Topic: I need bitcoin to be $690 to break even.....will I make it? - page 18. (Read 26239 times)
Yeah, you can get even in 2 or three years. I would hope that we reach it in 2015, but I think we're gonna see that price again October of 2016. Maybe a bit before then. Then we're gonna get to $800+ sometime after the halving coming December 2016. But that's just a guess.
Will I make it?
BTC looks like it's about to be eclipsed by XRP, but I'm not suggesting that you buy XRP, though a long XRP/short BTC might be good for a short term trade.
Why use BTC when XRP fully confirms in 10 seconds?
I'd recommend value investing the cryptocurrencies that look like they have what everyone complains of BTC.
Fuck your shitty XRP bullshit.... please go
Will I make it?
Best if can average down your price to about $300-400, since bitcoin now is cheap..
5 years would be ideal... after that I might give up
If you're still valuing your bitcoins based on an exchange rate, you're doing it wrong.
How else would I measure its purchasing power? If I don't value it by its purchasing power how else should it be valued??
Exchange rate != purchasing power.
Purchasing power parity is tough to determine, the Big Mac index that the Economist publishes is your best bet. What you should do is look at how many BTC are required to buy 1 Big Mac over the next 5 years (on average). You'll know deep in your bones what inflationary vs. deflationary means then
5 years would be ideal... after that I might give up
I think that's a sensible time frame. We'll know whether it has a chance of kicking off properly long before that. The biggest hurdles are likely to be surmounted over the course of the next couple of years.
You should be able to make it, as Bitcoin will gain value over time. The time period is something you should be concerned with, as it may take years
If you have patience you will regain your loses.
How much patience..... are we talking 2 years or 20 years?
If you have patience you will regain your loses.
Will I make it?
Eventually. Sit on your paper losses until then.If you have some extra cash, buy now to bring the break even price down.
I do, but I also put in ~$25K into bitcoin in the last year, which is a lot already, should I really risk more.... bitcoin price recovering is still uncertain
Will I make it?
Eventually. Sit on your paper losses until then.If you have some extra cash, buy now to bring the break even price down.
Try not to think of it as losing money. Think of it as gaining power pellets 
Will I make it?
Learn chines and ask in chines subforumwhay because china control
btcchina 5,307,767 BTC 36.80 % CNY
okcoin 3,915,284 BTC 27.15 % CNY USD
huobi 1,969,329 BTC 13.66 % CNY
bitfinex 1,214,340 BTC 8.42 % USD
lakebtc 376,095 2.61 %
total market share in last 6 month 88,64 % total Bitcoin market
if china bay BTC easy BTC go to 1000$ if sale easy go to 1$
Eu control 6%
Usa control 4-5%
Also i sale my BTC if come to 300$
If you're still valuing your bitcoins based on an exchange rate, you're doing it wrong.
I'm sure the OP would sell you all of his BTC for $690/BTC. I'll cut you a bargain and sell mine at $400/BTC.
Edit: I was very surprised to read this comment from you.
5 years would be ideal... after that I might give up
If you're still valuing your bitcoins based on an exchange rate, you're doing it wrong.
How else would I measure its purchasing power? If I don't value it by its purchasing power how else should it be valued??
If you're still valuing your bitcoins based on an exchange rate, you're doing it wrong.
Will I make it?
Any timeline?
Will I make it?
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