TERA
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April 24, 2014, 02:45:55 AM |
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Positive X-factors: -Bitcoin exchanges open up in New York -Bitcoin opens on OTC markets -China removes all bitcoin banking restrictions Something along the likes of Google adopts bitcoin. -A country actually conducts capital flight into bitcoin -Some other huge unexpected advancement in the technology, adoption, or liquidity
Negative X-factors: -Chinese exchanges are actually closed. -Hundreds of thousands, or millions, of coins start being dumped, for whatever reason (mtgox liquidation, china, or just bearish whales) -Some catastrophic protocol failure -Underlying ciphers are broken -U.S. government ban -Bitstamp, btce, and/or bitfinex fail.
Factors just to warrant against trading: -Exchange shuts down -Exchange is hacked; Money is stolen from exchange -Account is compromised; Money is stolen from account -Government seizure of exchange assets -The exchange is not operating during a key trading moment and I make a huge loss -I am looking at bitcoinwisdom while I am driving and I die
add russia invades ukraine to that x-factor if that happens we are through the roof i think No. There is a false impression that a world crisis would cause bitcoin price to rise. In fact, it would cause bitcoin price to fall as it is something new and unproven as a store of value and is backed almost entirely by bank wires of speculator money, which dry up in a crisis.
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Ibian
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Activity: 2268
Merit: 1278
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April 24, 2014, 03:13:46 AM |
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Financial meltdown is slated for 2020. Should be fairly widespread by then, even among some of the muggles. All comes down to things like hardware wallets, security+ease of use.
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Look inside yourself, and you will see that you are the bubble.
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counter
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April 24, 2014, 06:27:27 PM |
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down trend is due to negative news. Hyped up negative speculation that has not come true and I'd say fear and panic and paranoia all played a roll.
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prophetx
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Activity: 1666
Merit: 1010
he who has the gold makes the rules
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April 25, 2014, 09:09:31 AM |
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Positive X-factors: -Bitcoin exchanges open up in New York -Bitcoin opens on OTC markets -China removes all bitcoin banking restrictions Something along the likes of Google adopts bitcoin. -A country actually conducts capital flight into bitcoin -Some other huge unexpected advancement in the technology, adoption, or liquidity
Negative X-factors: -Chinese exchanges are actually closed. -Hundreds of thousands, or millions, of coins start being dumped, for whatever reason (mtgox liquidation, china, or just bearish whales) -Some catastrophic protocol failure -Underlying ciphers are broken -U.S. government ban -Bitstamp, btce, and/or bitfinex fail.
Factors just to warrant against trading: -Exchange shuts down -Exchange is hacked; Money is stolen from exchange -Account is compromised; Money is stolen from account -Government seizure of exchange assets -The exchange is not operating during a key trading moment and I make a huge loss -I am looking at bitcoinwisdom while I am driving and I die
add russia invades ukraine to that x-factor if that happens we are through the roof i think No. There is a false impression that a world crisis would cause bitcoin price to rise. In fact, it would cause bitcoin price to fall as it is something new and unproven as a store of value and is backed almost entirely by bank wires of speculator money, which dry up in a crisis. "in fact" lol
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crocko
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April 25, 2014, 10:25:40 AM |
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It is outrageous what that Karp did to the Bitcoin. Unfortunately he will escape untouched, I can bet this.
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Tzupy
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April 25, 2014, 10:31:28 AM |
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... -I am looking at bitcoinwisdom while I am driving and I die
That's the most important point! All others are mitigable / recoverable! And just for this reason you should hire a professional driver / bodyguard to drive your S Klasse.
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Sometimes, if it looks too bullish, it's actually bearish
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jdun
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April 25, 2014, 11:47:06 PM Last edit: April 25, 2014, 11:58:26 PM by jdun |
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Tera is also worried about things like quantum computing.
I don't care which way the market goes, I benefit either way. Less stress.
Good call, if it goes down, then buy more. If it goes up, then yay! Trends are made to be broken. Once the market becomes predictable, it will be exploited to make it unpredictable again.
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prophetx
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Activity: 1666
Merit: 1010
he who has the gold makes the rules
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April 26, 2014, 08:11:10 AM |
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It is outrageous what that Karp did to the Bitcoin. Unfortunately he will escape untouched, I can bet this.
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TERA
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April 26, 2014, 09:40:31 AM |
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