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

[spiderbrain]

Woot bitcoin was at $310+ !!!




Freaking hell...

Bitcoin gets a lot more volatile than this! Stick around and you will see some real insanity at some point.

[BTCat]

Such dump, what happened?

greece deal was reached: http://www.itv.com/news/story/2015-07-13/eurozone-leaders-reach-agreement-on-greece-debt-deal/

That actually makes a lot of sense given that it was recent news
Nice find didn't even know that occurred but it looks like the markets reacted instantly to it.

French President Francois Hollande has said "Europe has won" as a debt deal was struck with Greece.

He said that to have lost Greece as a member would have been to lose "the heart of our civilisation" and called on the Greek parliament to convene within hours to adopt the new package of austerity measures.

Greek banks are expected to remain closed for a few more days while details of the package are finalised.

Hey, wait a minute. Isn't Eurogroup just pumping and dumping Greece? How in the world can Greek government accept this deal that is even worse then before the referendum.
I think the world is getting tossed around and this week all can still change.
The Bitcoin dump is purely moves from speculators. Good that some hot air went out.

Euro is now drunk with success.

[inca]

Not sure who is selling now in the low 280's after a 35 dollar drop.

The orderbook and the ferocity of the sell off tells the whole story. If this was a 'real' sell off then the chappy with 12k coins sat like a sword of damocles on the ask orderbook would have just sold. I wouldn't be surprised if the orderbook flips around to the bull side over the next few days once he has reaccumulated from panicking prawns.

Bottom line if bitcoin holds in the 275-300 range for the next few days then the bull is still ON!

[Wolf Rainer]

Not sure who is selling now in the low 280's after a 35 dollar drop.

The orderbook and the ferocity of the sell off tells the whole story.

Bottom line if bitcoin holds in the 275-300 range for the next few days then the bull is still ON!

[bt62567]

"Hey, wait a minute. Isn't Eurogroup just pumping and dumping Greece? How in the world can Greek government accept this deal that is even worse then before the referendum.
I think the world is getting tossed around and this week all can still change.
The Bitcoin dump is purely moves from speculators. Good that some hot air went out.

Euro is now drunk with success."


-Yes, and too many falsely thinking that the euro is now the greece/usd, but now just more things to front run

[inca]

14 dollars to 300  
2k coins only to 300 on stamp.
The manipulator is most of the coins on finex.

Come on China do yo thing!

[DaRude]

Not sure who is selling now in the low 280's after a 35 dollar drop.

The orderbook and the ferocity of the sell off tells the whole story.

Bottom line if bitcoin holds in the 275-300 range for the next few days then the bull is still ON!

That does look familiar 

[8up]

Not sure who is selling now in the low 280's after a 35 dollar drop.

The orderbook and the ferocity of the sell off tells the whole story. If this was a 'real' sell off then the chappy with 12k coins sat like a sword of damocles on the ask orderbook would have just sold. I wouldn't be surprised if the orderbook flips around to the bull side over the next few days once he has reaccumulated from panicking prawns.

Bottom line if bitcoin holds in the 275-300 range for the next few days then the bull is still ON!

At this stage in the game. Forget the orderbook. It's pure distraction.

[cryptasm]

Not sure who is selling now in the low 280's after a 35 dollar drop.

The orderbook and the ferocity of the sell off tells the whole story.

Bottom line if bitcoin holds in the 275-300 range for the next few days then the bull is still ON!

That does look familiar 

yea i think we had exactly those phaces once already

[ChartBuddy]

Coin
Explanation

[Fiat_Hodler]

I hate when BTC-e is $10 lower than other exchanges and no one arbitrages.... Cmon people.....

[AlexGR]

1) Greek capital controls remain in place, ATM withdrawals are at 50/60 euros per day, no matter the deal. Which means the only way for buying something from abroad is BTC.

2) There is increased risk for bail-in, which is far "better" pump material than capital controls

The deal has not solved any of the fundamental banking issues.

[Morecoin Freeman]

People really believe your average Joe from Greece will buy many bitcoins?

That's just stupid on so many levels.

[Alley]

Will be interesting to see what America does when they wake up to this.

[simmo77]

People really believe your average Joe from Greece will buy many bitcoins?

That's just stupid on so many levels.

Agreed - but that makes this uptrend even more interesting, doesn't it? (still up 25% last 30 days)

edit: IMO Greece is a minor factor in this recent rise

[Elwar]

The mean is closer to $400.

[8up]

People really believe your average Joe from Greece will buy many bitcoins?

That's just stupid on so many levels.

No one in here thinks this is the case. You seem to be the only one.

[Andre#]

I hate when BTC-e is $10 lower than other exchanges and no one arbitrages.... Cmon people.....

Why? Apparently, that's the place to buy them now.

[Morecoin Freeman]

No one in here thinks this is the case. You seem to be the only one.

This actually was discussed on here.


Something intelligent was said also:

No effect at all. Greece is far behind when it comes to technogical progress and awarness.

But trader will trade according to the news.

This person has a good and realistic read on what is going on.

[herzmeister]

That does look familiar  

yea i think we had exactly those phaces once already

nice, looks like i can sell a bitcoin for ~$1,000,000 in ~2018 and buy one for ~$10 in ~2019