porc (OP)
Member
 Offline
Activity: 98
Merit: 10
|
 |
December 18, 2013, 10:45:48 PM
Last edit: December 18, 2013, 11:20:51 PM by porc |
|
Old mentality: I have got to buy, the price is going up. I will not sell at $1200, bitcoins will be worth millions.
New mentality: I have got to sell, the price is going down. Why would I hold, I might lose everything.
Old one: Look at these cheap coins ($550 vs $1200) BUY!
New one: Look at these expensive coins. Now they are $550, in 2010 they were only a few cents. SELL!
Old one: I am investing in disruptive technology.
New one: I got scammed!
Lots of people have been burnt buying at 1200, and they want to get out. Many early adopters will try to cash in their fortunes.
Fear will replace greed. Reality will replace delusion.
Look out below.
Bitcoin below 10 dollars in 2014.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
"Your bitcoin is secured in a way that is physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter a majority of miners, no matter what." -- Greg Maxwell
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
eternaluniverse
|
|
December 18, 2013, 10:50:15 PM |
|
Old mentality: I have got to buy, the price is going up. I will not sell at 1200, bitcoins will be worth millions.
New mentality: I have got to sell, the price is going down. Why would I hold, I might lose everything.
Old one: Look at these cheap coins ($550 vs $1200) BUY!
New one: Look at these expensive coins. Now they are $550, in 2010 they were only a few cents. SELL!
Lots of people have been burnt buying at 1200, and they want to get out.
Fear will replace greed. Reality will replace delusion.
Look out below.
Bitcoin below 10 dollars in 2014.
You right it is relative, but bitcoin is useful for what it can do for global transactions on a large scale, this price volatility is result of speculation but should not be reference on how valuable a bitcoin is, because its value has not been fully realized yet. |
|
|
|
|
zakurim
Newbie
Offline
Activity: 5
Merit: 0
|
|
December 18, 2013, 10:54:27 PM |
|
It's an idea, but don't forget that bitcoin hasn't gain it's mainstream popularity, and only a minor number of people know about it, another hype would make it go back up to the moon.
|
|
|
|
|
dan123
Jr. Member
Offline
Activity: 55
Merit: 1
|
|
December 18, 2013, 10:55:13 PM |
|
The real value will come in another year or two when all these start up companies based around bitcoin make apps, transactions and wallets easier.
|
|
|
|
|
Ibian
Legendary
Offline
Activity: 2268
Merit: 1278
|
|
December 18, 2013, 11:00:29 PM |
|
Nope. Bitcoin is still as sound as it ever was. Hodling.
Also: go get slaughtered piggy.
|
Look inside yourself, and you will see that you are the bubble.
|
|
|
porc (OP)
Member
Offline
Activity: 98
Merit: 10
|
|
December 18, 2013, 11:01:00 PM |
|
Yeah... we've been through these fear/greed cycles several times now with Bitcoin. It's nothing new.
Price discovery of a new disruptive asset with the power to change how the world works is going to take some time and it will be extremely volatile in the process. Key word: disruptive.
Old: I invested in disruptive technology! New: I got scammed ! |
|
|
|
|
porc (OP)
Member
Offline
Activity: 98
Merit: 10
|
|
December 18, 2013, 11:01:37 PM |
|
Nope. Bitcoin is still as sound as it ever was. Hodling.
Also: go get slaughtered piggy.
I have no positions in bitcoin. |
|
|
|
|
|
theecoinomist
|
|
December 19, 2013, 12:34:29 AM |
|
I don't know where to start with you OP, so I'll just post here for future reference and time will tell..  |
|
|
|
porc (OP)
Member
Offline
Activity: 98
Merit: 10
|
|
December 19, 2013, 01:54:06 AM |
|
I don't know where to start with you OP, so I'll just post here for future reference and time will tell.. ok |
|
|
|
|
lightfoot
Legendary
Offline
Activity: 3094
Merit: 2239
I fix broken miners. And make holes in teeth :-)
|
|
December 19, 2013, 01:55:04 AM |
|
WGAF :-)
|
|
|
|
|
giantdragon
Legendary
Offline
Activity: 1582
Merit: 1002
|
|
December 19, 2013, 01:59:33 AM |
|
Bitcoin below 10 dollars in 2014.
Smart investors will instantly buy ALL Bitcoins available for $10/BTC, so this price won't ever happen! |
|
|
|
|
spiderbrain
Legendary
Offline
Activity: 889
Merit: 1013
|
|
December 19, 2013, 02:02:22 AM |
|
SELL SELL SELL YOUR BITCOINS (to me)
|
|
|
|
|
DrahogErusiel
|
|
December 19, 2013, 02:10:00 AM |
|
it wont be tell the last BTC is mined that we can see it stablize. maybe $10 maybe $4500. It all really should not matter, this is a major break through in world economics. enjoy the ride.
|
|
|
|
|
empoweoqwj
|
|
December 19, 2013, 02:31:41 AM |
|
Nope. Bitcoin is still as sound as it ever was. Hodling.
Also: go get slaughtered piggy.
I have no positions in bitcoin. Yes you have told us several times. Just love to slag off bitcoin at every opportunity. Ever thought of getting a life? |
|
|
|
|
The 4ner
aka newbitcoinqtuser
Hero Member
Offline
Activity: 602
Merit: 500
R.I.P Silk Road 1.0
|
|
December 19, 2013, 02:35:07 AM |
|
Some of those are on point! However, it's up to us to maintain bit coins price by spending them!
|
|
|
|
|
|
empoweoqwj
|
|
December 19, 2013, 02:38:48 AM |
|
SELL SELL SELL YOUR BITCOINS (to me)
That's what exchanges are for  |
|
|
|
|
infinitybo
Newbie
Offline
Activity: 28
Merit: 0
|
|
December 19, 2013, 07:34:52 AM |
|
BTC will probably always be around as a huge speculation for those who deal in cryptocurrencies.
|
|
|
|
|
Zarathustra
Legendary
Offline
Activity: 1162
Merit: 1004
|
|
December 19, 2013, 08:01:17 AM |
|
Nope. Bitcoin is still as sound as it ever was. Hodling.
Also: go get slaughtered piggy.
I have no positions in bitcoin. Yes, that is your problem and the reason why you open so many troll threads. You missed this train which we didn't. You are slaughtered already. |
|
|
|
|
|
DrahogErusiel
|
|
December 19, 2013, 08:45:31 AM |
|
Some of those are on point! However, it's up to us to maintain bit coins price by spending them!
yes i totally agree, the problem with that is with something this volitile your natural logic is to treat it like a stock. I think that once its stabelizes (hopfully after the 21 millienth coin is mined) it will be even more popular and trading/spending will boom. |
|
|
|
|
solidshotnosh
|
|
December 19, 2013, 08:50:59 AM |
|
Old mentality: I have got to buy, the price is going up. I will not sell at $1200, bitcoins will be worth millions.
New mentality: I have got to sell, the price is going down. Why would I hold, I might lose everything.
Old one: Look at these cheap coins ($550 vs $1200) BUY!
New one: Look at these expensive coins. Now they are $550, in 2010 they were only a few cents. SELL!
Old one: I am investing in disruptive technology.
New one: I got scammed!
Lots of people have been burnt buying at 1200, and they want to get out. Many early adopters will try to cash in their fortunes.
Fear will replace greed. Reality will replace delusion.
Look out below.
Bitcoin below 10 dollars in 2014.
For every one person who invested at these high of prices, there are ten others who didn't have the money to even buy 0.1 + worth of btc, a forum I visit daily has people begging for even satoshis to get in on the bitcoin craze. The point to that statement? If we do ever hit 200$ or less, I expect a HUGE rush to buy in from all the smaller fish that couldn't buy in at these absurd prices and who were waiting for a smaller entry price. And considering this is the 3rd major bubble, it would probably be in their best interest to do so. I foresee a sort of "equilibrium" occurring anywhere between 200-300 for at least a few months into the new year. Shit, after watching all last night, and the crash a week or so ago, 500 could be the new 100 from last summer. During the past summer we saw 100$ keep pretty steady for a solid few months after that 266 high. I fully expect another bubble, and then another drop to a quasi equilibrium, rinse and repeat. But we all know why you're making these forecasts, just as all the other's that predict " BITCOIN TO SUB 100 ITS GONNA CRASH", you're just wanting to get in at a low price since the barrier to enter is so high at the moment. |
|
|
|
|
|
empoweoqwj
|
|
December 19, 2013, 09:02:35 AM |
|
Nope. Bitcoin is still as sound as it ever was. Hodling.
Also: go get slaughtered piggy.
I have no positions in bitcoin. Yes, that is your problem and the reason why you open so many troll threads. You missed this train which we didn't. You are slaughtered already. I don't think anything we say will stop him unfortunately. He's on a mission to troll us to death  |
|
|
|
|
|
