Bitcoin Forum

Gentleman, the fundamentals have not changed. This is all you need to tell youself and you too will believe that bitcoin will one day be worth $100,000 USD per coin.

You are all early adopter. This is like Internet, and right now the first web browser is being devleoped. This is equal to a multisig wallet, which will revolutionize the world. Soon, poor peoples in Africa will buy bitcoin and other unbankable people, they can now keep their money away from the corrupt governments who are always seizing the poor african's money. This will take Africa out of poverty. Thanks to bitcoin, we will all be wealthy.

But why is it going down in price?? You might be asking youself this. It's simple: we are in the technology chasm. All technology goes through this step... and right now there is many FUDs being spread by government and banks and other peoples who do not want bitcoin to succeed.

But... bitcoin cannot be destroyed, that's what they don't understand. It is not centralized, and that's what makes it so perfect. This is the best buying opportunity ever. Yes, you read that right. Ever.

Cut your fiat and buy bitcoin before it's too late! That's my advice. Wall Street will come soon, and then it's rock ship to moon!

I'm with ^^

Maybe not his timeline but if you closely look at all new technologies there is always a niche breaking through.

Recently the financial markets are being improved
 - Worldwide acceptance of credit and debit cards
 - Worldwide retail
 - eBay, Craigslist, etc.
 - Crowdfunding
 - etc.

So ask yourself why not a global banking system that can easily be integrated. That nobody controls.
Also ask yourself if the world is ready for financial freedom.
Governments might need to adapt their tax system but Bitcoin has been proven to be a good system for instant worldwide banking.
Banks may need to change their mindset and try to add value to the bitcoin system.

IMHO Bitcoin is going up but it might take some time. If you're here for the long run it can't hurt to buy a few coins.

no.

Still the best asymmetric bet out there.

Completely agreed, only that we need to keep an eye on other alts, because there are still some flaws in Bitcoin, like diff and the fact only early adapters really benefit from it, holding it back from adoption. Alot of people I speak, say they're are interested, yet they are far to late and don't wanna take that big of risk. Also bitcoin in electricity is inefficient and should be reviewed. Like sha 128 in stead of sha256, making it more profitable for newcomers. We can allways put it back to sha256 when the time comes. The only real danger to Bitcoin is a better Altcoin, who adresses the flaws in Bitcoin perfectly...

In order to win the bet, we have to use BTC.

Agreed! Will buy more. ~400 It's really cheap right now.

what don't you understand?  90% of bitcoins is owned by .0000001 % of the population.  the masses can buy as much as they want.  1 click of the mouse bitcoin drops by $100 dollars, confidence goes down. 

this thing is going to flat line at around $50 and just be some obscure form of exchanged used by degenerates.

Or we hit 1% of the population making a 10000000% gain :)

Well said, couldn't agree more. Especially the last part.

For my opinion we will see bitcoin to the moon around christmas  ;D ;D ;D

The worst is over, time to buy!!!

Why are you so sure it will not go even lower? Imagine if in january we are in 200 and the buyer could have doubled his BTC stack if he waited more. Im not sure yet if 400 is a floor. I want to enter the market big time so this is serious for me.

Ha! :)

Seriously, who are you people?

Short sellers  ::)

I think they all live together in a crumbling dormitory in an abandoned Eastern Bloc army base and self flagellate every morning. Then they flagellate each other.

Yeah..... because that .0000001% with the most to lose are very interested in crashing the price and forcing people to lose confidence in Bitcoin....  ::)

They are the Ignore list population. Endangered species, they live in a special closed areas feeding on rotten bad news and fear. Might be extremely annoying when feeding, that's why it is recommended to avoid them :)

OP is correct - it's rock ship to moon. Couldn't have said it better myself.

People were panicking, when they should have been celebrating.

op is worse than falllling.

falllings advices don't cause people to lose what they don't already have.

fallings advice was if you have losses, solidify them. the worst advice you can give. almost as bad as the advice you give.

bitcoin will succeed for these reasons:

world governments neck deep in debt, defaults will come soon
VC investing millions into bitcoin ecosystem
new credit card hacks against major retailers every week
other, smarter retailers, already accepting bitcoin
anyone with college degree will be investing by next year when it becomes clear bitcoin is future

the rock ship to the moon is being fueld, are you ready to get on board or will you wait behind to watch the moon walk from the TV?

do not sell your bitcoin on any false drops. bitcoin is going nowhere but up!

You can't just ignore the state of the general economy. If the public is strained financially and the financial sector plagued by deflation (to be expected soon), why expect a huge wall of money to hit crypto? I'd rather assume that some will drop out of this game to generate fiat liquidity. It's fair to take a possible scenario into account that we will have deflation first and inflation after that. Hodlers need to be strong.

Yum. Processed mystery meat products.

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)

I agree, but also I think maybe we can even see prices around ~300 stagnating for some time before the next bubble.

Consolidation is need for further push.

Best advice is to keep a close eye to it, it won't surge 200 in 2 minutes, rather in 2 hours, if you see a steap climb, chances are that it will maintain, only noone can tell you this for sure :)

Well, the lower it goes, the higher it will eventually bounce. If the super cycle plays out the way it did the last time crypto rocketed, then $350 is the bottom 1/3 of the last high. Let's see it play that way again. I think we are shooting for $500 BTC in the next week

Waiting for $500, hopefully not much people sell immediately at that level..

Next week is probably too early, given that it is settling down at $400 now.