The sale is a massive validation of Bitcoins fungibility and legality.
Yea, it will just a little drop but in the next weeks that event will trigger such a bullish run, i mean an official us government auction is something really good to bitcoin.
Topic: Are we still on for July? - page 2. (Read 2624 times)
Yea, it will just a little drop but in the next weeks that event will trigger such a bullish run, i mean an official us government auction is something really good to bitcoin.
I remember reading tons of posts for good news in July (not ATH, but relatively high). Do you guys think its still on, or will August or September be a better time frame. (Not ATH but like 700-900 or so).
Thoughts appreciated.
Thoughts appreciated.
With the news that U.S. Government will sell 30.000 Bitcoin, all of good news doesn't have any sense.
Nobody can know if the price will move on or drop, but I'm confident that price will rise by August
OMG, I can't read it any more...
look at the btc traffic. 30k is NOTHING:
24h global trading volume
฿ 112,274.63
I am panic buying in preparation for July
why would you be panic buying while the price is dropping? do you mean actually market buying? LOL... let those limit orders sit and grab them cheap coins....
This poorly print-screened chart shows where BTC crashed to $85 from ~$127 due to Silkroad being shutdown.... this was right before the last bubble.
I am panic buying in preparation for July
still on for july? you mean $5k in a month, or whatever? no, i don't see that happening. but i was very unconvinced of an incoming bubble even after the rise from 440s, so i guess i'm a skeptic.... still think 550 is a good buy for the short/medium term.
The sale is a massive validation of Bitcoins fungibility and legality.
Until they impose crazy regulation once they rid themselves of Bitcoin.
There is definitely a trend here and its that most mainstream entities are willing to interact with Bitcoin, but just as a means to quickly convert it to Fiat. Even all the recent retailers are just taking it and swapping it for dollars.I unfortunately think that speculation has led to Bitcoin being severely overvalued in the short term. When businesses want to accept and keep Bitcoin it's price will warrant something close to where it is at.
Considering my expectations, I think the US has been very pro Bitcoin from a regulatory standpoint.
Of course businesses will swap BTC for USD at the moment - the technology is new and the price is unstable. Unless you have a Bitcoin advocate CEO, no business will remain in BTC after the sale.
This will hopefully change in a number of years time as adoptance grows, but we have to move through a process first.
Will bitcoin price fall again below 500 after US government starts selling BTC ?
The sale is a massive validation of Bitcoins fungibility and legality.
Until they impose crazy regulation once they rid themselves of Bitcoin.
There is definitely a trend here and its that most mainstream entities are willing to interact with Bitcoin, but just as a means to quickly convert it to Fiat. Even all the recent retailers are just taking it and swapping it for dollars.I unfortunately think that speculation has led to Bitcoin being severely overvalued in the short term. When businesses want to accept and keep Bitcoin it's price will warrant something close to where it is at.
The sale is a massive validation of Bitcoins fungibility and legality.
Why don't they keep it, so they own a stake in bitcoin for the foreseeable future? (or sell during the next few run ups)
They have to treat it just like any other seized asset and sell it at market rate.
The sale is a massive validation of Bitcoins fungibility and legality.
Why don't they keep it, so they own a stake in bitcoin for the foreseeable future? (or sell during the next few run ups)
The sale is a massive validation of Bitcoins fungibility and legality.
the sale of the SR coins will precede this coming bubble.
But why?
The U.S. government selling BTC is extremely bullish IMO.
Just like the Silk Road bust preceded a bubble, the sale of the SR coins will precede this coming bubble.
Just like the Silk Road bust preceded a bubble, the sale of the SR coins will precede this coming bubble.
I remember reading tons of posts for good news in July (not ATH, but relatively high). Do you guys think its still on, or will August or September be a better time frame. (Not ATH but like 700-900 or so).
Thoughts appreciated.
Thoughts appreciated.
With the news that U.S. Government will sell 30.000 Bitcoin, all of good news doesn't have any sense.
Nobody can know if the price will move on or drop, but I'm confident that price will rise by August
I remember reading tons of posts for good news in July (not ATH, but relatively high). Do you guys think its still on, or will August or September be a better time frame. (Not ATH but like 700-900 or so).
Thoughts appreciated.
Thoughts appreciated.
With the news that U.S. Government will sell 30.000 Bitcoin, all of good news doesn't have any sense.
Nobody can know if the price will move on or drop, but I'm confident that price will rise by August
I remember reading tons of posts for good news in July (not ATH, but relatively high). Do you guys think its still on, or will August or September be a better time frame. (Not ATH but like 700-900 or so).
Thoughts appreciated.
edit: thanks to first post. I forget to mention why I asked the question in the post. The whole selling of the 30k coins and other bs fud is questionable on the impact of the price.
Thoughts appreciated.
edit: thanks to first post. I forget to mention why I asked the question in the post. The whole selling of the 30k coins and other bs fud is questionable on the impact of the price.
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