i've got a feeling

[556j]

Isn't the bitinstant thing going to actually be a net neutral at best?  As far as I can see it's just going to create more demand for BTC holders to use them, which means it will actually increase the sell-side of the equation as BTC are converted back to national currencies.

I think their reasoning of saying it could be huge is it can be used similar to western union for less fee, so it would increase demand for BTC from people who would never otherwise care about it.

[kentrolla]

i'm really surprised no one has made this move yet.

[kentrolla]

well i guess i was wrong. No investor was smart enough to make that move I had predicted

[kentrolla]

well, i guess someone made a move, but not THE move.   They placed a 10k bid at $10.7 instead of 20k like i predicted

[cypherdoc]

hey, you still might be right you know.  $12 by tomorrow right?

[paulie_w]

kentrolla where are you getting these ideas from?

[kentrolla]

hey, you still might be right you know.  $12 by tomorrow right?

no, i'm talking about my prediction of a buy up to $10.7 for 20k btc (back when the price was 10.5 and it required 20k btc to get to $10.7).  I was wrong. instead the "market" did it over time and no big player did it in one big move.

I know I'll still be right about my other prediction of $12 by the end of the 27th
(https://bitcointalk.org/index.php?topic=102574.0)

[Yuhfhrh]

hey, you still might be right you know.  $12 by tomorrow right?

no, i'm talking about my prediction of a buy up to $10.7 for 20k btc (back when the price was 10.5 and it required 20k btc to get to $10.7).  I was wrong. instead the "market" did it over time and no big player did it in one big move.

I know I still will be right about my other prediction of $12 by the end of the 27th

I'm glad I took the bet on your side lol 

[kentrolla]

hey, you still might be right you know.  $12 by tomorrow right?

no, i'm talking about my prediction of a buy up to $10.7 for 20k btc (back when the price was 10.5 and it required 20k btc to get to $10.7).  I was wrong. instead the "market" did it over time and no big player did it in one big move.

I know I still will be right about my other prediction of $12 by the end of the 27th

I'm glad I took the bet on your side lol 

lol you're crazy.
it's only a good bet if you know what I know.
thanks for setting up the bet on betsofbitcoin tho.

I hope you bought at ~$9.7 when I posted that prediction

[Yuhfhrh]

hey, you still might be right you know.  $12 by tomorrow right?

no, i'm talking about my prediction of a buy up to $10.7 for 20k btc (back when the price was 10.5 and it required 20k btc to get to $10.7).  I was wrong. instead the "market" did it over time and no big player did it in one big move.

I know I still will be right about my other prediction of $12 by the end of the 27th

I'm glad I took the bet on your side lol  

lol you're crazy.
it's only a good bet if you know what I know.
thanks for setting up the bet on betsofbitcoin tho.

I hope you bought at ~$9.7 when I posted that prediction

Nope, I wasn't that confident in you   

Trying to get in at around 11 if that is still possible lol

[kentrolla]

hey, you still might be right you know.  $12 by tomorrow right?

no, i'm talking about my prediction of a buy up to $10.7 for 20k btc (back when the price was 10.5 and it required 20k btc to get to $10.7).  I was wrong. instead the "market" did it over time and no big player did it in one big move.

I know I still will be right about my other prediction of $12 by the end of the 27th

I'm glad I took the bet on your side lol  

lol you're crazy.
it's only a good bet if you know what I know.
thanks for setting up the bet on betsofbitcoin tho.

I hope you bought at ~$9.7 when I posted that prediction

Nope, I wasn't that confident in you   

Trying to get in at around 11 if that is still possible lol

lol i was just going to say place a bid at 11.01

did u get in?

[Yuhfhrh]

hey, you still might be right you know.  $12 by tomorrow right?

no, i'm talking about my prediction of a buy up to $10.7 for 20k btc (back when the price was 10.5 and it required 20k btc to get to $10.7).  I was wrong. instead the "market" did it over time and no big player did it in one big move.

I know I still will be right about my other prediction of $12 by the end of the 27th

I'm glad I took the bet on your side lol  

lol you're crazy.
it's only a good bet if you know what I know.
thanks for setting up the bet on betsofbitcoin tho.

I hope you bought at ~$9.7 when I posted that prediction

Nope, I wasn't that confident in you  

Trying to get in at around 11 if that is still possible lol

lol i was just going to say place a bid at 11.01

did u get in?

Just did lol

MAN do people like to panic hard!

[kentrolla]

nice.
I'm pretty sure that was the lowest u could buy at

[Yuhfhrh]

nice.
I'm pretty sure that was the lowest u could buy at

Cheers to selling above $12! 

[FreeMoney]

Isn't the bitinstant thing going to actually be a net neutral at best?  As far as I can see it's just going to create more demand for BTC holders to use them, which means it will actually increase the sell-side of the equation as BTC are converted back to national currencies.

What we need is more actual goods and services brought into the bitcoin fold - this is what makes a currency increase in value over the long term;  the faster growth of the underlying product base than the supply of money.  I think it's great, this whole debit card thing, don't get me wrong. That being said, the bitcoin economy itself needs more of an actual economy of goods and services.

Nope. If you can use your coins faster you can keep them as coins for longer. And if you just need to -maybe- use them this weekend you don't have to cash them out at all whereas before you had to cash out as much as you might possibly need.

Easier to use ---> better money ---> more valuable

Don't forget people who think "eh, too hard to cash out, I'll pass" now they are in.

[Yuhfhrh]

Isn't the bitinstant thing going to actually be a net neutral at best?  As far as I can see it's just going to create more demand for BTC holders to use them, which means it will actually increase the sell-side of the equation as BTC are converted back to national currencies.

What we need is more actual goods and services brought into the bitcoin fold - this is what makes a currency increase in value over the long term;  the faster growth of the underlying product base than the supply of money.  I think it's great, this whole debit card thing, don't get me wrong. That being said, the bitcoin economy itself needs more of an actual economy of goods and services.

Nope. If you can use your coins faster you can keep them as coins for longer. And if you just need to -maybe- use them this weekend you don't have to cash them out at all whereas before you had to cash out as much as you might possibly need.

Easier to use ---> better money ---> more valuable

Don't forget people who think "eh, too hard to cash out, I'll pass" now they are in.

Thanks for posting that, it gave me a new point of view.

[kentrolla]

kentrolla where are you getting these ideas from?

idk, lucky guesses. ¯\_(ツ)_/¯

[ajk]

I think its obvious

either kent

A) Has a friend who has 200K that was ready to buy

or

B) Kent has 200K and was going to buy

either or I do not care let the rally commence I dunno about breaking 32 like last year but fucking A if we see close to 20 alot of people will be happy

[kentrolla]

I think its obvious

either kent

A) Has a friend who has 200K that was ready to buy

or

B) Kent has 200K and was going to buy

either or I do not care let the rally commence I dunno about breaking 32 like last year but fucking A if we see close to 20 alot of people will be happy

no, its not that. If that was the case, I wouldn't make a post on the forums about it.

also, it would take >$1.4 million dollars to make that prediction


from my prediction thread:

$1.4 million is required to bring it up to $12.

I'm going to get some sleep. I'll explain why the price is $12 when I wake up.

Hint: believe it or not, but there is such thing as a "bullish crash."   ill explain later

Also, I went all-in at $8, so I'm definitely biased and it's in my best interest to persuade people to buy.

[bitcon]

I think its obvious

either kent

A) Has a friend who has 200K that was ready to buy

or

B) Kent has 200K and was going to buy

either or I do not care let the rally commence I dunno about breaking 32 like last year but fucking A if we see close to 20 alot of people will be happy

no, its not that. If that was the case, I wouldn't make a post on the forums about it.

also, it would take >$1.4 million dollars to make that prediction


from my prediction thread:

$1.4 million is required to bring it up to $12.

I'm going to get some sleep. I'll explain why the price is $12 when I wake up.

Hint: believe it or not, but there is such thing as a "bullish crash."   ill explain later

Also, I went all-in at $8, so I'm definitely biased and it's in my best interest to persuade people to buy.

went all in in at $8 myself! all i had was $4300 in fiat sitting in the market, but i took the risk and made a pretty good chunk of change for going all in!  Thanks Pirate40!  Biggest gamble yet. made ~ $1800 if you cant do the math.