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Author Topic: What is your personal "oh shit" price?  (Read 3699 times)
klondike_bar
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February 08, 2014, 04:25:02 PM
 #41

below $600 I may buy some more
below $400 I WILL buy more.

*assuming the drop is due to market jitters and weak hands, rather than major bad news

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GigaCoin
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February 08, 2014, 06:24:52 PM
 #42

I bought my bitcoin investment stash in April 2013 so u can figure out when I start sweating Tongue . Still hodling ever since.

Ive been buying on dips since november, and will buy more soon, however any new btc I buy goes for investments in other stocks or coins or for purchasing goods and services.


klondike_bar
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February 08, 2014, 07:30:41 PM
 #43

I bought my bitcoin investment stash in April 2013 so u can figure out when I start sweating Tongue . Still hodling ever since.

Ive been buying on dips since november, and will buy more soon, however any new btc I buy goes for investments in other stocks or coins or for purchasing goods and services.

Is there some weird 'hodling' meme going on in the economics section, or is it simply a lack of coordination in bitcoin owners?

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practicaldreamer
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February 08, 2014, 07:47:42 PM
 #44

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.

That pretty much sums up my attitude also.
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February 08, 2014, 08:24:35 PM
 #45

I guess about 3900 USD/BTC.
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February 08, 2014, 09:13:00 PM
 #46

I see we are nearing the "Capitulation" stage based on the thread subject...
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February 08, 2014, 09:22:01 PM
 #47

There is no definite "oh shit" price for me, it all depends on how fast it drops to that "oh shit" price
If I were to give it a real number...
Judging from the responses here, there is great support around $200-$300, so "oh shit" price would probably be $150

Mythul
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February 08, 2014, 09:38:17 PM
 #48

$100 for me.

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DPoS
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February 08, 2014, 09:45:06 PM
 #49

you guys are doing it wrong..  spend your coins on 'stuff' & let coinbase/bitpay absorb the losses as it gets overspent.. then pick them back up 40% lower and repeat

you aren't spending bitcoins.. you are spending that andreesen dude's money




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February 08, 2014, 10:25:44 PM
 #50

100€ is where i bought

but dont care. its just 100€
cbeast
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February 08, 2014, 11:11:50 PM
 #51

I had my moment of doubt once. It was a costly mistake. Never again. Bitcoin will never fail as long as there is greed in men's hearts.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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February 09, 2014, 12:26:30 AM
 #52

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.

You wily old fox. Haven't heard much from you lately.

Seems you've accepted the fact that $300 would be silly cheap now. Last time I remember you posting, you were waiting for $30 capitulation.  Smiley

Don't let Shroomsie know you're here.  Grin
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February 09, 2014, 12:27:45 AM
 #53

$550 is oh shit price. If it hits $500 i am going to throw some more money at it...
JimboToronto
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February 09, 2014, 12:32:55 AM
 #54

Is there some weird 'hodling' meme going on in the economics section, or is it simply a lack of coordination in bitcoin owners?

It started with a whiskey-soaked rant on the night of the December 2013 "crash".

https://bitcointalk.org/index.php?topic=375643.0

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February 09, 2014, 01:43:57 AM
 #55

i don't have one, because at -ve$ people will give me BTC for nothing which would be my ideal situation.

Admitted Practicing Lawyer::BTC/Crypto Specialist. B.Engineering/B.Laws

https://www.binance.com/?ref=10062065
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February 09, 2014, 03:58:30 AM
 #56

As per the title, what price is likely to have you getting a little sweat on?

For me I'd be a little disappointed with $400, mildly aggrieved with $300 and my shitty moment would be somewhere just below $200.

I really thought about this ... and my answer is either:

1. $0 -- Oh shit, they figured out something so terribly wrong that we can't even roll back to some earlier version (the probability of this is so negligible that I don't even worry about it)

2. $10,000 -- Oh shit, we didn't innovate technologies using the Blockchain fast enough and hyperinflation is here now (judging by how fast things are moving ... ethereum, bitcongress, NXT, Mastercoin, ColoredCoin, OpenTransactions, BitMessage, Protoshares and so much else)... I'm getting less worried about this option as well.

Ibian
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February 09, 2014, 04:03:26 AM
 #57

2. $10,000 -- Oh shit, we didn't innovate technologies using the Blockchain fast enough and hyperinflation is here now (judging by how fast things are moving ... ethereum, bitcongress, NXT, Mastercoin, ColoredCoin, OpenTransactions, BitMessage, Protoshares and so much else)... I'm getting less worried about this option as well.
Deflation. Inflation is what fiat does. Bitcoin itself is technically inflationary until the last coin is mined, but adoption means the value is deflationary.

There is no bubble.
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February 09, 2014, 04:47:32 AM
 #58

$3.00 and $30,000.00
Everything in-between calls for popcorn.

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February 09, 2014, 04:57:27 AM
 #59

2. $10,000 -- Oh shit, we didn't innovate technologies using the Blockchain fast enough and hyperinflation is here now (judging by how fast things are moving ... ethereum, bitcongress, NXT, Mastercoin, ColoredCoin, OpenTransactions, BitMessage, Protoshares and so much else)... I'm getting less worried about this option as well.
Deflation. Inflation is what fiat does. Bitcoin itself is technically inflationary until the last coin is mined, but adoption means the value is deflationary.

I think he's referring to a potential global economic collapse devaluing fiat currencies to where BTC is $10,000 each with the fiat being hyper-inflated.

He was commenting on the rapid innovation using the blockchain that will sustain the utility of BTC under any circumstance.

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February 09, 2014, 06:42:37 PM
 #60

I hate this middle ground. Anything $100 - $600 is unpleasant. But I would LOVE < $100, since it means I can buy a ton more.

HODLing for the longest time. Skippin fast right around the moon. On a rocketship straight to mars.
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