What is your personal "oh shit" price?

xDan

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ヽ( ㅇㅅㅇ)ﾉ ~!!

Quote from: Ibian on February 09, 2014, 02:19:47 PM

Quote from: xDan on February 09, 2014, 01:42:37 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

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

pietje

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Quote from: nwbitcoin on February 09, 2014, 02:38:21 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

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₪``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

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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

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Quote from: xDan on February 09, 2014, 01:42:37 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

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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

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Quote from: Ibian on February 08, 2014, 11:03:26 PM

Quote from: KawalGrover on February 08, 2014, 10:58:30 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

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

Ibian

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Quote from: KawalGrover on February 08, 2014, 10:58:30 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

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

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

JimboToronto

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You're never too old to think young.

Quote from: klondike_bar on February 08, 2014, 02:30:41 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

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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

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You're never too old to think young.

Quote from: Rampion on February 08, 2014, 05:27:35 AM

Quote from: derpinheimer on February 07, 2014, 08:09:24 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

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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

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°^°

100€ is where i bought

but dont care. its just 100€

DPoS

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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

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$100 for me.

medUSA

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--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

fallinglantern

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I see we are nearing the "Capitulation" stage based on the thread subject...

teukon

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I guess about 3900 USD/BTC.

practicaldreamer

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Quote from: Nancarrow on February 08, 2014, 03:16:26 AM

IOW if I see the price is $50 tomorrow I'll hunt around and try to find out WHY. If it turns out someone's found a way to double-spend, or broken ecdsa, or the last twenty blocks in a row have all had a Merkle root spelling "LOLFAG" in ASCII, I'll sell toot sweet. If it's because MtGox has closed shop or someone's run off with online wallet funds or China's assassinated Gavin Andresen, I'll take advantage of the panic and buy, buy, buy.

That pretty much sums up my attitude also.

klondike_bar

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ASIC Wannabe

Quote from: GigaCoin on February 08, 2014, 01:24:52 PM

I bought my bitcoin investment stash in April 2013 so u can figure out when I start sweating Tongue

. Still hodling ever since.

Ive been buying on dips since november, and will buy more soon, however any new btc I buy goes for investments in other stocks or coins or for purchasing goods and services.

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

GigaCoin

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Giga

I bought my bitcoin investment stash in April 2013 so u can figure out when I start sweating Tongue

. Still hodling ever since.

Ive been buying on dips since november, and will buy more soon, however any new btc I buy goes for investments in other stocks or coins or for purchasing goods and services.

klondike_bar

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ASIC Wannabe

below $600 I may buy some more
below $400 I WILL buy more.

*assuming the drop is due to market jitters and weak hands, rather than major bad news

Rampion

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Quote from: derpinheimer on February 07, 2014, 08:09:24 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.

jake23l

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Quote from: JimboToronto on February 08, 2014, 03:52:44 AM

Quote from: Holliday on February 07, 2014, 11:05:28 PM

I've been saying, "Oh shit!" pretty much every day for a few years now.

+1000000

/thread

^^This. How many times have people thought it was the end? Strong hands win every time.

JimboToronto

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You're never too old to think young.

Quote from: Holliday on February 07, 2014, 11:05:28 PM

I've been saying, "Oh shit!" pretty much every day for a few years now.

+1000000

/thread

polarhei

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Firing it up

Personal Secret price? Before I subscribe cloudhashing services, I have estimated the price tag comparing with others.

Currently If Under than USD 70 per 1 BTC, there is problem.

disclaimer201

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Quote from: coinpharmer on February 07, 2014, 07:44:59 PM

if it goes under 100$ Im taking as big a loan as I can get to buy as many as I can. thats my oh shit reaction. if its sub 300 Ill be full btc but no debt.

If it goes under 300 you should take the loan. If it goes under 100, you should get all out. Bitcoin would not recover from 100 and be perceived dead for real. It would absolutely crush bitcoin confidence.

Nancarrow

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I don't have an "oh shit" price. Quite the contrary, the lower it goes the more urgently I'll try to find some spare GBP to buy more BTC.

What I do have is a (very mild) "oh shit" worry about the soundness of the bitcoin protocol. My confidence in Bitcoin is entirely based on what I've understood about the protocol (the mining, the validation, the consensus mechanism, the blockchain etc etc). If a fatal weakness gets discovered tomorrow I just hope I can cash out in time. Then again I've been following this for over two years now and every time I learn a bit more about the guts of Bitcoin, I'm more impressed.

IOW if I see the price is $50 tomorrow I'll hunt around and try to find out WHY. If it turns out someone's found a way to double-spend, or broken ecdsa, or the last twenty blocks in a row have all had a Merkle root spelling "LOLFAG" in ASCII, I'll sell toot sweet. If it's because MtGox has closed shop or someone's run off with online wallet funds or China's assassinated Gavin Andresen, I'll take advantage of the panic and buy, buy, buy.

indiemax

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Don't care how low it goes

what i put in ,I can afford to lose Grin

Be surprised it it went to 0 as too many who would buy the cheap coins,so will always have a value

Oh, and for the trolls,this ain't a ponzi,

a ponzi dies on the first crash, no exceptions

Bitcoin will lose value because of weak hands responding to Government pressure and media FUD not because it's a bad idea

chessnut

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Quote from: BitcoinBobbeh on February 07, 2014, 11:50:34 PM

I don't know what my "oh shit" level would be... lots of low projections on this post for whatever reason.

I would be shocked if the price went under $500 on this dip.

there's no knowing where it's going. - willy wonka
yeah there are just so many speculators and not enough commercials. the weight of a speculator crash could certainly bring it down to 350.

Honeypot

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0.000000001 USD.

BitcoinBobbeh

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I don't know what my "oh shit" level would be... lots of low projections on this post for whatever reason.

I would be shocked if the price went under $500 on this dip.

jakedeez

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ICO is evil

Quote from: adamstgBit on February 07, 2014, 11:08:48 PM

Quote from: Holliday on February 07, 2014, 11:05:28 PM

I've been saying, "Oh shit!" pretty much every day for a few years now.

+1

+2

geri

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I'm all or nothing.

Unless I urgently need cash in USD and the price is 1/10 of what I bought it for. Oh shit!

adamstgBit

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Trusted Bitcoiner

Quote from: Holliday on February 07, 2014, 11:05:28 PM

I've been saying, "Oh shit!" pretty much every day for a few years now.

+1

Holliday

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I've been saying, "Oh shit!" pretty much every day for a few years now.

porcupine87

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hm

No price. It depends if you think it will rise again or not. When there is a panic like "China forbides to use the word Bitcoin in public" and the price will go to 50$, this would be a dream. I would buy. If all OECD-states ban Bitcoin, this would be a "not so good". Fortunatelly there are more states in the world.

Elwar

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Viva Ut Vivas

Probably when it is at pennies.

I would buy the last coins for posterity.

chessnut

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goes below 150..... oh shit - when they be talkin about binary outcome....

ArticMine

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Monero Core Team

1260 BTC / USD while holding a short position.

Cyberlight

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1.000.000 "o shit, im rich"

derpinheimer

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

viriat0

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below $100 I'm buying!!

coinpharmer

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Quote from: MonadTran on February 07, 2014, 07:55:08 PM

Quote from: coinpharmer on February 07, 2014, 07:44:59 PM

if it goes under 100$ Im taking as big a loan as I can get to buy as many as I can. thats my oh shit reaction.

Yep. Something like that. Except for no loans, there's no way I would sell myself into slavery unless absolutely needed.

Id never go so far as to call taking a loan slavery, that sounds more like what I refer to a job as..

MatTheCat

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Quote from: Bit_Happy on February 07, 2014, 07:58:57 PM

All these Bear threads make it easy to see that BTC is going higher soon. Grin

In that case buy as much $700 BTC as you can before it is too late.

Bit_Happy

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A Great Time to Start Something!

All these Bear threads make it easy to see that BTC is going higher soon. Grin

cp1

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Stop using branwallets

If it goes below $200 I'm buying.

MonadTran

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Quote from: coinpharmer on February 07, 2014, 07:44:59 PM

if it goes under 100$ Im taking as big a loan as I can get to buy as many as I can. thats my oh shit reaction.

Yep. Something like that. Except for no loans, there's no way I would sell myself into slavery unless absolutely needed.

Bitcoin BEAR

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Quote from: hyphymikey on February 07, 2014, 07:35:43 PM

<266 oh shit (in a bad way) = loss of confidence among bitcoiners

You're wrong!
Loss of confidence by the HODLers who don't know how markets work, perhaps. Among people in the know? Not at all. Retraces happen every day. The retrace will be larger for a larger cycle. This may happen to be that larger cycle which has a corrective move back down to earth, but it doesn't mean Bitcoin is dead.
Those who lose confidence in Bitcoin because of an overlap of a previous ATH, are no better than the panic sellers who sell the bottom. "Weak hands" as many of them call it. And I say good riddance. Price doesn't have to go up to hold confidence. In fact, I distrust a market that continually rises without a corrective pattern.

coinpharmer

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if it goes under 100$ Im taking as big a loan as I can get to buy as many as I can. thats my oh shit reaction. if its sub 300 Ill be full btc but no debt.

hyphymikey

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<382 oh shit (in a good way) = buying spree

<266 oh shit (in a bad way) = loss of confidence among bitcoiners

c0ldfusi0nz

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$100 is a big psychological breaking point now.

TERA

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I'd start getting nervous if i saw $800 again.

jakedeez

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ICO is evil

Bitches! $1 lower then here is my oh shit level! #honest

traderCJ

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All depends on where you got in. Would be interesting to study the psychology of trading and see where your typical investor/trader sets their stop losses.

bassclef

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Probably sub $100. And I'd be buying all the way down.

HairyMaclairy

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Degenerate bull hatter & Bitcoin monotheist

If it gets below previous low of $382 on Bitstamp then things are starting to get interesting. I have decided not to add more fiat but if that happens I may reconsider dipping into savings and aggressively buy in.

cryptoanarchist

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Quote from: Ibian on February 07, 2014, 07:11:13 PM

Nothing. Literally. It's all or nothing for me.

The statists/fed agents/trolls/bears all are into speculation and don't realize how many people use bitcoin to use bitcoin and don't care what price it is.

Dalmar

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Life is short, practice empathy in your life

30
Because I bought my first coins at that price.

Hyena

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sub 10$ prices. because that's the last time I bought bitcoins Cheesy

never sold

Ibian

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Nothing. Literally. It's all or nothing for me.

gentlemand

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Welt Am Draht

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.

Topic: What is your personal "oh shit" price? (Read 3937 times)