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I need bitcoin to be $690 to break even.....will I make it?
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Topic: I need bitcoin to be $690 to break even.....will I make it? (Read 26221 times)
Dafar
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I need bitcoin to be $690 to break even.....will I make it?
March 01, 2015, 11:34:57 PM
#1
Will I make it?
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Re: I need bitcoin to be $690 to break even.....will I make it?
March 01, 2015, 11:38:37 PM
#2
Quote from: Dafar on March 01, 2015, 11:34:57 PM
Will I make it?
Any timeline?
Revewing Bitcoin / Crypto mining Hardware.
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Re: I need bitcoin to be $690 to break even.....will I make it?
March 01, 2015, 11:40:58 PM
#3
If you're still valuing your bitcoins based on an exchange rate, you're doing it wrong.
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Re: I need bitcoin to be $690 to break even.....will I make it?
March 01, 2015, 11:50:07 PM
#4
Quote from: goxed on March 01, 2015, 11:38:37 PM
Quote from: Dafar on March 01, 2015, 11:34:57 PM
Will I make it?
Any timeline?
5 years would be ideal... after that I might give up
Quote from: OgNasty on March 01, 2015, 11:40:58 PM
If you're still valuing your bitcoins based on an exchange rate, you're doing it wrong.
How else would I measure its purchasing power? If I don't value it by its purchasing power how else should it be valued??
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Re: I need bitcoin to be $690 to break even.....will I make it?
March 01, 2015, 11:50:17 PM
#5
Quote from: OgNasty on March 01, 2015, 11:40:58 PM
If you're still valuing your bitcoins based on an exchange rate, you're doing it wrong.
I'm sure the OP would sell you all of his BTC for $690/BTC. I'll cut you a bargain and sell mine at $400/BTC.
Edit: I was very surprised to read this comment from you.
dmeter
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Re: I need bitcoin to be $690 to break even.....will I make it?
March 01, 2015, 11:56:24 PM
#6
Quote from: Dafar on March 01, 2015, 11:34:57 PM
Will I make it?
Learn chines and ask in chines subforum
whay because china control
btcchina 5,307,767 BTC 36.80 % CNY
okcoin 3,915,284 BTC 27.15 % CNY USD
huobi 1,969,329 BTC 13.66 % CNY
bitfinex 1,214,340 BTC 8.42 % USD
lakebtc 376,095 2.61 %
total market share in last 6 month 88,64 % total Bitcoin market
if china bay BTC easy BTC go to 1000$ if sale easy go to 1$
Eu control 6%
Usa control 4-5%
Also i sale my BTC if come to 300$
BlindMayorBitcorn
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Re: I need bitcoin to be $690 to break even.....will I make it?
March 01, 2015, 11:57:28 PM
#7
Try not to think of it as
losing money
. Think of it as gaining power pellets
Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
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Re: I need bitcoin to be $690 to break even.....will I make it?
March 01, 2015, 11:59:38 PM
#8
Quote from: Dafar on March 01, 2015, 11:34:57 PM
Will I make it?
Eventually. Sit on your paper losses until then.
If you have some extra cash, buy now to bring the break even price down.
Dafar
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Re: I need bitcoin to be $690 to break even.....will I make it?
March 02, 2015, 12:08:51 AM
#9
Quote from: polynesia on March 01, 2015, 11:59:38 PM
Quote from: Dafar on March 01, 2015, 11:34:57 PM
Will I make it?
Eventually. Sit on your paper losses until then.
If you have some extra cash, buy now to bring the break even price down.
I do, but I also put in ~$25K into bitcoin in the last year, which is a lot already, should I really risk more.... bitcoin price recovering is still uncertain
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AtheistAKASaneBrain
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Re: I need bitcoin to be $690 to break even.....will I make it?
March 02, 2015, 12:09:35 AM
#10
If you have patience you will regain your loses.
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Re: I need bitcoin to be $690 to break even.....will I make it?
March 02, 2015, 12:23:35 AM
#11
Quote from: AtheistAKASaneBrain on March 02, 2015, 12:09:35 AM
If you have patience you will regain your loses.
How much patience..... are we talking 2 years or 20 years?
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Re: I need bitcoin to be $690 to break even.....will I make it?
March 02, 2015, 12:31:10 AM
#12
You should be able to make it, as Bitcoin will gain value over time. The time period is something you should be concerned with, as it may take years
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gentlemand
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Re: I need bitcoin to be $690 to break even.....will I make it?
March 02, 2015, 12:32:24 AM
#13
Quote from: Dafar on March 01, 2015, 11:50:07 PM
5 years would be ideal... after that I might give up
I think that's a sensible time frame. We'll know whether it has a chance of kicking off properly long before that. The biggest hurdles are likely to be surmounted over the course of the next couple of years.
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Re: I need bitcoin to be $690 to break even.....will I make it?
March 02, 2015, 02:25:33 AM
#14
Quote from: Dafar on March 01, 2015, 11:50:07 PM
Quote from: goxed on March 01, 2015, 11:38:37 PM
Quote from: Dafar on March 01, 2015, 11:34:57 PM
Will I make it?
Any timeline?
5 years would be ideal... after that I might give up
Quote from: OgNasty on March 01, 2015, 11:40:58 PM
If you're still valuing your bitcoins based on an exchange rate, you're doing it wrong.
How else would I measure its purchasing power? If I don't value it by its purchasing power how else should it be valued??
Exchange rate != purchasing power.
Purchasing power parity is tough to determine, the Big Mac index that the Economist publishes is your best bet. What you should do is look at how many BTC are required to buy 1 Big Mac over the next 5 years (on average). You'll know deep in your bones what inflationary vs. deflationary means then
Buy the dip with the security and privacy of your own wallet: use cross chain atomic swaps to trade Bitcoin, USDT, and Ether. Trades are secured and settled on-chain.
https://sibex.io
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Re: I need bitcoin to be $690 to break even.....will I make it?
March 02, 2015, 02:49:17 AM
#15
Quote from: Dafar on March 01, 2015, 11:34:57 PM
Will I make it?
Best if can average down your price to about $300-400, since bitcoin now is cheap..
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Re: I need bitcoin to be $690 to break even.....will I make it?
March 02, 2015, 04:03:54 AM
#16
Quote from: ChicagoSchooler on March 02, 2015, 03:33:07 AM
Quote from: Dafar on March 01, 2015, 11:34:57 PM
Will I make it?
BTC looks like it's about to be eclipsed by XRP, but I'm not suggesting that you buy XRP, though a long XRP/short BTC might be good for a short term trade.
Why use BTC when XRP fully confirms in 10 seconds?
I'd recommend value investing the cryptocurrencies that look like they have what everyone complains of BTC.
Fuck your shitty XRP bullshit.... please go
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BlackSpidy
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Re: I need bitcoin to be $690 to break even.....will I make it?
March 02, 2015, 04:52:29 AM
#17
Yeah, you can get even in 2 or three years. I would
hope
that we reach it in 2015, but I think we're gonna see that price again October of 2016. Maybe a bit before then. Then we're gonna get to $800+ sometime after the halving coming December 2016. But that's just a guess.
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grendel25
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Re: I need bitcoin to be $690 to break even.....will I make it?
March 02, 2015, 06:33:29 AM
#18
Sounds like speculation but oh well. How patient are you? Also, usually if you have to ask it's a bad sign. Never good to be in a position of weakness when it comes to economics. Usually turns out bad. But I hope it turns out well for you (hope is also usually a curse in financial issues) money = hope
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Monnt
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Re: I need bitcoin to be $690 to break even.....will I make it?
March 02, 2015, 06:34:02 AM
#19
Quote from: Dafar on March 01, 2015, 11:34:57 PM
Will I make it?
How much do you hold currently?
jacktheking
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Re: I need bitcoin to be $690 to break even.....will I make it?
March 02, 2015, 06:54:49 AM
#20
Five years to break even - reach $690? Are you kidding me? At current Bitcoin growth, I believe that Bitcoin will reach $700 in two years time. And probably over a thousand in five years.
So sad! This profile does not appear as the #1 result (on anonymous) Google searches anymore.
Time to be active on the crypto forums again? Proud to be one of the few Legendary members of the Sparkie Red Dot!
Gonna put this on my resume if I ever join a cryptocurrency/blockchain industry!
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