Its going to be huuuugggggeeee!
what exactly ? ?? The rumor is that Petco (a big American petstore company) will start accepting dogecoin and kittehcoin No fucking way.... |
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The question is: When will BTC have the purchasing power of 10K? In other words, when will I be able to buy a regular cheap car with 1BTC?
When I say I want BTC to rise to $10K... I'm talking about $10K in today's purchasing power... not some bullshit inflated $10k that buys you a cup of coffee, that's useless Exactly, but thats what I want. Also, why would you cash out in FIAT? Isn't the point of BTC being a currency where you buy directly with BTC? Shouldn't you save taxes too? Let's say BTC goes to 10K out of nowhere in a huge rally in the next 10 years and we all become millonaires. Would you really cash out a big quantity of that BTC into fiat? they would fuck you up with taxes real bad. Unless I can use bitcoin to purchase hookers and blow, yes i will cash out |
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The question is: When will BTC have the purchasing power of 10K? In other words, when will I be able to buy a regular cheap car with 1BTC?
When I say I want BTC to rise to $10K... I'm talking about $10K in today's purchasing power... not some bullshit inflated $10k that buys you a cup of coffee, that's useless |
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i want in on this party  But sadly OP already announces this party is over for now and wait for next announcement  The party is still on because 2014 is not over yet... I just said it's unlikely to hit 10K this year. Regardless, I'll definitely celebrate whenever bitcoin hits $10K... down for vegas (tons of hookers n blow) |
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There is demand from you and me, but not the general public
there's no demand for gold from the general public either. How many percent of the world populations owns gold? Yet gold prices have risen and are at an ATH. And gold's true intrinsic value isn't even close to the perceived market price, but that didn't stop it from demanding the current price it is now innit. Scarcity is what gave gold its value. Bitcoin has that same element and it's knowingly finite. That's all you need to make something valuable. coupled with fungibility and liquidity of course. There used to be demand for gold, it used to be the universal currency and some national currencies are still linked with gold (so most people don't even need to own actual gold). The US disconnected the dollar form gold since Nixion was president and that is the only reason it seems like there is no demand for it, but let's be honest here bitcoin doesn't come anywhere close at the moment, even though bitcoin works much better as a currency. If scarcity is the main factor that gives value why are 90% of alt/shitcoins completely worthless? Just because there is a supply cap doesn't mean people will jump hoops to get it. I think the main ideas in this thread are correct in that there are many reasons which are unique to btc that implies it can only become universal and therefore rise in value. fiat is manipulated as are gold prices at the moment but i am not aware of any currencies still backed by gold? any examples you can give? Actually, there probably isn't anymore, my mistake |
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i got plenty LTC - not worried - not in any need to buy or sell
we will see a new ATH - the ONLY question is when...
Today is a good day to sell LTC all out and never look back again. Fundamentally speaking, LTC future won't be any different than today or a month ago. Why? You can say the same about BTC then? Nonsense. LTC is a useless clone of Bitcoin, which only "added value" compared to Bitcoin was a different hashing algorithm (Scrypt) that was supposed to be ASIC resistant (no ASIC = no mining centralization). Nowadays we have Scrypt ASICs, thus Litecoin is completely useless. There's no reason to hold LTC other than trying to sell at a premium to a "greater fool". Yeah I don't agree with you, at all, but there is no point debating.. we'll just wait and see |
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I hope you're right nuff said.. im highly invested myself but i have a level of caution too
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There is demand from you and me, but not the general public
there's no demand for gold from the general public either. How many percent of the world populations owns gold? Yet gold prices have risen and are at an ATH. And gold's true intrinsic value isn't even close to the perceived market price, but that didn't stop it from demanding the current price it is now innit. Scarcity is what gave gold its value. Bitcoin has that same element and it's knowingly finite. That's all you need to make something valuable. coupled with fungibility and liquidity of course. There used to be demand for gold, it used to be the universal currency and some national currencies are still linked with gold (so most people don't even need to own actual gold). The US disconnected the dollar form gold since Nixion was president and that is the only reason it seems like there is no demand for it, but let's be honest here bitcoin doesn't come anywhere close at the moment, even though bitcoin works much better as a currency. If scarcity is the main factor that gives value why are 90% of alt/shitcoins completely worthless? Just because there is a supply cap doesn't mean people will jump hoops to get it. |
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lol at "1st bitcoin"... I bought 50 at once my first time
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All that means absolutely nothing if there is no demand. People need to use bitcoin, and want to purchase bitcoin, and right now we are just a niche in the grand scheme. Bitcoin is not all that convenient and simple to work with at the moment, it will take some time or end up as a failed experiment.
Are you saying there's no demand for bitcoin? If you, or anyone here wishes to get rid of their bitcoins, I'll gladly take them. At no charge There is demand from you and me, but not the general public |
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i got plenty LTC - not worried - not in any need to buy or sell
we will see a new ATH - the ONLY question is when...
Today is a good day to sell LTC all out and never look back again. Fundamentally speaking, LTC future won't be any different than today or a month ago. Why? You can say the same about BTC then? I got plenty of LTC, bought more at ~$4... not worried at all |
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All that means absolutely nothing if there is no demand. People need to use bitcoin, and want to purchase bitcoin, and right now we are just a niche in the grand scheme. Bitcoin is not all that convenient and simple to work with at the moment, it will take some time or end up as a failed experiment.
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I have put in 8 BTC in kitteh when it was 60 sats (stupid stupid stupid)..... is it safe to assume all of that BTC is gone forever?
Hold on ! BIG SURPISE IS COMING! :-) Activity: 3 Status: Newbie ...............eh what the hell, i'll believe you |
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shit if bitcoin hits 10k we should all fly to vegas and own the strip for a weekend.
Down, PM me whenever that happens.. I'll be holding strong |
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I have put in 8 BTC in kitteh when it was 60 sats (stupid stupid stupid)..... is it safe to assume all of that BTC is gone forever?
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I am surprised that not a single person here has given the standard advice of a financial advisor.
For the avoidance of doubt, the standard advice is to diversify your portfolio. That advice stands irrespective of whatever may have happened in the past to your investments. Just because they have gone down, does not mean you should not diversify.
Kid is upset about investing 80% of his money for college... so we should advise him to invest his remaining 20% in something else? Yeah ok. |
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hi, I invested a lot at the beginning of this year thinking bitcoin would have risen again as usual, I bought many btc when it was 830 and some after when it was 660. I waited for the pump but things are getting bad. I am wo4ried. I am 26 yo I am not rich and I invested a lot of my savings. I can live without, ok, but they were my savings. What should I do now? is this the end? Will bitcoin rise again at least until 830?
If you sell now, you lose. You haven't lost anything at this point until you sell your BTC. hold onto them. Wait for the market to bounce. A lot of market manipulation going on right now. Part of me thinks this is to shake out the weak hands before the next pump. i pray God things are as you say. I hold on so far but now things are getting serious. Months passed and I have only lost money. My idea at the beginning was optimistic, I said, in late 2013 it went down, in 2014 it will, it has to rise again, as usual. But so far, I was wrong. I can tell you, I invested more than 80% of all I had. If my parents knew that... I would be in serious trouble. Part of it was their present for my 18 years and for my university studies. MRKLYE gave you the best advice. I would not panic yet if I were you. You can sell now at a loss if you believe we are going to $0 and this is the beginning of the end for bitcoin. No one really knows to be honest. But it seems like your mood/confidence on bitcoin is going with the flow of whatever the general sentiment is. What has changed (besides price) since you bought bitcoin? There are still a lot of developments and plans in queue, and we may not see anything positive price wise until next year. Didn't you think there would be a risk to this investment? We are seeing the risk now... everything looks bleak and general confidence is low. Will you fold now and take the loss? Or are you going to accept this risk and have a chance at making your money back + more... even if it takes 1-2 years? Also, dude you are 18.... losing a few grand is not a big deal. If you were married with kids used up 80% of your savings.. then I'd be worried. I have lost over $15,000 investing in stock market / crypto since 2008.... no fucks given. But a part of me says that I will eventually make it up with bitcoin. |
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Hate to say it but looks like you have been right so far, but everything could change. If we got one big merchant involved like ebay or amazon I'm sure the price would go back up as fast as it came down.
Merchant adoption helps bitcoin in the longterm because it makes bitcoin more "legit", more people become aware of bitcoin, and people find incentive to use bitcoin when more merchants support it. But don't expect news about merchant adoption to cause a rally, it really shouldn't. |
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I am quite dissapointed with the value and did myself say 2014 would be the year of the bitcoin, and while it hasnt so far I'm still optimistic. There's still over four months left of the year yet. Who knows what could happen in that time.
There was a high level of optimism at the end of 2013, and even I was under the spell for a while. Although I don't think there will be any miracles in the next 4 months |
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Wait, you actually listen to what people here say about bitcoin price? Hhahaha. Oh man, that's funny.  You're a member of the bitcoin foundation? Hahaha. Oh man, that's funny. Hey dafar, shame about kitteh amiright? And leaf...man, 2014 really does suck ass. Yeah, worst mistakes I've ever made. LTC might be next... I got way too many but its all good |
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