fr33d0miz3r (OP)
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April 28, 2014, 04:11:41 PM |
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....wonder if we have had any Bitcoin suicides yet?
We have probably had at least Gox suicides already. But it's only the beginning.
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favelle75
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April 28, 2014, 04:24:34 PM |
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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...
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rjp55
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April 28, 2014, 04:36:32 PM |
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LOL at all the schadenfreude. Some of you need to look in the mirror.
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jdun
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April 28, 2014, 04:41:24 PM |
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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.
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tuneman1980
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April 28, 2014, 04:43:39 PM |
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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.phpWe are clearly not in a bubble. Unless something drastic happens right now it's buy time.
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http://cryptocoinstats.com/BTC: 19YQqtEdtuWhT6nk6ArBgMTiKMEjoJ5eww LTC: Li1RLpZm8Rx7txSnQdvZvtLMsd4XDN2vMJ FTC: 6qAU4vtyf9LPW4yV4m4Vx1jm4ZkXJHTFP7
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JHammer
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April 28, 2014, 05:15:16 PM |
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Please do not feed the DonkeyTroll that started this topic.. Its bad for his teeth...
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kireinaha
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April 28, 2014, 05:31:13 PM |
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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.
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Night gathers, and now my bitcoinwisdom watch begins.
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inca
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April 28, 2014, 05:39:13 PM |
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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.
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lonely@thetop
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April 28, 2014, 06:03:06 PM |
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So I should sell? Sell now? You telling me I won't be rich by HODLING? No wai.
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cbeast
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Let's talk governance, lipstick, and pigs.
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April 28, 2014, 08:06:11 PM |
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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.
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Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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JHammer
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April 28, 2014, 08:33:14 PM |
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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 $$$$$$$ ..
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Pente
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April 28, 2014, 08:59:52 PM |
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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.
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fr33d0miz3r (OP)
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April 28, 2014, 09:10:04 PM Last edit: April 28, 2014, 09:32:21 PM by fr33d0miz3r |
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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.
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Jcw188
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April 28, 2014, 09:14:20 PM |
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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.
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cbeast
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Let's talk governance, lipstick, and pigs.
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April 28, 2014, 09:14:28 PM |
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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.
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Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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fr33d0miz3r (OP)
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April 28, 2014, 09:16:55 PM Last edit: April 28, 2014, 09:30:26 PM by fr33d0miz3r |
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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.
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HappyFunnyFoo
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April 28, 2014, 09:27:47 PM |
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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?
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slapper
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Leading Crypto Sports Betting & Casino Platform
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April 28, 2014, 10:10:48 PM |
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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.
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BitCoinsLOL
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April 28, 2014, 10:10:57 PM |
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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.
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I never thought my life could be. Anything but catastrophe. But suddenly I begin to see. A "BIT" of good luck for me. Cause I've got a golden ticket!
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kireinaha
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April 28, 2014, 10:16:38 PM |
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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.
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Night gathers, and now my bitcoinwisdom watch begins.
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