In the previous years the price went up sharply in January. So why didn't this happen (at a large scale) in the previous years and will happen now? I don't see the reason.
Bitcoin was a silly stoner/hacker's coin back then. |
|
|
|
|
China and now India..
36% of the world's population effectively blocked from purchasing bitcoins legally in their countries.
|
|
|
|
If you have never used Silkroad 1.0 in your life, you are not a true bitcoiner.  |
|
|
|
Why are we dropping? just came back from xmas dinner.
The Chinese punked y'all. |
|
|
|
inb4 bought Bitcoin to get drugs  Almost everyone here has purchased drugs with their bitcoins at one point in time. |
|
|
|
no one knew he probably bought at 800 and sold then next day at 1000, now he calls himself a crypto currency trader
Nope, actually got into BTC during the Silkroad 1.0/double digits era. Anyway, my point still stands.. these prices are unrealistic for the near term. |
|
|
|
Tenfold increase every year until semi-saturation. That's when half the people you know are using it. Enjoy the ride.
Or it becomes the myspace of cryptocurrencies.  |
|
|
|
China's back. Back again.
And soon the PBOC will kick its ass again. |
|
|
|
I don't get why all these savvy "Wall Street" investors are waiting until *after* the next round of pointless senate hearings to invest. If they're so interested in the future of bitcoin (as many people here seem to believe), then why not start investing now BEFORE the prices begin to skyrocket. Isn't that kind of the point of investing?
Why would they waste all their money when the Chinese fall out still hasn't occurred? The market is currently driven by an illegal Chinese exchange about to be shut down any moment. |
|
|
|
Bears last stand 750/720... close or burn.
We'll be catching all those cheap coins when the huobi bubble pops. |
|
|
|
My prediction: False-flag "terrorism" in the US or Europe that is blamed on domestic or Middle-eastern "terrorists" funded with Bitcoin, but actually paid for by the banksters and carried out covertly by the CIA/FBI/NSA/Mossad using patsies. This false-flag event could be an assassination, a "dirty bomb" explosion, or a cyber-attack on internet/financial infrastructure or the power grid. The mainstream media has been laying the groundwork to pin such events on Israel's antagonists in the Middle East for the past several years. One of Israel's antagonists will be blamed, giving Israel and the US a pretext for endless war in Iran/Syria/North Africa. The false-flag terror will also provide the US Govt with a rationale to clamp down on constitutional freedoms, justify continuing NSA total surveillance, and beginning a new war on crypto-currencies.
I think it's way more likely that the NSA is behind bitcoin rather than it starting a witch hunt against it. Also, we don't need to come up with ludicrous ideas for a sub-500 price. Another China sell-off caused by policy changes and were are easily there again. |
|
|
|
Thank you for your advice. Id say i can safely loose about 2k, without loosing too much sleep. Im only a small timer working a very average job
In the world of bitcoin, 50% price drops in a single day is not uncommon. |
|
|
|
Thanks for all your replies guys. So I should perhaps wait till end of Jan?
It's up to you.. but keep in mind that the Chinese Central Bank is going to put in some heavy duty restrictions starting from the Chinese New Year (31 January 2014). Price might crash again around this period, or even a bit earlier in anticipation for it. |
|
|
|
|
People are skeptical of Chinese BTC exchange volume numbers because of the recent OKCoin fraud. Most of the other ones could be similarly fraudulent.
Btcchina is the most legit one, and their volumes are really low compared to the past.
|
|
|
|
Hows that ridiculous? I think there's a high probability it's true.
If you are highly dellusional and bought @ 1000$, then yes Love that speculation forum. See you in a few months when either one of those two predictions come out true.  |
|
|
|
The fact that there is a USD50,000 limit per person annual withdrawal limit from China (which is enforced) indicates that they are scared of capital flight.
That's what they want the world to think, but what's going on behind the scene is a completely different story. |
|
|
|
|
I personally think that Chinese intelligence agencies either know something horrible about bitcoin and are planning to completely kill it (e.g. it was designed by the NSA), or they are working together with the Americans (NSA/CIA) and were ordered to temporarily halt bitcoin's growth in China so globalist corporate entities can still buy them at low prices. I don't buy the whole story that the Chinese government is afraid of money laundering/capital flight.
|
|
|
|
Well maybe people are selling for x-mas presents. I'm short on USD right now but have BTC. I am opting to HODL.
I sincerely hope that everyone using this retarded 'HODL' phrase gets utterly slaughtered at the next big Bitcoin butchering. wow. much hatred. |
|
|
|
Oh boy, this got to be a big winner. |
|
|
|
|
Show Posts
