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

[LFC_Bitcoin]

Another update regarding Greece - Live vote counting - http://www.theguardian.com/world/ng-interactive/2015/jul/05/live-results-greek-referendum

Yes
38.56%

No
61.44%

With 87.55% of votes reported

[BlackSpidy]

Another update regarding Greece - Live vote counting - http://www.theguardian.com/world/ng-interactive/2015/jul/05/live-results-greek-referendum

Yes
38.56%

No
61.44%

With 87.55% of votes reported

So, that means 53% of all valid votes is "no". "No" confirmed.

[redsn0w]

Another update regarding Greece - Live vote counting - http://www.theguardian.com/world/ng-interactive/2015/jul/05/live-results-greek-referendum

Yes
38.56%

No
61.44%

With 87.55% of votes reported

So, that means 53% of all valid votes is "no". "No" confirmed.

The Greek people chose "OXI" - no ... but it doesn't mean they will get out from the EU zone  (not for the moment).

[BlindMayorBitcorn]

Nice to see our little coin reacting (or being made to appear to react) to macroeconomic events. A nice change from a couple years ago when we all react to mtgox's server's net connection.  

fixed...


 

[albert73]

Another update regarding Greece - Live vote counting - http://www.theguardian.com/world/ng-interactive/2015/jul/05/live-results-greek-referendum

Yes
38.56%

No
61.44%

With 87.55% of votes reported

So, that means 53% of all valid votes is "no". "No" confirmed.

That's what the official government website shows, the no voters have won and the votes not counted yet won't make any difference to the final result. The prime minister will probably be doing speeches and TV interviews about his next moves all night.

http://ekloges.ypes.gr/current/e/public/index.html?lang=en

[inca]

Another update regarding Greece - Live vote counting - http://www.theguardian.com/world/ng-interactive/2015/jul/05/live-results-greek-referendum

Yes
38.56%

No
61.44%

With 87.55% of votes reported

So, that means 53% of all valid votes is "no". "No" confirmed.

That's what the official government website shows, the no voters have won and the votes not counted yet won't make any difference to the final result. The prime minister will probably be doing speeches and TV interviews about his next moves all night.

http://ekloges.ypes.gr/current/e/public/index.html?lang=en

He already has given his speech.

[PoolMinor]

Garbage

Why not zoom out to say 5 or 6 years? O yeah that is right, because that would not fit your trolling needs.

Here you go....

[adamstgBit]

Another update regarding Greece - Live vote counting - http://www.theguardian.com/world/ng-interactive/2015/jul/05/live-results-greek-referendum

Yes
38.56%

No
61.44%

With 87.55% of votes reported

So, that means 53% of all valid votes is "no". "No" confirmed.

That's what the official government website shows, the no voters have won and the votes not counted yet won't make any difference to the final result. The prime minister will probably be doing speeches and TV interviews about his next moves all night.

http://ekloges.ypes.gr/current/e/public/index.html?lang=en

He already has given his speech.

so thats it, greeks are getting out of the EUR?

[TaurusBit]

Here you go....

That's so beautiful. 

[ssmc2]

When that 1k wall on finex gets eaten/pulled watch out. 

[ImI]

How many of you have forgotten the $300 scam happened at just few months ago?

All i remember is the 152$ scam sometime in the past.

[Sitarow]

[BldSwtTrs]

so thats it, greeks are getting out of the EUR?

It means they are not accepting the proposed deal, but there will be more talks soon. AFAIK there's no way to leave the Eurozone without leaving the EU completely.

And there is no way to leave the EU. The treaties don't allow that.

[inca]

so thats it, greeks are getting out of the EUR?

It means they are not accepting the proposed deal, but there will be more talks soon. There's no way to leave the Eurozone without leaving the EU completely.

The UK is happily in the EU but not in the eurozone, so it is possible, though difficult for greece.

Options as I see it are:

1) soft default: restructuring of loans - write down / partial jubilee or freezing of interest payments - burden taken by ECB and continue using EURO as main currency.
2) outright default: for the long term by far the best solution for greece, though would lead to severe short term turbulence and leave greece cut off from bond markets. Iceland has recovered and was in a similar boat.
3) kick the can further down the road with another x billion 'lent' by eurozone members (probably not tenable given IMF statements this week)

The people voting no means they want the debt restructured. The drawback is that most greeks also want to stay in the EURO

[Wekkel]

And there is no way to leave the EU. The treaties don't allow that.

Just because the treaties do not provide for an exit, does not mean that there is no way. This is politics: laws or treaties do not apply (as if they would ever apply to others than Joe Sixpack...)

[ChartBuddy]

Coin
Explanation

[BldSwtTrs]

And there is no way to leave the EU. The treaties don't allow that.

Just because the treaties do not provide for an exit, does not mean that there is no way. This is politics: laws or treaties do not apply (as if they would ever apply to others than Joe Sixpack...)

Well, a treaty violation could be a cassus belli. That kind of stuff could escalate quickly.

[monbux]

Ok, WTF?  I just checked the last 24h graph for LTC, it's going crazy, it rose by ~$0.75 in the last few hours?
Is there a reason for this? o.O

[macsga]

It's already Monday in Japan... and guess what...

http://www.xe.com/currencycharts/?from=EUR&to=USD

[albert73]

so thats it, greeks are getting out of the EUR?

It means they are not accepting the proposed deal, but there will be more talks soon. AFAIK there's no way to leave the Eurozone without leaving the EU completely.

And there is no way to leave the EU. The treaties don't allow that.

They will probably find a way to change the treaties. The Germans said the Greeks were voting on whether to stay in the EU or not, despite what the referendum question was.

Mr. Gabriel, the German economics minister said “But it must be crystal clear what is being decided. It is, at the core, yes or no to remaining in the eurozone.”