Topic: Why is bitcoin creeping up again. (Read 2428 times)
Well there's that and then there the ever growing % of the other 7 billion humans that have never mined a day, but are finding out about bitcoin.
I think this mostly comes from the diminishing hope of getting coins from investing in mining rigs
Every time after the price rocketed, the mining profitability will improve a lot, and many investors will put their money into mining rigs. That's the reason price advance will always stop to wait for difficulty to catch up. But now there is no hope to get any reasonable amount of bitcoin from those mining rig investments, so those investors are turning back to exchanges
Every time after the price rocketed, the mining profitability will improve a lot, and many investors will put their money into mining rigs. That's the reason price advance will always stop to wait for difficulty to catch up. But now there is no hope to get any reasonable amount of bitcoin from those mining rig investments, so those investors are turning back to exchanges
Ugh. Reminds me of the 1960s-70s. Who in their right mind would want to live in buildings like that? Please don't tell me that horrible urban blight was built in the last 25 years. Yuck.
Whats wrong with them? New, clean buildings built on higher standards than the older ones?
I think it has a lot to do with advanced planning for the large migration associated with the urbanization of China. People tend to call out the ghost towns and things as wasteful and mock it, but it's a lot more planning than can be found elsewhere.
Maybe we can blame the creep on the urbanization??
Ugh. Reminds me of the 1960s-70s. Who in their right mind would want to live in buildings like that? Please don't tell me that horrible urban blight was built in the last 25 years. Yuck.
Whats wrong with them? New, clean buildings built on higher standards than the older ones?
I bought thinking they would keep going up but woops!
This is why I am bothered by the "it's always a good time to buy bitcoin" attitude around here. It takes a long term perspective that new investors simply don't have, by and large.
Why do you assume that new investors don't have a long term perspective?
But they don't have a short term perspective either otherwise they wouldn't enter now.
Am I never going to be able to buy a couple more for below £30?
Don't worry, it's a matter of hours before you can buy BTCs for dirt cheap again.Will I be able to buy them for £3 again? I remember those days.
Only if you can mine them with a GPU again. Not much chance of that.
I bought thinking they would keep going up but woops!
This is why I am bothered by the "it's always a good time to buy bitcoin" attitude around here. It takes a long term perspective that new investors simply don't have, by and large.
Why do you assume that new investors don't have a long term perspective?
Ugh. Reminds me of the 1960s-70s. Who in their right mind would want to live in buildings like that? Please don't tell me that horrible urban blight was built in the last 25 years. Yuck.
I heard that someone in china just sold his apartment and bought 2000+ coins last month, and he is already 30%+ now
If you know how much excessive apartments are there in china...
Just imagine that each apartment on this photo equals to a 2000 coins buy order, it will clear all the sell orders on all the exchanges in no time
They look grim If you know how much excessive apartments are there in china...
Just imagine that each apartment on this photo equals to a 2000 coins buy order, it will clear all the sell orders on all the exchanges in no time
I watched some documentary on youtube, forget which now, and it had streets and streets of these tower blocks, really grim. None of the chinese want to move into them, but I forgot why.
I heard that someone in china just sold his apartment and bought 2000+ coins last month, and he is already 30%+ now
If you know how many excessive apartments there are in china...
Just imagine that each apartment on this photo equals to a 2000 coins buy order, it will clear all the sell orders on all the exchanges in no time
If you know how many excessive apartments there are in china...
Just imagine that each apartment on this photo equals to a 2000 coins buy order, it will clear all the sell orders on all the exchanges in no time
I bought thinking they would keep going up but woops!
This is why I am bothered by the "it's always a good time to buy bitcoin" attitude around here. It takes a long term perspective that new investors simply don't have, by and large.
Why do you assume that new investors don't have a long term perspective?
I bought thinking they would keep going up but woops!
This is why I am bothered by the "it's always a good time to buy bitcoin" attitude around here. It takes a long term perspective that new investors simply don't have, by and large.
I bought thinking they would keep going up but woops!
This is why I am bothered by the "it's always a good time to buy bitcoin" attitude around here. It takes a long term perspective that new investors simply don't have, by and large.
Best bet is to just sit tight and hold, if you have cash sat in a savings account earning 0.5% interest per year then I think its worth a punt putting some into BTC. Whilst it has ups and downs the overall trend has been up, sure it might drop as soon as you buy, but 6 months later you may be up 25% and that's better than anything else at the moment.
My girlfriend was in a similar situation to you, she put £1000 into bitcoins near the last peak and then they plummeted, she recently made her money back with a little profit so still worked out better than leaving it in a regular savings account even if it did look bleak at first.
My girlfriend was in a similar situation to you, she put £1000 into bitcoins near the last peak and then they plummeted, she recently made her money back with a little profit so still worked out better than leaving it in a regular savings account even if it did look bleak at first.
I bought two btc's in March at a loss, £130 ish, and more or less accepted the loss and put it down to experience.
I decided that when they next go right down, i.e. below £30, that I would buy another couple and of course, at that price, I would be prepared to lose the money.
Instead, to my dissappointment, i am finding that they have been creeping steadily up from £80-ish to over £120 now.
I decided that when they next go right down, i.e. below £30, that I would buy another couple and of course, at that price, I would be prepared to lose the money.
Instead, to my dissappointment, i am finding that they have been creeping steadily up from £80-ish to over £120 now.
It shows how panic selling is bad and just making the traders rich
Still, the way things are going, I may not have lost my money afterall, but I am not holding my breath cos of the unpredictability.
I bought two btc's in March at a loss, £130 ish, and more or less accepted the loss and put it down to experience.
I decided that when they next go right down, i.e. below £30, that I would buy another couple and of course, at that price, I would be prepared to lose the money.
Instead, to my dissappointment, i am finding that they have been creeping steadily up from £80-ish to over £120 now.
I decided that when they next go right down, i.e. below £30, that I would buy another couple and of course, at that price, I would be prepared to lose the money.
Instead, to my dissappointment, i am finding that they have been creeping steadily up from £80-ish to over £120 now.
It shows how panic selling is bad and just making the traders rich
Thanks for pointing me towards the Chinese thing.
It may be their bedtime, but it's the US's daytime now.
It may be their bedtime, but it's the US's daytime now.
Hehe, yeah I wouldn't exactly call this "creeping up", especially looking at BTCChina, for instance. Straight up parabolic. I wouldn't hold my breath for sub-£30 coins, but it's possible.
LOL "creeping up."
Bitcoin creeps about as well as my two-year-old. Perhaps when it actually hits the ceiling you might be able to scoop it up off the floor before it bounces back up and starts running again.
Bitcoin creeps about as well as my two-year-old. Perhaps when it actually hits the ceiling you might be able to scoop it up off the floor before it bounces back up and starts running again.
Its unlikely, but not impossible IMHO that you can ever buy at below £30. But you could wait forever to see.
No one can say for sure if they will continue to rise; or dip and rise, or just crash and burn.
Best advice is as always invest what you can afford to lose, be it £1 or £1 million pounds, its relative to your situation.
We are all in the same boat don't worry.
Now you have to ask yourself "Do you feel lucky Punk?"
(Quote from http://www.youtube.com/watch?v=8Xjr2hnOHiM for the younger ones.)
No one can say for sure if they will continue to rise; or dip and rise, or just crash and burn.
Best advice is as always invest what you can afford to lose, be it £1 or £1 million pounds, its relative to your situation.
We are all in the same boat don't worry.
Now you have to ask yourself "Do you feel lucky Punk?"
(Quote from http://www.youtube.com/watch?v=8Xjr2hnOHiM for the younger ones.)
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