Bitcoin Forum

Except it has multiple times??

People no more weak holder and panic seller, price would not drop below $360...

Its quite simple. Just supply and demand.

And right now the supply is getting bigger and bigger everyday while the demand is getting smaller and smaller! Meaning the price will continue to go down!!! Its a shame!!!

I disagree,

People with money (billionaires) already see the investment opportunities now. Its just a matter of time. Bitcoin doesnt get this low typically and as soon as it hits a price, which it is getting there watch it rise.

People are panicking and selling it off currently, eventually(within 2 months) rich investors(billionaires) are going to put 1-50 Million into bitcoins, there fore less supply will be available and the demand is going to sky rocket. Prices will get back up to 500-800.

Just my opinion on this.

Kevin O'leary, youtube, bitcoin.

Billionares are clearly interested.

Exactly! JUST YOUR OPINION! No billionaire has got rich off of digital currency & none of them will since they won't buy in. Most own many of their OWN businesses... Why would they want to be a sheep & follow the herd like all you nerds. These people make real investments in real things. Not some bullshit Ponzi/pyramid scheme. If anything they buid their own pyramid scheme with them AT THE TOP! Keep that false hope to yourself so others can actually save their money and not lose it to the scumbags manipulating this market.

But many wealthy people have invested heavily in the space. If you take this, and large VC money flowing in, you are presented with a pretty positive picture on where this is headed in the future. Finance / banking / Central Banking practices / CC's / Remittance etc are ripe for disruption.

The two downside possibilities to consider here are;

1.) That this is another dot com boom that will end badly

2.) That the protocol can be separated from the currency

I don't think we are 1 although the investments in tech lately are crazy (SnapChat, WhatApp etc in the billions) and are indirectly due to QE & bubbles. Also a large economic implosion won't help any industry initially.

And 2 is up for debate.

Yes wealthy people & Venture Capitalist have invested in heavily in BITCOIN BUSINESSES only due to no regulation & insane profit margin. Who besides Tim flat out bought btc??? ??? ???

one simple reason: not enough buyers, miners can dump only a fixed amount, this mean that it's not their fault

and too much sellers

The reason is obvious. The facts are that the supply is indeed increasing everyday, but they are increasing at the SAME rate per day. Network hash has increased but the number of coins minted remain the same. This was the case when 50 coins were the reward per block. During that time, BTC had no problems gaining large amounts of investment.

Now, the reward is halved and many people say that the supply of coins is forcing the price down because there aren't enough buyers?

How about the BTC ETF traded on the Nasdaq later this year? Winklvoss will require the ownership of a very very large amount of BTC to make issuing these ETF's on nasdaq viable. They sure as hell aren't buying it up at today's prices. Furthermore, they have a few hundred thousand BTC already, and believe me, it wouldn't take very much of their holdings to start a downwards trend.

When the time is right, they can also eat up BTC faster than anyone too.

Just be ready for end of the year, have plenty of btc ready.

Actually that ETF isn't coming out... lmfao if you only knew man!

If satoshi dumps only 5% of his stash, price will easily break $360

I don't think we have reached that phase yet..it will be a little longer before that goes into effect.

^ You guys realize we are talking about BTC. All that alt coin stuff doesn't apply here. Last year I bought bitcoins for $145 then got scared from talk like this and sold for $45......then cryed myself to sleep when it hit $1300. Note there is a lot more going on in the world outside of bitcoin that affects the price. Everything is down right now because of what happened last month. Gold is going down to $700 a troy oz. The stock market is crashing.....bitcoin is a world currency, it may be decentralised, but it's still a world currency and gets affected by world events like any other currency. We need to be analyzing the US inflating the dollar last month that crashed gold, silver and the stocks. What about SWIFT and BRIC? What about the violence in the streets in China against their students and citizens right now? We need to focus on more than just miners selling coins and our BTC exchanges.

Sorry for the rant, just woke up, need coffee.

Note: Bitcoin was not created by some Kid with an idea on summer break. It was carefully designed by a person very skilled in game theory, encryption, economics, finance, programming, and law. We are heading to the phase (in the near future) of Satoshi's plan where the governments will start creating regulations about BTC. This is the "Suspense & Drama" phase. The prices will fluctuate dramatically for awhile. That will happen when we fully reach the middle of the bitcoin plan where the governments create regulations against the Bitcoin system that the people are already adapting to. These regulations will actually make the people resist and revolt against the old money system even harder. This also creates more people learning about Bitcoin and not wanting the old money system either. Because of this, the government, to some extent, will eventually have to give in. Smart contracts will be the beginning of the completion of the "Kola Ring" that was foreseen and designed into bitcoin by Satoshi. Like I said, this is wasn't created by some Kid. Bitcoin was not a whim, it was decades of contemplation, study and waiting on the advancement of systems needed for its implementation. Satoshi could see so far into the future, because he could see so far into the past. He surpassed Adam Smith by learning from the history of the Indians that went so much further back than anyone could have known.

*Updated to correct from  "present tense" to "near future".  ~Thanks

Am I missing something, what do you mean its not coming out?

All people thought having wider adaptation and merchant acceptance increase the value of bitcoin.

Little do we realize that only create more sell pressure due to merchant not willing to horde bitcoin.

People no more weak holder and panic seller, price would not drop below $360...

Actually, I really think this point is being overlooked. All the big merchants who accept bitcoin in any meaningful way instantly convert to fiat because they can't risk holding bitcoins and the having the volatility eat away their profit margins. So this is actually creating a lot of downward pressure. What we thought was a good (wider merchant bitcoin acceptance) may actually be adding more downward price pressure than upward price pressure.

That doesn't mean it's a bad thing, merchant adoption will eventually lead to a bigger market and thus more value. It just takes some time, and during this time the price will drop massively, because of sell pressure.

But now that bitcoin has more use than ever, more people will consider using it, and before using it they Wil need to buy it, thus the demand for bitcoin will rise and with it the price. It just takes a while for demand to catch up with supply.

Although if you look at the charts, it's clear demand has already risen the past few months, and it's higher than it ever was. It just isn't that apperant by the price yet because supply is so extreme high right now that the price is still dropping despite the demand being at an all time high.

However, if the demand continues to grow at this rate (and there is no reason it won't) we will soon see the demand outgrowing supply and thus the prices will once again skyrocket, which in turn will trigger even more buyers and cause a chain reaction and a massive rally which will of course end at some time just to cycle into another period of downward pressure but a bit higher than we are now, just like all the times before.

Each cycle more users and more merchants join, and more people become aware of bitcoin. And each cycle the floor price increases.

Although if you look at the charts, it's clear demand has already risen the past few months, and it's higher than it ever was. It just isn't that apperant by the price yet because supply is so extreme high right now that the price is still dropping despite the demand being at an all time high.

However, if the demand continues to grow at this rate (and there is no reason it won't) we will soon see the demand outgrowing supply and thus the prices will once again skyrocket, which in turn will trigger even more buyers and cause a chain reaction and a massive rally which will of course end at some time just to cycle into another period of downward pressure but a bit higher than we are now, just like all the times before.

Each cycle more users and more merchants join, and more people become aware of bitcoin. And each cycle the floor price increases.

I think you have a lot of hedge funds and venture capitalists who got into bitcoin because it looked like easy profits, and now they are getting out that the price is declining, which is causing it to decline faster. Fundamentally, nothing has changed about bitcoin though. I would think that all this selling would make a good entry point, but I'm sure people were thinking that when it declined to $800, 700, 600, 500 and 400 too.

The bottom line is the mania that caused $1000+ prices may be over, and you shouldn't be buying now because it''s cheaper than it was yesterday. Don't put any money into bitcoin you can't afford to lose. There's no reason to think the price has to go up just because it's lower than it was once upon a time.

I think you have a lot of hedge funds and venture capitalists who got into bitcoin because it looked like easy profits, and now they are getting out that the price is declining, which is causing it to decline faster. Fundamentally, nothing has changed about bitcoin though. I would think that all this selling would make a good entry point, but I'm sure people were thinking that when it declined to $800, 700, 600, 500 and 400 too.

The bottom line is the mania that caused $1000+ prices may be over, and you shouldn't be buying now because it''s cheaper than it was yesterday. Don't put any money into bitcoin you can't afford to lose. There's no reason to think the price has to go up just because it's lower than it was once upon a time.

All people thought having wider adaptation and merchant acceptance increase the value of bitcoin.

Little do we realize that only create more sell pressure due to merchant not willing to horde bitcoin.

Guys we must admit... how can this bitcoin become the new revolutionary ecurrency if it loses 40% of value in a few days? The BTC protocol is not as robust as some of the up-and-coming coins. Additionally, the BTC consensus has led to monopolized mining. I am not sure what to think at this point

Guys we must admit... how can this bitcoin become the new revolutionary ecurrency if it loses 40% of value in a few days? The BTC protocol is not as robust as some of the up-and-coming coins. Additionally, the BTC consensus has led to monopolized mining. I am not sure what to think at this point

Guys we must admit... how can this bitcoin become the new revolutionary ecurrency if it loses 40% of value in a few days? The BTC protocol is not as robust as some of the up-and-coming coins. Additionally, the BTC consensus has led to monopolized mining. I am not sure what to think at this point

The price of bitcoins and the robustness of the BTC protocol are totally unrelated.  :)

Price is down cuz most of coin are sold off market to private holder.
Think that this is way price is going down.

There's no such thing as "off market" in bitcoin. Everything is on the blockchain.

Amount of BTCers 10 000 000

Avg capital of BTCer 30k.

Avg capital ready to move into BTC 5k.

10 000 000 * 500 = 5 000 000 000


These numbers are not exact but the principle holds..  Manipulation, charts, trends, etc mean shit.

It all comes down to the amount of people that love Gold(BTC) * Capital they control that will be used to buy gold(BTC)

Proof? +10 000 years of history.

Those numbers are way off. There is definitely not 10 million BTC enthusiasts.

may be within 3 months it will reach 600. Now its right time to buy BTC.

If there are just 5 million new enthusiasts buying up the next bubble then watch out.