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I'm looking to sell 1.5 BTC for physical cash in Kolkata, India.
If anyone is interested, please notify me.
Thanks.
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Gold and BTC have been negatively correlated at -70%, so with a balanced portfolio is likely that most of what you lose with one you gain with the other -and jumping from one to the other could be even better:
Correlation does not implie causation. The gold price is mostly made up of paper-gold valuation, which can easily be surpressed and in fact there is strong evidence that this is exactly whats happening. Gold needs to be cheap as it's the most commonly accepted save-haven store of value. A low gold price therefore indicates that everything is alright and keeps the masses calm. Bitcoin on the other hand tends to rise during economic uncertainty, mostly not because its seen like gold but for its capabilities to hide and move any given amount frictionless around the whole globe. So the correlation can very well be explained by assuming that bitcoin is rising the most at exact those times when gold needs to be supressed the most for persaving more widespread panic. I'm fully aware that this conclusion requires two strong assumptions and I could very well be wrong, but don't let yourself be fooled into believing that two graphs that show a similar pattern are proving a direct relation of the underlying effects.
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I wouldn't say $2500 is easily attainable. That would raise the btc market cap from roughly $6 billion to roughly $30 billion.
If you think $24 billion is easy to come by, well then pm me, I have some bridges for sale.
While I'm also sceptical about breaching the 2k mark on this runup, your math does not take hodlers into consideration. If 50% of the coins would not be sold during the rise, the capital needed is actually "only" $13 billion I'm not sure if my is correct here as I'm too lazy put some effort in it right now, but heres another example to make my point more clear: If all of the sudden there wouldnt be any possibility to trade btc any more but local bitcoins and one crazy guy would pay $2.5k for the last available bitcoin, the market cap would rise to 30bn just based on this 2.5k injection.
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The hashtag #ThisIsACoup supporting Tsipras and Greece is blowing on twitter at the moment. Its even Nr.1 on worldtrends.
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To me it's certain that Grexit would be a good thing, not for the Euro neither for the EU and propably not even for the worlds already troubled financial system, but for Bitcoin. There are lots and lots of indications pointing there. Take a look at the gold price... it got nothing but slammed during the last week, despite the fact that china got it's worst bubble pop since the early 90's and the whole EU drama going on. Of course this is due to heavy market rigging by the central planners and/or the big banks. (Got more evidence to prove this, but I'm lazy, will look it up if requestet.) Pretty much the same goes for stocks and bonds, the markets behave like there is not even a slight chance the party might be over soon. But... but... there is the one honest asset left thats behaving accordingly to what anyone would expect of digital gold. (Yes I know there is manipulation going on with BTC as well, but that only effects day traders.) The whole "Is Grexit good for BTC because XYZ happens" thing is coming down to one simple answer: Yes it is good, because times like these will rise the average "fearlevel" of the whole population. People that get frightened are biologically determined to look for safety. Bitcoin has the ability to provide this safety, at least in the opinion of an steadily increasing amount of people. Dont get me wrong, to me bitcoin is still an infant that could still fail anytime on some techinical issues or maybe some stupid debate about an blocksize increase (do it! wtf is wrong with those people?) and its far from being a "confirmed" (where is proudhon? ) store of value. But some fear will find its way into bitcoin, for sure. Furthermore, as things go these days, it's not to be expected that the overall "fearlevel" will decrease anytime soon. From this point on you can do the math. Bitcoins market cap is what some measily 5 billion at best? I'm sure you all read those speculations about what would happen if BTC would get just an x% share of "insertsomethingbighere" and all those numbers are quite stunning. Good times for Bitcoin ahead!
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I feel like some people say Bitcoin will be $10k are the ones who WANT it be hit that level. Truth is, we dont know, we can only speculate.
Thats propably right, but the logical implication is rather "Im convinced Bitcoin will hit 10k, let's buy" than "Im gonna buy some BTC... cool, now that I own some, wouldnt it be great if price explodes? I'll go for that"
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OP I really appreciate the effort youre putting into getting cheap coins.
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This shit deserves its own thread!
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Something similar happens to me right now, with the one exception that I decided not to buy in last time, which turned out to be a good decision. But nontheless, I kept an eye on the market and the forum after the last bubble collapsed. Unfortunately I was too much a coward to not buy in at 70, and instead bought at 105. Whereas I just looked at the Bitcoin price and the market situation itself the first few days, I soon began to have a closer look at the whole BTC-economy. I search the web for goods and services I could take use of all the time, and think of things I could sell for bitcoins. The point is: Im not really interested in converting into fiat anymore. Instead I'm much more intrested in backing the Bitcoins value by helping build up a living economy. Even if this turned out to be not quite easy at the moment Maybe more and more people start to take over this ideology, and the utopian vision of a vital and truly free "Bitconomy" could become as real as possibly thinkable. Just for the record: Of course I will sell when I get the impression theres a big price drop soon to come. But just for re-investing everything in Bitcoin.
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I also have a spare 48h key to offer.
Same conditions as above:
48h uploaded.net premium access key for 0.02BTC on offer.
As this is my first attempt to participate in the Bitcoin economy, I'm willing to send first, if the User seems to be reliable to me.
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Habe gerade beim Stöbern diesen Thread gesehen, und dabei ist mir eingefallen, dass ich auch noch so einen Coupon habe.
Selbe Bedingungen wie der TE:
48h Uploaded.net Zugang für 0,02BTC zu verkaufen.
Edit: Da dies meine ersten Gehversuche im Bitcoinhandel sind, erkläre ich mich bereit zuerst zu senden, sofern mir der betreffende User einen Vertrauenswürdigen Eindruck macht.
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first thanks @Peter and @ Freedom: I have about 8 hours of online time spent on this board... so no worries, I read a few things ah cool, i like your avatar. Thank you Bitcoin.de is slowly closing the gap to gox, whats the matter with bitstamp?
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I'm very skeptical about every bit of information which comes from unknown/doubtful sources and even more, if this information is somehow conspiracy like, but this video really makes me thinking. It might really contain a fair bit of truth. Why?
Because it solves the mystery to me, why even anyone still trusts the dollar and therefore why it hasn't collapsed years ago.
I have to admit, the answer is very seducing, because its that simple:
The USA managed it to build up a system in which every drop of crude oil has to be traded in Dollars for securing its own wealth and power. So far, so good an somehow known to many people. The interesting part to me is, that the dollar now is fully dependent on being the crude oil currency, because otherwise it would collapse like card house. As a consequence of this, the different US governments invaded every oil producing nation that's trying to undermine its "currency-monopoly."
And now the part where I become doubtful again: All this is ought to be huge conspiracy lead by the FED. I simply cant imagine, that so many people are all able to keep a secret of this importance and further more, I cant imagine no one of the guys with their asses in the mighty chairs cares about moral issues or has something like a conscience.
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Bitstamp is going parabolic!!!!!!11111one
yep, some action is going on there... fasten your seatbelts, rocket is about to launch
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Generally I share the opinion that weak fiat leads to strong BTC
BUT there is a common believe the next popping bubble will be of biblical size. This may lead to an temporary infrastructure breakdown, which includes the absence of energy to run computers.
thats pretty much it
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Its kind of off Topic, but there is no reason to believe that the election will lead to a new government - or at least a new chancellor.
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first thanks @Peter and @ Freedom: I have about 8 hours of online time spent on this board... so no worries, I read a few things
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I really don't get how something like a "money block" or insolvency should drive the price up, except there's a big demand from people, that have themselves dedicated to gox by all means All the insiders would transfer their btc to another wallet and request a fiat payout. As consequence we'd get a shortage in supply, but there should also be less demand on gox, because: - the price on other exchanges is cheaper - the discussion and opinions about that are free accessible to everybody - most people aren't that stupid. true story. What do i not see?
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Hi, I'm Dom from Germany. Just heard about Bitcoin a couple of days ago. It's a really interesting concept, although I'm still a bit skeptical about the current boom. Will keep an eye on it and may start selling things for Bitcoins soon, we'll see what happens. cheers
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