spazzdla (OP)
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Merit: 1000
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November 12, 2015, 01:58:29 PM |
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If people continue to buy the price can only go in one direction long term.
Always buy, always hodl.
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talks_cheep
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Activity: 1036
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November 12, 2015, 02:08:54 PM |
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That's a new and interesting number. /sarcasm
Please stop trying to pump. You're not going to succeed. We all know the limitations on bitcoins. If you have nothing new to add, don't say it.
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spazzdla (OP)
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November 12, 2015, 02:16:42 PM |
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That's a new and interesting number. /sarcasm
Please stop trying to pump. You're not going to succeed. We all know the limitations on bitcoins. If you have nothing new to add, don't say it.
LOL, the odds of me pumping the price are 0%. This is a long.. long term strat.. If you can't hodl for 5 years don't do it. I will do as a please. |
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spazzdla (OP)
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November 12, 2015, 02:40:11 PM |
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If people continue to buy the price can only go in one direction long term.
Always buy, always hodl.
Only 21 THOUSAND Turdcoins (x1000 moar rare!). If people continue to buy the price can only go in one direction long term. Always buy, always hodl. Touche |
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Mickeyb
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November 12, 2015, 02:45:10 PM |
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Price of the Bitcoin has only one way of going in the long run and this is up. When you consider the potential of this technology and how under mass adopted this thing is until now, really I think that we are having really low prices at the moment.
The fact that Bitcoin is also under inflationary with its limited supply of 21 million will just add to the buying pressure and to the increase in price.
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Denker
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November 12, 2015, 04:37:04 PM |
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I agree.A bit more than 14,8 million coins are mined.This is round about 70% of total supply. And we are still far away from mass adoption. So when 6,2 million coins are left to mine and you consider that halving is coming(for short term view) and also keep in mind that not a small amount of coins is lost and might be locked (satoshi's stash) forever, in the long term the only direction I see is up!
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LFC_Bitcoin
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Activity: 3528
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#1 VIP Crypto Casino
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November 12, 2015, 04:56:35 PM |
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If people continue to buy the price can only go in one direction long term.
Always buy, always hodl.
Well that's what I do but we can't control what others do. Not all of us want to HODL long term unfortunately  |
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European Central Bank
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Merit: 1087
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November 12, 2015, 05:06:46 PM |
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Well that's what I do but we can't control what others do. Not all of us want to HODL long term unfortunately Everyone wants instant riches and no one can blame them. I don't think they're going to find it here any more unless they join in with the pumping and dumping and even then there'll always be others who pull the strings. |
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Amph
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November 12, 2015, 05:21:18 PM |
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i would say this, if people are willing to pay more the price will increase, because simply buying at the same value will not cut it, also the amount of coins available is far less than the current amount in circulation(almost 15M)
everyone is holding, i would not be suprised if there are only 1M-3M max coins available to be purchased, so if for example, for every 1k coins sold, the price increase by $1, we won't achieve much...
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jbrnt
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November 12, 2015, 05:29:18 PM |
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Scarcity of bitcoin is not the driving force. Many alts are scarce too, they have no potential. The main driving force behind bitcoin should be growing community and adoption. We need to increase the use of bitcoin on the internet and promote bitcoin to new users. More new users buying bitcoin to spend is the only healthy way to grow.
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Possum577
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November 12, 2015, 07:16:17 PM |
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If people continue to buy the price can only go in one direction long term.
Always buy, always hodl.
If everyone always holds bitcoin will collapse because a system of infrastructure and adoption won't increase to a level where enough people will want bitcoin to support the ever increasing supply. Without bitcoin as a currency it'll disappear. Seriously. If you want to hodl, fine, but don't encourage everyone else to! |
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MrBig
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November 12, 2015, 07:30:54 PM |
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Price of the Bitcoin has only one way of going in the long run and this is up. When you consider the potential of this technology and how under mass adopted this thing is until now, really I think that we are having really low prices at the moment.
The fact that Bitcoin is also under inflationary with its limited supply of 21 million will just add to the buying pressure and to the increase in price.
According to many executives and industry experts, the potential is in the blockchain technology and not the Bitcoin commodity itself, which will never become mainstream. Are they correct in their assumptions? I don't know, but I hope to see them proved wrong in the future. I think this topic merits more discussion, and as others have stated above me, scarcity does not equate to value, unless there is demand. Is there demand for BTC? Everyone I know who has heard of BTC has not invested a single penny into it. Some of them have read about BTC online and understand how it works, while others simply heard about it in the mainstream media. What will change in the future that will create greater demand for BTC? Is it a financial crisis? Merchant adoption? Greater regulation? Better exchanges? Ease of use? A killer app that uses BTC? We've already seen some of these occur to varying degrees, although their effect on the price of BTC is questionable. |
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paka
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November 12, 2015, 09:32:52 PM |
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If people continue to buy the price can only go in one direction long term.
Always buy, always hodl.
due to your post, we are going to face another downward trend. |
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RedWhale.
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November 12, 2015, 09:35:59 PM |
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If people continue to buy the price can only go in one direction long term.
Always buy, always hodl.
due to your post, we are going to face another downward trend. Yes, but eventually it will go back up because the maximum number of Bitcoins is 21 million. Bitcoin will not completely die off. |
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Monnt
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November 12, 2015, 09:42:32 PM |
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Yep, I agree. Bitcoins aren't like the fiat scams, they have a limited amount. So always HODL.
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Mickeyb
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November 12, 2015, 10:00:18 PM |
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Price of the Bitcoin has only one way of going in the long run and this is up. When you consider the potential of this technology and how under mass adopted this thing is until now, really I think that we are having really low prices at the moment.
The fact that Bitcoin is also under inflationary with its limited supply of 21 million will just add to the buying pressure and to the increase in price.
According to many executives and industry experts, the potential is in the blockchain technology and not the Bitcoin commodity itself, which will never become mainstream. Are they correct in their assumptions? I don't know, but I hope to see them proved wrong in the future. I think this topic merits more discussion, and as others have stated above me, scarcity does not equate to value, unless there is demand. Is there demand for BTC? Everyone I know who has heard of BTC has not invested a single penny into it. Some of them have read about BTC online and understand how it works, while others simply heard about it in the mainstream media. What will change in the future that will create greater demand for BTC? Is it a financial crisis? Merchant adoption? Greater regulation? Better exchanges? Ease of use? A killer app that uses BTC? We've already seen some of these occur to varying degrees, although their effect on the price of BTC is questionable. What do you mean questionable? 1 btc is worth around $300. I see this as a great success. I think that this is a fair price for what Bitcoin has to offer at the moment and I also think that $1,000 was just a bubble price. $300 is vary damn good for a technology that's been here for only 7 years and technology that's doing something that was never been done before, ever! Bitcoin also had many problems you know. And it needs to grow and improve considerably in order to be used by the masses. Yes, Bitcoin is not ready for the masses and masses are not yet ready for the Bitcoin either! But in 5 years, all of this might just change! And if it starts changing and Bitcoin starts getting mass adopted, then its deflationary nature will surely push the price upwards! And how will we get to these masses? Well by all of the above that you have already mentioned! We will just must improve on all of the above a lot! Greater exchanges, killer applications, maybe even financial crisis and bigger regulation. Who the heck knows! I would say all of the above just improved! |
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LFC_Bitcoin
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November 12, 2015, 10:04:49 PM |
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Scarcity of bitcoin is not the driving force. Many alts are scarce too, they have no potential. The main driving force behind bitcoin should be growing community and adoption. We need to increase the use of bitcoin on the internet and promote bitcoin to new users. More new users buying bitcoin to spend is the only healthy way to grow.
There lies the main problem(s) we face as a community - achieving trust, recognition, acceptance by average joe. How do we do it, there is no quick fix. How do we convince the average bloke on the street that he needs bitcoin? |
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spiderbrain
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November 12, 2015, 10:18:59 PM |
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LOL, the odds of me pumping the price are 0%.
This is a long.. long term strat.. If you can't hodl for 5 years don't do it.
I will do as a please.
Ha, I'm totally up for the pump and dump, 5 year pump to $30k and dump to $10k. I pity the bag holders  |
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jaberwock
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November 12, 2015, 10:54:44 PM |
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But if no one uses why would someone be interested to hodl it?
If BTC has value and is not backed by another asset, then it must be use and transfer of wealth value, if the main usage of BTC is hodl and wait the price increase, then people that say BTC is some kind of pyramid have some reason
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AtheistAKASaneBrain
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November 12, 2015, 11:17:55 PM |
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That's a new and interesting number. /sarcasm
Please stop trying to pump. You're not going to succeed. We all know the limitations on bitcoins. If you have nothing new to add, don't say it.
It's not about pumping, it's about reminding the obvious, which sometimes it's a very good thing to do, because people tend to forget. 1 million, 7.3 billion people and growing. There will not be 1 BTC for everyone. I don't think what this means is fully understood yet.  This should tell anyone with a brain to buy and hold for 10 years. |
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