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Author Topic: 2013-04-05 Bloomberg TV - Bitcoin Boom: Is this the new safe haven?  (Read 2072 times)
kiko (OP)
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April 05, 2013, 09:11:22 PM
 #1

https://www.youtube.com/watch?v=CdVVECKKSXo

Nick Colas interviewed on Bloomberg TV by Sarah Eisen.

This is the single best bitcoin media coverage I have seen to date.  Every question succinctly knocked out of the park.
xcsler
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April 05, 2013, 09:49:52 PM
 #2

Finally they're catching on! Best interview I have seen yet.
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April 05, 2013, 09:50:34 PM
 #3

Yeah, this guy actually knows what he's talking about. +1

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April 05, 2013, 10:02:18 PM
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That was beautiful.   So that's Nicholas Colas from zerohedge.

Also I love Sarah Eisen.  She said she'd be back.
ShadowOfHarbringer
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April 05, 2013, 10:19:25 PM
 #5

Now expecting 1000$/BTC. This year.

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April 05, 2013, 10:20:57 PM
 #6

Yeah, this guy actually knows what he's talking about. +1

Apart from the "no rules" remark: Bitcoin protocol enforces very strict rules on all nodes. If you don't like 'em, you've gotta lump 'em and start your own altcoin fork.

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April 06, 2013, 03:03:17 AM
 #7

An interview on a financial show with someone who know what he's talking about??? I must have had too much beer...

Losing hundreds of Bitcoins with the best scammers in the business - BFL, Avalon, KNC, HashFast.
bitboyben
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April 06, 2013, 04:09:51 AM
 #8

Gold for nerds. I love it.

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April 06, 2013, 05:22:37 AM
 #9

Yeah, this guy actually knows what he's talking about.

+1
genuise
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April 06, 2013, 05:47:50 AM
 #10

wow! I'd say it is quite deep understading  Smiley that is cool

Kazu
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April 06, 2013, 05:53:59 AM
 #11

Just saying. The guys on bloomberg didnt just randomly happen to get rich. And i have a feeling they are about to get richer.

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Rincewind
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April 06, 2013, 06:36:53 AM
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Just saying. The guys on bloomberg didnt just randomly happen to get rich. And i have a feeling they are about to get richer.
Yeah, they may be rich, but they can't buy a supersized Coke where they live, so the jokes on them.  Tongue
Kazu
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April 06, 2013, 06:45:07 AM
 #13

Just saying. The guys on bloomberg didnt just randomly happen to get rich. And i have a feeling they are about to get richer.
Yeah, they may be rich, but they can't buy a supersized Coke where they live, so the jokes on them.  Tongue

Can you buy a supersized Coke with bitcoin yet?

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Mike Christ
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April 06, 2013, 06:48:01 AM
 #14

Just saying. The guys on bloomberg didnt just randomly happen to get rich. And i have a feeling they are about to get richer.
Yeah, they may be rich, but they can't buy a supersized Coke where they live, so the jokes on them.  Tongue

Can you buy a supersized Coke with bitcoin yet?

As long as someone wants to sell a supersized Coke for Bitcoin, sure.

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April 06, 2013, 07:03:13 AM
 #15

Agreed, very good interview. Colas gave correct technical answers, while explaining Bitcoin's potential and risks at the same time.
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April 06, 2013, 09:30:35 AM
 #16

Colas and ConvergEx Group are already in the Wiki article on bitcoin.  That was quick.

I note that ConvergEx Group's parent company - Mellon - is listed as controlling 1.4 Trillion in assets.

A high-risk buy signal to Mellon's portfolio holders in the amount of 1/100th of one percent of the existing portfolio would pump 140 million dollars into bitcoin.  That's only about a $12/BTC rise in the exchange rate - but assumes that all extant bitcoin were in play.  They aren't.  If Mellon were going to take a flyer on bitcoin, would they even consider spending that little?

Yikes...

Dankedan: price seems low, time to sell I think...
xcsler
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April 06, 2013, 12:18:06 PM
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Colas and ConvergEx Group are already in the Wiki article on bitcoin.  That was quick.

I note that ConvergEx Group's parent company - Mellon - is listed as controlling 1.4 Trillion in assets.

A high-risk buy signal to Mellon's portfolio holders in the amount of 1/100th of one percent of the existing portfolio would pump 140 million dollars into bitcoin.  That's only about a $12/BTC rise in the exchange rate - but assumes that all extant bitcoin were in play.  They aren't.  If Mellon were going to take a flyer on bitcoin, would they even consider spending that little?

Yikes...

I assume they've already bought some though.
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April 06, 2013, 12:58:32 PM
 #18

Colas and ConvergEx Group are already in the Wiki article on bitcoin.  That was quick.

I note that ConvergEx Group's parent company - Mellon - is listed as controlling 1.4 Trillion in assets.

A high-risk buy signal to Mellon's portfolio holders in the amount of 1/100th of one percent of the existing portfolio would pump 140 million dollars into bitcoin.  That's only about a $12/BTC rise in the exchange rate - but assumes that all extant bitcoin were in play.  They aren't.  If Mellon were going to take a flyer on bitcoin, would they even consider spending that little?

Yikes...

I assume they've already bought some though.

Yes, I'm almost sure you're right.  Given Colas' knowledge and facility with the complexities of bitcoin, he's probably pitched it many times by now.  Guys like that don't pitch shit if there's a chance they'll be turned down...

Dankedan: price seems low, time to sell I think...
jinni
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April 06, 2013, 04:29:23 PM
 #19

Wow!

Holy shit!

That was incredible.

This guy can talk.
StarfishPrime
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April 06, 2013, 05:10:27 PM
 #20

That may have just sealed the deal for a lot of investors waiting on the sidelines.

Mon./Tues. should be interesting.

                         
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