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Question: At what exchange rate would you chicken out?
$200
$250
$350
$500
$700
$1000+
Sold mine already, is this rope strong enough to hold my weight?

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Author Topic: Bitcoin - Financial game of chicken?  (Read 452 times)
Dargumin
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April 08, 2013, 02:51:27 PM
 #1

There are a lot of idealists here who really believe in the bitcoin and its future role to play in the world economy. Idealists who would prefer for the current bubble to burst asap so the bitcoin value can stabilise, before they too have to throw in the towel and say "I believed in bitcoin and overturning the corrupt world economy and making a better future for us all...but a $50,000  windfall was too good to resist".  So I'm asking both the idealists and the speculators, at what exchange rate do you just have to cry uncle and sell? I've only just recently got in at $100 so I'm hoping to see it hit $700 but in honesty I can see myself getting very nervous once it goes north of $300.  The only thing that would give me more faith not to sell is if more businesses start accepting bitcoin in the very near future, I'm sure some will if only for the PR.  




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April 08, 2013, 03:00:46 PM
 #2

The business/enterprise community will really be the ultimate life/death of BitCoin particularly as value goes up up up.

More and more smaller companies seem to be moving to accepting BitCoin but from a realistic point of view you need to consider if a companyA takes BitCoin for, say, 3 months, and BitCoin value nose dives they have a lot of useless funding. It'll be an interesting few months to see how BitCoin levels/increases.

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chumpy
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April 08, 2013, 03:25:32 PM
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Looks like we're all good for waiting till we hit $500....
Dargumin
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April 08, 2013, 03:58:23 PM
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Looks like we were $5 off someone giving up on the utopian dream there, was trading at a high of $195...but its back to $182 already. I hope they stuck to their word and didn't sell!

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April 08, 2013, 04:00:48 PM
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question is:

when will B. Shalom Bernanke chicken out and declare martial law in the U$A due to 70% btc acceptance ?

END THE FED !
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April 08, 2013, 04:01:59 PM
 #6

The business/enterprise community will really be the ultimate life/death of BitCoin particularly as value goes up up up.

More and more smaller companies seem to be moving to accepting BitCoin but from a realistic point of view you need to consider if a companyA takes BitCoin for, say, 3 months, and BitCoin value nose dives they have a lot of useless funding. It'll be an interesting few months to see how BitCoin levels/increases.

companies like BitPay make hedging easy.  A company can choose to get paid daily in USD for the BTC sales they close.  Likewise a company could choose to get 98% in USD and hold the other 2% to cover potential BTC payments and benefit from the potential rise, created by more users and more merchants, and thus directly benefit from their own choice to accept BTC in a low risk way.
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