Quote from: hdbuck on July 19, 2014, 02:10:52 PM

Quote from: blatchcorn on July 19, 2014, 02:02:57 PM

Quote from: ShroomsKit on July 19, 2014, 01:55:07 PM

Now with Dell on board you have to be really dumb to just keep selling. It's clear there is only 1 way to go and that's up.
Then again i love seeing those idiots lose their money. Nothing better than seeing a 200 dump and the price going up 5 minutes later.

The dumb bears will still be saying merchant acceptance leads to more bitcoin being converted to fiat, which is very very shortsighted

merchants would not convert btc>fiat using public exchanges anyway. + we all seem to look closely to these type of exchanges and their prices but it aint were most of bitcoins are (there is around 2 to 3 millions BTC out of 13million total on public exchanges).

The early acceptor merchants are quite foolish to not be holding until the ETF materializes. There is limited risk that the price of bitcoin will be less than the price at the launch of the ETF, and they could easily hedge right away by going short. As it is now they are selling coins to the very people stomping the price on Bitfinex and Bitstamp.