Buy and Hold Bitcoin untill next halving time - page 4.

zimmah

legendary

Activity: 1106

Merit: 1005

Quote from: RonPaulBTC on October 01, 2014, 08:45:40 AM

Yes it's good to buy on the dips, but at 1000 700 seemed like a dip... a big one actually. And now we are at 390 or so. Also, when it comes to halving, DOGE halving did nothing, in fact it went down, so im not sure about halving being transaltedo n the price clearly as good.

Doge is not really comparable to bitcoin.

First of all the halving time is much different, bitcoin halves in like every couple of years whole dog halves much faster, and secondly doge has an infinite supply of coins.

And doge is a meme and will probably never be taken serious by the real world business because of this. Even bitcoin has it difficult being taken serious, although it's getting there. But doge has little change of ever being taken serious. And like all memes, doge will eventually die out.

TrailingComet

sr. member

Activity: 462

Merit: 250

I think it will be interesting if as expected btc inflation falls below G7 inflation rates for the first time
I am a long term investor, so happy to wait and watch it all play out

My Name Was Taken

member

Activity: 98

Merit: 10

Quote from: The One on October 02, 2014, 12:03:58 PM

Quote from: RonPaulBTC on October 01, 2014, 08:45:40 AM

Yes it's good to buy on the dips, but at 1000 700 seemed like a dip... a big one actually. And now we are at 390 or so. Also, when it comes to halving, DOGE halving did nothing, in fact it went down, so im not sure about halving being transaltedo n the price clearly as good.

Doge was at 25 satoshi and it went up over 100 satoshi knowing halving was imminent. Investors do not wait to the actual halving then invest, they invest beforehand.

Did doge rise so dramatically because of the upcoming halving? I kinda assumed it was linked to pegging their network to litecoin. Now miners working on LTC earn DOGE as well, and when that happened it seemed to coincide with that change.

Anyone know if these things are related?

The One

legendary

Activity: 924

Merit: 1000

Quote from: RonPaulBTC on October 01, 2014, 08:45:40 AM

Yes it's good to buy on the dips, but at 1000 700 seemed like a dip... a big one actually. And now we are at 390 or so. Also, when it comes to halving, DOGE halving did nothing, in fact it went down, so im not sure about halving being transaltedo n the price clearly as good.

Doge was at 25 satoshi and it went up over 100 satoshi knowing halving was imminent. Investors do not wait to the actual halving then invest, they invest beforehand.

Srbotones

sr. member

Activity: 391

Merit: 250

Quote from: pitaluga on October 02, 2014, 09:57:40 AM

Quote from: jbrnt on October 02, 2014, 09:24:30 AM

We cannot just sit and wait for the next halving time. Bitcoin price is not going rocket just because block reward is halved. We need to maintain a lively bitcoin ecosystem and make bitcoin more desirable for consumers.

i think it will happen naturaly, with so many people buying and holding bitcoins, when the companies realize this huge amount of money stoked with bitcoin users, there will be a "bitcoin rush" (like gold rush) to convince the users to espend this money with their goods.

I don't think it will happen naturaly. It will happen "naturaly" if Bitcoin econmy works well, if people consume goods and services and if people work more and more with Bitcoin.

If you just sit and wait, the "utility value" of a Bitcoin is equal to 0, you have to use it and work with them

pitaluga

newbie

Activity: 15

Merit: 0

Quote from: jbrnt on October 02, 2014, 09:24:30 AM

We cannot just sit and wait for the next halving time. Bitcoin price is not going rocket just because block reward is halved. We need to maintain a lively bitcoin ecosystem and make bitcoin more desirable for consumers.

i think it will happen naturaly, with so many people buying and holding bitcoins, when the companies realize this huge amount of money stoked with bitcoin users, there will be a "bitcoin rush" (like gold rush) to convince the users to espend this money with their goods.

jbrnt

hero member

Activity: 672

Merit: 500

We cannot just sit and wait for the next halving time. Bitcoin price is not going rocket just because block reward is halved. We need to maintain a lively bitcoin ecosystem and make bitcoin more desirable for consumers.

vancsj

member

Activity: 85

Merit: 10

Quote from: Srbotones on October 02, 2014, 03:26:35 AM

Exactly.

Governments forces us to use fiat money. The best way, and in my opinion, the only way to replace fiat money is to spend our bitcoins and to produce goods and services with them. Not holding them.

If all the people hold their bitcoins, bitcoin will never win this "battle" against fiat money despite of their superior characteristics

Yes, and we need to distribute bitcoin to more people:)

Srbotones

sr. member

Activity: 391

Merit: 250

Quote from: redsn0w on October 02, 2014, 03:35:05 AM

Quote from: Srbotones on October 02, 2014, 03:26:35 AM

Quote from: vancsj on October 02, 2014, 01:50:26 AM

Quote from: Srbotones on September 29, 2014, 08:43:15 AM

Just as a reminder for every bitcoin holder.

Gresham's Law: http://en.wikipedia.org/wiki/Gresham's_law

"Bad money drives out good"

"When a government overvalues one type of money and undervalues another"

The bad drives out the good when:
* People can not easily tell which is good
or
* The government forces people to use the bad one

Exactly.

Governments forces us to use fiat money. The best way, and in my opinion, the only way to replace fiat money is to spend our bitcoins and to produce goods and services with them. Not holding them.

If all the people hold their bitcoins, bitcoin will never win this "battle" against fiat money despite of their superior characteristics

Buf if you cannot mining btc directly you must ( obligated ) buy btc with the FIAT money Grin

.

Or you can do some kind of work/activity in wich you want to be paid in Bitcoins.

redsn0w

legendary

Activity: 1778

Merit: 1043

#Free market

Quote from: Srbotones on October 02, 2014, 03:26:35 AM

Quote from: vancsj on October 02, 2014, 01:50:26 AM

Quote from: Srbotones on September 29, 2014, 08:43:15 AM

Just as a reminder for every bitcoin holder.

Gresham's Law: http://en.wikipedia.org/wiki/Gresham's_law

"Bad money drives out good"

"When a government overvalues one type of money and undervalues another"

The bad drives out the good when:
* People can not easily tell which is good
or
* The government forces people to use the bad one

Exactly.

Governments forces us to use fiat money. The best way, and in my opinion, the only way to replace fiat money is to spend our bitcoins and to produce goods and services with them. Not holding them.

If all the people hold their bitcoins, bitcoin will never win this "battle" against fiat money despite of their superior characteristics

Buf if you cannot mining btc directly you must ( obligated ) buy btc with the FIAT money Grin

.

Srbotones

sr. member

Activity: 391

Merit: 250

Quote from: vancsj on October 02, 2014, 01:50:26 AM

Quote from: Srbotones on September 29, 2014, 08:43:15 AM

Just as a reminder for every bitcoin holder.

Gresham's Law: http://en.wikipedia.org/wiki/Gresham's_law

"Bad money drives out good"

"When a government overvalues one type of money and undervalues another"

The bad drives out the good when:
* People can not easily tell which is good
or
* The government forces people to use the bad one

Exactly.

Governments forces us to use fiat money. The best way, and in my opinion, the only way to replace fiat money is to spend our bitcoins and to produce goods and services with them. Not holding them.

If all the people hold their bitcoins, bitcoin will never win this "battle" against fiat money despite of their superior characteristics

vancsj

member

Activity: 85

Merit: 10

Quote from: Srbotones on September 29, 2014, 08:43:15 AM

Just as a reminder for every bitcoin holder.

Gresham's Law: http://en.wikipedia.org/wiki/Gresham's_law

"Bad money drives out good"

"When a government overvalues one type of money and undervalues another"

The bad drives out the good when:
* People can not easily tell which is good
or
* The government forces people to use the bad one

ellen_me

full member

Activity: 158

Merit: 100

I am just currently getting all the BTC I can have for the moment and wait for the price to get better and better. Wink

Undermood

legendary

Activity: 950

Merit: 1000

Quote from: bajlox on September 30, 2014, 01:45:57 AM

I will try to hold them but when something come up i need to sell them.

I try hold them as much as I can.

Something? Do you mean fuds causing bitcoin price plummet? Or when you need fiat to pay for, I think you'd better not buy in case losing all your money.

resya

sr. member

Activity: 294

Merit: 250

anyone saying buy right now just wants you to hold their bags so the chinese can dump on you

bababooey

newbie

Activity: 14

Merit: 0

I am a newcomer to Bitcoin and I am looking to buy some for online gambling purposes. I am thinking of waiting for it to drop below $300 (I keep seeing this $250 figure being thrown around by the tech analysis types). Thoughts? I suppose there is a risk that it never drops that low and I have to buy in at much higher prices than today.

RonPaulBTC

member

Activity: 66

Merit: 10

Yes it's good to buy on the dips, but at 1000 700 seemed like a dip... a big one actually. And now we are at 390 or so. Also, when it comes to halving, DOGE halving did nothing, in fact it went down, so im not sure about halving being transaltedo n the price clearly as good.

dothebeats

legendary

Activity: 3542

Merit: 1352

Cashback 15%

It's ok to buy in some bitcoins during the dips. In a few years time, you'll be a proud owner of a high-valued asset that everyone wants to have. Though I think that the next halving wouldn't have a heavy impact on the bitcoin's price, still it's worth noting that 1 year in the cryptoworld feels like a century.

Oh and try to hold some of that coins. You'll never regret it.

bitpump

full member

Activity: 167

Merit: 101

Quote from: BTC-Graphicdesigns on September 30, 2014, 08:14:04 AM

When exactly is next halving time?

The expected date of next halving time is under heavy debate

Currently expected in March/April 2016

See: http://www.reddit.com/r/Bitcoin/comments/290prw/reward_halving_is_approaching_fast_due_to/

maurya78

hero member

Activity: 490

Merit: 500

The markets are pretty efficient and should price in the effects of halving well in advance
That said, i agree that long-term btc is a no-brainer investment

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