Topic: Fair price of bitcoin after a crash - page 3. (Read 5200 times)

Yes, but why? Was not that warned you? Deep inside your mind, haven't that tells you what something is very wrong with the prices?

Seriously, this is ridiculous. The second major trouble with bitcoin and… nothing happens! Are you believe in BTC holders that much?

By the way, proximity of crash was seen before 12/03. It was inevitable anyway.

Yes, and IF I wake up tomorrow and find that my leg has been gnawed off by micro-bears, I'll probably die of blood loss.

The thing you have to remember is, that neither of these things is likely to happen. A breakage in the Bitcoin client didn't kill the market. So, what exactly is going to? Perhaps some sort of crackdown by a government?  Other than that....  

For everyone who sells off in a crisis, there is a buyer waiting.

...and two more yelling at their screens who can't buy because of lag.

I am of the opinion that IF the price reaches $20 again the ensuing panic selling will drive the price sub $10 for a brief period of time (4-5 hours) before rebounding to around $20.

I believe ~$20 is the true price of Bitcoin right now.

These events will occur on or before May 1st.

Sell then.

I don't see anything but long-term positive growth in BTC:USD.

Sure, it's easy to feel a bit queasy watching the price rise like crazy earlier this month, but you know what? The more new money comes in, the less risk there is. Of course BTC is continuing to climb.

The way the recent chain fork was reflected in the market was very telling. A huge sell-off followed almost immediately by a strong rebound. People want Bitcoins.

If I wake up tomorrow and the price has dropped by 15%, will I sweat? Will I hell, it will be another great chance to buy more BTC. If the market can rebound immediately after a chain fork, I call that resilient.

Each of the spikes in recent volatility has subdivided Bitcoin ownership further -- as time goes on, the market is becoming more stable, not less. It's not looking like much of a ponzi scheme now, is it?

It's time to stop sweating and start earning. Quit daytrading and watching curves.

People will always sell, as they have to take profits some day. And there will be people right there waiting ready to snap up their BTC. After all, what else is there to invest in right now?

I'm more than happy to keep US$ in my exchange account, but clear out all BTC to my offline wallet.

Maybe there will be a permanent fall in value when a better investment opportunity comes along. Until then, don't hold your breath.

This is not even considering the huge potential of Bitcoin as a payment medium. I do freelance application development. People usually pay me with PayPal. I've started to offer BTC as an option and now suggest it first. Why the hell wouldn't I? A payment that will probably go up in value in the medium term, Vs. the risk of PayPal refusing to release my funds, taking a cut, and having to constantly keep my PayPal balance at 0 because I don't trust them. I'm sure I'm not the only one who feels this way.

The fact that not many sites accept BTC payment right now is a plus, not a drawback. I call that untapped potential. Companies' CFOs aren't stupid. They will come.

Keep dreaming op.

$173.70
( See: https://bitcointalksearch.org/topic/m.1604466 )

1. Trying to predict if the price goes up or down from here is impossible!

2. Trying to estimate a worst case bottom level is equally impossible!

3. Not tormenting yourself with 1 and 2 all the time, is completely impossible.

Find the Zen of trading: exclude all emotions and desires about the price and keep some BTC and cash all the time so you can buy or sell some when the price has moved and never before it has moved based on beliefs and desires.

Multi-Sign is a typical use case for SCRIPT. Seems trivial to me. But the idea to combine that with actual  fiat payments occurred to me just this morning. So maybe you are right. Have to explore....

I will buy as many BTC for $3 as you can possibly sell me.  Send me a pm.  This should be a great deal since it that is twice the maximum they could possibly be worth.

This week was an interesting test of that. $2M $3M was cashed out during the worst technical hitch for years, and the market just shrugged it off...

http://bitcoincharts.com/charts/mtgoxUSD#rg5zig30-minztgSzm1g10zm2g25zv

Way too complicated for practical use.

It may be faster: While using Bitcoin for payment seems not practical for amounts > 100K right now, it can be used to secure payments by using SCRIPT. So the actual payment is done with Fiat, but ones saves the escrow.

It should be step by step, little by little, not in a way it is going right now. Yes, it will take many years to get useful liquidity for bitcoin, but there is no other way.

My coins are not going to sell themselves without my permission.

Looks like you have registered in 2013, right? Sorry, but then you simple don't know what it is all about.
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And you do?

No it isn't. I explored the use of Bitcoin with a friend just this morning. The biggest problem for her is that the market is not liquid enough to absorb something like $1M without hickup.

Looks like you have registered in 2013, right? Sorry, but then you simple don't know what it is all about.

Would be good for many real industries.

And dropping bitcoin price to sub-$ level would be good for growth of the  real bitcoin economic.

May I translate?  You were too late for the train and are hoping for a dip to $1 so that you can load up and make 50x your money in a decade (a retirement fund perhaps?).

You should read proudhon's posts because it seems he was on the train and got off and is hoping for the same scenario. One day you might meet up and can sit on a verandah watching the sunset repeating the words "If only...." over and over again....

They can't. Nobody can use currency what jump back and forth for 30% in a week for anything useful. Or you mean just collecting BTC in wallets, not using them? But that kind of moneys come and they will gone easily. Look at this: http://en.wikipedia.org/wiki/Tulip_mania .

Anyway, why I'm argue about possibility of crash at all? It will happen without your or mine permission.