Dubai to drive the next boom | Bitcointalksearch.org

STT

legendary

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bitcoin is going to the final capitulation sell or lose everything!

Seems to me the April low could be the despair part of that cycle. The general trend both on the example and real price graph is an overlying rise, the overblown volatility above and below that slow appreciation is the where the speculation and emotional fallout occurs. The best idea is to be involved regularly if possible, not buying once and hold waiting as it can take a while for any real gain or progression to the phenomenon as many 'investments' do

Hunyadi

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Quote from: falllling on September 03, 2014, 12:46:29 AM

Quote from: blade87 on September 02, 2014, 07:38:46 PM

Quote from: itsAj on August 30, 2014, 09:50:11 PM

Quote from: notme on August 29, 2014, 09:29:21 PM

Quote from: wasserman99 on August 29, 2014, 08:02:35 PM

Quote from: blade87 on August 29, 2014, 05:52:18 PM

Dubia will build a mile high tower called Bitcoin Tower. All 200 floors of it will be filled with mining ASICs. Visitors who wish to take the elevators to the moon observation deck will have to pay in Bitcoin. The tower will become with single most profitable structure per (footprint) square foot ever known to mankind. They will then proceed to build more of these towers, fueling the Bitcoin price to $1,000,000 each and beyond.

I don't think these kinds of towers would have much effect on the price of bitcoin. They would, if really built the way you propose would certainly cause the difficulty to go up a lot. Although I am not sure how profitable this would actually be as it is very hot in Dubai.

If designed properly, they could use the rising heat to draw air in at the lower levels, creating a nice breeze toward the tower for everyone around it to enjoy.

You are correct that hot air rises, but hot air blowing on you will not have the same effect as a "breeze" also from this description the building will not be occupied by many people (likely only people who manage the ASICs).

Either way it would likely not be profitable with or without cooling costs.

Well then they will just have to keep building taller and taller towers to utilize cooler air at higher altitudes. The mile high one is just the first one. It will end when one of these towers actually physically touches the moon! Then there will be no denying the fact ever again in all of human past present and future that BTC went to the moon.

PROOF IS IN THE TA

But the moon is still very, very far away from the top of Burj Dubai.

bitcoin is going to the final capitulation sell or lose everything!

AGAIN!?!?!?!? Huh

falllling

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Activity: 112

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Quote from: blade87 on September 02, 2014, 07:38:46 PM

Quote from: itsAj on August 30, 2014, 09:50:11 PM

Quote from: notme on August 29, 2014, 09:29:21 PM

Quote from: wasserman99 on August 29, 2014, 08:02:35 PM

Quote from: blade87 on August 29, 2014, 05:52:18 PM

Dubia will build a mile high tower called Bitcoin Tower. All 200 floors of it will be filled with mining ASICs. Visitors who wish to take the elevators to the moon observation deck will have to pay in Bitcoin. The tower will become with single most profitable structure per (footprint) square foot ever known to mankind. They will then proceed to build more of these towers, fueling the Bitcoin price to $1,000,000 each and beyond.

I don't think these kinds of towers would have much effect on the price of bitcoin. They would, if really built the way you propose would certainly cause the difficulty to go up a lot. Although I am not sure how profitable this would actually be as it is very hot in Dubai.

If designed properly, they could use the rising heat to draw air in at the lower levels, creating a nice breeze toward the tower for everyone around it to enjoy.

You are correct that hot air rises, but hot air blowing on you will not have the same effect as a "breeze" also from this description the building will not be occupied by many people (likely only people who manage the ASICs).

Either way it would likely not be profitable with or without cooling costs.

Well then they will just have to keep building taller and taller towers to utilize cooler air at higher altitudes. The mile high one is just the first one. It will end when one of these towers actually physically touches the moon! Then there will be no denying the fact ever again in all of human past present and future that BTC went to the moon.

PROOF IS IN THE TA

But the moon is still very, very far away from the top of Burj Dubai.

bitcoin is going to the final capitulation sell or lose everything!

blade87

hero member

Activity: 644

Merit: 500

Quote from: itsAj on August 30, 2014, 09:50:11 PM

Quote from: notme on August 29, 2014, 09:29:21 PM

Quote from: wasserman99 on August 29, 2014, 08:02:35 PM

Quote from: blade87 on August 29, 2014, 05:52:18 PM

Dubia will build a mile high tower called Bitcoin Tower. All 200 floors of it will be filled with mining ASICs. Visitors who wish to take the elevators to the moon observation deck will have to pay in Bitcoin. The tower will become with single most profitable structure per (footprint) square foot ever known to mankind. They will then proceed to build more of these towers, fueling the Bitcoin price to $1,000,000 each and beyond.

I don't think these kinds of towers would have much effect on the price of bitcoin. They would, if really built the way you propose would certainly cause the difficulty to go up a lot. Although I am not sure how profitable this would actually be as it is very hot in Dubai.

If designed properly, they could use the rising heat to draw air in at the lower levels, creating a nice breeze toward the tower for everyone around it to enjoy.

You are correct that hot air rises, but hot air blowing on you will not have the same effect as a "breeze" also from this description the building will not be occupied by many people (likely only people who manage the ASICs).

Either way it would likely not be profitable with or without cooling costs.

Well then they will just have to keep building taller and taller towers to utilize cooler air at higher altitudes. The mile high one is just the first one. It will end when one of these towers actually physically touches the moon! Then there will be no denying the fact ever again in all of human past present and future that BTC went to the moon.

PROOF IS IN THE TA

But the moon is still very, very far away from the top of Burj Dubai.

jjacob

legendary

Activity: 1554

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★Nitrogensports.eu★

I hope some royal prince starts 'collecting' bitcoins. Stranger things have led to price increases.

STT

legendary

Activity: 4102

Merit: 1454

Quote from: ffe on August 29, 2014, 12:07:15 PM

Dead Cat Bounce buddy!

The cat is made of pure rubber, who knows where it'll end up :p volatility is high

Quote from: NapoleonBonaparte on August 29, 2014, 12:14:37 PM

Quote from: giveBTCpls on August 29, 2014, 12:12:24 PM

Arab money moving into the BTC world. Get ready for liftoff. Next year is going to be fun, specially after seeing all these fallling retarded posts.

This is actually a good news for bitcoin.

Arab can ditch US bond and invest in bitcoin instead, they have a huge stash of USD they have no idea what to do with.

That is not unfeasible. The use of silver in the early eighties as a proxy for failing dollar, caused a very large spike in that market. There is some history on that and of course in that case a billionaire backed the idea plus silver was the original backing for the dollar.
Bitcoin would be a much bigger leap to make but sure its possible if bitcoin can make itself credible as an alternative, it would probably help alot to sell it in actual coin form as has been done a few times

ensurance982

hero member

Activity: 518

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Trust me!

Quote from: jjacob on August 31, 2014, 07:26:45 AM

Quote from: GangkisKhan on August 30, 2014, 03:54:13 PM

And middle east countries are filthy rich with oil money. Imagine if any of the government just invest 1-5% of their revenue into bitcoin.

This could be even bigger than wall street etf.

You don't need the government investing. Just one of the sheikhs taking a fancy to bitcoin would do.

Yeah, I don't know why we would need a government actually investing... When they're investing, we'd jeopardize some of Bitcoin's independence! On the other hand, other governments may be tempted to do the same and thus creating a decentralized mutually assured stability pact, so to say.

jjacob

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★Nitrogensports.eu★

Quote from: GangkisKhan on August 30, 2014, 03:54:13 PM

And middle east countries are filthy rich with oil money. Imagine if any of the government just invest 1-5% of their revenue into bitcoin.

This could be even bigger than wall street etf.

You don't need the government investing. Just one of the sheikhs taking a fancy to bitcoin would do.

wasserman99

sr. member

Activity: 476

Merit: 250

Quote from: niothor on August 30, 2014, 12:43:37 PM

Quote from: ensurance982 on August 30, 2014, 12:18:16 PM

Quote from: falllling on August 30, 2014, 12:13:13 PM

No, they just don't, at least not for a very long time if bitcoin can live that long

Well, but people are getting invested. What about SecondMarket? If the "big money" isn't "really invested" as of now, we'd still be at a very early phase of the Ponzi pyramid, if it was one.

We don't need investors in bitcoin. We need people who accept bitcoins as payments and people who use bitcoins to shop and pay their bills.

This is exactly correct. What we need to see if people using bitcoin to pay for good/services and the seller of these goods/services to pay their expenses in bitcoin (and their suppliers, ect.).

itsAj

hero member

Activity: 588

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Quote from: notme on August 29, 2014, 09:29:21 PM

Quote from: wasserman99 on August 29, 2014, 08:02:35 PM

Quote from: blade87 on August 29, 2014, 05:52:18 PM

Dubia will build a mile high tower called Bitcoin Tower. All 200 floors of it will be filled with mining ASICs. Visitors who wish to take the elevators to the moon observation deck will have to pay in Bitcoin. The tower will become with single most profitable structure per (footprint) square foot ever known to mankind. They will then proceed to build more of these towers, fueling the Bitcoin price to $1,000,000 each and beyond.

I don't think these kinds of towers would have much effect on the price of bitcoin. They would, if really built the way you propose would certainly cause the difficulty to go up a lot. Although I am not sure how profitable this would actually be as it is very hot in Dubai.

If designed properly, they could use the rising heat to draw air in at the lower levels, creating a nice breeze toward the tower for everyone around it to enjoy.

You are correct that hot air rises, but hot air blowing on you will not have the same effect as a "breeze" also from this description the building will not be occupied by many people (likely only people who manage the ASICs).

Either way it would likely not be profitable with or without cooling costs.

ensurance982

hero member

Activity: 518

Merit: 500

Trust me!

Yeah well, the more I think about this, the more I tend to believe that they will be the catalyst of the next bubble. And they may not be billions of people (like in China), but they're people with billions of $

minerpumpkin

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A pumpkin mines 27 hours a night

Quote from: linxproz on August 30, 2014, 02:21:50 PM

Probably if only ONE of the rich guys in Dubai will enter in bitcoin, he could increase the value by hundreds of dollars alone.

Yeah, well they'd be smart to do this gradually. But even if they did that, the price would benefit quite a bit, I guess! Let's see if they join the party. I guess the whole remittance market won't push the price up too much, but it will still help people and bring Bitcoin to new countries.

GangkisKhan

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Activity: 141

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Quote from: ensurance982 on August 30, 2014, 11:43:14 AM

Quote from: botany on August 30, 2014, 11:04:14 AM

Quote from: wunkbone on August 30, 2014, 01:48:00 AM

Dubai is just a small country, we need china.

Not small in terms of the money involved, not a country either.

Ha yeah, it's an Emirate and a city, but it's the de facto capital of the Arab financial world. Its growth over the past decades is nearly unprecedented I guess and the wealth over there is just mezmerizing. If some of the people there just to decide to drop "a few bucks" in Bitcoin, the price will react. A lot.

And middle east countries are filthy rich with oil money. Imagine if any of the government just invest 1-5% of their revenue into bitcoin.

This could be even bigger than wall street etf.

linxproz

newbie

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Probably if only ONE of the rich guys in Dubai will enter in bitcoin, he could increase the value by hundreds of dollars alone.

minerpumpkin

hero member

Activity: 686

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A pumpkin mines 27 hours a night

We'll have to wait and see what materializes eventually! But You always have to keep in mind that they really do have a ton of money, and also the remittance market is very big (a lot of migrant workers from India!!!) This may be a perfect proving ground!

messibtc

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Dubai is a small country but it has some big whales who can enter in the market and pump the price.

ensurance982

hero member

Activity: 518

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Trust me!

Quote from: niothor on August 30, 2014, 12:43:37 PM

Quote from: ensurance982 on August 30, 2014, 12:18:16 PM

Quote from: falllling on August 30, 2014, 12:13:13 PM

No, they just don't, at least not for a very long time if bitcoin can live that long

Well, but people are getting invested. What about SecondMarket? If the "big money" isn't "really invested" as of now, we'd still be at a very early phase of the Ponzi pyramid, if it was one.

We don't need investors in bitcoin. We need people who accept bitcoins as payments and people who use bitcoins to shop and pay their bills.

Yes, a greater adoption is good. But a rising price attracts the peoples' interest like nothing else, and fuels Bitcoins development! Bitcoin also is great for storing wealth, so why not use that potential, too?

niothor

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Quote from: ensurance982 on August 30, 2014, 12:18:16 PM

Quote from: falllling on August 30, 2014, 12:13:13 PM

No, they just don't, at least not for a very long time if bitcoin can live that long

Well, but people are getting invested. What about SecondMarket? If the "big money" isn't "really invested" as of now, we'd still be at a very early phase of the Ponzi pyramid, if it was one.

We don't need investors in bitcoin. We need people who accept bitcoins as payments and people who use bitcoins to shop and pay their bills.

btcxyzzz

legendary

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Quote from: bit tired on August 29, 2014, 10:54:18 AM

During the global financial crisis the emirate called on its neighbor Abu Dhabi for $20 billion in emergency loans in order to avoid default.

The emirate still had debt problems now.

http://gulfbusiness.com/2013/07/dubais-debt-wall-still-looming/#.VAChQ4FdVKY

That has nothing to do with rich individuals there. And there are some insanely rich individuals there, like 1 billion $ is pocket change. Bullish as hell here too...

ensurance982

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Activity: 518

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Trust me!

Quote from: falllling on August 30, 2014, 12:13:13 PM

No, they just don't, at least not for a very long time if bitcoin can live that long

Well, but people are getting invested. What about SecondMarket? If the "big money" isn't "really invested" as of now, we'd still be at a very early phase of the Ponzi pyramid, if it was one.

Topic: Dubai to drive the next boom (Read 4595 times)