Bitcoin Forum

Economy => Speculation => Topic started by: ianbakewell on August 16, 2012, 11:02:18 AM



Title: forbes.com/billionaires/list/ 1153 people on it, what is bitcoins market cap?
Post by: ianbakewell on August 16, 2012, 11:02:18 AM
Bitcoin has a scalability problem (and really, the blockchain is a couple gig and hard drives are cheap)
Other than I have not read a single supported reason to be against it.
We all have our reasons for being behind it.

What happens to Bitcoin market cap / value per coin when the rich decide to hedge with Bitcoin?
What if they do not even do that but just drop in some "play money" to them... We are still talking millions.

With the press all over the world lately someone in the billionaire bracket is bound to come take a look.
Not all of them are dummies, I am willing to bet a few are going to "get" Bitcoin.

Why do we think the current market is a bubble?


Title: Re: forbes.com/billionaires/list/ 1153 people on it, what is bitcoins market cap?
Post by: anu on August 16, 2012, 11:50:18 AM
Why do we think the current market is a bubble?

Because no one has a clue what is really going on?


Title: Re: forbes.com/billionaires/list/ 1153 people on it, what is bitcoins market cap?
Post by: DublinBrian on August 16, 2012, 06:30:30 PM
Why do we think the current market is a bubble?
Someone is accumulating bitcoin. What we dont know, is what their intentions are.

It could be a pump and dump. Or it could be the dawn of the new monetary era.


Title: Re: forbes.com/billionaires/list/ 1153 people on it, what is bitcoins market cap?
Post by: anu on August 16, 2012, 06:39:43 PM
Why do we think the current market is a bubble?
Someone is accuulating bitcoin. What we dont know, is what their intentions are.

It could be a pump and dump. Or it could be the dawn of the new monetary era.

So many small deals @ the exchanges. Do you really think this is one "someone"? Trying to hide that this is one?

Occams razor says many deals is many people. And what they want is Bitcoin.


Title: Re: forbes.com/billionaires/list/ 1153 people on it, what is bitcoins market cap?
Post by: wachtwoord on August 16, 2012, 06:43:11 PM
Occams razor says many deals is many people. And what they want is Bitcoin.

it could be the dawn of the new monetary era.


Title: Re: forbes.com/billionaires/list/ 1153 people on it, what is bitcoins market cap?
Post by: DublinBrian on August 16, 2012, 06:44:17 PM
So many small deals @ the exchanges. Do you really think this is one "someone"? Trying to hide that this is one?

Occams razor says many deals is many people. And what they want is Bitcoin.
If that were true the price wouldnt have been flat at $5 for three months, and then increased by 160% in the following three months.

The hockey stick shape on the trend graph suggest a new player entered the market in the first week of june.


Title: Re: forbes.com/billionaires/list/ 1153 people on it, what is bitcoins market cap?
Post by: klaus on August 16, 2012, 06:48:51 PM
a new player entered the market in the first week of june.

kim schmitz  :D



Title: Re: forbes.com/billionaires/list/ 1153 people on it, what is bitcoins market cap?
Post by: wachtwoord on August 16, 2012, 06:52:27 PM
But his funds are stolen by the US government ...


Title: Re: forbes.com/billionaires/list/ 1153 people on it, what is bitcoins market cap?
Post by: zby on August 16, 2012, 06:59:21 PM
Yeah - billioners and their pocket money - the same fantasies as in June last year.  Even though I do believe that this time the buble will be even bigger then last time - this sounds desperate.


Title: Re: forbes.com/billionaires/list/ 1153 people on it, what is bitcoins market cap?
Post by: DublinBrian on August 19, 2012, 11:58:17 AM
Someone is accumulating bitcoin. What we dont know, is what their intentions are.

It could be a pump and dump. Or it could be the dawn of the new monetary era.
We now know it was a pump and dump.

I would like MtGox to identify the culprits, but I know they wont.

Goldman Sachs?