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

[smith coins]

Let's be honest some traders are happy and some not.
The happy traders are that bought when the price was low yesterday and can sell today with a higher price.
And today there are some sad traders that missed this chance, i think that 100$ will not be reached this year.

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[Aemon]

I don't think we will see a huge amount of people buying anything until the price goes to less than 10 dollars.  Right now the price is steady but over the past year it has been a slow and steady decline not incline.

[bloods-n-cryptos]

According to certain interpretations reflecting a certain school of thought, the local low price $120-$80 may happen at the end of the year (2015) and is necessary before the next big wave to new highs next year.  As per them, validation will occur if price continues to rise for the next week or so and then starts a major drop right afterwards. 

[Febo]

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?

Question is if then really everyone will buy a lot of they will wait for $50.

[oser41eric]

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?

Question is if then really everyone will buy a lot of they will wait for $50.

Guess it depends what the reason for going down to $100 in the first place. If it was a good reason the chances are it will be dropping from there fast so I would have hopefully sold my coins long before that crazy drop and then maybe I would buy back in at a later date.

[n2004al]

According to certain interpretations reflecting a certain school of thought, the local low price $120-$80 may happen at the end of the year (2015) and is necessary before the next big wave to new highs next year.  As per them, validation will occur if price continues to rise for the next week or so and then starts a major drop right afterwards. 

I'm afraid that don't exist any school of thought about bitcoin. Might be a group (or some groups) of people who think in the same way or discuss about bitcoin and give opinions about it but this doesn't make them school. Maybe even cycle of classes in various colleges or universities. But that's all. The school is another thing. And it is not easy to create a school for something. Especially for the bitcoin which is yet a "children" and yet with various ideas about its final development.

[neochiny]

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?

well you are right in some point.
if bitcoin will REALLY go down that far.
absolutely many bitcoin users will buy.
but ofcourse before it go down to that.
i think a lot of bitcoin users already sell their bitcoin because
of disappointment. and bitcoin users really dont want it to go down that
far, the true fantasies of bitcoin users is the bitcoin to go up and up..
not down and down...

[mordekaiser]

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?

Might be true but maybe some people wait until the it will become $20 if so i would buy a lot and just keep it, until the time its price will be very high then I'll be thankful that I bought coins at a very low price.

[NoRespect]

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?

Might be true but maybe some people wait until the it will become $20 if so i would buy a lot and just keep it, until the time its price will be very high then I'll be thankful that I bought coins at a very low price.

if bitcoin has reached the price of $ 100
then that's where I sell all my bitcoin 

[Aemon]

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?

Might be true but maybe some people wait until the it will become $20 if so i would buy a lot and just keep it, until the time its price will be very high then I'll be thankful that I bought coins at a very low price.

if bitcoin has reached the price of $ 100
then that's where I sell all my bitcoin 

If bitcoin hits 100, I will probably be buying, maybe if it was a little lower or depending on the situation, we will just see how time does and go from there!

[junglemouse]

Too much sideline money watching to drop to 20's

price has been stable at low 200's. I'd say it safe to say this is Bitcoins true value at the moment.

[Nami]

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?

If the price will be $100 maybe I would buy or wait until it will be lower and I could buy a whole lot more.

[lol1yatme]

Greedy. Waiting for a price of $100.
Even when the price hit $100, they again will wait for $50 price. Greedy is unlimited and unmanageable. You never can buy at a lowest price but you can buy at AVG lower price. Same thing for selling price.

[wafersticks09]

Lots of bitcoiners says they will buy a lot of bitcoin if the price fall into $100 but the reality is when the price become $100 they won't because they are thinking if it's still worth it to invest in bitcoin.

[HeroCat]

I do not think Bitcoin price will go down to 100 USD/BTC. It's too low price 

[jaysabi]

I could see it going back to $100 if popularity just drops, no more adoption and existing users turning their back on the currency.
And I do think Bitcoin could use some good marketing right about now, to bring in some new users.

But ease of use must be improved, through certain services possibly..

I think as bitcoin users, it should be our responsibility to contribute to the world of crypto with our skills and expertise, providing the people of the bitcoin community with services, websites, products, apps, etc which are essential to them increasing their use of bitcoins as well as use the application created. The application will get a lot of money, especially now that it knows its demographics and chance of monopoly

Its very true, people do not respond to comments like these but such comments deserve the most attention. Instead of constantly fighting about how bitcoin is so volatile, the pros and cons, the bullshit other countries are doing and ranting why they are not adopting bitcoin, there should be threads which encourage innovation and help build together something really cool!

Exactly, bitcoin is so interesting to me because that value is a pure case of supply and demand, and supply cannot be manipulated. We have a constant and predictable rise in supply, so the only way for Bitcoin to become more valuable is for there to be increased demand. However, increase in demand by people who will buy it and hold it hoping for appreciation are not actually helpful to the currency, and buying for appreciation (i.e. speculation, like the hottest new stock) is what caused the bubble in 2013 that saw the price shoot to over $1100, only to slowly deflate over the last two years. A currency with wild volatility is useless as a currency, so this kind of demand is detrimental to bitcoin as it increases price instability.

That leaves you with demand from wider adoption and use of bitcoin as a currency, as it was intended to be used (not as a capital asset, which is what most of the increase in value has been fueled by). That means there needs to be more that can be done with bitcoin. Also, the value needs to be substantially stable in order to prevent merchants from simply accepting in bitcoin but immediately converting to fiat to lessen the risk of currency swings.

In all, this is a lot to ask for, and it runs counter to most people's instincts concerning bitcoin, which is to accumulate for the purpose of selling for more fiat later.

[arbitrage001]

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?

Talking out of your ass.

When the price hit 100, everyone will panic and no one will buy.

[gentlemand]

When the price hit 100, everyone will panic and no one will buy.

They'll squeal and freeze just as much as anyone else and then retrospectively shout about it being the buy opportunity of the decade if it recovered.

[Ceizer54]

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?

Actually,it depends on the person holding the bitcoins.
if they are holding huge amounts of bitcoins they must be probably wanting that bitcoin should rise and rise..and if some people  (including me) are holding less or no bitcoins then they want the price of bitcoin to drop so they can acquire as much bitcoin as they can before it rises again

[jaysabi]

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?

Actually,it depends on the person holding the bitcoins.
if they are holding huge amounts of bitcoins they must be probably wanting that bitcoin should rise and rise..and if some people  (including me) are holding less or no bitcoins then they want the price of bitcoin to drop so they can acquire as much bitcoin as they can before it rises again

Anyone holding bitcoin like a capital asset isn't using bitcoin as it's intended, which is as a currency. In order for a currency to be viable, it needs to be a stable store of value, not subject to volatility. Volatility is what caused the bubble in 2013 that sent bitcoin over $1100, and the speculation resulted (predictably) in the crash that followed. The range bitcoin has been trading at in the last 6 months has been the best thing for bitcoin adoption, but the price is still too volatile to be a useful currency. Merchants transacting in bitcoin immediately convert to fiat. That's bad for the bitcoin community.