Bitcoin Forum

what are your thoughts on recent drop in BTC price?
is this week's 40$ drop in price gonna continue? or reverse?
is it a good time to invest?

Bitcoin will fail, sell it all now

i think you want to buy some cheap bitcoins before it boost up

well IMO price was just dropped bcoz USD getting stronger against all other currencies and commodities
we can see price drop in multiple commodities like gold,oil,silver and currencies like EUR,AUR,JPY against USD
so i don't thinks its a matter to worry about

bitcoin is preparing for rally

What is your evidence for this very negative prediction? I am interested in bullish predictions and bearish but I would like some information on why you think this.

well comments like this are worth "nothing" until you explain your opinion a little bit!

I'd rather the price fell so I could buy some more as I'm holding for the long-term.

It might stop as well. The miners might be not selling so easily at a loss. So depends how much more profit miners still have to predict when the price should stop falling.

Clearly he is joking..


Bitcoin took a real hit from the recent dump probably from Etherueum goons dumping the proceeds of the sale, they have nothing good to give to to Crypto in my opinion. I think it also hit the confidence of people too but I think we will edge up to $500 as we hear of more bank failures etc. Bitcoin at $350-400 is hardly a disaster anyway!

Honestly, I think now is a great time to buy.  Even if it does continue to decline, there is NO WAY that BTC will every drop below $200 again.  

If by some miraculous event BTC drops to $100, you know how many people would buy?  I've already got the OK from my wife to take out a loan if it drops that low.  But it won't happen.  Too many big time investors to let this happen.

I wouldn't like to see us drop much lower than the current price tbh.

I think the general BTC decline is all down to the East European mining monopoly being broken by new Chinese farms.

It's dropped this week because it's sliding off a dead cat bounce.

Price growth in the first half of 2015 - not likely, IMO.

If anything, further price decline (caused by farms immediately selling as they mine) is likely. At some point a new equilibrium will be reached.

oh my god, after reading this post, I'm pretty sure it'll drop down to 100$ :(
we are screwed!

lol, if the price was changing with someone saying i sill buy if it goes below 100$ the price chart would be like a sinus equation chart thingy :D

Same here. No complaints from me as I have no doubt it will go up again.

My attitude is that 999 trillion topics about this subject are...

https://www.youtube.com/watch?v=07So_lJQyqw

Price is dropping because miners are selling them once they get them instead of holding them .

https://i.imgur.com/8IlAwWp.jpg



@TheButterZone

that will never change  :)

Hopefuly before christmas so I can withdraw a few to pay for christmas presents  :D

The price has been falling for at least 10 months now and the reason is simple, bitcoins valuation blew up into a huge speculative bubble because idiots run around saying it as big as the internet and were all gonna be rich. The price is falling because bitcoin is tulips, .com stocks, beanie babies, baseball cards in the 90's, its all hype and it cant live up to the hype.

Another major reason is that there was fraudulent buying on MT.gox that pushed the price through the roof and people where so stupid they thought someone on the other end was actually willing to pay 1200 bucks for it.

The price will continue to fall because it already had its 15 min. of fame and no one cared. Bitcoin doesn't solve any problems for the average person.

So the price will continue down until it reaches close to the amount needed to facilitate the few trades that happen with bitcoin I would say about 22 bucks maybe much less.

 

Well, on that positive note...

https://i.imgflip.com/dort8.jpg (https://imgflip.com/i/dort8)via PrimedicePlayersUnion (https://imgflip.com/memegenerator)

and this one also

Get out now before it's too late.
I'll buy your coin to save you.

I think it's gunna rise soon. Buy now!

At first I was thinking this was just the regular price drop. But now my guess is as long as the price gets jammed in a range, the BTC will have more chance to get established.

Imagine this as a rollercoaster. Then you will stop worrying.

I think it is the right time to collect more bitcoins.

You can never tell when is the good or bad time to invest. No one can exactly predict tomorrow's btc price. If you think btc has a future, just keep buying with fixed amount every month.

The bitcoin's drop against USD is comparable with Japanese yen's drop against USD, it is caused by end of QE3, but 6x more USD is already produced by QE3 and the effect will be felt later

The value of Bitcoin to me has tumbled with increasing lack of confidence in the direction the Bitcoin Foundation is driving things.

If the Bitcoin Foundation wins the footrace against Sidechains and inserts exponential block size growth rates as a hard fork, I'll have not choice but to estimate the future value of the solution under the assumption that it will become yet another PayPal-like or VISA-like option.  That is to say, under direct control of corp/gov.  Naturally I'll adjust my position accordingly and try to play the herd dynamics to try to maximize my gain.

The price drop is good to remove those speculators and consolidate the user base so that the most of them are true believers  ;)

All 30 of them. ;)

You are always posting negative statements in regards to bitcoin.
May I ask why you continue to hold if you do not believe in btc?  :o

I dont hold. I have never really held much bitcoin, just small amounts here and there. I used to buy and sell bitcoin for paypal, but was never interested in personal gain. I just wanted to promote a viable alternative to government issued fiat. I had a fairly large litecoin mining operation and have bought and sold thousands of coins, but when I realized that bitcoin was not a viable alternative to fiat and that it had no chance of mass adoption I sold off all of my mining equipment and sold or gave away the rest of my coins. This was about a year ago, I am only back on the forums now in the hopes that people are beginning to realize that bitcoin is a flop and see if they are interested in developing ways to fix it. But I think the price will have to fall much lower before people are ready to consider a different way. Most of the people here have personal gain at the heart of their motivations, I am in it for social change not personal gain.    


186AfL2CiLjvdZWaHVdAz4iZLS4m69TfPE

No. Transactions   628   

Total Received   478.98136673 BTC   

Final Balance   0.00001 BTC

Can you explain why you think BTC cannot succeed? Seems to me it has already proven itself and jumped the significant hurdles. Perhaps BTC will languish until the next financial crisis, but at some point the mismanagement of fiat will have people looking for alternatives again, and I don't see a better alternative than BTC.

 
"what are your thoughts on recent price drop?"


I unplugged my S1's (may sell them/may undervolt) and bought a little: if it continues to drop in price I may buy a little more.
 

https://www.youtube.com/watch?v=GYJdOiLqSxE

Many reasons.

I think if there is a crisis people are more likely to run to something safe, not something wildly speculative with untrustworthy institutions.  

Some are saying it may even go below 200. I will wait some more time to see how it plays out before deciding. Right now the market is too confusing.

20 bucks or less.

600 posts almost ?

you're not very smart. If I was you , I would delete my bittalk account , forget about bitcoin , get some average joe shmoe job , like Mc d's or starbucks (seems good for your brain capacity)

LOL , this guy ,

you believe the logic of an old fart , talking on CNN , with some other guy that doesn't even understand what BTC is all about.

His main argument for bitcoins failure is :  not enough people use it
 
lmfao , 600 posts , you're dumb as heck

I would say the main argument is that bitcoin is a psuedo currency that was pumped by a bunch kids speculating. I would say that is dead right.

That is not a post counter newbie.

Name:   sublime5447
Posts:   2152
Activity:   574

to determine if  bitcoin  price  is  high  or  low, one  has to  evaluate  how  many 
coins is  in  possession of  speculators

This time last year, BTC was about to make its run to $1,000, but this year it won't go that high. I think the price will go up at some point, but a lot of the recoveries are just sellers buying back, and then losing more and selling again.

I like btc about other high potential short/long term investments for someone in my position

Hal Finney had a huge amount of bitcoins, most of which were sold when he found out he did not have long to live and would need to pay for expensive medical care in what time remained to him. Suppose the "Bear Whale" is in a similar position? If you knew you did not have long to live would you take what money you could get now?

Only sure thing is that no one knows if we are doing up or down.

So make your you conclusions(they will have no better chance of being right than anyone's else predictions) and invest or cash out at your own risk

We are going down, that's for sure, and I'm talking about <$50 down in the first months next year.

Sell now and buy back in when it's <$50.

You've been warned!

I think what you mean is you want the price to go down so you can buy back in as you have stated on this very forum.

You hold no bitcoins. You have no stake in the price. Unless you short on margin (ha ha) literally the only avenue you have to try and goad the price lower is putting pathetic threads on the forum to try and encourage selling in others. Starting to sound a bit desperate to be honest.

Now tell us how you will 'feel' when the price moves upwards back towards $400 and beyond.

I think you may find the answer to be a lot more simpler than al your predictions.

Making money trading most markets at the moment is becoming very very hard due to the lack of volatility which means its not much fun.

I am led to believe that bitcoin is attracting a lot of Wall Street Traders as they can make money on the big swings.

If this is true then the current sentiment, to make short term profits, has been to "Short".

What is interesting is that there have been one or two big indicators that 'shorting' is running out of steam. The 30,000 dump fixed at $300 a couple of weeks back took less than 5 hours to be chewed through and then the market bounced. If bitcoin is really doomed then you need to offer up an explanation as to why those coins were purchased so quickly (especially as the market had dropped to $275 just prior) and why the bounce!

So, if it is short term trading activity then remember they will quickly switch to exploit a rising market because they can make money this way too.

I think you will find there is a lot of money waiting in the wings for clear signs of a solid recovery which will then fuel a rapid rise. A $100 rise can happen in less than half a day with bitcoin and then you just need to decide whether its a short term peak and the traders will start to short back down or its going to move up another $100 to +$500.

THIS is why its so attractive to traders. Ask yourself one question.. Is the technology solid because if, it is then long term it will rise as demand expands market Cap! BUT the traders, will swing the fek out of it along the way because thats what traders do!!

Me desperate? LOL

I sold all my coins in the US$ 600 range, you can check my message history.

I think the ones who are desperate are the ones that are seeing bitcoin slowly drop.

But I don't think that anyone should get desperate, even those who are holding the bag right now, because my prediction is that, after falling to ~$50, bitcoin will eventually bounce back to well above $5,000 in the next couple of years. So even if you are stubborn and hold your coins now, eventually, you will make a lot of money too, just not so much as people who sold all and are going to buy back in when it's way cheaper.

Falling to 50 USD ?

Lol

Derp

I think that's wildly excessive. It's 24x less than the ATH.

Yeah, but only 6.6x less than today's high :-\

What? Bitcoin prices aren't falling to 50 usd lol.
I think it's gunna rise in the long term, don't let the short term drop bother you. What I think is it's actually a great time for buying

Your profile says -

Trust:   -4: -1 / +2(2)
Warning: Trade with extreme caution!



Nice

Wow, sublime5447 is back...
sure changed your tune, but good to hear from ya...

I believe the vicinity of end of year party, contributed slightly to this decline. But there are other things influencing the fall

You too buddy... yeah I turned pretty bearish on bitcoin because I realized its not a currency. I felt kinda foolish for ever thinking it was to be honest. I am not against bitcoin at all but no longer support it either. I was mainly trolling the forums to see if anyone was making what I would consider to be a "true" digital currency.