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Law of large numbers at played.
As human population increase, certain small events can be observed and played out more often.
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Shorting the Dec future at the moment. Should the spread go up, I will short more.
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XAPO will be offering this service soon.
There are also vendor right now offering this service for 5% fee.
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Ethereum is a new reason for bitcoin capital flight, bitcoin adoption rate is decreasing
While investors are buying, the founder and developers are selling and laughing all the way to the bank. |
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The IPO is for a fixed amount of days. The amount of Ether created is exactly equal to the amount demanded by investors. Its market cap will be what the market decides. The Ethereum developers have zero say in this.
Good luck to the investors then. |
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I don't see at all how this is any good for investors. If one is paying for this imagining he is doing it for the greater good and changing the world then thats fine. But I bet most are investing hoping for a huge profit.
This is one IPO which in its original avatar raised a lot of flags in my head. I will just wait for a competent group (like the XCP guys) to fork it.
Any coin can be forked. That's not a valid argument specific to Ethereum. Investing in Ethereum is a good for its investors because if it works, it will likely swallow up every coin out there - including bitcoin. Why? Because it is a far more powerful proposition than anything else that exists right now. It appears that the supply of coin is controlled by developers. Should demand go up, what stop them from creating more? It is not controlled by the developers. The IPO thing they are doing right now. Where is the ether coming from? Did they say how many they are going to create? |
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You can check the order book on the top 5 exchanges and do estimate how large volume will impact price.
One thing you should consider is, large order usually don't buy or sell in one trade. They normally spread out on all exchanges and over several days.
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I wonder how they can offer 10% off. I mean their margins can't be that big. Maybe they are just trying to use the discount for advertisement and to drum up some business. I do think it's a good thing though. I really could see some saver-minded folks trying to figure out bitcoin so they can use it to get the 10% off.
Alienware profit margin probably is higher than 10%. The same spec from Alienware can be purchased elsewhere much cheaper. |
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Another option that many people don't realize is that btc-e.com allows withdrawing money to any visa card.. including the ones already in your pocket - and it probably works with most prepaid visas you can source locally too. It sends the money through the visa network (using the long number on your CC) so it doesn't require any bank account to be attached to the card.
I did not know that! do they charge for it? The fee is 5% - not great I suppose, but it works with your existing cards.. so it's there if you ever need it. omg, outrageous fee again I guess they want to milk us while it's still a novelty really can't wait for xapo, seems to be the only fair solution if they really don't have fees as they say though. Also waiting for any news from them. 5% fee is a little too high. Did Xapo say how much they going to charge? |
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Sounds like another ripple attempt what is up with the devs can change the amount at any time? what? developers trying to get rich and haven't created anything to ocmpare to Bitcoin.
If they can create any amount, why are people buying now? |
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Going to suggest a year supply of non-perishable food and water as well as tools to hunt and cook wild animals/fish if you don't live in the city.
Do you seriously think you will need that? Do you live in Zimbabwe or something? Technology is far too advanced for Western countries to fall back to primitive societies. Any financial collapse will only be brief (2-3 years at most) and not much will change. I agree that this would be excessive to hold any significant amounts of food as the food supply would likely not be put into question. Also the government generally protects the food supply by guaranteeing loans to farmers and by buying excess food that is not sold to keep food prices from being too volatile. Research what happen during Katrina, Argentina defaulting and after Zimbabwe currency collapsed and after Israel neighbors invasion. It is always better to be prepared than be sorry even if worst case scenario do not come true. |
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They are still making a lot of money for funding the project they have Looking at the site its 7,182,144 ETH Or near 3600 Bitcoin * 600 = 2.15 million  https://www.ethereum.org/Look like they have a lot of supporters and believers. I am sitting this one out as I have seen too many coins end up badly. |
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Going to suggest a year supply of non-perishable food and water as well as tools to hunt and cook wild animals/fish if you don't live in the city.
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Most of us will probably not be alive when the dollar collapses so it's not going to make much difference to us.
Actually, if you are still in adult age, you will most likely still be alive to see the next great war. For those who are 60+, they may be lucky and be gone before that happen. |
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pretty sure crypto is the future of money... its only a matter of time, crypto is far superior, its the next logical step, it wouldn't make sense to stick to fiat for very much longer, fiat has some serious security holes, easily taken adv of, always in a state of collapse, not good for the economy, and once you go crypto you never go back, so....  That we all agree. Question is which crypto? |
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10 folds increase in 5 months is not a rational expectation from investor viewpoint.
Yeah but bitcoin is not a normal investment and that folds are more than usual in this enviroment. On both direction. Remember the risk associated with holding the coin. |
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10 folds increase in 5 months is not a rational expectation from investor viewpoint.
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the price of Bitcoin is exceeding 64 bitcorns on the last day of June..
A nice prediction by a sad uni professor (Mr. Willams) that 1BTC=1bitcorn ($10) in June 2014
I think that he is to be make fun off until the end of bitcoin...
Hahaha, 10 dollars= 1 bitcorn is hilarious, I'm adopting that. I think he is officially wrong in half of the world now. I'm bullish on the future of BTC, but I still think it is far more likely that we see $10 before we see $100,000 If you are bullish how can you ever think BTC will go to $10 before $100,000? The chance that the price will fall to $10 is almost zero. Even if SHA-256 is cracked it will be replaced fast by SHA-512 or whatever and there would be bigger problems in the world. Previous bubbles have shown that there is just so much demand for BTC, after each new high there are higher lows and it's even very unlikely $330 will be seen again. Along with all the great news lately how do you think it is far more likely? Should know by now any event is possible however unlikely it is. Has it occur to anyone that Fannie Mae, which is backed by US government, a company with close to 100 billion market cap before 2008, will go bankrupt and need bail out from taxpayer? |
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It is easy to criticize fractional reserve banking, but what can you offer instead of it? Communism? Or some deflationary system which doesn't work? (Bitcoin is inflationary)
At least raise the reserve requirement higher when demand for loan is high. |
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