Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 24789. (Read 26713056 times)

It is about risk vs. reward.  Sure, the "runups" might be over.  In fact, Bitcoin could go to zero.  

However, it could still be very early in it's growth and we could see $100,000 per coin or more.

The question then becomes is the risk worth the reward?  I believe it is a resounding YES!

In a way, we all have the chance to become venture capitalists in Bitcoin with any small amount we are willing and able to throw in.  Usually these kinds of investment opportunities are not available to the "little people" or people like me with very little money to throw in.  By the time we get the chance to invest in the best companies, the VC's have already made millions and moved on to the next investment. These VC's are the risk takers.  They throw money into companies that lose everything.  However, for the few that make it their reward is beyond what we can imagine because most of us do not get those kinds of opportunities.

So that is why we are willing to be "all in" with what we have.  For some of us, we had very little to begin with and if we end up back to where we started we can at least say we gave it a shot.  That is a much better feeling than seeing the price rise to $1000, $5000, $10,000, or even $100,000 someday and then crying, "Why didn't I invest when it was $350!  

If 1 BTC hits 50k I will sell 75% of my stash and be a very wealthy man.

Well the chance of that is not that high anyway. I won't be considering this a likely outcome for years to come.

Sometimes I wonder if some of you even account for the possibility that the huge runups might be over.

It's the way it has to be.

I've invested about 5000 GBP.
I can afford to lose that money (not that I'd be happy about it).

The BTC I hoard will either make me a large sum of cash or flitter out into nothing.
I'm here for the long term 10-20 years.

Strong hands.

Strong hands.

I am planning to hoard my coins for a very long time but it doesn't make it feel any better when the price is on a downward spiral.
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That's exactly how I feel.

If its a sinking ship, so be it.

I just need to look at this chart to understand we are at a really dangerous point. Fiat bid sum is returning to prebubble levels, while bitcoin supply is quite higher. And it is quite scary while we are approaching to an important key level like $275.

Miners and merchants are drying the exchanges, current prices are not sustainable for a long time. Fiat entries needs to be improved, plus a massive pump event to break all the resistances to bring price to ATH where it can rally again. ETF probably will do this work, but there could be delays until it is up, you know how this things works.
Until that, IMO, bitcoin will keep slowly bleeding, with its ups and downs.

Well, the good news is that even if we sell at $275, that is above our entry point.  So the plan is sell only when totally necessary!    The question is more about what is deemed "necessary."  If we have to sell a substantial amount we could and will but we won't need to for several more months (could delay it even longer if we take advantage of more zero percent interest credit but that is a game that I really don't like playing too much.)  I think part of me feels like it is a game of who can wait the longest.  There are people trying to shake out the weak hands and I don't want to be the "weak hands" being shaken out!  Hodl on!  

$200 mmm.. maybe it is possible.



Bitcoin need some news , important positive news. Where is paypal ?

I am planning to hoard my coins for a very long time but it doesn't make it feel any better when the price is on a downward spiral.

Under 320 USD?

Almost certainly, it could quite easily drop that low by the end of the weekend unfortunately.

touch the 200s again for me. My bid order was 1 dollar too low last time

Under  $320  before the end of 2014 , is it possible ?

Explanation

oh look, those magical paintings again

lol



sure, this must be it ! 

The Lord will provide.
/whining.

Lower prices make Bitcoin more affordable for the masses.
Thank Satoshi Bitcoin's laissez faire individuality won't be shackled by WC3's fascist strictures and regulations.
Very welcome bullish news

Do you have a plan in case bitcoin goes below $275 and stays lower for several months or even 1-2 years?
This kind of thinking of delaying and being overinvested in bitcoin is going to lead to a massive panic dump like the good old times if we go below $275. Dunno if it will break, but be careful.

mh: on tradingview they seem quite bullish now:
https://www.tradingview.com/s/bitcoin/?sort=recent&time=day