Bitcoin Forum

Every day I wake up seeing more news on Bitcoin adoption, and yet everyday I go to sleep knowing btc price is lower. Unreal.

$381 on bitcoinaverage now.

Just give it some time, you need patience if you want something.  ;)

http://www.coindesk.com/predicting-bitcoins-next-price-rise/

Just look at the negativity of the comment section, those btc bashers come out of the woodwork in droves. For god's sake that's coindesk! Just by reading that, I know the bottom is near.
 

It's always funny to read the comments of those technically challenged people who are still stuck in the thinking that bitcoins are worthless because they have no physical form. Often times I skip the article just to read the comments.

edit:

Many people hope so bad that bitcoin would fail because they have been stupid enough to make this whole thing a question of them being idiots or not. If bitcoin succeeds so many people will have to eat their own words. Major butthurt epidemic is coming soon.

Don't forget the probability that some of those commenters are paid trolls.  I truly believe that the media war against bitcoin has only just begun, and certain powers-that-be are have incentive to hold back bitcoin's progress while mindshare is still small and easily swayed/managed.  However, they won't be able to do this forever.

So, again I'm quoting Max Planck on this...

It's good to have these banksters commiting suicides and what not but there are still many old men left to die so that bitcoin would face a fair evaluation that is not contaminated by the agenda of the current ruling elite.

What do you think it will take to get back to $1000? fall in the stock market? amazon news? people dumping alibaba and buying btc?

It will be amazing if btc jump back to $1000, and we will be remembering when it was under $400 :)

But the 'banksters' have not seen the value of their assets fall by over 50% since the start of the year. I suspect it is not them who are considering a bit of clog popping at this time.

speaking of alibaba... what if the china people dumped their BTC to pump up the alibaba just before westerners were able to buy in. now the Chinese will dump the alibaba, westerners will lose money big time and Chinise will jump into bitcoin again.

Does not compute. Check the syntax or something.

It used to be 480 a couple of weeks ago...

http://s7.postimg.org/sgmav5vtn/wileec1.gif

With this kind of sentiment, none of those can make that much difference. However statistics tells me it's probably due time for another currency event.

A healthy completion of wave C, with lots of volume, that will allow many coins to be removed from the market at low prices.
Then many months of grinding upwards, unless there will be some equivalent to the Chinese buying spree of late 2013.

may be it is making a bottom before it skyrocket  :o
or some big whales are dumping it so that they can buy at cheap price
well just wait and watch   ::)

How much longer is the question.
It has been a slow, grinding path on the way down.

Market can be irrational longer than you can remain solvent.

Part of it is our community's own fault. The alt-coin circus is an embarrassment to bitcoin, and to serious professionals on the outskirts of the bitcoin ecosystem, it looks like what is: children playing a penny-ante game of chicken. Many people with reasonable intellect and reputations to protect don't want anything to do with shenanigans like that, so they opt out of taking a deeper look.

Additionally, the app-coin hype has caused a whole bunch of broad enthusiasm for "block chain technology" in general, while *explicitly* dis-avowing bitcoin as a currency. I think that's a fad borne of ignorance, but it's nonetheless common to hear people on the fringes of the bitcoin ecosystem talk (ignorantly) about "beyond bitcoin" - people who otherwise might focus their budding interest on obtaining/holding/using bitcoin.

At some point, the reality that bitcoin's biggest app is money (in anything resembling the near/medium term), and that it is a fundamental and unprecedented advance in money, will snap back into focus. But it may be a while yet.

i used to think Vitalik was a help to the community when he was sticking to writing articles for Bitcoin Magazine.

now i think he's a hindrance especially when he goes around saying that Bitcoin is "unfair".   alot of Wall St pros apparently loved his presentation yesterday and think he's smart.  he is smart but ecnomically misguided as i've pointed out numerous times in my gold thread.

oh well, as i'm fond of saying, "MOST investors in the cryptocurrency space (incl Wall St types) will lose money".

One's losses are other's gains. The more shitcoin's supporters  the better.

which is exactly why this is an amazing opportunity which might not return.
the market is currently irrational, reality will set in eventually bringing the price much higher.

No way to tell. There has been a lot of good news lately, but the sell pressure has overtaken it. If the pressure lets up, we will probably rally into the 500s again. Next step 700-800, then you can start thinking about quadruple digits. If you've been around for a couple years, the buy pressure and mania becomes immense during exponential runups. We are not even close yet. Give it time.

Still, gentle newbies, you will be caught up in the "new paradigm" hype and not profit at the top. In fact you will buy more. New Forex and professional traders will sell far below thinking that it can't go any higher. The market will fool you again and again.  The trolls will reverse their behavior with new accounts to manipulate sentiment. Big coin holders will go into full-on pump mode in the media. Mark my words. It is epic.

^ Yep, take heed newbs