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TERA
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June 15, 2014, 12:29:14 PM |
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This is old news (apple policy change). Plus, nothing short of bitcoin opening on nasdaq tomorrow would could such a sudden giant unnatural shift in trend as that.
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CaptainBeck
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June 15, 2014, 12:31:26 PM |
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If apple started accepting for everything and launched their own super fast low rates exchange, that would get $700 but we all dream.
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Hyena
Legendary
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Activity: 2114
Merit: 1013
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June 15, 2014, 12:36:22 PM |
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If apple started accepting for everything and launched their own super fast low rates exchange, that would get $700 but we all dream.
Or if Obama announced " Start buying bitcoin or you are going to die!" |
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TERA
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June 15, 2014, 12:37:31 PM |
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If apple started accepting for everything and launched their own super fast low rates exchange, that would get $700 but we all dream.
I don't think even that would do it. As we've seen over and over, merchant adoption just doesn't have anywhere near the immediate price impact that we expect it to. This is because there is no immediate increase in bitcoin usage because of this. New users don't start using bitcoin right away just because a merchant adopted it - it is mostly existing bitcoin users having one extra way to spend (dump) their coins. Eventually it manifests as growth but not right away. I'm not saying adoption is bad; I'm just saying it doesn't have the immediate effect that you'd expect. There is no technical force behind an immediate effect. Infrastructure improvements to broaden the exchange system, on the other hand, do have an immediate effect - this is because the in-flow of money and ability of new users to enter the system is increased. |
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CaptainBeck
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June 15, 2014, 12:41:51 PM |
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If apple started accepting for everything and launched their own super fast low rates exchange, that would get $700 but we all dream.
I don't think even that would do it. As we've seen over and over, merchant adoption just doesn't have anywhere near the immediate price impact that we expect it to. This is because there is no immediate increase in bitcoin usage because of this. New users don't start using bitcoin right away just because a merchant adopted it - it is mostly existing bitcoin users having one extra way to spend (dump) their coins. Eventually it manifests as growth but not right away. I'm not saying adoption is bad; I'm just saying it doesn't have the immediate effect that you'd expect. There is no technical force behind an immediate effect. Infrastructure improvements to broaden the exchange system, on the other hand, do have an immediate effect - this is because the in-flow of money and ability of new users to enter the system is increased. Agreed, increase is always slow if the drive is from new users/routes. Its always a shame in markets that the drop is so much quicker than the climb. A nice stable price with plenty of trade/spend option is a much nicer dream than sky high flaky prices. |
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chandan123
Full Member
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Activity: 212
Merit: 100
Hi
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June 15, 2014, 12:43:08 PM |
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forget 700 lets hope for 600$  |
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boumalo
Legendary
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Activity: 1904
Merit: 1018
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June 15, 2014, 01:45:45 PM |
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This is old news (apple policy change). Plus, nothing short of bitcoin opening on nasdaq tomorrow would could such a sudden giant unnatural shift in trend as that.
It is still a very positive news like expedia, monoprix, yahoo finance |
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gondel
Legendary
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Activity: 1946
Merit: 1005
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June 15, 2014, 01:48:52 PM |
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This is old news (apple policy change). Plus, nothing short of bitcoin opening on nasdaq tomorrow would could such a sudden giant unnatural shift in trend as that.
It is still a very positive news like expedia, monoprix, yahoo finance Yes, thats right, but it is not enough for now. Think the price is going to400$ and will stay for some time like this. Hope will be700 in a few weeks. BR Gondel |
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CaptainBeck
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June 15, 2014, 01:49:48 PM |
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This is old news (apple policy change). Plus, nothing short of bitcoin opening on nasdaq tomorrow would could such a sudden giant unnatural shift in trend as that.
It is still a very positive news like expedia, monoprix, yahoo finance Yes, thats right, but it is not enough for now. Think the price is going to400$ and will stay for some time like this. Hope will be700 in a few weeks. BR Gondel Up down, up down, this is the life of BTC for a while. One day it will be stable. |
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Wolf Rainer
Legendary
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Activity: 1960
Merit: 1022
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June 15, 2014, 01:54:49 PM |
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Because i need to sell btc to pay my bills. Please you GOD bitcoin, ask for my whishes!
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CaptainBeck
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June 15, 2014, 01:57:05 PM |
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Because i need to sell btc to pay my bills. Please you GOD bitcoin, ask for my whishes!
There is no God of BTC, only the devil of BTC. |
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boumalo
Legendary
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Activity: 1904
Merit: 1018
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June 15, 2014, 02:35:25 PM |
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Because i need to sell btc to pay my bills. Please you GOD bitcoin, ask for my whishes!
It is very unlikely we will go up to 700$ but it is possible I don't want to kill all your dreams and hopes Try to earn more fiat not to touch your BTC stash next month |
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Wolf Rainer
Legendary
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Activity: 1960
Merit: 1022
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June 15, 2014, 02:37:39 PM |
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Because i need to sell btc to pay my bills. Please you GOD bitcoin, ask for my whishes!
It is very unlikely we will go up to 700$ but it is possible I don't want to kill all your dreams and hopes Try to earn more fiat not to touch your BTC stash next month I earn my fiats with bitcoins, i work online, lol. |
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ejinte
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June 15, 2014, 03:03:28 PM |
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No this wont make any major price changes. It's good news but nothing that will make people buy coins. Not this alone at least. |
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Gianluca95
Legendary
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Activity: 1582
Merit: 1196
Reputation first.
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June 15, 2014, 03:09:50 PM |
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Surely is a good news but, is too much soon to say that bitcoin price will rise to 700$ tomorrow.
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boumalo
Legendary
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Activity: 1904
Merit: 1018
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June 15, 2014, 10:37:57 PM |
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Surely is a good news but, is too much soon to say that bitcoin price will rise to 700$ tomorrow.
I can wait a few weeks for that; 700$ will just be the starting point to go to 1000$ then higher |
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keithers
Legendary
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Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
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June 16, 2014, 12:59:03 AM |
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If apple started accepting for everything and launched their own super fast low rates exchange, that would get $700 but we all dream.
Or if Obama announced " Start buying bitcoin or you are going to die!" Obama is starting to accept btc for obamacare premiums... Lol |
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counter
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June 16, 2014, 02:13:37 AM |
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I have to say this is some great news indeed and the timing well let's just say I'm not complaining hahaha. Two excellent pieces of news that would have been huge not very long ago almost feels like "the norm". The price is isn't really what matters most but instead the adoption is key for overall success. |
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