It all looks & sounds very nice but I'm beginning to lose hope that I'll live to see prices like that.
[PLACEHOLDER] Follow-up question: What does it take for today's Bitcoin price of $233 to be unjustified? (In the long term.) |
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Note that this only considers Bitcoin as currency.
The boring stuff. Store of value, simple transactions, remittance, settlement, "swiss bank account".
The stuff Bitcoin does today.
No fancy pants programmable money or NASDAQ on the Blockchain or Internet of Things.
No science fiction. No revolutionary or speculative 2.0 future applications.
Good old fashioned Bitcoin digital money.
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http://americasmarkets.usatoday.com/2015/05/19/nyse-launches-a-bitcoin-index/The whole situation is looking rather spring coloured today. Chart source is: www.btccharts.com If this goes on, buyers will have to change from patiently placing limit orders below, to market bids. And what happens, when that happens? Demand is very close to catching up with today's relative abundance of supply. And the epoch of abundant supply is fast coming to an end. Tick tock. What did it take to buy Bitcoin in 2010 or 2011 or 2012? By 2011, millions had heard about it. Perhaps: Not looking at where we are, but where we're going. 
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I see you post from that site/service often. Where is that from?
btccharts.com Btccharts best live charts. ♥ |
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It tracks the price faithfully.
Well, minus the fee (2.5 %/year, compounded). It's still a good trade-off for anyone who values their time. No worrying about getting a dedicated computer & paperwallet & setting up m-of-n keys, in multiple physical locations. The most important thing is to get in before 21. Inc starts shipping hardware wallets in millions of Qualcomm and Intel consumer devices. I cried about 10-15% fees when Bitcoin was trading in the single digits. At the bottom of the hype cycle. But I got in. And it turns out the most important thing was getting in. Getting Bitcoins was hard. Still is. Most people used to give up somewhere along the way. This open the door for millions of people. Bitcoin exposure with a click. The significance of the XBT Provider ETN will only become apparent with time. It's a liquidity sink. Draining supply out of the market. And Bitcoins are scarce. So... Stolfi, you should should get some. |
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Looks like a big seller, most likely KNC, sat right at 9.73/XBT all day on the ask. Which pretty much capped the price.
Interesting why they wouldn't try to get some sort of BTC premium like GBTC was getting.
The ETN is supposed to track the value of the underlying asset (Bitcoin). I tried it today... XBT Provider ETN is live and listed on NASDAQ OMX Stockholm as of today. I just bought me a Bitcoin, via my brokerage account, with one click, with no signup, with no delay.    Pretty sweet. 200 shares of XBT tracker ≈ one Bitcoin. Some of the best things about this: There's no hassle and worry about security. It's instant. It tracks the price faithfully. I'd say this is easily the best way to get exposure to Bitcoin. So, yeah. I'll definitely recommend this to people. The only "bad" thing is... The Winklewii got scooped. Again. 10/10 |
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go! go! go!
however I fear there is a strong psychological resistance at $1000... wat? $1000 BTCUSD? But we should remember it was only an high manipulation and we will not see again 1'000 dollars per bitcoin (maybe after the next block reward halving, who knows). We could easily see $1000 before end of year. |
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Someone just bought 50000 shares.
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Disapointing to look at the graph and see it the same price as yesterday though.
Hey, at least we're not relentlessly going down. Price is stabilizing. So, supply and demand is close to finding equilibrium. The end of the downtrend is well and truly nigh. First, some boring stability. Then expansion. All the infrastructure is in place. Add just a little extra demand and we'll be taking off. Think upside. This is the time to get your risk on. Sell a kidney or two, remortgage your house for Bitcoin, etc.  Long term, you'll lose out on something like $200... or gain something like $40000... PER BITCOIN. You do the risk/reward. |
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This is nuts. XBT Provider ETN is live and listed on NASDAQ OMX Stockholm as of today. I just bought me a Bitcoin, via my brokerage account, with one click, with no signup, with no delay. 234$? Something like that... ~235.50 USD/BTC Feels like the future just arrived. |
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This is nuts. XBT Provider ETN is live and listed on NASDAQ OMX Stockholm as of today. I just bought me a Bitcoin, via my brokerage account, with one click, with no signup, with no delay. |
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I need elux in my life.
You seem like the type of person who could turn a pile of shit in to a nice bouquet of roses.
Long live this thread. See you all on the other side of 10K
Turning shit into roses, lol. Let's call it TAKING BACK THE NARRATIVE. omg so many good news is such short time frame. this is moon, for sure boyz!!:)
It's heating up! I am still stacking! Hold fire!
Can't promise anything! Yes! I was hoping to see the prices actually higher:
Is there really a Rally!!! or are we temporarily stuck with false profits?
I see a rally in your future. New ATH 2015? BEWARE FALSE PROFITS |
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I smell a dumpz cuming.
Bitcoin is taking over the world, man. In the last three hours, we've seen: - Ban on Bitcoin websites overturned in Russia.
- Legalized Bitcoin gambling in US.
- Factom (i.e. Bitcoin blockchain) based LAND REGISTRY in Honduras.
Tally up the evidence. Time is running out fast, bears... |
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