DaveSaldana123
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Activity: 135
Merit: 100
A.K.A The Black Marvel
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September 08, 2014, 02:16:22 PM |
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You should not, this is mere market noise, relax and go out.
Keeps dropping every week. In your opinion will btc be worth $600 by the end of the year? $600 will be the bottom, but this is a rather pessimistic prediction. What is your optimistic prediction? $600 might be a more realistic guess.
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griffinriz
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September 08, 2014, 02:18:02 PM |
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If you are a long term Holder than you shouldn't worry.
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institutionaltrader
Newbie
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Activity: 26
Merit: 0
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September 08, 2014, 02:27:18 PM |
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If you are a long term Holder than you shouldn't worry.
Of course you should worry. If the technology doesn't make it (hacked, bugs, product life-cycle) or is replaced by one officially regulated then the long term value is 0. If it's a naturally occurring ponzi scheme like some theories suggest then same result. Sometimes it is better to get your money and laugh all the way to the bank watching others burn. Take action.
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panju1
Legendary
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Activity: 1246
Merit: 1000
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September 08, 2014, 04:21:21 PM |
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What the fuck, wake up, downtrend was broken (convincingly) in May. Are you looking at the same charts we all are looking? We never hit April lows since then, been in a 400-700 sidechannel for 4 months. Downtrend is if we hit 300.
What worries me is that bitcoin doesn't seem to be getting out of this range. I hope people don't lose interest because of this.
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piramida
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Activity: 1176
Merit: 1010
Borsche
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September 08, 2014, 04:29:36 PM |
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What the fuck, wake up, downtrend was broken (convincingly) in May. Are you looking at the same charts we all are looking? We never hit April lows since then, been in a 400-700 sidechannel for 4 months. Downtrend is if we hit 300.
What worries me is that bitcoin doesn't seem to be getting out of this range. I hope people don't lose interest because of this. Impatient speculators may lose interest, but they are minor force and minor capital, nobody really cares. This is the time when infrastructure is being built, price helps but it does not have to grow rapidly to support infrastructure development plans.
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i am satoshi
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MasterCasino
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Activity: 91
Merit: 10
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September 09, 2014, 12:21:44 PM |
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They will lose interest because the increase of bitcoin users is very impossible.
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rockyrotcoin
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Activity: 75
Merit: 10
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September 12, 2014, 02:15:10 PM |
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Dont worry.. Bitcoin will not go down without a fight.
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minerpumpkin
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September 12, 2014, 02:34:00 PM |
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What the fuck, wake up, downtrend was broken (convincingly) in May. Are you looking at the same charts we all are looking? We never hit April lows since then, been in a 400-700 sidechannel for 4 months. Downtrend is if we hit 300.
What worries me is that bitcoin doesn't seem to be getting out of this range. I hope people don't lose interest because of this. Impatient speculators may lose interest, but they are minor force and minor capital, nobody really cares. This is the time when infrastructure is being built, price helps but it does not have to grow rapidly to support infrastructure development plans. Only very few people exit the market forever! Most at least continue to watch it from the sidelines and as soon as there's another bubble approaching or the media coverage skyrockets again, they'll be coming back and put their money back in Bitcoin. They still have their Bitstamp accounts, their Bitcoin wallets, and know how to use it!
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I should have gotten into Bitcoin back in 1992...
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adaseb
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Activity: 3878
Merit: 1733
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September 12, 2014, 03:41:02 PM |
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If you are worried about a $30 move then you really are in the wrong business.
Invest in blue chip stocks instead. They aren't as volotile.
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nuff
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September 12, 2014, 03:52:37 PM |
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What the fuck, wake up, downtrend was broken (convincingly) in May. Are you looking at the same charts we all are looking? We never hit April lows since then, been in a 400-700 sidechannel for 4 months. Downtrend is if we hit 300.
What worries me is that bitcoin doesn't seem to be getting out of this range. I hope people don't lose interest because of this. So in your opinion what 'range' should we be at? Face it, we're at the stabilizing stage where bitcoin will not have drastic velocity as we did last november. Even if the people lose interest, it doesn't change the fact that bitcoin has the first mover advantage, that it'll always be the one that all other altcoins will be based at.
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minerpumpkin
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September 12, 2014, 03:52:53 PM |
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If you are worried about a $30 move then you really are in the wrong business.
Invest in blue chip stocks instead. They aren't as volotile.
Over the last weeks we're approaching more and more support lines, though... The more we break, the more dire the situation gets. Some people claim that we're currently even leaving the long-term support and uptrend. This may become really really dangerous. The trick is to catch a falling knife and know when this is the case, and it isn't prudent anymore to wait for a recovery!
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I should have gotten into Bitcoin back in 1992...
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lemfuture
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September 12, 2014, 03:53:32 PM |
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They will lose interest because the increase of bitcoin users is very impossible.
very impossible? first time i heard such thing
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1ADLcfwTofFXb95pKhebpeRkJ4WTWsvQXB
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Chuckee
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Activity: 70
Merit: 10
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September 12, 2014, 04:00:27 PM |
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be worried. be very worried. bitcoin is going nowhere but down.
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hannscryo
Newbie
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Activity: 42
Merit: 0
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September 12, 2014, 04:03:35 PM |
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Why don't you draw a perpendicular line, it's as realistic as the above chart
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romerun
Legendary
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Activity: 1078
Merit: 1002
Bitcoin is new, makes sense to hodl.
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September 12, 2014, 04:07:48 PM |
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if btc continues down trend, miners could drop out as they cannot pay upkeep, then it's downward spiral.
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minerpumpkin
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September 12, 2014, 04:54:19 PM |
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if btc continues down trend, miners could drop out as they cannot pay upkeep, then it's downward spiral.
Why? Could you elaborate? Some miners, most likely those with the oldest gear, will drop out. The total hash rate will then go down of course, and thus others will mine again at a profit. But what would this have to do with the Bitcoin price? We don't need an ever-increasing amount of miners or hash-rate for Bitcoin to function!
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I should have gotten into Bitcoin back in 1992...
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Wilhelm
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Merit: 1265
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September 12, 2014, 04:55:14 PM |
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be worried. be very worried. bitcoin is going nowhere but down. Why not post a completely crap trendline while your at it..... Like...
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Bitcoin is like a box of chocolates. You never know what you're gonna get !!
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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September 12, 2014, 05:02:54 PM |
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if btc continues down trend, miners could drop out as they cannot pay upkeep, then it's downward spiral.
Why? Could you elaborate? Some miners, most likely those with the oldest gear, will drop out. The total hash rate will then go down of course, and thus others will mine again at a profit. But what would this have to do with the Bitcoin price? We don't need an ever-increasing amount of miners or hash-rate for Bitcoin to function! if hash-rate would to start to decrease time between blocks would increase, this could lead to problems, feather coin faced this problem, and hacked a solution. if this does happen i could see some " bitcoin is borken selling " going on. but i dont think so, hash rate is / always has been depreciating very fast, its only natural the hash rate is always going up, i don't see this change ever, might start to increase more slowly, and eventually level off.
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minerpumpkin
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September 12, 2014, 05:06:15 PM |
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if btc continues down trend, miners could drop out as they cannot pay upkeep, then it's downward spiral.
Why? Could you elaborate? Some miners, most likely those with the oldest gear, will drop out. The total hash rate will then go down of course, and thus others will mine again at a profit. But what would this have to do with the Bitcoin price? We don't need an ever-increasing amount of miners or hash-rate for Bitcoin to function! if hash-rate would to start to decrease time between blocks would increase, this could lead to problems, feather coin faced this problem, and hacked a solution. if this does happen i could see some " bitcoin is borken selling " going on. but i dont think so, hash rate is / always has been depreciating very fast, its only natural the hash rate is always going up, i don't see this change ever, might start to increase more slowly, and eventually level off. Well, I don't think that this is a problem. Sure, it needs to re-target first, this may take some days, but even with half of the miners turning their gear off, we'd still be at a 20 minutes block time, which isn't catastrophic. Miners can only do one thing: Keep their gear running, it will never be more profitable than today. Therefore, they will most likely take the gamble and keep it running nevertheless!
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I should have gotten into Bitcoin back in 1992...
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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September 12, 2014, 05:21:09 PM |
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if btc continues down trend, miners could drop out as they cannot pay upkeep, then it's downward spiral.
Why? Could you elaborate? Some miners, most likely those with the oldest gear, will drop out. The total hash rate will then go down of course, and thus others will mine again at a profit. But what would this have to do with the Bitcoin price? We don't need an ever-increasing amount of miners or hash-rate for Bitcoin to function! if hash-rate would to start to decrease time between blocks would increase, this could lead to problems, feather coin faced this problem, and hacked a solution. if this does happen i could see some " bitcoin is borken selling " going on. but i dont think so, hash rate is / always has been depreciating very fast, its only natural the hash rate is always going up, i don't see this change ever, might start to increase more slowly, and eventually level off. Well, I don't think that this is a problem. Sure, it needs to re-target first, this may take some days, but even with half of the miners turning their gear off, we'd still be at a 20 minutes block time, which isn't catastrophic. Miners can only do one thing: Keep their gear running, it will never be more profitable than today. Therefore, they will most likely take the gamble and keep it running nevertheless! say it does happen i'd like to see the devs purpose we retarget difficulty immediately and the mining community agree. i agree with you its no big deal, but so is implementing a minor change we can all ( more then 51% )agree on. in my view bitcoin was made to evolve this way.
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