I feel you guys are delusional about the twins plan......They are selling their coins to public to ensure their wealth will not be eaten by the volatility of BTC/USD.
BTC is not a deflation currency, it is inflation currency indeed.
To maintaining current price level , BTC worlds need attracting net in cash flow 3600*365/11347625=11.58% of its market cap. which is above 100 millions USD per year.
Regard to the possibility of government intervention in the future, and cash out executed by those BTC pioneers and the constrains of USD withdraw...
Think again ,price could be maintaining or decreasing...
Well for one thing you're assuming everyone who mines is selling... Simply not true For another thing 100 million USD while it seems a large amount, in a global market where BTC is now in all the major press it's really not that big |
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So they aren't selling any of their coins?
If you can't see the light at the end of the tunnel I'll just leave you in the cave. Bitcoin has a real problem with fiat, this alleviates that. Don't worry, I'll throw you steaks occasionally, just clean up after yourself. Hahaha... I don't think this alleviates anything... What it could do however is massively increase demand, and correspondingly further reduce the limited supply. Hence the price probably will go up at least a little bit if it initially. All these things and the corresponding press no doubt will push the $/BTC price go up, but does nothing for the actual usefulness of BTC. It's just crazy. Still I don't mind paying micro BTC if it makes us early adopters rich!!! |
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I suspect prices are going to go back up tomorrow morning when the Winklevii news gets out.
I am disagree with you ,application does not guarantee to be approve...and in facts, it is other way to shows, twins are want to cash out their BTC, but considering to the fact that the market can't take up those BTC without significant decreasing of its value. Yeah, that was my initial thought too. But then you've got to look at the positive side. It opens up BTC to lots of people who have serious, serious money. A few million $ is nothing to them, but could be a $20 price rise for us and now it's easy. If it goes through this might cause a real surge in BTC. Also the twins may not necessarily be cashing out, could be that they hold their shares, or even buy more BTC as the money rolls in. Shit chances are they've already been buying the BTC, and are responsible for a lot of the recent volatility. They're not exactly going to announce that they've been buying more recently, if they want to keep the price down (to buy more), are they? |
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You've got to wonder if this news is positive or not...
On the one hand looks like they are selling their BTC.
On the other hand, they are making it fucking easy for the mega whales, hedge funds etc... To take a bite of the BTC pie.
If I ran a managed fund with a high risk profile, why not put a percent or two into this bitcoin thing.
My thoughts... If it goes ahead, there will be a spike in price.
My other thought is, until we know if it's going ahead maybe it'll work as an artificial cap on the BTC price.
After all it's effectively stating that the opening price of BTC is $100.45 no?
This could be a sneaky way to cap the price while they buy up more BTC
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Asia is always more bullish on bitcoin than we are.
I predict that bitcoin could go as high as 95 tonight.
It's funny cause I am in the Asia Pacific region and I always think the USA is more bullish. My analysis Europe: Bearish Asia: Bullish America: V Bullish |
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Sure, bounces and bull traps are always expected. But you can kiss triple digit goodbye.
That statement is meaningless without a time frame. Will it hit triple digits in the next 24 hours? Probably not. In the next week though? It is very likely. For the remainder of 2013. As I've been saying for weeks now. What? You are saying Bitcoin won't hit $100 for the rest of the year? You're crazy. We'll see $100 again soon, definitely in July and likely much sooner. care to put that wager in escrow? I am also prepared to wager that BTC will hit 100 again this year |
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There are a lot more people paying attention to BTC now, compared to before the 4/2013 bubble, just like there were more then than there were for the 5/2011 bubble. This forum itself had 83,400 members by the end of 2/2013, and March/April/May/June increased that user count to 134,300. A 61% increase in registered users is pretty significant.
The next bubble could very likely push the value higher by an order of magnitude.
This. I'm back in the market baby, with more coins!!! It may have dropped a bit lower than I expected overnight, but no doubt we'll see another wave up! Seems like we get an inevitable cycle here. People oversell, and when people are no longer scared, boom the price surges. My biggest fear is not being in the market, when the direction changes, and having to buy in at a loss. I'm doing it for the coins baby, the more you hold, the more you make! |
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Well I'm gonna call it. I think from this point on sustained triple digits are a thing of the past... At least for 2-3 weeks (or many bitcoin world months)
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Ah well... whatever happens, this is what I'll be doing Bitcoin Surfing You saw it here first. |
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hrmmm... well I'm already sold out..
What I'm really scared about is missing the bottom, lol
That or buying in too high.
Seems to be a definite downward trend, and I want to capitalise on it... Long term BTC will bounce back for sure, but I don't want to be one of those suckers who bought in at 260, and are stuck holding their half priced BTC.
Who knows what the real value is atm, personally I think there's a lot out there to push the price down. BTC isn't exciting anymore, and if I was an ASIC miner (which I will be as soon as BFL finally delivers my order) I'd like to see some fiat for my mining efforts.
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I'm scared this will turn into a full blown panic...
Price hasn't been going up for a while now
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Reference to chicken little there...
Anyway I figure people are now able to cash out of Gox?
Not a big move yet I guess, but what do you guys think is gonna happen?
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looks like the next big wall is at 92...
If that falls god forbid we might see 90
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inject unwanted comment from Jarslow here:
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hrmm so this really shouldn't have any effect on the price... But it will perhaps get more people moving back to Gox again?
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how do I get the full text? is it possible without subscribing?
3rd post oh lol, that's it... OK so what does this mean? They haven't been approved, they've only applied? |
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how do I get the full text? is it possible without subscribing?
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If your power costs are zero (which means you are stealing power)
Solar power? |
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I have some very very awesome news... Well at least I think so. But I'm keeping it under my hat until somebody exposes it or I think BTC has hit bottom and I want the price to surge.
I'm actually amazed that nobody's mentioned it, some people would know... Anyway let it ride and let them dump so I can make some $
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