Farstdury
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 Offline
Activity: 70
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December 12, 2015, 11:44:28 AM |
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yeah Bitcoin will never reach $20 again, if this happens I think this is the destruction of bitcoin.
If the bitcoin price drops below $150 (the cost of efficient mining farms) for a few weeks, it mean the total destruction of bitcoin. |
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helloeverybody
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Activity: 1008
Merit: 1000
★YoBit.Net★ 350+ Coins Exchange & Dice
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December 12, 2015, 11:47:58 AM |
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yeah Bitcoin will never reach $20 again, if this happens I think this is the destruction of bitcoin.
If the bitcoin price drops below $150 (the cost of efficient mining farms) for a few weeks, it mean the total destruction of bitcoin. Not really, It just means more people would jump back onto the mining wagon since the difficulty will be much lower. |
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extrabyte
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Activity: 840
Merit: 1000
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December 12, 2015, 12:01:20 PM |
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OP, you missed two extra zeros, the price will not reach of course $20, unless it crashes totally and the price will go up to $0
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avw1982
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December 12, 2015, 12:38:01 PM |
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yeah Bitcoin will never reach $20 again, if this happens I think this is the destruction of bitcoin.
Why this kind of prediction dude. Actually bitcoin price is increasing day by day. today I saw the zigzag But now rate again pumping and moving to good value Now today 436$.  . raising face only We can see no destruction and all. |
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LMGTFY
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December 12, 2015, 12:41:55 PM |
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OP, you missed two extra zeros, the price will not reach of course $20, unless it crashes totally and the price will go up to $0
The OP was a long, long time ago! They were incorrect - price did reach $20 again, back in 2013. |
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richardsNY
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Activity: 1232
Merit: 1091
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December 12, 2015, 12:43:11 PM |
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yeah Bitcoin will never reach $20 again, if this happens I think this is the destruction of bitcoin.
Not necessarily. It could also be caused by a flash crash on an exchange with a very thin order book. That's why people tend to place buy orders on various very low price levels. If something like a flash crash will happen, then they hugely benefit from it as the price will recover very fast after that. It's easy profit. It only takes a very long time before a flash crash will push down the price to below $100 prices. |
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NorrisK
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Activity: 1946
Merit: 1007
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December 12, 2015, 12:52:41 PM |
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yeah Bitcoin will never reach $20 again, if this happens I think this is the destruction of bitcoin.
Not necessarily. It could also be caused by a flash crash on an exchange with a very thin order book. That's why people tend to place buy orders on various very low price levels. If something like a flash crash will happen, then they hugely benefit from it as the price will recover very fast after that. It's easy profit. It only takes a very long time before a flash crash will push down the price to below $100 prices. But flash crashes due to thin order books are something completely different than reaching 20 USD again. Reaching a value like that again, suggests stable trading in that range, not touching briefly by buying out all orders which is instantly fixed by buy orders shooting back to near the orignial value. |
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extrabyte
Legendary
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Activity: 840
Merit: 1000
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December 12, 2015, 12:55:22 PM |
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OP, you missed two extra zeros, the price will not reach of course $20, unless it crashes totally and the price will go up to $0
The OP was a long, long time ago! They were incorrect - price did reach $20 again, back in 2013. I hope that the price will not reached ever the price of $20 again, i am optimistic that the price will reach by $500 this month. |
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richardsNY
Legendary
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Activity: 1232
Merit: 1091
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December 12, 2015, 03:58:29 PM |
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yeah Bitcoin will never reach $20 again, if this happens I think this is the destruction of bitcoin.
Not necessarily. It could also be caused by a flash crash on an exchange with a very thin order book. That's why people tend to place buy orders on various very low price levels. If something like a flash crash will happen, then they hugely benefit from it as the price will recover very fast after that. It's easy profit. It only takes a very long time before a flash crash will push down the price to below $100 prices. But flash crashes due to thin order books are something completely different than reaching 20 USD again. Reaching a value like that again, suggests stable trading in that range, not touching briefly by buying out all orders which is instantly fixed by buy orders shooting back to near the orignial value. It's not realistic to expect the price to go down to $20, and it will most likely never happen anymore, unless Bitcoin gets replaced by something better, or simply because it failed. The flash crash scenario is realistic and can happen at any time. |
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safari88
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Activity: 1960
Merit: 1026
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December 13, 2015, 09:11:29 AM |
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OP, you missed two extra zeros, the price will not reach of course $20, unless it crashes totally and the price will go up to $0
The OP was a long, long time ago! They were incorrect - price did reach $20 again, back in 2013. I hope that the price will not reached ever the price of $20 again, i am optimistic that the price will reach by $500 this month. lol of course the price bitcoin will never touch the $ 20 again it was just a joke. $500 at the end of the year I am very confident. |
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lexuz
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December 14, 2015, 04:43:19 AM |
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OP, you missed two extra zeros, the price will not reach of course $20, unless it crashes totally and the price will go up to $0
The OP was a long, long time ago! They were incorrect - price did reach $20 again, back in 2013. I hope that the price will not reached ever the price of $20 again, i am optimistic that the price will reach by $500 this month. lol of course the price bitcoin will never touch the $ 20 again it was just a joke. $500 at the end of the year I am very confident. Hope your prediction is coming true, we need to carefully because too many people talk price will touch $500. |
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Whosdaddy
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December 14, 2015, 05:36:00 AM |
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OP, you missed two extra zeros, the price will not reach of course $20, unless it crashes totally and the price will go up to $0
The OP was a long, long time ago! They were incorrect - price did reach $20 again, back in 2013. I hope that the price will not reached ever the price of $20 again, i am optimistic that the price will reach by $500 this month. lol of course the price bitcoin will never touch the $ 20 again it was just a joke. $500 at the end of the year I am very confident. Why we need to bother about $20, there are no possibilities for $200 itself for any more. Bitcoin never sustained below $200 in 2015. Same way there will not be any chances for testing of below $300 levels also, not possible with up coming events. We are moving forward for a new historic high prices. Wait and enjoy. |
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Hashminers
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December 14, 2015, 10:01:38 AM |
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Well I think you are so wrong and maybe you are just trolling too, but we won't see a 200 dollar worth of bitcoin I think.
And why even say that we if we go to the future, I bet that bitcoin will increase even more.
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LMGTFY
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December 14, 2015, 10:20:38 AM |
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Well I think you are so wrong and maybe you are just trolling too, but we won't see a 200 dollar worth of bitcoin I think.
And why even say that we if we go to the future, I bet that bitcoin will increase even more.
They weren't trolling. At the time of their post, BTC/USD was below 20, and would remain there for over a year, until 2013. Check the date - you're replying to a very, very old OP. This is a necrothread. |
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bitlancr
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December 14, 2015, 10:31:31 AM |
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OP, you missed two extra zeros, the price will not reach of course $20, unless it crashes totally and the price will go up to $0
The OP was a long, long time ago! They were incorrect - price did reach $20 again, back in 2013. I hope that the price will not reached ever the price of $20 again, i am optimistic that the price will reach by $500 this month. I wouldn't mind if this were to happen, it would give me a chance to bulk in. I don't think it will happen again though. Something big has to happen for bitcoin to go back down like that. |
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CoinsRoyal
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December 14, 2015, 01:23:43 PM |
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Well I wish I started to know bitcoin in 2013 20 dollar for a bitcoin I would have bought it.
If I knew that it will increase like this.
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RodeoX
Legendary
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Activity: 3066
Merit: 1147
The revolution will be monetized!
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December 14, 2015, 03:10:58 PM |
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Come on guys, he is a BTC economist. You need to do what the experts say!!! July 09, 2011This is why I have liquidated my position in Bitcoins. There is very little upside going forward. No forward moves of late have any traction whatsoever and demand continues to lag. Way too little upside for such a risky proposition so my advice is to move into dollars. Only a significant change in the economy could alter this forecast.
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Hashminers
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December 14, 2015, 03:38:36 PM |
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Well I think you are so wrong and maybe you are just trolling too, but we won't see a 200 dollar worth of bitcoin I think.
And why even say that we if we go to the future, I bet that bitcoin will increase even more.
They weren't trolling. At the time of their post, BTC/USD was below 20, and would remain there for over a year, until 2013. Check the date - you're replying to a very, very old OP. This is a necrothread. Oh I didn't see that it was in 2011 I only see that is today. I didn't spect that it would be that long. If I may ask what is necrothread? I know what yo mean, but what is it. |
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LMGTFY
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December 14, 2015, 07:49:41 PM |
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...
If I may ask what is necrothread? I know what yo mean, but what is it.
It's a reference to necromancy, the raising of the dead! (Sorry, I've watched way too much Lord of the Rings and zombie films recently...!) |
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extrabyte
Legendary
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Activity: 840
Merit: 1000
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December 14, 2015, 07:54:34 PM |
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Come on guys, he is a BTC economist. You need to do what the experts say!!! July 09, 2011This is why I have liquidated my position in Bitcoins. There is very little upside going forward. No forward moves of late have any traction whatsoever and demand continues to lag. Way too little upside for such a risky proposition so my advice is to move into dollars. Only a significant change in the economy could alter this forecast.
It has been passed almost 5 years since his post but things have been changed and maybe we can say bitcoin will never reach $200 again. |
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