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Author Topic: Market Trend: Bitcoins will go up in value today!  (Read 1611 times)
nightwolf
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July 26, 2011, 06:58:37 AM
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The U.S. president gave his speech on debt and forex markets are hammering the greeback. If BTC is liquid and in demand, it should regain it's loss of 1.5-2 bucks in value over the last week and go back to US $15 a pop! Go long guys, go long if you get any broker offers below $14.

 Grin Grin Grin

"You will do foolish things, but do them with enthusiasm.", Collette. Now give me some BTC: 1JwicXdG75j28UXxjmFibx3pxTtr7NuwGR Grin
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July 26, 2011, 09:42:59 AM
 #2

I thought the same thing when I saw the obama-speech today!  Bitcoins go up by default because the rest of the world sinks down to rock bottom.

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July 26, 2011, 09:51:48 AM
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Or if the dollar is down because of the debt, the BTC/USD would go up without really increasing in value

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July 26, 2011, 11:55:32 AM
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I hope this is true! Gonna wait and see Smiley

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July 26, 2011, 12:37:56 PM
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If BTC does NOT go up what does that tell us about the NATURE of BTC?
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July 26, 2011, 01:52:12 PM
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Hmmm... oddly, BTC went down.  Gold & Silver are better long-term investments IMHO
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July 26, 2011, 02:47:55 PM
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Hmmm... oddly, BTC went down.  Gold & Silver are better long-term investments IMHO


ahh you take the short term price change in a mostly unknown currency and use that info to state that gold and silver are better long term investments.

well lets ask some of the long term bitcoin holders how well their investment has turned out?

I get it is just your opinion but I dont think you can compare the completely new and novel concept of bitcoin with the traditional fall back commodies for when currencies drop.

When the shit is about to hit the fan... are you going to try the ole tried and true.. or take a chance on something new?

you know why gold is a better long term investment right now? history. People have seen other people use gold and weather out drops in currencies. People have not seen other people use bitcoin and weather out currencies.

people go with tried and true over new every time in an emergency. Once some bitcoin users come out of currency crashes smelling like roses, bitcoin will enjoy the same bumps as gold and silver.
IMHO.

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mrbashfo
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July 26, 2011, 05:45:55 PM
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Sounds like a likely prediction knowing that people are wanting btcs more each day...

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July 26, 2011, 06:26:47 PM
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yeah I think this will happen too, but I am having a hard time purchasing btc directly, it is so roundabout to get from USD to buying on Mtgox or other sites. I wish they could go right from paypal or credit cards.
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July 26, 2011, 08:36:20 PM
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If bitcoins gained more legitimacy would places like walmart start accepting them as a valid form of payment?
 
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July 26, 2011, 10:22:38 PM
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If bitcoins gained more legitimacy would places like walmart start accepting them as a valid form of payment?

knowing walmart, I'd bet they would come out with a walcoin instead. Letting people get cheaper products but only is they shop with walcoins. You would probably 'mine' walcoins, by saying good shit about walmart in twitter, facebook, google+ w/e

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nightwolf
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July 26, 2011, 11:38:49 PM
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BTC is a small community at the moment. From my observation, people are still more focused on "mining for coins" than actually spending it on commerce. You exchange for valuable goods, first or second hand. I'm not saying it's not happening... but could be more than what it is.

Also if you watch forex trends, JPY and CHF usually sky rocket when US announces it's in trouble. Why? Because they are safe haven currencies. Deflationary. At first BTC looks like a safe haven. But is it really? That's question. Would you as savvy currency investor hedge yourself by buying CHF, JPY, Gold, Oil futures or BTC?

 Grin



"You will do foolish things, but do them with enthusiasm.", Collette. Now give me some BTC: 1JwicXdG75j28UXxjmFibx3pxTtr7NuwGR Grin
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July 26, 2011, 11:50:30 PM
 #13

Maybe it'll rocket up to $30  Wink

nightwolf
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July 26, 2011, 11:51:24 PM
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Here's some more food for thought.

AUD has reached it's highest in 28 years! 1.0965 against the greeback. Yet, stuff nominally costs 3 times as much compared to US. A Playstation 3 game is $49 offself in Frys and costs $119 in EB in Sydney. That US$130!! AU banks were immune to GFC but its inhabitants are about to hit the street. 42% income tax, 2.5% medicare levy, QLD floods 0.5% levy, carbon tax! And Gillard's govt wants to take AU budget back to suplus. Good lord! So Australians could be in as deep a fiscal trouble as America (they just don't realise it) - - USA's was inherent trouble, Australia's may be voluntary (the govt. refuses to issue bonds - what's the point of a AAA credit rating).

Enough ranting.  Grin Getting back to BTC. Why would Aussies (or anyone) want to invest in BTC (apart from the fact they already mine and earn for fun) in this weather?

[I have a feeling I may get pelted by BTC fans, Haha. Earthlings, I come in peace]  Grin Grin Grin  

"You will do foolish things, but do them with enthusiasm.", Collette. Now give me some BTC: 1JwicXdG75j28UXxjmFibx3pxTtr7NuwGR Grin
nightwolf
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July 27, 2011, 12:15:20 AM
 #15

Maybe it'll rocket up to $30  Wink

Could do, could do. Here's hoping! Fingers crossed.  Wink

"You will do foolish things, but do them with enthusiasm.", Collette. Now give me some BTC: 1JwicXdG75j28UXxjmFibx3pxTtr7NuwGR Grin
Mistafreeze
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July 27, 2011, 02:46:53 AM
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$30 would be a nice change  Cool

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July 27, 2011, 02:54:15 AM
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it would be a good change.

nightwolf
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July 27, 2011, 02:57:31 AM
 #18

Boom, AUD 1.1065 folks!

"You will do foolish things, but do them with enthusiasm.", Collette. Now give me some BTC: 1JwicXdG75j28UXxjmFibx3pxTtr7NuwGR Grin
SHlFT
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July 27, 2011, 03:06:26 AM
 #19

Boom, AUD 1.1065 folks!

Thats the exchange rate to the USD?

spinnaker
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July 27, 2011, 03:30:03 AM
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Here's some more food for thought.

AUD has reached it's highest in 28 years! 1.0965 against the greeback. Yet, stuff nominally costs 3 times as much compared to US. A Playstation 3 game is $49 offself in Frys and costs $119 in EB in Sydney. That US$130!! AU banks were immune to GFC but its inhabitants are about to hit the street. 42% income tax, 2.5% medicare levy, QLD floods 0.5% levy, carbon tax! And Gillard's govt wants to take AU budget back to suplus. Good lord! So Australians could be in as deep a fiscal trouble as America (they just don't realise it) - - USA's was inherent trouble, Australia's may be voluntary (the govt. refuses to issue bonds - what's the point of a AAA credit rating).

Enough ranting.  Grin Getting back to BTC. Why would Aussies (or anyone) want to invest in BTC (apart from the fact they already mine and earn for fun) in this weather?

[I have a feeling I may get pelted by BTC fans, Haha. Earthlings, I come in peace]  Grin Grin Grin  

42% income tax?! Atrocious. That alone is enough reason to flush your money into bitcoins. That is, assuming you make over 180k annually.

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