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HarHarHar9965

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Quote from: MinerHQ on August 16, 2015, 08:25:36 PM

Quote from: Xialla on July 11, 2015, 05:40:39 AM

Quote from: randy8777 on July 11, 2015, 05:34:15 AM

you just have to make sure you're buying when everyone is selling. then hold it for as long as you can. that's how i do it. so i don't have to worry about i'm too late with buying.

in this early stage of bitcoin is nothing like "too late with buying". we all are early adopters and for long term simply doesn't matter, if you will buy at 248USD or 281USD..

Long term how your sure it will go up very high price. It was 1000+ and came this level within a short period. Unless more business start accepting bitcoin prices will not move much.

The price increase of bitcoin depends on more factors than just acceptance of service providers, there are many things the price depends on. The vision bitcoin portrays you to imagine is a future where the price of bitcoin would not be something anybody cares about, because things are bought and sold at btc, nobody wants fiat as much as they do now.

MF Doom

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Quote from: eternalgloom on August 16, 2015, 08:00:34 PM

I think the media coverage of Bitcoin is kinda limited these last months.
Most news involving bitcoin I've seen in mainstream media has been pretty negative.

It seems like thats the method they are going to take: Give it extremely limited mainstream coverage, but when it does get mentioned, associate it with criminal activity, money laundering, hype the probems and hacks, etc. Even the mysterious "isis" tweet about them accepting btc which was blown up in the news. Then anyone who doesnt dig any deeper just seems that and has a negative association with btc every time they hear about it after that. Seems like the media knows to limit what and when they talk about it, and outright attacking it hasnt come..yet.

MinerHQ

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Quote from: Xialla on July 11, 2015, 05:40:39 AM

Quote from: randy8777 on July 11, 2015, 05:34:15 AM

you just have to make sure you're buying when everyone is selling. then hold it for as long as you can. that's how i do it. so i don't have to worry about i'm too late with buying.

in this early stage of bitcoin is nothing like "too late with buying". we all are early adopters and for long term simply doesn't matter, if you will buy at 248USD or 281USD..

Long term how your sure it will go up very high price. It was 1000+ and came this level within a short period. Unless more business start accepting bitcoin prices will not move much.

eternalgloom

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I think the media coverage of Bitcoin is kinda limited these last months.
Most news involving bitcoin I've seen in mainstream media has been pretty negative.

roadbits

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Quote from: SapphireSpire on July 11, 2015, 12:03:17 AM

Too much hype over Bitcoin, by the main stream media and by word of mouth, is driving the price up too high too soon. I'd rather hold of on the hype, keep the price as low as possible so that we can buy more before the price goes up due to actual popularity.

I completely disagree. We need endless pounding of the benefits of using Bitcoin and relentless marketing to Merchants expanding the capacity of Bitcoin users.

CoinBateman

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Quote from: Jorge320 on August 16, 2015, 09:49:39 AM

Bubbles driven by "hype" drives risk in Bitcoin, yes. But after the bubbles pop and crashes occurs what's left is a stronger community to build off of...

Without hype the majority of people who are in Bitcoin right now, wouldn't be.

Price is a large part of that because without it, the herds don't come in. Interesting article about Bitcoin and Segway on coindesk is worth a read.

Hazir

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★Nitrogensports.eu★

Bubbles is not only bitcoin trend. Almost every new project and startup is a ridiculous bubble, that is reality. I sure you know some of the biggest bubble startups in the world:

1. Theranos - $400 mln
2. Dropbox - $10 billion
3. Airbnb - $10 billion
4. Pinterest - $11 billion
5. SpaceX - $12 billion
6. Flipkart - $15 billion
7. Palantir - $15 billion
8. Snapchat - 15 billion
9. Uber - $41,2 billion
10. Xiaomi - $46 billion

Compared to this FIAT based companies bitcoin bubbles are tiny and insignificant.

Jorge320

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Bubbles driven by "hype" drives risk in Bitcoin, yes. But after the bubbles pop and crashes occurs what's left is a stronger community to build off of...

Erdogan

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We like the one bubble, that which never deflates because it is the best money.

AtheistAKASaneBrain

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When a technology is so new that people has problems trying to properly give it a value it's a given that you'll go through several bubble burst cycles of hype and despair. To win, you simply hold through them.

Yakamoto

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This is an old topic, but whatever I guess.

For anyone interested, there aren't any major bubbles in the present, however I haven't checked the historical charts for this post so there may very well have been a bubble about a month ago.

We still need hype, though. It's the only way that we can see Bitcoin continue to grow.

alva5763

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Price has been stable recently so I do not see any sign of a hype on the price.

Mickeyb

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Move On !!!!!!

Well I think we are close as low as we will get, I mean we might get a bit lower and that's it. So if anybody is looking to enter at the moment, this is a right moment in my opinion. So to say, this bubble has just deflated and this is good for the newcomers that are trying to get in.

As for the bubbles in general, Bitcoin is reacting and acting as any other new asset in the history. There are bubbles which are then deflating. Just take a loom at the dot.com crisis, the same is happening with Bitcoin, so no worries!

MinerHQ

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Quote from: randy8777 on July 11, 2015, 05:34:15 AM

you just have to make sure you're buying when everyone is selling. then hold it for as long as you can. that's how i do it. so i don't have to worry about i'm too late with buying.

This is a very good option but very difficult to choose the entry price also you should book a loss when you reach a certain % otherwise you may end in very big loss

Miracal

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Quote from: qiwoman2 on July 11, 2015, 08:55:13 AM

I don't think at the moment any hype is driving up the price but with things going on like the Greek Crisis, more and more people are turning to alternative ways to store the wealth other than fiat currencies so it makes sense for more and more new holders to come in now and purchase a few bitcoins.

Well, there is a hype, whatever you are talking about the Greece default and whatever rumors which were coming out like Greece adopting bitcoin, yeah, that's called a hype. The Chinese stock market crash and those rushing to bitcoin, that is something which is more than just a hype. It is actually a major reason why Bitcoin price spiked up...

qiwoman2

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Oikos.cash | Decentralized Finance on Tron

I don't think at the moment any hype is driving up the price but with things going on like the Greek Crisis, more and more people are turning to alternative ways to store the wealth other than fiat currencies so it makes sense for more and more new holders to come in now and purchase a few bitcoins.

IIOII

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Quote from: SapphireSpire on July 11, 2015, 12:03:17 AM

Too much hype over Bitcoin, by the main stream media and by word of mouth, is driving the price up too high too soon. I'd rather hold of on the hype, keep the price as low as possible so that we can buy more before the price goes up due to actual popularity.

Too much hype is not good. But not because you can't buy more... Cheesy

The problem is that the system should have sufficient usability and market penetration. Otherwise the new users will experience problems and might leave Bitcoin in disappointment and anger. However I'm afraid that boom-bust-cycles are a result of human nature, which will never be changed. Most people pay attention, when there's some immediate benefit or danger and are otherwise bored. Those who actually think about a concept and base their decisions on reasoning are a minority.

So there's no chance to prevent media-induced hype and investment bubbles. It's the people. Wink

BillyBones

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Quote from: SapphireSpire on July 11, 2015, 12:03:17 AM

Too much hype over Bitcoin, by the main stream media and by word of mouth, is driving the price up too high too soon. I'd rather hold of on the hype, keep the price as low as possible so that we can buy more before the price goes up due to actual popularity.

Now it is bit late, price are increasing as per the today value 1XBT = $289, if you compare this price a month before, we can find $50 to $60 is difference. Either way, I always prefer Bitcoin as a technology to be adopted in financial sectors by replacing fiat currencies.

Xialla

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/dev/null

Quote from: randy8777 on July 11, 2015, 05:34:15 AM

you just have to make sure you're buying when everyone is selling. then hold it for as long as you can. that's how i do it. so i don't have to worry about i'm too late with buying.

in this early stage of bitcoin is nothing like "too late with buying". we all are early adopters and for long term simply doesn't matter, if you will buy at 248USD or 281USD..:)

randy8777

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you just have to make sure you're buying when everyone is selling. then hold it for as long as you can. that's how i do it. so i don't have to worry about i'm too late with buying.

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