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

[soullyG]

Are we really going for another push on $266 already?

Honey badger season is back baby

[idecable]

At least the bitcoin price is exciting again.

It's looking good past few days.

[hmmkay]

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.

And how will that new entity supply the Bitcoin ATMs on Greek islands with fresh cash if European Central Bank stopped the flow of fiat to Greece? They will helicopter the cash from neighboring countries by night?

That's why I was talking about a big entity, probably outside Greece, able to fill those bitcoin atms when emptied. When many people see they can get money out of bitcoin atm's instead of banks, it's great marketing for bitcoin. And maybe, just maybe when even those atm's are empty, people realize they can still exchange bitcoin with eachother, *boom*.

Oh and the EU has open borders, so a drive should be sufficient. Getting to islands maybe with a helicopter/boat yes.

[ChartBuddy]

Coin
Explanation

[Shunak]

This poll is wrong
Question:   price will bounce off of
too low prices, 255$ will be the target

[Totscha]

This poll is wrong
Question:   price will bounce off of
too low prices, 255$ will be the target

It's also a few days old

[cyclotronmajesty]

This poll is wrong
Question:   price will bounce off of
too low prices, 255$ will be the target

yep... I figured that as well.

[coinpr0n]

Well, it looks like the "stress test" is in effect now: over 10k unconfirmed transactions in the mempool right now.

[ChartBuddy]

Coin
Explanation

[madmat]

Well, it looks like the "stress test" is in effect now: over 10k unconfirmed transactions in the mempool right now.

I only see 2400 unconfirmed transactions : https://blockchain.info/fr/unconfirmed-transactions

[Fatman3001]

Well, it looks like the "stress test" is in effect now: over 10k unconfirmed transactions in the mempool right now.

I only see 2400 unconfirmed transactions : https://blockchain.info/fr/unconfirmed-transactions

Great fucking timing...

[coinpr0n]

Well, it looks like the "stress test" is in effect now: over 10k unconfirmed transactions in the mempool right now.

I only see 2400 unconfirmed transactions : https://blockchain.info/fr/unconfirmed-transactions

Blockchain.info seems to be rejecting or filtering the stress test transactions(?). Look here instead: https://tradeblock.com/blockchain

[kurious]

http://www.bbc.com/news/world-europe-33322754

Greek PM Alexis Tsipras has threatened to resign over the result of a snap referendum on Greece's debt crisis due on Sunday.

Mr Tsipras said a clear vote against austerity would help Greece negotiate a better settlement to the crisis.

Otherwise, he warned, he would not stay in office to oversee more cuts.


(ps- isn't this just a repeat of the recent election? will the Greek people have changed their minds now a few months down the line?)

I am not sure Greece will vote to effectively crash out of the Eurozone.

Seeing capital controls and the banks shut with their money locked in means people might prefer to vote for the 'kick the can down the road' option of approving EU plans - out of simple fear.

Even if they think the EU is wrong to treat Greece like this (as it may well be) will they vote for the uncertainty of not knowing when the banks will even open again?  Or vote for approving the plan, just to get their hands on their own money...?

Don't bet on a Grexit yet, it is not certain and the Greeks may not want to step into the unknown.

[madmat]

Well, it looks like the "stress test" is in effect now: over 10k unconfirmed transactions in the mempool right now.

I only see 2400 unconfirmed transactions : https://blockchain.info/fr/unconfirmed-transactions

Blockchain.info seems to be rejecting or filtering the stress test transactions(?). Look here instead: https://tradeblock.com/blockchain

My proxy @work seems to filter the websockets requests on tradeblock. I will have a look at it at home. Thanks for the link.

[empowering]

http://www.bbc.com/news/world-europe-33322754

Greek PM Alexis Tsipras has threatened to resign over the result of a snap referendum on Greece's debt crisis due on Sunday.

Mr Tsipras said a clear vote against austerity would help Greece negotiate a better settlement to the crisis.

Otherwise, he warned, he would not stay in office to oversee more cuts.


(ps- isn't this just a repeat of the recent election? will the Greek people have changed their minds now a few months down the line?)

I am not sure Greece will vote to effectively crash out of the Eurozone.

Seeing capital controls and the banks shut with their money locked in means people might prefer to vote for the 'kick the can down the road' option of approving EU plans - out of simple fear.

Even if they think the EU is wrong to treat Greece like this (as it may well be) will they vote for the uncertainty of not knowing when the banks will even open again?  Or vote for approving the plan, just to get their hands on their own money...?

Don't bet on a Grexit yet, it is not certain and the Greeks may not want to step into the unknown.

I am just saying, they did actually elect the current government to do exactly this

[Elwar]

http://www.bbc.com/news/world-europe-33322754

Greek PM Alexis Tsipras has threatened to resign over the result of a snap referendum on Greece's debt crisis due on Sunday.

Mr Tsipras said a clear vote against austerity would help Greece negotiate a better settlement to the crisis.

Otherwise, he warned, he would not stay in office to oversee more cuts.


(ps- isn't this just a repeat of the recent election? will the Greek people have changed their minds now a few months down the line?)

I am not sure Greece will vote to effectively crash out of the Eurozone.

Seeing capital controls and the banks shut with their money locked in means people might prefer to vote for the 'kick the can down the road' option of approving EU plans - out of simple fear.

Even if they think the EU is wrong to treat Greece like this (as it may well be) will they vote for the uncertainty of not knowing when the banks will even open again?  Or vote for approving the plan, just to get their hands on their own money...?

Don't bet on a Grexit yet, it is not certain and the Greeks may not want to step into the unknown.

Merkel just announced that the terms for their bailout end at midnight.

So the vote is worthless at this point.

[Erdogan]

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 ATM owner can buy bitcoins otherwise in the local market, if he runs a good service he can make some money on the spread. Travellers going into the country with bitcoins and people going out of the country functions as arbitrageurs, keeping the price in line with the rest of the world. The volume has to grow organically, not explosively. Yes, it can work, why not?

[Erdogan]

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 ATM owner can buy bitcoins otherwise in the local market, if he runs a good service he can make some money on the spread. Travellers going into the country with bitcoins and people going out of the country functions as arbitrageurs, keeping the price in line with the rest of the world. The volume has to grow organically, not explosively. Yes, it can work, why not?

I hate quoting myself (...NOT), but all this it's impossible, someone is going to say no, a half-governmental gigacorporation must do it...

...it just reminds me of Atlas Shrugged. The book essentially predicted this shit.

[okthen]

Sorry if I'm reposting but this is just hilarious:

https://www.indiegogo.com/projects/greek-bailout-fund#/

[phoenix1]

Merkel just announced that the terms for their bailout end at midnight.

So the vote is worthless at this point.

This is what she actually said  :

"This evening at exactly midnight central European time the programme expires. And I am not aware of any real indications of anything else," Ms Merkel at a news conference with Kosovo's prime minister today.

"Beyond this, it is clear that we will not close the channels of communication after midnight tonight ... that means the door remains open to talks but I cannot say any more than this," she said.

Asked whether she was aware of a last-minute offer Mr Juncker, Ms Merkel responded: "All I know is that the last offer from the Commission that I'm aware of is from Friday of last week."

Such doublespeak!
"I am not aware of any real indications of anything else" - just lol ... so something is being discussed then
The programme expires, but doors remain open to talks ...
Nice side-step on the Juncker question ... the last 'official' offer was Friday - well we already knew that. That was not the question!!

What a farce! At this point I would not put it past them to be just buying a few more hours for the banks to position themselves ...

EDIT: Apologies - this is what the Daily Telegraph said she said and may bear little or no resemblance to her actual words