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

[medialab101]

A separate thread has been started just to talk about the Finex staircase  

https://bitcointalk.org/index.php?topic=1093256.0;topicseen

[1715132233]

1715132233

[1715132233]

1715132233

[dHe_zHiq]

The question is: How long will the Finex-Buyer(s) withstand the price-drop on OKCoin/Stamp/etc.

I guess until he reaches his goal, that is profit. but see the next few days

[klee]

Draghi gave Greek banks money hence maybe the dump (no Grexit)

edit: http://www.newmoney.gr/palmos-oikonomias/trapezes/item/237521-se-egrigorsi-oi-trapezes-gia-na-antimetopisoun-to-kima-ekroon

[klee]

Draghi gave Greek banks money hence maybe the dump (no Grexit)

edit: http://www.newmoney.gr/palmos-oikonomias/trapezes/item/237521-se-egrigorsi-oi-trapezes-gia-na-antimetopisoun-to-kima-ekroon

http://www.ft.com/intl/fastft/347911

[Elwar]

Draghi gave Greek banks money hence maybe the dump (no Grexit)

As far as any thoughts of Greece abandoning the euro and adopting Bitcoin.

1. Greece will not default, they'll get bailed out. Any hyped news is just posturing by one side or the other for leverage.
2. Hardly anyone in Greece knows about Bitcoin. They are not a technologically advanced country where Bitcoin would be able to be of much use. Try telling the old Greek voter that they now have to use digital money backed by cryptography.

[klee]

Draghi gave Greek banks money hence maybe the dump (no Grexit)

As far as any thoughts of Greece abandoning the euro and adopting Bitcoin.

1. Greece will not default, they'll get bailed out. Any hyped news is just posturing by one side or the other for leverage.
2. Hardly anyone in Greece knows about Bitcoin. They are not a technologically advanced country where Bitcoin would be able to be of much use. Try telling the old Greek voter that they now have to use digital money backed by cryptography.

Pretty much agree.

[Sitarow]

[rebuilder]

As far as I can tell, the grexit -> BTC rally theory hinges on the idea that capital controls would immediately follow from Greece leaving the Euro behind. Doesn't make much sense to me - to escape capital controls, you'd need to get your funds out of reach of the Greek government/banking apparatus before capital controls were in place.

[ChartBuddy]

Coin
Explanation

[derpinheimer]

Time for alts to crash? 

When did they rally? Lol

[Bicmac1973]

As far as I can tell, the grexit -> BTC rally theory hinges on the idea that capital controls would immediately follow from Greece leaving the Euro behind. Doesn't make much sense to me - to escape capital controls, you'd need to get your funds out of reach of the Greek government/banking apparatus before capital controls were in place.

Not necessarily. Capital controls woul only affect bank transfers to foreign accounts and cash outs. So bitcoins could be bought in Greece to circumvent capital controls.

[hmmkay]

It's been said before. But you're delusional and living in your own bubble if you think the grexit will influence btc whatsoever.
I'm a permabull and have enough realism to take all the greek/btc talk with a ton of salt.

[Bagatell]

But you're delusional and living in your own bubble if you think the grexit will influence btc whatsoever.

You're the one in the bubble if you think capital controls anywhere will have no effect.

[ChartBuddy]

Coin
Explanation

[LFC_Bitcoin]

But you're delusional and living in your own bubble if you think the grexit will influence btc whatsoever.

You're the one in the bubble if you think capital controls anywhere will have no effect.

Agree with this, I'm a bull, very pro bitcoin. I'll admit there is literally 0 chance of Greece adopting BTC as their national currency BUT capital controls could definitely play a part in Greek people putting some or all of their fiat savings into BTC
Remember what happened with Cyprus? I don't remember the exact figure/sum but they were going to take peoples savings/money above a certain amount to save the countries economy. It was ridiculous, if that is a threat Greek people will get into BTC ASAP.

I found this from the banking crisis in Cyprus a few years ago -

• No cheques will be cashed, although cheque deposits will be allowed.

• Payments out of the country are suspended. Individuals will only be allowed to take €3,000 (£2,500) in cash on each trip out of the country.

• Unlimited use of credit cards is allowed within Cyprus, but there's a spending limit of €5,000 a month abroad.

• Import payments will be allowed when 'the relevant documents' are provided to the authorities and Cypriots can only transfer up to €10,000 a quarter for fellow citizens who are studying abroad.

• The measures will apply to all accounts, regardless of the currency used.

http://www.theguardian.com/world/2013/mar/27/cyprus-what-capital-controls-mean

(If something similar is about to be imposed on Greece I reckon we'll get a pump into BTC
 

[Elwar]

But you're delusional and living in your own bubble if you think the grexit will influence btc whatsoever.

You're the one in the bubble if you think capital controls anywhere will have no effect.

Agree with this, I'm a bull, very pro bitcoin. I'll admit there is literally 0 chance of Greece adopting BTC as their national currency BUT capital controls could definitely play a part in Greek people putting some or all of their fiat savings into BTC
Remember what happened with Cyprus? I don't remember the exact figure/sum but they were going to take peoples savings/money above a certain amount to save the countries economy. It was ridiculous, if that is a threat Greek people will get into BTC ASAP.

During Cyprus it was a perfect storm. The block reward had just halved, the US FinCen released their guidance on how the US was going to treat Bitcoin and a few rich people were starting to find out about it (Winklevoss twins, Andreeson, a few others). Cyprus helped to highlight Bitcoin's utility during that time.

Hardly anybody (see almost nobody) in Cyprus actually used Bitcoin at that point.

[ChartBuddy]

Coin
Explanation

[Ov3R]

http://www.bloomberg.com/news/articles/2015-06-18/tourists-seek-greek-hotel-safes-to-stash-cash-as-bookings-soften

They should use bitcoin 

[ChartBuddy]

Coin
Explanation

[JimboToronto]

Good morning Bitcoinland.

Still sideways around $250 I see.

Will there be any real movement before next week?

Back to the old yawn. Better make some coffee to try to stay awake.