https://www.youtube.com/watch?v=UBzigaTSPZY
video on bitcoin over last 2 days
Topic: Oh it's far from over... (Read 3189 times)
Can't decide if I should put another 2000 USD in bitcoin now, or wait and see if it goes even lower 
Bitcoin could just as easily drop another $25, $50 or even $100. I would play careful. Only risk what you truly can afford to lose.
The estimate trading widget on BitcoinWisdom shows a single flash sale of 20,000 BTC would take the price sub $200.
20,000 BTC sell offs are not unheard of.
Can't decide if I should put another 2000 USD in bitcoin now, or wait and see if it goes even lower
Bitcoin could just as easily drop another $25, $50 or even $100. I would play careful. Only risk what you truly can afford to lose.
The estimate trading widget on BitcoinWisdom shows a single flash sale of 20,000 BTC would take the price sub $200.
20,000 BTC sell offs are not unheard of.
It's possible but it could easily go back to more than 300$ too.
Can't decide if I should put another 2000 USD in bitcoin now, or wait and see if it goes even lower
Bitcoin could just as easily drop another $25, $50 or even $100. I would play careful. Only risk what you truly can afford to lose.
The estimate trading widget on BitcoinWisdom shows a single flash sale of 20,000 BTC would take the price sub $200.
20,000 BTC sell offs are not unheard of.
I'm a great believer in decentralization in the long run, so many of the problems of today can be solved by not having trusted 3rd parties. All these solutions will have to be powered by a crypto currency, and bitcoin still seems to be the obvious choice. I'm looking an the fundamentals and I'm buying to hold for years to come. But thanks for the warning
I am not sure what is the gist of this thread.
Yeah, price is low when it was high before. You can come up with multiple reasons for it. It does not matter.
What does matter (at least for me)- the price of bitcoin in 5-20 years.
OP talks about mastercard, amex, points, etc. Everybody got tons of plastic, including myself.
GOOD for us all, but fundamentally this is funny money if you can print it at will.
At some point fundamentals will matter, as they ALWAYS do.
Bitcoin is a hedge against this possibility, no more or less. It is silly to have a majority of funds in bitcoin right now, but to have a meaningful % seems prudent.
Bitcoin could be compared to a little Mesozoic mice-like creature from which all mammals had sprung once the dominant dinosaurs went extinct.
However, this development was entirely random (due to asteroid, etc.) and could have not happen.
Hence, Bitcoin is basically a backup system (in case the dominant system goes tits up). I consider it as such and it makes my life easier and more interesting.
Yeah, price is low when it was high before. You can come up with multiple reasons for it. It does not matter.
What does matter (at least for me)- the price of bitcoin in 5-20 years.
OP talks about mastercard, amex, points, etc. Everybody got tons of plastic, including myself.
GOOD for us all, but fundamentally this is funny money if you can print it at will.
At some point fundamentals will matter, as they ALWAYS do.
Bitcoin is a hedge against this possibility, no more or less. It is silly to have a majority of funds in bitcoin right now, but to have a meaningful % seems prudent.
Bitcoin could be compared to a little Mesozoic mice-like creature from which all mammals had sprung once the dominant dinosaurs went extinct.
However, this development was entirely random (due to asteroid, etc.) and could have not happen.
Hence, Bitcoin is basically a backup system (in case the dominant system goes tits up). I consider it as such and it makes my life easier and more interesting.
Can't decide if I should put another 2000 USD in bitcoin now, or wait and see if it goes even lower
Bitcoin could just as easily drop another $25, $50 or even $100. I would play careful. Only risk what you truly can afford to lose.
The estimate trading widget on BitcoinWisdom shows a single flash sale of 20,000 BTC would take the price sub $200.
20,000 BTC sell offs are not unheard of.
Bitcoin is meant to be valued at around 10K in a couple years once celebrities start making it trendy as a motherfuck via social networks. Watch it happen.
Can't decide if I should put another 2000 USD in bitcoin now, or wait and see if it goes even lower
i believe, this is right time to Buy (you can wait few more hours). panic sellers through it away,so possible down is $250...
sorry for the above post.
Already starting to go up a bit, though maybe just a dead cat. I'll take the plunge now and put it in cold storage. Here's for a fantastic 2015! Btw, you can just edit your posts.
This is indeed going to be a wild year. With 2 ETf's coming I'm sure we will see drastic swings.
Yeah, really wild, either way. If nothing really interesting happens soon I believe things will turn quite ugly.
I have a feeling there are some really disappointed miners right about now
This is indeed going to be a wild year. With 2 ETf's coming I'm sure we will see drastic swings.
Can't decide if I should put another 2000 USD in bitcoin now, or wait and see if it goes even lower
i believe, this is right time to Buy (you can wait few more hours). panic sellers through it away,so possible down is $250...
sorry for the above post.
Just one point, Amazon can do whatever they want. They are in the enviable position of being loaded with cash.
https://hbr.org/2014/10/at-amazon-its-all-about-cash-flow/
https://hbr.org/2014/10/at-amazon-its-all-about-cash-flow/
Quote
But all that cash flowing in and sticking around a while before it has to go back out again makes it possible for the company to undertake experiments, learn from mistakes, and keep plowing ahead regardless of what those on the outside (such as shareholders) think. So an apparent failure like the Amazon Fire phone can be treated as a learning experience rather than a crisis.
Can't decide if I should put another 2000 USD in bitcoin now, or wait and see if it goes even lower
Great post,you say it could go to $100 and that roughly matches the Winki Coin start price
sound about right to me
buy into an asset going up not down
sound about right to me
buy into an asset going up not down
Suicide watch initiated.
If Bitcoin can go from $1200 to $293... there is no reason to think that it can't also go from $293 to $75.
The 2 price moves mean different things, the first is just a return to approximately the mining value. The 2nd price move you mention would mean a change in fundamentals of bitcoin economy.
Insightful post Stratobitz. You raise some very good points. Nice to see some thoughtful content being posted. There's no doubt that 2015 will prove itself to be yet another wild ride for Bitcoin community- which ever way she rolls.
Checking Bitfinex, looks like we've already seen a low in the mid 250s, back now above 260. This could very well end up far worse than originally speculated.
Time will tell.
Checking Bitfinex, looks like we've already seen a low in the mid 250s, back now above 260. This could very well end up far worse than originally speculated.
Time will tell.
Today, those involved in the crypto-community have once again been met with a flurry of news and speculation over the current and future price potential of Bitcoin in 2015 and beyond. We've been here before, and more than once. Where is Bitcoin headed? Where is the floor? Has it bottomed?
Welcome to your first bitcoin bubble. I know, many emotions and thoughts go through your head right now
But trust me, it will be funny to re-read later on.I agree with one point though. That for many more years, buying something with bitcoin equals to selling it on exchange. That's why I (and many others) always buy back after spending. As for other things, short-term price is easily manipulated, you should not care much about current prices if only to pick good buy / sell opportunities. You are in a project with year 2140 maturity goal , so what difference does several years of depressed prices make? When old-school businesses will start fighting it for real, when it becomes an issue of survival for them - it could get *much* grimmer than it is now, and not only price-wise. Right now, it is a no-brainer, bitcoin is several times stronger than it was in Jan 2014. The fact that the price does not reflect it does not say anything about bitcoin - but does say alot about people, unfortunately.
This may sound terrible, but I believe that in many ways Bitcoin stands the best chance of both mass adoption as well as utilization in third world economies.
Doesn't sound terrible at all. You may very well be right. In fact, none other than Andreas Antonopolous himself said virtually the same thing:
Bitcoins future lies in the billions of underbanked, not in US retail
Interesting will check that out. Thanks for the link. It also makes sense as to why Bill Gates is backing it. Hes nearly a full time philanthropist now, Im sure he sees the potential Bitcoin could serve in those underbanked regions of the world.
But then, if this is the case... What is the true value of BTC? If the value of Bitcoin lies not in retail in the worlds richest nations, rather in micro-payments of the poorest and most isolated populations, where will the value fall? Most people in the world live on under $2.00 per day.
Need someone with expertise in this area... But if 5 Billion People have X net worth, and changed over to BTC, what would the BTC price be set at market cap wise.
Strato
This may sound terrible, but I believe that in many ways Bitcoin stands the best chance of both mass adoption as well as utilization in third world economies.
Doesn't sound terrible at all. You may very well be right. In fact, none other than Andreas Antonopolous himself said virtually the same thing:
Bitcoins future lies in the billions of underbanked, not in US retail
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