Topic: my intuition says: we're sitting on a rocket about to be ignited - page 10. (Read 36883 times)

RALLY TIME

more on that please

BUY BUY BUY! LET THE ROCKET FLY!

Waiting for my funds to clear at Dwolla so I can get all the way in on this ride.

Oh no, this is not a confirmation. I was "feeling" longer term and much bigger rocket. It could be the first stage, though.

I don't put much stock in "feelings" compared with math. However I feel it also. I'm buying some more this weekend.

My screen tells me that you were right.
The rocket has been filled of gas and is now taking off.
Let's see if this one will crash in the see or reach the moon!

IMO, the doubling in the ratio of exchange, due to the halving, occurs this spring/summer, when we got from 5$ to 10$
Meanwhile, I've bet BTC would be traded over 20$ on the 1st Jan 2013, I guess for other reasons !

I'm split as you can see.. so let's bet about the price on the 1st Jan on betsofbitco.in

this has been my contention all along.

You didn't include the election or the upcoming tax changes in the U.S. as one of the reasons.

- http://www.forbes.com/sites/robertwood/2012/10/17/no-matter-who-wins-the-election-higher-taxes-are-certain/


- http://online.wsj.com/article/SB10001424052970204789304578088931525397120.html

So there could be additional amounts of cash newly available for investing and some of that might end up at Bitcoin exchanges.  Today's selloff in the stock markets includes some who are dumping so that their capital gains occur in 2012.

"no-one cares"? Everyone cares and the halving should be priced in "completely" by now, because everyone knows about the halving and has made up his mind on the implications.

It's possible however that the market under- or overestimated the effect and it will keep correcting it's stance even after the halving happened.

I have a slightly different angle: banks are in the business of buying up as many hard assets as possible. The fiat money scam is just a way for them to extract these assets from the population. In the end, it's about power. "He who control the money" and that stuff... it's true.


bureaucrats and politicians are but cogs in a machine, subject to pressure, greed and fear. And yes: that machine can do some damage by strong-arming businesses (and the population in general). Price fixing, all kinds of regulations "in the name of the people", but really against them in the end. The war on drugs fits this description, too.

They might somehow outlaw bitcoin, but they will not succeed in shutting it down and it will remain a tool for the people to re-empower themselves.

 The halving will happen in november in no more than 3 weeks.

I see bitcoin as more of a threat to government than to banks. Banks are businesses, if they can make money they dont give  a crap HOW they make it...

governementson the otherhand, once they get their mind set on something can really do some damage. they have the power to strong arm businesses into doing their bidding if needed which includes keeping banks from doing business with known coin users or even trying to arrest users themselves. making it illegal would be the easiest way to stop bitcoin...

and of course.. it would be in fighting the war on drugs..


'murica!

hey naima, thanks for avatar change. your old one made me feel uneasy.

dead cat bounce Ъ 

a leaky gas tank of the rocket 

banks do not fear bitcoin.

they find our little experiment interesting.
they understand we are trying to take over! 
but they feel invincible, and are having a good laugh about it.

everything is going according to plan 

W.O.W. gold, Adam? You're far to informed about bitcoin to compare it to game currency, sir. Bitcoin is now, and will continue to be, a threat to bankers. Even if bitcoin never reaches the critical mass needed for popular adoption as a store of wealth or currency, it is proving the technological infrastructure needed to empower the masses to wrest their freedom from the hands of their owners has already been developed and implemented. By planting the seeds of doubt in society's mind that the notion "this is how it has always been, and there's nothing we can do about it" is quite evidently no longer true, bitcoin has set in motion the progression toward enlightenment that must occur if society is ever to be free of the bonds of central banking. The realization that free markets need not depend on a corrupt fiat system which fleeces them with reckless abandon to facilitate the buying and selling of goods undermines the power of the central bank. For if the people chose to slough off the burden of financial debasement and taxation, and chose instead to adopt an alternative currency that cannot be debased or manipulated, they renounce the power given to the banks and restore it to the people. This is the greatest threat Bitcoin poses to banks. It is not competition in the global financial market, it is the awakening of the people.


but of course you already knew this, and were just poking fun, right?

yeah, it is me . you're welcome.

OP=Original Poster=molecular