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Author Topic: Who didn't see this coming?  (Read 1623 times)
panju1
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July 19, 2015, 12:56:20 PM
 #21

It's kinda funny. The amount of Chinese stock lost in a day was near the entire Bitcoin's marketcap. If anything, this could tell you how insanely undervalued Bitcoin is. Once all that fiat starts flowing in into the Bitcoin ecosystem we'll have some unparalleled shit going on. This is a game of moving fiat into Bitcoin and there's a lot more fiat out there that wants to get into Bitcoin than people wanting to convert their BTC into fiat.

Your numbers seem to be mixed up. Bitcoin's market cap is only $4Bn, which is small change compared to China's stock market cap.
China's richest man lost $15 Bn (4 times the market cap of Bitcoin) in just 1 hour.

http://money.cnn.com/2015/05/21/investing/china-hanergy-stock-plunge/

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July 19, 2015, 02:04:50 PM
 #22

Honestly i did not see it coming, after a long period of boredom in ~230 range i was actually exited so see it finally touch 300$, but i guess the party is over now. The train wont be leaving any time soon.
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July 19, 2015, 06:40:45 PM
 #23

Honestly i did not see it coming, after a long period of boredom in ~230 range i was actually exited so see it finally touch 300$, but i guess the party is over now. The train wont be leaving any time soon.

You and I have no idea if the train will stay within 230 range or not. The thing is, if it stays, it's good news for anyone with grey matter and not enough BTCs to call it a day and just wait and hold. Those of us that barely have a couple should be welcoming any day of a low stable price, it just means another day where you can make more BTC easier than if it was 4+ figures.

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