OK, so there is no big sale wall, yet the price keeps dropping...

Hate to tell, but I told so. Market lost its confidence in Bitcoin, and it doesn't matter how cheap something is if nobody wants it. This is the end of the Bitcoin era gentlemen!

Price was pushed down too many times, and probably we got to the point where nobody believes in the next bubble. The more the price goes down, the less will believe in Bitcoin; the less will believe in it, the price go down even lower, and so on. Until we get to the point where BTC will become useless (under $1). 

Congrats to all who wanted this: you've made it!

If bear wins Bitcoin dies! Enjoy!

No, it's not that... it's market loosing confidence in Bitcoin. Simple as that. It was obvious that this will happen sooner or later. If someone thought that the bitcoin market will rocket after each crash needs to check his head with a doctor, because situation is not like that at all. With every crash market confidence is getting lower, the hope of another bubble is getting smaller.

So I really believe that this is it... the end.

If from tomorrow Paypal would accept bitcoins too, then in less than 48 hours bitcoin will be history, because Paypal will not keep the bitcoins, it will exchange as it gets it obviously. The market can't deal with a few thousands BTC either, what would be if something large as Paypal, or Apple, etc. would start to sell tens of thousands of BTC every day?

Anyway, price is going to crash obviously... make no mistake about it. NOBODY buys BTC anymore, because the market was pushed down too many times, and people lost their confidence in it.


Start looking for alternative income guys!

Yes, that's true.... but take into consideration that there are mining costs involved, so pushing the price below them (very much looks that this has started now, and nobody is willing to put his money on the table to reverse the trend), will mean that mining operation will shut down... maybe not all, but probably enough to make Bitcoin super slow, super useless. And that will make it worth 0.

I am sorry to say, but you don't understand: if price goes down to $300, that will not be a stop. It will just generate another wave of people who will loose their faith in Bitcoin, another wave of people who will understand that the bubble period is over. All these will generate another wave of price going down, which will generate... I am sure you see the cycle here.

There is only ONE chance to save Bitcoin only: price has to start to raise, and I mean REALLY raise, and REALLY soon, otherwise it's game over.

I am starting to be absolutely POSITIVE that some people in this forum, especially in this thread, are government (and/or bank employees). They manipulate this thread, calling the crash "cheap coins", and so on, when they know exactly that NO MARKET CAN RAISE indefinitely.

So every crash, might be the last one. Every crash might be the end of the bitcoin, and the proof for this is that all of you see that after EVERY drop, price is raising back HARDER and HARDER (usually to a smaller value than it was before the crash started). Speculators, who are buying coins and then they sell immediately expecting a few dollars margin, are happy with this situation; governments and banks are very happy also, but people who see (or who have seen) Bitcoin as a new "era" or a long term investment will be totally screwed.

Another proof: remember how actively governments were fighting Bitcoin? Now they don't. You know why? Because they realized that it's absolutely no danger in it for their systems. They could bring down the price to absolute 0 with a few million of USD (or less) ANYTIME they want. Walls or no walls, people are already not buying Bitcoins, because it become clear for everybody that one of the crashes will not be followed by a next bubble: and then it's over.

If the price will not start to raise, and I mean REALLY raise, and REALLY soon, then it's game over. Just think about that.

Simply: if a door opens and you can buy toilet paper for $400, will you jump in? Just because the opportunity has opened for this?

Don't think so.

Bitcoin was ONLY interesting as long long as bubbles could have happened. Those times are done (maybe there will be a couple of SMALL bubbles, but in the end market lost the confidence in BTC, as it should have been loosing it. It's a joke, which can be manipulated, destroyed, or raised with a few millions of USD. That is something that NEVER could happen with any real currency in the world).

Well, for those who can really understand and see what happens now: what are you gentlemans (and ladies) going to do after the Bitcoin adventure ends? Any plan B for spending time, making money?

My 2 cents about this situation is that this is the end of the Bitcoin adventure, and anyone who does not want to see this, has to check his head as soon as possible.

All this "cheap coins" idiotic texts are the source of the Bitcoin price falling down. As you might have been probably noticed, it gets tougher and tougher for the price to recover and raise again. This because, with every crash market loose it's confident more and more in Bitcoin as an investment possibility, and if that happens, it won't matter if you can buy Bitcoins with 300, 200, 100, or 1 USD... eventually it will become worthless. Totally worthless.

Today, all afternoon there was no wall on Bitstamp, yet the price didn't raised a bit. Now a wall appeared too, and definitely will push the price even more down. And before you start yelling "cheap coins", think about it: how many falls a market can survive? I think Bitcoin is really at the edge.

If you also start to think how many people would like to see Bitcoin's death, and how much financial power they have, make the math: Bitcoin is already history. I am sure, that with a few millions of dollars, it can be totally destroyed, price will be pushed so very down, that the entire Bitcoin - project will fall apart.


So enjoy your "cheap coins"... they will get as cheap as 0 soon,  if the market doesn't starts to raise, and I mean REALLY REALLY RAISE. If the price will not show VERY VERY SOON a very drastic upward trend, I am sure that Bitcoin will not be able to survive many more crashes.

I don't know how to explain this again: THERE WILL BE NO MORE BUBBLES. You have to understand that pushing down the price so many times it's not healthy, and it's just a question of time when it will not raise again. It can't go forever, market will loose its faith in it, and then there's no bull or whatever, that can push up the price in the world ever again. The bitcoin game is over, as long as you can manipulate the market this way with less than 1.000.000 USD. It's a joke, any government of the world could destroy bitcoin at any moment it wants.

I really believed in Bitcoin, and the fact that a non - government issued currency can survive, but now it is totally obvious that it can't. I hate to admit exactly now when I have some bitcoins and lots of BTC related projects, that Bitcoin is doomed to be gone forever.

There are more than 13.200.000 BTC already out in the market, yet a few thousands of them (like 1-2.000) can bring the price so drastically down. I am sure that US and other governments now are watching this amused because it is the end no doubt about it. It doesn't even matter if the price goes back to 500, 1000 or whatever. Once it is proved that it can be pushed down with less than 1.000.000 USD, bitcoin is worthless.

Try to manipulate USD exchange rate with investing 1.000.000 USD... the market won't even blink. But bitcoin is totally different, you can totally destroy it with this small amount of money.

Totally agree... I really believed in Bitcoin, and the fact that a non - government issued currency can survive, but now it is totally obvious that it can't. I hate to admit exactly now when I have some bitcoins and lots of BTC related projects, that Bitcoin is doomed to be gone forever.

There are more than 13.200.000 BTC already out in the market, yet a few thousands of them (like 1-2.000) can bring the price so drastically down. I am sure that US and other governments now are watching this amused because it is the end no doubt about it. It doesn't even matter if the price goes back to 500, 1000 or whatever. Once it is proved that it can be pushed down with less than 1.000.000 USD, bitcoin is worthless.

Try to manipulate USD exchange rate with investing 1.000.000 USD... the market won't even blink. But bitcoin is totally different, you can totally destroy it with this small amount of money.

EDIT: for those idiots who think that this is a good way to buy "cheap" bitcoins: once the market will lost faith in this coin (and this is happening totally now), it doesn't matter how "cheap" you buy something which is worthless.

No, they are not.

This is just the usual up and down flow of Bitcoin. This year only many times hit the floor at as low as around 300, and then the sealing at above 600. They were lot more critical times than now.

Now, it's just some panic sells, which is good. Every time after the panic sell ends, bitcoin gets stronger, as people who are buying it for this prices will obviously not be willing to sell lower. These are the times when you should buy, and hang on to it (or sell when it's above 600). December is closing fast and then price will rocket for sure for many reasons; last year it almost went as high as 1.200.

I am waiting those times. My advise is that panicked persons should sell, so they can't drag the price down again when it starts to rocket. Clever people will not sell Bitcoins at these price.

My project got closed: https://bitcoinstarter.com/projects/1000

Problem is that I can't withdraw the funds because my balance shows 0. Any idea why?

I will start the project anyway, because the amount collected is going to allow me, and in the meantime I will try to make another fundraising effort for the remaining (so it will come in steps).

If (and only if) that doesn't work out then I also have a plan B, which I want to avoid (basically contacting someone who I worked with, who I am sure that would jump to put his hand on this opportunity, however I don't really want to work with any longer).

After one week of fundraising this project managed collect collect about 33% of the 50 BTC target.

5 BTC came via bitcoinstarter and 11.66666667 BTC directly to my address with txid 4f396d3a3fc907e0cf26d72b70f5b3aee125503a73122bc079ad3736f0e433d3.

This means that the investment is still open for another 33.33333333 BTC. After this remaining amount is collected no more investments will be accepted, and there will be no way for anyone for later investments either. If you see potential in this project, then you need to make your move while the funds are not collected totally.

Well, sorry, I am open for suggestions on how would you make a subject line to raise attention. Obviously the site I have chosen for this (bitcoinstarter) is a failure and probably the only traffic that page has is coming from this thread, so it would be really important for me to try to come up with some good subject lines.

EDIT: I have changed the subject line Hope this one is better.

This opportunity is still open. Have a very good look at the details of the project at https://bitcoinstarter.com/projects/1000, think about what it means and jump in before others fill in the places!

This can be really really huge. If you spend one hour thinking about it, I am sure that everybody will see the clear potential of this project.

I am sorry to say that your idea will not work, but trust me: I know a LOT about sports betting. Really really a lot.

The system you want to make is NOT going to work. I personally tried that a few years back when I was still very naive about sport bettings together with someone from the UK, and we ran really large capitals. We played around with tens of thousands of dollars.

It was actually very easy to find the arbitrages. We had all the scripts for that, and beside that we have combined the information with some very sophisticated horse racing software (which for we also paid quite a large amount of money), so we try to focus the bankroll to the most possible loosers. And it worked perfectly: we found the arbitrages easily, and we picked up loosers too enough to make us a profit (because our goal was to find a horse which is unlikely to win, doesn't have very high odd, because obviously you need huge capital to lay a bet on betfair with an odds of 40, and also picking up loosers was a ticket for us not to be banned by the sports betting sites - at least so we thought).

And then: BOOM. Trying to place a 1.000 USD bet and the ladbroke gives an error message: the maximum amount you can bet on this event is 0.56 USD (no joke). And then sports betting sites, one after each other limited our accounts (and we had accounts with almost every one of them). No worries, we told, as we have organized ourselves and played from multiple accounts. But it didn't mattered: they just got limited to such a ridiculously small amounts, that it wasn't worth at all. All these, while we actually lost thousands of dollars at the sports bettings sites, money we have earned back on Betfair of course.

We also combined this with an affiliate system so a share of the lost money was returned to us from the sport betting sites. That was the major source of income from this activity of course (as the arbitrages are not so high that you can make really much money).

Drawing the line, we have made some money. But to tell the truth I would have been making more money sitting at my laptop and writing a program as with this one, and with a lot less stress.

As I told: this was 2-3 years ago or so, don't really remember. Since then, they have better protection systems, arbitrages are harder to find also, because sports betting sites react a lot faster to market changes. Market does change fast, arbitrages are difficult to make (remember you need to make sure that the sports betting site does accept your bet, before you can lay on Betfair, and that sometimes take 10-15 seconds, and in this time markets can easily shift significantly, etc.). Plus you will have all the stress, that "wow, this works", and then your next bet will be limited to 0.56 USD, or you account locked, etc., etc.

With sports bettings there are ONLY two ways of winning, no more:

1. Guessing the results
2. Making (high frequency automated) trading on Betfair (or similar)

In BOTH cases you need something like this: https://bitcoinstarter.com/projects/1000 (please take your time AND read it carefully). Essentially it's about identifying the events where the market has a wrong prediction. In most cases (because in sports are surprises too of course), the market will correct itself and then you're in money if knew that ahead. It's about eliminating the subjectivity of the market and rely your decisions on lots of facts, analysis, cross-analysis, etc.

The project I have mentioned is the first step of a bigger plan I have. At the described stage it will help bettors to place more educated bets and actually turn the advantage to their side. Once this project is completed, up and running, it will also serve as a base for step 2: developing totally automated high frequency trading robots for Betfair.

Yes, I already realized, that the only traffic which goes to this page https://bitcoinstarter.com/projects/1000, the page of my project, is probably the traffic which are generated by people who read this post...

However, does anyone know  successful bitcoin crowdfunding website? Because a project as mine, with such a big ROI, should have been easily filled already (it's now 5 days spent, 6 remaining).