empowering
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August 26, 2014, 12:27:33 AM |
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I hear some chick called Gabby is coming to town in 5 or 6 days.. and apparently she likes to party, minted too from what I hear...
.... there is talk of a $200 million "six month" bender to warm up.... (not "that much" in the grand scheme of things I know.. but still some added buying pressure, if they bought the same amount every month at the current price that would work out at 400,000 coins in total, and 66,666 coins per month - and there are around 108,000 mined a month and they are just one buyer) I realise that they are more likely not going to, or necessarily be able to buy the same amount of coins each month for the same price.. unless they are rather smart about it, and I also realise that sellers will supply some of those coins , as opposed to freshly mined coins... however as I said... it will increase buying pressure snapping up some coins (for now) for a while.... and it is just one playya. I read about GABI way back in late July. Any links citing this $200 million figure or is it just a talk happening behind the curtains? Yeah me too... I also heard they launched in Aug, but start buying from Sep. http://moneymorning.com/2014/07/24/bitcoin-hedge-funds-multiply-as-big-money-sees-opportunity/ http://www.newsweek.com/ex-jp-morgan-trader-joins-bitcoin-bulls-launching-hedge-funds-258494
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empowering
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August 26, 2014, 12:30:13 AM Last edit: August 26, 2014, 12:42:38 AM by empowering |
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I hear some chick called Gabby is coming to town in 5 or 6 days.. and apparently she likes to party, minted too from what I hear...
.... there is talk of a $200 million "six month" bender to warm up.... (not "that much" in the grand scheme of things I know.. but still some added buying pressure, if they bought the same amount every month at the current price that would work out at 400,000 coins in total, and 66,666 coins per month - and there are around 108,000 mined a month and they are just one buyer) I realise that they are more likely not going to, or necessarily be able to buy the same amount of coins each month for the same price.. unless they are rather smart about it, and I also realise that sellers will supply some of those coins , as opposed to freshly mined coins... however as I said... it will increase buying pressure snapping up some coins (for now) for a while.... and it is just one playya. Creating a bitcoin fund is a way to sell a large stash of bitcoin without immediately depressing the price, and without making it seem that the holders have lost faith. GABI will probably buy the coins initially OTC from the GABI creators. It may even remove buying pressure from the markets, if some people who would have bought raw bitcoins will choose to buy GABI shares instead. I wonder if GABI will have a lock-in period, like SMBIT (i.e. the client can liquidate only after N months). You make many assumptions... It is also a way to profit from huge upcoming growth that may/will occur in the Bitcoin market non?
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ChartBuddy
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August 26, 2014, 12:59:27 AM |
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JorgeStolfi
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August 26, 2014, 01:14:34 AM |
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Thanks for that link. Quoting from that second article: “Imagine being able to walk into a car dealership, scan your phone over the price tag of the vehicle you want, and, in an instant, you’ve paid, [ ... ] ... and then you discover that your bitcoins did not go to the car dealer's address, but to some other address that no one knows who it belongs to, and there is no way to get them back... I note that GABI were having trouble finding insurance against theft of their funds. its not a new bitcoin market demanding huge amounts of bitcoin, nope!
Well, I don't expect it to create demand *on the exchanges* initially, but on the other hand it may do so at a later time. By the way, SMBIT had no net sales since July 1st. I wonder how the other funds (PBP, Matonis's, ...) are doing... bullshit detected
Aren't bulls the official producers of said stuff? ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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empowering
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August 26, 2014, 01:22:45 AM |
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Thanks for that link. Quoting from that second article: “Imagine being able to walk into a car dealership, scan your phone over the price tag of the vehicle you want, and, in an instant, you’ve paid, [ ... ] ... and then you discover that your bitcoins did not go to the car dealer's address, but to some other address that no one knows who it belongs to, and there is no way to get them back... I note that GABI were having trouble finding insurance against theft of their funds. its not a new bitcoin market demanding huge amounts of bitcoin, nope!
Well, I don't expect it to create demand *on the exchanges* initially, but on the other hand it may do so at a later time. By the way, SMBIT had no net sales since July 1st. I wonder how the other funds (PBP, Matonis's, ...) are doing... bullshit detected
Aren't bulls the official producers of said stuff? ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) "... and then you discover that your bitcoins did not go to the car dealer's address, but to some other address that no one knows who it belongs to, and there is no way to get them back... " great story.... "Well, I don't expect it to create demand *on the exchanges* initially, but on the other hand it may do so at a later time." ....yeah that is kinda the point in bringing this up, and your expectations may be wrong too (or not)
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UnDerDoG81
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August 26, 2014, 01:29:53 AM |
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Everybody is expecting a bubble and a lot of people are waiting to sell at 680-700 and up to 1000, only to get the fuck out of bitcoin. I really dont see a bubble coming like last year.
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empowering
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August 26, 2014, 01:32:41 AM |
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Everybody is expecting a bubble and a lot of people are waiting to sell at 680-700 and up to 1000, only to get the fuck out of bitcoin. I really dont see a bubble coming like last year.
any sources? is this ....confirmed?
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Raystonn
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August 26, 2014, 01:33:21 AM |
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... I really dont see a bubble coming like last year.
Passphrase recognized. Ignition sequence engaged. Countdown begun.
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UnDerDoG81
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August 26, 2014, 01:37:09 AM |
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Everybody is expecting a bubble and a lot of people are waiting to sell at 680-700 and up to 1000, only to get the fuck out of bitcoin. I really dont see a bubble coming like last year.
any sources? is this ....confirmed? Nope, just my thoughts. I bought @780 and @680 and since then I am waiting that this sht goes back up to that level (not that I want to sell). And I am not the only one.
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tarmi
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August 26, 2014, 01:38:17 AM |
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... I really dont see a bubble coming like last year.
Passphrase recognized. Ignition sequence engaged. Countdown begun. to 505 !
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dannyspk
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August 26, 2014, 01:40:27 AM |
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China is up! ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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Raystonn
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August 26, 2014, 01:41:41 AM |
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... I really dont see a bubble coming like last year.
Passphrase recognized. Ignition sequence engaged. Countdown begun. to 505 ! 505 target price confirmed. Destination set to $505 per mBTC. Exponential cryptographic cascading enlightenment engine powering up...
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knight22
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August 26, 2014, 01:42:04 AM |
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Everybody is expecting a bubble and a lot of people are waiting to sell at 680-700 and up to 1000, only to get the fuck out of bitcoin. I really dont see a bubble coming like last year.
any sources? is this ....confirmed? Nope, just my thoughts. I bought @780 and @680 and since then I am waiting that this sht goes back up to that level ( not that I want to sell). And I am not the only one. And you're not the only one too.
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empowering
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August 26, 2014, 01:42:50 AM |
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Everybody is expecting a bubble and a lot of people are waiting to sell at 680-700 and up to 1000, only to get the fuck out of bitcoin. I really dont see a bubble coming like last year.
any sources? is this ....confirmed? Nope, just my thoughts. I bought @780 and @680 and since then I am waiting that this sht goes back up to that level (not that I want to sell). And I am not the only one. No not the only one... but not everyone necessarily thinks like you/or the same thing as you... I would reckon, using the same method as your good self, that more people than your lot of people have other (higher) figures and selling points in mind..
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dannyspk
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August 26, 2014, 01:50:13 AM |
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I shouldn't have shorted LTC. ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif) Should I back at a loss? Any opinions?
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Raystonn
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August 26, 2014, 01:53:22 AM |
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... I really dont see a bubble coming like last year.
Passphrase recognized. Ignition sequence engaged. Countdown begun. to 505 ! 505 target price confirmed. Destination set to $505 per mBTC. Exponential cryptographic cascading enlightenment engine powering up... Increasing acceleration curve slope. Engaging trans-currency fiat liquidation engine.
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empowering
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August 26, 2014, 01:54:18 AM |
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I shouldn't have shorted LTC. ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif) Any opinions? what level did you short from? are you leveraged, and are we talking a substantial amount of wonga?
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Raystonn
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August 26, 2014, 01:57:15 AM |
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... I really dont see a bubble coming like last year.
Passphrase recognized. Ignition sequence engaged. Countdown begun. to 505 ! 505 target price confirmed. Destination set to $505 per mBTC. Exponential cryptographic cascading enlightenment engine powering up... Increasing acceleration curve slope. Engaging trans-currency fiat liquidation engine. Co-opting U.S. Federal Reserve Bond Purchasing system. Redirecting as U.S. Federal Reserve Bitcoin Purchasing system.
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ChartBuddy
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August 26, 2014, 01:59:27 AM |
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fonzie
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August 26, 2014, 02:02:28 AM |
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Hello LTC ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif)
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