This week I bought >300 BTC (+700 before > 1000 total)

[AltcoinInvestor]

now give them away
(especially to me )

Just kidding,

how much did you pay?

[1713926536]

1713926536

[1713926536]

1713926536

[ask]

now give them away
(especially to me )

Just kidding,

how much did you pay?

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

[kutaka]

No proof - we can assume this is bullshit in the internet world.

[ask]

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

[redsn0w]

now give them away
(especially to me )

Just kidding,

how much did you pay?

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

Bitcoin = 0 $    , yes  .

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 ).

[ask]

Bitcoin = 0 $    , yes  .

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

[Wilhelm]

now give them away
(especially to me )

Just kidding,

how much did you pay?

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

Bitcoin = 0 $    , yes   .

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.

[redsn0w]

Bitcoin = 0 $    , yes  .

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

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



Ps: Santa Claus .

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]

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

[xcapator]

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

[Argwai96]

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.

[yefi]

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

[lyth0s]

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

[leannemckim46]

now give them away
(especially to me )

Just kidding,

how much did you pay?

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

Bitcoin = 0 $    , yes  .

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

[johnyj]

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

[CryptoCarmen]

You are rich.

[botany]

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.

[NotLambchop]

...
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.

[plopper50]

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

[RoadStress]

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

Close to never?