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Been on a buying frenzy the moment it went below $400. I admit, I never saw this coming... sub $400 coins smh
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Bitcoin falling again! You have been warned since $680!
You were warned not to buy into false rallies. I am not happy to see bitcoin failing, I am here to help cut your looses!
I just want to curse! Bitcoin is dropping and dropping and dropping. What is this? Time to BUY BUY BUY |
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The time is now. Not gonna last long
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I have to say watching it go down is just as exciting as watching it go up. Now I'm just waiting for it to hit that magic number...
I don't care much about the price, I'll wait for the next bubble with a smile in my face  The current prices are at once in a lifetime opportunity to buy low. $4xx is just too irresistible to pass. |
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I have to say watching it go down is just as exciting as watching it go up. Now I'm just waiting for it to hit that magic number...
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just a heads up we still have 25k to dump spread over the exchanges and the demand can't resist even such small amounts so we will probably dive under that even.
is that an encouragement to wait to buy? cos no one would be selling at 400, everyone would be buying |
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why spend bitcoins now when you know price would be many much more in the future?
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yes we are seeing that
sell pressure increasing rapidly, those walls are going to topple over any time and it wont stop crumbling down until somewhere in the $300 range.
we also offer a new service, guaranteed weekly price predictions, our predictions will be withing 8% of the real market, if we are off more you will get a full refund. for only 0.3 btc per month you can be sure you're doing the right thing with your investment!
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yeah trust the guy with the name antibitcoinconsortium |
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15K is easily achievable in our lifetime.But do you have faith in it though to see it through 15k?
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No it's one of the best investment you can ever make in your lifetime. Next year you'd wish you could give your right arm to get back at today's prices.
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Don't know, but whoever's not buying then would be a fool
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It will take off around oct-dec though this time it'll be gradual not astronomical like in 2013. Buying as much as I can before it happens
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Not tonight, but definitely past september or middle october it will. I predict above $600 by end of the year but most certainly past $500
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It will take off. Just hold. When it takes off you'll know about it
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What the fuck, wake up, downtrend was broken (convincingly) in May. Are you looking at the same charts we all are looking? We never hit April lows since then, been in a 400-700 sidechannel for 4 months. Downtrend is if we hit 300.
What worries me is that bitcoin doesn't seem to be getting out of this range. I hope people don't lose interest because of this. So in your opinion what 'range' should we be at? Face it, we're at the stabilizing stage where bitcoin will not have drastic velocity as we did last november. Even if the people lose interest, it doesn't change the fact that bitcoin has the first mover advantage, that it'll always be the one that all other altcoins will be based at. |
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There's nothing 'wrong' with btc. It is, in fact, unusual that btc is able to hold on to the current prices even DESPITE all the FUDs. Ideally the price should be higher. A year ago or even a few months back these levels are profitable when difficulty was so low. Nowadays it is barely scraping the margins of production cost and at times even undervalued since difficulty has risen so much. Used to be able to get 1 btc every couple of days now it takes more than a month.
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Bitcoin is a deflationary product. Therefore, technically, it cannot generate interests. You don't get more and more bitcoins as time goes by, you get less and less. If you're saying generating interests paid in fiat then yes, but that is only compensating the loss of value of an inflationary product like fiat against a deflationary product like bitcoin or gold or silver.
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The premise of this thread is built upon a fallacy. The value of bitcoin is not dependent on the cost for mining, I dont even get how somebody could say this is the case.
Consider any other product, goods or services...the value of it is not guaranteed to not fall below production cost, it just becomes bad business when it does.
If it costs me $10 to make a sandwich that doesn't mean people will buy it from me for $10. They can go to subway and get a 5 dollar footlong.
I suggest you to read up on Bitcoin, Satoshi's white paper is a good place to start. The value of bitcoin, if nothing else, can only be derived from the cost of mining it. There is really no any other way to create a bitcoin but to mine, and mining takes processing power and electricity which cost. To compare bitcoin to a sandwich is ridiculous, a sandwich is not a store of value that is fungible, limited in production and is increasingly difficult to make. |
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A couple of weeks from now, you'll have the chance to buy bitcoin at sub $300.
There'll be a lot of "insane" people then as well.
You know most here even permabulls too wish for a chance to buy at sub $300? Heck I'd buy all I can even at sub $400. If you're holding bitcoins and you're not buying at sub $300 you have got to be the most financially retarded person on the planet |
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It's a game of chicken. The miners can't stop mining because if they do the amount miners can make will go up, so they may as well continue mining and hope the price goes up. Think of it as dollar cost averaging on autopilot.
Don't think about consumer-level miner from his basement... think about the 1000m^2 industrial space factories. They can't keep going for too long without a positive cash flow. They want to, perhaps, but it is not about what they want. If they do the math, they'd turn off their miners and use the overheads to buy instead, which would have gotten them more than mining them. It's just a waste of time, money and electricity to mine bitcoins at the current difficulty level at the current price |
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