Bitcoin Forum

http://www.macrobusiness.com.au/2014/03/bye-bye-bitcoin/

I know that ignorance is a bliss, or so they say but....
Give us a break here!
Why are governments and the media run by ignorant people?

Any comments?

Will soon 10,000 BTC be worth a pizza again.

It'll bounce back. Always does.

Maybe...
Then again it might be $10,000 for one BTC by the end of the year.
Who knows?

Of course it will.

We are all waiting like wolves for the price to drop more so we can buy more  ;D ;D ;D ;D ;D ;D ;D

So, if the Chinese are freaking out and selling then how comes Bitmain sold not one single coin?

https://blockchain.info/address/1QB8Ds5KbGYBLQa5RyDQ2sVUeSKWf7qgkZ

I have a foreboding about the fate of bitcoin. Do you?

Ever wonder why it's always the newbies that have that feeling?

+1

It's about to rally.

Time to open a Pizza shop.

There is gonna be one heck of a bump on 4/16.

With this recent price decline I'm just using it as a buying opportunity. Picking up a little at a time. There is to much BIG money in this now for this to drop to 2012 levels. Those guys are just going to snap up all the bitcoins from the weak hands. I hope I can just get the scraps!  ;)

What you said is too exaggerated.

lol what are you waiting for it to hit $100?

Still hold my bitcoins , but i am panicked now. I paid $800 per bitcoin. :'(

I'd probably sell if I was that far underwater. The market hasn't even reached a bottom yet, so you can always sell and rebuy once the market stablizes.

It's not like it's going to turn around over night from a sell off like this, the markets going to have to test a new bottom. And will probably trade in a range for a while before any form of recovery occurs. My guess is a slow but steady recovery, but I'm unsure of how low the bottom will be this time.

Speculations :) speculations :)

Bitcoin is here to stay with us. Whatever price is going to be - it will never take away Bitcoin from us!
♥BTC

I had a friend that bought at nearly 200, then it dropped to 75. She held hers and is doing fine. I panicked and sold a bunch at 75. Never again. Be strong and remember why you got into Bitcoin.

$380 actually  ;D ;D ;D ;D ;D

Hey it's a gamble, I placed an order for 10 coins at $380.
If I get them then I am lucky  ;D

It will go down to 300-350 and stay down below 500 for awhile.

But before 2015 it'll be 1,000+ again.

Before 2016 it'll be 3,000+

before 2017 it'll be 5,000+

before 2018 it'll be 10,000+

I believe you are RIGHT :)

We will talk about it 1t Jan 2015 :P

Where did you get your crystal ball?

Those are predictions/speculations :)
nobody know a future isn't?
:)

So you do not need a crystal ball :) just use your imagination and future informations.

You're very conservative. Krugman?

I bought mine at $15 and then they were down to $1 if I remember correctly. And I was broke and couldn't buy any more.

Ha! I was in the same boat. I was lucky to afford to buy $20 worth a paycheck. But you know, I think we will see the same performance in the next three years we saw in the last two years. Every little bit helps.

Don't miss, to sell.

You want to buy isn''t?  :-) good for you. But do not suggest people to sell. Let they choose on their own what to do with their coins.

+1

I too like to buy cheap coins but I usually advise people to HODL!

100% true

2015 for bitcoin, will be the same as 2013 for Liberty Reserve

Hold the line.  Noone is buying into the sell orders of the Chinese holders.

I never heard work colleagues talking about "Liberty Reserve's" impending doom* over coffee.

Also this thread and some 1000 others in "Bitcoin Discussion" probably belong in "Speculation" but I guess maybe it's time to accept that this sub-forum is now lost.


*(...followed by the question of "what if I want to buy just a few where would I go?")

I am 25 and I invested my (small) money almost all I bitcoin, mostly when it was 830 and some when it was 600.  I am really panicked. Please give me some advice. Will bitcoin grow?

No

What you mean? A cat will it Doge? :)

and what will happen then??

I do not understand what you had on your mind :)

Check technical aanalysis:
https://www.youtube.com/watch?v=HKUygyi7apQ&feature=youtu.be

I bought in at 550 (back in december) then 815 then 915 then 700 then 630.. then I foolishly sold some when the GOX news was released right around 500, then bought back about 600, just bought a little more at 455 now.

Holding for long term.  I learned my lesson trying to play the market.

I will surely sell some pizza then ;)) will accept 5k too ;P

I expect it (and alts) to continue dropping for the next 4-8 weeks - Chinese no longer buying - the money to fuel the fire has simply evaporated. Ordinary Mom and Pop investors in the west have been scared shitless by the MSM. The only hope left for BTC is Wall street - but why should they pile in to save a sinking ship? Nothing to stop them from starting their own currencies. Ultimately, BTC is a dinosaur and inferior to a number of new alts which are much cheaper, and much faster.

Right? Then explain this:

https://bitcointalk.org/index.php?topic=550600.0

The press is very ignorant. Bitcoin was supposed to dies in 2011 and then twice in 2013...lol and it still lives on.

Nobody can eliminate the Bitcoin.

Many have invested in mining. They wont throw away their asics.

Yes Bitcoin was dying so many times that is is hard to believe that is will ever die (for me).

And as we know- it will not :) even if the price will drop, so what - Bitcoin will stay with us forever! :)
(I believe)

shit, i already spend my 3k month limit ...  :P i can't buy bitcoin now !  :'(

It has been wounded several times but couldn't die.

It will keep a stable pace upwards, whatever happens.

Steady flow of orders coming in. Good to see they can afford to run best hardware business of 2014 without cashing out customers btc  :o wow.
I can see my order there.

If you can afford to be without your money then I suggest you hold onto the bitcoin for a while as I do think we will see higher than $830 again. It could be years though.

If you can't afford to be without that money to the point where you can't afford your home and food then you should never have gambled with it and you may have to start thinking about liquidating your assets at a loss. That would be a shame but it's a hard lesson that must be learned.

I guess you did not want to hear any of that and were just hoping for people to all tell you that bitcoin will definitely be at $1,000 by July.

Wait.. Don't just panic sell. This is affect of some bad news and china stuffs.. but now "
BTC-E is going to accept Yaun as payment. - http://newsbtc.com/2014/03/30/btc-e-adds-chinese-offshore-yuan-trading/ ", so probably it will boost the price again/ Wait and watch!

Don't Panic

Trust the underlying technology. Trust all the Bitcoin ATMs being installed all over the planet. Trust all the money flowing into startups built around Bitcoin. The general population is just learning about Bitcoin. It will continue to spread. Bitcoin is just started.

I have gone back to work and will use the next few months to buy some more cheap bitcoins.

I'm 31 and at 30, I invested 50% of what I had made in my entire life at that point in BTC and BTC mining gear.
Bitcoin will persevere.  That's the beauty of this all.

I am not worried at all.   :)

Cryptocurrencies will be around for a long time, that's for sure, but the investment strategies of some of you are very weird.

You buy at 800/600/400 and expect to profit in the short term. That's weird. At $800 the market cap was around 10 billion. To get a measly 100% profit, the market cap would have had to double to 20 billion. That's not possible now.

I'd understand this strategy with a coin of $100,000 market cap that could easily go to $4 million, but not with something in the billions.

---

Also, mining Bitcoin is a dead end. You gain much more combining GPUs and Scrypt.

Wow, if price hits the range of $435 and a bit lower, a shit load of coins will change hands according to Bitsamp's order book.

It's normal to see big pending orders below the current price. Most never get executed; they're canceled and moved down. With the price now at 444, the walls have moved downward again.

rotfl, good luck :)

The good news is that it's now hard for me to find someone that hasn't heard of Bitcoin. The bad news is that everything they've heard is bad news.

Be strong. Do not lose heart. And hold onto it.

Bitcoin went from $17 to $2 over a 3 month period and then slowly climbed from $2 and $15 for 14 months.  It also went from $266 to $55 within 48 hours, and then settled about about $110 for the next 6 months.  $800 to $450, or $1200 to $450, no matter how you look at it, isn't some shocking thing.

The advice you need is that you shouldn't risk money that you can't lose.  I have near 100% of my net worth in Bitcoin, but I can also get a job almost instantly if I go broke, and I have friends and family with warm couches just in case.

Because the majority of people who do productive work are already hired creating jobs industries and other things and this is what is left once the innovators are doing something else

That's a bit mean as a generalization but the media has been trained to have bias over the years

who cares about the frogs singing on the sidelines?
When do you understand that they don't want bitcoin to succeed? Media tries everything possible to keep it depressed and then they tell you 'we said so'.
Those same people will start writing articles about the coming crash as soon as prices rise again. Don't you get the spin?

Only bad time for btc now. Hang on all, just buy more btc and do not sell them.

its the Chinese not us  ;D

Thanks for good advice - I would recommend the same for other :)

Good luck!
♥BTC

Two Pizzas and a 2 Liter of your favorite coke product.

Clueless frightened speculating poorpers who were praying for a get-rich-quick scheme, are panicking because it's taking longer than they thought.