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

[8up]

Ladies and gentleman. --- Fasten your seatbelts. --- We are about to take off in 10,9,8,...





Oh, damn it. I am not ready! Wait, wait wait,...

[ChartBuddy]

Coin
Explanation

[Fatman3001]

captal-controls and BTC stays more or less the same. thats kind of disappointing tbh.

It was around $240 before Greece basically walked out on negotiations.

yes, a 4% rise,and thats it? i mean seriously, a euro-zone-state getting capital controls was one of the big things to look ahead. compare that to 2013 when cyprus had problems...

No margin trading, futures, options etc available back then.

Don't expect the old parabolas anymore but we can still reach new ATHs..

at this point it would be safe to agree that all this macro circus is already priced in, considering banskters already hooked up on bitcoin, and probably accumulating "subtly" as much as possible.

so no choochoo mofos.

There is no way to price something like this in. If the IMF, EU and/or Greece does something George-Bush-like stupid, there's going to be a shitstorm.

[Wandererfromthenorth]

I'm feeling a little bullish, but...

[NUFCrichard]

Ladies and gentleman. --- Fasten your seatbelts. --- We are about to take off in 10,9,8,...





Oh, damn it. I am not ready! Wait, wait wait,...

I am not a technical analysis sort of person, but I recognise a change in trend direction, and that chart looks good to me.

I think it is a bit speculative, probably based on the Greece crisis at the moment, but any upswing could get us to a new more reasonable price, then the press and masses will follow.

[Elwar]

I am surprised that the Euro has only gone down by 1 cent over the weekend vs the dollar.

[AlexGR]

Quoting myself from another thread:

-I was trying to buy something online (costing just 2-3$) with my greek visa, and the charge was getting rejected.
-Gas stations take only cash.
-Suppliers of stuff, take only cash as they are afraid of the consequences of accepting digital payments, and with that I include bank payments (they are afraid they will not be able to withdraw it, or their money could be bailed-in / converted to drachma etc etc).

There is in a sense a fungibility issue with the euro in Greece right now. Digital euros / bank euros "suck" as they are useless to transact. Cash euro is what counts for most people, even companies.

Times like these, you *realize*, not theoretically, but by living it, that you wouldn't trade your crypto for fiat and that crypto is immensely more useful (ie you can actually transact, when with digital cash / banks / cards etc you can't).

The sense of value increases in a way that is unexpected: I wouldn't trade a single BTC even if I was offered >1000 euro in the bank in these conditions. The euros in the bank are useless.

[kevindurant]

I am surprised that the Euro has only gone down by 1 cent over the weekend vs the dollar.

Me too. Most of the people are waiting 1:1 €/$ currency this week. It hasn't effected Bitcoin price yet as well.

[ImI]

I am surprised that the Euro has only gone down by 1 cent over the weekend vs the dollar.

Grexit would let the Euro skyrocket.

[Totscha]

I am surprised that the Euro has only gone down by 1 cent over the weekend vs the dollar.

I think most of the Grexit effect is already priced it...

[ChartBuddy]

Coin
Explanation

[Fatman3001]

Quoting myself from another thread:

-I was trying to buy something online (costing just 2-3$) with my greek visa, and the charge was getting rejected.
-Gas stations take only cash.
-Suppliers of stuff, take only cash as they are afraid of the consequences of accepting digital payments, and with that I include bank payments (they are afraid they will not be able to withdraw it, or their money could be bailed-in / converted to drachma etc etc).

There is in a sense a fungibility issue with the euro in Greece right now. Digital euros / bank euros "suck" as they are useless to transact. Cash euro is what counts for most people, even companies.

Times like these, you *realize*, not theoretically, but by living it, that you wouldn't trade your crypto for fiat and that crypto is immensely more useful (ie you can actually transact, when with digital cash / banks / cards etc you can't).

The sense of value increases in a way that is unexpected: I wouldn't trade a single BTC even if I was offered >1000 euro in the bank in these conditions. The euros in the bank are useless.

Thanks for sharing. That really puts things into perspective.

[coinpr0n]

Quoting myself from another thread:

-I was trying to buy something online (costing just 2-3$) with my greek visa, and the charge was getting rejected.
-Gas stations take only cash.
-Suppliers of stuff, take only cash as they are afraid of the consequences of accepting digital payments, and with that I include bank payments (they are afraid they will not be able to withdraw it, or their money could be bailed-in / converted to drachma etc etc).

There is in a sense a fungibility issue with the euro in Greece right now. Digital euros / bank euros "suck" as they are useless to transact. Cash euro is what counts for most people, even companies.

Times like these, you *realize*, not theoretically, but by living it, that you wouldn't trade your crypto for fiat and that crypto is immensely more useful (ie you can actually transact, when with digital cash / banks / cards etc you can't).

The sense of value increases in a way that is unexpected: I wouldn't trade a single BTC even if I was offered >1000 euro in the bank in these conditions. The euros in the bank are useless.

Thanks for that. In Spain the government is more likely to suck up to the EU and bend over for them, but it's still a possibility we could go this way.

[ImI]

Quoting myself from another thread:

-I was trying to buy something online (costing just 2-3$) with my greek visa, and the charge was getting rejected.
-Gas stations take only cash.
-Suppliers of stuff, take only cash as they are afraid of the consequences of accepting digital payments, and with that I include bank payments (they are afraid they will not be able to withdraw it, or their money could be bailed-in / converted to drachma etc etc).

There is in a sense a fungibility issue with the euro in Greece right now. Digital euros / bank euros "suck" as they are useless to transact. Cash euro is what counts for most people, even companies.

Times like these, you *realize*, not theoretically, but by living it, that you wouldn't trade your crypto for fiat and that crypto is immensely more useful (ie you can actually transact, when with digital cash / banks / cards etc you can't).

The sense of value increases in a way that is unexpected: I wouldn't trade a single BTC even if I was offered >1000 euro in the bank in these conditions. The euros in the bank are useless.

Thats true, but you have to acknowledge the fact that BTC at the moment is just as useless for you as euros in your bank account. Who accepts BTC in Greece? Are you able to buy gas, food, taxi etc with BTC? Paying your rent with BTC?

You see i dont wanna be overly pessimistic here but as long as nobody actually accepts it its basically as useless...

[LFC_Bitcoin]

253 now on Stamp. Will we see 260 by the end of the day? It's looking more & more likely that we've reached the bottom. The real question is when will we start a serious price rise? Have bears ran out of 'borrowed' coins to short? I'll be disappointed if we go below 240 ever again to be honest. This is a great opportunity (at this price) for people to invest in BTC. It might be the best decision you ever make.

Look at the state of the fiat banking system, imagine only being able to withdraw €60 a day of YOUR money, it's a disgrace to be honest. BTC is the future of money, make sure you don't miss this opportunity to make a better life for yourself.

[Elwar]

Quoting myself from another thread:

-I was trying to buy something online (costing just 2-3$) with my greek visa, and the charge was getting rejected.
-Gas stations take only cash.
-Suppliers of stuff, take only cash as they are afraid of the consequences of accepting digital payments, and with that I include bank payments (they are afraid they will not be able to withdraw it, or their money could be bailed-in / converted to drachma etc etc).

There is in a sense a fungibility issue with the euro in Greece right now. Digital euros / bank euros "suck" as they are useless to transact. Cash euro is what counts for most people, even companies.

Times like these, you *realize*, not theoretically, but by living it, that you wouldn't trade your crypto for fiat and that crypto is immensely more useful (ie you can actually transact, when with digital cash / banks / cards etc you can't).

The sense of value increases in a way that is unexpected: I wouldn't trade a single BTC even if I was offered >1000 euro in the bank in these conditions. The euros in the bank are useless.

Thats true, but you have to acknowledge the fact that BTC at the moment is just as useless for you as euros in your bank account. Who accepts BTC in Greece? Are you able to buy gas, food, taxi etc with BTC? Paying your rent with BTC?

You see i dont wanna be overly pessimistic here but as long as nobody actually accepts it its basically as useless...

But if he wanted to leave the country and take his wealth he could.

[ImI]

Quoting myself from another thread:

-I was trying to buy something online (costing just 2-3$) with my greek visa, and the charge was getting rejected.
-Gas stations take only cash.
-Suppliers of stuff, take only cash as they are afraid of the consequences of accepting digital payments, and with that I include bank payments (they are afraid they will not be able to withdraw it, or their money could be bailed-in / converted to drachma etc etc).

There is in a sense a fungibility issue with the euro in Greece right now. Digital euros / bank euros "suck" as they are useless to transact. Cash euro is what counts for most people, even companies.

Times like these, you *realize*, not theoretically, but by living it, that you wouldn't trade your crypto for fiat and that crypto is immensely more useful (ie you can actually transact, when with digital cash / banks / cards etc you can't).

The sense of value increases in a way that is unexpected: I wouldn't trade a single BTC even if I was offered >1000 euro in the bank in these conditions. The euros in the bank are useless.

Thats true, but you have to acknowledge the fact that BTC at the moment is just as useless for you as euros in your bank account. Who accepts BTC in Greece? Are you able to buy gas, food, taxi etc with BTC? Paying your rent with BTC?

You see i dont wanna be overly pessimistic here but as long as nobody actually accepts it its basically as useless...

But if he wanted to leave the country and take his wealth he could.

True.

[simmo77]

It's been faaaaar too long since I've seen any gifs on BitCoinity.org - soon maybe...

[Elwar]

Quoting myself from another thread:

-I was trying to buy something online (costing just 2-3$) with my greek visa, and the charge was getting rejected.
-Gas stations take only cash.
-Suppliers of stuff, take only cash as they are afraid of the consequences of accepting digital payments, and with that I include bank payments (they are afraid they will not be able to withdraw it, or their money could be bailed-in / converted to drachma etc etc).

There is in a sense a fungibility issue with the euro in Greece right now. Digital euros / bank euros "suck" as they are useless to transact. Cash euro is what counts for most people, even companies.

Times like these, you *realize*, not theoretically, but by living it, that you wouldn't trade your crypto for fiat and that crypto is immensely more useful (ie you can actually transact, when with digital cash / banks / cards etc you can't).

The sense of value increases in a way that is unexpected: I wouldn't trade a single BTC even if I was offered >1000 euro in the bank in these conditions. The euros in the bank are useless.

Just curious, if I were to fly down to Greece in this environment to capitalize on the market would it be better to bring Euros down to buy bitcoins for cash or would it be better to sell bitcoins for euros?

[coinpr0n]

An exciting Monday on many different accounts... http://www.bloomberg.com/news/articles/2015-06-28/with-61-seconds-in-a-minute-markets-brace-for-trouble