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Author Topic: What is your personal "oh shit" price?  (Read 3686 times)
derpinheimer
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February 08, 2014, 01:09:24 AM
 #21

If it goes below $300 I sell everything and invest in a different coin.

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Cyberlight
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February 08, 2014, 01:27:09 AM
 #22

1.000.000 "o shit, im rich"
ArticMine
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February 08, 2014, 03:51:51 AM
 #23

1260 BTC / USD while holding a short position.

Concerned that blockchain bloat will lead to centralization? Storing less than 4 GB of data once required the budget of a superpower and a warehouse full of punched cards. https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg https://en.wikipedia.org/wiki/Punched_card
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February 08, 2014, 03:54:06 AM
 #24

goes below 150..... oh shit - when they be talkin about binary outcome....

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February 08, 2014, 04:01:05 AM
 #25

Probably when it is at pennies.

I would buy the last coins for posterity.

http://www.bitpools.com
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porcupine87
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February 08, 2014, 04:03:05 AM
 #26

No price. It depends if you think it will rise again or not. When there is a panic like "China forbides to use the word Bitcoin in public" and the price will go to 50$, this would be a dream. I would buy. If all OECD-states ban Bitcoin, this would be a "not so good". Fortunatelly there are more states in the world.

"Morality, it could be argued, represents the way that people would like the world to work - whereas economics represents how it actually does work." Freakonomics
Holliday
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February 08, 2014, 04:05:28 AM
 #27

I've been saying, "Oh shit!" pretty much every day for a few years now.

If you aren't the sole controller of your private keys, you don't have any bitcoins.
adamstgBit
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February 08, 2014, 04:08:48 AM
 #28

I've been saying, "Oh shit!" pretty much every day for a few years now.
+1

geri
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February 08, 2014, 04:11:20 AM
 #29

I'm all or nothing.

Unless I urgently need cash in USD and the price is 1/10 of what I bought it for. Oh shit!
jakedeez
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February 08, 2014, 04:13:29 AM
 #30

I've been saying, "Oh shit!" pretty much every day for a few years now.
+1

+2

NAUT: NXT-X9BJ-GFY4-7QBW-5Y7MS
BitcoinBobbeh
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February 08, 2014, 04:50:34 AM
 #31

I don't know what my "oh shit" level would be... lots of low projections on this post for whatever reason.

I would be shocked if the price went under $500 on this dip.

By the end of next month at the latest we will have permanently left behind 3 digits. You can quote me on this.
Honeypot
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February 08, 2014, 06:24:36 AM
 #32

0.000000001 USD.

chessnut
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February 08, 2014, 06:55:48 AM
 #33

I don't know what my "oh shit" level would be... lots of low projections on this post for whatever reason.

I would be shocked if the price went under $500 on this dip.
there's no knowing where it's going. - willy wonka
yeah there are just so many speculators and not enough commercials. the weight of a speculator crash could certainly bring it down to 350.

indiemax
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February 08, 2014, 07:42:00 AM
 #34

Don't care how low it goes

what i put in ,I can afford to lose Grin

Be surprised it it went to 0 as too many who would buy the cheap coins,so will always have a value

Oh, and for the trolls,this ain't a ponzi,

a ponzi dies on the first crash, no exceptions

Bitcoin will lose value because of weak hands responding to Government pressure and media FUD not because it's a bad idea
Nancarrow
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February 08, 2014, 08:16:26 AM
 #35

I don't have an "oh shit" price. Quite the contrary, the lower it goes the more urgently I'll try to find some spare GBP to buy more BTC.

What I do have is a (very mild) "oh shit" worry about the soundness of the bitcoin protocol. My confidence in Bitcoin is entirely based on what I've understood about the protocol (the mining, the validation, the consensus mechanism, the blockchain etc etc). If a fatal weakness gets discovered tomorrow I just hope I can cash out in time. Then again I've been following this for over two years now and every time I learn a bit more about the guts of Bitcoin, I'm more impressed.

IOW if I see the price is $50 tomorrow I'll hunt around and try to find out WHY. If it turns out someone's found a way to double-spend, or broken ecdsa, or the last twenty blocks in a row have all had a Merkle root spelling "LOLFAG" in ASCII, I'll sell toot sweet. If it's because MtGox has closed shop or someone's run off with online wallet funds or China's assassinated Gavin Andresen, I'll take advantage of the panic and buy, buy, buy.

If I've said anything amusing and/or informative and you're feeling generous:
1GNJq39NYtf7cn2QFZZuP5vmC1mTs63rEW
disclaimer201
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February 08, 2014, 08:37:05 AM
 #36

if it goes under 100$ Im taking as big a loan as I can get to buy as many as I can. thats my oh shit reaction. if its sub 300 Ill be full btc but no debt.

If it goes under 300 you should take the loan. If it goes under 100, you should get all out. Bitcoin would not recover from 100 and be perceived dead for real. It would absolutely crush bitcoin confidence.
polarhei
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February 08, 2014, 08:37:55 AM
 #37

Personal Secret price? Before I subscribe cloudhashing services, I have estimated the price tag comparing with others.

Currently If Under than USD 70 per 1 BTC, there is problem.
JimboToronto
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February 08, 2014, 08:52:44 AM
 #38

I've been saying, "Oh shit!" pretty much every day for a few years now.
+1000000

/thread
jake23l
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February 08, 2014, 09:04:00 AM
 #39

I've been saying, "Oh shit!" pretty much every day for a few years now.
+1000000

/thread

^^This. How many times have people thought it was the end?  Strong hands win every time.
Rampion
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February 08, 2014, 10:27:35 AM
 #40

If it goes below $300 I sell everything and invest in a different coin.



Please send me a PM then: I will buy all your coins.

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