This is huge. They will also be offering a discount for bitcoin purchases. 10%+ discounts for using BTC is what's going to drive consumer adoption.
Amazing. Just to clarify, it looks as though the 10% discount is only good for the purchase of an Alienware complete system. They aren't giving a 10% discount for all bitcoin purchases. But this is definitely major. Alienware ASIC miners, anyone?  |
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Got around to reading this just now. Not super impressed. The reality is, first, that regulation was going to happen. No way around this and hopefully he is smart enough to know this, and if so, it amounts to little more than whining. Second, that those of us who want our coins to be anonymous have the ability to do so. And perhaps, third, that yes Satoshi would be locked up for life or simply killed by our great leaders if he stepped forward, unless he happens to be working for them. People can whine all they want about the NY reg proposal. But the only people whining are bitcoin users, not NY-based bitcoin companies: http://internet.itbusinessnet.com/article/itBit-To-Comply-With-NY-DFS-BitLicense-Regulatory-Guidelines-3389846 |
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I'm shocked at just how few bought coins can move the market up $20 in an instant. This is a really thinly traded market right now. Shorts gonna get squeezed, fence sitters starting to sweat.  |
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Buyers seem to like this news. I like buyers who like this news.
China is liking this news a bit too much, lol. |
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This changes nothing. Only news is that we might be on the news, lol.
No, say it ain't so! According to everyone, this news and looming ETF news was supposed to take us to the moon!! |
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Lol  Ok, Ponzi is just plain wrong but reverse pyramid is accurate. Actually reverse pyramid is not even accurate. Unless Gold for thousands of years is also considered a reverse pyramid. Or BRK-A stock for the last 30 years. |
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Eh, not quite. Just a draft. Still a 45 day comment period, before regs are finalized. |
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This is one of the catalysts I am looking for to spark a Bitcoin rally like no other:
The next time the world has a financial crisis, Bitcoin will soar to the heavens as central banks around the world print to oblivion.
I'm not sure about this. There could also be enormous pressure to sell assets. Bitcoin could be one of them. I agree, I've pondered both of the possible scenarios (mega btc rally vs. mega btc dump/crash) and either one are equally valid. Bitcoin would have to establish itself as a SOLID asset deemed better than fiat in the short term for a rally, otherwise a mega market crash would be inevitable. In a financial crisis, people run to the safest asset in the short term. That's why stocks get dumped for fiat and gold, even stocks of companies that are solid. I mean, what would stop a mass public run on liquidating bitcoin for hard cash? The only thing I could think of is capital controls on bitcoin conversion (especially if by that time, major world financial markets actually depended on Bitcoin to some degree). Perhaps the world banks wouldn't even have enough fiat to cover all the selling, because there might be a bank run at the same time? Negative interest rates on bank fiat deposits to deter sellers, perhaps? I'm not sure a hard financial crash would even be possible anymore, now that the world's central banks know that they can just fire up QE and confiscate savings in the short term. |
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Yeah, it can definitely cause them grief for online retailers who integrate this; the Visa integration is supposedly seamless and you don't have to leave the merchant's website to make payment. That's huge from a convenience standpoint. I guess eBay.com will always have total control over the PayPal payment integration and give it priority... |
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Add a long term bull trend line and we are obviously at very critical point.
The next few days for bitcoin are criticalTM Truest post of the day Truth is, bitcoin could not care less about lines, rectangles, circles and numbers that we draw on it's price graph; unlike stock market, it does not have a board of directors to explain weak performance to - it just exists, while we silly humans try to make sense or profit out of it. Really??? well mostly; of course I know that bitcoin price is a product of human psychology, so any lines that convince a large number of humans would affect the price as well. In that regard, bitcoin price follows TA. But saying there are some critical days for *bitcoin* is funny because it's nothing but us deciding how many dollars we want to exchange for one bitcoin. Bitcoin, the network, does not give a fuck.
The next few days for bitcoin day traders are criticalTM; Bitcoin don't give a FuckTMFixed |
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Maybe it's time that we stop being delusional.
For 6 weeks or so everyone expected a huge break out. I think by now it's clear it's simply not gonna happen. At least not now.
Nothing even slightly points that way either. Really, there is no reason i can think of why we suddenly would go to the moon.
I'm a bull and will always be but i'm starting to cringe every time i see people adjusting their charts and lines and chicken bones to show how we will go up in 2 days from now. You just keep changing the dates and lines because nothing happened at the previous date.
I never seen so many people in denial and simply delusional here before.
I think it's better if you start facing the facts.
I agree, and I really think the slow to a crawl during the summer months just proves and underlines the fact that the Bitcoin market is still RULED by: 1. Adolescents that only want to speculate during off-summer periods. During summer it's all vacations, beers, chasing skirt, and happy fun time. I bet if we did an honest poll, we'd find that > 90% of all bitcoin holders are under the age of 25. Also points the the overall maturity level of the existing market (no offense to anyone here). 2. Whales that only want to speculate during off-summer periods. "Sell in May and go away." And without major news on the near term horizon, they know they won't get the run up that they need to make serious money. We need to keep in mind, that these guys get their insider info way ahead of the rest of the market, often months in advance. Despite all the seemingly BIG news in the bitcoin investor media, this market is still extremely small. Ridiculously so. I mean c'mon, realistically we're still at what, maybe ~1M bitcoin holders worldwide at best? That's both the good news and the bad news, all rolled into one. |
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Necro for the lulz.
My my, I can remember vividly not long ago when people were screaming right and left that the selling price of the SR coins would be exactly known. And screaming that it would actually matter to the market. Now 3 weeks later, and not only was the final price/btc paid NOT revealed to the public, but it seems the Bitcoin community NO LONGER CARES and has completely forgotten and moved on quickly. Short term memory loss much?
Unlike the majority, I for one don't have a short memory. I can remember all the silly, ignorant FUD that has happened over the past year. I would chalk all the past FUD as irrelevant, except for the simple fact that the sheeple affected the market directly with their outright stupidity.
The point is, FUD is completely irrelevant and should have no bearing on bitcoiner's long term market decisions. It's fleeting and goes away quickly. Please keep this in mind and let this be a cautionary tale when FUD rears it's ugly head again in the future, OK?
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The link was posted on bloomberg two weeks ago... Yes, but Cameron re-tweeted it about an hour ago. I wouldn't think that he would do this if the COIN ETF was still in limbo with low chance of approval. Would make him look stupid. |
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Down to $281? DanV's a crackhead. Yep. And he also just follows the crowd of other wannabe TA newbs. I can't WAIT for the short squeeze. |
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The bad actors and incompetent have been incentivised to keep on failing whilst productive, law-abiding savers have been disenfranchised and stolen from ... bailouts and inflation.
Krugman was not just an apologist for this criminal behaviour but a vociferous proponent and political activist in many ways. He should be indicted imho, leaving academia in disgrace is too good for him.
Notice too the connection between Krugman and all those "bad actors" in our society who reap the benefits. The mindset is exactly the same: Narcissist, big ego, too-big-to-fail, bullying, condescending, low EQ and no empathy, and eventually unmasked and dismissed for being incompetent. There are not many differences between Krugman and many awful C-level executives that I've met in my day. |
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Even if I hated bitcoin or didn't know anything about it, 10% off would get me motivated to use it. Anyone selling right now is crazy.
There is a unintentional irony to this statement. Tell NewEgg not to sell a single bitcoin for fiat, lol. |
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