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

[empowering]

Meanwhile in Greece...

Are these actually recent images , as in from today?

No.

http://www.theblaze.com/wp-content/uploads/2011/02/Greece-crisis.jpg

Good.

History repeats itself

https://en.wikipedia.org/wiki/Greek_government-debt_crisis

Yeah I have no doubt we could see a repeat of the same scenes (that is why I asked)

[tarmi]

soon bitcoiners are going to realize that going bankrupt for a country is no big deal.

I would be worried to see zee germans going bankrupt. that never ends well.

[empowering]

soon bitcoiners are going to realize that going bankrupt for a country is no big deal.

I would be worried to see zee germans going bankrupt. that never ends well.

Bitcoiners are the only ones concerned about Greece?  really? someone should tell everyone else then.

[Mrpumperitis]

im not a religous person but i did find this a very interesting read  ,
 
sept 13th 2015 Many are concerned about this date because we have seen giant stock market crashes on the last day of the previous two Shemitah cycles.

On September 17th, 2001 (which was Elul 29 on the Biblical calendar), we witnessed the greatest one day stock market crash in U.S. history up until that time.  The Dow plummeted 684 points, and it was a record that held for exactly seven years until the end of the next Shemitah cycle.

On September 29th, 2008 (which was also Elul 29 on the Biblical calendar), the Dow fell by an astounding 777 points, which still today remains the greatest one day stock market crash of all time.

Now we are approaching the end of another Shemitah year.  So will the stock market crash on September 13th, 2015?  Well, no, because that day is a Sunday.  So I guarantee that the stock market will not crash on that particular day.  But as Jonathan Cahn has pointed out in his book on the Shemitah, sometimes stock market crashes happen just before the end of the Shemitah year and sometimes they happen within just a few weeks after the end of the Shemitah.  So we are not just looking at one particular date.

http://theeconomiccollapseblog.com/archives/shemitah-biblical-pattern-indicates-financial-collapse-may-coming-2015

[SheHadMANHands]

Seems Bitfinex just ate that ~700 btc dump, no sweat.

[BlindMayorBitcorn]

soon bitcoiners are going to realize that going bankrupt for a country is no big deal.

I would be worried to see zee germans going bankrupt. that never ends well.

Just don't mention the war

[ChartBuddy]

Coin
Explanation

[Mrpumperitis]

soon bitcoiners are going to realize that going bankrupt for a country is no big deal.

I would be worried to see zee germans going bankrupt. that never ends well.

Just don't mention the war

 Its already happening with media now reporting greece owes the money to euro countries (58 bill to germany ,30 bill italy etc) very soon these countries will turn on their citizens and ask them to suffer more austerity. Obviously greece and others cant pay so they will be asset stripped. Germany will suffer sooner or later, http://demonocracy.info/infographics/eu/debt_greek/debt_greek.html

[tarmi]

soon bitcoiners are going to realize that going bankrupt for a country is no big deal.

I would be worried to see zee germans going bankrupt. that never ends well.

Just don't mention the war

 Its already happening with media now reporting greece owes the money to euro countries (58 bill to germany ,30 bill italy etc) very soon these countries will turn on their citizens and ask them to suffer more austerity. Obviously greece and others cant pay so they will be asset stripped. Germany will suffer sooner or later, http://demonocracy.info/infographics/eu/debt_greek/debt_greek.html

asset stripped? bitcoin user macsga not affected.

too bad he will not know how and where to spend them.

[elux]

I would be worried to see zee germans going bankrupt. that never ends well.

#Greece's Finance Minister signs off on a 50% reduction in debt for Germany in 1954.



https://twitter.com/ronanburtenshaw/status/615517639448895488

So, has Germany forgotten their history?

[JorgeStolfi]

Check it out. Featuring our very own Jorge Stolfi:

http://motherboard.vice.com/read/bitcoin-is-unsustainable

Bitcoin can currently handle up to 360,000 transactions per day given current limitations built into the technology, according to Jorge Stolfi, a computer science professor from Campinas University in Brazil, so there’s some headroom left before things bog down.

It would be possible to bring down the average power cost of each transaction by modifying the underlying Bitcoin protocol, but that’s no easy feat. The Bitcoin community is currently debating a big change that would mean the network could theoretically handle about 7.2 million transactions a day on a comparable level of electricity consumption, according to Stolfi. That would require a majority of the people mining Bitcoin to agree to the change, however.

They cherry picked Jorge as it suited them.... I wonder if they found him on here  

No, the reporter read some post of mine on reddit and emailed me half a dozen questions about the cost of mining and such.  I wrote a full page back.  The first paragraph is what he picked from my reply.  The second half he picked from another page-long reddit post of mine on the Block Size Schism.  Not sure whether that is what I wrote, but it was not at all bad compared to other experiences I had with reporters...

[coinableS]

Meanwhile in Greece...

That's an amazing photograph.
and to stay on topic... there's a pretty decent wall at 258 on bitfinex, but the price keeps cranking up slowly.

[BlackSpidy]

Its already happening with media now reporting greece owes the money to euro countries (58 bill to germany ,30 bill italy etc) very soon these countries will turn on their citizens and ask them to suffer more austerity. Obviously greece and others cant pay so they will be asset stripped. Germany will suffer sooner or later...

...but not us.  Ohhh no!  Because we got Bitcoin!  Yeah, that's right bitches, cry!

On a less levitouus note, Gentlemen:

Fiat economy crumbling, grizzly Greek grannies leering from urine-stenched doorways, respectable matrons servicing sailors under empty ATM machines, bicycle cops setting themselves on fire, a a ...and         ...a frickin' six-dollar pump is all we can muster?!

Ffs, Gentlemen!

We're ending the bear trend from $1170. We're barely above the log downtrend line from then. Give Bitcoin a few weeks. We will go over $300 in July.

[ChartBuddy]

Coin
Explanation

[everaja]

price near to hit 260 $ ,  is it safe now to sell bitcoins or have to wait some more time before it achieves some peaks.

[shmadz]

price near to hit 260 $ ,  is it safe now to sell bitcoins or have to wait some more time before it achieves some peaks.

Sell now! Quickly! Before these maniacs take us to the moon!

Seriously, you all need to settle down now or you'll ruin my "sideways all summer" prediction.

 

[BlindMayorBitcorn]

Gentlemen. 

Yes ?

Now is critical for Bitcoin.

[BlackSpidy]

price near to hit 260 $ ,  is it safe now to sell bitcoins or have to wait some more time before it achieves some peaks.

Sell now! Quickly! Before these maniacs take us to the moon!

Seriously, you all need to settle down now or you'll ruin my "sideways all summer" prediction.

 

Nope, we just pushed past the log downtrend line with a $4 pump. Now we're testing my "we're going $320+ then back to somewhere between $260 and $280 and slowly rise from there" prediction. So exciting.

[chopstick]

GENTLEMEN................................



Gentlemen

Greece


Bitcoin

[Sitarow]

soon bitcoiners are going to realize that going bankrupt for a country is no big deal.

I would be worried to see zee germans going bankrupt. that never ends well.

Just don't mention the war

 Its already happening with media now reporting greece owes the money to euro countries (58 bill to germany ,30 bill italy etc) very soon these countries will turn on their citizens and ask them to suffer more austerity. Obviously greece and others cant pay so they will be asset stripped. Germany will suffer sooner or later, http://demonocracy.info/infographics/eu/debt_greek/debt_greek.html

asset stripped? bitcoin user macsga not affected.

too bad he will not know how and where to spend them.

what good is money if their is no food/water...