What is your personal "oh shit" price?

xDan

hero member

Activity: 688

Merit: 500

ヽ( ㅇㅅㅇ)ﾉ ~!!

Quote from: Ibian on February 09, 2014, 03:19:47 PM

Quote from: xDan on February 09, 2014, 02:42:37 PM

I hate this middle ground. Anything $100 - $600 is unpleasant. But I would LOVE < $100, since it means I can buy a ton more.

It would also mean something has gone horribly wrong. Something game ending. Don't wish for it.

well, yeah... But if it went that far down solely due to some negative media attention or something. I doubt that would happen though.

DubFX

sr. member

Activity: 434

Merit: 250

450 euros per coin would make me raise my eyebrows. The shit one would be below 300.

pietje

full member

Activity: 224

Merit: 100

Quote from: nwbitcoin on February 09, 2014, 03:38:21 PM

If bitcoin dropped to $0, I wouldn't have actually lost money - but I doubt that will happen in 2014! ;-)

All depends on how you see it. When you have for example 1 bitcoin you actually have around $600 dollar now, so if it drops to $ 0 you do lose money you have now.
maybe you dont lose your invested money, but you still have less then you have now.

Spaceman_Spiff

legendary

Activity: 1638

Merit: 1001

₪``Campaign Manager´´₪

Staying under $250 for longer than a quick dip would raise my eyebrows...
If and how I would react to such a eyebrow situation depends on my interpretation of the fundamentals.

nwbitcoin

sr. member

Activity: 294

Merit: 250

You are a geek if you are too early to the party!

If the price went to $100, why would you buy?

While prices are set by traders, it does need a reason and if the price drops that far, then Bitcoin must be on deaths door!

The reality for me is once my coins drop to a value equal to what I spent on them in fiat, I will worry - although the reality is, I have already taken that money out and spent it on stuff!

If bitcoin dropped to $0, I wouldn't have actually lost money - but I doubt that will happen in 2014! ;-)

Ibian

legendary

Activity: 2268

Merit: 1278

Quote from: xDan on February 09, 2014, 02:42:37 PM

I hate this middle ground. Anything $100 - $600 is unpleasant. But I would LOVE < $100, since it means I can buy a ton more.

It would also mean something has gone horribly wrong. Something game ending. Don't wish for it.

xDan

hero member

Activity: 688

Merit: 500

ヽ( ㅇㅅㅇ)ﾉ ~!!

I hate this middle ground. Anything $100 - $600 is unpleasant. But I would LOVE < $100, since it means I can buy a ton more.

pungopete468

hero member

Activity: 1470

Merit: 504

Quote from: Ibian on February 09, 2014, 12:03:26 AM

Quote from: KawalGrover on February 08, 2014, 11:58:30 PM

2. $10,000 -- Oh shit, we didn't innovate technologies using the Blockchain fast enough and hyperinflation is here now (judging by how fast things are moving ... ethereum, bitcongress, NXT, Mastercoin, ColoredCoin, OpenTransactions, BitMessage, Protoshares and so much else)... I'm getting less worried about this option as well.

Deflation. Inflation is what fiat does. Bitcoin itself is technically inflationary until the last coin is mined, but adoption means the value is deflationary.

I think he's referring to a potential global economic collapse devaluing fiat currencies to where BTC is $10,000 each with the fiat being hyper-inflated.

He was commenting on the rapid innovation using the blockchain that will sustain the utility of BTC under any circumstance.

Adrian-x

legendary

Activity: 1372

Merit: 1000

$3.00 and $30,000.00
Everything in-between calls for popcorn.

Ibian

legendary

Activity: 2268

Merit: 1278

Quote from: KawalGrover on February 08, 2014, 11:58:30 PM

2. $10,000 -- Oh shit, we didn't innovate technologies using the Blockchain fast enough and hyperinflation is here now (judging by how fast things are moving ... ethereum, bitcongress, NXT, Mastercoin, ColoredCoin, OpenTransactions, BitMessage, Protoshares and so much else)... I'm getting less worried about this option as well.

Deflation. Inflation is what fiat does. Bitcoin itself is technically inflationary until the last coin is mined, but adoption means the value is deflationary.

KawalGrover

newbie

Activity: 38

Merit: 0

Quote from: gentlemand on February 07, 2014, 08:10:11 PM

As per the title, what price is likely to have you getting a little sweat on?

For me I'd be a little disappointed with $400, mildly aggrieved with $300 and my shitty moment would be somewhere just below $200.

I really thought about this ... and my answer is either:

1. $0 -- Oh shit, they figured out something so terribly wrong that we can't even roll back to some earlier version (the probability of this is so negligible that I don't even worry about it)

2. $10,000 -- Oh shit, we didn't innovate technologies using the Blockchain fast enough and hyperinflation is here now (judging by how fast things are moving ... ethereum, bitcongress, NXT, Mastercoin, ColoredCoin, OpenTransactions, BitMessage, Protoshares and so much else)... I'm getting less worried about this option as well.

jubalix

legendary

Activity: 2618

Merit: 1022

i don't have one, because at -ve$ people will give me BTC for nothing which would be my ideal situation.

JimboToronto

legendary

Activity: 3990

Merit: 4460

You're never too old to think young.

Quote from: klondike_bar on February 08, 2014, 03:30:41 PM

Is there some weird 'hodling' meme going on in the economics section, or is it simply a lack of coordination in bitcoin owners?

It started with a whiskey-soaked rant on the night of the December 2013 "crash".

https://bitcointalksearch.org/topic/i-am-hodling-375643

keithers

legendary

Activity: 1456

Merit: 1001

This is the land of wolves now & you're not a wolf

$550 is oh shit price. If it hits $500 i am going to throw some more money at it...

JimboToronto

legendary

Activity: 3990

Merit: 4460

You're never too old to think young.

Quote from: Rampion on February 08, 2014, 06:27:35 AM

Quote from: derpinheimer on February 07, 2014, 09:09:24 PM

If it goes below $300 I sell everything and invest in a different coin.

Please send me a PM then: I will buy all your coins.

You wily old fox. Haven't heard much from you lately.

Seems you've accepted the fact that $300 would be silly cheap now. Last time I remember you posting, you were waiting for $30 capitulation.

Don't let Shroomsie know you're here. Grin

cbeast

donator

Activity: 1736

Merit: 1006

Let's talk governance, lipstick, and pigs.

I had my moment of doubt once. It was a costly mistake. Never again. Bitcoin will never fail as long as there is greed in men's hearts.

Xer0

hero member

Activity: 826

Merit: 1000

°^°

100€ is where i bought

but dont care. its just 100€

DPoS

sr. member

Activity: 462

Merit: 250

you guys are doing it wrong.. spend your coins on 'stuff' & let coinbase/bitpay absorb the losses as it gets overspent.. then pick them back up 40% lower and repeat

you aren't spending bitcoins.. you are spending that andreesen dude's money

Mythul

sr. member

Activity: 644

Merit: 250

$100 for me.

medUSA

legendary

Activity: 952

Merit: 1003

--Signature Designs-- http://bit.ly/1Pjbx77

There is no definite "oh shit" price for me, it all depends on how fast it drops to that "oh shit" price
If I were to give it a real number...
Judging from the responses here, there is great support around $200-$300, so "oh shit" price would probably be $150

Topic: What is your personal "oh shit" price? (Read 3844 times)