How you guys liking that whipsaw action, weeehawww!  |
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sorry, I have to reference the trezor everytime I read about this (supposed) problem. It can now be solved with $120. It's still not an easy solution for the average person. If I handed a trezor to a Regular Joe off the street (or gf, grandma, boss, non-tech colleague, etc.), the first thing he/she would ask is "How do I get bitcoins to and from that thing?". 30 seconds into the explanation what it is, how to even set one up, much less how to use it, and they would have tuned me out already and walked away. Second thing they would say is, "I have to buy that thing for $120, when a credit card is basically free with my bank account? No thanks." A trezor may work today for us Bitcoin geeks. But for Regular Joe mass adopters, trezor like devices need to be even easier to set up and use, as well as so ubiquitous that they are basically free devices, given away perhaps by bitcoin wallet services providers like Circle, BitPay, or CB. |
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Then you shouldn't be buying Bitcoin in the first place.
Cowards.
We don't know if the drop is over. But panic selling at these levels can be very dangerous. It just crossed 550 again. Rule #1: Never panic sell. Rule #2: Never panic buy. Rule #3: Hodl. |
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Letīs see if 500$ holds for the rest of the week.
$300 in a couple of months Why not make it $200? Or $100? Hell, just say $50, you need to troll correctly! |
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If the correlation is real, that would mean more merchants accepting bitcoin is bad for the price since the merchant probably won't hold the coin for long.
Uhh..ya think? That's great to know, you guys better sell everything now while you still can. Do it now. |
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It's number two just because it's an "historical altcoin", one of the first and has a LOT of time at its advantage compared to other alts. But as you can see things are turning around.
It's just overbought useless crap.
Completely, utterly false statement. MANY alt coins came way before LTC. You just haven't done the research as to WHY it was able to supplant the others, and still has the high marketcap that it has. There are valid reasons. But whatever man, I guess we'll see if LTC is still #2 this same time next year. Let's check back and see. My bet is yes it will still be #2. |
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Yeah......the ultimate fate of the shitcoins was always pretty obvious but the way Litecoin is going is surprising me. It just seemed somehow to be the natural order of things that Litecoin would be #2 to Bitcoin, but it seems that there is only Bitcoin. Litecoin is just another shit-coin with zero practical uptake.
Yeah, it sucks to still be the #2 cryptocurrency.  And is everyone forgetting that Bitcoin fell to a $4B marketcap just 3 months ago, as compared to the $7.5B market cap that it has now? That it has almost doubled in the 3 months since? It's easy to cry the sky is falling in a downtrend. So easy. |
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This has to be the weakest bull trap I've ever seen. It will break soon followed by several more weeks of sideways down trending. TERA tried to tell you all this but you drove her away for having a "contrarian" opinion.
You're so right, man! My bitcoin that was worth $588 yesterday is only worth $570 today!!! What a devastating crash, a btc crash to end all crashes!! (In. case. you. can't. tell. that. was. mega. sarcasm.) |
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I just talked to a economics Phd and we analyzed some stats surrounding BTC. We made some good/worst case scenarios and took the average of those scenarios. Our price prediction for 2020 = 10,750 USD  That seems on the slightly high side of reasonable to me. My last number-crunching was for 2019. I came in around $2340. If I had shot for 2020-2022, I could have easily come up with $5000 to $10,000. Just a couple of simple changes would put us pretty close, especially given the extra year in your calculation. I could show my work, but maybe the easier thing to do would be to use this as a basis: http://honestnode.com/bitcoin-fair-value-a-first-assessment/My number is significantly different, because: --He used each of the possible value centers as an additive element. But he included a random, unsupported M2 calculation, which I think, accounts for all the other stuff. It shouldn't have been additive. --I believe the M2 calculations really hit the essence of BTC value. --I'd say the author massively overstated BTC in the remittance market --In my view, his velocity calculations on BTC were incorrect, likely because he used mining transactions in his velocity calculations.. I'm not sure why I am posting something semi-serious in this thread, though, because it has devolved into a ridiculous parody of bitcoiners. If anybody REALLY thinks they can buy $14,500 worth of bitcoins today at $580 and retire on JUST that in 5-6 years (even with a paltry $30K annual income, which, by the way, is preposterous retirement "planning"), they are delusional. Yes, you can quote me. Feel free to refer to this post in 2020. This sub forum's predictions have become a manic-depressive joke. When bitcoin was flying high back in Nov 2013, everyone was convinced the price would hit 10K by the end of 2014. All the TA, trendline charts, predictions, and polls were all screaming the same mantra. Now that we've been in a bear market for some time, everyone has turned a complete 180 degree bear/pessimist, and now is pushing out their 10K prediction to at least 2020 or later, at least 6-10 years from now. Fkn hilarious. I'm sure when bitcoin starts flying high again, possibly end of this year or early 2015, everyone will be utterly convinced AGAIN that it'll hit 10K by mid or end of 2015. And they'll all be saying "I told you so!" but it will be the SAME people here today making their pessimistic 2020+ predictions. |
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lol, litecoin is going down.....
fuck my, just bough zeusminers....
Capitulation just occurred on Okcoin. It's going up from now on. it won't remain under 40 CNY for long,enjoy cheap coins  . It wasn't capitulation. Litecoin downtrend is not over yet. I think we will see $4.5 - $5 before its over. Right now its just consolidating in preparation for another crash. It isn't over for bitcoin yet either. More dumping could follow. |
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But prices are too high right now, if we can get back to the $300s at least, all my friends at school who said "bitcoin is too expensive" will think about buying again. Right now we're still sticking around $580 because of all the holders who refuse to accept a loss, but there's not much buying pressure to support it. It's simply unsustainable, imho.
Then your friends at school are complete idiots, because they can buy any amount of bitcoin they can afford. They can buy $580, $58, $5.80, hell they can buy $0.58 or $0.001 cents worth. It's all the same, it's all bitcoin. Owning "whole coins" is illusory, it doesn't exist, it doesn't even matter. Even the idea of a single "bitcoin" is simply a meaningless abstraction. A bitcoin is simply an abstract unit of measure, with relative value that changes over time. Like the ounce is in the gold and silver world. No one goes around saying "Hey, I own X number WHOLE ounces of gold!!" No, they say "I own $6000 worth of gold." I think they realize that, but they told me it's not fair that earlier investors could by hundreds of bitcoins for pennies on the dollar and they need to pay $580 to buy just one. So for that reason, they're going to wait until prices come back down again. And then my math teacher said that bitcoin in a ponzi scheme, and that "true value" is only $10 per coin, because he read about it on the Internet. That's just how people think, I guess. Yes, but then idiots will never learn. I would have loved to have bought Apple when it was @ $20/share, or even $4/share, but those times are long gone. But it doesn't make Apple a bad investment today. Should I say it's not fair that those (smart) people bought Apple at $4/share back then? It's the smart people, the people in the know, that know that bitcoin is only going to get bigger. Much bigger. When bitcoin hits $10K/btc, please remind your idiot friends and your teacher that if they had bought $300 worth of bitcoin at today's price of $580/btc, they would then have $5100 from their investment. |
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Bring on the multi-year bear market. Let the true bit-leavers accumulate all the coins from the weak hands!
No thanks. And please quit with the weak hands myth. I don't get it. Last winter there were tons of people on here saying that if prices fell to $100 or $200 or whatever they would take loans out on their home equity, cash out their 401k, etc, to buy as many as possible. Don't we still want this? Of course NOT... why would we want BTC prices to be suppressed to such a low level.. that is ridiculous to even suggest it.. b/c such a low price would demonstrate an extreme low confidence in BTC value... and as we know, we got into the mid-$300s for a a day or so, earlier this year.. for our post ATH low... and absent some extreme news, it seems fairly unlikely that BTC prices are going to see the $400s again...
But prices are too high right now, if we can get back to the $300s at least, all my friends at school who said "bitcoin is too expensive" will think about buying again. Right now we're still sticking around $580 because of all the holders who refuse to accept a loss, but there's not much buying pressure to support it. It's simply unsustainable, imho. Then your friends at school are complete idiots, because they can buy any amount of bitcoin they can afford. They can buy $580, $58, $5.80, hell they can buy $0.58 or $0.001 cents worth. It's all the same, it's all bitcoin. Owning "whole coins" is illusory, it doesn't exist, it doesn't even matter. Even the idea of a single "bitcoin" is simply a meaningless abstraction. A bitcoin is simply an abstract unit of measure, with relative value that changes over time. Like the ounce is in the gold and silver world. No one goes around saying "Hey, I own X number WHOLE ounces of gold!!" No, they say "I own $6000 worth of gold." |
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If the OP did indeed sell his 333 BTC in Feb 2013, then let this be a lesson to every bitcoin holder:
If he had held to today, his $5000 initial investment would now be worth ~$193,000. You never know what is going to happen and when.
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Oh Jesus guys, sell sell sell and keep it low for the next month.
Why?? Because we all love cheap coins. Protip: good traders buy on the way down and sell on the way up. How many more years do you want Bitcoin to go down exactly? You've had 5 years for cheap coins. Wasn't that enough? Do you realize you will make money if people stop selling all the time and the price goes up? It's because these guys want to get rich off of bitcoin, not just make a lot of money. But they are too impatient for their 3-5 BTC to make it all the way to $100K/ each. So they figure that, hey, if it stagnates for a couple years, it will give them time to reach the 50-100 BTC they think they need to retire wealthy. Stupid logic, things don't work that way. Bitcoin doesn't just stagnate for years (while you accumulate), then jump 1000X overnight when you decide that you are ready for it to happen. That wouldn't be exponential growth. At all. EDIT: See kireinaha's post below, he just proved my point. |
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Soon it's panic buying time  3 ..2...1.. GO Don't worry, if the whales can't induce panic selling with their dump, they'll just panic buy back their OWN coins. And then back to ~$580-ish we go. |
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i wanted to buy at 570, but now i will wait for 560 bcoz this is a hard crash ( see huobi )  Actually, why don't you wait to buy at 550 when it hits 560? Or wait for 540 when it hits 550? Or wait for 530 when it hits 540? Or? Or? Or?.... or never buy any ever? |
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Bring on the multi-year bear market. Let the true bit-leavers accumulate all the coins from the weak hands!
No thanks. And please quit with the weak hands myth. I don't get it. Last winter there were tons of people on here saying that if prices fell to $100 or $200 or whatever they would take loans out on their home equity, cash out their 401k, etc, to buy as many as possible. Don't we still want this? Yeah, but that was last winter. Price support should be a LOT higher than that 8 months later. If it truly isn't, then all exponential trend patterns are badly broken. So you really really want bitcoin to take 5 years to get back to $1000? Really?? |
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Ok, I like the occasional meme gif every once in a while, but now it's starting to get ridiculous. How old are we again? |
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Now that China is banning bitcoin, don't expect the crash to stop. The best thing to do right now is to get out when you still can. This time around there will be no dead cat bounce, bitcoin crashed right in the centre of media attention and any faith gullible idiots still have in it will be destroyed.
It's over. Bitcoin is finished. Good riddance to this little Ponzi scheme.
Ahhh, awesome. It's always great to come back to these kinds of threads after some time has passed and it is quite safe to say that those people were wrong. This kind of FUD has been spread since Bitcoin was invented. I guess it's just the normal course of events! Go back and look at the OPs threads and responses. This person has been trolling bitcointalk since 2011 ! |
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The bitcoin market has actually gone down on days that the U.S. stock market has slumped, not up.
Just sayin'...
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