Post
Topic
Board Bitcoin Discussion
Re: At what pricepoint is bitcoin dead?
by
teukon
on 19/10/2011, 00:25:43 UTC
Shit, Bitcoin is dead, down to 2.3 dollars, jesus, what a waste of a cool system.

Funny, the farther the price goes down, the more excited I get.
And I just purchased a whole bunch.
And my optimism in Bitcoin has never been brighter.
The price needed to come down to be sustainable.
I have another order at $2
A much bigger order at $1.5
And all my bitcoin investing money goes in at $1.00

I don't know why but I get excited by this too.  The excitement is not unlike when Bitcoin went over $8/BTC and, unbelievably, kept climbing!

I question the logic of using the price points of $2/BTC, $1.5/BTC, and $1/BTC though.  I expect many people will have bids at these round rates.  Consequently it might be wise to use $2.01/BTC, $1.51/BTC, and $1.01/BTC (paying a tiny bit more to be at the front of the queue).

Best of luck to those of you that believe Bitcoin has a future and are willing to start buying coins.  I highly doubt we'll make it down to early adopter money (I bought most of my coins at $0.02-$0.04 and I still don't really feel like an early adopter).