Billionaires dumping stocks, what will it mean for btc?

empoweoqwj

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Quote from: battlescars on January 04, 2014, 11:10:25 PM

So if im correct basically , the more fiat converted into BTC the higher it rises, does it matter if many people buy the btc
or if one person buys the btc, what are some other factors that lead to the price goin UP or DOWN

"People" don't matter at all in that respect. Its capital inflow, that's all.

battlescars

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So if im correct basically , the more fiat converted into BTC the higher it rises, does it matter if many people buy the btc
or if one person buys the btc, what are some other factors that lead to the price goin UP or DOWN

empoweoqwj

hero member

Activity: 518

Merit: 500

Quote from: battlescars on January 04, 2014, 09:58:23 PM

im not sure what it means for bitcoin reading some responses here its more interesting but doesnt bitcoin price
depend on people being aware of it? meaning if more people get into bitcoin price of bitcoin will rise and if less
people or if people leave bitcoin price drops? is this true or what?

The price rises when money comes into the market.

Awareness is a factor that can lead to money entering the market.

battlescars

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im not sure what it means for bitcoin reading some responses here its more interesting but doesnt bitcoin price
depend on people being aware of it? meaning if more people get into bitcoin price of bitcoin will rise and if less
people or if people leave bitcoin price drops? is this true or what?

empoweoqwj

hero member

Activity: 518

Merit: 500

Quote from: AmericanBit on January 04, 2014, 06:04:22 PM

They have been saying that for months. But a market crash would be awesome for bitcoin. It would remind people there is no one you can trust anyway so why not go bitcoin. At least no one can make anymore of it

Yep. You can add "stock market crash" to the long list of things that would cause bitcoin price to skyrocket Wink

Interjekcion

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All the smart money is being quietly pulled. Ben Bernanke knew what 2014 had in store for him. That's partly why he resigned I think.

gl hf Mrs.Yellen

hennessyhemp

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Hempire Loading...

I fell for that too...even posted about it. Truth is Billionaires buy and sell quite a bit, and often, so what they are saying is simply a sensationalized and dramatized telling in the hopes that you'll buy the stock the ad at the bottom is promoting.

I have been under the belief that we have hit a triple top reversal point with the S&P 500. This was a conclusion I reached the day I learned what a triple top reversal was, and while I found further evidence of it in sensationalized articles like the one you described, I simply looked at a long term view of the S&P500 and it was right there. Apparently Bernacke and QE are steering the markets upward right now...curious to see what happens if they lose grip of the reigns.

bitmagi

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Quote from: jballs on January 04, 2014, 06:07:05 PM

That is not an article it is a spam advertisement for the shitty newsletter at the end of the piece. It is not from this week it from 6 months ago or maybe last year.

You got newsmax equivalent of "this one weird trick".

Yeah, after doing some more searching it appears you are right, I didn't watch the video at the end. My mistake.

jballs

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That is not an article it is a spam advertisement for the shitty newsletter at the end of the piece. It is not from this week it from 6 months ago or maybe last year.

You got newsmax equivalent of "this one weird trick".

AmericanBit

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They have been saying that for months. But a market crash would be awesome for bitcoin. It would remind people there is no one you can trust anyway so why not go bitcoin. At least no one can make anymore of it

bitmagi

newbie

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Interesting article I read yesterday regarding Soros, Buffet and other billionaires dumping stocks in anticipation of the effects of fed pumping. Curious what this means for bitcoin. Thoughts?

http://www.newsmax.com/Outbrain/billionaires-dump-economist-stocks/2012/08/29/id/450265

Topic: Billionaires dumping stocks, what will it mean for btc? (Read 1877 times)