Let's Be Honest. We Are Waiting for $100/BTC to buy

[Enjorlas]

Let's cut the crap. Most of us are just waiting for Bitcoin to finally hit $100 to buy a huge quantity. Am I right or talking out my ass?

[randy8777]

waiting for $100 is like wasting your time. i doubt it will even go below $200
current price makes me buying a certain amount of btc per month.

[asuryan180]

waiting for $100 is like wasting your time. i doubt it will even go below $200
current price makes me buying a certain amount of btc per month.

Your not the only one i have been buying what i can afford it bitcoin each month for awhile now, while it is at these levels i am as happy as i would be at the $500, once it goes the days of getting in this cheap are gone just hope we have enough stocked.

No op i am not waiting for $100 but if it comes i will risk it and break number one rule investing more than i can afford to lose just this once and hopefully that pays off 

[anshar]

If Bitcoin hit $100, I'd sell this account and quit Bitcoin completely. Mainly because I bought in at $600 like an idiot and I'd be an hero.

[JaredStein]

Yeah like other have said I don't think it will get down to that level but if it does I do now know if it will be able to rebound.

[Enjorlas]

waiting for $100 is like wasting your time. i doubt it will even go below $200
current price makes me buying a certain amount of btc per month.

Let me guess, you were telling people to buy all the way down from $1000? Please, don't waste these people's good time with your baseless 'gut instincts'.

Next..

[BusyBeaverHP]

If everyone is waiting for $100/BTC to buy, some of us will front-run the crash and hence BTC will only touch $125 at best.

On the other hand, I'd be more than happy to be wrong about this, because I'm waiting for $100/BTC too 

[clubsofsteel]

haha do you guys think its really going to never be this low again? i would love to believe this but im ust not sure one way or the other, it seems enough people use btc nowadays so it shouldnt be possible for it to become worthless any time soon right?

[Bit_Happy]

Let's cut the crap. Most of us are just waiting for Bitcoin to finally hit $100 to buy a huge quantity. Am I right or talking out my ass?

Many people with deep pockets would love to see $100/BTC, but the smart move is to already own a good number, since the bear market could be over..

[H.W.Z]

If everyone is waiting for $100/BTC to buy, some of us will front-run the crash and hence BTC will only touch $125 at best.

On the other hand, I'd be more than happy to be wrong about this, because I'm waiting for $100/BTC too 

When the price comes to $100/BTC, I think some ppl are panic and will be afraid the price will go down further. They will say they are waiting for $50/BTC.

[chennan]

If everyone is waiting for $100/BTC to buy, some of us will front-run the crash and hence BTC will only touch $125 at best.

On the other hand, I'd be more than happy to be wrong about this, because I'm waiting for $100/BTC too 

When the price comes to $100/BTC, I think some ppl are panic and will be afraid the price will go down further. They will say they are waiting for $50/BTC.

It seems there are already some ppl who are waiting for the price.
https://bitcointalk.org/index.php?topic=965252.0;topicseen

[TheButterZone]

I'm waiting for $1/BTC. http://bitcoin-otc.com/vieworder.php?id=22082

[sgk]

Let's cut the crap. Most of us are just waiting for Bitcoin to finally hit $100 to buy a huge quantity. Am I right or talking out my ass?

There is no guarantee it will go down to $100.
I am waiting for $200 to buy some. If it goes to $100, I will buy even more. I will keep buying low until I reach my minimum goal amount of BTC.

Once I collect my target amount, I'll just HODL and keep trading smaller amounts for profit.

[darkangel11]

I own some BTC and I'm not planning to buy more at any price. If it goes to $100 I won't invest more in a dying project. If it goes to $1000 I also won't buy more because I won't be able to afford it.

[sgk]

I own some BTC and I'm not planning to buy more at any price. If it goes to $100 I won't invest more in a dying project. If it goes to $1000 I also won't buy more because I won't be able to afford it.

$100 will not mean Bitcoin is dying. If price decline is a measure of dying, then Bitcoin has died several times. And then rose again like Phoenix.

See how many times Bitcoin has 'died':
http://bitcoinobituaries.com/

[darkangel11]

I own some BTC and I'm not planning to buy more at any price. If it goes to $100 I won't invest more in a dying project. If it goes to $1000 I also won't buy more because I won't be able to afford it.

$100 will not mean Bitcoin is dying. If price decline is a measure of dying, then Bitcoin has died several times. And then rose again like Phoenix.

See how many times Bitcoin has 'died':
http://bitcoinobituaries.com/

We are not talking about a simple price decline but a 90% decrease of value of a developing product. Ever heard of such thing happening to a technology that is supposed to be a breakthrough? If this happens it means  all the money that came into the coin in the last 2 years is now out, it's really that simple.

[calme]

countless people got rich from and then poor from the dotcom bubble semi-recently. look at prices now compared to the peak of the tech bubble. and how could any given btc price make it too expensive to be able to afford? maybe you could still afford some mBTC?

[johnyj]

To be honest, there is such kind of possibility, due to now many speculative mining farm will blow up

Before, in GPU mining era, coins are distributed among millions of miners around the world, and most of them hold mined coin as a hobby or investment, so the market supply is very low and stable

But now, coins are concentrated on a group of industrial mining farms who want to make profit by mining bitcoin. These people are not the same as GPU bitcoin miners, their only target is to make fiat money profit, and bare a huge cost. They must sell coins constantly to deal with the cost, which makes the market supply higher than before. Finally, when it is no longer profitable, they will dump their operation at large scale and cause the hashrate to drop, this has not happened yet but might be on the way

Only when mining return to the hands of bitcoiners, the sell pressure on market would drop. And mining will be consolidated and move forward. Another way is a very mature cloud mining business model, which is not available yet

[tabnloz]

waiting for $100 is like wasting your time. i doubt it will even go below $200
current price makes me buying a certain amount of btc per month.

Let me guess, you were telling people to buy all the way down from $1000? Please, don't waste these people's good time with your baseless 'gut instincts'.

Next..

Generally 'gut instincts' are baseless, that's why they're 'gut instincts'.

[BusyBeaverHP]

If everyone is waiting for $100/BTC to buy, some of us will front-run the crash and hence BTC will only touch $125 at best.

On the other hand, I'd be more than happy to be wrong about this, because I'm waiting for $100/BTC too  

When the price comes to $100/BTC, I think some ppl are panic and will be afraid the price will go down further. They will say they are waiting for $50/BTC.

Those people are going to be waiting forever, because approaching $100/BTC, there will simply be not enough liquid coins in the market to match the demand of buyers at that rate.

Barring apocalyptic events like Satoshi dumping his coins, or BitFinex going under, or fundamentals like SHA2 broken, my prediction is that $100/BTC will only be touched for a few seconds during a flash crash in the absence of truly horrendous news.

This is a really dangerous time to speculate, as the market is putting to the question the long margins (which has always exceeded the shorts), but at the same time, the Bitlicense's comment period is nearing close and we could see Gemini and/or the ETF nuking the shorts from orbit.

What will happen next? Stay tuned... on the next episode of Bitcoin-Z.