Opinions On Facebook Twins

[serenitys]

I'm quite interested in your opinions of the Facebook twins getting the green light from the SEC for their ETF.

Do you guys think the SEC will approve/accept it and if so, what is your opinion on what it may/may not do to the market price of btc?

...and why?

I've read many places where the going opinion is that btc is probably going to hit the upswing toward summer but I'm not sure what the "prediction" is being based on. If people anticipate the price rising pretty high by mid summer, why aren't they buying now? If they're anticipating further drop before it goes up, what are they basing it on as a cause?

If you could help clarify that too it'd be much appreciated.

[xDan]

why aren't they buying now?

because I already spent all my monies on Bitcoins

I think the "prediction" is based on the continually growing infrastructure. At some point it's got to stop going down then at least creep up. And a slow creep up will likely if the past is anything to go by cause a new bubble of speculators.

The exact point at which this will happen? Who knows. But the huge downwards motions seem to have slowed... And the infrastructure keeps growing, new companies being created and old ones coming on board...

Of course if anyone has specific theories on why this summer in particular I'd love to know too!

[Torque]

Of course if anyone has specific theories on why this summer in particular I'd love to know too!

Guesses and wishful thinking based on frequency of past rallies.  I actually don't subscribe to this narrow thinking, as there's nothing in the "rules of bitcoin" that say that a rally must happen every six months or even every year.  Hell, even though 2012 was a good year for bitcoin I wouldn't say it had anything remarkable going on... not like 2011 and 2013.

Bitcoin is like Honey Badger, it does what it wants and doesn't give an f!

Oh, and I have no doubt that whale speculators have insider knowledge of events coming 6 months to a year out.  So if you see them pop up in this market again, you can rest assured something is on the horizon.

[raskul]

Bitcoin is like Honey Badger, it does what it wants and doesn't give an f!

this. if you notice the past few months of dumps and rallies, BTC is resolving itself, stabilising and now, eventually, giving 2 fingers to most attempted manipulation.

good thing if you ask me.

[serenitys]

How do you know who/what whales are?

As for where it is now, it's sticking pretty tightly to the $400 range and has been there since I stumbled over this forum a month or so ago. I bought when it dropped down to the high 300s though, missed the 339 which sucked but I was caught in the "wait time" getting my account verified and linked up...pissed me off

It seems to be hanging out here for awhile and I'm curious why it's at this level as opposed to higher/lower. Is that "resistance" or "wall" you all speak of?

Ideally, it'll plummet to a hundred bucks, I can spend a couple thousand, and then it'll shoot way the hell up and keep going til something monstrous happens. I still see a wider consumer adoption coming regardless...I liken it to about 1999 internet/cell phone. By 2002 everybody and their mamma will have a cell phone - by 2016, everybody and their mamma will be using bitcoin.

[xDan]

How do you know who/what whales are?

I'd like to know too.

You'd think they'd just be continually buying anyway. Or maybe that is more long term and isn't counted as a "speculator"...