Topic: I need bitcoin to be $690 to break even.....will I make it? - page 6. (Read 26238 times)

Indeed there is none, unless you know what you are doing exactly and not speculating on it


As always, it seems that you posting something without some facts again. Seriously stop getting into delusion that there is only 0.001 % in a month. How about checking on some facts before posting? Feel free to check this https://bitcoinwisdom.com/. It is 3.55 % in a month which is quite a decent amount considering that if someone is not really active in trading. The 3.55 % could actually be higher if you sell it on the right count because price has declined since the last rally .

Much better is that if you know how to take position and profitted yourself from each small rally or some rebounds. Basically this is what holder left out because it is too much trouble for them . Instead of limiting themselves with a stop loss. Most people keep on holding and when the price crashed all they still do is holding it and hope that the price could get better

---

On another count, the 600 % gain in altcoin that you stated is merely a delusion as well because it is not everyday that you could get it. Also that it is off topic to discuss about altcoin in this thread

The swiss frank also had a merciless swing this january, is that a crappy currency with no market depth. It seems so.

This is the problem with speculation, no market is safer than others, so the only parameter left is % return, and i`d rather chose 600% gain in 1 day then 0.001% gain in 1 month

Right on the nail except for the discount rate so corrected them abit. Most people are focusing on the current market price while some other are focusing on the value of it which is why some people hold stash of BTC without even care about the current rate because they believe that someday their stash will have a value.
While on the other hand , there are peoples that are focusing on the daily rate and profitted themselves from each small rally and stuff. The "current price" has become a some standards for most people that are accustom to this

Also that the words value has a alot of meanings not only in term of the prices . Security is a valuable things to consider as well and with BTC you can provide yourself with a top notch security without having to relly on a traditional bank anymore. This is considered as value as well (well atleast for me)

Have to ask are you serious? You honestly think bitcoin will 100 times higher than it is now  So from $24,200, 100 times now to a sentence later you think it will go to $50,000 righto.

OP Pretty sure you would have reduced your average down by now from $690? Even if you have not I hold faith in the end you will be able to make a profit or at least get most of your investment back.

There are people in worse situations buying in $700+  all will be ok.

Are you serious? In 5 years the price will jump over 100 times higher then now.
But i knew it that you will sell your bitcoins at around 2000 Dollar and then repent it when it will be over 50.000 Dollar,
when you ask such questions like will be bitcoin break 690 Dollar.

There are two values: the market price, which is the amount you'll get right now, and the present value, which is an expected future market price with a discount rate applied.

I suppose that when people say that price and value are different, they assume that "price" means the market price, and "value" means present value.

Note that (assuming an efficient market) there is only one market price, but there is an infinite number of present values because each person can expect different future market prices and different discount rates.

Your statement is quite contradicting each another ( the first and the second ). Basically if you are base-ing it on future potential value then you do not need to worry about the current exchange rate. With that being said, this is what most bag holder sees, they left out the current exchange rate and keep on holding because they do believe that BTC has a potential to go until 4 figures at least ( in term of price not value ). You are not doing it right because you are focusing yourself on the current exchange rate if you really value them by their future potential value

Also that you should note that there is a different between "value" and "price" . BTC with no doubt got some potential value in the future but that doesnt mean that this value will go along with its price


Standard things of economy, supply and demands. Which means that according to this theoretically , the price will increase in the future because the supply is fixed on 21M supply but only if there is a demands on it which means that mass adoptions is indeed needed for this. This is according to theory which alot of bagholder hold their principle on which is also the reason why they keep on holding and waiting despite that they could get some profit from a small rally or rebound

i know this is an old post, but.... how else would we value them? i mean, i value them also based on future potential value, but that is in relation to the exchange rate. because the important thing IMO is, of course, purchasing power.

You'd better choose yourself a coin with some proper market depth or your 600% gain will instantly turn into a 60% loss when you cash out a heady 0.1 BTC.

Alts can hit the spot but they're pure guesswork at the mercy of some totally merciless traders. I'd never bother with anything other than pin money again.

Ah forget about bitcoin, buy altcoins.

With bitcoin you need to wait like 2-3 years to reach 690$, with altcoins you only need to wait 2-3 days.

Some altcoins give 600% returns in like 30 minutes.

This is not a big issue if you are a business owner that accepts BTC because you can always use some sort payment processor to convert the price into BTC equivalent with the current rate. However if you are merely pointing this in the point of view of a customer than it is a risk that someone should take if they are using BTC as payment method.

On the other hand, if you are dealing with larger amount of transactions then there is an advantages of using BTC which is that you will pay less fee for the transaction which is a good deal and of course no question asked even if you are dealing hundreds thousand of dollars overnight unlike FIAT transaction in a bank


With the current volatility, it is pretty bad decision of course to relly on BTC as a life savings but if you are a fan of security then it is pretty much safer to relly on BTC rather than traditional banking system if you know how to secure them properly .
Not only that BTC is vulnureable to a hacking but a banking system could be hacked as well, it is a delusion to think that your life saving is save at a bank account because both is hackable but BTC is much better in term of security

No doubt that's one of the biggest advantages of BTC but the problem is that many people would avoid using it if they know they can lose the value of what they're transferring by 10% or more in a matter of minutes or even seconds. Personally I wouldn't keep my life savings in BTC, it's just too risky (not only financially but also in terms of regulation, account can get hacked etc.)

when I got into mining oct 18th BTC was $150 usd ..then imho the china bubble ( a lot of Chinese trying to get 40 years of wealth out of china they could not do previous
in the form of BTC asap) and the authoritarian crackdown in 2014 from China and other countries on crypto and BTC and the bubble pop'd with the above and also
speculation was involved ...add mt. gox and other scandals and it is kind surprising it limped into 2015 to tell you the truth...

now it is 250 for btc more or less

if next year it goes say 350 etc that works for me too ...but BTC also will work as protocol for moving wealth world wide from 'not so enlightened' countries due to greed
war corruption etc to safe havens without banks/gov't involvement....that will come first...then as a method beyond this protocol the coin price will be based on how useful this network is for doing such..that perceived use will determine coin price for the next 5 years imho with hopefully adoption ticking up ..but adoption will tick up on the hopefully working
protocol and hopefully good press on the above working as I state (knock wood)

folk adopting something that they see in press and elsewhere as having a legit and unique use and the fact it is open source etc would go a long way to easing any fears
on price..the old saw "now I get it" then to 'lets also buy some btc' ah ha moment (i hope)

anyway badly explained but how i see it ..kinda sorta in a rough kinda way..

If it was the currency of the future it wouldn't have slumpped massively from $800 to $200.

Why? C`mon bitcoin is not a pump and dump. It's a currency of the future, which offers alot of possibilities.

$690 it was easy for china, as we know that china has control of the price of bitcoin,by the way iam gonna sell my bitcoin to if come to $280 - $300 iam waiting for it

Yes you will make it the question is will it be this year or in the next few years, I was in a similar place where it cost me around $250 and crashed to $70, like a crazy man I just kept buying and averaging down and got to a point where I got away with nice profit and more coin than I started with. If I was you I would not just sit around and wait to make it, I would do something about it. Good luck.

The 'problem' is that interest rates determine that demand you're referring to.
The Aussie Dollar and the NZ Dollar used to worth so much and now their currencies plunged against the USD because of expectations of rapid economic changes in the US, so it's hard to think that the faith of BTC would be different.

How?  Bonk your head really hard with something, and forget about bitcoin.  Write a message to yourself that will only be sent 20 years later (IDK, use technology) that you are still in possession of bitcoin.  Done.
I think in 20 years bitcoin will either be striving or dead.  Very little chance of an in-between.

its a trend with any investment bitcoin or gold you have to wait a while before you get something out of it i would wait 20 years but in that time frame you will get so much its crazy