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Why you should buy more Bitcoin

Discussion in 'CryptoCurrency' started by Satoshi Nakamoto, Apr 10, 2016.

  1. Satoshi Nakamoto

    Satoshi Nakamoto Newbie

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    Why you shouldn't invest on Ethereum ?

    For those who think Ethereum will take over , I say It won't .
    Ethereum price is increasing without a certain reason honestly , It's just pure manipulation . In the past 24 hours the price decreased 10% according to CoinMarketCap

    Bitcoin in the other hand exists since 7 years , used by thousands if not millions of people worldwide and accepted by several online shops.


    Why you should buy more Bitcoin ?

    Bitcoin price like gold,oil and other crypto currencies is based on supply-demand . Each 4 years block reward gets halved which means less supply .

    In 76 days (estimated) , Miners will start to get 12.5 BTC instead of 25 BTC (now) which means :

    Less supply + same demand/more demand = Price increase .

    It's really recommended to start buying now instead of regretting later .
     
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  2. cruguy

    cruguy BANNED BANNED

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    So are you Satoshi Nakamoto?
     
  3. dodoboy

    dodoboy Registered Member

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    no , i will not buy it
    it will be like egold
     
  4. jmjr1782

    jmjr1782 Registered Member

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    Supply and demand can also be applied to my wife! I supply - She demands. LOL
     
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  5. cruguy

    cruguy BANNED BANNED

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    Lol, what do you supply her?
     
  6. Satoshi Nakamoto

    Satoshi Nakamoto Newbie

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    I'm just sharing my point of view and giving my opinion honestly , each one is free to do what he want to . :D
     
  7. JasonS

    JasonS Jr. VIP Jr. VIP

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  8. danger12

    danger12 Newbie

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    Yeah I am buying BTCs I know their prices are going to increase soon
     
  9. anthonynash

    anthonynash Newbie

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    bitcoin is the best e-currencies for now. and im close my paypal account and choos bitcoin as payment. also btc is good for investment while buying at the low price and keep until price going up
     
  10. bogey

    bogey Newbie

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    your point of view is good. You are right, with difference between bitcoin and ether, for the moment. We have to wait for the next actions of the people behind scene. This people are also banks.
     
  11. CashMoneyMantra

    CashMoneyMantra Registered Member

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    It's important to remember though that bitcoin has gone through this several times itself, and it doesn't change the fact that if it increases by 50%, you can sell it then for a 50% profit. Bitcoin would be better as a longer term investment, but if you're able to keep a close eye on ETH you could happily ride the wave and set up an RSS feed to hopefully be informed of any bubble popping. Bitcoin has increased by insane amounts in a short space of time in the past when it was new and ETH is more likely to go through this phase than BTC is to, the reasons you make for BTC being a good investment, stability, is also a good argument for what makes ETH a good flip, volatility and a speculative bubble.

    It's not what it's worth, it's what someone's willing to pay for it. I remember someone remortgaging their house on BTC when it hit £1000 because of the rate it was increasing, and even as a teenager I could see that this was a stupid move made by someone from a generation where they were throwing houses at people. It popped over the next few days. I think ETH can continue to fall more but once it starts to plateau it could be worth an investment. If I wasn't broke right now I would go in for $6.

    Not been following ETH at all, but what some people are saying sounds very reminiscent of the start of BTC, rather than doge and litecoin. Just looking at the graphs now, if you've got the bottle to hold onto it during a dip for a while it could be worth the $8 it's at, it's gone from $14 to $8 in a month but it went to $14 from $4 in a month. If it goes from $8 to $20 by next month you may be kicking yourself over that couple of dollar difference, but if it goes back to $4 at least you would have only lost a third rather than half.

    It should be noted that if you have a good blackhat marketing setup and a load of spare cash, you can buy thousands and thousands of dollars of these and start pumping the hell out of it, as it's not covered by the SEC and is only breaking the ToS of the sites you promote it on, whereas doing this with stocks is outright illegal. You'll want to accumulate before doing this, keeping hype to a minimum and trying to buy up as many as possible at a low price, maybe even using a little bit of your influence to trash talk it. Once you're spent up shift direction and make it out like it's the new sex.
     
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  12. glorydope9

    glorydope9 Newbie

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    Indeed people besides scenes are banks so
     
  13. assadok

    assadok Newbie

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    i dont quite follow this ...can someone clarify?
     
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  14. Satoshi Nakamoto

    Satoshi Nakamoto Newbie

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    What you didn't understand exactly ?
    Ever wondered from where Bitcoin comes from ? well It's coming from "Miners" ,Bitcoins are created each time a user discovers a new block and once he discover a new Block he gets the Bitcoins as reward which is now "25 BTC" and It's going to be "12.5 BTC" In July (Estimated time) which means "Less supply" .

    and As I mentioned , Bitcoin price is based on supply & demand so having less supply with more or same demand will simply push the price .
     
  15. Cushy Prisons In USA

    Cushy Prisons In USA Registered Member

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    If the economy crashes so does bitcoin
     
  16. ronaldo324

    ronaldo324 Newbie

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    to me ripple has potential to take off
     
  17. Satoshi Nakamoto

    Satoshi Nakamoto Newbie

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    In my opinion , Ripple defeats the whole purpose of using Crypto currencies on the first place because they are centralzied. It won't make much difference from using Fiat that governments control .
     
  18. toceng

    toceng Newbie

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    what is ripple ?
     
  19. june007

    june007 BANNED BANNED

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    No trace for illegal money!!! like porn which my country won t allow.
     
  20. VEHER

    VEHER Registered Member

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    Bitcoin 100% long term holder here =] GoGo!