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Topic: Former Goldman Sachs Partner Bullish on Bitcoin (5/5/2014) (Read 2618 times)

member
Activity: 112
Merit: 10
Cryptocurrencies Exchange
China markets start to consider different bank services in place of those based in China.

China consumers are still most important factor for bitcoin price since they actually need some kind of alternative for yuan.

When it comes to anything related to Goldman Sachs, I can't believe any one is listening to them since 2008 events.
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
All this good news is keeping the market from falling sharply.
Soon enough, China and Gox will not be able to scare the market any more.
sr. member
Activity: 533
Merit: 251
why isn't bitcoin prices going up? is it purposely being depress for hedge funds to buy more?

Because your a$$ is not out there buying or spending more BTC...Everyone is hodling and we are on a slow boat to Bangkok right now~
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
There are in best estimates somewhere 30,000 individual programmers working on Bitcoin
Well that is a good bull signal  Grin

Does the Linux core have that many individual programmers, or any Open Source project?
Even 10 to 15K sounds like a lot.
legendary
Activity: 1834
Merit: 1094
Learning the troll avoidance button :)
There are in best estimates somewhere 30,000 individual programmers working on Bitcoin
Well that is a good bull signal  Grin
full member
Activity: 336
Merit: 100
Fortress is like a typical bagholding tard, who bought at the top, has lost half of it's investments and now is trying to act like everything is super. I bet that there won't be long till they will start holding hands with Barry Silbert
I agree, but it would not be smart to discern the fact that other funds might want to enter into bitcoin.

Of course it might. I think that we haven't had a period yet, where there wouldn't be a chance that new wealth might enter. "Everything is going super!" talks from Fortress doesn't increase the chance, that it might happen though. They are not neutral and their history doesn't exactly show them as competent in the subject.
I'm tired of these "someone has a really good feeling about bitcoin!" news, and the way how the cultists try to present these news as important.

+1
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
When bullshit happens, remember what you said  Cheesy

We really needed a new ugly troll, UglyTroll.
Welcome to the forums.  Smiley

newbie
Activity: 28
Merit: 0
When bullshit happens, remember what you said  Cheesy
sr. member
Activity: 350
Merit: 253
A lot people outside here know that once adoption rate reach its limit, Bitcoin will collapse

newbie
Activity: 28
Merit: 0
A lot people outside here know that once adoption rate reach its limit, Bitcoin will collapse
sr. member
Activity: 952
Merit: 281
Everyone here knows Bitcoin will change the world.  It is simply going through a rough patch, of which there will be many
legendary
Activity: 876
Merit: 1000
Fortress is like a typical bagholding tard, who bought at the top, has lost half of it's investments and now is trying to act like everything is super. I bet that there won't be long till they will start holding hands with Barry Silbert
I agree, but it would not be smart to discern the fact that other funds might want to enter into bitcoin.

Of course it might. I think that we haven't had a period yet, where there wouldn't be a chance that new wealth might enter. "Everything is going super!" talks from Fortress doesn't increase the chance, that it might happen though. They are not neutral and their history doesn't exactly show them as competent in the subject.
I'm tired of these "someone has a really good feeling about bitcoin!" news, and the way how the cultists try to present these news as important.
sr. member
Activity: 266
Merit: 250
Fortress is like a typical bagholding tard, who bought at the top, has lost half of it's investments and now is trying to act like everything is super. I bet that there won't be long till they will start holding hands with Barry Silbert
I agree, but it would not be smart to discern the fact that other funds might want to enter into bitcoin.
newbie
Activity: 5
Merit: 0
hmm ... lets see ... i think once one hedgefund goes in .. others will follow suit
legendary
Activity: 876
Merit: 1000
Fortress is like a typical bagholding tard, who bought at the top, has lost half of it's investments and now is trying to act like everything is super. I bet that there won't be long till they will start holding hands with Barry Silbert
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
"...So there’s this open source community where there’s huge brain power, let alone all the VC money that’s going in. And so from Marc Andreessen and his company to Benchmark… there’s lots of smart money going in. I’ve never seen a small project with more human capital going into it, and so I kind of want to bet just on that alone."

Nice! Another example of the media cycle turning strongly positive.  Smiley


member
Activity: 84
Merit: 10
It looks to me that he is at loss and loosing momentum.
member
Activity: 79
Merit: 10
yay. greedy bankers cant be wrong, the price is too low now for them to make a killing selling them at current levels.
sr. member
Activity: 644
Merit: 250
Finally some positive news !  Grin LOL actually we had only positive news in the last months, except our friends the chinese...
legendary
Activity: 1260
Merit: 1000
World Class Cryptonaire
The article specifically states that they have about 13 million invested in bitcoin. While 13 million dollars is quite a chunk of change, large companies could invest quite a bit more than that so I would expect that there is more room in their portfolio for bitcoin if they feel it's right to do so.
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