mamarried (OP)
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June 15, 2015, 06:04:56 PM |
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The article says it’s for «The person who gets paid in BTC, and knows where every Bitcoin ATM in the city, even the state, is." I wonder, if one leaves emotions behind, are these really good reasons to believe so?
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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OROBTC
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June 15, 2015, 06:10:06 PM |
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Well, the lower price of BTC from $700 - $1200 range has not been really great for me. Other than the fact I was able to lower my average cost basis when I bought more in the $190 - $240 range. I would have to run the numbers, but my average BTC cost now would be around $300 - $350.
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Lauda
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June 15, 2015, 06:10:20 PM |
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You do realize that it would be hard for people to buy if Bitcoin was worth thousands? More people can afford a single Bitcoin with the current price.
I don't think that many would be fond of having to buy e.g. 0.1 or 0.01 BTC. I have no problems with the price being what it is right now, or with minor daily growth.
P.S. This is the wrong section; price discussion should be in Economics.
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LFC_Bitcoin
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June 15, 2015, 06:20:48 PM |
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I haven't minded that the price has been low whilst I've been accumulating a pretty decent stash of coins, I understand that the price staying within a certain range, not being volatile is good for mainstream adoption / merchants etc but I'm pretty sure we all want the price to rise a lot higher than it is now.
Why the hell would we invest in bitcoin if we didn't want to make good profits?
I got involved in bitcoin because I saw it as a great opportunity to maybe make a lot of money.
That hasn't happened yet but I hold out hope for the future.
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Amph
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June 15, 2015, 06:32:12 PM |
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it's great only to permit to poor people to accumulate more, therefore helping a bit the distribution, other than that, bitcoin should not stuck at a low price forever, otherwise the interest may shift otherwise, because of boredom
right now they are pumping litecoin for this reason too, besides the fact that the halving is approaching, and thus it add an incentive to pump it
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randy8777
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June 15, 2015, 06:50:49 PM |
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price being stable is more important if you ask me. it's great if you buy 1 bitcoin for $230 to see it is nearly the same one week later.
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torrentheaven
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June 15, 2015, 07:00:59 PM |
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price being stable is more important if you ask me. it's great if you buy 1 bitcoin for $230 to see it is nearly the same one week later.
It is not great for bitcoin or bitcoin community but it is really great for a newbie who has just entered into the bitcoin as the prices are down he can buy bunch of bitcoins and hold it for the future/ |
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operrajunk74
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June 15, 2015, 07:52:32 PM |
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price being stable is more important if you ask me. it's great if you buy 1 bitcoin for $230 to see it is nearly the same one week later.
It is not great for bitcoin or bitcoin community but it is really great for a newbie who has just entered into the bitcoin as the prices are down he can buy bunch of bitcoins and hold it for the future/ Yeah not for the people who are holding bitcoin and really looking for its prices to grow and earn a profit out of it but if you are looking for investing in bitcoin and I believe this is the right time to invest in bitcoin, |
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98problems
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June 15, 2015, 07:59:08 PM |
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price being stable is more important if you ask me. it's great if you buy 1 bitcoin for $230 to see it is nearly the same one week later.
It is not great for bitcoin or bitcoin community but it is really great for a newbie who has just entered into the bitcoin as the prices are down he can buy bunch of bitcoins and hold it for the future/ Yeah not for the people who are holding bitcoin and really looking for its prices to grow and earn a profit out of it but if you are looking for investing in bitcoin and I believe this is the right time to invest in bitcoin, it depends on how much the newbie is ready to hold bitcoins, if he is ready to do that for a few decades he might end up in big profit, but if only he will hold for a few years he might end up even loosing |
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AtheistAKASaneBrain
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June 15, 2015, 10:42:59 PM |
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For anyone that is here for the long term, this is the best period ever (post ATH). Back in the day it would have been impossible for me to own more than 1 BTC, right now it's very doable. Everyday that the price is still stuck on the low 200's is celebration day.
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umaOuma
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June 15, 2015, 11:55:21 PM |
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For anyone that is here for the long term, this is the best period ever (post ATH). Back in the day it would have been impossible for me to own more than 1 BTC, right now it's very doable. Everyday that the price is still stuck on the low 200's is celebration day.
Yeah this is the best time for new entrants who wants to invest in bitcoin but it is not a great news for the users who invested way back as the prices are very low they are creating any profit out of it. |
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CryptoTrout
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June 16, 2015, 02:43:18 AM |
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its been great for lowering my cost basis
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twister
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June 16, 2015, 03:24:29 AM |
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I don't know if it has been great for bitcoin as some people think that it will continue to sink from this price but it has helped people like me who earlier weren't able to afford to buy one and since it has dropped I have bought one (in parts) and spent it and am planning to buy more.
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odolvlobo
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June 16, 2015, 04:16:44 AM |
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You do realize that it would be hard for people to buy if Bitcoin was worth thousands? More people can afford a single Bitcoin with the current price.
I don't think that many would be fond of having to buy e.g. 0.1 or 0.01 BTC. I have no problems with the price being what it is right now, or with minor daily growth.
Bitcoins are no more difficult to buy at $1000 or $10,000 than at $200. You don't have to buy 100 million satoshis at a time. You can easily buy 1 million satoshis or 100 thousand satoshis. |
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chennan
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June 16, 2015, 04:47:17 AM |
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It is really not good for the ppl who bought at the peak of 2013. They fear the price continue to decline! The crashing price is impacting bicoin's image a lot! Bitcoin is known to be volatile, unstable etc. It is realy not a good investment from the wall street guys' point of view.
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Lauda
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June 16, 2015, 05:18:26 AM
Last edit: June 16, 2015, 07:09:02 AM by LaudaM |
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Bitcoins are no more difficult to buy at $1000 or $10,000 than at $200. You don't have to buy 100 million satoshis at a time. You can easily buy 1 million satoshis or 100 thousand satoshis.
Yes, they are, at least for a good percentage of people. As previously stated in my own post, which you disregarded, people would rather buy 1 BTC than 0.01. If you believe that a lot of people can afford spending $10,000 to buy Bitcoin, you would be surprised. Update: You've missed my point, yet again. It is really not good for the ppl who bought at the peak of 2013. They fear the price continue to decline! The crashing price is impacting bicoin's image a lot! Bitcoin is known to be volatile, unstable etc. It is realy not a good investment from the wall street guys' point of view.
They made a mistake and have been blaming Bicoin ever since. This seems irrational. |
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odolvlobo
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June 16, 2015, 06:50:33 AM |
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Bitcoins are no more difficult to buy at $1000 or $10,000 than at $200. You don't have to buy 100 million satoshis at a time. You can easily buy 1 million satoshis or 100 thousand satoshis.
Yes, they are, at least for a good percentage of people. As previously stated in my own post, which you disregarded, people would rather buy 1 BTC than 0.01. If you believe that a lot of people can afford spending $10,000 to buy Bitcoin, you would be surprised. I don't have enough money to buy a Tesla, but that doesn't make it any more difficult to buy a car. The units are arbitrary. I would rather buy 1000 bitcoins than 0.01, but that doesn't make it any more difficult to buy bitcoins. |
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aso118
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June 16, 2015, 11:28:48 PM |
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Bitcoins are no more difficult to buy at $1000 or $10,000 than at $200. You don't have to buy 100 million satoshis at a time. You can easily buy 1 million satoshis or 100 thousand satoshis.
Yes, they are, at least for a good percentage of people. As previously stated in my own post, which you disregarded, people would rather buy 1 BTC than 0.01. If you believe that a lot of people can afford spending $10,000 to buy Bitcoin, you would be surprised. I don't have enough money to buy a Tesla, but that doesn't make it any more difficult to buy a car. The units are arbitrary. I would rather buy 1000 bitcoins than 0.01, but that doesn't make it any more difficult to buy bitcoins. We should really popularize milli-bitcoins and micro-bitcoins. People will feel a lot better if you told them that they are buying 1000 milli-bitcoins, rather than 1 bitcoin. It is psychological, but it will help Bitcoin. |
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wearepoor
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June 17, 2015, 12:06:55 AM |
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It is really not good for the ppl who bought at the peak of 2013. They fear the price continue to decline! The crashing price is impacting bicoin's image a lot! Bitcoin is known to be volatile, unstable etc. It is realy not a good investment from the wall street guys' point of view.
Exactly the prices has been going down at regular intervals and as a investor we haven't seen the stability in the value of Bitcoin and that worries all of us and it forces us to rethink that whether we are on right path or not or we have made mistake by investing into a bitcoin. |
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Gyfts
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June 18, 2015, 02:42:05 AM |
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Well it's obvious for the receiver to want the price to be as low as it can so they increase the amount of Bitcoin they receive. For those that hold and pay in Bitcoin, they clearly disagree.
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