Could Bitcoin Become Major Reserve Currency? SKY NEWS

[Guido]

Could Bitcoin Become Major Reserve Currency?

the media is no more mainstream crap than sky
but if they are pumping bitcoin

http://news.sky.com/story/1581030/could-bitcoin-become-major-reserve-currency

moon, this month?

[1714054210]

1714054210

[1714054210]

1714054210

[thejaytiesto]

Could Bitcoin Become Major Reserve Currency?

the media is no more mainstream crap than sky
but if they are pumping bitcoin

http://news.sky.com/story/1581030/could-bitcoin-become-major-reserve-currency

moon, this month?

Well, if I was Chinese and I was a wealthy individual, I have no doubt in my mind that putting all of my Chinese fiat in Bitcoin would remain the best option specially if I was trying to avoid capital controls to get out of the country. Every other alternative is useless compared to Bitcoin. Once this phenomena goes worldwide I expect a massive price with a floor higher than the ATH.

[Bitcoininspace]

In before the media pumping the price up to 2000$ before the end of the year.

[franky1]

though i do not think that even the top management teams of UK treasury or US fed reserve are very smart enough to answer this, if they were ever asked.

but sky has not interviewed economics experts, or government treasury experts..
instead they interviewed business consultants..

what has mergers and acquisitions got to do with reserve currencies..

thats like asking a yoghurt eater to explain the nuances of wine and which will be next years best wine.
simply because yogurt eater know that wine and yoghurt are fermented..

inshort..
i dont see that interview as holding any weight in regards to viable speculation.. it's just another hype&hope story

[LFC_Bitcoin]

SKY News -

Brilliant, this is the kind of exposure we need. Mainstream acknowledgement I'd call it which is what we obviously need to achieve mainstream adoption.

I'm starting to get excited gentlemen.

[kalgecin]

get on the PUMP before the DUMP LOL

[Guido]

how are the chinese getting fiat into bitcoin exchanges?
I understand they could in past, but worries me if they can't for some time, they are just trying to recycle as much as possible within the exchnages. ei/ pump and dump

this is my primary concern, as imo they are the ones buying right now, volume is in china

joe bloggs is not even awake to bitcoin still and not considering or knowing how to put cash
thefew curious ones prob buy on ebay

[Amph]

get on the PUMP before the DUMP LOL

if after the pump the price stabilize above 1k, i'm fine if the dump will be at 2k or 3k

it's more important to have progress than anything else

[leex1528]

It could, but I think that it is still a ways out.  I think most of the people in the world don't like Bitcoin because no one is backing it.  If their money gets stole, loss they can't recover it, with most banks if that happens you are still covered.

[Guido]

It could, but I think that it is still a ways out.  I think most of the people in the world don't like Bitcoin because no one is backing it.  If their money gets stole, loss they can't recover it, with most banks if that happens you are still covered.

most people still THINK this, even though it is not true
http://money.aol.co.uk/2015/10/28/you-probably-wont-get-your-money-back-if-youre-scammed-bank-w/

get scammed or hacked or anything else with bank, almost no chance of getting your money back

plus if you accidently keyed in a wrong number sent money to someone, if they won't return it, you can do nothing, legally
look into it

however if a bank or someone big, like utility company sent you large sum by mistake, they would simply ake it back, or arrest, you, chase you down in courts, courts would back them

people need to WAKE the f*ck up

[Bitcoininspace]

SKY News -

Brilliant, this is the kind of exposure we need. Mainstream acknowledgement I'd call it which is what we obviously need to achieve mainstream adoption.

I'm starting to get excited gentlemen.

Remember 2 years ago when media was bringing btc down to the dirt because of recent Silk Road and mt. gox activity?

Sure praise them now when it's for your self-interest.

[leex1528]

It could, but I think that it is still a ways out.  I think most of the people in the world don't like Bitcoin because no one is backing it.  If their money gets stole, loss they can't recover it, with most banks if that happens you are still covered.

most people still THINK this, even though it is not true
http://money.aol.co.uk/2015/10/28/you-probably-wont-get-your-money-back-if-youre-scammed-bank-w/

get scammed or hacked or anything else with bank, almost no chance of getting your money back

plus if you accidently keyed in a wrong number sent money to someone, if they won't return it, you can do nothing, legally
look into it

however if a bank or someone big, like utility company sent you large sum by mistake, they would simply ake it back, or arrest, you, chase you down in courts, courts would back them

people need to WAKE the f*ck up

Actually it is true.  I have had TONS of people lose money from their accounts, all have got it back 100%.  I have had illegal purchases on my own credit card, all money I have received back. 

lol, if a bank or someone accidentally sends you a large sum they are not going to arrest you.  lol. 

[pereira4]

get on the PUMP before the DUMP LOL

if after the pump the price stabilize above 1k, i'm fine if the dump will be at 2k or 3k

it's more important to have progress than anything else

Exactly, this is the right mindset. Imagine you think you are being Mr Clever investor, "oh, this is the right to dump, ATH!" then you wake up with a higher price and it turns where you left was still under the new floor. That would be a wayy worse feeling than missing on the unlikely event of selling at the perfect peak. In other words: HODL

[btcfinans]

Could Bitcoin Become Major Reserve Currency?

the media is no more mainstream crap than sky
but if they are pumping bitcoin

http://news.sky.com/story/1581030/could-bitcoin-become-major-reserve-currency

moon, this month?

I don't understand why they use the word "Bitcoin" in their title. According to what I read on their previous articles about bitcoin, The Title should have been: "Could Blockchain Become Major Reserve Currency?" 

[maokoto]

Given the current raise of Bitcoin it seems yes, It may become a major reserve currency. Many people will run to it seeing its raise, which will make it raise more!

[justbitcoins]

how are the chinese getting fiat into bitcoin exchanges?
I understand they could in past, but worries me if they can't for some time, they are just trying to recycle as much as possible within the exchnages. ei/ pump and dump

this is my primary concern, as imo they are the ones buying right now, volume is in china

joe bloggs is not even awake to bitcoin still and not considering or knowing how to put cash
thefew curious ones prob buy on ebay

The Chinese can get fiat into and out of exchanges without any problems. They can use third party payment processors.

The exchanges are not allowed to deal with banks directly. So the traders cannot use bank to pay and withdraw from exchanges.

[Hamuki]

I think its just a small bubble.
It might just fall to 200$ tomorrow morning.

Who knows.

[Guido]

how are the chinese getting fiat into bitcoin exchanges?
I understand they could in past, but worries me if they can't for some time, they are just trying to recycle as much as possible within the exchnages. ei/ pump and dump

this is my primary concern, as imo they are the ones buying right now, volume is in china

joe bloggs is not even awake to bitcoin still and not considering or knowing how to put cash
thefew curious ones prob buy on ebay

The Chinese can get fiat into and out of exchanges without any problems. They can use third party payment processors.

The exchanges are not allowed to deal with banks directly. So the traders cannot use bank to pay and withdraw from exchanges.




they can get fiat in and out

breaking

[xhoneyael]

get on the PUMP before the DUMP LOL

if after the pump the price stabilize above 1k, i'm fine if the dump will be at 2k or 3k

it's more important to have progress than anything else

i think it will just keep going until the next halving
if it will hit atleast 3k that will be awesome

[spud21]

how are the chinese getting fiat into bitcoin exchanges?
I understand they could in past, but worries me if they can't for some time, they are just trying to recycle as much as possible within the exchnages. ei/ pump and dump

this is my primary concern, as imo they are the ones buying right now, volume is in china

joe bloggs is not even awake to bitcoin still and not considering or knowing how to put cash
thefew curious ones prob buy on ebay

The Chinese can get fiat into and out of exchanges without any problems. They can use third party payment processors.

The exchanges are not allowed to deal with banks directly. So the traders cannot use bank to pay and withdraw from exchanges.




they can get fiat in and out

breaking

Thanks for posting that, it explains the one hundred dollar price increase over the last 24 hours. That's the biggest news for Bitcoin since China stopped direct deposits in early 2014. Combined with the Sky publicity we could see Bitcoin going into the thousands of dollars soon.