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What evidence do we have that bitcoins are being bought up off-exchange? Obviously Second Market. Bitcoin days destroyed? Anecdote? Other?
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We're not going anywhere, period, unless someone is willing to buy above 453 or sell below it. In the past 90 minutes I see 15 minutes during which trades occurred.
The relevance of exchanges to the bitcoin economy may be waning.
you seem to be forgetting heartbleed. you can't log into to bitstamp. That was quickly patched. More quickly than some old money online banking web sites from what I understand. https://www.ssllabs.com/ssltest/analyze.html?d=bitstamp.netBitstamp log-ins have resumed? DDOS mitigation providers not yet patched. News is on Stamp's front page. |
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I don't understand the waiting part. If you wanted to invest $100 million in Bitcoin would you really wait for more infrastructure to develop? Don't these people realize that the price will be much higher by the time that happens? Something doesn't add up.
The great impediment to gains in BTCUSD is the bandwidth of the pipe. It's just too hard to buy BTC. The great impediment to institutional investment is volatility, which is the result of the price being too low relative to the amount of money that wants to move in/out. It's a bootstrap problem. One way to resolve it is to increase the size of the bitcoin economy, resulting in more velocity, more churn, more liquidity and more price stability. That will remove barriers to institutions. Another way is to fatten the pipe, as e.g. by creating a BTC ETP. Entrepreneurs are working on both of these avenues, so stay tuned. (Or better yet get out there an innovate yourself.) I sort of agree, but then I think... it isn't that hard to buy bitcoins. Again, if you have deep pockets, can't you just call up Barry Silbert and do it? Barry's team at SecondMarket will source bitcoins from all of the major exchanges/miners/locals, etc. I can see why institutional investors would stay away until there's more regulation: legal nightmare in the event of lost coins. Others? Not sure. Perhaps bitcoin is less well known/understood outside these boards than we'd like to think. |
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I don't understand the waiting part. If you wanted to invest $100 million in Bitcoin would you really wait for more infrastructure to develop? Don't these people realize that the price will be much higher by the time that happens? Something doesn't add up.
I've often wondered about this - particularly at the moment, when bitcoins appear to be cheap. I've not come up with any answers, except that 1) A LOT of 'investors' are short-term speculators who hold for days or weeks at most 2) There's still enough perceived risk to put off newcomers 3) Those who have made money from bitcoin (and therefore have both money and inclination to invest in bitcoin) are waiting for lower prices. Still doesn't add up to me, though. |
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This should be the case. I'm not convinced, though. Gox says otherwise.
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The real question is how much is already priced in. That's the Gox scenario of traders continuing to trade up to the wire.
We'll know after the 15th, unless the PBoC just lets it slide for a few exchanges, which also seems possible...
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Truth is, Bitcoin is still a ponzi pyramid, with 1% of the owners owning 30% of the coins...
It is of no concern to anyone if only 1% hold 30% of the coins, they are not profiting off you like how a ponzi scheme works, they are profiting off the market. If the reason you are not getting into Bitcoin is because you felt bitter of other people being richer than you just because they got in early, you are letting emotions cloud your logic +1 Fantastic response I've said it before: any publicly-traded company is a 'Ponzi scheme'. People buy shares, the price goes up, the early buyers find their shares are worth more. But not everyone can get out at the high price. Tell it to BP, HSBC, Google shareholders. The difference is that a Ponzi scheme is built on nothing but other investors. Where there's real IP and real value, it's a different story. Does bitcoin have real IP...? [Discuss. But not too long because the answer's pretty clear.] |
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The Chinese sold their coins already if BTC is really banned. Nobody is so stupid to wait until April 15th to sell his coins. Why would I wait until April 15th if I can sell them now for $450??
Nothing will happen.
They will sell only if Huobi/BTCChina announce that they halt bank transfers/fiat deposit/withdrawal. Even the Chinese don't know what is going on. They won't wait until April 15th if the news are out before the deadline. But they will wait until the exchanges tell them to withdraw. I'd love to believe this. But Gox taught us that there's no accounting for greed. People were sending fiat to Gox right up to the last minute, even though it was clear to most people that something was very, very wrong and its time was limited. I don't see why the same shouldn't be true of the Chinese exchanges that are still running. |
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I personally doubt that after fall to 100-200$ bitcoin will rise again. Just scare to think about all those people who newly bought all those gridseeds, dragons with THs of power, thinking they will get money back. But now, difficulty is still rising, and value is falling. This hardware will never ever get your money back. Is htere any other purpose for SHA256 ASICs? Can you hack protected files with it?  Where do people get this retarded idea from that "Bitcoin is dead if it falls below price x". Oh yeah, I know: from the same jumping-to-conclusions part of the brain that tells them "we never fell below the previous ATH, so it can't happen this time either"... 1) Consensus is that bitcoin will increase in value by an order of magnitude every year, until the end of time. 2) (More seriously) I see this as a dotcom crash scenario. Yes, the crash in price will convince a lot of miners and other companies to rethink (i.e. exit and try something easier). But few serious businesses expect to make money in the first year. The ones that will survive and provide value will have thought of this and realised that this is a long-term (meaning longer than 3 months) game. The fall just cleans up the landscape faster than otherwise would have happened. |
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interesting, at what value people will think the bitcoin story is over and will mass dump everything?
200$? 100$?
Good question. I think 380 is psychologically important and below 200 would probably be a decision point for even hardened hodlers Depends when they got in. For hardened HODLers who bought in at $800-1200, what's the point? Might as well sit it out and see what happens. |
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Congratulations to the owner of 1CPJMtMhj8JJbLwRMiQERcuu2wqiyJYhXd, who has figured out the key and swept the funds into their account.
If you haven't already, please come forwards and give your name to BitScan.com so we can recognise you publicly.
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320
250
180
130
Much bored. -> ignorr |
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I will not buy that shit anymore. Totally useless crap those cryprocurrency are
until i can pay with BTC for my Pizza, in grocery store of for other daily life services, i would prefer real money.
How much did you get burned by? Not much, "just" about 250 Euro. Still good money. Anyway that was pretty good experiment, life experience, so to say:) With your money Bitcoin will be live, without your money Bitcoin will die. Dammit, he's right. Thanks a lot chromosoma, your lost 250 EUR has killed bitcoin. |
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I'm curious to know from the oldbies. Did anyone predict the last bubble? There is a lot of talk of a summer/autumn 2014 bubble, as if such things happen with predictable regularity.
Whilst there are reasons to suspect an increase in price (Wall Street etc), putting a date on it let alone assuming another bubble seems risky at best, especially given the current state of play.
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Another input from LEE
“A general lack of domestic investment targets, coupled with the lack of understanding of bitcoin led to bitcoins becoming speculative grade. After the April 15 message, investors will re-evaluate bitcoin, an industry reshuffle may also occur.”
After the April 15 message. LEE CONFIRMED!
Meaning what?! China shutting down bitcoin (or at least all banking relationships) is already confirmed. This "reshuffle" is presumably party-speak for a funeral. Lee expects a massive crash. That's what it means. Seems like anyone who waits until 15th might as well go down with the ship. News will have been out 2 weeks by then. |
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Another input from LEE
“A general lack of domestic investment targets, coupled with the lack of understanding of bitcoin led to bitcoins becoming speculative grade. After the April 15 message, investors will re-evaluate bitcoin, an industry reshuffle may also occur.”
After the April 15 message. LEE CONFIRMED!
Meaning what?! China shutting down bitcoin (or at least all banking relationships) is already confirmed. This "reshuffle" is presumably party-speak for a funeral. |
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ITT some in here don't know tera that well and assume this is for real.
Would be funny though if April 15 culminates in a huge bull trap.
Ah yes, the moon is in Taurus. |
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I will truly be a bitcoin billionaire by the time I am 25 I believe. This house was inherited from my father who passed away a few years ago
So how does it feel to be a dick and to think its that easy to become a billionaire. Only children think you can become billionaire that easy. How does it feel to be humiliated ? Just the right consequence of your irresponsible act He already is a billionaire in South Korea, Zimbabwe, Iran, Viet Nam, Sao Tome and Principe, and probably Somaliland... Congratulations! And the Republic of Doge. |
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Wasn't there a thread recently that suggested blood moons were behind all of bitcoin's major turning points...?
I remember the idea wasn't received very well.
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