Topic: Cheap Coins - page 2. (Read 2271 times)

I think we are there with the exception of some big players still playing their hand against the weak minded investors. Don't you?

I think people want to see capitulation from the end of our exponential growth over the last 5 months. It is uneasy times to invest heavily in Bitcoin when the value may very well half over the next week if the market decides so.

By cheap coin people mean "end of the bubble, back to real normal"

So I hear "cheap coins" thrown around here a lot and I'd like to know what is a cheap coin?
If you are using Bitcoin as a currency the price of items reflects the value of BTC so therefore if a Bitcoin was $1,000,000 items your purchasing regularly would then cost Satoshis. So cheap coins doesn't apply right?
If you are using BTC as a store of value you wouldn't want cheap coins because that shows volatility and you would rather see long term growth and wide adoption. So again cheap coins wouldn't apply here?
If you are a new comer to BTC and one day you see $100 coins and the next day you see $50 coins well that would just scare you away. So do you want cheap coins here?

I would venture to say that most of the people on this forum are not day trading 100s even 1000s of coins to where a 20-30% fluctuating market would result in making thousands of dollars in a matter of hours. If you are this person I can clearly see your logic behind wanting this kind of volatility.

For everyone else, what's a cheap coin and why do you want them?

Me personally I would like to see a stable Bitcoin around $50 with a slow gradual growth. It is a solid price to where miners can still make back their investment. It allows "noobs" to comfortably enter the market because the mentality of buying partial Bitcoins isn't there yet. It is also a great price to grow the economy of Bitcoin.