Here we are 24 hours after the Braintree/PayPal news.... - page 2.

promojo

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Quote from: Mervyn_Pumpkinhead on September 10, 2014, 05:25:00 AM

Bitcoin's price isn't dependent on merchant adoption, I hoped that everyone could have realized it by now. Bitcoin would have to be a practical financial tool in the legal field, for that to be true. Bitcoin only becomes useful when anonymity is a needed factor.
The main factors that drive the price are movements in the shadow economy and politics.

Bitcoin is not completely anonymous. It is all posted on a ledger on the blockchain - let's not forget that.

promojo

sr. member

Activity: 420

Merit: 250

Quote from: trackermut on September 09, 2014, 06:44:36 PM

Market cap over 7 billion, to move this price significantly we need something more substantial than eBay thinking about dipping its toe in the water. Yes its good news and another step towards mass adoption. In my option next step forward for Bitcoin successful launch of ETF, product designed to use bitcoin as a store of wealth and reduce the flow of bitcoins being dumped onto the market daily.

How are the Winklevoss bros doing with that anyway?

promojo

sr. member

Activity: 420

Merit: 250

Quote from: Wilhelm on September 09, 2014, 03:58:42 PM

People will only react in a 24hour period when the price is skyrocketting(immediate profit) or when it crashes(or can crash soon in case of really bad news).

Let's just wait and see

I am just use to seeing price shoot + $5-$30 dollars on good news like it was in the $1200 days.... This year has been really stagnate.

nemo

sr. member

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The news here is that there is a new avenue for sell pressure.

Hunyadi

legendary

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☑ ♟ ☐ ♚

Quote from: ?? on ??

Quote from: Hunyadi on September 10, 2014, 05:17:15 AM

Quote from: Searing on September 10, 2014, 04:14:32 AM

Quote from: trackermut on September 09, 2014, 06:44:36 PM

Market cap over 7 billion, to move this price significantly we need something more substantial than eBay thinking about dipping its toe in the water. Yes its good news and another step towards mass adoption. In my option next step forward for Bitcoin successful launch of ETF, product designed to use bitcoin as a store of wealth and reduce the flow of bitcoins being dumped onto the market daily.

that is my fear if the ETF is launched and everyone goes ho hum...BTC is so over with....ouch! cause I don't see much in the way of moving BTC price
without the ETF and/or some other big news besides yet MORE giant mining farms offering cloud hashing

we need some crazy ass stupid bank/gov't stunt like Cyprus again!

oh well I'll hold my 50 BTC till I'm the last guy to do so...need a hobby and better then collecting cats in my old age.....(good to have goals)

Searing

Searing, you seem so melancholic. ETF will change everything. You can't "ho hum" 'demand and supply'.

No,
Winklevoss ETF will actually be shot down
GABI is already priced in but shorting on bitcoin or failed to raise fund ($200 million is just fake)
Dubai exchange won't create any thing new
more PayPal or whatever businesses "accept" bitcoin (immediately dump it on exchanges via market sells), the more it will crash. It will crash hard because people will only use the new integration to dump all of their BC holdings fast

Ok, that's the spirit Grin

So there is no hope. Bitcoin is doomed. I though the news were good, but it seems I was wrong.

BTW:
BC=blackcoin
BTC=bitcoin
ongel=troll

Mervyn_Pumpkinhead

legendary

Activity: 876

Merit: 1000

Bitcoin's price isn't dependent on merchant adoption, I hoped that everyone could have realized it by now. Bitcoin would have to be a practical financial tool in the legal field, for that to be true. Bitcoin only becomes useful when anonymity is a needed factor.
The main factors that drive the price are movements in the shadow economy and politics.

Hunyadi

legendary

Activity: 1281

Merit: 1000

☑ ♟ ☐ ♚

Quote from: Searing on September 10, 2014, 04:14:32 AM

Quote from: trackermut on September 09, 2014, 06:44:36 PM

Market cap over 7 billion, to move this price significantly we need something more substantial than eBay thinking about dipping its toe in the water. Yes its good news and another step towards mass adoption. In my option next step forward for Bitcoin successful launch of ETF, product designed to use bitcoin as a store of wealth and reduce the flow of bitcoins being dumped onto the market daily.

that is my fear if the ETF is launched and everyone goes ho hum...BTC is so over with....ouch! cause I don't see much in the way of moving BTC price
without the ETF and/or some other big news besides yet MORE giant mining farms offering cloud hashing

we need some crazy ass stupid bank/gov't stunt like Cyprus again!

oh well I'll hold my 50 BTC till I'm the last guy to do so...need a hobby and better then collecting cats in my old age.....(good to have goals)

Searing

Searing, you seem so melancholic. ETF will change everything. You can't "ho hum" 'demand and supply'.

piramida

legendary

Activity: 1176

Merit: 1010

Borsche

Quote from: crocko on September 10, 2014, 04:18:13 AM

When the ETH will become real ?

what exactly do you think "ETH" stands for? evening-time high?

Asrael999

hero member

Activity: 703

Merit: 502

Quote from: gog1 on September 09, 2014, 08:55:37 PM

we are still in a downtrend will lots of headwind. Until the day when there's a reason for the average joe to buy bitcoin then spend - the supply / demand will be imbalance.

or until the halving,

Bobsurplus

legendary

Activity: 1008

Merit: 1000

Making money since I was in the womb! @emc2whale

Quote from: crocko on September 10, 2014, 04:18:13 AM

When the ETH will become real ?

My guess is about 8 weeks from now.

crocko

hero member

Activity: 826

Merit: 1000

'All that glitters is not gold'

When the ETH will become real ?

Searing

copper member

Activity: 2898

Merit: 1465

Clueless!

Quote from: trackermut on September 09, 2014, 06:44:36 PM

Market cap over 7 billion, to move this price significantly we need something more substantial than eBay thinking about dipping its toe in the water. Yes its good news and another step towards mass adoption. In my option next step forward for Bitcoin successful launch of ETF, product designed to use bitcoin as a store of wealth and reduce the flow of bitcoins being dumped onto the market daily.

that is my fear if the ETF is launched and everyone goes ho hum...BTC is so over with....ouch! cause I don't see much in the way of moving BTC price
without the ETF and/or some other big news besides yet MORE giant mining farms offering cloud hashing

we need some crazy ass stupid bank/gov't stunt like Cyprus again!

oh well I'll hold my 50 BTC till I'm the last guy to do so...need a hobby and better then collecting cats in my old age.....(good to have goals)

Searing

institutionaltrader

newbie

Activity: 26

Merit: 0

Quote from: inca on September 09, 2014, 06:26:51 PM

Quote from: zimmah on September 09, 2014, 05:35:01 PM

sure, willy was the sole reason of the price to move

Don't mention that gox was just ten percent of the global exchange volume during that time. Or that 'willy bot' has never been proven - just 'exposed' on a blog and released at a sensitive time to impact the price as much as possible!

Nothing to do with gox being 10 percent. The problem is that most exchanges had fake volume and fake price indexed to gox either willingly (exchange fraud) or via arbitrage.

Now they switched to other exchanges or average of exchanges prices.

g35fan

newbie

Activity: 24

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I'm nearly convinced the only way a huge jump will happen in the short term is from some sort of US economic collapse. Everything in the markets is so overvalued right now, something's gotta give...

gog1

hero member

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we are still in a downtrend will lots of headwind. Until the day when there's a reason for the average joe to buy bitcoin then spend - the supply / demand will be imbalance.

spiderbrain

legendary

Activity: 889

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And we're 2% up? Yes, nice, isn't it?

trackermut

member

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Market cap over 7 billion, to move this price significantly we need something more substantial than eBay thinking about dipping its toe in the water. Yes its good news and another step towards mass adoption. In my option next step forward for Bitcoin successful launch of ETF, product designed to use bitcoin as a store of wealth and reduce the flow of bitcoins being dumped onto the market daily.

inca

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Activity: 1176

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Quote from: zimmah on September 09, 2014, 05:35:01 PM

sure, willy was the sole reason of the price to move

Don't mention that gox was just ten percent of the global exchange volume during that time. Or that 'willy bot' has never been proven - just 'exposed' on a blog and released at a sensitive time to impact the price as much as possible!

zimmah

legendary

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sure, willy was the sole reason of the price to move

exocytosis

sr. member

Activity: 476

Merit: 250

The reason the price was moving up in previous years, was Willybot.

Now that Gox is gone, there's nothing that can push price up or sustain it at a high level, so it slides slowly down to where it's supposed to be. That's all there is to it.

Topic: Here we are 24 hours after the Braintree/PayPal news.... - page 2. (Read 3383 times)