At $10/btc a group with $210 million could buy all bitcoins ever. This price is not sustainable with current levels of awareness.
Provide proof of a $210 million group interested in BTC.
Topic: To who whined about early adopters that bought cheap coins: now coins are cheap - page 3. (Read 4502 times)
April 13, 2013, 06:32:19 PM
Provide proof of a $210 million group interested in BTC.
April 13, 2013, 06:29:13 PM
At $10/btc a group with $210 million could buy all bitcoins ever. This price is not sustainable with current levels of awareness.
April 13, 2013, 06:23:20 PM
Anybody who right now buys at 100 will kick themselves for not being able to wait.
There are a few of you out there who still think they can turn this around, it's exactly the same situation like when I first joined this forums after the bust in 11.
There are a few of you out there who still think they can turn this around, it's exactly the same situation like when I first joined this forums after the bust in 11.
Not true, public awareness is much greater, infrastructure is stronger (but still weak), bitcoin has not been hacked for longer (increased confidence), more and more usefulness all the time. Just trading-wise, mt gox order book has 14 million in bids showing, what did it have in 2011?
duh, That's why the price is higher than in 11. But that doesn't mean it is sustainable.
It weren't back then and it isn't now.
Then:
public awareness == the amount of suckers
infrastructure hasn't improved a bit.
April 13, 2013, 06:14:12 PM
now coins are cheap
excuse my repetition, but remember: Bitcoin has been worth single digits or less for about half of its lifetime. Before 2013, bitcoin had only ever been worth more than $20 for two brief weeks, during a period generally known to all as an aberration.
Umm, what of the billions of Bitcoins credited to a wallet by a hack which had to be rolled back?
April 13, 2013, 06:12:29 PM
It could go either way but the odds of it dropping to 50 are a lot higher right now than it seeing 200 in the next few weeks.
The only way it can ever drop to $50 is due to the inability/crookedness of the exchanges. In OTC market, I see absolutely no one willing to sell, everyone just wants to buy. If ever you have coins for sale for $50, or want to buy puts, just PM me.
April 13, 2013, 06:11:30 PM
Anybody who right now buys at 100 will kick themselves for not being able to wait.
There are a few of you out there who still think they can turn this around, it's exactly the same situation like when I first joined this forums after the bust in 11.
There are a few of you out there who still think they can turn this around, it's exactly the same situation like when I first joined this forums after the bust in 11.
Not true, public awareness is much greater, infrastructure is stronger (but still weak), bitcoin has not been hacked for longer (increased confidence), more and more usefulness all the time. Just trading-wise, mt gox order book has 14 million in bids showing, what did it have in 2011?
April 13, 2013, 06:08:57 PM
Anybody who right now buys at 100 will kick themselves for not being able to wait.
There are a few of you out there who still think they can turn this around, it's exactly the same situation like when I first joined this forums after the bust in 11.
There are a few of you out there who still think they can turn this around, it's exactly the same situation like when I first joined this forums after the bust in 11.
The only thing supporting the price right now is MTGox and their ever more transparent price manipulation.
April 13, 2013, 06:06:29 PM
Anybody who right now buys at 100 will kick themselves for not being able to wait.
There are a few of you out there who still think they can turn this around, it's exactly the same situation like when I first joined this forums after the bust in 11.
There are a few of you out there who still think they can turn this around, it's exactly the same situation like when I first joined this forums after the bust in 11.
April 13, 2013, 06:04:23 PM
now coins are cheap
excuse my repetition, but remember: Bitcoin has been worth single digits or less for about half of its lifetime. Before 2013, bitcoin had only ever been worth more than $20 for two brief weeks, during a period generally known to all as an aberration.
Umm, what of the billions of Bitcoins credited to a wallet by a hack which had to be rolled back?
April 13, 2013, 05:58:32 PM
now coins are cheap
excuse my repetition, but remember: Bitcoin has been worth single digits or less for about half of its lifetime. Before 2013, bitcoin had only ever been worth more than $20 for two brief weeks, during a period generally known to all as an aberration.
April 13, 2013, 05:52:07 PM
now coins are cheap
excuse my repetition, but remember: Bitcoin has been worth single digits or less for about half of its lifetime. Before 2013, bitcoin had only ever been worth more than $20 for two brief weeks, during a period generally known to all as an aberration.
This is silly. Averages only mean something if you are sampling from a distribution with a constant expected value. I wouldn't draw any conclusion from such analysis. We even have a plausible mechanism for why price would increase over time.
Yes, and that very mechanism is why Bitcoin should be viewed with suspicion. Do you really see mass adoption of a currency that gets more and more expensive to new entrants?
Yes, because I know bitcoin is useful, I have used it and dont just speculate. Do you really see mass adoption of a currency that gets less and less valuable to new entrants? Initial distribution is completely unfair. Bitcoin is first come, first serve, which is an understandable concept to people.
April 13, 2013, 05:46:51 PM
now coins are cheap
excuse my repetition, but remember: Bitcoin has been worth single digits or less for about half of its lifetime. Before 2013, bitcoin had only ever been worth more than $20 for two brief weeks, during a period generally known to all as an aberration.
This is silly. Averages only mean something if you are sampling from a distribution with a constant expected value. I wouldn't draw any conclusion from such analysis. We even have a plausible mechanism for why price would increase over time.
Yes, and that very mechanism is why Bitcoin should be viewed with suspicion. Do you really see mass adoption of a currency that gets more and more expensive to new entrants?
April 13, 2013, 05:43:54 PM
now coins are cheap
excuse my repetition, but remember: Bitcoin has been worth single digits or less for about half of its lifetime. Before 2013, bitcoin had only ever been worth more than $20 for two brief weeks, during a period generally known to all as an aberration.
This is silly. Averages only mean something if you are sampling from a distribution with a constant expected value. I wouldn't draw any conclusion from such analysis. We even have a plausible mechanism for why price would increase over time.
April 13, 2013, 05:38:10 PM
now coins are cheap
excuse my repetition, but remember: Bitcoin has been worth single digits or less for about half of its lifetime. Before 2013, bitcoin had only ever been worth more than $20 for two brief weeks, during a period generally known to all as an aberration.
April 13, 2013, 04:11:52 PM
People who complained about not being able to buy cheap coins earlier will not buy cheap coins now because there are risks involved 
BAM, nail on the head..
This. If Bitcoin went below a buck the same people complaining about the unfairness of "cheap coins" would run away screaming Bitcoin has failed. If Bitcoin recovered and in four years was at $500 again they would be again crying that it wasn't fair other people could buy cheap coins.
Hint: Bitcoins were "cheap" at one time because nobody even knew they were going to be worth a penny in the future.
April 13, 2013, 04:09:24 PM
Well, even after the 2011 bubble, the price dropped at most at 2, much higher than cents, but still, much lower than 32.
The price now is increasing, this may be the last chance to buy bitcoins at a such cheap price.
The price now is increasing, this may be the last chance to buy bitcoins at a such cheap price.
Price is still extremely high...up something like 500% in the last few months. It may be your last chance to buy bitcoins at such a "cheap" price or BTC may never reach $150 again...as in NEVER.
It could go either way but the odds of it dropping to 50 are a lot higher right now than it seeing 200 in the next few weeks.
Truth
April 13, 2013, 04:00:05 PM
The best way to make money is to take no risk.
Just wait until Bitcoin is at a non-risky price and buy as much as you can.
I am sure that has done well for people in the past.
Just wait until Bitcoin is at a non-risky price and buy as much as you can.
I am sure that has done well for people in the past.
April 13, 2013, 03:43:46 PM
I was one of the people complaining about having to buy over $200 when other had it cheap. Got burned in the last few days but I'm not worried about the future. Now just want more cheap coins 
Funny enough, the only place that let me send money quick and cheap is bitfloor, where the price keep coming near $100 but never falling to the level of the other exchanges... I will double my coins when it does.
Funny enough, the only place that let me send money quick and cheap is bitfloor, where the price keep coming near $100 but never falling to the level of the other exchanges... I will double my coins when it does.
April 13, 2013, 10:49:58 AM
People who complained about not being able to buy cheap coins earlier will not buy cheap coins now because there are risks involved
BAM, nail on the head..
April 13, 2013, 10:47:34 AM
I cant figure out why anyone would call $100 cheap, they were half that a month before, and half that before the bubble started.
Best thing that could happen would be it crashes back to $10-30 and stays there for a few months at least. That will drive out the speculators and manipulators. I doubt that will happen with all the hoarding though.
Best thing that could happen would be it crashes back to $10-30 and stays there for a few months at least. That will drive out the speculators and manipulators. I doubt that will happen with all the hoarding though.
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