adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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August 20, 2014, 12:44:41 PM |
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just HODL
...off the exchange, so you can be sure you actually have the coins. or trust virtex virtex will never have any problems i can FEEL it.  |
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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dEBRUYNE
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Activity: 2268
Merit: 1141
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August 20, 2014, 12:46:28 PM |
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Litecoin is over 5$ already, seems btc is following ltc at the moment
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stereotype
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Activity: 1554
Merit: 1000
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August 20, 2014, 12:49:41 PM |
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Litecoin is over 5$ already, seems btc is following ltc at the moment
Apparently, its 'just coincidence'. |
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Torque
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Activity: 3556
Merit: 5041
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August 20, 2014, 12:49:56 PM |
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Ok, the activity in the last week just unequivocally proves the theory that the crypto market whales take a 3-4 month hiatus during the summer months. This summer was completely dead (except for that silly SR auction crap). What a waste of time and energy this summer was for me.
Next summer, I'm going to cold storage everything and not even look at the market from May to August.
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vuduchyld
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August 20, 2014, 12:50:51 PM |
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will we have what we are looking for? will price ever reach 1000$ again?
price will need to find its footing again, we thought we had it and doubled from the low to 680
now longs have been squeezed, shorts are increasing price is tanking and everyone is questioning everything again
this will pass... we may or may not make a new low b4 this passes who knows.
i wouldn't be surprised to see another doubling from the low after the market has found its confidence again, after that hopefully the good news keeps flowing and more importantly new users, and we'll be on our way.
don't expect a smooth ride, and i would think the market would refuse to buy 1000$ bitcoin again untill theres some good news / more usage.
but good news / more usage seems to be what's coming, with things like COIN being listed on the us stock exchange, thats sure to make heads turn, and there are other things to look forward to... once it gets going, things should turn around pretty quickly...
If all this happens and we do reach 1000$ again it will most certainly not stop there, we'll probably do another 10x increase aka "bubble"
Will it EVER reach $1000? "Ever" is a long time. If you're looking down the road a few years, the answer is that of course it will. I'd stake a whole lotta money on that. Even if it takes 3 years to hit $1000 (I don't think it will), where else are you likely to more than double your money in that period of time? BTC value in my opinion can be derived from the value of the user network (Metcalfe's Law) and its corresponding share of global M2 money supply. And you can't put the toothpaste back in the tube. Crypto is just a better product than other options out there...see Cypherdoc's post that Overstock says use of BTC saves them 8% over credit card fees and currency exchange! That's probably pretty close to their net margin! At 0.5% of global M2 and 5x more velocity than current, BTC is worth approximately $3000. I don't know how long it takes to get there, but it WILL. And keep in mind that the price/value graph will show BTC price crossing back and forth over the value line. Right now, I strongly believe that price is lagging value. As value climbs due to increasing adoption (as currency AND store of value, hence the M2 not M1 comparison), we will cross over and shoot to the high side. I wouldn't expect to see a straight shot up from $1000 to $10,000. We may not see another move like we saw last year, one that takes place over such a short period and has such a magnitude. But BTC will absolutely go back over $1000. I couldn't possibly guess when. It might be in September. It might be in 2016, but even if it takes 4-5 YEARS, buying at $480 ish is a fabulous investment in the future. |
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JorgeStolfi
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August 20, 2014, 12:53:54 PM |
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maybe shorters know something you dont.
no one has a clue people have plans plans get fucked everytime just HODL Agree with you 80%. Wait, actually 100%: I am hodling too, as always.  |
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vuduchyld
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August 20, 2014, 12:55:31 PM |
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I have never sodled a BTC. Only hodled.
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johnwest
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August 20, 2014, 12:57:19 PM |
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We again crossed the 490. What do you think guys, will this time price will able to hold the 490 mark.
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Microbit001
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Activity: 63
Merit: 10
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August 20, 2014, 12:58:34 PM |
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Even with current downfalls, I will take optimistic approach and hold it. BTC has got the potential to rise. Probably $800 in a year.
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fonzie
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August 20, 2014, 12:58:50 PM |
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Can´t log into Bitfinex right now? I have no leveraged positions and am all-in crypto over there there, so i don´t have to sweat.  Anyone else having the same problem? Edit: It looks like there are others: My token verification doesn't work all of a sudden.. Worked an hour ago. I have contacted support but no answer yet and orders waiting.. Please help me fix this. Anyone else with the same problem?
Glad to read this. Same Problem for me! Which probably means BFX has just fucked up their system time or something. Well i hope you shorters have set tight stop losses, lol. [tinfoil hat] short squeeze conspiracy [/tinfoil hat] |
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ChartBuddy
Legendary
 Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 20, 2014, 12:59:32 PM |
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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August 20, 2014, 01:02:25 PM |
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i'm pretty sure i need to sell some
i'm way too stressed when shit looks bad.
but for the kids, i stuck it up and deal.
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Rampion
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Activity: 1148
Merit: 1018
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August 20, 2014, 01:03:55 PM |
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Did Jorge Stolfi buy bitcoins yet?
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fonzie
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August 20, 2014, 01:05:07 PM |
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Did Jorge Stolfi buy bitcoins yet?
He´s all in, sold his house and kidneys. |
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madmat
Legendary
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Activity: 966
Merit: 1000
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August 20, 2014, 01:07:25 PM |
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After reading the last ten pages of this thread, I decided to buy again. If price is down tomorrow, I will.buy some more.
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_javi_
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August 20, 2014, 01:10:25 PM |
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Train pics? i bet somebody is getting ready to dump...  |
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fonzie
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August 20, 2014, 01:13:50 PM |
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Honestly if this should be the long awaited outbreak we will have a (short squeeze) desaster/miracle @ Finex if they can´t resolve their 2FA login problem pretty soon.
I can see green spikes comin!
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Sandia
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August 20, 2014, 01:14:19 PM |
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Yeah, apparently no one can login to BFX. The 2fa is broken on their side.
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johnwest
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August 20, 2014, 01:15:02 PM |
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After reading the last ten pages of this thread, I decided to buy again. If price is down tomorrow, I will.buy some more.
Same here, I also thinking to buy again some coin, but not too much. I think we will cross this time 500 level and will move upwards. |
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Yololintian
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August 20, 2014, 01:17:20 PM |
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People can't log into bitfinex to close their shorts haha.. when they can price is going above 500...
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