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Topic: Maybe falllling is right? (Read 8094 times)

legendary
Activity: 1652
Merit: 1265
August 30, 2014, 07:37:08 AM
Fallling is right, I should have listened to him and sell when high Sad

Sell when high hahahahaha.....

Buy low, sell high is the most useless advice since you never know when it's low or high.
In 3 months you will probably be bashing your head in why you didn't buy $500 coins when the price goes to $1k.
If that happens remember this "Buy when low" ....  Tongue
member
Activity: 112
Merit: 10
August 30, 2014, 05:44:58 AM
Fallling is right, I should have listened to him and sell when high Sad

sorry for your loss Sad
damnedest bulls scammers!
hero member
Activity: 526
Merit: 500
August 30, 2014, 02:11:23 AM
Fallling is right, I should have listened to him and sell when high Sad
sr. member
Activity: 336
Merit: 250
August 29, 2014, 12:35:59 PM
So are you saying they're cooking the books? Or they just live in a different dimension than you? If its impossible, why is it happening?
full member
Activity: 166
Merit: 100
August 29, 2014, 09:50:58 AM

the production cost doesn't decide bitcoin's price, supply and demand back up it's price
so if less buyer than seller, bitcoin drops lower than the production cost until miners decide to cut loose and stop mining (the end)


Is production cost really an issue? It hasn't been an issue since GPU-mining.

With ASIC mining, it's not that it's inefficient at mining bitcoins. It's that the initial cost is huge, and the difficulty causes the profitability to decline -- unless you buy more ASICs to stay ahead/with the game. But then you're down some more money again...

Vicious cycle; though I do personally know of two people who actively mine. One claims 20,000$ yearly profit, but you won't get near this if you start today without a lump sum to start with.

How much money would you need to buy enough equipment to pay out 20,000$ yearly profit?

No amount of money can generate you 20k profit as even the most efficient antminer S3 gives negative yield.
member
Activity: 76
Merit: 10
August 29, 2014, 09:47:42 AM

the production cost doesn't decide bitcoin's price, supply and demand back up it's price
so if less buyer than seller, bitcoin drops lower than the production cost until miners decide to cut loose and stop mining (the end)


Is production cost really an issue? It hasn't been an issue since GPU-mining.

With ASIC mining, it's not that it's inefficient at mining bitcoins. It's that the initial cost is huge, and the difficulty causes the profitability to decline -- unless you buy more ASICs to stay ahead/with the game. But then you're down some more money again...

Vicious cycle; though I do personally know of two people who actively mine. One claims 20,000$ yearly profit, but you won't get near this if you start today without a lump sum to start with.

How much money would you need to buy enough equipment to pay out 20,000$ yearly profit?
full member
Activity: 152
Merit: 100
August 29, 2014, 08:06:51 AM

the production cost doesn't decide bitcoin's price, supply and demand back up it's price
so if less buyer than seller, bitcoin drops lower than the production cost until miners decide to cut loose and stop mining (the end)


Is production cost really an issue? It hasn't been an issue since GPU-mining.

With ASIC mining, it's not that it's inefficient at mining bitcoins. It's that the initial cost is huge, and the difficulty causes the profitability to decline -- unless you buy more ASICs to stay ahead/with the game. But then you're down some more money again...

Vicious cycle; though I do personally know of two people who actively mine. One claims 20,000$ yearly profit, but you won't get near this if you start today without a lump sum to start with.
member
Activity: 112
Merit: 10
August 29, 2014, 08:00:01 AM
They just try to make price go down so they can buy at lower price.

go ahead be my guest to buy, bitcoin is breaking into $4xx soon,

why don't you buy "cheaper coins" now? because they are going to be much more cheaper Cheesy

So you want to buy them cheaper because you know we will see ATH next year.

there is no "cheap coins" if bitcoin keep dropping down everyday

The term "cheap" should be compare to production cost.

The production cost for an average miner is higher than 600 per coin, and slightly lower for the ASIC manufacture.

Unless bitcoin go away, the coin price has to go up at least above the production cost.


the production cost doesn't decide bitcoin's price, supply and demand back up it's price
so if less buyer than seller, bitcoin drops lower than the production cost until miners decide to cut loose and stop mining (the end)
full member
Activity: 185
Merit: 100
August 29, 2014, 06:55:24 AM
They just try to make price go down so they can buy at lower price.

go ahead be my guest to buy, bitcoin is breaking into $4xx soon,

why don't you buy "cheaper coins" now? because they are going to be much more cheaper Cheesy

So you want to buy them cheaper because you know we will see ATH next year.

there is no "cheap coins" if bitcoin keep dropping down everyday

The term "cheap" should be compare to production cost.

The production cost for an average miner is higher than 600 per coin, and slightly lower for the ASIC manufacture.

Unless bitcoin go away, the coin price has to go up at least above the production cost.


member
Activity: 112
Merit: 10
August 29, 2014, 06:34:21 AM
They just try to make price go down so they can buy at lower price.

go ahead be my guest to buy, bitcoin is breaking into $4xx soon,

why don't you buy "cheaper coins" now? because they are going to be much more cheaper Cheesy

So you want to buy them cheaper because you know we will see ATH next year.

there is no "cheap coins" if bitcoin keep dropping down everyday
member
Activity: 84
Merit: 10
August 29, 2014, 06:28:37 AM
They just try to make price go down so they can buy at lower price.

go ahead be my guest to buy, bitcoin is breaking into $4xx soon,

why don't you buy "cheaper coins" now? because they are going to be much more cheaper Cheesy

So you want to buy them cheaper because you know we will see ATH next year.
member
Activity: 112
Merit: 10
August 29, 2014, 03:16:32 AM
They just try to make price go down so they can buy at lower price.

go ahead be my guest to buy, bitcoin is breaking into $4xx soon,

why don't you buy "cheaper coins" now? because they are going to be much more cheaper Cheesy
full member
Activity: 190
Merit: 100
August 29, 2014, 02:18:48 AM
They just try to make price go down so they can buy at lower price.
legendary
Activity: 1512
Merit: 1000
August 29, 2014, 12:43:51 AM
buy wall is weaker now! time to dump 1.5k coins and go back to $4xx

Why are you scamming people again?  Cry
member
Activity: 112
Merit: 10
August 29, 2014, 12:32:31 AM
buy wall is weaker now! time to dump 1.5k coins and go back to $4xx
legendary
Activity: 1512
Merit: 1000
August 29, 2014, 12:25:31 AM
glad to see more and more people understand better the market and the downtrend of bitcoin

bull scammers start losing their fool power

Too bad the only accounts that agree with you are owned/run by you too!  You should probably get your head checked.  Might help you be less of a scammer.
member
Activity: 112
Merit: 10
August 28, 2014, 11:14:40 PM
glad to see more and more people understand better the market and the downtrend of bitcoin

bull scammers start losing their fool power
full member
Activity: 151
Merit: 100
August 28, 2014, 02:06:17 PM
he is right only for the short terms, but bitcoin is a long term thing, so he is actually wrong

Trader is only in for the short term. As for investor, most people here expecting to get rich in 1-2 years.

Wish it is that easy.
legendary
Activity: 2590
Merit: 1022
Leading Crypto Sports Betting & Casino Platform
August 28, 2014, 01:28:12 PM
he is right only for the short terms, but bitcoin is a long term thing, so he is actually wrong
full member
Activity: 166
Merit: 100
August 28, 2014, 01:09:41 PM
No, falllllling isn't right! I know you guys are disappointed, but I will do my best to make it up to you!!!  Undecided Embarrassed

He is right for the WRONG reasons.

Anyway, unless he is shorting big time, he will not benefit from it.

The market only care right and wrong and don't care about "reason".

Same thing with our society, you are either on top of the society or you are not. Nobody care the reason.
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