LMGTFY
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March 08, 2014, 04:49:55 PM |
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Once and if reasonable regulations are put into place by the Fed, a bunch of big banks are ready to jump on the ship. Im talking JP morgan, Wells Fargo, BoA, ect. Big players just waiting for the green light, unfortunately Democrats are running the show and that means big regulations ![Sad](https://bitcointalk.org/Smileys/default/sad.gif) . Bubble number 5 is around the corner. What supports this theory? What do the banks gain buy getting into BTC? If a bank creates a BTC fund they make money every time someone buys or sells a stake in that fund. If people want an easy way to buy or sell BTC (and I suspect they do), then the banks will want to profit from that need. ...and it's also possible they want their own positions; I assume if that's the case they're already buying (and I haven't looked for evidence of that).
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MANofthePEOPLE
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March 08, 2014, 04:55:08 PM |
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Rather unlikely that it will break through all the support at $600?
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Jeezy911
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March 08, 2014, 04:57:46 PM |
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Once and if reasonable regulations are put into place by the Fed, a bunch of big banks are ready to jump on the ship. Im talking JP morgan, Wells Fargo, BoA, ect. Big players just waiting for the green light, unfortunately Democrats are running the show and that means big regulations ![Sad](https://bitcointalk.org/Smileys/default/sad.gif) . Bubble number 5 is around the corner. What supports this theory? What do the banks gain buy getting into BTC? If a bank creates a BTC fund they make money every time someone buys or sells a stake in that fund. If people want an easy way to buy or sell BTC (and I suspect they do), then the banks will want to profit from that need. ...and it's also possible they want their own positions; I assume if that's the case they're already buying (and I haven't looked for evidence of that). Like I said, they are just waiting for that green light from US regulators, hopefully they don't fuck it up!(which I could see happening with todays politicians) Every single election in the US has the same thing for number 1 priority. The economy and jobs. Its just a matter of time before someone comes out and says "hey how about we take the lead on the Bitcoin movement," and boom you just entered a golden age of jobs. I'm actually surprised these so called leaders haven't seen the light on this movement yet, it's an economic stimulus package like no other.
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KeyserSoze
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March 08, 2014, 04:58:59 PM |
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+1 for Szabo - who knows, but he's my lead candidate
My speculation on Bitcoin's origin is that Nick Szabo is merely a mouthpiece for the true genius living chained in shame within the walls of his parent's attic. By combing hospital records I've determined Nick likely has an otherwise unknown older brother, inbred, and grotesquely malformed. Though the sad creature is a horror to behold it is all the more brilliant. Scandalous guilt drove the family to imprison it at birth, to keep it hid away from the world. Little did they know its financial acumen could not be denied. The family barely tended to its secret humiliation. Supplied with the barest of essentials (plus an occasional odd math book or two which Nick rummaged from a nearby abandoned schoolhouse), it never learned to speak, only muttering husky grunts. Nick thought the monster knew only gibberish until 18 years had passed. Nick, now living on his own yet visiting infrequently, desperate to communicate with his sibling as an adult, supplied a fresh box of 120-color Crayolas to the man-beast on an early Sunday morning. From one incongruous eye flashed a glint of light. The creature mewled in delight. Freakish paws grabbed at the box of crayons. Code poured from its wretched hands with feverish fluidity. The Thing That Shant Be Named growled and snarled as it bore down wax stick to wood floor. Paper tore from the crayons as it scrawled. Magenta, thistle then periwinkle. Plum, shamrock, then apricot. The air was heavy as of burnt candle. Nick, not entirely sure what the scribblings meant, still understood on some preternatural level he must share it. But what to do? He could not risk the family's abasement, for afterall, even worse than his brother's hideous visage and inbred nature was the fact the creature lived with its mother and liked model trains. The family would be ruined. Szabo knew the answer almost immediately. It must be shared anonymously with the world. The rest, folks, is financial history.
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KeyserSoze
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March 08, 2014, 05:01:07 PM |
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Bitcoins on sale! 50% off and more! How can we do it? volume volume volume! Because we are craaaazzzzyyyy!
Doing the obnoxious american salesman bit? Everything must go! Got bad credit? NO PROBLEM! Got NO credit? NO PROBLEM!
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Spaceman_Spiff
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₪``Campaign Manager´´₪
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March 08, 2014, 05:01:49 PM |
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+1 for Szabo - who knows, but he's my lead candidate
My speculation on Bitcoin's origin is that Nick Szabo is merely a mouthpiece for the true genius living chained in shame within the walls of his parent's attic. By combing hospital records I've determined Nick likely has an otherwise unknown older brother, inbred, and grotesquely malformed. Though the sad creature is a horror to behold it is all the more brilliant. Scandalous guilt drove the family to imprison it at birth, to keep it hid away from the world. Little did they know its financial acumen could not be denied. The family barely tended to its secret humiliation. Supplied with the barest of essentials (plus an occasional odd math book or two which Nick rummaged from a nearby abandoned schoolhouse), it never learned to speak, only muttering husky grunts. Nick thought the monster knew only gibberish until 18 years had passed. Nick, now living on his own yet visiting infrequently, desperate to communicate with his sibling as an adult, supplied a fresh box of 120-color Crayolas to the man-beast on an early Sunday morning. From one incongruous eye flashed a glint of light. The creature mewled in delight. Freakish paws grabbed at the box of crayons. Code poured from its wretched hands with feverish fluidity. The Thing That Shant Be Named growled and snarled as it bore down wax stick to wood floor. Paper tore from the crayons as it scrawled. Magenta, thistle then periwinkle. Plum, shamrock, then apricot. The air was heavy as of burnt candle. Nick, not entirely sure what the scribblings meant, still understood on some preternatural level he must share it. But what to do? He could not risk the family's abasement, for afterall, even worse than his brother's hideous visage and inbred nature was the fact the creature lived with its mother and liked model trains. The family would be ruined. Szabo knew the answer almost immediately. It must be shared anonymously with the world. The rest, folks, is financial history. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) *applause* You should go into writing, if you don't do it already. Bitcoins on sale! 50% off and more! How can we do it? volume volume volume! Because we are craaaazzzzyyyy!
Doing the obnoxious american salesman bit? Are the salesmen in space less obnoxious? Slightly less obnoxious (still salesman after all), but if you don't watch out, they 'll make a meal out of you, and not figuratively speaking ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) .
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KeyserSoze
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March 08, 2014, 05:02:27 PM |
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As speedbuggy used to say: vroomazoomzoom!
I have a small collection of animation cels and if I recall correctly I have a Speed Buggy one stashed away. I believe I picked that up at the same time as my Jabberjaw cel. Good stuff!
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Peter R
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March 08, 2014, 05:02:34 PM |
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There is a "special page" on coinsight regarding Mtgox BTC transactions with some note : " Mt.Gox reports at least the following types of transactions through this API: withdrawals, dust sweeping, big output splitting. Some transactions have been spotted on this API recently with multiple successful block confirmations, which could just be a result of Mt.Gox wallet software not seeing the confirmations or could be new undocumented API behavior." : http://coinsight.org/mtgox/largestIt looks like we also have blockchain evidence that a large sum of old coins was just moved: https://blockchain.info/charts/bitcoin-days-destroyed-min-year(I think people tend to over react to large bitcoin-days-destroyed events, however.)
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Omega0255
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March 08, 2014, 05:08:59 PM |
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Why the crash this morning? Simply a correction?
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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March 08, 2014, 05:11:27 PM |
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There is a "special page" on coinsight regarding Mtgox BTC transactions with some note : " Mt.Gox reports at least the following types of transactions through this API: withdrawals, dust sweeping, big output splitting. Some transactions have been spotted on this API recently with multiple successful block confirmations, which could just be a result of Mt.Gox wallet software not seeing the confirmations or could be new undocumented API behavior." : http://coinsight.org/mtgox/largestIt looks like we also have blockchain evidence that a large sum of old coins was just moved: https://blockchain.info/charts/bitcoin-days-destroyed-min-year(I think people tend to over react to large bitcoin-days-destroyed events, however.) I bought a little at $607 - hoping that we are NOT going any lower.... As I type, we continue to float in that price territory.... Yet if we do go lower, then I suppose my next buy price will be around $570-ish or lower.. depending upon how long it takes to get to that price, if at all. I do tend to think that we have a hard time shooting to the moon with this potential damning news regarding the bitcoin foundation hanging over our heads to be released some time on Monday.
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Denton
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March 08, 2014, 05:24:04 PM |
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we are really close to yesterdays low .....and its gone i guess we need a new polll ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) * I don't understand you. You come to bitcointalk to post this drivel? You don't even have interesting analysis or thought-out speculation. Instead of spending your life trying hating on things, you should try to build something up. You like ripple? Go to ripple forums and talk about ways to improve ripple, be productive. Is the life you want to live, one of negativity? Is this how you want to spend your time? Do you always try to cut down everyone around you in life? Do you have many friends? Do you care about making the world a better place? The ignore button was invented because of people like him.
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aminorex
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Sine secretum non libertas
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March 08, 2014, 05:42:23 PM |
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Once and if reasonable regulations are put into place by the Fed, a bunch of big banks are ready to jump on the ship. Im talking JP morgan, Wells Fargo, BoA, ect. Big players just waiting for the green light, unfortunately Democrats are running the show and that means big regulations ![Sad](https://bitcointalk.org/Smileys/default/sad.gif) . Bubble number 5 is around the corner. I count 7 so far.
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tailor
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March 08, 2014, 07:00:33 PM |
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If a bank creates a BTC fund they make money every time someone buys or sells a stake in that fund. If people want an easy way to buy or sell BTC (and I suspect they do), then the banks will want to profit from that need.
...and it's also possible they want their own positions; I assume if that's the case they're already buying (and I haven't looked for evidence of that).
Unlikely they're buying anything right now. The total dollar value in play on the exchanges is so small any activity on their part would change the market. It's the same reason big investment blocks don't play with penny stocks. There just isn't money to made on the scale a bank would be interested in Add to that the fact that the exchanges at this point are unreliable. Banks aren't about to put money into something they can't easily get it back out of.
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keller
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March 08, 2014, 07:25:07 PM |
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If a bank creates a BTC fund they make money every time someone buys or sells a stake in that fund. If people want an easy way to buy or sell BTC (and I suspect they do), then the banks will want to profit from that need.
...and it's also possible they want their own positions; I assume if that's the case they're already buying (and I haven't looked for evidence of that).
Unlikely they're buying anything right now. The total dollar value in play on the exchanges is so small any activity on their part would change the market. It's the same reason big investment blocks don't play with penny stocks. There just isn't money to made on the scale a bank would be interested in Add to that the fact that the exchanges at this point are unreliable. Banks aren't about to put money into something they can't easily get it back out of. Ironically part of the reason exchanges are unreliable is because banks aren't very inviting towards businesses involved in Bitcoin.
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LMGTFY
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 08, 2014, 07:30:04 PM |
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Ironically part of the reason exchanges are unreliable is because banks aren't very inviting towards businesses involved in Bitcoin.
True (in the UK the HMRC - tax authority - is pretty Bitcoin-friendly, it's the banks which remain hostile). However... retail banking and investment banking are distinct, and I bet Wall Street and the City of London have a good few Bitcoin fans. Although that's pure speculation!
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T.Stuart
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March 08, 2014, 07:50:02 PM |
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It's not a mixing process - it's in line with the leaked code supposed to be from Gox: dust sweeping.
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mmitech
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things you own end up owning you
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March 08, 2014, 07:59:16 PM |
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It's not a mixing process - it's in line with the leaked code supposed to be from Gox: dust sweeping. dust sweeping ? what does that even mean ?
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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March 08, 2014, 08:01:04 PM |
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If a bank creates a BTC fund they make money every time someone buys or sells a stake in that fund. If people want an easy way to buy or sell BTC (and I suspect they do), then the banks will want to profit from that need.
...and it's also possible they want their own positions; I assume if that's the case they're already buying (and I haven't looked for evidence of that).
Unlikely they're buying anything right now. The total dollar value in play on the exchanges is so small any activity on their part would change the market. It's the same reason big investment blocks don't play with penny stocks. There just isn't money to made on the scale a bank would be interested in Add to that the fact that the exchanges at this point are unreliable. Banks aren't about to put money into something they can't easily get it back out of. I agree for the reasons stated by Tailor that it is likely that large and medium financial institutions are almost completely out of investing in BTC... and additionally, if any large or medium financial institution were to begin to invest in BTC in order to attempt to manipulate it... they may consider themselves caught in a sort of catch 22.... b/c adding Fiat to BTC drives up the price.... .. but strategically, they could attempt to come in to BTC covertly and to buy up BTC supplies... and once in use their large quantity of BTC to manipulate BTC prices..... I sense that medium and large institutions consider BTC to be too small potatoes, at this point.
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