Bitcoin Forum

Bitcoin is dropping again! What is happening?  ??? ???

Hooray!

More cheap bitcoins for me.

 ;D

How much do you have invested? And at what price?

Not invested. I am holding it until maybe dec or early 2015 I think. I just want it to reach $600 so that I could sell.

How much do you have sir?

Bitcoin is a long time game&business. Its too new to accept it quickly.

We need time.

More than 0.0001 BTC.

Less than 1,000,000 BTC.

Not sure why anything more accurate or exact than that is any of your business.  ;)

Since i discovered bitcoin, it went from $230, to $1200, and back to $460. Bitcoin is being used all over the world, and it is impossible to get a grasp as to why it is rising or dropping on any given day. All you can do is buy some with money that you can afford to lose, stick the paper wallet in your "safe place" and forget about it.

If you tend to use it for buying and selling things well then just buy the bitcoin right before you make your purchase. This will eliminate the risk you take by holding...

i read threads like this and immediately think the price must have dropped 10-90%...

.. i then find out it has only dropped 2%

will you bunch of panicking noobs please stop shouting about price drops every time it moves a fraction.

When you see a thread like this, flag as speculation and move on. Fastest way to get rid of it.

Why $600? Do you think that the fair market-cap of bitcoin is ~$7.8B? Why?

Seems to me the market-cap will converge toward $0 or >$100B.

our associates are converting 40k btc to fiat the coming days, so its to be expected to drop a lot more before it recovers a little.

what information are you/they basing this on?

our associates are converting fiat to 40k btc the coming days, so its to be expected to not drop a lot more before it recovers  much.

Is the action I have done it? Impossible!

A good part of me hopes it goes down more so I can rebuy the BTC I spent on gold the other day. It'd be like getting gold at an even further discounted price than it is already  ;D

Don't worry Jenny. The price will rise again as it always does.

Unless you're acquiring coins to purchase something, it's wise not to buy any unless you plan to hold them for an absolute minimum of 2 years. Otherwise you risk losing money.

Of course it's dropping, there is nobody buying and many people spending them and cashing out for safer investments. There is still a tremendous amount of sell pressure. This will continue for the foreseeable future.

I've seen posts here recently with warnings, but they were soon deleted and users banned. A crazy place, where the smartest people are banned and only the irrational bulls (you know who you are) are allowed to post their crap.

You'll be joining them soon.

just get on bitfixnex and play for drops on leverage - easy money

Up or down, I am just happy that it moved.  :P   

Do something, Bitcoin, do something!

I disagree. The rising/dropping of the price csn be perfectly explained. People should read into bitcoin instead of just buying it and hoping to become rich in 2 weeks.

Hindsight is 20/20

And you'll soon be joining the soup line when your investment drops to zero and you're left holding the bag.

http://i664.photobucket.com/albums/vv10/JimboToronto/fud3.jpg (http://s664.photobucket.com/user/JimboToronto/media/fud3.jpg.html)http://i664.photobucket.com/albums/vv10/JimboToronto/Spam-Can1.jpg (http://s664.photobucket.com/user/JimboToronto/media/Spam-Can1.jpg.html)

The price is at 471$ now and continue to rebound up/down, it's really unpredictable.

I fell your pain. Have some patience or go to casino  :D. Unfortunately, bitcoin wont make everybody rich. If you follow the herd you surely will suffer.

I guess there's a war going on between miners and traders, in a certain way: miners know competition is getting stronger and stronger and who has the most profitable machines will unload every coin at the slightest hint of a bullish sign so they are cutting off competition. Traders are obviously bullish because of all the good news that came out recently. We will need a very strong momentum to break the actual resistance.

Just put your savings in a cold storage and don't look at charts every day, your life will be better.

Interesting theory. I think non-commercial miners won't sell this low, otoh you have to have pretty big mining operation to get any meaningful amount of btc out of it, so this might be offset by the commercial mines.

Why do you want to sell something that will be worth a lot long term for stupid FIAT cash deprecated depreciating condemned USD/EUR? Is really 600$ the PEAK of BTC for you? How short sighted are you? I just don't get people like you, but watever floats your boat .

I read a post by someone claiming to be a non-commercial miner. He said his equipment had paid for itself, he got cheap electricity, and he was prepared to sell far lower than today's price because he would still be in profit. He was prepared to sell this low, and lower.

Don't worry, bitcoin is going nowhere but up. Do not cut your loose, just hold it and don't look at the price for five years!

Of course, there are those miners also. My educated guess is that, the majority of the non-commercial miners are not in that situation. Equipment that has ROI'd is already quite inefficient, so there won't be coming that much selling pressure. I have some equipment that has ROI'd, some that hasn't but will, and some that hasn't and won't  ;D

You don't have many accounts left. Careful!

This forum is my best source of fun, everyday there's a new reason to laugh :D

My worthless prediction is 450$ short term and 550$ next week.

It's going towards its intrinsic value.