If it goes to $275, are you going to keep faith or just give up save the little. - page 9.

turvarya

hero member

Activity: 714

Merit: 500

Quote from: wickedgoodtrader on December 19, 2014, 12:16:21 AM

BTC has to fall a lot further for it to stop falling if that makes any sense. I've been saying this for a long time now. the numbers are pretty easy to calculate.

3600/coins a day mined at current prices = $1.1 mil. which equates to $33/mil/month. That much money needs to flow into BTC JUST TO BREAK EVEN. Miners and electricity are fawking expensive and they dump the coins to pay the bills.

The reward half will help but that's in 80 weeks! And even then 1600 coins will still be coming out for 4 years. So at current prices that would mean Still another $15/mil a month. This is to just cover the new coins. If anybody spends other coins then more money needs to come in to cover those.

It's really not that hard to see why BTC will be on a downtrend for a long time.

Let's make a reality check before speculating:
https://blockchain.info/address/1FeDtFhARLxjKUPPkQqEBL78tisenc9znS

Doesn't seem like a quick dump address to me.
Other adresses:
https://blockchain.info/address/1CjPR7Z5ZSyWk6WtXvSFgkptmpoi4UM9BC

Seriously, the blockchain is a public ledger. Just look it up, instead of speculating.

MadGamer

legendary

Activity: 1568

Merit: 1031

Quote from: thms on December 18, 2014, 11:38:43 PM

...save the little left that you invested?

Or are you going to buy more?

Started not a long time on Bitcoin world and I won't give up just like that Grin

so I will probably just keep buying & buying and hoping that It will never get down.

WhatsBitcoin

hero member

Activity: 560

Merit: 502

Depends on how long it takes to reach it. If its a quick drop then yeah problem.

AGD

legendary

Activity: 2070

Merit: 1164

Keeper of the Private Key

Why exactly 275$? Will OP as the same question with another number anytime the price changes?
(If it goes to 250$..., If it goes to 1$..., if it goes to 100000$....)

What is so fraggin interesting about what the people do when the price hits 275?

UnlikelyStory

newbie

Activity: 28

Merit: 0

Keep buying.

fryarminer

hero member

Activity: 686

Merit: 500

I may be an idiot, but I'm all in. All my savings and half of my credit debt is all in bitcoin. If this ship sinks I'm as good as dead, but I know this ship ain't sinking.

fryarminer

hero member

Activity: 686

Merit: 500

Quote from: Beliathon on December 19, 2014, 12:24:41 AM

Quote from: knight22 on December 19, 2014, 12:21:43 AM

You need to repress your fear/greed feelings and act with logic. Buy low / sell high.

Any and all valuations of btc in trade for fiat scrip are hideously low by definition.

The people of the future will look back on the selling of btc for fiat currency the way we might would look upon trading a $100 bill for a couple of rare seashells.

Note: Seashells were once used as currency.

Dude. Your post gave impact. I read the second sentence twice because I didn't understand it, then I read the third sentence and it clicked.

bitcoinbelieve

sr. member

Activity: 658

Merit: 250

No one knows what is going to happen to bitcoin price and that's the nature of crypto world. If you look back, this is the normal behavior and this shouldn't be shocking.

jonald_fyookball

legendary

Activity: 1302

Merit: 1008

Core dev leaves me neg feedback #abuse #political

Quote from: Beliathon on December 19, 2014, 12:18:20 AM

Impossible to buy it all. Most (nearly all) of the btc I control is not available for trade in fiat, and won't be until 2021+, if ever.

I recommend holding past 2024, we'll have 3 more block subsidy halvings by then

crazy-pilot

sr. member

Activity: 860

Merit: 253

SmartFi - EARN, LEND & TRADE

Keep buying, i'm already steadily buying in small amounts.

Braedo

member

Activity: 70

Merit: 10

BtcMarkets - Australian Bitcoin Trading Platform

Continue to buy! I only put in what I can afford to lose anyway.

Fernandez

legendary

Activity: 1008

Merit: 1000

I am waiting to buy more. I have been buying whenever it goes close to $300, but this time it looks like it will go lower.
$250 would be a good Christmas present

calci

full member

Activity: 168

Merit: 100

www.secondstrade.com - 190% return Binary option

Quote from: thms on December 18, 2014, 11:38:43 PM

...save the little left that you invested?

Or are you going to buy more?

I dont own a heck lot of bitcoin, so I am going to keep my faith.
I also think, threads like these demotivate people to buy into bitcoin at the 300 level.

romerun

legendary

Activity: 1078

Merit: 1002

Bitcoin is new, makes sense to hodl.

not a lot on downside, sky is the limit on the upside

caga

full member

Activity: 238

Merit: 100

www.secondstrade.com - 190% return Binary option

Quote from: wickedgoodtrader on December 19, 2014, 12:16:21 AM

BTC has to fall a lot further for it to stop falling if that makes any sense. I've been saying this for a long time now. the numbers are pretty easy to calculate.

3600/coins a day mined at current prices = $1.1 mil. which equates to $33/mil/month. That much money needs to flow into BTC JUST TO BREAK EVEN. Miners and electricity are fawking expensive and they dump the coins to pay the bills.

The reward half will help but that's in 80 weeks! And even then 1600 coins will still be coming out for 4 years. So at current prices that would mean Still another $15/mil a month. This is to just cover the new coins. If anybody spends other coins then more money needs to come in to cover those.

It's really not that hard to see why BTC will be on a downtrend for a long time.

ACtually I heard that all the way from 600 to 300. Its almost impossible to know where it could fall to.
But anything below 300 is kind of a +EV move to invest.

Beliathon

hero member

Activity: 784

Merit: 1000

https://youtu.be/PZm8TTLR2NU

Quote from: knight22 on December 19, 2014, 12:21:43 AM

You need to repress your fear/greed feelings and act with logic. Buy low / sell high.

Any and all valuations of btc in trade for fiat scrip are hideously low by definition.

The people of the future will look back on the selling of btc for fiat currency the way we might would look upon trading a $100 bill for a couple of rare seashells.

Note: Seashells were once used as currency.

knight22

legendary

Activity: 1372

Merit: 1000

--------------->¿?

As long as the protocol is up and running I'm too buying more when the price drops.

You buy when it drops, not the other way. You need to repress your fear/greed feelings and act with logic. Buy low / sell high.

Beliathon

hero member

Activity: 784

Merit: 1000

https://youtu.be/PZm8TTLR2NU

Quote from: kokojie on December 19, 2014, 12:03:32 AM

Quote from: DannyHamilton on December 18, 2014, 11:41:05 PM

Quote from: thms on December 18, 2014, 11:38:43 PM

...save the little left that you invested?

Or are you going to buy more?

The more it goes down, the more I buy.

If it goes to $100, I'll buy even more.

If it goes to $10, I'll buy even more.

If it goes to $1, I'll buy even more.

I suppose I could watch all my value evaporate and the whole experiment could fail and disappear, but I'll ride it all the way down to the end.

If it ever gets to the point where I can buy 1,000 BTC per $1, I'll just buy up all the available bitcoins and own it all!

That sounded kinda crazy, if you buy it all, then it would have no value, since no one else would be using it.

Impossible to buy it all. Most (nearly all) of the btc I control is not available for trade in fiat, and won't be until 2021+, if ever.

wickedgoodtrader

full member

Activity: 220

Merit: 100

BTC has to fall a lot further for it to stop falling if that makes any sense. I've been saying this for a long time now. the numbers are pretty easy to calculate.

3600/coins a day mined at current prices = $1.1 mil. which equates to $33/mil/month. That much money needs to flow into BTC JUST TO BREAK EVEN. Miners and electricity are fawking expensive and they dump the coins to pay the bills.

The reward half will help but that's in 80 weeks! And even then 1600 coins will still be coming out for 4 years. So at current prices that would mean Still another $15/mil a month. This is to just cover the new coins. If anybody spends other coins then more money needs to come in to cover those.

It's really not that hard to see why BTC will be on a downtrend for a long time.

kokojie

legendary

Activity: 1806

Merit: 1003

Quote from: DannyHamilton on December 18, 2014, 11:41:05 PM

Quote from: thms on December 18, 2014, 11:38:43 PM

...save the little left that you invested?

Or are you going to buy more?

The more it goes down, the more I buy.

If it goes to $100, I'll buy even more.

If it goes to $10, I'll buy even more.

If it goes to $1, I'll buy even more.

I suppose I could watch all my value evaporate and the whole experiment could fail and disappear, but I'll ride it all the way down to the end.

If it ever gets to the point where I can buy 1,000 BTC per $1, I'll just buy up all the available bitcoins and own it all!

That sounded kinda crazy, if you buy it all, then it would have no value, since no one else would be using it.

Topic: If it goes to $275, are you going to keep faith or just give up save the little. - page 9. (Read 10310 times)