Let's Be Honest. We Are Waiting for $100/BTC to buy - page 81.

gkv9

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Quote from: HarizDB on December 31, 2015, 03:34:13 PM

If Bitcoins fell below USD 100, the 'trust' on Bitcoins will fall, which will make it hard to retain the interest in the coin - and this would lead to an even weaker rate of exchange.

No, that's not right...
Bitcoin fell from $1.2k to $120 and came back to $200 and stayed above $250 stable for many months, did everyone left Bitcoins at that time???
No, then why do you think price will affect the reputation of Bitcoins???

takingthis4

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to be honest i dont really care about the price as i dont have money to buy bitcoin for though its always more nice to see it higher

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Quote from: expert4knowledge on January 01, 2016, 07:14:20 AM

Quote from: HarizDB on December 31, 2015, 03:34:13 PM

If Bitcoins fell below USD 100, the 'trust' on Bitcoins will fall, which will make it hard to retain the interest in the coin - and this would lead to an even weaker rate of exchange.

Even now, many of people and also shops are afraid of using bitcoin because of its fluctuations so 100$ is not what we expect.

If certain people are afraid of Bitcoin going down by a lot, that's one thing. But shops don't look scared at the Bitcoin price since they use a service as BitPay to convert all their Bitcoin sales directly into fiat. Merchants don't worry about the price.

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Quote from: HarizDB on December 31, 2015, 03:34:13 PM

If Bitcoins fell below USD 100, the 'trust' on Bitcoins will fall, which will make it hard to retain the interest in the coin - and this would lead to an even weaker rate of exchange.

Even now, many of people and also shops are afraid of using bitcoin because of its fluctuations so 100$ is not what we expect.

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Quote from: Alaki on January 01, 2016, 03:11:19 AM

Quote from: Enjorlas on March 24, 2015, 08:44:38 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?

Duh, lets be more honest. I am waiting for bitcoin to hit 10$ to buy it in bulk.

Bitcoins price is stable at the $400 mark this past weeks i think the lowest price i can expect for is at $200 because in some months
halving will be coming. Waiting for btc to hit the $10 mark is impossible unless a lot of people with many bitcoins are dumping all day.

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Quote from: erwin45hacked on January 01, 2016, 02:02:56 AM

Quote from: Amph on December 31, 2015, 03:25:54 PM

Quote from: erwin45hacked on December 31, 2015, 02:29:01 PM

Quote from: Amph on December 31, 2015, 03:48:22 AM

so two things will happen, we go down and the network will die or we go up and we get a great value

It could be a third options that the price will be more stable in the future. There has been alot roller coaster for gold as well at its early days but look at gold now, it is stable and people tend to save their money in form of gold and bitcoin could be the next gold in few more years

it can not remain in the same value forever, because of how satoshi built it, with the halving and everything

the price must go up to sustain the network, or bitcoin will simply die

You are not getting what I mean, the value could be stable but the price will rise of course. You need to know the different between value and price first before you put a post using value / price there. Obviously we know that halving might have some significant effect for the price soon

how it can be stable, if it need to increase or decrease because of hwo bitcoin is made? no sense to me

value is simply the price of the future

Alaki

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Quote from: Enjorlas on March 24, 2015, 08:44:38 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?

Duh, lets be more honest. I am waiting for bitcoin to hit 10$ to buy it in bulk.

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Quote from: Amph on December 31, 2015, 03:25:54 PM

Quote from: erwin45hacked on December 31, 2015, 02:29:01 PM

Quote from: Amph on December 31, 2015, 03:48:22 AM

so two things will happen, we go down and the network will die or we go up and we get a great value

It could be a third options that the price will be more stable in the future. There has been alot roller coaster for gold as well at its early days but look at gold now, it is stable and people tend to save their money in form of gold and bitcoin could be the next gold in few more years

it can not remain in the same value forever, because of how satoshi built it, with the halving and everything

the price must go up to sustain the network, or bitcoin will simply die

You are not getting what I mean, the value could be stable but the price will rise of course. You need to know the different between value and price first before you put a post using value / price there. Obviously we know that halving might have some significant effect for the price soon

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Quote from: HarizDB on December 31, 2015, 03:34:13 PM

If Bitcoins fell below USD 100, the 'trust' on Bitcoins will fall, which will make it hard to retain the interest in the coin - and this would lead to an even weaker rate of exchange.

Absolutely, this causing the lack of user interested of bitcoin. Then it could be making bitcoin become worthless

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Quote from: Frodomaga on December 25, 2015, 01:39:10 PM

If the bitcoin price reduces to $100, it means it is on death spiral, so there is no need to buy it at all at that price point.

Agreed, and bitcoin will be hard to bounce back to rise again. I hope this could be never happen

HarizDB

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If Bitcoins fell below USD 100, the 'trust' on Bitcoins will fall, which will make it hard to retain the interest in the coin - and this would lead to an even weaker rate of exchange.

Amph

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Quote from: erwin45hacked on December 31, 2015, 02:29:01 PM

Quote from: Amph on December 31, 2015, 03:48:22 AM

so two things will happen, we go down and the network will die or we go up and we get a great value

It could be a third options that the price will be more stable in the future. There has been alot roller coaster for gold as well at its early days but look at gold now, it is stable and people tend to save their money in form of gold and bitcoin could be the next gold in few more years

it can not remain in the same value forever, because of how satoshi built it, with the halving and everything

the price must go up to sustain the network, or bitcoin will simply die

erwin45hacked

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Quote from: Amph on December 31, 2015, 03:48:22 AM

so two things will happen, we go down and the network will die or we go up and we get a great value

It could be a third options that the price will be more stable in the future. There has been alot roller coaster for gold as well at its early days but look at gold now, it is stable and people tend to save their money in form of gold and bitcoin could be the next gold in few more years

CryptyMike

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Quote from: calkob on December 31, 2015, 11:22:39 AM

Quote from: Enjorlas on March 24, 2015, 08:44:38 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 way bitcoin will ever see $100 again, i doubt $200 is even achivable. i would say it will be all up from here unless something drastic happens like a flaw is found that puts security at risk. lets face it if that hasnt happened by now then i doubt its going to. Bitcoin is a massive target now and someone would have worked out a way to damage it if they could.

I disagree, never think that it is all up from here. Nothing that drastic has to happen to drop back to the $200's. $100 is a bit more drastic, but remember... 200 is double 100...and the price doubled from 200 to 400 in a matter of 2 weeks. It can go down even faster.

cointtoo

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I think waiting for $100 is kind of time wasting as it seems BTC isn't headed near that direction and more on the raising side.

calkob

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Quote from: Enjorlas on March 24, 2015, 08:44:38 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 way bitcoin will ever see $100 again, i doubt $200 is even achivable. i would say it will be all up from here unless something drastic happens like a flaw is found that puts security at risk. lets face it if that hasnt happened by now then i doubt its going to. Bitcoin is a massive target now and someone would have worked out a way to damage it if they could.

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Quote from: expert4knowledge on December 31, 2015, 09:09:25 AM

Quote from: CryptyMike on December 31, 2015, 12:05:28 AM

It is worth waiting for a "realistic" low. $100 may be realistic, but in my opinion, by this time in the Bitcoin world, majority of people have bought in with an average price higher than $100 that unless a bunch of whales dump to kill the price, will we not see $100.

Also note, that it is not wise for whales to dump to $100, because as long as they dump slowly, they can exit at a price of $400 vs $100...

I would say that if we dip back to $250 that is certainly a nice price to hop in at.

I agree and think that 100$ is a low price for bitcoin and it is a danger for it and can ruin the view of public about future of bitcoin, maybe 250$ is fine but the more important thing is stagnancy of prices.

Yeah and I don't think that bitcoin will fall to that level in the coming period of time, and if it does then people would surely start loosing their faith from bitcoins and that can be dangerous for the bitcoins to exist and regaining trust from people would take a long time.

expert4knowledge

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Quote from: CryptyMike on December 31, 2015, 12:05:28 AM

It is worth waiting for a "realistic" low. $100 may be realistic, but in my opinion, by this time in the Bitcoin world, majority of people have bought in with an average price higher than $100 that unless a bunch of whales dump to kill the price, will we not see $100.

Also note, that it is not wise for whales to dump to $100, because as long as they dump slowly, they can exit at a price of $400 vs $100...

I would say that if we dip back to $250 that is certainly a nice price to hop in at.

I agree and think that 100$ is a low price for bitcoin and it is a danger for it and can ruin the view of public about future of bitcoin, maybe 250$ is fine but the more important thing is stagnancy of prices.

copperhorse111

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I doubt anyone is expecting $100 anytime soon, It's currently more of $500 rather than $100

Amph

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Quote from: CryptyMike on December 31, 2015, 12:05:28 AM

It is worth waiting for a "realistic" low. $100 may be realistic, but in my opinion, by this time in the Bitcoin world, majority of people have bought in with an average price higher than $100 that unless a bunch of whales dump to kill the price, will we not see $100.

Also note, that it is not wise for whales to dump to $100, because as long as they dump slowly, they can exit at a price of $400 vs $100...

I would say that if we dip back to $250 that is certainly a nice price to hop in at.

bears in mind that bitcoin can not remain in the same range forever, there is not, for example, 230-300 range forever as a value, simply because of the halving

so two things will happen, we go down and the network will die or we go up and we get a great value

Topic: Let's Be Honest. We Are Waiting for $100/BTC to buy - page 81. (Read 199005 times)