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jackpot-rhino-185
thx in advance!
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As others have pointed out, people buying things with bitcoins (whether through Bitpay or similar service, as seems to be generally the case, or by direct barter) is the same thing as selling them. Besides acting to lower the price of bitcoin, that is the opposite of "hodling", right?
Ordinary people still have no reason to use bitcoins (rather than old money) to buy things on retailers like Overstock. So that option should not bring more old money (USD etc) to the Bitcoin market.
Speculators and miners who want to leave the Bitcoin game now have the option to cash out in merchandise (at a few merchants) rather than in old money. That only makes it a bit easier for them to decide to leave, and hence take old money out of the market.
So the Overstock news is "good news" only for True Believers, who did not need it to believe anyway...
Yep. Although spending coins (selling them for $) through Bitpay or Overstock-Coinbase is better (longterm, for bitcoin as a currency) than hodling. |
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And nobody cares, cause China is about to almost completely ban bitcoin, which will crash price to 300-400 Yeah yeah, nobody cares about China anymore, everybody knows they will unban it later, move on.... Ha ha, ok, we'll se in two weeks We'll see in two years You're complaining about lack of interest for Overstock news (extremely short-term) and now talking long term?! You can't mix apples and oranges and be taken seriously |
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And nobody cares, cause China is about to almost completely ban bitcoin, which will crash price to 300-400 Yeah yeah, nobody cares about China anymore, everybody knows they will unban it later, move on.... Ha ha, ok, we'll se in two weeks |
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And nobody cares, cause China is about to almost completely ban bitcoin, which will crash price to 300-400 |
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I think that Argentina will be second to ban bitcoin, after Taiwan
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You do know that btc now isn't really a currency (and revolutionary, yet, but has potential), but store of value?!
yes but fiat currency isn't really currency either. No, fiat is a currency but it's not (good) store of value (same goes for Fiat cars  ) |
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Gov will shut them down in a couple of days, arrest owner and that'll be it (like they did with BuySellBitCo.in and others)
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You do know that btc now isn't really a currency (and revolutionary, yet, but has potential), but store of value?!
It already is revolutionary. You haven't seen anything like this before, have you? If it's a good store of value then it is also a good currency. I use bitcoin to buy shit all the time. Any merchant that can hold for just a while will most likely be happy with their returns. No it's not. Concept is revolutionary, but usage isn't. It's nowhere near it's potential. Also gold and diamonds are good store of value, and you can buy shit with it, but it's not currency...
Holding = less bitcoin available = use of smaller BTC denomination (like mBTC) = purchase power of bitcoin going up
When there are enough merchants who adopt bitcoin and give discounts people will use it because it's simple and much easier. It has value as a payment system, that's one of the reasons people are adopting. Holding will not negate the value.
Denomination doesn't matter, hodling is bad for bitcoin (longterm, and good for hodlers, short to midterm). |
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You do know that btc now isn't really a currency (and revolutionary, yet, but has potential), but store of value?!
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And who said it will kill btc?!
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Also, larger BTC holders looking to sell will get a better price when selling off the markets to funds like the BIT, this will happen more and more.
Overall I'd guess the supply that's for sale has gotten slimmer, but it's harder to determine the supply than in the past and it will keep getting harder than in the past.
Nobody sane will pay more for BTC off exchange. Whales, funds, etc. especially There is no incentive for anyone to sell, why would anyone sell Bitcoin when it's about to witness it's greatest year ever ? The fear of Bitcoin dying/failing has gone, people have never been as confident about Bitcoin as ever before.
Selling = using = adoptation = greatest year ever. Hodling = not using = modest adoptation = same or little better than last year (at best), but with even more volatility (and that's bad longterm) I'm not so sure it its BTC has capital "S" store of value (PeerCoin is likely better at this though). This does not rely on adoption of coffee shops. Also volatility is not bad neither are speculators. Volatility is real bad. At least for regular people and businesses. But hey, that's not important, like future of btc depends on them... Volatility is part of the system. An intended part of the system. Get over it. No, excuse me. Get the fuck over it already. (also nobody who accepts bitcoin as payment cares thanks to bitpay so really, shut up) I can get over it cause i'm trader, but others won't. And that'll probably kill btc (as a currency and something revolutionary). Btw. if it's intended part of the system, it's a bug, not feature |
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If huobi is in fact offering trading without any fees then we need to ignore their volume. All you need is a couple bitcoin, a script, and you could get huge volume overnight.
Most of the people don't get this (refuse to or they are just incapable of comprehending, who knows) but it's gonna be fun at the end of January/beggining of February |
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Also, larger BTC holders looking to sell will get a better price when selling off the markets to funds like the BIT, this will happen more and more.
Overall I'd guess the supply that's for sale has gotten slimmer, but it's harder to determine the supply than in the past and it will keep getting harder than in the past.
Nobody sane will pay more for BTC off exchange. Whales, funds, etc. especially There is no incentive for anyone to sell, why would anyone sell Bitcoin when it's about to witness it's greatest year ever ? The fear of Bitcoin dying/failing has gone, people have never been as confident about Bitcoin as ever before.
Selling = using = adoptation = greatest year ever. Hodling = not using = modest adoptation = same or little better than last year (at best), but with even more volatility (and that's bad longterm) I'm not so sure it its BTC has capital "S" store of value (PeerCoin is likely better at this though). This does not rely on adoption of coffee shops. Also volatility is not bad neither are speculators. Volatility is real bad. At least for regular people and businesses. But hey, that's not important, like future of btc depends on them... |
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99% of Zynga users never heard of BTC...
Porn and/or online gambling, on the other hand, could be big
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Also, larger BTC holders looking to sell will get a better price when selling off the markets to funds like the BIT, this will happen more and more.
Overall I'd guess the supply that's for sale has gotten slimmer, but it's harder to determine the supply than in the past and it will keep getting harder than in the past.
Nobody sane will pay more for BTC off exchange. Whales, funds, etc. especially There is no incentive for anyone to sell, why would anyone sell Bitcoin when it's about to witness it's greatest year ever ? The fear of Bitcoin dying/failing has gone, people have never been as confident about Bitcoin as ever before.
Selling = using = adoption = greatest year ever. Hodling = not using = modest adoption = same or little better than last year (at best), but with even more volatility (and that's bad longterm) |
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Yep, coin hodlers are more and more like  |
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I don't see any significant amount of Wall Street money anywhere near bitcoin before some serious regulation...
Maybe some small, high-risk funds, but nothing serious (tens of billions or something like that).
They always play safe
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Have you heard about the huge of donations that flooded Philippines after the typhoon? Believe it or not. Many of the funds were missing and the places that has been devastated is still misserable. Even the donations has been taxed. I wonder if it's still the same scene if the donations was sent in bitcoin instead. We don't have any taxation laws for intangible goods yet.
I think the odds would be better as they could be received by organisers in the destination country instead of some western middleman scam charity. btw, check out what bill gates invests in to help the world.. http://www.blacklistednews.com/The_Bill_%26_Melinda_Gates_Foundation_exposed/31334/0/38/38/Y/M.htmlSo? They invested in successfull companies/corporations (to preserve what they have in fondation and earn more $$$). You invested in Bitcoin, not in Junkcoin. It's the same |
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