Bitcoin 2013 conference is this week

Miz4r

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Activity: 1246

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Quote from: notme on May 17, 2013, 05:18:17 PM

Quote from: Miz4r on May 17, 2013, 05:13:57 PM

Quote from: capsqrl on May 17, 2013, 12:08:05 PM

Quote from: Newscastix on May 14, 2013, 05:33:42 AM

There still can be announcements/launches that are not known yet....

Well, surprise - they are going to announce a new politically autonomous region that will recognize cryptocurrencies. The price jump to 121 could be a reaction to this.

LOL I doubt it, barely anyone knows this yet and judging from that thread people are quite sceptical about the idea. I think it could be an interesting experiment, but it's not an immediate bye signal for me.

But is it a buy signal?

Haha, maybe, everything is a buy signal for me. Tongue

notme

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Activity: 1904

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Quote from: Miz4r on May 17, 2013, 05:13:57 PM

Quote from: capsqrl on May 17, 2013, 12:08:05 PM

Quote from: Newscastix on May 14, 2013, 05:33:42 AM

There still can be announcements/launches that are not known yet....

Well, surprise - they are going to announce a new politically autonomous region that will recognize cryptocurrencies. The price jump to 121 could be a reaction to this.

LOL I doubt it, barely anyone knows this yet and judging from that thread people are quite sceptical about the idea. I think it could be an interesting experiment, but it's not an immediate bye signal for me.

But is it a buy signal?

Miz4r

legendary

Activity: 1246

Merit: 1000

Quote from: capsqrl on May 17, 2013, 12:08:05 PM

Quote from: Newscastix on May 14, 2013, 05:33:42 AM

There still can be announcements/launches that are not known yet....

Well, surprise - they are going to announce a new politically autonomous region that will recognize cryptocurrencies. The price jump to 121 could be a reaction to this.

LOL I doubt it, barely anyone knows this yet and judging from that thread people are quite sceptical about the idea. I think it could be an interesting experiment, but it's not an immediate bye signal for me.

notme

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Activity: 1904

Merit: 1002

Quote from: dancingnancy on May 17, 2013, 04:23:29 PM

Does anyone know what is going on yet during this thing? Has it started yet, even? Is there a thread dedicated to this? I couldn't find one..

http://www.bitcoin2013.com/index.html
http://www.bitcoin2013.com/topics--schedule.html

dancingnancy

hero member

Activity: 661

Merit: 500

Does anyone know what is going on yet during this thing? Has it started yet, even? Is there a thread dedicated to this? I couldn't find one..

capsqrl

sr. member

Activity: 444

Merit: 250

Quote from: Newscastix on May 14, 2013, 05:33:42 AM

There still can be announcements/launches that are not known yet....

Well, surprise - they are going to announce a new politically autonomous region that will recognize cryptocurrencies. The price jump to 121 could be a reaction to this.

wildbud

sr. member

Activity: 280

Merit: 250

I wish I was going ... I am only 2 hours away also

Newscastix

sr. member

Activity: 349

Merit: 250

Quote from: lysr on May 14, 2013, 05:29:48 AM

No effect at all.
It is not a secret meeting, everyone knows about it months ago.
The people who believe it has any effect on the price have already adjusted to it and people who don't know about it probably don't care about it at all.

There still can be announcements/launches that are not known yet....

If everything is known including content of the keynotes, etc then there would be no need for a conference.

It might have an effect but not necessarily a big one. We'll see...

lysr

member

Activity: 161

Merit: 11

No effect at all.
It is not a secret meeting, everyone knows about it months ago.
The people who believe it has any effect on the price have already adjusted to it and people who don't know about it probably don't care about it at all.

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

An overhyped conference that does not produce what is hyped up results in a lower price.

This conference does not seem to be overhyped (or hyped much at all).

If some new technologies are announced it should give a slight bump to bitcoin. Especially in regards to a way to pay in brick and mortar stores with some sort of bitcoin card.

BitPay will be announcing the numbers for Gyft usage after their initial week. This should be newsworthy.

notme

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Merit: 1002

Quote from: Cubic Earth on May 13, 2013, 05:09:18 PM

Quote from: notme on May 13, 2013, 04:22:01 PM

If you don't think large players have USD reserves to buy the dips, you are short sighted.

Of course they have reserves of USD, but not large reserves. Maybe some millions, but that's not enough to protect against a crash. When the Winklevii twins are giving there keynote(s) - maybe that is the moment for the bears to attack. Satoshi having $100M worth more bitcoins is not the same as having $100M he can buy bitcoins with. All Satoshi could do is stop the price from going higher. All Bill Gates could do is stop the price from going down. At this moment in bitcoin history with the market cap the size it is, there are very few people, if anyone, who has enough BTC and USD to control BOTH up AND down of the price.

If you have millions of dollars in bitcoins it would only be prudent to keep some USD at the ready to support the value of your holdings. You may be right that there are some noneconomical types who wound up with too many bitcoins, but there are quite a few large holders with some risk management sense.

Cubic Earth

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Quote from: notme on May 13, 2013, 04:22:01 PM

If you don't think large players have USD reserves to buy the dips, you are short sighted.

Of course they have reserves of USD, but not large reserves. Maybe some millions, but that's not enough to protect against a crash. When the Winklevii twins are giving there keynote(s) - maybe that is the moment for the bears to attack. Satoshi having $100M worth more bitcoins is not the same as having $100M he can buy bitcoins with. All Satoshi could do is stop the price from going higher. All Bill Gates could do is stop the price from going down. At this moment in bitcoin history with the market cap the size it is, there are very few people, if anyone, who has enough BTC and USD to control BOTH up AND down of the price.

notme

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Quote from: Cubic Earth on May 13, 2013, 01:50:37 PM

Quote from: ?? on ??

In my mind the conference will help raise the value of bitcoin slightly (3-7%) but also if there was a time for a large holder to make a play at "doubling" down with a large selloff (50k BTCs or more) then buying right back in this would be the time to do it as some of the major players are at work groups.

The large players you speak of, they all have lots of BTC, not lots of USD. So the main way they could swing the price would be down, with a large sells. I don't see how it would be an ideal time for someone to dump BTC in an attempt to cause price crash. That would be when all of the USD are tied up in a conference.

If you don't think large players have USD reserves to buy the dips, you are short sighted.

Melbustus

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Should be a good meetup of entrepreneurs, techies, VCs, media, and general bitcoin and tech enthusiasts. Regardless of whether or not any huge announcements are made at the conference directly, I'm confident that relationships, ideas, and potentially companies will be formed out of it that'll contribute to wider adoption and a better ecosystem down the road.

bitster

newbie

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I think it will give the price a boost hopefully some positive press out of the event.

Carl Junior

newbie

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Conferences don't affect the price. Pump and dump does and so do the bots and Mt.Cox lag. But something is going on already. This stable price is just a calm before the storm.

BitChick

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Quote from: Piper67 on May 13, 2013, 02:00:47 PM

Less pre-hype equals more actual forward movement in my estimation.

Interesting observation.

Cubic Earth

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Merit: 1020

I think the conference will have a positive effect on price. BTC really started to take off after the Consumer Electronics Show in Vegas where there was a bitcoin booth and a few announcements were made. It wasn't much, but people always wonder what 'backs' bitcoin. Here on this forum we tend to understand the true nature of what backs it, but for most people out there, seeing hundreds of smart tech people and venture capitalists gather in the name of bitcoin may help boost their confidence. Even just that people are willing to show their faces in public may help take some of the dark mystery out of it all.

Bitcoin can be thought of like a company, but most employees have never met each other, or just one or two. A little face time can inspire people even more than they are now.

Piper67

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Unlike previous conferences, where there was a tremendous amount of hype before and a faint echo of "Pattaya" right after, there's been remarkably little pre-conference hype here.

Maybe the organisers have got this one right, after all. If I were a betting man, I'd be looking to get some interesting announcements out of this one. There have been some really interesting developments lately, and any of those (plus a few others that one can easily think of), would be a good starting point for a conference announcement.

It's obviously possible that nothing new will come of it. But somehow, on this occasion, I don't think that will be the case. Less pre-hype equals more actual forward movement in my estimation.

Cubic Earth

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Activity: 1176

Merit: 1020

Quote from: ?? on ??

In my mind the conference will help raise the value of bitcoin slightly (3-7%) but also if there was a time for a large holder to make a play at "doubling" down with a large selloff (50k BTCs or more) then buying right back in this would be the time to do it as some of the major players are at work groups.

The large players you speak of, they all have lots of BTC, not lots of USD. So the main way they could swing the price would be down, with a large sells. I don't see how it would be an ideal time for someone to dump BTC in an attempt to cause price crash. That would be when all of the USD are tied up in a conference.

Topic: Bitcoin 2013 conference is this week (Read 2400 times)