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Bitcoin consantly losing value?
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Topic: Bitcoin consantly losing value? (Read 2912 times)
ElectricMucus
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Re: Bitcoin consantly losing value?
December 25, 2013, 10:38:53 AM
#21
Quote from: wachtwoord on December 25, 2013, 10:37:11 AM
Quote from: HappyBitCoinUser on December 25, 2013, 10:34:36 AM
Lot of people that bought in during the $1000-$1200 lost 50% of their value/investment.
You don't lose money unless you sell. Don't sell.
This is called the sunk costs fallacy.
wachtwoord
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Re: Bitcoin consantly losing value?
December 25, 2013, 10:40:18 AM
#22
Quote from: ElectricMucus on December 25, 2013, 10:38:53 AM
Quote from: wachtwoord on December 25, 2013, 10:37:11 AM
Quote from: HappyBitCoinUser on December 25, 2013, 10:34:36 AM
Lot of people that bought in during the $1000-$1200 lost 50% of their value/investment.
You don't lose money unless you sell. Don't sell.
This is called the sunk costs fallacy.
No, it's called paper losses.
ElectricMucus
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Re: Bitcoin consantly losing value?
December 25, 2013, 10:43:30 AM
#23
That's another, friendlier term for it.
wachtwoord
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Re: Bitcoin consantly losing value?
December 25, 2013, 10:47:49 AM
#24
Quote from: ElectricMucus on December 25, 2013, 10:43:30 AM
That's another, friendlier term for it.
I think I misunderstood your original reaction
mp420
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Re: Bitcoin consantly losing value?
December 25, 2013, 11:13:56 AM
#25
The current situation does look a lot like mid-2011. I thought this already in April but at that time the crash was too early and too abrupt.
Guessing the bottom by comparing to 2011 is just an excercise in numerology but it would imply high double digits, in a few months.
piramida
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Borsche
Re: Bitcoin consantly losing value?
December 25, 2013, 07:48:47 PM
#26
Quote from: mp420 on December 25, 2013, 11:13:56 AM
high double digits, in a few months.
can only wish. however desirable that would be, it's not happening. the prolonged crash of 2011 was caused by one thing - uncertainty. would it be able to recover with one crappy exchange being hacked after another? Now everyone knows the answer, so the dips are bought out and there's much less panic selling.
i am satoshi
ElectricMucus
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Re: Bitcoin consantly losing value?
December 25, 2013, 07:52:11 PM
#27
Uncertainty about the legal situation of the two biggest exchanges perhaps?
piramida
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Borsche
Re: Bitcoin consantly losing value?
December 25, 2013, 08:26:04 PM
#28
Quote from: ElectricMucus on December 25, 2013, 07:52:11 PM
Uncertainty about the legal situation of the two biggest exchanges perhaps?
I don't remember when there was any certainty about any of the exchanges
They are always in the shadows. Well, all besides coinbase, they by some magic run a valid startup it seems.
i am satoshi
Wilhelm
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Re: Bitcoin consantly losing value?
December 26, 2013, 10:55:22 AM
#29
Quote from: wachtwoord on December 25, 2013, 10:40:18 AM
Quote from: ElectricMucus on December 25, 2013, 10:38:53 AM
Quote from: wachtwoord on December 25, 2013, 10:37:11 AM
Quote from: HappyBitCoinUser on December 25, 2013, 10:34:36 AM
Lot of people that bought in during the $1000-$1200 lost 50% of their value/investment.
You don't lose money unless you sell. Don't sell.
This is called the sunk costs fallacy.
No, it's called paper losses.
knee deep in the shitter
Bitcoin is like a box of chocolates. You never know what you're gonna get !!
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