inca
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September 05, 2014, 05:03:56 PM |
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so that stop loss at 488 get triggered newbie? or you close before that big buy this morning?
Quite. You can be darned sure that no one predicting the demise of bitcoin has any other motivation than acquiring lots for themselves at a lower price.
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qwerty555
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September 06, 2014, 04:59:35 AM Last edit: September 06, 2014, 05:56:54 AM by qwerty555 |
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I'm going to make the call right now, and this isn't coming from some troll. But I believe bitcoin will hit sub $100, possibly sub $50 before anything further interesting develops. By all means, as a trader, I wish it hits $5000 or $10,000 in the next 3 days. But I just don't see exponential development in the near future... the long run, who knows though.
I mean, wall street thinks bitcoin is overbought, overpriced, unsustainable. The average citizen isn't crazy about bitcoin at all. You ask the average Joe if they plan on buying bitcoin in the future and you get a melancholy "no". You ask a smart ass in the streets about bitcoin and his answer is "the [expletivie] is that?" You explain it and his response is well that is "[expletive] stupid".
Institutions are already in on it. Speculators are looking to make a quick buck only. Then there are cultists, which is a super minority, and they believe in a whole bunch of unrealistic possibility. The problem with mass adoption is that why would someone go through all this trouble to buy bitcoins, only to spend it on a blu-ray player they could have just bought with their visa.
It seems like only select intelligent people truly believe in bitcoin, and intelligent people are few and far between in this world.
From June 2011..another person who didn't/doesn't get it and need to do their homework in order to understand. http://www.forbes.com/sites/timworstall/2011/06/20/so-thats-the-end-of-bitcoin-then/It’s difficult to see what the currency has going for it. https://bitcointalk.org/index.php?topic=759601.msg8593755#msg8593755I'll add one get some good deals with Bitcoin like the Labor Day Sale at Newegg 75 dollars off 300 bucks 150 off 500 bucks is a deal ^^ http://www.newegg.ca/bitcoin
A good example of discounts..and ill add the 2.5 Billion un-banked/ under banked that can now get a Xapo card and buy on line. It is a BIG deal as our #1 domestic airline has promos/discounts (up to 66%+) every month but you can only avail if a) you buy with a card online which more than 76% of the population do not have or b) Pay at one of very few outlets with a 6 or 7 pm cut off. ( or Banks with a 4-5pm cut off and many banks have a 30min+ queue)Top 5 potential uses which are available and gaining momentum. 1 remittance abroad 540 Billion/yr market .. faster and cheaper in most cases particularly in Africa. 2 Business travelers save money when using Xapo compared to a credit/ debit card in 90% of cases https://bitcointalk.org/index.php?topic=736643.msg8554196#msg85541963 Allowing the unbanked to buy on line and avail of large discounts and wider choice and giving merchants a better deal http://www.entrepreneur.com/article/2370264 allowing all and particularly the unbanked the convenience of paying bills online/via sms https://www.google.com.ph/search?q=paying+bills+with+bitcoin&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-US:official&client=firefox-a&channel=sb&gfe_rd=cr&ei=0KEKVK_TLc-CmAL_4YE45 Storing value in countries with high inflation rates/banking crises and political instability eg Ukraine/ Argentina/Cyprus. and remember bitcoin is still very much in its infancy.
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Xiaoxiao (OP)
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September 06, 2014, 05:51:44 AM |
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I understand bitcoin. I'm saying, it is just as likely to hit $5,000 or sub $100. Bitcoin will never be adopted massively. because the masses and bitcoin are oxymorons. Modern banking institutions aka the govt's will never have it where bitcoin can be adopted massively.
Sure bitcoin can be mass adopted when/if the bankers buy entire network and own bitcoin. And take over the miners. The era of exponential growth might just be ending nowadays, or at least for a long long time...
And lol at anonymity argument, it's not anonymous anymore.
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qwerty555
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September 06, 2014, 06:18:02 AM |
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It is hard to believe $100...if it gets to $300 massive buying will be the likely response..including a small player like myself. Equally $5,000 is unlikely in the medium term..but if 10% of the unbanked eventually start using over the next 3 years ( 250 million) and have just .2 of a coin each that requires 50 million coins ( which do not exist ever) or fewer coins with a corresponding increase in fiat value .. Bitpay has a 33 fold increase in merchant adoption target to 1 million by end 2016 these are just 2 of the many uses so what is the likelihood of a drop to $100..pretty slim?
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Febo
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September 06, 2014, 12:21:30 PM |
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It is hard to believe $100...if it gets to $300 massive buying will be the likely response..including a small player like myself. Equally $5,000 is unlikely in the medium term..but if 10% of the unbanked eventually start using over the next 3 years ( 250 million) and have just .2 of a coin each that requires 50 million coins ( which do not exist ever) or fewer coins with a corresponding increase in fiat value .. Bitpay has a 33 fold increase in merchant adoption target to 1 million by end 2016 these are just 2 of the many uses so what is the likelihood of a drop to $100..pretty slim?
why you think would be massive buy at 300, and was not at 500?
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dakota neat
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September 06, 2014, 12:34:18 PM |
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I understand bitcoin. I'm saying, it is just as likely to hit $5,000 or sub $100. Bitcoin will never be adopted massively. because the masses and bitcoin are oxymorons. Modern banking institutions aka the govt's will never have it where bitcoin can be adopted massively.
Sure bitcoin can be mass adopted when/if the bankers buy entire network and own bitcoin. And take over the miners. The era of exponential growth might just be ending nowadays, or at least for a long long time...
And lol at anonymity argument, it's not anonymous anymore.
Views of a system slave Alone the usefulness of bitcoin for the dark web black market gives bitcoin a value of hundreds of dollars.
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nuff
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September 06, 2014, 12:55:53 PM |
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I understand bitcoin. I'm saying, it is just as likely to hit $5,000 or sub $100. Bitcoin will never be adopted massively. because the masses and bitcoin are oxymorons. Modern banking institutions aka the govt's will never have it where bitcoin can be adopted massively.
Sure bitcoin can be mass adopted when/if the bankers buy entire network and own bitcoin. And take over the miners. The era of exponential growth might just be ending nowadays, or at least for a long long time...
And lol at anonymity argument, it's not anonymous anymore.
No you don't, and you just reiterated that fact. When you say it's likely to hit sub $100, you just lost all credibilty to those who understand why bitcoin is so valuable and that it is insanely undervalued at the moment. When people realize just how difficult and costly it is now to mine bitcoins, they would've bought as much as they can afford. If bitcoin were to fall below $100 it would've done so long ago, but it hasn't because of natural market resilience. You don't have to go far, let it fall sub $400 and watch how many buy orders going in that price will almost immediately go up again. I guarantee you there's no chance in hell you're going to be able to buy bitcoins below $400 now.
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qwerty555
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September 06, 2014, 01:00:30 PM |
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It is hard to believe $100...if it gets to $300 massive buying will be the likely response..including a small player like myself. Equally $5,000 is unlikely in the medium term..but if 10% of the unbanked eventually start using over the next 3 years ( 250 million) and have just .2 of a coin each that requires 50 million coins ( which do not exist ever) or fewer coins with a corresponding increase in fiat value .. Bitpay has a 33 fold increase in merchant adoption target to 1 million by end 2016 these are just 2 of the many uses so what is the likelihood of a drop to $100..pretty slim?
why you think would be massive buy at 300, and was not at 500? it is a buy at 500 and I have bought as have others......I can afford to buy more at 300 than at 500 and I suspect than many are in the same position..this is purely because with my mid term target price near to the previous ath of 1,000 ish..the mid term risk reward ratio is higher at 300 ( +200%) than 500 ( +100%). Should/when it reaches 1,000 I would re assess market indicators and decide whether to sell ( all or some, with the clear intention of buying back in on dips) or hold.for a better price. Obviously if your not a believer or have different targets and financial capacity the price when you would add substantially to current holdings may differ.
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falllling
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September 06, 2014, 01:02:59 PM |
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I understand bitcoin. I'm saying, it is just as likely to hit $5,000 or sub $100. Bitcoin will never be adopted massively. because the masses and bitcoin are oxymorons. Modern banking institutions aka the govt's will never have it where bitcoin can be adopted massively.
Sure bitcoin can be mass adopted when/if the bankers buy entire network and own bitcoin. And take over the miners. The era of exponential growth might just be ending nowadays, or at least for a long long time...
And lol at anonymity argument, it's not anonymous anymore.
No you don't, and you just reiterated that fact. When you say it's likely to hit sub $100, you just lost all credibilty to those who understand why bitcoin is so valuable and that it is insanely undervalued at the moment. When people realize just how difficult and costly it is now to mine bitcoins, they would've bought as much as they can afford. If bitcoin were to fall below $100 it would've done so long ago, but it hasn't because of natural market resilience. You don't have to go far, let it fall sub $400 and watch how many buy orders going in that price will almost immediately go up again. I guarantee you there's no chance in hell you're going to be able to buy bitcoins below $400 now. when bitcoin at the $1000 bubble, people said $500 is impossible, well we found out even $400 can be broke
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blatchcorn
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September 06, 2014, 01:11:46 PM |
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I understand bitcoin. I'm saying, it is just as likely to hit $5,000 or sub $100. Bitcoin will never be adopted massively. because the masses and bitcoin are oxymorons. Modern banking institutions aka the govt's will never have it where bitcoin can be adopted massively.
Sure bitcoin can be mass adopted when/if the bankers buy entire network and own bitcoin. And take over the miners. The era of exponential growth might just be ending nowadays, or at least for a long long time...
And lol at anonymity argument, it's not anonymous anymore.
No you don't, and you just reiterated that fact. When you say it's likely to hit sub $100, you just lost all credibilty to those who understand why bitcoin is so valuable and that it is insanely undervalued at the moment. When people realize just how difficult and costly it is now to mine bitcoins, they would've bought as much as they can afford. If bitcoin were to fall below $100 it would've done so long ago, but it hasn't because of natural market resilience. You don't have to go far, let it fall sub $400 and watch how many buy orders going in that price will almost immediately go up again. I guarantee you there's no chance in hell you're going to be able to buy bitcoins below $400 now. when bitcoin at the $1000 bubble, people said $500 is impossible, well we found out even $400 can be broke Where are your sources? You were not even a member when Bitcoin was $1000...
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falllling
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September 06, 2014, 01:15:44 PM |
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I understand bitcoin. I'm saying, it is just as likely to hit $5,000 or sub $100. Bitcoin will never be adopted massively. because the masses and bitcoin are oxymorons. Modern banking institutions aka the govt's will never have it where bitcoin can be adopted massively.
Sure bitcoin can be mass adopted when/if the bankers buy entire network and own bitcoin. And take over the miners. The era of exponential growth might just be ending nowadays, or at least for a long long time...
And lol at anonymity argument, it's not anonymous anymore.
No you don't, and you just reiterated that fact. When you say it's likely to hit sub $100, you just lost all credibilty to those who understand why bitcoin is so valuable and that it is insanely undervalued at the moment. When people realize just how difficult and costly it is now to mine bitcoins, they would've bought as much as they can afford. If bitcoin were to fall below $100 it would've done so long ago, but it hasn't because of natural market resilience. You don't have to go far, let it fall sub $400 and watch how many buy orders going in that price will almost immediately go up again. I guarantee you there's no chance in hell you're going to be able to buy bitcoins below $400 now. when bitcoin at the $1000 bubble, people said $500 is impossible, well we found out even $400 can be broke Where are your sources? You were not even a member when Bitcoin was $1000... i will not search the source for you, you can deny this and claim people thought $500 is possible when they were posting train&moon&whatever at $1000 bubble i do remember one topic was laughing at people who hadn't bought at $1000 when the price was $1150 or something and telling them the train was leaving we now know bitcoin can drop to anywhere
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troisky
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September 06, 2014, 01:16:15 PM |
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Fallling, what will you do when we eventually are at 2000USD tho?
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falllling
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September 06, 2014, 01:19:21 PM |
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Fallling, what will you do when we eventually are at 2000USD tho?
you are in the downtrend to a much lower place, better talk about this at least when the price stop dropping
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blatchcorn
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September 06, 2014, 01:29:38 PM |
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I understand bitcoin. I'm saying, it is just as likely to hit $5,000 or sub $100. Bitcoin will never be adopted massively. because the masses and bitcoin are oxymorons. Modern banking institutions aka the govt's will never have it where bitcoin can be adopted massively.
Sure bitcoin can be mass adopted when/if the bankers buy entire network and own bitcoin. And take over the miners. The era of exponential growth might just be ending nowadays, or at least for a long long time...
And lol at anonymity argument, it's not anonymous anymore.
No you don't, and you just reiterated that fact. When you say it's likely to hit sub $100, you just lost all credibilty to those who understand why bitcoin is so valuable and that it is insanely undervalued at the moment. When people realize just how difficult and costly it is now to mine bitcoins, they would've bought as much as they can afford. If bitcoin were to fall below $100 it would've done so long ago, but it hasn't because of natural market resilience. You don't have to go far, let it fall sub $400 and watch how many buy orders going in that price will almost immediately go up again. I guarantee you there's no chance in hell you're going to be able to buy bitcoins below $400 now. when bitcoin at the $1000 bubble, people said $500 is impossible, well we found out even $400 can be broke Where are your sources? You were not even a member when Bitcoin was $1000... i will not search the source for you, you can deny this and claim people thought $500 is possible when they were posting train&moon&whatever at $1000 bubble i do remember one topic was laughing at people who hadn't bought at $1000 when the price was $1150 or something and telling them the train was leaving we now know bitcoin can drop to anywhere So basically you are just talking crap like usual. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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nuff
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September 06, 2014, 01:32:38 PM |
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I understand bitcoin. I'm saying, it is just as likely to hit $5,000 or sub $100. Bitcoin will never be adopted massively. because the masses and bitcoin are oxymorons. Modern banking institutions aka the govt's will never have it where bitcoin can be adopted massively.
Sure bitcoin can be mass adopted when/if the bankers buy entire network and own bitcoin. And take over the miners. The era of exponential growth might just be ending nowadays, or at least for a long long time...
And lol at anonymity argument, it's not anonymous anymore.
No you don't, and you just reiterated that fact. When you say it's likely to hit sub $100, you just lost all credibilty to those who understand why bitcoin is so valuable and that it is insanely undervalued at the moment. When people realize just how difficult and costly it is now to mine bitcoins, they would've bought as much as they can afford. If bitcoin were to fall below $100 it would've done so long ago, but it hasn't because of natural market resilience. You don't have to go far, let it fall sub $400 and watch how many buy orders going in that price will almost immediately go up again. I guarantee you there's no chance in hell you're going to be able to buy bitcoins below $400 now. when bitcoin at the $1000 bubble, people said $500 is impossible, well we found out even $400 can be broke Oh falling, I know you want to buy in bitcoins for as low as possible but please do be a little more realistic. You WOULD be hoping that bitcoin falls below $400 (me too, if the market grants such an opportunity) but sometimes the greedier you are the more you lose
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furlong
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September 06, 2014, 04:41:00 PM |
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Who cares, think long term and you are winning man.
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adamstgBit
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September 06, 2014, 05:04:34 PM |
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the fact remains there is a lot more poeple into bitcoin ( more die hard believers ) than ever, i can't believe price is inflated.... price was inflated at 1000$, but its not like there wasn't massive dumps at these "inflated" levels, and it snapped back over and over. now price is depressed because everyone that was in it for a quick buck has left. even some "sophisticated investors", are leaving because of the poor performance bitcoins has been showing the past year. so what, good riddance, we don't need them, they will probably come back at the worst possible entry point anyway, lol. meanwhile, a buttload of newbies are waiting for predictions like " if we break 440 its going to crash to 350 in hours " to come true b4 buying, i bet most of them haven't even bothered signing up to a exchange and getting ready, when / if that price comes, that will be the kick in the ass they need to send in the AML paper work, only there will be a backlog, we're gonna see the stampede coming, market will have no choice to go back above 500, newbies are going to "wait for bitcoin to crash again b4 buying in" only it will not crash... then some ETF will come out, brokers gonna call people, the roof will be on fire, "sophisticated investors" are going to come back full force, and bam 5000$ pre bitcoin, and no sign of topping out. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fonetimefortim.files.wordpress.com%2F2012%2F03%2Fcoolaid-bursting-through-the-wall-1754_preview.jpg&t=665&c=qvwaoYBvGQ48Pg)
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Xiaoxiao (OP)
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September 08, 2014, 09:26:05 AM |
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the fact remains there is a lot more poeple into bitcoin ( more die hard believers ) than ever, i can't believe price is inflated.... price was inflated at 1000$, but its not like there wasn't massive dumps at these "inflated" levels, and it snapped back over and over. now price is depressed because everyone that was in it for a quick buck has left. even some "sophisticated investors", are leaving because of the poor performance bitcoins has been showing the past year. so what, good riddance, we don't need them, they will probably come back at the worst possible entry point anyway, lol. meanwhile, a buttload of newbies are waiting for predictions like " if we break 440 its going to crash to 350 in hours " to come true b4 buying, i bet most of them haven't even bothered signing up to a exchange and getting ready, when / if that price comes, that will be the kick in the ass they need to send in the AML paper work, only there will be a backlog, we're gonna see the stampede coming, market will have no choice to go back above 500, newbies are going to "wait for bitcoin to crash again b4 buying in" only it will not crash... then some ETF will come out, brokers gonna call people, the roof will be on fire, "sophisticated investors" are going to come back full force, and bam 5000$ pre bitcoin, and no sign of topping out. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fonetimefortim.files.wordpress.com%2F2012%2F03%2Fcoolaid-bursting-through-the-wall-1754_preview.jpg&t=665&c=qvwaoYBvGQ48Pg) see this year is the 1st year that a new trend will start with BTC... the start of a multi year down swing. I see it stabilizing at around $100 perhaps for years to come before anything interesting happens now.
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qwerty555
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September 08, 2014, 04:12:30 PM |
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see this year is the 1st year that a new trend will start with BTC... the start of a multi year down swing. I see it stabilizing at around $100 perhaps for years to come before anything interesting happens now.
http://www.coindesk.com/bitcoin-venture-capital/1. Of the $95million VC invested in 2013 2/3rds or $60M was invested from Oct to December... 2 Of the $185 million invested so far in 2014 the fruits of these investments in terms of bitcoin volume/ increased turnover and demand will not be seen for 6 - 18 months which is a normal "lead time" for any investment. Those that have invested these large sums do not do so on a whim and have studied and produced business plans that they are implementing and expect to see results in the not to distant future and this is why the $100 dollar price is most unlikely barring any cataclysmic event.
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adpinbr
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September 09, 2014, 12:19:13 AM |
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the fact remains there is a lot more poeple into bitcoin ( more die hard believers ) than ever, i can't believe price is inflated.... price was inflated at 1000$, but its not like there wasn't massive dumps at these "inflated" levels, and it snapped back over and over. now price is depressed because everyone that was in it for a quick buck has left. even some "sophisticated investors", are leaving because of the poor performance bitcoins has been showing the past year. so what, good riddance, we don't need them, they will probably come back at the worst possible entry point anyway, lol. meanwhile, a buttload of newbies are waiting for predictions like " if we break 440 its going to crash to 350 in hours " to come true b4 buying, i bet most of them haven't even bothered signing up to a exchange and getting ready, when / if that price comes, that will be the kick in the ass they need to send in the AML paper work, only there will be a backlog, we're gonna see the stampede coming, market will have no choice to go back above 500, newbies are going to "wait for bitcoin to crash again b4 buying in" only it will not crash... then some ETF will come out, brokers gonna call people, the roof will be on fire, "sophisticated investors" are going to come back full force, and bam 5000$ pre bitcoin, and no sign of topping out. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fonetimefortim.files.wordpress.com%2F2012%2F03%2Fcoolaid-bursting-through-the-wall-1754_preview.jpg&t=665&c=qvwaoYBvGQ48Pg) So when do you expect this to happen?
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