Really it depends on why you're selling. If you need that money, you need it, money is made to buy stuff you need.
I will probably sell in a few months to help finance a house, if after that BTC goes to the moon before I have the opportunity to buy again, too bad, but I won't regret having a house.
Topic: We'll be back to $13-14 by end of week. Know how I know? (Read 5644 times)
He is more famous then Satoshi. The proudhon song
By some coincidence I just found this odd pic on my drive:
I don't remember what the joke was...
That's hilarious, we'll keep seeing more and more threads like this as historical evidence of people failing to hold long term and selling too early. Some people just never learn. Once we are at $10,000, we will look at everyone saying how $10,000 would never happen, that will be fun.
omg, I just read this thread, insane low prices in 2011, I wish I knew about bitcoin before, lucky the ones who knew when it started, some of you must be millionaires by now?
Some of them are, but many of them forgot their keys, sold all their bitcoins while they were still cheap, or lost them on exchanges (mostly MtGox which was the main exchange back then).
Also invested in ButterflyLabs
omg, I just read this thread, insane low prices in 2011, I wish I knew about bitcoin before, lucky the ones who knew when it started, some of you must be millionaires by now?
Some of them are, but many of them forgot their keys, sold all their bitcoins while they were still cheap, or lost them on exchanges (mostly MtGox which was the main exchange back then).
He is more famous then Satoshi. The proudhon song
By some coincidence I just found this odd pic on my drive:
I don't remember what the joke was...
This was appropriately bumped. We'll be back there soon. All the data is pointing to an epic crash to round out the long term downtrend we've been in.
Wow, you're like the anti-hodler lolAny tech/charting to back your statement?
Or... just cynical, idk cant tell.. :/
Proudhon? Just a comedian.
He is more famous then Satoshi. The proudhon song
omg, I just read this thread, insane low prices in 2011, I wish I knew about bitcoin before, lucky the ones who knew when it started, some of you must be millionaires by now?
This is absolutely insane. Pumping threads like this is good from time to time, it shows historical evidence of weak hands selling too soon.
Can anyone "pump" the thread where kwukduck admits he sold at such prices too? That would be an amazing thread worthy of getting a sticky in this section, to constantly remember him of how he has turned into what is nowadays left from him.
It's amazing how we are speculating about whether or not the price will fall back to below $1000 again, where back in the days people had the same things to talk about, but then on whole different price levels. But still, I am very proud of myself that I still hold some of my early 2013 $20-$25 coins. It feels very weird as back then when the price went up to $50, then $60, then $70, etc. that I was just waiting for the price to come down again to buy back some coins. But hey, we can't predict what will happen in the future.
This was appropriately bumped. We'll be back there soon. All the data is pointing to an epic crash to round out the long term downtrend we've been in.
Lol, proudhon, you're back! Congratulations on taking me back to the old days
Still
You've been missed.
This was appropriately bumped. We'll be back there soon. All the data is pointing to an epic crash to round out the long term downtrend we've been in.
Wow, you're like the anti-hodler lolAny tech/charting to back your statement?
Or... just cynical, idk cant tell.. :/
Proudhon? Just a comedian.
No, no no. You're reading it wrong.
Proudhon is our greatest contra-indicator! When he sais it's gonna sink, it's actually blast-off time.
To the moon!!
skyhigh, the reason I'm saying the issue is minor is that while there has been 50%+ inflation, we've had a 1000%+ inflation of new Bitcoin adopters. There is no reason to be so skeptical as to assume we won't have growth during the next 6 months for example. With the adoption growth we've had, the price is rightfully much higher than it was in the past. How high it's "supposed to be" no one knows, it's obvious it isn't $1 or $30 but something in between.
The price should be around $13-$14 right now to sustain the level of growth we've had so far but clearly we're in a slump with low adoption rates and a ton of bad news. So, basically the main factor to take into account regarding inflation is the adoption rate and the other factor is how much miners believe in Bitcoin or how much they can afford to save.
In the current situation I'd say the price is not going to go below $9, perhaps not even below $10. More bad news is required for another slump like that. The demand for cheap coins at the $9-$11 range is quite decent and many think that price is lowish for selling.
Where it will go from here depends on many things, as I already said in my last post. It might stay here for a while but I don't think so. With all the bad news people will show strong support for good news if they come and if good news come, there will at least be a small rally. With lots of good news we will see a very strong rally. But that's all speculation, we might see quiet stagnation and more occasional bad news and the price will not go up, might even go down.
It's also true that for the functionality of Bitcoin it doesn't matter what the price is, but I personally care about Bitcoin in many different ways, as a miner, as an investor, as a supporter and in the future probably as a merchant as well. For some of my interests the price does matter.
The price should be around $13-$14 right now to sustain the level of growth we've had so far but clearly we're in a slump with low adoption rates and a ton of bad news. So, basically the main factor to take into account regarding inflation is the adoption rate and the other factor is how much miners believe in Bitcoin or how much they can afford to save.
In the current situation I'd say the price is not going to go below $9, perhaps not even below $10. More bad news is required for another slump like that. The demand for cheap coins at the $9-$11 range is quite decent and many think that price is lowish for selling.
Where it will go from here depends on many things, as I already said in my last post. It might stay here for a while but I don't think so. With all the bad news people will show strong support for good news if they come and if good news come, there will at least be a small rally. With lots of good news we will see a very strong rally. But that's all speculation, we might see quiet stagnation and more occasional bad news and the price will not go up, might even go down.
It's also true that for the functionality of Bitcoin it doesn't matter what the price is, but I personally care about Bitcoin in many different ways, as a miner, as an investor, as a supporter and in the future probably as a merchant as well. For some of my interests the price does matter.
I don't know what I should tell you. So I will just say, yes you are right and I am wrong. I guess you know better then me, price should be around $13-14. Ignorance is a bliss.
I'm from the FUTURE.....
Well it is clear that the present when referring to it at that precise moment can be considered the future as in this case when you speak of a fact that belongs to the past, certainly few people knew about of that, as its use has become a little more generalized the price has grown in the same proportion, Besides what has to be a fact is who sold at that price, He/She must have come back later, maybe that's indicating something or maybe not, the thing is that sometimes the story seems to repeat itself , it's now funny see the boy lamenting for not having bought to $8 when it was on $9-11 range or the other guy advising to him about why not keep some USD on mtgox balance, just in case?, that shows why everyone should make their own decisions.
Poor the guys of this thread, a lot of suicides. Is not like the pizza bitcoins guy but they dont have nothing to envy.
This was appropriately bumped. We'll be back there soon. All the data is pointing to an epic crash to round out the long term downtrend we've been in.
Wow, you're like the anti-hodler lolAny tech/charting to back your statement?
Or... just cynical, idk cant tell.. :/
Proudhon? Just a comedian.
This was appropriately bumped. We'll be back there soon. All the data is pointing to an epic crash to round out the long term downtrend we've been in.
Wow, you're like the anti-hodler lolAny tech/charting to back your statement?
Or... just cynical, idk cant tell.. :/
Proudhon? Just a comedian.
This was appropriately bumped. We'll be back there soon. All the data is pointing to an epic crash to round out the long term downtrend we've been in.
Wow, you're like the anti-hodler lolAny tech/charting to back your statement?
Or... just cynical, idk cant tell.. :/
This was appropriately bumped. We'll be back there soon. All the data is pointing to an epic crash to round out the long term downtrend we've been in.
Fuck me! Why did you bump this thread??!! 
You did great OP
This is absolutely insane. Pumping threads like this is good from time to time, it shows historical evidence of weak hands selling too soon.
Anyone knows if OP bought back eventually? I would be devastated to look at back at this thread if at least i didn't manage to buy back again to be honest.
Anyone knows if OP bought back eventually? I would be devastated to look at back at this thread if at least i didn't manage to buy back again to be honest.
I'm from the FUTURE.....
welcome. Feel right at home in the past.
What action do you suggest to us having remained here, waiting for you?
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