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Topic: Bitcoin points of massive price movement - page 2. (Read 3631 times)

legendary
Activity: 3472
Merit: 10611
There is no price so low of "no return". If the price is forever stable or decreasing we might lose the speculators, but in the end its the usefulness of the technology that will determine demand and thus price.
if the price stays stable, that is great but in case of forever decreasing means the death of bitcoin. nobody would buy something that is going to worth less tomorrow.
the technology is great and i think bitcoin started a whole new world but if the price just keeps going down, eventually everyone is going to sell their coins and leave it behind.
sr. member
Activity: 322
Merit: 250
even if the price goes to $10k, there will be people calling it a pump and dump.

The price needs to be stable for many years, with people using it for things other than speculation in order for people to stop saying it will die, its a ponzi, etc.

legendary
Activity: 3248
Merit: 1070
There is no price so low of "no return". If the price is forever stable or decreasing we might lose the speculators, but in the end its the usefulness of the technology that will determine demand and thus price.

not sure about this, if we falls to single digit, bitcoin cannot recover anymore( it does not mean that it is dead though) but that it is done

not to mention that something like this will bring again bad distribution, with few strong hands
member
Activity: 94
Merit: 10
This thread is making me bullish. OP asks for upper and lower prices that would signal further movement in either direction and 95% of the posts are about the lower price. I don't think we're going much lower but I would call $150 an important level on the low end. On the higher end, I think we get to $400 or $500 before the public notices again. Hysteria starts 10-20% above the previous ATH.
legendary
Activity: 1722
Merit: 1004
...
*If the price continues to move within 150-400 USD, it's quite possible that people will eventually loose interest and walk away,
...


I think that's backwards. If the price is stable at a multi-billion-dollar market-cap, which is what that range indicates, and the bitcoin network continues to process transactions successfully every day, more and more mainstream people, businesses, etc, will gain confidence in it. The wild swings - both up and down - are what give "serious" people pause. A long period of stability in that range will most likely just build broader confidence in bitcoin overall, and cause people who've been curious but on the sidelines for a while, to finally dip in.
legendary
Activity: 1260
Merit: 1000
World Class Cryptonaire
There is no price so low of "no return". If the price is forever stable or decreasing we might lose the speculators, but in the end its the usefulness of the technology that will determine demand and thus price.
legendary
Activity: 2842
Merit: 1511
Point of no return is when and IF bitcoin price falls under $100. but I doubt that we will see that day anytime soon.


I would have said $31.9099 was a better target. There's still a gap between that and $50 that was never filled on the run up to Karpele's giant man-tits, er, I mean the bubble.
member
Activity: 115
Merit: 10

the biggest threat to bitcoin is not its price but its public relations. It needs people to be confident being involved with it - from both big and small players. The current squabble about the 1 MB limit is an example - it is fine and even healthy for it to go on for a short time but if it goes on and on then confidence that "bitcoin is OK" will wane and may never return


I dont think public relations are threat at all. People will not even know they use Bitcoins. Companies and banks will just use what is cheapest for them to provide their service they will not explain their customers or they are using blockchain or any other technology. People dont even care. What they care is that their service will be fast and cheap.

I did not mean PR for the users (ie remitters). I agree people will use fast and cheap and will not care how the mechanism works. I meant PR for getting certain keys pieces in place. we have been  going 5 plus years with bitcoin but there is not yet an exchange you could call "normal". To get "normal' yet need to spend the sort of money/time the twins are doing. They may be able to essentially self fund but other ventures/startups need capital and that only comes when the people putting in the money have confidence. They only gain confidence when the thing they are investing in is explained to them.
Take Apple - it did the PR so well through Steve that customers/investors etc became essentially fans. they willingly paid huge premiums for an apple product.

Bitcoin does not have a CEO or Chairman of the Board. That is good and bad. the bad part is that there is no one out there selling confidence in bitcoin.
legendary
Activity: 2101
Merit: 1061
point of no return down < $186

point of no return up > $253


* I reserve the right to change these estimates at any time of my choosing.
legendary
Activity: 2730
Merit: 1288

the biggest threat to bitcoin is not its price but its public relations. It needs people to be confident being involved with it - from both big and small players. The current squabble about the 1 MB limit is an example - it is fine and even healthy for it to go on for a short time but if it goes on and on then confidence that "bitcoin is OK" will wane and may never return


I dont think public relations are threat at all. People will not even know they use Bitcoins. Companies and banks will just use what is cheapest for them to provide their service they will not explain their customers or they are using blockchain or any other technology. People dont even care. What they care is that their service will be fast and cheap.
member
Activity: 115
Merit: 10
Point of no return is when and IF bitcoin price falls under $100. but I doubt that we will see that day anytime soon.

but if price continues this way, and gets to that point in a short term, it is gonna be catastrophic but if takes so long that people get use to the price it might be different.
¸

Don't think that 100$ would be enough for people to back off, since there's a lot of money in bitcoin related industry, so i guess the people would mass buy and gold,
however, going way under it, like 50-60 bucks.. im pretty sure people would stop dreaming about 10k bitcoin and such, and just turn their backs on it.

I do not agree. Bitcoin a while back crashed from $30 and stopped. at $2. It did not go back to say 50c. I have seen somewhere but now cannot find it a chart showing that $50-$60 in 2015 is roughly what the $2 was back then.
So if it goes down to that level for a while so be it. If it continues on its exponential growth from there it will still do fine.

agree though that at that level while users of bitcoin (eg to send remittances) are still ok the people that work in it to hold it up may have difficulties.

maybe since it costs virtually nothing to send remittances the shortfall for the workers in the industry could be made up by higher charges.
I realize this goes against what some want for bitcoin but so long as it is cheaper than existing methods eg western union people will pay.

the biggest threat to bitcoin is not its price but its public relations. It needs people to be confident being involved with it - from both big and small players. The current squabble about the 1 MB limit is an example - it is fine and even healthy for it to go on for a short time but if it goes on and on then confidence that "bitcoin is OK" will wane and may never return
legendary
Activity: 1722
Merit: 1000
Satoshi is rolling in his grave. #bitcoin
I am trying hard to see the point to this, how would $50-$70 be the point of no return and people lose interest you can only speak about your self losing interest, the whales will be back at that price to make more money than they have for awhile and that will give the USD addicts excitment and they will be back at the higher price for a change. Myself I think this would be actually good for bitcoin and the community to go to this point shaking the tree and people who are here for a quick buck will be gone when they have the best chance at making that buck. Bitcoin does not need to keep being tagged to the dollar high or low to be a success or failure imo the sooner people realise this the better. I will be here till the blockchain does its last transaction or until I give my last breath either way the price won't sway me and anyone that it does I'm glad to see you gone rahaha

I love to see people talk, but it has no weigh, so put your money where your mouth is. Or u cosider your 100$ investment as backing up "bitcoin"
"I give my last breath either way the price won't sway me" - wow.

Can you please point me where i said that i will be gone? Dont really see the point of going off now after all these years, but i have seen a lot of big mouths like you come and gone with the wind tho..

cheers
legendary
Activity: 1722
Merit: 1000
The fact I can move my entire networth any where on the planet without anyone knowing is still insanely underestimated and talked about.  This is the first time EVER.. this has been possbile...  For the entire lenght of human history this has not been possible.  Gold was the best way but still easily found on a person.

I agree on advantages of bitcoin over alternatives, but i dont see how this relates to this thread ..

This will soon be something wildly wanted by the vast majority of humans.  
hero member
Activity: 924
Merit: 1000
I am trying hard to see the point to this, how would $50-$70 be the point of no return and people lose interest you can only speak about your self losing interest, the whales will be back at that price to make more money than they have for awhile and that will give the USD addicts excitment and they will be back at the higher price for a change. Myself I think this would be actually good for bitcoin and the community to go to this point shaking the tree and people who are here for a quick buck will be gone when they have the best chance at making that buck. Bitcoin does not need to keep being tagged to the dollar high or low to be a success or failure imo the sooner people realise this the better. I will be here till the blockchain does its last transaction or until I give my last breath either way the price won't sway me and anyone that it does I'm glad to see you gone rahaha
legendary
Activity: 1722
Merit: 1000
Satoshi is rolling in his grave. #bitcoin
The fact I can move my entire networth any where on the planet without anyone knowing is still insanely underestimated and talked about.  This is the first time EVER.. this has been possbile...  For the entire lenght of human history this has not been possible.  Gold was the best way but still easily found on a person.

I agree on advantages of bitcoin over alternatives, but i dont see how this relates to this thread ..
legendary
Activity: 1722
Merit: 1000
The fact I can move my entire networth any where on the planet without anyone knowing is still insanely underestimated and talked about.  This is the first time EVER.. this has been possbile...  For the entire lenght of human history this has not been possible.  Gold was the best way but still easily found on a person.
hero member
Activity: 560
Merit: 500
i think if the price continues to fall and we don't see any movement upwards, we will see a lot of people sell and leaving bitcoin behind. even if the downward trend is slow i think this would eventually happen.
this is because a lot of them bought in the last few months and hoped for a big profit and their investment has only returned negative profit for them.

and "the point of no return" i think is going to be something below $100 and that is when we will see a massive dumping.

i also think it will dip below $200 but definitely not under $100. that wouldn't be a fair price for bitcoin in its current state.


Hmmm where did i read that before?
Ah yea i remember... at 700... 600... 500... 400... 300... 200...

Funny that the perma-troll's memory only serves her for a year or so of price history.  If she had any legitimacy at all, she would be calling your attention to all the time's when the bears claimed that anything over a dollar wasn't a fair price for Bitcoin.  But I digress.  She also wouldn't be spending all of her time screaming, "Bitcoin is doomed" on a forum dedicated to Bitcoin.
legendary
Activity: 1722
Merit: 1000
Satoshi is rolling in his grave. #bitcoin
Point of no return is when and IF bitcoin price falls under $100. but I doubt that we will see that day anytime soon.

but if price continues this way, and gets to that point in a short tem, it is gonna be catastrophic but if takes so long that people get use to the price it might be different.
¸

Don't think that 100$ would be enough for people to back off, since there's a lot of money in bitcoin related industry, so i guess the people would mass buy and gold,
however, going way under it, like 50-60 bucks.. im pretty sure people would stop dreaming about 10k bitcoin and such, and just turn their backs on it.
legendary
Activity: 1638
Merit: 1163
Where is my ring of blades...
Point of no return is when and IF bitcoin price falls under $100. but I doubt that we will see that day anytime soon.

but if price continues this way, and gets to that point in a short tem, it is gonna be catastrophic but if takes so long that people get use to the price it might be different.
8up
hero member
Activity: 618
Merit: 500
i think if the price continues to fall and we don't see any movement upwards, we will see a lot of people sell and leaving bitcoin behind. even if the downward trend is slow i think this would eventually happen.
this is because a lot of them bought in the last few months and hoped for a big profit and their investment has only returned negative profit for them.

and "the point of no return" i think is going to be something below $100 and that is when we will see a massive dumping.

i also think it will dip below $200 but definitely not under $100. that wouldn't be a fair price for bitcoin in its current state.

Unfortunately, there is no such thing as definitely.
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