Bitcoin Forum

Prices dropped to 371. This is a big event in terms of bitcoin's image. Nobody will want to trade it anymore, for a while. This is not a sane market, where you can loose or gain 20% in a day. I presume we'll eventually hit 266 mark and stay low for the next months, maybe a full year.

I'm confident in BTC as a technology but the speculation shit has come to an end. I feel sorry for the folks that bought with dreams of get rich quick and lost a shitload of money.

It feels painful to see what happened last 8 months. Prove me I'm an idiot, prove me I'm wrong but I think the bottom is much much lower and a trend reversal is at least a year away.

Servers them right. That's what happens when you try to get rich quick with no actual work. The lower the price gets, the nicer it is to see these idiots get financially ruined.

This is not end, until it ends.

Rocky Balboa

Why would it be nice to see another man's misfortune?

The lower the price gets, the more stable bitcoin will be the more suitable it become for trading. Simple as that, Bitcoin is just turning into money.
For the rest, Bitcoin would need to get to single digits for anyone to can say it is its worse year.

Idiots need to pay for their stupidity and laziness.

nothing can predict this year price break down to lower the btc price history...

Well, those who lost intended to get rich at the expense of the others, but it turned out the others got rich at the expense of them.

Why feel sorry for them? They knew they could lose, but they were too greedy and proceeded anyway.

Exactly, the greedy fucks deserve misfortune and bankruptcy. They didn't want to work fairly like normal people, but get rich quick via scam.

Omg, what just cause the crash in price?

People waking up to the scam, whales getting rid of scam coins. Sell now or lose all! It will drop much more!

Right because no one here worked for the money to buy BTC in the first place.  Your an idiot dude

In 2011 there was much bigger price fall and Bitcoin only increased it's strength after!

And think of last fall.  When the price hit $400, there was lots of optimism.  Were back to $400, but not the same optimism.  :-\

The current marketcap is insufficient for serious business. Bitcoin has to be a lot more expensive, or it stay as niche market protocol (even then, if successful and that niche market is drugs, the market cap is too small).

Yes do think about it. The forum sentiment is currently in the depths of despair and the price is $400. Last autumn we were breaking out surging above the previous ATH with sentiment hugely bullish and a price of $400. We have come far.

God almighty, this place is exactly like it was in 2010.

some things just keep cycling.

And just when I was trying to work out what was missing from this crash, he returns :)

year 2014 was not good for crypto
litecoin also had bad time this year

2011

actually 2014 year is the best year for crypto. Sure the end of 2013 was gorgeous but it was just 1.5 months long. Before November 2013 world barely knew about bitcoin

So exactly what caused this 2-day price dive?
It was holding up a bit better before. It's sad to see that it's back to $400, but there is not much that I could do.
If I had a B $ I would probably buy up now.

The year isn't over yet... for bulls or bears.

It's only recently started to get really interesting again!

2012

What caused it?  It's just constant downward pressure from people spending Bitcoins (and companies selling it right after), as well as miners attempting to recover money to pay off their multi-million dollar investments in mining equipment and facilities.

For some reason, people here try to delude themselves and say that people spending Bitcoins doesn't cause downward pressure on the price "because there is always a buyer", but those people simply don't understand how markets work.

Do you somehow have information that can support your statement? Because you would expect that if it is caused by people spending btc (assuming they were long term holders, and don't replace the btc), the price would decline gradually. Not with the instant 2k btc dumps we are seeing right now. The price is really hammered down, and than tends to slowly crawl up again.

Why is Sevvero so  butt hurt? I am sure he made his nut the wholesome way, no darn cyber-computer scams or world wide web internet fraud. I came here in early 2014 when shit hit the fan. Spent 2 weeks obsessively studying the whitepaper and a bit of code to finally understand the protocol, and realized how incredible the idea was. Furthermore, the implications for society were terrific. Anywho, sure it may be a bad year and problems are on the horizon (PoW, transaction speed), but it will go up again. No other alt can beat the infrastructure and trust BTC has built before another rise. I don't know why it will rise, but this market is a fucking playground for big money, that much seems clear.  Really, this kinda volatile despair seems to be the trial one must go through to be part of something so revolutionary. Call me disillusioned, but I didn't come just to make money

Last 12 months Bitcoin is up 220%. Not bad for being the worst year.

like after every night day come
so good time will come after this bad time

Still, at the beginning of the year I never met people who had heard of bitcoin. Now most people I mention it to have at least heard of it. I think the collapse of speculation is a great development if it's happening. Let's hope it goes all the way down to a utility support level. Something that matches the value of people who actually use bitcoin rather than buy and hold. Hoarding does not really strengthen the market especially when all one is doing is swapping fiat and BTC back and forth.  

Why? When I do buy something when bitcoin is at it's lows, I always buyback, I suppose many people do the same. Does not make economic sense otherwise.

I think this should be in parentheses.

Bitcoin's worst year (compared to December of 2013).

That's what all the bears are comparing it to, that one month spike.

*Spoiler alert*























































2045

Bitcoin could explode any moment now. It's cheap, and it's enough that some rich individial pumps like 50 mil $ in it, and start a rally... Remember that pump from 420 to almost 700 few months ago? There are that rich persons, and that's pocket change for them. Also, watch out for next financial crysis, it will most likely happen soon and the many would realise it's lot better to buy Bitcoin instead of precious metals.

I believe in Bitcoin concept, and it's far from what it should be, compared to size of the world economy.

Everything is about momentum, we can reach $700 again only with current users (traders) under certain conditions.

2013

Its Bitcoin's best year. The adoption and awareness has really soared which can only be a good thing for the future.

Its a bad year for short-term Bull investors.***

You ruined BTC last year you were pumping it to much. Bubble then exploded. Now you cant pump it anymore since allready have a hole inside, and fiat that gets put in pours out.

In terms of adoption, it is best ever.

No one have a valid answer to  this question  ::) .

Still up more than 400% compare to last September. Wouldn't really call it the worst year.

Delusional idiot.

I CAN PERSONALLY GUARANTEE YOU BITCOIN WILL FALL TO BELOW $300, BECUSE YES I HAVE INSIDE INFO FROM WHALES.

YOU WILL IGNORE ME AND LOSE ALL YOUR MONEY.

NOT LIKE YOU DON'T DESERVE, IT FOR BEING SUCH A FOOL KID WHO DOES NOT LISTEN.

Quit lying.

Look at my previous predictions. If I was lying they would not have come true by now...several times. You just can't admit it, that there are people out there smarter and richer, and more powerful than you.

Bitcoin's worst year was from June 2011 to June 2012 when the price fell from over $30 down to about $5.

Nothing else comes close.

I never claimed to be rich nor powerful (although I live comfortably in my obscurity) but I'm absolutely certain that I'm a lot smarter than you.

2014

2014 is not even close to being over yet.

June to November 2011, 32 to 1.98

I don't really doubt it, with all the sales from all the businesses that want fiat
Okay please get out *points to nearest exit*

Maybe worst year to date

Or maybe he's like Jonah, swallowed by the whale to come out with whale crap, now sharing INSIDE WHALE INFO :)

Anyone can create multiple accounts on bitcointalk and throw random darts at target. One will eventually come close to hitting the target.

I am just curious what benefit you get from bashing bitcoin? Are you shorting the coin? What are you trying to prove here?

And so it will be again
But for now let us just watch the unfolding of history repeating itself and ponder if we should sell and come back at that lower drop
Or hold and wait but then think of the lost opportunity cost that could have been had.

I don't undestand why to panic. This is normal...price can go even to 80$, before starts climbing again. Oportunity to buy cheap ;)

People looking at FIAT prices and caring just don't get BTC.

Buy BTC as a one way ticket, do not repatriate to FIAT.

I am merely saying it was up 400% compare to last year.

Did I say I own any bitcoin?

If you wait for $80, you will just keep waiting.  :)

2014

2015

Get ready boys.  Depending on if BitStamp is solvent or not, we could entering another dark cloud period similar to Gox last year.

If they have everyone's coins backed up in cold storage like they've said, we should resume business as normal.

If not, and those 18K BTC's up and vanished, get ready for some $100 coins.... :(

Could be "worser" than 2014.

I'm hoping it's not the case.

the worst year will be 2015 maybe  ;D

It will be a bad year perhaps or a good year
In % terms
In relative fiat terms dropping 300 to 0 is still less than 1000 to 300 lol

If oil can hit $50, BTC can hit $80.

I don't see oil rising 10 times in 2 years.
I believe Bitcoin can.  :)

I am happy if BTC rise 5 times in 5 years.

This will probably be the year BTC becomes the thing of nerds..  Alas I fully expect sub $100

How can it be like it *was* in 2015?  ;)

sub 100% is very tough to achieve, to much resistance when you go below 200 already

+1

There are too many buyers above 200 for it to go below 100.

There were too many buyers @600, 500, 400, 300.
And yet, gentlemen, here we are.

Remain with your feet on the ground, currently the truth is that bitcoin is an experiment, super cool with lot of potential and that probably will rise in price. I keep holding few coins, sold the rest and stay in fiat

There are three times more buyers at 200 than there were at 600. Math.

It will be hilarious to read bulltards' excuses when we will be around double digits with no signs of recovery. I'm curious what type of bullshit will they come up with.


I'm guessing something about the despair phase, something about the point of maximum pain when the market will turn around like when it did in 2011, something about bull markets coming out of nowhere with Willy bots the masses finally dying to get in.

I'm okay with it circling back to its origins. 

 

RED TEXT!!!!

Sevvero What other kinds of misfortune fill you with such disgust.  I'm quite curious about your loathing

Confidence is about knowing we won't tank. Compare with 2011. We're doing pretty good.

2014 was a nasty year. 2015 Is the time to rise

How do you know the price wont take again in the future? Bitcoin may have had a bad year in terms of the price but it could have an even worse one at some point. I hope not but it is possible.