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Title: Finally a Safe Haven Asset Response? Post by: hector3115 on January 20, 2016, 03:29:11 PM I think so. They're talking about more QE and negative interest rates in Davos. I don't know who in their right mind wouldn't want to diversify at least 15% of their assets in Bitcoin.
People just dont understand it yet but smart money will eventually find its way to bitcoin. Title: Re: Finally a Safe Haven Asset Response? Post by: thesonandheir on January 20, 2016, 03:30:52 PM Correct, punters got scared by MH/Cryptsy and weak hands sold out. Clever money hoovers this up and makes $$$$$$$$$$$$$$$$$$$$ ;D
Title: Re: Finally a Safe Haven Asset Response? Post by: cr1776 on January 20, 2016, 04:11:42 PM Not to mention Saudi Arabia imposed capital controls. Because it worked so well in Greece, Venezuela etc.
http://www.zerohedge.com/news/2016-01-20/saudi-arabia-unleashes-capital-controls-bans-bets-against-dollar-peg Title: Re: Finally a Safe Haven Asset Response? Post by: iikun on January 20, 2016, 04:17:06 PM Not to mention Saudi Arabia imposed capital controls. Because it worked so well in Greece, Venezuela etc. http://www.zerohedge.com/news/2016-01-20/saudi-arabia-unleashes-capital-controls-bans-bets-against-dollar-peg interesting development, but I don't know I would lump SA in with those two economies. That article states they have USD630b in currency reserves & the price of oil won't stay this low for long. Title: Re: Finally a Safe Haven Asset Response? Post by: NorrisK on January 20, 2016, 05:17:21 PM Looks more like some big players reentering to me with a resulting panic buy from day traders. As the small time traders only trade the margins and the big player holds his coins, price can stabalize at this level for now.
Safe Haven response would be much much bigger as a lot more money would start pouring in. Title: Re: Finally a Safe Haven Asset Response? Post by: kwukduck on January 20, 2016, 05:41:45 PM I think so. They're talking about more QE and negative interest rates in Davos. I don't know who in their right mind wouldn't want to diversify at least 15% of their assets in Bitcoin. People just dont understand it yet but smart money will eventually find its way to bitcoin. I don't know who in their right mind would ever even think of investing in something with a broken protocol... Title: Re: Finally a Safe Haven Asset Response? Post by: Bitplumber on January 20, 2016, 07:54:41 PM I don't know who in their right mind would ever even think of investing in something with a broken protocol... So glad I read this post! I just nearly bought a bitcoin! I'll just keep my money in the bank instead. Thanks 😂 Title: Re: Finally a Safe Haven Asset Response? Post by: QuintLeo on January 20, 2016, 08:36:13 PM interesting development, but I don't know I would lump SA in with those two economies. That article states they have USD630b in currency reserves & the price of oil won't stay this low for long. Oil will stay low and keep dropping as long as (1) China economy continues it's recession/implosion (2) OPEC keeps putting pressure on higher-cost producers in an attemt to drive them out of the market (which will FAIL long-term no matter what but might succeed for a few years 'cause they'll just ressurect when pricing gets high enough again). Oil pricing might get a LOT lower for a while if the Chinese economy starts dragging other world economies down with it. I wouldn't plan on oil prices rising for a year or two at least, then it'll take some time after that for them to climb again. Title: Re: Finally a Safe Haven Asset Response? Post by: Amph on January 21, 2016, 08:43:43 AM I don't know who in their right mind would ever even think of investing in something with a broken protocol... So glad I read this post! I just nearly bought a bitcoin! I'll just keep my money in the bank instead. Thanks 😂 don't listen to kwukduck, unless you are his alt(very likely) there is nothign broken with bitcoin, only some limit that will be fixed soon, liek the capacity which is the biggest issue you cna buy bitcoin and spend them normally, much better than fiat if you ask me, and i have some reasons to believe so |