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

[dakota neat]

btcgreece has a daily limit of 250€ and a weekly limit of 1000€. they say they have thousands of costumers. source: german newspaper

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[findftp]

https://twitter.com/mashable/status/621119289622462464

You bet those mofos are stacked to the max with bitcoin.
Closing banks for a month makes sure that they end up with profit.
They aren't there for us.
They are also greedy private motherfuckers, just like we are.

[Fatman3001]

Prob a repost, but:

http://www.bbc.com/news/business-33531845

"One senior IMF official said the fund would only participate in a third bailout for Greece if EU creditors produce "a clear plan"."

Seems like this greek tragedy has some twists and bends left.

Yeah.  Check this out:

http://www.nytimes.com/2015/07/15/upshot/the-imf-is-telling-europe-the-euro-doesnt-work.html?_r=0&abt=0002&abg=0

I wonder if it is a coincidence that the french head of the IMF gives Hollande just what he needs to twist Finlands and Germanys arms.

[ErisDiscordia]

Imagine not being able to get access to YOUR money.

Trouble is once you deposit money in a bank it is no longer your money. All you own is some bank IOUs.

Lesson. Only ever put money into a bank you can afford to lose.

This is a cause worthy of the attention of our resident scam-buster Dr. Stolfi.

Putting money into bank accounts is risky, millions have been scammed already. And unlike pyramid schemes and the like they don't even promise much of a return on your risky investment.

[Andre#]

https://twitter.com/mashable/status/621119289622462464

Horrific news for the Greek public. Banks closed until mid August so that 60 euro a day withdrawal limit will stay in place then. It must be a nightmare, absolute nightmare. Imagine not being able to get access to YOUR money.

I suppose the financially clued up people would have seen this coming months ago & acted as necessary.

What i dont get: The greeks are still able to send money from Greece to Greece. So why they dont send money to BTC-exchanges and use BTC to get a grip to their funds?

I mean i here nothing about that. Obv Tsipras would immediately forbid BTC in Greece, nevertheless it would be a sign of peoples power. But they dont do it! Why?

Well, I think the answer is easy: There is no BTC Exchange in Greece. Only a few Bitcoin Atms...
+most people know nothing about Bitcoin.

Well, incorrect.

https://www.btcgreece.com/

Interestingly, at this moment (14:55 CET) you can buy there for €278.20 and sell for €270.11, compared to €264.88 and €263.55 on Kraken.

[Torque]

Right fellas. I head to Greece this weekend for 2 weeks and will give some updates in a dedicated thread here in the spec forum if people want it..

If you're not lying, then if I were you I would cancel my trip immediately.  Expect complete public unrest and total chaos to breakout there in about 2 days.  Think Arab Spring, riot-in-the-streets type chaos.

You forgot dragons spitting fire and Freddy Krueger with his new saw, cutting off heads on the streets...

Looks to me like things are heating up on the streets in Athens... it always starts this way.

http://www.nbcnews.com/video/tension-rises-in-greece-475268675897

[ChartBuddy]

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Explanation

[Elwar]

https://twitter.com/mashable/status/621119289622462464

We all need to work toward being able to drop our banks. Just chip away at those last few things that you're stuck using banks for until you can drop them completely.

I am a month away from not using my bank ever again. I will wait until the end of year just to be sure, then drop it.

Agree. When btc hits 1000$ again I will join you - leaving my job  

I'm not leaving my job, just the bank. With Bitwage I can get my paychecks in bitcoins through my direct deposit.

I considered leaving my job when the price was higher last year but I figured it would be good to keep my job as a fall back. Turns out that was a smart choice. I was able to stock up on more bitcoins when the price dropped.
But I still consider myself semi-retired. I started to travel at least once a month which is fine with a 3 day weekend here and there. And by "retired" I mean not doing what I am currently doing. I will always work but hopefully I can do something I enjoy as opposed to just making money.

[Mayer Amschel]

https://twitter.com/mashable/status/621119289622462464

We all need to work toward being able to drop our banks. Just chip away at those last few things that you're stuck using banks for until you can drop them completely.

I am a month away from not using my bank ever again. I will wait until the end of year just to be sure, then drop it.

Agree. When btc hits 1000$ again I will join you - leaving my job 

I'm not leaving my job, just the bank. With Bitwage I can get my paychecks in bitcoins through my direct deposit.

I considered leaving my job when the price was higher last year but I figured it would be good to keep my job as a fall back. Turns out that was a smart choice. I was able to stock up on more bitcoins when the price dropped.
But I still consider myself semi-retired. I started to travel at least once a month which is fine with a 3 day weekend here and there. And by "retired" I mean not doing what I am currently doing. I will always work but hopefully I can do something I enjoy as opposed to just making money.

Smart keeping your job, dont burn the bridge before crossing it.

[Richy_T]

Just popped in to say that I stand by what I said about intrinsic value. I just don't see how to continue the discussion without repeating myself so I won't. Fatman gave a concise and accurate summary of what I'm about, thank you.

[Mayer Amschel]

Right fellas. I head to Greece this weekend for 2 weeks and will give some updates in a dedicated thread here in the spec forum if people want it..

If you're not lying, then if I were you I would cancel my trip immediately.  Expect complete public unrest and total chaos to breakout there in about 2 days.  Think Arab Spring, riot-in-the-streets type chaos.

You forgot dragons spitting fire and Freddy Krueger with his new saw, cutting off heads on the streets...

Looks to me like things are heating up on the streets in Athens... it always starts this way.

http://www.nbcnews.com/video/tension-rises-in-greece-475268675897

July 2nd?

[Fatman3001]

Just popped in to say that I stand by what I said about intrinsic value. I just don't see how to continue the discussion without repeating myself so I won't. Fatman gave a concise and accurate summary of what I'm about, thank you.

Thx, glad to hear it.

[Denker]

Right fellas. I head to Greece this weekend for 2 weeks and will give some updates in a dedicated thread here in the spec forum if people want it..

If you're not lying, then if I were you I would cancel my trip immediately.  Expect complete public unrest and total chaos to breakout there in about 2 days.  Think Arab Spring, riot-in-the-streets type chaos.

You forgot dragons spitting fire and Freddy Krueger with his new saw, cutting off heads on the streets...

Looks to me like things are heating up on the streets in Athens... it always starts this way.

http://www.nbcnews.com/video/tension-rises-in-greece-475268675897

July 2nd?

Right this is old news

[ChartBuddy]

Coin
Explanation

[ErisDiscordia]

And unlike pyramid schemes and the like they don't even promise much of a return on your risky investment.

Unlike BTC, which (via numerous pimps & bagholders) promised mathematically-assured exponential gains, but delivered instead  ...what's the technical term for "huge bag of dicks"?

Here is the original white paper by Satoshi. I am having trouble finding the part where he is talking about these "mathematically-assured exponential gains"...

[Elwar]

And unlike pyramid schemes and the like they don't even promise much of a return on your risky investment.

Unlike BTC, which (via numerous pimps & bagholders) promised mathematically-assured exponential gains, but delivered instead  ...what's the technical term for "huge bag of dicks"?

Here is the original white paper by Satoshi. I am having trouble finding the part where he is talking about these "mathematically-assured exponential gains"...

You will not find such claims in the white paper, because Satoshi made no such claim.  Just like neither K. Marx or V.I. Lenin made mention of pogroms, purges or gulags, and Christ hasn't spoken of the Spanish Inquisition -- those all came LATER and, allegedly, did take place.

Satoshi is not one of the Bitcoin pimps, never was.  He has nothing to do with turning the current Bitcoin scheme ecosystem into a ponzi, having abandoned it in disgust

Please post where Satoshi said he was abandoning Bitcoin in disgust.

[Sitarow]

[ChartBuddy]

Coin
Explanation

[Sitarow]

[JimboToronto]

Good morning Bitcoinland.

Still going sideways in the $290 range I see.

How long do we wait for the next leg up? Hopefully not another week.

It's a double coffee morning but last night's rains are gone, the woods are shining and the birds are chirping. Life is good.

C'mon, somebody market buy a few thousand coins and wake this thing up.