Topic: Why are you all so worried ? - page 2. (Read 3191 times)
BTC could go to $0, not going to bet the farm at $900 per....
I'm worried because I saw just how closely price on all exchanges follows BTCchina, as if done algorithmically by bots, no matter what the order book looks like. If mtgox had a 20kBTC buy wall and BTCChina went down, then there would be a 20k sell.
We only recovered now because volume on BTCchina suddenly picked back up, I guess because some investors had to complete their ID verification. But this is not a good a reason for recovery. I would have preferred to see us recover WITHOUT China. Now we are still at the mercy of China. Say btcchina closes tomorrow , then it is back down the rabbit hole.
Its another mtgox.
We only recovered now because volume on BTCchina suddenly picked back up, I guess because some investors had to complete their ID verification. But this is not a good a reason for recovery. I would have preferred to see us recover WITHOUT China. Now we are still at the mercy of China. Say btcchina closes tomorrow , then it is back down the rabbit hole.
Its another mtgox.
I just tell all my friends to buy in with 100k.
Hmm damn.. why sounds this really much like any other pyramide scheme?
A 10k Bitcoin price is actually not sustainable -> it could be in the future, but we don't know yet.
Bitcoin could reach 1 Million Dollar, BUT someone has to pay for it.
You can create Millionaires with thin air. The kids who bought 10k coin for a total of under 100$ need to be paid when the price rises like before.
So we need more money, without money the price will stagnate or drop, if someone big decide to take profits. All the guys who bough between 0.01 and 1000$ can decide for themselves -> Wait and hold: Hope that newbies pay their share or Sell and get out with as much profit as possible and probably buy back at lower prices.
Bitcoin can't create new "wealth", it can only redistribute it. The strong take it from the weak hands. Bitcoin is now in the hand of greedy speculators, most buyers only want to increase their wealth, but not everybody can win. Who will be left holding the bag? I don't predict an epic crash this year, but at some time there will be a significant correction and a lot of money will be burnt -> same as every stock crash. Most buyers are going to lose and a few will profit!
Hmm damn.. why sounds this really much like any other pyramide scheme?
A 10k Bitcoin price is actually not sustainable -> it could be in the future, but we don't know yet.
Bitcoin could reach 1 Million Dollar, BUT someone has to pay for it.
You can create Millionaires with thin air. The kids who bought 10k coin for a total of under 100$ need to be paid when the price rises like before.
So we need more money, without money the price will stagnate or drop, if someone big decide to take profits. All the guys who bough between 0.01 and 1000$ can decide for themselves -> Wait and hold: Hope that newbies pay their share or Sell and get out with as much profit as possible and probably buy back at lower prices.
Bitcoin can't create new "wealth", it can only redistribute it. The strong take it from the weak hands. Bitcoin is now in the hand of greedy speculators, most buyers only want to increase their wealth, but not everybody can win. Who will be left holding the bag? I don't predict an epic crash this year, but at some time there will be a significant correction and a lot of money will be burnt -> same as every stock crash. Most buyers are going to lose and a few will profit!
Bitcoin can and does create new "wealth" because the technology itself has immense utility, and that utility expands with the growth of Bitcoin, reducing costs and creating new efficiencies in the economy, thereby creating value.
Bitcoin can't create new "wealth", it can only redistribute it. The strong take it from the weak hands. Bitcoin is now in the hand of greedy speculators, most buyers only want to increase their wealth, but not everybody can win. Who will be left holding the bag? I don't predict an epic crash this year, but at some time there will be a significant correction and a lot of money will be burnt -> same as every stock crash. Most buyers are going to lose and a few will profit!
Isn't this how all markets work, since, like forever?
Financial instruments don't create wealth either, they represent value and are a tool to distribute it among willing investors seeking profit. Bitcoin's valuation is representative of its potential and infrastructure behind it. It's both a currency and financial tool to speculate on its underlying value. Speculators are necessary for price discovery. Some are greedier than others.
If everyone cashed out Apple stock at the same time after learning iOS 8 steals your identity and takes out a mortgage in your name, you'd get the same effect. And yes it could happen with Bitcoin with the right "perfect storm" of catastrophic news--that's the risk we take. Until then, not all investors will seek to cash out simultaneously. It's the same way with insurance companies: Their business model is dependent on everyone NOT getting in a car accident at the same time
Wrong for so many reasons. You can't say we are, for a fact, in the early stages. There could be devastating news tomorrow (or even today) that essentially destroys all faith in bitcoin and bring prices crashing. In that case, it would essentially be the end.
I don't know if this is trolling or what, but to come in and say, matter of fact, that we are in the early stages and returns are guaranteed is at most just plain stupid or at very least irresponsible.
I don't know if this is trolling or what, but to come in and say, matter of fact, that we are in the early stages and returns are guaranteed is at most just plain stupid or at very least irresponsible.
No price is guaranteed, Bitcoin works well at $100 / BTC as well as $10,000 / BTC
Well, it's not like this is a pyramid scheme. It can have some value for people to have btc, especially, at this point, ones who want to do illegal things. For instance if there is demand then the price could climb very high, it's like the stock market where it "creates" wealth. But this is only if btc continues to have use and hopefully it becomes more mainstream and people cna use it for things. At some point it has to become less volatile for this to happen though. Who know what price that will be?
I just tell all my friends to buy in with 100k.
Hmm damn.. why sounds this really much like any other pyramide scheme?
A 10k Bitcoin price is actually not sustainable -> it could be in the future, but we don't know yet.
Bitcoin could reach 1 Million Dollar, BUT someone has to pay for it.
You can create Millionaires with thin air. The kids who bought 10k coin for a total of under 100$ need to be paid when the price rises like before.
So we need more money, without money the price will stagnate or drop, if someone big decide to take profits. All the guys who bough between 0.01 and 1000$ can decide for themselves -> Wait and hold: Hope that newbies pay their share or Sell and get out with as much profit as possible and probably buy back at lower prices.
Bitcoin can't create new "wealth", it can only redistribute it. The strong take it from the weak hands. Bitcoin is now in the hand of greedy speculators, most buyers only want to increase their wealth, but not everybody can win. Who will be left holding the bag? I don't predict an epic crash this year, but at some time there will be a significant correction and a lot of money will be burnt -> same as every stock crash. Most buyers are going to lose and a few will profit!
Hmm damn.. why sounds this really much like any other pyramide scheme?
A 10k Bitcoin price is actually not sustainable -> it could be in the future, but we don't know yet.
Bitcoin could reach 1 Million Dollar, BUT someone has to pay for it.
You can create Millionaires with thin air. The kids who bought 10k coin for a total of under 100$ need to be paid when the price rises like before.
So we need more money, without money the price will stagnate or drop, if someone big decide to take profits. All the guys who bough between 0.01 and 1000$ can decide for themselves -> Wait and hold: Hope that newbies pay their share or Sell and get out with as much profit as possible and probably buy back at lower prices.
Bitcoin can't create new "wealth", it can only redistribute it. The strong take it from the weak hands. Bitcoin is now in the hand of greedy speculators, most buyers only want to increase their wealth, but not everybody can win. Who will be left holding the bag? I don't predict an epic crash this year, but at some time there will be a significant correction and a lot of money will be burnt -> same as every stock crash. Most buyers are going to lose and a few will profit!
Thank you so much for this advice, I'm feeling generous too so you can join in this guaranteed profit. I'll invest 10k right now and give you 50% of all my profits, if we can make a contract that you will pay any losses if they occur.
The losses part is just a legal thing, it doesn't matter. It's guaranteed, right?
The losses part is just a legal thing, it doesn't matter. It's guaranteed, right?
Wow, 100% guaranteed performance within one year. I did not know this ! and 10.000 in just two years ? another 1000% amazing.
I offer you even 70% of my profits, as long as you will be accountable for the losses if they occur. Got USD 100.000 ready, please tell me when you are....
I offer you even 70% of my profits, as long as you will be accountable for the losses if they occur. Got USD 100.000 ready, please tell me when you are....
Very true and valid arguments
If only more folks would heed it..
If only more folks would heed it..
guaranteed
uh yeah
I like that. So just let's make a deal. I stick all my money into btc. If it makes profit, you get half of it. (so at least 50%). If it loses money, you pay me 100% of the losses back.-> so you can only win
how much are we talking about ? i´d consider such a bet, for real.
Offtopic: I was lately amazed when my friend asked me "Can I buy less than 1 bitcoin?". This surely is a problem as it seems that regular Joes think that the smallest unit of bitcoins is 1 and therefore will not rush to the buying frenzy any more. Let's be honest, for a regular Joe, 1000$ can be a decent amount of money.
Funny, because dollar has cents as well...
Unless some think about Bitcoin as a stock investment
if Bitcoin can achieve $1250 in such an EARLY stage you really think this is the end ?
+1
don't wait for the next crash, you will just end up being butthurt for not buying when it was cheap
Offtopic: I was lately amazed when my friend asked me "Can I buy less than 1 bitcoin?". This surely is a problem as it seems that regular Joes think that the smallest unit of bitcoins is 1 and therefore will not rush to the buying frenzy any more. Let's be honest, for a regular Joe, 1000$ can be a decent amount of money.
guaranteed
uh yeah
I like that. So just let's make a deal. I stick all my money into btc. If it makes profit, you get half of it. (so at least 50%). If it loses money, you pay me 100% of the losses back.-> so you can only win
I'm in also
guaranteed
uh yeah
I like that. So just let's make a deal. I stick all my money into btc. If it makes profit, you get half of it. (so at least 50%). If it loses money, you pay me 100% of the losses back.-> so you can only win
I noticed people are too nervous to buy in, volatile markets can cause widespread fear which the smart money use to capitalize on. Look at it this way, if Bitcoin can achieve $1250 in such an EARLY stage you really think this is the end ? This is just the start people and the fact Bitcoin is valued so highly is because there is really nothing left in this world to invest in, every other assets class is either too confusing, too overvalued or too manipulated. $10,000 is easily achievable in the next 2 years at this rate.
Whatever price you buy in at right now you are guaranteed a minimum of 100% Return within 1 year (v conservative estimate), what other investment provides you the same returns ? None !
Bitcoin is still EARLY stages, Think about it guys just look at other assets/stocks like gold, oil, real estate, agriculture, Google, apple etc etc people screamed bubble from day 1 of their booms but it took at least 6 - 12 years for those bubbles to burst ! Bitcoin barely started.
Take a deep breath, study the fundamentals you will realize how genius crypto currencies are and how lucky you are to be in so early and Buy in !
Whatever price you buy in at right now you are guaranteed a minimum of 100% Return within 1 year (v conservative estimate), what other investment provides you the same returns ? None !
Bitcoin is still EARLY stages, Think about it guys just look at other assets/stocks like gold, oil, real estate, agriculture, Google, apple etc etc people screamed bubble from day 1 of their booms but it took at least 6 - 12 years for those bubbles to burst ! Bitcoin barely started.
Take a deep breath, study the fundamentals you will realize how genius crypto currencies are and how lucky you are to be in so early and Buy in !
yep
I think people need to stop looking at the price and every little crash. If you think that BTC will be around for awhile then you need to look at the big picture. Yes, it looks nice seeing how much your BTCs are potentially worth in real money, but in the long run that won't matter.
Once I stopped being worried I started earning real money on btc
+1
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