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

[bassclef]

European finance ministers have reached the basis of an agreement to wind down failing banks and share the costs, Eurogroup President Jeroen Dijsselbloem told CNBC following a 16-hour marathon negotiating session in Brussels.

The agreement is expected to begin with a Cyprus-style "bail-in" process in which major depositors in failing banks are tapped first in an effort to support the lender.

http://www.cnbc.com/id/101263206

No comments...

This is positive news for Bitcoin, is it not? Or are we worried about how this could impact Bitstamp?

May be similar to the Cypress bail-in news, which was fairly significant.

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[pdawg]

positive news in that if you were in BTC you wouldn't be getting tapped on the shoulder for a bail out.

[I_bitcoin]

European finance ministers have reached the basis of an agreement to wind down failing banks and share the costs, Eurogroup President Jeroen Dijsselbloem told CNBC following a 16-hour marathon negotiating session in Brussels.

The agreement is expected to begin with a Cyprus-style "bail-in" process in which major depositors in failing banks are tapped first in an effort to support the lender.

http://www.cnbc.com/id/101263206

No comments...

so hmmm do we declare capital gains before or after the bank steals our money? i'm confused.

I wonder if this also impacts funds held in the markets by customers of banks.   What it could do is drive stagnant money into the system.   It will look for homes (Bitcoin is one ).    Other homes would be gold and the stock markets/indexes etc...

[I_bitcoin]

I need it 30-40$ down more so I can put a trailing stop order and take some nap.  

How about 30 to 40 USD more?

I held it down to 850 for as long as I could... sorry

[MikeH]

This is positive news for Bitcoin, is it not? Or are we worried about how this could impact Bitstamp?

yea it's positive - it's old news that this is going to happen everywhere in the world but it might snap some mainstream news watching zombies out of their coma.

basically all G20 members agreed to bail ins.

[adamstgBit]

European finance ministers have reached the basis of an agreement to wind down failing banks and share the costs, Eurogroup President Jeroen Dijsselbloem told CNBC following a 16-hour marathon negotiating session in Brussels.

The agreement is expected to begin with a Cyprus-style "bail-in" process in which major depositors in failing banks are tapped first in an effort to support the lender.

http://www.cnbc.com/id/101263206

No comments...

so hmmm do we declare capital gains before or after the bank steals our money? i'm confused.

I wonder if this also impacts funds held in the markets by customers of banks.   What it could do is drive stagnant money into the system.   It will look for homes (Bitcoin is one ).    Other homes would be gold and the stock markets/indexes etc...

http://www.youtube.com/watch?v=yc6Hp_Zq3rU&list=PL3C264C70646796C4


the bitcoin revlation is no joke

we are taking back the power

join us!

[11ams]

positive news in that if you were in BTC you wouldn't be getting tapped on the shoulder for a bail out.

That's what I thought. It could potentially push people into looking at Bitcoin for it's store of wealth properties (although the fluctuations right now don't exactly instill confidence).

[pdawg]

This is positive news for Bitcoin, is it not? Or are we worried about how this could impact Bitstamp?

yea it's positive - old news to many that this is going to happen everywhere in the world but might snap some mainstream news watching zombies out of their coma.

Cue mass exodus into BTC in 5....... 

[Davyd05]

positive news in that if you were in BTC you wouldn't be getting tapped on the shoulder for a bail out.

That's what I thought. It could potentially push people into looking at Bitcoin for it's store of wealth properties (although the fluctuations right now don't exactly instill confidence).

discussion continue till next week atleast they can try and get verified if need be lOOOOOOOOl  don't gotta buy till they know its about to go sideways

[pdawg]

S&P 500 doesn't seems to be reacting well 

[freet0pian]

Look for support between 822 down to 764.  If we break down below that then it's pretty bearish in my book.  If we stabilize there and the start backup then the 970 area would be an area of resistance.  Judging by the recent BTC action, a bounce should be eminent.

What exchange?

[seriouscoin]

Whos actually trading on Gox now? idiots blind trading?

LOL

[sumantso]

Let's see what my next move is.... I'll hold fiat with a "lower than sell" buy order for a couple of days (yeah, I know, boring).

You say that now, but you are gonna buy back in before the day is over

Seriously, though, its a good strategy. IMO its going down now; you just have to be patient. How low? very difficult to say of course, but $700 is easy, maybe even $600, $500 if panic grips.

[adamstgBit]

European finance ministers have reached the basis of an agreement to wind down failing banks and share the costs, Eurogroup President Jeroen Dijsselbloem told CNBC following a 16-hour marathon negotiating session in Brussels.

The agreement is expected to begin with a Cyprus-style "bail-in" process in which major depositors in failing banks are tapped first in an effort to support the lender.

http://www.cnbc.com/id/101263206

No comments...

time to get mad.

[MAbtc]

Let's see what my next move is.... I'll hold fiat with a "lower than sell" buy order for a couple of days (yeah, I know, boring).

You say that now, but you are gonna buy back in before the day is over

Seriously, though, its a good strategy. IMO its going down now; you just have to be patient. How low? very difficult to say of course, but 700 is easy, maybe even 600, 500 if panic grips.

If we break the previous low, lower than 500, I'd say. But it's too early to get a good feeling. We haven't yet firmly established the downtrend.

[pdawg]

Look for support between 822 down to 764.  If we break down below that then it's pretty bearish in my book.  If we stabilize there and the start backup then the 970 area would be an area of resistance.  Judging by the recent BTC action, a bounce should be eminent.

What exchange?

Based on Gox Numbers, but all exchanges should have the same relative price action.

[humanitee]

Look for support between 822 down to 764.  If we break down below that then it's pretty bearish in my book.  If we stabilize there and the start backup then the 970 area would be an area of resistance.  Judging by the recent BTC action, a bounce should be eminent.

What exchange?

Based on Gox Numbers, but all exchanges should have the same relative price action.

Don't look to Gox man, I'm warning every bear here. This shit is gonna blow up in your face.

[adamstgBit]

* hits market buy *

[MAbtc]

Look for support between 822 down to 764.  If we break down below that then it's pretty bearish in my book.  If we stabilize there and the start backup then the 970 area would be an area of resistance.  Judging by the recent BTC action, a bounce should be eminent.

What exchange?

Based on Gox Numbers, but all exchanges should have the same relative price action.

Don't look to Gox man, I'm warning every bear here. This shit is gonna blow up in your face.

Everyone is following either China or Gox, depending on which leads at the time. As far as I can tell, anyway. And China's chart formation is nearly identical to Gox.

[Chalkbot]

* hits market buy *

*continues to hold*