Bitcoin Forum

Bitcoin is a dying market because the world is not interested in it after all, even worse is that a huge inflation of 3600 new mined bitcoins have to be sold/bought everyday, in the same time more and more better 2.0 coins/platforms/techs are coming out, the whole thing is not looking good, therefore most smart investors are getting out by selling tons of coins on the market.

That's why the market price is dropping hard, during this crash, some wealthy investors would create many fake recovers with their cashing out plan in order to reduce their losses, technically speaking in bitcoin's case, they create dead cat bounces to slow your selling speed and cheat you to buy in during the crash, ie:

Lets say the bitcoin price at some point was $600, it flash crashed to $300, later it surprisingly bounced to $400 (a fake recover made by a wealthy investor who is waiting to get out but still has the ability to partially control the market, most of you will think the downtrend stops at here, it would go up soon, so you couldn't wait to buy), soon as enough people bite at the bait, BOOM! $200 it is.

The question is: Does $280 makes you hope again? or should say Are you ready to get scammed again when the music stops?

https://i.imgur.com/jYt6whu.jpg

Hi, where'd you go? You seemed to have stopped your rampage of repetitive trolling for a while!

 Happy New Year!

already it's crossed $280 now....

 :P

i told you guys before that 2015 will be the bitcoin year wait for march i think price will go higher to higher from march or April ...don't lose hope & don't sell with lose :)

Yeah we are ready to get scammed again once the ponzi inflates to $10k it would sure then deflate and you can come back with your bouncing cat picture just on a different order of magnitude scale. Keep your efforts up, I'm sure it pays.. somehow.

that means you, and many others are just gambling for the next ponzi bubble (unlikely, since there is a huge inflation and others 2.0 better techs are coming out) to get rich quick?

Of course (through your broken English), you are aware that bitcoin has exponentially falling inflation? That the rate of inflation halves roughly every four years?

Wake us up when any 2.0 tech has any utility as s currency or store of value.

Meanwhile bitcoin is currently a scary great buy IMO.

No attempt at trolling, but really: again a great buy? Even you as a permabull must admit this has been said the entire ride down so far. Talking about going down: how much are you down Inca? I wonder.

He lost so much that he can't even think/talk about it, he is making himself a nice dream of "profit in the future"
You are not allowed to ask this question to bring out his pain

Well the coins I bought in second half of 2014 are down. But they are offset by the larger number of coins bought in first third of 2013 which are still massively up.

Let's be honest bitcoin has had  brutal bear market. Who knows what has driven it so long and so low (just a few actors I suspect). But if you treat bitcoin as a binary outcome (false dichotomy I know but they are the only outcomes which matter to me) and don't invest more than you can afford to lose then btc is a scary but amazing buy right now.

Anyone buying coins in the 2011 bear market was ridiculed just the same when btc was 2 dollars. By trolls like OP and people sounding sensible but just being plain wrong like Edward50 or Nagle or XiaoXiao etc.

$820 is my new year's resolution

What do you think will be the march projection of the bitcoin price?

The hope returns @ $350

I expect the same in just couple of days....

Bingo...

who are sold their Bitcoins in panic, loosers  :D

I'm still saving myself for 10k.

Personally I would like to see the price reach a level where it is stable, not overbought or oversell and where the price don't fluctuate like crazy and it will encourage people to actually use bitcoin as a currency. And yeah, although 280 sounds bad, that does put on some hope if we try to look at it positively.

Enjoy the roller coaster as it is, for now.

If it crash to $200 will that be a problem for me? No. I'll buy plenty of coins.

Use these fluctuations in your advantage while you can. Scoop up as many coins as you can.

Wake me up when perma-bulls won't take for granted that BTC will go up ad infinitum just because it recovered from crashes/bear markets in 2011-2013 when it was ridiculously easier to do so.

BTC will go up forever, because math.
Apparently...





In 2 years:




In 3 years:




In 4 years:





Hell, make it 1 quadrillion in 5-10 years.

It is actually just as easy for the last bull run to repeat as before. Easier given new leverage trading tools.

Bulls expect gains because the fundamentals of bitcoin growth are strong and the long term multi-year trend is up.

You are short because a line on a chart points down.

Who is to say who will be right this year. But in the end retail usually loses.

The further down we go, the greater buy it becomes, given same or improving fundamentals. It has been a great buy since $600 for me, so just an amazing XMas sale of buy 1 get 1 free at $300.


No, that does not mean that. I was making fun of the silly image in post #1. There is no such thing as the "next ponzi bubble", ponzi by definition works only once. There are no better 2.0 or 4.0 techs coming out, there are some tiny experiments going on now which are infinitely worse than original, yet. And no, get rich quick is not exactly my plan. Yes, I like to see bitcoin succeed because I do believe in it and have some vested interest to support my belief, but whether it will be now or by 2050 does not really matter. Yes, I also do make money by selling into peaks and buying on the dips like we have now, that helps reduce volatility by calming down the scared or overexcited traders, and also makes me money, so there is nothing bad about it. But it definitely is not the only or even the main thing why we do support bitcoin. If it stayed at $300 forever, I'd be very happy for it, too, as it would allow it to fulfill at least some part of the plan. But reality is, it will have to go through many more vicious cycles of price explosions, ending either at infinity if it takes over the world, at zero if it fails somehow, or as some medium-volatility asset like gold, no way to know the end-game, yet, so we take the risk together with the thing that we believe in - it's normal.

That answers all your questions?

Looks like Bitcoin's getting set for another year of blowout sales :)  Can you even believe your luck?!

Maybe buying right now would give you 1.1 bitcoins free. Better than 1+1 .

I try not to invest too much in abandoned beta projects.  What's it up to now?  0.10.0rc1 after 6 years?  :D

Why do you have funds sat on bitstamp then? :)

Whats difference if it would be 10.0 or 0.10?

I said "invest too much."  What I have on stamp is dust--a small price to pay for the hilarity it provided.

The difference is 9.9.  Protip: Don't use beta software for critical applications.

inflation and deflation parts of Bitcoin wasnt shown to the public yet at $32 eh?  i love how some of you people conjure your stories and skew histories that are totally false. bitcoin was also pronounced ded at the crash from $32 to $2.

agree with OP: it's all pump and dump from here.

Bitcoin is done. Killed by inflation.

Will it be killed a bit less each time the inflation rate exponentially drops? The quality of trolling really needs a bump on here.

When the FED prints money to debase the USD, it's a bad thing, but when Bitcoin does it [at a rate that debases BTC an order of magnitude faster], it's awesome ::)

Do you really want to go there?

It's not just awesome, it's a fair distribution envisioned by Satoshi! While infrastructure is being built, everyone can get a coin because the supply is still high. He gave people enough time so that even the blind could see. See? :)

Don't be ridiculous-- he never intended a handful of factory megamines to burn more electricity than aluminum smelters.  That's not distribution--that's called a cabal :)

Also, you sound like a church lady quoting the red letter Bible--"Satoshi envisioned" ::)

Back to the 300 range is a good sign. May the upward trend continue!

Its normal price up and down, im still hope bitcoin reach to $1000

Hope for sure.  Hitting 300 today was also nice.

Despite all their supposed innovation no alt coin has really caught on and captured anyone's attention other than maybe ripple, and that has a whole set of problems of its own.

fact this rising. I hope to continue

no hope. in hiatus

I am not hoping anymore, it's not looking good at all. Bitstamp has just got hacked mate. How is crypto going to succeed if even a company like bitstamp cant control its money?

super-longterm-trend is broken. Early adopter bagholders asking in threads if they should dump. Permabulls admitted to secretly shorting while singing you the song of 10k$ a coin. Buypressure is gone. The problems in bitcoins design have become apparent and everyone is in denial of the facts because they need to unload their bags preferably at a higher price. Don't be the last one holding the bag when the music stops!

a blind man can see: trend is down

baghold harder!

(and use RED letters next time!)

Meanwhile following a double bottom and a year long bear market short interest is at an all time high.

Keep shorting retail.

but he have only 6 posts!

he used an other account before?

There is some truth in that, and the reason is that the price of bitcoin rose way way too fast the last few years.  In fact, bitcoin is somehow victim to its own success.  At inflation rates of 10%, the market cap shouldn't have been in the billions.  The fundamentals of bitcoin are at this moment still in the single or double digit range (that is, merchant adoption).  The Mt Gox manipulations have pushed bitcoin's price artificially up way too much too early.  What we are now witnessing is probably a return to normal.  Unfortunately, that goes with a long price decline (from speculative heights which were totally artificial), and which give very bad publicity to bitcoin at a moment where it starts getting more visibility.
My idea is that bitcoin adoption was planned to take decades (corresponding to the inflation scheme), and that, due to manipulation and overly speculative behavior, the price rose way way too fast up to a point where the market cap had nothing to do any more with its fundamentals.

It will now take - IMO - a very very long time before it can rise significantly again, driven, this time, by its fundamentals.

In a single digit range Bitcoin would have a market cap of less than 150 million dollars. Forgetting the fact that VC funding was nearly triple that in 2014 alone, according to coindesk Bitcoin is a payment option for businesses with a market cap of 180 billion dollars already. Those two numbers are not really compatible given bitcoin's 'float'.

You seem to value bitcoin solely based upon its usage as a payment rail. Which ignores it's main role as a frictionless speculative store of value, a digital asset with sound money properties.

Although it is rapidly produced as absolute fact there remains no evidence whatsoever that Mt Gox artificially pumped up the price in the last bubble. I agree the implosion has damaged public perception of Bitcoin to a degree.

Finally the market cap of bitcoin has never really had anything to do with fundamentals except perhaps at the lower bound of a crash :)

LOL Bitcoin was the worst investment of 2014, 85% lost, it will soon be 99% lost along with this downtrend

Your sums are wrong little troll.

Guys dont feed the troll, hes Faillling/Fewcoins. Same typing same BS.

The bear will say it is a dead cat bounce. We will know more when Bitstamp reopens.

FTFY

Thank you captain obvious, it was irony.. Doesn't matter what is version number, it could be 451234rc1 too..

so, tell us, what is the worst investment of 2014?

sadly, i think he was right :(

Teh "rc" in the version number stands for "Release Candidate."  That, my friend, spells Beta with a capital F (which, in turn, stands for "failed to get out of beta after 6 years").

and its coming down again which makes me cry :* ( +_+ hop3 it get back to 1k :P  ::) ::) ::)

I know, so what? Google Gmail had beta status for nearly 6 years too, until 2009.

Not quite 6 tho.  Bitcoin's a clear winner! :-\

The price will likely come back to 1K in 2015. Right now we need to solve the bitstamp problem.

yeah, it's a doublebottom after a tripplebottom. You'll get lots more double and tripple bottoms on the way down.

Yes, satoshi expected adoption to take decades - but that's not how it went so he was wrong.
The real question is: Will we modify bitcoin for faster adoption? Or will be just relaunch it according to the nature of the informationflow on the internet? Or we just tell everyone to go back home and forget about it until next 10 years?

This holding on to a faulty coin has become UNHEALTHY!

always excuses, can't they stop fuding people to buy bags?
$700 is bottom
$600 is real bottom
$400 it can't be..
..
$280 to da moon..
..
$1?

at one dollar they tell you "didn't you get out? You had plenty of time."

Permabulls are just permabulls for the sake of unloading their bags. I hope you don't fall for their bullshit.

Just look at all these newbie trolls! It's the Fail Army!

they come here to warn us, brave selfless soldiers of truth :) so adorable with the fear mongering I almost want to give them candy.

I feel like it is going to sort of normalize around its present value, maybe a bit less, for a while

No, I still think he's right on that.  Adoption is by far not general, and will take decades IMO.
The only thing that happened was that speculation pumped up the price way way higher and faster than he probably expected, and now we're in for a big correction after all disappointed "quickly to the moon" dreams turn out a bit premature.


The last part.  Which was the idea from the beginning.  You don't even have to TELL it anyone. 
Of course a potential change in the fundamentals of money will AT LEAST take a few decades.  It is much more than a technological adoption.  It is a total change in the way one does finance, economy and in the perception of value and money.  That takes at least a generation.  No wonder Satoshi programmed the creation of the coins over 140 years.
Thinking that accepting a totally new money would be similar to the adoption of facebook is ridiculous.
Even much more modest changes took decades.  The releasing of gold from fiat took almost a century.  Accepting e-mail as "legal document" took a few decades since the invention of e-mail.  What did you expect ?

Whether it works out or not is a big question.  But the answer will not be available before a few decades.

The fast rise in price by pure speculation (essentially on "to the moon soon") is a problem, because instead of a slow rise which would have comforted adoption, we will probably witness a very long decline until fundamentals are met.  A long decline history is much worse than a slow rise history.

At least increase little from last time 260 $ is terrible

It has been between 270 and 300$ for a few days which is putting a lot of pressure on miners but it should go up again in the future.

Sure it will go up next weeks

nope
stuck at $280
dream to comeback at $1200

Is what we all hope.

500$ seemed cheap and now we are at 280$ which is really cheap relative to the price that we will have when the legislation and use of Bitcoin are better and when fiat currencies fail.