I think now price will go up to 600$

The price of Bitcoin fell nearly 20 percent this weekend to its lowest level of the year, prompting worries of a crash.

“As the price is going down, some of us are under immense psychological stress,” one user posted on Reddit on Sunday. “Please share how you cope with it.”

On Sunday afternoon, Bitcoin was trading at about $300, up from a low of $286, according to CoinDesk, a virtual currency website.

Some contend that Bitcoin’s price is irrelevant and that it does not reflect the virtual currency’s true value. Bitcoin is still most popular among speculators and technology enthusiasts and has yet to find a general use that will push it into the mainstream and help stabilize its price, they say.

Bitcoin’s recent price decline can appear jarring, but it is nothing new. Indeed, some say the wild price swings have hindered the virtual currency’s widespread adoption.

Since it was introduced in 2009 by an anonymous programmer, or group of programmers, the price of Bitcoin has fluctuated unpredictably. After reaching its peak of about $1,150 late last year, the price has been in a prolonged slide. In August, a flash crash briefly set the currency world on edge, as the price dipped on one exchange to just over $300 from nearly $500. Bitcoin ended that day down about 12 percent.

“For anyone complaining about the current price of Bitcoin, remember it has more than doubled over the last 12 months,” Roger Ver, a Bitcoin enthusiast and investor, said in a Twitter message on Sunday.

But even those most confident in Bitcoin are having trouble explaining the recent decline.

One reason for the drop could be uncertainty over potential regulations. In July, New York became the first state to propose regulations for Bitcoin companies. The comment period for the regulations, which were introduced by the Department of Financial Services, is set to end on Oct. 21.

Bitcoin has attracted the attention of a number of other regulatory agencies in the United States, including the Consumer Financial Protection Bureau, the Securities and Exchange Commission and the Internal Revenue Service.

The increase in the number of merchants now accepting Bitcoin could also be affecting the price. These merchants, including Overstock and Dell, use third-party payment processors like Coinbase to immediately convert Bitcoin to dollars. This means there are more Bitcoins in circulation, which could be helping to drive down the price.

Some say simply that the market has been distracted with other events, including the Alibaba Group’s initial public offering and the recent surge in the United States dollar.

Against this backdrop, there have been questions about whether Bitcoin can become more than a commodity. For that to happen, however, developers must find a way to harness its underlying technology to enable tasks that were previously difficult, expensive or impossible. These include cross-border transfers like remittances, which under the current financial system can be subject to high fees and long delays. Once Bitcoin finds a general use, the price is likely to stabilize, they say.

“Right now, Bitcoin is in this transition stage where it’s a commodity trying to become a currency,” said Rafael Corrales, a partner at the venture capital firm Charles River Ventures who has followed Bitcoin. “When Bitcoin becomes a currency, it realizes its potential.”

source :http://dealbook.nytimes.com/2014/10/05/price-of-bitcoin-tumbles/?_php=true&_type=blogs&_r=0

Will anyone want to take this project,he can work.
Because I forfeit my decision of making this happn

Bitcoin, the best-known cryptocurrency, recently slipped under the $400 mark, a former price floor that some viewed as a bulwark against further price pressure.

Currently trading for $338.83, bitcoin is down $29.06 in the past 24 hours, or around 7.9 percent. From its all-time highs, bitcoin is down around 70 percent.

For historical context, here’s the chart, with the current price correlated, roughly, to the last time that bitcoin was this cheap. Or put, another way, bitcoin has burned off nearly all of its former heights:



What is driving bitcoin’s price down? Some blend of profit taking, negative price pressure created by new ecommerce adoption, less market interest, I’d hazard. A better question might be what could cause the current bitcoin slide to reverse course.

It isn’t just the folks who held onto their bitcoin that are hurting, however. The revenue of bitcoin miners, who have invested heavily around the world to build infrastructure that powers the bitcoin network, have seen their incomes greatly decline.

According to Blockchain.info, miner revenue is down from a high of more than $5 million per day, to under $1.5 million today. And that on the back of the fact that ‘mining’ itself is becoming more difficult.

So call it a bitcoin trough. Good news? There appears to be a recent trend towards increasing transaction volume across bitcoin, which could imply growing global interest in the cryptocurrency. We’ll see.

Source ''http://techcrunch.com/2014/10/04/the-bitcoin-selloff-continues/''

BitcoinTalk staff quietly banned multiple accounts that were connected to Sir William’s protest against BitcoinTalk for allowing people to buy and sell their BitcoinTalk accounts.

MajidBC, the account who messaged SirWilliam in an attempt to purchase his account, is now banned along with the “CozyLife” account as they found the write-up on their practices not to their liking. CCN’s policy is only to report what authors can prove and to update the articles with new information as it arrives.

BitcoinTalk Staff Quietly Bans Those Who Speak Up

A new petition encourages Theymos, the administrator of BitcoinTalk, to give his side of the story for an addition to the article about his website, instead of quietly banning accounts. While the accounts still appear to be active accounts as their member status has not changed, the accounts in question are unable to PM people or post on the forum. The Bitcoin community is founded on decentralized behavior, and the actions of the BitcoinTalk staff reflect how centralization can effect others when a select handful of people can control the masses.

Media must follow certain ethical standards when reporting the news and at CCN, our team follows the standards to the letter. We believe that our readers have a right to know what’s going on in the world, and we don’t believe in hiding or altering any aspect of that reality. Even when it might hurt to hear the truth about something, you have the right to know that it happened. BitcoinTalk’s attempt to silence people from speaking out will not stop the media from reporting on it’s folly, but it will spur new articles on how they handled the situation. Everyone should have a voice. Everyone deserves to know the truth. You deserve to know the truth.

You’ve had to endure the dishonesty of politicians, while business owners seek to control what information you receive and form monopolies on their market. With a decentralized future, you can make decisions for yourself along with your fellow man. BitcoinTalk and other major players could benefit from a decentralized control structure. If enough people vote to remove an account, it will be removed. If enough people wish to reinstate that account, it will be reinstated. Blockchain technology makes all of this possible, and all the largest Bitcoin forum needs to do is implement it

BitcoinTalk staff wouldn’t need to moderate the forums any longer if they become decentralized, and their already existing trust from the community would only get stronger for it.

Do you think that the BitcoinTalk forum should become decentralized so that the members control the site? What ramifications would they need to consider? If there was a BitcoinTalk coin to govern the weight of people’s votes on the forum, would it be useful? Would you buy it? How do you feel about BitcoinTalk’s staff members quietly banning people for speaking out against them? Leave a comment below and express your views.

SOURCE :https://www.cryptocoinsnews.com/bitcointalk-staff-quietly-bans-people-speaking/

Hi,
As the title says that I require a php/flash developer who can integrate bitcoin API to the game provided and also add some other functions as well.I will provide the flash source code of the game.

PM me or reply below

After long remaining mostly mum on Bitcoin, Microsoft’s legendary co-founder Bill Gates has spoken. At the Sibos 2014 financial-services industry conference in Boston, America's richest man just threw his weight behind the controversial cryptocash. Well, at least as a low-cost payments solution.   

At the event, when asked about Bitcoin’s potential to ease the cost of payment transactions for moving money from one place to another Gates waxed mostly positively about the virtual money.

“Bitcoin is exciting because it shows how cheap it can be,” he told Erik Schatzker during a Bloomberg TV’s Smart Street show interview yesterday. “Bitcoin is better than currency in that you don’t have to be physically in the same place and, of course, for large transactions, currency can get pretty inconvenient.”

Gates again reiterated his stance on cryptocurrencies when he delivered the event’s closing keynote address, in which he stated that, in the future, financial transactions will eventually “be digital, universal and almost free.”

While he seems relatively bullish on how inexpensive transacting in Bitcoin can be, Gates isn’t singing the praises of its anonymity. The billionaire alluded in an oblique, somewhat rambling fashion to some of the more nefarious anonymous uses associated with Bitcoin.

“The customers we’re talking about aren’t trying to be anonymous,” he told Schatzker. “They’re willing to be known, so Bitcoin technology is key and you can add to it or you could build a similar technology where there’s enough attribution where people feel comfortable that this is nothing to do with terrorism or any type of money laundering.”

SOURCE "http://www.entrepreneur.com/article/238103"

LOL there is no BTC address in my signature ;P

Well nice work

I think you have DJI Phantom

Looking at a Bitcoin price “candlestick screen” is no way to go through life. If you are day trading Bitcoin, or are in Bitcoin for the short-term, to make a quick hit, this article is not for you. If you think the U.S. Dollar is going to be the be-all-end-all global currency for the rest of your waking days, turn back now. If you think gold and silver are the only “real” commodities worth investing in, you are free to leave the room.

That is for the Bitcoin full-timer. The lifer. The person who gets paid in BTC and knows how special it truly is. You learned about Bitcoin one day and said “This is going to change everything!” The one who owns a Bitcoin business, and sees it as “The Future of Money.” To you, Bitcoin is The Internet 2.0. You are a little down because of the Bitcoin price drop, and you just need a little pick-me-up! Well, here is your Bitcoin pep talk, ladies and germs!

Why the Bitcoin Price Drop is Great News

Fret not, little camper! Turn that frown upside down! I will give you four very good reasons not to fear the drop in price, but rather to embrace it. Wear it like a merit badge, young Eagle Scout! Your “Eagle Eye” for the next great global currency and online protocol was indeed right on the mark.

Reason #1 – A Lower Price is a Better Price

That is the easiest and most obvious reason. Buying something that was once almost $1200 for less than $400 is a good thing. The only way this wouldn’t be a good thing is if you think Bitcoin is dead, and it is heading down to Ground Zero. Bitcoin has had more dirt thrown on it, mostly from the mainstream media and private interests, than a dinosaur’s fossils.  When Chunky Soup goes on sale for 30% off this week, you don’t avoid Chunky Soup because it costs less. You see it as an opportunity to buy.  Why avoid buying Bitcoin when it’s price drops?  The rich buy the prices of an appreciating asset drop.  They seize the moment. Bitcoin price must rise over time.  It has proven that it’s value model works.  So take advantage of the short-term sellers, and treat it like a coupon at your favorite store.

After five straight years of exponential growth, Bitcoin should have earned the benefit of the doubt by now. After one year on the market, it’s value went from fractions of a penny to $0.05 USD, which is borderline infinite ROI. The next year, it rose to $0.30, only a 500% increase in value. Good luck getting that anywhere else. 2011 saw BTC rise to over $6 USD, which was just scary growth. The next year, it only doubled in value, a real “off year”. 2013 was a rebound year, and it finishes up at almost $800! Mind you this was mostly because of the Mt. Gox Bot Buying Bubble, and the Chinese market having free reign at an initially unrestricted BTC market.

In China, it was like Wal-Mart on Black Friday. When Mt. Gox (more like Empty Gox) collapsed, and China was reminded what living in a totalitarian state is all about, Bitcoin had to click it’s heels, and return to Kansas. Did you REALLY think Bitcoin was worth almost $1200 on Thanksgiving, after being worth about 2% of that on New Year’s? Really? That was the mother of all bubbles, and if you didn’t see that for what it was, I hope your learned something. I’ll go over economic bubbles again later, so be prepared to use this knowledge soon.

In order to take that price drop seriously, you have to think of the major players secured by Bitcoin over the last year, including Dish Network, Dell Computers, PayPal, Expedia.com, Bloomberg LP and others. Are those not epic votes of confidence? They are not in Bitcoin for the long-term. You have to think that those mainstream players are fairweather friends that would run from Bitcoin based on its price versus the dollar. That Bitcoin has not proven it’s inherent value by attracting these major players as business partners. In other words, you have to be the type of person that looks for every cloud in the sky to not see that Bitcoin is here for the long-term, which leads me to the second reason…

Reason #2 – The Real Reason Bitcoin is Sliding is the U.S. Dollar is Rising, or So They Say.

The facts are Bitcoin is doing everything right.  It is getting more and more major merchants to accept it.  It is securing more mainstream press in general, increasing awareness.  The customer base is getting broader, with so many agreements to give people worldwide more opportunity to buy Bitcoin.  Bitcoin production wasn’t ramped up by greedy private interests during the bubble last year.  And better wallets, stronger exchanges, new debit cards, and innovative trading options are being added every day to the Bitcoin ecosystem.  So what is the problem?

The U.S. Dollar is the problem.  The story goes that the Dollar is rising in value, up over 4% in the last quarter. That sounds great, but just like with the U.S. Consumer Price Index, you might want to look the gift horse in the mouth.  The U.S. Dollar Index doesn’t compare it to the Chinese Yuan, which was up over 7% over the same period.  Just because other currencies in Europe are dropping faster than the dollar, doesn’t mean the dollar is actually strong. The facts are the dollar did have a very good quarter, regardless.  A stronger dollar buys more Bitcoin units per dollar than a weaker dollar.  But let’s look at the dollar’s track record since Bitcoin hit the market in 2009. Maybe you will see something called an economic bubble?  Or at least see an anomaly, if not a trend.

Any currency can have a good quarter, but if you listen to the U.S. Government (U.S. Department of Labor/Bureau of Labor) tell it, inflation was LESS than 2% from the beginning of 2012 to the end of 2013. Are you buying that? The national price of gas was $1.61 on January 3rd, 2009, the day Bitcoin was officially invented, and now it’s price is double that.  U.S. ground beef prices are up 79% since Bitcoin.  A lot of that has to do with actual cattle supplies being at an all-time low, but inflation is only 10% of that number?  Eggs have also consistently risen in price much higher than 1-2%.  If the Consumer Price Index is a very controversial way to measure inflation, it is the most popular, and is government-controlled.  The problem with the index is the goods themselves change at their discretion, as will the quantity of a good.

Like eggs. The price of ten eggs has been inserted for a dozen eggs in the index, but who buys ten eggs?  Fewer eggs yield a lower price, and would drop the rate of inflation for eggs itself by almost 20%!  The point is if you’ve lived in the U.S. over the past five years you know inflation is MUCH greater than 1.8% over the last two years.  So why believe in the Dollar Index, also supplied by government forces? The fastest way to keep the dollar from falling like a rock is to convince Wall Street that the dollar is rising, and manipulating the Dollar Index is too easy and influential not to do.  I just don’t trust any government-supplied information, because why should I?  Whatever they say, usually the opposite is true.

3.  More Bitcoin Acceptance and Bitcoin Commerce Does Cause Price to Drop

In some ways, Bitcoin is a victim of its success.  With all of the new merchants coming onboard, when merchants take more Bitcoin, they are selling it out into USD 95% of the time after close of business for the day. And they do a lot of volume of Bitcoin sales. The seller’s market is outnumbering the buyer’s market at this point, with the merchants almost exclusively selling Bitcoin out of the market.  Bitcoin is attracting companies in the business of selling out Bitcoin.  If merchants were taking Bitcoin, and then paying employees in Bitcoin, the ecosystem and price would strengthen, not weaken.  That conversion to paying employees in BTC as a popular option is still in Bitcoin’s future. Right now, that’s a rarity.  But the eagerness of merchants to accept Bitcoin is another sign of its enduring strength and market demand.  This is a very good thing, but paying employees in Bitcoin would be a great thing.

4.  Bitcoin Went Through Its Bubble.  Now It’s The Market’s Turn.

As we went over earlier, Bitcoin has gone through the Mt. Gox Bot Bubble, the closure of Silk Road, the Chinese government/People’s Bank of China (Their Federal Reserve) regulation of the Bitcoin exchange market in China, and Ben Lawsky’s draconian NY Bitcoin License fiasco over the last 12 months. And Bitcoin is still up 200% over last year at this time.

The stock market is in the middle of one of the largest bubbles in it’s entire history.  The economy is stagnant, at best, but the stock market is booming? Did you ever think to ask yourself why?  It wouldn’t have anything to do with all the new phony Fed money that’s been created since “Quantitative Easing” began being invested into the stock market, which is a textbook way to create a stock market crash? Inflated stock value without any actual production supporting it?  And all “Bull Runs” come to an end, and this one is running on fumes.  The average Wall Street Bull Run lasts 2.1 years.  This one is at 5.5 years.  All good things come to an end.  It’s just a matter of time.

And how many times over the last year have you heard someone on TV, online, or in an investment discussion say “Buy Gold & Silver!”?  You hear it almost every day.  So how is silver down about 25% over the last year, and gold has dropped more than $100?  These markets are rigged and manipulated, just like the Dollar Index and the Consumer Price Index.  The banks control those markets, and they’re holding the prices down, but experts believe the true price of gold and silver is as much as 10X what the listed price is.

If you believe everything you’re told about the value of the dollar, the amount of inflation, and the price of gold and silver, you are walking blind without a cane.  I do have a financial investment background on Wall Street, and all I can say is gold won’t be under $1500 long-term, and is ready for unprecedented growth, only because the price you see is not real.  One day, you’ll wake up, and gold will be $5-8k an ounce.  Silver will be $80.  And hyperinflation and the dollar collapse will hit the United States like a freight train.  The only question is: Do you see the shell game for what it is?  And will you get out of the market in time, or collapse with it?

So what does that have to do with the price of tea in China?  When these manipulated markets correct themselves over the next 3-4 years, Bitcoin will be there to reap the rewards.  Smart people, rich in gold and silver, will sell when price seeks it’s true level, and will invest in something else. Like Bitcoin, if they haven’t already.  You have to be patient.  Fools rush in, and out.

In closing, no one said Bitcoin hitting the mainstream would be smooth or easy. Bitcoin is going through some growing pains.  But I needn’t go through history to show you how so many of today’s staples have gone through bumps in the road only to come clean out on the other side, stronger than ever.  There is too much money invested, too much technology available, too many built-in advantages, and too much corporate and global interest to stop Bitcoin at this point.  The Network Effect.  Bitcoin must go through this awkward stage, like a pubescent teenager who has outgrown his clothes from last year, before it can mature and become what you expect it to be.  Last year, it went from Kid Currency to grown adult, married with children, with no stops in between.  Then the market corrected it.  And now, the Dollar is having it’s day in the sun.  And here we are.  This too shall pass.

Bitcoin is an invention.  It cannot be “uninvented”.  Bitcoin may evolve, may add new features, may change in value. But digital currency is here to stay, mostly because it is better than what’s in place, and the world badly needs a better currency system, and the superior digital protocols that come with it.  Bitcoin isn’t controlled by a single entity, which scares most establishment forces, but the Internet was never centrally controlled, and it did just fine.  And you are doing just fine with the Internet.  Better than fine. Think of Bitcoin as the child of the Internet.

So have the experience of an Internet user, the savvy of rich investor, and the guts of a top poker player to watch the large waves hit the shore, and smile, knowing your island of digital providence has a secure future.

Bitcoin is not just a dollar price because Bitcoin is much more than a mere investment.  The world needs Bitcoin to succeed.  And by getting this far, it already has.

SOURCE "https://www.cryptocoinsnews.com/bitcoin-price-drop-really-good-news/"

Copy Cat 
https://bitcointalk.org/index.php?topic=799975.0

i hope that you will get something good

Stunna need your attention please

yes you can also try!

Every just says bitcoin will hit 10000$ but it would gonna happen.

1 BTC = 1 USD   

Pakistan

I will operate this drone in my country

We will buy the quadcopter from here http://www.rclogger.com/RC-EYE/RC-EYE-One-Xtreme/

On October 3 the price of bitcoin touched $360, marking a low for 2014. The week before, venture capitalist Tim Draper – the winner of the giant government bitcoin auction that saw Draper come into possession of 0.25 percent of all BTC – went on Fox Business to dispel any fears that the ride was over. Well, not only that the ride wasn’t over. That it was just beginning.
In talking up the currency, he said “I am still predicting, Bitcoin, $10,000 in three years. It is a hedge against a lot of fiat currency, because it is a new way of transferring cash throughout the world in a much more efficient way. And Bitcoin has a created a whole infrastructure of many, many companies some of which came out of Boost the incubator. And those companies are creating this whole new culture, and this whole new way of thinking.”
It’s a lot of justification for the big headline: bitcoin will hit $10,000 in three years. Why would Draper say this? He certainly might believe bitcoin is going to be the future, to be sure.
But the reason he’s going on Fox Business to make this claim is because he has a sizable stake in it. He needs people to believe bitcoin will increase 30 times in value. Or people will lose interest and sell, and he’ll lose even more millions (in USD) than he already has – Draper bought in when bitcoin was worth almost twice as much, and is on the hook for roughly $9 million in losses in just four months.
This is not to point out the obvious, the Draper is a businessman and he needs his investment to make money. Rather, it raises a question indirectly that a lot of bitcoin diehards need to ask themselves: is there any price point that would cause you to pull your money out of bitcoin?
A lot of people, even ideologues invested in bitcoin as an entirely new paradigm that can upset the accepted fiat currency system, are simultaneously hoping to make a little money with their bitcoin stake. While they might not spend a lot of time thinking about price, the major players like Draper certainly care. As does a large swath of the market. Because there’s the possibility of BTC going to $10,000 in three years.
And there’s also the possibility of it going to $1. Many of bitcoin’s ideological adherents tend to hold no matter what. But does that mean there is literally no point from which to cut losses and sell out? What if bitcoin goes back to that penny trading range? What if it stays there for a year? For five years? How long will you buy and buy and buy at a continual loss? Until you die?
People like Draper can talk a big game, but they are beholden to their investors, same as any business. And make no mistake, Draper has a point where he will cut his losses and move on.
Bitcoin could go to $10,000 and stay there, though it’s highly unlikely. It could also go to five cents and stay there (also highly unlikely). But one way or another, bitcoin players need to answer the question: am I willing to go down with the ship even if Draper doesn’t?

- See more at: http://www.equities.com/editors-desk/currencies-forex/how-low-could-bitcoin-get-to-make-people-stop-believing#sthash.FB78KwkH.dpuf

Ok i have changed my signature:
Now starting post is :722

I am in? 0.0006 per post?