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Author Topic: How Low Does Bitcoin's Price Need Get to Make People Stop Believing?  (Read 6579 times)
Kprawn
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May 11, 2015, 05:40:49 AM
 #101

Stop believing? Sleep well knowing your beliefs are for sale.

If you don't believe, why are you here?

Some people hang around, to make people negative about Bitcoin, so that they can push their own agenda. {They might for instance, support another Alt coin <cough Ripple> and hope to push people away from Bitcoin and towards the Alt coin they are supporting}

Everything is not just above the table as you might think.... It's a dog eats dog world out there.

There are room for everyone, so stop the pushing and shoving.  Wink



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May 11, 2015, 06:05:49 AM
 #102

I got excited about all the hype with bitcoin, but now i look at it and see nothing special other than paving the future of crypto, now every man and his dsog is out there starting their own coins to compete.
Anyway, serious projects like NXT, NEM and ethereum will pave the way of the future and leave BTC for dead as the dinosaur that it already is.

Aha there has been attempts the last 4-6 years to create a new better crypto which moons because that seems to be all people care about. Nothing has come close and I doubt ever will especially them things you speak of  Cheesy By things I mean crapcoins. Don't you think nxt has had a nice amount of time to become highly successful? 100% premine controlled by a few players! No thanks. OP it doesn't matter how low it goes there will always be believers, as long as the difficulty gets reduced the lower it goes I see no problem with the price it was cents once before, also if it went to a few dollars the pumps would be epic goldmines.

Just shows you dont know a thing about NXT, 1, because there was no premine, 2, anyone had the chance to invest in the IPO, but most declined the offer and now are sore about their poor decision and naturally are trolls.

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May 11, 2015, 06:44:42 AM
 #103

You're deluded in thinking that most are here for believing. Its mostly due to the possibility of making quick money. No matter how low it goes, there will always be those who will want to buy at those prices hoping for a quick profit. In addition some of those who bought higher may want to cost average and get more.






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May 11, 2015, 01:20:47 PM
 #104

I don't see it going to a low that people would stop believing in it...

And besides, he is right. it might go too low, and he'll "cut his loses", however the price drop will bring in more investors &folks looking to get in, however the price was too high. This will create a new demand in the market, and the price can go back up again......

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May 11, 2015, 03:15:48 PM
 #105

Just remember that any bear market is always more ferocious, if I can use that word, than a bull (upward) market. The main reason being that initial selling leads to more selling and eventually panic selling which, I think, is what we are seeing now. In an upward market you do not get 'panic' buying. So a downward market can and will often go into a sort of dump mode and during this time many a weak hand will be shaken from the market. I expect the price to dip even further before it will find support. That support will come from people buying back into bitcoin after the weak hands have been shaken out. I know I'll be buying in as much as I can over the next couple of weeks.

Also, as some have already mentioned countless times, this is not unique to bitcoin. The dollar is giving must other currencies a beating now. Just go look at the Australian dollar vs the dollar for the past couple of weeks. Its down a big big stretch, almost in a straight line. So its not bitcoin failing.....its the market at work.
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May 11, 2015, 06:10:59 PM
 #106

Just remember that any bear market is always more ferocious, if I can use that word, than a bull (upward) market. The main reason being that initial selling leads to more selling and eventually panic selling which, I think, is what we are seeing now. In an upward market you do not get 'panic' buying. So a downward market can and will often go into a sort of dump mode and during this time many a weak hand will be shaken from the market. I expect the price to dip even further before it will find support. That support will come from people buying back into bitcoin after the weak hands have been shaken out. I know I'll be buying in as much as I can over the next couple of weeks.

Also, as some have already mentioned countless times, this is not unique to bitcoin. The dollar is giving must other currencies a beating now. Just go look at the Australian dollar vs the dollar for the past couple of weeks. Its down a big big stretch, almost in a straight line. So its not bitcoin failing.....its the market at work.
Yes you do? That's where bubbles come from.

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May 12, 2015, 02:39:38 AM
 #107

You're deluded in thinking that most are here for believing. Its mostly due to the possibility of making quick money. No matter how low it goes, there will always be those who will want to buy at those prices hoping for a quick profit. In addition some of those who bought higher may want to cost average and get more.

I think you're right and you're wrong. Even the most pissed-in-the-woods bear will admit when pressed: Bitcoin is too neat to die.
Uh no. I'm not even a bear, and I think bitcoin can die. In fact, it's more likely that it dies rather than succeeds. It's just that the benefits of it succeeding outweighs the risks. Kelly criterion and such.

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May 12, 2015, 11:12:46 AM
 #108

For me, it doesn't matter what price bitcoin is, as long as there are services that accept it.

I won't mind if bitcoin hits $10 or even $1, if people still offer the same services they offer today, I'm happy.

If bitcoins does hit $1 i'm sure there won't be any services anyway, with only a $21M marketcap.

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nzminer
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May 12, 2015, 11:14:18 PM
 #109

For me, it doesn't matter what price bitcoin is, as long as there are services that accept it.

I won't mind if bitcoin hits $10 or even $1, if people still offer the same services they offer today, I'm happy.

If bitcoins does hit $1 i'm sure there won't be any services anyway, with only a $21M marketcap.

If there was that many services accepting it, naturally the marketcap would be alot higher than what it has ever been. Adoption and acceptance is key to the success of any cryptocurrency.

THE XEMURAI WILL DELIVER
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May 12, 2015, 11:23:58 PM
 #110

"Until you die?"

Yes. No matter what. If I have to live in a cardboard box under a free way I'll never sell.

(I am a 1MB block supporter who thinks all users should be using Full-Node clients)
Avoid the XT shills, they only want to destroy bitcoin, their hubris and greed will destroy us.
Know your adversary https://www.youtube.com/watch?v=BKorP55Aqvg
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