Indianacoin (OP)
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September 23, 2015, 11:11:46 AM |
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So more than 70% of bitcoiners are holding their coins and waiting for bitcoin price increase as per this thread -> https://bitcointalk.org/index.php?topic=1159221.0But my question lies on the fact that, will the bitcoin price actually rise up in future if there is very little involvement in bitcoin-fiat exchange since most people have their mindset towards saving them in cold storage ? I mean, without much involvement, how can a cryptocurrency gain it's economical value? Since there are threats buzzing around with Bitcoin-xt, collapsing of bitcoin network due to release of faster ASICs that are stressing 1MB blockchains and reward halving upto 12.5 BTC, will the bitcoin price rise at all in future ? This is my way of thinking into bitcoin's future and that's why I thought of asking here, so without taking my words offensive, please correct me if I'm wrong
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LiteCoinGuy
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In Satoshi I Trust
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September 23, 2015, 11:24:25 AM |
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So more than 70% of bitcoiners are holding their coins and waiting for bitcoin price increase as per this thread -> https://bitcointalk.org/index.php?topic=1159221.0But my question lies on the fact that, will the bitcoin price actually rise up in future if there is very little involvement in bitcoin-fiat exchange since most people have their mindset towards saving them in cold storage ? I mean, without much involvement, how can a cryptocurrency gain it's economical value? Since there are threats buzzing around with Bitcoin-xt, collapsing of bitcoin network due to release of faster ASICs that are stressing 1MB blockchains and reward halving upto 12.5BTC, will the bitcoin price rise at all in future ?This is my way of thinking into bitcoin's future and that's why I thought of asking here, so without taking my words offensive, please correct me if I'm wrong Bitcoiners love drama: https://99bitcoins.com/bitcoinobituaries/personally i keep some bitcoins in cold storage but it would be dumb when i would not use bitcoins because when i use it, i increase bitcoins value/utility. for alot of people bitcoin is like gold. that is okay. even hardcore hodlers give bitcoin its value. with that value, business can create stuff on top of it. you can even create other cryptos in top of bitcoin in the future "sidechains" (bitcoin= gold standard). the truth is: you are an early adopter. imagine you were on the internet in 1995. back then most people didnt even know what email is when i started with bitcoin there was only bitcoin core and you had to wait 10 hours to make your first transaction - it took some imagination to see the bigger picture. you should read and learn more about bitcoin and use these quiet times that we have at the moment https://www.youtube.com/watch?v=g2nXgK34HIM (alot of good videos) PS: i still want my indianacoins
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Remember remember the 5th of November
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Reverse engineer from time to time
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September 23, 2015, 12:09:46 PM |
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I am holding too, but for me, I'm in a pretty bad financial situation right now, there might come a time in the very near future where I would have to sell all my bitcoins, however little I may have.
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BTC:1AiCRMxgf1ptVQwx6hDuKMu4f7F27QmJC2
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GriffinHeart
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Hello there!
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September 23, 2015, 12:11:15 PM |
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Sure it will raise! If the usage and more people adopt it as a trade form, (like my local waffle house) the price will slowly raise and keep going. I personally don't think that $1000 will be reached any time soon, though $400 looks like it's close! Really, you shouldn't trade your BTC for fiat at all if you have an income (a miner) and a place to spend it to get food.
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Hi there, I'm from South Africa. This means I'm poor, I guess.
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Amph
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September 23, 2015, 12:21:44 PM |
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i think those majority that are holding are holding quite a few bitcoin, i doubt the very big players are holding every coins they have
one thing it's true, if the vast stack of all coins are in hold mode, no big investors can buy these coins, therefore there will be no price increase
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g-unit
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September 23, 2015, 12:37:18 PM |
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i think those majority that are holding are holding quite a few bitcoin, i doubt the very big players are holding every coins they have
one thing it's true, if the vast stack of all coins are in hold mode, no big investors can buy these coins, therefore there will be no price increase
How so? Holding keeps the price up, and the fewer coins that are available to buy, the higher the price. Big investors would just have to buy fewer coins, which in turn would drive the price up even more.
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bad_char1
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September 23, 2015, 12:39:59 PM |
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Holding keeps the price up, and the fewer coins that are available to buy, the higher the price. Big investors would just have to buy fewer coins, which in turn would drive the price up even more.
How is it others can't see it?! This thing can't lose!
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Amph
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September 23, 2015, 01:02:20 PM |
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i think those majority that are holding are holding quite a few bitcoin, i doubt the very big players are holding every coins they have
one thing it's true, if the vast stack of all coins are in hold mode, no big investors can buy these coins, therefore there will be no price increase
How so? Holding keeps the price up, and the fewer coins that are available to buy, the higher the price. Big investors would just have to buy fewer coins, which in turn would drive the price up even more. if everyone is holding how the hell the market will move it's not like if one day one coin is sold at 1k the others will follow, it does not work in this way
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LiteCoinGuy
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September 23, 2015, 02:58:48 PM |
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I am holding too, but for me, I'm in a pretty bad financial situation right now, there might come a time in the very near future where I would have to sell all my bitcoins, however little I may have.
that sucks dude hopefully you can solve your problems. personally i would rather sell my car before i sell my Coins
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talks_cheep
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September 23, 2015, 03:24:32 PM |
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Since the btc price has been on holding pattern around 230 since January 2015, I think it's safe to say we have reached an equilibrium between buyers and sellers. This will go on for a long time. Maybe the "Halvening" will drive up the price but I don't think it will stay up.
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adamstgBit
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September 23, 2015, 04:00:07 PM |
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I am holding too, but for me, I'm in a pretty bad financial situation right now, there might come a time in the very near future where I would have to sell all my bitcoins, however little I may have.
that sucks dude hopefully you can solve your problems. personally i would rather sell my car before i sell my Coins who needs a car when BTC magically teleport across the globe in seconds, right?
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Miss Fortune
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September 24, 2015, 03:00:35 AM |
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So more than 70% of bitcoiners are holding their coins and waiting for bitcoin price increase as per this thread -> https://bitcointalk.org/index.php?topic=1159221.0But my question lies on the fact that, will the bitcoin price actually rise up in future if there is very little involvement in bitcoin-fiat exchange since most people have their mindset towards saving them in cold storage ? I mean, without much involvement, how can a cryptocurrency gain it's economical value? Since there are threats buzzing around with Bitcoin-xt, collapsing of bitcoin network due to release of faster ASICs that are stressing 1MB blockchains and reward halving upto 12.5 BTC, will the bitcoin price rise at all in future ? This is my way of thinking into bitcoin's future and that's why I thought of asking here, so without taking my words offensive, please correct me if I'm wrong Well we have our opinion about the biticoin's future, there are people that are not very supportive about biticoin and it is not very popular yet but I'm pretty sure one day it will be widely used.
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MasterYii
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September 24, 2015, 05:35:12 AM |
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So more than 70% of bitcoiners are holding their coins and waiting for bitcoin price increase as per this thread -> https://bitcointalk.org/index.php?topic=1159221.0But my question lies on the fact that, will the bitcoin price actually rise up in future if there is very little involvement in bitcoin-fiat exchange since most people have their mindset towards saving them in cold storage ? I mean, without much involvement, how can a cryptocurrency gain it's economical value? Since there are threats buzzing around with Bitcoin-xt, collapsing of bitcoin network due to release of faster ASICs that are stressing 1MB blockchains and reward halving upto 12.5 BTC, will the bitcoin price rise at all in future ? This is my way of thinking into bitcoin's future and that's why I thought of asking here, so without taking my words offensive, please correct me if I'm wrong I'm not sure whats going to happen specially the coins, all we can do is to hope for the best in the future,
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Chef Ramsay
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September 24, 2015, 05:56:19 AM |
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So more than 70% of bitcoiners are holding their coins and waiting for bitcoin price increase as per this thread -> https://bitcointalk.org/index.php?topic=1159221.0But my question lies on the fact that, will the bitcoin price actually rise up in future if there is very little involvement in bitcoin-fiat exchange since most people have their mindset towards saving them in cold storage ? I mean, without much involvement, how can a cryptocurrency gain it's economical value? Since there are threats buzzing around with Bitcoin-xt, collapsing of bitcoin network due to release of faster ASICs that are stressing 1MB blockchains and reward halving upto 12.5 BTC, will the bitcoin price rise at all in future ? This is my way of thinking into bitcoin's future and that's why I thought of asking here, so without taking my words offensive, please correct me if I'm wrong Well we have our opinion about the biticoin's future, there are people that are not very supportive about biticoin and it is not very popular yet but I'm pretty sure one day it will be widely used. If trading isn't your fortay, then just keep up w/ the holding at this point. Things are going to take its toll as we mature, it's on you to deal w/ the in-betweens.
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NorrisK
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September 24, 2015, 06:51:17 AM |
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I guess people will still be holding, even if price goes to 500usd or 1000usd because they get greedy again. It is difficult to sell a well performing asset, even if you know deep down it will drop again (just the slight chance that it will do the opposite will keep you from doing that..)
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600watt
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September 24, 2015, 07:26:10 AM |
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I am holding too, but for me, I'm in a pretty bad financial situation right now, there might come a time in the very near future where I would have to sell all my bitcoins, however little I may have.
that sucks dude hopefully you can solve your problems. personally i would rather sell my car before i sell my Coins after i invested in btc between the bubbles of 2013 there came summer vacation. i did not have enough funds for the big family camping adventure. i could have sold back btc but hell no... i ended up selling two seats of our car instead
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irfan01
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September 24, 2015, 07:48:57 AM |
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I think you have a point however they may await the big players or entrepreneurs to raise the price of bitcoin, we do not know how many bitcoin them that they hold, may not be more than 10 BTC bitcoin is why they hold that they have
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richardsNY
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September 24, 2015, 09:31:13 AM |
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As long as people think it will rise even further then they will continue holding. Greed is another factor that will make people wait with selling even more.
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neochiny
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September 24, 2015, 09:34:28 AM |
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dont worry ... i think it will still go up.. since bitcoin users almost but not everyone will hold it. there are many bitcoin users will sell their bitcoin. when they saw the price is going down. they are afraid of more failure. but i know that it will take time for bitcoin to go up.
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