Bitcoin Forum

Every single major crypto is down in the double digits. The price of a single bitcoin has reached its lowest point in 14 months. What's going on here?

http://s11.postimg.org/yvbuxee03/argh.png

The only cryptos in the top 50 that have gone up in the past 24 hours are 17. Marinecoin (979 percent but with <1 BTC volume), 24. BitcoinDark (0.57 percent), and 48. Unobtanium (16.46 percent).

Several things I have noticed as of late.


Forbes came out 12/31/14 with an article on Ethereum.....


....dollar is only going to get stronger for awhile ......

....Paycoin fiasco ..... really is pathetic ......


.... Bitcoin is no longer cool ..... people have lost patience with it ....

BitCoin needs to pay out $30 million + a month to miners just to sustain it's current CAP not easy in a bear market. It's also a victim of it's own success. The more utility it gains and the more people spend it, the more downward pressure is created as retailers don't hold it due to volatility. So a sale in Bitcoin almost equates to a sale of Bitcoin.

A bad 2014 and passing a key psychological $300 barrier are probably to blame for the more sudden fall. As most coins are priced in BTC it takes everything down in dollar terms.

But here's the pitch... Not all crypto's are alike,

BitShares has low inflation costs and retailers will be likely to hold BitAssets more due to their low volatility, privacy and that they pay interest. As each BitAsset requires 300% collateral to create, unlike Bitcoin a little BitAsset demand goes a long way.

BitSharesX's merger into a single BitShares cost them valuable momentum. I think their goal now is to get 1.0 out and everything required to use & integrate BitAssets as simple as possible and then market hard, all happening in the next month. Once they rise over $100 million and pass LTC etc. (That is doomed, currently trying to sustain 30% inflation.) Then BitShares are the next decentralised alternative to Bitcoin. Though crypto is in a bear market, if BitShares has similar demand and use it will shine because of low inflation and the nature of BitAssets.

well, there was a winner today ... and it is known for NOT bleeding a lot

http://oi58.tinypic.com/1z57ojo.jpg


what i don't get is why people torture themselves with the long halvings and high inflation - so i bought uno - and i'm a happy camper  :)

halving only every 4 years is a mistake imo

People are shying away from the major crypto's and moving into the minor crypto's eg: DGB, BLU

Baby we've gotta Hodl on to what we've got... it doesn't make a difference if we make it or not. (Which we will of course.)
Everyone just hodl on, Cryptocurrencies are a major improvement on currencies and can benefit many people in the world. All we need is more knowledge, how many people even know that Cryptos exist?

Guess you picked the wrong ones

its a great day for cryptos, those who'd thought they'd miss the crypto boat...well their ship has come back in....

my guess though is few have the ..... :o to buy now; and will cry again later about missing the boat while getting sucked into every second get rich quick scamcoin.

as the old market saying goes 'buy when there's blood on the street even when the bloods your own' ;)

nows kinda half of the whole 'buy low sell high' equation, a time when investors cry but traders grin from ear to ear  ;D

Here are some reasons:

1.) January 04. Majority of people are on vacation and not much trading going on.

2.) BTC price is crashing and people are converting their BTC into fiat to save their ass.

3.) Lot of people sold crypto on 31st December so they could report it as "loss" on their tax return.


We'll be okay by 15th of January. Right now it's good time to stock up on good coins that are being sold for cheap price.

people holding coins are losing a lot, I know a guy holding 60k ltc that he bought when it was $8, and he is still holding now, do the math

LTC is going to die, I can't believe this guy still hold it.

I doubt very much LTC is not going to die. The writing has been on the wall for the past year; how anyone can't see that is beyond me.

bitcoin dies and takes litecoin with it.

The aera of inflation will come to an end and we can finally trade coins for profit.
It was just very unfortunate the first mover was economically flawed (coders are not economists) and a pitty that inflation was copied so much.

BTC and LTC success shouldn't be based on price vs USD,.

these both are constantly improving in value.

few noobs on the forum saying ltc is dead (mostly to pump their own shitcoin), wont change the fact that ltc have a audience far above the rest of the alts put together.

the orginal dev created something to avoid the mistakes that every failed alt before it had made, did a good job and ltc will continue to succeed.

litecoin is very good in bleeding. No idea who actually are the buyers.   

joining? ltc was not made to avoid asics like many noobs mouth on in here about, asics wasn't even an issue at the time.

ltc been one of the fairest launched least scammie coins out of all the alts here, something everyone knows.

atm traders who don't follow the masses and are smart enough to buy low sell high.

noob do your research not just listen too the dribble of your fellow noobs, asics wasn't even an issue or considered at the time ltc was developed.

and nothing you quoted states ltc was made to avoid asics, again because at the time of creation asics wasn't an issue, ltc may have been created to be gpu resistant but it wasn't created to be asics resistant., and any of that was only a side benefit at the time and no major point to its creation.

Pointing out the whole list is redundant. The prices of the altcoins are still against BTC, so no point in showing them.

What the table does show is that the Paycoin scam is finally unraveling, and that Litecoin doesn't have a future but then most knew that.

My prediction by the end of 2015;

Bitcoin >$USD4000

Litecoin >$USD200

most other alts staying bottom dwellers

I'm not wrong, litecoin wasn't created to avoid asics, thats a fact.

Either you are doing some epic trolling, in which case I would say congrats for keeping such a straight face. Or you are seriously deluded in which case I suggest you seek help. I am serious, you still can make a huge profit if you invest wisely and not get blinded.

hell I say that about bitcoin and I don't have or intend on acquiring any bitcoin, nor am I a fan of bitcoin, wall street will pump it that there is little doubt..

seriously it was gpu resistant, everyone at that time said gpu mining would killl ltc, it happened and it didn't kill it, made the network more secure, then asics came along and everyone used that bs argument it was created to be asics resistant, and asics would kill it....and it didn't....research history, research charlie lee how when why and where of ltc's creation.....

I think that is not possible anymore. Too many "alternatives" are available and lot of BTC bag holders are moving towards crypto to increase their earning. Many are looking at BTC as innovation that was given to us by Satoshi and our job is to make it better by copying its code and add something to it. You can't get glued to BTC. It's job is done. There are many crypto that are 100x better than BTC as far as technology is concerned.

BTC will always be here because it's easier to convert it to fiat. Everything has a purpose in life and that was BTC purpose.

been around this forum, trading in and out of these shitcoins, and I'm yet to see a single innovative new crypto lol

'innovations' just the term to sell suckers into the latest alt scam.

the more shitcoins the greater the chance ltc will succeed, and become most peoples goto alt.

man I hope you are correct ..i have a batch 1 knc titan no roi no refund from www.kncminers.com....so if (not counting elec i'd lose a month say 140 usd ie just out of stubborness..it makes a dandy space heater) i can get 1000 LTC out of the beast..that would be great

hell $11 for an LTC coin would be great but at 2.17 usd  at 6 LTC a day at 305mh on www.litecoinpool.org.... er not so great

but with this 1st batch Titan even thou advertised as an ALT COIN MINER really is only stable with LTC from what I've tried and seen told on forums by others....so kinda stuck with LTC
now with last firmware...to try to get at least..... if lucky (my alt coin stuff is a biz) 1/2 of my orig purchase price back eventually with equip depreciation and whatever  the frack i can mine ..ie string this rubber band out maybe to 1000 LTC before i have to shut it off (at around 350 LTC now) due to elec costs and difficulty

anyway long odds indeed....but on the flip side BTC could be worth 2.17 usd end of 2015 and all alts including LTC could be toast

we will be the first to know (as i run my last home miner down to doorstop status...it does again however make a dandy space heater!)

so it goes

Lot of crypto have learned lot of things from BTC..just look around. URO, BC, SDC and many more. There will be many more in 2015 and only few will be selected. By the time we reach 2018 we'll have good selection of crypto. BTC is godfather..just like newton, einstein, graham bell & shakespear. We have to take the idea satoshi gave us and keep making it better.

Capitulation? Bitcoin has failed to make the most of its 15 minutes (12+ months) of fame and has not met the challenge of adoption. Neither has any altcoin, yet. Sometimes you have to go down to go up. Maybe this is what gets devs and the wider community to be more serious about what we should all be striving for here.

nothing we can do but hedge our bets and convert some crypto to fiat.  i personally like holding bitstamp.USD in ripple for easy conversion back to crypto.  also bought some nubits for the same reason.

could be the beginning of the end.

You've got to be kidding.

Stop panicking people this is not the first and last day  with such prices on market.
Have a little patience..

You are fighting a good fight, kelsey.

Simplicity and stability of the rules with enough degrees of freedom for competition (PoW) is the only innovation that a good money system needs. Everything else will be provided on top of that.

Bitcoin is an icebreaker, Litecoin is a light beacon - together they show the way.

Yes that is true but as usual some people need to buy BTC in lower than that prices.

funny though anyone been around long enough has seen the same ol cycle before, triggered by manipulation then the sheep stampede for the door, then soon enough a pump cycle to a new high.

etf listing will be the excuse for the pump, dumps just for those to stock up before  ;)

but you guys dribble in this little backwater scamcoin forum section matters not, this sections avoided by most crypto enthusiasts except the scammers and those suckered in believe the next big thing hype cause they perceive they can get rich quick off it.

good luck with ur shitcoin each new one dilutes ur chances....but keep telling yourselves its 2.0. or innovative or anon or whatever flavor of the weeks popular.

Everybody just needs to calm down and realize:
There is only the pump.

Unobtanium has been on a nice, steady rise since July.

https://pbs.twimg.com/media/B1oelmwIAAA9_Co.png

Well, when cryptos finally hit the floor they will surely rebound again... crap and scam coins are an exception

bitcoin is useless!

Abandon ship!

Stop preching it to high heavens!!!!
It is bleeding for more than a year!

Nobody wants it!!! I repeat: NOBODY! LET IT GO!


Burry it. Admit it's a fail. Tell the world the next will be better and do not talk about it again!

Bitcoin is a shame!

Well, I reckon it's time for people to recognise that NXT is a great store of value these days. Controversial, but true.
Take a look at the 'ALL' view on CMC, with 1 hour, 24 hour and 7 day figures:

http://coinmarketcap.com/all/views/all/

http://i58.tinypic.com/whzbpi.jpg

In that list, which crypto has had the smallest drop in real value over the last week?

Um... waaat? :D

cryptos are failing big time ,but maybe some money can be made here, but it is a hard market out there.

convert some to USD now.  bargain hunt later.

There was almost no green prices on coinmarketcap yesterday. The only alts going up were a few low volume ones.

humm
http://s26.postimg.org/kwxh4iun9/uno.jpg (http://postimg.org/image/kwxh4iun9/)

Watch the amount of btc made a day. Starting 1-1-15 4,000 btc a day. 4 months ago it was ~300 btc a day.

We just need all sellers to finish selling and give up. then there will be no coins for sale when people rush to buy all at once.. the sell side is looking thin to me

There are a lot of talk going on around the world about virtual currency such as Bitcoins and others.
Many are arguing that virtual currency is a reality and that it's here to stay. I personally agree with this proposition

It hasn't failed. As far as adoption is going it is doing pretty well and will likely continue from strength to strength during the course of this year. Many investors are putting millions into bitcoin so they obviously see the value in it.

Why are you only looking at the fiat price of bitcoin as a mark of its true value? Most of us can see past that and the potential for future gains once its full potential is realized by industries and the rest of the population. Price will be erratic in the initial stages but will hopefully be peanuts compared to the future value.

I'm sure it will go up in price eventually, and when it does the alts will be worth more than they ever were. It's difficult feeling like a bagholder today, but in the future alt holders might find they have made a good investment.

These aren't the best days for crypto. But a coin like Counterparty, Ethereum or some other new coin no has ever heard about could change everything. The altcoin markets are messy these days, but there are diamonds in the rough that could reshape the future for the better - our one-stop dashboard makes it easier to find today's diamonds, and tomorrows...

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The answer is INFLATION.  Bitcoin is the driver of crypto and it is a poisoned well.  The inflation is too damn high!  And it lasts until 2050s.  But will be a great coin to hold in the year 2300.

Looking at your list:
Marine Coin is joke (some dude holds them all)

btcD ... stakes coin so all interest (inflation goes to shareholders) << not a tax to mining operators but a reward to investors who also mine.

uno ... POW but mining 15coins/day <<  tax to mining operators $45 ... superlow inflation ... a place to store value.

LTC = 28800 new coins each day (INFLATION) $56,000 tax to holders per day
BTC = 3600 new coins each day (INFLATION) $990,000 tax to holders per day
UNO = 0015 new coins each day (INFLATION) $000,045 tax to holders per day

Awesome.  The power of wishful thinking is strong here.

LTC = 28,800 new coins each day @$USD200 = $5,760,000 tax per day paid to the 'sCry' mining Co. (twice the actual $vol today)
BTC = 3,600 new coins each day @$USD4000 = $14,400,000 tax per day paid to the 'SHA' mining Co (bit less than actual $vol today)
UNO = 15 new coins each day @$USD4000 = $00,060,000 tax per day paid to the 'SHA' mining Co


@unusualfacts30
http://i.giphy.com/QRkhoTjSQqfV6.gif

What's your point? That's what young markets do. MY point was that UNO's price has been slowly rising since July. Feel free to post the chart of a coin that gained volume & value all year long.

https://i.imgu.r.com/s8AjZLA.png

http://www.dc-charts.com/chart_uno.php?ex=2&cu=0&sw=0&tz=8&ar=1&dl=0&js=0&sc=1&re=0

Come check out the UNO story and why it has been a good HODL for weeks and weeks now (as you can see from the chart).

https://bitcointalk.org/index.php?topic=527500.0

Another sad day for Bitcoin and the alts:

http://s30.postimg.org/vrlorvr9d/sad.png

:'(

The only coins in the top 50 that didn't fall today are Emercoin (up 900%), Marinecoin (up 130% but with 0.5 BTC volume), and CoinoUSD and BitUSD (which are pegged to the US dollar anyway).

^freakin ouch :(

BitSwift still hodling strong!  :) 8)