So it's obvious this news is gradually getting out if more people are posting it here thinking it's new news. Same phenomenon happening on reddit, there's at least 10 posts on the /r/bitcoin subreddit  |
|
|
|
...
Perhaps by 'strangling' you mean the the govt's are accumulating all available gold for their strategic reserves?
Nope. India's gold reserves have remained essentially flat. They bought a bunch from the IMF a while ago as I recall. I don't remember exactly when, and of course I have no idea if they managed to take delivery. I would not be one bit surprised if they got the shaft unless they were willing to be content moving some paper around describing ownership of phyzzz in London. In any event it's not like anyone is under an obligation to divulge exactly what they are doing. IIRC, China's holding like doubled over one night. I don't treat any statement from any government as gospel for this sort of thing personally. Seems that in ~chodpaba's world, though, what happened with gold several years ago is meaningless now that in a giant and sudden shift everyone is rejecting gold as a representation of value...for the first time in about 5000 years. I'll buy into that in a heartbeat as soon as I hear credible stories of cost effective nuclear transmutation. When was the last time we did something that we had not done in the last 5000 tears?  utilize electron potential tcp/ip bitcoin |
|
|
|
Winklevoss Twins IPO is a big move, I also think digital asset is the best suitable category for bitcoin currently The interesting thing with bitcoin is, the fundamental support behind bitcoin (mass acceptance by merchants) will only be established after it is widely accepted as an asset with high return, not the other way around. In bitcoin's world, almost everything is against the traditional wisdom  oh how far we've come. I remember when the only market that existed was SR |
|
|
|
does anyone know how long it will take the SEC to approve this and have them traded publicly? Is this done fast or does it take weeks/months?
go read up on the siriusxm fiasco, took them years to approve that effn merger. Did it take them years to approve because it was a fiasco, or vice versa |
|
|
|
I've been interested in such a car for awhile, glad to hear it's a reliable beast. She's a beaut |
|
|
|
After all it's effectively stating that the opening price of BTC is $100.45 no?
This could be a sneaky way to cap the price while they buy up more BTC
No. The s-1 indicates the quoted price used was solely for the purpose of paying the registration fee. If approved by regulators and an exchange shares will be priced at the current exchange rate. I mean say BTC price falls 30% over the next six months you really think institutional investors are going to buy millions of USD worth of BTC paying a 35% to 40% premium over face value? aha, thanks for clarifying. Perhaps you can explain how the trust will buy new BTC. Say my retirement fund allocates 1% of it's high risk package to BTC. That would no doubt increase the price of the winkelvii stock above the market price of BTC, how do they compensate for that? Probably the same way they bought their first 1+% of the entire Bitcoin market, by hiring a market operator(s) to wring out all the weak hands like all the bears you see here |
|
|
|
Found a nice article on that http://www.sjsu.edu/faculty/watkins/sovietcollapse.htmExcept for the Reagan part, where they claim Soviets increased their budget in response to Reagan. Historical data sows otherwise: http://one-salient-oversight.blogspot.com/2012/09/let-end-this-nonsense-reagan-military.htmlSo it seems just propaganda against some existential enemy (terrorists!) is enough. One problem: USSR was actually really socialist and communist, not like America is "socialist" and "communist." Also, they were pegging their rubble to the British pound for whatever reason, meaning once the peg couldn't hold any more, it *SNAPPED* like pegs always to. So maybe it will take a while here. Unless that theory about Bicoin becoming a financial black hole proves true, where as soon as Bitcoin and USD come close to being 50/50 used, Bitcoin will suck in all remaining USD wealth as people abandon USD enmasse, self-perpetuating it by causing BTC to rise and USD to fall drastically in the process. |
|
|
|
yes, the green line.
I was in some sort of denial. But now this period is just too long.
But also the red one is coming down now.
If you campare this to 2011, we see that when the red one is coming down, the new highs are lower than the previous highs and the new lows are lower than the previous lows, a bearish sign...
It's like you guys are conveniently ignoring all the development in the past two years |
|
|
|
Can't wait until I have my IRA full of bitcoins!
Bitcoins are my IRA |
|
|
|
Google search trends for bitcoin. Values it at around $25-$30.
quick, someone do a r^3 regression |
|
|
|
We could climb up into the 90s sorta signalling an almost-double-bottom which would be a very good thing if the 90 level can be held for a couple days We seem to be teetering right on $90. A nice little bid wall will grow right there if we are lucky. A lil' consolidation never did us no harm |
|
|
|
I suspect prices are going to go back up tomorrow morning when the Winklevii news gets out.
Me too, it'll probably accelerate as people deposit more fiat in to speculate off this |
|
|
|
For the first time in a long time, the USD interest rates are going through the roof. Currently everything up to 1800% APR is taken. This is crazy because the current variable rate is 48% and it has been around 40% for a couple weeks.
It is also interesting that this is happening with 550k of US loans. Previously it took 700k of loans to get these high rates. So maybe 150k is removed out of the market due to low interest rates, or some of it might be sitting on the sidelines.
heh if that's true I dare them to go for a long squeeze. Curious to see what happens |
|
|
|
Watching this. Looks interesting.
Smoothie, wanna start a Litecoin ETP now? |
|
|
|
Also known as how do you exit an illiquid market without destroying the price...
The beautiful thing with bitcoin is that you may never need to liquidate them, you just simply spend them if the acceptance is enough wide, means only money inflow, no outflow i agree that's why i collect every kind of "coin" i can get>> get it?LOL >>NICEEEEE Nice to see reason simply oozing through these forums. You do realize the Winklevii have investments in other Bitcoin businesses, they will not shoot themselves in the foot and compromise their investment. |
|
|
|
If this is approved, anyone cares to predict when all this will come to market?
They'll want to as fast as they can without compromising their investment |
|
|
|
[img]
Funny you should ask.
I think we are just passing denial and going into pessimism. Note how the posts with "We will bounce right back to $150 and beyond", and the denial that we are in a bear market have begun to fade away. so if we keep repeating it enough it must come true, right? |
|
|
|
Its clear we're in a slide, but personally I won't panic unless we break the low at $57 or whatever it was.
why panic when you can buy Becuause if it breaks $57 It'll probably go down to like $20 or something. IMO the support levels are: $85ish (the low following the bounce off $57) $57 $17 (won't actually hit it, likely stay like $20ish or something) Currently I'm thinking a bounce off of $57 is most likely, probably never actually hitting $57 again, though we'll likely see $60. I've been wrong plenty before though so I could easily be wrong again. prices won't go below $70-$75 unless Gox breaks below $88 before they start allowing USD withdrawals again. If it doesn't break below that, we will have a trend reversal, likely a fantastic one. law of demand....as price goes down, demand rises... intro to microeconomics stuff peeps |
|
|
|
|
Show Posts
