Topic: Since we started at zero, do you think its possible to go back to zero? (Read 2300 times)
April 10, 2014, 07:27:10 PM
I will buy them all at a price close to zero
April 10, 2014, 06:20:11 PM
There's just one simple answer to that: no.
Why do you say that?
April 10, 2014, 05:58:15 PM
There's just one simple answer to that: no.
April 10, 2014, 02:39:12 PM
The Bitcoin ecosystem is far mature even now than it was 6 months ago, and lightyears ahead of where it was a year or years ago.
Bitcoin will never go back to 0, ever.
Bitcoin will never go back to 0, ever.
The Bitcoin ecosystem growth is a great reason to be buying today.
Zero is not an option, at least not this week.
April 10, 2014, 02:28:14 PM
When EC is broken and I have the ability to steal any bitcoin I want for free, does that count as trading at $0?
What is EC?
http://en.wikipedia.org/wiki/EuroCity
When that train is broken, Bitcoin will go to zero.
is this supposed to be metaphorical? How does a train relate to btc?
cuz choo choo mofuka
April 10, 2014, 02:27:08 PM
When EC is broken and I have the ability to steal any bitcoin I want for free, does that count as trading at $0?
What is EC?
http://en.wikipedia.org/wiki/EuroCity
When that train is broken, Bitcoin will go to zero.
is this supposed to be metaphorical? How does a train relate to btc?
April 10, 2014, 02:25:48 PM
When EC is broken and I have the ability to steal any bitcoin I want for free, does that count as trading at $0?
What is EC?
http://en.wikipedia.org/wiki/EuroCity
When that train is broken, Bitcoin will go to zero.
April 10, 2014, 02:19:24 PM
When EC is broken and I have the ability to steal any bitcoin I want for free, does that count as trading at $0?
What is EC?
April 10, 2014, 02:10:56 PM
When EC is broken and I have the ability to steal any bitcoin I want for free, does that count as trading at $0?
April 10, 2014, 01:51:23 PM
You could always set your own "bottom". Just be like "okay, if it makes $xxx, then I will buy"
April 10, 2014, 01:49:44 PM
I'm just waiting for the bottom to buy more. I've been buying the whole way down. I'll buy the whole way back up too.
Why don't you just buy at the bottom, and get more btc for your fiat?
If he knew for sure where the bottom was ahead of time, then sure I'm relatively certain he'd do just that.
On topic to your post, I don't really get why having some marginal "use value" is comforting to PM bugs. If PMs or Bitcoin crash to some very low floor value (2% of current value, or whatever), the odds are the investor will dump it at some point in either case at some point in it's plummet to zero or near zero.
If speculative value of Gold goes away your friend's 10k investment in Gold might be worth a few hundred dollar, whoopty-doo? Can't see how that trumps all the advantages Bitcoin brings as a decentralized network of near instant value exchange.
Yeah that's true, and I consider the bottom when prices/ hype starts going up again when the prices have crashed for a while.
So far I've been pretty bad at it when I've tried though (one good call worth a bunch of bitcoins has pretty much let me break even on a further string of bad trading calls, I've since stopped trying since I'm not willing to put enough work into it not to get slaughtered in this market).
April 10, 2014, 01:45:53 PM
The Bitcoin ecosystem is far mature even now than it was 6 months ago, and lightyears ahead of where it was a year or years ago.
Bitcoin will never go back to 0, ever.
Bitcoin will never go back to 0, ever.
April 10, 2014, 01:43:34 PM
I'm just waiting for the bottom to buy more. I've been buying the whole way down. I'll buy the whole way back up too.
Why don't you just buy at the bottom, and get more btc for your fiat?
If he knew for sure where the bottom was ahead of time, then sure I'm relatively certain he'd do just that.
On topic to your post, I don't really get why having some marginal "use value" is comforting to PM bugs. If PMs or Bitcoin crash to some very low floor value (2% of current value, or whatever), the odds are the investor will dump it at some point in either case at some point in it's plummet to zero or near zero.
If speculative value of Gold goes away your friend's 10k investment in Gold might be worth a few hundred dollar, whoopty-doo? Can't see how that trumps all the advantages Bitcoin brings as a decentralized network of near instant value exchange.
Yeah that's true, and I consider the bottom when prices/ hype starts going up again when the prices have crashed for a while.
April 10, 2014, 01:38:35 PM
I'm just waiting for the bottom to buy more. I've been buying the whole way down. I'll buy the whole way back up too.
Why don't you just buy at the bottom, and get more btc for your fiat?
If he knew for sure where the bottom was ahead of time, then sure I'm relatively certain he'd do just that.
On topic to your post, I don't really get why having some marginal "use value" is comforting to PM bugs. If PMs or Bitcoin crash to some very low floor value (2% of current value, or whatever), the odds are the investor will dump it at some point in either case at some point in it's plummet to zero or near zero.
If speculative value of Gold goes away your friend's 10k investment in Gold might be worth a few hundred dollar, whoopty-doo? Can't see how that trumps all the advantages Bitcoin brings as a decentralized network of near instant value exchange.
April 10, 2014, 01:21:00 PM
It will prob happen in few years but not that soon for sure.
April 10, 2014, 01:20:06 PM
It's possible but extremely, highly, improbable. I'd bet on a bitcoin going to $100000 than $0.
April 10, 2014, 01:10:07 PM
I am totally bullish on bitcoin, but as a thought expirement. It can go to zero... all of the posters here fail to realize that once bitcoin falls into a certain level of disinterest, the blockchain hashrate would fall so far, that it would almost surely be forked, and all bitcoin would become worthless at that point.
That's when I would start mining again xD
April 10, 2014, 12:51:06 PM
I am totally bullish on bitcoin, but as a thought expirement. It can go to zero... all of the posters here fail to realize that once bitcoin falls into a certain level of disinterest, the blockchain hashrate would fall so far, that it would almost surely be forked, and all bitcoin would become worthless at that point.
April 10, 2014, 12:46:01 PM
I'm just waiting for the bottom to buy more. I've been buying the whole way down. I'll buy the whole way back up too.
I think, once the bottom is reached, you may have sold all your bitcoins in desperation. April 10, 2014, 12:40:49 PM
I'm just waiting for the bottom to buy more. I've been buying the whole way down. I'll buy the whole way back up too.
Why don't you just buy at the bottom, and get more btc for your fiat?
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