Quote from: luciann on September 09, 2015, 10:14:58 PM

despite all the news hindering the price in some ways like usual.

isnt there a rumor where ubs is on the 1st banks to use the techology as a settlement coin for between partnered banks.

i think itd be huge if they got it to work. it was on the reddit threads recently.

UBS are trialling blockchain tech. Infact, most large institutions are looking into it. Bitcoin itself is not something they are likely to ever hold until it's regulatory framework is mature. We won't see this for a number of years, slow but steady growth is best anyway.

As for all the arguments above about falling price due to demand being less than supply, it doesn't follow if you consider the fact that the supply schedule was even higher before, and we still made a run to over $1000. Besides this, you also have to take into account the cost of mining.

Price movement is always about redistribution of wealth. The market maker runs the price for maximal profit. News good or bad, just allow market participants to give in to emotional trading which is how the MM make their money. It also gives the MM greater liquidity.