Topic: "I guarantee there will be another Bitcoin price bubble" - page 2. (Read 4013 times)
Could it be that the amount of new money coming in is lower than the amount for coins mined? Na "insert overly complicated evaluation here"
It will not even require average people buying Bitcoin to give rise to another massive bubble. If only 1 percent of the U.S. population (3 million people) decide to invest an average of only 100 dollars each, the price will almost certainly rise to several thousand dollars.
The problem is convincing people that it's worth investing in, rather than simply another electronic currency which they don't care about. You'd need adoption from a major corporation before you'd see consumers interested in using it as a payment option - as right now it's all just price speculation from people who are 'investing' rather than trying to use it as a means of payment.
I would prefer to call it an opportunity.
It will not even require average people buying Bitcoin to give rise to another massive bubble. If only 1 percent of the U.S. population (3 million people) decide to invest an average of only 100 dollars each, the price will almost certainly rise to several thousand dollars.
The problem is convincing people that it's worth investing in, rather than simply another electronic currency which they don't care about. You'd need adoption from a major corporation before you'd see consumers interested in using it as a payment option - as right now it's all just price speculation from people who are 'investing' rather than trying to use it as a means of payment.
Ask a random person how to buy bitcoin. They will not have a clue. It will probably be frightening to them. It's just too hard. Proliferating ATMs would help a lot. Getting it in 7-11 or RedBox would help a lot.
It will not even require average people buying Bitcoin to give rise to another massive bubble. If only 1 percent of the U.S. population (3 million people) decide to invest an average of only 100 dollars each, the price will almost certainly rise to several thousand dollars.
Barry Silbert, creator of SecondMarket, said at the Inside Bitcoin conference that he guarantees there will be another Bitcoin price bubble. He argues that 500-1000M$ is ready to be invested by Wall Street and they are waiting for institutional level infrastructure.
Source: Reddit/Twitter
So.. what do you think?
Source: Reddit/Twitter
So.. what do you think?
Sounds a bit extreme for the short min term but I can see that Wall Street would be interested in this market once it matures
Barry Silbert, creator of SecondMarket, said at the Inside Bitcoin conference that he guarantees there will be another Bitcoin price bubble. He argues that 500-1000M$ is ready to be invested by Wall Street and they are waiting for institutional level infrastructure.
Source: Reddit/Twitter
So.. what do you think?
Source: Reddit/Twitter
So.. what do you think?
$1000M dollar is nothing, do you realize that right?
If you want another bitcoin bubble you need another $20 Billion+
Purchases of Bitcoin totaling 20 billion dollars would take the price well into the five-digit range. A lot less than that will be sufficient to cause a new bubble.
I guarantee that Dogecoin will decrease way less than Bitcoin will do.
Wall Street investors told me that they will rescue doge first if Bitcoin fails, no hoax.
Wall Street investors told me that they will rescue doge first if Bitcoin fails, no hoax.
Neither of you can guarantee anything, though personally I sure feel like BTC now is priced much lower than its future worth. I am definitely bullish on it and have faith in the network/community as a whole. I really do hope there is another long journey upwards in price, maybe that would finally shut everyone up who has said that Bitcoin is just a massive Ponzi scheme in itself.
Can't tell if serious or trolling about what you said with Wall Street investors and Dogecoin...
I could kind of justify it making sense in some kind of fucked up way in my head.
Ask a random person how to buy bitcoin. They will not have a clue. It will probably be frightening to them. It's just too hard. Proliferating ATMs would help a lot. Getting it in 7-11 or RedBox would help a lot.
Good point. I wonder why it has taken so long to spread bitcoin ATMs all over the world. Like WTF so many dudes here have a lot of bitcoins and they want to get even more rich but everyone just sits and waits for the price to boost. Instead, the ones with a lot of coins should accelerate the adoption rate. Max Keiser said he has 10k bitcoins. Why doesn't he buy like 10 bitcoin ATMs, spread them all over the world and help bitcoin to succeed?
Ummm, IDK, maybe the being a douchebag has something to do with it.
$1000M dollar is nothing, do you realize that right?
If you want another bitcoin bubble you need another $20 Billion+
Heh. Heheh. Uhm, no. $20 Million more like.
What you need is a sane way to invest serious money.
And that's it. The money will follow.
Ask a random person how to buy bitcoin. They will not have a clue. It will probably be frightening to them. It's just too hard. Proliferating ATMs would help a lot. Getting it in 7-11 or RedBox would help a lot.
Come on, it's not hard. Not even the first time, all you need is a location. Make an account on this exchange, send money, click the button to convert it to bitcoin, done. Optionally transfer it to a local wallet, which anyone who knows how to email can learn in minutes. The real hurdle is that first step to deciding to look into it.Theres an app for that
Ask a random person how to buy bitcoin. They will not have a clue. It will probably be frightening to them. It's just too hard. Proliferating ATMs would help a lot. Getting it in 7-11 or RedBox would help a lot.
Come on, it's not hard. Not even the first time, all you need is a location. Make an account on this exchange, send money, click the button to convert it to bitcoin, done. Optionally transfer it to a local wallet, which anyone who knows how to email can learn in minutes. The real hurdle is that first step to deciding to look into it. 
I'm sure there will be another bubble with or without the wallstreet guys...
However it's sad to see Bitcoin reduced to the speculation/investment aspect. Longterm, Bitcoin can only succeed if it is used in mainstream. And there is a lot of work to do to accomplish that...
However it's sad to see Bitcoin reduced to the speculation/investment aspect. Longterm, Bitcoin can only succeed if it is used in mainstream. And there is a lot of work to do to accomplish that...
Ask a random person how to buy bitcoin. They will not have a clue. It will probably be frightening to them. It's just too hard. Proliferating ATMs would help a lot. Getting it in 7-11 or RedBox would help a lot.
Good point. I wonder why it has taken so long to spread bitcoin ATMs all over the world. Like WTF so many dudes here have a lot of bitcoins and they want to get even more rich but everyone just sits and waits for the price to boost. Instead, the ones with a lot of coins should accelerate the adoption rate. Max Keiser said he has 10k bitcoins. Why doesn't he buy like 10 bitcoin ATMs, spread them all over the world and help bitcoin to succeed?
Ask a random person how to buy bitcoin. They will not have a clue. It will probably be frightening to them. It's just too hard. Proliferating ATMs would help a lot. Getting it in 7-11 or RedBox would help a lot.
I guarantee that Dogecoin will decrease way less than Bitcoin will do.
Wall Street investors told me that they will rescue doge first if Bitcoin fails, no hoax.
Wall Street investors told me that they will rescue doge first if Bitcoin fails, no hoax.
There is at least ONE big bubble yet to come. I have seen it in my dreams many times and I know it because shit hasn't hit the fan yet. After that, anything could happen, even death. Speaking of dreams, today I had a dream where gold had crashed 70% but interestingly silver not. I have no gold nor silver though, thus pretty irrelevant dream for me, however I can see it happening because the industrial value of gold is much less than it's market value. Once people realize that gold is not the ultimate store of value it will go down big time. Old school investors such as that Warren Buffer dude will lose their wealth.
I don't understand the waiting part. If you wanted to invest $100 million in Bitcoin would you really wait for more infrastructure to develop? Don't these people realize that the price will be much higher by the time that happens? Something doesn't add up.
The great impediment to gains in BTCUSD is the bandwidth of the pipe. It's just too hard to buy BTC.
The great impediment to institutional investment is volatility, which is the result of the price being too low relative to the amount of money that wants to move in/out.
It's a bootstrap problem. One way to resolve it is to increase the size of the bitcoin economy, resulting in more velocity, more churn, more liquidity and more price stability. That will remove barriers to institutions. Another way is to fatten the pipe, as e.g. by creating a BTC ETP. Entrepreneurs are working on both of these avenues, so stay tuned. (Or better yet get out there an innovate yourself.)
I sort of agree, but then I think... it isn't that hard to buy bitcoins. Again, if you have deep pockets, can't you just call up Barry Silbert and do it? Barry's team at SecondMarket will source bitcoins from all of the major exchanges/miners/locals, etc.
I can see why institutional investors would stay away until there's more regulation: legal nightmare in the event of lost coins.
Others? Not sure. Perhaps bitcoin is less well known/understood outside these boards than we'd like to think.
Sounds about right. I think we'll see a Wall Street bubble just like the Chinese one, only bigger and with a bigger crash on the other side.
Coins are in short supply. I'm not sure how someone can buy this many coins in the open market.
The price would explode before they can complete 10% of their purchase.
$4000 by the end of July.
Let me guess, you were one of the people going around saying "new all time high by April" too?
I don't understand the waiting part. If you wanted to invest $100 million in Bitcoin would you really wait for more infrastructure to develop? Don't these people realize that the price will be much higher by the time that happens? Something doesn't add up.
The great impediment to gains in BTCUSD is the bandwidth of the pipe. It's just too hard to buy BTC.
The great impediment to institutional investment is volatility, which is the result of the price being too low relative to the amount of money that wants to move in/out.
It's a bootstrap problem. One way to resolve it is to increase the size of the bitcoin economy, resulting in more velocity, more churn, more liquidity and more price stability. That will remove barriers to institutions. Another way is to fatten the pipe, as e.g. by creating a BTC ETP. Entrepreneurs are working on both of these avenues, so stay tuned. (Or better yet get out there an innovate yourself.)
I sort of agree, but then I think... it isn't that hard to buy bitcoins. Again, if you have deep pockets, can't you just call up Barry Silbert and do it? Barry's team at SecondMarket will source bitcoins from all of the major exchanges/miners/locals, etc.
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