Ninjastic
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Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
BitChick
on 27/02/2014, 22:46:58 UTC
Quote from: kkaspar on February 27, 2014, 10:31:36 PM
Quote from: optimi on February 27, 2014, 10:27:56 PM
Quote from: cbutters on February 27, 2014, 10:20:31 PM
suspense in the air is killing me!..... who will move first.... and who will move harder?

Gox in trouble -> publicity -> more people understand btc -> people decide they want to be part of it -> a few days pass until they get their money into the exchanges -> I'm writing this post -> another day passes -> the money hits the exchanges -> better wear your space suit

I would really like to meet this person who goes "Hey! Look! People who invested in bitcoin lost money because the exchange service turned out to be fraudulent. Wife, give me my wallet, I'll better transfer some money to a bitcoin exchange quickly to buy those bitcoins"

Yes.  I am not keeping my hopes up right now.  However, let's skip ahead a few weeks and Bitcoin, doing what Bitcoin does, has another little rally and then the press has some sort of news post such as "BITCOIN BACK FROM THE DEAD!"  or "BITCOIN REACHES NEW HEIGHTS IN SPITE OF MT. GOX INSOLVENCY!"  Then eyes might be raised and people will begin to understand that Bitcoin is not as risky of an investment as they were led to believe and suddenly the money will start really pouring in.

But of course, this is all pure speculation on my part.  Grin