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

[tarmi]

Coinbase: We're seeing about a 300% increase in bitcoin buys across all Europe in past few weeks (not much from Greece though, they aren't able to)

oh, coinbase, you are doing it again. 300 % of what number?  



nope, I will not turn into bull till we hit double digits. I just like to see bulls burning again and buying the top.

[LFC_Bitcoin]

how can greeks buy bitcoin if there banking services are halted?

Maybe they saw what was coming/rumoured a few weeks ago. They could have withdrawn their daily maximum limit in cash every day & saved it under the bed until now
Now they could buy BTC with cash on localbitcoins or head down to their nearest BTC ATM (BTM).
There are always ways Adam. Maybe they're selling goods or their car for BTC in desperation
 

[Alley]

When capitol controls are lifted greeks may say fuck going through that again and buy bitcoin.

[ssmc2]

Coinbase: We're seeing about a 300% increase in bitcoin buys across all Europe in past few weeks (not much from Greece though, they aren't able to)

oh, coinbase, you are doing it again. 300 % of what number?  



nope, I will not turn into bull till we hit double digits. I just like to see bulls burning again and buying the top.

And when we never see those double digits and move past the ATH this will be you-

[ChartBuddy]

Coin
Explanation

[tarmi]

never see

lel

[strawbs]

Dailymail : Greeks rushing to buy Bitcoins as the country faces euro expulsion

http://www.dailymail.co.uk/news/article-3144175/Greeks-rushing-buy-Bitcoins-country-considers-taking-drastic-legal-action-block-expulsion-euro.html

You're getting your news firstly from Fox News and now from the Daily Mail?! - possibly the worst sources of pseudo-news in USA and UK respectively.

[JimboToronto]

how can greeks buy bitcoin if there banking services are halted?

Not everybody keeps their money in the bank.

Also not everybody is an employee. Small business owners who receive their revenues in cash are prime candidates for buying bitcoins.

[Fakhoury]

Dailymail : Greeks rushing to buy Bitcoins as the country faces euro expulsion

http://www.dailymail.co.uk/news/article-3144175/Greeks-rushing-buy-Bitcoins-country-considers-taking-drastic-legal-action-block-expulsion-euro.html

You're getting your news firstly from Fox News and now from the Daily Mail?! - possibly the worst sources of pseudo-news in USA and UK respectively.

Actually I'm getting them from reddit.

As being permabull, I'm only spreading bullish news that we can discuss and spread some positivity in the air.

[adamstgBit]

how can greeks buy bitcoin if there banking services are halted?

Maybe they saw what was coming/rumoured a few weeks ago. They could have withdrawn their daily maximum limit in cash every day & saved it under the bed until now
Now they could buy BTC with cash on localbitcoins or head down to their nearest BTC ATM (BTM).
There are always ways Adam. Maybe they're selling goods or their car for BTC in desperation
 

right.... fuck food and stuff lets buy bitcoin with the 60eur a day.

When capitol controls are lifted greeks may say fuck going through that again and buy bitcoin.

agreed, i expect the real boom to start once the banks in greece are reopened, and it takes time to get registered / verified on an exchange, i wouldn't dare go short until about a week After the banks reopen.

[tarmi]

[LFC_Bitcoin]

Coinbase: We're seeing about a 300% increase in bitcoin buys across all Europe in past few weeks (not much from Greece though, they aren't able to)

oh, coinbase, you are doing it again. 300 % of what number?  



nope, I will not turn into bull till we hit double digits. I just like to see bulls burning again and buying the top.

And when we never see those double digits and move past the ATH this will be you-

-snip-

[Mickeyb]

how can greeks buy bitcoin if there banking services are halted?

They can't! For me Greeks are irrelevant here. Much more relevant thing for bitcoin in my opinion is that the world sees how your money can just vanish from one modern society in the 21st century. I am sure the buys last few days are coming from people realizing this.

[JimboToronto]

double digits

lel

[bizz]

how can greeks buy bitcoin if there banking services are halted?

Yup. Too late for Greeks.  But others  see  this & they will think why not buy a few. Just in case.

[adamstgBit]

if there is some a big move into bitcoin in greece, say this time next year 10% of greek pop uses bitcoin and its accepted everywhere in greece we could very well see 32,000$ in less than 2 years. 10% of greece's pop is ~1 million poeple, assuming these 1million poeple hodl a 500$ balances in bitcoin we're looking at half a billion dollars pumped into bitcoin, but it won't stop there, having a real world economy use bitcoin is going to improve investor confidence, and i could easily see 10-20billion get pumped into bitcoin as a result, but it won't stop there, economies will crash around the world one by one, and seeing how greeks all got rich off of using bitcoin, they will all want to do the same thing, the decentralization of world domination is well under way! but it won't stop there aliens will come down from the heavens and buy bitcoin.

[Mickeyb]

if there is some a big move into bitcoin in greece, say this time next year 10% of greek pop uses bitcoin and its accepted everywhere in greece we could very well see 32,000$ in less than 2 years. 10% of greece's pop is ~1 million poeple, assuming these 1million poeple hodl a 500$ balances in bitcoin we're looking at half a billion dollars pumped into bitcoin, but it won't stop there, having a real world economy use bitcoin is going to improve investor confidence, and i could easily see 10-20billion get pumped into bitcoin as a result, but it won't stop there, economies will crash around the world one by one, and seeing how greeks all got rich off of using bitcoin, they will all want to do the same thing, the decentralization of world domination is well under way! but it won't stop there aliens will come down from the heavens and buy bitcoin.

I sure hope so!

[JimboToronto]

god damn I've missed this thread.

where's troll chop and trolfi?

I think Jeannie was banned but her sox have come out with the small correction/dip. Adam seems to be doing a reasonably good stoop-and-scoop job of deleting the lambsox droppings from this thread.

The esteemed professor must be lecturing or something.

[Fakhoury]

if there is some a big move into bitcoin in greece, say this time next year 10% of greek pop uses bitcoin and its accepted everywhere in greece we could very well see 32,000$ in less than 2 years. 10% of greece's pop is ~1 million poeple, assuming these 1million poeple hodl a 500$ balances in bitcoin we're looking at half a billion dollars pumped into bitcoin, but it won't stop there, having a real world economy use bitcoin is going to improve investor confidence, and i could easily see 10-20billion get pumped into bitcoin as a result, but it won't stop there, economies will crash around the world one by one, and seeing how greeks all got rich off of using bitcoin, they will all want to do the same thing, the decentralization of world domination is well under way! but it won't stop there aliens will come down from the heavens and buy bitcoin.

Is it that easy ?

[ssmc2]

if there is some a big move into bitcoin in greece, say this time next year 10% of greek pop uses bitcoin and its accepted everywhere in greece we could very well see 32,000$ in less than 2 years. 10% of greece's pop is ~1 million poeple, assuming these 1million poeple hodl a 500$ balances in bitcoin we're looking at half a billion dollars pumped into bitcoin, but it won't stop there, having a real world economy use bitcoin is going to improve investor confidence, and i could easily see 10-20billion get pumped into bitcoin as a result, but it won't stop there, economies will crash around the world one by one, and seeing how greeks all got rich off of using bitcoin, they will all want to do the same thing, the decentralization of world domination is well under way! but it won't stop there aliens will come down from the heavens and buy bitcoin.

As long as the scalabilty issues are resolved by then, bring it!