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Title: This is the Part Where We Take the Wall Streeters' Money Post by: Zangelbert Bingledack on April 03, 2013, 06:36:08 AM If we can just HOLD on to the reins of a rampaging bull about to kick into massive overdrive.
All the best, Gentlemen. See you on the other side. Title: Re: This is the Part Where We Take the Wall Streeters' Money Post by: Faraday on April 03, 2013, 06:36:47 AM Aren't they sleeping right now? :P
Title: Re: This is the Part Where We Take the Wall Streeters' Money Post by: zif33rs on April 03, 2013, 06:37:29 AM I totally agree. Its going to be one hell of a ride thru the summer I'm thinking.
Title: Re: This is the Part Where We Take the Wall Streeters' Money Post by: Zangelbert Bingledack on April 03, 2013, 06:39:26 AM We'll see knife-downs aplenty, but it looks like we're going for a giant planetary expansion punctuated by a big bubble top at the end (pricked fairly early if we're lucky)
Title: Re: This is the Part Where We Take the Wall Streeters' Money Post by: sunnankar on April 03, 2013, 06:40:38 AM If we can just HOLD on to the reins of a rampaging bull about to kick into massive overdrive. This is where it gets fun. There are a bunch of Silicon Valley VCs and Wall Streeters who want to take multi-million dollar positions in Bitcoin. The Bitcoin market is currently waaaaaay too small to absorb these types of funds flows. Those who hold bitcoin likely do not need to sell because they have been paid for in full. Thus, supply for sale can be greatly reigned in. And use the fact that they, along with all the new average users, are competing with each other to your advantage. For new users the price is irrelevant for transactional demand because people just buy the bitcoins to spend them and the utility of transferring value privately is all that matters. It is only speculative demand where the price matters. So make these SV and WS speculators pay dearly, as in like $1000's per bitcoin, for any bitcoins they get. Do not let them take any sizable positions cheaply. Be the beneficiary of the wealth transfer. Title: Re: This is the Part Where We Take the Wall Streeters' Money Post by: Zangelbert Bingledack on April 03, 2013, 06:46:28 AM We'll see knife-downs aplenty, but it looks like we're going for a giant punctuated by a big bubble top at the end (pricked fairly early if we're lucky) What are you talking about? Why are we looking for a big bubble top? *scratches head* I remember thinking your posts are usually relatively rational. Later. Not now. First a huge, legitimate, only slightly frothy run-up. A run that large is likely to end in a bubble, but that's just par for the course. Right now I think we are only in a very mildly bubbly situation that will look like nothing compared to what's coming. It is inevitable to have some froth when price runs up so fast and consistently, even if that run is for legit reasons. That froth will only build, even as legit reasons build as well. It'll be a mix; a very profitable mix. To be clear, I expect that "popped bubble" to bring us down to a price much higher than where we are now. Bad news is the only thing that could stop this, but of course bad news is always in the cards. Title: Re: This is the Part Where We Take the Wall Streeters' Money Post by: wopwop on April 03, 2013, 06:53:15 AM Holding 8)
Title: Re: This is the Part Where We Take the Wall Streeters' Money Post by: Zangelbert Bingledack on April 03, 2013, 06:56:21 AM We'll see knife-downs aplenty, but it looks like we're going for a giant punctuated by a big bubble top at the end (pricked fairly early if we're lucky) What are you talking about? Why are we looking for a big bubble top? *scratches head* I remember thinking your posts are usually relatively rational. Later. Not now. First a huge, legitimate, only slightly frothy run-up. A run that large is likely to end in a bubble, but that's just par for the course. Right now I think we are only in a very mildly bubbly situation that will look like nothing compared to what's coming. It is inevitable to have some froth when price runs up so fast and consistently, even if that run is for legit reasons. That froth will only build, even as legit reasons build as well. It'll be a mix; a very profitable mix. To be clear, I expect that "popped bubble" to bring us down to a price much higher than where we are now. Bad news is the only thing that could stop this, but of course bad news is always in the cards. Why not a sustained, semi-exponential rise with many smaller corrections along the way? We can all win this way. Also, no sour taste in the mouth and angry bad vibes from newbs who buy at the top of said bubble. We have been dealing with the negative externalities of the first mega over hyped bubble crash for the past 2 years.. That is sort of what I meant. A big bubble from, say $600 (big froth starts) to $5000 (froth dissipates + panic selling), popping back down to $400 (and continuing the exponential rise again) would be the type of thing I'm talking about. Note: These numbers are pretty arbitrary. Also: Time horizon is the next few weeks and months, barring any major bad news. And also: Confidence level: Hunch :D Title: Re: This is the Part Where We Take the Wall Streeters' Money Post by: vokain on April 03, 2013, 06:57:58 AM I'm in! but let dwolla clear for me this afternoon real quick! ;D
Title: Re: This is the Part Where We Take the Wall Streeters' Money Post by: wopwop on April 03, 2013, 06:58:42 AM I personally believe that US Americans are not yet aware of the full scale impact that Bitcoin will have on the world so we could be looking at 1000 $ per BTC by May
Title: Re: This is the Part Where We Take the Wall Streeters' Money Post by: Mark Oates on April 03, 2013, 07:06:33 AM I personally believe that US Americans are not yet aware of the full scale impact that Bitcoin will have on the world so we could be looking at 1000 $ per BTC by May That's so true. You can just look at the tenor and lack of research in recent news reports.But, I've also noticed that this time around, there's a bigger batch of people who now understand it, and another new batch of newbs (mainstream media) with the same "criticisms" (misunderstandings) that we've all heard before. This seems to be a cycle as the bitcoin sphere expands further and further out. Title: Re: This is the Part Where We Take the Wall Streeters' Money Post by: bomboclat77 on April 03, 2013, 07:08:00 AM I personally believe that US Americans are not yet aware of the full scale impact that Bitcoin will have on the world so we could be looking at 1000 $ per BTC by May That's so true. You can just look at the tenor and lack of research in recent news reports.But, I've also noticed that this time around, there's a bigger batch of people who now understand it, and another new batch of newbs (mainstream media) with the same "criticisms" (misunderstandings) that we've all heard before. This seems to be a cycle as the bitcoin sphere expands further and further out. Title: Re: This is the Part Where We Take the Wall Streeters' Money Post by: BTC Books on April 03, 2013, 07:11:56 AM I personally believe that US Americans are not yet aware of the full scale impact that Bitcoin will have on the world so we could be looking at 1000 $ per BTC by May That's so true. You can just look at the tenor and lack of research in recent news reports.But, I've also noticed that this time around, there's a bigger batch of people who now understand it, and another new batch of newbs (mainstream media) with the same "criticisms" (misunderstandings) that we've all heard before. This seems to be a cycle as the bitcoin sphere expands further and further out. That's easy for you to say... Title: Re: This is the Part Where We Take the Wall Streeters' Money Post by: Wekkel on April 03, 2013, 07:19:31 AM I don't want to take someone else's money, I want to pay regular stuff with BTC. Wall Street adoption serves that purpose.
Title: Re: This is the Part Where We Take the Wall Streeters' Money Post by: lebing on April 03, 2013, 07:21:47 AM I don't want to take someone else's money, I want to pay regular stuff with BTC. Wall Street adoption serves that purpose. You will end up doing both and the guy whos money padded your pocket will likely be happy he did so, just so long as he gets in early enough. Title: Re: This is the Part Where We Take the Wall Streeters' Money Post by: Zangelbert Bingledack on April 03, 2013, 07:30:14 AM I personally believe that US Americans are not yet aware of the full scale impact that Bitcoin will have on the world so we could be looking at 1000 $ per BTC by May That's so true. You can just look at the tenor and lack of research in recent news reports.But, I've also noticed that this time around, there's a bigger batch of people who now understand it, and another new batch of newbs (mainstream media) with the same "criticisms" (misunderstandings) that we've all heard before. This seems to be a cycle as the bitcoin sphere expands further and further out. Planetary shift. Title: Re: This is the Part Where We Take the Wall Streeters' Money Post by: Zangelbert Bingledack on April 03, 2013, 07:32:00 AM Planetary landgrab
Title: Re: This is the Part Where We Take the Wall Streeters' Money Post by: vokain on April 03, 2013, 07:35:30 AM http://www.businessinsider.com/colas-clients-think-bitcoin-is-a-bubble-2013-4
Quote from: Colas The reaction from clients has been pretty uniform: it must be a bubble. Too far, too fast, too new … you get the idea. Moreover, it’s very hard to short Bitcoins, so there’s no real way to express that pessimistic point of view, which is saving a lot of people some real money, since Bitcoin has some solid momentum just now. Read more: http://www.businessinsider.com/colas-clients-think-bitcoin-is-a-bubble-2013-4#ixzz2PNqjlzo2 I think a few of the smarter guys are catching on ;) "It must be a bubble don't buy don't buy" hahahaha Title: Re: This is the Part Where We Take the Wall Streeters' Money Post by: vokain on May 25, 2013, 05:33:22 PM :D from a friend's correspondence
http://anonymouse.org/cgi-bin/anon-www.cgi/http://img401.imageshack.us/img401/9603/img7014.png Title: Re: This is the Part Where We Take the Wall Streeters' Money Post by: ardana123 on May 25, 2013, 06:09:33 PM who exactly is "they"?
Title: Re: This is the Part Where We Take the Wall Streeters' Money Post by: vokain on May 25, 2013, 06:33:02 PM who exactly is "they"? likely referring to the Dwolla-MtGox seizure Title: Re: This is the Part Where We Take the Wall Streeters' Money Post by: BitcoinAshley on May 25, 2013, 08:48:52 PM Yeah, because quadrillions of dollars in derivatives is SO not risky and totally not a bubble
Bond market's not a bubble Stock market's not a bubble NIKKEI NOT BUBBLE -Kuroda Student and home loans not a bubble Housing not a reinflated bubble Bitcoin is SO much more risky than all of those investments ;) What are those "business investors" thinking? Are they as baked as your friend? ;D ;D ;D Oh well, they can go back to their derivatives, we'll see who makes out in the end. Title: Re: This is the Part Where We Take the Wall Streeters' Money Post by: Crypt_Current on May 25, 2013, 09:22:40 PM Yeah, because quadrillions of dollars in derivatives is SO not risky and totally not a bubble Bond market's not a bubble Stock market's not a bubble NIKKEI NOT BUBBLE -Kuroda Student and home loans not a bubble Housing not a reinflated bubble Bitcoin is SO much more risky than all of those investments ;) What are those "business investors" thinking? Are they as baked as your friend? ;D ;D ;D Oh well, they can go back to their derivatives, we'll see who makes out in the end. +1; <3 your sarcasm :-) Title: Re: This is the Part Where We Take the Wall Streeters' Money Post by: Crypt_Current on May 25, 2013, 09:25:19 PM To the OP:
I've never ridden a bull in my entire life, and now's my chance (metaphorically). We just got our little family unit into a living space with all the necessary amenities for an exceptionally affordable price -- pure luck put us in the right position at the exact right time... Because now, I am not forced to sell ANY mining proceeds, and I have ASICs coming any day now. The fiance believes in this ultimate retirement fund as hard as I do... Sooo...... FUCK YES!!! LET'S DO THIS! Here's to overcoming adversity, friends. :-) Title: Re: This is the Part Where We Take the Wall Streeters' Money Post by: Crypt_Current on May 25, 2013, 09:32:02 PM If we can just HOLD on to the reins of a rampaging bull about to kick into massive overdrive. This is where it gets fun. There are a bunch of Silicon Valley VCs and Wall Streeters who want to take multi-million dollar positions in Bitcoin. The Bitcoin market is currently waaaaaay too small to absorb these types of funds flows. Those who hold bitcoin likely do not need to sell because they have been paid for in full. Thus, supply for sale can be greatly reigned in. And use the fact that they, along with all the new average users, are competing with each other to your advantage. For new users the price is irrelevant for transactional demand because people just buy the bitcoins to spend them and the utility of transferring value privately is all that matters. It is only speculative demand where the price matters. So make these SV and WS speculators pay dearly, as in like $1000's per bitcoin, for any bitcoins they get. Do not let them take any sizable positions cheaply. Be the beneficiary of the wealth transfer. I like the cut of Trace's jib :-) Title: Re: This is the Part Where We Take the Wall Streeters' Money Post by: N12 on May 25, 2013, 09:36:28 PM So make these SV and WS speculators pay dearly, as in like $1000's per bitcoin, for any bitcoins they get. Do not let them take any sizable positions cheaply. Be the beneficiary of the wealth transfer. Maybe next time. :DTitle: Re: This is the Part Where We Take the Wall Streeters' Money Post by: Crypt_Current on May 25, 2013, 10:10:06 PM So make these SV and WS speculators pay dearly, as in like $1000's per bitcoin, for any bitcoins they get. Do not let them take any sizable positions cheaply. Be the beneficiary of the wealth transfer. Maybe next time. :Dhaha, I failed to see that this thread started in April :D Indeed, NEXT TIME ;D Title: Re: This is the Part Where We Take the Wall Streeters' Money Post by: zby on May 26, 2013, 05:31:50 AM For sure Silicon Valley investors will come before WallStreet ones.
Title: Re: This is the Part Where We Take the Wall Streeters' Money Post by: RationalSpeculator on May 26, 2013, 06:12:36 AM So make these SV and WS speculators pay dearly, as in like $1000's per bitcoin, for any bitcoins they get. Do not let them take any sizable positions cheaply. Be the beneficiary of the wealth transfer. Maybe next time. :Dhaha, I failed to see that this thread started in April :D Indeed, NEXT TIME ;D It's really great that we can go back in time with this forum. I can't remember having been part of a speculative community where this was the case. Clearly these people were overly bullish. Price had hit $140 and they start saying don't sell until $1000. None of these people took the money of some rich newcomers that overpaid for the coin... When bears have been proven wrong time and time again, are laughed at, ignored, is exactly the time when they have the most value. Title: Re: This is the Part Where We Take the Wall Streeters' Money Post by: notme on May 26, 2013, 08:23:38 AM So make these SV and WS speculators pay dearly, as in like $1000's per bitcoin, for any bitcoins they get. Do not let them take any sizable positions cheaply. Be the beneficiary of the wealth transfer. Maybe next time. :Dhaha, I failed to see that this thread started in April :D Indeed, NEXT TIME ;D It's really great that we can go back in time with this forum. I can't remember having been part of a speculative community where this was the case. Clearly these people were overly bullish. Price had hit $140 and they start saying don't sell until $1000. None of these people took the money of some rich newcomers that overpaid for the coin... When bears have been proven wrong time and time again, are laughed at, ignored, is exactly the time when they have the most value. Price is still almost 140.... I wouldn't call holding at 140 a bad move just yet. |
