Ninjastic
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
shmadz
on 10/05/2015, 21:35:35 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.

I couldn't find the report about the Swiss fund that was considering taking all it's money out of the bank and holding it in a vault, but I did find this.

http://www.businessinsider.com/r-snb-considering-higher-negative-interest-rates-schweiz-am-sonntag-2015-3
"a rate of minus 1.5 percent is being considered".

The war on savers is going to force people to find alternatives.

*Edit - found it
http://www.acting-man.com/?p=37037
"One fund manager showed that for every CHF 10 m. in pension money, his fund would save CHF 25,000 – in spite of the costs involved in vault rent, cash transportation and other expenses."