600watt
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September 22, 2014, 07:24:47 AM |
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There is another friend in the millionaire category that i got interested in. he invested in october/november, average about $ 250, never sold and heute is actually interested in the tech, but even services like bitstamp he cannot comprehend, it is all way too complicated for him.
Where did he buy at? the plan was to get him an account at stamp, which worked - but to get a confirmed account never worked (they have not accepted his documents, we never got beyond this point) he actually bought from me.
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WoopDeBoop
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September 22, 2014, 02:41:03 PM |
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Bitcoin is a creation of the new money billionaires who are fighting a war with the old money billionaires.
Richard Branson et al cannot come out and simply say so, but btc is a direct challenge to the centralised power structures.
Look at the actions of the new money billionaires like Branson and Gates, they spend billions trying to make the world a better place.
The old money like the rothschilds who own the banking system, and many other things, rely on centralised power structures to maintain their position.
The new money billionaires like Gates, Branson etc make more money with further decentralisation.
For people who think the Rothschilds are not hugely powerful you only have to see how one junior 30 year old family member gets exposedi n a multibillion dollar trade deal involving russian oligarchs, members of parliament etc to imagine what his father/uncles are up to.
The old money rely on centralised power structures, such as the CIA/military industrial complex. A recent example was Gadaffi, they fund him, they put him into power, they allow him to accumulate the worlds largest fortune (500 bn) and then when he's no longer useful they kill him off, and none of his fortune is recovered. All those hundreds of billions he thought he'd safely stashed in their offshore banks, siphoned off by the old money.
Old money make money by destruction and control, new money make money thru freedom and enterprise.
There is a war on, and decentralisation is the trenches. Bitcoin is but one tool.
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Torque
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September 22, 2014, 03:14:50 PM Last edit: September 22, 2014, 03:35:13 PM by Torque |
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my landlord is a multi-millionaire. i got her and her sons convinced to invest in btc last may/june. first thing that happened was we were 50% down ( i invested at the same days ) when october came and price went 10% above the price we went in, they wanted to sell. they wanted to sell almost every day through november and i strongly advised them every time to hold. when their investment had 10-folded they sold. I didn't. they don't care about bitcoin as a technology. it was just a funny investment. I may be too much in love with bitcoin to ever sell, but next run up, i try to perform a little bit better. There is another friend in the millionaire category that i got interested in. he invested in october/november, average about $ 250, never sold and heute is actually interested in the tech, but even services like bitstamp he cannot comprehend, it is all way too complicated for him.
Your observation brings up another interesting thought. What if most millionaires and billionaires don't really care about bitcoin any more than a relative short term investment? Meaning, they'll probably give it one try, hold for 12 months, wait for the leg-up multiplier, and sell at the top? Then take the returns and invest them elsewhere while the bitcoin market is in a long downturn? And what if they don't come back to bitcoin after that one experience? What if the only true long-term 'holders' are the common people, who never see the same types of overall yearly returns as millionaires/billionaires, because they have all their capital 'tied up' in bitcoin for far too long?
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Odalv
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September 22, 2014, 03:55:38 PM |
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my landlord is a multi-millionaire. i got her and her sons convinced to invest in btc last may/june. first thing that happened was we were 50% down ( i invested at the same days ) when october came and price went 10% above the price we went in, they wanted to sell. they wanted to sell almost every day through november and i strongly advised them every time to hold. when their investment had 10-folded they sold. I didn't. they don't care about bitcoin as a technology. it was just a funny investment. I may be too much in love with bitcoin to ever sell, but next run up, i try to perform a little bit better. There is another friend in the millionaire category that i got interested in. he invested in october/november, average about $ 250, never sold and heute is actually interested in the tech, but even services like bitstamp he cannot comprehend, it is all way too complicated for him.
Your observation brings up another interesting thought. What if most millionaires and billionaires don't really care about bitcoin any more than a relative short term investment? Meaning, they'll probably give it one try, hold for 12 months, wait for the leg-up multiplier, and sell at the top? Then take the returns and invest them elsewhere while the bitcoin market is in a long downturn? And what if they don't come back to bitcoin after that one experience? What if the only true long-term 'holders' are the common people, who never see the same types of overall yearly returns as millionaires/billionaires, because they have all their capital 'tied up' in bitcoin for far too long? Why sell all ? Why do not keep 1 BTC (10 BTC ... who knows)
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SlipperySlope
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September 23, 2014, 06:24:36 PM |
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Here is the 15-minute resolution chart showing what I believe to be a short-covering bitcoin price rally. Large blocks are being purchased on Bitstamp. Gold prices have rallied a bit in the last hour too. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2Fq8Crpkw.png&t=665&c=jR9iTBGW1-zkdA)
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dEBRUYNE
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September 23, 2014, 06:32:52 PM |
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Here is the 15-minute resolution chart showing what I believe to be a short-covering bitcoin price rally. Large blocks are being purchased on Bitstamp. Gold prices have rallied a bit in the last hour too. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2Fq8Crpkw.png&t=665&c=jR9iTBGW1-zkdA) Quoting this for info: All 11,055 shorts still intact.
' More info: http://www.bfxdata.com/combined/btc.phpI think it's just buying because of the paypal news.
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Its About Sharing
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Antifragile
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September 23, 2014, 06:35:42 PM |
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Here is the 15-minute resolution chart showing what I believe to be a short-covering bitcoin price rally. Large blocks are being purchased on Bitstamp. Gold prices have rallied a bit in the last hour too. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2Fq8Crpkw.png&t=665&c=jR9iTBGW1-zkdA) The Paypal news is HUGE imo. This is going to attract a lot more eyes to BTC. Regardless of the effect of BTC holders making more purchases now, I really think that with full Paypal integration, BTC starts another phase. This is like a huge Advertisement. It "coincidentally" happened at a really interesting point in the chart as well. Funny how that works out... I am very curious about what happens over the next few weeks. I say this starts a new uptrend. Perhaps not the big one we are looking for but at least a bounce to 600 ish...
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BTC = Black Swan. BTC = Antifragile - "Some things benefit from shocks; they thrive and grow when exposed to volatility, randomness, disorder, and stressors and love adventure, risk, and uncertainty. Robust is not the opposite of fragile.
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Biodom
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September 23, 2014, 09:31:22 PM |
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Here is the 15-minute resolution chart showing what I believe to be a short-covering bitcoin price rally. Large blocks are being purchased on Bitstamp. Gold prices have rallied a bit in the last hour too. https://i.imgur.com/q8Crpkw.pngThe Paypal news is HUGE imo. This is going to attract a lot more eyes to BTC. Regardless of the effect of BTC holders making more purchases now, I really think that with full Paypal integration, BTC starts another phase. This is like a huge Advertisement. It "coincidentally" happened at a really interesting point in the chart as well. Funny how that works out... I am very curious about what happens over the next few weeks. I say this starts a new uptrend. Perhaps not the big one we are looking for but at least a bounce to 600 ish... paypal news potentially interesting, but I don't see how these two can mix. Paypal just introduced a new draconian TOS where someone can return your goods full 180 days after purchasing if they are not "significantly as described" whatever that means. I don't think I will be selling anything of value and, specifically, bitcoin related on ebay/paypal after this POS/TOS goes into effect on Nov 18. All used miners have to go beforehand, as risking a FULL return after 179 days is too much to consider.
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RoadStress
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September 23, 2014, 09:39:39 PM |
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paypal news potentially interesting, but I don't see how these two can mix. Paypal just introduced a new draconian TOS where someone can return your goods full 180 days after purchasing if they are not "significantly as described" whatever that means. I don't think I will be selling anything of value and, specifically, bitcoin related on ebay/paypal after this POS/TOS goes into effect on Nov 18. All used miners have to go beforehand, as risking a FULL return after 179 days is too much to consider.
Miners are in small numbers so they don't matter to the whole Paypal&Bitpay mix.
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79b79aa8d5047da6d3XX
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September 24, 2014, 12:24:50 AM Last edit: September 24, 2014, 03:05:00 AM by 79b79aa8d5047da6d3XX |
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I don't think I will be selling anything of value and, specifically, bitcoin related on ebay/paypal
well yeah, whoever is buying a miner from you will be in a position to pay directly in BTC . . . that's not the target clientele.
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Wary
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September 24, 2014, 01:03:38 AM |
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paypal news potentially interesting, but I don't see how these two can mix. Paypal just introduced a new draconian TOS where someone can return your goods full 180 days after purchasing if they are not "significantly as described" whatever that means. I don't think I will be selling anything of value and, specifically, bitcoin related on ebay/paypal after this POS/TOS goes into effect on Nov 18. All used miners have to go beforehand, as risking a FULL return after 179 days is too much to consider.
Miners are in small numbers so they don't matter to the whole Paypal&Bitpay mix. Numbers are small, but size does matter. How many ringtones can one buy for a price of mining farm?
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Fairplay medal of dnaleor's trading simulator. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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molecular
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September 24, 2014, 07:00:53 AM |
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paypal news potentially interesting, but I don't see how these two can mix.
I can see how they mix very well: as paypal being an off-chain BTC payments processor with "added value" (chargebacks, consumer protection). They're currently doing it wrong, mistaking Bitcoin as purely a payment network instead of as a money (which it will become a good one, don't worry). Well, at least they're sticking a toe in the water.
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PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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79b79aa8d5047da6d3XX
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September 24, 2014, 03:06:17 PM Last edit: September 25, 2014, 03:48:14 PM by 79b79aa8d5047da6d3XX |
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I can see how they mix very well: as paypal being an off-chain BTC payments processor with "added value" (chargebacks, consumer protection).
Exactly. But any merchant that integrates Bitcoin via PayPal can also directly integrate Bitcon payments, in minutes. Faster, no middlemen, no need to be banked, lower fees. PayPal stands to lose a chunk of its business, and is moving not to lose it all.
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ssmc2
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September 24, 2014, 04:58:53 PM |
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And how about this- Paypal acquires Bitpay/Coinbase or both. Maybe their end game?
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prophetx
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he who has the gold makes the rules
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September 24, 2014, 05:32:36 PM |
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And how about this- Paypal acquires Bitpay/Coinbase or both. Maybe their end game?
only if one of them is in mismanaged or in financial problems AND Paypal cannot switch to using the others completely for some subset of customers. the likely candidate would be bitpay since that is a Peter Thiel investment and he could pull some strings for his portfolio, as has been done with other things (instagram). otherwise why buy the cow when the milk is (almost) free
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79b79aa8d5047da6d3XX
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September 24, 2014, 09:44:39 PM |
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September 2014 is shaping up to be the point of no return. Japanese integrated internet services firm GMO (market cap ~ USD $1.13 B) invests in bitFlyer (jp site where you can buy, sell, send BTC), with a view to serve Asian payment markets. They will compete directly with Alipay, Baidu, etc., which are forbidden to incorporate bitcoin, and thus are stuck with inferior tech. http://www.techinasia.com/bitcoin-gmo-payment/https://www.gmo.jp/en/https://bitflyer.jp/en/
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kehtolo
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September 25, 2014, 08:55:04 AM |
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September 2014 is shaping up to be the point of no return. Japanese integrated internet services firm GMO (market cap ~ USD $1.13 B) invests in bitFlyer (jp site where you can buy, sell, send BTC), with a view to serve Asian payment markets. They will compete directly with Alipay, Baidu, etc., which are forbidden to incorporate bitcoin, and thus are stuck with inferior tech. http://www.techinasia.com/bitcoin-gmo-payment/https://www.gmo.jp/en/https://bitflyer.jp/en/^^^Now this is interesting.. thanks for that.. i must have missed it.
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The next 24 hours are critical!
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medialab101
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September 25, 2014, 12:17:46 PM |
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September 2014 is shaping up to be the point of no return. Japanese integrated internet services firm GMO (market cap ~ USD $1.13 B) invests in bitFlyer (jp site where you can buy, sell, send BTC), with a view to serve Asian payment markets. They will compete directly with Alipay, Baidu, etc., which are forbidden to incorporate bitcoin, and thus are stuck with inferior tech. http://www.techinasia.com/bitcoin-gmo-payment/https://www.gmo.jp/en/https://bitflyer.jp/en/^^^Now this is interesting.. thanks for that.. i must have missed it. This is great news but https://bitflyer.jp/en/ is an inferior exchange. It's only open from 9AM to 3PM (just announced extended operating hours of 4:30PM - 7PM). In addition it has anemic volume and I really don't see how a reputable exchange that wants to be competitive can justify these banking hours... There are already better options in Japan and within a years time there will be foreign companies setting up shop here as well.
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prophetx
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September 25, 2014, 12:23:50 PM |
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September 2014 is shaping up to be the point of no return. Japanese integrated internet services firm GMO (market cap ~ USD $1.13 B) invests in bitFlyer (jp site where you can buy, sell, send BTC), with a view to serve Asian payment markets. They will compete directly with Alipay, Baidu, etc., which are forbidden to incorporate bitcoin, and thus are stuck with inferior tech. http://www.techinasia.com/bitcoin-gmo-payment/https://www.gmo.jp/en/https://bitflyer.jp/en/^^^Now this is interesting.. thanks for that.. i must have missed it. This is great news but https://bitflyer.jp/en/ is an inferior exchange. It's only open from 9AM to 3PM (just announced extended operating hours of 4:30PM - 7PM). In addition it has anemic volume and I really don't see how a reputable exchange that wants to be competitive can justify these banking hours... There are already better options in Japan and within a years time there will be foreign companies setting up shop here as well. never underestimate the power of the kieretsu model
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coinits
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September 27, 2014, 11:33:05 PM |
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I left that out of the speculation, since a hit would have been quite easy in the headlights from 20 meters.
Have a manned security station with a gate. Have a spike belt to flatten tires of the unwelcomed. Guns are your friend.
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Jump you fuckers! | The thing about smart motherfuckers is they sound like crazy motherfuckers to dumb motherfuckers. | My sig space for rent for 0.01 btc per week.
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