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

[Searing]

its about time for a pump too... i cant wait to see this above 1000usd

well imho (not that it means squat)....I think BTC is either gonna pop up 100 usd and sit there for a couple months using that as the
'stable' so to speak 'real price'

or

it is gonna dump down 100 bucks (to around 150 usd) and linger there as the 'real price' so to speak

a case could be made for 150 usd in that the bubble popping would be complete imho in that last oct 18th 2013 (when i got my knc jupiter miner) it was
exactly 150 usd

I think the odds are better it going up 100 usd as the next 'this is the real price of btc at this time" plateau   ..but if I'm wrong (likely i'm always wrong)

it will dump just as hard around 100 bucks down and make that the new level on price

(bitcoin always a fun ride in either direction for the 'adrenal glands' wheeee)

 

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[arklan]

so little volume this evening. what gives? looks like whole chunks (5 minute chart) are passing without trades. (i'm looking at bitstamp on cryptowatch)

[Jammalan the Prophet]

WARRRRRRRRRRRRRRRRRRRRRRR!

Bitcoin to the mooooooon!!!!!!!!!!!!

oh wait , nevermind.

I'm just bored.

[ChartBuddy]

Coin
Explanation

[noobtrader]

its about time for a pump too... i cant wait to see this above 1000usd

well imho (not that it means squat)....I think BTC is either gonna pop up 100 usd and sit there for a couple months using that as the
'stable' so to speak 'real price'

or

it is gonna dump down 100 bucks (to around 150 usd) and linger there as the 'real price' so to speak

a case could be made for 150 usd in that the bubble popping would be complete imho in that last oct 18th 2013 (when i got my knc jupiter miner) it was
exactly 150 usd

I think the odds are better it going up 100 usd as the next 'this is the real price of btc at this time" plateau   ..but if I'm wrong (likely i'm always wrong)

it will dump just as hard around 100 bucks down and make that the new level on price

(bitcoin always a fun ride in either direction for the 'adrenal glands' wheeee)

 

or the price can just linger @ around 220 usd for years 

[hurricandave]

Try this.

https://cryptowat.ch/coinbase/btcusd

Thank you!

[macsga]

Chiming in on the Greek situation.

One of the interesting things I have learned over the last few days has been how the bailout money was actually used.

Just like in 2008, the bailouts were designed to prevent a broader financial panic involving the banks. Of the 230 billion euros that Greece received, only 11% actually stayed in Greece to finance government activity. The rest was used to pay back old bondholders (mainly Greek and European Banks) and make interest payments.

Instead of defaulting 5 years ago, the Greeks were strong-armed into a bailout designed to prevent panic. Then the crisis spread to other countries, and the EU has muddled through from one crisis to the next for 5 years. After losing 25% of GDP, a chronic unemployment rate above 26% and with debt at 170 debt/GDP ratios, the Greeks are screwed and, more importantly, they have nothing to lose. They either default and possibly leave the Euro, or they stick with the horrible depression they have been in for 5yrs.

The difference is that if they default today, German and Italian banks will not take a hit, BUT if they default (and especially if they leave the Euro), the financial and political ramifications are impossible to predict. It could be the EU's Lehman moment.

I am surprised that the Germans are letting this get so unpleasant. The amount the Greeks want is nothing compared to the strategic importance of Greece as a NATO ally. They must be seriously worried about the signal they would send to Spain and Italy if they agree to let Greece write off some debt. The political environment in Europe is turning against Germany - the real wild-card in this situation are Austerity-weary voters.

Source for the bailout stats (Martin Wolf of the FT)- http://www.ft.com/intl/cms/s/0/44c56806-a556-11e4-ad35-00144feab7de.html#axzz3RNvpcnSg

I certainly couldn't write the facts better. Congrats on delivering the truth Specular.

It's understandable that you are searching for arguments to get Germany to cut some of the debts, but the warcrime reparations payment is laughable at best. Do you even know how much Germany paid after WW1? 67,7 Billion Goldmark (~225B € with todays prices). I won't start with WW2 because it's a lot more difficult, but trust me that the damages paid were some orders of magnitude higher if calculated with current prices.

Just because Greece is nearly bancrupt does not mean you can just pull some 70 year old reparations out of your pockets in order to get by. The sad thing is, you are bancrupt even with all the help you got, Ireland etc. got the same help and are stabilized, but your country has just so much debt in the private sector - even with a cut in eu debt - you still won't be able to pay back the private creditors.

@Mota:
It's nice of you not mentioning about the German WW2 reparations, because THERE WERE NOT ANY!



Take a good look at this picture. It's from 1953 where the second man from the left is the late Konstantinos Karamanlis. This man together with the leaders of 20 countries have signed off the "biggest since the Weimar era haircut" since Germany couldn't afford to pay its debt to those countries.

Germany has the OBLIGATION to remember that its growth and prosperity is based on the graciousness of its opponents to rub 50% of its enormous debt towards them. So please take this in mind and get your (historical) facts straight before start bashing (something you enjoy as a German, since you've mentioned it yourself).

As for your current economic growth there are certain facts that it's based on other things than "hard work" only. Please read without prejudice about the most famous German companies and how they got bigger:
https://translate.google.com/translate?sl=el&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.imerodromos.gr%2Fsoible-aima%2F&edit-text=

Last but not Least:
What's not being told, is WHERE THE FUCK the funds went. I quoted Specular's post above since he was very thorough posting the absolute truth about them. I indulge you to read it again if you didn't understand it properly. So quit blaming us for our previous sins, for nobody from our politicians (yours too) is a saint.

I personally wish (as a Greek) that we don't come into an agreement. I wish Varoufakis has a pair of balls of steel (TM) to make the bold move NOT to sign with any of EU financial ministers about ANY continuance of the despicable austerity program of yours. We don't need your money, more than what you need your precious coherence within your EU economic prison. Things will be not far worse for us - we're out in the rain and wet through and through.

Some say that if we leave the EU, it will be better for you too...
Good luck with that. You're going to need it.

[ChartBuddy]

Coin
Explanation

[Fatman3001]

it's pretty loathsome behavior to hope for economic collapses -- with no regard for the lives it would destroy -- just so you can (maybe) make a few extra bucks off your BTC.

Either the Greeks suffer or all of Europe suffers. I prefer less suffering to more suffering so I don't see what's loathsome about that.

Oh spare me. Of all of you discussing it, I am confident you are the one who would give the least fucks about who suffers or how much as long as you think it will help you make a few extra bucks.

So nobody suffers under the current system, huh? I think some do.

Could the G8 come together and agree on no more money printing, no more government loaning, no more banker bailouts, no more corporate welfare, no more welfare state, no more taxpayer deposit guarantees? A soft landing? I think not.

In fact there is no option for a soft landing, and a reset sometime in the future is unavoidable. A crash would be painful, but continuing the current system, we can expect lower living standard, which mean freezing, hunger, sickness, war, AND a larger crash later.

So I think wishing for a crash as soon as possible is the most altruistic attitude.
(Not being altruistic myself, as I think it is a philosophy of death).

Do you realize that nothing you said applies to any statements you quoted from me?

My original point was about hoping for economic collapses in general, because you think it will make BTC price rise. It was not meant to be a commentary on the Greece situation, and I didn't accuse anyone in particular of anything except BJA. Judging his character by his posts that I've read, I stand by my opinion that his only interest in Greece is the possibility that he can line his pockets from the situation, but that's still not actually a commentary on the Greece situation. I'll leave the back and forth discussion of that to the resident armchair economists.

Pathetic. Your moralism is unethical. It brings death. Bring on the crash. Buy moar coins.

His "moralism" is only "unethical" in a utilitarian view where your perspective is assumed to be true. His "moralism" would be fairly in line with any Kantian or Aristotelian view, and if you are wrong it would be quite in line with most versions of consequentialism, except for, of course, the aforementioned utilitarian view.

[Wekkel]

its about time for a pump too... i cant wait to see this above 1000usd

Hard to convince everyone to do it. And seems even good news doesn't cause that phenomenon these days

More time is needed. The waiting is the hardest part.

[razorramon]

another day, another try, bears?
short whatever you can...maybe this time you can break the resistance..it's only a few coins (though it's more coins to 200 than it was yesterday)

[gkv9]

What the heck is going on with BTC? Who the hell is dumping 'em and why?

[Fatman3001]

What the heck is going on with BTC? Who the hell is dumping 'em and why?

Chinese people. They poor.

[gkv9]

What the heck is going on with BTC? Who the hell is dumping 'em and why?

Chinese people. They poor.

What's the news/rumors they are selling on? Can you let me know? Have been trying to find a lot regarding reasons behind this, but can't find any...

[cbeast]

What the heck is going on with BTC? Who the hell is dumping 'em and why?

The spring is being wound up tighter.

[gkv9]

What the heck is going on with BTC? Who the hell is dumping 'em and why?

The spring is being wound up tighter.

Do you mean that however much lower is it going nowadays. it will just throw it up hard in the near future with no boundaries left to some great highs?

[Elwar]

Bitcoins man...they keep getting cheaper and I keep getting richer.

[gkv9]

Bitcoins man...they keep getting cheaper and I keep getting richer.

Any logic behind it? Can you share it through PM? I also want to become richer, who else doesn't...

[cbeast]

Bitcoins man...they keep getting cheaper and I keep getting richer.

Any logic behind it? Can you share it through PM? I also want to become richer, who else doesn't...

If you have to ask, you don't get Bitcoin.

[gkv9]

Bitcoins man...they keep getting cheaper and I keep getting richer.

Any logic behind it? Can you share it through PM? I also want to become richer, who else doesn't...

If you have to ask, you don't get Bitcoin.

I am a learner, and trying to learn everything I can to get upgraded to the next level where I can talk like Legendary, never mind whether I am possessing that member level or not...