Topic: We're going down faster than my ex-girlfriend (Read 2627 times)

Those people should be buying multiple times on the dips like the rest of us and than spending on the upswings or at minimum buying back when spending BTC to get 2-14% discounts.

Never sell for a loss could translate into never sell for a lot of people.

I'm not sure what just happened. 

in nearly a year your the first person i have put on ignore

reported to moderator for foul unacceptable language,you are the type of person that thinks smutt is funny and cool and makes look big

I was looking forward to seeing photo of ur ex -

you do know there are some teenagers use this forum,is this something you would like your 14yr old daughter to read,and your a full member and should know better

Must be nice to now have a girlfriend that goes down slowly, let alone one that goes down at all. Like Bitcoin, give her a kiss when she comes back up, then report back to us who get off on such things as to how she tasted.

She gets around, man. At this stage in the game, you should swing by your DR and get a prescription for some strong antibiotics. Play it safe.

Is there any indication when the next is? The price seemed to be finally recovering before the last one, then wham.

haha

btw, you mean "vouch"?

same

I can vouge for OP's ex-gf going down speed matching that of the bitcoin price.

Great thread title!  Pics would be fun though!

I wish there was some news to explain this latest drop.  After every USMS auction I think we are ready to move up and then, whamm-o down scores of USD.

NotLambchop: "This user is currently ignored."

 

If an Ignored Troll talks in the forest, does he make a sound?

FTFY
I realize that you've bought in high and now are hoping against hope that the price will crawl back up.  But the "we's early adopters" mantra has absolutely no magic in it, just stop.

Early adopters mined coin with their CPUs, bought 10,000 BTC pizzas & laughed about it.  You're on the speculation subforum, pimping the price as the busboy stacks chairs on tables & mops around you.  Last call was hours ago, time to go home.

In the eyes of people who know what Bitcoin is, we're in the early stages. In the eyes of the world, we're in the extremely early stages. I don't have to tell most of you on this board that the potential is  huge, it's just a matter of waiting to see how things play out. There is no doubt in my mind, however, that we'll see much more than $1k / coin.

How could my comments have anything to do with this past year as it applies to the market effects of BTC halving which happens in mid 2016 ? The last halving did cause deflationary bubbles. Get back to me if another deflationary bubble doesn't happen before mid 2016.

are people still saying this? that's what has been said for the past year.. no one knows whether it's a steal or not. there are no signs showing that bitcoin will even reach $1,000 ever again.

If everyone followed the rule of never selling at a loss than we will all eventually win.

In solidarity, brothers.... hodl.

Then sell everything 

Yes, yes, yes, and yes. Anything under $1,000 is a steal, IMO. I buy little chunks on a regular basis to keep growing the pot.

and at 99 $ ?

^^^^ THIS.  ALL OF IT. ^^^^

Yes, I am in this for the long haul and hold a happy amount of BTC for myself. I can't see any point in selling now; we're only at the beginning. Just imagine the purchasing power BTC holders will have in 5-10 years.

Correct, which means that one should expect the following:

1) Market expectations cause a bubble before halving - early 2016
2) If the rate of adoption is steady state expect BTC to be worth at least 2x current value
3) Because of market psychology expect the bubble to actually skyrocket BTC 4x to 10x in value before capitulating to sellers cashing out and crashing between 40-60% . I.E. 350 bubbling up to 1400-3500 and crashing shortly after to 560 to 2100
4) This all assumes another grim year for BTC in 2015, there could be deflationary bubble before than fueled by adoption alone. If So than item 3 still applies in 2016 because of basic supply and demand.

If you understand the technology and believe in he viability of Bitcoins growth (even short term based upon momentum alone) you should be buying as much as you can at any price before 2016.

If you really are a long term holder then just wait until next year, another crash will happen then you'll be shitting yourself over how much money you're making, that being said I don't think that it will be even worth holding the paper so I'm working on getting as much of a cryptocurrency income as I can and then buying up Gold and Silver.

Right now, the block subsidy paid to miners is 25 BTC for each block solved.  Since blocks are solved on average every 10 minutes, this means that 3,600 brand new bitcoins come into existence every day.

After block number 419999 (which is likely to occur somewhere around July of 2016), then block subsidy will be reduced to 12.5 BTC for each block solved.  That means that only 1,800 brand new bitcoins will come into existence every day.

If there are less bitcoins available to be bought, and if there is demand for the same amount (or an increased amount) of bitcoins, then the bitcoins that are available become more valuable.  If ten people want an orange, and there are 100 oranges, then the seller might only be able to convince people to pay $0.10 for an orange.  If those same ten people want an orange, and there are only 4 oranges, then four of the ten people might be willing to pay a bit more for the orange to convince the seller to sell to them instead of one of the other buyers.  Bitcoins work the same way.  If there aren't enough bitcoins available for everyone that wants them at the current price, then the price goes up until the number of bitcoins desired at that price matches the number of bitcoins available at that price.  If there are more bitcoins available than people want at the current price, then the price goes down until the number of bitcoins available at the new price matches the number of bitcoins that people want at that price.

The block subsidy continues to be cut in half every 210,000 blocks. At an average of 10 minutes per block, this means that there are approximately 4 years between "halvings".  So it will be reduced to 6.25 BTC per block after block 629999 (somewhere in the year 2020) and to 3.124 after block 839999 (somewhere in the year 2024).

Eventually, somewhere around the year 2136 after block 6719999 is solved the block subsidy will be reduced from 0.00000002 BTC to 0.00000001 BTC. Four years after that, somewhere around the year 2140 after block 6929999, the block subsidy will be reduced from 0.00000001 BTC to 0 BTC.  After that, there will never be any more bitcoins (or fractions of bitcoins) coming into existence.

I would imagine he is referring to the block subsidy reward for finding a block, currently 25 bitcoins, but will be halved approximately every 4 years.

Alright , I will calm down because you seem like someone with experience.
But could you please explain what "halving" mean exactly please ? thanks

Yes. It will either keep going down, or it will stop going down.  Those are the only possibilities.

It is not possible to know for certain ahead of time which of those possibilities will occur.  We can only wait and see.

People are buying gifts for holidays, this is bitcoin early days... don't fret. The halving is drawing near...mid 2016.

NEVER sell for a loss.

I'm sure there's a story with that ex-girlfriend thing (Juicy Gossip category for $1000, maybe?). And yes, it's been bad. I spent mine yesterday when it was still at $330-something and maybe I should have done it sooner.

I will hold my coins even though it goes down to 100$

perhaps thread title of the year award lol 

Well , thanks for making me Panicking  Just checked preevs and It's like ~315$ , It will keep going down or what ? Im really not that experienced on Bitcoin economics

pics or gtfo.

I'm not panicking, for I am a long-term hodler. I just wanted to start a thread with that saying.

Proceed.