Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 22846. (Read 26712842 times)

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.

Greece and Russia will not go into BTC they will go in DRK.

pippo ----- Russia

Such fast-paced action.  Of latepfff!, Bitcoin reminds me of the Boston Molasses Disaster.

I mean, yeah, disaster, but also molasses...  Everything going horribly wrong ...in slow motion.

Coin
Explanation

There's always a way!

Let's hope both Russia and Greece get into it, let's make the price steady for once!

That's true.

Weren't they taking peoples savings away from them?
That'd be heartbreaking.

Pump it all into BTC Greeks

Russians are "sort of" not allowed to buy bitcoins.

There are some differences. Russia faced sanctions, which were externally-imposed capital controls and they were/are limited. It's also an economy many orders of magnitude larger and is controled by an autocratic strongman. Even so, Russia is even now experimenting with an alternative to the SWIFT system, so I'm not writing them off just yet.

If it weren't for that fact that you're an american I would think that you were being ironic.

That's what people said with the Ruble crash but nope

Remember the banking crisis in Cypress? There is a possibility of a massive pump if a critical mass of Greeks use Bitcoin to evade/avoid capital controls, should capital controls be implemented.

Find me one as full of paranoiac lolcows serious investors, and I'll see what I could do.

Nothing.

the $240 coast IS clear. The $250 coast? Well, that remains to be seen.

Forgive my ignorance but what does Greece have to do with the price of BTC?

Do you have 6800 posts in 11 months on a non-bitcoin forum for a 'less archaic cripto' coin we should be investing in?

The problem is that Greece got in the currency Union under false pretenses. They should forfeit all national assets. They should nationalize everything they can steal and give it all to the banksters. Let Greece be the first open vassal state of the Banks. Every western country is anyway so we might as well be honest about it. Let democracy officially die first where it was born. Appoint a bankster governor, preferably some Greek sell-out. Auction off the Parthenon on eBay. I got my eye on a little Greek island I want to buy.

It's my understanding that the more forward-thinking gray marketteers are opting out of Bitcoin in favor of less archaic cripto, the sort that does anonymity right.  Hope you'll be able to find some throwback still using BTC in 5-10 yrs.

whew that was a close one wasn't it ?? did you hear that everybody ?? coast is clear ......