116 million | Bitcointalksearch.org

tokeweed

legendary

Activity: 3976

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Life, Love and Laughter...

Quote from: Hazir on April 10, 2015, 12:32:47 PM

Quote from: brokenchair on April 10, 2015, 12:25:27 PM

http://www.coindesk.com/21-record-116-million-funding-all-star-investors/

Get ready for the "They don't believe in bitocin because they did not buy bitcoin directly" spamming Roll Eyes

The sad part is that it probably cause little movement. And people just won't react to positive news at all. I feel like our community only reacts to bad or pseudo-bad news and just miss the great and groundbreaking positive news... Price of bitcoin can be good indicator of this trend.

What!?

How is it that a falling price is the fault of the community? Because we're scared to lose money on a falling Bitcoin?? Is the falling price even our fault and what we want in the first place?

Just let the price take care of itself. That's outside the community's control.

ashour

sr. member

Activity: 490

Merit: 250

Quote from: maku on April 10, 2015, 03:28:47 PM

Quote from: gentlemand on April 10, 2015, 02:48:39 PM

Quote from: maku on April 10, 2015, 02:35:19 PM

Majority of bitcoins (around 75% of all bitcoins as of now) is now in Chinese hands so I imagine that they do not care about PayPal that much. They have local equivalent services. I am not sure if PayPal even available in China.

What's the basis for that figure? The really large amounts in individual hands will have been mined long before China ever knew about Bitcoin.

If you're basing it off exchange volume, we all know how skewed they are in China because of zero fees and probable outright lies. There's probably no shortage of foreigners using them too.

I'm sure a big proportion of coins are in Chinese hands, but the reality is probably more modest than many think.

I based my estimates on this information: http://qz.com/359679/80-of-bitcoin-is-exchanged-into-and-out-of-chinese-yuan/
and this http://www.coindesk.com/yuan-trades-now-make-70-bitcoin-volume/
Also there are many other articles around the web that point me toward this conclusion.

I'm really interested to see on what they are going to use all the funds. I mean 116 million isn't pocket change, its a huge funding and they should make the best product with that amount for funding.

LiteCoinGuy

legendary

Activity: 1148

Merit: 1011

In Satoshi I Trust

Quote from: brokenchair on April 10, 2015, 12:25:27 PM

http://www.coindesk.com/21-record-116-million-funding-all-star-investors/

Get ready for the "They don't believe in bitocin because they did not buy bitcoin directly" spamming Roll Eyes

take some time and study this:

http://www.coindesk.com/state-of-bitcoin-q1-2015-record-investment-buoys-ecosystem/

Somekindabitcoin

hero member

Activity: 518

Merit: 500

I could have sworn it was more than 116 million. Saw this post I think a few weeks ago that it was 166 million including IBM's contribution.

Q7

sr. member

Activity: 448

Merit: 250

Well, the size of funding speaks for itself. If weren't because of what bitcoin technology has to offer, I'm sure nobody would be putting that sum of money for investment. It's been a month now since the announcement, just hope that by now they would have come out with something.

gentlemand

legendary

Activity: 2590

Merit: 3014

Welt Am Draht

Quote from: maku on April 10, 2015, 03:28:47 PM

I based my estimates on this information: http://qz.com/359679/80-of-bitcoin-is-exchanged-into-and-out-of-chinese-yuan/
and this http://www.coindesk.com/yuan-trades-now-make-70-bitcoin-volume/
Also there are many other articles around the web that point me toward this conclusion.

Quoting from the coindesk article

"In September 2013, approximately one CNY trade was carried out per three USD trades. At the moment, the situation is quite different, as CNY accounts for more than two thirds of all deals and on most days it outpaces the dollar by a ratio of at least 1:3."

Every single USD trade, apart from the occasional special offer, is subject to a fee. It's inevitable that there'll be less of them because it costs to buy and sell.

If it doesn't cost you a bean to switch between BTC and CNY then you'll be trading like a mad person.

That's trade volume, not coin ownership. It could be one coin being batted around thousand of times a second.

maku

legendary

Activity: 1288

Merit: 1000

Quote from: gentlemand on April 10, 2015, 02:48:39 PM

Quote from: maku on April 10, 2015, 02:35:19 PM

Majority of bitcoins (around 75% of all bitcoins as of now) is now in Chinese hands so I imagine that they do not care about PayPal that much. They have local equivalent services. I am not sure if PayPal even available in China.

What's the basis for that figure? The really large amounts in individual hands will have been mined long before China ever knew about Bitcoin.

If you're basing it off exchange volume, we all know how skewed they are in China because of zero fees and probable outright lies. There's probably no shortage of foreigners using them too.

I'm sure a big proportion of coins are in Chinese hands, but the reality is probably more modest than many think.

I based my estimates on this information: http://qz.com/359679/80-of-bitcoin-is-exchanged-into-and-out-of-chinese-yuan/
and this http://www.coindesk.com/yuan-trades-now-make-70-bitcoin-volume/
Also there are many other articles around the web that point me toward this conclusion.

gentlemand

legendary

Activity: 2590

Merit: 3014

Welt Am Draht

Quote from: maku on April 10, 2015, 02:35:19 PM

Majority of bitcoins (around 75% of all bitcoins as of now) is now in Chinese hands so I imagine that they do not care about PayPal that much. They have local equivalent services. I am not sure if PayPal even available in China.

What's the basis for that figure? The really large amounts in individual hands will have been mined long before China ever knew about Bitcoin.

If you're basing it off exchange volume, we all know how skewed they are in China because of zero fees and probable outright lies. There's probably no shortage of foreigners using them too.

I'm sure a big proportion of coins are in Chinese hands, but the reality is probably more modest than many think.

crazyivan

legendary

Activity: 1652

Merit: 1007

DMD Diamond Making Money 4+ years! Join us!

This is definitely going to be a record year regarding VC going into BTC start-ups.

http://www.coindesk.com/state-of-bitcoin-q1-2015-record-investment-buoys-ecosystem/

ChuckBuck

hero member

Activity: 1372

Merit: 783

better everyday ♥

Quote from: maku on April 10, 2015, 02:35:19 PM

Quote from: ChuckBuck on April 10, 2015, 02:30:32 PM

Quote from: randy8777 on April 10, 2015, 02:23:57 PM

at the time this article was published in march the market didn't even react properly while it was fantastic news. if such news won't get people excited, what else will?

Something pretty significant, like really really significant. Like talk about it in the news for days significant.

Paypal finally rolled out it's Bitcoin payments integration, and not even a peep from the market....

https://www.cryptocoinsnews.com/bitcoin-price-not-advancing-paypal-announcement/

Majority of bitcoins (around 75% of all bitcoins as of now) is now in Chinese hands so I imagine that they do not care about PayPal that much. They have local equivalent services. I am not sure if PayPal even available in China.

Although most of the exchange volume is in China (BTC China, OKCoin, Huobi, etc), most of the innovation, startup companies, and burgeoning regulatory framework is happening in the United States.

BitPay, Coinbase, Bitcoin Investment Trust, COIN ETF, Gemini Exchange, NY Bitlicense, and of course aforemented in this thread company 21 inc.

https://21.co/

Bobsurplus

legendary

Activity: 1008

Merit: 1000

Making money since I was in the womb! @emc2whale

Reading this article I've realized that holding some cold wallets for the next ten years makes the most sense.
Go bitcoin go...

But no pump will come of this... We are heading to the low 200's any day now and the pumpers are the dumpers these days.

maku

legendary

Activity: 1288

Merit: 1000

Quote from: ChuckBuck on April 10, 2015, 02:30:32 PM

Quote from: randy8777 on April 10, 2015, 02:23:57 PM

at the time this article was published in march the market didn't even react properly while it was fantastic news. if such news won't get people excited, what else will?

Something pretty significant, like really really significant. Like talk about it in the news for days significant.

Paypal finally rolled out it's Bitcoin payments integration, and not even a peep from the market....

https://www.cryptocoinsnews.com/bitcoin-price-not-advancing-paypal-announcement/

Majority of bitcoins (around 75% of all bitcoins as of now) is now in Chinese hands so I imagine that they do not care about PayPal that much. They have local equivalent services. I am not sure if PayPal even available in China.

humpty.dumpty

newbie

Activity: 7

Merit: 0

Got to walk before you can run ....

ensurance982

hero member

Activity: 518

Merit: 500

Trust me!

Well, fine with me putting money into building the technology. As long as this money is flowing, I'm not really worried about BTC's future. Slow accumulating happening? Hell, yes it is!

ChuckBuck

hero member

Activity: 1372

Merit: 783

better everyday ♥

Quote from: randy8777 on April 10, 2015, 02:23:57 PM

at the time this article was published in march the market didn't even react properly while it was fantastic news. if such news won't get people excited, what else will?

Something pretty significant, like really really significant. Like talk about it in the news for days significant.

Paypal finally rolled out it's Bitcoin payments integration, and not even a peep from the market....

https://www.cryptocoinsnews.com/bitcoin-price-not-advancing-paypal-announcement/

randy8777

legendary

Activity: 896

Merit: 1000

at the time this article was published in march the market didn't even react properly while it was fantastic news. if such news won't get people excited, what else will?

gentlemand

legendary

Activity: 2590

Merit: 3014

Welt Am Draht

Quote from: Hazir on April 10, 2015, 12:32:47 PM

Quote from: brokenchair on April 10, 2015, 12:25:27 PM

http://www.coindesk.com/21-record-116-million-funding-all-star-investors/

Get ready for the "They don't believe in bitocin because they did not buy bitcoin directly" spamming Roll Eyes

The sad part is that it probably cause little movement. And people just won't react to positive news at all. I feel like our community only reacts to bad or pseudo-bad news and just miss the great and groundbreaking positive news... Price of bitcoin can be good indicator of this trend.

That's the key bit. In an ideal world this present community will become a complete and utter irrelevance as Bitcoin spreads. No VC is investing to make it easier for us lot to use. It's for everyone else out there.

ToQcHista

member

Activity: 98

Merit: 10

ToQcHista

this new what is ?

ChuckBuck

hero member

Activity: 1372

Merit: 783

better everyday ♥

Quote from: ToQcHista on April 10, 2015, 01:05:14 PM

bitcoin's will sell ?

No. Tie your penis around a rope and throw it on a Bitcoin rocket, and it will go to the moon!

ToQcHista

member

Activity: 98

Merit: 10

ToQcHista

bitcoin's will sell ?

Topic: 116 million (Read 1200 times)