Quote from: BitChick on August 31, 2013, 09:23:45 PM

Quote from: RationalSpeculator on August 31, 2013, 09:20:37 PM

Quote from: sunnankar on August 31, 2013, 08:19:17 PM

Quote from: FNG on August 31, 2013, 02:52:44 PM

Quote from: sunnankar on August 31, 2013, 02:46:27 PM

I have been in NYC the past two weeks working on several very significant Bitcoin related projects.

Any chance you can elaborate? Also - Will you be posting to your blog anytime soon?

Wish I could.

Just wait for the news, serious journalists like the WSJ have already been getting briefed but cannot write about it yet, which should come out around the last week of September. Additionally, this fall there will be probably 6+ 'big names', like Richard Bove or Chamath Palihapitiya [starting at 19:15], in the investment community that will come out in favor of Bitcoin and that will cause a lemming like effect.

And the private wealth managers out of Asia are stacking Bitcoins away as the new favorite asset class. Many of the HNWI family offices will not make an investment in the sub-$25-50m range. So, when Bitcoin melts up then it is going to be free range for a lot of these ultra-rich Asia families to move in.

If about $1m of new capital moves the price $9 then just imagine what $500m-$1B of new capital flowing into this asset class would do to the price. Especially if that $500m requires 'clean bitcoins' from a known source of funds. The making of a 'melt-up' in price to a much more fundamentally sound valuation since Bitcoins are largely undervalued given their characterstics (no counter-party risk, cannot be seized and equity based like gold).

This is going to be a wild ride this fall. So strap yourselves in and let's kick the tires and light the fires!

Sure but all these things take time.

I remember when prices were going vertical in April, already around $200 you were posting similar bullish stories.

It collapsed for months afterwards and no posts from you about the price. Now that price goes vertical again you are back?

I'll forgive you since you are always bullish, also on lows, but I'm not impressed with your timing lately.

Maybe the lack of comments on the lows was because he knew that it was just a matter of time before we would be back up again? I think so many people panicked during the past few months. Since I am generally very bullish I just held on during the lows with some assurance that we would eventually get back into a bull run at some point.

sunnankar is a professional investment advisor. When BTC crashed (and who could have predicted it between 100 to 500) of course it becomes necessary to look at other things. If you are a painter sometimes you paint houses, sometimes bridges or boats. But I did not hear sunnankar "dumping" bitcoin... he probably just had to do other stuff for awhile. Whales make the same mistakes as the majority, following trends.

RS, start thinking rationally not emotionally here. (sorry that you sold :-)) Put the post in its context. This venue makes it extremely unlikely that it is a "pump" attempt, as compared to the broader media outlets that sunnankar has access to or even the wall observer thread.

I am glad to hear about a resumption of activity, esp. in the USA. Clearly the effect of the Bitcoin Foundation's meeting was to ease some fundamental risk factor in some participants and their friends' minds. Something fundamental and non-specific -- like maybe that BTC would be simply declared illegal in USA...