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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 22845. (Read 26712930 times)

sr. member
Activity: 350
Merit: 250
bought back in,and now the price drops Tongue
The god of trading demands pain before gain. Sweat it out.
sr. member
Activity: 384
Merit: 250
bought back in,and now the price drops Tongue

Hold and it will rebound.
hero member
Activity: 504
Merit: 500
Moderator
sr. member
Activity: 384
Merit: 250
hero member
Activity: 854
Merit: 1000
legendary
Activity: 2604
Merit: 3056
Welt Am Draht
I don't believe Cyprus had much direct effect on the BTC price. The idea that the Cyprus crisis was causing a price boost was mentioned in the news in the US and Europe, which generated some hype. Some Europeans bought bitcoins, but I don't think much of the buying actually came from Cyprus.

Bitcoin was new and exciting back then. I'm not convinced another financial crisis now would have a similar effect.

Anyone who thinks the average Cypriot read up on BTC and then bought in within the space of a few days is tripping their tits off. It was inspiration for existing believers to buy more and that's about it.
legendary
Activity: 1232
Merit: 1011
BFX swaps @ 19,885. Only borrowed coins are being sold. They will have to be repurchased.

I love it when a plan comes together.


I threw in an extra hundred bucks just for shits and giggles.



great plan!

btw thanks for an extra hundred bucks!
hero member
Activity: 888
Merit: 500
bought back in,and now the price drops Tongue
sr. member
Activity: 344
Merit: 250
I don't believe Cyprus had much direct effect on the BTC price. The idea that the Cyprus crisis was causing a price boost was mentioned in the news in the US and Europe, which generated some hype. Some Europeans bought bitcoins, but I don't think much of the buying actually came from Cyprus.

Bitcoin was new and exciting back then. I'm not convinced another financial crisis now would have a similar effect.
hero member
Activity: 910
Merit: 1003

Well, he hasn't confiscated them, just nationalized them.   Which may be the first step to siphoning money out of them, but also may protect them from madoffitis or lehmannbrodosis. 

(In my 20s I contributed for several years to a private pension fund that eventually goxxed.  A few years ago the neocon governor of the State of São Paulo privatized the state workers' pension fund, which among other things means less transparency and accountability, and less obligation for the state in case the fund sinks, and put his cronies at the helm.  So, frankly, I do not feel much about Morales's move, either way.)
legendary
Activity: 1106
Merit: 1007
Hide your women
BFX swaps @ 19,885. Only borrowed coins are being sold. They will have to be repurchased.

I love it when a plan comes together.
full member
Activity: 192
Merit: 101
Greece and Russia will not go into BTC they will go in DRK.

pippo ----- Russia
Darkcoin lol get out of it


Tell me why pls
legendary
Activity: 1078
Merit: 1441
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 it 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.



Medium sized crisis.

The thing about those, is they start small, then end BIG.  We are well into medium already.  Should continue to develop into big over the next couple years.

Sorry to clarify:  We are in the middle of a enormous financial crisis shit-storm, the likes of which we have never seen before. What I meant was that a Lehman collapse, or a Grexit, are medium sized crisis (which are in fact symptoms of the enormous financial shit storm)  

I think "big" and "huge" and "enormous" crisis would be events such as , G8 nation defaulting, or a catastrophic bond market collapse, or a dollar collapse, or full disintegration of the Euro or a tsunami wipes out Tokyo,  or a dirtbomb hits a major city, a major hot war between superpowers etc etc ... those kind of events.. which are all possible.   They are what I would call a big crisis. But make no mistake, the world is in the middle of a huge event now no doubt about it, I think that a grexit itself for example would be medium crisis event in the  much larger shit storm.
legendary
Activity: 1106
Merit: 1007
Hide your women

If people start to think their pensions, savings or bank deposits aren't safe, they will obviously try to find a more secure way to hold their wealth. Bitcoin is resistant to government confiscation if properly secured.
sr. member
Activity: 384
Merit: 250
Could this be the reason for the current rise?
http://blog.coinbase.com/post/111474738632/dell-expands-bitcoin-acceptance-to-uk-and-canada
EDIT: Oops, no rise?
Do you really think every little swing in this or any market can be correlated with news? Do you really think it's worthwile to try? Really?

You are right... just because there were 20 or 30 times when that happened last year, it does not mean that it will happen again. 


they were pumps & dumps Sad
legendary
Activity: 1512
Merit: 1005
hero member
Activity: 910
Merit: 1003
Could this be the reason for the current rise?
http://blog.coinbase.com/post/111474738632/dell-expands-bitcoin-acceptance-to-uk-and-canada
EDIT: Oops, no rise?
Do you really think every little swing in this or any market can be correlated with news? Do you really think it's worthwile to try? Really?

You are right... just because there were 20 or 30 times when that happened last year, it does not mean that it will happen again. 
sr. member
Activity: 384
Merit: 250
http://venturebeat.com/2015/02/19/stripe-finally-launches-support-for-bitcoin/
Stripe finally launches support for Bitcoin
Quote
Today digital payment protocol Stripe launched support for Bitcoin.  The company, which provides payment acceptance for popular services like Instacart, Kickstarter, and Shopify, has long been expected to add Bitcoin to its list of payment methods. [ ... ]


Kickstarter + bitcoin!! Yes!
hero member
Activity: 910
Merit: 1003
http://venturebeat.com/2015/02/19/stripe-finally-launches-support-for-bitcoin/
Stripe finally launches support for Bitcoin
Quote
Today digital payment protocol Stripe launched support for Bitcoin.  The company, which provides payment acceptance for popular services like Instacart, Kickstarter, and Shopify, has long been expected to add Bitcoin to its list of payment methods. [ ... ]
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