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if it goes under 100$ Im taking as big a loan as I can get to buy as many as I can. thats my oh shit reaction. if its sub 300 Ill be full btc but no debt.
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People demanding that you sell are like bullies demanding your lunch money, give them a bloody nose and tell them to fuck off.
+1 thats pretty much what I see everytime someone saying its time to sell. if it does "crash" im not contributing to it... I have every hope btc will be widely used someday so I buy on every dip I can, but see no reason to sell any bitcoin Ive painstakingly gathered for a currency I dont have a ton of confidence in. I can buy less and less each year with my dollar, and people can buy more and more each year with bitcoin. that is the only chart someone should really need to base a judgement on. I sure hope to see these low $ coins though, if I could buy a few coins up quick an easy for cheap Id count myself lucky just like everyone else. |
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just buy and hold now. it sounds like you wont be in a bad spot without this money, so you can afford to do this. everyone keeps saying that the price will dip any time now, but they have been saying that since christmas. sure weve had brief dips but unless you had money on a exchange it was so brief it was hard to take advantage of.
some people think it may go down to 600 from 800, so a 25% lose, but nearly everyone is confident that it will be over 3k this year, a 375% gain (3k is a low number accepted by nearly everyone, many people talk of 10k)
so with those numbers buying in now is clearly a good choice. sure you may be able to buy more if it dips, but I dont care to gamble like that, small differance in a year or 2...
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Thing is, price change comes in waves. It shot from 130s to 1100+ in just a few months and found rest where we are now, around 800. History has a way of repeating itself, and for all the talk of bitcoin being unpredictable, it's not. It's pure supply and demand, and the demand keeps going up. Next swing will make anything below 1k look cheap.
truth. Im buying every coin I can as I get funds to do so, because I think the odds of it falling in price are much lower then it raising in price and in 6 months to a year everything sub 1k will have been a blessing. |
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do you mine alts because you believe in the altcoin you mine or because it is more profitable in the moment?
remembering back to the November run-up, and how people were suddenly turning there rigs back to bitcoin as it became much more profitable, would they have been better off mining bitcoin the whole time?
one of the main reasons I see people using for mining a altcoin is that mining bitcoin directly is no longer profitable, however, if you simply hold the mined fractions of coins, refusing to sell them for a unprofitable amount, the price will go up. calculate what price price would have to be for you to be profitable and put your sell orders there. If the hash power of the altcoins was redirected to bitcoin, the network share of others would be reduced putting pressure on them to also only sell for a higher price.
I have been wondering lately if some of the biggest miners who are making $ and BTC hand over fist are actually promoting alt coin mining and creation to keep the hashrate of bitcoin low enough that they make the largest share of the daily coins they can.
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I don't think any altcoin's market cap will go above $1B. To get this altcoins must be used for investment purposes, but the most safe cryptocurrency is Bitcoin therefore all investment capitals will move into it.
So you don't think crypto will form one big pyramid, evenly distributed, with the best coins at top, and the shitty ones at the bottom? I think bitcoin could potentially match or overtake golds $7T market cap. But, I find it hard to believe bitcoin will soley exist without close competition. Thanks there may always be many alt coins, but i find it unlikely there will be many the are processed the same way. there will be a most popular sha-256 coin, the most popular scrypt coin etc etc. im guessing more more then 10 lasting cryptos. the value of bitcoin is directly related to the network hash rate. if all those mining alt coins were to mine bitcoin and hold, people would say its "unprofitable to mine at xxx price" and refuse to sell. alts are (from my understanding) used to spread the word of bitcoin more than anything else. there are very few that have any real value. ive heard that nextcoin and anoncoin have some really good qualities but i havnt bothered to research them in detail because i feel they will be used to shoehorn in bitcoin, as has been mentioned in the NY regulation meeting. imo bitcoin will be mainstream soon and be 99% used for legal buys/sells and some altcoin with more secrecy like built in tumblers and etc used for black market style transactions. |
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this hodl and shotr and sodl and chagning lettres aroudn thing is getting really old. hodl was funny for a month, but now its just making things look like we dont know how to type... |
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In times of relative stability, coins are bought up by people who are looking for returns on an annual basis rather than income on a daily or weekly basis. Coins are being sold for various reasons, but who's buying them? The price is too high for day tarders to turn around and make a quick profit. So liquidity is getting soaked up, slowly under the RADAR by people with the time and money to wait until the long term logarithmic trend reasserts itself. We saw this happen twice before and there is no reason to assume it's not happening again.
At some point, perhaps in weeks or months, but possibly over a year, this liquidity will completely dry up and we'll have another parabolic rise. Only next time, people will have access to ATMs, local exchanges, etc. to continue pumping in money until the hodlers start to take profits. This is the time to accumulate. Most of you won't do this. The smart ones will.
I think a lot of big players are silently buying up their millions while the prices are low. they know that buying more then 50 - 100 coins a day would drive up the price but if they just do it slowing the daily mined coins and miners paying bills lets them sneak in. but you can bet they will HOLD for 5-10 years easy if they think there is any chance for it to turn a 10 fold profit. and people are talking about a lot more then 10 fold increase being possible. |
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China has a craze for gambling and alt currencies in general - it is a trillion dollar market there. They were never really big techie bit coin geek bulls. When the slightest hint of trouble occurred they moved onto the next thing and forgot all about bitcoin. Probably back to BANs (bank notes).
Easy come easy go.
do you think they have moved on or do you think they are waiting until feb8 (soonest new money could be on exchanges)? I guess there are likely a million and one ways to "strike it rich" and bitcoin is only one in a sea of neon signs. with that perspective a lot of people would understandably move along quickly.. I beg to disagree with the 2nd part of your statement. In China they have HARDLY any good investments to invest in. Their real estate is in a a bubble, their stock market is full of corruption/false reporting/manipulation, and the people aren't allowed to move money out of china by by any significant size (wires of more than $500 are a pain in the ass- coming from a real life friend who worked there for 2 years teaching english, and moreso- you simply cant wire more than $50k out per year). Bitcoin and digital currencies are a BOON for the chinese. Easy enough to buy there, and MASSIVE returns. Hell its massive returns for us here in the US and we have even a pretty damn good real estate market to invest in right now(especially in certain parts of the nation like Phoenix, AZ)- even here in the US I say digital currencies are still a far better investment-- personally, it would seem very predictable that its only a matter of time until the next massive leg up led by China and perhaps India or another country with lots of money to spend. China can do what it will to try to stop it, but in the end, even if they made it illegal, I don't think they could stop it (the same way they can't really censor the internet- people will get around it if they want to - and they will want to, more and more as time goes on) I have a facebook account for spreading the word of bitcoin and I friend people from all over the world, and I see TONS of other people doing the exact same thing I am for whatever idea they are preaching. I feel bitcoin is nothing like those other "scams" but im sure those other people feel their product is no scam but that bitcoin scam is clearly a way to lose your savings. |
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In the past 10 days, the price has hit $740 and $825. You guys have a completely different definition of "stable" than I do.
If you look at it as a % change thats very stable for bitcoin. |
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There was a long period of stability around 125 before it finally gave way and dropped to 66. Then there was some stability around 135 before but breaking out. But none of the above were as long as this 800 stability.
personally, I like knowing the plane tickets I bought near christmas were valued at approx 800/coin. there is something nice about it still being the same now as it was then. I dont feel cheated for making that buy. for anyone who may want to know I booked with cheapair.com was easy and Im going to do it again most likely. |
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China has a craze for gambling and alt currencies in general - it is a trillion dollar market there. They were never really big techie bit coin geek bulls. When the slightest hint of trouble occurred they moved onto the next thing and forgot all about bitcoin. Probably back to BANs (bank notes).
Easy come easy go.
do you think they have moved on or do you think they are waiting until feb8 (soonest new money could be on exchanges)? I guess there are likely a million and one ways to "strike it rich" and bitcoin is only one in a sea of neon signs. with that perspective a lot of people would understandably move along quickly.. |
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I use it at least once a week for purchases online. And no, I have never bought drugs or anything illegal with it. I think it is true that many/most are speculating. But it doesn't have to be that way. Using bitcoin has been the key to financial success for me.
What sort of things are you buying? I've only seen a few places which accept BTC, so far I have no 'use' for BTC except speculation. are you crazy? there are many sites that accept btc as payment. if you havent found any its because your not looking. |
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all we need right now is a few new usb asic miner producers.. we need more products in the <50$ range and in the <500$ range. shit, find a way to attach the low cost miner to a btc address and include the privet key information on the packaging and lock it to mine bitcoin without a pool and lock it. call them lottery tickets! haha id buy some, simular odds and it secures the network.
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people just want to be able to know they wont goto jail for getting rich with bitcoin. its not always ok to just buy a flashy house/car and have no explainable reason, the default thinking is your involved with drugs, and at this point all your things can be taken. people want to be able to pay the gov some % and get to live a happy life is all.
also i read about post offices nation wide are thinking about acting as bitcoin exchanges, that would be epic! I bet they could easily charge a small fee and make a bunch of money and get things kicked off for every day bitcoin use in stores and p2p
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reading this thread makes me want to buy bitcoin, the jolly nor the antminer are worth buying more so then buying btc today. im off to research better reorder deals tho, because id rather wait to get more then get less today.
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Longer term I am a bull but I believe we have not worked off all of the downside/sell offs entirely. We may see $600 by early to mid March. Time will tell.
Yes. You are in the same camp as I am except I suspect that there might be much more of a bloodbath than $600. That don't even touch the 200 day MA! However, this thread wasn't about the 'dramatic' drop in Bitcoin price, but more about how it happened. This wasn't market forces, but the hands of just two, or maybe even just one 'heavy weight'. I watched it play out and funnily enough, when I was watching the 160 Bid tranches hop around, I thought to myself, "I would love the power to be able to to take this fkn joker right out", and then someone did....and it hurt me. I have had enough of this for now....horrible horrible manipulated market. A bad day at the office. Think I will bow out trying to trade for now. Shorting option has been broken and Bitstamp is a fkn awful platform to try and trade on...even when trading long. you sound frustrated, holding is much more relaxing. <3 =) <3 that said im extreamly bearish at the moment. my fiance was trying to buy some at 710 but couldnt yet due to coinbases rules. i told her dont worry about it, we should see prices there again soon.... dammit we better! shes glaring at me every morning like its my fault bitcoin is going up. CRASH CRASH BITCOIN this house needs to see 710 again! =) |
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this is how i feel as well, and those new to bitcoin should read for sure. i bet for teenagers bitcoin is practically intuitive though, not "geeky". so i see that as another big jump in value in addition to what you list.
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or it means someone died.
OP PLEASE TELL ME NOONE DIED@!@!!!
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sd clearly means storage devise
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