Bitcoin Forum

I came into Bitcoin at the beginning of 2013.
Reading a lot on this forum, I always was jealous of all the people talking about how, they were in the first row, seeing previous crashes. Damn, I also wished, I would have seen that. the MtGox crash 2014 doesn't count in my opinion, since there was a big rise before the fall, and it ended at a higher price than it started.
I think, now is one of this cases, I can tell my grandchildren about or at least, the newbies in 1-2 years. "Saw that, been there, move along"

yep, we are all part of the BTC - history  ;)

It is pretty exciting.  Today I saw Bitcoin go down 25%, but still I am excited. hahaha

It is very exciting. I got into it when it was around 500 dollars, thinking wow, how could anyone even get a slice? I'm looking into actually purchasing soon, and I can only think there are lots of people out there, just waiting for it to hit their magic number to buy up bunches.

hoping to buy as well, bitcoin will never die!

Your right.. there are people waiting to buy up bunches. and guess what will happen when they do? The price will spike some, the buyers will then dry up and newly mined coins will continue to hit the market driving the price down again and to new lows. I wouldn't touch it unless it goes below $30 or in 15 years when the reward is super small.

This. We need to stop the miner hemorrage. But how the hell? We Need miners for this thing to work, but if the price keeps going down we are fucked. Satoshi didn't predict this happening? I wonder what are his views as we speak.

There's no "miner hemorrhage" so far. The network is holding well. A few miners may eventually switch off their computers for a while, but that's not enough to endanger the whole network.

How do you know Satoshi didn't predict this thing? Even if he predict there nothing can do. All of that depend on the user of btc

very good, great to see this. Because,  realize I'm not alone.

Mining always trails the price. You won't see an immediate effect on the hash power now, but it'll eventually slowly react. Be prepared for longer confirmations until the next 2 week network adjustment.

I am just getting ready to step into the Bitcoin market. Not sure that this is the best time though?

could be a very good time. welcome, here on the rollercoaster

If to step into bitcoins means to use it as a spendable coin. Then do it. But if you want to use it to speculate, then dont jump in with money you cant afford to lose. No one can predict the future.

Since Satoshi was very familiar with game theory, I think he also predicted this things. Miners have to find their place in Bitcoin, like many other people. Sometimes such adjustments hurt, but they are not really something that is special in Bitcoin.

This is gentlemen! LOLz.

Exciting times if you have a bottle of pepto next to you and will of steel:

http://www.brainlesstales.com/images/misc/bitcoin-roller-coaster.gif

It's about perspective and timing really.  If you came in during the highs of 2013, now is a really terrible time.

Exciting to say the least.  I have been involved since 2010.   I am going to be writing a major post to address some serious issues.  I have gotten little sleep the last 72 hours, thinking and contemplating the future.   I am made many predictions that have some to pass on these forums and speaking to various members of the community. 

It's more like ...

https://i.imgur.com/osEroUI.gif

I think it is caused but government mandated forced selling from Russia and China.  Google Russia and bitcoin, they have to sell or face a fine.  Same in China.  The Russian ruble printing is a source of taxes in Russia, 10-14 loss in purchasing power in a century.

Yeah this is really sweet. Even though so many are losing money

It really sucks for them. but hey, I've still seen some bitcoin history

They are just losing money if they convert their BTC to fiat.
I have a little stash of Bitcoin, I didn't want to touch in the next years anyway.