If Greece gets better terms, then every other deadbeat country will want them too.
Public debt percent gdp world map
https://en.wikipedia.org/wiki/List_of_countries_by_public_debt
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 22838. (Read 26713007 times)
February 20, 2015, 05:34:56 AM
https://en.wikipedia.org/wiki/List_of_countries_by_public_debt
February 20, 2015, 05:29:49 AM
This is why it is so fascinating. The most logical thing for them to do is to default HARD on that debt, start from a clean slate, and we will all be vacationing in Greece next year due to the affordable prices. The Greeks are already in the worst case senario, it can't get much worse economically - the only place where it can get worse is that the Greke population may take a haircut on their savings by converting to Drachmas. If I was in charge of Greece, and I was brave enough, I'd default.
That would be the logical thing to do. Unfortunately for Greece, their politicians got in on pledging to end austerity. Which means more spending which means more borrowing. Something has to give. They can't even inflate their way out of it *and* remain in the Euro. It won't be pretty. Though if it ends with everyone fleeing the Euro, that would be a good thing.
I still think the greeks have the best poker cards. No politician want to expose that every state is insolvent. My guess is, they will extend more loans, make it look (to greeks) that they won (their national dignity, which seems like an important thing), make it look (to germans) that it cost them nothing. Using the standard politician newspeak, inventing a new meme to sign it off. Bad solution, risk up, eventually the general market will tear apart either the euro or the EU or both.
We've already covered that many times. If Greece gets better terms, then every other deadbeat country will want them too. I think the new Greek government promised what they can't possibly deliver: a debt writedown, end of austerity AND staying in the Euro. No way they do all three. No way their is no pain for Greeks. Very difficult for Greeks not to blame Tsipras and Veroufakas when the pain comes. Very likely they will get replaced by either banker toadies or far right reactionaries.
I don't think the terms matter. Only the words, which are spoken for effect.
February 20, 2015, 05:27:53 AM
This is why it is so fascinating. The most logical thing for them to do is to default HARD on that debt, start from a clean slate, and we will all be vacationing in Greece next year due to the affordable prices. The Greeks are already in the worst case senario, it can't get much worse economically - the only place where it can get worse is that the Greke population may take a haircut on their savings by converting to Drachmas. If I was in charge of Greece, and I was brave enough, I'd default.
That would be the logical thing to do. Unfortunately for Greece, their politicians got in on pledging to end austerity. Which means more spending which means more borrowing. Something has to give. They can't even inflate their way out of it *and* remain in the Euro. It won't be pretty. Though if it ends with everyone fleeing the Euro, that would be a good thing.
I still think the greeks have the best poker cards. No politician want to expose that every state is insolvent. My guess is, they will extend more loans, make it look (to greeks) that they won (their national dignity, which seems like an important thing), make it look (to germans) that it cost them nothing. Using the standard politician newspeak, inventing a new meme to sign it off. Bad solution, risk up, eventually the general market will tear apart either the euro or the EU or both.
We've already covered that many times. If Greece gets better terms, then every other deadbeat country will want them too. I think the new Greek government promised what they can't possibly deliver: a debt writedown, end of austerity AND staying in the Euro. No way they do all three. No way their is no pain for Greeks. Very difficult for Greeks not to blame Tsipras and Veroufakas when the pain comes. Very likely they will get replaced by either banker toadies or far right reactionaries.
February 20, 2015, 05:26:43 AM
Nice steady rise, I guess it has to do with CNNs show last night! Great exposure! Is there somewhere a link of the recording to watch the show by the way?
It's important to understand that not every piece of fundamental news affects BTC price action.
Which is true for just about every submarket. The media just invent, randomly, correlation between two events. The analysts sit at bars to hear what the other analysts thinks, following the stream, hoping to front run the others. Look at the reaction to the reports of oil inventory builds yesterday. The market was apparently "surprised". Who could not know that there were inventory bulding going on? Analysts, really?
February 20, 2015, 05:20:08 AM
STOP ARGUING WITH PORKCHOPS!!!
Isn't it amusing that the Freedom Loving ancap bitcoiners post mainly to command other users to ignore and don't reply to this and that?
(Myself, I can ignore people on my head. I don't see why one needs a computer to do that.)
at least no one gets thrown into jail and fined for ignoring this suggestion
I see the Esteemed Honorable Professor is attacking straw men again. The academic integrity of this man fills me with awe.
Edit: BTW, if you have people on your head you shouldn't ignore them. You have a job to do, get licking!
It would be prudent, if you know something and are able to express yourself, to meet disinformation with good information. This would be good for the expansion of bitcoin usage. Two problems: Trolls will divert your energy towards fighting them, and it is costly to lose my peace of mind. I just can't be bothered. Anyway, bitcoin will win in the end based on the self interest of the individuals. When the general market (the free market plus the nonfree market plus basically every choice that is made, economic or otherwise) is ready, the change will commence.
February 20, 2015, 05:11:31 AM
This is why it is so fascinating. The most logical thing for them to do is to default HARD on that debt, start from a clean slate, and we will all be vacationing in Greece next year due to the affordable prices. The Greeks are already in the worst case senario, it can't get much worse economically - the only place where it can get worse is that the Greke population may take a haircut on their savings by converting to Drachmas. If I was in charge of Greece, and I was brave enough, I'd default.
That would be the logical thing to do. Unfortunately for Greece, their politicians got in on pledging to end austerity. Which means more spending which means more borrowing. Something has to give. They can't even inflate their way out of it *and* remain in the Euro. It won't be pretty. Though if it ends with everyone fleeing the Euro, that would be a good thing.
I still think the greeks have the best poker cards. No politician want to expose that every state is insolvent. My guess is, they will extend more loans, make it look (to greeks) that they won (their national dignity, which seems like an important thing), make it look (to germans) that it cost them nothing. Using the standard politician newspeak, inventing a new meme to sign it off. Bad solution, risk up, eventually the general market will tear apart either the euro or the EU or both.
February 20, 2015, 04:59:35 AM
February 20, 2015, 04:55:03 AM
Nice slow steady uptrend, bears not clogging up the forum with derision and contrived FUD, a nice piece about BTC on CNN that was fairly accurate and informative... what the hell is going on here!?!?! 
Bitcoin is here to surprise you. When everyone has gotten used to the bear market, trolls and dumpage, it will quietly disappear to mess with your mind
It went to 245$ but it will likely go down to 220ish again.
220? Nuh
$235
February 20, 2015, 04:54:28 AM
Nice slow steady uptrend, bears not clogging up the forum with derision and contrived FUD, a nice piece about BTC on CNN that was fairly accurate and informative... what the hell is going on here!?!?!
Bitcoin is here to surprise you. When everyone has gotten used to the bear market, trolls and dumpage, it will quietly disappear to mess with your mind
?? We were $20 higher five days ago. Don't you think proclaiming an end of the bear market is a little premature? How abouts we go a week without a $40 dump first?
I'm not making any statement about the end of the bear market. I'm just saying if you need your expectations invalidated or your mind bended, Bitcoin is here for you
February 20, 2015, 04:52:07 AM
Nice steady rise, I guess it has to do with CNNs show last night! Great exposure! Is there somewhere a link of the recording to watch the show by the way?
It's important to understand that not every piece of fundamental news affects BTC price action.
February 20, 2015, 04:46:55 AM
Nice steady rise, I guess it has to do with CNNs show last night! Great exposure! Is there somewhere a link of the recording to watch the show by the way?
February 20, 2015, 04:22:44 AM
Nice slow steady uptrend, bears not clogging up the forum with derision and contrived FUD, a nice piece about BTC on CNN that was fairly accurate and informative... what the hell is going on here!?!?!
Bitcoin is here to surprise you. When everyone has gotten used to the bear market, trolls and dumpage, it will quietly disappear to mess with your mind
It went to 245$ but it will likely go down to 220ish again.
February 20, 2015, 04:21:36 AM
Nice slow steady uptrend, bears not clogging up the forum with derision and contrived FUD, a nice piece about BTC on CNN that was fairly accurate and informative... what the hell is going on here!?!?!
Bitcoin is here to surprise you. When everyone has gotten used to the bear market, trolls and dumpage, it will quietly disappear to mess with your mind
?? We were $20 higher five days ago. Don't you think proclaiming an end of the bear market is a little premature? How abouts we go a week without a $40 dump first?
February 20, 2015, 04:12:23 AM
Nice slow steady uptrend, bears not clogging up the forum with derision and contrived FUD, a nice piece about BTC on CNN that was fairly accurate and informative... what the hell is going on here!?!?!
Bitcoin is here to surprise you. When everyone has gotten used to the bear market, trolls and dumpage, it will quietly disappear to mess with your mind
February 20, 2015, 04:06:58 AM
looks to me like the no sub-230 coins held ... and we had 3 good, solid tests of 240, I would not be surprised to never see sub-240 again either.
Just be prepared mentally for such outcomes with bitcoin, its a tough market to trade long and medium term like that.
"Tough times don't last. Tough people do." - unattributed
Just be prepared mentally for such outcomes with bitcoin, its a tough market to trade long and medium term like that.
"Tough times don't last. Tough people do." - unattributed
I'd feel more bullish if we hang out in the $240s for a while to consolidate and give people some time to get used to that price as normal first, but if we continue at a sustainable pace then I may re-evauate my analysis (ok guess) that this is less an intentional short squeeze initiated by powerful market manipulators and more of an actual trend reversal.
February 20, 2015, 04:00:07 AM
looks to me like the no sub-230 coins held ... and we had 3 good, solid tests of 240, I would not be surprised to never see sub-240 again either.
Just be prepared mentally for such outcomes with bitcoin, its a tough market to trade long and medium term like that.
"Tough times don't last. Tough people do." - unattributed
Just be prepared mentally for such outcomes with bitcoin, its a tough market to trade long and medium term like that.
"Tough times don't last. Tough people do." - unattributed
February 20, 2015, 03:59:36 AM
February 20, 2015, 03:55:44 AM
Nice slow steady uptrend, bears not clogging up the forum with derision and contrived FUD, a nice piece about BTC on CNN that was fairly accurate and informative... what the hell is going on here!?!?!
Chinese New Year
February 20, 2015, 03:54:29 AM
Nice slow steady uptrend, bears not clogging up the forum with derision and contrived FUD, a nice piece about BTC on CNN that was fairly accurate and informative... what the hell is going on here!?!?!
"we have turned off the seatbelt sign, you are free to move about the cabin ..."
February 20, 2015, 03:54:01 AM
Nice slow steady uptrend, bears not clogging up the forum with derision and contrived FUD, a nice piece about BTC on CNN that was fairly accurate and informative... what the hell is going on here!?!?!
It's starting to look a little parabolicky. Might be time to tap the brakes soon (or at least ease off the gas a little).
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