Mageant (OP)
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May 13, 2014, 06:40:12 PM |
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I've been seeing a lot of positive news on Bitcoin recently (large VC funding, many new online merchants accepting Bitcoin), but the price does not seem to be reacting at all. Why do you think this is? (or do you disargee wth the latest news being positive?)
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cjgames.com
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FeedbackLoop
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May 13, 2014, 06:44:53 PM |
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News, in any market and in the short term, are only an excuse for it move where it already wants to go. Bitcoin was in a bear market and has been stable lately (so I imagine little short fuel for any squeeze). So good news mean nothing in the short term.
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zoinky
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May 13, 2014, 06:47:16 PM |
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The price has reacted by not crashing to 300 and below. Hopefully some silly bears will dump more to fill the awaiting bids. I'd rather not have to move them higher. I guess people are just starting to understand the technology .
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the_sunship
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May 13, 2014, 07:22:42 PM |
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Although there is good news, bitcoin the "brand" still is not trusted yet by the majority of wealthy investors. We're still in the "they laugh / fight you" stage (see below). We will probably be here for a while while the infrastructure gets built and more trusted exchanges enter the market. But it's all coming, so I'm not worried.
"First they ignore you, then they laugh at you, then they fight you, then you win." -Mahatma Gandhi
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hd060053
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May 13, 2014, 07:39:24 PM |
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market is waiting for a silk road-like crash to ~300 . then we go up again. big money is ready after that crash
btw that crash will be the last chance to get cheap coins.
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Wilhelm
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May 13, 2014, 07:40:22 PM |
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Although there is good news, bitcoin the "brand" still is not trusted yet by the majority of wealthy investors. We're still in the "they laugh / fight you" stage (see below). We will probably be here for a while while the infrastructure gets built and more trusted exchanges enter the market. But it's all coming, so I'm not worried.
"First they ignore you, then they laugh at you, then they fight you, then you win." -Mahatma Gandhi
Invalid quote .... Wikiquote says "Describing the stages of a winning strategy of nonviolent activism. There is no record of Gandhi saying this." http://en.wikiquote.org/wiki/Mahatma_GandhiThis doesn't change the fact that the quote is a good one
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Bitcoin is like a box of chocolates. You never know what you're gonna get !!
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blatchcorn
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May 13, 2014, 07:42:01 PM |
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Blame the bears
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r34tr783tr78
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May 13, 2014, 07:52:45 PM |
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Globally, the news aren't good: the chinese market, that was the main responsible for pushing the price from 150 to 1200, is on the verge of strangulation by lack of new fiat because of regulatory issues.
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slapper
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Leading Crypto Sports Betting & Casino Platform
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May 13, 2014, 08:01:57 PM |
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Globally, the news aren't good: the chinese market, that was the main responsible for pushing the price from 150 to 1200, is on the verge of strangulation by lack of new fiat because of regulatory issues.
The good news is, none of them will be able to sell/dump because their bags are $1200 heavy. They will have to find $2000 chinamen to sell to as their exit strategy Most of that market got into it because they took it as get rich quick scheme and not a "decentralized" p2p currency or libertarian ideologies. Checkmate.
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bitcoinsrus
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May 13, 2014, 08:36:44 PM |
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Although there is good news, bitcoin the "brand" still is not trusted yet by the majority of wealthy investors. We're still in the "they laugh / fight you" stage (see below). We will probably be here for a while while the infrastructure gets built and more trusted exchanges enter the market. But it's all coming, so I'm not worried.
"First they ignore you, then they laugh at you, then they fight you, then you win." -Mahatma Gandhi
Invalid quote .... Wikiquote says "Describing the stages of a winning strategy of nonviolent activism. There is no record of Gandhi saying this." http://en.wikiquote.org/wiki/Mahatma_GandhiThis doesn't change the fact that the quote is a good one I am not saying whether the quote was said by him or not, but when I google it, many links claim he is the person who said it.
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phelix
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May 14, 2014, 06:54:49 PM |
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There were flats like this before, e.g. November 2012 so I guess we are right in the middle of something...
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Bobsurplus
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Making money since I was in the womb! @emc2whale
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May 14, 2014, 06:56:10 PM |
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Just wait for the ETF.. Then you'll see some major movement.
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