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removebeforeflight
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August 02, 2014, 06:27:44 PM |
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Good post; this is all about adoption and
recognition. And both keep on growing.
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Razick
Legendary
 Offline
Activity: 1330
Merit: 1002
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August 02, 2014, 08:25:55 PM |
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The cost of each coin is around 600 dollars. So you will lose 600 dollars per coin if bitcoin become useless.
And how, pray tell, might bitcoin become useless? My breath is bated. The only thing I can see happening is a major weakness being discovered that either can't be fixed easily, or causes to much loss before it is fixes; or something else much better being invented. I don't see either happening in the next year or so, but who knows. |
ACCOUNT RECOVERED 4/27/2020. Account was previously hacked sometime in 2017. Posts between 12/31/2016 and 4/27/2020 are NOT LEGITIMATE.
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Habeler876
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August 02, 2014, 09:10:58 PM |
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The cost of each coin is around 600 dollars. So you will lose 600 dollars per coin if bitcoin become useless.
And how, pray tell, might bitcoin become useless? My breath is bated. How about this: either through government blackouts or acts of God (  ), widespread loss of internet access. If price is linked to network size and utility, well then, that presents an ugly scenario for price. |
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cbeast
Donator
Legendary
Offline
Activity: 1736
Merit: 1002
Let's talk governance, lipstick, and pigs.
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August 02, 2014, 09:30:23 PM |
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The cost of each coin is around 600 dollars. So you will lose 600 dollars per coin if bitcoin become useless.
And how, pray tell, might bitcoin become useless? My breath is bated. How about this: either through government blackouts or acts of God ( ), widespread loss of internet access. If price is linked to network size and utility, well then, that presents an ugly scenario for price. Don't forget nuclear annihilation or alien invasion. |
Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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BTCtrader71
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August 03, 2014, 12:41:54 AM |
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The cost of each coin is around 600 dollars. So you will lose 600 dollars per coin if bitcoin become useless.
And how, pray tell, might bitcoin become useless? My breath is bated. How about this: either through government blackouts or acts of God ( ), widespread loss of internet access. If price is linked to network size and utility, well then, that presents an ugly scenario for price. Don't forget nuclear annihilation or alien invasion. Don't forget SHARKNADO! |
BTC: 14oTcy1DNEXbcYjzPBpRWV11ZafWxNP8EU
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byronbb
Legendary
Offline
Activity: 1414
Merit: 1000
HODL OR DIE
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August 03, 2014, 01:53:59 AM |
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Whenever you see a discount for using bitcoin it means someone is willing to pay more than spot for coins. This is a very good way to acquire coins off exchange. While there is some slippage in the short term, in the longer term, the market remains untouched, ie one's buying does not move the market higher. This is how the smart guys are acquiring coins right now. They are making deals with online retailers and willing to pay a slight premium over the very exchange price they are stomping with shorts.
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Zohann
Member
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Activity: 92
Merit: 10
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August 03, 2014, 02:25:18 AM |
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I've invested over 90k, and still am buying... and I'm underwater on it.. But WTF.. it drops to 300 I'll just buy 90K more... I don't see EC being broken anytime soon.
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Habeler876
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August 03, 2014, 06:29:54 AM |
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I've invested over 90k, and still am buying... and I'm underwater on it.. But WTF.. it drops to 300 I'll just buy 90K more... I don't see EC being broken anytime soon.
Sounds good man. But $90k just isn't gonna go that far. How about $900k? That might make a bit of a dent in this sell pressure.  |
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Zohann
Member
Offline
Activity: 92
Merit: 10
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August 03, 2014, 06:40:14 AM |
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I've invested over 90k, and still am buying... and I'm underwater on it.. But WTF.. it drops to 300 I'll just buy 90K more... I don't see EC being broken anytime soon.
Sounds good man. But $90k just isn't gonna go that far. How about $900k? That might make a bit of a dent in this sell pressure. I hear ya.. I ain't trying to hold up the market by any means and don't have the funds to do so... but collectively I think there's many more that want in BTC than out.. "Do what you will, the capital is at hazzard". |
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qwerty555
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August 03, 2014, 08:58:31 AM |
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Aug 1 st was approx $50 million of speculative money that will be in for at least the medium term as this is the 1st day in a while the average trade in $ was significantly higher than the currently $50M ish daily average ....since July 1 and 2. They will also buy steadily in drops in price. If it ever gets to $400 ( unlikely) even smaller players like me will buy in again substantially..raising the price again. I do not think that a drop to $400 is a realistic possibility given current conditions and it is more likely that after the weaker holders have been shaken out around the $600 level the next push upward to test $700 will kick in. https://bitcointalk.org/index.php?topic=635667.msg7082530#msg7082530Accumulation by big players continues and they will not sell in the medium term unless uber bad news hits the fan (like another exchange folding up) http://www.quandl.com/BCHAIN/ETRVU-Bitcoin-Estimated-Transaction-Volume-USD |
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