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Agree that options would be a great enabler for more trading.
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it is very simple
Like for buying any stock on a stockexchange, you can buy and sell bitcoins on bitcoin exchanges .
Then what you want is "buy low sell high"
Bitcoin is still in its infancy, chances are that longterm prices can rise significantly. It could be like apple when they were at 2 dollars...
Of course, there are always risk for declines, in the end it is you to decide.
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Maybe we can reach out to some Asian forums? Anyone who has some contacts?
A bunch of Japanese tweeted about bitcoin. Maybe we could contact one of them and ask them if they're interested in making some sort of exchange for yen to bitcoin. That would be great if you can connect with them. There exists the possibility on btcex.com to trade JPY/BTC already, and either the Japanese can do it that way or they set up their own exchange, which is maybe a better way to get funds in. |
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No one interested  lots of people are interested, i guess, but it's still kinda complicated to get money into our little economy. Not hard now, just use your credit card here: https://www.bitcoingateway.com/True , but creditcards are accepted for US people only on bitcoingateway (which is great, but it should be global)
We should also make a pitch to get some Asian folks in. I am sure they are also interested in investing.Maybe we can reach out to some Asian forums? Anyone who has some contacts? |
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2 questions, please
How do you promote this in Asia? Offering JPY is fantastic but I do not see big volumes.
Overall, are the volume displayed on bitcoincharts.com correct? I see volumes mostly below 10 bitcoins which seems weird.
thanks!
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No one interested Are most people here busy with fighting Goliath's like paypal, mastercard, etc. vs. trying to grow bitcoins? What about a tell-a-friend initiative? If you convince a friend / colleague to buy bitcoins, you will get a special bonus? |
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it only takes about 30,000 $ to ignite the next bitcoin rally.
That means for example 30 people buying bitcoins for 1,000$ globally... Not a lot.
Why am I saying this?
because it is indispensible for the bitcoin economy that prices rise.
as someone else has stated yesterday in the forum:
unless the value of bitcoins rises significantly there is a viciuos circle :
not enough businesses accepting them, because too few customers having bitcoins
not enough customers buying bitcoins as not enough things to do with them
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I would contribute some venture capital for the "right" business.
+1 I am also in for the right business plan and purpose, staying as legitimate as possible. |
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Doubtful. Most likely it is the result of the combination of the market effects of the QEII news wearing off, the ongoing base expansion of Bitcoin, and normal market fluctuations. Truth be told, no one can really say for certian until after the fact; which is also generally true with the stock markets. Those market pundits that get paid so much money to go on news shows to explain the twists of the markets are really just offering up an educated guess, but aren't going to display their own uncertainty, because outward confidence is what much of their own income is dependent upon. Elliot wave theory doesn't depend on causes, but simply makes predictions based on analysis of the market price movements.
Exaclty. This Elloitt wave principle, coupled with other technical analysis and sentiment measures proved to be successful for me over the past decade, in all the bull and bear markets. |
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This is good.
Should we make a concept test to see whether an alternative advertising works even better?
What about:
"Bitcoin - the best electronic payment"
Find out yourself: Click here.
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Mtgox comment came while the price has also reached 0.185, so no, it is not related to his comment.
It's just a logical consequences of less buying volume than selling volume. Unless this changes prices will not rally. And secondly, the market technicals (price direction, volume trends, technical indicators) are quite bearish. In those cases, traders and investors are typically not recommended to "cathc the falling knife".
This condition can persist quite some time, without finding fundamental reasons for it. It's herding....
Lastly, sentiment is still too bullish for a persistent rally, most people in this forum "talk the market up" which is not a good sign. (recall how people said at prices reaching 0.1 $ that the rally from 0.06 is too steep.. prices rallied much more (+500%) before reversing.
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Typically in the technical analysis, "technically worse" means bearish and "technically better" means bullish. But I agree it can be misleading. Because for short sellers, DOWN means it is positive for them.
But I have corrected my wording to make sure it gets even more unbiased.
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break down below 0.20, currently at 0.185 $.
It is quite probable that we are in a sell off towards 0.10-0.11 $.
Sentiment is highly bullish which is a contrary indicator, confirming the direction is DOWN.
This development again confirms that investors should never become complacent and ignore that both , huge rallies and also crash type declines are always possible, with all investment vihicles, including bitcoins.
Full analysis tonight.
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I also think a deadsite switch system is deperately needed to enable bitcoin communicty growth.
I know a couple of people personally who would like to buy bitcoins but are afraid that they lose all in case of a shutdown.
I'll pledge 50 BTC for someone who could enable a working deadsite switch system for mayor excchanges including MtGox, etc..
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yeah
* bitcoin cuff links
* bitcoin ear rings
Exciting!
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Yes, go to the facebook link Bruce posted above
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