Topic: Markets Tanking >>> Bitcoin Steady Climb >>> Safe Haven Effect Kicking in (Read 1457 times)

1 to 2 years away?  I don't think so.

And as it relates to the topic of this thread, a pretty good Bitcoin Investment Series just stared running at Forbes.com.  This thing is getting ready to start moving faster.   1 to 2 years.  That is just plain stupid.  I don't care if you want to put your faith in a Lightening based scaling solution - but if the basis of the timelines for those plans is beig made by people like you - then Bitcoin is in S#!t trouble.

http://www.forbes.com/sites/laurashin/2015/12/11/should-you-invest-in-bitcoin-10-arguments-in-favor-as-of-december-2015/

I think things are growing at a good pace, the last convention was a success with the presentation of sigwit, so we are making progress. We will be able to scale before the average joe catches up and the transaction volume skyrockets, we are still at least 1 to 2 years before the average folk jumps in and that time is exactly what it take for the lightning network to start scaling it to worldwide levels.

And that is the problem.... the bitcoin pool (capitol investment) is getting bigger fast, and it is getting more and more expensive/difficult to tamp down the market.  At some point fear/safe haven effect could overrun the manipulators ability to keep price reasonably down.  You could see this thing blow through the old highs in a day.  Then I think the challenge will be to manipulate the price to stabilise at that new level, without allowing any of the Fiat Banks to instigate a series of Super Smacks that they might hope to use to eternally kill the reputation of bitcoin in the masses.

That will most likely only happen if it coincides with a Network breakdown.  Hope the people that matter are paying attention and developing at least some sense of urgency.

You nailed it right there.  I'm not saying that the price explosion and mainstream furor is imminent, but it COULD happen soon, and it COULD happen quickly, very very quickly.  

That is why it is so imperative that the Core Dev Team / Miners / Exchanges get through this existing Scaling hurdle.  There are a lot of people watching this and saying, these people simply do not get it...... this financial crisis could happen fast.  Again, NOT saying it will happen this coming week, and I am not quite ready to declare we're at the beginning of a huge liftoff - but if Bitcoin recovers all the way by end of weekend from the 13% triple smackdown they just attempted, then I say odds are that we just got a lot closer to liftoff.

indeed, i would like to think it is undervalued but even at the last halfing, the majority of it was market manipulation. with the prices getting higher you need more money to manipulate it.Will this happen? i dont know.

I strongly doubt that!Nothing is priced in so far.
Look at the charts of the last halving!
Bitcoin still is very undervalued trust me!

I believe they will be the first switching over to Bitcoin and precious metals if fiat and financial markets go down. Big investors, global companies, hedge funds are the ones who will be first.Just alone this could create crazy spikes!
My biggest concern would be if the network could handle all that in a very short time.There's a lot of work to do and we can not waist time.
Just alone the halving will create another big media attention I believe, which could trigger another wave of new participants.

The price we are at now could be the price factored into the halfing, if so theres not going to be anymore dramatic rising. just a stable slow climb.

Stability in 2016? No way!
This is the year of the halving.This is going to be a hell of a ride (in a crazy positive way)!
Bitcoin will be a beast which you can not tame!
It will be so much fun!

Again, I feel the need to say, "Duh! Open your eyes and join the world!"

Some of you Bitcoiners live in this teeny tiny microcosmic world of Bitcoin, that you fail to notice what is going on in the outside financial world.  How the fiat world ends, is the story of how the Bitcoin world begins.  The only responsibility Bitcoin has is not to screw up too badly.  The crash of the Fiat world will happen on its own timetable,and as long as Bitcoin isn't dead, it will rise in tandem with the death throes of fiat.  And Fiat is sick, and the doctors say it looks like the cancer may very well be terminal.  Prognosis is currently that it has 9 - 18 months to live.

I think we could go the whole of 2016 with nothng dramatic happenenig and bitcoin will be fine, As we all know btc has its volatile times but what we need is stabality. 2016 could be that time.

Agree with everything except the part about it being a slow process.   I really think that depends on how the mainstream media treats it.  If we start having a meltdown, and you see one or two front and center stories that talk about Bitcoin as the next safe haven, the next global currency, and it gets tied into mathematical argument of how using the numbers, facts etc that 1 Bitcoin = $1,000,000, and how there is a big headstart already underway in this wealth migration for some people/groups/nations..... then you could see this thing do a really fast moonshot.  I HOPE that it doesn't happen that way, but already you do have some countries (Countries!) that are openly discussing allocating certain asset capitol in this direction.  What about cash rich companies like Facebook/Google/Baidu/alibaba/amazon.  What about even a mid-sized corp?  Heck, I know single individuals (not even super-uber wealthy) that if they individually decided to make a run for it and dump 80% into Bitcoin, it would drive a pretty decent spike.  So, I think what we are starting to see is that first tenuous toe in the water as people start dipping into the Bitcoin pool.  What I really see as possible though is way above a "Bitcoin Footrace" among the masses - is a Bitcoin Race between countries / corporates.  Just one day of that and we could be in a whole new world.

But for now, as long as things are taking a sane pace, I'm just looking at the last 24 hours, the past 9 or 10 specifically.

They ran THREE (3) hard handed smackdown attempts last night.   In total they took down Bitcoin about 13%.  That is HUGE in terms of numbers involved.  It was in 3 quick waves, designed to send a signal.  And what has happened?  Almost half has already recovered in just a few hours.  Basically, the number of buyers is growing and overwhelming the market.

I think we see this continue.  Craig/Satoshi got this into the mainstream media at a time that could not have been more perfect.  It exposed people to the Bitcoin radar.  That's all it takes, especially with the amount of fear building in the financial markets.

But with all that said, wierdly and honestly as it seems, I will be sad if the price skyrockets before more average citizens have the ability to get in.  Everyone should buy their family/children 1 Christmas Bitcoin on a Trezor    Do you know if 0.1% of just American families did that - shoot, do you have any idea where the price would go?  People, we are talking the beginning of a potentially mind-boggling growth curve.  And it may be slow and steady..... but it could be something that happens so fast that you blink and you miss it.

2016 is going to be the make or break for Bitcoin... imo. We will see a lot of these "private" Blockchains or should I rather say, "centralized" ledgers being used by banks and they

will slowly try to dominate the markets. We will see a big Bitcoin vs Bank Blockchain show down. A lot of this will go unseen by the general public, because these systems will be

put in place in the back ends. The economic meltdown in the fiat world, would also shift the attention to Bitcoin as a Safe haven, but that would be a slow process for the masses.

Wow, that was two quickies, back to back.  Somebodies really don't want bitcoin coming out to play yet.  For the best.  But the next few days are going to be interesting.....  If this turns back up, even after this very clear brushback, then market fears/forces may overrun even the fear of manipulations.

Conversely, if the bitcoin smackdown works, gold/silver may be bigger gainers early next week.  This was a good firm smack.  I'm still thinking that we see another hard turn up very soon as people see this for what it was.  A manipulation.

Stop hunt / MC hunt.

boom.  And there is the smackdown.  Now I want to see if there is follow through.  My guess is it turns up hard.  And then they'll slap it again.  If it survives 3 hard slap downs then we've got something.

Nope.  Sorry. Wrong!

You are waaaay to close.  Step back so you can see the big picture.  I keep forgetting that most of you live in an uninformed microcosmic bitcoin world.  I need to talk slower....... Maaarrkkkeeetsss scaaaaared.   Looooooking fooooor saaaaaafe haaaaven - a fiiiiinanciiiiiial poooooort iiiiiiin coooooooming stooooorm.

or, I could just say that the only aspect of this bitcoin price action that has anything to do with bitcoin itself..... is that it is exuding a sense of confidence coming out of Scaling.  That it is going to survive.   What we are seeing now has to do the markets more than with bitcoin.  So this might very well be different.

bitcoin just does this we're all used to it now.

Less than 30 minutes later, Bitcoin jumped another $10 on steady incline.  I honestly hope something happens to slow this.  I can't really feel a "planned takedown" in this action/timing.  It may run for a bit.

Market down 2% +/-
Oil down 3% +/-
Silver down 1.5% +/-
Golds about flat (which means it is most likely experiencing increasing demand even as it is experiencing forced liquidation selling in order to raise cover capitol - so on a day like today that is a clear sign gold is also gaining safe haven support)

Bitcoin up 7% +/-

I think we are seeing a new Safe Haven Currency arising