Final warning for those who sold their house

[fr33d0miz3r]

....wonder if we have had any Bitcoin suicides yet?

We have probably had at least Gox suicides already. But it's only the beginning.

[favelle75]

You know what you and me have in common? Nobody cares about our calculations  

No problem, man. My goal is just to warn you. 

Well, at least you have goals...

[rjp55]

LOL at all the schadenfreude. Some of you need to look in the mirror.

[jdun]

I don't understand how we are in a 2nd year downtrend. From my understanding of the market, there has only been a downtrend for a few months. Prior to this year, it was mostly uptrend.

[tuneman1980]

Basing on my calculations, the fair price of 1 BTC is ~$0.13 now and it grows ~$0.015 (10%) per month.
Everything above it is a bubble.

Wow, I'd love to see your calculations.  Here's mine:

http://www.cryptocoinstats.com/priceforecaster.php

We are clearly not in a bubble.  Unless something drastic happens right now it's buy time.

[JHammer]

Please do not feed the DonkeyTroll that started this topic..    Its bad for his teeth... 

[kireinaha]

Is anyone on this forum a bull anymore? I can only think of a couple, such as risto.

I think the final warnings are finally getting through. All you can do is warn the people so many times, after that, it's up to them to take action.

[inca]

Is anyone on this forum a bull anymore? I can only think of a couple, such as risto.

I think the final warnings are finally getting through. All you can do is warn the people so many times, after that, it's up to them to take action.

Pathetic indeed.

[lonely@thetop]

So I should sell? Sell now? You telling me I won't be rich by HODLING? No wai.

[cbeast]

Some dude on bitcointalk sold his parents' house for BTC. He's currently significantly underwater.

Yep.

The grade A clown done it when Bitcoin was still in $600 range if I remember correctly. He is in for a whole lot more pain as well as this market is still in a continual deflationary spiral, relying on manipulated short squeezes to provide for the fleeting (yet voracious) rallys that intersperse the downwards grinding.

....wonder if we have had any Bitcoin suicides yet?

Idiots like you said the same thing about people that blew their life savings on the $255 bubble. They win. You lost. Don't be such a crybaby.

[JHammer]

Some dude on bitcointalk sold his parents' house for BTC. He's currently significantly underwater.

Yep.

The grade A clown done it when Bitcoin was still in $600 range if I remember correctly. He is in for a whole lot more pain as well as this market is still in a continual deflationary spiral, relying on manipulated short squeezes to provide for the fleeting (yet voracious) rallys that intersperse the downwards grinding.

....wonder if we have had any Bitcoin suicides yet?

Idiots like you said the same thing about people that blew their life savings on the $255 bubble. They win. You lost. Don't be such a crybaby.

+1

hahahahahahahah    Exactly..


And thus the REAL Reason as to why all these DonekyTrolls keep posting this stuff over and over and over.




I did not get rich last Nov.. But I did make some prety good $$$$$$$      ..

[Pente]

Basing on my calculations, the fair price of 1 BTC is ~$0.13 now and it grows ~$0.015 (10%) per month.
Everything above it is a bubble.

Even with that low valuation, but 10% growth per month, means that the value more than triples every year. So in 10 years, thanks to the magic of compound numbers, that $0.13 will be $12052.17

Value in ten years = $0.13 * (1.1^120)

Oh, and in 20 years, a bitcoin will break the billion dollar mark, at least by your formula.

[fr33d0miz3r]

Even with that low valuation, but 10% growth per month, means that the value more than triples every year. So in 10 years, thanks to the magic of compound numbers, that $0.13 will be $12052.17

It's in 10 years, not the next 2 years.
If you have balls to hold for 10 years and look at how your btc worth goes to nothing during this period before recovering, no problem.

[Jcw188]

Some dude on bitcointalk sold his parents' house for BTC. He's currently significantly underwater.

Yep.

The grade A clown done it when Bitcoin was still in $600 range if I remember correctly. He is in for a whole lot more pain as well as this market is still in a continual deflationary spiral, relying on manipulated short squeezes to provide for the fleeting (yet voracious) rallys that intersperse the downwards grinding.

....wonder if we have had any Bitcoin suicides yet?

Honestly, I bet we have had Bitcoin suicides, and it is a sad thing.  It is just like gambling when the price is so volatile.

[cbeast]

Basing on my calculations, the fair price of 1 BTC is ~$0.13 now and it grows ~$0.015 (10%) per month.
Everything above it is a bubble.

Even with that low valuation, but 10% growth per month, means that the value more than triples every year. So in 10 years, thanks to the magic of compound numbers, that $0.13 will be $12052.17

Value in ten years = $0.13 * (1.1^120)

Oh, and in 20 years, a bitcoin will break the billion dollar mark, at least by your formula.

Using continuous compound interest I get $21,158.12 in ten years.

[fr33d0miz3r]

Oh, and in 20 years, a bitcoin will break the billion dollar mark, at least by your formula.

In 20 years we'll already break this trend and probably stabilize.

But nevermind. I'm just trolling. I really don't know wtf will be going on with the price.

[HappyFunnyFoo]

Bitcoin has close to $0 intrinsic value per coin and is functionally a money order. Who would be stupid enough to stake their retirement on it?

[slapper]

Bitcoin has close to $0 intrinsic value per coin and is functionally a money order. Who would be stupid enough to stake their retirement on it?

I guess you have not been exposed to used-bitcoin salesmen, a trade worse than used-car salesmen in these times.

[BitCoinsLOL]

Just a reminder that we are entering the 2-year downtrend now. Remember: financial decisions based on nothing but emotions are not good decisions. How will you feel when your 648 coins will worth about $1296?

Bitcoin is worth what people are willing to pay for it where heck did you come up with this anyway. Saying there's a downtrend just doesn't cut it as due diligence. Show me some data to back up what you say and I'll at least give you some credit. So many people just start posts saying what BTC will do but never back up what they say.

[kireinaha]

Just a reminder that we are entering the 2-year downtrend now. Remember: financial decisions based on nothing but emotions are not good decisions. How will you feel when your 648 coins will worth about $1296?

Believe what you want, but all the SMART money is now buying up these cheap coins. One year from now, after another ATH and the inevitable downturn thereafter, you'll be writing the same FUD, while the bulls will be relaxing on their yachts in the Mediterranean.