Thats what me and a lot of people have at the end of the month when you've paid everything, thats why Bitcoin is falling hard.

Why 40 days and not 60 or 2000? There are no reasons to think in 40 days nothing interesting will happen. What I feel is we'll keep going down slowly for a long period of time before we see anything near 700 again.

I hope NZ doesnt fall in the same tricks as America and Europe, whose respective FIAT currencies are doomed.

I've been looking into this and all the major sig campaings are gone or full, plus it will take months for me to even be Full Member which is when you can get a little bit more than peanuts, I don't really know activity works im just posting normally.

Nothing but wishful thinking. We could easily hit 266. A redistribution of Bitcoin will happen, new players will hop in, current players will panic. Watch and see, this XMAS will be shakky as hell.

I think we will see it lower than a lot of people expect, this will bring us to panic sell territory, big whales will sell, and with this a redistribution of wealth with happen. People that has been left out at the begining will have a second opportunity to enter the BTC game big time, owning a lot more BTC that they could have imagined, then slowly we'll see the price go back to ATH+ range.

In my opinion is a very valid posibility, I think we will see it lower than we can expect before we hit ATH again.

I think they would have played a big role in the bubbles, but the real trigger was real interest in Bitcoin, beyond any manipulations therein. The current downtrend is simply the common folk not seeing a reason to own any BTC, they don't see in what ways BTC would improve their lifes as of right now unless they think the price will go REALLY high in the future (at this point the commmon folk cant invest a lot of FIAT into this beyond say 1 BTC). And they aren't going to risk their salary into hoping a coin goes to 2K in the next years, they would rathe spend it on a holidays and whatnot. We need to show a real reason to own BTC for the common folk and make it easy as hell to obtain then. They are put off by exchange verifications and so on.

How did you become wealthy? Im always interested in these stories.

People using Bitcoin to buy actual goods is a good thing, but

1) Where is the data?
2) Why should the price go down unless the Bitcoins that are spent by people are being withdrawn for FIAT by the merchants as soon as they recieve them? Because it's what i've hear about Overstock. If this is what they are doing, the price is going to keep falling down, unless im getting somethong wrong.

It is a treat as long as the common folk dont see a real usage for BTC. Beyond the use of microtransactions and international payments.. the common folk don't really need BTC right now, so they might as well stick to FIAT+Apple Pay.

What's the difference between hoarding Bitcoin in a trezor vs hoarding Bitcoin in say, an USB stick and a backup in a harddrive and whatnot? Is it waterprooft?

Faucets are nice for newbies, i remember the first time I got some BTC off a faucet, somehow it feels good even if it's a ridiculously small amount of money. Everything that's free feels good. Other than tho, it's pretty pointless. Good luck with your site anyway.

Wait, you are implying that Mr Joe's first worry is sending 10K to another person (who the hell as ever done this) or wire money across the globe (again). Mr Joe's entire saving may very well be 10K and that's if you are lucky. Mr Joe has never left his native country. Mr Joe don't want to pay exchange fees, or go through the hassle of buying BTC (exchange identification and so on) for no reason.

Why do some ATM machines require that you do ridiculous proof of identity tests such as: ID scan, fingerprint scan.. what the hell?
Why others only require SMS?

If you put too much hassle in the machines to do the transactions, it will all fail.

We'll have to see if this finally delivers a consistent bump in the price. We've been having good news for a while now and the price keeps stagnating.

Well, you've missed the part were Proof of Work is inherent in Bitcoin and cannot be changed, so Bitcoin has to deal with it somehow if it was to be a success. A lot of things can be changed in Bitcoin, not PoW, its hardcoded. It would be a dissaster trying to change that at this point.

He has pointed an objective fact: You cannot leave a job that will leave you without your fundamental needs covered, because your biological preservation mechanism is telling you to not stop working because if you do, you'll not have food, water and shelter, and you don't want this. You are not free to like this situation, any sane mind doesn't like this. Therefore, under no alternatives, you aren't free to leave your job. This is a fact, and you seem upset at this fact.

We hit an ATH of about 1.1K USD, now we are marinating on the 400-380's. That's a big % of price decrease.

My question is: Has something ever recovered from such a loss? and has something ever doubled, tripled, cuadrupled a similar ATH? Show me the graphs, because I can't think of any past events. This is the true test for Bitcoin. It has to surpass the ATH to demonstrate it's trully unprecedented.

Why would you, tho, just for the sake of hoping this contributes the price going up? Or because you really needed to use Bitcoin to buy that? See, thats why we are crashing. Theres always an element of speculation in every single Bitcoin though.