ATH coming up? - page 3. | Bitcointalksearch.org

R2Pleasent

full member

Activity: 139

Merit: 100

Owner@ CryptoFundingTracker.com

Quote from: pontiacg5 on December 26, 2013, 04:32:40 PM

Quote from: Boxman90 on December 26, 2013, 04:31:15 PM

So some asian dude invests in a Bitcoin related company.

He did not invest in bitcoin

So he's just doing what we are all doing. Using Bitcoin for fiat profits. Don't delude yourself at this moment with "bitcoin is the next money coming this year". No. It's all speculation and FIAT profits.

What sort of nonsense is this?

His investment is only loosely related to bitcoin price. He is investing in Bitpay, which is a company which derives value from merchants looking to sell the risk associated with accepting a volatile currency. Bitpay will be successful so long as Bitcoin is liquid and volatile. This investment has little correlation with a long position in BTC.

JimboToronto

legendary

Activity: 4200

Merit: 4887

You're never too old to think young.

Let's not get ahead of ourselves with the ATH talk just yet. First we need to get back to 4 digits.

Hitting 800 was a step in the right direction.

pontiacg5

sr. member

Activity: 364

Merit: 250

Quote from: Boxman90 on December 26, 2013, 04:31:15 PM

So some asian dude invests in a Bitcoin related company.

He did not invest in bitcoin

So he's just doing what we are all doing. Using Bitcoin for fiat profits. Don't delude yourself at this moment with "bitcoin is the next money coming this year". No. It's all speculation and FIAT profits.

What sort of nonsense is this?

Ibian

legendary

Activity: 2268

Merit: 1278

There is always another ATH coming up.

Boxman90

hero member

Activity: 518

Merit: 500

So some asian dude invests in a Bitcoin related company.

He did not invest in bitcoin

So he's just doing what we are all doing. Using Bitcoin for fiat profits. Don't delude yourself at this moment with "bitcoin is the next money coming this year". No. It's all speculation and FIAT profits.

Baleinium

newbie

Activity: 49

Merit: 0

Asias richest man has invested in Bitpay as per this article -> http://www.scmp.com/business/banking-finance/article/1390224/bitcoin-service-firms-best-investment-not-virtual-currency
Furthermore, anyone remembers the 400k BTC that started moving a few days ago? With these news so close together it leads me to believe that it might have been due to a deal outside an exchange. It's not outside the realm of possibility that Mr Ka-shing purchased them outside an exchange. We also have to remember that he is very well connected with the Chinese government. Do you think someone like that would invest in Bitcoins if they where to be outlawed in China? I believe that they might have issued a temporary ban to allow high-level investors in China a chance to buy at a great price before pushing it higher.

Thoughts on this? Personally I predict a new ATH within a week. I'm gonna say 1500$ first half of January.

Topic: ATH coming up? - page 3. (Read 2543 times)