Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
A Greece deal has reached.
Selling is the best option for now
Selling is the best option for now
IMF warned that Greece needs deeper debt relief. Not over yet.
Agree; we're FAR from a "deal". A portion of SYRIZA has revolted against the austerity package and they refuse to vote for it; if that happens elections it is sooner than later. AFAIC the viability of the debt... let me say it out loud:
HA
HA
HA!
What is the overall sentiment now? It seems like Greece is between a rock and a hard place with equally foul tasting poisons. The medicine as bad as the sickness. Is there any real choice? Is it so critical to stay in the EU that they should cede island ownership and assets? My understanding is that even if Greek left the EU, the creditors would still take the gold and everything else. Cursed every which way but up as they say. Thoughts? Just wondering, thanks. Crappy times.
Re; Putin; Very suggestive statements. Using a blockchain for citizen identification, namecoin? to prevent ID fraud. It seems as if a cryptoeconomist has his ear. More forward thinking than I would have thought. Interesting approach in light of being plagued by various extremist groups. Interesting.
In Greece atm. No obvious discontent among the people at all. I have seen lines at most ATM's but that is all.
This process between the eurogroup and Greece certainly is not a democratic process. A clear NO vote with 60% of population and then a week later the PM takes a deal to increase the debt further. The debt wasn't payable when it was 120bn euros, a further 250bn euros of 'bailout' made it impossible for them to service even the interest payments and therefore a further 50 bn is simply extend and pretend gone mad.
If it shows anything, it is that fiat currency and it's creation is a massive joke.
No matter the outcome, there are certain facts that no one can deny.
For instance:
Greece must pay to the European Central Bank 3,5 billion next Monday, but because the IMF is superior to all other lenders, Athens must return to the IMF before the payment to the ECB - which means that the Greece has to find around 7 billion by Monday. Another amount of 5 billion is necessary in August to cover similar bills.
About half of the 7 billion owed by the country on Monday can be paid from the profits of Greek bonds held by the ECB, the profits promised in Athens as part of a second bailout deal in 2012. But the authorities of the eurozone struggle to find the balance of cash quickly.
I do not personally think that the money will be found.