Coin
Explanation
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 21506. (Read 26708159 times)
June 17, 2015, 06:57:16 AM
June 17, 2015, 06:51:56 AM
Yea I'm in USD. 
I'm very hesitant about buying into a pump.
I'm very hesitant about buying into a pump.
Really? We've had months upon months to load up and now, when the train is leaving, you have no tickets?
What have you been doing last six months?
June 17, 2015, 06:50:47 AM
June 17, 2015, 06:48:48 AM
http://www.telegraph.co.uk/finance/11680077/Bank-of-Greece-issues-grave-warning-of-Grexit-as-British-government-prepares-for-fallout-live.html
(four months are almost up lets see if we get another last minute reprieve, or a giant kick into the collective balls....)
Maybe they are going to use the next four months (or do I mean days?) to prepare for a soft grexit, rather than dealing with a hard grexit sooner. Or maybe they are just trying to figure out how to phrase the word "default" so it sounds more like "perpetual bond"
ngmythoughts>
Directly... at this point in time.... very little.
Indirectly... a lot.
I am not sat here with my cock in hand hoping for a financial crash in hopes of escaping capital outflows benefiting BTC, because well at this point in time I do not see it happening.
However, there is an increasing possibility no matter how the current situation pans out, that we may see capital controls put in place (not just in greece either) due to the situation in Greece. there is a perfect storm scenario where the Greece leaves the union, and the ECB declare they will not provide temporary liquidity to cover the capital flight from greece. In fact there is the scenario where even if it does not go that far, the billions of euros a week that are currently leaving the greek banking system, continues and accelerates, even without a grexit. Basically capital controls could be put in place, and directly at this point in time, the effect for BTC will be very little.. but, it will be yet another exhibition of capital controls, and even if the greeks are not thinking about it, others will be.
So if the Swiss unpeg was the first canary in the mine.... perhaps Greece is our second canary..
Plus also BTC does not operate in a vacuum anymore than Greece or Europe does... as I said earlier if Greece leaves it is relevant to most, and certainly to anything to do with the economy/investments etc. I have posted on here in the past about my view of how BTC may be impacted by a (medium sized) financial crisis.
(four months are almost up lets see if we get another last minute reprieve, or a giant kick into the collective balls....)
Forgive my ignorance but what does Greece have to do with the price of BTC?
Directly... at this point in time.... very little.
Indirectly... a lot.
I am not sat here with my cock in hand hoping for a financial crash in hopes of escaping capital outflows benefiting BTC, because well at this point in time I do not see it happening.
However, there is an increasing possibility no matter how the current situation pans out, that we may see capital controls put in place (not just in greece either) due to the situation in Greece. there is a perfect storm scenario where the Greece leaves the union, and the ECB declare they will not provide temporary liquidity to cover the capital flight from greece. In fact there is the scenario where even if it does not go that far, the billions of euros a week that are currently leaving the greek banking system, continues and accelerates, even without a grexit. Basically capital controls could be put in place, and directly at this point in time, the effect for BTC will be very little.. but, it will be yet another exhibition of capital controls, and even if the greeks are not thinking about it, others will be.
So if the Swiss unpeg was the first canary in the mine.... perhaps Greece is our second canary..
Plus also BTC does not operate in a vacuum anymore than Greece or Europe does... as I said earlier if Greece leaves it is relevant to most, and certainly to anything to do with the economy/investments etc. I have posted on here in the past about my view of how BTC may be impacted by a (medium sized) financial crisis.
June 17, 2015, 06:45:13 AM
[snip]
This is still not clear to me. Exactly what is going to happen after Friday?
P. Diddy tweeted and posted on Instagram about the movie 'Dope' being the first to accept Bitcoin. It premieres on Friday.
Diddy's Twitter account has 10M followers. Instagram has almost 5M followers. Pharrell also posted on Instagram to a quarter million fans.
June 17, 2015, 06:42:32 AM
All bears will be EXTERMINATED!
June 17, 2015, 06:39:42 AM
If we pass 260, I'll make myself a strong drink. I don't care if it's in the middle of the day! 
I thought 266 is the magic number.
June 17, 2015, 06:37:32 AM
Can we expect 270$ for today ? 
June 17, 2015, 06:35:32 AM
I see this as a natural correction that was bound to happen sooner or later.
+1
June 17, 2015, 06:34:32 AM
It is really possible to arb BTC with LTC? Or with XMR?. Since they are based in BTC seems like a flawed logic...
They are not 'based in BTC'. LTC or XMR or any other cryptocurrency can be used to quickly get funds from 1 exchange to another. As long as the LTC/BTC or XMR/BTC pair remains the same at 2 exchanges, while there is a difference in the USD/BTC exchange rates, you can use it to arb. Thing is that the LTC/BTC pairs have less liquidity, and will probably quickly become the same or similar at the various exchanges. (I don't have any experience doing this, just based on theory)
I'm not sure if whoever's hoarding LTC is trying to make money on the arb or just trying to manage the BTC pump.
Retard question: Is it reasonable to assume that the LTC is being bought to help distribute the pump then or are these things totally unrelated?
LTC has usually followed the Bitcoin price.
During the jump to $1200/BTC it got up to around $40/LTC. Crashed in the same way.
I believe it is generally believed that if Bitcoin becomes a major currency, then Litecoin will be one as well. Just less so.
June 17, 2015, 06:33:49 AM
Log downtrend broken on huobi and finex
June 17, 2015, 06:32:49 AM
Retard question: Is it reasonable to assume that the LTC is being bought to help distribute the pump then or are these things totally unrelated?
I think people buying LTC buy it to make a profit. Either they expect BTC to rise significantly, and LTC to rise even more (EDIT: because LTC tends to be an exaggerated version of BTC), or they think they are frontrunning the reward halving.
June 17, 2015, 06:31:21 AM
NLC still posting bearish crap. Must be feeling helpless watching the price keep rising.
Let's see if we retest the log downtrend line.
Let's see if we retest the log downtrend line.
INCA - I have seen multiple charts/theories of where the log downtrend line is. Where do you see it? And I imagine at $259.10 we have broken it.
June 17, 2015, 06:29:52 AM
Movement currently is very powerful.
Edit: especially on chinese exchanges!
Edit: especially on chinese exchanges!
June 17, 2015, 06:28:57 AM
It is really possible to arb BTC with LTC? Or with XMR?. Since they are based in BTC seems like a flawed logic...
They are not 'based in BTC'. LTC or XMR or any other cryptocurrency can be used to quickly get funds from 1 exchange to another. As long as the LTC/BTC or XMR/BTC pair remains the same at 2 exchanges, while there is a difference in the USD/BTC exchange rates, you can use it to arb. Thing is that the LTC/BTC pairs have less liquidity, and will probably quickly become the same or similar at the various exchanges. (I don't have any experience doing this, just based on theory)
I'm not sure if whoever's hoarding LTC is trying to make money on the arb or just trying to manage the BTC pump.
Retard question: Is it reasonable to assume that the LTC is being bought to help distribute the pump then or are these things totally unrelated?
June 17, 2015, 06:28:39 AM
June 17, 2015, 06:28:23 AM
June 17, 2015, 06:25:22 AM
June 17, 2015, 06:25:13 AM
someone trying to push that price back down.
Says who?
We're still going in the right direction. I'm actually surprised that we're seeing this positive thread right now. Has anyone figured out what is causing this? Greece?
Hey, it does not matter even if this does not happen, we gonna rally until Friday either way..
This is still not clear to me. Exactly what is going to happen after Friday?We should't have been in this low range in the first place. If you all recall we were well on the way to breaking back into the 300s when a dark market got hacked and bears used it as an excuse to push the price lower... then we got stuck in this whole 'the sky is falling' block-size debate. I see this as a natural correction that was bound to happen sooner or later.
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