Bitcoin Forum

http://media.ft.com/cms/c6d1ee20-d436-11e2-a464-00144feab7de.jpg

Well written article in a magazine regularly read by wealthy individuals. May we see a trend reversal now?

Article inside, for free: http://www.ft.com/intl/cms/s/2/910858fa-d3bf-11e2-95d4-00144feab7de.html

Crosspost from Bitcointalk - Press

Big money will ask their financial advisors about "that Bitcoin thing", to which they will reply  "they recently had a bubble, let it deflate and then we will come in"

Lol. What do you think is the goal of people on SPECULATION forum?

Trend reversal? I think not. Good to see, though. Not a fan of the believer/evangelist angle... we're not all part of the cult!

Bullish.

Not for price, but for infrastructure. The rich folks that read this magazine won't be too interested in dumping millions into such a low-liquidity asset, but they love to get their hands dirty with some startups. More VC funding announcements here we come!

#1 bear complaint is "there isn't sufficient infrastructure to support the kind of adoption we need to keep price going up at the rate of the long-term trendline."

A reasonable complaint.

However, VCs see the potential in bitcoin and will understand the potential return from investing in Bitcoin-related companies.

Everything is going according to plan.  8) 8) 8)

Well that's surprising considering you are posing in a topic in the speculation forum.

What's wrong with trying to get rich, ya socialist weenie? Not everyone is in the bitcoin cult, sorry  :P
Honestly, thinking like that is not going to get you anywhere. Venture capitalists are needed to help build the infrastructure needed for wider adoption. And venture capitalists don't invest because they are "bitcoin beliebers" and they are part of the Gweedo Cult where nobody should try to get rich, everyone should just give everyone else their money and BELIEEEEVVVEEE. Venture capitalists invest because... they are rich, and they are trying to get richer.

Good luck with the socialist bitcoin cult mentality, though. At least it's amusing.  ::)

There is nothing "wrong" with trying to turn a profit.

That's that cult shit. Who are you to say?

"[bitcoin] has fluctuated sharply, but overall it has soared. So buying into [bitcoin] has, at least so far, been a good investment. But does that make the experiment a success? Um, no. What we want from a monetary system isn’t to make people holding money rich; we want it to facilitate transactions and make the economy as a whole rich. And that’s not at all what is happening in [bitcoin]." -Paul Krugman

FT is a bigboy money mag. Good news!

He probably should; he is just not promoting your own limited vision. The thing is, bitcoin is not your little pet project. It is not going to be what you fantasize that it will. It is what others make it. Keep telling people that you're righteous and they're not. It only marginalizes you and (in its small way) perpetuates the perception of bitcoiners as a cult. Bitcoins are useless to me as currency; I have dollars and more versatile payment systems for that. You don't like people like me? Watch what happens if all the speculators leave the market.

What is the ft magazine?

I see. So now that you've made your money, people trying to do the same are "doing it for the wrong reasons." ...But if you were here for the right reasons, you wouldn't have been trading in and out of fiat, would you?

...Get over myself? What are you even babbling about? If you don't want people to disagree with you, stop posting your opinions and then proceeding to dig yourself into holes.

F@ck This Magazine - High quality Gay Porn zine

financial times

its site seem pretty popular
http://www.alexa.com/siteinfo/ft.com#

Some newspapers have a free small format "magazine" in them on weekends, and a TV program on Wednesday. Is that it?

You are so righteous!  ;)

I'm feeling the price will explode upwards once market sentiment against the manipulators is forgotten about or so predictable that the whales end up losing money.

This news is very bullish, our market cap is so small that even 1% investment from some of the FT whales would prop us up at least $20.

https://bitcointalk.org/index.php?topic=197892.0

I have 100 BTC in a cold wallet, sue me. This beats playing flash games at work.  8)

 :D agreed

Too bad I thought you had 10,000 USD available to buy coins...

I do...I could also sell my silver and car, have around 20k available. Would that make you happy? I'll looking for a good low point brother... add to my total bitcoins then come back in a month!

Then why are you still posting and not logging into mtgox right now?

Oh and I'm sure there is a bunch of other stuff you could sell too!  :D

This. They might get more publicity from us than Bitcoin from them.

Well my Mucus old sport, there is no fun in trading if you can't deliberate over when to purchase. Besides, I'm interested in seeing what will happen this coming Sunday.

As for you Frozenlock, Financial times is a very well known publication in investment circles. Audience is not a concern.

 ??? You mean Financial Times might get more publicity from US? Or their "magazine" weekly edition. You do know what FT is, right?

+1 :D

Well, hopefully this article gets a few wealthy people interested then they decide to buy a good amount, which with then bump the price and all the other wealthy guys just watching it out of curiosity will see the crazy gains that can be made in such a short period of time and then they decide to join in the "fun" and we have another crazy week or two of skyrocketing prices as greed takes over.

That would be nice anyways.  ;D

Nope, never saw it before. Which is my point.

While Bitcoin has been constantly on Techcrunch, Hacker News, Bloomberg, Yahoo Finance, The Economist, Forbes, Mises Institute, 4chan, Radio ads, and national TV news in many countries.
Oh, and special 30 minutes reports on China's national TV.

My coworkers and my parents' coworkers have heard of Bitcoin.
Even my grandparents heard of Bitcoin!
We aren't a year ago anymore...

How much readers are now seeing FT through this forum, reddit, or other affiliated Bitcoin platforms, compared to the number of readers who are just discovering Bitcoin with FT?

Just FYI, the Financial Times is one of the world's leading business news and information organisations.

Your grandma might not have heard of it, but anyone with money or influence has, which is why this might be a good thing for Bitcoin (so far I think it's fair to say the FT has been negative on Bitcoin, but it's only a matter of time).

http://en.wikipedia.org/wiki/Financial_Times

Oh, and The Economist is 50% owned by the FT.

The "get rich" mentality is also what is the most detrimental. These are the people who help raise it up a bit, then all of a sudden dump and move on, leaving behind a wake of destruction.

Again, how many do you think will "discover" Bitcoin with FT?

If they have money and influence, my guess is that they already know what it is.

Not necessarily true. While it does have a great chance (especially after being in the news) a lot of people, even after hearing about it, still don't understand what it is or why it matters.

Just saw this today, none of these people looks like human on earth ;D

I lol'd at the person who posted a Paul Krugman quote  ;D

Frozenlock, I don't think it matters that rich FT readers aren't "discovering it" through the magazine. Exposure is important. If the rich folks saw it once in the news, saw a couple headlines on Bloomberg, and maybe had a chat about it for a minute with a buddy on the elevator... well, that's great. They already know about it. So maybe a nice feature (and that WAS a nice feature!) in FT will be what it takes to get them interested enough to look into an investment into some crypto startups.

You are overestimating the importance of initial impact. Nobody goes out and dumps $1m into a really obscure, unregulated internet scheme the first time they hear about it. But hear about it 5 times, or 10 times - more people are going to get interested. "Everyone who matters already knows about it" is irrelevant.

We're all spoiled since the beginning of April - we're used to EXPLOSIVE levels of growth. Now we're back to slower growth levels and it feels like the end of Bitcoin. Truth is, more and more businesses are accepting, more startups are forming, more people are learning about it and installing clients. Sure, everyone's holding their breath waiting for a good buy point, but everything thing else is chugging along nicely. Choo choo! Let the FT money flow in.

Time for an FT bump thread? Or is this it  ;D

Heh, most innovators of Bitcoins are nerds. Internet powered money, go figure!  ;)

Eh, I might have developed a hype resistance after too much exposure.

I need a withdrawal period.

It's a favourite read of all city boys, and you are expected to read it if you are going for jobs in the IB industry. Many universities will have its subscription for students to read. Go into the tube at around 8:15 and earlier and you will see a lot of orange pages :)

And there is nothing a young venture capitalist with a wavy hair-do and thick-framed glasses love more than a high risk, very high return innovation. I am pretty bearish for Sunday morning but after that, I can see 110-120 rather easy.

Financial Times MAGAZINE: a bunch of colourful sheets whose main use is spare paper for lining cat beds and bird cages. Generally distributed for free in business class airline lounges.

We are so being taken the piss off... literally  ;D

Many will do, for sure, don't underestimate ignorance ;)

+1 gweedo,

Have to agree.

Although I am one to focus on profit, that is not my sole reason why I use crypto.

The guy who wrote "I am in bitcoin to get rich." is a joke. Likely the guy did not even see the price spikes coming from a year ago or at all. Just more attention whoring in the media.

Nobody has answered my question yet: Is the FT magazine a weekend inlay in the FT newspaper or is it a separately sold product?

If anyone thinks a bunch of seasoned financial professionals are going to rush out and buy Bitcoin while it's still crashing based on some article in a FT supplement they are delusional.

If anything they will take one look at the available charts, immediately recognise that it's heading way down from current prices in the short to medium term and make a mental note to examine it again in a few months after it's bottomed out.

This.

Looking how people are claiming , "This is it" , after bitcoin has made it to the FT (Weekend Magazine) after already been on other newspapers and the exuberation on the forum , that the price will go up , the whales will stop trading and manipulating and invest in infrastructure , everything we'll be fine now I can understand what's really happening ...

DESPAIR!

Too bad the opening few paragraphs are such a turn-off.

Overall, the article provides a nice overview of the diverse Bitcoin ecosystem, from clueless Dunning-Kruger idiots, to those who actually understand at least parts of how Bitcoin operates, how governments operate, and how businesses operate.

The problem here is the hyping things multiple times gets less and less effective each time. Some will find it annoying as well. "Why can't you talk about something else? OLD NEWS" and such.

I read The Financial Times because I have a pink bathroom.

he got you there with that 1. . . leave it at that.

Quite how bears can spin this into a negative thing is completely beyond me. Do any of you stand back and actually think about what you are saying?

Being in the ft weekend magazine is not negative, it is great news. Exposure is good. These kinds of things are far more positive and concrete than the nonsense regarding Cyprus or China that was readily lapped up on these forums.

As for "OMG whales"... It is not then causing the problems. It is the weak hands that follow them.

On this note, even if were bad, "there's no such thing as bad publicity." Anything that helps bring things out to the open piques more interest. Those who would jump on will do their research regardless of what others said positive/negative.

On the note of publicity...

I'll just leave this right here.

http://www.virtual-strategy.com/2013/06/15/forexminutecom-now-recommends-traders-buy-bitcoins