Bitcoin Forum

All this August 1 thing may be the last chance for ordinary people to get on board.

Yes the price might get as low as $1,000 but after this it will be the Moon, so this might be a great time to invest in BTC and some specific altcoins when they reach the bottom ;)

And yes, altcoins will go 5x-10x lower in price in this period... but we all know they will go up with BTC once BTC will start moving again.

My advice: HOLD EVERYTHING YOU HAVE! BUY WHEN BOTTOM SOME EXTRA COINS.

Am I the only one who worry that, if we go as low @ <1000$ we can maybe never recover ?
It's was a buble right ? so now the correction, right ? so  when everything is "Correct" then no more moon, we are screwed.  :-\ :(

Shiit !! i'm bleeding as hell.

It's just the start of the bubble popping... but BTC will recover even if it reaches $500. See this as a final opportunity to buy cheap BTC... because it will reach $50,000 one day, I know it!

Already doing this thing, and I'm only waiting for bitcoin's price to go lower than $1,000 for this month. And I'll probably 2-3 bitcoins if that happens, it's like bitcoin is taking some rest today so that many new comers can come in. But for sure they are going to regret it if they won't be riding the train this Month of July.

It's a real they see me rolling moment, well it may not hurt to take a risk that you can afford to lose.
That position might well be worth it if you have the patience to wait it out otherwise just dollar cost average say $100 for the next week or two instead of pumping it all on one price and see how that goes.

what do you mean ordinary people? they'll be able to buy if it's 1 million a coin. and it won't get there unless ordinary people are buying.

Can't decide on it right now. We don't know in which way the exchange rates will move after August 1. If there is a chain split in August, then everything becomes unpredictable. It may stay below $1,000 per coin and never recover, giving an opportunity for alts such as Ethereum and Litecoin to dominate the crypto-currency scene.

I sold all few weeks ago and i am waiting until 1 august.
After that maybe i will buy in again, best bet is to wait imo at this moment

First let us see what caused this drop to happen and who is behind it and why? Bitmain splits Bitcoin and

Bitcoin changes algo of POW and disables ASICboost, Bitmain will see their deadly mistake after everyone

Dumped their coins and their price dropped from $300 down to $25 Bitmain will switch back to Bitcoin but

Nothing will happen for them because their miners couldn't hash on new algo, what happens? BM will go

Bankrupt and BTC will start recover.

Bitcoins for 25 dollars? I paid around 7k for equivalent of 2,5 BTC (but have only 1,45 BTC, the rest are altcoins, which are falling all the same).

Can it really fall that low?

If this happens, maybe it should be time for them to consider stop mining new coins. Since this crisis was started by miners, reason would be for them to end it.

Lol, I myself wouldn't have said this better. No day would ever be the last day to buy Bitcoin. You will always make profit if you hold it for sometime no matter when you bought it. Why people forget that Bitcoin is deflationary asset. It will keep on appreciating with time as demand will always be there and thus the profit.

Being deflationary doesn't guarantee a fuck

And right now Bitcoin is still in its inflationary stage (and will remain in this stage for many more years to come). Something like 1800 bitcoins are mined daily, and that amount adds directly to the Bitcoin monetary supply. That said, even if Bitcoin were deflationary today, that alone wouldn't suffice for prices to rise, since it is actually the balance of supply and demand that determines the price, not supply alone. In this way, if there is no demand, then no matter how low the supply could be, the price will be miserable anyway

Not Bit but bugcoin mate, last time BTU was near $300 if BM splits the blockchain of BTC their fork will be

Named BTU which is currently being traded at Bitfinex and Bittrex, people will dump their duplicated coins

BTU and it might hit $1 when a few million coins dumps, Bitcoin will be priced around $1400 but not for long

As soon as it regains the confidence of market people will rush back to buy up just like these past 2 month.

There is no chances to "the moon" happened after the 1st of August, but the growth is expected. Bitcoin has always reacted on every big changes about itself and traditionally every new changing provoked the fall of the price, but everytime bitcoin raised as a phonex after the fall. I'm agree that the current situation is a good chance to buy bitcoins while the price is not too high.

Bitcoin price is very volatile, it goes double, triple, more, then will contract by 90%.  rinse and repeat.  Look at every pump since the beginning, its always the same (well...almost).  Are we in the -90% phase ?  I don't think so, I think the pump will be much, much higher but I may be wrong.  Its impossible to know.  Just keep your bitcoin until you are able to never work again :)  I can still dream I guess.

it has always been like this to a point that it sometimes gets ridiculous!

price rises, everyone starts coming here and screaming "we have missed the chance, is it good time to buy" or they start wishing price comes down so they can buy below $2000 again.

then the universe (by universe i mean noooobs) grant their wishes but they instead lower their wish price for buying and the same story will happen all over again in a month of two when they ask us "is it good time to buy, price is too high now"!!!

I agree that technically Bitcoin is still in inflationary state(approx 3%). But with controlled money supply and ever increasing demand. Bitcoin has a massive deflationary bias. Its money supply is mostly fixed, but the menu of things it can buy is growing. People are hoarding it. Bitcoin posses all the features of deflationary currency.

But what made you so pessimistic about bitcoin future demand?

No matter how obvious it is as you said OP, people will still panic sell their future wealth because of the uncertainty. The other people who missed the train from 1k$ to 3k$ will now say: "Look I told ya It is a bubble ha ha!"  :D

And then they will be sorry for not buying again.

https://i.imgur.com/JqzoWbn.png

I do not think there will be any chances for prices to go as low as $1000 levels as bitcoin may not even break the $1800 levels too. Probably today's levels are good to enter as we may not see below $2000 levels here after for ever. Prices may keep moving toward $2700 till august 1st and then keep accelerating like before toward $5000 by end of this year.

I do see everywhere to buy bitcoins at cheaper levels still we cannot expect everyone to sell off their holding. I agree with "last chances" but it might be about today's lowest price levels.

Do you think people are buying high and selling low right now? I don't know how to justify these traders, while the whole community is nervous about the future development and most of the big investors are cashing out, small traders are doing the same, so who is left and who is buying, did any body here buy any thing since last night?
Maybe Chinese are withdrawing fiat and dumping their accumulated Bitcoins  ???.

I agree this might be the last chance for the people, in bitcoin history the price may not get down below this in the next three years and those who have sold their bitcoin and didn’t urge to buy anymore will be having regret about their decision. This is the best time for those to buy bitcoin who used to say that bitcoin is going out of the reach of a common man to buy it

I think BTC will drop to $250 and ETH to $25 which is why I cashed in everything to USDT a month ago - perfect timing. I can now buy 10x back and have change left over. Of course, it's now too late to dump so HODL for another 6-9 months then cash in when they're recovered. Don't get greedy and hope for more as it'll all crash again. Hopefully some of the shitty coins like XLM, XRP, ICN, EOS, XTZ and PLBT will be history by then.

There's no way in Hell that banks will ever rely on blockchain. Even if they did, it'll be regulated and that'll be the end of big easy profits for us. If they used blockchain, then how can they charge us the same high fees that they do now?

It's all speculation and ponzi, it's game over for all by 2019!

Avoid ICOs as new ones are likely to have cheaper tokens when they hit exchanges.

http://tailandfur.com/wp-content/uploads/2015/10/40-Pictures-of-Funny-Cool-Animals-28.jpg

We seriously need to bring back newbie jail.
_____

@ JammyJimmy:

https://www.youtube.com/watch?v=cLjbhzWCfHk

Yup, a positive resolution of the scaling issues can result in Bitcoin going to the moon. I am not so confident that the fork on August 1st will achieve that. If it does manage to split the community into 2 sizable portions, then we can expect prolonged uncertainty.

I think this is right, I personally think that the price is going to at least double in the next months following segwit activation and if does then we could see a price for each bitcoin over 5000 that is a price that is not going to be reachable for most people and I think that is just going to be the beginning.