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Author Topic: Bitcoin will be exciting again!  (Read 2650 times)
Bit_Happy (OP)
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March 14, 2014, 08:16:38 PM
Last edit: March 15, 2014, 02:32:25 AM by Bit_Happy
 #1

Someday
When, when:
Are we there yet?
Bitcoin will be exciting again!
Someday....

When?




Edit:
I could have been more clear: The BTC project is always exciting.
Lately prices/speculation opportunities have been extremely slow and boring.

GigaCoin
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March 14, 2014, 09:21:19 PM
 #2

It needs time to heal from Gox and the countless of hacked exchanges we hear about everyday. Media is also killing bitcoin on daily basis, Any strong bullrun now will feel premature

It also needs Wallstreet and the winki ETF, This will need regulation which means wallstreet money comes Q3-Q4 2014

I see the next bull run to be closer to June period, by then Gox will be forgotten and hopefully more good news flood in.

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March 14, 2014, 09:26:03 PM
 #3

...
It also needs Wallstreet and the winki ETF, This will need regulation which means wallstreet money comes Q3-Q4 2014
...

I was thinking about that earlier today; The moment the winki ETF is approved will be a very memorable day.
BTC is gaining traction and getting more mainstream every day.

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March 14, 2014, 11:17:22 PM
 #4

Someday
When, when:
Are we there yet?
Bitcoin will be exciting again!
Someday....

When?

Bitcoin is exciting! Smiley
Right now, and before and forever!

BTC
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March 14, 2014, 11:45:14 PM
 #5


It's not all that bad if Bitcoin is boring for a while Tongue
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March 14, 2014, 11:55:59 PM
 #6

Too many unknown variables at the moment are leading people to tread cautiously around bitcoin:

1. Mt. Gox: We don't know if the coins were stolen by a 3rd party or not. Nor do we know if/when the coins will be dumped, or if they have already been dumped and factored into the market. Moreover, a lot of people are starting to distrust all of the exchanges. They're gonna have to implement an open/transparent and decentralized system before I deposit anything back onto an exchange.

2. Satoshi p2p account activity: If that was really Satoshi that posted that comment, that means that he is still watching bitcoin expand, and who knows what he'll do with all those coins he mined.

3. Negative media exposure: Media outlets have been attacking bitcoin pretty hard lately. If you read the comments on some news sites, there is much more negative attention directed towards BTC by the general population than there was a year ago. While this point is not really an unknown variable, it can slow the adoption rate for bitcoin.

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March 15, 2014, 12:56:17 AM
 #7

Too many unknown variables at the moment are leading people to tread cautiously around bitcoin:

1. Mt. Gox: We don't know if the coins were stolen by a 3rd party or not. Nor do we know if/when the coins will be dumped, or if they have already been dumped and factored into the market. Moreover, a lot of people are starting to distrust all of the exchanges. They're gonna have to implement an open/transparent and decentralized system before I deposit anything back onto an exchange.

2. Satoshi p2p account activity: If that was really Satoshi that posted that comment, that means that he is still watching bitcoin expand, and who knows what he'll do with all those coins he mined.

3. Negative media exposure: Media outlets have been attacking bitcoin pretty hard lately. If you read the comments on some news sites, there is much more negative attention directed towards BTC by the general population than there was a year ago. While this point is not really an unknown variable, it can slow the adoption rate for bitcoin.


But the fact that it is sitting at 600+ and not the 100-level, means overall, people are still very optimistic, even with the negative exposure.
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March 15, 2014, 12:57:47 AM
 #8


It's not all that bad if Bitcoin is boring for a while Tongue

Well it was boring from about 20th dec to MtGox crash Tongue

And it was better than when it stopped to be boring in this way...

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March 15, 2014, 01:56:38 AM
 #9

Bitcoin is so exciting there are news sites built solely for updates on it's topic.

What makes you think it's not exciting anymore?

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Bit_Happy (OP)
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March 15, 2014, 02:31:54 AM
 #10

Bitcoin is so exciting there are news sites built solely for updates on it's topic.

What makes you think it's not exciting anymore?

I could have been more clear: The BTC project is always exciting.
Lately prices/speculation opportunities have been extremely slow and boring.

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March 15, 2014, 02:49:37 AM
 #11

Someday
When, when:
Are we there yet?
Bitcoin will be exciting again!
Someday....

When?




Edit:
I could have been more clear: The BTC project is always exciting.
Lately prices/speculation opportunities have been extremely slow and boring.

Well , you nailed this one.


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March 15, 2014, 03:41:24 AM
 #12

But the fact that it is sitting at 600+ and not the 100-level, means overall, people are still very optimistic, even with the negative exposure.

People can be both optimistic and cautious I guess. The impact of those unknown variables could send BTC prices either way in the short term.

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March 15, 2014, 10:53:29 AM
 #13

But the fact that it is sitting at 600+ and not the 100-level, means overall, people are still very optimistic, even with the negative exposure.

People can be both optimistic and cautious I guess. The impact of those unknown variables could send BTC prices either way in the short term.

"people are still very optimistic, even with the negative exposure" yes we are Smiley
"People can be both optimistic and cautious I guess"  - we even should be cautions! Smiley and optimistic!
"The impact of those unknown variables could send BTC prices either way in the short term." - yes, but without any problems like Magic The gathering price should go up Smiley and away Tongue
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March 15, 2014, 02:46:51 PM
 #14

The situation in Ukraine and Crimea is deteriorating quickly. It's possible we will see a similar situation like Cyprus, although the price action may not be similar.

the oligarch are busy divvying up another sovereign state, what's so different this time?
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March 15, 2014, 02:52:32 PM
 #15

The situation in Ukraine and Crimea is deteriorating quickly. It's possible we will see a similar situation like Cyprus, although the price action may not be similar.

the oligarch are busy divvying up another sovereign state, what's so different this time?

Guns and bullets? Possible disruption of their internet and 1217 nodes there. That have to be dealt with if a fair manner if we get a fork. The light didn't even flicker in Cyprus.

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March 15, 2014, 03:04:43 PM
 #16

The situation in Ukraine and Crimea is deteriorating quickly. It's possible we will see a similar situation like Cyprus, although the price action may not be similar.

Cyprus? You know that people buying bitcoin in Cyprus last year during the crisis was a myth , right?


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gizmoh
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March 15, 2014, 06:52:23 PM
 #17

The situation in Ukraine and Crimea is deteriorating quickly. It's possible we will see a similar situation like Cyprus, although the price action may not be similar.

Cyprus? You know that people buying bitcoin in Cyprus last year during the crisis was a myth , right?


Yes it was "already in-game players"  who caused the price rise due to that event .
So why would it be different with a bigger crisis looming ahead: Economic sanctions against russia .This would have major economic and political repercussions worldwide.  

How Ripple Rips you: "The founders of Ripple Labs created 100 billion XRP at Ripple's inception. No more can be created according to the rules of the Ripple protocol. Of the 100 billion created, 20 billion XRP were retained by the creators, seeders, venture capital companies and other founders. The remaining 80 billion were given to Ripple Labs. Ripple Labs intends to distribute and sell 55 of that 80 billion XRP to users and strategic partners. Ripple Labs also had a giveaway of under 200 million XRP (0.002% of all XRP) via World Community Grid that was later discontinued.[29] Ripple Labs will retain the remaining 25 billion"
hellscabane
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March 15, 2014, 07:03:28 PM
 #18

I think there will be some excitement soon enough (that's how BTC works).

On the politics side, there is lots of activity in Eastern Europe so that might drive some sort of push with BTC.

On the financial and regulation side, there are lots of interesting news. First with Australia announcing taxing BTC and soon that could trickle over the the U.S. with Overstock likely holding on to BTC through the closing of 2014Q1. There will be some interesting precedents and I think it will drive a lot of activity around BTC.

I think in general, April is shaping up to be a pretty exciting month.
Bit_Happy (OP)
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March 15, 2014, 07:06:29 PM
 #19

I think there will be some excitement soon enough (that's how BTC works).

On the politics side, there is lots of activity in Eastern Europe so that might drive some sort of push with BTC.

On the financial and regulation side, there are lots of interesting news. First with Australia announcing taxing BTC and soon that could trickle over the the U.S. with Overstock likely holding on to BTC through the closing of 2014Q1. There will be some interesting precedents and I think it will drive a lot of activity around BTC.

I think in general, April is shaping up to be a pretty exciting month.

April or.... this summer.
Things take time to develop, but good days are ahead.  Smiley

dotcom
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March 15, 2014, 07:10:00 PM
 #20

Someday
When, when:
Are we there yet?
Bitcoin will be exciting again!
Someday....

When?




Edit:
I could have been more clear: The BTC project is always exciting.
Lately prices/speculation opportunities have been extremely slow and boring.

Too much of the infrastructure fell apart recently due to hacking/greed (mainly the latter). When more markets/bazaars start to open people will not tread with so much caution and you'll begin to see the old volatile value return IMO.
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