We already have a decentralized p2p exchange (Nxt has launched one this week)
Topic: Walter Zimmerman (Read 1343 times)
We already have a decentralized p2p exchange (Nxt has launched one this week)
Winklevoss ETF + US exchange + decentralized p2p exchange are what we need. Something for everyone.
Without proper infrastructure (US-based exchanges a la NYSE/NASDAQ) in place, big players are not going to come. Winklevoss ETF goes a long way toward the proper infrastructure but not quite. We are still missing some big pieces of the puzzle.
I hope that 10% of what you have said is true .....
It has taken a couple of core fundamentals to be in place before the real players can even consider entering the room of crypto
TAXABLE & Bloomberg Listing = LEGIT
It has taken a couple of core fundamentals to be in place before the real players can even consider entering the room of crypto
TAXABLE & Bloomberg Listing = LEGIT
Not quite there yet but soon I feel. ETF's, derivatives and most importantly more liquidity.
Agree, think it's the western world and adoption in the West that's gonna drive price action in 2014
Asia important but more part of the longer-term story
Asia important but more part of the longer-term story
I hope that 10% of what you have said is true .....
It has taken a couple of core fundamentals to be in place before the real players can even consider entering the room of crypto
TAXABLE & Bloomberg Listing = LEGIT
The next Upward trend will be driven by the west ... I am sick of bowing down to our asian overlords
It has taken a couple of core fundamentals to be in place before the real players can even consider entering the room of crypto
TAXABLE & Bloomberg Listing = LEGIT
The next Upward trend will be driven by the west ... I am sick of bowing down to our asian overlords
I received the original PDF of Zimmerman's technical analysis (http://www.coindesk.com/bitcoins-falling-volume-herald-bull-run/) a few days ago from a friend who is the head of one of the worlds largest commodities traders in the world (Think revenues bigger than GE and Exxon combined...).
He hadn't understood Bitcoin for some time with the constant whats the intrinsic value argument in the back of his mind for some time. He is also for sure the smartest person I have ever met (undercover billionaire for sure). Once I explained the block chain to him over breakfast in between his 3 phones constantly ringing it piqued his interest.
He asked me to send him more info so a few days later I sent him the white paper, Marc Andreesen's article on why bit coin matters and as a bit of fun, Slippery Slope's million dollar model. He responded with interest and now he is sending me all their analysis that they are doing.
These guys are watching and waiting now. Not to say they are completely bullish yet but I think come the ETF's, options and derivatives, once they can hedge themselves a little better then things are going the way of slippery slopes model IMHO.
All this tells me that all the smart people get it once you furnish them with the correct facts. It is simply that a lot of them are not bothered to find the correct facts as they are too busy to listen to anything other than the media. When you meet people tell them that the currency is just the first app of the block chain. THEN they get it.
He hadn't understood Bitcoin for some time with the constant whats the intrinsic value argument in the back of his mind for some time. He is also for sure the smartest person I have ever met (undercover billionaire for sure). Once I explained the block chain to him over breakfast in between his 3 phones constantly ringing it piqued his interest.
He asked me to send him more info so a few days later I sent him the white paper, Marc Andreesen's article on why bit coin matters and as a bit of fun, Slippery Slope's million dollar model. He responded with interest and now he is sending me all their analysis that they are doing.
These guys are watching and waiting now. Not to say they are completely bullish yet but I think come the ETF's, options and derivatives, once they can hedge themselves a little better then things are going the way of slippery slopes model IMHO.
All this tells me that all the smart people get it once you furnish them with the correct facts. It is simply that a lot of them are not bothered to find the correct facts as they are too busy to listen to anything other than the media. When you meet people tell them that the currency is just the first app of the block chain. THEN they get it.
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