wachtwoord
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July 14, 2014, 01:19:31 PM |
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Barry Silbert of SecondMarket also recently said: “I guarantee there will be another bitcoin price bubble.” Money is coming in in the near future, I know people were saying July/August, but its looking like this fall will be when prices start goign up again
Do you have a source? When did he say this? http://www.entrepreneur.com/article/230346"We're three to six months away from Wall Street dollars moving into Bitcoin in a big way," Been a while, it was in December 2013. So that was incorrect (and not recent).
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jcoin200
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July 14, 2014, 01:22:58 PM |
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Barry Silbert of SecondMarket also recently said: “I guarantee there will be another bitcoin price bubble.” Money is coming in in the near future, I know people were saying July/August, but its looking like this fall will be when prices start goign up again
Do you have a source? When did he say this? http://www.entrepreneur.com/article/230346"We're three to six months away from Wall Street dollars moving into Bitcoin in a big way," Been a while, it was in December 2013. So that was incorrect (and not recent). It was from April (fairly recent) and yes it was the exact quote: https://twitter.com/LogoDesign4BTC/status/453530103763730432
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MoreFun
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WePower.red
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July 14, 2014, 01:23:17 PM |
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Barry Silbert of SecondMarket also recently said: “I guarantee there will be another bitcoin price bubble.” Money is coming in in the near future, I know people were saying July/August, but its looking like this fall will be when prices start goign up again
Do you have a source? When did he say this? This one
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N12
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July 14, 2014, 01:23:45 PM |
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The thing with Silbert is, he has an interest in making it happen (to rake in fees for his fund) by telling the world it is actually happening, regardless if this is the truth or not, maybe because he imagines he can help contribute making it happen this way. Meanwhile the reality is that for about 2 months now I think, purchases at SecondMarket have been historically highly lackluster https://bitcointalk.org/index.php?topic=337486.0
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elebit
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July 15, 2014, 07:16:12 AM |
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And they will probably continue to be lackluster, until the bubble suddely is a fact and then everybody and their mother wants in. That's how bubbles work.
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CEG5952
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July 15, 2014, 07:40:34 AM |
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And they will probably continue to be lackluster, until the bubble suddely is a fact and then everybody and their mother wants in. That's how bubbles work. Sure, as far as retail/casual investors go. But smart money is often buying in during low volume/lull times. And I would think SM is one of the places for smart money (that doesn't want to sit money on shady exchanges or buy with slippage) to turn to.
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Raystonn
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July 15, 2014, 06:02:31 PM |
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And they will probably continue to be lackluster, until the bubble suddely is a fact and then everybody and their mother wants in. That's how bubbles work. Sure, as far as retail/casual investors go. But smart money is often buying in during low volume/lull times. And I would think SM is one of the places for smart money (that doesn't want to sit money on shady exchanges or buy with slippage) to turn to. When markets are moving this slow, smart money has time to accumulate in the least visible manner. This means contracts with miners and slow accumulation on exchanges. When the next bubble hits, the dumb money will find out the hard way that supply of coins will be nonexistent. Smart money will already have bought anything available at reasonable prices. Dumb money will be forced to sit on the sidelines or buy in at unreasonable prices.
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CEG5952
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July 15, 2014, 07:20:08 PM |
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And they will probably continue to be lackluster, until the bubble suddely is a fact and then everybody and their mother wants in. That's how bubbles work. Sure, as far as retail/casual investors go. But smart money is often buying in during low volume/lull times. And I would think SM is one of the places for smart money (that doesn't want to sit money on shady exchanges or buy with slippage) to turn to. When markets are moving this slow, smart money has time to accumulate in the least visible manner. This means contracts with miners and slow accumulation on exchanges. Sure, that's what I was saying -- that smart money accumulates during low volume lulls. However, I would expect some of that accumulation to happen through venues like Second Market.
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