hdbuck
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Activity: 1260
Merit: 1002
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June 29, 2015, 09:25:05 AM |
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captal-controls and BTC stays more or less the same. thats kind of disappointing tbh.
It was around $240 before Greece basically walked out on negotiations. yes, a 4% rise,and thats it? i mean seriously, a euro-zone-state getting capital controls was one of the big things to look ahead. compare that to 2013 when cyprus had problems... No margin trading, futures, options etc available back then. Don't expect the old parabolas anymore but we can still reach new ATHs.. at this point it would be safe to agree that all this macro circus is already priced in, considering banskters already hooked up on bitcoin, and probably accumulating "subtly" as much as possible. so no choochoo mofos.  |
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GaliX
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June 29, 2015, 09:26:36 AM |
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captal-controls and BTC stays more or less the same. thats kind of disappointing tbh.
It was around $240 before Greece basically walked out on negotiations. yes, a 4% rise,and thats it? i mean seriously, a euro-zone-state getting capital controls was one of the big things to look ahead. compare that to 2013 when cyprus had problems... I don't understand what people expect... I mean imagine if the EU Parliaments gets wind of people avoiding capital control by using bitcoin in a bigger scale... They will make buying Bitcoin illegal asap... Despite it wouldn't effect Bitcoin itself it would make the price drop below 100$... Let bitcoin take baby steps and not let it fall and get seriously injured because we are greedy... The situation is already very heated... They will do everything to safe the euro now. |
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biggus dickus
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June 29, 2015, 09:26:50 AM |
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captal-controls and BTC stays more or less the same. thats kind of disappointing tbh.
It was around $240 before Greece basically walked out on negotiations. yes, a 4% rise,and thats it? i mean seriously, a euro-zone-state getting capital controls was one of the big things to look ahead. compare that to 2013 when cyprus had problems... The poll's wrong now though, the highest price on it is 247. I thought capital controls would lead to more buying pressure. There's an awful lot of coins in the sell walls. This time might be different because the mood was different in 2013. |
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Mickeyb
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June 29, 2015, 09:28:32 AM |
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There could be a wave of contagion if Greece exits the eurozone. I'm just watching the news & Greeks are only allowed to take out 60 euro a day. This kind of shit wouldn't happen with BTC. Selfishly the absolute best scenario for us is a collapse of multiple countries in the eurozone. I initially thought all of this wouldn't effect BTC but now I'm starting to think the worse this gets we could really prosper. We are innovators people, I'm not going to predict anything yet but this is certainly getting interesting  Greece is just a beginning. The balloon is about to burst. After Greece there will be Italy, Spain, USA and the rest. The world financial system is a big joke unfortunately, or fortunately for BTC. |
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Elwar
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Activity: 3598
Merit: 2384
Viva Ut Vivas
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June 29, 2015, 09:32:20 AM |
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captal-controls and BTC stays more or less the same. thats kind of disappointing tbh.
It was around $240 before Greece basically walked out on negotiations. yes, a 4% rise,and thats it? i mean seriously, a euro-zone-state getting capital controls was one of the big things to look ahead. compare that to 2013 when cyprus had problems... The poll's wrong now though, the highest price on it is 247. I thought capital controls would lead to more buying pressure. There's an awful lot of coins in the sell walls. This time might be different because the mood was different in 2013. In 2013 the media was just finding out about Bitcoin just as Cyprus happened. So the narrative in some of the news stories was...Cyprus is taking money from peoples' bank accounts. This could not happen with this new thing called Bitcoin. At that point people thought that everyone would start rushing to Bitcoin to keep their money safe. Not as many did as expected. But it helped to get the word out about Bitcoin. |
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ChartBuddy
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Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 29, 2015, 09:57:04 AM |
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Fatman3001
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Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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June 29, 2015, 09:58:31 AM |
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captal-controls and BTC stays more or less the same. thats kind of disappointing tbh.
It was around $240 before Greece basically walked out on negotiations. yes, a 4% rise,and thats it? i mean seriously, a euro-zone-state getting capital controls was one of the big things to look ahead. compare that to 2013 when cyprus had problems... No margin trading, futures, options etc available back then. Don't expect the old parabolas anymore but we can still reach new ATHs.. at this point it would be safe to agree that all this macro circus is already priced in, considering banskters already hooked up on bitcoin, and probably accumulating "subtly" as much as possible. so no choochoo mofos. There is no way to price something like this in. If the IMF, EU and/or Greece does something George-Bush-like stupid, there's going to be a shitstorm. |
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NUFCrichard
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Activity: 1218
Merit: 1003
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June 29, 2015, 10:06:49 AM |
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Ladies and gentleman. --- Fasten your seatbelts. --- We are about to take off in 10,9,8,...  Oh, damn it. I am not ready! Wait, wait wait,... I am not a technical analysis sort of person, but I recognise a change in trend direction, and that chart looks good to me. I think it is a bit speculative, probably based on the Greece crisis at the moment, but any upswing could get us to a new more reasonable price, then the press and masses will follow. |
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Elwar
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Activity: 3598
Merit: 2384
Viva Ut Vivas
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June 29, 2015, 10:19:21 AM |
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I am surprised that the Euro has only gone down by 1 cent over the weekend vs the dollar.
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AlexGR
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Activity: 1708
Merit: 1049
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June 29, 2015, 10:21:36 AM |
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Quoting myself from another thread: -I was trying to buy something online (costing just 2-3$) with my greek visa, and the charge was getting rejected.
-Gas stations take only cash.
-Suppliers of stuff, take only cash as they are afraid of the consequences of accepting digital payments, and with that I include bank payments (they are afraid they will not be able to withdraw it, or their money could be bailed-in / converted to drachma etc etc).
There is in a sense a fungibility issue with the euro in Greece right now. Digital euros / bank euros "suck" as they are useless to transact. Cash euro is what counts for most people, even companies.
Times like these, you *realize*, not theoretically, but by living it, that you wouldn't trade your crypto for fiat and that crypto is immensely more useful (ie you can actually transact, when with digital cash / banks / cards etc you can't).
The sense of value increases in a way that is unexpected: I wouldn't trade a single BTC even if I was offered >1000 euro in the bank in these conditions. The euros in the bank are useless.
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kevindurant
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June 29, 2015, 10:26:28 AM |
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I am surprised that the Euro has only gone down by 1 cent over the weekend vs the dollar.
Me too. Most of the people are waiting 1:1 €/$ currency this week. It hasn't effected Bitcoin price yet as well. |
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ImI
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Activity: 1946
Merit: 1019
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June 29, 2015, 10:34:04 AM |
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I am surprised that the Euro has only gone down by 1 cent over the weekend vs the dollar.
Grexit would let the Euro skyrocket. |
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Totscha
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June 29, 2015, 10:54:36 AM |
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I am surprised that the Euro has only gone down by 1 cent over the weekend vs the dollar.
I think most of the Grexit effect is already priced it... |
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ChartBuddy
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Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 29, 2015, 10:57:00 AM |
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Fatman3001
Legendary
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Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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June 29, 2015, 10:58:22 AM |
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Quoting myself from another thread: -I was trying to buy something online (costing just 2-3$) with my greek visa, and the charge was getting rejected.
-Gas stations take only cash.
-Suppliers of stuff, take only cash as they are afraid of the consequences of accepting digital payments, and with that I include bank payments (they are afraid they will not be able to withdraw it, or their money could be bailed-in / converted to drachma etc etc).
There is in a sense a fungibility issue with the euro in Greece right now. Digital euros / bank euros "suck" as they are useless to transact. Cash euro is what counts for most people, even companies.
Times like these, you *realize*, not theoretically, but by living it, that you wouldn't trade your crypto for fiat and that crypto is immensely more useful (ie you can actually transact, when with digital cash / banks / cards etc you can't).
The sense of value increases in a way that is unexpected: I wouldn't trade a single BTC even if I was offered >1000 euro in the bank in these conditions. The euros in the bank are useless.
Thanks for sharing. That really puts things into perspective. |
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coinpr0n
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June 29, 2015, 11:02:25 AM |
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Quoting myself from another thread: -I was trying to buy something online (costing just 2-3$) with my greek visa, and the charge was getting rejected.
-Gas stations take only cash.
-Suppliers of stuff, take only cash as they are afraid of the consequences of accepting digital payments, and with that I include bank payments (they are afraid they will not be able to withdraw it, or their money could be bailed-in / converted to drachma etc etc).
There is in a sense a fungibility issue with the euro in Greece right now. Digital euros / bank euros "suck" as they are useless to transact. Cash euro is what counts for most people, even companies.
Times like these, you *realize*, not theoretically, but by living it, that you wouldn't trade your crypto for fiat and that crypto is immensely more useful (ie you can actually transact, when with digital cash / banks / cards etc you can't).
The sense of value increases in a way that is unexpected: I wouldn't trade a single BTC even if I was offered >1000 euro in the bank in these conditions. The euros in the bank are useless.
Thanks for that. In Spain the government is more likely to suck up to the EU and bend over for them, but it's still a possibility we could go this way. |
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ImI
Legendary
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Activity: 1946
Merit: 1019
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June 29, 2015, 11:04:45 AM |
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Quoting myself from another thread: -I was trying to buy something online (costing just 2-3$) with my greek visa, and the charge was getting rejected.
-Gas stations take only cash.
-Suppliers of stuff, take only cash as they are afraid of the consequences of accepting digital payments, and with that I include bank payments (they are afraid they will not be able to withdraw it, or their money could be bailed-in / converted to drachma etc etc).
There is in a sense a fungibility issue with the euro in Greece right now. Digital euros / bank euros "suck" as they are useless to transact. Cash euro is what counts for most people, even companies.
Times like these, you *realize*, not theoretically, but by living it, that you wouldn't trade your crypto for fiat and that crypto is immensely more useful (ie you can actually transact, when with digital cash / banks / cards etc you can't).
The sense of value increases in a way that is unexpected: I wouldn't trade a single BTC even if I was offered >1000 euro in the bank in these conditions. The euros in the bank are useless.
Thats true, but you have to acknowledge the fact that BTC at the moment is just as useless for you as euros in your bank account. Who accepts BTC in Greece? Are you able to buy gas, food, taxi etc with BTC? Paying your rent with BTC? You see i dont wanna be overly pessimistic here but as long as nobody actually accepts it its basically as useless... |
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LFC_Bitcoin
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Activity: 3514
Merit: 9500
#1 VIP Crypto Casino
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June 29, 2015, 11:22:57 AM |
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253 now on Stamp. Will we see 260 by the end of the day? It's looking more & more likely that we've reached the bottom. The real question is when will we start a serious price rise? Have bears ran out of 'borrowed' coins to short? I'll be disappointed if we go below 240 ever again to be honest. This is a great opportunity (at this price) for people to invest in BTC. It might be the best decision you ever make.
Look at the state of the fiat banking system, imagine only being able to withdraw €60 a day of YOUR money, it's a disgrace to be honest. BTC is the future of money, make sure you don't miss this opportunity to make a better life for yourself.
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