Topic: It'll be insanity not to buy bitcoin at sub $500 - page 3. (Read 5297 times)
If your claim is true, 99.9999 % of humans are insane, apparently. And that includes most users on these forums as well.
Let's hope the vale won't go under $400 or the insanity would be to have bought now.
Buying now is a smart thing to do, bitcoin actually is undervalued and in few months we will see a new big rise.
Production costs are irrelevant. http://mises.org/daily/1680 Value is subjective, it's customers who determine the price of goods. Costs depend on how much customers are willing to pay. So if right now it isn't profitable for some people to mine, they will just stop.
There's more selling than buying going on.
Not possible. Every seller has a buyer.
Or maybe the seller just has somebody who is closing a short to record some initial profit. There's that, too.
There's more selling than buying going on.
Not possible. Every seller has a buyer.
Actual production cost of one single bicoin is aroundt $530-$550. Any price below $500 is a steal. Buy now or regret years later. With difficulty ever increasing miners are getting screwed now cause anyone mining now is running at a loss.
Evidence Please? This might be true of people who have to buy overly expensive miners - this is not true for those who have desigened and built their own chips.
Actual production cost of one single bicoin is aroundt $530-$550. Any price below $500 is a steal. Buy now or regret years later. With difficulty ever increasing miners are getting screwed now cause anyone mining now is running at a loss.
It seems like the market doesn't agree with you. BTC has been way below 500 for several days now. There's more selling than buying going on. We'll be in the three hundreds a month from now.
and $200 $100
Actual production cost of one single bicoin is aroundt $530-$550. Any price below $500 is a steal. Buy now or regret years later. With difficulty ever increasing miners are getting screwed now cause anyone mining now is running at a loss.
It seems like the market doesn't agree with you. BTC has been way below 500 for several days now. There's more selling than buying going on. We'll be in the three hundreds a month from now.
it's not about you, sell or not your choice but bitcoin is going to nowhere but down until the final capitulation, sell now or lose everything
Actual production cost of one single bicoin is aroundt $530-$550. Any price below $500 is a steal. Buy now or regret years later. With difficulty ever increasing miners are getting screwed now cause anyone mining now is running at a loss.
It could very well be. If you're not invested now and just getting into Bitcoin, it may be a great price to get your first couple of coins. If you are heavily invested, you should think about hedging a bit - never go full crypto. Investing when we've crossed the $700 mark will be a lot safer, since we'd be in a definite bull-market then!
I've already bought as many sub $500 coins as I can so I'm ready for the next jump.
Strong conviction, but also dangerous position you are taking.
Actual production cost of one single bicoin is aroundt $530-$550.
In 2011 bitcoins cost more to produce than you could sell them for.
http://www.theguardian.com/technology/2011/oct/18/bitcoin-value-crash-cryptocurrency
but back then no one was mining bitcoins with special hardware...you had the mining program "running on the side"...that's also the reason why there are so many lost bitcoins....a lot of people tried it out and deleted it because it was not worth it (me included in 2010 or so)
I've already bought as many sub $500 coins as I can so I'm ready for the next jump.
Actual production cost of one single bicoin is aroundt $530-$550.
In 2011 bitcoins cost more to produce than you could sell them for.
http://www.theguardian.com/technology/2011/oct/18/bitcoin-value-crash-cryptocurrency
Seems some respected analysts here are calling for a revisit to the mid-300s.
Respected by whom?
You may disagree, but I'd say that masterluc and RyNinDaCleM both command some respect on this forum. Most analysts here are pretty half-assed, but not them.
Seems some respected analysts here are calling for a revisit to the mid-300s.
Respected by whom?
$500 is cheap if it reaches $700 by the end of the year, $500 is expensive if it drops below $400. It just depends on your own view on bitcoin prices. I personally think $500 is cheap, but it is because I bought some at $600.
400 have been seen to be a very strong resistant point, so i doubt it will fall below that.
Well, we did see the $340 level on the last major spike down. So I would not say that sub-$400 is off the table. Seems some respected analysts here are calling for a revisit to the mid-300s.
$500 is cheap if it reaches $700 by the end of the year, $500 is expensive if it drops below $400. It just depends on your own view on bitcoin prices. I personally think $500 is cheap, but it is because I bought some at $600.
400 have been seen to be a very strong resistant point, so i doubt it will fall below that.
$500 is cheap if it reaches $700 by the end of the year, $500 is expensive if it drops below $400. It just depends on your own view on bitcoin prices. I personally think $500 is cheap, but it is because I bought some at $600.
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