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fonsie
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January 04, 2015, 05:23:16 PM |
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Serious question:
What's the "fair price" of one bitcoin? and how do you arrive to that conclusion?
The price you accept when selling one. Conclusion: Makes sense. |
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Deadstock
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January 04, 2015, 05:23:46 PM |
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F it, lets go all the way to $100
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noobtrader
Legendary
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Activity: 1456
Merit: 1000
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January 04, 2015, 05:25:01 PM |
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Serious question:
What's the "fair price" of one bitcoin? and how do you arrive to that conclusion?
fair to who  at current difficulty, miner expect at least above 350 new buyer expect 2 digit |
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abercrombie
Legendary
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Activity: 1159
Merit: 1001
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January 04, 2015, 05:26:07 PM |
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Bitcoin sub-270...  You maniacs. You blew it up. Damn you, damn you all to hell....  |
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600watt
Legendary
Offline
Activity: 2338
Merit: 2106
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January 04, 2015, 05:26:16 PM |
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it is always the same. i am so deeply sucked into bitcoin (very delusional perma bull i guess) that whenever we go over a cliff like today i think: "thaaaat´s it, finally. i will get out. i cannot take this anymore." of course i can´t sell right into the panic, so i promise myself i will sell them all once it has bounced back to a level that once looked so boring (but now looks so shiny). but when it climbs back up, i keep forgetting my despair and then - of course i never never sell once it has reached more comfortable levels. i know this and i still cannot escape. hope seems to be stronger than fear. it feels fucking bad to lose money. but in my case it seems to feel 10 times worse to lose btc. i will end up with lots of worthless btc i guess.  |
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shmadz
Legendary
Offline
Activity: 1512
Merit: 1000
@theshmadz
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January 04, 2015, 05:26:59 PM |
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EDIT: Hmmm, now I'm having doubts, perhaps it's only a Chrome bug and I just didn't experience it anymore because I ignored NotLambchop.
Either way there's an easy fix.
LOL! This will now be known as "The Brony Bug" |
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JimboToronto
Legendary
Offline
Activity: 4410
Merit: 5578
You're never too old to think young.
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January 04, 2015, 05:27:27 PM |
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F it, lets go all the way to $100
Missed out on buying 2-digit coins? Dreaming of another chance? Keep dreaming. |
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Divitiae miserae
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January 04, 2015, 05:29:07 PM |
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Serious question:
What's the "fair price" of one bitcoin? and how do you arrive to that conclusion?
I'll give you my newbie thought: it roughly depends on how much fiat has been pumped in. 0 fiat, 0 value. |
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fonsie
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January 04, 2015, 05:30:29 PM |
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EDIT: Hmmm, now I'm having doubts, perhaps it's only a Chrome bug and I just didn't experience it anymore because I ignored NotLambchop.
Either way there's an easy fix.
LOL! This will now be known as "The Brony Bug" |
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shmadz
Legendary
Offline
Activity: 1512
Merit: 1000
@theshmadz
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January 04, 2015, 05:30:46 PM |
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it is always the same. i am so deeply sucked into bitcoin (very delusional perma bull i guess) that whenever we go over a cliff like today i think: "thaaaat´s it, finally. i will get out. i cannot take this anymore." of course i can´t sell right into the panic, so i promise myself i will sell them all once it has bounced back to a level that once looked so boring (but now looks so shiny). but when it climbs back up, i keep forgetting my despair and then - of course i never never sell once it has reached more comfortable levels. i know this and i still cannot escape. hope seems to be stronger than fear. it feels fucking bad to lose money. but in my case it seems to feel 10 times worse to lose btc. i will end up with lots of worthless btc i guess. LOL (more of a chuckle actually) So when do we start planning the "bitcoin hits 10,000 party?" (Serious question) |
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macsga
Legendary
Offline
Activity: 1484
Merit: 1002
Strange, yet attractive.
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January 04, 2015, 05:30:53 PM |
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it is always the same. i am so deeply sucked into bitcoin (very delusional perma bull i guess) that whenever we go over a cliff like today i think: "thaaaat´s it, finally. i will get out. i cannot take this anymore." of course i can´t sell right into the panic, so i promise myself i will sell them all once it has bounced back to a level that once looked so boring (but now looks so shiny). but when it climbs back up, i keep forgetting my despair and then - of course i never never sell once it has reached more comfortable levels. i know this and i still cannot escape. hope seems to be stronger than fear. it feels fucking bad to lose money. but in my case it seems to feel 10 times worse to lose btc. i will end up with lots of worthless btc i guess. Cold wallets are the medicine against panic moves... I have to wait about half an hour just to copy mine into the computer... let along sync it...  |
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Wandererfromthenorth
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January 04, 2015, 05:35:23 PM |
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So you perma-bulls are saying that since BTC price crashed but recovered in the past when it was worth nothing and a lot less new fiat coming in was necessary to pump the price that means every crash today is just a bear trap?
Even after one year of bear market (never happened before) even after seeing prices reaching a low that was not seen since 2013 even after having broke the previous bubble high (never happened before) even after having broke a multi-year support trend line (never happened before)?
So even if we reach half a dollar nobody needs to worry because the moon is around the corner? Nice mental trap you have set in for yourselves.
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inca
Legendary
Offline
Activity: 1176
Merit: 1000
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January 04, 2015, 05:35:41 PM |
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Short interest a hair away from 20,000 contracts on bfxdata. Over 3000 new shorts today. Retest 300 soon.
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600watt
Legendary
Offline
Activity: 2338
Merit: 2106
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January 04, 2015, 05:36:32 PM |
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it is always the same. i am so deeply sucked into bitcoin (very delusional perma bull i guess) that whenever we go over a cliff like today i think: "thaaaat´s it, finally. i will get out. i cannot take this anymore." of course i can´t sell right into the panic, so i promise myself i will sell them all once it has bounced back to a level that once looked so boring (but now looks so shiny). but when it climbs back up, i keep forgetting my despair and then - of course i never never sell once it has reached more comfortable levels. i know this and i still cannot escape. hope seems to be stronger than fear. it feels fucking bad to lose money. but in my case it seems to feel 10 times worse to lose btc. i will end up with lots of worthless btc i guess. LOL (more of a chuckle actually) So when do we start planning the "bitcoin hits 10,000 party?" (Serious question) there are no plans for that right now.  |
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pjviitas
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January 04, 2015, 05:37:53 PM |
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Serious question:
What's the "fair price" of one bitcoin? and how do you arrive to that conclusion?
Fraction of a dollar. My conclusion is mostly based on utility. Fiat is simply easier to use than BTC. I have to pay money to get BTC and then be careful to use it in a timely fashion or risk losing more money. I view BTC more as a loyalty program token of sorts. |
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shmadz
Legendary
Offline
Activity: 1512
Merit: 1000
@theshmadz
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January 04, 2015, 05:38:23 PM |
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So you perma-bulls are saying that since BTC price crashed but recovered in the past when it was worth nothing and a lot less new fiat coming in was necessary to pump the price that means every crash today is just a bear trap?
Even after one year of bear market (never happened before) even after seeing prices reaching a low that was not seen since 2013 even after having broke the previous bubble high (never happened before) even after having broke a multi-year support trend line (never happened before)?
So even if we reach half a dollar nobody needs to worry because the moon is around the corner? Nice mental trap you have set in for yourselves.
Price is still higher than when I started, not really worried if all my imaginary fortune goes poof. |
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podyx
Legendary
Offline
Activity: 2338
Merit: 1035
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January 04, 2015, 05:39:20 PM |
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https://www.tradingview.com/v/Dx9hLqQ1/This is suggesting that ~$235-240 will be the bottom and a price of $5k to look forward to in just a few months Can you imagine that?... doesn't seem very realistic at this point
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inca
Legendary
Offline
Activity: 1176
Merit: 1000
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January 04, 2015, 05:40:09 PM |
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So you perma-bulls are saying that since BTC price crashed but recovered in the past when it was worth nothing and a lot less new fiat coming in was necessary to pump the price that means every crash today is just a bear trap?
Even after one year of bear market (never happened before) even after seeing prices reaching a low that was not seen since 2013 even after having broke the previous bubble high (never happened before) even after having broke a multi-year support trend line (never happened before)?
So even if we reach half a dollar nobody needs to worry because the moon is around the corner? Nice mental trap you have set in for yourselves.
Yes it is terrible. I will reach my bitcoin target for 2015 in the first two weeks. Please continue shorting it lower. |
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Wandererfromthenorth
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January 04, 2015, 05:40:52 PM |
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Short interest a hair away from 20,000 contracts on bfxdata. Over 3000 new shorts today. Retest 300 soon.
Still 1/4 of the USD worth of longs... Is it not worrying to you that one of the reasons we should pump is just a temporary short squeeze (that might not even happen at all)? Is that the reason people should buy bitcoin at this price after having seen this crash? Because of a short squeeze? |
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NotLambchop
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January 04, 2015, 05:40:59 PM |
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it is always the same. i am so deeply sucked into bitcoin (very delusional perma bull i guess) that whenever we go over a cliff like today i think: "thaaaat´s it, finally. i will get out. i cannot take this anymore." of course i can´t sell right into the panic, so i promise myself i will sell them all once it has bounced back to a level that once looked so boring (but now looks so shiny). but when it climbs back up, i keep forgetting my despair and then - of course i never never sell once it has reached more comfortable levels. i know this and i still cannot escape. hope seems to be stronger than fear. it feels fucking bad to lose money. but in my case it seems to feel 10 times worse to lose btc. i will end up with lots of worthless btc i guess. You join BA (Bitcoiners Anonymous). Twelve-step programs are the only way to beat such problems, and you've already made the first step  |
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