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To your questions:
1) Bigger players are investors / speculators who invest more than 10k USD into bitcoins. I know a few of them personally who are actively considering doing that (I will never be able to guarantee what they do, but they are serious). Some people like them can easily pump in >100 k USD if they want. If you think about just a few of them entering, the market will already rise a lot. If hundreds of them enter.. you can imagine more.
2) 100x seems illusionary, but in reality that is not impossible even in the near term. Two examples:
a) Amazon started trading at the NASDAQ in May 1997 at 2.4 $. In May 1999 they were at 110$ (up 45x, and don't forget that here we are talking huge market cap, 50 Billion $ at the 110$ high.)
b) Bitcoins increased from 0.003 in May 2010 (see bitcoinmarket) to 0.3 in November 2010, an increase of 100x in 6 months. BTC has done it already. Doing it again is not out of question.
And finally, it is good that some of you don't believe that this happens, because based on sentiment analysis, this means that we are not yet anywhere close to the peak. Only if more than 95% of folks believe that it can't go higher are we close to a high.
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now we talk seriously, finally...
At least within europe, MtGox now represents a truly big and easy to handle exchange, similar to normal ways tk trade stocks, etfs, funds, etc.
If some bigger players enter the market, we can easily see 10x, 100x fold increases in bitcoin value, as there is not much required to move the market substantially.
Some folks selling currently between 0.3 and 0.35 might regret it.
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I am a freak because I didn't even go out to look at the fireworks just to keep on working on my Bitcoin website?
No, you are not. You just focus on what is really important and fun at the same time :-) |
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We now have a European bank account so can accept deposits cheaply from the EU. email for details.
This is great and will likely mark the start of yet another BITCOIN RALLY phase.It may take up to mid/end next week until transfers are on MtGox, but then... a potential rally is on the horizon. |
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Servus!
Du gehoerst natuerlich zu uns!
Wo kommst du denn her in Oesterreich? Ich bin aus Deutschland lebe aber in der Schweiz bei Lausanne.
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I have to say I need to learn Russian...
I am so curious what you are writing in Russian here. Are you doing bitcoin advertising on Google?
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The Bitcoin community is doing a good job of selling Bitcoin using rational arguments.
Unfortunately, I don't believe rational arguments are going to convince non-technophiles and non-libertarians (the majority of the population).
My experience so far: When I try to explain the benefits of Bitcoin to friends and relatives, in the majority of cases I get a strong negative emotional response.
This response is almost automatic, knee-jerk like. There seems to be something at the very core of Bitcoin that bothers "normal" people, something irrational (when I ask them to be specific about their objections, they become irritated or change the subject).
When I try a rational response, it doesn't work. Even if the rational part of their brain agrees with me.
I think we need some snappy emotional counter-arguments that we can throw at people pre-emptively.
So here are some emotional objections I've heard:
* Scam!
* Ponzi scheme!
* Name calling. (You are an idiot for falling for something like this! ; Another one of your harebrained Utopian ideas! ; You are clueless because you are no banker!)
* Proof of work is a waste of energy!
* If there is no guarantee, it must be worthless!
* If I can't touch it with my hands, it must be worthless!
* Economic inequality is unfair! Everybody should be issued an equal amount of BTC!
* OMG Deflation! Bad!
* No regulation against speculators? I lost half of my pension because of those bastards!
* Nobody in charge? That's anarchy! Nothing ever succeeds without a strong leader!
* Money Laundering! Kiddie Porn! Gambling! Drugs! Terrorism!
* I hate tax evaders!
* Capitalism/money is evil!
I like your goal to market bitcoins in the right way. It should be a good balance of emotional and rational points, but I agree the emotional aspect is critically important at the first contact. |
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You may be able to contact Bethel or Valerius here in the forum (perhaps they sell bulk).
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guys this is a complete misunderstanding.
What I mean is that we could all try to spread the word about the greatness of bitcoin to intelligent women we know.
Women are often great in business and often even superior to men when it comes to financials, trading etc.
I am sure bitcoin will be interesting to those women.
If some women get to use it, we have 50% growth potential for bitcoins.
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Coming back to the women topic...
We could reward the man who brings in the first ACTIVE bitcoin woman (not just his girlfriend, or wife, etc.) but one who is really contribution in the forum.
I pledge 3 BTC.
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That's a good question about the miners.. I would love to understand this as well.
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BTC/USD has just cleared the 0.25 resistance and moved to 0.26 $ on relatively strong volume.
RALLY seems to continue...
Seems like the dark pool ASK order on MtGox has been bought fully.
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All, as some of you have experienced, I cover BTC/USD in the trading discussion and also on MtGox blog, and I will continue to do so. Since I have been successfully analyzing key financial markets over the past 12 years, I am extending my service now to the following financial instruments and - as I love so much the Bitcoin idea - will only accept bitcoins as payment.I am using technical analysis (indicators, wave principles, etc), coupled with sentiment measures and my personal experience. Since I am not a web developer, I am starting this simply here on the forum via requests per mail. Initially, I will accept 20 requests per week only. Initially, price is as follows: Every specific guidance = answer of your question and analyzing it will cost 30 bitcoins, to be paid upfront to 16B4Xg1YZX3Endqm6RDeLaXWi4tBnWi2Gc Time horizon is not intraday, but rather days, weeks and months. I will respond to your request within 48h, unless stated otherwise. Once I have answered 20 requests per week, I will close the consultancy in the respective week. Examples of requests can be as follows: * How do you see Gold in USD developing over the next 4 weeks, (or 7 days, 2 months) * I am trading DJI. What is your recommendation (long/short) over the next 7 days? What are possible entry and exit points? etc. Buy low and sell high! So far I have completed to the satisfaction of the customer:
>>> NOK/EUR analysis for sturle (Norwegian crown vs. Euro)Currently, I am in the process of doing a Platinum analysis |
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In my personal point of view, this would be fantastic becuase it is generally about INNOVATION (like you stated in areas like: The documentary is about Atmospheric Water and low tech water collection devices for the future, Hydroponic and Vertical Farming, Grassroots Financial Systems, Homemade energy, Overpopulation Myths, Grassroots Viral MediaI, Industrial Hemp and Mass Apathy.)
It is actually needed that bitcoin awareness and publicity moves to higher level, so this is spot on.
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I disagree.
We are still overall in a deflation that will accelerate again and will be persistent for some time until inflation kicks in again.
What you see in some mainstream financial coverage is the masking of the deflation becuase noone wants to face reality.
The best way to look at it is to view the Dow Jones / Gold ratio. Then you see that deflation is in full force still, and will further accelerate.
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