Are you holding your bitcoin for a price increase? - page 171.

cohnhead

hero member

Activity: 840

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Quote from: MbitSport on November 03, 2015, 02:32:32 PM

Im fairly new to bitcoin, & my plan is to do both, no different from how i (and probably most others) operate anyways, the way i see it, i want to hold on to as much BTC as possible but when i say hold on to, i mean no different from how i "hold" on to my money or savings now, ill save the vast majority of it (once i have a majority lol), but spend a few satoshi here and there when & if needed but ill never spend spend spend till i have none left, ideally i want to get to a possition where i have at least 1Bitcoin in any given time.

Current goal: 10

Current bitcoins: 0.005xxxxxx

Opened up a wallet a few days ago =) After weeks of watching videos and reading up on the coin, I can see its potential so yeah i would like to hold on to a few.

welcome MbitSport and goodluck . I like your plan. There are a lot of bad players in this space all clamoring to get possession of your btc, so tread carefully.
One practice you should abide...never give blind trust to anyone on this forum who has not earned it...and even then again tread carefully

croato

hero member

Activity: 616

Merit: 500

1BkEzspSxp2zzHiZTtUZJ6TjEb1hERFdRr

Unfortunately i have sold most of my coins at 300ish and now i am sorry for that. Bought at 220ish so i have achieved some profit from that, and also still have few coins for early retirement when price skyrocket lol. I could do better but it is all cool.

Masta Splint

newbie

Activity: 6

Merit: 0

Well lets see, yes I have bitcoins, well not a whole bitcoin yet but am getting there slowly. I dont think I am going to just sit on my bitcoins when I start to have enough to actually add up to some real money, but I guess we will see what happens when I get more in my account. I would very much like to see the price increase again since I somewhat am just getting into bitcoins and really dont have much of anything just yet. IF the valu e of them would go up it would obvisouly mean that the little I have is worth more which would be great in my book. Hahahahaha. Anyone know when this increase is going to happen if ever again?

MbitSport

member

Activity: 78

Merit: 10

Im fairly new to bitcoin, & my plan is to do both, no different from how i (and probably most others) operate anyways, the way i see it, i want to hold on to as much BTC as possible but when i say hold on to, i mean no different from how i "hold" on to my money or savings now, ill save the vast majority of it (once i have a majority lol), but spend a few satoshi here and there when & if needed but ill never spend spend spend till i have none left, ideally i want to get to a possition where i have at least 1Bitcoin in any given time.

Current goal: 10

Current bitcoins: 0.005xxxxxx

Opened up a wallet a few days ago =) After weeks of watching videos and reading up on the coin, I can see its potential so yeah i would like to hold on to a few.

Coin Market

newbie

Activity: 14

Merit: 0

I mine bitcoins, buy bitcoins. I hod most and use some when necessary.

When I use bitcoin, it will promote its adoption, therefore increases it value.

prodigy8

hero member

Activity: 532

Merit: 500

Quote from: AtheistAKASaneBrain on November 03, 2015, 08:49:59 AM

Quote from: prodigy8 on November 02, 2015, 03:57:05 PM

Quote from: quadriple7 on November 02, 2015, 02:38:19 PM

i dont have enough bitcoins to hold in my opinion

Whatever you have if you are holding that is counted too.
Personally i am holding and probably not selling in the near future.
Because i can earn more if i sell after few months, because fiat has the same value comparing to bitcoin.

The best way to go about this is the good old B&H one, namely buy and hold, buy monthly some of it, at whatever price, no matter the price just always buy some, that's how you keep building an stack and overtime you'll realize every single buy was a cheap buy.

Buying is every time the easiest part of the deal.
I think that selling is the most problematic part because of the price.
Most of us understood that holding is good especially today when the price hits the max.

leex1528

hero member

Activity: 784

Merit: 1000

I am always holding coins. Even if the price sky rockets to 1million a coin(I don't think that is going to happen) I would still be holding some coins. I would probably sell some and pay some bills and stuff but I think I will always be holding.

afriezalie

sr. member

Activity: 364

Merit: 250

I don't hold my bitcoin for price increasing, but for saving. I just save my bitcoin to buy something in future. Price increasing is just like a bonus for me while I save my bitcoin.

v3crax

newbie

Activity: 1

Merit: 0

I'm hoarding bitcoin and probably won't see myself selling for some years and if I do sell it will be a small bit. I don't have a ton of Bitcoin, but it's rising steadily. I also tend to not care about what 1BTC = However many USDs, I'm just behind the awesome concept.

cohnhead

hero member

Activity: 840

Merit: 1000

Quote from: AtheistAKASaneBrain on November 03, 2015, 08:49:59 AM

Quote from: prodigy8 on November 02, 2015, 03:57:05 PM

Quote from: quadriple7 on November 02, 2015, 02:38:19 PM

i dont have enough bitcoins to hold in my opinion

Whatever you have if you are holding that is counted too.
Personally i am holding and probably not selling in the near future.
Because i can earn more if i sell after few months, because fiat has the same value comparing to bitcoin.

The best way to go about this is the good old B&H one, namely buy and hold, buy monthly some of it, at whatever price, no matter the price just always buy some, that's how you keep building an stack and overtime you'll realize every single buy was a cheap buy.

probably one of the best investment strategies out there, buying at regular intervals. Typically in the long run you get to take advantage both ups and downs and get to price average. A lot of people do it weekly. Just seems that if you started a month or two ago you have not been able to average down :-(

goinmerry

legendary

Activity: 2940

Merit: 1083

Yes yes yes. But.. there is always that but. It is becoming scary. The more it goes up. The more it is getting risky. I just hope it stays right there on the top.

AtheistAKASaneBrain

hero member

Activity: 770

Merit: 509

Quote from: prodigy8 on November 02, 2015, 03:57:05 PM

Quote from: quadriple7 on November 02, 2015, 02:38:19 PM

i dont have enough bitcoins to hold in my opinion

Whatever you have if you are holding that is counted too.
Personally i am holding and probably not selling in the near future.
Because i can earn more if i sell after few months, because fiat has the same value comparing to bitcoin.

The best way to go about this is the good old B&H one, namely buy and hold, buy monthly some of it, at whatever price, no matter the price just always buy some, that's how you keep building an stack and overtime you'll realize every single buy was a cheap buy.

cohnhead

hero member

Activity: 840

Merit: 1000

Quote from: Soros Shorts on November 03, 2015, 06:18:58 AM

Quote from: BitmoreCoin on November 03, 2015, 03:45:53 AM

Quote from: cohnhead on November 02, 2015, 08:34:19 PM

Based on economic theory, shouldn't the price of bitcoin be somewhat close to the marginal cost of production?

Given the average cost of electricity around the globe, current difficulty on the network and average computing power of mining equipment ...the price should probably be more like $300.

Personally, I think price should be around $3,000 usd...so holding till then

The price of bitcoin should be somewhat close to the marginal cost of production. It is based on the cheapest electricity cost of the miners. Which is around $0.05/kWh. So the electricity cost is around $150. However, the total cost is around $300 if we include the building, labour etc.

Due to difficult adjustments the supply of Bitcoin is relatively inelastic regardless of the cost of production. You need to calculate it backwards - the marginal cost of production will (attempt to) adjust to the current price. However the relationship will lag because miners don't go online and offline instantaneously.

Adam Hayes wrote research paper around feb/mar 2015. He extrapolated cost to mine at 255-260 (when difficulty was 47,427,554,951) ...now difficulty is 62,253,982,450.

Also calculated that due to effect of halving ( all thing constant) price should jump to around $495.

That's with all things constant which they are not...difficulty has already risen around 34% from when paper was written...yes equipment efficiencies have gotten better but not as fast as the rise in difficulty.

http://www.economicpolicyresearch.org/econ/2015/NSSR_WP_052015.pdf
Also

wadili89

legendary

Activity: 1106

Merit: 1000

Quote from: ronaldo40 on November 03, 2015, 06:11:32 AM

yeah this time I am optimistic to hold my bitcoin for a high prices, the possibility of holding until in early 2016 when prices are above $400 Grin

you dont really need to wait the next year for the 400$ per BTC even not the next month because the price will be 400$ or more at the end of this current week because its already about 393$ if you have not checked already ,to the moon

Soros Shorts

donator

Activity: 1617

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Quote from: BitmoreCoin on November 03, 2015, 03:45:53 AM

Quote from: cohnhead on November 02, 2015, 08:34:19 PM

Based on economic theory, shouldn't the price of bitcoin be somewhat close to the marginal cost of production?

Given the average cost of electricity around the globe, current difficulty on the network and average computing power of mining equipment ...the price should probably be more like $300.

Personally, I think price should be around $3,000 usd...so holding till then

The price of bitcoin should be somewhat close to the marginal cost of production. It is based on the cheapest electricity cost of the miners. Which is around $0.05/kWh. So the electricity cost is around $150. However, the total cost is around $300 if we include the building, labour etc.

Due to difficult adjustments the supply of Bitcoin is relatively inelastic regardless of the cost of production. You need to calculate it backwards - the marginal cost of production will (attempt to) adjust to the current price. However the relationship will lag because miners don't go online and offline instantaneously.

ronaldo40

legendary

Activity: 1554

Merit: 1014

yeah this time I am optimistic to hold my bitcoin for a high prices, the possibility of holding until in early 2016 when prices are above $400 Grin

Andrelvogue

full member

Activity: 140

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Yes I think is smart holding it do just buy 1 or 5 if you want to be really save, but If you know for sure in well increase just buy 10 BTC or more.

BitmoreCoin

sr. member

Activity: 406

Merit: 250

Quote from: cohnhead on November 02, 2015, 08:34:19 PM

Based on economic theory, shouldn't the price of bitcoin be somewhat close to the marginal cost of production?

Given the average cost of electricity around the globe, current difficulty on the network and average computing power of mining equipment ...the price should probably be more like $300.

Personally, I think price should be around $3,000 usd...so holding till then

The price of bitcoin should be somewhat close to the marginal cost of production. It is based on the cheapest electricity cost of the miners. Which is around $0.05/kWh. So the electricity cost is around $150. However, the total cost is around $300 if we include the building, labour etc.

cohnhead

hero member

Activity: 840

Merit: 1000

Quote from: boopy265420 on November 02, 2015, 04:03:36 PM

I am holding my Bitcoin for long time and I was always sure there will be increase in price soon.This is still is correction in price and real price of bitcoin should be somewhere 500 USD for this moment.I am going to keep my cold wallet untouched continuously.

Based on economic theory, shouldn't the price of bitcoin be somewhat close to the marginal cost of production?

Given the average cost of electricity around the globe, current difficulty on the network and average computing power of mining equipment ...the price should probably be more like $300.

Personally, I think price should be around $3,000 usd...so holding till then

harizen

legendary

Activity: 3122

Merit: 1398

For support ➡️ help.bc.game

To all holders, until when you will hold your coins? Of course someone will answer until the price hits the moon. What is the right price? $500 , $1000? You think you can sell your coins if the price will reach again that value? I think no because if btc price hits that, you are expecting much higher value so you will still hold.

This post excludes all traders since an average trader even he do holding, still he rotates the money where the profit is possible.

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