Is it the end of BTC??? - page 2. | Bitcointalksearch.org

nexus99

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Quote from: deisik on December 07, 2013, 01:41:31 AM

Quote from: nexus99 on December 07, 2013, 01:22:51 AM

If I had 10,000 BTC I would cash out at 1200 per BTC. That's 12M. I can retire on that and not have to worry about BTC anymore... or really anything. And my kids wouldn't either...

I'd buy a fat annuity and just enjoy the rest of my life.

Just consider for a moment that Bitcoin proponents turn out right after all, and in the next few years your millions will be made worth next to nothing? Do you really think that big bosses don't know about your most cherished dream and the same dream of the crowd out there?

Do you mean that millions of USD might be worth almost nothing in the next few years? If so, then no, I don't believe that will happen.

Will the dollar devalue over time? Absolutely.

deisik

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Quote from: nexus99 on December 07, 2013, 01:22:51 AM

If I had 10,000 BTC I would cash out at 1200 per BTC. That's 12M. I can retire on that and not have to worry about BTC anymore... or really anything. And my kids wouldn't either...

I'd buy a fat annuity and just enjoy the rest of my life.

Just consider for a moment that Bitcoin proponents turn out right after all, and in the next few years your millions will be made worth next to nothing? Do you really think that big bosses don't know about your most cherished dream and the same dream of the crowd out there?

nexus99

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Quote from: pjviitas on December 07, 2013, 01:31:43 AM

Quote from: nexus99 on December 07, 2013, 01:22:51 AM

Quote from: deisik on December 07, 2013, 12:58:58 AM

Quote from: nexus99 on December 07, 2013, 12:49:22 AM

Quote from: PenAndPaper on December 07, 2013, 12:35:21 AM

You understand that price dropped from1250 to 650 right? I mean not being a bear is one thing and being ridiculous is another. Roll Eyes

Everyone knew this was coming. Price goes high. Someone that got in early decides they want to retire and they drop 30,000 BTC. Price crashes. Rinse and repeat. The market is too small to bear any amount of sell off.

Ironically, why would they want to drop their stash in the first place? If Bitcoin is the money of the future, it just doesn't make much sense to convert the coins (back) to dollars. So no believing there?

If I had 10,000 BTC I would cash out at 1200 per BTC. That's 12M. I can retire on that and not have to worry about BTC anymore... or really anything. And my kids wouldn't either...

I'd buy a fat annuity and just enjoy the rest of my life.

Hmmm...most likely end up in a flea ridden motel room somewhere in Mexico surrounded by booze bottles and a fat hooker.

To dream the impossible dream!

nexus99

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Lets do some sad math...

Assume that you need 10,000 BTC to cash out and retire. This could be anywhere from 6M to 12M... just assume that is enough.

I currently mine .1 BTC per day. That means that if there was never another difficulty increase (HA!) I would have to mine for 100,000 days or 273 years.

Or increase my output. .1 BTC is ~ 150 GH/S. Just say I bump up to 1 BTC/day. That's 1500 GH/S. or 1.5 TH/S. I'd only need to mine for 10,000 days or 27 years.

I am full expecting an order of magnitude increase in mining power at the beginning of the year. So my .1 becomes .01/day. Maybe by the end of February or early March. So I better be packing 1.5 TH/s just to keep up with the arms race at the beginning of next year. And I'm still 273 years away from BTC retirement.

Short answer... sell mining equipment.

pjviitas

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Quote from: nexus99 on December 07, 2013, 01:22:51 AM

Quote from: deisik on December 07, 2013, 12:58:58 AM

Quote from: nexus99 on December 07, 2013, 12:49:22 AM

Quote from: PenAndPaper on December 07, 2013, 12:35:21 AM

You understand that price dropped from1250 to 650 right? I mean not being a bear is one thing and being ridiculous is another. Roll Eyes

Everyone knew this was coming. Price goes high. Someone that got in early decides they want to retire and they drop 30,000 BTC. Price crashes. Rinse and repeat. The market is too small to bear any amount of sell off.

Ironically, why would they want to drop their stash in the first place? If Bitcoin is the money of the future, it just doesn't make much sense to convert the coins (back) to dollars. So no believing there?

If I had 10,000 BTC I would cash out at 1200 per BTC. That's 12M. I can retire on that and not have to worry about BTC anymore... or really anything. And my kids wouldn't either...

I'd buy a fat annuity and just enjoy the rest of my life.

Hmmm...most likely end up in a flea ridden motel room somewhere in Mexico surrounded by booze bottles and a fat hooker.

Anon136

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lol new guy. No its not the end. Most of us have seen this a half a dozen times now and we are all still here.

nexus99

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Quote from: deisik on December 07, 2013, 12:58:58 AM

Quote from: nexus99 on December 07, 2013, 12:49:22 AM

Quote from: PenAndPaper on December 07, 2013, 12:35:21 AM

You understand that price dropped from1250 to 650 right? I mean not being a bear is one thing and being ridiculous is another. Roll Eyes

Everyone knew this was coming. Price goes high. Someone that got in early decides they want to retire and they drop 30,000 BTC. Price crashes. Rinse and repeat. The market is too small to bear any amount of sell off.

Ironically, why would they want to drop their stash in the first place? If Bitcoin is the money of the future, it just doesn't make much sense to convert the coins (back) to dollars. So no believing there?

If I had 10,000 BTC I would cash out at 1200 per BTC. That's 12M. I can retire on that and not have to worry about BTC anymore... or really anything. And my kids wouldn't either...

I'd buy a fat annuity and just enjoy the rest of my life.

deisik

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Activity: 3514

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English ⬄ Russian Translation Services

Quote from: nexus99 on December 07, 2013, 12:49:22 AM

Quote from: PenAndPaper on December 07, 2013, 12:35:21 AM

You understand that price dropped from1250 to 650 right? I mean not being a bear is one thing and being ridiculous is another. Roll Eyes

Everyone knew this was coming. Price goes high. Someone that got in early decides they want to retire and they drop 30,000 BTC. Price crashes. Rinse and repeat. The market is too small to bear any amount of sell off.

Ironically, why would they want to drop their stash in the first place? If Bitcoin is the money of the future, it just doesn't make much sense to convert the coins (back) to dollars. So no believing there?

nexus99

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Activity: 910

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As a hint, this is when you either hold your BTC.. or buy BTC. But only buy if you think its back at the new bottom... wherever that might be.

nexus99

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Quote from: PenAndPaper on December 07, 2013, 12:35:21 AM

Quote from: pabloangello on December 06, 2013, 06:45:55 PM

Quote from: film2240 on December 06, 2013, 06:40:17 PM

I wondered what was up with Bitcoin lately as it seems to drop in value by a fair margin now but rising for a bit?Does this mean there's any sign of the 'bubble bursting' or is this a sign of something else going on?As I was shocked to see that 0.684BTC (that I have) dropped from around £500 the other day down to around £381 now.

I don't think it's the end,I just want to know what's going on with BTC lately.Some answers would be helpful :/

Chinese goverments news about bitcoin. Nothing so scarry but people are croakers and this is how it looks like ;p
We already had three significant corrections since month, it is still normal.

You understand that price dropped from1250 to 650 right? I mean not being a bear is one thing and being ridiculous is another. Roll Eyes

Everyone knew this was coming. Price goes high. Someone that got in early decides they want to retire and they drop 30,000 BTC. Price crashes. Rinse and repeat. The market is too small to bear any amount of sell off.

Bobbydiggital

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Yeah its a pretty insane drop but i think this may happend sometimes until more people get into BTC. just my 2 cents.

PenAndPaper

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Quote from: pabloangello on December 06, 2013, 06:45:55 PM

Quote from: film2240 on December 06, 2013, 06:40:17 PM

I wondered what was up with Bitcoin lately as it seems to drop in value by a fair margin now but rising for a bit?Does this mean there's any sign of the 'bubble bursting' or is this a sign of something else going on?As I was shocked to see that 0.684BTC (that I have) dropped from around £500 the other day down to around £381 now.

I don't think it's the end,I just want to know what's going on with BTC lately.Some answers would be helpful :/

Chinese goverments news about bitcoin. Nothing so scarry but people are croakers and this is how it looks like ;p
We already had three significant corrections since month, it is still normal.

You understand that price dropped from1250 to 650 right? I mean not being a bear is one thing and being ridiculous is another. Roll Eyes

niothor

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Activity: 826

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in defi we trust

Quote from: pabloangello on December 06, 2013, 07:00:48 PM

Quote from: niothor on December 06, 2013, 06:59:47 PM

Quote from: pabloangello on December 06, 2013, 06:57:21 PM

Quote from: beetcoin on December 06, 2013, 06:47:21 PM

the end is coming everybody. run to your solar powered bunkers in the hills and hide until the aftermath. hide your wife, hide your kids, cuz they raping erbody out hea.

If rapists will be female fitness clubs instructors then I'm in.

Haha, most probably you misunderstood me ;p

Well, at my size and weight , I find it funny that a female fitness instructor could rape me

))) Even if i'm allowing her to

pabloangello

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Quote from: niothor on December 06, 2013, 06:59:47 PM

Quote from: pabloangello on December 06, 2013, 06:57:21 PM

Quote from: beetcoin on December 06, 2013, 06:47:21 PM

the end is coming everybody. run to your solar powered bunkers in the hills and hide until the aftermath. hide your wife, hide your kids, cuz they raping erbody out hea.

If rapists will be female fitness clubs instructors then I'm in.

Haha, most probably you misunderstood me ;p

niothor

hero member

Activity: 826

Merit: 501

in defi we trust

Quote from: pabloangello on December 06, 2013, 06:57:21 PM

Quote from: beetcoin on December 06, 2013, 06:47:21 PM

the end is coming everybody. run to your solar powered bunkers in the hills and hide until the aftermath. hide your wife, hide your kids, cuz they raping erbody out hea.

If rapists will be female fitness clubs instructors then I'm in.

pabloangello

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Activity: 1344

Merit: 1001

Quote from: beetcoin on December 06, 2013, 06:47:21 PM

the end is coming everybody. run to your solar powered bunkers in the hills and hide until the aftermath. hide your wife, hide your kids, cuz they raping erbody out hea.

If rapists will be female fitness clubs instructors then I'm in.

beetcoin

sr. member

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the end is coming everybody. run to your solar powered bunkers in the hills and hide until the aftermath. hide your wife, hide your kids, cuz they raping erbody out hea.

pabloangello

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Quote from: film2240 on December 06, 2013, 06:40:17 PM

I wondered what was up with Bitcoin lately as it seems to drop in value by a fair margin now but rising for a bit?Does this mean there's any sign of the 'bubble bursting' or is this a sign of something else going on?As I was shocked to see that 0.684BTC (that I have) dropped from around £500 the other day down to around £381 now.

I don't think it's the end,I just want to know what's going on with BTC lately.Some answers would be helpful :/

Chinese goverments news about bitcoin. Nothing so scarry but people are croakers and this is how it looks like ;p
We already had three significant corrections since month, it is still normal.

film2240

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Activity: 1022

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Freelance videographer

I wondered what was up with Bitcoin lately as it seems to drop in value by a fair margin now but rising for a bit?Does this mean there's any sign of the 'bubble bursting' or is this a sign of something else going on?As I was shocked to see that 0.684BTC (that I have) dropped from around £500 the other day down to around £381 now.

I don't think it's the end,I just want to know what's going on with BTC lately.Some answers would be helpful :/

pabloangello

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Activity: 1344

Merit: 1001

Quote from: PenAndPaper on December 05, 2013, 06:03:23 PM

Quote from: PenAndPaper on December 05, 2013, 05:11:46 PM

Seriously? Your advise to hedge against price volatility is to invest on alt coins? And out of all the coins to invest on some of the most volatile ones?

Well i don't think that he 'll feel any better when he realizes that alt coins price is pegged with bitcoin. Even more when he realizes that if bitcoin collapse ever other alt coin will collapse seconds later.

Not entirely true couse there are other coins that you buy by fiats. Few by dollars on btc-e.com and lots for CNY on bter.com.

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