then explain how I would make the market go down with my supposed "gazillion dollars"? Lol.
I'd like to hear you explain how you plan to move the market, per the title of this thread. By enlightening us with his superior wisdom obviously. Its not magic all i have to do is convince you that bitcoin is going down and it will go down. I think you need to convince a few 100.000 people.... |
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We seem to be inching up the ladder for the past few days. Using a piece of paper on the GOX chart I'd bet on Day guess: 26-11-2013 (Tuesday) Time guess: 21:51  |
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zomg next stop $100m  |
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we're all anticipating a big crash, but maybe the whales dont have as much impact as they did a year or two ago?
How many whales still exist with >100000 BTC ? I bet there aren't many left. |
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If there are 7,000,000,000,000 people and all get in when we mined all coins then we will be sharing 1 BTC with 333 people.
That would mean that if every average joe has $10000 in cash now and we would go full-bitcoin a coin could become $3.3M.
So $100.000 a coin could be possible in the near future.
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I know shit about trading but if a resistance barrier is broken it becomes the new support.
So yes it is the new base unless we get a panic then we go to the previous support.
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Do you think BTC will ever cost a millon dollars?
When?
Yes, definitely! The national debt of the U.S. already exceeds its GDP. There are only two ways out of this situation -- fiscally responsible spending or hyperinflation and collapse of the dollar. You've seen the way things are going. Do you really think the U.S. government is suddenly going to become fiscally responsible? Lol you made the comment I wanted to make. This holds true for every country btw  . A better question would be "When can I buy a Bar of gold with one BTC" or "When can I retire (with no loss in income) if I have 1 BTC an average job" |
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I am going to predict the future here. We are going to hit this price in april 2018  |
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Why not work from the bottom up
1000 satoshi
100000 satoshi
A million satoshi
A thousand satoshi
Etc.
Sounds good and sounds like more money and once we need to divide more we add in another bitcoin founding father.
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Guys, there's no "proving" here. If something could be proved, we'd all be rich (then subsequently, very broke).
A better phrasing might be "can you convince me that..."
Well we can probably prove that Bitcoin has always been in an uptrend. |
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We just saw that in the "Will you sell at $1000?" that 88% would not. So presumably, if the price even went to $200, LOTS of "Buy and Hold" people would buy like crazy. (I know I would.)
I'll be in at $250 |
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Looking at mtgoxlive you can see that a Marketorder of 15000 BTC will lower the price approx $100.
Since accounts up to 150000 BTC exist yes a panic could still be achieved. But bitcoin would still rebound.
I believe that bitcoin is getting stronger by the day and don't fear collapse.
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From a formal point of view, it shouldn't make a difference, [...]. However, keep in mind that the valuation of any object is determined by the market, and I am not at all sure if the idea of the number of subunits tending towards infinity will not affect the valuation of the base unit.
I am 100% sure. The precision will only change if the smallest unit becomes worth an impractically large amount of money, ie. the smallest unit is too large to make small purchases. This will in no way alter the value of larger sub-units/units. Edit: Let me also say that I DO live in a country that has removed the penny from circulation and it in no way impacted the value of my money. If the smallest unit of bitcoin becomes impractical, people will welcome the change and it will only increase the value of the system. Stocks split two for one all the time that dosen't change the stock. As does dividing bitcoins. If bitcoins weren't divisable then theoretically bitcoin could hit a point where it would be too big to be used as a currency. Like trying to buy gas at a gas station with a pound of gold bullion for which there is no change. Divisability is a good thing. |
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I'll never sell my BTCs to any fiat paper. Never!
Land, precious metals? Maybe.
+1 |
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Depends on how you look at it, but even you made $30 USD extra a day,5 days a week x 48 week, you'll have $7,200 USD and may be more on top of your regular investment and salary from your day job!
As the market is open 24/7, more chance to to make more $$$
Good Luck!!!
Risk/Reward is too low... Greed can become a killer... |
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I am buying BTC and hold them and even forget about them and in 4 or 5 years will look back and see what happened to them.
What do you think about this strategy?
How much do you think each BTC will cost in 5 years?
I will try to buy at least 20 or 40 BTC
Will I be rich in 5 years?
Start buying!!! You could end up with either 0 or millions depending if bitcoin reaches gold bar price. |
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My "sensible" cashing out principles Once you hit 10x or 100x your initial investment then take the investment out (1-10% of your total). You can no longer loose whatever happens. Determine how much you need to live the rest of your life comfortably. Think realistic like $400,000.00 to $800,000.00 If you have your goal cash out 50-90% of your bitcoins for dollars, euro's, gold, whatever... Make sure you did your taxes up to that point so you don't get in trouble Invest a part in a house or other items that will set you for life, you now only need food and drinks to survive The remaining 10-50% of bitcoins can be cashed out or used when needed. Hopefully they will become more so you can afford luxuries like a big ass boat, jetliner, etc.... Live your life... |
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WOW WOW We're half way there .... WOW WOW living on a bitcoin prayer...... If it keeps on going we'll be there at the beginning of next week. hahahaha |
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But when to buy back in...dammit. Should have bought when it dipped to $298.
Its over. You won't get another opportunity for it to dip that low again. Time to invest in something else. Beanie babies perhaps LOL ... kidding. ONVO, IRBT, SSYS are all very good suggestions.... Or US bonds....  |
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