Bitcoin Forum

I only think this because those people can't afford current price of Bitcoin ,but they had realize that Bitcoin would be a good opportunity to increase their money. Those people willing to see the price drop and then buying...

Am I right? otherwise I can't figure out any benefit for them to expect a crash on BITCOIN .

I sold at $116 and have an order outstanding at $114 for nearly 24 hours now.  Most "bears" are in the same position.  If we want to profit, we need the price to fall.  Or else to accept we called the top of the market wrong and buy back in.

People pay higher price for BTC expecting price to rise, if it does more value, If it drops there BTC loses value.

People sell out there BTC if prices fall, more BTC can be gained. If it rises you lose BTC.

Two ways to profit.

I'm personally in the latter. Gaining BTC is in my mind, the only real way to make long term gains in this market.

That aside BTC is still a bit of mystery. Is the current price healthy? A farce? Undervalued? Overvalued? Everyone has their own ideas, so you should make up your mind, but consider it carefully.

Wow, unlucky. It went down to 115 lunch time today.

I think that It need drop the price and grow slow. In this way it will be more stable the price.

The other way to make long term gains is to buy and hold.

Could an alternative explanation be that some people think that BTC is very overvalued based on speculations at the moment?

There is no benefit in expecting either a crash or a boom, the benefit is in predicting it and buying in or selling out at a favourable moment.

It is incorrect to say bitcoin is not affordable.  No matter the price, one can buy some bitcoin. Gold for example is expensive and few can buy a gold bar. However *anyone could buy a 1/10 oz. coin and get into gold.
I think bitcoin looks very strong on the five year time-line. A drop today would be welcome by me because I could own more and increase my future profits. I think I would still be quite profitable buying at current market rates, but every dollar counts!

True. But in the BTC world everything can backfire right? Even though I believe in BTC, after seeing how easy it is to shift the prices in whichever direction I can't ignore the possibilities.

If we hit double digits again - I'll pawn stuff to buy more btc if I have to.

 Because they hate our freedom.  :(

LOL - I hope you are trolling. "Hate our freedom" *chukkles*

they are working for the FED.  ;D

Almost the same here. At least if we go under $50. Then it's time to sell the car, computer, fridge etc.

I am 100% bull, both long-term and short-term wise.
There was moment when I wanted the price to go down a bit, that was when I had no Bitcoins in my hands.
I learned the lesson and never sell all of my Bitcoins ever gain!

If a day trader sells, then the day trader wants cheaper BTC to make a profit.

If someone is holding on to BTC, then a cheaper price means they can get even more BTC to hold onto for less money.

Everyone here wants a price that will make them the most profit.

For example, if the price goes under $10 and there is no real reason for this, for example its a panic sell because of a dropping price and not a flaw in SHA256. Then I start selling everything for BTC, including the wife....

:)

She would be the first thing to go!

I like the way you talk.... especially the Wife part.. personally I want to join short-trade ,but my BTC had  stuck in the BITFUNDER. I can't sell my stock with right price...it is panic for me...really....

Might wanna head to the pawn shop now because I just don't see how Bitcoin is not going to retest its lows and it will be in double digits long before that.  My feeling has been consistent with most that that's probably around the 50 mark.  Dosen't mean its coming in some huge crash but I feel like Bitcoin's long term viability depends on it.  

Every up swing is based on pure speculation so even if it should launch to 1000 tomorrow, there's nothing really holding it up and thus...well...you know..."the bigger they are, the harder they fall."  

I want cheaper Bitcoins like anyone but if you're a long term believer in Bitcoin, slow steady growth is what is needed to prevent all this volatility, that is keeping businesses from adopting this currency.

I am deeply agree with you that volatility will killing bitcoin for daily uses.

As long as less then a million $ can move the rate 10% up or down there won't be stable rates imho. So the only way to get a (halfway) stable rate would be through hugely increased market cap (==hugely increased exchange rate).

Because of this is unlikely that we will go again below $50

While I do disagree with this, it's also quite possible it could be true so, I respect your opinion. 

To buy cheap Bitcoins

What is your theory how to achive stability? Or do you think this is not possible at all?

Yep.. they think they're affecting the price  ???

I think it was overvalued, and a lot of outsiders do to an even greater extent. A lower price reduces the perception of risk and make Bitcoin a more attractive investment, as well as a more attractive currency.

I would like the ability to sell the bitcoin short and buy and sell options ( Calls and Puts ) on the bitcoin. Allowing this to happen would stop the big random swings in the price.

I don't think it's possible, I know it's possible.  I lean toward the business adoption side of things, which in turn will drive market cap by default.  The more businesses that accept Bitcoin, the more confident people will become in the currency and thus the swings will become smaller and smaller as people stop freaking out all the time.  More businesses bring more credibility and credibility breeds confidence.  When you have confidence in Bitcoin, it will stabilize and grow at a more steady and regular pace.  

Right now these markets are all speculation.  There's nothing driving them but pure greed and fear.  Fear that the bottom can fall out at any time but with more business adoption, this fear is diminished because the chances of the bottom falling out become slimmer and slimmer.  (Or at least the perception of that.)  

So I'd say maybe we are two sides of the same coin.  I just don't think dumping tons of money into Bitcoin (market cap) will stabilize anything, so that's not the goal.  We've seen that happen and it just made things more volatile.  We should work toward business adoption and let market cap rise by default.  That's my view anyway.

Indeed I have to agree, that a raised market cap by increased adoption would be best!

Or not everyone is stuck in the simplistic mindset that "up is good, down is bad!". If the price is indeed going down then it's beneficial to expect it to go down, obviously.

If you can predict the drop (or watch the market closely enough) you can sell before the price drops too far and rebuy before it rises too much. It's like we are all playing chicken against one another. It's exciting and we hope to profit from it.

Because we predicted a fall ages ago and put some shorts in.

Now we're cashing out.

Thanks to those guys who were hyping the price back in March & April. You guys are paying our profits!!!

Because bitcoin is going to engage the warp drive and skyrocket to much higher prices.

A crash only means cheaper coins and is a good thing!

Bitcoins are useful.

They're the only currency, token, instrument or credit you can use to pay for data to be signed into the blockchain (where it will remain indefinitely until spent). Furthermore, they're the unit of record for those transactions - any other atomically-transferrable blockchain object must be "made of" bitcoins. That's huge. That's intrinsic value.

If I can buy something of intrinsic value for cheap (compared to recent prices), why wouldn't that feel pretty cool?

+1

It's good, the more it falls the more people come in and buy.
Then it rises and theres more bitcoin to spend among bitcoin users, creating more profit for businesses.

I think it's good and bad though, people who have invested of course it's bad, unless you were here in early 2012 when the price was amazingly low and you invested then.