cryptowest
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December 17, 2014, 06:31:06 AM |
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The time to "go long" would be when a major company announces that it will be integrating bitcoin into its payroll options.
It is always the time to "go long". Always. Going short is where you have to be very careful. this doesn't make sense to me because shorters are making most of the profits...
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amytat
Newbie
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Activity: 28
Merit: 0
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December 17, 2014, 06:43:52 AM |
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maybe the price will go down below 300 , waiting to buy
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Nerazzura
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December 17, 2014, 06:44:50 AM |
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I will try to apply for a loan at a bank in the forum or in my town. hopefully running smoothly. or if not, I just need to keep bitcoin that I have now
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youngmike
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December 17, 2014, 07:21:41 AM |
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I'm buying back under 100$ We are going to see it earlier than expected I promise.
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cyberpinoy
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December 17, 2014, 07:25:47 AM |
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Nope buy at 100 dollas, thats when it is time to buy, Right now mine and save dont dump save save save cause when it hits 100 bucks again, all the rich idiots are gonna jump the bandwagon and make all us hoarders rich. Follow the rich dudes.
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Daniel91
Legendary
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Activity: 3374
Merit: 1824
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December 17, 2014, 07:29:12 AM |
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From my experience at the market, when price is very low, this is, in fact, the best time to buy, not to sell ) If you want to earn good money, buy cheap and sell when price is high.
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redsn0w
Legendary
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Activity: 1778
Merit: 1042
#Free market
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December 17, 2014, 07:40:50 AM |
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Maybe it is better to wait a bit , I think the bitcoin price will drop again.
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jsgayo
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December 17, 2014, 08:17:08 AM |
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Good time to buy.
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bornil267645
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December 17, 2014, 08:19:25 AM |
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Only buying will make it even more worse... Need to use some of the Bitcoin as well...
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biodieselchris
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December 17, 2014, 08:21:33 AM |
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Panic's coming to the streets, and investors know it Once people wants to buy, they're like: Richmond Kansas City Richmond Kansas City Richmond Kansas City Richmond Kansas City Richmond Kansas City Richmond Kansas City Richmond Kansas City Richmond Kansas City
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Oscilson
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December 17, 2014, 08:57:57 AM |
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I shall wait after Christmas to buy.
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fvs114
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December 17, 2014, 11:27:51 AM |
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I'll wait until drops to 100, and then buy
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cesckat
Member
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Activity: 71
Merit: 10
Verba volant, bits persist.
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December 17, 2014, 11:53:01 AM |
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People that think that's like the tulip-mania is because they don't know what they have on their wallets… the decentralized idea of bitcoin is unique and people is always focusing on their BTC/CNY or BTC/USD price… Don't be obsessive with the price, bitcoin is more than that.
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HODL!
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thirdprize
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December 17, 2014, 12:01:20 PM |
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At least that's what I just did, so I believe we are at or very close to the bottom.
Why would we be at the bottom? The selling is just beginning. Every time a new company like Microsoft offers bitcoin as a payment method, the market gains another auto-seller. There is no reason for the price to increase until this imbalance is corrected. The time to "go long" would be when a major company announces that it will be integrating bitcoin into its payroll options. This is not necessarily true. When additional companies start to accept bitcoin, more people will start to buy bitcoin for the sole purpose of spending it at one of such merchants. Each additional large company that accepts bitcoin makes it one company closer to having B2B bitcoin related payments If M$ ONLY accepted Btc then i would agree with you. However, M$ accepts all major payment types and so why would you convert to Btc first? You are bound to lose a little in the conversion so it would in fact cost you more. You might do it once, just because you could, but you wouldn't do it twice.
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MicroGuy
Legendary
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Activity: 2506
Merit: 1030
Twitter @realmicroguy
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December 17, 2014, 12:17:15 PM |
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Exactly. Some of the companies starting to accept bitcoin may cause more supply on the market, however overall more merchants accepting bitcoin are going to cause more people (consumers) to use it
Ordinary people are not going to take the additional step of converting fiat to BTC, so they can then buy things with BTC that they could have purchased directly with fiat. Consumers are not stupid and will not bother to take that additional unnecessary step. The only solution is for the community to wake up and realize that we need merchants to integrate BTC into their payrolls to offset the selling!
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youngmike
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December 17, 2014, 12:26:27 PM |
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Bitcoin is nothing but a money transfer system and not even easy to use compared to Paypal Forget the mass adoption, even 50$ BTC is overpriced when you think about how useful it is
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evok3d
Sr. Member
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Activity: 534
Merit: 250
The Protocol for the Audience Economy
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December 17, 2014, 12:39:45 PM |
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Bitcoin is nothing but a money transfer system and not even easy to use compared to Paypal Forget the mass adoption, even 50$ BTC is overpriced when you think about how useful it is I had to read that a few time because at first i thought you were supporting the idea but then i got confused of your aim. Bitcoin is like Internet 3.0 It has the ability to replace almost all online services along with the entire wall street handling/issuing and trading of shares, parliament/government voting and many other things. Look at a few of these services: http://www.bitnation.co/http://bitcongress.org/http://identi.fiTo say 1 BTC out of 21,000,000 in existence ( minus a few million perhaps for lost coins, satoshis coins etc.) is overpriced at $50 would indicate the lack of understanding on where this is all going. IMO the money/currency aspect that you mention Bitcoin being used for is less than 5% of its actual purpose, if that. The money aspect is just the beginning of what we will come to see. I doubt we will even talk about 1 Bitcoin in a few years time just as we dont speak about a 1 KG of Gold, instead we speak about grams or ounces and we will use bits as the value will be too large. just my 0.000001 BTC
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M ┄ E D ┄ I A
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| | │ | | │ | MEDIA Protocol in Action
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youngmike
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December 17, 2014, 12:46:14 PM |
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Bitcoin is nothing but a money transfer system and not even easy to use compared to Paypal Forget the mass adoption, even 50$ BTC is overpriced when you think about how useful it is I had to read that a few time because at first i thought you were supporting the idea but then i got confused of your aim. Bitcoin is like Internet 3.0 It has the ability to replace almost all online services along with the entire wall street handling/issuing and trading of shares, parliament/government voting and many other things. Look at a few of these services: http://www.bitnation.co/http://bitcongress.org/http://identi.fiTo say 1 BTC out of 21,000,000 in existence ( minus a few million perhaps for lost coins, satoshis coins etc.) is overpriced at $50 would indicate the lack of understanding on where this is all going. IMO the money/currency aspect that you mention Bitcoin being used for is less than 5% of its actual purpose, if that. The money aspect is just the beginning of what we will come to see. I doubt we will even talk about 1 Bitcoin in a few years time just as we dont speak about a 1 KG of Gold, instead we speak about grams or ounces and we will use bits as the value will be too large. just my 0.000001 BTC Yes flying cars have potential of replacing both planes and cars
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creuz
Member
Offline
Activity: 119
Merit: 10
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December 17, 2014, 12:49:34 PM |
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Bitcoin is nothing but a money transfer system and not even easy to use compared to Paypal Forget the mass adoption, even 50$ BTC is overpriced when you think about how useful it is Even if Bitcoin is ill-suited for instant money transfer, there are a few things that make it (and some alt) unique : - you are the owner of your coins as long as nobody else knows your private key (so avoid web wallets) ; - you don't need to trust anybody to store your money ; - you don't need to be accepted by financial system to receive coins ; - total amount is capped, and inflation controled meanwhile ; - there is a good level of anonymity if you stay in legit economy. So for a value storage system, Bitcoin is a must. For daily expense, I think we could transfer Bitcoin to a trusted intermediary (bank, Paypal) then use current system. Exposure is limited as you keep owning most part of your coins in your wallet. This is the best of two worlds. It is time to banking to change their business model.
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