Quote from: rickadone on December 12, 2018, 03:32:20 PM

Quote from: basicnecromancycr on December 04, 2018, 10:07:18 PM

The market is full of pessimistic comments lately and most of the conversations include BTC price going under 3k. I really wonder at which point BTC investors give up and quit completely. What is your opinion about this? My thought about quitting never happened but if the price goes under four digits then I might be reconsidering.

For me its a thousand dollars. If bitcoin ever reaches a thousand dollars I will sell all my coins and just leave the bitcoin market for good, that is too much of a loss to keep going and I would rather make my income from something else. It would kill all my income and I wouldn't be capable of paying my bills if that happened. Even right now I am looking for a more "real" way to make money instead of keep working in bitcoin industry forever, if I am doing it at 3 thousand dollar or so, I will definitely move to that when it reaches a thousand dollars. However, I doubt it will ever reach that type of price again, even 3.5 thousand dollars was met with a shock and people bought up bitcoin (whales specially) because everyone believed this was a temporary deal.

The market of cryptocurrencies is not that really well developed so it can allow us to get stable profits out of it, when it comes to bitcoin it seems to be an all or nothing kind of deal, you either get huge profits or you lose it all and selling your coins for a low price seems to me like the fast way of becoming one of those that get huge losses.