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Yep, for now sell and see if we can gain some momentum back in the 360-380 range.
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Low volume going horizontally is pretty much a guarantee of a nice dump upcoming, those are very profitable moments, you can easily take 10-20% profit just in the upcoming 2 days.
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Interesting to see all these 'expert' opinions missing out on very high maintenance costs...
You people certainly never did any mining of any significant scale....
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We can't even stay above 450 and you're thinking of 10.000? The delusion is strong in you my friend.
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Sounds like he is trying to get people to sell their coins so the price goes down and he buys them cheep before the halving  ?  Regardless of what he is trying. The price is certainly coming down! Take your profits and wait for sub 400 to buy back. |
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Yes i think i'm going to sell but only if i see if the sentiment is not strong anymore
Which is right now. |
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the efficiency will help the profit for the miners, if the demand will not be there
miners need much less than the current price to have their profit, at 1k-2k in value they have their ass covered up to 2028-2032 halving
crazy value must come in play only when we approach the fee era, otherwise the mining scene will be fine
They profit for sure. But remember they invested significant capital upfront to start mining BTC. So how much do they need in terms of block rewards until they get their investment back at current prices? Did you mine or try to mine yourself? If so, you know it's not easy profit, it's risky and requires very large investments for very small profits. The only big profit to be made with mining is if you hold and the price will rise a lot, which is rather unlikely. The miners that we still have left aren't mining for profit, they are dedicated to a cause, they are people who were around with bitcoin when it all started, for an idea! |
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For the past two years the profit game has been SELL. There 's no reason this will change due to the nature of bitcoin.
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The mining system is self-adjusting. It will always be profitable for someone.
Hitting the nail on its head. Someone, most likely a single big party in total control of bitcoin. |
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In case you hadn't noticed, we're currently at 'the moon', the price has been unable to get any higher and there's an increasing number of significant dumps happening.
Very dangerous position to hold/buy at this point.
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It's not. Not at all. And one of the many reasons why the bitcoin economy is guaranteed to collapse, essentially making it a ponzi scheme.
? Eventually the miners have to be paid by fees only, forcing the transaction fee to skyrocket. Mining competition is really tight so there are only a hand full of big mining farms.. they will eventually eliminate the weaker ones leaving one or two parties. Meaning bitcoin is no longer decentralized and very vulnerable to manipulation, lowering its value. Making international wire transfer with your bank 100 times cheaper than using bitcoin. |
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It's not. Not at all. And one of the many reasons why the bitcoin economy is guaranteed to collapse, essentially making it a ponzi scheme.
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It can easily drop to a tenth of that once EU and US finish their new laws criminalizing the use and posession of all non government/bank digital currency. From what I understand quick progress is being made to push this within 2016.
Any links, references, articles? I can't see anything on europe.eu that suggests the EU will criminalise digital currencies. The EBA are being naturally cautious, and advising the finance sector against adopting digital currencies until the EU has a regulatory regime in place. That's pretty far from what I want to see, but it's even further from criminalising digital currencies. And, let's be realistic here, you don't have a great track-record with this stuff, Kwukduck. |
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I think the price will be around $500. The adoption of bitcoin will not increase that much to warrant a higher price.
If we look at adoption rate it shouldn't be worth more than 50 bucks.... ask yourself. Do you really know anyone else in your real life that uses bitcoin? I'm predicting you'll have to say 'no' in order to be honest. |
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It can easily drop to a tenth of that once EU and US finish their new laws criminalizing the use and posession of all non government/bank digital currency. From what I understand quick progress is being made to push this within 2016.
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Christmas always seems so far away, right until it's tomorrow!
There is no possible scenario where bitcoin will be valued at $700 at least until the halving of the block reward.
It's already heavily overpriced and downward pressure is rapidly growing as people start to realize this.
Nonetheless I wish you a happy Christmas.
God bless.
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bitcoin is going to $2k in january and $4k 1 minute after block halving. be prepared... be very prepared
Just quoting so you'll feel silly next month. |
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A price adjustment?
Bear trap, price already back to $453 on a stready climb Just be prepared for more hard drops. Remember there is a hand full of people owning 99.9999% of all btc. They have nothing to lose and only your money to gain. |
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bids and sells.
if you sell, price plunge
if you buy, price skyrocket.
if you want, you can sell right now 1 BTC for 10 000 USD.
and trust me, they have plenty of offer like that to wait a big (and crazy) player.
Reminds me of that story: A businessman comes to a village, where there are lots of monkeys. He promises that he will give $10 per monkey, initially people don't believe it but as time goes on, they start catching and selling nearly 50%(initial population 1k) of the monkeys to the businessman. He then tells the people that he will be going somewhere else and will come a month later with a better offer. A month later he does come back and this time offers $40 per monkey, now there are only 25% of the monkey left after villagers sell all the remaining monkeys. Once again the businessman before going to to some other village says the same thing as last time. And a month later after that comes with an offer of $160 per monkey, this time all monkeys are captured and sold by the villagers and the businessman gives the payments promptly, now no monkeys are left at all in the village. Now what the businessman does is, leaves his secretary in the village and goes somewhere else with the same promise as the other times, this time he promises that he will offer $640 per monkey next time. Now what the secretary does is, starts selling monkeys each for $400, as the villagers know they can later sell for $240 profit, and that there are no monkeys in the village that they can sell, they start buying the monkeys from the secretary. Now what happens you ask? The secretary runs away with the money and then meets the businessman who then laugh at the villagers' stupidity. While the villagers have monkeys  Great analogy to show that bitcoins are actually monkeys. |
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The only time to buy is immediately during or right after a hard crash. Any other time frame in bit coin is extreme risk to lose a lot of money. So yes, it's time to sell. Buy some back when it's crashing hard and profit from the bounce.
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