Bitcoin Forum

Will BTC will 1000 dollars again? Will LTC claim back above 20 dollars again? Will the other early semi-successful coins PPC/NMC reach 10 dollars again?
Right now, hope fades away, slowly but safely...

IMO, the only way we can have a great rise again is if somehow the Chinese government drops all bans on Bitcoin and puts up regulations around it rather.

We are in the dispair phase. It will rise again but will take some time.

Currently all going not good and for back on these rats need time and its not fix its coming very quickly or late but they will back we need to be positive about this

despair phase will likely be tomorrow when nothing happens post auction and yet another round of sell offs begin as investors grow anxious over holding during the weekend. I hate to say it, but I think this is the most likely scenario tomorrow.

Ashes? LOL

We're currently at over half the ATH.

$1000 again? Of course. The only question is when.

Despair phase? Week or two after going up 40-50%. Some despair that.

wat.... if those coins don't hit the market(nothing happens)... the price would probably jump....

I think the price is gonna jump as it seems all the bidders are HODLers.

When you're expecting 30,000 BTC to hit the market and it doesn't.....  PANIC PANIC BUY BUY BUY PANIC

What ashes?

i dont know these "ashes" you speak of?

Troll fail, OP.

Only morons are expecting 30,000 BTC to hit the market because of the auction. We've only seen a decent correction recently after a 50% increase, and if there's no real bad news coming out there's no reason to think that the uptrend we've seen since 340 is over now. Things will start to look bearish again only if we break below $530 with volume, until that happens the near future is looking quite bright I think. :)

Well, 500dollars compared to 1200 doesn't look good, does it?
You get my point.

So you're comparing with an arbitrary point 7 months ago?

Why not compare to a year ago when it was under $100, 2 years ago when it was under $10, 3.5 tears ago when it was under $1, or 4 years ago when it was under a dime?

Or barely over 2 months ago when it was under $350?

Doesn't look bad, does it?

Back in June 2013, $70 compared to $266 didn't look good either.  Was bitcoin in ashes then?

Just sayin'...

late july ATH seems to be getting more and more elusive..

500? It hasn't been below 550 since 2 weeks ago when it went all the way down to 540.

1200? That was at Gox during its final flare-out when prices there were overinflated. It only reached 1100 on Stamp.

Your exaggeration is obvious. Are you trolling or just a deluded bear?

Or both?

http://i664.photobucket.com/albums/vv10/JimboToronto/Trollbear.jpg (http://s664.photobucket.com/user/JimboToronto/media/Trollbear.jpg.html)

LOL that troll bear is awesome. :D

Bitcoin should be considered resilient as it survive this long with many governments trying to shut it down.

As far as I am concerned, it already rise from the ashes.

I think we have seen the bottom at $400. Despite the silk road auctions, we found support at $560. We will know the results of the auction on monday. If news is favourable, we may see a rally back to the $800s. We have risen from the ashes, no question about it.

The only way someone would consider using anything remotely close to the term "ashes" to describe BTC ~$500 is if they had zero perspective or scope of the last 12 months, much less the last 2-5 years.

Seriously, we're more than 2x the previous ATH from 9 months ago.

True bitcoin bulls would not say we are in "despair phase"; they would say we are still in "smart money" phase.

First three posts I thought it is some sort of boring joke, then realized these guys are actually serious. Wow, this is funny :)


Ashes, indeed. In another topic, will gold rise from the ashes or it's also utterly useless now?

Must be some newbie trader or speculator...can't comprehend time frames larger than a fruit fly's reference range.

I still suspect troll. Even a total noob would have some clue about the long-term growth of Bitcoin.

The all time high is around 1200 usd per coin, right now the price is around 600 usd per coin.

I won't call 50% off all time high is fruit fly's reference range.

Its like when we were at 110 usd the past year, half of the ath, so we can expect a raise of 10x times this price if it happens the same way.

I certainly don't get your point. Are you sure you have one?

maybe BTC will rise from the ashes when it comes to the ashes  ;D

It valued from cents to 100's in five years, and survived the GOX and China ban drama. Don't call it ashes if you got bad timming and sold all your family and stuff to buy at the 1000's

If you think cca 600$ per bitcoin makes bitcoin in ashes, youre gonna have a bad time.
Price means not that much to bitcoin, as payments in and out of bitcoin have little to do with the bitcoin price itself.

Well, it doenst mean Bitcoin will be more successful than it has already been. The 1000dollar china was a dumb bubble, I don't think we will ever see btc at that price again because it doesnt seem like China will accept bitcoin.

Even after GOX fiasco, BTC is still at good price , I won't even call such thing as Bitcoin in ashes.

despair phase? wtf are you guys all paying falling to be your financial advisor or something? more like return to mean. were approaching the breakout point. as samuel l jackson said in jurassic park, hold onto yer butts

It's fun to see how a comment gets a good flow of reactions ;D

Just to explain my point, I believe we are somewhere between the despair phase and the return to mean.
A lot of people I talk to outside of this forum believe Bitcoin is done for or will not succeed.
Also we have had a few moments that we were at a good support and the bottom fell out again.

In my opinion it is safer to assume we are still in the despair phase (aka rock bottom).

I do not believe we are at "the" breakout point yet as stated by maker88. I do hope so but I think we will be seeing a bear trap in the first take-off.

As stated by Tera it is also a "smart money" phase since the price fluctuates in a relatively predictible pattern.


On a side note, I am a hodler with quite some coins to my name. I'm hodling for 10k to 100k bitcoins so I'm a long-term bull and a realist.

The ashes of thedarksun's reputation.  I know, there aren't any.

Why do people always feel uncomfortable unless they can put a simple tag on something? "smart money" or "despair" who the hell cares, these are tags from an artificial graph which can be used to describe some asset's pricecharts to three-year olds, but which is not applicable to bitcoin at all because it have never followed that particular pattern - instead, it continues it's growth without ever revisiting lower pre-rally levels, making this whole phase tagging irrelevant.

We are definitely in a bitcoin adoption phase, there's no tag for it yet because humanity never yet witnessed creation of new money coming from people, not from the ruling body. That's all I personally need to know about phases :) Everything else are minor fluctuations around straight exponential growth.

That is for Bitcoin was made isn't it ?

Soon or later it will and i also hope Doges reach at least $1/coin   :'( , that would be very nice news to me...

No


No


Yes

I've got $1000 that says BTC hits 1k again before 2020.

2020 is a long time , BTC will be over 1k by the end of this year .

approaching, not there. i think the real action will happen in the winter

Then you see why he likes his bet  8)

A little overly optimist on the future of bitcoin.

Don't forget all the investment in the past that change the world. The panama channel, radio, railroad, internet, housing, energy. Most companies during the boom year eventually went bust.

Bitcoin isn't a company, though.  It's more easily compared to the internet itself than an internet-based company.  That would be like Coinbase.

ashes.. really? btc = $0.01 would be ashes.

Problem is internet by itself has no price tag and doesn't make any profit.

and you cannot trade or speculate it. companies make profit by charging others to use the "network"...

I still think the internet analogy holds.  Bitcoin is a payment network so it is bigger than any one firm, while lots of firms went broke in automobiles, airplanes, etc, cars and planes are still with us.  So I think bitcoin continues though I worry about things like blockchain size and Ghash.io inhibiting long term success.

Also, the survival of the network does not mean each bitcoin has to cost 1000+ USD, though I think it will.

The ashes of the debt-based money system.

"Conan! What is best in life? "

"To crush your enemies, see them driven before you, and to hear the lamentation of their women."