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Topic: How Low Does Bitcoin's Price Need Get to Make People Stop Believing? - page 3. (Read 6918 times)

member
Activity: 84
Merit: 10
★Bitin.io★ - Instant Exchange
Someone has just dumped 27K of BTC!!!! thats a big sell order!

Could be a good time to get cheap BTC!

That is a very optimistic interpretation

Well its pretty cheap now dont you think?

Nothing is as cheap as it can be.
member
Activity: 63
Merit: 10
When price of bitcoin is under $1 that would be the time for people to lose trust in it.
newbie
Activity: 22
Merit: 0
The price will keep going down till the middle of November so everyone please relax
sr. member
Activity: 274
Merit: 250
Price will go down as adoption goes up, simple as that. Until we have more consumer demand (or large investors) it will stay relatively low. I'm okay with that as I know bitcoin right now is building up its useability in the future and has had a lot of good news recently. If you only look at short term prices when making long term decisions you're going to make bad calls.

+ Many

https://bitcointalksearch.org/topic/thats-it-im-out-812539
legendary
Activity: 1260
Merit: 1000
World Class Cryptonaire
Price will go down as adoption goes up, simple as that. Until we have more consumer demand (or large investors) it will stay relatively low. I'm okay with that as I know bitcoin right now is building up its useability in the future and has had a lot of good news recently. If you only look at short term prices when making long term decisions you're going to make bad calls.
hero member
Activity: 658
Merit: 500
ive already become a long term holder. I just cant bare to keep up with the ups and downs for btc and simply stopped trading. BTC as a long term investment is a sure shot. Buying in at $400, currently at a loss but I dont care, i think I bought in low enough. Putting it away for the next several months at least.
full member
Activity: 183
Merit: 100
At $0, if we get there, I'm still gonna be running a full node...I might start mining again too.
I think you make a very good point (probably unintentionally) about the price declining. If the prices continues to decline then it will be unprofitable for miners to mine, which will cause the difficulty to decline. I would say that the difficulty is higher then it needs to be right now to keep the network secure, but it cannot go down to CPU/GPU levels as it would potentially open it up to be attacked and essentially killed off
legendary
Activity: 1260
Merit: 1116
Someone has just dumped 27K of BTC!!!! thats a big sell order!

Could be a good time to get cheap BTC!

That is a very optimistic interpretation

Well its pretty cheap now dont you think?

I don't think anything over $300 is cheap. Especially not today. 30,000 btc dump would crush the market
hero member
Activity: 490
Merit: 500
This has me really depressed. I am getting out of BTC before I lose money. Selling off 100 BTC at $10 a piece...
full member
Activity: 210
Merit: 100
I dont think the true believers will ever stop believing in bitcoin, and nor should they. Fiat has an inevitable death. Maybe sooner than later. Bitcoin is just getting started. These short term monthly swings and government 'bans' are small hurdles compared to the innovations and new technologies with the bitcoin protocol that will be developed in the years moving forward. I'm sure many notable respected people doubted E-mail in the late 90s.
legendary
Activity: 1918
Merit: 1001
Someone has just dumped 27K of BTC!!!! thats a big sell order!

Could be a good time to get cheap BTC!

That is a very optimistic interpretation

Well its pretty cheap now dont you think?
legendary
Activity: 2296
Merit: 1014
Bla bla bla ;] everytime when price is low.
Don't agree single word.
hero member
Activity: 743
Merit: 502
Believing in the technology of bitcoin? NEVER! Unless we find a major, MAJOR flaw in the protocol that is not reasonably fixable. 
If bitcoin hits a dollar, I wil buy 100! and HODL
legendary
Activity: 1260
Merit: 1116
Someone has just dumped 27K of BTC!!!! thats a big sell order!

Could be a good time to get cheap BTC!

That is a very optimistic interpretation
legendary
Activity: 1918
Merit: 1001
Someone has just dumped 27K of BTC!!!! thats a big sell order!

Could be a good time to get cheap BTC!
donator
Activity: 1464
Merit: 1047
I outlived my lifetime membership:)
At $0, if we get there, I'm still gonna be running a full node...I might start mining again too.
sr. member
Activity: 365
Merit: 251
is there any price point that would cause you to pull your money out of bitcoin?
Not really. Selling locks in your losses. By the time the price gets so low that I truly write Bitcoin off, I'll already have lost so much that losing the residual value won't make much difference. I'd rather hold and hope something changes. A trader would sell on the way down, then buy it all back at the bottom, but to do that you need to watch the market like a hawk, guess correctly where the bottom is, and have nerves of steel. I'm not that guy.

The thing is, "price" is the wrong question. It'd be existential threats to Bitcoin that would make me sell. Like flaws in the maths, new legislation or competition from a new coin. Now, I am a fan of certain PoS coins, and if it looked to me as though one of those coins was kicking Bitcoins arse in the markets, then I'd sell my BTC because it would be over. That's not what's happening today. The fiat isn't flowing out of Bitcoin and into some other crypto-currency. It's crypto-currencies as a whole that are crashing. And I don't see a reason for that. The value proposition is still sound. At some point you have to have some faith in your own judgement and just hold on.
member
Activity: 84
Merit: 10
★Bitin.io★ - Instant Exchange
Lower price is, wider can bit coin adopt. If it will go to $1, everyone will buy few of them.
full member
Activity: 173
Merit: 100
Bitcoin will be dethroned in near future....BTC obsolete, there are better projects based around blockchain technology...just needs time get more recognition.
False. New shitcoins offer nothing that bitcoin cannot offer and are much less secure. The network that "secures" the shitcoins are primarily secured by rented hashpower by the devs who can easily manipulate the blockchain
member
Activity: 111
Merit: 10
I personally don't care too much about the price. Bitcoin is a revolutionary technology and can have many uses. I'll always believe Smiley.
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