It never reached $300 on bitstamp. I thought Bitstamp price is generally accepted one we refer to when we talk about price.

Regardless, even if it did, it didn't prove me wrong since I said it's less than 75% it will be seen, not that it will never be seen. So far it seem like it was a good estimate. Btw how many people did manage to sell at $300 that day?

unless you are a miner to get bitcoin you need to buy it - that means a middleman.
say one year ago you thought i will buy 1 bitcoin and hold it to send to someone who wants bitcoin at a later date . You would have paid us$448 for that 1 bitcoin.
today your friend would like to buy something that people who pay with fiat are having to spend us $448. You send your friend your one bitcoin in a fast seamless transaction. But the key question is  - will the seller of the goods give it to him for 1 bitcoin? the answer is no as the seller of the goods would only have (if it took the one bitcoin) the buying power of us$250.

gold has dropped 7% over the year but has risen 6% over the last 5 years.

I can live with a store of value that has this sort of movement -  ie its purchasing power is not significantly different in the short term (1-3 years).

i see bitcoin at least in the short term as being the reverse  - it hit $1200 as a result of willybot and is still going down as more and more that chased it up have to take the hit ie cannot afford to hold . I am just not confident that i should buy it and hold it at 1200 or 448 or 250 or sub 100 where it will be in 12 months. 

happy to buy it and send it to someone who sells if for fiat within 24 hours. but that does not help the stored value of bitcoin. as i see it the only holders of bitcoin are the giant bitcoin owners who got them mining for a few cents each.

What's your point? $300 was still not seen since i posted that.

I'd say
25% chance $300 will never be seen again
50% chance $400 will never be seen again
90% chance $500 will never be seen again
99% chance $600+ will never be seen again

No. It's simply not worth the risk. If you buy for $225 and intend to sell for $300 that's 33% profit, but there's more than 25% chance $300 will never be seen again so that's a bad bet.

I don't know what's your exit point, but you'll most likely never see it and end up holding the bag.

There's more downside potential than upside, so definitely no. And don't listen to bull scammers who tell you to buy, they just want to lure new suckers.

Shorters are trying to stop the UP movement. If they fail, we could go up strongly.

Regardless of BTC price, Satoishi's social experiment--introduction of a digital currency eliminating the need of money processors and trusted third parties--is clearly a failure.

no, it's not about bans.

it's about the inability of average joe to use this thing.

Oh I'm not shorting. I'll just quietly stand by and watch while increasing my holdings. I'll go down with the boat if it sinks

general public? you call a community of nerds, die hard speculators doing 20 x leverage, libertards, drug lords and scammers general public? no, dude.

$260 is resistance. We could fall all the way down to $150 to hit our support line that goes back all the way to April of 2014.

These are rough days for bitcoin price.

Less words about bull markets, more results please, dumbass. Lets talk again when direction is clear, although I think you are one of those bulls who unignore bears on your 10 pumps and put them back on ignore when price goes down.

say again you fag!

but this is nothing...I will see you in the underworld.

your Hades!

Price goes down for 10$ and bulls demand silence, since its only a 10$ drop, nothing that value attention. Price goes up for 10$ and the same idiots claim bears to close their shorts.

This is normal psychology of all bear markets, especially near the bottom. Tarmi was also a big bear back in September-October 2013 when the price was at $120-130 or so, making the same doom posts over and over again until the price went above ATH.

nope.

I am so confident that I dont need stops.

that big fat red candle is the reason why you will not break 255.

a whale just got fucked.

good luck bulls!

There are a lot of bitcoiners here (even some permabulls) that don't necessarily think bitcoin will replace fiat by any means.

where on stamp?

dude, the last dump (to 150) sucked all the real cash out of the system. that came after the first big dump (30 k at 300 $).

now only play money left in the game.

15 k walls will be seen in 100 $ range. till then keep tracking those walls on bitfinex and in china.

It's going to hilarious once we really get some momentum and start seeing 15 and 20k bid walls again. I'm sure the bear trolls will still be in denial though. 

Distributed ledgers/databases/networks that rely less and less on cryptocurrencies.

Eris industries claims to be able to use blockchains for smart contracts without a cryptotoken at all.
The ripple network doesn't rely on a cryptotoken as much as the bitcoin blockchain, the token is there but is not necessary to use it and the network is not dependent on its price.
Ethereum almost the same (Vitalik as the same views on the cryptotoken themselves)

IBM is talking about building its "adept" thing.

etc.



Simply put, today cryptotokens "are there" because that was the only security mechanism for a blockchain/consensus ledger to work that we know of. Cryptocurrencies are not really needed for themselves and they have a lot of problems that make them almost unusable as actual currencies (aside for illicit goods).

That's my view at least. I definitely don't buy into the whole story on how bitcoin is more "honest/sound money" than fiat, for an infinity of reasons.
That's just a fantasy/lie by people trying to push their investment/scheme at all cost.

Simply put, whoever thinks bitcoin will replace all fiat currencies is simply delusional.

looks like we are going back down to $240s?