Another reason for a sustainable rally - page 2.

podyx

legendary

Activity: 2338

Merit: 1035

Quote from: Wind_FURY on December 13, 2016, 11:17:36 PM

Quote from: Biodom on December 13, 2016, 10:51:08 PM

I don't find it useless since they already instantiated two funds.
Lasting a long time=sustainable in my book. I don't know any other definition.
It is certainly not forever if this is what you are getting at. With that, I agree.

When I mentioned "a long time" it means 2 or 3 years. That is not sustainable that is a bubble forming and getting ready to pop when the right time comes. I also mentioned that this is the highest ever amount of margin trading in Bitcoin. How can that can be ever sustainable in your book? In reading your retort, In my book we are close in getting to a stage of mania in the trading cycle.

We've already been in a sustainable uptrend for the latest 1.5 years. Not sure what you're talking about.

Wind_FURY

legendary

Activity: 2898

Merit: 1823

Quote from: Biodom on December 13, 2016, 10:51:08 PM

I don't find it useless since they already instantiated two funds.
Lasting a long time=sustainable in my book. I don't know any other definition.
It is certainly not forever if this is what you are getting at. With that, I agree.

When I mentioned "a long time" it means 2 or 3 years. That is not sustainable that is a bubble forming and getting ready to pop when the right time comes. I also mentioned that this is the highest ever amount of margin trading in Bitcoin. How can that can be ever sustainable in your book? In reading your retort, In my book we are close in getting to a stage of mania in the trading cycle.

RyNinDaCleM

legendary

Activity: 2408

Merit: 1009

Legen -wait for it- dary

When they talk about it, they already bought, and it's never an endless supply of money, so sustainability is temporary at best.

Biodom

legendary

Activity: 3990

Merit: 4597

I don't find it useless since they already instantiated two funds.
Lasting a long time=sustainable in my book. I don't know any other definition.
It is certainly not forever if this is what you are getting at. With that, I agree.

Wind_FURY

legendary

Activity: 2898

Merit: 1823

That is all talk and useless analysis as we have seen in the past. When Bitcoin's price rises we all see the "geniuses" writing anything to join the hype and the bandwagon. When the price drops, those "geniuses" will also be the first ones to write all the negative articles and blogs. Like gold, all of Bitcoin's value leans towards speculative value.

I agree that there is a rally but it is never sustainable. You should be aware that the margin trades made in Bitcoin is at the highest in the history of Bitcoin trading. That is not sustainable but it could last a long time.

Biodom

legendary

Activity: 3990

Merit: 4597

Silicon Valley VCs finally figured out the difference between Internet/Internet companies situation vs Bitcoin/bitcoin companies situation.
I find the following writing pretty remarkable:
https://www.usv.com/blog/fat-protocols

Basically, the author predicts that there is more value in bitcoin protocol/token than in companies derived from it, hence VCs are re-orienting themselves to invest DIRECTLY in tokens AND protocol, first and foremost, rather than derivative companies. First couple of funds already formed.
Hence, they will invest large sums in Bitcoin itself, resulting in bitcoin price rally that would be sustainable.

Topic: Another reason for a sustainable rally - page 2. (Read 1690 times)