Bitcoin Forum

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What happened to:

Net Long (hoping it will go down or stay flat to accumulate?)

Bullish long term.
Bearish short term (4-8 years). There have to be at least 1-2 block reward halvings until BTC is even close to being competitive as a payment system (ever calculated the real cost of a transaction? Just divide block reward by the number of transactions per block ...)

I will keep my last bitcoin even if we get on rock bottom ...


and reach this level of poverty ...


http://d24w6bsrhbeh9d.cloudfront.net/photo/aRQ8z07_700b.jpg

I'm net long since April 2013, but I do have some fiat saved up the past couple of months to catch another dip. I will only start buying if we go below 300 though with a nice panic sell-off, otherwise I will keep the fiat as I'm already happy with how many bitcoins I have now. But a $2xx price is just too tempting not to buy some more when it happens. :)

1.00 ZWD   = 0.00276319 USD
 :o

no way i'd be a millionaire

i have hundreds of billions trillions of these "dollars"

I bought 175 Trillion dollars as christmas presents. Unfortunately the exchange rate at the time absolutely destroyed me and it cost £11.

I'm actually net long and hoping it will drop. where is that option?

Flattish and waiting to buy on dips

looks like there's a new 100% proof of stake coin in town (Au backed). might get gold bugs interested a bit in cryptocurrencies
https://bitcointalk.org/index.php?topic=597734.20

waiting to get more "cheap" BTC?
same as me ;D

CCMF

net long awaiting drop.

we have years yet

Ahaha this is funny now thanks. I should make a new cryptocurrency backed by Moon and lead hordes of idiots to it.

Can you expand on this?  Why does the "real cost" have to be lower for bitcoin to be competitive?  Aren't the "extra" costs borne by the miners?  How are bitcoin transactions (payment system) not competitive due to the cost of mining (currency issuing and security)?

Had your point been that Bitcoin likely needs years of maturing it's technological infrastructure before having the appropriate hardware and software services necessary to bring Bitcoin to the masses and compete with other easy to use incumbent payment system technologies, then I'd agree completely.

Now that's a man with a long time horizon  ;)

Net Long (hoping it will rise right now)   - 86 (65.6%)

2/3 of voters are long, So not enough participants left for reversal. Unless mega whale comes to rescue, Pain shall continue..

Yeah you're right, with 86 people in the world holding, and only 21 people in the world waiting to buy some more, there's no chance of a reversal.... bitcoin is clearly doomed.

/s  ::)   ;D

I am short waiting to be long & wear big boy pants  :D