Bitcoin Forum

I have 2.69 bitcoins and the total amount I bought them for (at different rates obviously) is 867GBP = 1300USD :( Price is still very low :( Will we ever see an increase to make a return on investment?

Nope, sorry. Incase you didn't know this already, but BTC was actually nothing more than tulip mania - that is what you are seeing unfold for more than a year. The floor will be dictated by the amounts of drugs bought using bitcoin. So guess it's not really tulip mania :) Expect $1-5 by the end of the year.

Are you trying to lure in new victims with your bullish predictions? I highly doubt that 1$ will hold!

The bubble popped the moment bitcoin broke below the previous ATH from April 2013. We are now at a lower price than 22 months ago!

Which all means that you are a bag holder. Sorry for your loss.

http://thetrollcave.blog.com/files/2013/02/cropped-b5.jpg

Behold, the Cave where the Trolls dwell

So I should just sell my coins?

i suggest no wait for a time and maybe maybe the price will go upto at least 350$

I will bet you any amount of money that we don't see a $5 Bitcoin this year. Let me know if you're interested.

I love this image and I am saving it, here a return image :)

http://s3.postimg.org/yofs0cfqb/cb94f11254a1d33486449ea0408fa0c4a61a376a.jpg

I plan to hold, op I trust in bitcoin and just read over 1000 merchants now accept it.

Yeah true... The guy tried to be too bearish on BTC... We might consider that someone's bearish on it, but saying it would go between $1-$5 is a troll... Actually, it's a shame... Bitcoin is such a technology which cannot be valuated by any of us currently as it's still in its developing phase, and not yet exposed to the whole of the world, and I don't think that it is still going to be known by everyone till the next 10 years, as everyone here seems to be pretty profit-minded, and not interested in showing it to the world by advertising it...

I agree, $5 bitcoin is a fantasy at this point. $120-$150, on the other hand, is a real possibility.

Yes, sell them now and take the money to your nearest casino and bet on black. At least you have almost 50% of doubling your money, which is much better than riding this sinking ship down.

keep holding and buying, and you may see a great return, otherwise there is only the loss

http://legacy-cdn.smosh.com/smosh-pit/112010/main-troll.jpg

Troll Logic:

1. Pick a forum on a topic you think is a waste of time

2. Waste time signing up for an account

3. Waste several hours of every day trying to convince everyone on the forum what a waste of time it is.

the BTC/usd rate of your portfolio should by inversely proportional to the amount of train pictures you see in teh wall observer topic.


and no one know if or when we will rise. Neither if it will fall even more

Not a waste of time at all. It's really interesting to witness the reactions of the bitcoin believers here as they soundly reject logic and admonish critics. In the case here, they're called "trolls" despite calling the direction of the market accurately since the end of 2013. This is all very common behavior in cults and groups invested into a concept either emotionally or financially (usually both).

In fact, I'm working on a book about the mind of a bitcoin fanatic and other financial schemes throughout the ages, which has received a lot of interest from my publisher. So let's consider this research!

If you don't want to lose more, sell now. This is the best price you'll get for it.

The Troll Warren Buffet is ignored. Unless he can prove that all the dozens (hundreds?) of trolls wasting their time in here posting negative sentiment on a topic they view a waste of time are actually all doing so because "they're researching for the novel they're writing"

 :D

http://s1.postimg.org/qgrysbysr/720.gif
troll feeding frenzy

I don't really understand the psyche of the bitcoin bear. Presumably you all want to accumulate fiat by shorting the shit out of bitcoin? Or do you have an altcoin in mind that is vastly superior? If you are accumulating fiat I hope you are putting it into hard assets and not leaving it in a bank.

Fiat is destined to fail.

Anyway in my view you should hold those bitcoin. If you have more money to invest I'd consider accumulating some physical gold and silver bullion which are also protection from the fiat/central banking system which is destined to perish in a very ugly way.

Heres a reminder what happened in 2011. Bitcoin died then too.

https://www.tradingview.com/x/TsphynG4/

This is what that bubble looks like now, marked with pink hand pointer

https://www.tradingview.com/x/AT3HrJuy/

Sweet memories :D I bought my first bitcoins at the price of 4.5$ after the 2011 crash. To extrapolate, the next bubble will compare to 2013 one like Canis Majoris to Sun.

http://www.daviddarling.info/images2/VY_CMa_Sun_comparison.jpg

if you are waiting for the next bubble and you bought at 4.5 $ you are doing it wrong!

Doing what wrong? I'm a professional permabull and hodling is what I do for living. :P

I would like to have a chat with your publisher. Gimme the digits!

I'm presuming you bought bitcoins with money you could afford to lose, so the plan is as normal: hold until either bitcoin is a success or the technology fails and it goes to zero. Neither has happened so you should continue to hold. I think over the next year up is more likely than down, but we might see $100 on the way. If it is stressing you out then sell enough so you can relax and it becomes a fun bet. Governments are printing money like lunatics in all the major economies, so a currency with relatively low pre-set inflation should in principle be a good bet right now.

I love this chart, shows how big a fuzz we make about nothing.

I don't know when the next bubble comes, but when it comes, we will not even remember this bear market. And we will cry when it dips to $2000 and people will complain Bitcoin is dead and it will fall all the way to $1000

If your not in a hurry and does not need the money for now, just try to hold and wait for some reversal.. we might get to above $300. Just hope and do not sell for a larger loss.

Wow. Posting in epic thread.

The only thing lacking is a grilled cheese sandwich.

https://i.imgur.com/LLQtvoW.jpg

Surely we can all agree that grilled cheese sandwiches are both grilled and contain cheese?

Yes but it can't be processed cheese or the waiter will be wearing it.

That grilled cheese tho  :o

I was hoping to see a Monte Christo sandwich irl. The GC is a granular dinner at this point.

Let's say all mined coins are sold immediately. That's 3600 BTC x 1 USD = 3600 USD/day. Do you really think Bitcoin is such a weak asset? That price is ridiculous on a world level. I say Bitcoin won't go under 150 USD no way.

The motives of many bears is the traders mentality.

Eg, A decline from $1000 to $900 is a $100 drop & 10% 'short' profit. From $500 to make a 10% profit it only needs to go to $450. At $300, it's $270. The lower it gets the less of a drop needed to make the same percentage profit. When you're trading at 20X it means a shedload of cash can be made trading on bitcoins legendary volatility. All champagne and lollipops for the pro traders / guys in the know.

You have bitcoins? You're half way there.

Do you like to save money on things you buy?

Use http://www.purse.io

Then wonder why your friends pay full price for things using their fiat money.

I just registered and placed my first order (88$). Seems cool place but their UI does not scale very well on smaller screen resolutions. Also, my country was not in the list in the profile settings.

Ya, they change the UI sometimes. As long as it works.

Does Amazon ship to you? That should be all that matters.

I have ordered some books from Amazon before so I guess they ship to me? :D But it bothers me a lot that my country is not listed at purse.io (Estonia).

Well, its obvious , the prices can go up and down. Its best to purchase, the amount such that if a variation happens, then you don't lose much.
ROI maybe, but hard to say a definite Yes on it.

 No, I have to take exception with this.  What people purport to be grilling is actually frying as the sandwich (containing non-grilled cheese I should add) is actually cooked on a flat griddle and not on a grill.  Also, any attempt to grill cheese for a sandwich would result in a gooey mess and more than likely a small fire.

I'm not sure what the country is used for.

As long as you can get Amazon to ship to you, someone else can get Amazon to ship to you.

I had problems getting them to ship me a cell phone to an APO address but many Amazon merchants for that phone did not ship to me. But other things went through fine.

When prices were rising, all the people were talking about $10,000, while the prices fall people always say "we will hit $10 tomorrow". Please do not enlarge what are happening.

I, sir, take offence at your exception. Clearly your suggestion that a small fire would result from any attempt to grill cheese is outrageous speculation, and to do so discredits all rational debate as to whether a griddle is capable of grilling. Never in my life have I encountered such preposterity!

People here tend to be extremely emotional and delusional about their own investments. OP will sell then he will regret. Same old story of the people that cant invest long term.

I see that characteristic in most asset classes - equity, real estate....

WTF is a grilled cheese sandwich? I have heard of cheese on toast, but never a grilled cheese sandwich.

What planet do you live on?


As I suspected...Aliens