Bitcoin Forum

I mean there are lots of new merchants accepting BTC, and people spending BTC when they do, but essentially that is just like a lot of selling pressure.  There is no new money coming in from anywhere in the world despite claims that India or Dubai will fuel the next "bubble."

Also it seems most anyone who invested in the last 10 months is regretting it and will not risk losing money with BTC again, leaving less and less people using it.

Seems like a lot of blind optimism especially in this forum, but I now don't see any reason price will go up rather than down.

Mark another one down under "loosing faith"

The manipulation is working! Lol

Several people here should put all their coins into cold storage and don't look at the charts/forums for a couple of years.

I haven't yet, but manipulation or not, price is headed down.

Do you have any solid evidence to believe it will return to higher levels?  I mean yeah I get the whole limited supply, but if no one new is coming in, it doesn't matter is there are 21 million or 21 total coins.  There is a lot of optimism here, but I ahve yet to see any solid evidence whatsoever.  And the last "bubble" was caused by bots and incompetence at Gox

Bitcoin will never "hold" at any price. It should always be a free market. Free markets are brutal, uncaring, and fair.

INB4 falllling was right!!!

:D


P.S. This is a SPARTA or Braveheart HODL moment. Bye bye weak hands :)
P.S.2. Or I'm the one holding a few Tulip bulbs :P

I forsee a heavy drop with a decent duration so the ballers can get more coins.

I will never sell below 10k a BTC.

I will never sell more than half of my BTC.

why not go with the dump and rebuy lower?
anyways thats what iwe been doing most of the time.
even if it shoots up (which it wont) u have much higher chances to earn that way than any other.
cheers

it will probably hold very well at $0 within a year or so
then you all have what you want, price stability.

Source?  ;D

Risk free money!  :P

why spend bitcoins now when you know price would be many much more in the future?

How do you know?  More spending at merchants = more selling casue they instantly convert to fiat.  It's gonna take a lot of new money to counteract this.


Seen it "predicted" on here.

if I dump now, the price will surely skyrocket.

There is a lot of certainty on the forum that the price will continue to fall. Other than a downsloping line on a chart what evidence do you have?

Seems far more likely if we hold 440 that we bounce higher to me.

Have fundamentals changed, no. They improve daily.

Obviously the price of btc is heavily skewed by sentiment and manipulated easily. This means the market price can be divorced from reality / oversold a lot longer than something more tangible. Madness of crowds etc.

It will turn back up and everyone who sold will wish they had held or bought more, just like the last four times, unless this time is different!

It won't be any different, aside from a greater magnitude.

Not a ponzi scheme after all, is it??  ;D

Bitcoin will never hold because Bitcoin will always go up until about 2140, by then the perfect stability it will have will be irrelevant to all of us :p

It seems that, for now, selling pressure from miners, merchants and early adopters is outweighing (significantly) demand. I think there will likely be another bubble, but it could be years down the road. (Or it could be next month -- less likely :P)

To be sure, this year has been hard on those buying into long term positions.

Bitcoin doesn't know what stability is, it will continue to go up and down forever.

Yeah, and I think that a lot of those who were all for BTC may have changed their mind by now.  Losing money could leave a bad taste in peoples mouth and could be actually reducing the user base.  This does seem to be the case with lots of people "panic selling," and they may never buy any more BTC.  I dont see any reason or evidence at all that there will be any buying prssure any time in the near future with people exiting daily.

I suppose the same could be said of any market, really. :)

My feeling is that if bitcoin achieves mainstream adoption, it will eventually become a more liquid market (consider how few coins are actively traded) and will be less volatile as well.

Evidence for falling userbase and people exiting daily? Or just pulling it out of your arse?

I wouldn't go so far as to say the userbase is "falling"..... but by the nature of distribution, it would appear that many, many people have likely been exiting for months. Logically, many will not return -- just like any other investment instrument.

Sorry can you explain what you mean by the nature of distribution. If your only evidence is a falling price then your arse it certainly is.

Have you ever heard of "accumulation" and "distribution"? Have you ever heard the idea that these conditions happen in cycles? We are in a distribution cycle -- clearly -- and yes, declining prices and sell volume over the past 9 months surely support that.

Whether it's early adopters, late adopters, merchants, miners, whatever -- more long positions are clearly being exited than entered. Is that not clear to you?

Ever since Willybot went out of operation, BTC has been heading down. This process will only accelerate as more and more merchants start accepting BTC.

Double digits might come as soon as this winter.

Clearly this isn't clear to him  ;)