Quote from: giveBTCpls on November 27, 2013, 10:24:36 PM

Quote from: waveaddict on November 27, 2013, 08:48:51 PM

Quote from: wopwop on November 27, 2013, 04:48:42 PM

Bitcoin doesn't go down in price over longterm, this is a fact. With this fact I can deduce that it will never go longterm below $1000 anymore. It's simple really.

So, you are making a sweeping assumption from three years of data? Have you ever heard of market cycles?

Bitcoin is, by far, one of the riskiest investment that you can make right now. The mere thought of taking out a loan to buy it is on par, if not worse, than the mindset of those who bought stocks on heavy margin during the 1920s. What could go wrong?

This type of logic boggles my mind. I hear it all the time from ads claiming PMs are a good investment because they have been going up for 10 years. It's simple really. Wink

Funny how these ads came out right before silver took a 60%+ haircut.

What would you do if bitcoin collapsed to 100, 50, or, dare I say, sub-50 before possibly continuing higher again? To believe that a haircut of this magnitude isn't possible, if not probable, is truly irrational.

Wait, sub 50? Can you actually owe money if you invest on bitcoins? That's ridiculous. It's a exchange market, you buy from a person, that person sold you the BTCs at market price on that time, if it ever goes to 0, then you lose all, but how in hell is it going to go sub 0? who would you owe that money to in any case

In this context, sub-50 means below 50 ... not -50