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It appears that trading volume is grinding to a standstill. It looks like nobody wants to sell bitcoin cheap no more.
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All large corporations fear the unknown. CEOs forget their roots and the fearless way they pursued their dreams. It's time for Google and FB to go the way of Myspace, AOL, Compuserve, etc. The future CEO of the company that promotes Bitcoin, Ripple, and other decentralized currencies will find a place in history and sit next to his or her predecessors.
+1 the only problem is that such CEO will be in serious life threat look what they did with CEO's of gambling companies, that are licenced outside of USA and Bitcoin will be much bigger pain in the ass; "illegal gambling" only causes flow of money that goes outside, successful BTC will destroy the system we can not expect anything else than total battle and such CEO will not be someone from Ivy league You may be right. Perhaps a new business model itself will evolve. Fear of the long blades of the Samurai will lead to a new order of business. Maybe Satoshi Nakamoto will become the inspiration for a new kind of Ninja entrepreneur. |
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It does look like trading on the exchanges is grinding to a halt. Let's hope that some of the early adopters are using their new found wealth to develop vehicles for making easy and safe transactions.
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IMHO there are certain trends growing now that will change the world in the not too far future: Bitcoin (obviously  ) Ron Paul Cold Fusion/Free Energy UFO Disclosure If one of those is new to you I suggest you research it. Can you guess which one is not like the other? Guess which one doesn't belong? Can you guess which one is not for the nutters, before I finish this song? |
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Now we just need some gutsy, heavily armed libertarians to move over there and establish some businesses to get things going.
+1 |
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All large corporations fear the unknown. CEOs forget their roots and the fearless way they pursued their dreams. It's time for Google and FB to go the way of Myspace, AOL, Compuserve, etc. The future CEO of the company that promotes Bitcoin, Ripple, and other decentralized currencies will find a place in history and sit next to his or her predecessors.
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We are seeing change everywhere. The internet has changed everything from globalization to cultural exchange. Bitcoin is simply the next evolutionary step that cannot be stopped any more than than the internet itself. You can burn books, but you cannot burn bits.
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I fully expect that owners of large caches of bitcoins will sell them privately and discretely to various investors that wish to not use financial exchanges like Dwolla, Mt Gox, and Tradehill.
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I don't understand this thread. To me, a technical analysis of bitcoin is less complex than a technical analysis of Toys-R-Us (NYSE TOY). What data is there to analyze with bitcoin? Where is the Prospective, or even a business plan for Bitcoin?
He's analyzing what direction the exchange markets will move, is that not obvious? Yes, I understand that. What I am asking is what possible data is there to analyze? Tea leaves and lady bugs? |
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Don't forget that right now Mt Gox is allowing certain privileged traders to exchange with no fees. IMHO they are holding the price down by squeezing micro profits out of trades. This will end in a week or so. Don't forget, there are a lot of new products being released and new announcements of products expected in the next few weeks.
Not true. Us zero fee traders are back up to 0.3% fees as of a few days ago. Mea Culpa. Privileged traders are trading at 0.3% until August 9 and able to squeeze profits the non privileged traders, thus possibly driving prices down. |
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Don't forget that right now Mt Gox is allowing certain privileged traders to exchange with no fees. IMHO they are holding the price down by squeezing micro profits out of trades. This will end in a week or so. Don't forget, there are a lot of new products being released and new announcements of products expected in the next few weeks.
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I don't understand this thread. To me, a technical analysis of bitcoin is less complex than a technical analysis of Toys-R-Us (NYSE TOY). What data is there to analyze with bitcoin? Where is the Prospective, or even a business plan for Bitcoin?
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Someday 1 BTC will be a lottery prize.
Yeah, and if people go to your house and see your electricity meter running full tilt, they'll probably invade you because they know you go that megahash goin' on. By then us miners will only be generating Satoshis, not bitcoins. |
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I don't understand how fiat currency from my bank will get into the distributed exchange?
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Someday 1 BTC will be a lottery prize.
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I moved bitcoin from my MtGox Android to my Bitcoin Android wallet. It worked. This is very promising. I showed it to a local bar owner and explained the potential of bitcoin. She seemed scared, but liked the fact of no transaction fees. We are almost ready to break this out as a complete POS. Now where can I get "We Accept Bitcoin" stickers?
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Two-dimensional compasses are so 19th Century, and very undependable. I choose the bright light of science to go where I will.
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Somalia is a beautiful country for those that practice strict individualism like Austrian Economics. There, you can have anything you want if you have enough creativity and wealth. There are no large government bureaucrats to interfere with Libertarian friendly businesses like sexual slavery, pirating, and other laissez faire pursuits.
This commercial message brought to you by the Somalia Department of non-existent tourism. =p
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I noticed that nobody has said "my country, I love it here." If someone did say that, would any of you fans of Austrian or Chicago economic theory like to live there better than where you live now?
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It probably will plateau again when the next stage of speculators jumps in. I suspect it will get to 100 EU and hold there around first quarter 2012, but it has been holding fairly steady at 10 EU (+or-1) for several weeks.
Seriously?  "Donate if you plan to finance a future global-troll" nice tag |
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