That is because you don´t have any counterpoints.... This is laughable
1 - pfft
2 - Who are these "lot" of people that knew? that "bought the rumor" and where was their buying? or price spike up from this? (even a small one) and where is the corrosponding dump ? of the sell the news ? price has been stable since news came out...
3 - Do you not consider that volume might actually increase? and then what happens with this theory/problem
4- I think just as many people know the price as knew about Dell accepting BTC - and really we know it was above market value- and that Tim won all lots- that says plenty- and does it look like Tim D is about to sell his coins to realise this "great profit"?
5- And so what if there is demand- to date demand has not fallen compared to supply - the DPR coins are already part of the coins in circulation- even if they are not currently "out in the market place" it is just as if they are in cold storage - and also so what ? did you see what happened with the last auction?
6- I am bullish about more and more and more merchants accepting Bitcoin , rather than on just one- it is a stage BTC must go through to continue down the path to glory - and it is doing so- how else can we get btc to uniquity without getting more and more merchants onboard? and give it some bloody time.
7- Nice anecdote -please tell us more- do you know everyone on wall street ? and again = time
8 - The components that make up an I-phone are actually
decades old tech ! yup you heard me- it is just now that they are packaged into a "sleek and small" device in the way that they are - and at a price that is affordable- Iphone could have come to market 20 years ago if Jobs had his act together and if people were willing to pay $100,000 for each one- and it be the size of half a brick- the only thing that has changed really is the cost and size- the tech was there already or in advanced stages of being developed decades ago - or was in one form or another already in the market place- it is old tech- repackaged and shrunk - to be accurate. Compared to the blockchain/BTC protocol which
is not an old tech.
Also you seem angry - what is that about?
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First of all, I am not angry at all. Not sure why you got this impression. But thank you for taking the time to challenge my opinion. This is what I was looking for !!! Unfortunately I can not claim to be right in all circumstances. who is ?
1. Either you believe or not believe. I like charts you don´t.
Fine by me- No I like charts A LOT- I just did not like that chart or see it as your argument.2. I was quoting an old time market saying. As I said, the market should have sky-rocketed, but it did not. Clearly a signal that there are people who knew more and took positions. Bitcoin is still unregulated. Bitcoin is a perfect underlying to play insider information without going to jail for it....
But these people - where is their "selling of the rumor then?" basically you are just staing a guess and it does not even sound slike a solid one. And of course I know the old saying - I used to work for various banks at various levels, ainly offshore and private equity surrounded by traders and speculators. 3. Surely, volume might increase, still this amount of coins will cap the short to mid term performance of bitcoin, if not even crash it. People pay 50% interest p.a. for those positions. They will not pay that for long if there is no reasonable performance soon. -
Maybe volue will increase and ncrease at a vast rate? maybe not and those people will default ?4. Not too sure who Tim is, but it if he paid more than USD 600 he made a bad deal. Maybe you know him better or know more about the auction price. Can you educate me ?
I do not know tim, one person I have not met - he paid the deal - for him a good deal obviously, not the kind of thing you fall accidently into ... 5. see point 4. Still too many coins coming to the market. Including the 3600 daily mined coins. It is all about demand. But looking at exchange volume, there is not much of it....
too many coins- only if the volume stays static - I will hazard a quess- it wil not. 6. More merchants is good for early adopters. I doubt that anyone who wants to buy a Dell computer will buy a bitcoin to do so. Too many people "stick" to their coins. Once they finally got one, they are not going to spend it.... My precious !!
You miss my point I do not giv e dam about Dell- I give a dam about Dell+Overstock+Ebay+ Aazon+Tesos+etc etc you get my point I care about merchant adoption growing overall and the good thing from it is not so early sellers can sell there coin, but it is building the ecosystem and n that are merchants involved- it is growing.. right? that is what I care about- and sprinkle a little bit of time and the list will grow and mechant adoption is ONE of the KEY eliments in this part of its growth indeed a needed part- in my view we are 1 year ahead of schedule at this point in terms of merchant adoption- next year end of- then lets have a recap.7. I am in Europe... very difficult to know everyone there. But if you like anecdotes, I got one for you. I was advising major European Banks and Hedgefunds already in 2012 about Bitcoin. Believe it or leave it, I am not going to say more. There are a few people here who know me personally... You cannot win this one. -
fair play but you do not know them all is my point- you know some.. and some will think in one way and others another. 8. I guess this is a point we will never agree on and I stand to my point. Bitcoin is not new ! It is from 2009.
Right an iphone Apple phone is essentially from 1990 and older tech - there are compenents - key ones that exsisted even before then - the military do not just blow stuff up you know- you could even argue that they are repsonsible in a large way for or all of the R&D that led to soe of the ore interesting compenents that make up and iphone. The technology that enabled gps,touch screens, voice activation and transmission and etc etc etc etc etc (list would be long) is all decades long tech - sure it was bundeld into marketable package, once and only once that had sourced the orignial components from te original R&D/owners (certainly some from MOD) and then made it, but only once it was cheap enough to mass manufacture, at a cost that could be possible in the market (we certainly COULD have had a "2009" iPhone in 1990 already ,but the tech would have cost $50,000-$100,000 each, nothing to disagree with really... BTC is 5 years old-in terms of tech which not new to you if you helped develop the protocol/tech or to anyone in the field maybe - but the actual" product" BTC at 5 years old is relatively new.. is (it is a toddler) Glad you are happy- I hear happy people live longer.
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