Elwar
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September 14, 2015, 04:48:03 PM

Going to Hit 210$ this time..Just Hold on and watch the ditches...
I think it will be a good time to buy a 10x Bitcoins.

Not sure if we'll hit 210 but I fully agree that now is a great time to start buying more whilst the price is so low. Technically if you were to buy 10 now at these prices you should double your money as a result of the halving next year.

Buy & HODL people.
Technically that's a gross oversimplification of the math and processes involved. It will tighten supply, which could send the price up tenfold. Unless it disrupts the mining industry in such a way that it sends BTC plummeting.

This is where it all starts:

1. Many here think that demand for speculative asserts (e.g. BTC) is no different from demand for physical, consumable assets (e.g. oil, blow, etc., etc.two Latinses in a single parenthetical--smart!).  The two bear but the vaguest family resemblance.

2. Many don't grasp the fundamental difference between saving food (e.g. having full granaries) and saving money (e.g. having a mattress/piggy bank full of it). When money is "spent," it is not, unlike food or oil, destroyed.

Yeah, should be obvious to a child, but yet...

The key is velocity of each coin. If 14 million bitcoins are sitting in peoples' wallets not being used, then those last few bitcoins for trade will be highly sought after. If all bitcoins are in play on a daily basis then they will be easier to obtain and thus a lower price.