Topic: Time to buy (Read 1403 times)

Time to buy drugs i say, f*&^ buying anything else what's the point

Math

Exact.
And this is a poison that destroys the network.
The network will die, because it is too expensive to users.

Sure. Longterm growth is broken. Inflation gives shortsellers an advantage over buyers until an equilibrium will be reached. Right now costs of the btc network are 1 million USD every day. This number will have to come down to probably 10% which would still be high but a bit more reasonable. So 30$ for a coin is reasonable as costs of the network would still be 100k$ every day. Given we have speculators in the market who are buying at low prices i think 50$ could go in. This is only if the core-bagholders don't loose faith in which case bitcoin could go back to single digits.
An increased interest from the public and inflow of new money can not be expected in a big way with this past performance. So we will have to hit rockbottom (inflation = constant demand), stagnate there for a bit before we can start a new bullmarket, likely not before 2016.
To break it down to one sentence: costs of running the network are outsizes with the current inflationrate, so it's not flying, or in case it is flying it's flying more like a bird with a broken wing. Sellpressure is a constant factor and will not go away with 3600 new coins created every day. 2015 will be the year for low inflation coins (with a more efficient network) to shine to which group LTC and BTC do not belong yet or anytime soon.


question is: why should people buy bitcoin and not another coin with less sellpressure? Running from fiat-inflation to a coin with high inflation isn't a thing that makes a lot sense.

The best time to buy Bitcoin imo is as soon as you hear that there is a 'bail-in' in a major country. Cyprus was huge for Bitcoin and at the time Bitcoin was not very well known. A major bail-in now would make Bitcoin go to the moon.

The reason is Bitcoin is obviously immune from that but people don't really appreciate it until a big event happens in a 'safe' country that makes them realise their money is less safe in a bank. When that happens people all around the world will rush into Bitcoin

What makes you the entitled one?

You're right Dec-Mar people usually spend all of their disposable income paying off crappy little plastic gifts they gave people they don't even really like on Dec 25. I gave a friend a kindle fire for Christmas and it took her exactly two days to sit on it and break it in half. I haven't even paid the credit card bill I used to buy it yet. FML

He can not. You can not.
I can.

Can you motivate that statement with facts?

You cannot predict something, based on what you have been seeing on the slowest months of the year.

People tend not to make huge investment decisions during Dec/Jan -- Holiday seasons. 

Gonna come down to double digits. Buy for 80$ later in the year. Maybe even 50$.

im hoping bitcoin rise in next month

Exactly... sure it might still drop... are we waiting for it to hit $50 before saying it's safe to buy?... If folks don't believe it will eventually bring back a decent return maybe they should only invest in low risk minimal return ventures.
Buying is the best way to ensure long term health.

Selling pressure? So?

At this point it's worth buying no matter how much "sell pressure" there is.

If you buy keep buying what you can afford in smaller amounts over the next few months, it has not hit the bottom yet imo but i also believe its not reached its peak and it wont for a few years atleast

People dreamed of this price months ago and the BTC market is better then ever.  Great time to pick up some more.

~275$ for 1 BTC . That's not bad at all , It is time to buy yea
but I would say it will go down more again before it will rise like hell (when the halving happens on 2016)
Still... weird why the price didn't rise again after Bitsmap is back to work , I don't get it . I thought Bitsmap getting hacked was the reason of the fall of the price

I know. But you will not like my answer.

I can call it that this is the time to buy it because the price kinnda low recently.

But we can only wish that the price will raising up

Microsoft and all the other news came about a month back . The price has actually fallen since then.
The trend has been fall in prices after every big news.

It is weekend, plus people are worried about the destiny of the Bitstamp stolen coins, plus the trial of Ullbricht.

I see no reason for a up move right now, but in few days things might change