It is likely that increases in liquidity will be met by more liquidity later.
+1
This is basically the wisdom of the ages. As the bitcoiners themself get more wealthy they cannot help
but attract more wealth from arround them.
Topic: For Those Wondering Why The Current Rally - page 4. (Read 10143 times)
+1
This is basically the wisdom of the ages. As the bitcoiners themself get more wealthy they cannot help
but attract more wealth from arround them.
This does support my general thoughts on Bitcoin's situation. There is very likely a lot of rich people who have heard of Bitcoin last year and this year. Some of them are surely interested. The main problem is the liquidity of the market and our puny market cap.
It is likely that increases in liquidity will be met by more liquidity later.
It is likely that increases in liquidity will be met by more liquidity later.
From market movements, this sounds credible. From motivation, given the current political chaos, it also sounds credible.
The rallies from 5.6 looked like they got some support from few, fairly large buyers moving in. It was often big orders, slightly above market price, placed such to get filled quickly but not spike the price too much. Sane, but determined buying.
Of course, this doesn't mean it must be true. But it is a viable explanation to the rally going as fast and steadily as it did.
The rallies from 5.6 looked like they got some support from few, fairly large buyers moving in. It was often big orders, slightly above market price, placed such to get filled quickly but not spike the price too much. Sane, but determined buying.
Of course, this doesn't mean it must be true. But it is a viable explanation to the rally going as fast and steadily as it did.
I would caution others not to overpay for bitcoins.
just what is this supposed to mean? how do you define overpay? i don't think we're anywhere near the true market value of one Bitcoin but mine is just an educated opinion based on a year and a half's in depth experience with Bitcoin and an abundance of overall market experience. i've already put my money where my mouth is.
I think we just found the real manipulator
I would caution others not to overpay for bitcoins.
just what is this supposed to mean? how do you define overpay? i don't think we're anywhere near the true market value of one Bitcoin but mine is just an educated opinion based on a year and a half's in depth experience with Bitcoin and an abundance of overall market experience. i've already put my money where my mouth is.
I would caution others not to overpay for bitcoins.
just what is this supposed to mean? how do you define overpay? i don't think we're anywhere near the true market value of one Bitcoin but mine is just an educated opinion based on a year and a half's in depth experience with Bitcoin and an abundance of overall market experience. i've already put my money where my mouth is.
over pay for bitcoin
as in
do not buy coins right after a rally from 8 to 9, wait till we hit 10 and there's no doubt in your mind its going to keep on going up
I would caution others not to overpay for bitcoins.
just what is this supposed to mean? how do you define overpay? i don't think we're anywhere near the true market value of one Bitcoin but mine is just an educated opinion based on a year and a half's in depth experience with Bitcoin and an abundance of overall market experience. i've already put my money where my mouth is.
Just want to draw everyone's attention to a post I made on 9 June 2012. Keep in mind that with the latest rally the 50dma is now at $6.46 and 200dma at $5.546. While bitcoins are moving into extremely strong hands right now; I would caution others not to overpay for bitcoins.
I think you would be surprised at just how forward thinking, creative and risk taking some people are.
Today I had lunch with two of my friends who are both estate planning attorneys for high-net worth individuals. The topic of conversation centered on political risk, expatriation, second citizenships, FACTA, tax implications and how they could use BitCoin as part of their client's asset protection and estate plan. They found the alienable nature of BitCoin extremely attractive.
The bulk of their client's, at least in the $5-10m net worth range, are first generation creative entrepreneur's who made their wealth solving some market need. If just a fraction of the 80,000 HNWIs in the United States alone moved less than 0.10% of their net worth into BitCoin then it would send the price through the roof. Keep in mind, in the US alone there is $10T+ in money market type funds yielding 0%.
I have had a few HNWIs and UHNWIs whose only reservation with moving $500k or $1m into BitCoin is the lack of liquidity and scalability of investment so they settle with puny amounts like $25k or $50k, etc.
In my opinion, there is huge pent up market demand for the type of utility BitCoin offers and the longer it stays around the more confidence it will garner resulting in more people allocating capital towards it.
FYI, one of the attorneys has extensive experience in securitization and mentioned he would like to do some BitCoin securitizations. So if anyone is looking at a way to use their portfolio of cars, houses, airplanes, etc. as collateral for BitCoin related loans or offerings then I can put you in touch with him.
Today I had lunch with two of my friends who are both estate planning attorneys for high-net worth individuals. The topic of conversation centered on political risk, expatriation, second citizenships, FACTA, tax implications and how they could use BitCoin as part of their client's asset protection and estate plan. They found the alienable nature of BitCoin extremely attractive.
The bulk of their client's, at least in the $5-10m net worth range, are first generation creative entrepreneur's who made their wealth solving some market need. If just a fraction of the 80,000 HNWIs in the United States alone moved less than 0.10% of their net worth into BitCoin then it would send the price through the roof. Keep in mind, in the US alone there is $10T+ in money market type funds yielding 0%.
I have had a few HNWIs and UHNWIs whose only reservation with moving $500k or $1m into BitCoin is the lack of liquidity and scalability of investment so they settle with puny amounts like $25k or $50k, etc.
In my opinion, there is huge pent up market demand for the type of utility BitCoin offers and the longer it stays around the more confidence it will garner resulting in more people allocating capital towards it.
FYI, one of the attorneys has extensive experience in securitization and mentioned he would like to do some BitCoin securitizations. So if anyone is looking at a way to use their portfolio of cars, houses, airplanes, etc. as collateral for BitCoin related loans or offerings then I can put you in touch with him.
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