Nothing drops forever. Every coin sold has been bought by someone.
If this is miners dumping (which clearly it isn't unless it is an active attempt to bankrupt their competition) then they know there is a limit to what bitcoin can endure without being irreparably damaged. Some people may cite 2011 and say, "look it recovered from 2 dollars", but there were less than 10,000 users at that stage. Bitcoin is now in the public eye, discussed openly in the MSM and adoption plus half a billion dollars of VC money ride on bitcoin having a market cap large enough to be useful as an internet currency in the next year.
I personally am not convinced this decline has had anything whatsoever to do with what is fairly minor monetary inflation. It is just speculators trading and shorting the price down. I am cool with short selling in general but in this case I think the fact whales can actively profit with just the price falling means there is less incentive to accumulate coins and profit by selling high later. It is conceivable for a large hedge fund (in fiat only) to be gaming the price with no interest in acquiring coins, instead simply manipulating the price for profit. Whilst bitcoin remains unregulated this could continue ad infinitum. In the real world where demand for a commodity per day is N, a hedge fund short selling 400xN over a few minutes is deemed manipulation. Regulated US exchanges are needed badly.
In the end though, a floor will be found through which traders 'shall not pass'. The question is whether this floor is so low as to effectively destroy the bitcoin economy and permanently damage the experiment. That would be the best outcome for, say, an organisation with a money printer and a dislike of a superior form of money gaining ground, right? Especially as the central banks have been so happy to embrace bitcoin in public; bitcoin would be the only market they aren't currently manipulating if alternative media is to be believed.
Looking through reddit there are a number of despair "i'm out" posts. Hopefully we get a high volume reversal soon, bitcoin is certainly massively oversold technically.
dat wall of fear  |
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Remember, it's about the Blockchain, not Bitcoin!
yup this the blockchain doesn't need a pricetag to function stop seeing just $$$ |
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wtf... i'm making so much money..  Eat this buddy...  she's not impressed as he's throwing buttcoins at her |
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Im afraid the end is near...
End of the bear market? I'm sensing the same thing. nope, the end of bitcoin, the incoming final capitulation sub $200 next target anything above 10$ was fake and willys' fault. so it's on the way to a reasonable price now |
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That is it. Say bye bye to BTC. That was a nice experiment but was totally spoiled by speculators  huh? maybe the price is affected by speculators, but not the technology. last i checked the blockchain was still working, no matter the price stop looking at the price 24/7 and embrace the tech |
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thanks for the laugh it's just a shakeout guys, just a shakeout This is the year of Bitcoin, guys.
The USD will collapse, the Fed will burn to the ground, America will adopt Bitcoin as legal tender, every barrel of oil will be sold for BTC, and every major industrial nation will hold plenty of bitcoins as reserve currency. Think about the staggering number of transactions that theoretically can be processed by the amazing Blockchain: A whopping 2.7 transactions per second! With such huge capasity and amazing speed (only an hour for the necessary 6 confirmations), it's no wonder every Wall Street fiat bankster jumped aboard the Bitcoin ship in 2014. And with the mindblowing security, safety and user-friendliness of the Bitcoin infrastructure, I'm not the least bit surprised to see every unbanked third world peasant gobble up all those cheap coins now. It's obvious that every person on Earth wants to be their own bank. It's the dream of every little child to be their own bank. Or so I've heard.
this is bullish, buying another 0.01 satoshi right now |
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my gift to myself this xmas is just ignoring all the trolls.
why would you miss out on that fun? |
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Two weeks and we still on the same price 320 -310
Cheaaap coins!!! This is what everyone begged for for months. So no complaining please. Why is there no party right now really? I don't get it. The price is not low enough...that's why. yup, it's still too high. this needs to go down sub 200$, so more people can join the fun. everybody wins in the end. you can't go up 24/7, sometimes you have to dive a bit |
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Blackcoin again hasn't dissappointed me. Whenever it almost looks it's going to be dumped to ground, the trend reverses back up. I don't know any other coin except Bitcoin which has survived for so long and still having some significant buy support and volume. There are still so many people who believe in this coin, awesome. Great community and wide distribution of this coin make it simply unbreakable.
one step forward and ten steps back, awesome. drop 3-4k, climb back 1k and you start cheering again whoopwhoop Do you still think so? yes i do. take a look on the past 10months, this will come back down again |
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Cheap coins everyone!
This is awesome right?
Right?
yep Really?, I have seen people say that all the way when prices were dropping from 1200 to 320 now. "cheap" is so relative. there's always cheaper, until you go into negative values |
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just a little shakeout, just a little shakeout ! uuh wallstreet, yeah wallstreet is buying in soon, moon next, hodl you guys |
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 ouch. laughingtinkerbell.jpg Is crypto done??   nah, the tech (blockchain) is doing pretty well. you should stop worrying about the price that much |
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Blackcoin again hasn't dissappointed me. Whenever it almost looks it's going to be dumped to ground, the trend reverses back up. I don't know any other coin except Bitcoin which has survived for so long and still having some significant buy support and volume. There are still so many people who believe in this coin, awesome. Great community and wide distribution of this coin make it simply unbreakable.
one step forward and ten steps back, awesome. drop 3-4k, climb back 1k and you start cheering again whoopwhoop |
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I think we are going deeper than 300, I hope this finishes soon, it is not good for enviroment
i hope for sub 200$, want to buy another 0.5btc down there |
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Everything is going to be ALL-RIGHT! HAHA, NO! |
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