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Author Topic: Should we be worried about bitcoin value drop?  (Read 1846 times)
Sevvero
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September 18, 2014, 09:28:37 PM
 #21

Should we? or shall we stay calm and bitcoin on?
Yes, you should be worried and you should sell everything, because it will drop much more
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9kv
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September 18, 2014, 11:04:49 PM
 #22

Bitcoin works regardless of the price. There is nothing to worry about, even if it drops below $1.

Sure, it might still work but where is my $70,000 that i invested?

When you deposit a paycheck into your bank account do you consider that an "investment" in dollars?

Bitcoin is not an investment. It is money.
Bitcoin is very much an investment right now. It can be used as money the same way you can trade an ounce of gold for some item, but gold is not money and Bitcoin is not money. It could be in the future (gold used to be money) but neither are right now.
DeadCoin
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September 18, 2014, 11:16:02 PM
 #23

Bitcoin works regardless of the price. There is nothing to worry about, even if it drops below $1.

Sure, it might still work but where is my $70,000 that i invested?

Guy who was getting out at the time you were buying, has spent it on the new BMW.
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September 18, 2014, 11:25:53 PM
 #24

Bitcoin works regardless of the price. There is nothing to worry about, even if it drops below $1.

Sure, it might still work but where is my $70,000 that i invested?

What was all that talk about bitcoin being a store of value again? Grin

People make bad investments all the time. Bitcoin can go to $1, or less, and the fact is, the protocol will work the same as ever.

Bitcoin is love, bitcoin is life.
spiderbrain
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September 18, 2014, 11:28:17 PM
 #25

Which might never happen, i hardly see it ever being 600$ again
You are in too much of a hurry for this kind of investment. If you bought in at $600 you could see how volatile bitcoin's price has been in the past, and will continue to be, despite the long term exponential trend.

JimboToronto
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September 18, 2014, 11:35:28 PM
 #26

Should we be worried about bitcoin value drop?

If there was a value drop, then yes.

There hasn't been a value drop though, just a minor price drop.

Bitcoins are still worth 4 times as much as they were a year ago.
JessicaSe
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September 19, 2014, 12:26:05 AM
 #27

Should we be worried about bitcoin value drop?

If there was a value drop, then yes.

There hasn't been a value drop though, just a minor price drop.

Bitcoins are still worth 4 times as much as they were a year ago.

The problem is, the value rise to $1300 makes a lot of people enter into mining and crash the profitability of it. Now it has drop back 3x causing profitability dead completely..
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September 19, 2014, 01:22:53 AM
 #28

Just get out now and forget about it, why bother? This a game of patience.

vuduchyld
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September 19, 2014, 03:41:09 AM
 #29

Price drops and rises happen. I've always said that you should consider bitcoin capable of going up 1000% or down 90% rather quickly, at any point. This is a new asset class that merges technology, finance, economics, and (arguably) politics into one beast. The price-discovery for such a thing is necessarily going to be brutally volatile.

Just keep assessing the fundamentals and forget about the price for a decade or so.

Great post...yet again, Melbustus!
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