It's just pure bottom-finding going on at the moment, and especially over the last two weeks. It's not a single entity dumping coins in my opinion. Sure, mining operations have to liquidate BTC constantly, but this has to be factored in at some point.
The problem is that the downtrend has been on for months now... And the bottom doesn't seem to be in sight! |
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Work with USD/EUR?! Those people don't seem to get Bitcoin. My god, it's a decentralised system, completely void of any outside influences. That is what is making Bitcoin so unique and interesting.
There they go again.... Trying to say that the blockchain is amazing but Bitcoin is not.  |
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I guess not but it removes national boundaries and limits for capital flows, to some extent. The EUR did not end the Nation states in Europe either.
The EUR has actually increased the squabbling, with countries blaming each other for the monetary mess.  |
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I thought the bulltards told us not to focus on price though? So let's look at bitcoin itself. Since 2011, there has been essentially no improvement to the protocol itself. The only difference is that you can spend them with a few stores online, but still, they're just being dumped immediately to dirty fiat and not being held by the merchants. If the merchants won't even hold bitcoin, that tells us it's not a useful currency. So essentially, the only reason we're still sticking around $200 is because of speculators.
Will these speculators drive the price up again? Maybe... but I doubt it. Sooner or later the people will realize the emperor has no clothes. There just isn't any reason for ordinary people to use bitcoin, and the value will ultimately reflect that reality.
Just wait until the USD collapses, after that they will have no alternative. Gold will be confiscated, so ordinary people wont have any other place to go but Bitcoin and other crypto coins. Bitcoin won't help if all it takes is a few hours of waterboarding to make you cough up your private keys.  Multisignature... with the other keys held by your friend in the other side of the world. |
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Yup, sure they are. Price has been really strong today  One swallow doesn't make a summer. |
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Well the possibility was marked for 2014 at first, now it's 2015. At this point anything is possible. So why not, maybe it will reach even more or fall even less.
If not by the end of 2015, at least during the next block reward halving, we should see a bull run. |
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^ Actually it seems risk is increasing at an astronomical rate... While price is decreasing rapidly!
Price is not only decreasing, the trend seems to be downwards. So many bottoms have been called, only to be repeatedly broken. |
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tick that one off, big pump incoming tomorrow
Is this an echo from every day since July? I would have thought they would have got it right at least by now.  |
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I'm buying all the way down. I'll go down with you bro. It uh, well, it almost feels familiar. I agree. True believers in Bitcoin will not be bothered by its current price. |
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Yikes.... Not only would taking a loan mean you are investing more than you can afford to lose; you would end up being in debt when the price crashes.
You may have to work for a significant amount of time to repay the loan.
If investing in BTC was such a sure shot way of making money, a lot of people would have done it already.
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wtf i bought at 500 now its 200 i put a lot of effort and time into this and this is how you repay me by inflating my investment bitcoin is shit centralized exchanges centeralized bitcoin foundation
the bitcoin foundation should be abandoned they are useless manipulators of the price this isnt funny this is my life savings here and i dont want you to fuck it up for me its all your fault
im done im finished with this shit its a mugs game bitcoin will fall and there is no asset attached to it fuck you all i bet its those banker mastercard cunts shitting on bitcoin as well
You missed the key point about Bitcoin - it is not a get quick rich scheme. You were not supposed to invest your life saving; you were supposed to invest only what you could afford to lose. You have to be patient and if you are lucky, Bitcoin might just rebound. |
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What exactly is the difference between a decreasing price (50%) vs. the halving of mined coins? - 25 BTC @ $200 is $5000/p. block
- 12.5 BTC at $400 (not long ago) also equals $5000/p. block
IMO, we already had our halving. So if the argument is true, that the halving leads to a new bubble (same demand, fewer coins) at least prices should be constant at this level ~$200. Otherwise I might come to the conclusion, that halvings might have a long-time effect not necessarily resulting in a related price surge. What do you guys think? Market doesn't wait for the halving. Market moves in anticipation of the halving. Since the halving is public information and markets are supposed to be efficient, it may have been priced in anyway. |
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If banks stop attacking bitcoin and we see high number of newbuyers bitcoin price can jump to more than 2000$
Banks attacking Bitcoin? That is definitely not a reason why Bitcoin's price has been constrained. |
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And now the price of Bitcoin is less than 200 USD. Why?
Market psychology. I am surprised that buyers haven't come rushing in even at these prices. Maybe Bitcoin is finally being treated as a currency, instead of a get-rich-soon scheme. |
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history repeats itself
A lot of people are hoping it does. |
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We are hitting lower lows; the next spike might not bring any comfort to us.
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Example:
The internet was an amazing invention that changed the world.
The dotcom bubble was just that, a bubble.
Unless you consider google or amazon, but then bitcoin is not a company, bitcoin is the innovation. Another such technology based speculative boom would be railway or telecommunication, but honestly, bitcoin has the potential to add more value to the global economy than railroads or cellphones when the full extent of the inefficency of fiat is considered. Not to mention lost opportunities due to politically motivated embargoes that benefit only a few elite who happen to bankroll some influential governments... Bitcoin's potential might be huge, but right now what is noticeable is the huge losses staring at us.  |
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Mild, predictable inflation is actually considered good for an economy.
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If you are looking for the best place to run some kind of loan scam then btcjam is by far the best place
OP is looking to give loans, not take loans. |
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How can a single bot create such price explosion?
I read about Willy a long time ago. Don't quote me on this. Willy is not a normal trading bot, Willy can buy and sell (mostly buy I think) bitcoin off the market without depositing any fiat. It bought coins regularly and at any price. It couldn't create a price explosion, I believe it created a self-fueling momentum which made other traders buy at an inflated price. Buying without depositing any fiat.... is definitely price manipulation. It was only a matter of time before it was discovered. |
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