God27
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Activity: 364
Merit: 250
The 4th industrial revolution!
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December 17, 2014, 04:48:12 AM |
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Schiff's video got me thinking. The next rally can't come until Jan 2 because of tax implications.
No doubt people will sale, they have holding out though. They want to file their losses this year for that tax refund check. |
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marcus_of_augustus
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Activity: 3920
Merit: 2348
Eadem mutata resurgo
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December 17, 2014, 04:50:00 AM |
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Remember how the Cyprus trouble helped the price of bitcoin?
All this trouble with the ruble now and btc isn't doing anything, the russians are not buying.
And russia is huge compared to cyprus, so they should have an enormous influence on the price of btc.
Any theory?
russia trouble just started ... cyprus dragged for 1-2 months |
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explorer
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Activity: 2016
Merit: 1259
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December 17, 2014, 04:54:33 AM |
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Remember how the Cyprus trouble helped the price of bitcoin?
All this trouble with the ruble now and btc isn't doing anything, the russians are not buying.
And russia is huge compared to cyprus, so they should have an enormous influence on the price of btc.
Any theory?
Cyprus: Ditching Euros, which have widespread trade value, before they get stolen. Russia: TRYING to ditch rubles, which have domestic only, rapidly diminishing value, before they have no value anywhere. Not the same situation. add: also Russia 'banned' bitcoin, Cyprus not. |
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ChartBuddy
Legendary
 Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 17, 2014, 05:00:34 AM |
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empowering
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Activity: 1078
Merit: 1441
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December 17, 2014, 05:16:36 AM |
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lay785
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December 17, 2014, 05:26:44 AM |
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so did we hit the bottom?
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Richy_T
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Activity: 2436
Merit: 2116
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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December 17, 2014, 05:34:15 AM |
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Remember how the Cyprus trouble helped the price of bitcoin?
All this trouble with the ruble now and btc isn't doing anything, the russians are not buying.
And russia is huge compared to cyprus, so they should have an enormous influence on the price of btc.
Any theory?
People are a lot less sensitive to inflation and exchange rate fluctuations than the government going into their bank account and taking a chunk of money directly. This is actually quite a problem. Though Bitcoin addresses both. Though it has to be said that Bitcoin's price rise during Cyprus was mostly speculation, not real demand. |
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Eddie Brock
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December 17, 2014, 05:41:10 AM |
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People are a lot less sensitive to inflation and exchange rate fluctuations than the government going into their bank account and taking a chunk of money directly.
That's a good point. I guess people perceive what happened in cyprus as much worse than what is going on in russia now, even though the effect it has on the average citizen is basically the same In cyprus they take your money, and in russia they take the purchasing power away from your money |
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ChartBuddy
Legendary
Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 17, 2014, 06:00:32 AM |
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solitude
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December 17, 2014, 06:07:04 AM |
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What are the chances and/or implications of Bitcoin being under, say, $500 one month after the next halving in summer 2016?
Surely everyone is expecting the price to be over $1000 by Fall of 2016, but what if it's not?
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exocytosis
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December 17, 2014, 06:09:27 AM |
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What are the chances and/or implications of Bitcoin being under, say, $500 one month after the next halving in summer 2016?
Surely everyone is expecting the price to be over $1000 by Fall of 2016, but what if it's not?
That halving is priced in already. It's a known event. By fall of 2016, Bitcoin will be sub $10. |
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solitude
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December 17, 2014, 06:12:11 AM |
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What are the chances and/or implications of Bitcoin being under, say, $500 one month after the next halving in summer 2016?
Surely everyone is expecting the price to be over $1000 by Fall of 2016, but what if it's not?
That halving is priced in already. It's a known event. By fall of 2016, Bitcoin will be sub $10. Can you not pls go |
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explorer
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Activity: 2016
Merit: 1259
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December 17, 2014, 06:13:26 AM |
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What are the chances and/or implications of Bitcoin being under, say, $500 one month after the next halving in summer 2016?
Surely everyone is expecting the price to be over $1000 by Fall of 2016, but what if it's not?
I will have traded most of my bitcoins for the alt that took its place, and look back at BTC with fond memories. |
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Eddie Brock
Newbie
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Activity: 53
Merit: 0
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December 17, 2014, 06:28:43 AM |
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That halving is priced in already. It's a known event.
By fall of 2016, Bitcoin will be sub $10.
Too bullish. |
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TeeBone
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December 17, 2014, 06:42:56 AM |
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What are the chances and/or implications of Bitcoin being under, say, $500 one month after the next halving in summer 2016?
Surely everyone is expecting the price to be over $1000 by Fall of 2016, but what if it's not?
Quite possible, given how extremely overvalued it is currently. |
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ChartBuddy
Legendary
Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 17, 2014, 07:00:27 AM |
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Deadstock
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December 17, 2014, 07:07:18 AM |
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I'll buy some when it hits $120
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macsga
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Activity: 1484
Merit: 1002
Strange, yet attractive.
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December 17, 2014, 07:39:39 AM |
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ChartBuddy
Legendary
Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 17, 2014, 08:00:29 AM |
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Wilhelm
Legendary
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Activity: 1652
Merit: 1265
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December 17, 2014, 08:09:45 AM |
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What are the chances and/or implications of Bitcoin being under, say, $500 one month after the next halving in summer 2016?
Surely everyone is expecting the price to be over $1000 by Fall of 2016, but what if it's not?
That halving is priced in already. It's a known event. By fall of 2016, Bitcoin will be sub $10. And so are all halvings after that .... that means two things.... 1. This is the final price of bitcoin 2. You're talking bullshit |
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