Bitcoin: Should you stay or should you go? - page 21.

lorylore

legendary

Activity: 1470

Merit: 1002

Quote from: wearepoor on July 16, 2015, 12:08:08 PM

Quote from: Dotakels on July 13, 2015, 07:48:53 AM

Quote from: ObscureBean on July 13, 2015, 06:28:13 AM

Quote from: Herbert2020 on July 13, 2015, 06:18:41 AM

Quote from: Hopalong on July 13, 2015, 05:31:04 AM

Quote from: pronto on July 13, 2015, 05:11:12 AM

when it's the best time to buy BTC again?

Right before it start to go up.... Cool

i think the best time to buy bitcoin for those who didn't buy enough back when the price was supper low at $220 and missed the chance is now.
because the price just came back down from $310 to ~$280 so it makes a good point to enter if you have been left behind.

I believe it would be best to wait a little more before going into huge buying sprees, the rest of the US will be waking up in a few more hours and there might be some more selling off that could bring the price ever lower. A lot of people do not yet know that Greece is being given another chance.

The best time when you must bought bitcoin is when its price is so low and then you sell it again when its price goes up and now you earn profit from doing that.

I did the same. Bought when prices were low and sold part of it when prices went high and earned a good profit not a huge one but atleast I earned something and now again I am waiting the prices to go down so can buy some more Cheesy

The only profit that i consider a "profit" is to have at least 5 BTC and more, buying low 0.xx and selling high there is not such profit

Dotakels

sr. member

Activity: 490

Merit: 255

Quote from: operrajunk74 on July 18, 2015, 08:21:03 AM

Quote from: Dotakels on July 18, 2015, 06:48:46 AM

Quote from: harizen on July 17, 2015, 06:18:55 AM

In my today's case , I don't do conveting bitcoin in to real money and I don't buy any bitcoins even when the price is low. Im just staying while earning btc plus there is no reason to leave.

Thats right, you don't need to depend on its price, just continue to earn and grow your coins until the day that you want to exchange your coins into fiat money,

And that is only possible if you stay and support the bitcoin as present. And just try to grow your bitcoins in the best possible way and keep it safe for the future. Once you are sure that this prices are good to earn profit at that stage you can sell it off.

Theres no reason to leave, even if the price is too low or high. You stay because you know that its price is not stable and the value of bitcoin still the same and not change.

operrajunk74

sr. member

Activity: 344

Merit: 250

Quote from: Dotakels on July 18, 2015, 06:48:46 AM

Quote from: harizen on July 17, 2015, 06:18:55 AM

In my today's case , I don't do conveting bitcoin in to real money and I don't buy any bitcoins even when the price is low. Im just staying while earning btc plus there is no reason to leave.

Thats right, you don't need to depend on its price, just continue to earn and grow your coins until the day that you want to exchange your coins into fiat money,

And that is only possible if you stay and support the bitcoin as present. And just try to grow your bitcoins in the best possible way and keep it safe for the future. Once you are sure that this prices are good to earn profit at that stage you can sell it off.

Dotakels

sr. member

Activity: 490

Merit: 255

Quote from: harizen on July 17, 2015, 06:18:55 AM

In my today's case , I don't do conveting bitcoin in to real money and I don't buy any bitcoins even when the price is low. Im just staying while earning btc plus there is no reason to leave.

Thats right, you don't need to depend on its price, just continue to earn and grow your coins until the day that you want to exchange your coins into fiat money,

dynamicseruma

newbie

Activity: 49

Merit: 0

Thanks for the educated and well worded discussions I've seen while reading through this thread.

harizen

legendary

Activity: 3122

Merit: 1398

For support ➡️ help.bc.game

In my today's case , I don't do conveting bitcoin in to real money and I don't buy any bitcoins even when the price is low. Im just staying while earning btc plus there is no reason to leave.

hunnaryb

hero member

Activity: 506

Merit: 500

Quote from: BIT-Sharon on July 16, 2015, 05:35:03 AM

Stay and go when it is the time.

At present staying is the only option left. No one wants to incurr losses and leave. If I have invested when the prices were high I cannot afford to leave at a moment as I am into losses. So I would rather choose to stay and leave only when I am earning profits out of it.

wearepoor

hero member

Activity: 784

Merit: 500

Quote from: Dotakels on July 13, 2015, 07:48:53 AM

Quote from: ObscureBean on July 13, 2015, 06:28:13 AM

Quote from: Herbert2020 on July 13, 2015, 06:18:41 AM

Quote from: Hopalong on July 13, 2015, 05:31:04 AM

Quote from: pronto on July 13, 2015, 05:11:12 AM

when it's the best time to buy BTC again?

Right before it start to go up.... Cool

i think the best time to buy bitcoin for those who didn't buy enough back when the price was supper low at $220 and missed the chance is now.
because the price just came back down from $310 to ~$280 so it makes a good point to enter if you have been left behind.

I believe it would be best to wait a little more before going into huge buying sprees, the rest of the US will be waking up in a few more hours and there might be some more selling off that could bring the price ever lower. A lot of people do not yet know that Greece is being given another chance.

The best time when you must bought bitcoin is when its price is so low and then you sell it again when its price goes up and now you earn profit from doing that.

I did the same. Bought when prices were low and sold part of it when prices went high and earned a good profit not a huge one but atleast I earned something and now again I am waiting the prices to go down so can buy some more Cheesy

lorylore

legendary

Activity: 1470

Merit: 1002

Quote from: zeraTunerse on July 16, 2015, 09:38:13 AM

Quote from: lorylore on July 16, 2015, 07:19:43 AM

Quote from: Dotakels on July 16, 2015, 05:56:42 AM

Quote from: tyrexs on July 16, 2015, 05:17:54 AM

it's make me confused i must stay or go. you know when i see price bitcoin so make me sad. sometimes when i read news bitcoin will go up and in real bitcoin price drop. should i go or stay

don't look on its price, just still work for it and earn more and grow your coins, just keep waiting until its price goes up again then you can now sell your coins and repeat it again, just keep focus on earning and growing your bitcoin.

Well i suggest you to think about the benefits that offers bitcoin, where can you use it and so on.

Staying sounds good rather than leaving it at this stage. As the users of bitcoins are increasing day by day and there would be a day where the prices would be higher and more stable as compared to present. So staying and growing bitcoins is the best option at present.

Yes the users of bitcoins are increasing day by day, so the price will go up like before, but need to go slowly and safely.

zeraTunerse

hero member

Activity: 546

Merit: 500

Quote from: lorylore on July 16, 2015, 07:19:43 AM

Quote from: Dotakels on July 16, 2015, 05:56:42 AM

Quote from: tyrexs on July 16, 2015, 05:17:54 AM

it's make me confused i must stay or go. you know when i see price bitcoin so make me sad. sometimes when i read news bitcoin will go up and in real bitcoin price drop. should i go or stay

don't look on its price, just still work for it and earn more and grow your coins, just keep waiting until its price goes up again then you can now sell your coins and repeat it again, just keep focus on earning and growing your bitcoin.

Well i suggest you to think about the benefits that offers bitcoin, where can you use it and so on.

Staying sounds good rather than leaving it at this stage. As the users of bitcoins are increasing day by day and there would be a day where the prices would be higher and more stable as compared to present. So staying and growing bitcoins is the best option at present.

lorylore

legendary

Activity: 1470

Merit: 1002

Quote from: Dotakels on July 16, 2015, 05:56:42 AM

Quote from: tyrexs on July 16, 2015, 05:17:54 AM

it's make me confused i must stay or go. you know when i see price bitcoin so make me sad. sometimes when i read news bitcoin will go up and in real bitcoin price drop. should i go or stay

don't look on its price, just still work for it and earn more and grow your coins, just keep waiting until its price goes up again then you can now sell your coins and repeat it again, just keep focus on earning and growing your bitcoin.

Well i suggest you to think about the benefits that offers bitcoin, where can you use it and so on.

Dotakels

sr. member

Activity: 490

Merit: 255

Quote from: tyrexs on July 16, 2015, 05:17:54 AM

it's make me confused i must stay or go. you know when i see price bitcoin so make me sad. sometimes when i read news bitcoin will go up and in real bitcoin price drop. should i go or stay

don't look on its price, just still work for it and earn more and grow your coins, just keep waiting until its price goes up again then you can now sell your coins and repeat it again, just keep focus on earning and growing your bitcoin.

BIT-Sharon

sr. member

Activity: 266

Merit: 250

Stay and go when it is the time.

tyrexs

sr. member

Activity: 266

Merit: 250

it's make me confused i must stay or go. you know when i see price bitcoin so make me sad. sometimes when i read news bitcoin will go up and in real bitcoin price drop. should i go or stay

Anirban Sarkar

newbie

Activity: 55

Merit: 0

it should stay!!!!!

Hopalong

member

Activity: 112

Merit: 10

Quote from: Amph on July 16, 2015, 03:41:23 AM

Quote from: Hopalong on July 16, 2015, 03:30:11 AM

Quote from: Amph on July 16, 2015, 03:12:58 AM

Quote from: Hopalong on July 16, 2015, 03:05:20 AM

Why would a internal blockchain be any different from bitcoins blockchain?

If a bank will use blockchain it would set up miners that compete with each other and validate the work of the others. Since they had complete controll they could keep the hash power under controll. The system would stable as they did not have to worry about mining pools taking shortcuts.

basically it's like having a bitcoin with 51% legit hashpower that can double spend when they want, a bit akin to their printing no-sense, no thanks...

the main difference is that it would look heavy centralized, and also i doubt they would waste money on mining equipments when they are doing this only for cutting cost and time,

at best they could launch a pos altcoin and distribute it via national ID, something like a better version of auroracoin...

A bank would need a miner to make a transfer. One antminer in every location would be enough for a small bank. A big bank or several bank cooperating would need a pool in each location. To get it to work flawless they would need to have the same hash power in each location.

Since we are talking about a mainstream adaptation and not some geek tool they dont need to be fully open to be trusted.

they need many miners to secure their own network if they want to go with POW, otherwise a malicious random rich guy can buy the asic that work with the same algo(i presume sha256) that they want to use and perform an attack, by owning 51%

that's the point of the mining in bitcoin, securing the network, and you can't repliacte it overnight

I think someone with the knowlegde to set up a blockchain network also know how to secure it from outside attack.

If bitcoin get dapted by the masses it would face the same problem. Someone like Google or Microsoft both has the knowledge and economy to set up a miner that dwarfs all the curent miners. We are not talking about 51% but 510%...

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: Hopalong on July 16, 2015, 03:30:11 AM

Quote from: Amph on July 16, 2015, 03:12:58 AM

Quote from: Hopalong on July 16, 2015, 03:05:20 AM

Why would a internal blockchain be any different from bitcoins blockchain?

If a bank will use blockchain it would set up miners that compete with each other and validate the work of the others. Since they had complete controll they could keep the hash power under controll. The system would stable as they did not have to worry about mining pools taking shortcuts.

basically it's like having a bitcoin with 51% legit hashpower that can double spend when they want, a bit akin to their printing no-sense, no thanks...

the main difference is that it would look heavy centralized, and also i doubt they would waste money on mining equipments when they are doing this only for cutting cost and time,

at best they could launch a pos altcoin and distribute it via national ID, something like a better version of auroracoin...

A bank would need a miner to make a transfer. One antminer in every location would be enough for a small bank. A big bank or several bank cooperating would need a pool in each location. To get it to work flawless they would need to have the same hash power in each location.

Since we are talking about a mainstream adaptation and not some geek tool they dont need to be fully open to be trusted.

they need many miners to secure their own network if they want to go with POW, otherwise a malicious random rich guy can buy the asic that work with the same algo(i presume sha256) that they want to use and perform an attack, by owning 51%

that's the point of the mining in bitcoin, securing the network, and you can't replicate it overnight

acquafredda

legendary

Activity: 1316

Merit: 1481

Quote from: fabula on July 15, 2015, 04:18:32 PM

Stay at least until next halvin next year.
Then you will see if hold or sell.

This is what I'll do personally speaking.
If the "stress test" "fees issue" will not be resolved properly it will be hard to stay on this spaceship

Hopalong

member

Activity: 112

Merit: 10

Quote from: Amph on July 16, 2015, 03:12:58 AM

Quote from: Hopalong on July 16, 2015, 03:05:20 AM

Why would a internal blockchain be any different from bitcoins blockchain?

If a bank will use blockchain it would set up miners that compete with each other and validate the work of the others. Since they had complete controll they could keep the hash power under controll. The system would stable as they did not have to worry about mining pools taking shortcuts.

basically it's like having a bitcoin with 51% legit hashpower that can double spend when they want, a bit akin to their printing no-sense, no thanks...

the main difference is that it would look heavy centralized, and also i doubt they would waste money on mining equipments when they are doing this only for cutting cost and time,

at best they could launch a pos altcoin and distribute it via national ID, something like a better version of auroracoin...

A bank would need a miner to make a transfer. One antminer in every location would be enough for a small bank. A big bank or several bank cooperating would need a pool in each location. To get it to work flawless they would need to have the same hash power in each location.

Since we are talking about a mainstream adaptation and not some geek tool they dont need to be fully open to be trusted.

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: Hopalong on July 16, 2015, 03:05:20 AM

Why would a internal blockchain be any different from bitcoins blockchain?

If a bank will use blockchain it would set up miners that compete with each other and validate the work of the others. Since they had complete controll they could keep the hash power under controll. The system would stable as they did not have to worry about mining pools taking shortcuts.

basically it's like having a bitcoin with 51% legit hashpower that can double spend when they want, a bit akin to their printing no-sense, no thanks...

the main difference is that it would look heavy centralized, and also i doubt they would waste money on mining equipments when they are doing this only for cutting cost and time,

at best they could launch a pos altcoin and distribute it via national ID, something like a better version of auroracoin...

Topic: Bitcoin: Should you stay or should you go? - page 21. (Read 34212 times)