erre
Legendary
 Offline
Activity: 1666
Merit: 1205
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November 25, 2014, 05:55:36 PM |
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I am a delusional crypto-anarchist.
I will never sell.
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dinofelis
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November 25, 2014, 05:58:22 PM |
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Permabull detected... if it goes down to $100 then we are probably fucked
I don't see why, honestly. Merchant adoption doesn't care much about the actual price (usually converted from the actual exchange rate). I would think that the actual fundamental of bitcoin in merchant adoption is probably less than $100.- at the moment. But that doesn't stop adoption as a means of payment. It could be that merchant adoption doesn't work out. And then, *in any case* bitcoin is over in the long run. Nobody's gonna hold coins with which you can't buy anything ever. And most hodlers do so with speculative hopes of "the moon", not as a "stable" store of value without much hope of just getting out what they put in. The real share of the gold market is also small for the moment. Bitcoin will live (and rise to the moon), or fall into oblivion with merchant adoption. |
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brg444
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November 25, 2014, 06:00:40 PM |
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Permabull detected... if it goes down to $100 then we are probably fucked
I don't see why, honestly. Merchant adoption doesn't care much about the actual price (usually converted from the actual exchange rate). I would think that the actual fundamental of bitcoin in merchant adoption is probably less than $100.- at the moment. But that doesn't stop adoption as a means of payment. It could be that merchant adoption doesn't work out. And then, *in any case* bitcoin is over in the long run. Nobody's gonna hold coins with which you can't buy anything ever. And most hodlers do so with speculative hopes of "the moon", not as a "stable" store of value without much hope of just getting out what they put in. The real share of the gold market is also small for the moment. Bitcoin will live (and rise to the moon), or fall into oblivion with merchant adoption.  You couldn't be more wrong. How's gold merchant adoption doing? |
"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
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biggus dickus
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November 25, 2014, 06:09:27 PM |
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Being honest, for me it depends how low or high the prices go. I bet plenty of people would dump if bitcoin went down to $100, conversely I bet plenty of people would buy if bitcoin had a slow steady rise to $5000. Nevertheless there will always be people who find it less nerve wracking to just hold and not worry about the price.
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criptix
Legendary
Offline
Activity: 2464
Merit: 1145
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November 25, 2014, 06:37:26 PM |
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dinofelis
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November 26, 2014, 06:34:31 AM |
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Permabull detected... if it goes down to $100 then we are probably fucked
Bitcoin will live (and rise to the moon), or fall into oblivion with merchant adoption. You couldn't be more wrong. How's gold merchant adoption doing? It did well during about 5000 years. Now it is only a store of value, based upon that historical record and the trust it engenders. |
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Wekkel
Legendary
Offline
Activity: 3108
Merit: 1531
yes
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November 26, 2014, 08:02:35 AM |
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You are making this too easy:  |
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Elwar
Legendary
Offline
Activity: 3598
Merit: 2386
Viva Ut Vivas
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November 26, 2014, 08:55:45 AM |
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Get out of Bitcoin into what?
Are merchants starting to accept gold online or something?
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First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin. |
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Wekkel
Legendary
Offline
Activity: 3108
Merit: 1531
yes
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November 26, 2014, 09:10:49 AM |
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Get out of Bitcoin into what?
The only reason for me would be to get out of fiat debt. On the other hand: if Bitcoin makes it big, current fiat debt at then current values may not be a big burden at all. |
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egghead123
Legendary
Offline
Activity: 1330
Merit: 1000
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November 26, 2014, 09:18:39 AM |
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no
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redsn0w
Legendary
Offline
Activity: 1778
Merit: 1042
#Free market
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November 26, 2014, 09:23:38 AM |
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I voted no , because :  |
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JimboToronto
Legendary
Offline
Activity: 4018
Merit: 4505
You're never too old to think young.
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November 26, 2014, 09:46:55 AM |
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...
when people lose hope you know it's the time to buy...
That's the theory. In practice it takes a long time (could be months) between most people losing hope and reaching THE bottom. You mean 275? Bingo. |
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johnyj
Legendary
Offline
Activity: 1988
Merit: 1012
Beyond Imagination
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November 26, 2014, 02:30:40 PM |
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Getting out of fiat money scam over a 10 years period |
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johnyj
Legendary
Offline
Activity: 1988
Merit: 1012
Beyond Imagination
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November 26, 2014, 02:37:01 PM |
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You are making this too easy: Great pic, I think matrix exactly described the reality here, eventually everyone will wake up from their fiat money slavery dream |
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yayayo
Legendary
Offline
Activity: 1806
Merit: 1024
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November 26, 2014, 03:29:05 PM |
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I'm in the lucky position that I don't own enough Bitcoin to worry about the price...  So the answer is a clear no. All Bitcoin I acquire, are acquired with the intent to never exchange them back into fiat again. So I will never acquire more than I can afford to loose without regret. My strategy: Relax & HODL. ya.ya.yo! |
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schutzhund
Member
Offline
Activity: 112
Merit: 10
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November 26, 2014, 03:34:27 PM |
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I don't think so if the price goes up to something crazy sure i will sell some but i don't wana jump out the ship that soon.
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dinofelis
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November 27, 2014, 08:07:19 AM |
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I'm in the lucky position that I don't own enough Bitcoin to worry about the price... So the answer is a clear no. All Bitcoin I acquire, are acquired with the intent to never exchange them back into fiat again. So I will never acquire more than I can afford to loose without regret. My strategy: Relax & HODL. ya.ya.yo! 2 ! |
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maker88
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November 27, 2014, 05:17:22 PM |
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Do you plan to get out of bitcoin in the next 3 months with at least 70% of your holdings if you see no price increase?
no why the fuck would i only wait three months. what a rediculous question. |
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Razick
Legendary
Offline
Activity: 1330
Merit: 1003
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November 27, 2014, 06:05:47 PM |
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Actually, as of today I have more Bitcoin than ever before. I don't plan on selling any time soon either.
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ACCOUNT RECOVERED 4/27/2020. Account was previously hacked sometime in 2017. Posts between 12/31/2016 and 4/27/2020 are NOT LEGITIMATE.
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Wekkel
Legendary
Offline
Activity: 3108
Merit: 1531
yes
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November 27, 2014, 06:16:12 PM |
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Actually, as of today I have more Bitcoin than ever before. I don't plan on selling any time soon either.
Watch out. Willem Buiter just told us Bitcoin has no intrinsic value  |
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Poll
