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Economy / Speculation / The Chinese were right
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on: October 13, 2014, 02:07:30 PM
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With the price going down, despite unprecedented merchant adoption, makes me think that merchants don't care about bitcoin, and this will keep crushing it. More selling than buying pressure. This suggests that bitcoin is no use as a currency, the only option left is bitcoin as a store of value. Thus, the title...
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Alternate cryptocurrencies / Altcoin Discussion / Crazy world. Bitcoin down, Doge Up
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on: October 01, 2014, 09:54:04 AM
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and by 500% ... go figure. The thingy doesn't even have enough hashrate to sustain itself.
Speculators are being played by big fish am afraid.
Currently I am at loss, which means BTC can go to $0, I am not selling. The only move I am considering is to diversify to other coins (too late for doge).
The question is: I believe many weak hands have been shaken (mostly > $600 holders). The remaining ones are from < mid 2013. Are you gonna give up? and why not?
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Economy / Speculation / BTC Needs users and not hoarders
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on: August 30, 2014, 11:45:53 AM
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We should try to increase our usage of BTC, in our daily transactions. It is the only way we can really come to trust this new technology and dump CCs.
Random idea: On your next purchase on an e-commerce website accepting btc, buy bitcoins and use them instantly. Like a reverse bitpay.
What do you think of it as an actual business?
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Economy / Speculation / The reason for a stagnating price
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on: August 29, 2014, 08:31:18 PM
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Hodling =>
Low volume, slow merchant adoption, looks like a ponzi scheme from the outside. How do we want any type of credibility from the joes'?!
Be honnest, you are buying bitcoins to get rich. Who ever spent a satochi to book his next travel on expedia?!
I did ..
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Economy / Speculation / Upcoming MtGox Movement
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on: February 19, 2014, 12:25:52 PM
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Mt Gox news will come up in few hours. My theory is that the price will go down in other markets. Explanation: The odds of MtGox being solvent are >50% in my opinion (~ 90%). Still it seems as the market is frozen and everyone is waiting for the price to go up. Which is ridiculous given the odds; everyone should be buying in the expectation of a crash up.
I believe that the good news (that might come up) are already priced in. I am strictly talking about non Gox.
We will see some manipulation to go up, followed by a crash to $500 and the downtrend will resume.
For those who are positive about gox but use stamp,btce etc. Are you buying like hell, and if not why?
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Economy / Speculation / Weekend Dips Are Pumps
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on: January 18, 2014, 08:45:09 AM
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It's been few weeks now that we haven't seen any weekend dip. Quite the contrary, weekends are now going full Up consistently. Do you see any explanation to that? Shall we start call it weekend pump.
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