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NotLambchop
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October 31, 2014, 08:02:12 PM |
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In a way, we all have the chance to become venture capitalists in Bitcoin with any small amount we are willing and able to throw in. Usually these kinds of investment opportunities are not available to the "little people" or people like me with very little money to throw in. By the time we get the chance to invest in the best companies, the VC's have already made millions and moved on to the next investment. These VC's are the risk takers. They throw money into companies that lose everything. However, for the few that make it their reward is beyond what we can imagine because most of us do not get those kinds of opportunities.
She gets it - BTC is the first truely public IPO in which we could see the actual price and be a part of. ... The government tries to protect investment aficionados such as yourself from losing all of your money, as is already the case for many in this thread. Not because it cares about you, but because it doesn't want to support you when you come begging for assistance after your money's gone. Thank you government for "protecting us" from great investment opportunities and only letting the ultra rich, that already have plenty of money, take risks so that they can make even more money. I really appreciate that! But it is legal for the poor to go to Vegas or buy lottery tickets and gamble it all away.  Some of us are aware of the risks. We are taking some "risks" but that is part of the freedoms we have a right to as American's I would like to think. Your investings are a few magnitudes of absurdity loonier than going to Vegas (and expecting to get filthy rich). Enjoy the handholding from my evol alter ego, Reptilia   ~Your Beneficent Reptilian Overlords. |
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BitAddict
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Activity: 1190
Merit: 1001
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October 31, 2014, 08:02:28 PM |
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But meanwhile fiat in exchanges going down. That probably means users spending bitcoins mainly through merchants and sending to exchanges to sell them. Also I think there are more users, but they're not bringing fiat, so this not going to rally to an ATH because of them. But well, at least it is creating a base of potential future investors. As usual most of them will feel the urge to invest as soon as bitcoin would be in another bubble hitting 2x ATH. |
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touhonoob
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Activity: 42
Merit: 0
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October 31, 2014, 08:13:33 PM |
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NotLambchop
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October 31, 2014, 08:16:42 PM |
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Nonsense. Neo Bee was the first Crypto bank.  Photo courtesy of Neo Bee, Bitcoin's premiere bank. |
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redsn0w
Legendary
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Activity: 1778
Merit: 1043
#Free market
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October 31, 2014, 08:16:55 PM |
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Bitcoin doesn't need a bank , OMG . |
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touhonoob
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Activity: 42
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October 31, 2014, 08:19:45 PM |
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Nonsense. Neo Bee was the first Crypto bank. Precisely, first traditional bank adopting Crypto? |
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JayJuanGee
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Activity: 4158
Merit: 12607
Self-Custody is a right. Say no to "non-custodial"
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October 31, 2014, 08:21:58 PM |
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It's happening:
Page 9696......
Even upside down is 9696.
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InvestorPerson
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October 31, 2014, 08:23:04 PM |
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It's happening:
Page 9696......
Even upside down is 9696.
that's spooky must be a sign, better BUYSELL now! |
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NotLambchop
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October 31, 2014, 08:24:30 PM |
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Nonsense. Neo Bee was the first Crypto bank. Precisely, first traditional bank adopting Crypto? Not sure about Neo Bee being traditional. Traditional for a Bitcoin bank, perhaps. But it cummed before this Johnny-cum-lately   *Arguably Pirateat40's Bitcoin Savings and Trust was the first, but most Bitcoin financiers and captains of industry don't like to be reminded. |
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adamstgBit
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Activity: 1904
Merit: 1038
Trusted Bitcoiner
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October 31, 2014, 08:31:57 PM |
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339 . Damn its going down again
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S3052
Legendary
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Activity: 2100
Merit: 1000
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October 31, 2014, 08:32:43 PM |
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339 . Damn its going down again
;-) |
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JayJuanGee
Legendary
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Activity: 4158
Merit: 12607
Self-Custody is a right. Say no to "non-custodial"
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October 31, 2014, 08:35:21 PM |
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My plan is HODL and continue to buy, buy, buy.... and I hope this 1-2 years of continued bear-market scenario does NOT happen. I will stop buying and maybe even sell if something significant changes with the fundamentals - on the contrary, it seems to me that BTC fundamentals remain pretty strong.
IMO only 2 things are going to stop this bear - an ETF in the US (COIN or 2nd trust) or within 6 months of halving. I also still question if the ETF will really have rocket power as these coins are not newly minted being bought but just coins Winklvii are selling so if they decide to keep the fiat and not buy anymore more coins is there really going to be a net gain? I believe it is inaccurate to characterize the COIN ETF as a Winklvii selling of BTC, even though the creation of such an entity creates greater BTC liquidation opportunities and specifically greater BTC liquidation opportunities for those two brothers.. Nonetheless, from my understanding the Winklevii currently have a little more than 100K coins, and also from my understanding the ETF has to acquire more coins in order to be economically viable... so in essence, the Winklevii plan to, at least, double the quantity of their BTC holdings with the ETF.... We will see how the ETF plays out regarding BTC prices and demand pressures on BTC, yet overall I am with you and share some of your skepticism regarding whether any approval of the COIN ETF will cause any significant skyrocketing of BTC prices. |
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spooderman
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October 31, 2014, 08:37:57 PM |
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a bitcoin bank?
wow! what won't they think of next?
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janos666
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October 31, 2014, 08:38:44 PM |
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339 . Damn its going down again
;-) You should update your forum "avatar" to better reflect the actual market trend.  |
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redsn0w
Legendary
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Activity: 1778
Merit: 1043
#Free market
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October 31, 2014, 08:40:07 PM |
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339 . Damn its going down again
;-) You should update your forum "avatar" to better reflect the actual market trend. He cannot update his avatar , this is the real problem  . |
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Dotto
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Merit: 1005
No maps for these territories
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October 31, 2014, 08:42:55 PM |
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I just need to look at this chart to understand we are at a really dangerous point. Fiat bid sum is returning to prebubble levels, while bitcoin supply is quite higher. And it is quite scary while we are approaching to an important key level like $275. Miners and merchants are drying the exchanges, current prices are not sustainable for a long time. Fiat entries needs to be improved, plus a massive pump event to break all the resistances to bring price to ATH where it can rally again. ETF probably will do this work, but there could be delays until it is up, you know how this things works. Until that, IMO, bitcoin will keep slowly bleeding, with its ups and downs.  In bitcoinland nothing is what it seems, and more of the times it ends at the very opposite of the majority´s expectations. People are depositing too much faith in the ETF. If we depend on the Winkilevos to succeed that means that we are fucked. |
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adaseb
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October 31, 2014, 08:56:29 PM |
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Yes I already took some profit of my short. I will probably reshort on any rally.
BTC is looking really week. I don't want to go long since it went down all of 2014.
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JayJuanGee
Legendary
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Activity: 4158
Merit: 12607
Self-Custody is a right. Say no to "non-custodial"
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October 31, 2014, 08:57:56 PM |
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It's happening:
Page 9696......
Even upside down is 9696.
that's spooky must be a sign, better BUYSELL now! I agreeeeeeeeeee: CUT YOUR LOOOOOSE!!!!!!!Either BUY, SELL or HODL. |
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ChartBuddy
Legendary
 Online
Activity: 2618
Merit: 2292
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 31, 2014, 09:00:31 PM |
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Poll
