A lot of the guys saying to hold and wait it out are probably people who paid very little for the bitcoins and therefore can hold and have an incentive for you to hold.

If you paid more than $300 for a bitcoin and continue to watch your investment take losses is far more difficult.

The way I would look at it from an investment standpoint is anybody really convincing me why it should go higher? Why did it get so high in the first place? Why did it take off and go mainstream when it hit $1000 and was in the news every day?

Loss minimizing is also a very important part of investing. If you are taking losses then you should cut them.

In my opinion bitcoin will rise a little from here before the next leg down to $200. But that is just my speculation opinion of course.




 

Problem with this rebound theory is bitcoin is way too high in price. Rebound yes, but from 50 to 80. Not 265 to 1000.

The question really is why did bitcoin get so high in the first place. Now that the pumpers made their money, Mt. Gox obvious inside job made their money, there is really no reason or nobody who is going to pump the price anymore.

To me it looks worse and worse as the price just keeps falling.

Can't say this better. This is what I have been saying for a while now. When I used bitcoins extensively to gamble with altcoins a while back I didn't like dealing with bitcoins at all. The confirmations took a very long time, the safety and security didn't make me feel very good. It took a lot of research to figure it all out. I didn't like all the fees I was paying to exchanges.

I just didn't like it. The only thing I liked is the fact that it was a way to store value and it is easily stored. But that doesn't mean anything when the price fluctuates as much as it has. 

They won't be low for long because morons keep buying up the cheap coins and raising the prices. 

I believe this coin hasn't even been heard of yet that will replace bitcoin,  but when it does it will quickly jump in value. It took bitcoin no time to jump up in value and now it seems that it is much easier for a coin to do this.

 IT is going to replace bitcoin because bitcoin price will continue to fall while the new alt coin jumps up in price. People will then switch to this new coin because that will have the potential to earn them more money.

You guys who talk about all this loyalty to bitcoin are fooling yourselves. People don't have loyalty it is all about the money. I think bitcoin isn't earning the money people want and therefore something new will come out that will.  

Just throwing this out but look at ripple, supposedly they are signing on banks? I know nothing about this but there is always a possibility that something better will come along that offers something.

No its to just state that this is getting interesting. People dont need warning, the price dropping and staying below 300 is enough.

I expected it to pop below 300 and after breaking this level for the real capitulation to start, but didnt expect to fall this fast.

This is really bad news that the price isnt rebounding much at all. Volume is high and people are getting the fuck out as quick as they can.

Nobody is buying into that cheap coin bullshit.

We are going to test 200 very quickly. The capitulation looks to finally be hitting. This is worse than I even expected.

Like I said a break below $300 will start major capitulation. It is not even bouncing back off the low of today.

IT is looking very very bad, you guys are crazy to still hold and even stupider to buy in.

A test of $200 will probably be quicker here then you can imagine as that is the next step lower.

No government bailout for you clowns still holding. Nobody is going to buy into bitcoins either, no fresh money is going to come in. Everybody expects it to go below $200 now.

I just posted the same thing about too many bulltards.

https://bitcointalk.org/index.php?topic=913322.0

I see the same as you, there are just too many people posting the same shit about it being a good time to buy, we won't go lower, back over $1000.

Nobody is writing that maybe this isn't a good investment, or it had its chance at going mainstream but failed. Just like you say.

It's going to get a lot uglier. No reason at all for it to go higher. Who is going to invest in something that has been falling consistently for over a year now.

Nobody really understands just how much a $300 bitcoin is and how much money it needs to keep it that high.

Damn this shit POPPED!

For you guys still holding on I don't know where the money is going to come in. Nobody is going to be buying into a sinking ship.

This is the start of the capitulation.

Yes, not everyone is a bull tard, I should have not put it like that.

There are a few out there who also are very bullish and express their opinions on here. But these people are rare.

There is absolutely no good reason for bitcoin to go higher at this point. There is almost no mainstream news anymore about it. It had its chance I believe but it didn't catch on because the population is not sophisticated enough to use it.

When I was really using it to gamble with alt-coins, I was surprised just how difficult it was to actually use it and also to make sure everything is secured. I found it too difficult to use, too long to wait for confirmations, and too many fees to buy bitcoins and sell them, and to also transfer them into other coins. I also lost a small amount on Mt. Gox.

Lucky for me I made out with NXT coin to make up for all my other losses.

It may have an appeal to a small sophisticated community, but that is really all. Within that community it has no real benefit also as fiat is just as good.

The only thing bitcoin could succeed if they have a silk road again where you can buy illegal drugs and other items. But we saw what happens with that.

Now that the USD is gaining strength...

I just can't believe how many bulltards there are. I like this word as it wasn't around in 2012. This is why I think bitcoin still has way to go lower. It is far from the stages of capitulation and fear.

Just read any of the posts, you have most people saying stuff like below. Just read and you will see what I mean.

Great time to buy.
I'm happy that it is this low I can buy more.
I want it to fall lower to buy more.
It will be back above $300 in no time.
Great buying opportunity.

Nobody is talking about the fact that it continues to fall. Just the fact that it is better buying opportunities.

This tells me that we are probably in the Denial stage at this point. People still denying the fact that bitcoin has fallen for over a year and keeps going lower. Denial that bitcoin hasn't reached mainstream even though it was on the news everyday and had its greatest chance to go mainstream. 

I believe there is still so much room to fall. Bitcoin was steady at $10-$13 for a while and it just spiked up too fast.

I personally wouldn't buy bitcoin unless it was priced below $50 dollars. To me it is not worth more than $50 max.

Like I already told you guys. Stop buying bitcoin as an investment to get rich until the price long term stabilizes for over a year or two years. Like it was a great opportunity to buy with it was $12 because it held that price for a long time.

You have left out a lot of background information. I was one of only a few who was calling the drop when it was above $25 all the way down to $2.  Nobody thought it would go to $2.00 when it was above $20 for a while and above $15 for a long time. above $10 for a real long time. Than it finally went to $2.00.

Anyway, I figured a good price to buy during that time was $1.00 dollar and what I was going to buy it at.

But you are correct in that I never would have thought it would hit $1000. But how sustainable was that and it was  supposedly caused by mt. gox.?

Anyway, times are different now, $300 is high for something that is losing interest and failed to catch on when it was on the news daily. I personally have lost any interest in buying bitcoin ever at this point. Before I intended to buy it before it rose above $13.

I find that with many things I like early on they become very popular, same with things I don't like, they become unpopular. This is why I decided that anything I learn about that I think is great to buy the stock.

Right now, I personally don't like bitcoin anymore which makes me believe many others don't like it and it will not reach mainstream.
I honestly see bitcoin as a way to make others rich, not a way to improve on anything.

It's going to be a slow move downward, slower as the price decreases. It will take some time before we hold below $300 for even a day.

I think $200 will come fairly quicker than you think once it stays in the $2XX range for a day.

I see the interest in bitcoin weakening, it had its time in the spotlight.

Now I see a bunch of clowns talking about unsustainable high prices, trying to get people to tell other people about it, really just a get rich scam now for people who came in late and think bitcoin will somehow just shoot up again to ridiculous numbers.

Basically it had its shot to be accepted mainstream and it failed. I personally also didn't like using it that much because of the security threats and the very slow transfer times. Basically the more I used bitcoin the more I came to understand just how well fiat currencies work and allow you to diversify into other things like stocks, real estate, etc.

But this is just my opinion here.

All the signs are looking good for a drop lower. Volume is getting lower, price has tried to go higher a few times without any success. I think any day now or even any hour the price will break below $300.

I like the open baazar idea, haven't kept up with the latest information.

However, it still sucks to use bitcoins for it because of the price fluctuations and the fees involved with buying and selling bitcoins.

For most products it will still make sense to use ebay and pay the fees because most people simply won't use open baazar if all they accept is bitcoins. You're going to get a lot more money for your product on ebay even with the fees than on open baazar.

Of course if you can sell illegal items like drugs on openbaazar then that is a different story.,

Using bitcoins only complicates things that USD does so much more easily. In Europe they are also able to transfer cash much easier and cheaper with their bank transfers.

I'll say this, when I actually used bitcoin I was never happy about the slow times to transfer coins. The constant fees being charged to covert to other coins. I won't talk about the money I lost at mt. gox but luckily I made money with NXT coin to make up for that loss.

I felt like I was constantly paying fees to exchange sites.

I didn't like the how bloated bitcoin has become, especially when I had to download the blockchain that was very large and growing rapidly.

I didn't like having any money sitting on the exchanges. I didn't trust the safety of my wallets with all the malware out there today.

None of these fears I have with holding stock and USD cash. Easily exchangeable to any other currency in the world with no fees.

I just don't see bitcoin taking off. It had its popularity with china, which I never expected china to allow it to flourish like it had.

Anyone trying to invest in bitcoin now are really taking a huge risk. If you want to speculate with digital currency then buy into another coin.

I've been watching for the past week as it looks very weak and have been expecting it to break below $300. Damn, any day now it should go. I think the only thing holding it up are highly invested bag holders.

I think a break below $300 will be the start of the capitulation that a lot of bears are waiting for. It should signal just how weak bitcoin is and let people finally know that maybe bitcoin isn't going to just go higher so you can become rich.

I think a new coin will soon come up and replace bitcoin for the #1 spot and this will be a very bad blow to bitcoin. This I think may happen in 2015.

Ahh thanks, that's why it didn't come up in my searches.