lyth0s
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March 17, 2014, 06:27:19 AM |
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Who thinks the situation in Ukraine will spark something in the bitcoin price?
Do you think the Ukranians have the infrastructure to use bitcoin in times of war? I dont, I dont think it will be useful in war. However, there may be a few millionaires/billionaires in Ukraine or Russia that want to protect/hedge their fortunes. but why haven't they already done so? Because it only has gone down over the last few months. That in combination with nothing but scams, hackers and crooks and no sane, rich person would put his money in Bitcoin. Not exactly rocket science. Nailed it! A sane rich guy would put his money in whatever asset was resistant to seizure if seizure was his primary concern. It would have to be resistant to seizure and resistant to price crashes. For it the investment could easily hit $0, he may as well just have it seized.
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aminorex
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March 17, 2014, 06:29:36 AM |
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It would have to be resistant to seizure and resistant to price crashes. For it the investment could easily hit $0, he may as well just have it seized.
If you think BTC can easily be taken to $0, try it.
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chessnut
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March 17, 2014, 06:48:54 AM |
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I think that the smart money has had plenty of warning over this situation. If there is war tomorrow, the people are not going to go running to their nearest bitcoin shop, it will take time for the opportunity to be realised and for word to spread.
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KeyserSoze
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March 17, 2014, 07:02:58 AM |
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Interestingly, a bitcoin activist claimed he had big bitcoins trapped in mtgox, but the hacked documents proved he had little balance, showing he lied, and furthermore, he also had lied that he had only stocked and never sold.
is there a thread here about this?
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ChartBuddy
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March 17, 2014, 07:04:18 AM |
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Davyd05
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March 17, 2014, 07:06:36 AM |
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It would have to be resistant to seizure and resistant to price crashes. For it the investment could easily hit $0, he may as well just have it seized.
If you think BTC can easily be taken to $0, try it. the amount of time trolls dedicate to Bitcoin should be a sign that it is succeeding in some sense, however the trolls are about as efficient as the gpu miners are for btc now lol
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JayJuanGee
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March 17, 2014, 07:26:45 AM |
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Who thinks the situation in Ukraine will spark something in the bitcoin price?
Do you think the Ukranians have the infrastructure to use bitcoin in times of war? I dont, I dont think it will be useful in war. However, there may be a few millionaires/billionaires in Ukraine or Russia that want to protect/hedge their fortunes. but why haven't they already done so? Because it only has gone down over the last few months. That in combination with nothing but scams, hackers and crooks and no sane, rich person would put his money in Bitcoin. Not exactly rocket science. Just the opposite. Seems like a good time to invest in bitcoin, especially for some rich person who wants to diversify his/her investment portfolio.
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JayJuanGee
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March 17, 2014, 07:27:36 AM |
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Is it my impression, or has there been a general clamp-down on discussion and analysis of the MtGOX heist and its leaked database? ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) It's just your impression and, more generally, the impression of Bitcoin bears. People who have a predisposed opinion that Bitcoin is a bound-to-fail concept thought that the failure of Mt.Gox was proof that they were right. They assumed that Bitcoin would have gone to zero by now and that we would all be constantly talking about it. People who are optimistic about Bitcoin's future don't find the Mt.Gox drama that interesting. As the bitcoin bulls say, MtGOX is MtGOX, and bitcoin is bitcoin. The coin will succeed or fail no matter what the bears think. But the fact that the "bitcoin community" does not want to know what happened inside MtGOX, to me, means that the MtGOX scam was not confined to Karpeles and the hypothetical hacker. Shouldn't investors be interested to know whether other prominent bitcoin businessmen are involved? I would NOT let what some bitcoin users say signify the whole of the bitcoin community. Surely, there is NO consensus concerning the impact of Gox and the extent to which the GOX findings are going to continue to influence bitcoin beyond GOX... surely some bitcoiners are wishing that GOX would go away... but so what? There are going to continue to be aspect s of the Gox matter that will ripple into the bitcoin space b/c of the extent of it and b/c the story is still lacking in clarity... and accordingly evolving. NONETHELESS, I have the sense that a lot of the major and uncertainty aspects of the GOX situation is contained, and the worst of the GOX situation has already been absorbed into bitcoin prices.... and maybe that is why we are getting stagnation and seemingly slow upward movement rather than getting an upward spike in BTC prices. and the worst of the GOX situation has already been absorbed into bitcoin prices.. ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) I wonder what fresh whales would consider. Would they jump in? They might think, where is the transparency, where is security, and where is secrecy? Interestingly, a bitcoin activist claimed he had big bitcoins trapped in mtgox, but the hacked documents proved he had little balance, showing he lied, and furthermore, he also had lied that he had only stocked and never sold. Seems to me, the worst of the GOX situation might have already been absorbed into bitcoin prices, but we are far from an uptrend. Behind, the fundamental problems in transparency, security, etc are still out there. Seems as if we are making very similar comments, just using different phrases.
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JayJuanGee
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March 17, 2014, 07:30:32 AM |
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Who thinks the situation in Ukraine will spark something in the bitcoin price?
Do you think the Ukranians have the infrastructure to use bitcoin in times of war? I dont, I dont think it will be useful in war. However, there may be a few millionaires/billionaires in Ukraine or Russia that want to protect/hedge their fortunes. but why haven't they already done so? Because it only has gone down over the last few months. That in combination with nothing but scams, hackers and crooks and no sane, rich person would put his money in Bitcoin. Not exactly rocket science. Nailed it! A sane rich guy would put his money in whatever asset was resistant to seizure if seizure was his primary concern. It would have to be resistant to seizure and resistant to price crashes. For it the investment could easily hit $0, he may as well just have it seized. with a volatile asset it could go to zero... but it could go to $10,000 or more, as well. Could lose 100% or could gain 1000% or more. Accordingly, it would be worth the gamble to put some assets into BTC. OH.. by the way, BTC probably has a better chance to gain value than to lose value at this point.. and going to zero seems really unlikely.. though it may lower in value... that is possible.
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billyjoeallen
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March 17, 2014, 07:52:25 AM |
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"NewsWeak" is right. Their whole story was circumstantial. The smoking gun was an admission that can be explained as miscommunication by a guy that didn't want to talk in the first place. At this point, I wouldn't even call it a weak case. More of a theory. Dorian has a civil case and I hope this results in a retraction or a settlement. Without more evidence, it's likely he'll get it.
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Threebits
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March 17, 2014, 07:59:56 AM |
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Interestingly, a bitcoin activist claimed he had big bitcoins trapped in mtgox, but the hacked documents proved he had little balance, showing he lied, and furthermore, he also had lied that he had only stocked and never sold.
is there a thread here about this? No. I conclude this myself. Anyway, activists have right to push for their good, by all means he can. Others have right to be pushed or not.
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Erdogan
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March 17, 2014, 08:00:38 AM |
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Who thinks the situation in Ukraine will spark something in the bitcoin price?
Do you think the Ukranians have the infrastructure to use bitcoin in times of war? I dont, I dont think it will be useful in war. However, there may be a few millionaires/billionaires in Ukraine or Russia that want to protect/hedge their fortunes. but why haven't they already done so? Because it only has gone down over the last few months. That in combination with nothing but scams, hackers and crooks and no sane, rich person would put his money in Bitcoin. Not exactly rocket science. Bitcoin in Ukraine is too small to affect the overall bitcoin price. If the people on Кpим starts to use rubles in stead of гpивня, using the bitcointalk theory of money value, there should be a fall in the value of гpивня, not so much a rise in the ruble (because it is 500 times larger). Probably a fall could be explained by other reasons too, so we will never know.
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seriouscoin
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March 17, 2014, 08:02:02 AM |
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"NewsWeak" is right. Their whole story was circumstantial. The smoking gun was an admission that can be explained as miscommunication by a guy that didn't want to talk in the first place. At this point, I wouldn't even call it a weak case. More of a theory. Dorian has a civil case and I hope this results in a retraction or a settlement. Without more evidence, it's likely he'll get it. So if i "misunderstood" you as an anti gay dick head whos doing some work for an antigay organization, then i wrote an article about you and how your childhood's insecurities with homosexual (your parents are gay couple...for ex) would be a perfect fit...... I'm still right ....... RITE? ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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ChartBuddy
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March 17, 2014, 08:02:14 AM |
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RicePicker
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RicePicker
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March 17, 2014, 08:07:00 AM |
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With this low of volume and on BFX there is a record amount of USD being borrowed for long positions there is going to be a short squeeze down, when people start closing their long positions when the market moves south drastically with a small dump this is going to be painful.
Edit: Last time I saw Bitfinex sentiment be 2:1 bearish was December 22, that was the beginning of the rally up to 900ish. Now that is 1:2 bullish be careful, the market can be easily manipulated right now.
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Erdogan
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March 17, 2014, 08:10:53 AM |
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Dump on Huobi. Yawn.
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Davyd05
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March 17, 2014, 08:21:53 AM |
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sell on any news ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) , I don't discount the idea of an attempt to squeeze the people going long
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surfer43
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March 17, 2014, 08:34:21 AM |
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I have a long position right now... ![Sad](https://bitcointalk.org/Smileys/default/sad.gif)
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chessnut
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March 17, 2014, 08:38:55 AM |
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I think we will see 560 in the next 24 hours. if this is the sale of stolen coins, we could see lower. his is a natural 3 wave decline, and should pass wave A extreme (590)
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