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Topic: bitcoin - game over - page 4. (Read 8999 times)

full member
Activity: 150
Merit: 100
1EDwkxCjCMGGNQqZdxa8FwheMHXSoQe4TU
June 09, 2013, 05:56:43 AM
#34
$55 to $60 is a perfect price to buy with bitcoin and $1,5 is a perfect price for litecoin.
If you trust into cryptocurrencies I do not think price will go lower than that unless cryptocurrencies die.
But you should trust no one  Wink
sr. member
Activity: 350
Merit: 250
June 09, 2013, 05:46:38 AM
#33
It's been very quite recently as far as it concerns the bitcoin.
After the big headlines in the news papers, the buzz is over.
I don't see many people are trading bitcoin for goods. Most people are just holding their coins so the volumes are low.
I have a feeling it is dieing slowly and quietly.

Correct me if I am wrong.

Me: Bitcoin is cool!
95% of my facebook friends: What's Bitcoin?

What big headlines? The media has no idea.

Quite a few people I meet have heard of them, so far im reaching 1/2-1/4 people. I walked into the bar last night, an older lady says, hey its Bitcoin,

I also do not think bitcoin is dead, but I think there will be cheeper prices to snatch up more for less.

Again, I am very doubtful of bitcoin, but I am completely aware of, this has all happened before have no worries. That bitcoin has grown to a level that is unprecedented, The future is bright, it will eventually make proper headlines. Consultants should get ready to be taking calls from businesses in the somewhat near future.

As one, I have major concerns affecting adoption and I do expect the learn that what we see today is a basic early version of bitcoin. I also wonder if the specific cryptocoin I own is also going the be the one worth anything in the future.
legendary
Activity: 3066
Merit: 1047
Your country may be your worst enemy
June 09, 2013, 05:34:34 AM
#32
It's like a diamond which has many facets. The price of bitcoin is only one facet. We must also consider the number of people owning bitcoins, the number of transactions they do, the number of businesses accepting bitcoin, the number of companies developing applications for bitcoin... There are many indicators telling that bitcoin is growing.
hero member
Activity: 634
Merit: 500
June 09, 2013, 05:29:02 AM
#31
Game over. 3 year old crypto-currency selling for 93 times that of the dollar issued by the worlds largest economy. Run for the hills.

Just one drop of perspective ruins an entire bowl of gloom and doom.

sr. member
Activity: 462
Merit: 250
PXC Research Team
June 09, 2013, 05:25:19 AM
#30
It's been very quite recently as far as it concerns the bitcoin.
After the big headlines in the news papers, the buzz is over.
I don't see many people are trading bitcoin for goods. Most people are just holding their coins so the volumes are low.
I have a feeling it is dieing slowly and quietly.

Correct me if I am wrong.

Me: Bitcoin is cool!
95% of my facebook friends: What's Bitcoin?

What big headlines? The media has no idea.

I live in Pakistan and here
Me: Bitcoin is the future
99.9% of Pakistan what is this.
full member
Activity: 126
Merit: 100
Capitalism is the crisis.
June 09, 2013, 05:19:37 AM
#29
It's been very quite recently as far as it concerns the bitcoin.
After the big headlines in the news papers, the buzz is over.
I don't see many people are trading bitcoin for goods. Most people are just holding their coins so the volumes are low.
I have a feeling it is dieing slowly and quietly.

Correct me if I am wrong.

Me: Bitcoin is cool!
95% of my facebook friends: What's Bitcoin?

What big headlines? The media has no idea.
N12
donator
Activity: 1610
Merit: 1010
June 09, 2013, 05:16:11 AM
#28
This is not 2011.
No, it's not 2011.

It's worse.
anu
legendary
Activity: 1218
Merit: 1001
RepuX - Enterprise Blockchain Protocol
June 09, 2013, 05:15:07 AM
#27
value dropping like a rock.... Cry

Oh my, how many times have I read that BS. Just a few months back, $20 was unsustainable.

Unless something really bad is happening, such as a ban on the possession of Bitcoin, even a prolonged bear market seems highly unlikely, because unlike OP, too many people expect that the price development from 2010 to now will continue, which means that in less than 3 years from now, we'll see 4-digits. This is not 2011. And this is certainly not game over.
sr. member
Activity: 252
Merit: 250
June 09, 2013, 05:14:15 AM
#26
it was at 87 a few weeks ago and bounced back to 130.  I'm sure you said it was "game over" then too.  If you say that every time it drops, you will be right eventually but wrong every other time of course.
+1 As I said before, firm believers shall ignore the price fluctuation and pity those who have not been blessed.
amen
sr. member
Activity: 252
Merit: 250
June 09, 2013, 05:13:55 AM
#25
it is not game over, but it is not time to buy or hold. based on all the fundamentals, bitcoin is worth  A LOT LESS than 94x the dollar. Until oil(or major commodity) is sold for bitcoin, this is a speculative price that has no basis in reality.

I also think a bitcoin can be worth 0 dollars and still not be game over.

1 bitcoin can be worth 1 barrel of oil.

I agree that now is "wait and see" time, but I disagree with your comment on the price.

If BTC is used *anything like* a reserve currency, or used for buying oil, it's price would need to be several *orders of magnitude* larger than it is currently -- we're talking millions of USD per BTC.

90M barrels of oil are used daily, $100 per barrel

that's 9 trillion dollars of money flow per day.

There are only ~12M BTC in existence. I'll let you do the maths....


It would take significantly less than "using BTC to trade for a major commodity" to support a value of over $100.
wait and get slaughtered you saying?

slaughtered, you say? My bitcoins are still worth 100x more then when I got them.
good for you,

bad for everyone else
legendary
Activity: 1358
Merit: 1002
June 09, 2013, 05:13:10 AM
#24
it is not game over, but it is not time to buy or hold. based on all the fundamentals, bitcoin is worth  A LOT LESS than 94x the dollar. Until oil(or major commodity) is sold for bitcoin, this is a speculative price that has no basis in reality.

I also think a bitcoin can be worth 0 dollars and still not be game over.

1 bitcoin can be worth 1 barrel of oil.

I agree that now is "wait and see" time, but I disagree with your comment on the price.

If BTC is used *anything like* a reserve currency, or used for buying oil, it's price would need to be several *orders of magnitude* larger than it is currently -- we're talking millions of USD per BTC.

90M barrels of oil are used daily, $100 per barrel

that's 9 trillion dollars of money flow per day.

There are only ~12M BTC in existence. I'll let you do the maths....


It would take significantly less than "using BTC to trade for a major commodity" to support a value of over $100.
wait and get slaughtered you saying?

slaughtered, you say? Using your price tag, my bitcoins are still worth 100x more then when I got them.
legendary
Activity: 1621
Merit: 1000
news.8btc.com
June 09, 2013, 05:12:20 AM
#23
it was at 87 a few weeks ago and bounced back to 130.  I'm sure you said it was "game over" then too.  If you say that every time it drops, you will be right eventually but wrong every other time of course.
+1 As I said before, firm believers shall ignore the price fluctuation and pity those who have not been blessed.
sr. member
Activity: 252
Merit: 250
June 09, 2013, 05:04:44 AM
#22
it is not game over, but it is not time to buy or hold. based on all the fundamentals, bitcoin is worth  A LOT LESS than 94x the dollar. Until oil(or major commodity) is sold for bitcoin, this is a speculative price that has no basis in reality.

I also think a bitcoin can be worth 0 dollars and still not be game over.

1 bitcoin can be worth 1 barrel of oil.

I agree that now is "wait and see" time, but I disagree with your comment on the price.

If BTC is used *anything like* a reserve currency, or used for buying oil, it's price would need to be several *orders of magnitude* larger than it is currently -- we're talking millions of USD per BTC.

90M barrels of oil are used daily, $100 per barrel

that's 9 trillion dollars of money flow per day.

There are only ~12M BTC in existence. I'll let you do the maths....


It would take significantly less than "using BTC to trade for a major commodity" to support a value of over $100.
wait and get slaughtered you saying?
full member
Activity: 238
Merit: 100
RMBTB.com: The secure BTC:CNY exchange. 0% fee!
June 09, 2013, 05:03:55 AM
#21
it is not game over, but it is not time to buy or hold. based on all the fundamentals, bitcoin is worth  A LOT LESS than 94x the dollar. Until oil(or major commodity) is sold for bitcoin, this is a speculative price that has no basis in reality.

I also think a bitcoin can be worth 0 dollars and still not be game over.

1 bitcoin can be worth 1 barrel of oil.

I agree that now is "wait and see" time, but I disagree with your comment on the price.

If BTC is used *anything like* a reserve currency, or used for buying oil, it's price would need to be several *orders of magnitude* larger than it is currently -- we're talking millions of USD per BTC.

90M barrels of oil are used daily, $100 per barrel

that's 9 trillion dollars of money flow per day.

There are only ~12M BTC in existence. I'll let you do the maths....


It would take significantly less than "using BTC to trade for a major commodity" to support a value of over $100.
sr. member
Activity: 350
Merit: 250
June 09, 2013, 04:52:56 AM
#20
I'm starting to call these dumps "noob scrubs" since they clean out they spineless riffraff. Good riddance I say.

How did you obtain your bitcoin? Why have some transactions with a .30cent fee attached still take 30+minutes to clear. Granted we get to argue and poke holes at something that is real.
hero member
Activity: 575
Merit: 500
The North Remembers
June 09, 2013, 04:45:17 AM
#19
I'm starting to call these dumps "noob scrubs" since they clean out they spineless riffraff. Good riddance I say.
sr. member
Activity: 350
Merit: 250
June 09, 2013, 04:44:24 AM
#18
it is not game over, but it is not time to buy or hold. based on all the fundamentals, bitcoin is worth  A LOT LESS than 94x the dollar. Until oil(or major commodity) is sold for bitcoin, this is a speculative price that has no basis in reality.

I also think a bitcoin can be worth 0 dollars and still not be game over.

1 bitcoin can be worth 1 barrel of oil.

a dollar is worthless. . . a bitcoin is a global currency and is worth way more than 200 dollars.

So WHAT IS IT WORTH?!

You will never be able to accurately determine what it is worth, do not even try. Every other answer is just a guess. The honest answer is that you do not know.

The number you want will change constantly.

The sooner it goes to zero, the more we begin to see what bitcoin really is and if the network allows for the world to trade it like a visa card processes transactions, for now the dollar is worth more because of that.

Just imagine being a bug, walking through the lush forest. Have you ever noticed just how many spiders and spiderwebs their are?
KSV
sr. member
Activity: 398
Merit: 250
SVERIGES VIRTUELLA VALUTAVÄXLING
June 09, 2013, 04:42:34 AM
#17
it is not game over, but it is not time to buy or hold. based on all the fundamentals, bitcoin is worth  A LOT LESS than 94x the dollar. Until oil(or major commodity) is sold for bitcoin, this is a speculative price that has no basis in reality.

I also think a bitcoin can be worth 0 dollars and still not be game over.

1 bitcoin can be worth 1 barrel of oil.

a dollar is worthless. . . a bitcoin is a global currency and is worth way more than 200 dollars.
sr. member
Activity: 350
Merit: 250
June 09, 2013, 04:32:20 AM
#16
it is not game over, but it is not time to buy or hold. based on all the fundamentals, bitcoin is worth  A LOT LESS than 94x the dollar. Until oil(or major commodity) is sold for bitcoin, this is a speculative price that has no basis in reality.

I also think a bitcoin can be worth 0 dollars and still not be game over.

1 bitcoin can be worth 1 barrel of oil.
hero member
Activity: 575
Merit: 500
The North Remembers
June 09, 2013, 04:19:31 AM
#15
Game over? Hahahaha! You're cute.
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