Bitcoin Forum
December 09, 2016, 04:08:29 AM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: « 1 [2] 3 »  All
  Print  
Author Topic: Crash to $0.5 imminent. All bets are off.  (Read 5076 times)
Shinobi
Full Member
***
Offline Offline

Activity: 196


View Profile
October 17, 2011, 06:11:35 PM
 #21

You forget that we have a ways to go before reaching the 21M minting cap. There is nothing but hyperinflation below that point, unless some super serious money comes into the market - which won't.

_______
Thinking of using a cheap, yet reliable VPN? Go with PrivateInternetAccess. Not a referral link. Just a satisfied customer!
1481256509
Hero Member
*
Offline Offline

Posts: 1481256509

View Profile Personal Message (Offline)

Ignore
1481256509
Reply with quote  #2

1481256509
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481256509
Hero Member
*
Offline Offline

Posts: 1481256509

View Profile Personal Message (Offline)

Ignore
1481256509
Reply with quote  #2

1481256509
Report to moderator
Nesetalis
Sr. Member
****
Offline Offline

Activity: 420



View Profile
October 18, 2011, 05:37:50 AM
 #22

no, not hyperinflation... the end of the year it drops down to about 3500~ coins per day.. a while after that, 1750~... if there are more people buying than are produced, suddenly you got deflation, as we saw when silk road was published all over the web. Then new people stopped coming, and guess what? the trend toward inflation continued.
This here looks like panic sells... selling your money while its worthless? BRILLIANT!

ZOMG Moo!
Mageant
Legendary
*
Offline Offline

Activity: 1082



View Profile WWW
October 18, 2011, 01:57:22 PM
 #23

If it drops to $0.5 I will scrape together every bit of $ I have through selling stuff and borrowing and will be able to buy *thousands* of Bitcoins easily!  That would actually be pretty cool, since I missed out on early adopter prices.  Smiley I think that many other people like me could do so too, so probably it wouldn't go that low. Every geek could afford to buy significant amounts of bitcoins then.

  ►  NEW ECONOMY MOVEMENT  ◄ 
  100% built from scratch • revolutionary forging mechanism • fairly distributed

BIETCOIN.DE - Kleinanzeigenmarkt für Bitcoin
netrin
Sr. Member
****
Offline Offline

Activity: 322


FirstBits: 168Bc


View Profile
October 18, 2011, 03:25:52 PM
 #24

You forget that we have a ways to go before reaching the 21M minting cap. There is nothing but hyperinflation below that point, unless some super serious money comes into the market - which won't.

We have actually experienced hyperinflation (Cagan, 1956) the past month even if you throw out the two days with the highest and lowest prices. However, the depreciation can not be attributed to monetary inflation. The bitcoin supply increases 0.1% daily, while we've experienced 1.5% daily depreciation since June. The effect of monetary inflation (mining supply) is orders of magnitude less than fluctuations in demand and volatility.

In other words, we'd need to be mining fifteen times as many coins before supply were a significant factor in exchange price. We'd need to generate a block every 45 seconds or 750 coins per block.

Greenlandic tupilak. Hand carved, traditional cursed bone figures. Sorry, polar bear, walrus and human remains not available for export.
the founder
Sr. Member
****
Offline Offline

Activity: 448


Bitcoin


View Profile WWW
October 18, 2011, 03:35:10 PM
 #25

this hurts my 35 BTC  Embarrassed

but now i don't sell for sure, anyway to late.

somewhere someone has pushed a shiiiitload of BTC into the market..


There's 7200 new ones every day so yeah...there's a lot coming in and not enough interest for them. 

You're not allowed to say that...  you are supposed to say that what Satoshi built was perfect and has no error...  even if we print faster than Zimbabwe used to.

 

Bitcoin RSS App / Bitcoin Android App / Bitcoin Webapp http://www.ounce.me  Say thank you here:  1HByHZQ44LUCxxpnqtXDuJVmrSdrGK6Q2f
netrin
Sr. Member
****
Offline Offline

Activity: 322


FirstBits: 168Bc


View Profile
October 18, 2011, 04:05:44 PM
 #26

Why do you enjoy spreading bullshit? Bitcoins are not produced at a higher rate than ANY national fiat currency that experienced hyperinflation by orders of magnitude!

Greenlandic tupilak. Hand carved, traditional cursed bone figures. Sorry, polar bear, walrus and human remains not available for export.
Torque
Legendary
*
Offline Offline

Activity: 924



View Profile
July 30, 2014, 06:20:48 PM
 #27

Funny.  I still can't get over the fact that 99% of the posters on these old threads are still on bitcointalk, but no longer bother to post in the Speculation subforum.

So what does that tell us?  

(And before you say the obvious "Well, because they're rich now!", no.  Just NO.  95% of them are not in the slightest, they pissed most of it all away years ago.  If they were bitcoin rich, they wouldn't bother logging in to bitcointalk at all.)
fonsie
Sr. Member
****
Offline Offline

Activity: 434



View Profile
July 30, 2014, 07:00:05 PM
 #28

You forget that we have a ways to go before reaching the 21M minting cap. There is nothing but hyperinflation below that point, unless some super serious money comes into the market - which won't.

priceless  Grin

I decided to no longer use a signature, because people were trolling me about it.
r0ach
Hero Member
*****
Offline Offline

Activity: 994



View Profile
July 31, 2014, 06:54:52 PM
 #29

(And before you say the obvious "Well, because they're rich now!", no.  Just NO.  95% of them are not in the slightest, they pissed most of it all away years ago.  If they were bitcoin rich, they wouldn't bother logging in to bitcointalk at all.)

Yep, that part is true.  One of my friends had something like 1600 and sold them all for $2 each.

TheNewAnon135246
Legendary
*
Offline Offline

Activity: 1120


✔ LuckyBit Marketing Manager


View Profile WWW
July 31, 2014, 06:57:09 PM
 #30

(And before you say the obvious "Well, because they're rich now!", no.  Just NO.  95% of them are not in the slightest, they pissed most of it all away years ago.  If they were bitcoin rich, they wouldn't bother logging in to bitcointalk at all.)

Yep, that part is true.  One of my friends had something like 1600 and sold them all for $2 each.

Haha I bet you give him a hard time over that every now and then Tongue.

The original falling coin game
LuckyBit Rainbow Raffle



               ▄██▄
              ▄█▀ ▐▌
                               ▄▄▄▄▄▄▄▄▄▄█
        ▄▄   ▐█   ▐▌                            ▄▀▀        █▀▀▄▄
      ▄▀    ▄█    █                          ▄▀          █    ▀█
     ▐▌     █▀   █▀                         ▐▌          █      █      
     ▐▌    ▐▌  ▄▀                           █          █▀    ▄█▀      █▐▌
      ▀▄   █ ▄▀                              █   ▄▀   █▀▀▀██▀    ▐▌ ▄█▄█▄
        ▀▀██▀   ▐█  ▐█  ▄█▀█ █▌▄██▄  █   █     ▀▀▀    █▀     ▀█     ▐▌█
         ▄█▌    █▀  █  ▄█  ▀▐█▀ ▄▀  █▌  █            █▀       ▐█ ▐█  ██
     ▄▄▄▄█▀    ▐▌  █▀ ▄█    █▌▄▀   ██  █▌  ▄▄▄▄▄    █▀         █ █▌ ▐█  ▌
 ▄██▀▀▀███▄▄   █  ██ ▄▀█   ██ █   ██  ██  ▄█    ▀▀▄█▀         █▌▐█ ▄█  █
▄▀    ▄█   ▀▀▀▄▀▀▀ ▀▀  ▀▄▄▀▀▀  ▀▄▀ ▀▀▀▄█▄▀ ▀▄   ▄█▀▀▀▄▄    ▄█▀▀  ▀▀  ▀▀
▀▄▄▄▄█▀        ▀▄                  ▄▄▄█      ▀▀▀       ▀▀▀▀
  ▀▀            ▐▌              ▄▀▀ ▄█
                              █   ▄▀
                              ▀▄▄▀▀
Suspense - Community - Prizes
Play different.
DjPxH
Full Member
***
Offline Offline

Activity: 210


View Profile
July 31, 2014, 07:00:02 PM
 #31

You forget that we have a ways to go before reaching the 21M minting cap. There is nothing but hyperinflation below that point, unless some super serious money comes into the market - which won't.

priceless  Grin

Are you the same fonsie that's spelled 'fonzie'? The one who is a newly converted bull and used to be a perma-bear? Things are starting to become a bit confusion around here!

▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
PRIMEDICE
The Premier Bitcoin Gambling Experience @PrimeDice
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
rocks
Legendary
*
Offline Offline

Activity: 1153


View Profile
July 31, 2014, 07:07:07 PM
 #32

If it drops to $0.5 I will scrape together every bit of $ I have through selling stuff and borrowing and will be able to buy *thousands* of Bitcoins easily!  That would actually be pretty cool, since I missed out on early adopter prices.  Smiley I think that many other people like me could do so too, so probably it wouldn't go that low. Every geek could afford to buy significant amounts of bitcoins then.


Love this, $4 BTC considered as missing out on the early adopter phases and $0.50 BTC as the go all in price.

Just remember, we have several more magnitudes of order to go in adoption. In 2020 $500 BTC will be considered unfair early adopter prices.
bassclef
Hero Member
*****
Offline Offline

Activity: 910



View Profile
July 31, 2014, 07:21:47 PM
 #33

(And before you say the obvious "Well, because they're rich now!", no.  Just NO.  95% of them are not in the slightest, they pissed most of it all away years ago.  If they were bitcoin rich, they wouldn't bother logging in to bitcointalk at all.)

Yep, that part is true.  One of my friends had something like 1600 and sold them all for $2 each.

Haha I bet you give him a hard time over that every now and then Tongue.

Considering he'd be a millionaire with that amount today, probably not a great idea to rub it in.
Mageant
Legendary
*
Offline Offline

Activity: 1082



View Profile WWW
July 31, 2014, 09:25:52 PM
 #34

Funny.  I still can't get over the fact that 99% of the posters on these old threads are still on bitcointalk, but no longer bother to post in the Speculation subforum.

So what does that tell us?  

(And before you say the obvious "Well, because they're rich now!", no.  Just NO.  95% of them are not in the slightest, they pissed most of it all away years ago.  If they were bitcoin rich, they wouldn't bother logging in to bitcointalk at all.)

I'm still here and still have a significant portion of my Bitcoins. Smiley

  ►  NEW ECONOMY MOVEMENT  ◄ 
  100% built from scratch • revolutionary forging mechanism • fairly distributed

BIETCOIN.DE - Kleinanzeigenmarkt für Bitcoin
giveBTCpls
Sr. Member
****
Offline Offline

Activity: 322


View Profile
August 01, 2014, 05:29:01 PM
 #35

Fuck sakes. This really fucks with my mind big time. Seeing all these old posts it's like a double edged sword. In a way, I feel extremely depressed about the fact I wasn't lucky enough to be on a position to be aware of Bitcoin and invest slash mine these when it was worth peanuts. At the same time, I feel like maybe in 10 years I can laugh at the posts that said 10K per BTC is impossible while BTC is about to hit 11K  Grin

Wandererfromthenorth
Hero Member
*****
Offline Offline

Activity: 686



View Profile
August 01, 2014, 05:34:11 PM
 #36

Fuck sakes. This really fucks with my mind big time. Seeing all these old posts it's like a double edged sword. In a way, I feel extremely depressed about the fact I wasn't lucky enough to be on a position to be aware of Bitcoin and invest slash mine these when it was worth peanuts. At the same time, I feel like maybe in 10 years I can laugh at the posts that said 10K per BTC is impossible while BTC is about to hit 11K  Grin
BTC is still in very very early stages so it is possible.

giveBTCpls
Sr. Member
****
Offline Offline

Activity: 322


View Profile
August 01, 2014, 07:52:27 PM
 #37

Fuck sakes. This really fucks with my mind big time. Seeing all these old posts it's like a double edged sword. In a way, I feel extremely depressed about the fact I wasn't lucky enough to be on a position to be aware of Bitcoin and invest slash mine these when it was worth peanuts. At the same time, I feel like maybe in 10 years I can laugh at the posts that said 10K per BTC is impossible while BTC is about to hit 11K  Grin
BTC is still in very very early stages so it is possible.



I hope so, I hope i can visit this thread 10 years from now in tears of joy :') I will be 35 by then but if im rich that will make up for being old. Oh fuck, please 10K please 10k  Embarrassed

ArticMine
Legendary
*
Offline Offline

Activity: 1806


Monero Core Team


View Profile
August 01, 2014, 09:02:31 PM
 #38

There, i said it.
 Grin

This was a mere 13 days after my first BTC purchase at a price of 5.38 CAD. According to this advice I should have panicked and sold, instead I held.  Wink

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
zakalwe
Full Member
***
Offline Offline

Activity: 196


View Profile
August 02, 2014, 06:05:50 AM
 #39

I follow btc since 2011 bubble but I bought some in September 2012 at 10.20$

Then I switched to LTC at .012$

The only way for both btc and LTC is up. No matter fluctuation in short time, if you watch the picture in middle time (1-3 years) it will go up and up. How high? Difficult to say. But this is why I'm sure about it:

- mining difficulty grows fast, it's more and more expensive to mine them both;
- international crisis (defaults, wars, banks crisis....sigh, reading my words makes me feel bad, but this is the world we're living in)
- wider adoption


Being used for fast and cheap medium of exchange and as a value store makes them the best choice as an investment.

Oh, I'm an hodler.

Except for those I used to buy two cars, one house (in Berlin, not here in Italy) 6 ASICS (Titan, I still have to receive them. I know, don't tell me nothing. But I did it because I was curious), and found a start up as incubator and crowd funding portal (which I hope will be online in October)
piramida
Legendary
*
Offline Offline

Activity: 994



View Profile
August 02, 2014, 08:22:09 AM
 #40

I will be 35 by then but if im rich that will make up for being old.

Old? Oh shut the fuck up you can't yet appreciate even 10% of what life has to offer Smiley 35 is not old, it is the end of preparation and beginning of life Wink

As for the topic, this threads make me sad as I, together with other silly posters here, thought "just let it hit sub-$1 prices I'll be so buying all then" instead, of course, of buying all at $3 or $5 or even at "damn overpriced no way this price is going to hold" $17 Smiley

i am satoshi
Pages: « 1 [2] 3 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!