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PenAndPaper
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December 12, 2013, 05:51:11 AM |
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They are running a bitcoin trust. What do you expect to estimate? That bitcoin will fail? I can't see any value for the crypto-community. |
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Mylon
Full Member
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Activity: 140
Merit: 100
Mining FTW
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December 12, 2013, 05:54:06 AM |
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Uhh... thats more money into Bitcoin, that makes my bitcoins more valuable, sounds pretty good to me.
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"All Your Base Are Belong To Us" by CATS
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Dafar
Legendary
Offline
Activity: 1330
Merit: 1000
dafar consulting
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December 12, 2013, 06:14:12 AM |
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Uhh... thats more money into Bitcoin, that makes my bitcoins more valuable, sounds pretty good to me.
this it was going to happen, but early next year is sooner than I thought, this is bigger news than the recent crap that everyone keeps repeating |
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BittBurger
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December 12, 2013, 06:30:22 AM |
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I can't see any value for the crypto-community.
LOL. Sorry. |
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Tomatocage
Legendary
Offline
Activity: 1554
Merit: 1222
brb keeping up with the Kardashians
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December 12, 2013, 06:37:54 AM |
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They are running a bitcoin trust. What do you expect to estimate? That bitcoin will fail?
I can't see any value for the crypto-community. More merchant adoption if people see Bitcoin being adopted by traditional financial institutions for one thing. |
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beetcoin
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December 12, 2013, 06:51:33 AM |
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how does this even work anyways? do the funds sit in a wallet? in that case, who has access to the wallet and pw? couldn't someone just transfer that money out to their own wallet, and no one would know?
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PenAndPaper
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December 12, 2013, 07:23:43 AM |
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They are running a bitcoin trust. What do you expect to estimate? That bitcoin will fail?
I can't see any value for the crypto-community. More merchant adoption if people see Bitcoin being adopted by traditional financial institutions for one thing. I 'm talking about the actual estimation. No one will think better of bitcoin because a bitcoin trust estimates big about bitcoin.  |
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peer2peer360 (OP)
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December 12, 2013, 08:34:21 AM |
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They are running a bitcoin trust. What do you expect to estimate? That bitcoin will fail?
I can't see any value for the crypto-community. More merchant adoption if people see Bitcoin being adopted by traditional financial institutions for one thing. I 'm talking about the actual estimation. No one will think better of bitcoin because a bitcoin trust estimates big about bitcoin. The fact that accredited investors from wall street, large instuitions, Major banks will be entering the btcoin market Through BIT = "Bitcoin Investment Trust " if & when this occurs btc is likely to rise in value Wall street has come to it senses, & has started taking BTC serious now the big boys want in Im not convinced that you took the precious time to read the article throughly http://blogs.marketwatch.com/thetell/2013/12/11/fidelity-now-allows-clients-to-put-bitcoins-in-iras/ |
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watts
Newbie
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Activity: 28
Merit: 0
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December 12, 2013, 10:20:49 AM |
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Yep, Bitcoin is finally being taken seriously. If a few big boys jump in, the rest will follow.
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superresistant
Legendary
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Activity: 2156
Merit: 1131
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December 12, 2013, 10:48:41 AM |
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Expect the price to increase faster than expected.
Good news. In two years, we are all millionaires.
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zimmah
Legendary
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Activity: 1106
Merit: 1005
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December 12, 2013, 11:22:17 AM |
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Expect the price to increase faster than expected.
Good news. In two years, we are all millionaires.
This seems indeed more likely now, the 'hundreds of millions' is just a small fraction of the 'high risk investors' of Wall Street, once they got their feet wet, medium risk investors will follow a few months after. |
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LiteCoinGuy
Legendary
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Activity: 1148
Merit: 1014
In Satoshi I Trust
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December 12, 2013, 01:39:11 PM |
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great news indeed. 2014 could be a good year for BTC
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jongameson
Member
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Activity: 84
Merit: 10
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December 12, 2013, 01:40:48 PM |
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excellent you can now SHORT bitcoins  |
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virtualmaster
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December 12, 2013, 02:17:32 PM |
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Good news. Thanks for reposting it.
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empoweoqwj
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December 12, 2013, 02:36:54 PM |
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They are running a bitcoin trust. What do you expect to estimate? That bitcoin will fail? I can't see any value for the crypto-community. Depends whether you view the price of a bitcoin going from $1K to $2K as having "value"?  |
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BTCisthefuture
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December 12, 2013, 02:49:07 PM |
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Uhh... thats more money into Bitcoin, that makes my bitcoins more valuable, sounds pretty good to me.
Great for people who want to make money off of bitcoin going up in value. Arguebly not good overall because if the value keeps going up people hoard bitocoin and no one uses it as a currency. Of course that's up for debate , certainly something I think about though. In the meantime I don't mind the value going up as well |
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proudhon
Legendary
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Activity: 2198
Merit: 1311
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December 12, 2013, 04:30:50 PM |
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excellent you can now SHORT bitcoins Do it. |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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superresistant
Legendary
Offline
Activity: 2156
Merit: 1131
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December 12, 2013, 05:12:06 PM |
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Uhh... thats more money into Bitcoin, that makes my bitcoins more valuable, sounds pretty good to me.
Great for people who want to make money off of bitcoin going up in value. Arguably not good overall because if the value keeps going up people hoard bitcoin and no one uses it as a currency. Of course that's up for debate , certainly something I think about though. In the meantime I don't mind the value going up as well The value of Dollar has always been going down to zero but it doesn't stop people from using it. |
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worldtreasurefinders
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December 12, 2013, 05:19:14 PM |
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I've thought a bit about this, and if this happens, we will see a spike in BTC price anywhere between 10x and 100x it's current levels. If/when this happens, anyone holding BTC will be wise to cash out before the bottom drops out, and trust me, the bottom WILL drop out. The primary reason is that BTC is no longer being used as a currency, but as an asset/investment. This means that people are getting into BTC to earn a return (priced in FRN) on their "investment". Once wall street investors max out, the price will stop rising, it will begin to fall, panic will set in, and it will usher in a spectacular crash. No other asset in the history of the world can go up/down as fast as bitcoins. The transition from peak to crash will be minutes, maybe hours long. Within a 24 hour window the BTC price will utterly collapse. In the words of Dr. Gary North, this will be the stuff of PhD dissertations and books for decades to come. Don't think for a second that the big wall street players don't know exactly how this will go down, and they will be first to sell at the peak. So, if you hold BTC, don't let greed blind you to the inevitable fall, and sell at a comfortable price and get out of the path of the avalanche.
Now, the question is, what price is the price to sell? $10,000 per coin? $25,000 per coin? $100,000 per coin?
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Architect, Anarchist, Numismatist, Crypto-Enthusiast.
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