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Author Topic: Bitcoin: Should you stay or should you go?  (Read 33428 times)
faridkifly
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October 15, 2015, 02:09:34 PM
 #461

as long as bitcoin have a "value" i think stay it's good decision dude
except you're invest in btc
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OrientA
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October 15, 2015, 04:44:55 PM
 #462

But there are a lot of people who own and run bitcoin mining farms who invested thousands, and maybe even millions of dollars in equipment to mine this stuff.  So to say that if bitcoin's prices were to drop heavily for a while and maybe even stay there for a couple months, isn't an ensured reason that everyone will just pack up and leave bitcoin forever... there's just simply too much time, money, and effort invested into this thing.

These farms are for profit only. When the price drops below their cost, they will shutdown their farms.

then you need to wait two halving for that, emanwhile in two halving i'm quite sure, that the bitcoin price will increase at least double, which mean that you need 3 halving to see the mienrs leave and so on...

not gonna happen basically...

With the increase of difficulty, the less efficient farms will close down.

difficulty increase only because of efficiency, this is proven by the fact that until the new s7 the diff was flat for 9 months straight

the ratio between diff and efficiency can not be altered and miners know that, otherwise they would only lost profit

A1 is not profitable now. So they are switched off.
Amph
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October 15, 2015, 04:58:15 PM
 #463

But there are a lot of people who own and run bitcoin mining farms who invested thousands, and maybe even millions of dollars in equipment to mine this stuff.  So to say that if bitcoin's prices were to drop heavily for a while and maybe even stay there for a couple months, isn't an ensured reason that everyone will just pack up and leave bitcoin forever... there's just simply too much time, money, and effort invested into this thing.

These farms are for profit only. When the price drops below their cost, they will shutdown their farms.

then you need to wait two halving for that, emanwhile in two halving i'm quite sure, that the bitcoin price will increase at least double, which mean that you need 3 halving to see the mienrs leave and so on...

not gonna happen basically...

With the increase of difficulty, the less efficient farms will close down.

difficulty increase only because of efficiency, this is proven by the fact that until the new s7 the diff was flat for 9 months straight

the ratio between diff and efficiency can not be altered and miners know that, otherwise they would only lost profit

A1 is not profitable now. So they are switched off.

that's because there is something that is better, not because mining is not profitable anymore

as i said that ratio must be maintaned by miners if they want to have profit
IamTalkingaboutmoney
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October 15, 2015, 05:02:06 PM
 #464

i think bitcoin must stay for a long long time beacuse its important, to buy somthing from the dark net its very usefull

chennan
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October 15, 2015, 05:14:10 PM
 #465

i think bitcoin must stay for a long long time beacuse its important, to buy somthing from the dark net its very usefull

Even though bitcoins can be used for purchasing things on the dark net, it shouldn't be known/limited to just being used for that.  People have to realize that it's just a more convenient/more reasonable form of currency that is limited in numbers, not like the private banks just printing out money out of no where...

There are so many possibilities for bitcoin, and I hate that it's just seen relevant by most people as a way to pay drug lords on tor.

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OrientA
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October 16, 2015, 10:07:03 AM
 #466

i think bitcoin must stay for a long long time beacuse its important, to buy somthing from the dark net its very usefull

Even though bitcoins can be used for purchasing things on the dark net, it shouldn't be known/limited to just being used for that.  People have to realize that it's just a more convenient/more reasonable form of currency that is limited in numbers, not like the private banks just printing out money out of no where...

There are so many possibilities for bitcoin, and I hate that it's just seen relevant by most people as a way to pay drug lords on tor.

The proportion of usage in dark net will be smaller if we use it more to purchase/transact in good causes.
minerbit hill
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October 16, 2015, 12:00:31 PM
 #467

I stay of course, We're still in the very early days of decentralized digital cryptocurrency. Like any technology, it needs time to mature.
randy8777
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October 16, 2015, 01:07:14 PM
 #468

I stay of course, We're still in the very early days of decentralized digital cryptocurrency. Like any technology, it needs time to mature.

people always chase quick profits. patience is they most important thing of trading but without patience you'll never succeed fully.
jt byte
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October 16, 2015, 02:29:18 PM
 #469

i dont think what is the best idea whether to quit from bitcoin world or to stay though i will surely keep my bitcoins and wait for a price increase what will happen in the future i hope

I think that if someone join the bitcoin world will not quit.
At least for me since i have known about bitcoin I enjoy learning about it.
I don;t think that i will quit for a long time maybe or if any big crash happens.

There are no possibility of bitcoin crashing. Bitcoin has survived many years, so we can be confident it's completely bug free. History will repeat. So, bitcoin prices will repeat it's growth and the growth of bitcoin will take it to as a global currency.

Who know that bitcoin will not crash to 100$ for example?
It has survived many years but there is no guarantee that the price will not go down again.
But i think that bitcoin is going good, and many big company will implement to accept payment through bitcoin soon.

Bitcoin may crashes to $100 also. But definitely will not sustain there. When a single attacker wanted to make a low price with his money to be burnt, he can make $100 price in a single exchnage or in multiple exchange but he will eventually fail in a single trading sessions.
The users growth raises rapidly daily. So, the price will follow that very soon.

At this stage when the bitcoin price is ~$262 i don't think that the price will drop.
Neither for this year, i hope it will reach 300 dollars very soon by this trend.
We should stay Smiley something good is happening Tongue

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harizen
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October 16, 2015, 03:10:52 PM
 #470

At this stage when the bitcoin price is ~$262 i don't think that the price will drop.
Neither for this year, i hope it will reach 300 dollars very soon by this trend.
We should stay Smiley something good is happening Tongue

Im optimistic that it will happen but not that exact $300 but only around that. There is no negative speculation I've been hearing around so maybe chances of getting it to near $300 like in the past months did is possible.

Watch out for more dumpers while the price is kicking.

BTCBinary
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October 16, 2015, 07:35:12 PM
 #471

Bitcoin is here to stay. It already has an enormous network rinning it and that's the whole issue.

One chain to rule them all!
TTMNewsMJ
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October 17, 2015, 12:49:00 AM
 #472

Goodluck for those who will leave the bitcoins. In the future, bitcoin will be the best payment method that we can use. Just wait for the right time.
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October 17, 2015, 12:56:37 AM
 #473

i think bitcoin must stay for a long long time beacuse its important, to buy somthing from the dark net its very usefull

That true most of the people who are into bitcoin business they are using bitcoins for this purpose that's why bitcoins can't grow in bigger way. Many common people mind set says bitcoins usage is only for non legal things. But I would prefer if that mind set change and it become a normal currency to buy most of the items instead only those dark net.
MinerHQ
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October 17, 2015, 12:58:48 AM
 #474

I stay of course, We're still in the very early days of decentralized digital cryptocurrency. Like any technology, it needs time to mature.

people always chase quick profits. patience is they most important thing of trading but without patience you'll never succeed fully.

That's why one shouldn't go for day trading instead buy and wait for good price to sell later. In day trading most of the people will lose money.

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ron7684
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October 17, 2015, 06:49:41 AM
 #475

https://www.youtube.com/watch?v=GqH21LEmfbQ

Dotakels
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October 17, 2015, 11:45:31 AM
 #476

I stay of course, We're still in the very early days of decentralized digital cryptocurrency. Like any technology, it needs time to mature.

people always chase quick profits. patience is they most important thing of trading but without patience you'll never succeed fully.

That's why one shouldn't go for day trading instead buy and wait for good price to sell later. In day trading most of the people will lose money.
yeah its better to wait to a good price to sell, because you must specialize some equity investment and different fund management and i have read some articles that by day trading they lost much of money.

harizen
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October 17, 2015, 11:59:28 AM
 #477

I stay of course, We're still in the very early days of decentralized digital cryptocurrency. Like any technology, it needs time to mature.

people always chase quick profits. patience is they most important thing of trading but without patience you'll never succeed fully.

That's why one shouldn't go for day trading instead buy and wait for good price to sell later. In day trading most of the people will lose money.
yeah its better to wait to a good price to sell, because you must specialize some equity investment and different fund management and i have read some articles that by day trading they lost much of money.

When is the good price? When is bad price?

Even you look in some bitcoin forecast still one quick news in a second can change the flow of bitcoin price even in a peak price season.

The point here is , if you buy it for low then sell it for high but not waiting much for the price kick. Profit here is clear.

Supercrypt
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October 17, 2015, 01:39:13 PM
 #478

Bitcoin got all the reason to stay with us as well as beyond our generations too. It's just a survival of fittest. The fittest bitcoin will last for ever and will get improved itself with the future requirements as well as future needs and changes....

MinerHQ
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October 17, 2015, 03:03:58 PM
 #479

I will stay with Bitcoin to make regular profits from its price fluctuations. I make a decent profits from these Bitcoins regularly.

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Betwrong
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October 17, 2015, 04:58:39 PM
 #480

We should not leave Bitcoin even if prices drop.
Bitcoin's acceptancy will keep grow, feel secure.

There should be at least limit of price drop. Don't just trust Bitcoins. Trust all the factors that can move Bitcoin prices. For example if Bitcoin price will drop to let's say $10 or $2 as an example stated above. Do you think the factors of it that's why it reached that mark will not be taken seriously by some miners or individuals? It will taken seriously starting from $100 like the one poster says.

Yes, but this will never happen. I can see no reasons for such drop in price of BTC. Of course we may speculate about it just for fun but seriuosly it's like speculating about what would happen if the US dollar will be cheaper than the Russian rouble. )

LOL at this. I like your positive strong faith in Bitcoin. Keep it up Smiley But....

You said the word "will never happen" because you can see no reasons,,,,for now. We should consider every possible scenario that will happen bitcoin including if the price will land @ $100usd mark. This is possible. Faith on bitcoin alone isn't enough to keep the price up.

Excuse me, but I disagree. I think Bitcoin is such a thing that faith in it can keep the price up. If people have faith in it they don't sell it but demand is always there so the price goes up.

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