2015-03-04 CNBC - Bitcoin’s golden moment

[mercistheman]

Online wallet and exchange services such as Coinbase have made it incredibly easy for the everyday investor and user of bitcoin to buy the currency. But what if you want to buy and hold bitcoin as an investment? Or, what if you want to diversify your investment portfolio into this new asset class, but do not have the expertise or resources to securely procure and store bitcoin?


http://www.cnbc.com/id/102476273

[unamis76]

Not really getting their graph. They seem to be saying that more transactions = decline in price because these transactions go to merchants who cash out for fiat. But not all things are this flat out.

Some merchants do not trade BTC to fiat, or they hold a % of BTC and cash out the rest. Also, most of these transactions aren't even probably going for merchants, or are aiding in product exchanges...

[bitbouillion]

More important is that you can put bitcoins into your IRA now.

When will https://finance.yahoo.com/q?s=gbtc&ql=1 start trading?

[Chef Ramsay]

Not really getting their graph. They seem to be saying that more transactions = decline in price because these transactions go to merchants who cash out for fiat. But not all things are this flat out.

Some merchants do not trade BTC to fiat, or they hold a % of BTC and cash out the rest. Also, most of these transactions aren't even probably going for merchants, or are aiding in product exchanges...

The thesis of the article seems to be that this BIT trust would drive or allow more competition by longer term investors for these scarce resources (btc) to offset the former point of merchants cashing out, thus turning the tables on the selling pressure.