Bitcoin points of massive price movement

[spazzdla]

The fact I can move my entire networth any where on the planet without anyone knowing is still insanely underestimated and talked about.  This is the first time EVER.. this has been possbile...  For the entire lenght of human history this has not been possible.  Gold was the best way but still easily found on a person.

I agree on advantages of bitcoin over alternatives, but i dont see how this relates to this thread ..

This will soon be something wildly wanted by the vast majority of humans.  

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[ajareselde]

I am trying hard to see the point to this, how would $50-$70 be the point of no return and people lose interest you can only speak about your self losing interest, the whales will be back at that price to make more money than they have for awhile and that will give the USD addicts excitment and they will be back at the higher price for a change. Myself I think this would be actually good for bitcoin and the community to go to this point shaking the tree and people who are here for a quick buck will be gone when they have the best chance at making that buck. Bitcoin does not need to keep being tagged to the dollar high or low to be a success or failure imo the sooner people realise this the better. I will be here till the blockchain does its last transaction or until I give my last breath either way the price won't sway me and anyone that it does I'm glad to see you gone rahaha

I love to see people talk, but it has no weigh, so put your money where your mouth is. Or u cosider your 100$ investment as backing up "bitcoin"
"I give my last breath either way the price won't sway me" - wow.

Can you please point me where i said that i will be gone? Dont really see the point of going off now after all these years, but i have seen a lot of big mouths like you come and gone with the wind tho..

cheers

[pleaseexplainagain]

Point of no return is when and IF bitcoin price falls under $100. but I doubt that we will see that day anytime soon.

but if price continues this way, and gets to that point in a short term, it is gonna be catastrophic but if takes so long that people get use to the price it might be different.

¸

Don't think that 100$ would be enough for people to back off, since there's a lot of money in bitcoin related industry, so i guess the people would mass buy and gold,
however, going way under it, like 50-60 bucks.. im pretty sure people would stop dreaming about 10k bitcoin and such, and just turn their backs on it.

I do not agree. Bitcoin a while back crashed from $30 and stopped. at $2. It did not go back to say 50c. I have seen somewhere but now cannot find it a chart showing that $50-$60 in 2015 is roughly what the $2 was back then.
So if it goes down to that level for a while so be it. If it continues on its exponential growth from there it will still do fine.

agree though that at that level while users of bitcoin (eg to send remittances) are still ok the people that work in it to hold it up may have difficulties.

maybe since it costs virtually nothing to send remittances the shortfall for the workers in the industry could be made up by higher charges.
I realize this goes against what some want for bitcoin but so long as it is cheaper than existing methods eg western union people will pay.

the biggest threat to bitcoin is not its price but its public relations. It needs people to be confident being involved with it - from both big and small players. The current squabble about the 1 MB limit is an example - it is fine and even healthy for it to go on for a short time but if it goes on and on then confidence that "bitcoin is OK" will wane and may never return

[Febo]

the biggest threat to bitcoin is not its price but its public relations. It needs people to be confident being involved with it - from both big and small players. The current squabble about the 1 MB limit is an example - it is fine and even healthy for it to go on for a short time but if it goes on and on then confidence that "bitcoin is OK" will wane and may never return

I dont think public relations are threat at all. People will not even know they use Bitcoins. Companies and banks will just use what is cheapest for them to provide their service they will not explain their customers or they are using blockchain or any other technology. People dont even care. What they care is that their service will be fast and cheap.

[afbitcoins]

point of no return down < $186

point of no return up > $253


* I reserve the right to change these estimates at any time of my choosing.

[pleaseexplainagain]

the biggest threat to bitcoin is not its price but its public relations. It needs people to be confident being involved with it - from both big and small players. The current squabble about the 1 MB limit is an example - it is fine and even healthy for it to go on for a short time but if it goes on and on then confidence that "bitcoin is OK" will wane and may never return

I dont think public relations are threat at all. People will not even know they use Bitcoins. Companies and banks will just use what is cheapest for them to provide their service they will not explain their customers or they are using blockchain or any other technology. People dont even care. What they care is that their service will be fast and cheap.

I did not mean PR for the users (ie remitters). I agree people will use fast and cheap and will not care how the mechanism works. I meant PR for getting certain keys pieces in place. we have been  going 5 plus years with bitcoin but there is not yet an exchange you could call "normal". To get "normal' yet need to spend the sort of money/time the twins are doing. They may be able to essentially self fund but other ventures/startups need capital and that only comes when the people putting in the money have confidence. They only gain confidence when the thing they are investing in is explained to them.
Take Apple - it did the PR so well through Steve that customers/investors etc became essentially fans. they willingly paid huge premiums for an apple product.

Bitcoin does not have a CEO or Chairman of the Board. That is good and bad. the bad part is that there is no one out there selling confidence in bitcoin.

[yefi]

Point of no return is when and IF bitcoin price falls under $100. but I doubt that we will see that day anytime soon.

I would have said $31.9099 was a better target. There's still a gap between that and $50 that was never filled on the run up to Karpele's giant man-tits, er, I mean the bubble.

[lyth0s]

There is no price so low of "no return". If the price is forever stable or decreasing we might lose the speculators, but in the end its the usefulness of the technology that will determine demand and thus price.

[Melbustus]

...
*If the price continues to move within 150-400 USD, it's quite possible that people will eventually loose interest and walk away,
...

I think that's backwards. If the price is stable at a multi-billion-dollar market-cap, which is what that range indicates, and the bitcoin network continues to process transactions successfully every day, more and more mainstream people, businesses, etc, will gain confidence in it. The wild swings - both up and down - are what give "serious" people pause. A long period of stability in that range will most likely just build broader confidence in bitcoin overall, and cause people who've been curious but on the sidelines for a while, to finally dip in.

[kingama]

This thread is making me bullish. OP asks for upper and lower prices that would signal further movement in either direction and 95% of the posts are about the lower price. I don't think we're going much lower but I would call $150 an important level on the low end. On the higher end, I think we get to $400 or $500 before the public notices again. Hysteria starts 10-20% above the previous ATH.

[Amph]

There is no price so low of "no return". If the price is forever stable or decreasing we might lose the speculators, but in the end its the usefulness of the technology that will determine demand and thus price.

not sure about this, if we falls to single digit, bitcoin cannot recover anymore( it does not mean that it is dead though) but that it is done

not to mention that something like this will bring again bad distribution, with few strong hands

[futureofbitcoin]

even if the price goes to $10k, there will be people calling it a pump and dump.

The price needs to be stable for many years, with people using it for things other than speculation in order for people to stop saying it will die, its a ponzi, etc.

[pooya87]

There is no price so low of "no return". If the price is forever stable or decreasing we might lose the speculators, but in the end its the usefulness of the technology that will determine demand and thus price.

if the price stays stable, that is great but in case of forever decreasing means the death of bitcoin. nobody would buy something that is going to worth less tomorrow.
the technology is great and i think bitcoin started a whole new world but if the price just keeps going down, eventually everyone is going to sell their coins and leave it behind.

[dmwardjr]

We have many new players coming to bitcoin all the time in the form of retailers, traders and miners mostly.  Yes, the "miners" portion is probably slowing down a little bit but they are still coming.  I see newbies in the mining threads all the time asking questions about mining.  The new one's who come along pick up the slack of any oldies who may have left bitcoin behind.  Especially, the newbies to trading bitcoin.

We are still very early in the game for bitcoin.  It's a new technology to most; much like the internet and email was to most when it first came out.  These things take time.  So, be patient and let the blockchain work things out.

We have many venture capital groups who have invested a lot of money into the technology of the blockchain.  Many user friendly apps for financial institutions will be coming out soon and will change the way billions in the world live their daily lives.  Many here may give up on bitcoin for lack of patience.  However, I know billions on this earth who have yet to even hear of it who will gladly accept it with open arms and give it the support it needs in great numbers.  There is strength in numbers.

As people in other parts of the world come into the fold of technology with smart phones and the like, we will see a increased enthusiasm for bitcoin - the application.  As other applications are created and used on the blockchain [with a relative ease of use and security] news will go around about the blockchain.  Bitcoin is not the blockchain.  The blockchain is bitcoin.  The blockchain is more than just bitcoin.  The blockchain is MANY things we have yet to see, but will see in time that will change the way we do many things in the future.

So, be patient...  The future is here...  It only needs a little time to play out.  In June of 2007 (eight years ago on June 29) we had the iPhone or the term, "smart phone."  That was only 8 years ago, people. Nobody ever heard the term, "Smart phone" until eight years ago.  Eight years is only a blink of an eye.  The "drama" in the price of bitcoin fluctuation is what it is - "drama."  We haven't had eight years yet with bitcoin.  

Do not fret!  Bitcoin (the app) will have it's day of recompense.  We just need to be patient and wait on the many other things the blockchain can do.  It's all about "the blockchain."  Not bitcoin!  Bitcoin, is only an application on the blockchain.  Be patient and watch how many other apps created using "the blockchain" technology changes the world.  THEN, you will see a change for the better in how the rest of the world values any other applications, such as bitcoin, using the blockchain technology.

All this talk of saying, "If the price goes below this amount, it's over."  I feel the price of bitcoin is directly related to the value of "the blockchain."  If the blockchain does well, then most any application using the blockchain will do well; as long as it's user friendly.  We are making progress in leaps and bounds with "user friendliness" ever since the blockchain and bitcoin first came out.  Give it time folks.  The blockchain and and it's apps [Including Bitcoin] will do wonders for mankind the same way the internet has.  Just give it time.  

Those who give up on it will lose in the end for their lack of patience.  Six years is but a fart in the wind in view of time and how technology changes.  As more time passes, we will see great strides in the blockchain and many user friendly apps using the blockchain technology; including bitcoin.

David

[Fakhoury]

We have many new players coming to bitcoin all the time in the form of retailers, traders and miners mostly.  Yes, the "miners" portion is probably slowing down a little bit but they are still coming.  I see newbies in the mining threads all the time asking questions about mining.  The new one's who come along pick up the slack of any oldies who may have left bitcoin behind.  Especially, the newbies to trading bitcoin.

We are still very early in the game for bitcoin.  It's a new technology to most; much like the internet and email was to most when it first came out.  These things take time.  So, be patient and let the blockchain work things out.

We have many venture capital groups who have invested a lot of money into the technology of the blockchain.  Many user friendly apps for financial institutions will be coming out soon and will change the way billions in the world live their daily lives.  Many here may give up on bitcoin for lack of patience.  However, I know billions on this earth who have yet to even hear of it who will gladly accept it with open arms and give it the support it needs in great numbers.  There is strength in numbers.

As people in other parts of the world come into the fold of technology with smart phones and the like, we will see a increased enthusiasm for bitcoin - the application.  As other applications are created and used on the blockchain [with a relative ease and security] news will go around about the blockchain.  Bitcoin is not the blockchain.  The blockchain is bitcoin.  The blockchain is more than just bitcoin.  The blockchain is MANY things we have yet to see, but will see in time that will change the way we do many things in the future.

So, be patient...  The future is here...  It only needs a little time to play out.  In June of 2007 (eight years ago on June 29) we had the iPhone or the term, "smart phone."  That was only 8 years ago, people. Nobody ever heard the term, "Smart phone" until eight years ago.  Eight years is only a blink of an eye.  The "drama" in the price of bitcoin fluctuation is what it is - "drama."  We haven't had eight years yet with bitcoin.  

Do not fret!  Bitcoin (the app) will have it's day of recompense.  We just need to be patient and wait on the many other things the blockchain can do.  It's all about "the blockchain."  Not bitcoin!  Bitcoin, is only an application on the blockchain.  Be patient and watch how many other apps created using "the blockchain" technology changes the world.  THEN, you will see a change for the better in how the rest of the world values any other applications, such as bitcoin, using the blockchain technology.

All this talk of saying, "If the price goes below this amount, it's over."  I feel the price of bitcoin is directly related to the value of "the blockchain."  If the blockchain does well, then most any application using the blockchain will do well; as long as it's user friendly.  We are making progress in leaps and bounds with "user friendliness" ever since the blockchain and bitcoin first came out.  Give it time folks.  The blockchain and and it's apps [Including Bitcoin] will do wonders for mankind the same way the internet has.  Just give it time.  

Those who give up on it will lose in the end for their lack of patience.  Six years is but a fart in the wind in view of time and how technology changes.  As more time passes, we will see great strides in the blockchain and many user friendly apps using the blockchain technology; including bitcoin.

David

One of the most beautiful comments I've seen since while ago.

Well said Mr. David.

If you don't mind, I want to quote this reply and post it in the usd/btc speculation thread.

Thank you.

[Fabrizio89]

Yeah I think that if we reach 50$ btc will not be anymore the dominant coin, we will see a massive outflow of money and the few people remaining will look for appealing altcoins and we could see a redistribution of wealth in the cryptocurrencies world. I don't even know if there are altcoins out there that offer as much as Bitcoin, but the thought of this happening is making me consider taking a look. I'm pretty sure that reaching that level could be the beginning of the end though.

[Fatman3001]

@dmwardjr Thx, I needed that.

[spud21]

Yeah I think that if we reach 50$ btc will not be anymore the dominant coin, we will see a massive outflow of money and the few people remaining will look for appealing altcoins and we could see a redistribution of wealth in the cryptocurrencies world. I don't even know if there are altcoins out there that offer as much as Bitcoin, but the thought of this happening is making me consider taking a look. I'm pretty sure that reaching that level could be the beginning of the end though.

The altcoins tend to follow Bitcoin's price movements. When Bitcoin goes down, all the altcoins go down in price. If Bitcoin goes down to $50 I guess all the alts will drastically fall in price. I doubt any of them will take Bitcoin's place.

[Pab]

it could be speculative move down,create small panic,make noise and buy fron scarry people
i think btc will finally move up slowly,slowly

[dmwardjr]

One of the most beautiful comments I've seen since while ago.

Well said Mr. David.

If you don't mind, I want to quote this reply and post it in the usd/btc speculation thread.

Thank you.

I don't mind..  You are welcome to make any corrections to grammatical errors, etc...  I see a few after reading through it again.  I didn't take the time to read through or phrase things better.  Some things were a bit redundant as well.

Have a great weekend!

Thank you!