inca
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Activity: 1176
Merit: 1000
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May 18, 2014, 12:32:36 PM |
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There are no big investors coming. not at all.
What sane investor would buy bitcoin?
The long term chart for bitcoin looks terrible, it has CLEARLY been declining since it was created in 2009.
There never were any bubbles that surpassed the previous ATHs.
These past days/weeks it has NOT been stable.
The market cap is WAY too high. no room for growth.
No merchants and businesses are accepting bitcoin or are taking it into consideration whatsoever.
Bitcoin is not an innovation in technology.
In fact, the simple fact that there are rich people in the world who could buy bitcoin is a myth.
Nothing to see here. Now if you will excuse me, I gotta go at the casino and get rich playing slot machines.
Bravo  |
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BittBurger
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May 18, 2014, 04:19:32 PM |
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I try to remind myself that 3,600 bitcoins are being bought *every day* by somebody.
That means $1,600,000 in Bitcoin is being bought by *somebody* daily.
That's a lot of buyers and a lot of money going in.
When demand outstrips supply, then price rises. Until then, a stable price still means a lot of buyers.
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master-P
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May 18, 2014, 04:37:11 PM |
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I try to remind myself that 3,600 bitcoins are being bought *every day* by somebody.
That means $1,600,000 in Bitcoin is being bought by *somebody* daily.
That's a lot of buyers and a lot of money going in.
When demand outstrips supply, then price rises. Until then, a stable price still means a lot of buyers.
There's no proof that most of those coins are being sold. I doubt there's $1.6 million of fresh fiat coming into BTC everyday. I haven't put any fresh fiat into BTC since we were at $85 and I'm sure many others who bought below $100 aren't either. |
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bigdave
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May 18, 2014, 04:49:10 PM |
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I hate to break it to you but there are still 4 billion IP addresses. The internet backbone has not moved to IPv6.....yet. |
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sgbett
Legendary
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Activity: 2576
Merit: 1087
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May 18, 2014, 05:20:06 PM |
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That diagram is terrible... read the text below it... I wanted to make a cool graphic to show the relative sizes of the IPv4 and IPv6 address spaces. You know, where I’d show the IPv6 address space as a big box and the IPv4 address space as a tiny one. The problem is that the IPv6 address space is so much larger than the IPv4 space that there is no way to show it to scale! To make this diagram to scale, imagine the IPv4 address space is the 1.6-inch square above. In that case, the IPv6 address space would be represented by a square the size of the solar system. |
"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto*my posts are not investment advice*
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Bit_Happy
Legendary
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Activity: 2114
Merit: 1040
A Great Time to Start Something!
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May 18, 2014, 07:12:28 PM |
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That diagram is terrible... read the text below it... I wanted to make a cool graphic to show the relative sizes of the IPv4 and IPv6 address spaces. You know, where I’d show the IPv6 address space as a big box and the IPv4 address space as a tiny one. The problem is that the IPv6 address space is so much larger than the IPv4 space that there is no way to show it to scale! To make this diagram to scale, imagine the IPv4 address space is the 1.6-inch square above. In that case, the IPv6 address space would be represented by a square the size of the solar system. Obviously, we will have a severe BTC shortage long before we run out of IP's again. Have the Bears in this thread been completely ineffective? The "big investors" might not come this week, but do we need them at all? If you are afraid of BTC going down again, Answer this: How far can BTC possibly fall compared to the amount of upside? |
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Nagle
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Activity: 1204
Merit: 1000
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May 18, 2014, 07:16:27 PM |
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Those twins already have a huge bag, their money isn't new, unless they are buying more.
The question is if their bitcoin ETF is approved and starts to be traded in order for more money to come in. But that approval has being delayed for months.
Right. Their Bitcoin EFT is a way for them to get out of Bitcoin. If they sold on any of the existing exchanges, they'd either crash the price or be ripped off. |
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Alley
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Activity: 910
Merit: 1000
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May 18, 2014, 07:26:05 PM |
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Seems like people are investing in the infastructure not buying actual coins. Its up to the masses to start buying and useing.
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Bit_Happy
Legendary
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Activity: 2114
Merit: 1040
A Great Time to Start Something!
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May 18, 2014, 07:39:17 PM |
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Some people think BTC is like the Titanic, heading into (or currently suffering from) it's virgin disaster. Others know (or suspect) Bitcoin is a genuine once-in-a-lifetime adventure that will succeed on a massive scale. The only certainty is that the journey will be exciting. |
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r34tr783tr78
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May 18, 2014, 08:15:12 PM |
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To be fair, being smart is far to be the only necessary capacity to earn big money.
It's necessary social skills, personal contacts, initiative, capacity to take risks, etc.
They seem to have some of these (moving to bitcoin was a risky, but wise investment, so far...), but basically they just took to court the right person (the facebook guy).
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meanig
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May 18, 2014, 08:34:03 PM |
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Right. Their Bitcoin EFT is a way for them to get out of Bitcoin. If they sold on any of the existing exchanges, they'd either crash the price or be ripped off.
You are smarter than "twins". How it is possible that you do not have the same(even a lot of more) amount of money/bitcoins. Because Nagle is still waiting for the price of a bitcoin to hit negative numbers. Waiting since 2011. |
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meanig
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May 18, 2014, 08:56:09 PM |
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He really must be a genius, I have never was able even imagine negative bitcoin price.
Nagle was infamous during the 2011 bear market for his ridiculously gloomy predictions. He was certain the Bitcoin price was heading to zero and then onwards to the depths of hell. |
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jcoin200
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May 18, 2014, 11:11:25 PM |
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Seems like people are investing in the infastructure not buying actual coins. Its up to the masses to start buying and useing.
Exactly. When you see places like Coinbase get a $25 million dollar investment it is good news for everyone buying btc. These people are putting big money into a company, helping to ensure value will remain there for btc. Big money is definitely coming into the infrastructure, then once that is rock solid, then more "regular Joe" investors will probably jump in. |
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RandomPedestrianN9
Member
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Activity: 84
Merit: 10
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May 18, 2014, 11:15:30 PM |
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Seems like people are investing in the infastructure not buying actual coins. Its up to the masses to start buying and useing.
Exactly. When you see places like Coinbase get a $25 million dollar investment it is good news for everyone buying btc. These people are putting big money into a company, helping to ensure value will remain there for btc. Big money is definitely coming into the infrastructure, then once that is rock solid, then more "regular Joe" investors will probably jump in. Messaging app gets bought for several billions, supposedly revolutionary, once in a lifetime company dealing with Bitcoin gets 25m...if BTC was as good as you claim it is, Mark would have bought BTC companies long time ago and implemented it into FB, but he didnt. |
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bananaControl
Sr. Member
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Activity: 322
Merit: 250
Decentralize All The Things!
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May 18, 2014, 11:43:58 PM |
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Seems like people are investing in the infastructure not buying actual coins. Its up to the masses to start buying and useing.
Exactly. When you see places like Coinbase get a $25 million dollar investment it is good news for everyone buying btc. These people are putting big money into a company, helping to ensure value will remain there for btc. Big money is definitely coming into the infrastructure, then once that is rock solid, then more "regular Joe" investors will probably jump in. Messaging app gets bought for several billions, supposedly revolutionary, once in a lifetime company dealing with Bitcoin gets 25m...if BTC was as good as you claim it is, Mark would have bought BTC companies long time ago and implemented it into FB, but he didnt. He bought the millions of users, NOT the technology. It's a messaging app for Christ's sake. |
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Benjig
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May 18, 2014, 11:52:15 PM |
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the normal people is the "big investor" those common folks who haven't heard or invested in bitcoin.. when these people decides to buy bitcoin probably will just gonna buy 100 usd.. but multiplied for 100 millions.. is 10,000,000
but if it gets accepted in many commerces, corporations will have to buy and will rise that amount several times.
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Crindon
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May 19, 2014, 05:12:05 AM |
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Give it time. It won't be long as we are reaching the breaking point. When there is a bit more limelight on BTC, we will know that we've made it and the institutional investors will start jumping in. It could be as soon as August 2014.
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TERA
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May 19, 2014, 07:34:21 AM |
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Give it time. It won't be long as we are reaching the breaking point. When there is a bit more limelight on BTC, we will know that we've made it and the institutional investors will start jumping in. It could be as soon as August 2014.
Another post written with catchy exciting phrases. Are you guys getting pumped yet? Also, it's written by someone wearing a suit and a tie, so you should pay attention. |
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RandomPedestrianN9
Member
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Activity: 84
Merit: 10
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May 19, 2014, 07:37:49 AM |
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Give it time. It won't be long as we are reaching the breaking point. When there is a bit more limelight on BTC, we will know that we've made it and the institutional investors will start jumping in. It could be as soon as August 2014.
Another post written with catchy exciting phrases. Are you guys getting pumped yet? Also, it's written by someone wearing a suit and a tie, so you should pay attention. This is hilarious. You know its time to abandon ship when the buzzwording starts. |
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