Topic: Rally!!!!! - page 10. (Read 31586 times)

This is true. For example me personally, I have been busy shorting since 250. Srry you guys.

I think you are not aware of the heavy resistances, bitcoin has to face in this price range.

This is totally bonkers. Up $5 after all this chaos? Madness I say.

I agree, you'd think at least $300 per coin

Snowball effect?

Cyprus all over again. Just on a bigger scale. Strap in.

Puerto Rico’s Governor Says Island’s Debts Are ‘Not Payable’
By MICHAEL CORKERY and MARY WILLIAMS WALSH | JUNE 28, 2015



Puerto Rico’s governor, saying he needs to pull the island out of a “death spiral,” has concluded that the commonwealth cannot pay its roughly $72 billion in debts, an admission that will probably have wide-reaching financial repercussions.

The governor, Alejandro García Padilla, and senior members of his staff said in an interview last week that they would probably seek significant concessions from as many as all of the island’s creditors, which could include deferring some debt payments for as long as five years or extending the timetable for repayment.

“The debt is not payable,” Mr. García Padilla said. “There is no other option. I would love to have an easier option. This is not politics, this is math.”

It is a startling admission from the governor of an island of 3.6 million people, which has piled on more municipal bond debt per capita than any American state.

A broad restructuring by Puerto Rico sets the stage for an unprecedented test of the United States municipal bond market, which cities and states rely on to pay for their most basic needs, like road construction and public hospitals.

That market has already been shaken by municipal bankruptcies in Detroit; Stockton, Calif.; and elsewhere, which undercut assumptions that local governments in the United States would always pay back their debt.

Puerto Rico’s bonds have a face value roughly eight times that of Detroit’s bonds. Its call for debt relief on such a vast scale could raise borrowing costs for other local governments as investors become more wary of lending.

Perhaps more important, much of Puerto Rico’s debt is widely held by individual investors on the United States mainland, in mutual funds or other investment accounts, and they may not be aware of it.

Puerto Rico, as a commonwealth, does not have the option of bankruptcy. A default on its debts would most likely leave the island, its creditors and its residents in a legal and financial limbo that, like the debt crisis in Greece, could take years to sort out.

...

FULL TEXT: http://www.nytimes.com/2015/06/29/business/dealbook/puerto-ricos-governor-says-islands-debts-are-not-payable.html

ATHENS, Greece — Greece's five-year financial crisis took its most dramatic turn to date Sunday, with the prime minister announcing Greek banks would remain shut indefinitely and restrictions would be imposed on cash withdrawals.

The decision came on the recommendation of the Bank of Greece, Prime Minister Alexis Tsipras said during a televised address to the nation. He didn't immediately say what types of capital controls would be imposed.

...

http://www.nytimes.com/aponline/2015/06/28/world/europe/ap-eu-greece-bailout.html

If your capital can be controlled it's not your capital anymore. - Satoshi Nakamoto.

https://twitter.com/pdimitrakos/status/615271754097926144

There was a fairly big dump the last time we got near 260 but the price is slowly starting to creep up again. The next time we get near 250 there should be less profit takers prepared to dump. That should make it much easier to break above it the next time.

Sad when other people are happy? Maybe you should talk to someone.

Sad when other people are happy? Maybe you should talk to someone.

people get happy just because the price went up a few bucks. that's sad. i get excited once we're over the $300 level. any movements below $300 aren't worth waiting for.

people get happy just because the price went up a few bucks. that's sad. i get excited once we're over the $300 level. any movements below $300 aren't worth waiting for.

we were at above 250 some day ago, i'm not satisfied at all, i'll begin to be excited when we touch 260-275 range at least

248$ and increasing,

There was a fairly big dump the last time we got near 260 but the price is slowly starting to creep up again. The next time we get near 250 there should be less profit takers prepared to dump. That should make it much easier to break above it the next time.