When will bitcoin fall below 150$ | Bitcointalksearch.org

Bitobsessed

sr. member

Activity: 291

Merit: 250

Quote from: derpinheimer on October 22, 2013, 05:01:10 PM

Quote from: theonewhowaskazu on October 22, 2013, 04:30:40 PM

Quote from: 1Pakis on October 22, 2013, 02:26:58 PM

Quote from: notung on October 22, 2013, 01:56:32 PM

After this rally (currently around 200$), when do you think we will have again an opportunity to buy "cheap" bitcoins?

But they are cheap now. Try mining 1 BTC to see the costs and figure it out for yourself.

It costs more than 1 BTC to mine 1 BTC.

In order to profit from my last mining investment, I literally had to re-sell my miner JUST after I bought it and mined for a few days. If I had held onto it for even a couple more weeks, I likely would have lost. The fact that the system relies on other people buying your old equipment shows that it, in total, is unprofitable.

By this logic, buying or renovating a rental property is a terrible idea. Wrong.

The point being made here is that the price needs to go up to keep this thing alive. And it will. I do like the comparison of having rental property and being a miner. Just when everything is going smooth all hell breaks loose.

derpinheimer

legendary

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Quote from: theonewhowaskazu on October 22, 2013, 04:30:40 PM

Quote from: 1Pakis on October 22, 2013, 02:26:58 PM

Quote from: notung on October 22, 2013, 01:56:32 PM

After this rally (currently around 200$), when do you think we will have again an opportunity to buy "cheap" bitcoins?

But they are cheap now. Try mining 1 BTC to see the costs and figure it out for yourself.

It costs more than 1 BTC to mine 1 BTC.

In order to profit from my last mining investment, I literally had to re-sell my miner JUST after I bought it and mined for a few days. If I had held onto it for even a couple more weeks, I likely would have lost. The fact that the system relies on other people buying your old equipment shows that it, in total, is unprofitable.

By this logic, buying or renovating a rental property is a terrible idea. Wrong.

MAbtc

hero member

Activity: 826

Merit: 508

Quote from: MoreFun on October 22, 2013, 04:46:01 PM

Do you realize that it is only 18k BTC till $150? One whale selling and we are there. Roll Eyes

All we need is a catalyst. This rally has run up so fast on so little support. But it's exuberance all around! $1000 by tomorrow! 13,000 CNY by next week! Cheesy

lindeanin

full member

Activity: 161

Merit: 100

Quote from: 1Pakis on October 22, 2013, 02:26:58 PM

Quote from: notung on October 22, 2013, 01:56:32 PM

After this rally (currently around 200$), when do you think we will have again an opportunity to buy "cheap" bitcoins?

But they are cheap now. Try mining 1 BTC to see the costs and figure it out for yourself.

This, and with the amount of ASIC preorders, 200$ is still cheap

tinus42

hero member

Activity: 784

Merit: 501

Quote from: fleabag on October 22, 2013, 04:42:27 PM

when one of the major bitcoin exchanges goes out of business. which could be anytime.

Should Mt.Gox go out of business then the price will plummet.

MoreFun

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WePower.red

Do you realize that it is only 18k BTC till $150? One whale selling and we are there. Roll Eyes

fleabag

member

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when one of the major bitcoin exchanges goes out of business. which could be anytime.

nobbynobbynoob

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Annuit cœptis humanae libertas

I'm tempted to say never, but not confident enough just yet.

cryptoanarchist

legendary

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I hope it does. I'd LOVE to buy more at that price but I just don't see it happening.

theonewhowaskazu

sr. member

Activity: 448

Merit: 250

Quote from: 1Pakis on October 22, 2013, 02:26:58 PM

Quote from: notung on October 22, 2013, 01:56:32 PM

After this rally (currently around 200$), when do you think we will have again an opportunity to buy "cheap" bitcoins?

But they are cheap now. Try mining 1 BTC to see the costs and figure it out for yourself.

It costs more than 1 BTC to mine 1 BTC.

In order to profit from my last mining investment, I literally had to re-sell my miner JUST after I bought it and mined for a few days. If I had held onto it for even a couple more weeks, I likely would have lost. The fact that the system relies on other people buying your old equipment shows that it, in total, is unprofitable.

Newscastix

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Activity: 349

Merit: 250

Quote from: 1Pakis on October 22, 2013, 02:26:58 PM

Quote from: notung on October 22, 2013, 01:56:32 PM

After this rally (currently around 200$), when do you think we will have again an opportunity to buy "cheap" bitcoins?

But they are cheap now. Try mining 1 BTC to see the costs and figure it out for yourself.

+1

good answer..

mining is out of the question... if you factor in all the risks involved getting the mining equipment....

wasserman99

sr. member

Activity: 476

Merit: 250

question of "cheap" aside, i think we will see sub-$150 within a week or two as this fizzles out... sub-$100 may be out of the question now, though.

1Pakis

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Quote from: notung on October 22, 2013, 01:56:32 PM

After this rally (currently around 200$), when do you think we will have again an opportunity to buy "cheap" bitcoins?

But they are cheap now. Try mining 1 BTC to see the costs and figure it out for yourself.

Rival

hero member

Activity: 504

Merit: 502

Quote from: notung on October 22, 2013, 01:56:32 PM

After this rally (currently around 200$), when do you think we will have again an opportunity to buy "cheap" bitcoins?

There is no such thing as a cheap bitcoin any more than there is a cheap federal Reserve note.

nottorious91

newbie

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Nice poll to see the overall sentiment around here (paired with the topic about when it will hit 300)

notung

member

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After this rally (currently around 200$), when do you think we will have again an opportunity to buy "cheap" bitcoins?

Topic: When will bitcoin fall below 150$ (Read 1265 times)