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Author Topic: I need bitcoin to be $690 to break even.....will I make it?  (Read 25824 times)
silverfish85
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September 16, 2015, 03:01:37 PM
 #341

If you want to wait for many years, then maybe you can break even. But in near future, I don't think so.
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September 16, 2015, 04:24:07 PM
 #342

If you want to wait for many years, then maybe you can break even. But in near future, I don't think so.

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manselr
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September 16, 2015, 06:41:02 PM
 #343

ALL,

Thanks for all the messages, I read every one of them and you guys are very positive which is refreshing during this time.

But real talk, what the FUCK is going on with this sub $250-$300 price? (Edit- Actually the price is at $230 now, wow)... we are about to approach 2 years of bear market. You early motherfuckers used to see massive bubbles every year, now it's almost become a fantasy. What if there are no more bubbles? What if the block size debate and other limitations becomes the end of bitcoin? What if the devs decide to get rid of the 21million supply cap? There are so many things that are possible that could lead us to a shitty price....

Yet I still have hope. I'm almost positive we are in the extreme lows right now and the price will eventually rise by 2016 block halving. But I have my doubts about it reaching ATH again, or even $1000, or even $690 where I would break even (Update- I've been buying in the 200s and my price avg should be lower than $690... it's maybe about $630 now). It just sucks that I will probably have to wait another year to see any exciting action... I'm really sick of all the bad news and the bear market that never ends.


You are looking at this the wrong way sir.


Excuse me?


You have posted this thread on March 01, 2015, 11:34:57 PM, so you can compare now and then value of Bitcoin, I hope you are nearing to the point of break even, hope you will make it down the line in 6 months or a year and wishing you for very good luck !
"We must accept finite disappointment, but never lose infinite hope" -- Martin Luther King, Jr.

Wow, 6 months ago.... and the price right now is $230, pretty sure it's lower than when I posted  Embarrassed
But still, I know bitcoin is going through rough patches right now....


I would just hold for a few more years and see where it goes, you can invest in some other Alts if you wanna try your luck, but best bet is to just hold and hope for the best.


That's what I'm thinking, about needing to hold for a few years....I don't forsee any kind of rally or exciting news anytime soon.



Not any time soon. I would stay bulllish as hell now that we'll see lower prices thanks to the blocksize debate and people having doubts (ignore them they are clueless and bitcoin will live on one way or another). Keep buying monthly, all month is bull month.

I think this is the last time bitcoin will be this cheap, next bounce off i think it will take off and go to the moon!

I just hope it doesnt even get back to 500 $ ever, it stays 700$-1000$ range for the next 2-3 years!


You are very optimistic, it's just hard to be when you see the kind of bullshit that's been happening over the last year. Any tiny uprising we see in price have been crushed by downward pressure. Any good news gets buried by all the bad ones. The sentiment and confidence in the community seems to be near an all time low, which is understandable because of this damn 2 year bear market. I just hope things turn around and go the other way for once


The price is insanely manipulated, the marketcap is tiny (which only shows the potential Bitcoin has to grow). It's a waste of time trying to mentally masturbate about the price too much, the best tactic is just to buy as much as possible monthly. If you study the technology and understand the context in history where Bitcoin has appeared it should be clear how it is destined to win. Of course everything can go to 0, but I would say there is a 20% chance vs 80% of it becoming insanely valuable in the next years.

Telegram; @bitcointalkaccseller
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September 17, 2015, 03:08:37 AM
 #344

I would cut your losses once it goes back to $300 a coin. Bitcoin has become a lot more stable since it was $600 a coin. More states and countries have accepted or welcomed bitcoin, and I believe with more regulatory acceptance, the more stable the price will be. You may have to wait 5 years for it to get anywhere near that price, and thats a long time and a lot of risk to wait that long if you are trying to recoup those losses.
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September 17, 2015, 03:12:43 AM
 #345

Will I make it?

Ask not what bitcoin price appreciation can do for you but what you can do to help promote the adoption of bitcoin.

Hoping the price will go up will not help anyone. Building something useful with blockchain technology just might.
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September 17, 2015, 07:34:20 AM
 #346

With difficulty change according to mining hash rates which is actually getting change along with number of miners which has main attraction with current bitcoin price. So, everything come in one chain to get the price feasible at any level.

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September 17, 2015, 07:57:50 AM
 #347

If you want to wait for many years, then maybe you can break even. But in near future, I don't think so.

he can probably do it next year from 6 to 3 months before the halving, it's guaranteed that something will happen by then, and because everyone know it, they will make something actually happen.
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September 17, 2015, 08:32:54 AM
 #348

Yes it will happen within 1 year of OP posting date, 31 march 2016
2016 will be the year of bitcoin again like 2013 was
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September 19, 2015, 10:31:25 PM
 #349

If the price dips just hold it until it rises, then sell if you want to get out. Investing in anything is always a risk, and btc is no different.
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September 19, 2015, 10:38:48 PM
 #350

Yes it will happen within 1 year of OP posting date, 31 march 2016
2016 will be the year of bitcoin again like 2013 was

Just curious... what is your reasoning behind this? Is it because of those major banks like Barclays using the blockchain?

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September 20, 2015, 03:37:07 AM
 #351

The litmus test of whether you've invested too much is if you panic when price drops.  Invest only what you're willing to lose and stick with it the whole way through or until your exit strategy kicks in.

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September 20, 2015, 05:29:14 PM
 #352

most people buying high and selling low, and then crying in a couple of years while asking to themselves why they sold an asset that has grown by more than 1000% every years since it's creation
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September 20, 2015, 08:34:18 PM
 #353

I just finished crunching the numbers. Sorry Embarrassed

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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September 26, 2015, 07:49:53 AM
 #354

Will I make it?

For sure. You must go to everyone person on this earth and talk with everyone about it. Then you must convince everyone of them that bitcoin is a big invention and have to many specifics that make it unique. You must convince them about its importance and about the future of it. You must convince them that everyone of them must have as much as they can bitcoin in their wallet for their benefit. In this way they will run to buy some. This will increase to much the demand for bitcoin and this increased demand will raise without doubt the price of it. Doing all this will be end of story. You will have not only your $690 price but much more and you will have not only your break even but even much profit.
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