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Author Topic: I AM HODLING  (Read 794902 times)
Benjig
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May 31, 2015, 07:48:06 PM
 #1901

All the HODLers gonna be da LOSers Cheesy
Agree  Grin
Movement is life
Life is movement
You all dead people who are HODLing make this review come true:
"In case there is any doubt after yesterday’s market action, Bitcoins are not money.  They also can never be money, in the sense of providing an alternative to the U.S. dollar for operating the U.S. economy.  Rather, they are 'digital collectibles', the cyber equivalent of rare postage stamps".
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June 01, 2015, 10:47:14 AM
 #1902

If you want to think about realistic prices, first think about the mining subsidy (currently 3600 coins created per day). Then compare the subsidy's USD value to the size of the bitcoin economy and demand for bitcoin.

3600 * 235 = $846,000

846,000 seems like a reasonably small number compared to the total trade volume.

When people start talking about $20,000 bitcoin valuations, even in the next reward era where 1800 coins are created per day, you have to wonder if they've done the math.

1800 * 20,000 = $36,000,000 per day bitcoin mining industry. How large does the bitcoin economy have to be where $36,000,000 (daily) is a reasonably small number compared to it?

I'm settling into the view that we need to wait several more halvings before such valuations are possible to be maintained. (Of course, a brief spike can go unimaginably high)




i always thought that the halving time between each halving was way too much, 1 year would have been enough, to speed up the whole ratio about produced coins and total coins(now the ratio is about 3888:1 still too small one could say), we need to reach 50k ratio at least

so around the year 2036, which is(funny enough it is about the same value before any halving) around 50 coins(56 to be exactly) per day produced
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June 03, 2015, 05:14:09 PM
 #1903

All the HODLers gonna be da LOSers Cheesy
Bold statement Tongue

no.
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June 03, 2015, 05:46:36 PM
 #1904

holding is the best option. it's a solid long term investment with possibly a very high return. you only need patience. not every one can hold like a boss.

Easy talk with your 0.5btc holdings. I earn more than that per hour in fiat every day at work.
But I am hodling too, my dick and my IWC watch. Thanks to the suckers buying my coins above 900$.



Hahah, people seem to be very disconnect from reality.

They see free money as a way justified reason to being unemployed I guess lol. Everyone wants to be rag to riches over night..
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June 03, 2015, 07:30:06 PM
 #1905

If you want to think about realistic prices, first think about the mining subsidy (currently 3600 coins created per day). Then compare the subsidy's USD value to the size of the bitcoin economy and demand for bitcoin.

3600 * 235 = $846,000

846,000 seems like a reasonably small number compared to the total trade volume.

When people start talking about $20,000 bitcoin valuations, even in the next reward era where 1800 coins are created per day, you have to wonder if they've done the math.

1800 * 20,000 = $36,000,000 per day bitcoin mining industry. How large does the bitcoin economy have to be where $36,000,000 (daily) is a reasonably small number compared to it?

I'm settling into the view that we need to wait several more halvings before such valuations are possible to be maintained. (Of course, a brief spike can go unimaginably high)




i always thought that the halving time between each halving was way too much, 1 year would have been enough, to speed up the whole ratio about produced coins and total coins(now the ratio is about 3888:1 still too small one could say), we need to reach 50k ratio at least

so around the year 2036, which is(funny enough it is about the same value before any halving) around 50 coins(56 to be exactly) per day produced

The distribution period as a whole is just too long. I guess 10 years was a reasonable amount of time. Satoshi had no idea whether the first 5 years would have any uptake at all. If he designed bitcoin to be 90% mined in 5 years, he could have all the bitcoins going to a handful of people. So now we wait.

Year 2021
Bitcoin Supply: ~90% mined
Supply Inflation: <1.8%
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June 03, 2015, 07:35:50 PM
 #1906

If you want to think about realistic prices, first think about the mining subsidy (currently 3600 coins created per day). Then compare the subsidy's USD value to the size of the bitcoin economy and demand for bitcoin.

3600 * 235 = $846,000

846,000 seems like a reasonably small number compared to the total trade volume.

When people start talking about $20,000 bitcoin valuations, even in the next reward era where 1800 coins are created per day, you have to wonder if they've done the math.

1800 * 20,000 = $36,000,000 per day bitcoin mining industry. How large does the bitcoin economy have to be where $36,000,000 (daily) is a reasonably small number compared to it?

I'm settling into the view that we need to wait several more halvings before such valuations are possible to be maintained. (Of course, a brief spike can go unimaginably high)




Are you also adding the lost coins, and scam coins as well?

Cause that also effects the price toll on bitcoin, since those coins cant be mined or found again.

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June 04, 2015, 03:29:19 AM
 #1907

holding and fast trade
i think fast trade is better than holding
example
i trade with profit 0.5% /day and i trade 1time/day
0.5% x 30 = 15%
i get 15% permonth that very high interest than Bank or holding

i can trade 2-3 time /day Smiley
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June 04, 2015, 11:26:15 AM
 #1908

Sold at 1000 dollar and im happy with that
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June 04, 2015, 12:43:22 PM
 #1909

i was thinking about selling some of my coins but the recent drops in price and the way the market looks, i don't know anymore what to do.
currently i am holding and i think it is the best decision so far, for now.

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June 04, 2015, 11:46:19 PM
 #1910

If you want to think about realistic prices, first think about the mining subsidy (currently 3600 coins created per day). Then compare the subsidy's USD value to the size of the bitcoin economy and demand for bitcoin.

3600 * 235 = $846,000

846,000 seems like a reasonably small number compared to the total trade volume.

When people start talking about $20,000 bitcoin valuations, even in the next reward era where 1800 coins are created per day, you have to wonder if they've done the math.

1800 * 20,000 = $36,000,000 per day bitcoin mining industry. How large does the bitcoin economy have to be where $36,000,000 (daily) is a reasonably small number compared to it?

I'm settling into the view that we need to wait several more halvings before such valuations are possible to be maintained. (Of course, a brief spike can go unimaginably high)




Are you also adding the lost coins, and scam coins as well?

Cause that also effects the price toll on bitcoin, since those coins cant be mined or found again.

I don't think anywhere near 25 coins are lost every 10 minutes. Coins being lost might start to matter when the reward goes down to single digits.

Year 2021
Bitcoin Supply: ~90% mined
Supply Inflation: <1.8%
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June 05, 2015, 01:12:45 AM
 #1911

If you want to think about realistic prices, first think about the mining subsidy (currently 3600 coins created per day). Then compare the subsidy's USD value to the size of the bitcoin economy and demand for bitcoin.

3600 * 235 = $846,000

846,000 seems like a reasonably small number compared to the total trade volume.

When people start talking about $20,000 bitcoin valuations, even in the next reward era where 1800 coins are created per day, you have to wonder if they've done the math.

1800 * 20,000 = $36,000,000 per day bitcoin mining industry. How large does the bitcoin economy have to be where $36,000,000 (daily) is a reasonably small number compared to it?

I'm settling into the view that we need to wait several more halvings before such valuations are possible to be maintained. (Of course, a brief spike can go unimaginably high)



Are you also adding the lost coins, and scam coins as well?

Cause that also effects the price toll on bitcoin, since those coins cant be mined or found again.


Scam coins are not lost coins, the scammers dump them on btc-e or somewhere else. People usually scam to earn money, if they couldn't spend, they would not scam.

And I doubt that anything near 25 btc/day is lost or destroyed.

So I guess the net effect is low

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June 11, 2015, 01:00:52 AM
 #1912

I would definitely hold a majority of my coins for several years to see how much growth really happens with Bitcoin.

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June 11, 2015, 02:05:31 AM
 #1913

Its not people who hold that really matter with a coin system such as bitcoin.   Those who actually use it as a means of exchange over the world especially on fast velocity transactions, they create value and likely determine where the coin is headed in future.    

If we all just held the coin and thats it, just smoked a pipe dreaming of what it could be worth then its value is essentially zero at that time and my guess in future for all time also.   You want to know the btc price in years then ask those actually use it most.  If its not useful to its users, its not valued is likely how it goes

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June 11, 2015, 07:50:32 PM
 #1914

I have just primarily been sitting on my holdings for about the last year without buying too many more.

I spend some coins every once in awhile and just replenish what I have spent.   Still in it for the long haul, but I miss those days of excitement being glued to the charts...
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June 12, 2015, 12:03:50 PM
 #1915

i'm holding too, and i'm forced to do it, because i did not have a great amount for now, and i don't want to lose my little wallet in gambling or trading, i could start maybe some activity to increase my balance, but with all that i have to do it is better to just hold and hoping for the best, many are doing this and they will be rewarded in the end, like those that were holding before the last big bubble



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June 12, 2015, 12:55:25 PM
 #1916

Still HODLING strong (not that I have any choice to do anything else).
I've been buying for 18 months now but because I bought a fair chunk when the price was like 500-600 USD there's no way I'm doing anything except HODLING for the forseeable future, no way am I willing to sell anything at a big loss.
Calmly HODLING for as long as I need to.


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Ahab_Hunter_of_BearWhale
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June 17, 2015, 11:28:21 AM
 #1917

HODL!

That wise giant HODL from Game of Thrones deep in the dark valley of Bears where despair is to be found proclaims that there is hope! Stand Strong! HODL BTC! And though the Bears would tell our sweet bullish giant that "even he will tire" or to "calm down" or even "be quite" Hodl knows what's up.

Hodl tells you to HODL.

https://www.youtube.com/watch?v=cxjw-w-V5k4
erre
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June 17, 2015, 06:27:44 PM
 #1918

If you want to think about realistic prices, first think about the mining subsidy (currently 3600 coins created per day). Then compare the subsidy's USD value to the size of the bitcoin economy and demand for bitcoin.

3600 * 235 = $846,000

846,000 seems like a reasonably small number compared to the total trade volume.

When people start talking about $20,000 bitcoin valuations, even in the next reward era where 1800 coins are created per day, you have to wonder if they've done the math.

1800 * 20,000 = $36,000,000 per day bitcoin mining industry. How large does the bitcoin economy have to be where $36,000,000 (daily) is a reasonably small number compared to it?

I'm settling into the view that we need to wait several more halvings before such valuations are possible to be maintained. (Of course, a brief spike can go unimaginably high)




You are talking of a 50X increase in the bitcoin demand in the following years.... I think this isn' unrealistic at all...

Roll a dice FOR FREE every hour, and win up to $200 in btc ---> CLICK HERE

Tip me using the LIGHTING NETWORK! -->https://tippin.me/@Erre96344121
jehst
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June 18, 2015, 03:49:23 AM
Last edit: June 18, 2015, 04:01:56 AM by jehst
 #1919

If you want to think about realistic prices, first think about the mining subsidy (currently 3600 coins created per day). Then compare the subsidy's USD value to the size of the bitcoin economy and demand for bitcoin.

3600 * 235 = $846,000

846,000 seems like a reasonably small number compared to the total trade volume.

When people start talking about $20,000 bitcoin valuations, even in the next reward era where 1800 coins are created per day, you have to wonder if they've done the math.

1800 * 20,000 = $36,000,000 per day bitcoin mining industry. How large does the bitcoin economy have to be where $36,000,000 (daily) is a reasonably small number compared to it?

I'm settling into the view that we need to wait several more halvings before such valuations are possible to be maintained. (Of course, a brief spike can go unimaginably high)




You are talking of a 50X increase in the bitcoin demand in the following years.... I think this isn' unrealistic at all...

That's certainly possible. I'm trying to be extremely conservative.

Let's look at how demand grew from 2012 to 2015. In 2012, bitcoin went sideways at $5 with a daily inflation in USD of around $72,000 per day. (3600*2*$5 = $36,000 per day). (Multiplied by two because the block reward was double.)

Now bitcoin goes sideways with a daily inflation in USD of around $846,000 per day. $846,000/$36,000 = 23.5x more daily demand after three years.

To be conservative, we should guess that the demand will grow more slowly now that bitcoin is bigger. Maybe it will "only" go up 11x in the next six years.  846,000 * 11 = $9,306,000 worth of demand per day. Block reward will be 900 bitcoins per day after two halvings.

$9,306,000 / 900 = $10,340 per bitcoin in 2021

With bubbles and crashes along the way. A brief spike to $20,000 or $50,000 before 2021 wouldn't be terribly surprising.


Year 2021
Bitcoin Supply: ~90% mined
Supply Inflation: <1.8%
Sefton
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June 18, 2015, 09:59:29 AM
 #1920

Still HODLING strong (not that I have any choice to do anything else).
I've been buying for 18 months now but because I bought a fair chunk when the price was like 500-600 USD there's no way I'm doing anything except HODLING for the forseeable future, no way am I willing to sell anything at a big loss.
Calmly HODLING for as long as I need to.

I never really why these people sell at a loss. It's easy to see the potential for bitcoin to get back to its previous high and even further, but people just need patience so I agree and think it's silly selling at a loss. I'd rather take the gamble and hold for mega profits in the future. These people will be kicking themselves if bitcoin goes to the moon again.
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