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Buying at 70% below the previous ATH seems a good place to accumulate. Newcomers will likely think so too.
Banking on newcomers to prop up the price.  |
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...He must have sold or missed the bus ... Lol, such butthurt. You know that Russia is planning to criminalize Bitcoin, right? You could be on the wrong bus   In the mean time, keep on buying, intrepid investor! If it wasn't for finance enthusiasts like yourself, who would be left to buy my coin? |
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You're confusing tanking price with death of Bitcoin. Bitcoin won't die as long as there are a couple of netbooks mining it. Even if the coins mined are worth exactly zero.
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... Where is this bad news that is driving the price lower? You are aware of the running joke on reddit the only thing driving the price lower is unending good news? Well, Russia is planning to criminalize Bitcoin, so there's that... Not simply banning financial institutions from interacting with Bitcoin businesses like China, but making anything Bitcoin-related a criminal offense. Russia Proposes Monetary Penalties for Bitcoin Use and Promotion |
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>dump doesn't break daily low. BOOoOooOring...  |
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Bitcoin has super strong resistance @ 300 since bear whale and it costs about 300 to mine a bitcoin interestingly. We are at the bottom.
If we calculate different factor in this bottom price will be between 250-275$ when all is counted. But 300 is down for at least some profit for miners. My assumption is that bottom price would be 350$ minimum. So that miners have at least 100$ profit any bigger is more then fine. The "Bottom is where miners are breaking even" argument is nonsense. If the price falls below the break-even point, some will shut down, the difficulty would drop, mining will remain profitable for the remaining ones. |
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Published on January 2, 2014 56% of Bitcoiners fail dramatically at thinking. How is this news? |
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typically, news and price are unrelated, exception for really big news.
what kind of big news do you have in mind? Paypal news couldn't pump bitcoin for more than 10-15% Many here are waiting for world's economies to collapse. Because then their "digital gold" will make them filthy rich.  |
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... If these people with tons of money just invested a fraction of their wealth into it on an exchange, the price would go up. We're talking about only a 4.5 billion dollar market cap, and we're talking about billionaires here.
This reminds me of "if everyone on Earth sent me just one penny [which they wouldn't miss at all], I'd be a multimillionaire." |
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I have seen instances where a homeless man refuses a new pair of shoes because he knows they will make him the target of thieves. The same can be said for receipt of cash. A homeless man knows he should spend all of the money he gets from begging that same day on things that cannot be stolen, like food/drink to be immediately consumed. Anything not immediately consumed will be stolen that night while he sleeps. Cash will be stolen. No bank will give an account to someone who is truly homeless. Banks require a home address.
A homeless man can use a library computer and localbitcoins to turn cash into Bitcoin and actually build up savings. Bitcoin is the answer for the unbanked.
A homeless man using a library computer... to do what, exactly? Let's say this quirky homeless guy has an online wallet. Let's say he magically managed to fund it with coin. Now what? How does he spend it? He can't even order shit online to be delivered to his cardboard box--no addy. Mebby our homeless guy renting a PO box? Do you ever think shit through? what part of 'savings' did you miss there? and there are stores that take bitcoin face to face, and there will be ALOT more soon. How is a homeless man, with just a library computer for web access, going to spend Bitcoin in a meatspace store? |
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More than half of the 25btc rewards are gone.
Are you talking about the block reward halving in 2016? |
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Why not post some convincing analysis that the price will fall further?
How about you man up and admit you don't know WTF ur talking about, instead of yakking it up 'bout your boy-crush Marc and his girthy opinions? Then we'll talk. |
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HODL  After the bubble burst, people's confidence in BTC started to ...what's the polite term for this? Oh yes, "decline"  |
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Try answering my last post. The short term price movements are irrelevant to me.
For a guy who doesn't care about short-term price, you spend entirely too much time trying to predict it. Badly  Re. your last post: I started posting in this thread when Bitcoin was trading ~$500. Before that, I posted mainly in the Securities sub. Accuracy? 100%   |
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...But Marc Andreesen has made a lot of good calls in the past. You on the other hand..? I wouldn't be surprised if i wake up and its over 400 tomorrow morning  ...just like the day before Off to bed. Probably be over 400 when I wake, eh Shroomskit? Nn porkchop
It's 373, inca, it's 373  |
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TL;DR: “I think it will be in the form of bitcoin, but, even if it’s not bitcoin, it will be something else." Lol. By "something else" he means something different from todays system, not something other than Bitcoin. No need to make fun... Err, yes, he means something different, but not necessarily Bitcoin. Here's the context (emphasis mine): Rounding off the talk, Andreessen declared his confidence in the concept of cryptocurrency and the likelihood that it would become “vitally important”.
He concluded:
“I think it will be in the form of bitcoin, but, even if it’s not bitcoin, it will be something else. Even if it’s not this year, it will be five years or 10 years. It will happen, and it will be a very big deal. From that standpoint I both do care what happens in the short term, since we have to live in the short term, but I also have tremendous faith in what’s going to happen in the long run.”
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... bitcoin is no gamble. it is a disruptive technology with massive infrastructures being developed to support it.. dont you think VC et al dont borrow even a tiny portion to invest in all the crypto start ups?  ... Ahh... If you were my kid, hdbuck, I'd be concerned. Luckily, you're someone else's problem. |
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TL;DR: “I think it will be in the form of bitcoin, but, even if it’s not bitcoin, it will be something else." Lol. |
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You realize that folks like you will prob'ly be the first to go, right? "Gentlemen, I'll reward you handsomely with my bitcoin in exchange for your scrumptious can of spam. Let us retire to some quaint bistro with public wifi, and indulge in decaf soy frappuccinos while we wait an hour for the six confirms."  Hey, clueless - you have no idea who you are talking to.  Haithere little boy, does your mom know you're on the internet?  *Yes, yes I do know exactly who I'm talking to. |
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