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I currently only have about 40 bitcoins.... I need at least 6 figures (purchasing power in terms of dollar in today's value), so I don't plan to sell until it's at least $2K/btc or above. And if I go down the drain before that, then so be it.
I'll probably sell 10 @ $2K... and see how quickly we go up if there happens to be another sharp rally. I don't think the volatility will disappear anytime soon so despite being in the longest bear market in bitcoin history, I still think there is a good chance for another rally/bubble when the time is right.
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will be 10$ and hope i can buy more btc  Posted From bitcointalk.org Android App Yes yes... when it falls to $10 you can buy as many BTC as you can! And then it will go to $1, because going to $10 at this point means BTC is basically dead... so good luck! |
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To what degree is it fundamentals-driven? To what degree is it speculative?
Has your opinion about the *value* of the asset remained stable through its last several movements of *price* and if so which is now higher?
What's your opinion on these, cryreddit? |
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In fact, I have a sign hanging above my monitor that says NO, IT IS NOT DIFFERENT THIS TIME. It has saved me multiple times from making stupid trades.
It's the first time price broke below the previous ATH after making a new ATH. That doesn't mean shit |
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What if bitcoin reaches a semi-decent adoption (used by 200M or so people), will someone be well-off with 40btc?
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I wouldn't be surprised... i feel like we still haven't hit "true despair"
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A range from 100 to 500 or 600 spikes.
The price should be more than 1000$ at the end of 2015 because people will have lost faith in the Dollar and in the Euro. No one is losing faith in the dollar, let's not be delusional... if anything a lot (not me) are losing faith in bitcoin because the price keeps going down. No one is comfortable acquiring currency that has been losing its purchasimg power for a year straight |
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Either scenario is equally possible... you wanna random guess? I say down
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You don't predict if bitcoin is going up or down in the coming months/year.... the first post boasts about how you, presumably, called a bear market at the end of the last bubble... ok great, but where is the info that actually matters? Where are we going from now? |
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DBZ had amazing music, epic moments and emotional scenes that brought the feelz   |
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From the list posted, DragonBall Z is the closest one to my heart  , You can add YuYu Hakoshu too. I like this kid |
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I agree with your post, and that there is plenty of upside despite the current state of fear.... but I'm more concerned it may take 5-10 years for the demand to catch up with the supply where the next rally may happen. A lot of people thing the 2016 block halving will cause a rally but I highly doubt it
why so? a lot can happen in 2015 to be able to call 2016 already, nevermind 5~10 years a head. the longer the time frame the more confident i personally am about a higher price, but in the btc world a year is an epoch! so i think its totally possible to see a big rally before too long. like a physical fire it can take a while to catch and get burning but once it started it spreads quick:p anyway, even if it does take 5~10, is that so bad? gives us time to accumulate even more! It's not a bad thing if it takes that long, but the reason I think it may is because bitcoin needs to be useful, accessible, and simple for it to catch on to any significant portion of the population. This technology isn't as usefull out of the box, it needs to be utilized by applications that are yet to be developed. Not sure exactly what you mean but imo the usefulness is not really related to the price, it works fine regardless of it - assuming its mainly used as a payment/transmission system and we dont consider the mining reward side (which in theory could be compensated by other ways). Im sure many new apps and techs will come along in the next year or so to make it even easier to use, and they wont be hindered by the price fluctuations. For other uses Im not sure how price affects it really, apart from investment/trading/speculation - but thats not really a BTC specific function. Usefulness = more people having the incentive to use/acquire bitcoin = more demand = less supply. If 100 million people (1.5% of the population) have the incentive to use bitcoin... how many of those people can own an entire bitcoin when there are only 21million in supply? That's what I meant |
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I agree with your post, and that there is plenty of upside despite the current state of fear.... but I'm more concerned it may take 5-10 years for the demand to catch up with the supply where the next rally may happen. A lot of people thing the 2016 block halving will cause a rally but I highly doubt it
why so? a lot can happen in 2015 to be able to call 2016 already, nevermind 5~10 years a head. the longer the time frame the more confident i personally am about a higher price, but in the btc world a year is an epoch! so i think its totally possible to see a big rally before too long. like a physical fire it can take a while to catch and get burning but once it started it spreads quick:p anyway, even if it does take 5~10, is that so bad? gives us time to accumulate even more! It's not a bad thing if it takes that long, but the reason I think it may is because bitcoin needs to be useful, accessible, and simple for it to catch on to any significant portion of the population. This technology isn't as useful or convenient out of the box by itself, it needs to be utilized by applications that are yet to be developed. And when those applications come, that utilize bitcoin as a digital programmable currency, and use it in a way that cannot be done with conventional currency or credit cards, that's when I think more will start using it. Like the internet, it could take a decade for that to happen |
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Well, I know for a fact what bitcoin can do for us, but will it help ISIS destroy US? Should Bitcoin regulated for this?
What the fuck? |
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I agree with your post, and that there is plenty of upside despite the current state of fear.... but I'm more concerned it may take 5-10 years for the demand to catch up with the supply where the next rally may happen. A lot of people thing the 2016 block halving will cause a rally but I highly doubt it
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We are NOT the wealthy elite gentlemen, sorry.
$3500 in 2020... MAYBE.... but I doubt it because nothing good w/ money happens to me
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lol... the only time fewkoinz makes a bullish post he is dead wrong
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We haven't hit $100 or below yet... isn't this a little quick to celebrate?
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If the price goes back down to two digits, I guess the price can skyrocket again because of the cheap coins. Even though the actual price is already too cheap.
Going from double digits to $200 = "skyrocket" ........still sucks dick for bagholders  |
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I agree that there will be more blood in 2015 and if the price sees any significant rise it'll be in 2016, but I don't agree with your reasoning.
I think there will be more development and btc applications by then, and thus more incentive for people to use it. Block halving alone is not gonna skyrocket the price just because it happened last year.
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