Price drop : bitcoinners happy ?

[tyrexs]

yes im so happy and im waiting bitcoin under $100 

[1714004510]

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[1714004510]

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[sgk]

Hello all ,
Why people are happy about the prices drop
I ask a miner he said that he is happy too why ? his profile will drop also

A miner shouldn't be happy in this situatuion. He has to pay maintenance to keep the rigs functioning. The lower the BTC price, the harder it becomes to run a mining rig.

If he was just someone who wanted to purchase BTC with fiat, I would understand that he is happy - cheap coins.

[conteaza]

I saw two things happen recently:
1. A big increase in difficulty
2. Exchange rates dropping

What this means:
1. It costs more to mine
2. Mines get less fiat for their BTC

At some point it is going to level off, where a large percentage of miners decide it is no longer profitable to mine (we already see this with cex.io/ghash.io). Another large percentage of miners who are still able to mine for a small profit probably because of cheap electricity (we see this with that  large Unknown miner). Over time, the exchange value for BTC will become stable. In my opinion the exchange value will drop to around $100-$150 before that happens. The up & down swings are making too many people nervous, especially large investors.

Big increase in difficulty happened before the drop, currently it's decreasing

[bornil267645]

Not sure about the bit-coiners. but some of the early new are very happy to buy bitcoin at a low price.

[dsyahputera]

I don't know why, but I hate this.  
Maybe anyone who love faucet will happy with this, because the price effect the faucet claim value

[xmasdobo]

Not sure about the bit-coiners. but some of the early new are very happy to buy bitcoin at a low price.

I take it as a wealth distribution. Everyone that wanted to get in in mid 2013 has been waiting for something like this to happen. At this point one is risking to wait for too long for that ideal price.

[pjviitas]

Some of don't think Bitcoin is here to take over fiat however we think that Bitcoin has a chance as a token-currency (like loyalty points).

Until Bitcoin gets to fractions of a dollar this won't happen.

[Faustian]

It looks like it is stable enough where I can purchase some.

[Oscilson]

If the price stays here for long time, then creeps up slowly, then it is good for the bitcoin economy.

[Benjig]

An investor is a person who allocates capital with the expectation of a future financial return. Types of investments include: equity, debt securities, real estate, currency, commodity, derivatives such as put and call options, etc.

Bitcoin investors are happy when they get profit, raise or lower the price.

[Fatov]

like always...
bulls are sad
bears are happy
Profit decides