Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
ImI
on 25/07/2015, 01:31:35 UTC


Quote
The halving will spur a lot of buzz


Why ?

Markets love dates and events they can speculate onwards to. The halving is an perfect event to start a hype cause its a.) very easy to understand for everybody and it has b.) an obv bullish undertone as supply gets smaller. This will definitely get picked up by the mainstream media in spring 2016. CNBC and others love such stories.

Why "Just 0.001% would be enough." ?


Given the Billions that are moved at the financial markets every day BTC needs just a very tiny amount to get pushed in one way or another. The BTC markets are moved by single Millions at the moment.

So overall you are Bullish if I'm not mistaken ?

Yes. But there are obv problems also imo. Adoption isnt going forward as smooth and fast as expected. Bitcoin seems to be at this moment more a tool of speculation than a real life device.