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Author Topic: This week I bought >300 BTC (+700 before > 1000 total)  (Read 18716 times)
AltcoinInvestor
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September 20, 2014, 07:58:09 PM
 #181

now give them away Grin
(especially to me Grin )

Just kidding,

how much did you pay?
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September 20, 2014, 08:00:19 PM
 #182

now give them away Grin
(especially to me Grin )

Just kidding,

how much did you pay?

Why would you like to have bitcoins if they are worth $0? Smiley

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kutaka
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September 20, 2014, 08:02:07 PM
 #183

No proof - we can assume this is bullshit in the internet world.
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September 20, 2014, 08:06:05 PM
 #184

Yes I also agree that OP is bullshit. Only one thing can't go out of my mind. Where the heck are >$120k. Cheesy Cheesy

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# Free market


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September 20, 2014, 08:07:56 PM
 #185

now give them away Grin
(especially to me Grin )

Just kidding,

how much did you pay?

Why would you like to have bitcoins if they are worth $0? Smiley

Bitcoin = 0 $    , yes  Roll Eyes .

It is impossibile to bitcoin to reach 0$ of value ,   all the actual miners must to be turn off their actual miner hardware ( almost impossible ).
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September 20, 2014, 08:12:11 PM
 #186

Bitcoin = 0 $    , yes  Roll Eyes .

It is impossibile to bitcoin to reach 0$ of value ,   all the actual miners must to be turn off their actual miner hardware ( almost impossible ).

Of course it is possible. You should believe in Santa Claus Smiley

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Wilhelm
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September 20, 2014, 08:14:10 PM
 #187

now give them away Grin
(especially to me Grin )

Just kidding,

how much did you pay?

Why would you like to have bitcoins if they are worth $0? Smiley

Bitcoin = 0 $    , yes  Roll Eyes .

It is impossibile to bitcoin to reach 0$ of value ,   all the actual miners must to be turn off their actual miner hardware ( almost impossible ).

If someone hacks the core secuirity fundementals of BTC it can go to $0.
However the technology has been keeping the internet secure for years.

Bitcoin is like a box of chocolates. You never know what you're gonna get !!
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# Free market


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September 20, 2014, 08:17:10 PM
 #188

Bitcoin = 0 $    , yes  Roll Eyes .

It is impossibile to bitcoin to reach 0$ of value ,   all the actual miners must to be turn off their actual miner hardware ( almost impossible ).

Of course it is possible. You should believe in Santa Claus Smiley

No more mining = no more transaction ... but it isn't  possible to turn off all the asic miner .



Ps: Santa Claus Grin .




If someone hacks the core secuirity fundementals of BTC it can go to $0.
However the technology has been keeping the internet secure for years.


I don't think .. it is almost impossibile ( at the moment to hack/violate the bitcoin protocol ).
Daanie
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September 20, 2014, 10:53:15 PM
 #189

Today I bought 3k BTC (+12k before = 15k in 4 days) Finished

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Here I Am !!


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September 20, 2014, 11:28:44 PM
 #190

Today I bought 3k BTC μBTC (+12k before = 15k in 4 days) Finished

3k μBTC... That was a lot, congrats dude, you will be a new rich soon Smiley

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September 20, 2014, 11:33:39 PM
 #191

I think you are making a very good decision, OP.

What I find fascinating is the vehemence with which people are attacking your posts.  They seem to be taking it personally.

The arguments are generally pretty unsophisticated...such as wait for the absolute bottom and buy then instead of averaging in (as though markets gave clear signals: "THIS IS THEEEE BOTTOM!  BUY NOW!"  Or, better yet, the guy harping about unrealized losses who has engaged in hilarious name-calling in other threads.  Apparently he has never tried to buy a cup of coffee with unrealized gains, or he would understand a little better.

I mean, was your time horizon 48 hours?  If so, I guess they can judge you now.  Otherwise, the final tally will come at a (likely much) later date.  My prediction is that you will be smiling in the end.

Hard for me to imagine what motivates people to react with such vehemence, though. 

We're in a very long term bear market, and have broken through pretty big historical supports, so it's natural the bear trolls are in full swing. But to be fair I do regularly see bulls that quite angrily defend holding through/buying into a bear market. Trolling aside, I think it's proper risk management to wait for a higher time frame trend break (or at least a deeply oversold panic selloff) to buy. Averaging into a bear market is simply bad risk management, IMO.
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September 20, 2014, 11:36:47 PM
 #192

Today I bought 3k BTC (+12k before = 15k in 4 days) Finished
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September 21, 2014, 01:31:49 AM
 #193

Grats man. You had quite an amount of capital to invest there and you may have bought at the bottom (hoepfully Cheesy  )

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September 21, 2014, 03:09:54 AM
 #194

now give them away Grin
(especially to me Grin )

Just kidding,

how much did you pay?

Why would you like to have bitcoins if they are worth $0? Smiley

Bitcoin = 0 $    , yes  Roll Eyes .

It is impossibile to bitcoin to reach 0$ of value ,   all the actual miners must to be turn off their actual miner hardware ( almost impossible ).
This is not actually true. When Satochi first starting mining in 2009, the bitcoin he was mining effectively had no value. The same was true when others were mining up until the point there was actually a market for trading bitcoin. The point of this is that mining does not give bitcoin it's value (it gives bitcoin it's security)

The market for bitcoin is what gives it it's value

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September 21, 2014, 04:15:39 AM
 #195

When Satochi first starting mining in 2009, the bitcoin he was mining effectively had no value. The same was true when others were mining up until the point there was actually a market for trading bitcoin. The point of this is that mining does not give bitcoin it's value (it gives bitcoin it's security)

The market for bitcoin is what gives it it's value

In general, market price is based on production cost. As long as there is a cost, there are some corresponding value put into production, then the value is baselined


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September 21, 2014, 12:10:48 PM
 #196

You are rich.
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September 21, 2014, 12:55:11 PM
 #197

When Satochi first starting mining in 2009, the bitcoin he was mining effectively had no value. The same was true when others were mining up until the point there was actually a market for trading bitcoin. The point of this is that mining does not give bitcoin it's value (it gives bitcoin it's security)

The market for bitcoin is what gives it it's value

In general, market price is based on production cost. As long as there is a cost, there are some corresponding value put into production, then the value is baselined


Market price can be lower than the production cost. What happens then is that production facilities close down - think of non-functional gold mines.
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September 21, 2014, 01:10:24 PM
 #198

...
Market price can be lower than the production cost. What happens then is that production facilities close down - think of non-functional gold mines.

One thing everyone seems to be forgetting:  BTC production cost can't be compared to widget production cost.  BTC production cost can be as high as it is now or as low as $0, without changing the rate of BTC "production."

The same number of bitcoins will be mined if there are just two guys mining them on their laptops as when all the industrial mines are burning all of the world's electricity mining them.  The block reward doesn't change.
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September 21, 2014, 01:15:39 PM
 #199

How fast would the difficulty drop if almost everyone stopped mining them?
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September 21, 2014, 01:17:08 PM
 #200

How fast would the difficulty drop if almost everyone stopped mining them?

Close to never?

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