april fools joke. Irony is a bitch!


Edit: This is brewing to be The Perfect Storm!

Cyprus was too early, Greece is probably still too early. We need another couple of years.

For a financial crisis to boost bitcoin to the moon we need:
a) bitcoiners must develop mature bitcoin ecosystem
b) governments must provide the crisis

Both sides are working hard on their respective parts

idk. a lot of well off greeks read about the finance ministers april fools joke, the same well off greeks who are looking to diversify out of fiat. It might just be a fraction of a percent who actually buys some coins, but that could still be a fairly large sum of money. 50-200 million euros flowing into Bitcoin will have a substantial effect on the current Bitcoin market. I know it's a long shot, but stranger things have happened.

After such long, unexpected and exhausting bear stretch I'm just afraid to be an optimist.

[Fatman3001]

Greece introduces a cashpoint tax to try to stem capital outflow
http://www.thetimes.co.uk/tto/news/

Are these the capital controls that's supposed to make greeks look at Bitcoin?

Well, its not like the greeks really have heard of Bitcoin anyway.

Except in finance minister Yanis Varoufakis' april fools joke. Irony is a bitch!


Edit: This is brewing to be The Perfect Storm!

Cyprus was too early, Greece is probably still too early. We need another couple of years.

For a financial crisis to boost bitcoin to the moon we need:
a) bitcoiners must develop mature bitcoin ecosystem
b) governments must provide the crisis

Both sides are working hard on their respective parts

idk. a lot of well off greeks read about the finance ministers april fools joke, the same well off greeks who are looking to diversify out of fiat. It might just be a fraction of a percent who actually buys some coins, but that could still be a fairly large sum of money. 50-200 million euros flowing into Bitcoin will have a substantial effect on the current Bitcoin market. I know it's a long shot, but stranger things have happened.

After such long, unexpected and exhausting bear stretch I'm just afraid to be an optimist.

Being cynical simply to avoid ridicule is the way of the coward. Rejoice and praise the rocket gifs! We are going to da blimmin  mooooon!!!!

Also, I'm a miner so I don't really have a choice.

[Wary]

After such long, unexpected and exhausting bear stretch I'm just afraid to be an optimist.

Being cynical simply to avoid ridicule is the way of the coward. Rejoice and praise the rocket gifs! We are going to da blimmin  mooooon!!!!

Also, I'm a miner so I don't really have a choice.

Granted, cynicism is just the same error as naivety, just in opposite direction. But it's not ridicule what I'm afraid of. It's making wrong bet.
As for "no choice", remember: Even if you are swallowed, you still have two exits.

[BlindMayorBitcorn]

After such long, unexpected and exhausting bear stretch I'm just afraid to be an optimist.

Being cynical simply to avoid ridicule is the way of the coward. Rejoice and praise the rocket gifs! We are going to da blimmin  mooooon!!!!

Also, I'm a miner so I don't really have a choice.

Granted, cynicism is just the same error as naivety, just in opposite direction. But it's not ridicule what I'm afraid of. It's making wrong bet.
As for "no choice", remember: Even if you are swallowed, you still have two exits.

No one is going to be churned up in the guts of anything. Stop being so negative all the time!

[ChartBuddy]

Coin
Explanation

[JayJuanGee]

After such long, unexpected and exhausting bear stretch I'm just afraid to be an optimist.

Being cynical simply to avoid ridicule is the way of the coward. Rejoice and praise the rocket gifs! We are going to da blimmin  mooooon!!!!

Also, I'm a miner so I don't really have a choice.

Granted, cynicism is just the same error as naivety, just in opposite direction. But it's not ridicule what I'm afraid of. It's making wrong bet.
As for "no choice", remember: Even if you are swallowed, you still have two exits.

No one is going to be churned up in the guts of anything. Stop being so negative all the time!

I'm NOT sure about whether the question is about being too negative or NOT...   It just seems that the reality of the matter is that we are going to need to see quite a few changes in market dynamics to reverse the bear trend.

Surely, if BTC prices were to double, then a lot of press would come to BTC, and maybe we could continue the upward price trajectory.... on the other hand, now-a-days, as compared with 18 months ago, there are a lot more market mechanisms that allow the shorting of bitcoin... and therefore, it seems that people do NOT even need to hold bitcoin in order to bet against them (or to sell them)... In that regard, seems like that there is some fractional reserve banking going on in the bitcoin world (which seems to be contrary to the public ledger and contrary to the original blockchain design of BTC). 


It seems possible that some day, bitcoin market mechanisms will be created that will recognize more value to those people who actually hold actual bitcoins.... but at this point, there seems to be too much diluting of the value of bitcoin going on which seems to be causing downward price pressures, including keeping these prices in the $200s territory for more than 4 months.

[BlindMayorBitcorn]

After such long, unexpected and exhausting bear stretch I'm just afraid to be an optimist.

Being cynical simply to avoid ridicule is the way of the coward. Rejoice and praise the rocket gifs! We are going to da blimmin  mooooon!!!!

Also, I'm a miner so I don't really have a choice.

Granted, cynicism is just the same error as naivety, just in opposite direction. But it's not ridicule what I'm afraid of. It's making wrong bet.
As for "no choice", remember: Even if you are swallowed, you still have two exits.

No one is going to be churned up in the guts of anything. Stop being so negative all the time!

I'm NOT sure about whether the question is about being too negative or NOT...   It just seems that the reality of the matter is that we are going to need to see quite a few changes in market dynamics to reverse the bear trend.

Surely, if BTC prices were to double, then a lot of press would come to BTC, and maybe we could continue the upward price trajectory.... on the other hand, now-a-days, as compared with 18 months ago, there are a lot more market mechanisms that allow the shorting of bitcoin... and therefore, it seems that people do NOT even need to hold bitcoin in order to bet against them (or to sell them)... In that regard, seems like that there is some fractional reserve banking going on in the bitcoin world (which seems to be contrary to the public ledger and contrary to the original blockchain design of BTC).  


It seems possible that some day, bitcoin market mechanisms will be created that will recognize more value to those people who actually hold actual bitcoins.... but at this point, there seems to be too much diluting of the value of bitcoin going on which seems to be causing downward price pressures, including keeping these prices in the $200s territory for more than 4 months.

This is revolution. No one promised us a rose garden.

At least it was until Wikileaks accepted Visa and Prime Dice blacklisted America...Now it's more like Pac-Man, but still: revolutionary.

[Tabata11]

another dump coming soon? look at that ask wall

[Jammalan the Prophet]

another dump coming soon? look at that ask wall

Please be more specific , that wall (size , thickness , material , texture , color , odor) on WHAT exchange?

[BlindMayorBitcorn]

another dump coming soon? look at that ask wall

Please be more specific , that wall (size , thickness , material , texture , color , odor) on WHAT exchange?

It's fashioned from the plucked brow of a fictional rock god IIRC...

[ChartBuddy]

Coin
Explanation

[BlindMayorBitcorn]

[BlindMayorBitcorn]

Is there anybody...

out there?

[BlindMayorBitcorn]

Is there anybody...

out there?

[Jammalan the Prophet]

Is there anybody...

out there?

No , it's just you , the walls , and that mysterious wall on an unknown exchange tabata11 was talking about.