"Until you die?"
Yes. No matter what. If I have to live in a cardboard box under a free way I'll never sell.
Topic: How Low Does Bitcoin's Price Need Get to Make People Stop Believing? (Read 6918 times)
May 12, 2015, 06:14:18 PM
For me, it doesn't matter what price bitcoin is, as long as there are services that accept it.
I won't mind if bitcoin hits $10 or even $1, if people still offer the same services they offer today, I'm happy.
If bitcoins does hit $1 i'm sure there won't be any services anyway, with only a $21M marketcap.
I won't mind if bitcoin hits $10 or even $1, if people still offer the same services they offer today, I'm happy.
If bitcoins does hit $1 i'm sure there won't be any services anyway, with only a $21M marketcap.
If there was that many services accepting it, naturally the marketcap would be alot higher than what it has ever been. Adoption and acceptance is key to the success of any cryptocurrency.
May 12, 2015, 06:12:46 AM
For me, it doesn't matter what price bitcoin is, as long as there are services that accept it.
I won't mind if bitcoin hits $10 or even $1, if people still offer the same services they offer today, I'm happy.
If bitcoins does hit $1 i'm sure there won't be any services anyway, with only a $21M marketcap.
I won't mind if bitcoin hits $10 or even $1, if people still offer the same services they offer today, I'm happy.
If bitcoins does hit $1 i'm sure there won't be any services anyway, with only a $21M marketcap.
May 11, 2015, 09:39:38 PM
You're deluded in thinking that most are here for believing. Its mostly due to the possibility of making quick money. No matter how low it goes, there will always be those who will want to buy at those prices hoping for a quick profit. In addition some of those who bought higher may want to cost average and get more.
I think you're right and you're wrong. Even the most pissed-in-the-woods bear will admit when pressed: Bitcoin is too neat to die.
May 11, 2015, 01:10:59 PM
Just remember that any bear market is always more ferocious, if I can use that word, than a bull (upward) market. The main reason being that initial selling leads to more selling and eventually panic selling which, I think, is what we are seeing now. In an upward market you do not get 'panic' buying. So a downward market can and will often go into a sort of dump mode and during this time many a weak hand will be shaken from the market. I expect the price to dip even further before it will find support. That support will come from people buying back into bitcoin after the weak hands have been shaken out. I know I'll be buying in as much as I can over the next couple of weeks.
Also, as some have already mentioned countless times, this is not unique to bitcoin. The dollar is giving must other currencies a beating now. Just go look at the Australian dollar vs the dollar for the past couple of weeks. Its down a big big stretch, almost in a straight line. So its not bitcoin failing.....its the market at work.
Yes you do? That's where bubbles come from. Also, as some have already mentioned countless times, this is not unique to bitcoin. The dollar is giving must other currencies a beating now. Just go look at the Australian dollar vs the dollar for the past couple of weeks. Its down a big big stretch, almost in a straight line. So its not bitcoin failing.....its the market at work.
May 11, 2015, 10:15:48 AM
Just remember that any bear market is always more ferocious, if I can use that word, than a bull (upward) market. The main reason being that initial selling leads to more selling and eventually panic selling which, I think, is what we are seeing now. In an upward market you do not get 'panic' buying. So a downward market can and will often go into a sort of dump mode and during this time many a weak hand will be shaken from the market. I expect the price to dip even further before it will find support. That support will come from people buying back into bitcoin after the weak hands have been shaken out. I know I'll be buying in as much as I can over the next couple of weeks.
Also, as some have already mentioned countless times, this is not unique to bitcoin. The dollar is giving must other currencies a beating now. Just go look at the Australian dollar vs the dollar for the past couple of weeks. Its down a big big stretch, almost in a straight line. So its not bitcoin failing.....its the market at work.
Also, as some have already mentioned countless times, this is not unique to bitcoin. The dollar is giving must other currencies a beating now. Just go look at the Australian dollar vs the dollar for the past couple of weeks. Its down a big big stretch, almost in a straight line. So its not bitcoin failing.....its the market at work.
May 11, 2015, 08:20:47 AM
I don't see it going to a low that people would stop believing in it...
And besides, he is right. it might go too low, and he'll "cut his loses", however the price drop will bring in more investors &folks looking to get in, however the price was too high. This will create a new demand in the market, and the price can go back up again......
And besides, he is right. it might go too low, and he'll "cut his loses", however the price drop will bring in more investors &folks looking to get in, however the price was too high. This will create a new demand in the market, and the price can go back up again......
May 11, 2015, 01:44:42 AM
You're deluded in thinking that most are here for believing. Its mostly due to the possibility of making quick money. No matter how low it goes, there will always be those who will want to buy at those prices hoping for a quick profit. In addition some of those who bought higher may want to cost average and get more.
May 11, 2015, 01:05:49 AM
I got excited about all the hype with bitcoin, but now i look at it and see nothing special other than paving the future of crypto, now every man and his dsog is out there starting their own coins to compete.
Anyway, serious projects like NXT, NEM and ethereum will pave the way of the future and leave BTC for dead as the dinosaur that it already is.
Anyway, serious projects like NXT, NEM and ethereum will pave the way of the future and leave BTC for dead as the dinosaur that it already is.
Aha there has been attempts the last 4-6 years to create a new better crypto which moons because that seems to be all people care about. Nothing has come close and I doubt ever will especially them things you speak of
By things I mean crapcoins. Don't you think nxt has had a nice amount of time to become highly successful? 100% premine controlled by a few players! No thanks. OP it doesn't matter how low it goes there will always be believers, as long as the difficulty gets reduced the lower it goes I see no problem with the price it was cents once before, also if it went to a few dollars the pumps would be epic goldmines.Just shows you dont know a thing about NXT, 1, because there was no premine, 2, anyone had the chance to invest in the IPO, but most declined the offer and now are sore about their poor decision and naturally are trolls.
May 11, 2015, 12:40:49 AM
Stop believing? Sleep well knowing your beliefs are for sale.
If you don't believe, why are you here?
If you don't believe, why are you here?
Some people hang around, to make people negative about Bitcoin, so that they can push their own agenda. {They might for instance, support another Alt coin
Everything is not just above the table as you might think.... It's a dog eats dog world out there.
There are room for everyone, so stop the pushing and shoving.
May 11, 2015, 12:29:05 AM
Giving up means you're willing to accept the current banking & Fed Reserve system... this should never be an option.
May 10, 2015, 11:47:34 PM
Stop believing? Sleep well knowing your beliefs are for sale.
If you don't believe, why are you here?
If you don't believe, why are you here?
May 10, 2015, 11:45:36 PM
I got excited about all the hype with bitcoin, but now i look at it and see nothing special other than paving the future of crypto, now every man and his dsog is out there starting their own coins to compete.
Anyway, serious projects like NXT, NEM and ethereum will pave the way of the future and leave BTC for dead as the dinosaur that it already is.
Anyway, serious projects like NXT, NEM and ethereum will pave the way of the future and leave BTC for dead as the dinosaur that it already is.
Aha there has been attempts the last 4-6 years to create a new better crypto which moons because that seems to be all people care about. Nothing has come close and I doubt ever will especially them things you speak of
By things I mean crapcoins. Don't you think nxt has had a nice amount of time to become highly successful? 100% premine controlled by a few players! No thanks. OP it doesn't matter how low it goes there will always be believers, as long as the difficulty gets reduced the lower it goes I see no problem with the price it was cents once before, also if it went to a few dollars the pumps would be epic goldmines. May 10, 2015, 11:34:54 PM
I got excited about all the hype with bitcoin, but now i look at it and see nothing special other than paving the future of crypto, now every man and his dsog is out there starting their own coins to compete.
Anyway, serious projects like NXT, NEM and ethereum will pave the way of the future and leave BTC for dead as the dinosaur that it already is.
Anyway, serious projects like NXT, NEM and ethereum will pave the way of the future and leave BTC for dead as the dinosaur that it already is.
While I wouldn't completely rule out the possibility of another coin surpassing BTC at some point in the future, it seems unlikely and also I don't know if it would be any of the current alt coins out there. The masses aren't technically minded and will probably jump on something recognisable, like if a well known company launched their own coin. I'm imagining something horrible like Googlebucks or Microsoftcoin. Also, if ethereum wants to be taken seriously, it needs to hurry up and stop looking like vapourware. It's about to be made obsolete by coins that are not only turing-complete, but will also be able to trade directly from one block chain to another without using a centralised exchange. If I had bet anything on ethereum, I'd be getting pretty worried about now.
I didnt invest in Ethereum because of that, but its possible it may be a success if it does what they claim.
Im a big believer in NXT and i have also invested in NEM incase that succeeds. 99% of the alts are crap, or just driven by hype.
Whatever is successful will be whatever coin can work around the flaws in blockchain technology, which there are quite a few issues that need to be addressed. Blockchain pruning is one such example that i would like to see implemented in addition to instant transactions for POS use.
May 08, 2015, 05:48:20 PM
I got excited about all the hype with bitcoin, but now i look at it and see nothing special other than paving the future of crypto, now every man and his dsog is out there starting their own coins to compete.
Anyway, serious projects like NXT, NEM and ethereum will pave the way of the future and leave BTC for dead as the dinosaur that it already is.
Anyway, serious projects like NXT, NEM and ethereum will pave the way of the future and leave BTC for dead as the dinosaur that it already is.
While I wouldn't completely rule out the possibility of another coin surpassing BTC at some point in the future, it seems unlikely and also I don't know if it would be any of the current alt coins out there. The masses aren't technically minded and will probably jump on something recognisable, like if a well known company launched their own coin. I'm imagining something horrible like Googlebucks or Microsoftcoin. Also, if ethereum wants to be taken seriously, it needs to hurry up and stop looking like vapourware. It's about to be made obsolete by coins that are not only turing-complete, but will also be able to trade directly from one block chain to another without using a centralised exchange. If I had bet anything on ethereum, I'd be getting pretty worried about now.
May 08, 2015, 05:21:40 PM
This is very difficult question.
In my opinion, if people started with bitcoin when price was much higher than now, $ 500 or more, and now, for the long time they don't see any positive changes, I think that this people can start loosing faith in bitcoin, specially if they bought bitcoin as investment only.
If people using bitcoin also for buying and selling digital products and services online, they may think differently.
In my opinion, if people started with bitcoin when price was much higher than now, $ 500 or more, and now, for the long time they don't see any positive changes, I think that this people can start loosing faith in bitcoin, specially if they bought bitcoin as investment only.
If people using bitcoin also for buying and selling digital products and services online, they may think differently.
Problem is that Bitcoins price was over inflated, driven by hype as the word spread about it so every man and his dog was buying it, then the same thing happened with all the other alts.
There could be a big slump for some time and then things should stabilise, but BTC could very well loose alot of marketshare to other coins.
May 08, 2015, 02:21:28 AM
This is very difficult question.
In my opinion, if people started with bitcoin when price was much higher than now, $ 500 or more, and now, for the long time they don't see any positive changes, I think that this people can start loosing faith in bitcoin, specially if they bought bitcoin as investment only.
If people using bitcoin also for buying and selling digital products and services online, they may think differently.
In my opinion, if people started with bitcoin when price was much higher than now, $ 500 or more, and now, for the long time they don't see any positive changes, I think that this people can start loosing faith in bitcoin, specially if they bought bitcoin as investment only.
If people using bitcoin also for buying and selling digital products and services online, they may think differently.
May 08, 2015, 01:53:45 AM
I got excited about all the hype with bitcoin, but now i look at it and see nothing special other than paving the future of crypto, now every man and his dsog is out there starting their own coins to compete.
Anyway, serious projects like NXT, NEM and ethereum will pave the way of the future and leave BTC for dead as the dinosaur that it already is.
Anyway, serious projects like NXT, NEM and ethereum will pave the way of the future and leave BTC for dead as the dinosaur that it already is.
May 07, 2015, 05:13:00 PM
Well, earlier I thought 250 might do it, but it appears not, people still hanging in there. I guess people believed in bitcoin at one US cent and so there will always be some faith in it unless the protocol is clearly broken in some way.
May 07, 2015, 04:03:50 AM
I'm neutral, I don't have any incentive to use Bitcoin anymore, so it's mainly to amuse myself, watch if it crashes and burns or takes off.
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