Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30955. (Read 26710965 times)

Last Warning? ;-)

lmao

Just for memory.

Bearish cross approaching on the 4hr....ignore at your peril.

Lucky if you can get a pizza for 10k bitcoins by Monday.   Get out while you can.

ftfy  

$0.618

The decision was just as indefinite as from any other government, no big deal in my view. But the market decides, and it decided to go down. Nothing to do about it but wait.

Single digits bro??  $2 bitcoins by Saturday?

lmao

And where we are heading:

that's crazy, god I hate manipulation

bitcoin slow is 10000% in a year

Only very slow and old trains can go on the railway showed on your picture.

Bail in, what a stupid set of words. It is really the forced bailout of the insolvent bank by the depositors.

How should it be done in an ideal world, if a bank goes titsup?

First, the share holders should lose. The equity is the money that is set at risk. It is the shareholders that gets the profit if it goes well,  and they should lose first.

Then the bondholders, the depositors and other creditors should share the rest of the loss, just what happens in a bankruptcy in any firm. If there is nothing left, the bank disappears from the scene.

There is no fundamental difference between bond holders and depositors. Both are loans to the bank, there are just some differences in the interest and the payback conditions. Mainly, the difference is that the depositors can ask for payback on demand, while bonds are paid back at a specific time in the future.

The workers at the bank, including management should all lose their jobs and a part of their not yet paid salary just like any creditor. Only if some private investors decide to recapitalize the bank, the bank could continue operating, and the old workers could continue in their jobs if and only if the new owners want them to. In case of top management, they should almost always have to go, as they obviously did a measly job.

Wait - the depositor guarantee. That should obviously be honored to the extent that the guarantee fund is sufficiently large, it is part of the deposit deal - you give the money to the bank in exchange for a claim on the bank plus an insurance.

The problem is the government guarantee in addition to the fund, and the fact that they prioritize the bondholders to avoid spreading to the bondholders of other banks, and of course the government bailout (this is what they want to avoid with the new plans).

This is like a several week consolidation process, in which the Chinese panic dump their bitcoins and the rest of the world scoops them up at a discount.  

Eventually, the Chinese panic will subside.  Every Chinaman who wants to get out will be out.  Then the train will roll on...



 

I miss you, fair price

nobody wants goxbux

We are all going to have to just stop and wait for China to get this out of their system. They were well behaved over there in the East until we hit around $250. Then they had to go ape shit beserko and drag everyone with them to $900. We would have all gotten there eventually - just maybe a week later or something. NOW, they got their hand slapped and they have been sulking ever since, crying their selves to sleep every night.

Who knows when they will pull their heads up and calm down again. Meanwhile we get to all watch them run down hill like their pants are on fire and there's water at the bottom.

what's worrying me is when they start arbing on gox..