Ninjastic
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Mrpumperitis
on 10/05/2015, 19:20:36 UTC
Quote from: gotmilk_ on May 10, 2015, 07:12:20 PM
Quote from: Fatman3001 on May 10, 2015, 07:07:10 PM
Quote from: Mrpumperitis on May 10, 2015, 06:47:40 PM
Quote from: thebitcoinquiz.com on May 10, 2015, 06:40:58 PM
Quote from: Mrpumperitis on May 10, 2015, 06:21:50 PM
got in with 370 btc last week at 230, this week we should be going over 250s Tongue , btc isnt pumping , its undervalued and smart money is buying it up Cool
Its not undervalued. Its rightly valued atm.  Don't expect the price to move upward in the coming 2-3 months, just hope that the dumpers wont dominate the market again.

sorry bro, but i fully expect the price to move upward in the coming 2-3months, we are at a very crucial period, http://www.coindesk.com/swedens-nasdaq-exchange-approves-bitcoin-based-etn/   is one of many reasons. With regulation so near they are stocking up. Once regulated the biggest changes will be in exchanges and coin storage as both will now be fully insured against theft etc. Exchanges will have to comply with the new rules which will mean full id of all users, in return for giving the id you will feel safe knowing your coins are insured. Banks will offer services based on btc and will make it easier and safer for the avergae joe to buy/hold and trade as long as tax is paid.

http://www.coindesk.com/nasdaq-bitcoin-marketplace-noble/   heres another

Most of the coins flowing into XBT Providers ETN will be from KnC Miners stash. This is just a way for KnC to get a pretty penny for their mined coins. I wouldn't expect this to move the market.

Even so... if XBT Provider gets 10mil€ (still small number) in first month this could turn around the whole market. I doubt KNC will simply sell all their coins sub 300$. KNC will probably help them buying on OTC markets.

Everyone from EU will be able to buy XBT shares... So there could be some huge money flow into it.

xbt is just one of many new ventures we will be seeing, also winkles and others working hard to make btc mainstream. we went to $1000 with just silk rd, gox and a few other small fish. Now we have microsoft,dell,virgin,goldman s, nasdaq and much much more, we are defo going up all these guys are waiting for is regulation as its them that have pressed for it most.

Also miners....btc reward halfs in around 12-15 months.