Bitcoin Forum

Be warned! Just watch the charts -> decline is way faster then the uptrend was. Normally the crash is way slower then this!
Some exchanges are going to have liquidity problems. Let's unroll the big pyramide scheme  ;D

Sorry for all the pigs that bought over 100$ !

Never buy in a rally -> you lose more then you gain, if you don't know anything about profittaking -> buy and hold won't save you this time.

Thanks to all the bulls @ pigs for the nice profit. Going back to hibernation. Bear out.

Damn, double digits again? This sucks, man. Everyone told me we would be at least $5,000 by the end of this month.

hehe, waiting for double digits might leave you waiting a long time. forever maybe. i think we might crash another 65% from here though.

Yuk..yuk...yuk all I want for Christmas is double digits...

Yep. It's those bull's fault that Bitcoins will only be worth pennies.  ::)

I agree with you about the double digits. From my research and having been around bitcoin during the first bubble we will eventually see double digits before this is all over.


Don't look at this as bad, just don't expect such large gains so quickly. Bitcoin in January was $13 dollars, say bitcoin settles around $30-$50 dollars, that's a 300% gain.

Remember, there are millions of bitcoins around, and more being mined every day. The bitcoin market is very tiny and even less people willing to buy bitcoins. Most people who own bitcoin have paid very little for them.

It may be a bumpy ride to single digits but do not expect a quick peak like we had. It would be too easy for people to get rich as everyone is expecting that to happen. It will not happen because the big market players will lose to much money because everyone expects a bounce back to $1000.

...incoming weak hands!  ;D ;D ;D

I am going to make so much off of this panic...  ;D

No miner is ever going to sell below triple digits again. Dif is way to high, and you need to pay that hardware off.

Its just the panic sellers + the weekend dip.
Wait for Monday ...

On point, though i think your estimate is a little low. Around $125 is where i see it settling. People shelling out $1200 for bitcoins at this stage in the game is madness, bubble was so obvious.

double digits may be possible on, say, btc-e, if we have more bad news over the next couple of days... but the odds are low

Most I hate about those idiots calling themselves ''trolls'' that they don't know what trolling is and they show their idiocy to the public.

I enjoy watching people getting butthurt when they play the troll role.

This specific troll sat on a big dump. He lost lots of money and he's crying now, just to satisfy his ego.


PS: Bought 20 BTC @ price 645..  ::) ;D

i will bet you 10 btc escrowed there will be no double digits this year? you have any balls son?

Mirsad, you should accept this!
Maybe you can cover your loses by wining the 10 btc
 ;)

Not just this year, probably never. Only if a World War occurs, there's a possibility : )

I can see 50, but anything lower than $20 will stigmate bitcoin forever. You cannot go down to 20 from 1200 and then rise up again like a little flower in the rays of sunshine, smiling and waving your fragile leafs in the breeze, with multicolored butterflies around you.

You can't.

I'd say Bitcoin would be more valuable if such war occurs, but who knows..

Yeah, it would be valuable when half of the world would be without electricity and wouldn't be able to use the computer.
Not?

The next World War won't be like 1st and 2nd. It's gonna either be nuclear either is gonna be economical, cyber OR a combination of those.

btw the kind of bad news I was talking about would be something like btcchina getting hacked, some ugly bug on some popular bitcoin client, or more countries banning bitcoin as a currency..

I prefer the idea of WW3, makes more sense.

Illuminati dumping cryptos, they earned a sh!tload of fiat by playing us in their game. They building spaceships, cause ISON is coming toward us in mid January.

Imma write a book. I'll be selling it for BTC. :)

agree. the bubble is slowly to go down till new years. holiday seasons, rent, debt, profit gained is too much to get out while the market price is high. people will sell, till new years. then market setting will induce. i would sell now, consider buying back @ 200$ - 300$ range.

No. It's not.

It's been 46 hours since the crash started. Price has gone from (Bitstamp) $1,133 to $667. So, after 46 hours current price is about 59% of price at beginning of crash.

The April crash went from $266 to $50 in less than 36 hours. So, in less than 36 hours price fell to 19% of it's price at the beginning of the crash.

We won't see double digits unless Bitcoin fails, and I highly doubt that happening any time soon.

never buy into hype, and offcourse this was a bubble, don't believe most of the dribble on here, most people on here are pro bitcoin and emotions will get in the way of common sense when trading / giving predictions.

as for profit taking, well the early adopters if you didn't when it was over 1k, than your greedy and may come back to bite you.




As was for predicting highs and lows in this environment, well that's pointless.

 

its falling......... double digits doesnt = fail. or are you stupid ? worst YOUR A NON-BELIEVER !!
you sir are trash.

Best news I have heard for a long time! I am so late to the bitcoin party, now bitcoins and altcoins will be affordable if they dip to double digits :D! We all know that Bitcoin will do well in the long run, so no worries. I just hope there will be a few sellers available when it's there on the bottom..

I remember when bitcoin was around $3 per coin. I decided not to invest in some, which was a huge mistake and only heard about it again 3 years later on the news. Checked my old wallet and had 0.33 btc from a bit of mining I did for a few hours when it was launched lol. Perhaps i'll get to start again? Well, maybe not that low cost.

lol guys... if bitcoin were to drop to double digits, there would need to be some kind of terrible, critically damaging news or discovery regarding the protocol, and if such a thing happened, nobody would want them anymore. Even those of you salivating at the thought of cheap coins would look elsewhere with your money, most likely. We're all part of the market, and nobody is going to make stupid decisions for the hell of it.

If double digits come I'll be picking up a lot of bitcoin

You're*

The fact that you're a sheep and you panic doesn't mean everyone else should follow your fail steps and get in shit.

trash cant correct. trash... cant correct.

i think people miss the politics that joe biden was in china for a few days. notice this bitcoin dumps or bad news coming out as soon as he left. considering that the republic of china owns about 10 trillion dollars of US debt

(http://usgovinfo.about.com/od/moneymatters/ss/How-Much-US-Debt-Does-China-Own.htm).

 biden perhaps suggested that if china wants to see some return on that debt, there would be no reason to support bitcoin, which would damage the usage of the USD. which i would think would make sense. but would china make prolong the USD, further delaying its own country from having a stronger currency ?? china doesnt mind letting other play the part of leader, because they know they massive labor and population and infrastructure will win the war in economics. 

i would say bitcoin will fall. but will rise in the long run, post 2014, mid march, for stable rise. and the 1000$ climb mark wont happen til near year end of '14' if not longer. speculators and high volume investors will lose out, as holing bitcoin is opportunity-loss meets bill payments

Nov 19 was a larger correction, unless this goes well below 50% of the ATH double digits are nothing but wishful thinking

No you are trash. Not even here for 2 month and pointing fingers on people about being a non believer ? This very much reminds me of Nazi Germany, either you follow or you get killed. I wish you that you are going to lose all the money you have put into coins. And it looks like you have paid a high price. You will be surprised how deep this one will go.

Just wait for US to wake up and sell all their stashes, we'll see the first of a kind crash in Bitcoin's history

It is possible but I doubt it. around 50% price swings do happen. It will be interesting however if we get to, say 75% drop or more.
There will be a point where the general optimism for cheap coins swings over to skepticism because no one is confident about what value should be
With everyone waiting to see where the bottom is the value will take a fantastic plunge

who will win out, and who will lose out ??
do you think.

double digits would be very disheartening. i wouldnt be in the red. but i would be very discouraged about the future if we went that far below the 266 mark.

Long-term Bitcoiners were selling large quantities >$1000. Don't think they don't see the opportunity to double their bitcoins right now. I'm waiting for <$400, though I was happily pressing the "buy" button at $550 and again at $650.

Those winning are the ones that predicted this correction/crash at an early point.
The lower the value goes the less it makes sense to sell off hoping for an even lower value. It may work but at the same time you are kind of betting on a total crash so your selling could be considered an exit.
We now know that at least someone was willing to pay more than 1k usd for a single bitcoin. Unless this entire thing blows up and never recovers we will eventually reach that value again.

Anyone hoping for extremely low values wants a dirt cheap entry point. The question is if we do reach double digits will these people actually want to buy in?

why are people posting such bold statements yet unwilling to take a bet!

This crash goes well in hand with my favorite song:

https://www.youtube.com/watch?v=QGJuMBdaqIw

Are you guys seriously thinking of the possibility of reaching again double digits?  Is this btc-e trollbox?

These kind of threads never cease to amuse me...
It's like looking at doomsday prophets shitting all over themselfs, while you're watching with a bag of popcorn

Actually no true prophet should shit on themselves if they know the outcome. Just stand steady in the breeze, watching the same movie played in their minds before..

Mirsad is absolute moron mate, probably the biggest dickhead on this forum so nothing strange. He was busy cleaning toilets of rich Swiss people and heard about Bitcoin when it was 500$ already. He is predicting crash since then  ;D

He is such papak (the word I and Mirsad use for rednecks on Bosnian) that it's not funny but I still laugh  ;D

Double digits is highly improbable if you consider the pattern of all previous price cycles going back to 2011. Indeed anything below 500 would be surprising and an excellent buying opportunity

I'm an absolute believer. I have already built a business and am developing another business around the Bitcoin protocol. What have you done other than troll this board with poor grammar and thoughtless comments for a couple weeks?

Bitcoin won't see double digits again because too many people with deep pockets are understanding its capabilities. If it reaches double digits at this point, that would signal that there is a significant problem with an underlying principal and another alt currency corrects that problem. As I said, I highly doubt that happening any time soon. I highly doubt that happening ever due to the resiliency of the protocol and its stakeholders interest in self-preservation.

Because your bet is atrocious value for the other side. You win, you get 10BTC valued at 300-800 each, or whatever the price may be. They win, the maximum each BTC they win can be is $99.

If you want to make it legitimate, pick a monetary value, and have the loser pay out the equivalent of that value in BTC.

Merrill Lynch (Bank of America's Wealth Management Division) just issued a first assessment of Bitcoin in which they clearly miss the full concept of what the protocol is capable of and only analyze its value as a payment vehicle and store of wealth. Even their shortsighted analysis estimates BTC should be valued at $1,300 USD. They do mention that its value at over $1,000 is ahead of its time, but surely when one of the world's largest financial institutions sees its potential value should be $1,300, other investment firms are seeing the same. Do you really think they are going to try to let price drop to double digits before buying? Do you really think Second Market is going to sell their holdings at ~25% of what they paid for them?

Come on guys, think. Or just panic sell your coins to the people who do.

https://s3.amazonaws.com/s3.documentcloud.org/documents/885843/banks-research-report-on-bitcoin.pdf

The success of Bitcoin is not dependant on its value measured in fiat.
People are coding, developing, integrating into existing systems. This will determine bitcoins success or failure not a few corrections in an overheated excitable, and immature market.

is there a reason why OP didn't take my bet? or does he consider that his words are actually worth something.

I still hope, but only because Im greedy to buy some so cheap coins.
But realistically I doubt we will see double figures anymore

We invited some dumber quests from there for a little bearish circus amusement :) We also tried to find someone who believed bitcoins would be trading at single digits soon, but he ran off on a way from asylum.

poor grammar doesnt exist here on the internet. so if youre going to correct a [your to you're] you might as well correct the capitalization, fragment sentences, run on sentences, and seek a monotone; good luck.

back to coinage, those who heavily (deep pockets) invested in bitcoin could easily be supporters with cash or speculators looking to gain from the next bubble. but the idea of v.currency doesnt end with bitcoin's failure. nor does it mean bitcoin will end if it falls to double digits. which may still happen some day. but likely wont. but as more panic selling occurs a larger portion of bitcoin will fall in the hoarders pocket. there is a point where the market can suffocate due to greedy bogarting and the price, even without much exchanging, can still stay stagnant near 1000$. look at rent or property buying. the price is inflated even so in a failing market. im suggesting the failure of bitcoin can come with a high usd value. while YOURE misleading bitcoin double digits = failure.

btw, i havent invested in bitcoin, just admiring the technology + currency + idealism orgy soup. but i can be informative to a city. just getting what bitcoin is and can be. as of right now i see it as an ideal belief that is manifesting into a stock option. and currently it is a freight train that breaks on a dime.  

+1

I thought he was talking about mBTC, I was about to say, isn't it a bit early for mBTC to hit double digits?

define, coding, developing, integrating, and existing systems.

the market (people) is a code & a existing market.

DOES SOMEONE HAVE STATS ON HOW MUCH THE MARKET IS CONNECTED ?!

http://blogs.wsj.com/venturecapital/2013/10/23/flurry-of-bitcoin-venture-capital-deals-gives-way-to-quiet/

http://www.huffingtonpost.com/2013/05/31/bitcoin-venture-capital_n_3368035.html

dont forget, if WW3 occurs any time soon, the only reason can be the petro-dollars.

in a war about the dollars, the dollar will quickly lose value.

if the dollar loses value, so do all other fiat currencies (at least momentarily) because they are all backed by dollars for a large percentage.

if fiat loses value, bitcoin will gain value.

also, a global war about fiat will likely wake up at least some people. (altough many will believe government propaganda and will never learn, but that don't deserve bitcoin).

Hey noob.

Perhaps you should use a smiley when making a sarcastic post on a new forum. Otherwise some people might think you were being serious with that childish nonsense.

It was the "non-believer" part that clued me into the fact that you were being facetious. Non-believer in what? Chicken Little Bearism? LOL

Even in a sarcastic post like that though, calling someone else trash is going too far.

yeah, trash was a bit harsh. haha. apology given.

non-believer in decentralized currency supported and backed by a network of the world's population on the ideal that record keeping and legit value of a currency can function without .........., ..........., ............, .............., ............

bitcoin itself, i dont take too serious. like myspace and facebook, it will come and go. but the idea, like the internet, i fully support and has potential.

all you older savvy bitcoiners should relax on the noob calling. it isnt peoples fault it was in the dark for so long. gernalizing everyone who laugh at you dont believe in such a thing are not the = to the people who were out of the conversation.

Looks more like quadruple digits incoming to me  :P

At least you said that before 1000$. That's something i guess  ::)

First I thought this a thread from April :).
So , after a few days we have:
No exchangers with liquidity problems , actually more people sending money to them.
Pigs that bought over 100 are having a party!
The bear is going to hibernation and he will have a heart attack when he wakes up.

mBTC to hit double digits! EVERYONE PANIC BUY!

That would more likely trigger a panic sell:)
Lot's of people rushing to their closest car dealer and buying what they have dreamed for the last few years.:)

When do we officially get to laugh at the OP?  Double digits?  Seriously?

I laughed the whole back to 900+

He's just trolling.  Unfortunately, spreading FUD here actually does affect price.  Then again, only a moron would take panicky advice like his to heart, so maybe he's doing bitcoin a service in the long run by flushing out weak hands.

Probably in this forum full of kids an uneducated people ironic/sarcastic and troll tags are necessary.
Hmmm damn the same should apply to all "to the moon" threads or someone take them seriously.

BTW: Double Digits was yesterday! We will see single digits within 3 years. Sell now and take profits. If you bought over 1000$ check your mental status. Welcome aboard the failboat. Set sails to neverland.

Hey Mirsad, how much BTC do you own (ballpark)?

No, he is not trolling. He is just warning of the associated risks bitcoin is bringing. With everybody shouting "Choo Choo" or "to the Moon", we need people shouting out the risks. The market does have two directions my friend...

EDIT: and it would be very concerning if spreading FUD on this forum would have any influence in the bitcoin price. If it would it would be an additional reason to sell.

This was his original post:


This isn't a concerned person urging investors to exercise caution.  Rather, it's someone trying to cause panic.

Shouting "Double digits incoming!" to counteract the "Choo choo" posts makes about as much sense as screaming at an infant to make him stop crying.

And yes, the information posted here affects price.  I believe this forum being hacked helped contribute to the price drop Sunday before last.  No justification for pricing tends to make people assume the worst.

Again, Bitcoin was seriously broken if a single person could cause a panic by posting on this forum.

I said he tried to cause a panic, because you suggested he was "warning of the risks associated with bitcoin".  So disingenuous.  That's like arguing someone who yells "FIRE!" in a crowded building is just encouraging people to practice an orderly exit from the building in case there is a real fire some day.  Also, if you really think that the topics we're discussing have no effect on the world, then why even bother participating?  It would be no different than you just talking to yourself.

Oh come on of course it does not :) It's mostly dumbass trolls like Mirsad here, and some respected members who come here to have fun at their expense; noone would be insane enough to gather sentiment here or in btc-e trollbox :) Posts of substance are rare and hard to detect.

Haha, well on this we can agree :)

the public wont even start buying in until its over 10k

This is stupid. Tell this the people who bought an amount at 1000$. And when it drops to 1$? Hm, 3 years ago it was at 0.005$. So this would be still 600% per year  ::)

I wouldn't think that would have been a problem with bitcoin but with the people holding bitcoin.
And in this case we do already have a problem.
The so called bad news of china , everybody went selling and at a point all western exchanges were 70$ below btcchina , where the trouble were supposed to be.

Obviously, but this stage might never come