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Title: bitcoin ready to new biggest burst according to financial experts!! read Post by: angrynerd88 on January 24, 2014, 03:14:05 PM http://finance.yahoo.com/blogs/talking-numbers/why-bitcoin-is-poised-to-break-out-to-all-time-highs-141729681.html
https://bitcointalk.org/index.php?topic=429144.0 (it is italian but you can watch graphics which are very very clear) Title: Re: bitcoin ready to new biggest burst according to financial experts!! read Post by: CryptoCurrencyInc.com on January 24, 2014, 03:18:08 PM You can tell the future price of bitcoin by looking at that gibberish chart?
Title: Re: bitcoin ready to new biggest burst according to financial experts!! read Post by: hilariousandco on January 24, 2014, 03:21:54 PM http://finance.yahoo.com/blogs/talking-numbers/why-bitcoin-is-poised-to-break-out-to-all-time-highs-141729681.html https://bitcointalk.org/index.php?topic=429144.0 (it is italian but you can watch graphics which are very very clear) Quote John Stephenson, portfolio manager at First Asset Investment Management, says that Bitcoin's price is driven by more than rational fundamentals, despite recent acceptance by some. Every time a new vendor comes on, that's positive for Bitcoin," says Stephenson. But, the reality is this is just a total mania; there is absolutely nothing behind this. It's never going to be a mainstream currency," says Stephenson. If you go to Cabo Kabul and you need to take a taxi and you give someone a $10 US bill, they know exactly what that is. You give them a Canadian dollar bill with Gene Wilder on it, they don't have a clue what that is. And, ultimately greater acceptance is what's necessary to calm volatility. "Financial expert" *Yawns* ::). Good job to the host putting this fool down. Title: Re: bitcoin ready to new biggest burst according to financial experts!! read Post by: EvilPanda on January 24, 2014, 04:23:06 PM Quote John Stephenson, portfolio manager at First Asset Investment Management, says that Bitcoin's price is driven by more than rational fundamentals, despite recent acceptance by some. Every time a new vendor comes on, that's positive for Bitcoin," says Stephenson. But, the reality is this is just a total mania; there is absolutely nothing behind this. It's never going to be a mainstream currency," says Stephenson. If you go to Cabo Kabul and you need to take a taxi and you give someone a $10 US bill, they know exactly what that is. You give them a Canadian dollar bill with Gene Wilder on it, they don't have a clue what that is. And, ultimately greater acceptance is what's necessary to calm volatility. "Financial expert" *Yawns* ::). Good job to the host putting this fool down. That's because we lack one, recognizable world currency. I live in Europe and haven't seen all the bills in circulation. If I suddenly got paid in hungarian Forint I wouldn't know its price, it would just be a strange piece of paper. There is no such thing with bitcoin, as it can be, and already is advertised. Are the canadian bills advertised? Can a guy in Kabul turn on the news and hear "Pay for your expenses with canadian $, the money of the future?" He who calls himself an expert should know that this is not a good point. Title: Re: bitcoin ready to new biggest burst according to financial experts!! read Post by: Abdussamad on January 24, 2014, 05:25:35 PM That's because we lack one, recognizable world currency. I live in Europe and haven't seen all the bills in circulation. If I suddenly got paid in hungarian Forint I wouldn't know its price, it would just be a strange piece of paper. There is no such thing with bitcoin, as it can be, and already is advertised. Are the canadian bills advertised? Can a guy in Kabul turn on the news and hear "Pay for your expenses with canadian $, the money of the future?" He who calls himself an expert should know that this is not a good point. They will happily take CAD, USD and Euros in Kabul. Bitcoin? Not so much. FYI Afghanis don't really like their own currency. They use PKR, IRR and hard currencies. Title: Re: bitcoin ready to new biggest burst according to financial experts!! read Post by: hilariousandco on January 24, 2014, 09:50:07 PM Quote John Stephenson, portfolio manager at First Asset Investment Management, says that Bitcoin's price is driven by more than rational fundamentals, despite recent acceptance by some. Every time a new vendor comes on, that's positive for Bitcoin," says Stephenson. But, the reality is this is just a total mania; there is absolutely nothing behind this. It's never going to be a mainstream currency," says Stephenson. If you go to Cabo Kabul and you need to take a taxi and you give someone a $10 US bill, they know exactly what that is. You give them a Canadian dollar bill with Gene Wilder on it, they don't have a clue what that is. And, ultimately greater acceptance is what's necessary to calm volatility. "Financial expert" *Yawns* ::). Good job to the host putting this fool down. That's because we lack one, recognizable world currency. I live in Europe and haven't seen all the bills in circulation. If I suddenly got paid in hungarian Forint I wouldn't know its price, it would just be a strange piece of paper. There is no such thing with bitcoin, as it can be, and already is advertised. Are the canadian bills advertised? Can a guy in Kabul turn on the news and hear "Pay for your expenses with canadian $, the money of the future?" He who calls himself an expert should know that this is not a good point. It's early days for Bitcoin so I'm sure it'll only be a matter of time before there's taxis in Kabul and in other places that will be happy to take Bitcoin. Title: Re: bitcoin ready to new biggest burst according to financial experts!! read Post by: Meuh6879 on January 24, 2014, 09:53:37 PM in my android wallet, i click on my mBTC amount ... and i have the change in all currency IN THE WORLD (i love japan misc.).
do this with a paper money ... dud. ::) Title: Re: bitcoin ready to new biggest burst according to financial experts!! read Post by: Jeffersondk on January 24, 2014, 10:09:34 PM I don't get why people keep drawing lines on those graphs and then say this should happen again and again.
Once it's low it will probably go high once again, yeah but you don't need to know rocket science to see that(I hope). We don't draw lines on graphs from things like gas right? Guess there is a reason for that, we can't predict anything(only guess/hope). They should really do something else than draw those lines haha :D Title: Re: bitcoin ready to new biggest burst according to financial experts!! read Post by: gogxmagog on January 25, 2014, 07:50:04 AM they wont take canadian money in Kabul Wabo? Inconceivable!
Plus, that isn.t Gene Wilder, It's Angus McTavish The King of Canada! get your facts straight! http://3.bp.blogspot.com/-TmzKgtrdfko/US-mWL0KQMI/AAAAAAAAAEg/0x-MiYIVmwM/s1600/canadian%2Btire.png He's not cheap! He's thrifty. Title: Re: bitcoin ready to new biggest burst according to financial experts!! read Post by: MatTheCat on January 25, 2014, 07:58:47 AM http://finance.yahoo.com/blogs/talking-numbers/why-bitcoin-is-poised-to-break-out-to-all-time-highs-141729681.html https://bitcointalk.org/index.php?topic=429144.0 (it is italian but you can watch graphics which are very very clear) I remember these sort of articles hitting the front page of yahoo finances at the top of the previous metals bull runs. (If it is on the front page of Yahoo Finance, you probably already missed the upside) Title: Re: bitcoin ready to new biggest burst according to financial experts!! read Post by: segeln on January 25, 2014, 09:02:29 AM in my android wallet, i click on my mBTC amount ... and i have the change in all currency IN THE WORLD (i love japan misc.). what wallet is it ?Title: Re: bitcoin ready to new biggest burst according to financial experts!! read Post by: Ibian on January 25, 2014, 10:32:28 AM Speaking of wallets, I met a guy who is working on an android wallet with integrated localbitcoins functionality. If that works, it could be like a decentralized exchange that potentially covers the world. It's still very early. In a few years, if things progress as they have, we won't need banks at all anymore.
Title: Re: bitcoin ready to new biggest burst according to financial experts!! read Post by: chessnut on January 25, 2014, 10:52:17 AM I don't get why people keep drawing lines on those graphs and then say this should happen again and again. Once it's low it will probably go high once again, yeah but you don't need to know rocket science to see that(I hope). We don't draw lines on graphs from things like gas right? Guess there is a reason for that, we can't predict anything(only guess/hope). They should really do something else than draw those lines haha :D good technical analysts dont believe in such things as 'should'. historically thats nonsense. also, good technical analysts dont need lines either, we just use them for precision. technical analysts only need an edge, we dont search in vein for certainty. graphs certainly can provide a graphic and scientific story of what is happening in the real world. This is great because so many fundamental analysts cannot always see whats going on in the real world. btw, what is the real world?? Title: Re: bitcoin ready to new biggest burst according to financial experts!! read Post by: jubalix on January 25, 2014, 12:20:14 PM another guy with no idea
John Stephenson, portfolio manager at First Asset Investment Management, says that Bitcoin's price is driven by more than rational fundamentals, despite recent acceptance by some. "Every time a new vendor comes on, that's positive for Bitcoin," says Stephenson. "But, the reality is this is just a total mania; there is absolutely nothing behind this." 1st they don't understand this competition of currency, something that no stock, bond or other trade can even comprehend or has experienced they are confined to currency second, the block chain tech can replace about 1/2 of the worlds entire banking system, buildings servers, it costs, employees etc, that alone gives it a value of 2Trillion plus. Think of all the money banks spend on, buildings, IT, employees, land, servers etc etc, thats at least 1T a year there just one point, bam easily 2T market cap. Title: Re: bitcoin ready to new biggest burst according to financial experts!! read Post by: ElectricMucus on January 25, 2014, 01:33:14 PM second, the block chain tech can replace about 1/2 of the worlds entire banking system, buildings servers, it costs, employees etc, that alone gives it a value of 2Trillion plus. lol, how? Title: Re: bitcoin ready to new biggest burst according to financial experts!! read Post by: zimmah on January 25, 2014, 01:50:40 PM That's because we lack one, recognizable world currency. I live in Europe and haven't seen all the bills in circulation. If I suddenly got paid in hungarian Forint I wouldn't know its price, it would just be a strange piece of paper. There is no such thing with bitcoin, as it can be, and already is advertised. Are the canadian bills advertised? Can a guy in Kabul turn on the news and hear "Pay for your expenses with canadian $, the money of the future?" He who calls himself an expert should know that this is not a good point. They will happily take CAD, USD and Euros in Kabul. Bitcoin? Not so much. FYI Afghanis don't really like their own currency. They use PKR, IRR and hard currencies. bitcoin is as hard as currency can get. |
