I love these rational analyses, free from emotional hyperbole.
Forget charts and fundamentals, here's a graph of the looseness of my bowels over the last week.
lol +1 |
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As usual I think the intellectuals in the community are over analyzing what is clearly a (Sling Blade reference) "It ain't got no gas in it"
It's only being used as a store of value because -> Merchants at large don't take it.
Merchants don't take it because -> the currency risk associated with a volatile commodity with no instant means of transfer into the fiat of your choice.
There's no means to transfer it into the fiat of your choice instantly because -> IT GOES AGAINST THE PLAN MAN!!!
In the end for bitcoin to move through this growing pain and reach adolescence someone (possibly coinseter.com) will have to give merchants the security of knowing they can instantly exchange the bitcoins received into fiat in their bank to pay overhead. At least until it reaches adulthood and they can pay their expenses in bitcoin.
bitpay.com and many other competitors in america and europe already. I dont have any idea why I keep hearing this "volatility is bad for merchants" argument over and over again. Not to derail the thread, but who is/are the Europeans doing this? among others (links I cant remember at the moment) |
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As usual I think the intellectuals in the community are over analyzing what is clearly a (Sling Blade reference) "It ain't got no gas in it"
It's only being used as a store of value because -> Merchants at large don't take it.
Merchants don't take it because -> the currency risk associated with a volatile commodity with no instant means of transfer into the fiat of your choice.
There's no means to transfer it into the fiat of your choice instantly because -> IT GOES AGAINST THE PLAN MAN!!!
In the end for bitcoin to move through this growing pain and reach adolescence someone (possibly coinseter.com) will have to give merchants the security of knowing they can instantly exchange the bitcoins received into fiat in their bank to pay overhead. At least until it reaches adulthood and they can pay their expenses in bitcoin.
bitpay.com and many other competitors in america and europe already. I dont have any idea why I keep hearing this "volatility is bad for merchants" argument over and over again. |
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 Looks like its coiling again for another big move. Question is which direction? If the trend has indeed shifted from the reversal (as I predicted), the move should be up. |
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Count #2  If we were to extrapolate this out, what would the bull target look like if this came true? |
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I wonder if proudhon bought yet  I'll buy again when it looks like the bottom is in. It isn't. Let me guess, the bottom is $2 right |
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Let's pray the shaking has managed to spread the coins out so the biggest wallets are smaller than before the crash. Sadly enough I doubt this is the case. :|
Sadly I dont either. Most people need to learn the hard way (I know I did, way back when). |
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Looks like the tree was shaken about as much as it could and now panic buying mode is setting in.
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I dont see it. Because of all of the volume, looks like a reversal to me.
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Congrats on calling the top btw Lucif
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And we are nowhere near finished.
I imagine that once the tree has been entirely shaken (90,000 coins were just sold in a few hours...), we will start heading right back up again.
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How many institutional investors do you know (or heard of) that are invested in bitcoin ?
Colas & convergex group are clearly invested & telling their clients to invest a % of their portfolio. This is just one guy on TV (bloomberg). Its pretty clear this is not an isolated case... + The malta hedge fund investors as well, they have 80,000 coins. |
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How many institutional investors do you know (or heard of) that are invested in bitcoin ?
Colas & convergex group are clearly invested & telling their clients to invest a % of their portfolio. This is just one guy on TV (bloomberg). Its pretty clear this is not an isolated case... |
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surprisingly good press right now on bitcoin.
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$55 coins on bitstamp right now... lucky you if you have fiat there.
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With no fees on gox i'm going to place 1000's of bids/asks. I recommend everyone do the same. It's time for gox to be gone.
I agree on diversification, but exploiting a weakness because they have one, is just fucked up. Unfortunately if you hurt gox at this point, that also means you hurt bitcoin in a big way. |
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Lucif made hundreds of predictions, and this is the only one I've heard of that was anywhere near correct.
this. |
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Could be the update is being installed to the servers now.
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FFS people, didnt you learn the first time?
(or the second, third, fourth, fifth....)
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