Bitcoin Forum

...save the little left that you invested?

Or are you going to buy more?

The more it goes down, the more I buy.

If it goes to $100, I'll buy even more.

If it goes to $10, I'll buy even more.

If it goes to $1, I'll buy even more.

I suppose I could watch all my value evaporate and the whole experiment could fail and disappear, but I'll ride it all the way down to the end.

If it ever gets to the point where I can buy 1,000 BTC per $1, I'll just buy up all the available bitcoins and own it all!

This would have been better as a poll post.

definitely adding below $300

That sounded kinda crazy, if you buy it all, then it would have no value, since no one else would be using it.

BTC has to fall a lot further for it to stop falling if that makes any sense. I've been saying this for a long time now. the numbers are pretty easy to calculate.

3600/coins a day mined at current prices = $1.1 mil. which equates to $33/mil/month. That much money needs to flow into BTC JUST TO BREAK EVEN. Miners and electricity are fawking expensive and they dump the coins to pay the bills.

The reward half will help but that's in 80 weeks! And even then 1600 coins will still be coming out for 4 years. So at current prices that would mean Still another $15/mil a month. This is to just cover the new coins. If anybody spends other coins then more money needs to come in to cover those.

It's really not that hard to see why BTC will be on a downtrend for a long time.

Impossible to buy it all. Most (nearly all) of the btc I control is not available for trade in fiat, and won't be until 2021+, if ever.

https://i.imgur.com/BaPQzm9.png

As long as the protocol is up and running I'm too buying more when the price drops.

You buy when it drops, not the other way. You need to repress your fear/greed feelings and act with logic. Buy low / sell high.

Any and all valuations of btc in trade for fiat scrip are hideously low by definition.

The people of the future will look back on the selling of btc for fiat currency the way we might would look upon trading a $100 bill for a couple of rare seashells.

Note: Seashells were once used as currency.

ACtually I heard that all the way from 600 to 300. Its almost impossible to know where it could fall to.
But anything below 300 is kind of a +EV move to invest.

not a lot on downside, sky is the limit on the upside

I dont own a heck lot of bitcoin, so I am going to keep my faith.
I also think, threads like these demotivate people to buy into bitcoin at the 300 level.

I am waiting to buy more. I have been buying whenever it goes close to $300, but this time it looks like it will go lower.
$250 would be a good Christmas present :)

Continue to buy! I only put in what I can afford to lose anyway.

Keep buying, i'm already steadily buying in small amounts.

I recommend holding past 2024, we'll have 3 more block subsidy halvings by then :)

No one knows what is going to happen to bitcoin price and that's the nature of crypto world. If you look back, this is the normal behavior and this shouldn't be shocking.

Dude. Your post gave impact. I read the second sentence twice because I didn't understand it, then I read the third sentence and it clicked.

I may be an idiot, but I'm all in. All my savings and half of my credit debt is all in bitcoin. If this ship sinks I'm as good as dead, but I know this ship ain't sinking.

Keep buying.

Why exactly 275$? Will OP as the same question with another number anytime the price changes?
 (If it goes to 250$..., If it goes to 1$..., if it goes to 100000$....)

What is so fraggin interesting about what the people do when the price hits 275?

Depends on how long it takes to reach it. If its a quick drop then yeah problem.

Started not a long time on Bitcoin world and I won't give up just like that ;D so I will probably just keep buying & buying and hoping that It will never get down.

Let's make a reality check before speculating:
https://blockchain.info/address/1FeDtFhARLxjKUPPkQqEBL78tisenc9znS

Doesn't seem like a quick dump address to me.
Other adresses:
https://blockchain.info/address/1CjPR7Z5ZSyWk6WtXvSFgkptmpoi4UM9BC

Seriously, the blockchain is a public ledger. Just look it up, instead of speculating.

First may I suggest you stop thinking in dollars, euros, yen or any of these.

Just count how much btc you have. Save as much as you can.

Too many people involved with bitcoin are trying to hurry things along and have bitcoin knock on the door of other world currencies or integrate itself into present financial sectors it was actually created to replace.   

Just sit back and relax. 

These sacred cows will need to knock on bitcoin's door sooner or later and with a few of the items I hear in the news related to some international markets I think it may be sooner vs. later although not all the knocks will be from the US. 

Also if you cannot think like I suggest and must think in dollars please remember less than 2 years ago 1 btc was what.....$30 ?

If your honest expectation is that bitcoin is going to be valued at anything like $5000 to $10000 for 1 btc anytime soon it may not happen.
You have to face that.  I would have no problem if it did happen but I think it very unlikely. 

I have said in the past and stand behind my prediction that by mid 2015 I would expect some price increases on the high end to maybe $3000.

Still this is just my personal prediction based on many things. 
The next real shot in the arm should come when each solved block only pays 12.5 btc +fees.

Try to think of bitcoin as a one way trip.  If you are thinking about selling bitcoin in the future for large dollar amounts per btc consider if there is hyper inflation ?  In a case like this even people who are millionaires would be no better off as those earning minimum wage. If a weeks worth of groceries cost you $100,000 what good would all the dollars be ?   The dollars would turn to dust in your hand.


Anyone who thinks it can't happen here , well I hope you are correct and I will be happy to be wrong.

I don't want it to happen.  It would be very hard for many people.  Still what we see in other nations of the world now are microism's of what our future may look like unless large drastic changes were made to many things that I do not ever see happening.  The last several presidential administrations in America have pretty much doubled the debt during their terms. For ever dollar the government creates since banks only need keep a small amount on reserve they can 'create' up to 90% more in 'new money' out of thin air.

This is not about party politics this is about kicking the can down the road.  Since the entire American economy is subject to manipulation from several powerful entities to a lesser or greater extent they may be able to kick the can down the road for a long time still.  How long I don't know.

It depends on many external factors.  Internal too. It could be 5 years, probably more like 30 years.  Maybe 50.  I think it  doubtful it can last 100 years or longer before there is a full blown financial collapse.   While many factors could delay this (like proposals to scrap the dollar and make a north american dollar to throw other countries into the fire too)   I don't think it can be delayed forever under the present system of fractional reserve banking , free trade and without the government issuing its own fiat currency vs. paying a private corporation ( the federal reserve) to do so.

It is no accident the Federal Reserve is in the white pages of the phone book not the blue pages , although many believe it to be a government agency it is a private corporation just like Apple or Starbucks.


To me one of the strongest long term properties of bitcoiin is that it will have the ability to protect people in the future from loss of their life savings to situations like I mentioned.



If you invested in bitcoin with money you cannot affort to tie up long term I can understnad your impatience.  I may suggest you speculate in something that is more likely to produce the short term gains you need for your investment since bitcoin , great as it is in concept and practice can offer no future price guarantees. 

buy. start learning what BTC is and you understand the implications of that tech.  :)

We Choose the Moon

https://www.youtube.com/watch?v=EeGw32e5Em4

 ;D

Sorry, but you really are an idiot and gambler. If youinvest even more than you have (credit), you are crazy. The worst what can happen to you is btc appreciation, because then you will continue doing the gamble in higher amounts and you will hurt many people b4 you finally bust in the next round. The ship can always sink. Anybody who thinks that he has a lock is totally off reality and btw. will never make and hold any money.

I have few hundreds btc, it is less than 1% of value of my property, but I feel it still as reasonably risky adventure. I will buy more, yes, if price drops. If it goes below 50 I will go over 1K btc probably. Yday I bought few more. Tomorrow I will accept another payment in btc and will not convert. It depends also on other cryptocurencies. There will be just one cc widely accepted as money, maybe two (one official, second for drugs and moneylaundering etc.), but nowehere is written it will be btc. It;s only advantage is that it is first.

This is a good way of thinking imo. I am waiting with whole market for the 80 weeks mark.

But you miss two things:

1. Market already more or less counts with future certain events. If the reward will be half in 1&1/2 year and 1/4 in 5 years, market counts with it. My USD in bank make 0.1% p.a. My investment in Lending club makes 10%. My own investment where I must work and manage team of people makes 50-300% p.a. Compared to this is investment into btc where I plan to cash it out in 5-50 years high ROI investment. Not to mention that it is hedge of my fian money position.

2. While 30M/month might look like huge money, it is nothing. Look for how much stupid Twitch was sold: ~1bn USD, Skype was sold for 8.5 bn. Seeing from this perspective the value of all future bitcoins that will be yet mined and should be allocated through market, because as you point out miners must pay for electricity, is roughly 2 bn USD. There is a lot of free capital and it flowsinto much more shitty investments than into possible reserve currency of the world.

Amongst bitcoiners there are not just:
- oldschoolers
- bitcoin fans, who eat from parent's refrigeators and bet their credit from student loan on btc
- miners

There are also investors, who see what I just wrote. There are not so many people needed who can raise together 2 bn. Important for those people is what is written in this article: http://www.coindesk.com/firstmark-director-bitcoin-needs-entrepreneurs-understand-money

because 275 is the first going down that is made of 3 prime numbers.

ofc i will buy some BTC is the price goes down like crazy, is obviously, also i think most of theguys into the BTC will do the same.



exactly, thats why i say most of the ppl into the BTC world will buy if prices goes down, because they already understand it ;)


Most of the ppl beleive that the protocol will never died, on the contrary, "we" really beleive that this system will grow up  ( i think ), so the strategy is simply as always, buy with low prices, sell with hight prices :)

Looks like you don't really understand how the market works  :)

I don't know about that. Private key with all the bitcoins in it could have pretty handsome collectors value. After all, what many forget about, bitcoin made a solid mark in the history of money.


That was the bottom price in October, the lowest price since the major pump (December 2013). If it goes lower than that, it would be a clear signal that the general down trend continues.

On the market, that I understand, I bought some BTC for less than 100$/BTC and sold a few for 800$ (could have been 1200$) and invested some for 500$. Now I make some BTC on a regular basis, without doing anything. I don't mind if the price is 275. I would maybe start buying below 200 or even less.
Looks like you can easily explain why 275$ is such an important number. Please enlight me.

Price fluctuations is a temporary thing, Bitcoin is here to stay.

Will I buy more if price goes lower? Hell yeah!

as long as we dont dip below the last low of ~$50 then we are still pointing up. I know $51 price now would seem like the sky is falling but really, technically that is possible (I think its pretty unlikely though considering the amount of buyers at much higher prices).

anyway, as long as the price stays above the previous low, then the market is still travelling up in the long term:

https://farm4.staticflickr.com/3900/14788509267_8c29675dba_c.jpg
https://bitcointalk.org/index.php?topic=747502.msg8445665#msg8445665

http://static.incrediblecharts.com/images/png_images/bul%20trend%20hh%20hl.png

The point is, as by the technical analysis wizards, that if many people believe that some number is a signal of downtrend, it will be a signal of downtrend.

It can be true or it can be a nonsense. I do not care abouyt magic numbers as well and I am pretty sure we have many fundamental factors that affect btcprice every day, that it is not important.

But who will decide is the market. And on the market it will be not equally all the people, but people with money, who will decide if 275 or 10K price is important.

don't pick up a falling knife until it hits the floor! ;) ~~~word to the wise


 : fyi  : the BTC experiment has been effectively cracked.

/\retracement if it holds $275 and skyrockets..it might have a fighting chance. As it stands now it looks like there exists systemic fraud all over the place....stay tuned !  :o

Same if it goes to 250 and then skyrocket. We are already at a level where miners shut down due to unprofitability, so in the long run the price of BTC correlates with the production cost.

Correct. The market price is a reflection of buyers and sellers psychology (among other things). The numbers themselves dont mean anything, its how people react to them.

Thats correct, but where is the statistic that says, that most (or at least alot of) people think that 275 is a "magic" number? Link?

To all those who think the sky is falling, aka chicken littles, aka fairweather friends, SELL IT ALL BEFORE YOU LOSE YOUR HOMES!!!!! then GTFO, leave this to the adults, kthxbye.

I add on news, not price. I think bitlicence will be crucial

Im not supporting 275, I could come up with a technical reason or maybe its an average mid/long term buyer price or something, I dont know.
My own 'down trend alarm' is 50$.

i made it up/\ didn't it not touch $275 and springboard last time?  :\   hmmm

the whole competitive mining scheme with bitcoin is wasteful... if bitcoin people were highly organized they would waste less energy worldwide. :)   ~this is a fact

"Last time" does not necessarily mean, that it will happen "next time"

I've already have my place in place.  ;D
Buy at 250, further buy order place at 200 and another one steady at 150. Let's see how far down the price can go. I've prepared the fund in anticipation for the drop.

It's looking a lot more reasonable now.

The link is this thread, because now everyone who read this will have the stupid number 275 in his head.

However, as I said, for me the turning point are fundamental factors. This is why i started to buy at 360-375 and I will continue. The pivotal point for me is that with recent prices some people stop mining. It would seem it does not change a lot, because still the 3K+ btc go to market every day, but I think that the bigger miners can at least change the pace of inflow.

And that might be enough, because there are still money from paper economy flowing into btc. Now even bankers noticed bitcoin and they do not refuse it, they just say one day, maybe... it is big news. Change of trend might change of downtrend to another hype and that hype might go quite high. Especially if the money from ripple will flow back into btc... I mean if ripple is useless it will cause not ripple but huge wave that will help btc one day. But it is also possible that ripple will suck blood from btc. Who knows. But I agree that under those circumstances to think about some 275 number is a bit silly.

Yah, ripple is looking shaky lately, depends how long the VCs are willing to keep it on life support I guess.

If it ever drops back to $1 I'm selling all that I own (except a big cardboard box (coated), in which I will live for the next few years) and buying Bitcoin.
I don't really care about the price drops, they don't make me nervous or anything, just eager to get more.

retracement wat? ~ you are talking to a chartist with over 7 years experience... i know NOTHING!  ;)  /\rotflmfao

keep faith .wait and wait

I'll keep saving.  I am going to give it another whole year at the very least.  If it goes up, great, if it doesn't, it isn't the end of the world I am not investing much into Bitcoin that it will completely bankrupt me.

faith in what? :  mtgox, inputs.io, dooglus, ripple,,, errr shitcoin 2.0 ? lmfao ...please elaborate what we are "waiting" on! :)

There is too much downward pressure from miners dumping and too little capital to hold it, the next halving in 2016 will help since less dumping by miners will happen and bitcoins network effect has grown much more with more capital flowing into the network. From here i can see the upward pressure more powerful than the downward.

Is that all you got? http://en.wikipedia.org/wiki/List_of_bank_failures_in_the_United_States_%282008%E2%80%93present%29

/\how did the big banks "fail"~ they got all the taxpayers money from the bailout!! muuahahah :)




LOOK AT NUMBER #22 i moderated that thread!!!!..prolly still own some PFF "coins" Lols ;)

There are some really impressive service layers being build on top of bitcoin, check out gems (first app on bitcoin) and storj (first cloud on bitcoin) bringing simplicity, users wouldn't even know they are using the bitcoin network.

bitcoin 2.0 https://www.youtube.com/watch?v=CcwauLnVdOg&t=6m51s

I am waiting on trolls leaving that forum, but I guess that will never happen.lol
are chartist the people, who commited suicide on Black Friday 1929?

I am planning to average down every 30$ it drop, but it really scares me sometimes while I keep dumping in more and more money. Just wish I had never started investing it..

you wanna know the truth? serious investors will not touch bitcoin right now there is zero consumer protection for lost and stolen coins. Early adopters will dump to lower $200s imhfo ! nothing to do with fresh blood...


this----> :::quote:::: "STOP just STOP - no one cares..." - JC


8)

It's great for investors who manage to buy low sell high, it's bad for investors who buy high sell low. We are in a bear trend very simple, as bear you would have been crushed in s&p. You just need to catch trends.

Also for non investors bitcoin 1.0 and 2.0 are truly revolutionary

sure it's going to incite riots in the streets and shit? Lol man >>look at who is pumping it the likes of Ben Lawsky and friends!!! ;)  rule #1 : DON'T DRINK THE BATHSALT FLAVOURED KOOL-AID!!!!

you're a retard!

noobs NEVER listen!!!! :)  BUY BUY BUYYYYY!!!! <-------lmfao

I got a lot of positive emotions from this thread. Yes, we will buy it as much as the the price goes down and down:)

i know right ?   buy buy buy then hodl for moonbases !!! ;)

learned that the hard way

what the freaking flap? ROFL don't be such a fucking pussy noone wants a reversible ''consumer protected'' shitcoin when they already have paypal, grow a ballsack

There's as much as there is for physical cash. Give a guy on a street corner $2000 in used bills for a "Rolex" and see what comeback you've got when you inevitably find it's fake or stolen.

It's ironic how many thread like this one are on here. Every time the price tips a bit people panic and think the sky is falling.

In the end, bitcoin will never get to $1. There are so many people on here who say they will buy so much once it gets to $1! There are so many people on here who actually value bitcoin.

Mining will always be an interesting phenomena. The nature of human greed will always push mining to be more expensive than the value of the electricity vs BTC value at any given time. How that affects the price of BTC, in my opinion, is how many BTC from mining are dumped into circulation vs how many people are buying on any given day.

Im enjoying the BTC price right now. Partly because it is throttling the hashrate, and partly because I can buy more bitcoin. There will come a time when buying a whole bitcoin will be out of the question. I'll appreciate the fact that I bought now, when that time comes.

If you already are fully invested in it you can't just buy buy on every couple of drops. I'm gonna hold until it goes to an even point of purchase.

Whatever you do, don't ever sell!  You're not saving a little, you're losing alot, especially if you bought earlier this year or last.

At this point, you're pot committed, just got to ride it out, go all in, re-up, add to your position, hope these manipulators and bearwhales fold.

But don't sell at a loss...way too early for that.

bitcoin itself is still as good as it always has been..
BUT
the crappy exchanges are not what they promised to be,

i remember in 2012-2013, mtgox btc-e and other exchanges were doing lots of trades, where most order lines were in whole bitcoins.. now just checking out btc-e the amount of bitcoin orders between $313-$317 is less than 50 bitcoins COMBINED

many people can remember the days of seeing large 'walls' of 500-5000 bitcoins. lots of people were throwing 5+ bitcoins per order. but now its small decimal amounts,

all of which is not due to faith in bitcoin, but lack of faith in third parties holding the bitcoin for you.

basically the price is not falling due to hate of bitcoin, but the fact that less people are trusting third parties as centres to gamble/day trade coins. and instead only as exit routes to get a bit of fiat to pay their small lifestyle costs.

we need to STOP using these crappy exchanges as price discovery indicators, as they are not true indicators of supply and demand. people that are truly selling for FIAT should not use these centralized crappy exchanges, but instead value it based on how much people are willing to pay in their own area/country.

there are 13.5 million coins in circulation. but at any time there are less than 200 coins being traded in any given 30 minute period. we should NEVER be basing an entire economy of 13.5 million coins based on the manipulated movements of just a couple hundred coins.

i am seriously wondering why so many have not woken up to this fact yet.

I would just buy more and hold!

no fool PAYCOIN/XPY !!!  ~ it's hella legit ;)

comparing bitcoin to dealing with a street thug? = good analogy

~> purrty much the only way you would get your money back is with muscle!!!! :o  ~ u a tuff guy ?..lols

his perspective is very good.  These people, with this thoughts tend to get along

When there is this much bear sentiment
It makes you wonder how low it can go before we finally stop dropping its been a rough year though so tough to call

if it goes to $275 I will probably buy a little more.

if it goes $250 or lower I am definitely buying more.

I will not sell. Price dropping doesn't scare me  8)  I'm in it for the long haul.

This might be weird to say, but I'm happy that the price of bitcoin is DOING SOMETHING, even if going down. At least it's moving! Does anyone else share this sentiment?

Keeping the faith, no doubt.  Price changes alone don't worry me about bitcoin.  What would worry me is if something was wrong with the underlying protocol or something intrinsic to the idea of bitcoin itself.  I think bitcoin is great and the more it drops the more tempted I am to buy more.  Though I admit, I am getting tired of it dropping but not enough to cause me to sell without some clear problem.

I think the same. Only problem we have right now is that in christmas everybody sell their bitcoins for gifts same it happenned the last year what ended in a price drop.

This week we won't see any price spike.

it will probably go to 275,but I hope it does not do it deeper

I bet we'll look back in 10 years and call this the worst year (price-wise) for bitcoin. I think all subsequent years will be better than this one in terms of percentage raise or drop in a given year.

This year was an anomaly because of the MtGox Willie buying bot. We're just recovering from a big scam that's all. I think Karpeles caused more damage than most people realize.

Didn't reach my buy order so a bit disappointed there. I was expecting it to drop further taken into consideration the number of sell orders in place and after close monitoring the order book. When it reach 310 there's the main turning point when you can see large orders suddenly coming in

it still could over the next few days. I'd just leave it

I'm gonna BUY BUY BUY BUY ..

and I suggest y'all do the same

I hate when the first post is so good. I feel like I'm done the thread already. I guess I'll read the rest...

Everybody who knows how to trade knows this is the time to buy... Soon this opportunity will be GONE  :-* :-* :-*

2.

Although.  It might have been more damage than is recoverable.  We'll see.

The crisis of the bitcoin price certainly started with gox imploding but this was not entirely what caused bitcoin's price to do so poorly this year.

IMO the price was pressured largely by the fact that many merchants were selling off their bitcoin they were receiving as revenue and few people are buying new bitcoin in order to pay for things at places like overstock. Once consumer adoption catches up with merchant adoption the price should rebound and stabilize

too late, rally already
ripple is going to shit well. maybe huge correction

This is an interesting observation Franky1.
I guess the damage of Gox continues. You're right - for me personally I do not trade BTC like I trade cryptos. I just don't trust any exchange at all. I buy and then immediately move the coin to cold storage. I'm sure there are many people like that.

If you cannot see the obvious fallacy in this argument then just promise not to moan you didn't buy in when you had the chance.

Well, I do not understand how anyone could ever trust exchanges as storage of value. That is/was pure craziness. If one does not need to trade why leave there money, when there is extremely cheap and fast opportunity to withdraw the money (not to cold storage, hot is fine, or many times better).

It must be how people are used to have money in banks, so then even bitcoiners, take exchanges as banks. The exchanges are business as any other: once they feel it is more profitable to pack with your money they will do it. So in this case I would not trust own head. Nobody at Gox should blame anyone else then himself.

While I accept that trading is oftentimes more based on mass psychology than actual facts, I still find the "gox effect" to be puzzling.

If there were about 800k coins that either didn't exist or had already been stolen and were elsewhere, then there was 800k of fake liquidity in the market. Now depending on how you like to define total liquidity, that would have been anywhere between 5 and 20 percent of total liquidity.

When this was exposed, this should have had the effect on the market of bitcoin BEING 5 to 20 percent rarer, since the pricing up until then had been based on those coins being available.

I know the willy bot would have had some effect on ultimate highs, but I'm not convinced that in it's absence we wouldn't have seen 90% of the peaks at least, because really, independent traders would have been trying to work toward the same effect.

Anyway, I guess the mass confidence loss in the market due to gox shenanigans has had a big effect, thing is, when that confidence is back, that 5-20% of liquidity is still missing, so there seems to my mind a theoretical possibility that the market could see unprecedented rises.

True. But don't forget that people who bought vapour coins on gox currently have nothing. Lots of people. That is bound to have an effect. Willy is irrelevant as the last bubble was led by China and has never been confirmed. The major reason in my mind for this long bear market is that there were two bubbles in 2013 which drove up the price massively. It is understandable that the market is working through those gains now. For people who see the speculative potential of Bitcoin it has allowed some excellent opportunities for accumulation. If Bitcoin was a major technological disruptive revolution at 1000 dollars, then it is a major buy at 300.

Nearly half a billion dollars VC funding has trickled into Bitcoin in the last year. Engineering a price rise in this thin market is trivial and if that is what it takes to bring in the next major wave of adoption for BTC then that is what will occur IMO.

I see a lot of intelligent people question the use case for Bitcoin. For merchants it is a clear no brainer over reversible transactions like cc or PayPal that charge excessive fees. For the public I think it will be the first asset since gold that will function as a reliable and growing store of value with global utility as an Internet currency in the future. That is the selling point, the monetary properties that we all take for granted now, but were amazed with when we first discovered bitcoin.

Expecting such a fantastic asset class to be owned and used by joe public to the exclusion of 'big money' is silly. For this reason I think we will see massive price rises front run by investment houses and high net worth individuals or funds, possibly facilitated by an ETF.

Ignore the Bears and trolls like NotLambChop who sold very early and rue that decision every day, hoping for one more opportunity to get back in. They wouldn't be here day in and out if they didn't hold precisely the same belief in the potential of Bitcoin as everyone else.

I got my bitcoins without investing. Will not sell them for a while

No one has lost money by listening to me.  Those who listened to you and held are now drinking to your health.  MD20/20, from the neck, behind a dumpster :D

I can't se the negative drivel you replied. I would wager it did not address any points in my post though!

Yes, yes you would.  And lose.  As usual.
Same boring shit, nothing worth mentioning, really.

You are probably correct about confidence in bitcoin being lost as a result of gox. It also probably resulted in many people not having a way to store bitcoin that they were comfortable with (as they fear they cannot properly secure their bitcoin on their own and must use an exchange with now questionable security as a bank).

In regards to the willy bot, I am fairly certain that it was nothing more then a tool for large investors to be able to buy large amounts of bitcoin with real money without clearing the offers in the order book and sending the price to ridiculous levels.

Imagine living in a world where you are purposefully deaf to all criticism.

There is quite a difference between being deaf to criticism and choosing to ignore deliberate negativity. There are plenty of bears on here who I listen to.

Now imagine this:

1. Ignoring someone
2. guessing what that someone said/didn't say
3. responding to that [ignored] someone, based on that [incorrect] guess.

Only on bitcointalk, folks.

And respectfully I will not quote it. Besides, I also have them on ignore though I sometimes peek.

I'll buy whilst cheap if funds allow.

I will try to keep my faith still, because it will prevail sometime...

I'll be a Bitcoiner until the technology is no longer used, or something better replaces it.  Now, with that being said I am not going to be buying Bitcoin anytime soon, I feel like the value of Bitcoin is going to crash, but I will still be here. 

well users who simply got Bitcoin without too much of a cost, what will they do?

The ship has been sinking since 1200. Where have you been??

Some like the bearwhale will dump but others like Satoshi will hold.

Let's see why the price down first ? If just some stupid reason i'll buy more
But, if because something crazy maybe i just hold/sell all

But, i think bitcoin price won't fall to $275

Mt.Gox and China would be the main reasons, IMO. The former was probably the one that caused the most damage and eroded a fair bit of faith in BTC to people looking in from the outside.

Mt Gox and China again!!, ‎I really wish Mt Gox never happened, the price would be at $2000 or higher. People just lost hope when things like Mt Gox happended :(.

China banning/unbanning bitcoin about five times would probably have stopped the price going to $2000 even without Mt Gox.

Not much of a Gox fanboi myself, but it has driven bitcoin price since 2010.  We could be trading ~$1 without it.

Most likely i will buy  ;D
Expect something very bad happened to bitcoin, i will sell as fast as possible

But, i hope that never happen

Gox didn't have anything to do with where the price went in the past. If anything it has put pressure on the overall price of bitcoin as people have lost faith in it.

Gox was only a trading platform for bitcoin, if it was not there then someone else would have stepped in it's place.

Might aswell sell all your coins now with that mindset.

if it dumps more i sink all my BTC into low inflation alts - no point selling for fiat

Bitcoin (and altcoins) currently only represent about 10 percent of my wealth so I wouldn't be too devastated if it dropped to $275. That was April 2013's ATH. No way will I be leaving. This is too important.

If it goes down to that, I'd buy and buy and buy. :D I don't think it'll ever reach $100. A lot of people, like me, would also buy a lot if it goes below $300.

Getting tired of sitting in inflation coin too eh?

i'm not going to buy even a single satoshi until something will make me sure that the price in the future will rise.

I've been waiting weeks for the price to get to $275, it's taking forever!   >:(

http://www.reactiongifs.com/r/2012/11/take-my-money.gif


Only reasonable thing to do really is double up and take more position, especially if you're pot committed from 2013.

Good money after bad. It's the only thing we have left :-[

This probably would be a pretty bad investment. As a general rule altcoins' value tends to fall faster when the price of bitcoin is falling and tends to rise at a lesser pace when the price of bitcoin is rising.

If you think the price of bitcoin is going to fall then you will end up loosing even more money by investing in altcoins

If you stay invested in crypto-currencies, Bitcoin would be a better bet.
You never know which alts would go bust.

I think Bitcoin will remain the best crypto without a question.  It really is just how low will it go though.  I predict it will be below $200 dollars in the next 3 months.  Hopefully it can bounce back up after that though.

I am never going to lose my faith in Bitcoin! It's such an awesome invention and I am certain of its long-term success! $275 will be hard, but I will ride it even lower if I need to! Getting off the train at that point looks like a big mistake in my eyes! THen again, I could be wrong ;(

So, who kept buying? Anyone miss their 275 auto buy orders?


Edit: oops nevermind, 275 broken

The trend is your friend, and for now the trend is down...

Double bottom broke on Bitstamp too, new post-bubble low.

If it goes to 275, I will continue to not buy.  As much as I would like to, I just can't afford to take a hit in fiat at the moment.  It would hurt me as I am switching jobs and won't have a pay check for a month.  I hope I am dead wrong but I just don't see us getting out of this one.

Well it's always wise never to put money in that you need in the short term, never know where it's going to be. Money you don't need over the mid term, then it's a good time to buy.

Now that it is below 275, how many people are following up with actually buying that said they would?  It looks like Bitcoin just keeps going lower and lower and faster and faster.  Is the end near and are we going to get out of this?

I think this thread title price value might have to be lowered a bit with the Stamp news.

Just an unreal start to 2015...in a very bad way.   >:(

i'll hold even below 200, no matter what

$ value to BTC doesn't really phase me. When Bitcoin acquires true market adoption there would be no exchange rate. People would sell XYZ for BTC, and if it was priced well people would buy it.

Some people say that the government could shut down BTC (and make it worthless) by "buying" all of the btc available. How much could they really get their hands on? As long as there is some BTC available, it would still be able to be traded and as long as merchants would accept it, it can never die.

But to play with the thread, the lower the price goes the more i'm buying.

Dumb holders will keep holding til 1$ despite professionals telling them how stupid they are being.

Oh well, dumb deserve the worst fate.

Family reunions will be fun, won't they?

Til that day, I'll be spending my real money and laughing at you dreaming your BTCeanie BTCabies Bitcoin world domination dreams.

You must have made yourself a rich man by now going short?

Edit: brother, can you spare a dime? :P

I know I have :)

As I said bought Rolex Presidential today.

Your dumb money is now on my hand attracting bitches at the club.

How does that make you feel?

I don't know you on here. Your success or failure or taste in wrist-wear is a matter of total indifference to me. Sorry

No, we don't really need those Newbie restrictions back.

 ::) I think most of us could care less how many fat girls you pick up at the Weight Watchers Club. I guess its nice of you to give them something else to look at besides your acne

I followed through and bought. And I pretty sure I'm not the only one.

It seems to be steadying around the $275 level. It doesn't seem to be really decreasing, it's kind of fluctuating around $270 to $280. If it's still going to decrease, it's going at it slower than before. It might be time for the spike that bulls have been hoping for.

I entertained myself by going short.  Mentioned many times that I've been trading gambling with pocket lint since last year--real trading in a market this unregulated is impossible.
It wasn't possible before 2014 either, but imagine happening into a town full of rubes already sold on monorail?

http://s3.postimg.org/mymcajtsj/Capture.jpg

It's the future, they're whipped up into a frenzy by their "visionary" friends

http://www.thewolf.ca/files/2014/09/Screen-shot-2011-08-31-at-11.24.53-AM.png

They're already congratulating each other for being "early adopters," for "understanding" the technology, for having torn the veils of mundane reality for a glimpse of the forbidden, naked (and sorta hawt, in that Rubenesque sorta way) TRUTH!

http://s29.postimg.org/fsjxoptmf/Capture.jpg

high-fiving each other for not being sheeples & having the balls to join the money revolution (by spending a few bux).
They're helping each other count their rewards (presumably for having such bold conviction and massive balls)!

http://img4.wikia.nocookie.net/__cb20120406182958/simpsons/images/f/f4/His_evil_plan.jpg

Have you imagined this like I told you to?  Good.
These investment enthusiasts were beyond help (though, God knows, I've tried), beyond reason, they were locked in as if on rails, their fate was sealed.

Can you really blame me for profiting from their stupidity?  In light of the fact that they are firm believers in the rightness of ruthless laissez faire markets?  In light that even as I was taking their money, I honestly told them (over and over and over, as I'm still telling them now) EXACTLY what I was doing and EXACTLY where their wacky antics would lead?

http://s10.postimg.org/z2f3jhgm1/neo1.jpg

It is surprising. I expected the price to go down more due to the Bitstamp 19k hack, but it has not budged. Are we seeing a delayed reaction till Bitstamp comes back online?

Wich professionals? How old are you? you sound like a 12 years old kid whos crying for his lollypop, just Pathetic.

Ignored.

Bitstamp is closed. Why would people sell their Bitcoin on other exchanges, because of Bitstamp?
It is like saying there will be a bank run in Switzerland, because a Spain bank was hacked.

So we are seeing a delayed reaction, and once Bitstamp is back, whales dump?

Greece, Portugal and Chipre damaged the Euro zone economy, so it would not be irrational.

Switzerland is not part of the Euro zone ;)

So that's where the Stamp money is headed, Tahiti!   >:(

Fucking Slovenians....

No, the price will just change to match the one on the other exchanges.

Btw, I really don't understand the OP. A more reasonable title would have been: "If it goes to $275, are you going to buy or wait for it to drop more".

Tahiti is a magical place.

Rather than open a new thread I'll just activate this one up from the grave
Seeing how we are now nearing the 250+ range and moving upwards half a year later a better question is how you feel about it at this point in time.

So bitcoin is now at $250 price floor and i feel itll go higher until it reach $300 this my prediction but hey
you might never know... also it feels nice to see that the price of bitcoin is still at the range of $200

Somewhere in between 13? -- 14? -- 15?

https://sidoxia.files.wordpress.com/2010/11/sentiment-cycle-comments.jpg

Looks familiar?

http://michaelsincere.com/wp-content/uploads/2014/06/figure_1.jpghttp://michaelsincere.com/wp-content/uploads/2014/06/howto2.jpg

Heading for denial?

http://www.ritholtz.com/blog/wp-content/uploads/2010/04/survivorU_sentiment_cycle.png

the despair phase is the bastard one, because it's the one that you don't know how much it will last, while bubble normally, don't last very long

i also think we are in a very long despair phase, the halving is the only thing remained that will force an exit from it

Not that worried in anything though, because I'm still up on my investments. :)


I think so, too, seeing that most people are either spreading fud or are outright delusional on their claims.

Yes me too. I am well above my entry point at the moment. So I am not worried much. Or to say, I am not putting so much pressure. Eventually, I know that this baby will launch again.

If anything, the despair phase that you guys are talking about is one of the last negative phases. After this passes, I guess that we must be going up. This will coincide with the halving as well!

All in BTCeanie BTCabies.  Bear market can't last forever, recovery inevitable 8)

I'll keep holding my coins until I am dead.  Reason being is even it it skyrockets, why would I be selling them.  If it bottoms out, still why sell them.  I will always try and keep some coins, while maybe selling some to gain ends.

Use some and keep some. I use bitcoin to promote the adoption of bitcoin so as to increase the value of bitcoin.

Your descendants will be very happy.  ;D
At some point, you should be able to enjoy the benefits of being an early adopter.

back up to 275. probably test 300.

not sure bitcoin will reach $300 even though in the charts price up. im sure after $280 price will down

Hmm, Guess you are wrong.  It hit 300 today, granted it dropped right back down but it still hit even if it was just for a little bit.

Yes tested $300 levels well in advance. Some people may book profits if they have mind set of $300 as their target. So usual pull back of some $10 is most common. I believe we can see $325 within this week.

I agree the despair phase this time around was much longer and far wider than anything else, it broke the year to year trend where Bitcoin was higher every year since its inception and in addition the period at which it was steadily declining lasted for months.
Now that we might be seeing an exit the remnants of the false range of $400-$500 is still on the minds of long term holders so we might just start to see if people will start becoming bullish or nervous yet and break through a long-run target.

Price is more than $300 now. This time the price rises quite steadily. Maybe $350 by the end of the year.

We are moving a bit faster than I like at the moment personally. I would rather see it set a new floor first before continuing the way upwards.

Granted, I'm happy we are finally seeing green weekly candles in a row again.

I agree with you. It has risen a bit too fast. However, the price has been in the range of $200-$260 for about a year now. So it is reasonable for the price to break out.

http://www.ebay.com/itm/Cypraea-Garciai-extra-rare-18mm-Easter-Island-shell-seashell-GEM-/252063940245

Let's keep the faith that BTC will reach 1k$ +

I have the faith that BTC will reach $1,000+. But not next year. It might be in 2-3 year's time.

In 10 years, it will be $10k.

Yes I too will have my faith on bitcoin. It needs some more time to get good prices in slow progress. A quicker rally may end in quickest revert. But I do not believe that price will hit $275 again. It got reasons to go high more and more to go beyond the previous highs.

http://img.pandawhale.com/61880-George-Michael-its-happening-i-dNrF.gif