Bitcoin Forum

That was kind of interesting.  Market going crazy and bitcoin just trading away like an average day.  In the past it has kind of traded with the market, so I was kind of expecting that.  But then I thought all the talk of more QE during the day would decouple bitcoin from the market and send it higher.  But really it just bumped along without a care in the world today. 

All that money that could be in bitcoin, is in it RIGHT NOW...

Right, you think that someone with hundreds of millions at their dispose is in BTC? You think they would not want to be? These types are waiting for some kind of regulation you blubbering idiot. Too much at stake without regulation to just toss in right now.

I can bet you my house that when the times comes and they start putting regulations in place and more or a white/black guidance to what you can and can not do with cryptos, the sky is the limit for it.

God, I thought people could not be so stupid, but you prove it daily fewcoins... you really do.

When is BTC coupled with action in FIAT market?!

BTC prices are surprisingly decoupled from almost everything financial. Bitcoin difficulty goes to the moon, price goes nowhere. More retailers accept Bitcoin, price goes nowhere. Stock market goes up or down, Bitcoin goes in different direction.

The big events in Bitcoin price changes seem to involve people trying to get around some government restriction (China, Silk Road) or a big player failing (Mt. Gox).

Compared to the same time last year, which is already stable

Bitcoin only has 500K-2M users.  It could hypothetically scale up to 150-200 million users and be worth $trillions.

I still can not understand why the price dropped so low last week   ???

because more people wanted to sell at exchanges than to buy. when the price grows, the reverse is true. now if you wonder why did people wanted to sell last week - the answer would be because they are stupid, that's why.

http://www.thedailysheeple.com/9-ominous-signals-coming-from-the-financial-markets-that-we-have-not-seen-in-years_102014

Those who didn't buy last week - they are stupider.  ;D

Or poorer.

Or they already have bought all they could buy and are waiting.

Let us just hope that this happens quickly.

Why would that happen when more poor population users go into bitcoin?? Everyone that has money & believes in bitcoin is already deep in so why would it be worth trillions?!  ::)

I think that traditional investors *are* funneling money into BTC, but are investing in businesses and infrastructure development rather than the currency.  Funneling a ton of money into BTC directly might raise the price, but it doesn't necessary raise utility/value.   If I went all into fiat and stuff it into my mattress, how much value am I creating in the fiat market?  Zero.

Be serious here please. Everyone is in this game to get more fiat. The venture capitalist are investing in bitcoin business start ups to make serious money back. They aren't using this money to invest in BTC... The want more fiat. Traditional investors, retail investors, gambling investors, "speculators" are all in this game to try to make fiat. If someone is getting paid in bitcoin they make it fiat, if someone spends bitcoin they make it fiat. Exchanges exchange these coins for fiat. This entire game is revolving around fiat and becoming more centralized at every turn.

I'm serious.  Your point falls by the wayside because, well, duh! -- Why else do you invest but to try to make money?  All you did was reinforce what I said right off the bat when you say, "The venture capitalists are investing in Bitcoin business start ups..."

Edit:  Additionally, the point behind infrastructure and business support is that this strengthens the resiliency of the currency and extends the duration of its potential for value growth.

Edit 2:  Something tells me that you don't recognize the *hugely* significant distinction between Bitcoin as a network and bitcoins as currency.

Everybody wants to increase the value of what they hold - stocks, bonds, bitcoins, real estate. Just because all these assets are denominated in fiat doesn't mean everybody wants more fiat.  :)