Let's Be Honest. We Are Waiting for $100/BTC to buy - page 113.

randy8777

legendary

Activity: 896

Merit: 1000

Quote from: Enjorlas on March 24, 2015, 08:23:27 PM

Quote from: randy8777 on March 24, 2015, 08:13:19 PM

waiting for $100 is like wasting your time. i doubt it will even go below $200
current price makes me buying a certain amount of btc per month.

Let me guess, you were telling people to buy all the way down from $1000? Please, don't waste these people's good time with your baseless 'gut instincts'.

Next..

there is a difference in buying at $1000 and below $300 and fyi i don't tell people what to do as they don't care anyway.
it's just an opinion. but you're not capable of seeing that, it shows.

BusyBeaverHP

full member

Activity: 209

Merit: 100

Quote from: H.W.Z on March 24, 2015, 10:50:03 PM

Quote from: BusyBeaverHP on March 24, 2015, 09:10:08 PM

If everyone is waiting for $100/BTC to buy, some of us will front-run the crash and hence BTC will only touch $125 at best.

On the other hand, I'd be more than happy to be wrong about this, because I'm waiting for $100/BTC too Grin

When the price comes to $100/BTC, I think some ppl are panic and will be afraid the price will go down further. They will say they are waiting for $50/BTC.

Those people are going to be waiting forever, because approaching $100/BTC, there will simply be not enough liquid coins in the market to match the demand of buyers at that rate.

Barring apocalyptic events like Satoshi dumping his coins, or BitFinex going under, or fundamentals like SHA2 broken, my prediction is that $100/BTC will only be touched for a few seconds during a flash crash in the absence of truly horrendous news.

This is a really dangerous time to speculate, as the market is putting to the question the long margins (which has always exceeded the shorts), but at the same time, the Bitlicense's comment period is nearing close and we could see Gemini and/or the ETF nuking the shorts from orbit.

What will happen next? Stay tuned... on the next episode of Bitcoin-Z.

tabnloz

legendary

Activity: 961

Merit: 1000

Quote from: Enjorlas on March 24, 2015, 08:23:27 PM

Quote from: randy8777 on March 24, 2015, 08:13:19 PM

waiting for $100 is like wasting your time. i doubt it will even go below $200
current price makes me buying a certain amount of btc per month.

Let me guess, you were telling people to buy all the way down from $1000? Please, don't waste these people's good time with your baseless 'gut instincts'.

Next..

Generally 'gut instincts' are baseless, that's why they're 'gut instincts'.

johnyj

legendary

Activity: 1988

Merit: 1012

Beyond Imagination

To be honest, there is such kind of possibility, due to now many speculative mining farm will blow up

Before, in GPU mining era, coins are distributed among millions of miners around the world, and most of them hold mined coin as a hobby or investment, so the market supply is very low and stable

But now, coins are concentrated on a group of industrial mining farms who want to make profit by mining bitcoin. These people are not the same as GPU bitcoin miners, their only target is to make fiat money profit, and bare a huge cost. They must sell coins constantly to deal with the cost, which makes the market supply higher than before. Finally, when it is no longer profitable, they will dump their operation at large scale and cause the hashrate to drop, this has not happened yet but might be on the way

Only when mining return to the hands of bitcoiners, the sell pressure on market would drop. And mining will be consolidated and move forward. Another way is a very mature cloud mining business model, which is not available yet

calme

sr. member

Activity: 392

Merit: 250

countless people got rich from and then poor from the dotcom bubble semi-recently. look at prices now compared to the peak of the tech bubble. and how could any given btc price make it too expensive to be able to afford? maybe you could still afford some mBTC?

darkangel11

legendary

Activity: 2478

Merit: 1360

Don't let others control your BTC -> self custody

Quote from: sgk on March 25, 2015, 12:30:01 AM

Quote from: darkangel11 on March 25, 2015, 12:23:50 AM

I own some BTC and I'm not planning to buy more at any price. If it goes to $100 I won't invest more in a dying project. If it goes to $1000 I also won't buy more because I won't be able to afford it.

$100 will not mean Bitcoin is dying. If price decline is a measure of dying, then Bitcoin has died several times. And then rose again like Phoenix.

See how many times Bitcoin has 'died':
http://bitcoinobituaries.com/

We are not talking about a simple price decline but a 90% decrease of value of a developing product. Ever heard of such thing happening to a technology that is supposed to be a breakthrough? If this happens it means all the money that came into the coin in the last 2 years is now out, it's really that simple.

sgk

legendary

Activity: 1470

Merit: 1002

!! HODL !!

Quote from: darkangel11 on March 25, 2015, 12:23:50 AM

I own some BTC and I'm not planning to buy more at any price. If it goes to $100 I won't invest more in a dying project. If it goes to $1000 I also won't buy more because I won't be able to afford it.

$100 will not mean Bitcoin is dying. If price decline is a measure of dying, then Bitcoin has died several times. And then rose again like Phoenix.

See how many times Bitcoin has 'died':
http://bitcoinobituaries.com/

darkangel11

legendary

Activity: 2478

Merit: 1360

Don't let others control your BTC -> self custody

I own some BTC and I'm not planning to buy more at any price. If it goes to $100 I won't invest more in a dying project. If it goes to $1000 I also won't buy more because I won't be able to afford it.

sgk

legendary

Activity: 1470

Merit: 1002

!! HODL !!

Quote from: Enjorlas on March 24, 2015, 07:44:38 PM

Let's cut the crap. Most of us are just waiting for Bitcoin to finally hit $100 to buy a huge quantity. Am I right or talking out my ass?

There is no guarantee it will go down to $100.
I am waiting for $200 to buy some. If it goes to $100, I will buy even more. I will keep buying low until I reach my minimum goal amount of BTC.

Once I collect my target amount, I'll just HODL and keep trading smaller amounts for profit.

TheButterZone

legendary

Activity: 3038

Merit: 1032

RIP Mommy

I'm waiting for $1/BTC. http://bitcoin-otc.com/vieworder.php?id=22082

chennan

legendary

Activity: 1316

Merit: 1004

Quote from: H.W.Z on March 24, 2015, 10:50:03 PM

Quote from: BusyBeaverHP on March 24, 2015, 09:10:08 PM

If everyone is waiting for $100/BTC to buy, some of us will front-run the crash and hence BTC will only touch $125 at best.

On the other hand, I'd be more than happy to be wrong about this, because I'm waiting for $100/BTC too Grin

When the price comes to $100/BTC, I think some ppl are panic and will be afraid the price will go down further. They will say they are waiting for $50/BTC.

It seems there are already some ppl who are waiting for the price.
https://bitcointalk.org/index.php?topic=965252.0;topicseen

H.W.Z

hero member

Activity: 574

Merit: 500

Quote from: BusyBeaverHP on March 24, 2015, 09:10:08 PM

If everyone is waiting for $100/BTC to buy, some of us will front-run the crash and hence BTC will only touch $125 at best.

On the other hand, I'd be more than happy to be wrong about this, because I'm waiting for $100/BTC too Grin

When the price comes to $100/BTC, I think some ppl are panic and will be afraid the price will go down further. They will say they are waiting for $50/BTC.

Bit_Happy

legendary

Activity: 2114

Merit: 1040

A Great Time to Start Something!

Quote from: Enjorlas on March 24, 2015, 07:44:38 PM

Let's cut the crap. Most of us are just waiting for Bitcoin to finally hit $100 to buy a huge quantity. Am I right or talking out my ass?

Many people with deep pockets would love to see $100/BTC, but the smart move is to already own a good number, since the bear market could be over..

clubsofsteel

full member

Activity: 154

Merit: 100

haha do you guys think its really going to never be this low again? i would love to believe this but im ust not sure one way or the other, it seems enough people use btc nowadays so it shouldnt be possible for it to become worthless any time soon right?

BusyBeaverHP

full member

Activity: 209

Merit: 100

If everyone is waiting for $100/BTC to buy, some of us will front-run the crash and hence BTC will only touch $125 at best.

On the other hand, I'd be more than happy to be wrong about this, because I'm waiting for $100/BTC too Grin

Enjorlas

hero member

Activity: 788

Merit: 1000

Quote from: randy8777 on March 24, 2015, 08:13:19 PM

waiting for $100 is like wasting your time. i doubt it will even go below $200
current price makes me buying a certain amount of btc per month.

Let me guess, you were telling people to buy all the way down from $1000? Please, don't waste these people's good time with your baseless 'gut instincts'.

Next..

JaredStein

sr. member

Activity: 379

Merit: 251

Yeah like other have said I don't think it will get down to that level but if it does I do now know if it will be able to rebound.

anshar

sr. member

Activity: 350

Merit: 250

If Bitcoin hit $100, I'd sell this account and quit Bitcoin completely. Mainly because I bought in at $600 like an idiot and I'd be an hero.

asuryan180

hero member

Activity: 868

Merit: 1000

Quote from: randy8777 on March 24, 2015, 08:13:19 PM

waiting for $100 is like wasting your time. i doubt it will even go below $200
current price makes me buying a certain amount of btc per month.

Your not the only one i have been buying what i can afford it bitcoin each month for awhile now, while it is at these levels i am as happy as i would be at the $500, once it goes the days of getting in this cheap are gone just hope we have enough stocked.

No op i am not waiting for $100 but if it comes i will risk it and break number one rule investing more than i can afford to lose just this once and hopefully that pays off Cheesy

randy8777

legendary

Activity: 896

Merit: 1000

waiting for $100 is like wasting your time. i doubt it will even go below $200
current price makes me buying a certain amount of btc per month.

Topic: Let's Be Honest. We Are Waiting for $100/BTC to buy - page 113. (Read 199024 times)