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Anders (OP)
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September 21, 2014, 06:50:48 PM |
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To speculate a bit, the reason for why the really big investors apparently avoid bitcoin is because:
1. It's too late to get into the bitcoin game. Too many bitcoins in circulation today. Why make the early bitcoin investors trillionaires so that they can dethrone you as a leading financial investor?
2. Can you imagine a big bankster messing with bitcoin paper wallets? I don't think so.
3. Do you think the big professional financial trading systems can be used for investing in bitcoins today?
4. Do you believe the big professional financial traders want to mess with something unregulated?
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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piyany
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September 21, 2014, 07:05:57 PM |
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Because the time to invest was when bitcoin was single and double digits? Now you would be just enriching other early investors who already dumped distributed coins to the "public" ?
All the while the network has ridiculous inflation at current prices and someone has to pay the bills.
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Anders (OP)
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September 21, 2014, 07:18:38 PM |
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Because the time to invest was when bitcoin was single and double digits? Now you would be just enriching other early investors who already dumped distributed coins to the "public" ?
All the while the network has ridiculous inflation at current prices and someone has to pay the bills.
In this thread the presenter in the video talked about how mining is the reason for a falling bitcoin price, not people dumping bitcoins: https://bitcointalk.org/index.php?topic=784830.0I would add to mining the lack of big whales investing in bitcoins as a major cause of a low price. The time to invest could come in the future even for the big whales. If the problems I mentioned in the OP are solved and bitcoin becomes mainstream, then oh my, then there could be huge investments by big whales. So my speculation is only about the current situation. |
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Edward50
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September 21, 2014, 07:28:19 PM |
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I like it, people starting to get it.
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Empty your mind, be formless, shapeless — like water. Now you put water in a cup, it becomes the cup; You put water into a bottle it becomes the bottle; You put it in a teapot it becomes the teapot. Now water can flow or it can crash. Be water, my friend.
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FableOfTheBees
Newbie
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Activity: 14
Merit: 0
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September 21, 2014, 07:28:41 PM |
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I feel bad for the guy who bought those FBI coins above market price...
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scv00
Newbie
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Activity: 56
Merit: 0
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September 21, 2014, 07:34:06 PM |
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Perhaps the reason the FBI wanted to sell them so quickly was because they guessed they would drop in price.
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bananaControl
Sr. Member
Offline
Activity: 322
Merit: 250
Decentralize All The Things!
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September 21, 2014, 07:41:52 PM |
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I feel bad for the guy who bought those FBI coins above market price...
You feel sorry for a rich guy? Why? That is most likely how he got rich in the first place, by taking chances. And who knows, that investment isn't all dead yet. |
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blatchcorn
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September 21, 2014, 07:43:13 PM |
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Three letters: ETF
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nuff
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September 21, 2014, 07:45:44 PM |
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Well they can try to avoid, downplay or even denounce Bitcoin, but you can't stop evolution. Money is evolving, fiat is controlled, losing value, and can be created on a whim. Would you trust something can be infinitely created out of thin air? I don't.
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FableOfTheBees
Newbie
Offline
Activity: 14
Merit: 0
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September 21, 2014, 08:19:51 PM |
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I feel bad for the guy who bought those FBI coins above market price...
You feel sorry for a rich guy? Why? That is most likely how he got rich in the first place, by taking chances. And who knows, that investment isn't all dead yet. It was a joke, but I'd be upset if I were him, regardless of how much money he owns. |
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An amorous cow-herder
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September 21, 2014, 08:20:32 PM |
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Would you trust something can be infinitely created out of thin air? I don't.
Hmm. So, like Bitcoin? Changing block rewards would be simple. What happens if 50%+ of the miners demand higher block rewards? Saying BTC has a fixed money supply is just worth just as much if the head of central bank would say something like "no more new money will be printed in 100 years". |
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Anders (OP)
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September 21, 2014, 08:21:41 PM |
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Well they can try to avoid, downplay or even denounce Bitcoin, but you can't stop evolution. Money is evolving, fiat is controlled, losing value, and can be created on a whim. Would you trust something can be infinitely created out of thin air? I don't.
The really big players are probably just waiting for government regulations to be implemented. And then they will launch their own kickass cryptocurrency and/or start investing in bitcoin like crazy. |
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bigasic
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September 21, 2014, 08:24:35 PM |
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Because the time to invest was when bitcoin was single and double digits? Now you would be just enriching other early investors who already dumped distributed coins to the "public" ?
All the while the network has ridiculous inflation at current prices and someone has to pay the bills.
In this thread the presenter in the video talked about how mining is the reason for a falling bitcoin price, not people dumping bitcoins: https://bitcointalk.org/index.php?topic=784830.0I would add to mining the lack of big whales investing in bitcoins as a major cause of a low price. The time to invest could come in the future even for the big whales. If the problems I mentioned in the OP are solved and bitcoin becomes mainstream, then oh my, then there could be huge investments by big whales. So my speculation is only about the current situation. I mostly agree. When mining was in the hands of your average joe, they usually held on to most, if not all of their coin. Since miners are now big companies that have huge bills to pay, more bitcoins are hitting the market. |
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ArticMine
Legendary
Offline
Activity: 2282
Merit: 1050
Monero Core Team
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September 22, 2014, 02:21:04 AM |
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I feel bad for the guy who bought those FBI coins above market price...
I also remember paying 6.95 CAD per XBT in January 2012 and watching the price drop to 4.38 CAD per XBT in March 2012. It was painful. |
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FableOfTheBees
Newbie
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Activity: 14
Merit: 0
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September 22, 2014, 05:38:02 AM |
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I feel bad for the guy who bought those FBI coins above market price...
I also remember paying 6.95 CAD per XBT in January 2012 and watching the price drop to 4.38 CAD per XBT in March 2012. It was painful. It's always painful to watch the invisible hand do its work. |
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Erdogan
Legendary
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Activity: 1512
Merit: 1005
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September 22, 2014, 11:02:02 AM |
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Because they don't really understand money. They understand polititan-leg-fucking.  |
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piyany
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September 22, 2014, 11:31:07 AM |
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Because they don't really understand money. They understand polititan-leg-fucking.
Money is what the guy with the biggest stick tells you it is. |
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Erdogan
Legendary
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Activity: 1512
Merit: 1005
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September 22, 2014, 12:46:41 PM |
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Because they don't really understand money. They understand polititan-leg-fucking.
Money is what the guy with the biggest stick tells you it is. That's not what my horse shoe transacting friend Klaus says, via my medium to the dead people of medieval Hamburg. |
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Kupsi
Legendary
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Activity: 1193
Merit: 1003
9.9.2012: I predict that single digits... <- FAIL
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September 22, 2014, 12:50:07 PM |
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Would you trust something can be infinitely created out of thin air? I don't.
Hmm. So, like Bitcoin? Changing block rewards would be simple. What happens if 50%+ of the miners demand higher block rewards? Saying BTC has a fixed money supply is just worth just as much if the head of central bank would say something like "no more new money will be printed in 100 years". If 50%+ of the miners demand higher block reward, they can change the protocol and mine on their own fork. The rest of the network will continue to use Bitcoin and the remaining miners will se their profit increase. |
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