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

[Sitarow]

[1715607827]

1715607827

[1715607827]

1715607827

[1715607827]

1715607827

[1715607827]

1715607827

[Norway]

Putin talking about bitcoin:
https://translate.google.com/translate?sl=auto&tl=en&js=y&prev=_t&hl=no&ie=UTF-8&u=http%3A%2F%2Ftass.ru%2Fekonomika%2F2120007&edit-text=&act=url

[tomothy]

A Greece deal has reached.

Selling is the best option for now

IMF warned that Greece needs deeper debt relief. Not over yet.

Agree; we're FAR from a "deal". A portion of SYRIZA has revolted against the austerity package and they refuse to vote for it; if that happens elections it is sooner than later. AFAIC the viability of the debt... let me say it out loud:

HA

HA

HA!

What is the overall sentiment now? It seems like Greece is between a rock and a hard place with equally foul tasting poisons. The medicine as bad as the sickness. Is there any real choice? Is it so critical to stay in the EU that they should cede island ownership and assets? My understanding is that even if Greek left the EU, the creditors would still take the gold and everything else. Cursed every which way but up as they say. Thoughts? Just wondering, thanks.  Crappy times.

Re; Putin; Very suggestive statements. Using a blockchain  for citizen identification, namecoin? to prevent ID fraud. It seems as if a cryptoeconomist has his ear. More forward thinking than I would have thought. Interesting approach in light of being plagued by various extremist groups. Interesting.

[_javi_]

Putin says "you can use bitcoin",... price drops 

[Richy_T]

Putin says "you can use bitcoin",... price drops  

Obviously...

[inca]

A Greece deal has reached.

Selling is the best option for now

IMF warned that Greece needs deeper debt relief. Not over yet.

Agree; we're FAR from a "deal". A portion of SYRIZA has revolted against the austerity package and they refuse to vote for it; if that happens elections it is sooner than later. AFAIC the viability of the debt... let me say it out loud:

HA

HA

HA!

What is the overall sentiment now? It seems like Greece is between a rock and a hard place with equally foul tasting poisons. The medicine as bad as the sickness. Is there any real choice? Is it so critical to stay in the EU that they should cede island ownership and assets? My understanding is that even if Greek left the EU, the creditors would still take the gold and everything else. Cursed every which way but up as they say. Thoughts? Just wondering, thanks.  Crappy times.

Re; Putin; Very suggestive statements. Using a blockchain  for citizen identification, namecoin? to prevent ID fraud. It seems as if a cryptoeconomist has his ear. More forward thinking than I would have thought. Interesting approach in light of being plagued by various extremist groups. Interesting.

In Greece atm. No obvious discontent among the people at all. I have seen lines at most ATM's but that is all.

This process between the eurogroup and Greece certainly is not a democratic process. A clear NO vote with 60% of population and then a week later the PM takes a deal to increase the debt further. The debt wasn't payable when it was 120bn euros, a further 250bn euros of 'bailout' made it impossible for them to service even the interest payments and therefore a further 50 bn is simply extend and pretend gone mad.

If it shows anything, it is that fiat currency and it's creation is a massive joke.

[luckygenough56]

If it shows anything, it is that fiat currency and it's creation is a massive joke.

[macsga]

A Greece deal has reached.

Selling is the best option for now

IMF warned that Greece needs deeper debt relief. Not over yet.

Agree; we're FAR from a "deal". A portion of SYRIZA has revolted against the austerity package and they refuse to vote for it; if that happens elections it is sooner than later. AFAIC the viability of the debt... let me say it out loud:

HA

HA

HA!

What is the overall sentiment now? It seems like Greece is between a rock and a hard place with equally foul tasting poisons. The medicine as bad as the sickness. Is there any real choice? Is it so critical to stay in the EU that they should cede island ownership and assets? My understanding is that even if Greek left the EU, the creditors would still take the gold and everything else. Cursed every which way but up as they say. Thoughts? Just wondering, thanks.  Crappy times.

Re; Putin; Very suggestive statements. Using a blockchain  for citizen identification, namecoin? to prevent ID fraud. It seems as if a cryptoeconomist has his ear. More forward thinking than I would have thought. Interesting approach in light of being plagued by various extremist groups. Interesting.

In Greece atm. No obvious discontent among the people at all. I have seen lines at most ATM's but that is all.

This process between the eurogroup and Greece certainly is not a democratic process. A clear NO vote with 60% of population and then a week later the PM takes a deal to increase the debt further. The debt wasn't payable when it was 120bn euros, a further 250bn euros of 'bailout' made it impossible for them to service even the interest payments and therefore a further 50 bn is simply extend and pretend gone mad.

If it shows anything, it is that fiat currency and it's creation is a massive joke.

No matter the outcome, there are certain facts that no one can deny.
For instance:

Greece must pay to the European Central Bank € 3,5 billion next Monday, but because the IMF is superior to all other lenders, Athens must return to the IMF before the payment to the ECB - which means that the Greece has to find around € 7 billion by Monday. Another amount of € 5 billion is necessary in August to cover similar bills.

About half of the € 7 billion owed by the country on Monday can be paid from the profits of Greek bonds held by the ECB, the profits promised in Athens as part of a second bailout deal in 2012. But the authorities of the eurozone struggle to find the balance of cash quickly.

I do not personally think that the money will be found.

[BrewCrewFan]

A Greece deal has reached.

Selling is the best option for now

IMF warned that Greece needs deeper debt relief. Not over yet.

Agree; we're FAR from a "deal". A portion of SYRIZA has revolted against the austerity package and they refuse to vote for it; if that happens elections it is sooner than later. AFAIC the viability of the debt... let me say it out loud:

HA

HA

HA!

What is the overall sentiment now? It seems like Greece is between a rock and a hard place with equally foul tasting poisons. The medicine as bad as the sickness. Is there any real choice? Is it so critical to stay in the EU that they should cede island ownership and assets? My understanding is that even if Greek left the EU, the creditors would still take the gold and everything else. Cursed every which way but up as they say. Thoughts? Just wondering, thanks.  Crappy times.

Re; Putin; Very suggestive statements. Using a blockchain  for citizen identification, namecoin? to prevent ID fraud. It seems as if a cryptoeconomist has his ear. More forward thinking than I would have thought. Interesting approach in light of being plagued by various extremist groups. Interesting.

In Greece atm. No obvious discontent among the people at all. I have seen lines at most ATM's but that is all.

This process between the eurogroup and Greece certainly is not a democratic process. A clear NO vote with 60% of population and then a week later the PM takes a deal to increase the debt further. The debt wasn't payable when it was 120bn euros, a further 250bn euros of 'bailout' made it impossible for them to service even the interest payments and therefore a further 50 bn is simply extend and pretend gone mad.

If it shows anything, it is that fiat currency and it's creation is a massive joke.

No matter the outcome, there are certain facts that no one can deny.
For instance:

Greece must pay to the European Central Bank € 3,5 billion next Monday, but because the IMF is superior to all other lenders, Athens must return to the IMF before the payment to the ECB - which means that the Greece has to find around € 7 billion by Monday. Another amount of € 5 billion is necessary in August to cover similar bills.

About half of the € 7 billion owed by the country on Monday can be paid from the profits of Greek bonds held by the ECB, the profits promised in Athens as part of a second bailout deal in 2012. But the authorities of the eurozone struggle to find the balance of cash quickly.

I do not personally think that the money will be found.

Found like all the other times. Sure, they can boot the can down the road again, but I can bet you shortly after this whole thing is gonna come up again and again... like a crack users... just one more fix I promise I quit after this last one... really.... I promise!

[redsn0w]

[ChartBuddy]

Coin
Explanation

[TaurusBit]

Placed my bids at an avg. of $276, let's see how it goes...

[findftp]

You are obviusly not stupid, and yes, the value is defined not by the beer in itself, but individuals, considering it, all persons are different, so there is no yardstick, it is personal, psychological, individual. Every price you see, is the value from individuals preferring, with the help of their total life experience and individual needs, one thing over another. Is this your problem, do you think that therefore, we can not group value into two distinct types, intrinsic and speculative?

Oh, we can have many groups of value. In fact, I would say that intrinsic and speculative would surely not be enough since, in my book, intrinsic value would be an empty set. Speculative is a subset of extrinsic value since one might value something not merely because one hopes to exchange it for increased value/price later.

Now, the intrinsic properties of gold might have subjective value in the common sphere. It is shiny, resists corrosion, easily malleable, heavy (dense), all that jazz. But all those are location, time and context dependent.

At this stage, I think we both see where the other is coming from so there's little point beating it to death and there are many better places to read about the arguments. Austrian economics just tends to reject the idea of intrinsic value.

https://en.wikipedia.org/wiki/Subjective_theory_of_value

For me there's only one intrinsic value and that's energy.
Everything else is derived from it.

[ChartBuddy]

Coin
Explanation

[Sitarow]

[Fatman3001]

Hi Guyz!

I've developed a more open attitude to TA. I've even tinkered a bit with it myself:



Please tell me what you think.

[Fakhoury]

Hi Guyz!

I've developed a more open attitude to TA. I've even tinkered a bit with it myself:



Please tell me what you think.

I feel how much bored you are brother 

[ChartBuddy]

Coin
Explanation

[amelen]

Bought a couple @$290. I was hoping to accumulate more below $250, but it looks like a base is forming here.

[Chef Ramsay]

HAHA, we finally got a selfie of trollypop w/ her entourage. Seriously tho, did Adam get his computer taken away by the wife again or is he on vacation? Dude is abandoning his own thread when things are starting to heat up.