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Author Topic: Bitcoin: Should you stay or should you go?  (Read 33417 times)
umaOuma
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June 13, 2015, 07:08:29 PM
 #81

bitcoin in long term  should have a bright future and that gives the reasons that we are all here talking about it.

Yes dont go with the current value it is definitely going to create history in the future so the best way is to hold it for a moment and wait for the right value and at present you can also go for trading where you can earn good amount of profit and it would be stupidity to leave it at a moment.
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stromma44
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June 13, 2015, 09:38:56 PM
 #82

bitcoin in long term  should have a bright future and that gives the reasons that we are all here talking about it.

Yes dont go with the current value it is definitely going to create history in the future so the best way is to hold it for a moment and wait for the right value and at present you can also go for trading where you can earn good amount of profit and it would be stupidity to leave it at a moment.

Ya agreed  but different people have different perceptions. So I think it is totally an individual decision whether to stay or go away. As you need to believe in yourself many people around you would say that it is dead or it is foolish decision to invest in bitcoin but who the hell are to say this and how they are very much sure that bitcoin would not work or will be alive in future?? time to think Huh
BruceSwanson
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June 13, 2015, 09:47:50 PM
 #83

Without a defining killer app, I am confident that Bitcoin will, in fits and starts, inevitably return to its 2009 levels. It would be pointless to guess how long that process will take; or when that killer app will appear although I am also confident it will appear at some entirely unpredictable point.


I don't follow your question. Bitcoin is a currency or an asset class. Does the Yen or the Euro need a "killer app" to be successful or useful? No. QT scan codes already exist, which enable the payment to be recognized.

What's missing that only a "killer app" could provide, and why does that thing that's missing (if something is) drive solely the future success or failure of bitcoin?

Are you saying that business owners don't have an easier way to facilitate payments? Are you saying that mobile applications drive user adoption of a new idea or technology?

Education and comfort level is a big part of this. Computers weren't deemed to be important or a necessity when they first came out. The internet wasn't considered a necessity when it first became available. Education and time changed the popular opinion. The same can happen with Bitcoin...I don't think a killer app is the single solution.
I’m saying that only a killer app will offset the ongoing downward pressure on prices exerted by miners who, faced with falling prices after the China-bubble burst, have no choice but to sell their bitcoins as soon as they earn them. And whales face a related problem: if they sell now, they can still be fiat rich. If they wait, they could end up being fiat poor[er]. Every time the price bounces a bit – it almost hit 300 a few weeks back – they face this dilemma once again and crack under the strain. Absent positive expectations, there is nowhere for the price to go but down, and it could theoretically go down all the way because the system itself could remain fully intact. For miners, sell-pressure is made worse by the fact that mining is much more expensive than it was. What bitcoin needs is an environment analogous to Windows and/or the Mac, which made computers finally accessible to the masses. The Web did the same thing to the once code-driven Internet.

A killer app would change the dynamic from negative to positive. I'm certain it will come eventually but that it could take a lot longer than we think. I suspect that the blockchain itself may turn out to be the bitcoin killer-app, initially as the world's notary public. More and more institutions will use it to keep their archival data tamper-proof, even as they experiment with their own proprietary blockchains. Such use has the potential to ramp up bitcoin use far beyond casual currency-use. I remain skeptical of bitcoin as a day-to-day currency (except on the dark web of course, where I've earned bitcoins myself as an academic ghostwriter).
Xenoph0bia
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June 13, 2015, 10:18:03 PM
 #84

bitcoin in long term  should have a bright future and that gives the reasons that we are all here talking about it.

I hope what you are saying that turns true and if it turns then it would be like dream come true of all the users of bitcoin who still have in it that it will grow and shine in the future as the prices have lowered down at present so everyone has a fear that it wont survive in the future.

The Pharmacist
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June 13, 2015, 10:30:23 PM
 #85



If you decide to go, then you could miss out on the killer app that will send Bitcoin to the moon and beyond. If you decide to stay, then you could watch the value of your stash just ebb away before your eyes. And nobody has a clue as to which it will be.

If my grandmother had wheels, she'd be a bicycle.


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bitcoin1992
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June 14, 2015, 12:16:42 AM
 #86

This is only the beginning in my opinion. nothing wrong with taking a profit. I want to take short term profits but I also believe that it has a lot more room to grow
Dotakels
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June 14, 2015, 05:25:02 AM
 #87

This is only the beginning in my opinion. nothing wrong with taking a profit. I want to take short term profits but I also believe that it has a lot more room to grow
Thats right don't rush your self to become a rich person. You should go slowly but surely and safe.

pooya87
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June 14, 2015, 08:26:15 AM
 #88

This is only the beginning in my opinion. nothing wrong with taking a profit. I want to take short term profits but I also believe that it has a lot more room to grow
Thats right don't rush your self to become a rich person. You should go slowly but surely and safe.
if you are after getting short term profits you have to become a day trader and have the power to anticipate the market and take profit from swings. otherwise nowadays you can not make any profit from bitcoin since the price is at a fixed state.

but if you are a long term investor, things are different. if you believe in bright future for bitcoin you have to buy some stash an put it away for the future and don't look back.

larsson
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June 14, 2015, 01:40:40 PM
 #89

I think bitcoin is still in early phases but it will be something mainstream in the next years
just need some time to arrive to the most of the world
extrabyte
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June 14, 2015, 04:03:44 PM
 #90

I believe that Bitcoin is the greatest invention of our recent time and it is in our best interest and the interest of the whole world to get a critical mass of people use it and support it.

dollarneed
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June 14, 2015, 10:33:48 PM
 #91

as for me i would stay iam ready for being a part of the future of cryptocurency, i wont regret if someday with 1 bitcoin people could buy masserati, and i believe that bitcoin will be a future of currency Cheesy

Amph
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June 15, 2015, 07:28:15 AM
 #92

what is funny, It is that many want to stay just because they want bitcoin to achieve the high price to dump immediately after it, for fiat, then you do not really want to stay here for bitcoin, but for your portfolio

if you really believe in bitcoin you should stay here, until bitcoin will be used like you use any fiat today
afriezalie
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June 15, 2015, 03:05:13 PM
 #93

I should stay at bitcoin side until the future. Then i will look bitcoin growth. I believe bitcoin will be a great online payment method so i invest my bitcoin and save them in my wallet. Maybe 10 years later we can see bitcoin will be showed as payment method in big company.
torrentheaven
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June 15, 2015, 05:55:17 PM
 #94

I should stay at bitcoin side until the future. Then i will look bitcoin growth. I believe bitcoin will be a great online payment method so i invest my bitcoin and save them in my wallet. Maybe 10 years later we can see bitcoin will be showed as payment method in big company.

Being a user and believer of bitcoin I think we should stay at a moment and wait for a while as we don't know what future is going to offer but we believe it will grow in future and change the financial system.
operrajunk74
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June 15, 2015, 07:55:11 PM
 #95

This is only the beginning in my opinion. nothing wrong with taking a profit. I want to take short term profits but I also believe that it has a lot more room to grow

Yes and I don't understand why people believes that bitcoin is dead. Only because of mastercard is spreading news to avoid bitcoin and it is not safe that is the reason people are thinking twice before investing into bitcoin.
Jamil.Kamil
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June 15, 2015, 08:27:34 PM
 #96

Anyway if you invest any kinds of business in this world you have to wait few of months exactly in the  BTC systems if anyone wants to be investment you might to be keep cool and wait for get great opportunity to achieve proper profit as usual. Who can't do properly profit in way of BTC systems he never can do any kinds of business anywhere... winner always keep patients and wait for successful moments.

knowhow
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June 15, 2015, 10:53:39 PM
 #97

bitcoin will start achieving more and more places those will happen just need lets say facebook start aceept bitcoins to advertise,or some new facebook competitor that allows bitcoins to pay for the games they have lets say some copy of facebook another social company supported by bitcoin ,porn comunity is using it at some places already ,bitcoin camed to stay not to go away
umaOuma
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June 15, 2015, 11:17:02 PM
 #98

Anyway if you invest any kinds of business in this world you have to wait few of months exactly in the  BTC systems if anyone wants to be investment you might to be keep cool and wait for get great opportunity to achieve proper profit as usual. Who can't do properly profit in way of BTC systems he never can do any kinds of business anywhere... winner always keep patients and wait for successful moments.

Patience Pays. You simply cannot build a Rome in a Single Day. If you are looking for great returns on investments in the future than you are at the right place. Invest at a moment and wait for the right time to sell.
nerFohanzo
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June 16, 2015, 12:28:20 AM
 #99

This is only the beginning in my opinion. nothing wrong with taking a profit. I want to take short term profits but I also believe that it has a lot more room to grow
Thats right don't rush your self to become a rich person. You should go slowly but surely and safe.

Yeah Slow N Steady Wins The Race. And you need to be patient when the profit is concerned as you cannot be the richest person in a single day you need to wait n watch and looking at present scenario staying is the best option.
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Satoshi is rolling in his grave. #bitcoin


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June 16, 2015, 12:35:53 AM
 #100

I should stay at bitcoin side until the future. Then i will look bitcoin growth. I believe bitcoin will be a great online payment method so i invest my bitcoin and save them in my wallet. Maybe 10 years later we can see bitcoin will be showed as payment method in big company.

Bitcoin has already been made available as payment in big companies, but there's also almost infinite amount of space available for growth.
What op said makes a lot of sense, it's only needed for one startup to breakthrough, and bitcoin will have another launch stage, another bubble, another large dump, and so on and on, until
the market is large enough to swallow it all.
I can't say how i don't take profits here and there selling a part of my stash, but the reserve i don't touch, and hope i never will have to sell it for fiat, but rather use to buy things directly in every shop.

cheers
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