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

[TaurusBit]

[Elwar]

First time we have been up on the 6 month chart in over a year.

[macsga]

Uh-oh...

• Greece and China expose limits of 'whatever it takes' (Reuters)
  China no longer has a market: China Stock Sellers Frozen Out of 71% of Market (BBG)
  China’s Market Rescue Makes Matters Worse as Prices Lose Meaning (BBG)
  China Stocks Plunge as State Support Fails to Revive Confidence (BBG)
  China Market Rout Spreads From Stocks to Price of Pig Food (BBG)
  China’s State-Owned Firms Ordered Not to Cut Share Holdings (BBG)
  Greece Requests Three-Year Bailout in First Step Toward Meeting Creditors’ Demand (WSJ)
  Greece Faces Euro Exit Unless Demands Accepted by Sunday (BBG)

http://www.zerohedge.com/news/2015-07-08/frontrunning-july-8

Seems we're in for a wild ride on BTC. I'll add the current surge on LTC's price. CCMF!

[TaurusBit]

Attacking $280 today?

[cyclotronmajesty]

Best bullish indicator ever: Tsipras talking...

http://www.newsit.gr/default.php?pname=Video&type=2

Every time he speaks BTC rallies, wtf??

LOL

What did he say? Is there any English translation?

Edit: BTC-e Is making a comeback. Can it overtake Bitstamp?

The official Tsipras translator:

A few days after this verdict we have now been given a mandate to re-double our efforts in order to get a socially-just and economically sustainable solution.


The Greek government plans to spend lots of money it hasn't got. So, give us more money!
"Brave choice of Greek people not a decision to rupture with Europe. A decision to return to founding principle of Europe"


Greek people know exactly where the money is...in Brussels. Give us more money.
"The message of the referendum is that Europe will be democratic or it will have immense difficulties surviving."


Greek people have decided not to pay back their debt. Instead give us more money.
We came to power 5 and a half months ago to try to reverse mistakes of past 5 and half years


Instead of making economies, the Greek government will spend more money of other Europeans. So, give us more money.
"We need a front-loaded growth programme. Without growth we cannot get out of the crisis"


We need more money. Lots of money. Give it to us.
Says his country has been turned into an “austerity lab”.


Making savings is unacceptable to Greeks. We want to spend other people's money. Give us more money, now.
"We have sent a request to ESM and we hope that we can reach an agreement"


Greeks want more money.
confident that in the next few days #Greece will meet obligations of this crucial time


You give us the money and we might not default on our debt to the ECB.
This is not exclusively a Greek problem, this is a European problem and European problems require European solutions.


Greeks want more money from all Europeans.

Lol.. You really look at it that way? From the outside it looks like a master / slave system.
I'd rather be free and poor than rich and enslaved. How can you enjoy life if you are constantly oppressed and in debt? They are perpetual debt slaves.

I distrust large systems of control like the EU. I do prefer order and in essence the idea isn't evil but I think the EU is run by evil banksters. This is the same money system that Bitcoin is the antidote against. I prefer no banks. Just have your own accounting system.

[ChartBuddy]

Coin
Explanation

[cogabonito]

Up we go again! Wonder if $280+ is possible today?

Why not? It's really possible. Even if we don't see 280+ today we can make 270$ resistance become strong support.

[soullyG]

Up we go again! Wonder if $280+ is possible today?

Why not? It's really possible. Even if we don't see 280+ today we can make 270$ resistance become strong support.

[dreamspark]

Someones trying to get approx 7k contracts bought on futures. Could be fireworks time. The bounce off that dip yesterday was nice and strong. More than happy to be long atm.

[shmadz]

http://www.bloomberg.com/news/articles/2015-07-08/china-trade-halts-hit-2-2-trillion-as-state-intervention-fails

Chinese equities have lost more than $3.5 trillion of value in less than a month

And you thought bitcoin was volatile?

[Elwar]

[Fatman3001]

Uh-oh...

• Greece and China expose limits of 'whatever it takes' (Reuters)
  China no longer has a market: China Stock Sellers Frozen Out of 71% of Market (BBG)
  China’s Market Rescue Makes Matters Worse as Prices Lose Meaning (BBG)
  China Stocks Plunge as State Support Fails to Revive Confidence (BBG)
  China Market Rout Spreads From Stocks to Price of Pig Food (BBG)
  China’s State-Owned Firms Ordered Not to Cut Share Holdings (BBG)
  Greece Requests Three-Year Bailout in First Step Toward Meeting Creditors’ Demand (WSJ)
  Greece Faces Euro Exit Unless Demands Accepted by Sunday (BBG)

http://www.zerohedge.com/news/2015-07-08/frontrunning-july-8

Seems we're in for a wild ride on BTC. I'll add the current surge on LTC's price. CCMF!

http://www.bloomberg.com/news/articles/2015-07-08/china-trade-halts-hit-2-2-trillion-as-state-intervention-fails

Chinese equities have lost more than $3.5 trillion of value in less than a month

And you thought bitcoin was volatile?

Who would have thought?

China has a habit of using pretty crude methods to regulate its economy. When there was a surplus of aluminium being produced they simply told the banks to stop lending money to aluminium producers. If they are going to adopt a similar ham-fisted approach to the stock market, this thing is gonna get mushroomy

If you guyz just listened to me we would be at $32k $45k already!

[BitofaN1]

Chinese exchanges done goofed?
OKcoin and Huobi at the same time ? It got to 1734 (278.59 USD) on OK and then froze? WTF is goin on?
Meanwhile finex drops hard.

[SnokkomBTC]

Chinese exchanges done goofed?
OKcoin and Huobi at the same time ? It got to 1734 (278.59 USD) on OK and then froze? WTF is goin on?
Meanwhile finex drops hard.

indeed, what's up??

[hdbuck]

short time!

[BitofaN1]

Chinese exchanges done goofed?
OKcoin and Huobi at the same time ? It got to 1734 (278.59 USD) on OK and then froze? WTF is goin on?
Meanwhile finex drops hard.

indeed, what's up??

Chinese people are moving massive funds from their crashing stock market into BTC?
One can only dream...

[noobtrader]

Chinese exchanges done goofed?
OKcoin and Huobi at the same time ? It got to 1734 (278.59 USD) on OK and then froze? WTF is goin on?
Meanwhile finex drops hard.

indeed, what's up??

273 ---> 269 finex, its not even a drop

[Elwar]

So I figured I'd check on old Wall posts around June 11 before the price started moving up (around $230).

Most of the talk was about how boring the price was but this was interesting:
https://mobile.twitter.com/maxkeiser/status/608999235149692929

"I think I have convinced Russia that Bitcoin is equivalent to Gold and that CBR (Central Bank of Russia) should be loading up on BTC." -Max Keiser


Though I have no respect for the Keiser. I wonder if there is some truth to this.

[oda.krell]

Well, well, well... look at this. Seems like this old crypto horse isn't entirely worn out yet.

[fabrizio123]

Chinese exchanges done goofed?
OKcoin and Huobi at the same time ? It got to 1734 (278.59 USD) on OK and then froze? WTF is goin on?
Meanwhile finex drops hard.

indeed, what's up??

What a joke, data just appeared from nowhere