Price drop : bitcoinners happy ? - page 5.

Amph

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Quote from: rikfredsy on January 03, 2015, 10:18:08 PM

Hello all ,
Why people are happy about the prices drop
I ask a miner he said that he is happy too why ? his profile will drop also

maybe because he think the diff will decrease too? i see no other reason baside baing crazy, or he wait the price to crush even further to buy a tons

findftp

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Delusional crypto obsessionist

Quote from: pereira4 on January 04, 2015, 11:13:32 AM

Quote from: Lethn on January 04, 2015, 08:07:13 AM

The weak holders who aren't going to be here long term or bought too high are being driven out, this will mean something interesting is going to happen to the price in the next couple of months.

Im a long term holder and even if the price goes really low it just means I can buy more cheap BTC.

True, but the lower it get's, the more you could have bought when you sold at the top.

pereira4

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Quote from: Lethn on January 04, 2015, 08:07:13 AM

The weak holders who aren't going to be here long term or bought too high are being driven out, this will mean something interesting is going to happen to the price in the next couple of months.

Im a long term holder and even if the price goes really low it just means I can buy more cheap BTC.

pawel7777

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Quote from: rikfredsy on January 03, 2015, 10:18:08 PM

Hello all ,
Why people are happy about the prices drop
I ask a miner he said that he is happy too why ? his profile will drop also

Maybe he has free electricity (ie included in rent) and he's hoping for the difficulty to drop.

Or maybe he's just generally happy with his life

Quote from: venomdog on January 04, 2015, 10:32:15 AM

I am so feeling cheated, I bought some bitcoins 3 days ago and damn what is this, I lost so much in just 3 days. I am now thinking of trading them to litecoin, is that feasible now? I probably should have gone for litecoin from start.

Litecoin got hit even harder than BTC.

You feel cheated by who? You're responsible for your own actions.

findftp

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Quote from: Bananana on January 04, 2015, 09:57:58 AM

Game over, electricity bills is higher then bitcoin I mine, so why is everyone so happy about making losses?

It's not about the losses.
It means we are close to the bottom when you (and everyone else) have to quit mining.

Sir Alpha_goy

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Sir Alpha_goy

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Sir Alpha_goy

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Furio

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BTC | LTC | XLM | VEN | ARDR

Quote from: venomdog on January 04, 2015, 10:32:15 AM

I am so feeling cheated, I bought some bitcoins 3 days ago and damn what is this, I lost so much in just 3 days. I am now thinking of trading them to litecoin, is that feasible now? I probably should have gone for litecoin from start.

Don't sell man, you just had some bad luck, one piece of advice, never in dec jan, those are expensive months where many miners, btc holder and bitcoin accepting companies will sell more then normal, hence the price drop. If you believe in the tech, then your investment is long term

venomdog

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I am so feeling cheated, I bought some bitcoins 3 days ago and damn what is this, I lost so much in just 3 days. I am now thinking of trading them to litecoin, is that feasible now? I probably should have gone for litecoin from start.

Bananana

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Game over, electricity bills is higher then bitcoin I mine, so why is everyone so happy about making losses?

elephantas1

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Quote from: michaeladair on January 04, 2015, 08:25:14 AM

Now we can buy more bitcoin for cheap!

if you did not buy it on 600 dollars then its good but there were people who thought it will raise from it and bought back then now its almost 2x down

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Now we can buy more bitcoin for cheap!

1Referee

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People who are looking to buy themself some extra coins are happy, yes.

Don't think miners are that happy with current price decline.

Lethn

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The weak holders who aren't going to be here long term or bought too high are being driven out, this will mean something interesting is going to happen to the price in the next couple of months.

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Quote from: sandykho47 on January 04, 2015, 05:58:57 AM

I'm happy if i can buy bitcoin while the price low & after that the price become high again Grin

Most of bitcoiner will think so too

The problem is the price is on a constant decline so no matter what price you buy in there seems to always be a lower price incoming within a month. Hopefully after the weekend it jumps up to 300. Guess we are back into drops on weekends

sandykho47

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Knowledge its everything

I'm happy if i can buy bitcoin while the price low & after that the price become high again Grin

Most of bitcoiner will think so too

Agestorzrxx

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Quote from: rikfredsy on January 03, 2015, 10:18:08 PM

Hello all ,
Why people are happy about the prices drop
I ask a miner he said that he is happy too why ? his profile will drop also

If you believe bitcoin, the low price means you can buy more bitcoin with same money.
It will come back anyway. Grin

Q7

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No way a miner could be happy. He needs to take care of fixed cost like electricity and hardware depreciation factor or else no point for the guy to continue mining. On another note, if we look at it positively...

As price drops, I hope it will reach the state of equilibrium of neither being overpriced or undervalued, this will deter speculators from causing price volatility
Give a chance for newbies who were previously hesitant about bitcoin, a chance to grab some stash of bitcoin or in other words, helps coin distribution

wadili89

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I am not unhappy. I never bought BTCs but now I am thinking I might put some savings into it.
I will see for a few days to see whether this is the bottom.

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