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Regardless of all the fake good news you may be reading. I hope you don't get fooled into believing the price goes up.
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You think people that were into bitcoin in 2010 were there to make big money?
No, they are there because they see something is wrong with current system and this new concept has potential to overcome some of its biggest problems. At least I was. Some might just be interested in it from an IT perspective.
I sold all my coins many years ago because i needed fiat to pay my bills.
I'm still here for the same reason, current fiat system is screwed up from the bottom up and we look to explore alternatives.
The whole alt-coin business is even more screwed up by the community than bitcoin is, so i would still bet on bitcoin.
Please refute the points i made...
Confirmation times are unpractical for POS, yes there are workarounds
Blockchain size is huge, causing centralization, which is opposite of what would be desirable. It's also ever increasing, since 2010 I've heard every.
Transaction capacity is way way too low to be a global payment system.
Since 0.6.x not much has been done on bitcoin, some minimal changes where many and big ones are really due.
Bitcoin works on supply and demand, exchanges are faking a lot of the volume and price, the real worth isn't even a tenth of what it shows on the exchanges if it was real supply and demand.
US and Australian government are still in the process of selling huge amounts of BTC. A lot of hacks and scams have happened in the recent past that also cause panic and selling pressure.
I have yet to encounter the first person in real life that wanted to have bitcoin instead of fiat, even after explaining the whole thing for an hour... It doesn't mean bitcoin is the one to blame here, it's the people that are mostly ignorant or messed up.
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It will reach 200 very fast, don't have to worry about that, but it will go much lower, i don't think it's smart to buy back at 200 already, try 180 or even around 50. 180 is possible but im unsure if we will stabilize or have a dead cat bounce there of which you can profit.
And what does lead to you this ending? I don't see any huge drop and i don't think we will go below 240, only if big dump would happen (stollen coins or something along this) then i would think about that scenario but i don't see anything like that anywhere near. Fundamentals are f'd. Many stolen coins to be dumped by hackers and governments. Outdated unscaleable technology. Development pretty much stopped. People don't care for funny fantasy internet money. Considering that, I'm extremely positive with my prediction. @Inca I will say i was wrong when it goes back to $500+ steadily and stays there for at least a few months, any big spikes are just cats waiting to die once again. And yes, i'd love for that to happen. I still think the concept of bitcoin has great potential, the community just f'd up on so many levels that i don't think we can overcome that dark shadow anymore.. Thanks internet! |
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It will reach 200 very fast, don't have to worry about that, but it will go much lower, i don't think it's smart to buy back at 200 already, try 180 or even around 50. 180 is possible but im unsure if we will stabilize or have a dead cat bounce there of which you can profit.
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the bitcoin economy is being overtaken by superior technology so don't expect it to go up again, the way i see it this was a final wasted attempt to make something of bitcoin.
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We've broken 250, next temporary stable point i suspect will be around 180 next week.
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so many people were thinking the price would go up quite a bit including myself.
now you see no one knows what will happen. don't think it will go down to below $250
Seems you thought wrong. As so many with you... |
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I agree this looks very dark, this gradual increase was bitcoins only small chance to ever become something of true value.
I guess that ship has really sailed now. It's a sad day today..
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Now that the crash is accelerating, it looks darker than ever before, we may even drop under 200 tomorrow or the day after.
I also adjusted my expectations for long term value from 50-70 to 20-30.
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Bye bye 300!
50 here we come!
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Lets see if we will go for new lows this time.
Nothing changed, this dead cat bounce was just bigger than the others.
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All flags are currently RED for about a 7 day time frame!
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i saw it as low as $200USD and its already back up to almost $300 .It's restoring fast
I think you missed the trend reversal yesterday.. There's not going to be a 300 as i said before... |
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The downtrend is over?  Look at the charts... Long term, no certainly not, short term up trend has just been broken, we are heading back down to 200-250 for the weekend. |
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$116 million is an impressive number, I think they are the best funded bitcoin start up ever.
Yep it is i think, great news. This could be it guys hold onto your hats. Geez wake up man. It's not a bitcoin start up, they will just use the blockchain idea for their own products, not bitcoin or its network. |
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This may seem like a big deal for bitcoin, however, it's not.
They will use the blockchain technology for their own products and leave bitcoin hanging in the cold.
Don't expect this to be relevant to the bitcoin economy.
Interesting startup though.
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Lol... No.
It will stagnate for a few hours, maybe a day, then somebody will dump 500 BTC and we crash all the way down sub 230 again.
You guys still don't realize this market is fake and there is no real demand?
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You guys are still denying this new bubble is popping hard?
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My friendly advice for anyone that bought coins in the past days.
Right now the trend is reversing down again probably back to around 210.
Sell now if you want to make profit.
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