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Topic: I AM HODLING - page 36. (Read 796217 times)

hero member
Activity: 639
Merit: 500
June 12, 2015, 07:03:50 AM
i'm holding too, and i'm forced to do it, because i did not have a great amount for now, and i don't want to lose my little wallet in gambling or trading, i could start maybe some activity to increase my balance, but with all that i have to do it is better to just hold and hoping for the best, many are doing this and they will be rewarded in the end, like those that were holding before the last big bubble
legendary
Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
June 11, 2015, 02:50:32 PM
I have just primarily been sitting on my holdings for about the last year without buying too many more.

I spend some coins every once in awhile and just replenish what I have spent.   Still in it for the long haul, but I miss those days of excitement being glued to the charts...
STT
legendary
Activity: 4102
Merit: 1454
June 10, 2015, 09:05:31 PM
Its not people who hold that really matter with a coin system such as bitcoin.   Those who actually use it as a means of exchange over the world especially on fast velocity transactions, they create value and likely determine where the coin is headed in future.    

If we all just held the coin and thats it, just smoked a pipe dreaming of what it could be worth then its value is essentially zero at that time and my guess in future for all time also.   You want to know the btc price in years then ask those actually use it most.  If its not useful to its users, its not valued is likely how it goes
legendary
Activity: 1372
Merit: 1123
June 10, 2015, 08:00:52 PM
I would definitely hold a majority of my coins for several years to see how much growth really happens with Bitcoin.
sr. member
Activity: 367
Merit: 250
June 04, 2015, 08:12:45 PM
If you want to think about realistic prices, first think about the mining subsidy (currently 3600 coins created per day). Then compare the subsidy's USD value to the size of the bitcoin economy and demand for bitcoin.

3600 * 235 = $846,000

846,000 seems like a reasonably small number compared to the total trade volume.

When people start talking about $20,000 bitcoin valuations, even in the next reward era where 1800 coins are created per day, you have to wonder if they've done the math.

1800 * 20,000 = $36,000,000 per day bitcoin mining industry. How large does the bitcoin economy have to be where $36,000,000 (daily) is a reasonably small number compared to it?

I'm settling into the view that we need to wait several more halvings before such valuations are possible to be maintained. (Of course, a brief spike can go unimaginably high)



Are you also adding the lost coins, and scam coins as well?

Cause that also effects the price toll on bitcoin, since those coins cant be mined or found again.


Scam coins are not lost coins, the scammers dump them on btc-e or somewhere else. People usually scam to earn money, if they couldn't spend, they would not scam.

And I doubt that anything near 25 btc/day is lost or destroyed.

So I guess the net effect is low

hero member
Activity: 798
Merit: 1000
21 million. I want them all.
June 04, 2015, 06:46:19 PM
If you want to think about realistic prices, first think about the mining subsidy (currently 3600 coins created per day). Then compare the subsidy's USD value to the size of the bitcoin economy and demand for bitcoin.

3600 * 235 = $846,000

846,000 seems like a reasonably small number compared to the total trade volume.

When people start talking about $20,000 bitcoin valuations, even in the next reward era where 1800 coins are created per day, you have to wonder if they've done the math.

1800 * 20,000 = $36,000,000 per day bitcoin mining industry. How large does the bitcoin economy have to be where $36,000,000 (daily) is a reasonably small number compared to it?

I'm settling into the view that we need to wait several more halvings before such valuations are possible to be maintained. (Of course, a brief spike can go unimaginably high)




Are you also adding the lost coins, and scam coins as well?

Cause that also effects the price toll on bitcoin, since those coins cant be mined or found again.

I don't think anywhere near 25 coins are lost every 10 minutes. Coins being lost might start to matter when the reward goes down to single digits.
legendary
Activity: 1638
Merit: 1163
Where is my ring of blades...
June 04, 2015, 07:43:22 AM
i was thinking about selling some of my coins but the recent drops in price and the way the market looks, i don't know anymore what to do.
currently i am holding and i think it is the best decision so far, for now.
sr. member
Activity: 321
Merit: 250
June 04, 2015, 06:26:15 AM
Sold at 1000 dollar and im happy with that
full member
Activity: 209
Merit: 250
June 03, 2015, 10:29:19 PM
holding and fast trade
i think fast trade is better than holding
example
i trade with profit 0.5% /day and i trade 1time/day
0.5% x 30 = 15%
i get 15% permonth that very high interest than Bank or holding

i can trade 2-3 time /day Smiley
hero member
Activity: 826
Merit: 1000
June 03, 2015, 02:35:50 PM
If you want to think about realistic prices, first think about the mining subsidy (currently 3600 coins created per day). Then compare the subsidy's USD value to the size of the bitcoin economy and demand for bitcoin.

3600 * 235 = $846,000

846,000 seems like a reasonably small number compared to the total trade volume.

When people start talking about $20,000 bitcoin valuations, even in the next reward era where 1800 coins are created per day, you have to wonder if they've done the math.

1800 * 20,000 = $36,000,000 per day bitcoin mining industry. How large does the bitcoin economy have to be where $36,000,000 (daily) is a reasonably small number compared to it?

I'm settling into the view that we need to wait several more halvings before such valuations are possible to be maintained. (Of course, a brief spike can go unimaginably high)




Are you also adding the lost coins, and scam coins as well?

Cause that also effects the price toll on bitcoin, since those coins cant be mined or found again.
hero member
Activity: 798
Merit: 1000
21 million. I want them all.
June 03, 2015, 02:30:06 PM
If you want to think about realistic prices, first think about the mining subsidy (currently 3600 coins created per day). Then compare the subsidy's USD value to the size of the bitcoin economy and demand for bitcoin.

3600 * 235 = $846,000

846,000 seems like a reasonably small number compared to the total trade volume.

When people start talking about $20,000 bitcoin valuations, even in the next reward era where 1800 coins are created per day, you have to wonder if they've done the math.

1800 * 20,000 = $36,000,000 per day bitcoin mining industry. How large does the bitcoin economy have to be where $36,000,000 (daily) is a reasonably small number compared to it?

I'm settling into the view that we need to wait several more halvings before such valuations are possible to be maintained. (Of course, a brief spike can go unimaginably high)




i always thought that the halving time between each halving was way too much, 1 year would have been enough, to speed up the whole ratio about produced coins and total coins(now the ratio is about 3888:1 still too small one could say), we need to reach 50k ratio at least

so around the year 2036, which is(funny enough it is about the same value before any halving) around 50 coins(56 to be exactly) per day produced

The distribution period as a whole is just too long. I guess 10 years was a reasonable amount of time. Satoshi had no idea whether the first 5 years would have any uptake at all. If he designed bitcoin to be 90% mined in 5 years, he could have all the bitcoins going to a handful of people. So now we wait.
legendary
Activity: 1456
Merit: 1002
June 03, 2015, 12:46:36 PM
holding is the best option. it's a solid long term investment with possibly a very high return. you only need patience. not every one can hold like a boss.

Easy talk with your 0.5btc holdings. I earn more than that per hour in fiat every day at work.
But I am hodling too, my dick and my IWC watch. Thanks to the suckers buying my coins above 900$.



Hahah, people seem to be very disconnect from reality.

They see free money as a way justified reason to being unemployed I guess lol. Everyone wants to be rag to riches over night..
hero member
Activity: 686
Merit: 500
June 03, 2015, 12:14:09 PM
All the HODLers gonna be da LOSers Cheesy
Bold statement Tongue
legendary
Activity: 3248
Merit: 1070
June 01, 2015, 05:47:14 AM
If you want to think about realistic prices, first think about the mining subsidy (currently 3600 coins created per day). Then compare the subsidy's USD value to the size of the bitcoin economy and demand for bitcoin.

3600 * 235 = $846,000

846,000 seems like a reasonably small number compared to the total trade volume.

When people start talking about $20,000 bitcoin valuations, even in the next reward era where 1800 coins are created per day, you have to wonder if they've done the math.

1800 * 20,000 = $36,000,000 per day bitcoin mining industry. How large does the bitcoin economy have to be where $36,000,000 (daily) is a reasonably small number compared to it?

I'm settling into the view that we need to wait several more halvings before such valuations are possible to be maintained. (Of course, a brief spike can go unimaginably high)




i always thought that the halving time between each halving was way too much, 1 year would have been enough, to speed up the whole ratio about produced coins and total coins(now the ratio is about 3888:1 still too small one could say), we need to reach 50k ratio at least

so around the year 2036, which is(funny enough it is about the same value before any halving) around 50 coins(56 to be exactly) per day produced
sr. member
Activity: 462
Merit: 250
May 31, 2015, 02:48:06 PM
All the HODLers gonna be da LOSers Cheesy
Agree  Grin
Movement is life
Life is movement
You all dead people who are HODLing make this review come true:
"In case there is any doubt after yesterday’s market action, Bitcoins are not money.  They also can never be money, in the sense of providing an alternative to the U.S. dollar for operating the U.S. economy.  Rather, they are 'digital collectibles', the cyber equivalent of rare postage stamps".
hero member
Activity: 798
Merit: 1000
21 million. I want them all.
May 31, 2015, 12:56:55 AM
If you want to think about realistic prices, first think about the mining subsidy (currently 3600 coins created per day). Then compare the subsidy's USD value to the size of the bitcoin economy and demand for bitcoin.

3600 * 235 = $846,000

846,000 seems like a reasonably small number compared to the total trade volume.

When people start talking about $20,000 bitcoin valuations, even in the next reward era where 1800 coins are created per day, you have to wonder if they've done the math.

1800 * 20,000 = $36,000,000 per day bitcoin mining industry. How large does the bitcoin economy have to be where $36,000,000 (daily) is a reasonably small number compared to it?

I'm settling into the view that we need to wait several more halvings before such valuations are possible to be maintained. (Of course, a brief spike can go unimaginably high)


hero member
Activity: 700
Merit: 501
May 30, 2015, 12:21:08 PM
I remember back in the day my little rig could squeeze out a bitcoin in just a couple days... insta sell in mtgox.... good times, good times

Insta sell for peanuts?  Smiley
Well, you couldn't tell if Bitcoin would ever even reach 1 dollar. Back in the day people that thought a Bitcoin would be as valuable as king dollar were described as insane.
It's simply impossible to know what will happen next, cant blame people on past investments.
member
Activity: 74
Merit: 10
May 30, 2015, 11:13:16 AM
I remember back in the day my little rig could squeeze out a bitcoin in just a couple days... insta sell in mtgox.... good times, good times

Insta sell for peanuts?  Smiley

If he could get a transfer of peanuts out of there to his bank he was doing better than most, unless he's talking about the early days when Gox let you withdraw dollars.
sr. member
Activity: 303
Merit: 250
May 30, 2015, 06:42:18 AM
I remember back in the day my little rig could squeeze out a bitcoin in just a couple days... insta sell in mtgox.... good times, good times

Insta sell for peanuts?  Smiley
hero member
Activity: 966
Merit: 1000
It's Not Enough
May 29, 2015, 12:18:00 PM
I remember back in the day my little rig could squeeze out a bitcoin in just a couple days... insta sell in mtgox.... good times, good times
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