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Bitcoin Forum > Economy > Economics > Speculation > forbes.com/billionaires/list/ 1153 people on it, what is bitcoins market cap?
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ianbakewell (OP)
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August 16, 2012, 11:02:18 AM
 #1
Bitcoin has a scalability problem (and really, the blockchain is a couple gig and hard drives are cheap)
Other than I have not read a single supported reason to be against it.
We all have our reasons for being behind it.

What happens to Bitcoin market cap / value per coin when the rich decide to hedge with Bitcoin?
What if they do not even do that but just drop in some "play money" to them... We are still talking millions.

With the press all over the world lately someone in the billionaire bracket is bound to come take a look.
Not all of them are dummies, I am willing to bet a few are going to "get" Bitcoin.

Why do we think the current market is a bubble?
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August 16, 2012, 11:50:18 AM
 #2
Quote from: ianbakewell on August 16, 2012, 11:02:18 AM
Why do we think the current market is a bubble?

Because no one has a clue what is really going on?
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DublinBrian
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August 16, 2012, 06:30:30 PM
Last edit: August 16, 2012, 06:50:48 PM by DublinBrian
 #3
Quote from: ianbakewell on August 16, 2012, 11:02:18 AM
Why do we think the current market is a bubble?
Someone is accumulating bitcoin. What we dont know, is what their intentions are.

It could be a pump and dump. Or it could be the dawn of the new monetary era.
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August 16, 2012, 06:39:43 PM
 #4
Quote from: DublinBrian on August 16, 2012, 06:30:30 PM
Quote from: ianbakewell on August 16, 2012, 11:02:18 AM
Why do we think the current market is a bubble?
Someone is accuulating bitcoin. What we dont know, is what their intentions are.

It could be a pump and dump. Or it could be the dawn of the new monetary era.

So many small deals @ the exchanges. Do you really think this is one "someone"? Trying to hide that this is one?

Occams razor says many deals is many people. And what they want is Bitcoin.
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wachtwoord
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August 16, 2012, 06:43:11 PM
 #5
Quote from: anu on August 16, 2012, 06:39:43 PM
Occams razor says many deals is many people. And what they want is Bitcoin.

Quote from: DublinBrian on August 16, 2012, 06:30:30 PM
it could be the dawn of the new monetary era.
DublinBrian
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August 16, 2012, 06:44:17 PM
 #6
Quote from: anu on August 16, 2012, 06:39:43 PM
So many small deals @ the exchanges. Do you really think this is one "someone"? Trying to hide that this is one?

Occams razor says many deals is many people. And what they want is Bitcoin.
If that were true the price wouldnt have been flat at $5 for three months, and then increased by 160% in the following three months.

The hockey stick shape on the trend graph suggest a new player entered the market in the first week of june.
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August 16, 2012, 06:48:51 PM
 #7
Quote from: DublinBrian on August 16, 2012, 06:44:17 PM
a new player entered the market in the first week of june.

kim schmitz  Cheesy
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wachtwoord
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August 16, 2012, 06:52:27 PM
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But his funds are stolen by the US government ...
zby
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August 16, 2012, 06:59:21 PM
 #9
Yeah - billioners and their pocket money - the same fantasies as in June last year.  Even though I do believe that this time the buble will be even bigger then last time - this sounds desperate.
DublinBrian
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August 19, 2012, 11:58:17 AM
 #10
Quote from: DublinBrian on August 16, 2012, 06:30:30 PM
Someone is accumulating bitcoin. What we dont know, is what their intentions are.

It could be a pump and dump. Or it could be the dawn of the new monetary era.
We now know it was a pump and dump.

I would like MtGox to identify the culprits, but I know they wont.

Goldman Sachs?
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