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Topic: What will you do if bitcoin price fall down to $100 ? - page 2. (Read 8484 times)

member
Activity: 108
Merit: 10
I'll be waiting for cheaper bitcoins and really low cost per transaction Grin
full member
Activity: 126
Merit: 100
You guys lost credibility calling bitcoin a good buy at 900... You took another chance calling the bottom at 850,800,700,600,500,400....... Now it is just annoying and ridiculous
hero member
Activity: 658
Merit: 500
I think polls like this are flawed. Every bitcoin fan thinks they would buy buy buy if the price gets to 100. And perhaps if it is manipulated in some fashion it could. But sentiment would be absolutely at rock bottom and most people would be too afraid to act.

Now it is far more likely that we retest a low 3xx number, that is when most people will buy, and the reason why I think we will never get anywhere near 100 Smiley

Not me, I've been schooled the hard way. I sat and watched Bitcoin hover at $2 for a long time and never pulled the trigger at buying but I did keep mining (thank God). Looking back I wish I had just invested $5k and I won't make that mistake again. I'll buy with everything I've got if it ever drops below $100 again.
That may or may not be a good idea. The price of bitcoin has increased tremendously over the past several years, but there is no guarantee that will continue.

I would not say that you "got schooled" just because you did not buy thousands of bitcoin when the price was low. You were still able to mine when the difficulty was very low and likely earned some amount of bitcoin that made you a decent amount of money.

Plus you have promised that you will never do business with this account Wink

Oh, I wouldn't buy them on here. That's what Localbitcoins is for. As a long term hold, I don't see how btc can't keep increasing in price. Everything else from bread to real estate increases in price over time. Bitcoin isn't going anywhere. If I'm not the benefactor of a drastic increase in price my kids will be.
The you can't buy them on here comment was kind of a joke.

I think on a NPV measurement, bitcoin is a good buy at sub 100 (or at 350) however it is not a guarantee that bitcoin will succeed over the long term. A major threat to bitcoin is that some competing altcoin overtakes bitcoin in terms of usage/value/adoption - if this does happen it would likely be because someone comes up with some new algo like PoS (except not a piece of shit, and actually better then PoW).

Another thing that bitcoin depends on is the continued advancement and continued development of technology, especially in the developing world. As it stands now it would not be technologically feasible to use bitcoin on a large scale in most 3rd world countries as it would be too easy to launch double spend and MITM attacks against people receiving bitcoin
hero member
Activity: 518
Merit: 500
there's only one thing to do: SUICIDE

I bet my whole life on bitcoin.

If it crashes, I am already dead.

He bet his whole life which is why he stole 80k worth of bitcoins.
hero member
Activity: 700
Merit: 501
BTC @ 100 USD? WTF!


This. I hope it goes to 1, so I can buy 1 million  Grin
member
Activity: 97
Merit: 10
I have some money prepared for case it falls down to 200$, I have some prepared for 100$. Without going crazy, though.
legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
I think polls like this are flawed. Every bitcoin fan thinks they would buy buy buy if the price gets to 100. And perhaps if it is manipulated in some fashion it could. But sentiment would be absolutely at rock bottom and most people would be too afraid to act.

Now it is far more likely that we retest a low 3xx number, that is when most people will buy, and the reason why I think we will never get anywhere near 100 Smiley

Not me, I've been schooled the hard way. I sat and watched Bitcoin hover at $2 for a long time and never pulled the trigger at buying but I did keep mining (thank God). Looking back I wish I had just invested $5k and I won't make that mistake again. I'll buy with everything I've got if it ever drops below $100 again.
That may or may not be a good idea. The price of bitcoin has increased tremendously over the past several years, but there is no guarantee that will continue.

I would not say that you "got schooled" just because you did not buy thousands of bitcoin when the price was low. You were still able to mine when the difficulty was very low and likely earned some amount of bitcoin that made you a decent amount of money.

Plus you have promised that you will never do business with this account Wink

Oh, I wouldn't buy them on here. That's what Localbitcoins is for. As a long term hold, I don't see how btc can't keep increasing in price. Everything else from bread to real estate increases in price over time. Bitcoin isn't going anywhere. If I'm not the benefactor of a drastic increase in price my kids will be.
hero member
Activity: 658
Merit: 500
I think polls like this are flawed. Every bitcoin fan thinks they would buy buy buy if the price gets to 100. And perhaps if it is manipulated in some fashion it could. But sentiment would be absolutely at rock bottom and most people would be too afraid to act.

Now it is far more likely that we retest a low 3xx number, that is when most people will buy, and the reason why I think we will never get anywhere near 100 Smiley

Not me, I've been schooled the hard way. I sat and watched Bitcoin hover at $2 for a long time and never pulled the trigger at buying but I did keep mining (thank God). Looking back I wish I had just invested $5k and I won't make that mistake again. I'll buy with everything I've got if it ever drops below $100 again.
That may or may not be a good idea. The price of bitcoin has increased tremendously over the past several years, but there is no guarantee that will continue.

I would not say that you "got schooled" just because you did not buy thousands of bitcoin when the price was low. You were still able to mine when the difficulty was very low and likely earned some amount of bitcoin that made you a decent amount of money.

Plus you have promised that you will never do business with this account Wink
legendary
Activity: 2744
Merit: 1288
I would watch a movie.
legendary
Activity: 1680
Merit: 1205
BTC @ 100 USD? WTF!

hero member
Activity: 490
Merit: 500
I think polls like this are flawed. Every bitcoin fan thinks they would buy buy buy if the price gets to 100. And perhaps if it is manipulated in some fashion it could. But sentiment would be absolutely at rock bottom and most people would be too afraid to act.

Now it is far more likely that we retest a low 3xx number, that is when most people will buy, and the reason why I think we will never get anywhere near 100 Smiley

Not me, I've been schooled the hard way. I sat and watched Bitcoin hover at $2 for a long time and never pulled the trigger at buying but I did keep mining (thank God). Looking back I wish I had just invested $5k and I won't make that mistake again. I'll buy with everything I've got if it ever drops below $100 again.

Thats what you call Gamblers fallacy Smiley It would still be hard to predict where it would be next.

No matter where it goes, I don't think $100 is a long term stable level.
$100 would be the time to buy.

Yep, at least the first time it hit 100 it would surely rebound.
hero member
Activity: 675
Merit: 500
I think polls like this are flawed. Every bitcoin fan thinks they would buy buy buy if the price gets to 100. And perhaps if it is manipulated in some fashion it could. But sentiment would be absolutely at rock bottom and most people would be too afraid to act.

Now it is far more likely that we retest a low 3xx number, that is when most people will buy, and the reason why I think we will never get anywhere near 100 Smiley

Not me, I've been schooled the hard way. I sat and watched Bitcoin hover at $2 for a long time and never pulled the trigger at buying but I did keep mining (thank God). Looking back I wish I had just invested $5k and I won't make that mistake again. I'll buy with everything I've got if it ever drops below $100 again.

Thats what you call Gamblers fallacy Smiley It would still be hard to predict where it would be next.

No matter where it goes, I don't think $100 is a long term stable level.
$100 would be the time to buy.
legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
I think polls like this are flawed. Every bitcoin fan thinks they would buy buy buy if the price gets to 100. And perhaps if it is manipulated in some fashion it could. But sentiment would be absolutely at rock bottom and most people would be too afraid to act.

Now it is far more likely that we retest a low 3xx number, that is when most people will buy, and the reason why I think we will never get anywhere near 100 Smiley

Not me, I've been schooled the hard way. I sat and watched Bitcoin hover at $2 for a long time and never pulled the trigger at buying but I did keep mining (thank God). Looking back I wish I had just invested $5k and I won't make that mistake again. I'll buy with everything I've got if it ever drops below $100 again.
legendary
Activity: 1176
Merit: 1000
I think polls like this are flawed. Every bitcoin fan thinks they would buy buy buy if the price gets to 100. And perhaps if it is manipulated in some fashion it could. But sentiment would be absolutely at rock bottom and most people would be too afraid to act.

Now it is far more likely that we retest a low 3xx number, that is when most people will buy, and the reason why I think we will never get anywhere near 100 Smiley
hero member
Activity: 910
Merit: 1000
Buy as much as possible. I wont touch my savings but any salary or extra income will go into buying more.
I would do the same. Was going to do the same when it last went to 275 as well, but was on a vacation then .
full member
Activity: 154
Merit: 100
playing pasta and eating mandolinos
there's only one thing to do: SUICIDE
I bet my whole life on bitcoin.
If it crashes, I am already dead.

Bullshit. You start over again instead.
legendary
Activity: 1106
Merit: 1000
Buy as much as possible. I wont touch my savings but any salary or extra income will go into buying more.
newbie
Activity: 56
Merit: 0
drink couple of beers and buy couple of bitcoins  Grin
sr. member
Activity: 378
Merit: 250
there's only one thing to do: SUICIDE

I bet my whole life on bitcoin.

If it crashes, I am already dead.
you want to say that all your money are bitcoins? thats not a really good idea
sr. member
Activity: 252
Merit: 250
Buy a lot amount of bitcoin

I hope that does not happen ... and if it happens, I hope it returns the value (+or- $350,00)after a few weeks.

not know much about economics, so I have these thoughts  unlikely.
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