there's no way shareholders will dump but btc's still gonna move violently on any news so people can profit short term.
this subforum is overrun by fapping bears.
someone buys satoshidice for a ton of bitcoins- incredibly bullish in any reading, but only here do hyperactive bears shoot up saying its a crash.
and just yesterday those bears were saying miners defined price, whereas now they say that yesterday some investor was buying bitcoins in order to buy satoshi dice.
if mtgox resumes full wiring- crash because money will leave gox.
if mtgox doesn't resume full wires- crash because people lose confidence because money can't leave gox.
just a bunch of arsewipes that lost on the bull run earlier this year.
Let's see:
Seems solid enough to be. Someone could calculate P/E ratios although I'm sure it's been done by people looking to buy shares in the past. Might well be worth 12 million USD at least.
Anyway, I don't think it that important to speculate on this rather than the effect of the BTC on the market.
Short term? down. But pretty excited for this news overall, if its an established casino
it could be a global boost for BTC. If this buyout is true is probably the biggest investment ever in the Bitcoin economy, and its not pure speculation. Its big big news, guys.
A couple of facts:
1) this could be HUGE news for BTC because is a very big investment, and if the company/investor is a well established casino with deep pockets this might be a huge boost for BTC
real economy (yep, Silk Road and gambling are REAL economy). This will probably have an impact mid to long term.
2) there will be a HUGE amount of BTC changing hands very soon. This will probably have an impact short term.
This is the speculation subforum and we are speculating. So much hate for the "bears" is amusing.
Last but not least, if you think that Frozenlock, Blitz of myself "lost the bull run" earlier this year you really lack reading comprehension skills. I personally didn't turn a bear until the very end of May when we peaked at $130ish, and in fact if you look at my post history you will see that I sold at $129ish at the very beginning of June - until then I still hoped for "the correction" case, while I acknowledged a possible bubble deflation process, until that very moment I wasn't sure it could only go down so I held. Plus, +60% of the proceeds of that early June sale were immediately reinvested in BTC related ventures, and only 15% went to recouping initial fiat investment and securing a little profit. Just aprox. 20% of the proceeds of that sale are "waiting for cheap coins", while I still hold a paper wallet with a very healthy amount of BTC as a long-term investment. And for the record, I never shorted BTC, and probably never will as a matter of principle.
If you think the above makes me a despicable bear that deserves to be hated, then maybe you have a denial problem like other hot-headed perma-bulls. The trend is down since April 10th, the highs have been lower, and selling at triple digits has been undeniably a profitable move. The most likely scenario is the price will keep going down mid term (with plenty of bull traps on the way), and if suddenly goes consistently up there's still plenty of room to buy back at a profit.
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