I've Never Been More Bullish

[Razick]

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.

[Habeler876]

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.

[cbeast]

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.

[BTCtrader71]

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!

[byronbb]

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.

[Zohann]

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.

[Habeler876]

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.

[Zohann]

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".

[qwerty555]

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#msg7082530

Accumulation 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