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

[JimboToronto]

yeah , this time to make some profit , i cant believe i can so easily play secondstrade usd/btc predictions , i have converted my 4$ to 12 $ btc , hope i will quit now , with this.
can anyone give me a valid explanation why BTC price is suddenly becoming too high since last 2 days.
please give only serious reply

There's not a specific reason. Some say it's due to the Greeks buying Bitcoin (that's doubtful). I would think it's others taking example from the Greeks and taking out some of their fiat and investing it into Gold or Bitcoin.

Or it could be that it was simply overdue, like in October 2013.

[NUFCrichard]

yeah , this time to make some profit , i cant believe i can so easily play secondstrade usd/btc predictions , i have converted my 4$ to 12 $ btc , hope i will quit now , with this.
can anyone give me a valid explanation why BTC price is suddenly becoming too high since last 2 days.
please give only serious reply

There's not a specific reason. Some say it's due to the Greeks buying Bitcoin (that's doubtful). I would think it's others taking example from the Greeks and taking out some of their fiat and investing it into Gold or Bitcoin.

But Gold is down from a week ago..
I think people are speculating that last time when Cyprus went crazy, the bitcoin price went up quickly. People don't want to miss the boat, so are getting involved early this time, moving the price.

Some whale might well decide that now is a good time to dump, I hope not though, the price is so low still, I am considering buying more...

[spiderbrain]

yeah , this time to make some profit , i cant believe i can so easily play secondstrade usd/btc predictions , i have converted my 4$ to 12 $ btc , hope i will quit now , with this.
can anyone give me a valid explanation why BTC price is suddenly becoming too high since last 2 days.
please give only serious reply

This is a completely normal level of volatility for bitcoin. It we go over $300 THEN it will get really nuts...

[Elwar]

I can see some of it coming from Greece.

Coinbase has an exchange in Greece. People in Greece can only make SEPA transfers within Greece. So if you have a bunch of money in your bank that you can't get out...send it to Coinbase to buy bitcoins before the banks seize it.

[itod]

CNN Money : Greeks are rushing to Bitcoin

http://money.cnn.com/2015/06/29/technology/greece-bitcoin/

Hyperbolic title but hey, can't hurt!

Some big entity should really put bitcoin atm's in all major cities and islands.

How stupid is this idea?!? Do you think someone who has EUR 60 daily limit on the ATM will waste their precious EUR on Bitcoin? They have many other more necessary things to buy with that money.  

ATM's are running low on fiat. Buy 1000 euro worth of bitcoins online, go exchange bitcoins for fiat at bitcoin atm. Doesn't seem that stupid "?!?"

You are telling me that the whole Greek banking infrastructure can't fill ATMs for more then 60 EUR/person a day, but some new private entity will succeed filling Bitcoin ATMs with more cash? that makes sense to you?

[marcotheminer]

yeah , this time to make some profit , i cant believe i can so easily play secondstrade usd/btc predictions , i have converted my 4$ to 12 $ btc , hope i will quit now , with this.
can anyone give me a valid explanation why BTC price is suddenly becoming too high since last 2 days.
please give only serious reply

There's not a specific reason. Some say it's due to the Greeks buying Bitcoin (that's doubtful). I would think it's others taking example from the Greeks and taking out some of their fiat and investing it into Gold or Bitcoin.

Or it could be that it was simply overdue, like in October 2013.

Bubbles don't just happen because they are 'overdue', there's no such thing. In October 2013, it was due to the huge media spotlight on Bitcoin and the willy bot.

That said, a large increase in price would be nice now

[LFC_Bitcoin]

Gentlemen it's rather pleasant to wake up to another price rise. That bear market really could be over, it's about time to be honest. It was always going to come to an end. Could we break 270 today? I really hope this isn't a false dawn, would be fantastic to push up to near 300 in the next few weeks. Anybody thinking about buying better get in now, that's a 5% rise at least in the last 24 hrs.

[Elwar]

CNN Money : Greeks are rushing to Bitcoin

http://money.cnn.com/2015/06/29/technology/greece-bitcoin/

Hyperbolic title but hey, can't hurt!

Some big entity should really put bitcoin atm's in all major cities and islands.

How stupid is this idea?!? Do you think someone who has EUR 60 daily limit on the ATM will waste their precious EUR on Bitcoin? They have many other more necessary things to buy with that money.  

ATM's are running low on fiat. Buy 1000 euro worth of bitcoins online, go exchange bitcoins for fiat at bitcoin atm. Doesn't seem that stupid "?!?"

You are telling me that the whole Greek banking infrastructure can't fill ATMs for more then 60 EUR/person a day, but some new private entity will succeed filling Bitcoin ATMs with more cash? that makes sense to you?

The reason they are limiting withdrawals is because the European Central Bank stopped the flow of fiat to Greece. The banks have limited funds so they do not want a bank run to the point that they all go broke.

[macsga]

Meanwhile in Greece...

That's an amazing photograph.
and to stay on topic... there's a pretty decent wall at 258 on bitfinex, but the price keeps cranking up slowly.

Yeah, only this was during 2011's protests with the EU sockpuppet coalition government. It's really funny how people trolls want to present things that ARE NOT true.

PS: from last nights protest about Greece voting NO to EU's proposed austerity measures (and relative link to prove it)


http://tvxs.gr/news/ellada/megali-diadilosi-sto-syntagma-yper-toy-oxi

Good morning Gentlemen. May the troll be with you! For me and my fellow citizens in Greece, it will be the same. When you're already wet, you don't really care if it's gonna rain...

[luckygenough56]

greeks like dildos that we already knew

but that they like green ones is definitely a plus 

[Lauda]

I was surprised to wake up to this price. What's more surprising is that I don't see so many pictures of rockets, trains or is everyone still sleeping?
I didn't expect the price to be influenced already, but who knows where this might take us now.
Hopefully we will establish a new bottom at least over $300.

[cyclotronmajesty]

Damn this shit is volatile. New money new volatility.

[ChartBuddy]

Coin
Explanation

[luckygenough56]

I was surprised to wake up to this price. What's more surprising is that I don't see so many pictures of rockets, trains or is everyone still sleeping?
I didn't expect the price to be influenced already, but who knows where this might take us now.
Hopefully we will establish a new bottom at least over $300.

those pictures are reserved for when we pass 300

[Elwar]

Does $266 count as a "psychological barrier"?

$266 was the high price during the first bubble of 2013. It was a psychological barrier going down because we had never fallen before a previous "bubble high". It might take some effort to push above it.

[simmo77]

btc up, eur down.

What a nice day.

mmm.. coffee

Seems we're on opposite ends of our days. It's 3:00AM here.

I'll join you for a delicious cup of coffee at the crack of noon.

For now, I'll pour myself another wee nightcap.

 

What's your poison Jimbo?

(I'm a bourbon man myself)

[kevindurant]

Let's see if we can pass 270$ first. 300$ later.
It could be all hype because Greece. We only up 20$ since last week.

[Elwar]

I was surprised to wake up to this price. What's more surprising is that I don't see so many pictures of rockets, trains or is everyone still sleeping?
I didn't expect the price to be influenced already, but who knows where this might take us now.
Hopefully we will establish a new bottom at least over $300.

I think we're taking our first steps into the bull market. This is new territory for a lot of people and it has been such a long time since we have been here.

[SnokkomBTC]

I was surprised to wake up to this price. What's more surprising is that I don't see so many pictures of rockets, trains or is everyone still sleeping?
I didn't expect the price to be influenced already, but who knows where this might take us now.
Hopefully we will establish a new bottom at least over $300.

I think we're taking our first steps into the bull market. This is new territory for a lot of people and it has been such a long time since we have been here.

this is it gentlemen 

[luckygenough56]

CRITICAL TIMES