Public interest will not drive the next rally - page 2.

Ibian

legendary

Activity: 2268

Merit: 1278

Quote from: exocytosis on August 23, 2014, 03:03:55 PM

Quote from: Ibian on August 23, 2014, 03:00:58 PM

It's never the average people who are at the forefront of innovation. The next bubble will be fueled by smart money. Frontrunners. The kind that frontruns other kind of Big Money. This is also why the price hasn't gone up already, they know how to accumulate without raising the price.

What? Can't you see the massive contradiction here? First, you're claiming that smart money will fuel the next bubble. Then you go on to claim that smart money are accumulating coins without raising the price? Roll Eyes

As soon as it is profitable to do so, and not necessarily by using their own money. Eventually, as the supply outside exchanges dries up, something will have to give.

exocytosis

sr. member

Activity: 476

Merit: 250

Quote from: Ibian on August 23, 2014, 03:00:58 PM

It's never the average people who are at the forefront of innovation. The next bubble will be fueled by smart money. Frontrunners. The kind that frontruns other kind of Big Money. This is also why the price hasn't gone up already, they know how to accumulate without raising the price.

What? Can't you see the massive contradiction here? First, you're claiming that smart money will fuel the next bubble. Then you go on to claim that smart money are accumulating coins without raising the price? Roll Eyes

Ibian

legendary

Activity: 2268

Merit: 1278

I see people talking about the lack of interest from Joe Public and how that means the Joes of the world will not pump the price. This appears to be true. And This Is Actually Good News™.

It's never the average people who are at the forefront of innovation. The next bubble will be fueled by smart money. Frontrunners. The kind that frontruns other kind of Big Money. This is also why the price hasn't gone up already, they know how to accumulate without raising the price.

After that, the laggardly kind of Big Money will pump us further. And then eventually, with safer and easier ways to store coins available, Joe Average will start buying in - after a lengthy media hype campaign.

Patience. This is still very early days.

Topic: Public interest will not drive the next rally - page 2. (Read 1820 times)