Bitcoin Price Q1 2014

[mmitech]

I dont know if this was brought up before but Just to remind everyone here about the senate hearing in USA, the senate was invited few days ago to bloomberg    http://www.bloomberg.com/video/thomas-carper-on-bitcoin-janet-yellen-max-baucus-i6WU~pUtSM~PJLE3YkpcXg.html

and he really had a positive comment about bitcoin, the final and official US statement will be next month, actually this what wall street is waiting for to start with bitcoin, although it was stated that many guys from wall street started buying bitcoins.  watch this video http://www.bloomberg.com/video/12-days-of-bitcoin-only-invest-what-you-can-lose-w~r_YpxmR3aALBFAV4akZg.html

Second Market Founder and CEO Barry Silbert which was in the video said that big investors are buying bitcoins out of the book order, this might explain the huge transaction that we had few days ago...


so my prediction is that in the Q1 of 2014 the price will skyrocket if the US statment will be positive which I think will be after hearing that interview of the senate, so people mark my words.

[BitChick]

Yes.  This.  Buy.  Hodl.   

[adamstgBit]

fifty hundred billion dollar monetary base

[BitChick]

fifty hundred billion dollar monetary base

Second Market Founder and CEO Barry Silbert seems fairly confident in this doesn't he? 

And what will the price per coin be then?  I guess it just depends on how many there are available on the market but we are really early in this game for sure.

[DieJohnny]

I do think something is keeping the price up. Everything pointed to a correction in the range of 300-500. Yes we dipped in there a couple times, but I think the bottom line is that there are more buyers still than sellers.

One point is that there are only so many million bitcoin in regular circulation, maybe 5 million, and Bitcoin is still a fringe investment. While the name is more common than ever, the understanding and familiarity as a viable diversification asset for ALL of my friends is near ZERO. A good sign if you think buying early is important.

So what happens to BTC value when familiarity and services line up. Throw in more trust and another Cyprus, Spain or other country crisis and pow.

[kireinaha]

I don't get why all these savvy "Wall Street" investors are waiting until *after* the next round of pointless senate hearings to invest. If they're so interested in the future of bitcoin (as many people here seem to believe), then why not start investing now BEFORE the prices begin to skyrocket. Isn't that kind of the point of investing?

[Dalmar]

I don't get why all these savvy "Wall Street" investors are waiting until *after* the next round of pointless senate hearings to invest. If they're so interested in the future of bitcoin (as many people here seem to believe), then why not start investing now BEFORE the prices begin to skyrocket. Isn't that kind of the point of investing?

Why would they waste all their money when the Chinese fall out still hasn't occurred? The market is currently driven by an illegal Chinese exchange about to be shut down any moment.

[mmitech]

I don't get why all these savvy "Wall Street" investors are waiting until *after* the next round of pointless senate hearings to invest. If they're so interested in the future of bitcoin (as many people here seem to believe), then why not start investing now BEFORE the prices begin to skyrocket. Isn't that kind of the point of investing?

Why would they waste all their money when the Chinese fall out still hasn't occurred? The market is currently driven by an illegal Chinese exchange about to be shut down any moment.

where did you got that from ? the business model of BTCChina is still legal and they still can operate under these conditions, they just need to figure out a deposit solution, BTC-e is operating normally even though getting cash into the exchange is almost impossible.

and wall street is the serious money, they wont jump in until there is a clear guidance from US government about bitcoin, they need to understand what they are dealing with.

Second Market Founder and CEO Barry Silbert seems fairly confident in this doesn't he?  Smiley

And what will the price per coin be then?  I guess it just depends on how many there are available on the market but we are really early in this game for sure.

what will be the price of bitcoin ?  I want to remind everyone talking about how we reached the top.... Bitcoin by design doesn't have a top, Bitcoin by design will have constant growth, anyone talking about a top have no idea of what can bitcoin do.

although Traders always looks to the short term of things, investors looks to the long term of things, let me explain, no matter when you bought Bitcoin you will be wining, just imagine buying in 2009-2010-2011-2012  wouldn't be a win for you today ? sure there is a huge volatility here but the long term investors always wins and this is what I mean with the constant growth by design....

[Morbid]

I don't get why all these savvy "Wall Street" investors are waiting until *after* the next round of pointless senate hearings to invest. If they're so interested in the future of bitcoin (as many people here seem to believe), then why not start investing now BEFORE the prices begin to skyrocket. Isn't that kind of the point of investing?

many still have doubts about legality of this venture. the greed wont let them invest into something which is outside of their safe zone. i believe they need to see some green flags before throwing large sums of their hard earned dollars. right now there is a standoff between few senators and multinational bankers controlled entities like fincen, parts of wall street, fed etc. when greenspanner spills that bitcoin is a bubble the majority of wall streeters would not question that. though some whitty ones wake up and want to play a game not set by any rules.

[vokain]

I don't get why all these savvy "Wall Street" investors are waiting until *after* the next round of pointless senate hearings to invest. If they're so interested in the future of bitcoin (as many people here seem to believe), then why not start investing now BEFORE the prices begin to skyrocket. Isn't that kind of the point of investing?

They're thoughtleading, expecting prey to do what they do, or at least, what they say they will do. How else do you think Wall Streeters will find buyers to dump on?

[Morbid]

i still want to include possible negative fallout coming from washington's lawmaking regarding cryptos in 2014.

[molecular]

I don't get why all these savvy "Wall Street" investors are waiting until *after* the next round of pointless senate hearings to invest.

According to that second-market guy they are currently buying with their personal accounts. After senate hearing they can recommend the investment and buy for their clients.

Makes sense to me. At least I want to believe that is true

but also: what Morbid said. That outcome is not a given.

[Dragonkiller]

When is the second senate hearing?

[mmitech]

When is the second senate hearing?

I think there will be no hearing, we had both of them the last month, we are just waiting for guidance from The US government, you know like the one from Slovenia,China,Norway,India....

[molecular]

When is the second senate hearing?

I think there will be no hearing, we had both of them the last month, we are just waiting for guidance from The US government, you know like the one from Slovenia,China,Norway,India....

When your government tells you to be careful and be prepared to lose everything, you know you're up to something.

[mmitech]

When is the second senate hearing?

I think there will be no hearing, we had both of them the last month, we are just waiting for guidance from The US government, you know like the one from Slovenia,China,Norway,India....

When your government tells you to be careful and be prepared to lose everything, you know you're up to something.

investing on stocks is also risky and you can lose allot of money, people still forget about this.... and don't you agree that investing into Bitcoin is risky ? we've been doing it on our own risk even before the Gov's said so, so I really don't see what is new here.

[molecular]

When is the second senate hearing?

I think there will be no hearing, we had both of them the last month, we are just waiting for guidance from The US government, you know like the one from Slovenia,China,Norway,India....

When your government tells you to be careful and be prepared to lose everything, you know you're up to something.

investing on stocks is also risky and you can lose allot of money, people still forget about this.... and don't you agree that investing into Bitcoin is risky ? we've been doing it on our own risk even before the Gov's said so, so I really don't see what is new here.

The "news" when a government like the ones listed above says something is not what they say, but what they don't say. They're basically saying: this is legal, go invest if you like and use it on your own risk. They are _not_ saying: bitcoin is not legal, we'll take it from you and put you in a cage when you use it.

That's an important signal to individuals, businesses and investors (both in businesses and for wealth managment).

[segeln]

the final and official US statement will be next month,

official source?
Which month?

[mmitech]

the final and official US statement will be next month,

official source?
Which month?

did you understand my post ?!! did you even watch the videos ? and BTW I said my "prediction" so this is your source.

[piramida]

When is the second senate hearing?

I think there will be no hearing, we had both of them the last month, we are just waiting for guidance from The US government, you know like the one from Slovenia,China,Norway,India....

When your government tells you to be careful and be prepared to lose everything, you know you're up to something.

Yeah actually; historically, the only times when people lost everything was right after the government said exactly the opposite things. "It's safe, happily invest all you want" from the government would be a warning sign