Finally a Safe Haven Asset Response?

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: Bitplumber on January 20, 2016, 02:54:41 PM

Quote from: kwukduck on January 20, 2016, 12:41:45 PM

I don't know who in their right mind would ever even think of investing in something with a broken protocol...

So glad I read this post! I just nearly bought a bitcoin!

I'll just keep my money in the bank instead.

Thanks 😂

don't listen to kwukduck, unless you are his alt(very likely) there is nothign broken with bitcoin, only some limit that will be fixed soon, liek the capacity which is the biggest issue

you cna buy bitcoin and spend them normally, much better than fiat if you ask me, and i have some reasons to believe so

QuintLeo

legendary

Activity: 1498

Merit: 1030

Quote from: iikun on January 20, 2016, 11:17:06 AM

interesting development, but I don't know I would lump SA in with those two economies. That article states they have USD630b in currency reserves & the price of oil won't stay this low for long.

Oil will stay low and keep dropping as long as
(1) China economy continues it's recession/implosion
(2) OPEC keeps putting pressure on higher-cost producers in an attemt to drive them out of the market
(which will FAIL long-term no matter what but might succeed for a few years 'cause they'll just ressurect when pricing gets high enough again).

Oil pricing might get a LOT lower for a while if the Chinese economy starts dragging other world economies down with it.

I wouldn't plan on oil prices rising for a year or two at least, then it'll take some time after that for them to climb again.

Bitplumber

newbie

Activity: 53

Merit: 0

Quote from: kwukduck on January 20, 2016, 12:41:45 PM

I don't know who in their right mind would ever even think of investing in something with a broken protocol...

So glad I read this post! I just nearly bought a bitcoin!

I'll just keep my money in the bank instead.

Thanks 😂

kwukduck

legendary

Activity: 1937

Merit: 1001

Quote from: hector3115 on January 20, 2016, 10:29:11 AM

I think so. They're talking about more QE and negative interest rates in Davos. I don't know who in their right mind wouldn't want to diversify at least 15% of their assets in Bitcoin.

People just dont understand it yet but smart money will eventually find its way to bitcoin.

I don't know who in their right mind would ever even think of investing in something with a broken protocol...

NorrisK

legendary

Activity: 1946

Merit: 1007

Looks more like some big players reentering to me with a resulting panic buy from day traders. As the small time traders only trade the margins and the big player holds his coins, price can stabalize at this level for now.

Safe Haven response would be much much bigger as a lot more money would start pouring in.

iikun

legendary

Activity: 1062

Merit: 1003

Quote from: cr1776 on January 20, 2016, 11:11:42 AM

Not to mention Saudi Arabia imposed capital controls. Because it worked so well in Greece, Venezuela etc.

http://www.zerohedge.com/news/2016-01-20/saudi-arabia-unleashes-capital-controls-bans-bets-against-dollar-peg

interesting development, but I don't know I would lump SA in with those two economies. That article states they have USD630b in currency reserves & the price of oil won't stay this low for long.

cr1776

legendary

Activity: 4214

Merit: 1313

Not to mention Saudi Arabia imposed capital controls. Because it worked so well in Greece, Venezuela etc.

http://www.zerohedge.com/news/2016-01-20/saudi-arabia-unleashes-capital-controls-bans-bets-against-dollar-peg

thesonandheir

newbie

Activity: 20

Merit: 0

Correct, punters got scared by MH/Cryptsy and weak hands sold out. Clever money hoovers this up and makes $$$$$$$$$$$$$$$$$$$$ Grin

hector3115

sr. member

Activity: 481

Merit: 251

I think so. They're talking about more QE and negative interest rates in Davos. I don't know who in their right mind wouldn't want to diversify at least 15% of their assets in Bitcoin.

People just dont understand it yet but smart money will eventually find its way to bitcoin.

Topic: Finally a Safe Haven Asset Response? (Read 713 times)