Falling under 300 again - page 10. | Bitcointalksearch.org

mrhelpful

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Quote from: Fishbones78 on March 07, 2016, 05:59:18 PM

Is it strange I think this is a good thing? Bitcoin losing value will only mean you receive more (if you try to continually earn rather than constantly spend) and when the price spikes again (it will - its not like the community and traders etc. are going anywhere), you'll have a lot more BTC, worth a lot more money when we see a peak again. Everything I've put may be wrong, but that's how I see it.

Lot of more btc, because you need that much more to equal to whatever you paid for previously.

And no its not a good thing, because that just means the demands not there enough and can easily fall again.

Fishbones78

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Is it strange I think this is a good thing? Bitcoin losing value will only mean you receive more (if you try to continually earn rather than constantly spend) and when the price spikes again (it will - its not like the community and traders etc. are going anywhere), you'll have a lot more BTC, worth a lot more money when we see a peak again. Everything I've put may be wrong, but that's how I see it.

techgeek

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Quote from: Mastsetad on March 07, 2016, 04:28:51 PM

Quote from: Nameless Coin on March 07, 2016, 03:41:21 AM

That will not happen. You can see now that the value is a bit stable now so that is very good. And everyone hopes that the value will rise.
You can also see now that the value is rising slowly and that is very good. For the people who already made an investment it is very good.

The cost of most home miners are around $300 already. So the bottom will be $300. But I think the price will not drop below $350 again.

I think you mean if "chinas mining groups" aka bitmain sold most of their network.

Hence less confirmation times = longer waits for other miners to pick up. But yeah like the person above me said "home" miners arent a big influence unless you run on a scale like they do and it wouldnt be a "home" mine anymore. It would be a commericial level where you have a ware house setup like theirs..

richardsNY

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Quote from: Mastsetad on March 07, 2016, 04:28:51 PM

Quote from: Nameless Coin on March 07, 2016, 03:41:21 AM

That will not happen. You can see now that the value is a bit stable now so that is very good. And everyone hopes that the value will rise.
You can also see now that the value is rising slowly and that is very good. For the people who already made an investment it is very good.

The cost of most home miners are around $300 already. So the bottom will be $300. But I think the price will not drop below $350 again.

What you say doesn't make any sense at all. Home miners are nothing in the current Bitcoin world. They don't have any influence. To be more pricese, they have zero (0) influence.

Mastsetad

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Quote from: Nameless Coin on March 07, 2016, 03:41:21 AM

That will not happen. You can see now that the value is a bit stable now so that is very good. And everyone hopes that the value will rise.
You can also see now that the value is rising slowly and that is very good. For the people who already made an investment it is very good.

The cost of most home miners are around $300 already. So the bottom will be $300. But I think the price will not drop below $350 again.

Nameless Coin

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That will not happen. You can see now that the value is a bit stable now so that is very good. And everyone hopes that the value will rise.
You can also see now that the value is rising slowly and that is very good. For the people who already made an investment it is very good.

wildan88

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Quote from: quadriple7 on March 01, 2016, 08:21:06 AM

i don't think that it will drop below 300$ again, it's 430$ at this moment and still rising, also china buys bitcoins now and halving soon, i don't think that it can drop to 300$

I also think like you, that for the moment the prices will not drop under $300, especially we have issue about halving that can make the price rise

zend7

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Quote from: LMGTFY on March 02, 2016, 11:17:34 AM

Quote from: Mastsetad on March 02, 2016, 10:28:35 AM

Quote from: quadriple7 on March 01, 2016, 08:21:06 AM

i don't think that it will drop below 300$ again, it's 430$ at this moment and still rising, also china buys bitcoins now and halving soon, i don't think that it can drop to 300$

How do you know the Chinese are buying the bitcoin now? I think they are the net seller. Most miners are there.

If there were more sellers than buyers on Chinese exchanges we'd expect the BTC/CNY rate to go down, and that it would tend to be slightly lower than BTC/USD (because arbitrage isn't perfect). Right now the BTC/CNY rate is 2875 on Huobi, which bitcoinwisdom converts to $438.80. For comparison, Bitstamp and Bitfinex are $429.92 and $430.51 respectively.

(That "arbitrage isn't perfect" comment - I could sell BTC on a Chinese exchange and - in theory - make money on the deal: convert the CNY to USD, buy more BTC, and repeat. In practice converting CNY to USD is non-trivial, and takes time.)

You need to pay fees to exchange the CNY into USD and it takes the time to transfer the money from one exchange to another.

LMGTFY

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Quote from: Mastsetad on March 02, 2016, 10:28:35 AM

Quote from: quadriple7 on March 01, 2016, 08:21:06 AM

i don't think that it will drop below 300$ again, it's 430$ at this moment and still rising, also china buys bitcoins now and halving soon, i don't think that it can drop to 300$

How do you know the Chinese are buying the bitcoin now? I think they are the net seller. Most miners are there.

If there were more sellers than buyers on Chinese exchanges we'd expect the BTC/CNY rate to go down, and that it would tend to be slightly lower than BTC/USD (because arbitrage isn't perfect). Right now the BTC/CNY rate is 2875 on Huobi, which bitcoinwisdom converts to $438.80. For comparison, Bitstamp and Bitfinex are $429.92 and $430.51 respectively.

(That "arbitrage isn't perfect" comment - I could sell BTC on a Chinese exchange and - in theory - make money on the deal: convert the CNY to USD, buy more BTC, and repeat. In practice converting CNY to USD is non-trivial, and takes time.)

Mastsetad

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Quote from: quadriple7 on March 01, 2016, 08:21:06 AM

i don't think that it will drop below 300$ again, it's 430$ at this moment and still rising, also china buys bitcoins now and halving soon, i don't think that it can drop to 300$

How do you know the Chinese are buying the bitcoin now? I think they are the net seller. Most miners are there.

quadriple7

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i don't think that it will drop below 300$ again, it's 430$ at this moment and still rising, also china buys bitcoins now and halving soon, i don't think that it can drop to 300$

fricircled

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Quote from: Oscoda on February 29, 2016, 11:03:15 AM

Quote from: Mastsetad on February 25, 2016, 09:11:30 AM

Quote from: ?? on ??

Quote from: Pattart on February 23, 2016, 09:36:25 PM

this time the price down to $ 415. may soon be down to $ 400, but I do not think much. if bitcoin will fall to $ 300

Yeah that is true,, the dip haven't even push the $350 so it is really far from happening now that bitcoin would dip at $300 or lower...

I think the $350 will be the long term bottom of the bitcoin price. It is close to the cost of the mining now.

That will not happen around this time. That isnt even possible to happen. You can see now that the value is higher.
Why are you so negative, that is not good. The price is now even rising slowly and that is good for the people who made an investment in Bitcoin.

You misunderstand him. He said the $350 will be the bottom. The price will not go below $350 in the future.

Oscoda

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Quote from: Mastsetad on February 25, 2016, 09:11:30 AM

Quote from: ?? on ??

Quote from: Pattart on February 23, 2016, 09:36:25 PM

this time the price down to $ 415. may soon be down to $ 400, but I do not think much. if bitcoin will fall to $ 300

Yeah that is true,, the dip haven't even push the $350 so it is really far from happening now that bitcoin would dip at $300 or lower...

I think the $350 will be the long term bottom of the bitcoin price. It is close to the cost of the mining now.

That will not happen around this time. That isnt even possible to happen. You can see now that the value is higher.
Why are you so negative, that is not good. The price is now even rising slowly and that is good for the people who made an investment in Bitcoin.

Mastsetad

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Quote from: romero121 on February 28, 2016, 10:54:43 AM

This will not happen these days. The value is quite stable and increasing. If the price goes down sure most users will be trying to get the much bitcoins at that time, this is just to get good profit after halving days.

Halving is good for taking profit for some people. But if you believe in Bitcoin, you should hold it for the long term.

romero121

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This will not happen these days. The value is quite stable and increasing. If the price goes down sure most users will be trying to get the much bitcoins at that time, this is just to get good profit after halving days.

Red-Apple

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Quote from: Pollak on February 28, 2016, 10:27:23 AM

That will not happen. The price is now rising if you take now a look at it. But it happens very slowly and you need patience.
I think that Bitcoin will becoming more worth in the future and that we all can sell it with some profit.

this is such an old topic but that has never stopped kwukduck from talking about bitcoin's doom

Pollak

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Pollak

That will not happen. The price is now rising if you take now a look at it. But it happens very slowly and you need patience.
I think that Bitcoin will becoming more worth in the future and that we all can sell it with some profit.

randy8777

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Quote from: n0ne on February 28, 2016, 09:00:30 AM

Quote from: 7Priest7 on February 28, 2016, 08:05:37 AM

If it will go down under 300$ it will be awesome time to buy bitcoins, and because it won't stay long there, everyone will get more money

We can't expect such a fall as it has a constant value around 430$ for a long time.
This value if goes down might end up aroud $350 and not less than that.

well, with bitcoin you never know what will happen. we have seen plenty of drama being thrown at bitcoin to cause the price to go down. it seems that from time to time we need this so people can enter the market at lower prices, but not all people will be happy when the price goes down. especially if you have invested heavily and then the price goes down. as far as the $300 goes, it's not likely at this point, but definitely not impossible.

n0ne

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Quote from: 7Priest7 on February 28, 2016, 08:05:37 AM

If it will go down under 300$ it will be awesome time to buy bitcoins, and because it won't stay long there, everyone will get more money

We can't expect such a fall as it has a constant value around 430$ for a long time.
This value if goes down might end up aroud $350 and not less than that.

7Priest7

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If it will go down under 300$ it will be awesome time to buy bitcoins, and because it won't stay long there, everyone will get more money

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