What possible event on horizon will rocket bitcoin to the moon again?

empoweoqwj

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Quote from: 600watt on January 29, 2014, 09:11:36 AM

Quote from: empoweoqwj on January 29, 2014, 09:08:12 AM

Quote from: 600watt on January 29, 2014, 09:04:52 AM

my point was directed more towards the fact that a bitcoin friendly banks exists already.

Very few. many an exchange has had to close down because of banking issues. Where are all these bitcoin-friendly banks? I"m sure the exchanges would love to partner with them.

better ?

"better?" - what does that mean please

aminorex

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Sine secretum non libertas

Here's what we've got so far:

1) Major legacy bank exchange
2) Amazon.com
3) Usable software
4) Remove overhang (e.g. FBI coins)
5) Systemic/national financial instability

Here are some more:

6) Favorable regulatory change (e.g. China wises up, or India)
7) Killer app gains traction
Cool

Remittance network adoption curve inflects
9) ETF opens in U.S. or London
a) Leading investor takes large postion
b) National police/spies/military accumulate tactical holdings
c) Central banks accumulate strategic holdings

It would be useful to estimate pdf vs. time for these and any more suggested

600watt

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Quote from: empoweoqwj on January 29, 2014, 09:08:12 AM

Quote from: 600watt on January 29, 2014, 09:04:52 AM

my point was directed more towards the fact that a bitcoin friendly banks exists already.

Very few. many an exchange has had to close down because of banking issues. Where are all these bitcoin-friendly banks? I"m sure the exchanges would love to partner with them.

better ?

empoweoqwj

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Merit: 500

Quote from: 600watt on January 29, 2014, 09:04:52 AM

Quote from: empoweoqwj on January 29, 2014, 08:56:54 AM

Quote from: 600watt on January 29, 2014, 08:54:01 AM

Quote from: Chalkbot on January 28, 2014, 05:19:25 PM

Bank or Credit union cooperation - I think some small bank or credit union will declare themselves "bitcoin friendly" on the tails of all the senate hearings, enabling much needed infrastructure and alleviating some fears and hesitations.

first little steps have been taken regarding bank cooperation

http://www.coindesk.com/kraken-partners-fidor-bank-offer-bitcoin-trading-services/

That is a small step given that kraken has no volume Cool

my point was directed more towards the fact that bitcoin friendly banks exist already.

Very few. many an exchange has had to close down because of banking issues. Where are all these bitcoin-friendly banks? I"m sure the exchanges would love to partner with them.

600watt

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Activity: 2338

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Quote from: empoweoqwj on January 29, 2014, 08:56:54 AM

Quote from: 600watt on January 29, 2014, 08:54:01 AM

Quote from: Chalkbot on January 28, 2014, 05:19:25 PM

Bank or Credit union cooperation - I think some small bank or credit union will declare themselves "bitcoin friendly" on the tails of all the senate hearings, enabling much needed infrastructure and alleviating some fears and hesitations.

first little steps have been taken regarding bank cooperation

http://www.coindesk.com/kraken-partners-fidor-bank-offer-bitcoin-trading-services/

That is a small step given that kraken has no volume Cool

my point was directed more towards the fact that bitcoin friendly banks exist already.

empoweoqwj

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Activity: 518

Merit: 500

Quote from: 600watt on January 29, 2014, 08:54:01 AM

Quote from: Chalkbot on January 28, 2014, 05:19:25 PM

Bank or Credit union cooperation - I think some small bank or credit union will declare themselves "bitcoin friendly" on the tails of all the senate hearings, enabling much needed infrastructure and alleviating some fears and hesitations.

first little steps have been taken regarding bank cooperation

http://www.coindesk.com/kraken-partners-fidor-bank-offer-bitcoin-trading-services/

That is a small step given that kraken has no volume Cool

600watt

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Quote from: Chalkbot on January 28, 2014, 05:19:25 PM

Bank or Credit union cooperation - I think some small bank or credit union will declare themselves "bitcoin friendly" on the tails of all the senate hearings, enabling much needed infrastructure and alleviating some fears and hesitations.

first little steps have been taken regarding bank cooperation

http://www.coindesk.com/kraken-partners-fidor-bank-offer-bitcoin-trading-services/

Hyena

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Quote from: TERA on January 28, 2014, 06:46:36 PM

Bitcoin is already on the moon. You need a different target, like Mars, or the Oort Cloud.

+1

It's time for Mars now. Early majority is starting to ask questions about Bitcoin. Soon it will go viral and that could be the next nitromethane for Bitcoin's rocket. Bitcoin is a vote against banks. I wonder who will be left holding all the fiat in the world Cheesy

, laggards?

empoweoqwj

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Quote from: Elwar on January 29, 2014, 05:22:39 AM

After the Feds sell off all of their bitcoins it will skyrocket. But when they sell off the price will drop first.

"All of their bitcoins" implies successful prosection against DPR. That could be years away ............

Elwar

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Viva Ut Vivas

After the Feds sell off all of their bitcoins it will skyrocket. But when they sell off the price will drop first.

Holliday

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Quote from: Walsoraj on January 28, 2014, 05:41:53 PM

~~Zero fees + no~~ gov regulation = hyper price manipulation

FTFY.

billyjoeallen

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Hide your women

If we liken the Bitcoin network to the early internet, we need the equivalent of a mozilla browser. The software is not yet ready for mainstream. The metadata layer is pregnant with possibilities. such as:

Id really like an email service where I could charge milibit postage for the privilege of spamming me. If enough of us migrated to a service like that, it would reach critical mass and we could ditch our regular email accounts.

I don't want a bitcoin friendly bank. I don't want a bank. I want to eliminate the need for banks. I want to get paid in bitcoin, spend bitcoin, lend bitcoin, borrow bitcoin, save bitcoin and only convert to dollars to pay taxes.

Hey, how about a cable TV show about Bitcoin millionaires similar to MTV's CRIBS?

Bitbuy

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Major retailer / company accepting BTC in an EASY and FOOLPROOF way...
when that happens, others will follow suit...TO THA MOON!

windjc

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Major Internet company paying employees with bitcoin. Bitpay is in discussions with companies now to set this up. Once employee payments are as widespread as companies accepting bitcoin are becoming, then this will be a major step forward. If people can accept a portion of their paycheck in bitcoin then accessibility goes to an entirely different level.

empoweoqwj

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Amazon.com accepting it. Job done.

TERA

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Bitcoin is already on the moon. You need a different target, like Mars, or the Oort Cloud.

Torque

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Quote from: keithers on January 28, 2014, 05:27:40 PM

As much as a lot of people don't want to hear this because of the ideals of many bitcoiners, one of the major banks coming forward and publicly supporting or backing bitcoin (by pumping a lot of money into it), could push the value significantly higher quickly).

I have heard from a few people in the industry that this is close to happening and may happen in the next few months. Wells Fargo is obviously sticking their feelers out there right now. They have usually been the most cautious of the major banks in the past (which is why they did not even really need any of the bank bailout funds). While all the banks were making money hand over fist with the Negative-Amortization Mortgages, Wells Fargo pretty much steered clear.

It would be weird to see them jump in first to bitcoin, but it could happen. Another thing to keep in mind is that Wells Fargo is partially the United States Gov't, so it could be a way for the Gov't to get there hands into bitcoin without the general public even realizing it...

I agree with the Wells Fargo scenario. One of the regulators on the panel even hinted as much, with his comment of "have you guys thought about becoming or funding/supporting a bitcoin bank?" The implication being that US banks already have to comply with US state money transmitter and KYC laws/regulations, and so thus a US bank would have a much easier time becoming a US-based bitcoin exchange.

But the question becomes, what exactly does a US bank have for incentive to becoming a bitcoin exchange? Perhaps fiat conversion fees? Trading fees? Or maybe they wave the fees... I could see them only supporting their own bank accounts for ACH transfers. Not exactly decentralized and unbiased, if you ask me. But the average US-based Joe bitcoiner might see this as a "lesser of two evils" as opposed to relying on Coinbase and the foreign bitcoin exchanges for everything bitcoin-related.

If a US bank jumped in, I could see others follow in short order...

meanig

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Euro bail in, currency meltdown in emerging markets (Turkey just raised their interest rates from 7% to 12 %, what's that going to do to mortgage holders Shocked

) and the Winklevoss ETF.

Walsoraj

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Ultranode

Zero fees + no gov regulation = hyper price manipulation

UnDerDoG81

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Quote from: GreekBitcoin on January 28, 2014, 12:34:07 PM

kill retarded clone coins. this is already happening
make more companies/services accept bitcoins. this is already happening
make more services/ideas specific for bitcoins this is already happening
make bitcoin easier to understand and use even for those with 0 knowledge of computers this is already happening
make it even more well known to the world. Spread the world this is already happening
try to persuade a country or a billionaire to use Bitcoins. For example Cuba has problems with dollars when exporting stuff (not that i am saying that cuba will ever use bitcoin of course). Same goes for Iran and North Korea.

relax and wait...

make bitcoin much easier to buy and sell

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