BitcoinBarrel (OP)
Legendary
Offline
Activity: 2008
Merit: 1028
Fill Your Barrel with Bitcoins!
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July 30, 2013, 05:00:16 PM |
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STOP SELLING YOUR COINS FOR A MEASLY $100.
Seriously, think about all the work that you put into getting your Bitcoins and you turn around and sell them for $90, $70 or even $60! Are you insane?!
The only reason the Price of Bitcoin is hovering around $100 is because so many people are willing to give them up. If you want the price to rise then do the smart thing and be patient. Every time you trade BTC for fiat you put another nail in the coffin by setting the value.
Bitcoin is worth more than $100 so treat it like it. BTC
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cbeast
Donator
Legendary
Offline
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
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July 30, 2013, 05:05:45 PM |
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Trading is actually very low. Most people are holding their bitcoins for much higher prices. Some miners must sell bitcoins to pay for their expenses, but it is less than 1% of the total actually setting the price on a very small market.
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Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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Keldel
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July 30, 2013, 05:13:25 PM |
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When the dollar collapses, the price of bitcoin will explode overnight
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bitcodo
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July 30, 2013, 06:02:15 PM |
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I was holding my shit from going to the toilet, but still nobody would pay me 10k$ for it. But I didn't hold it just overnight. I am holding it right now from April . I feel realy sick.
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cbeast
Donator
Legendary
Offline
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
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July 30, 2013, 06:16:12 PM |
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I was holding my shit from going to the toilet, but still nobody would pay me 10k$ for it. But I didn't hold it just overnight. I am holding it right now from April . I feel realy sick. Words often quoted by mules.
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Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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Coinseeker
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July 30, 2013, 06:16:53 PM |
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When the dollar collapses, the price of bitcoin will explode overnight SMH.... IF the dollar collapses, we won't have any need for Bitcoin because everyone will be broke. Secondly, Bitcoins are not "worth" $100. $30-$50 is still extremely high for something you can't spend.
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If your ignore button isn't glowing, you're doing it wrong.
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humanitee
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July 30, 2013, 06:28:42 PM |
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When the dollar collapses, the price of bitcoin will explode overnight SMH.... IF the dollar collapses, we won't have any need for Bitcoin because everyone will be broke. Secondly, Bitcoins are not "worth" $100. $30-$50 is still extremely high for something you can't spend. Listen kids, don't be like this guy. Be like me, the guy surfing on his $1000+ computer he bought with Bitcoin.
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| Whitepaper Medium Reddit
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bitster
Newbie
Offline
Activity: 53
Merit: 0
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July 30, 2013, 07:09:52 PM |
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I've said the same thing on here weeks ago selling below $100 is bad for adoption its already difficult convincing the average person to invest in BTC then you have a forum full of bearish A-hole cheering for $30-50 coins. This market is already PATHETIC at a measly 1 billion we desperately need healthy growth.
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Coinseeker
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July 30, 2013, 07:11:28 PM |
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What we need is healthy capitulation.
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If your ignore button isn't glowing, you're doing it wrong.
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MAbtc
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July 30, 2013, 07:14:31 PM |
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I've said the same thing on here weeks ago selling below $100 is bad for adoption its already difficult convincing the average person to invest in BTC then you have a forum full of bearish A-hole cheering for $30-50 coins. This market is already PATHETIC at a measly 1 billion we desperately need healthy growth.
Who's to say that "healthy growth" starts here, or at 65? How healthy is growth built almost solely on wild speculation?
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Peter Lambert
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July 30, 2013, 07:41:58 PM |
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I would hold my bitcoins (I do hold onto most of them), but I have to pay for things with USD, so for them to be useful I have to sell some of them. I could buy stuff with them, but even then the person selling the stuff prices it based on the current exchange rate, so it works out to be the same to me if I buy stuff or buy dollars and then use that to buy stuff.
It is like the old saying goes "Money is worthless if you are not spending it"
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Use CoinBR to trade bitcoin stocks: CoinBR.comThe best place for betting with bitcoin: BitBet.us
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monkeybars
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July 30, 2013, 09:59:14 PM |
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It is like the old saying goes "Money is worthless if you are not spending it"
Good thing Bitcoin is more than just money.
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XXthetimeisnowXX
Sr. Member
Offline
Activity: 252
Merit: 250
a wolf in sheeps clothing. suckerfish
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July 30, 2013, 10:15:41 PM |
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yayayo
Legendary
Offline
Activity: 1806
Merit: 1024
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July 30, 2013, 10:17:22 PM |
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Seems like the explosion has started already... ya.ya.yo!
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. ..1xBit.com Super Six.. | ▄█████████████▄ ████████████▀▀▀ █████████████▄ █████████▌▀████ ██████████ ▀██ ██████████▌ ▀ ████████████▄▄ ███████████████ ███████████████ ███████████████ ███████████████ ███████████████ ▀██████████████ | ███████████████ █████████████▀ █████▀▀ ███▀ ▄███ ▄ ██▄▄████▌ ▄█ ████████ ████████▌ █████████ ▐█ ██████████ ▐█ ███████▀▀ ▄██ ███▀ ▄▄▄█████ ███ ▄██████████ ███████████████ | ███████████████ ███████████████ ███████████████ ███████████████ ███████████████ ███████████▀▀▀█ ██████████ ███████████▄▄▄█ ███████████████ ███████████████ ███████████████ ███████████████ ███████████████ | ▄█████ ▄██████ ▄███████ ▄████████ ▄█████████ ▄██████████ ▄███████████ ▄████████████ ▄█████████████ ▄██████████████ ▀▀███████████ ▀▀███████ ▀▀██▀ | ▄▄██▌ ▄▄███████ █████████▀ ▄██▄▄▀▀██▀▀ ▄██████ ▄▄▄ ███████ ▄█▄ ▄ ▀██████ █ ▀█ ▀▀▀ ▄ ▀▄▄█▀ ▄▄█████▄ ▀▀▀ ▀████████ ▀█████▀ ████ ▀▀▀ █████ █████ | ▄ █▄▄ █ ▄ ▀▄██▀▀▀▀▀▀▀▀ ▀ ▄▄█████▄█▄▄ ▄ ▄███▀ ▀▀ ▀▀▄ ▄██▄███▄ ▀▀▀▀▄ ▄▄ ▄████████▄▄▄▄▄█▄▄▄██ ████████████▀▀ █ ▐█ ██████████████▄ ▄▄▀██▄██ ▐██████████████ ▄███ ████▀████████████▄███▀ ▀█▀ ▐█████████████▀ ▐████████████▀ ▀█████▀▀▀ █▀ | . Premier League LaLiga Serie A | . Bundesliga Ligue 1 Primeira Liga | | . ..TAKE PART.. |
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Coinseeker
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July 30, 2013, 10:39:35 PM |
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It is like the old saying goes "Money is worthless if you are not spending it"
Good thing Bitcoin is more than just money. Bitcoin is only as good as the fiat it can be converted into. Remember that.
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If your ignore button isn't glowing, you're doing it wrong.
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notme
Legendary
Offline
Activity: 1904
Merit: 1002
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July 30, 2013, 10:58:58 PM |
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It is like the old saying goes "Money is worthless if you are not spending it"
Good thing Bitcoin is more than just money. Bitcoin is only as good as the fiat it can be converted into. Remember that. I must have imagined all those other things I have had sent to my house in exchange for my btc.
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FUKT
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July 31, 2013, 07:42:56 AM |
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It is like the old saying goes "Money is worthless if you are not spending it"
Good thing Bitcoin is more than just money. Bitcoin is only as good as the fiat it can be converted into. Remember that. I must have imagined all those other things I have had sent to my house in exchange for my btc. Exactly.
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wopwop
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July 31, 2013, 08:52:02 AM |
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Made 10% on a day!! 100% soon
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Comodore
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July 31, 2013, 10:45:37 AM |
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When the dollar collapses, the price of bitcoin will explode overnight What if I told you: All banks are printing money (= QE) so bitcoin will go up but all the other currencies will do so?
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semaforo
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July 31, 2013, 11:26:02 AM |
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I paid for web design services from very well qualified web designers in Pakistan, and it was the easiest international payment I have ever made and took 20 minutes rather than 3 days, and I didn't have to go to a bank, present gov. ID, and sign a bunch of papers. I bought clothes online with bitcoin. I bought homebaked bread in my city that was of quality absolutely unavailable in any bakery. I have considered buying real estate in Spain with bitcoin, but I didn't have enough coin at the time or time to go to Spain, so somebody else snapped it up before me. I have several solicitations from graphic designers offering to work on a project for me for bitcoin. I have bought tools with bitcoin. I have bought medicine with bitcoin. I have used bitcoin to transfer large quantities of money internationally and thereby avoided wire transfer fees. I have made people happy by gifting bitcoin. I have bought fine Argan oil, a delicious superfood that comes from a tree endemic to Morocco. Great with bread or in salad dressings, absolute one of a kind flavor and packed with omega fatty acids. I am looking into buying high quality tea from China and high quality Saffron from Iran with bitcoin- both very healthful products.
If you can't figure out how to spend bitcoin, I would be happy to help show you how, just PM me. Bitcoin not only offers major breakthroughs as a payment system in terms of increased security, eliminating need for centralized institutions, it offers major political and economic gains by hybridizing the liquidity of fiat with the limited supply and safety from political tampering of gold. And it is backed by a community of brilliant and dedicated people who can defy all market dynamics because of their belief in the possibility of bitcoin to make the world a better place. Bitcoin is quite simply undervalued- there are hundreds of thousands of entrepreneurs out there who could realize efficiency gains of over 1% by using bitcoin. That is a value in the hundreds of millions if not billions of dollars. The only thing hindering that is knowledge- most people are not technically informed enough to learn about bitcoin, and the infrastructure is still catching up to make it accessible to them.
OP is right- it makes much more sense in the long run to hold and support bitcoin as a movement. I would welcome capitulation too, but I think we have too many strong hands in the market now. Increased SR volume, Argentina, and China- a market like this has never existed before, so none of the standard TA will work here.
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