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

[Tzupy]

Some bearish news: http://arstechnica.com/security/2015/07/dozens-arrested-in-international-crackdown-on-darkode-crime-forum/
It is possible the feds will have more bitcoins to auction during the next year.

[Fatman3001]

Some bearish news: http://arstechnica.com/security/2015/07/dozens-arrested-in-international-crackdown-on-darkode-crime-forum/
It is possible the feds will have more bitcoins to auction during the next year.

Will you short on the parliament voting today?

[Fatman3001]

Prob a repost, but:

http://www.bbc.com/news/business-33531845

"One senior IMF official said the fund would only participate in a third bailout for Greece if EU creditors produce "a clear plan"."

Seems like this greek tragedy has some twists and bends left.

[ChartBuddy]

Coin
Explanation

[Miz4r]

Greek government will agree to the terms, but will the Greek people?

do you think that it matters?

Tsipras is almighty right now and he will stay that way for at least 6 months

all I am saying is that if you believe the BTC price correlates to the Greek situation
do not expect a rise in BTC price from what the parliament will decide tonight

I do think it matters and that there is a correlation, but the correlation is not 1.0 and it's more complicated than just what the parliament will decide. A 'no' will be a surprising result and will probably lead to a direct rally, a 'yes' however will not affect the price that much in my opinion as that is the expected result already. How the Greek people will react to this is another factor, if there is social unrest and strikes everywhere they could force the government to reconsider and look back to Europe and say ''Look we did what you told us and this is the result. It's not going to work if the people can't get behind it."

[podyx]

Some bearish news: http://arstechnica.com/security/2015/07/dozens-arrested-in-international-crackdown-on-darkode-crime-forum/
It is possible the feds will have more bitcoins to auction during the next year.

Has nothing to do with bitcoin or even cryptocurrencies in general

[inca]

The vote almost a foregone conclusion and therefore should be priced in already. There is an edge case that there will be a rebellion by the greek MP's and that should be hugely bullish for bitcoin. But otherwise this was decided at the eurogroup meeting. Grexit deferred.

[Elwar]

Some bearish news: http://arstechnica.com/security/2015/07/dozens-arrested-in-international-crackdown-on-darkode-crime-forum/
It is possible the feds will have more bitcoins to auction during the next year.

As time goes on and people protect their keys better it is unlikely that the feds will have many more auctions.

[Elwar]

https://twitter.com/mashable/status/621119289622462464

We all need to work toward being able to drop our banks. Just chip away at those last few things that you're stuck using banks for until you can drop them completely.

I am a month away from not using my bank ever again. I will wait until the end of year just to be sure, then drop it.

[LFC_Bitcoin]

https://twitter.com/mashable/status/621119289622462464

Horrific news for the Greek public. Banks closed until mid August so that 60 euro a day withdrawal limit will stay in place then. It must be a nightmare, absolute nightmare. Imagine not being able to get access to YOUR money.

I suppose the financially clued up people would have seen this coming months ago & acted as necessary.

[Buffer Overflow]

Imagine not being able to get access to YOUR money.

Trouble is once you deposit money in a bank it is no longer your money. All you own is some bank IOUs.

Lesson. Only ever put money into a bank you can afford to lose.

[spiderbrain]

Trouble is once you deposit money in a bank it is no longer your money. All you own is some bank IOUs.

Lesson. Only ever put money into a bank you can afford to lose.

wise words indeed.

[ImI]

https://twitter.com/mashable/status/621119289622462464

Horrific news for the Greek public. Banks closed until mid August so that 60 euro a day withdrawal limit will stay in place then. It must be a nightmare, absolute nightmare. Imagine not being able to get access to YOUR money.

I suppose the financially clued up people would have seen this coming months ago & acted as necessary.

What i dont get: The greeks are still able to send money from Greece to Greece. So why they dont send money to BTC-exchanges and use BTC to get a grip to their funds?

I mean i here nothing about that. Obv Tsipras would immediately forbid BTC in Greece, nevertheless it would be a sign of peoples power. But they dont do it! Why?

[Lincoln6Echo]

https://twitter.com/mashable/status/621119289622462464

Horrific news for the Greek public. Banks closed until mid August so that 60 euro a day withdrawal limit will stay in place then. It must be a nightmare, absolute nightmare. Imagine not being able to get access to YOUR money.

I suppose the financially clued up people would have seen this coming months ago & acted as necessary.

What i dont get: The greeks are still able to send money from Greece to Greece. So why they dont send money to BTC-exchanges and use BTC to get a grip to their funds?

I mean i here nothing about that. Obv Tsipras would immediately forbid BTC in Greece, nevertheless it would be a sign of peoples power. But they dont do it! Why?

Well, I think the answer is easy: There is no BTC Exchange in Greece. Only a few Bitcoin Atms...
+most people know nothing about Bitcoin.

[ChartBuddy]

Coin
Explanation

[ImI]

https://twitter.com/mashable/status/621119289622462464

Horrific news for the Greek public. Banks closed until mid August so that 60 euro a day withdrawal limit will stay in place then. It must be a nightmare, absolute nightmare. Imagine not being able to get access to YOUR money.

I suppose the financially clued up people would have seen this coming months ago & acted as necessary.

What i dont get: The greeks are still able to send money from Greece to Greece. So why they dont send money to BTC-exchanges and use BTC to get a grip to their funds?

I mean i here nothing about that. Obv Tsipras would immediately forbid BTC in Greece, nevertheless it would be a sign of peoples power. But they dont do it! Why?

Well, I think the answer is easy: There is no BTC Exchange in Greece.

Are you sure about that? I thought i read it somewhere.

[Mayer Amschel]

https://twitter.com/mashable/status/621119289622462464

Horrific news for the Greek public. Banks closed until mid August so that 60 euro a day withdrawal limit will stay in place then. It must be a nightmare, absolute nightmare. Imagine not being able to get access to YOUR money.

I suppose the financially clued up people would have seen this coming months ago & acted as necessary.

What i dont get: The greeks are still able to send money from Greece to Greece. So why they dont send money to BTC-exchanges and use BTC to get a grip to their funds?

I mean i here nothing about that. Obv Tsipras would immediately forbid BTC in Greece, nevertheless it would be a sign of peoples power. But they dont do it! Why?

Well, I think the answer is easy: There is no BTC Exchange in Greece. Only a few Bitcoin Atms...
+most people know nothing about Bitcoin.

Well, incorrect.

https://www.btcgreece.com/

[LFC_Bitcoin]

Are the Greek banks still allowing direct debits to process e.g. Monthly mortgages, car finances, utility bills, phone bills.

[gentlemand]

Well, I think the answer is easy: There is no BTC Exchange in Greece. Only a few Bitcoin Atms...
+most people know nothing about Bitcoin.

https://www.btcgreece.com/ that looks like one.

I think most in here are steeped in their lack of awareness of the wider world's lack of awareness. To the average Greek BTC is going to look like utter gobbledigook.

It'll take more than a few bespectacled tech writers in far off countries to convince them to trust something completely unknown.

[Torque]

Prob a repost, but:

http://www.bbc.com/news/business-33531845

"One senior IMF official said the fund would only participate in a third bailout for Greece if EU creditors produce "a clear plan"."

Seems like this greek tragedy has some twists and bends left.

Yeah.  Check this out:

http://www.nytimes.com/2015/07/15/upshot/the-imf-is-telling-europe-the-euro-doesnt-work.html?_r=0&abt=0002&abg=0