Pages:
Author

Topic: What will bring BTC price back up? (Read 2352 times)

legendary
Activity: 1204
Merit: 1002
October 07, 2014, 03:42:58 PM
#28
Such as Chinese gov cancels the restriction to financial institutions dealing with Bitcoin.
There's discussion in China of reducing exchange controls on yuan. But if China reduces exchange controls, people with yuan in China won't need Bitcoin. The China bubble was because, for a brief period, Bitcoin was a safe, legal, remote way to convert yuan into dollars or euros. The previous legal approach was to get all your relatives to travel to Hong Kong every three months, loaded up with the legal maximum of yuan notes. This is a pain if you're not in Shenzhen.

If you have no idea what the above is about, you probably were screwed by the collapse of Bitcoin prices.
legendary
Activity: 2044
Merit: 1005
October 07, 2014, 12:43:58 PM
#27
Pretty much all the big countries (Russia, China, India) are banning or putting a soft ban on bitcoin. Can't see how bitcoin can gain significant market base in the future.

Do the opposite of what you think, and you may come out on top.
anu
legendary
Activity: 1218
Merit: 1001
RepuX - Enterprise Blockchain Protocol
October 07, 2014, 02:52:22 AM
#26
Pretty much all the big countries (Russia, China, India) are banning or putting a soft ban on bitcoin. Can't see how bitcoin can gain significant market base in the future.

Understandable. They had us in the yoke. Inflation tax. Interest ridden debt money. And now the promise of total control through the "Cashless Society". More power than even Stalin could dream of in his wettest dreams.

Before Bitcoin came along, I was certain that we are headed for perpetual totalitarianism and tyranny. Bruce Schneier has it partly right. The business model of the Internet is not only surveillance, it is also control. Now that Bitcoin arrived we are presented with a choice:

  • Do you want to grant the government a veto right on each of your transactions?
  • Do you wish to vastly extend the governments practical ability to tax you through complete transparency of ALL your financials
  • Do you want to grant the government the power to exterminate anyone at any time by simply ceasing to cooperate with that individual?

O Yes (use govt controlled e-money)
O No  (use decentralized money)

This should answer your question: Bitcoin will gain market share if people vote NO.
legendary
Activity: 1232
Merit: 1000
October 07, 2014, 01:41:11 AM
#25
Pretty much all the big countries (Russia, China, India) are banning or putting a soft ban on bitcoin. Can't see how bitcoin can gain significant market base in the future.

These countries do not have full capital account convertibility and bitcoin can pose a threat to that. I can only see bitcoin adoption increasing in these countries.
legendary
Activity: 2674
Merit: 2965
Terminated.
October 06, 2014, 04:37:27 PM
#24
Pretty much all the big countries (Russia, China, India) are banning or putting a soft ban on bitcoin. Can't see how bitcoin can gain significant market base in the future.
Well exactly how wealthy do you think people are in those 3 countries?
They may be big, but quantity isn't everything. Do you really believe that if Bitcoin (I'm saying IF) is adopted by most of the world, that those counties would keep up their bans?
It would be same if they hadn't adopted CCs, where would they be now?  Roll Eyes

Of course the price will go UP at some point. Why are people so scared my question is?
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
October 06, 2014, 04:25:58 PM
#23
Pretty much all the big countries (Russia, China, India) are banning or putting a soft ban on bitcoin. Can't see how bitcoin can gain significant market base in the future.

If China bans Bitcoin any more they'll have all of the bitcoins.
newbie
Activity: 42
Merit: 0
October 06, 2014, 04:13:14 PM
#22
Pretty much all the big countries (Russia, China, India) are banning or putting a soft ban on bitcoin. Can't see how bitcoin can gain significant market base in the future.
48,532 JAPANESE MERCHANTS CAN ACCEPT BITCOIN IN NOVEMBER WITH GMO
https://www.cryptocoinsnews.com/48532-japanese-merchants-can-accept-bitcoin-in-november-with-gmo/
full member
Activity: 306
Merit: 102
October 06, 2014, 04:10:15 PM
#21
Pretty much all the big countries (Russia, China, India) are banning or putting a soft ban on bitcoin. Can't see how bitcoin can gain significant market base in the future.
legendary
Activity: 2044
Merit: 1005
October 06, 2014, 03:53:54 PM
#20
The fact that more people are willing to buy than sell Smiley... there are more and more ppl wanting to buy thus it will go up even in the face of big sellers.
hero member
Activity: 924
Merit: 1000
October 06, 2014, 03:51:48 PM
#19
Now that the big selling pressure is relieved, I do believe we will go upwards for awhile.
legendary
Activity: 4116
Merit: 4738
You're never too old to think young.
October 06, 2014, 03:50:08 PM
#18
What will bring BTC price back up?

Time.
member
Activity: 84
Merit: 10
★Bitin.io★ - Instant Exchange
October 06, 2014, 03:47:28 PM
#17
Price will raise up by itself. Nothing special will need to happen.
legendary
Activity: 938
Merit: 1000
BTC | LTC | XLM | VEN | ARDR
October 06, 2014, 01:58:49 PM
#16
Capitulation of a lot of unexperienced 'investors', or better speculators. Well, there is a ton of FIAT on the sidelines now, very ready to be put into BTC again, which will happen as soon as we find the real bottom! If that happens, we will see another rise, increased media coverage, and thus a new bubble!

My thoughts and hopes exactly, this time I will see profit 2!!! Grin
sr. member
Activity: 378
Merit: 250
FURring bitcoin up since 1762
October 06, 2014, 08:48:41 AM
#15
Capitulation of a lot of unexperienced 'investors', or better speculators. Well, there is a ton of FIAT on the sidelines now, very ready to be put into BTC again, which will happen as soon as we find the real bottom! If that happens, we will see another rise, increased media coverage, and thus a new bubble!
hero member
Activity: 672
Merit: 503
October 06, 2014, 08:45:54 AM
#14
When merchants in eBay are actually able to use BTC to recieve payments. Then maybe people starts getting aware of what Bitcoin is and start using it, provided it has real benefits against good ol fiat.
hero member
Activity: 894
Merit: 501
October 06, 2014, 07:21:58 AM
#13
mass adoption. that is all.

patience, the infrastructure is increasingly capable to cater for it
hero member
Activity: 574
Merit: 500
Call me Alice. just Alice.
October 06, 2014, 07:17:39 AM
#12
Some really positive news is needed to push up the price. Such as Chinese goc cancels the restriction to financial institutions dealing with bitcoin. Or Chinese banks embrace the bitcoin payment.

This.

This would be the rocket we've all been waiting for.
hero member
Activity: 2184
Merit: 513
Moonbet.io | Web3 Casino
October 06, 2014, 06:59:30 AM
#11
I will hold my BTC for long term Smiley I don't care about current rates of BTC because this fluctuation in rates like last year was go up to 1200$ then we guys have to wait for it Smiley I am sure it will come back soon to track of upward looping Smiley
anu
legendary
Activity: 1218
Merit: 1001
RepuX - Enterprise Blockchain Protocol
October 06, 2014, 05:49:04 AM
#10

If selling continues, then how can the price bounce back?


I guess a lot of those who sold higher will buy back once they believe that bottom has been reached. We probably have seen some of that during the last 24 hours. Volume has been at 750K. Sellers are running out of steam.
legendary
Activity: 1596
Merit: 1000
October 06, 2014, 04:14:41 AM
#9
Some really positive news is needed to push up the price. Such as Chinese goc cancels the restriction to financial institutions dealing with bitcoin. Or Chinese banks embrace the bitcoin payment.
Pages:
Jump to: