And we all forgot the dickhead who dumped his coins first, called BTC a failure and started at a bank with some blockchain thingy haha. Price is almost back where it was before he dumped his stash.
He doesn't call bitcoin failed because of the price. It failed because of broken fundamentals and stagnated development to resolve these issues. |
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Why is it almost every single one of you guys just ignore the utterly broken fundamentals?
I am not aware of any broken fundamentals. Could you enlighten me?☺ Bitcoin doesn't scale. Mining operations are becoming more and more centralized. Mining is an inefficient wasteful and toxic process for the environment. The vast majority of coins is owned by a hand full of people. Confirmations are too slow for every day use. Transactions are fully traceable, not anonymous. Need I go on? |
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it's the same shit as citycoin, nothing will change those coin will be centralized, akin to a pos coins that is distributed by a single entity and the value will be given by this entity
so i can not see how this is will be a competitor of bitcoin really, any centralized thing will not be a competitor of bitcoin
Ahh yes.. centralized... can't have that... oh wait... bitcoin is centralized... where is bitcoin centralized? mining, where, all pool are working alone and they ar enot mining 51%, farms? where? all farm are governed by their entity which has nothing to do with another farm, even between farm from the same country Convince the operators of antpool and f2pool to change the system one way or another and there you have your 51% |
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Right... 4 people holding more than the botom 40% USD is worse than 2 or 3 people holding 99% of bitcoin.
Somebody missed emelemtary calculus...
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Sell. It's called pump and dump. This was the pump, you can guess three times what comes next.
Fundamentally broken protocol does not get fixed by some pumpers increasing the price for their own profit.
A long time ago we were not here for profit, we were here to change the world of finance.
Oh well, that time is long gone...
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Don't worry. There will be plenty opportunity to buy sub 400.
Fundamentals are still broken. Bitcoin doesn't scale and has become centralized.
Just have to convince two people running mining pools and you can change anything you want. I don't think it's hard to pressure people into doing that.
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it's the same shit as citycoin, nothing will change those coin will be centralized, akin to a pos coins that is distributed by a single entity and the value will be given by this entity
so i can not see how this is will be a competitor of bitcoin really, any centralized thing will not be a competitor of bitcoin
Ahh yes.. centralized... can't have that... oh wait... bitcoin is centralized... |
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I think so. They're talking about more QE and negative interest rates in Davos. I don't know who in their right mind wouldn't want to diversify at least 15% of their assets in Bitcoin.
People just dont understand it yet but smart money will eventually find its way to bitcoin.
I don't know who in their right mind would ever even think of investing in something with a broken protocol... |
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Why is it almost every single one of you guys just ignore the utterly broken fundamentals?
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Oh Kwuckduck, stop being a permabitch. This is just a little itsy-witsy speedbump for bitcoin and we've been over such speedbumps many times before. I'm actually surprised that bitcoin hasn't dropped more, what with Hearn's comments and Cryptsy's "ddos" excuse/lie/whatever. Go eat a wooden pickle.
I'm not a pwrma-anything. I just recognize real problems and that there isn't done and my thing about it... this simple fact endangers bit coin. As long as problems aren't tackled there is no future for bitcoin. We've been promised for years that it would be solved. It hasn't. .. |
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So for someone with 0 bitcoin wanting to get in for the long term; is now the time to buy?!
I would wait at least till low 300s before buying. Wait a few days for that price and see where the market is standing then. |
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Many people predict bitcoin price will be rising up in early 2016 but that not happen now  And I think at today price is the best time to buy. I predicted that January 2016 will see a bloodbath and I'm proven right. No, today's price is NOT the best price we're going to see. It's got ways to go before the price goes back up. I predict we will SLOWLY go down to 300 or maybe even 200-250 range. I do think we've priced in the block halving already. I think everyone can agree that were looking at a ~200 target but it looks like we will arrive there rather quickly. Of course the halving has already been calculated into the current price, Wichita will result in another disappointment when the halving is due, causing again another crash which could bring us to 50-70. |
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Against all hopes of the development team responding to this emergency situation, as expected, it remained all quiet.
Orderboek are shifting again. Selling pressure is increasing and investors and even average Joes are moving their assets into safer more future proof investments like Dash and Ethereum.
Another sad day and week for bitcoin I'm afraid.
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Well they are making life for bitcoin very tough
larger block adjustments are on the way No it's not. We've been hearing that for years now. Bitcoin development is dead. The only real action taken was Bitcoin XT, it was a chance to solve the scaling issue but it got rejected and censored by the community. |
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We've been hearing those 'technical challenges' will be overcome for well over 5 years now...
I'm not convinced!
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Always go back to fundamentals.
How are they?
Currently very bad, not supporting a rally.
When problems get addressed we can move on up again. Let's hope sentiment hasn't killed it by then.
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No need to wait for lower 300 by halving. We will be there before Sunday.
By the time of the halving we will be way sub $100 if nothing is done to repair bitcoin.
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Hearn didn't kill anything. We all did a long time ago by ignoring serious core problems and wishing it away instead of working together to solve it.
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Wow, so many doomsday threads going on here. I say that this is just a dip--a big one, but a dip nonetheless and I believe we'll rebound soon. I could be totally wrong, we could be going to zero but I don't think so.
It's a downward spiral. Already 30% of miners have shutdown their operation over this crash. Making the network significantly weaker and slower yet again. Bitcoins scalability problem doesn't go away with 'oh it will be fine, the price will recover'. Besides an unfounded position it's also a selfish one not considering the potential of Bitcoin for this entire world. There is serious work that needs to be done for Bitcoin to survive. Bullshit....  Sure.. when you run out of arguments or evidence, just call bullshit. Hash power is down to 693 mln ghash/'s from 909mln ghash/s are you joking, gigahash? when the network is approaching 1 exa LOL, this must be the purest troll ever that amount is utterly insignificant, it won't change a damn thing, it's like a very big farm, is shutting down 1 single s7 out of thousands network is still around 800 peta total, no sign of dropping... You're right, the mining power has recovered a bit. Question is for how long, with the price continuing to plummet I feel the only thing that can save is from this downward spiral is an upgrade to Bitcoin Core resolving the biggest issue at hand, the enormous backlog of unconfirmed transactions and scaling problem. |
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Why is this happening right now? Bitcoin lost about 15% of it's price for three days. Any ideas?
It's probably because people are dumb enough to take someone (Mike hearn) words seriously and also because of Cryptsy who closed or got hacked or whatever really happened . If the fundamentals of Bitcoin are really strong, it will quickly bounce back. Ehhh no they aren't. Which is exactly what Mike Hearn revealed to a larger audience. |
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