we are in phase 3(venture capital) stage, next is wallstreet then mass adoption

[simon28]

I have a feeling we're going to see a surge of gold bugs get into crypto when they see us starting getting closer to $1000 again

If you listen near the end of this talk Rubino starts talking about BTC as being complementary to gold as a wealth transfer system. (Keep in mind these are gold bugs who admittedly are still suspicious of Bitcoin yet are still willing to support it)

https://www.youtube.com/watch?v=x6-4uSJYneM

There's alot more money waiting on the sidelines than we think  

Yup, 1K is the magic moment of trust solidification. People will realize no matter how bad things may seem, the big picture is UP and they will all rush to get in before it goes higher. The Wall Street and big Gold holders will get in sky rocketing the price, then the boat missers (mainstream) will try to get in in smaller amounts as well.

Wall Street people make a living gambling on stuff. They will probably eat little guys alive if they get involved.

[Chris_Sabian]

I have a feeling we're going to see a surge of gold bugs get into crypto when they see us starting getting closer to $1000 again

If you listen near the end of this talk Rubino starts talking about BTC as being complementary to gold as a wealth transfer system. (Keep in mind these are gold bugs who admittedly are still suspicious of Bitcoin yet are still willing to support it)

https://www.youtube.com/watch?v=x6-4uSJYneM

There's alot more money waiting on the sidelines than we think  

Yup, 1K is the magic moment of trust solidification. People will realize no matter how bad things may seem, the big picture is UP and they will all rush to get in before it goes higher. The Wall Street and big Gold holders will get in sky rocketing the price, then the boat missers (mainstream) will try to get in in smaller amounts as well.

Wall Street people make a living gambling on stuff. They will probably eat little guys alive if they get involved.

Don't you mean WHEN Wall street people get involved.  Once there is the some regulation, Wall Street will be all over it.  Since bitcoin market capitalization is ~$7 billion, that is too small for Wall Street to get involved.  They want hundreds of billions or trillions.

[Ayers]

According to Barry Silbert ... phase 4(wallstreet) is expected this year then phase 5 - global mass adoption in 12-24 months   ... continue holding

The Evolving Digital Commerce Ecosystem (Warden, Barhydt, Hill, Silbert) - Exponential Finance 2014
http://www.youtube.com/watch?v=UIPvQ1_pvGs

as expected, the bitcoin price will skyrocket in 2016 with his halving

[botany]

I have a feeling we're going to see a surge of gold bugs get into crypto when they see us starting getting closer to $1000 again

If you listen near the end of this talk Rubino starts talking about BTC as being complementary to gold as a wealth transfer system. (Keep in mind these are gold bugs who admittedly are still suspicious of Bitcoin yet are still willing to support it)

https://www.youtube.com/watch?v=x6-4uSJYneM

There's alot more money waiting on the sidelines than we think  

Yup, 1K is the magic moment of trust solidification. People will realize no matter how bad things may seem, the big picture is UP and they will all rush to get in before it goes higher. The Wall Street and big Gold holders will get in sky rocketing the price, then the boat missers (mainstream) will try to get in in smaller amounts as well.

Wall Street people make a living gambling on stuff. They will probably eat little guys alive if they get involved.

Don't you mean WHEN Wall street people get involved.  Once there is the some regulation, Wall Street will be all over it.  Since bitcoin market capitalization is ~$7 billion, that is too small for Wall Street to get involved.  They want hundreds of billions or trillions.

And leveraged options, to multiply that small gain into exorbitant amounts. 

[exocytosis]

Wallstreet is getting in again? How many times now already?
Yet the price keeps dropping.

Translated: I did not watch the video but just like to make random FUD posts.

It's not FUD. It's facts. According to the bulltards last December (i.e. nearly every user on these boards), Wall Street would be all over BTC by February 2014, and now in August we'd have prices of at least 10k.

It didn't happen. And it never will. Deal with it.

[dropt]

It's not FUD. It's facts. According to the bulltards last December (i.e. nearly every user on these boards), Wall Street would be all over BTC by February 2014, and now in August we'd have prices of at least 10k.

It didn't happen. And it never will. Deal with it.

Blah blah blah, and people said BTC would never hit $1000.  Ergo: you're dumb.

[Biodom]

I think that we are at gov confusion stage, not wall street stage, and it shows in price.

[Ayers]

It's not FUD. It's facts. According to the bulltards last December (i.e. nearly every user on these boards), Wall Street would be all over BTC by February 2014, and now in August we'd have prices of at least 10k.

It didn't happen. And it never will. Deal with it.

Blah blah blah, and people said BTC would never hit $1000.  Ergo: you're dumb.

but it's true that the more you rise the more hard will become, we need a serious adoption

[AceWallen]

There's alot more money waiting on the sidelines than we think  

this is probably true, but how will it enter the market? when? i don't think most investors -- even retail investors -- have any interest into putting money on these exchanges, especially after Gox. we need the ETF.... and that could be a while.

The money can bet on either direction and not just long as most users here assume.

that's a good point that i hadn't thought about. do you think Wall Street is gonna short the crap out of the market when COIN is traded on NASDAQ? that would be an interesting turn of events.

[lay785]

And the Average Joe would need incentives to acquire and use BTC.

http://www.coindesk.com/coinbase-merchants-offer-25-discounts-bitcoin-purchases/
http://www.reddit.com/r/Bitcoin/comments/2arinq/save_10_at_newegg_by_using_bitcoin/
http://www.techtimes.com/articles/10854/20140722/dell-now-accepting-bitcoin-as-payment-discount-on-alienware-products.htm

is 10% LESS not a discount for you? Crowds are running over each other on black friday at walmart.
if you use coinbase to pay, you can replenish your btc at the end of the transaction.

At least 10% off of all Amazon purchases at purse.io too.

You have a lot of risks when using purse.io to buy things with BTC. If the person on the other side of the transaction is using a stolen credit card then you would, at the very least be looked at for credit card fraud, and could potentially be charged with using a stolen credit card.

Why would you get charged with fraud. Some person purchased your wishlist. They cant prove that the fraud occurred from your IP address and that you did it. End of story. To charge you they need evidence. I dont see any.

[BrewCrewFan]

It's not FUD. It's facts. According to the bulltards last December (i.e. nearly every user on these boards), Wall Street would be all over BTC by February 2014, and now in August we'd have prices of at least 10k.

It didn't happen. And it never will. Deal with it.

Blah blah blah, and people said BTC would never hit $1000.  Ergo: you're dumb.

Ha... or 200 or 100 or 50.... people like that have such little faith.

When governments start seizing bank accounts to help fund socialist utopias, more people will start to flock elsewhere.

[zymafluo]

When we will reach the mass adoption phase, the price of bitcoin will be about 15,000 / 20,000$, but probably I'm too pessimist.

[exocytosis]

When governments start seizing bank accounts to help fund socialist utopias, more people will start to flock elsewhere.

And when banks start refusing people to transfer fiat to Bitcoin exchanges, how can people buy Bitcoins?

[discodancer]

In tech terms we are at the 2001 tech craze, a time when people couldnt tell tech stocks apart. Similarly, nowadays many of the VCs are throwing money at some of the ideas which are nothing short of atrocious.

[Teppino]

When governments start seizing bank accounts to help fund socialist utopias, more people will start to flock elsewhere.

And when banks start refusing people to transfer fiat to Bitcoin exchanges, how can people buy Bitcoins?

if people wants to buy (which we will see in the future) banks can't do anything to avoid it, because in doing so they will paint themselves as evil and will be easily substituded with a more friendlier bank. If the latter is not yet born, it will.

I think the banks war on bitcoin will be made mostly over propaganda

[Chris_Sabian]

When governments start seizing bank accounts to help fund socialist utopias, more people will start to flock elsewhere.

And when banks start refusing people to transfer fiat to Bitcoin exchanges, how can people buy Bitcoins?

if people wants to buy (which we will see in the future) banks can't do anything to avoid it, because in doing so they will paint themselves as evil and will be easily substituded with a more friendlier bank. If the latter is not yet born, it will.

I think the banks war on bitcoin will be made mostly over propaganda

Once bitcoin becomes popular enough, you won't have to use a bank.  You will just use bitcoin to buy stuff that you want/need.

[itsAj]

And the Average Joe would need incentives to acquire and use BTC.

http://www.coindesk.com/coinbase-merchants-offer-25-discounts-bitcoin-purchases/
http://www.reddit.com/r/Bitcoin/comments/2arinq/save_10_at_newegg_by_using_bitcoin/
http://www.techtimes.com/articles/10854/20140722/dell-now-accepting-bitcoin-as-payment-discount-on-alienware-products.htm

is 10% LESS not a discount for you? Crowds are running over each other on black friday at walmart.
if you use coinbase to pay, you can replenish your btc at the end of the transaction.

At least 10% off of all Amazon purchases at purse.io too.

You have a lot of risks when using purse.io to buy things with BTC. If the person on the other side of the transaction is using a stolen credit card then you would, at the very least be looked at for credit card fraud, and could potentially be charged with using a stolen credit card.

Why would you get charged with fraud. Some person purchased your wishlist. They cant prove that the fraud occurred from your IP address and that you did it. End of story. To charge you they need evidence. I dont see any.

The evidence would be that a stolen credit card was used and you received benefits from the use of it. Yes you would have given bitcoin to receive these goods, but it could be argued that you were behind both sides of the transaction.