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

[ChartBuddy]

Coin
Explanation

[ejinte]

Just to discuss Greece - why the hell would any other country in the eurozone want Greece to stay & grant them another bail out etc?

It seems very, very counterproductive, it's like giving another mortgage to a guy who can't pay the mortgage on his current property, the answer is known before you even ask the question - he is going to default again & again & again.

Greece are a disaster, what use are they to the other countries in the eurozone?
They can't pay back what they owe now, why give them even more?
It's not like the Greek economy is going to boom or somebody finds oil on Greek soil

[ejinte]

[tarmi]

ever been in norway?

very white, not too kind toward minorities and they love german shepherds.

[Erdogan]

Sigh.... Euro is a way more superior to bitcoin , how do you compare something that is backed by natural resources and production of a continent to something that is hashed out of thin air from discovery of numbers? .... you guys have wool so deep covering your eyes that you can't even functionally even logically rule out the reasons for why Greece has failed and use these non comparative scenarios to back your belief in bitcoins ...

If that was referencing my comments - I read it over and I realized it sounded like I was saying that BTC was poorly designed just like the Euro - that was not my intension and I have since edited my comment.

Specifically - I think Greece has failed because it is a fundamentally stupid idea for 19 very different economies to share 1 monetary policy. This is why the Euro will fail in the long run IMHO

Bitcoin on the other hand is a different animal entirely... though it is still an experiment that may well fail or get eclipsed by some other innovation.

europe is more than a monetary and economic union. get your facts straight.

...and, ^^, in a hypothetical world where people in two countries use bitcoin, they will have to share the monetary policy, they will have to print the same amount of bitcoins each week: 0

[Fatman3001]

[weird flagball cartoon]

Norway is part of the EU market through the EEA. Until recently we paid a reduced EU membership fee, but the EU didn't see any point in giving rich outsiders discount entry so now we pay the same as the rest of the EU countries. We adopt EU legislation without ever having any influence on its creation. And even though we pay as much as the rest, our citizens are not EU-citizens and our businesses are not EU-businesses and as such not eligible to apply for EU funds for development projects and similar. It would be just as painful for us to leave the EU market as it would be for any EU member state. So if you want to do like Norway... strike oil.

[ChartBuddy]

Coin
Explanation

[Fatman3001]

ever been in norway?

very white, not too kind toward minorities and they love german shepherds.

You must have met the wrong ones (Basically, people from Oslo). Come over and I'll take you bear hunting.

[ejinte]

[weird flagball cartoon]

Norway is part of the EU market through the EEA. Until recently we paid a reduced EU membership fee, but the EU didn't see any point in giving rich outsiders discount entry so now we pay the same as the rest of the EU countries. We adopt EU legislation without ever having any influence on its creation. And even though we pay as much as the rest, our citizens are not EU-citizens and our businesses are not EU-businesses and as such not eligible to apply for EU funds for development projects and similar. It would be just as painful for us to leave the EU market as it would be for any EU member state. So if you want to do like Norway... strike oil.

Alright, fair enough.

[foxbitcoin]

calm before the storm ...refuelling rocket to run $300

[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 ?

I think coins will leak in via tourists.

Could be, but what I was asking about is, will banksters and all the current people who benefits from the current centralized finical ecosystem, will they let the revolution take place with that ease ?

Why would you ask them for permission?

Actually it's not permission, but the language of power/force is the one which will take place.

Will these people lose their power and ultra-mega-profits they make from the current system that easily ?

Their power will diminish.

I agree, but how and when ?

It's not easy as Adam and others think.

Changing chairs and places were never easy and will never "be".

Just have coins.

You want me to keep buying and HODLing you mean ?

Why not? Buy when you please, sell when you please, but holding some supports the value.

Bitcoin is useful now for some people for some types of trade. Since the penetration is so low, that means there are other people out there with the same kind of needs, so bitcoin will expand. When bitcoin expands, its liquidity increases, which means that new types of needs can be met. It is a chain reaction.

Just hold some coins, wait. It does not hurt to tell people, but it is not necessary. Those who make good use of bitcoin will tell their friends.

Brother,

You are not getting me yet.

I'm permabull and investor as you can see in my PM as well as accumulator.

Imagine you are in a position where you have power and making a shit load of money, not only you, you and your gang (no offense).

Will you allow "decentralized" system to take your position that easily ?

It's mafia brother, it's not that piece of cake.

[ChartBuddy]

Coin
Explanation

[Sitarow]

[BitcoinNewbie15]

Looks like Bitcoin moved down slightly today. Interesting, Bitcoin is being very volatile these last few days. I hope the upwards movement will continue, but it also might not at the same time.

[spooderman]

^ thanks for the insight. how much you getting paid to spam your signature here every day?

[bit tired]

Looks like Bitcoin moved down slightly today. Interesting, Bitcoin is being very volatile these last few days. I hope the upwards movement will continue, but it also might not at the same time.

Anything's better than the deadly dull endless sideways movement we have to endure from time to time. Zero volume days when half a Bitcoin moving is the most we have to talk about is boring. Volatility is exciting and brings this thread to life. Zero volume days = whole pages of nothing bit chart buddy posts.

[Erdogan]

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 ?

I think coins will leak in via tourists.

Could be, but what I was asking about is, will banksters and all the current people who benefits from the current centralized finical ecosystem, will they let the revolution take place with that ease ?

Why would you ask them for permission?

Actually it's not permission, but the language of power/force is the one which will take place.

Will these people lose their power and ultra-mega-profits they make from the current system that easily ?

Their power will diminish.

I agree, but how and when ?

It's not easy as Adam and others think.

Changing chairs and places were never easy and will never "be".

Just have coins.

You want me to keep buying and HODLing you mean ?

Why not? Buy when you please, sell when you please, but holding some supports the value.

Bitcoin is useful now for some people for some types of trade. Since the penetration is so low, that means there are other people out there with the same kind of needs, so bitcoin will expand. When bitcoin expands, its liquidity increases, which means that new types of needs can be met. It is a chain reaction.

Just hold some coins, wait. It does not hurt to tell people, but it is not necessary. Those who make good use of bitcoin will tell their friends.

Brother,

You are not getting me yet.

I'm permabull and investor as you can see in my PM as well as accumulator.

Imagine you are in a position where you have power and making a shit load of money, not only you, you and your gang (no offense).

Will you allow "decentralized" system to take your position that easily ?

It's mafia brother, it's not that piece of cake.

I can imagine being in a position in power. What I think they think is that they don't quite understand why people ask for help from the government, because they know that they can not give to people anything they have not already taken from them. So they are somewhat confused, but then happy to provide and at the same time shave off a fraction from that "help". They are satisfied with the feeling of power, the respect they get, and the money. To the people, it looks like they pay only taxes, they don't see the burden laid upon them through money printing and galloping government debt. Of couse they want to protect that, and try to hold bitcoin down. But what can they do?

[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 ?

I think coins will leak in via tourists.

Could be, but what I was asking about is, will banksters and all the current people who benefits from the current centralized finical ecosystem, will they let the revolution take place with that ease ?

Why would you ask them for permission?

Actually it's not permission, but the language of power/force is the one which will take place.

Will these people lose their power and ultra-mega-profits they make from the current system that easily ?

Their power will diminish.

I agree, but how and when ?

It's not easy as Adam and others think.

Changing chairs and places were never easy and will never "be".

Just have coins.

You want me to keep buying and HODLing you mean ?

Why not? Buy when you please, sell when you please, but holding some supports the value.

Bitcoin is useful now for some people for some types of trade. Since the penetration is so low, that means there are other people out there with the same kind of needs, so bitcoin will expand. When bitcoin expands, its liquidity increases, which means that new types of needs can be met. It is a chain reaction.

Just hold some coins, wait. It does not hurt to tell people, but it is not necessary. Those who make good use of bitcoin will tell their friends.

Brother,

You are not getting me yet.

I'm permabull and investor as you can see in my PM as well as accumulator.

Imagine you are in a position where you have power and making a shit load of money, not only you, you and your gang (no offense).

Will you allow "decentralized" system to take your position that easily ?

It's mafia brother, it's not that piece of cake.

I can imagine being in a position in power. What I think they think is that they don't quite understand why people ask for help from the government, because they know that they can not give to people anything they have not already taken from them. So they are somewhat confused, but then happy to provide and at the same time shave off a fraction from that "help". They are satisfied with the feeling of power, the respect they get, and the money. To the people, it looks like they pay only taxes, they don't see the burden laid upon them through money printing and galloping government debt. Of couse they want to protect that, and try to hold bitcoin down. But what can they do?

Actually, a lot

Something like this

http://rt.com/business/271018-indonesia-bans-foreign-currencies/

[phoenix1]

PLEASE SNIP YOUR QUOTES ... WALLS OF REPEATED TEXT VERY ANNOYING  

[Erdogan]

PLEASE SNIP YOUR QUOTES ... WALLS OF REPEATED TEXT VERY ANNOYING  

declined.