Cyprus Looking Resolved -> Time To Sell The Bitcoin Top?

KSV

sr. member

Activity: 398

Merit: 250

SVERIGES VIRTUELLA VALUTAVÄXLING

Quote from: bonker on March 22, 2013, 02:49:10 PM

Looks like something has been worked out in the Cypriot situation. Basically they're going to let the small guys with less than $100k off.

Problem solved, immediate crisis over.... Time to take those short term Bitcoin bubble profits ( I did Cheesy

)

good call

alexeft

legendary

Activity: 854

Merit: 1000

It is actually the time to buy in an as frantic a pace as one can!!!

Cyprus is going to agree to steal from accounts that are higher than 100000€.
It is said that the percentage will be close to 25%.

WHATSMORE, spain is haircutting deposits at 0.1% to 0.2% http://www.presseurop.eu/en/content/news-brief/3569661-spanish-banking-levy-will-collect-3bn
Some might think that it's nothing but it's a continuation on the Cypriot line....

granolageek

member

Activity: 60

Merit: 10

Quote from: bonker on March 23, 2013, 02:52:52 AM

I am in insider.

I've been watching since 2007. The insiders have been lying every day since then. If I believed you, that would be a long term buy signal.

yocko06

full member

Activity: 182

Merit: 100

1Kgyk4nQSzb3Pm9E9vWiGVyJ6jpPwripKf

bitcoin always falls after a fast jump, but it also always rises up past the jump record and this becomes the new bottom price. nothing that is happening is out of the ordinary for bitcoin. you can sell before it falls and if your smart you will buy back in when it's low. This is a good way to make some easy money. What this crises brings is bitcoin awareness to the world. more users equals higher demand witch will push the price up.

bonker

hero member

Activity: 784

Merit: 502

Quote from: Sage on March 23, 2013, 02:25:02 AM

Trading on news... a dangerous proposition.

Usually the news is intentionally meant to mislead.

We'll likely see a pullback, but not because this crisis has been resolved... Not by a long-shot.

The fundamentals that caused it are still very much in place and only going to get worse.

...The pullback will simply be because the rise was too far too fast in the last few days.

If you want to trade on news watch for Germany bringing back the Deutschmark (hear me now believe me later... it will happen). But likely the insiders will know about it way before you do.

I am in insider.

Sage

hero member

Activity: 632

Merit: 500

Trading on news... a dangerous proposition.

Usually the news is intentionally meant to mislead.

We'll likely see a pullback, but not because this crisis has been resolved... Not by a long-shot.

The fundamentals that caused it are still very much in place and only going to get worse.

...The pullback will simply be because the rise was too far too fast in the last few days.

If you want to trade on news watch for Germany bringing back the Deutschmark (hear me now believe me later... it will happen). But likely the insiders will know about it way before you do.

bitcoincraps

member

Activity: 98

Merit: 10

When banks will reopen in Cyprus next week, you will see the biggest bank run ever. We talk about thousands of people that could not access their money for over a week. They will never trust a bank again. They will never trust a government again.

billysykes

newbie

Activity: 19

Merit: 0

This hasn't been resolved yet, the government is taking the yet again delayed vote on everything today (Saturday), when the banks re-open they ar limiting capital (according to the rumors). As a long term Bitcoin user I have been barking on for the past 18 months about BTC but it has always fallen on deaf ears with the usual arguments etc, but now hopefully people will change their views.

Now its the task of getting the shops in the area to accept BTC or LTC Grin

BTCLuke

hero member

Activity: 526

Merit: 508

My other Avatar is also Scrooge McDuck

We won't see much of a downside. Maybe $10 to $15 at the worst and then we'll be right back here in a week or so when Cyprus, Spain, Portugal, Italy, Greece, or Argentina pulls a similar scaremongerment again.

Hoping that will take us to $100.

teknetz

newbie

Activity: 46

Merit: 0

Expect a run on the banks anyways when they finally do open... I dont doubt that much of that cash(if they can get it) will be put directly into bitcoin.

nevafuse

sr. member

Activity: 247

Merit: 250

Resolved? Maybe temporarily, but the damage has already been done. People were under the impression their bank accounts were untouchable. Now people all over the world are worried the same thing could happen in their country. You can't come back from that. Especially when other & better options now exist.

desired_username

hero member

Activity: 886

Merit: 1013

As some of you, I'm holding onto BTC too as the "top" is very far imho (if it doesn't fail of course, but this is only gamble and I'm prepared to lose Cheesy

)

meanig

hero member

Activity: 531

Merit: 501

One of the outcomes of this will be strict capital controls in Cyprus.

Does anyone know a good way to avoid capital controls Roll Eyes

granolageek

member

Activity: 60

Merit: 10

Quote from: bonker on March 22, 2013, 02:49:10 PM

Looks like something has been worked out in the Cypriot situation. Basically they're going to let the small guys with less than $100k off.

Problem solved, immediate crisis over.... Time to take those short term Bitcoin bubble profits ( I did Cheesy

)

That's what the Germans want. The Cyprus Parliament has yet to agree.

carborundum

newbie

Activity: 57

Merit: 0

Quote from: BCB on March 22, 2013, 02:54:07 PM

watching

(but Spain is next)

And we'll still see a run in Cyprus when the banks reopen.

Oh yeah, absolutely. Medium term this thing is going to stagger from crisis to crisis and Bitcoin is going up up up!

BCB

vip

Activity: 1078

Merit: 1002

BCJ

watching

(but Spain is next)

And we'll still see a run in Cyprus when the banks reopen.

bonker

hero member

Activity: 784

Merit: 502

Looks like something has been worked out in the Cypriot situation. Basically they're going to let the small guys with less than $100k off.

Problem solved, immediate crisis over.... Time to take those short term Bitcoin bubble profits ( I did Cheesy

)

Topic: Cyprus Looking Resolved -> Time To Sell The Bitcoin Top? (Read 2087 times)