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

[albert73]

You can pump LTC 5% with about $60k. Do the same with BTC and no one will notice. Also, you try to cash out huge gains for significant sums, you slip right down.

Fun tool for multiplying(or dividing) nickels and dimes tho.

I notice the market is much thinner than Bitcoin's, and the price can rise or crash very fast. It's a much bigger gamble than Bitcoin, you might double your money or lose half very quickly. Once you have bought in getting back out is much harder when it's crashing.

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[ChartBuddy]

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[BlackSpidy]

You can pump LTC 5% with about $60k. Do the same with BTC and no one will notice. Also, you try to cash out huge gains for significant sums, you slip right down.

Why would you want to cash out of an asset that's preforming as well as LTC (price tripled over the past month)?
I mean, ya, sure, you held BTC while it did the exact opposite (albeit over a year and a half), so points for intrinsic consistency, but still...

You sure it aint just plain old jealousy?  Hate to see the other fellow win big while you ...is there a polite word for "opposite of win big"?

Bitcoin quintupled (wow, that's actually a word? typing it, I thought it wouldnt be) in a month (from about $200 in October 28th of 2013 to $1000+ by November 28th of the same year), before this "opposite of win big" bitcoin went through. Would it have been wise to cash out $600 dollar bitcoins November 20th? I would say "yes". If someone holding LTC from sometime between January and May cashes out now, it's a wise idea.

[Cconvert2G36]

You can pump LTC 5% with about $60k. Do the same with BTC and no one will notice. Also, you try to cash out huge gains for significant sums, you slip right down.

Why would you want to cash out of an asset that's preforming as well as LTC (price tripled over the past month)?
I mean, ya, sure, you held BTC while it did the exact opposite (albeit over a year and a half), so points for intrinsic consistency, but still...

You sure it aint just plain old jealousy?  Hate to see the other fellow win big while you ...is there a polite word for "opposite of win big"?

Unsurprisingly, there was only one thing to do with GPU rigs when fpga and asic took over. Thus many bitcoiners have also dabbled in litecoins. And there were many levels much higher than $5 to sell your LTC.

As there have been many better times to sell some BTC, and many better times to buy.

Hindsight is fun, but sometimes bereft of absolute utility.

The server has seemed troubled since its last "episode".

[spike420211]

269, up from 235 about 2.5 weeks ago...

dammit, slow down, guyz.
Yer spookin my NLHE customers @ Betcoin.

[ChartBuddy]

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[BlackSpidy]

Heck, in hindsight, it would've been wise to cash out at 250 on the way up
BTW, why is this forum's server keep going down for ~2 minutes at a time?

heh, yeah. The name of the game is "turning hindsight into foresight". That's what I've been playing at since 3 years old, anyways.

PS: Aww, bitcoins giving a goodbye hug to 260s. It makes sense, it might be the last time we see the $210-$269 range. $260s, you dont gotta go home, but you can't stay here.

[Arriemoller]

http://www.reuters.com/article/2015/07/03/us-eurozone-greece-bitcoin-idUSKCN0PD1B420150703?

The Greeks are buying bitcoins to protect themselves from a monetary crash according to Reuters.

[ChartBuddy]

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[ChartBuddy]

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[JorgeStolfi]

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.”

https://upload.wikimedia.org/wikipedia/commons/thumb/7/7a/Groutite-114104.jpg/608px-Groutite-114104.jpg

What you want to say Prof. Stolfi ?

Only that "crystal clear" can be black and opaque as coal.  Which is actually what "crystal clear" usually means in politics and economy...

(Uh, ok, and coal can be clear and transparent as diamond, alright.)

[JorgeStolfi]

The deadline for filing claims against the MtGOX bankruptcy has been extended:

https://www.mtgox.com/img/pdf/20150706_deadline.pdf [ scroll down for the English translation ]

The bankruptcy trustee decided that the deadline for filing bankruptcy claims using the Online Method will be 12 noon on July 29, 2015 (Japan time).

[BlindMayorBitcorn]

http://www.reuters.com/article/2015/07/03/us-eurozone-greece-bitcoin-idUSKCN0PD1B420150703?

The Greeks are buying bitcoins to protect themselves from a monetary crash according to Reuters.

This is the concluding paragragh. It's about the one BTM in the country.

But with Greeks having to form long queues at bank ATMs just to receive a meager 60 euros' cash a day, this machine has seen no customers since talks with creditors broke down on Saturday.

"Before Saturday, there was some very limited interest, mostly customers asking what it does and how it works," said Maria Varila, an employee in the shop. "Since Saturday, however, when all hell broke loose, there has literally been zero interest."

[Cconvert2G36]

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.”

https://upload.wikimedia.org/wikipedia/commons/thumb/7/7a/Groutite-114104.jpg/608px-Groutite-114104.jpg

What you want to say Prof. Stolfi ?

Only that "crystal clear" can be black and opaque as coal.  Which is actually what "crystal clear" usually means in politics and economy...

(Uh, ok, and coal can be clear and transparent as diamond, alright.)

If we could only whip up some vice.com articles, in greek, using Stolfi as a primary source. Warning them of the severe hardship they have and will be experiencing if they use bitcoin as an alternative to the completely rational and sustainable operations of the state and union monetary authorities.

We could use simple arithmetic to determine cost per transaction, at a fixed block reward, tx volume, and coin price, to determine the long term viability of a system. And by viability, I mean the proclivity to ease the conscience of those that may shape the world with the stroke of a pen.

[ChartBuddy]

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[SnokkomBTC]

Varoufakis resigns as finance minister

[dieselmeister]

Varoufakis resigns as finance minister

only if it was voted with "yes", but it's voted with "no".

[rebuilder]

Varoufakis resigns as finance minister

only if it was voted with "yes", but it's voted with "no".

He just resigned anyways, due to not being very popular at the negotiation table.

[macsga]

Varoufakis resigns as finance minister

It's been confirmed:

ANNOUNCEMENT BY THE MINISTER OF FINANCE, Mr YANIS VAROUFAKIS

The referendum of 5th July will stay in history as a unique moment when a small European nation rose up against debt-bondage.

Like all struggles for democratic rights, so too this historic rejection of the Eurogroup’s 25th June ultimatum comes with a large price tag attached. It is, therefore, essential that the great capital bestowed upon our government by the splendid NO vote be invested immediately into a YES to a proper resolution – to an agreement that involves debt restructuring, less austerity, redistribution in favour of the needy, and real reforms.

Soon after the announcement of the referendum results, I was made aware of a certain ‘preference’ by some Eurogroup participants, and assorted ‘partners’, for my... ‘absence’ from its meetings; an idea that the Prime Minister judged to be potentially helpful to him in reaching an agreement. For this reason I am leaving the Ministry of Finance today.

I consider it my duty to help Alexis Tsipras exploit, as he sees fit, the capital that the Greek people granted us through yesterday’s referendum.

And I shall wear the creditors’ loathing with pride.

We of the Left know how to act collectively with no care for the privileges of office. I shall support fully Prime Minister Tsipras,  the new Minister of Finance, and our government.
The superhuman effort to honour the brave people of Greece, and the famous OXI (NO) that they granted to democrats the world over, is just beginning.

http://www.protothema.gr/economy/article/490697/varoufakis-apohoro-apo-to-upourgeio-oikonomikon-/

[ChartBuddy]

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