Topic: The enemies of bitcoin price rise! (Read 3861 times)

Aliens...or, more likely, governments and high finance

https://www.youtube.com/watch?v=lYi0deWPibU

Interesting throw away sound byte but totally flawed.

The super Elite (as you refer to them) became rich by design not accident. So if the super Elite motivated by money, as you are suggesting, then why are these people going to stifle a new technology which could make them EVEN MORE super rich.

You are confusing individuals with large established institutions. The institutions in the financial sectorare well established and make money from FIAT. They will be slow to change and highly resistant as it affects their bottom line and not seen to be in their interest.
For example: look at the turn of the millenium, Established Music Industry (institution) verses Napster (P2P technology not too dissimilar to Bitcoin infrastructure)
Music Industry spent billions in law suits in a vain attempt to stop progress. Yes they did stifle Napster but in less than 10 years the music industry lost out and embracing technology i.e. Spotify. The only difference is that Napster was a lone candle in the wind whereas Bitcoin is a lot more established, has global presence and ininity more difficult to stifle but they will keep trying!

Super Elite are wealthy indviduals who go where the profit is however they are also risk adverse so tend to jump on board AFTER early adoption and before its too late. At the moment its the tech Savvy super elite who are investing but its only a matter of time before more super elite choose to include Bitcoin within there portfolio.

To summarise, don't assume that super elite are smart enough to be wealthy yet stupid enough to miss out on an opportunity.. Thats why they are Rich! They are also cautious and risk adverse so will wait till they feel comfortable

Speculators, mining supply, speculators, speculators, speculators and speculators.

If people hoard them during the dumps, what causes the dump?
Considering we've seen a few big ones last months

Actually people spend bitcoins when the price has risen and tend to hoard them during price falls.

Hodlers. If they would have sold at the right time, the price would have found THE bottom by now and we would be going up.

If price dont raise dont mean is stable. IT can also fall. So only answer is: Those that dont have Bitcoins.

Hoarders and Sellers.

The enemies of bitcoin price rise:  Sellers (non-hodlers)!

They don't want the price to go up, because they have sold recently (can't cope with escaped profits).


Selling is crime! Don't even think about it!


ya.ya.yo!

I'm torn on the issue. I would like the price to drop to buy more, but I also hold a decent amount so of course I want the price to rise, which I believe it will with time hence why I'd like to buy more.

Maybe somebody who is heavily vested in an AltCoin? If Bitcoin crashes then they hope that people would start buying their shitcoin instead.

I think it's going to be really stable for an entire year on the current price range with very gradual growth. There aren't solid reasons to BTC to go rally mode again unless something really unexpected happens, such as, a non poor country (european) going Cyprus again.

I don't want it to go down, but I wish it would find a stable price and stay there for a year or so so I can aquire as many as possible, then it can go up  . In the near future I want to be able to spend my bitcoins around the world and on whatever I want and obviously adoption is key to both this and the price rising, but I'd like for it to remain stable the most so it can be seen as a viable currency.

I like bitcoin being stable, it makes people more willing to spend it. If price of bitcoin rises, let's say 10% per month, holders will postpone purchases because they will get a better deal.

Very good points.
World banking and financial institutions are the biggest enemy of bitcoin.
If bitcoin project become successful, and mainstream, they will loose financial power and control over average people.
They will do everything in their power to prevent it!

The ones who want some more cheap coins.
They spread FUD.

They gain me never paying them a single satoshi. Every single day should be an ATH, even if by $0.01 USD. The crash from $1250 and repeated tanking after every time I acquire post-crash BTC, makes spending BTC... https://www.youtube.com/watch?v=07So_lJQyqw

I am in favor of a slow gradual climb. This is a more attractive scenario for long term investors and anyone who wants to actually use Bitcoin as a currency.

Quick jumps and crashes are not the characteristics of a stable currency that can be relied on for preserving value.

Would I like it to jump to $10,000 each and stay at that level tomorrow? Yes. Will that happen if it is not a stable currency? No.

That would mostly be the current super elites, they have no reason to want bitcoin to take off:

1.) They already control money and resources on the planet
2.) They dont need bitcoin to move money fast & securely
3.) They make profit from the 3rd party money transaction confirmation system

First of all... The new merchant

They can establish their market in low price.