smoothie
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LEALANA Bitcoin Grim Reaper
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August 14, 2012, 10:37:05 PM |
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I think people are buying for many reasons: 1. To hoard. 2. To buy things with it. 3. To test it out. 4. To pay off investors ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) 5. To buy drugs....
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███████████████████████████████████████
,╓p@@███████@╗╖, ,p████████████████████N, d█████████████████████████b d██████████████████████████████æ ,████²█████████████████████████████, ,█████ ╙████████████████████╨ █████y ██████ `████████████████` ██████ ║██████ Ñ███████████` ███████ ███████ ╩██████Ñ ███████ ███████ ▐▄ ²██╩ a▌ ███████ ╢██████ ▐▓█▄ ▄█▓▌ ███████ ██████ ▐▓▓▓▓▌, ▄█▓▓▓▌ ██████─ ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌ ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌ ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─ ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩ ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀ ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀` ²²² ███████████████████████████████████████
| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ . LEALANA BITCOIN GRIM REAPER SILVER COINS. |
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cypherdoc
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August 14, 2012, 10:39:53 PM |
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The number one question I get is how do I buy bitcoins?
i spent last week pounding Fred Wilson's VC Blog and you're exactly right. that was the first question. for a bunch of supposedly wealthy ppl, i didn't find the level of economic intelligence over there very high.
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smoothie
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LEALANA Bitcoin Grim Reaper
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August 14, 2012, 10:44:03 PM |
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The number one question I get is how do I buy bitcoins?
Need to make more youtube videos and write more articles for those with that question.
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███████████████████████████████████████
,╓p@@███████@╗╖, ,p████████████████████N, d█████████████████████████b d██████████████████████████████æ ,████²█████████████████████████████, ,█████ ╙████████████████████╨ █████y ██████ `████████████████` ██████ ║██████ Ñ███████████` ███████ ███████ ╩██████Ñ ███████ ███████ ▐▄ ²██╩ a▌ ███████ ╢██████ ▐▓█▄ ▄█▓▌ ███████ ██████ ▐▓▓▓▓▌, ▄█▓▓▓▌ ██████─ ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌ ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌ ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─ ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩ ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀ ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀` ²²² ███████████████████████████████████████
| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ . LEALANA BITCOIN GRIM REAPER SILVER COINS. |
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tvbcof
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August 14, 2012, 10:55:46 PM |
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My take is that some party or parties with significant capital want to vacuum up BTC and ...
yes but how long will this party going to keep doing this? once they stop buy, will they sell some? ... WHY are they buying? do they want to own the market, so they can manipulate us into buying or selling when they want? I may simply be projecting, but I assume that said theoretical party/parties have some of the same motivations as I. That is, they consider the Bitcoin solution have a very high potential value and see BTC as hugely undervalued at this time. If this is the case, they, like I, would mostly cash out if they sense an imminent collapse of the solution or if the value starts to approach the theorized peak. Probably also like I, such parties don't really need the funds they've speculated in Bitcoin and can absorb a 100% loss (and consider it the most likely outcome.) So I would expect selling to be more muted than it might otherwise be.
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sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
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RodeoX
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The revolution will be monetized!
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August 15, 2012, 05:48:25 PM |
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OMG the stock market is going up and down also!!! What could it mean? ![Embarrassed](https://bitcointalk.org/Smileys/default/embarrassed.gif)
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tvbcof
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August 15, 2012, 07:45:04 PM |
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This thing is starting to look like a run-away train to me.
My theory of large cap parties managing a controlled increase to maximize their BTC acquisition has another side. That is that if there are multiple parties which are not coordinating with one another, they will end up eating one another's lunch. The best strategy for these players in that case is to just go ahead and buy with both hands. If such a thing were to happen it could be quite explosive.
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sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
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cypherdoc
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August 15, 2012, 08:17:27 PM |
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the beauty of this whole thing is that it's literally a world-wide phenomenon. it's actually quite complicated to buy stocks on foreign exchanges. i once looked into it and it was totally impractical if not impossible. yes, you can buy country specific ETF's but that's not the same thing.
with Bitcoin we have ppl piling in from all over the world. and countries big developed countries, like Japan, are just getting started.
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cheat_2_win
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 15, 2012, 08:34:17 PM |
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the beauty of this whole thing is that it's literally a world-wide phenomenon. it's actually quite complicated to buy stocks on foreign exchanges. i once looked into it and it was totally impractical if not impossible. yes, you can buy country specific ETF's but that's not the same thing.
with Bitcoin we have ppl piling in from all over the world. and countries big developed countries, like Japan, are just getting started.
Such a global reach coupled with its ambiguous nature, (is it commodity, currency, stock, or just plain bitcoin?) makes analysis of bitcoin very intriguing and interesting.
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cypherdoc
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August 15, 2012, 08:35:15 PM |
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the beauty of this whole thing is that it's literally a world-wide phenomenon. it's actually quite complicated to buy stocks on foreign exchanges. i once looked into it and it was totally impractical if not impossible. yes, you can buy country specific ETF's but that's not the same thing.
with Bitcoin we have ppl piling in from all over the world. and countries big developed countries, like Japan, are just getting started.
Such a global reach coupled with its ambiguous nature, (is it commodity, currency, stock, or just plain bitcoin?) makes analysis of bitcoin very intriguing and interesting. 6 mo ago that was a negative, lol! ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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pekv2
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August 15, 2012, 08:38:43 PM |
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nuts 12.86 *facepalm*
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fcmatt
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August 15, 2012, 08:43:02 PM |
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nuts 12.86 *facepalm*
tis great. miners just keep selling into this upswing. averaging out is awesome. win win win.
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cheat_2_win
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 15, 2012, 08:53:36 PM |
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nuts 12.86 *facepalm*
tis great. miners just keep selling into this upswing. averaging out is awesome. win win win. IMO, we all need to thank miners for mining and selling at the beginning. Otherwise, we would not have bitcoin to trade and speculate.
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cypherdoc
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August 15, 2012, 08:57:56 PM |
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nuts 12.86 *facepalm*
tis great. miners just keep selling into this upswing. averaging out is awesome. win win win. IMO, we all need to thank miners for mining and selling at the beginning. Otherwise, we would not have bitcoin to trade and speculate. yes. thank you fcmatt.
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Carlton Banks
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August 15, 2012, 09:47:43 PM |
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Every time exchange rate rises I take out my calculator and and multiply amount of bitcoins I have, feels good ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) Let me break the news for you: it's only numbers on your calculator. Unless you sell your coins, you've got zero dollars/euros/dinars/whatever. Zero monopoly money I'd be using your calculator to figure out how many bitcoins you can get for you stash of USD not the other way around ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) a bit of awkward paraphrasing for you: obvious bear is obvious
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Vires in numeris
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smoothie
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LEALANA Bitcoin Grim Reaper
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August 15, 2012, 09:49:37 PM |
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Every time exchange rate rises I take out my calculator and and multiply amount of bitcoins I have, feels good ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) Let me break the news for you: it's only numbers on your calculator. Unless you sell your coins, you've got zero dollars/euros/dinars/whatever. Zero monopoly money I'd be using your calculator to figure out how many bitcoins you can get for you stash of USD not the other way around ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) a bit of awkward paraphrasing for you: obvious bear is obvious Where is Will Smith when you need him? ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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,╓p@@███████@╗╖, ,p████████████████████N, d█████████████████████████b d██████████████████████████████æ ,████²█████████████████████████████, ,█████ ╙████████████████████╨ █████y ██████ `████████████████` ██████ ║██████ Ñ███████████` ███████ ███████ ╩██████Ñ ███████ ███████ ▐▄ ²██╩ a▌ ███████ ╢██████ ▐▓█▄ ▄█▓▌ ███████ ██████ ▐▓▓▓▓▌, ▄█▓▓▓▌ ██████─ ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌ ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌ ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─ ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩ ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀ ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀` ²²² ███████████████████████████████████████
| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ . LEALANA BITCOIN GRIM REAPER SILVER COINS. |
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fcmatt
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August 15, 2012, 10:37:16 PM |
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nuts 12.86 *facepalm*
tis great. miners just keep selling into this upswing. averaging out is awesome. win win win. IMO, we all need to thank miners for mining and selling at the beginning. Otherwise, we would not have bitcoin to trade and speculate. yes. thank you fcmatt. oh no problem at all. hopefully the btc i mine next week will be for 20 a pop. :-)
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Fray
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 16, 2012, 05:58:10 AM |
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OMG the stock market is going up and down also!!! What could it mean? ![Embarrassed](https://bitcointalk.org/Smileys/default/embarrassed.gif) ROFL
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ruski
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 16, 2012, 10:25:50 AM |
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the beauty of this whole thing is that it's literally a world-wide phenomenon. it's actually quite complicated to buy stocks on foreign exchanges. i once looked into it and it was totally impractical if not impossible. yes, you can buy country specific ETF's but that's not the same thing.
with Bitcoin we have ppl piling in from all over the world. and countries big developed countries, like Japan, are just getting started.
It's not that impractical if you're good at it. I managed to make a great return trading on the US market during the financial meltdown, from Australia. Profit margins are lower and costs are higher, that's all. Playing in the big sandbox even at a disadvantage is still going to net you more than the little one.
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