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The longer BTC is consolidated and get more used, the better.
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If the price of BTC is below the cost of 20-30% of miners, then it is the price to buy.
Care to elaborate on this.. I'm interested in what you're getting at. That would be a point where miners shut their rig to cut loss, or you can say they are desperate. So the selling pressure from miners is lowered. That would indicate a short term bottom. |
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Most alts are get rich quick scheme.
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Bitcoin will stabilize at zero a couple of years down the road.
Only when it is not widely adopted. |
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$200 is possible, maybe caused by margin call. Long term, it will be higher.
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God almighty, this place is exactly like it was in 2010.
2011 2012 2013 |
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I tend to agree that there will be more downside, but I also want to point out a fact about BTC or investments in general.
When price goes up, it is easy to see BTC as a revolutionary technology that could change the world and that has incredible advantages over other means of payment, but when the markets are really bearish and price is falling BTC starts to appear redundant, not particularly useful, everybody starts to talk about its flaws and various other issues related, even though nothing particularly changed fundamentals wise between the two scenarios (only more good news).
It's a cognitive bias, even if valid points can be made in the two situations.
I think the reason for this constant downtrend is simply too much supply (3k BTC created a day if I'm not mistaken) for the current demand.
BTC has probably been overpumped, overhyped, overbought (but especially the last bubble) and demand simply is not there.
It needed a "price reset" and maybe this "price reset" it isn't over yet.
Agreed. but 3600 BTC are created every day (144*24). |
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Tulip bulbs has little practical use apart from being looked at. You can use BTC to buy things.
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If the price of BTC is below the cost of 20-30% of miners, then it is the price to buy.
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I knew sub $400 coins would be too good to be true  It is close to the cost of some miners. |
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im still patiently waiting for 420+ to give my coins back to bulls, middle finger formation to 430 would be perfect =)
seems to me like ending diagonal (the v of c of (iv) ) it doesn't seem to be able to push much higher ill give it little more time, im selling little if we go to 410 What is your cost? |
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September/October is usually not good for investment.
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I bought in at £330. and now the price is £255-£260. ..... And i thought the price was going up.....  this time next year you're going to be a millionaire  Most likely in 10-20 years. |
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What I'm asking myself is if and when bitcoin will fail. To me, now seems the most likely time for bitcoin to just fade out and never come back which makes me uncomfortable
Selling at a bottom is a fail. If you feel prone to it, just get a vacation of 6 months and check back then. What I mean is if bitcoin were to ever fail then now would be the time. I doubt bitcoin would fail and fade out when we are at $5k I hope you're right though When BTC is $5k, I would think Wall Street is in. The momentum will keep it going. |
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Nah. It will go down again in a few days. We will at least touch 299 before this is over.
It does not matter, as long as it is used, it is good. |
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Ecuador has enough computers to make btc a viable currency?
That would be a fiat digital coin, not BTC. |
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Maybe I was lucky but I had some successful daytrading from April to September, I was playing with dust btw.
Is that swing trade? |
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much less than 10% adoption and the adopters are also not using the bitcoins just holding, lots of work to be done!
I would say much less than 0.1%. The merchants accepting BTC should also use it to pay bills, not just selling it on exchanges. |
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If the BTC/LTC are accepted in unconventional trade, the value will rise.
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