aminorex
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Activity: 1596
Merit: 1030
Sine secretum non libertas
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June 07, 2014, 09:54:12 PM |
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I don't know where the 'about 1 year' figure comes from that I keep hearing. Is there any substance to it?
That is about how long it will take for ETPs to list and build their first bubble. |
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ChartBuddy
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Activity: 2352
Merit: 1803
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 07, 2014, 10:01:07 PM |
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deadley
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Activity: 2562
Merit: 1064
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June 07, 2014, 10:07:00 PM |
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Look at all the average Joes buying in, because BTC solves a problem for them and doesnt add 10 new problems. Almost 500 000 000 ppl use BTC daily to purchase goods and not to hold it for the rest of their lives....because deflation makes sense in economy.
What? 500 millions of people? Yeah right. You obviously have no idea what you're talking about. No way, Bitcoins in the hands of 500 Millions people, if that was the case then price must be too big then today price. |
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oda.krell
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Activity: 1470
Merit: 1007
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June 07, 2014, 10:54:02 PM |
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I don't know where the 'about 1 year' figure comes from that I keep hearing. Is there any substance to it?
That is about how long it will take for ETPs to list and build their first bubble. I understood that much, that's the reason I keep hearing. I'm wondering, why 1 year? I haven't been around long enough to know what the usual time is for an ETP (ETC in our case, I guess) to be approved and listed? What about the unusual ones, which I recon a Bitcoin based one could be. I have to rely on information like this, and I don't like it. |
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JayJuanGee
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Activity: 3892
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Self-Custody is a right. Say no to"Non-custodial"
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June 07, 2014, 10:57:11 PM |
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And if there is a rally, will it be up, or down?
Sideways rally of course. That statement is oxymoronic, and humorous at the same time.  |
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ChartBuddy
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June 07, 2014, 11:01:07 PM |
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JayJuanGee
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Activity: 3892
Merit: 11128
Self-Custody is a right. Say no to"Non-custodial"
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June 07, 2014, 11:29:47 PM |
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I don't know where the 'about 1 year' figure comes from that I keep hearing. Is there any substance to it?
That is about how long it will take for ETPs to list and build their first bubble. I understood that much, that's the reason I keep hearing. I'm wondering, why 1 year? I haven't been around long enough to know what the usual time is for an ETP (ETC in our case, I guess) to be approved and listed? What about the unusual ones, which I recon a Bitcoin based one could be. I have to rely on information like this, and I don't like it. Another problem with the information (article) that you link is that it is nearly one year old - which is an eternity in bitcoin land. Yet, historically, it appears that there can be quite a bit of variance in the length of times to approve the trading of complex assets, and even reversals of previous approvals. Even though the Winklevoss twins were talking about their exchange in mid-2013, they did NOT actually apply for the approval of the exchange until late 2013... so one more year from NOW does NOT seem to be out of the question regarding reasonable expectations. |
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Gimmelfarb
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June 07, 2014, 11:32:57 PM |
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bitcoin is looking pretty bullish with this triangle consolidation. rule is trend continuation, usually, and it looks like we are poised for a breakout from the triangle at around $660. then retest and $680 and then onto $710.  |
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QuestionAuthority
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Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
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June 07, 2014, 11:43:51 PM |
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So with the news I expect we will $1k sometime next week. Right?
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Richy_T
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June 07, 2014, 11:47:52 PM |
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The problem with regulated financial institutions, is that they are practically banned from buying bitcoins, because they might be held responsible for their decisions. Low risk, to them, is advancing anything that the competition also advances. It makes them a herd of sheep.
It's not so much about the risk. Unless they can socialize their losses, they're not interested. They'd bet it all on black if sugar-daddy-uncle-Sam was there to bail them out when it came up red. |
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BBmodBB
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Activity: 154
Merit: 100
BTC = FREEDOM IS OUR ONLY HOPE!
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June 07, 2014, 11:56:01 PM |
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So with the news I expect we will $1k sometime next week. Right?
APPL computers and DISH prolly holding it down and loading !!! (((jmho))) $BTC = HODLLLLL!!!! |
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ChartBuddy
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Activity: 2352
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June 08, 2014, 12:01:07 AM |
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ChartBuddy
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Activity: 2352
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 08, 2014, 01:01:07 AM |
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Krabby
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Activity: 644
Merit: 250
https://primedao.eth.link/#/
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June 08, 2014, 01:02:00 AM |
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Two ChartBuddy posts in a row... This is true market stagnation...
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bpnave
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June 08, 2014, 01:08:20 AM |
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WELL THEN. What huge buy caused that spike to happen?
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Krabby
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Activity: 644
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https://primedao.eth.link/#/
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June 08, 2014, 01:11:43 AM |
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WELL THEN. What huge buy caused that spike to happen?
You mean on what exchange? (also 200 is not a 'huge buy') |
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Erdogan
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Activity: 1512
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June 08, 2014, 01:19:26 AM |
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The problem with regulated financial institutions, is that they are practically banned from buying bitcoins, because they might be held responsible for their decisions. Low risk, to them, is advancing anything that the competition also advances. It makes them a herd of sheep.
It's not so much about the risk. Unless they can socialize their losses, they're not interested. They'd bet it all on black if sugar-daddy-uncle-Sam was there to bail them out when it came up red. Yeah, that too. We will not see bailouts of bitcoin investment firms in the near future. |
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edwardspitz
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June 08, 2014, 01:23:43 AM |
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WELL THEN. What huge buy caused that spike to happen?
You mean on what exchange? (also 200 is not a 'huge buy') Yes. But also: According to my lines the upper line in the current channel has been broken, so I still feel it could be significant. |
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adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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June 08, 2014, 01:26:09 AM |
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The problem with regulated financial institutions, is that they are practically banned from buying bitcoins, because they might be held responsible for their decisions. Low risk, to them, is advancing anything that the competition also advances. It makes them a herd of sheep.
It's not so much about the risk. Unless they can socialize their losses, they're not interested. They'd bet it all on black if sugar-daddy-uncle-Sam was there to bail them out when it came up red. Yeah, that too. We will not see bailouts of bitcoin investment firms in the near future. "We shorted bitcoin at 3K, thought for sure it wouldn't go any higher... now we need a bailout" |
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