aminorex
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Activity: 1596
Merit: 1029
Sine secretum non libertas
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April 04, 2014, 07:40:52 AM |
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BTCUSD manias have come regularly, despite a severely constrained channel for flow of funds.
When ETPs start trading, that straw becomes a firehose.
If there is no bubble before then, I am becoming increasingly convinced that the next will be a superbubble.
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Give a man a fish and he eats for a day. Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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Remember that Bitcoin is still beta software. Don't put all of your money into BTC!
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Erdogan
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Activity: 1512
Merit: 1005
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April 04, 2014, 08:12:59 AM |
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OP seems to think that money (he means fiat) must go into bitcoin. This is a fallacy. It is the value that has to come into bitcoin.
The value is in the minds of the actors. First they value something, then they change and value something else.
And where does it come from? Maybe from fiat money, maybe from other things that functions as value stores, like houses.
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dreamspark
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April 04, 2014, 09:05:07 AM |
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You don't need new money to rally, you just need people to stop selling and all the previous seller to want back in, pretty simple really.
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TERA
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April 04, 2014, 09:07:36 AM |
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You don't need new money to rally, you just need people to stop selling and all the previous seller to want back in, pretty simple really.
That will only cause a recovery somewhere into the previous trading range. That isn't actually going to push it to rally into new highs without any new money coming in, though it could lead to the new money coming in. |
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dreamspark
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April 04, 2014, 11:19:38 AM |
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You don't need new money to rally, you just need people to stop selling and all the previous seller to want back in, pretty simple really.
That will only cause a recovery somewhere into the previous trading range. That isn't actually going to push it to rally into new highs without any new money coming in, though it could lead to the new money coming in. Agree but OP is asking wheres the money going to come from to rally BTC not create ATH. If you loaded up around $400 and it rallys back to just under ATH lets say $1000 then your going to be pretty darn happy, no ? |
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CoinPal
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Activity: 18
Merit: 0
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April 04, 2014, 04:20:25 PM |
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OP seems to think that money (he means fiat) must go into bitcoin. This is a fallacy. It is the value that has to come into bitcoin.
The value is in the minds of the actors. First they value something, then they change and value something else.
And where does it come from? Maybe from fiat money, maybe from other things that functions as value stores, like houses.
They go hand in hand, the more fiat in BTC - the more the masses deem it with a certain value. The more ' Value' in Bitcoin, in terms of adoption of currency like features, the more fiat currencies go in to bit coin. It's a two way street. |
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redhawk979
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April 04, 2014, 05:50:12 PM |
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So...
"Bitcoin isnt a ponzi!"
but...
"We need people to throw more money in to make it more valuable"
?
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semaforo
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April 04, 2014, 05:54:51 PM |
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So...
"Bitcoin isnt a ponzi!"
but...
"We need people to throw more money in to make it more valuable"
?
A Ponzi offers no added value, and collapses when people stop putting more money in. Furthermore, it requires increasing amounts of money to be put in just to sustain it. Bitcoin offers real value and utility, and could sustain itself indefinitely without any money coming in. A ponzi is based on deception. Bitcoin is completely transparent. Do I really have to go on? |
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Bit_Happy
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Activity: 2100
Merit: 1040
A Great Time to Start Something!
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April 04, 2014, 06:15:47 PM |
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So...
"Bitcoin isnt a ponzi!"
but...
"We need people to throw more money in to make it more valuable"
?
Bitcoin is NOT literally a Ponzi, but... It does have several amazing similarities. Some people are really uncomfortable when that fact gets pointed out. |
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Erdogan
Legendary
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Activity: 1512
Merit: 1005
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April 04, 2014, 06:17:03 PM |
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So...
"Bitcoin isnt a ponzi!"
but...
"We need people to throw more money in to make it more valuable"
?
A Ponzi offers no added value, and collapses when people stop putting more money in. Furthermore, it requires increasing amounts of money to be put in just to sustain it. Bitcoin offers real value and utility, and could sustain itself indefinitely without any money coming in. A ponzi is based on deception.
Bitcoin is completely transparent.
Do I really have to go on? correct. Especially the red. Bitcoin is more like a pyramid scheme. All money is. |
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bitcoinsrus
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April 04, 2014, 07:24:06 PM |
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So...
"Bitcoin isnt a ponzi!"
but...
"We need people to throw more money in to make it more valuable"
?
A Ponzi offers no added value, and collapses when people stop putting more money in. Furthermore, it requires increasing amounts of money to be put in just to sustain it. Bitcoin offers real value and utility, and could sustain itself indefinitely without any money coming in. A ponzi is based on deception.
Bitcoin is completely transparent.
Do I really have to go on? correct. Especially the red. Bitcoin is more like a pyramid scheme. All money is.  |
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dani
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April 04, 2014, 08:05:03 PM |
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OPs question was asked so many times it's getting boring to answer. Just sit and watch. Time will tell..
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Hai
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dandirk
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April 04, 2014, 08:32:06 PM |
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Money is coming from me...
I bought 2 coins... to the moon (or the qwiki mart next door) lol
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Honeypot
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April 05, 2014, 01:45:57 AM |
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With a little more time for regulations and government policies to solidify in term of bitcoin, we can definitely envision main financial players and wall st. types jumping in.
That's where the money will come from.
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wobber
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Activity: 1064
Merit: 1001
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April 05, 2014, 01:55:25 AM |
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With a little more time for regulations and government policies to solidify in term of bitcoin, we can definitely envision main financial players and wall st. types jumping in.
That's where the money will come from.
There is no need for Wall Street to come in. Please, no Wall street. Keep those assholes out of this. Bitcoin != bitcoin price. Price is irrelevant. |
If you hate me, you can spam me here: 19wdQNKjnATkgXvpzmSrkSYhJtuJWb8mKs
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Bit_Happy
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Activity: 2100
Merit: 1040
A Great Time to Start Something!
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April 05, 2014, 03:24:39 AM |
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The money will come pouring in as soon as the BTC media coverage turns positive.
This cycle has already repeated several times, just pay attention.
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SlipperySlope
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April 05, 2014, 04:09:39 AM |
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The money will come pouring in as soon as the BTC media coverage turns positive.
This cycle has already repeated several times, just pay attention.
This. After a few months of stability and slightly rising prices - the first sign of a rally will cause the return of funds from those who cashed out the last rally, plus the inflow of funds from those who held off last time because they were too late. By the time we reach a new all time high the mass media will be more than ready to headline the rally - at which point 10x new investors enter the market. This phenomenon happened back in January-April 2013 and again in September-November 2013. I believe that the circumstances will be similar enough this summer to produce the same dramatic result. See Summer 2014 Bitcoin Bubble - First Projection. |
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Bit_Happy
Legendary
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Activity: 2100
Merit: 1040
A Great Time to Start Something!
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April 05, 2014, 04:13:17 AM |
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The money will come pouring in as soon as the BTC media coverage turns positive.
This cycle has already repeated several times, just pay attention.
This. After a few months of stability and slightly rising prices - the first sign of a rally will cause the return of funds from those who cashed out the last rally, plus the inflow of funds from those who held off last time because they were too late. By the time we reach a new all time high the media will be more than ready to headline the rally - at which point 10x new investors enter the market. This phenomenon happened back in January-April 2013 and again in September-November 2013. I believe that the circumstances will be similar enough this summer to produce the same dramatic result. This time everything seems to be "taking too long", but in reality we are still adjusting to the amazing excitement of last year. Bitcoins are a store of value - hold them.  |
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painlord2k
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April 05, 2014, 11:04:41 AM |
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There was an incredible expansion of retailers and services accepting bitcoins as payments.
This have outstripped the increase of users.
This have caused a lot of users to have a lot of ways to spend their bitcoins and they spent some of them.
The reduction of the price have pushed a lot of miners to sell much more of the coins they mined to pay back power/HW/etc.
This have provided pressures from the sell side to sell and there was not enough demand from the buy side.
But, as the prices go down,
1) miners start to switch off the rigs or power them down to save power and be more efficient.
2) Users start to spend less because their purchasing power decrease so they are incentivized to save
This is taking away pressure from the sell side rebalancing the equilibrium between buy and sell at a lower level.
As people sell their bitcoin to someone else, it is obvious the people buying value their new BTC more than what they value their $.
So they will not sell at a lower prices and will continue to buy the cheaper BTC on the market.
And when the cheap BTC are sold, what will be available will be BTC at an higher price.
If my BTC are unavailable before the price is 1M $, they can not be traded.
If someone else BTC are unavailable before 100K $, they can not be bought.
Buyers buy first what is sold by the lowest seller.
There are about 2 M BTC be used in the market for short term use (as a payment system).
To move the other 8 M BTC the buyers must go higher than now. A lot higher. (a couple of millions are probably lost/forever unavailable).
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