Are you holding your bitcoin for a price increase? - page 197.

Falconer

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Quote from: Hopalong on August 24, 2015, 05:34:05 AM

And what would people living in countries in crisis do with bitcoin?

In crisis, they would trying to save their financial in other ways than staying with their inflated fiat, so there is a chance for them to get into bitcoin.

Quote from: Hopalong on August 24, 2015, 05:34:05 AM

If you have a crisis you need some safety not gambling on a experimental currency who have lost value the last two years.

Bitcoin dont lose its value, but its price just decreased.

Quote from: Hopalong on August 24, 2015, 05:34:05 AM

People who want to cheat on taxes or buy drugs and weapons are the ones who need a currency like bitcoin. Avoiding the law is the only real benefit of bitcoin.

Yeah, it is one of the advantages of bitcoin that be used by some people for bad thing. There is always the bad side from a technology.

Quote from: oxiyusuf on August 24, 2015, 05:48:06 AM

2 years in the future will be more and more users bitcoin, and bitcoin only 21 million, so the largest possible bitcoin prices surely will further increase

No one could guarantee that, its still be a speculation for now.

lahm-44

sr. member

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well I hope everyone have at least 1bitcoin in their cold storage or cold wallet but I don't have any bitcoin but I am thinking to save some in a paper wallet because bitcoin will be soon going to increase its upward rising train and i am not gonna miss that chance

vero

hero member

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yes i did, im holding 2 bitcoin and still waiting to sell my bitcoins when price up

Hopalong

member

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Quote from: RaginglikeaBoss on August 24, 2015, 05:42:12 AM

Quote from: Hopalong on August 24, 2015, 05:34:05 AM

Quote from: Falconer on August 24, 2015, 04:34:50 AM

Quote from: gentlemand on August 23, 2015, 05:06:16 PM

Quote from: Falconer on August 23, 2015, 02:27:18 PM

And when its price hit US$300 people will sell some of their bitcoin, then the price will be decreased again. There is just a little chance for its price will reach atleast US$500 for next 2 years imo.

All it needs is fresh demand from new buyers. There's no sign of that on the horizon but future developments might bring that. Right now it's just the same old characters batting coins back and forwards. Unless it manages to break out of its current niche it's not going anywhere.

Since its price is going down now, I guess people wont invest their money in bitcoin for now. The better targets to get newcomers are just for people who living in crisis country or those who getting problem with their taxes. In the other side, there are many negative news about bitcoin which it be used to buy drugs, weapons, etc.

And what would people living in countries in crisis do with bitcoin? If you have a crisis you need some safety not gambling on a experimental currency who have lost value the last two years.

People who want to cheat on taxes or buy drugs and weapons are the ones who need a currency like bitcoin. Avoiding the law is the only real benefit of bitcoin.

The same exact argument can be made for anything of value, a.k.a., a commodity. Gold is a perfect example.

It seems to be the same people who think both bitcoin andgold is a good long term investment to save yourself from a crisis. Gold has never been a good long term investment but can be used by rich people to avoid a fall in the stock market. In a disaster situation gold can help out because it has value while bitcoin is rendered useless without computers and power suply.

Gold is also very uncommon for criminals because it is not that easy to move around and hide. Imagine drug dealers hauling around gold bars...

The only good thing about investing in gold is the safety that it never will become worthless. No digital currency have that safety.

oxiyusuf

sr. member

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Quote from: Falconer on August 23, 2015, 02:27:18 PM

Quote from: MinerHQ on August 23, 2015, 10:42:29 AM

Quote from: BitcoinAddicts on August 23, 2015, 10:00:40 AM

I am afraid that if everybody is holding bitcoins, transactions will decrease and there won't be a bitcoin economy

I think your wrong, if everyone holds bitcoins then less bitcoins will trade in the market and buyers increase then price will automatically increase.

And when its price hit US$300 people will sell some of their bitcoin, then the price will be decreased again. There is just a little chance for its price will reach atleast US$500 for next 2 years imo.

2 years in the future will be more and more users bitcoin, and bitcoin only 21 million, so the largest possible bitcoin prices surely will further increase

RaginglikeaBoss

sr. member

Activity: 302

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Never before 11 P.M.

Quote from: Hopalong on August 24, 2015, 05:34:05 AM

Quote from: Falconer on August 24, 2015, 04:34:50 AM

Quote from: gentlemand on August 23, 2015, 05:06:16 PM

Quote from: Falconer on August 23, 2015, 02:27:18 PM

And when its price hit US$300 people will sell some of their bitcoin, then the price will be decreased again. There is just a little chance for its price will reach atleast US$500 for next 2 years imo.

All it needs is fresh demand from new buyers. There's no sign of that on the horizon but future developments might bring that. Right now it's just the same old characters batting coins back and forwards. Unless it manages to break out of its current niche it's not going anywhere.

Since its price is going down now, I guess people wont invest their money in bitcoin for now. The better targets to get newcomers are just for people who living in crisis country or those who getting problem with their taxes. In the other side, there are many negative news about bitcoin which it be used to buy drugs, weapons, etc.

And what would people living in countries in crisis do with bitcoin? If you have a crisis you need some safety not gambling on a experimental currency who have lost value the last two years.

People who want to cheat on taxes or buy drugs and weapons are the ones who need a currency like bitcoin. Avoiding the law is the only real benefit of bitcoin.

The same exact argument can be made for anything of value, a.k.a., a commodity. Gold is a perfect example.

Velkro

legendary

Activity: 2296

Merit: 1014

I bought high and keeping whole time

. Bitcoin will be worth fortune in future.

Hopalong

member

Activity: 112

Merit: 10

Quote from: Falconer on August 24, 2015, 04:34:50 AM

Quote from: gentlemand on August 23, 2015, 05:06:16 PM

Quote from: Falconer on August 23, 2015, 02:27:18 PM

And when its price hit US$300 people will sell some of their bitcoin, then the price will be decreased again. There is just a little chance for its price will reach atleast US$500 for next 2 years imo.

All it needs is fresh demand from new buyers. There's no sign of that on the horizon but future developments might bring that. Right now it's just the same old characters batting coins back and forwards. Unless it manages to break out of its current niche it's not going anywhere.

Since its price is going down now, I guess people wont invest their money in bitcoin for now. The better targets to get newcomers are just for people who living in crisis country or those who getting problem with their taxes. In the other side, there are many negative news about bitcoin which it be used to buy drugs, weapons, etc.

And what would people living in countries in crisis do with bitcoin? If you have a crisis you need some safety not gambling on a experimental currency who have lost value the last two years.

People who want to cheat on taxes or buy drugs and weapons are the ones who need a currency like bitcoin. Avoiding the law is the only real benefit of bitcoin.

MinerHQ

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Quote from: Falconer on August 23, 2015, 02:27:18 PM

Quote from: MinerHQ on August 23, 2015, 10:42:29 AM

Quote from: BitcoinAddicts on August 23, 2015, 10:00:40 AM

I am afraid that if everybody is holding bitcoins, transactions will decrease and there won't be a bitcoin economy

I think your wrong, if everyone holds bitcoins then less bitcoins will trade in the market and buyers increase then price will automatically increase.

And when its price hit US$300 people will sell some of their bitcoin, then the price will be decreased again. There is just a little chance for its price will reach atleast US$500 for next 2 years imo.

Your correct but now with all the new bad news about bitcoins it looks even longer time to reach that 500 level.

Falconer

legendary

Activity: 2506

Merit: 1125

Quote from: gentlemand on August 23, 2015, 05:06:16 PM

Quote from: Falconer on August 23, 2015, 02:27:18 PM

And when its price hit US$300 people will sell some of their bitcoin, then the price will be decreased again. There is just a little chance for its price will reach atleast US$500 for next 2 years imo.

All it needs is fresh demand from new buyers. There's no sign of that on the horizon but future developments might bring that. Right now it's just the same old characters batting coins back and forwards. Unless it manages to break out of its current niche it's not going anywhere.

Since its price is going down now, I guess people wont invest their money in bitcoin for now. The better targets to get newcomers are just for people who living in crisis country or those who getting problem with their taxes. In the other side, there are many negative news about bitcoin which it be used to buy drugs, weapons, etc.

buddycool

full member

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★YoBit.Net★ 350+ Coins Exchange & Dice

I am new to bitcoin world and trying to collect some satoshis in my blockchain wallet.

dollarneed

hero member

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Yes i am holding my bitcoin right now and i'm waiting for the price increase,but honestly i saved my bitcoin for 5 years later but its not much and i commit to never using it,some people holding bitcoin for the price increase,some people also spend their bitcoin for their necessities.

Delek

full member

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Salí para ver

That's very pessimistic point of view. Sad

Hopalong

member

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Merit: 10

Quote from: gentlemand on August 23, 2015, 05:06:16 PM

Quote from: Falconer on August 23, 2015, 02:27:18 PM

And when its price hit US$300 people will sell some of their bitcoin, then the price will be decreased again. There is just a little chance for its price will reach atleast US$500 for next 2 years imo.

All it needs is fresh demand from new buyers. There's no sign of that on the horizon but future developments might bring that. Right now it's just the same old characters batting coins back and forwards. Unless it manages to break out of its current niche it's not going anywhere.

That also explain why the price goes down all the time. The market cant absorb the new coins that are mined because it is just the same people trading and no newcomers join in.

gentlemand

legendary

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Welt Am Draht

Quote from: Falconer on August 23, 2015, 02:27:18 PM

And when its price hit US$300 people will sell some of their bitcoin, then the price will be decreased again. There is just a little chance for its price will reach atleast US$500 for next 2 years imo.

All it needs is fresh demand from new buyers. There's no sign of that on the horizon but future developments might bring that. Right now it's just the same old characters batting coins back and forwards. Unless it manages to break out of its current niche it's not going anywhere.

Falconer

legendary

Activity: 2506

Merit: 1125

Quote from: MinerHQ on August 23, 2015, 10:42:29 AM

Quote from: BitcoinAddicts on August 23, 2015, 10:00:40 AM

I am afraid that if everybody is holding bitcoins, transactions will decrease and there won't be a bitcoin economy

I think your wrong, if everyone holds bitcoins then less bitcoins will trade in the market and buyers increase then price will automatically increase.

And when its price hit US$300 people will sell some of their bitcoin, then the price will be decreased again. There is just a little chance for its price will reach atleast US$500 for next 2 years imo.

Kingno.1

sr. member

Activity: 243

Merit: 250

Yes I am holding my Bitcoins right now.
I also am buying some bits also because the price of Bitcoin is so low, I'm lovin it.

dinda22

legendary

Activity: 1232

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yeaah I trying to hold until bitcoin increases to prices $300 or more. but partly also I use

.

MinerHQ

legendary

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Merit: 1023

Quote from: BitcoinAddicts on August 23, 2015, 10:00:40 AM

I am afraid that if everybody is holding bitcoins, transactions will decrease and there won't be a bitcoin economy

I think your wrong, if everyone holds bitcoins then less bitcoins will trade in the market and buyers increase then price will automatically increase.

BitcoinAddicts

hero member

Activity: 502

Merit: 500

I am afraid that if everybody is holding bitcoins, transactions will decrease and there won't be a bitcoin economy

Topic: Are you holding your bitcoin for a price increase? - page 197. (Read 247079 times)