Price down to 1.25 - How low will it go?

spazzdla

legendary

Activity: 1722

Merit: 1000

Quote from: Tirapon on August 15, 2014, 12:37:28 PM

Quote from: spazzdla on August 15, 2014, 12:27:50 PM

Quote from: rpietila on August 15, 2014, 06:14:21 AM

Now this deserves a bump.

USD is up to 2, and people are speculating a rally to 3 (and some, even further).

Myself, these are the last gasps of air before the lid is put strongly in place, and a descent towards 0.2-0.1 area resumes.

Bitcoin worth 20 cents a coin... LMAO so much no... just no.. if it goes to 20 cents now it goes to zero..

Also.. stop being a necromancer.

Read the OP. Discussing price per USD (in mBTC).

LOL oh.. derp.

Tirapon

hero member

Activity: 898

Merit: 1000

Quote from: spazzdla on August 15, 2014, 12:27:50 PM

Quote from: rpietila on August 15, 2014, 06:14:21 AM

Now this deserves a bump.

USD is up to 2, and people are speculating a rally to 3 (and some, even further).

Myself, these are the last gasps of air before the lid is put strongly in place, and a descent towards 0.2-0.1 area resumes.

Bitcoin worth 20 cents a coin... LMAO so much no... just no.. if it goes to 20 cents now it goes to zero..

Also.. stop being a necromancer.

Read the OP. Discussing price per USD (in mBTC).

spazzdla

legendary

Activity: 1722

Merit: 1000

Quote from: rpietila on August 15, 2014, 06:14:21 AM

Now this deserves a bump.

USD is up to 2, and people are speculating a rally to 3 (and some, even further).

Myself, these are the last gasps of air before the lid is put strongly in place, and a descent towards 0.2-0.1 area resumes.

Bitcoin worth 20 cents a coin... LMAO so much no... just no.. if it goes to 20 cents now it goes to zero..

Also.. stop being a necromancer.

rpietila

donator

Activity: 1722

Merit: 1036

Now this deserves a bump.

USD is up to 2, and people are speculating a rally to 3 (and some, even further).

Myself, these are the last gasps of air before the lid is put strongly in place, and a descent towards 0.2-0.1 area resumes.

BurtW

legendary

Activity: 2646

Merit: 1137

All paid signature campaigns should be banned.

Quote from: wannasurf on November 23, 2013, 02:02:49 AM

I wish there was some way to short USD

https://www.bitfinex.com

malumeze86

member

Activity: 88

Merit: 10

1.25$

I wonder how many people sold when it went back up to 5$?

Shocked

dnaleor

legendary

Activity: 1470

Merit: 1000

Want privacy? Use Monero!

1 USD = 916.43 uBTC Shocked

We can use micobitcoin now. And as "cents" we use satoshis Cheesy

Savior

full member

Activity: 176

Merit: 100

Quote from: rpietila on November 07, 2013, 02:12:39 PM

Quote from: Savior on November 07, 2013, 01:35:34 PM

The US cent is now down to under 3200 satoshis, and I think it might go under 3000 this week. A big question, when will we see tripple digits for the first time?

Reliable sources estimate anything between 1 to 8 months.

Looks like it came even faster, starting to think even triple digits won't hold very long.

rpietila

donator

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Merit: 1036

I think the exponential decay model explains this rather well. The mean half-life is approximately 3.5 months, which means that the current rate of decay is a little bit ahead of itself.

oakpacific

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Merit: 1000

The almighty one has fallen! Is it bottomless abyss below us? Undecided

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: wannasurf on November 23, 2013, 02:02:49 AM

I wish there was some way to short USD

There is. Buy bitcoins with leverage.

Note: it is stupid. Don't do it, nor anything else that involves a loan or obligation.

wannasurf

newbie

Activity: 17

Merit: 0

I wish there was some way to short USD

Mondy

member

Activity: 112

Merit: 10

Quote from: oakpacific on November 22, 2013, 09:46:29 PM

Quote from: reannypleas on November 22, 2013, 12:11:27 PM

Quote from: oakpacific on November 22, 2013, 12:06:34 PM

My advice is to take long term short position in USD. Hold as little USD as possible, always borrow when you need it, coz there is too much outta there and it will always be cheaper when you return the loan!

I dont agree, loans have much higher interest than inflation.

But hold as little USD as possible is good advice

Well, that depends on where you spend you borrowed USDs, those who have borrowed to buy bitcoins must be feeling really good right now Wink

Unless they bought at the highest high! Undecided

oakpacific

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Activity: 784

Merit: 1000

Quote from: reannypleas on November 22, 2013, 12:11:27 PM

Quote from: oakpacific on November 22, 2013, 12:06:34 PM

My advice is to take long term short position in USD. Hold as little USD as possible, always borrow when you need it, coz there is too much outta there and it will always be cheaper when you return the loan!

I dont agree, loans have much higher interest than inflation.

But hold as little USD as possible is good advice

Well, that depends on where you spend you borrowed USDs, those who have borrowed to buy bitcoins must be feeling really good right now Wink

reannypleas

full member

Activity: 152

Merit: 100

Quote from: oakpacific on November 22, 2013, 12:06:34 PM

My advice is to take long term short position in USD. Hold as little USD as possible, always borrow when you need it, coz there is too much outta there and it will always be cheaper when you return the loan!

I dont agree, loans have much higher interest than inflation.

But hold as little USD as possible is good advice

oakpacific

hero member

Activity: 784

Merit: 1000

My advice is to take long term short position in USD. Hold as little USD as possible, always borrow when you need it, coz there is too much outta there and it will always be cheaper when you return the loan!

Peter Lambert

hero member

Activity: 756

Merit: 500

It's all fun and games until somebody loses an eye

Quote from: rpietila on November 21, 2013, 05:47:28 PM

Quote from: Peter Lambert on November 21, 2013, 05:22:28 PM

Over the past couple weeks the price plummeted from 5.0 all the way down to 1.25, it looks like that was a dead cat bounce back up to 2.5, the price seems currently to be settling at about 1.4. This price looks shaky, the volatility is still high and the price could continue dropping, it might even go below 1 soon.

If the price drops to about 0.8 then USD will be equally worthless against bitcoins and ounces of gold.

Given the fact that ounces of gold outnumber bitcoins currently about 400:1, I expect ounces of gold to become increasingly more worthless against bitcoins.

I guess the big question is what the market cap ratio of bitcoins and gold will be in the long term? Will all of the value currently stored as gold be transferred to bitcoins? Gold has some utility for industrial, electronic, and jewelry uses (and as a medium for long-term storage of bitcoin wallets due to its non-corrosiveness), so the price of gold will never go all the way to 0, but the monetary markup is a huge component of its current price.

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: Peter Lambert on November 21, 2013, 05:22:28 PM

Over the past couple weeks the price plummeted from 5.0 all the way down to 1.25, it looks like that was a dead cat bounce back up to 2.5, the price seems currently to be settling at about 1.4. This price looks shaky, the volatility is still high and the price could continue dropping, it might even go below 1 soon.

If the price drops to about 0.8 then USD will be equally worthless against bitcoins and ounces of gold.

Given the fact that ounces of gold outnumber bitcoins currently about 400:1, I expect ounces of gold to become increasingly more worthless against bitcoins.

Peter Lambert

hero member

Activity: 756

Merit: 500

It's all fun and games until somebody loses an eye

Over the past couple weeks the price plummeted from 5.0 all the way down to 1.25, it looks like that was a dead cat bounce back up to 2.5, the price seems currently to be settling at about 1.4. This price looks shaky, the volatility is still high and the price could continue dropping, it might even go below 1 soon.

If the price drops to about 0.8 then USD will be equally worthless against bitcoins and ounces of gold.

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: nimda on November 07, 2013, 09:04:25 PM

I have lost a good deal of my net worth these past few weeks due to these market movements. Deeply concerned - will USD continue to drop? I am sad to say USD represents a large minority of my portfolio.

Perhaps USD money masters should take some corrective action.. If this kind of drop continues, nobody can soon trust fiat to keep its value!!

Topic: Price down to 1.25 - How low will it go? (Read 9820 times)