Prepare for another year of slow declining prices

[rosh]

Could flashcrash with no rebound on Gavincoin hardfork announcement.

That is unlikely. We don't know how many will accept the hard fork.

[fonzie]

Could flashcrash with no rebound on Gavincoin hardfork announcement.

Chances are 99%. Might stabilize around 5$ before it finally disappears.
Black markets will probably adopt another (more anonymous) cryptocurrency then.

[worldinacoin]

I doubt that it will be another year of slow decline, from the way it looks, we seem to have hit bottom

[fonzie]

I doubt that it will be another year of slow decline, from the way it looks, we seem to have hit bottom

Technically the only bottom is 0$.

[pajak666]

sorry bro we are currently in accumulation phase of bitcoin.
prepare for a huge pump.
it will have nothing to do with user adoption and other bullshit.
bitcoin is manipulated as every other market
pump->burst->accumulation->pump->burst->accumulation and so on

you really  think that A TON of cheap coins (marked red) bought by smart people will be sold cheaper than they bought it?
that is some serious accumulation of cheap coins
it has fallen down healthy 80%, can't be much lower, so btc is obvious buy buy buy right now

[Pecunia non olet]

i can't identify a buy, buy, buy situation.

I can identify internal warfare in btc community, a doofus dev who lost touch with everything, a bloated chain, high inflation and low demand aswell as a bunch of neurotic bagholders.

I wouldn't rule out a quick pump and dump though. In the long run: going nowhere - it's actually still a lot over value.



I'll stick to my alts. I trade alts 2 fiat and back ... bitcoin doesn't provide anything to me right now i desire.

I'm not supporting secret meetings on islands with my money and i'm not buying into a 14 months old bearmarket. Period.

Here is a picture of Satoshi i found on the web:

[Meuh6879]

mmmmmmmmmmh ... ? 

[Brewins]

Could flashcrash with no rebound on Gavincoin hardfork announcement.

if it causes a civil war in bitcoin protocol it is possible,

But I doubt

[Kimba_Coinarch]

it could rise to 6k in the next 6 months for all we know...

yes, that's what people said in the beginning of 2014...

I think after the halving , the price will surely rise. We have only to wait, and *hope*.

Many people agree on this one, but even after the next halving, with bitcoin price at about 220$ , it would still require 400,000 $ new money each and every day too keep the price stabile.
To be honest, i think that time for 10x profits on bitcoin is over, we all had our shots, some bought, some did not, same thing goes with profits.
The best we can hope is another few months hype so we can sell >500$, and then again year or two of decline before another pump.

Yes , this is obvious. We will never see again 1k dollars per bitcoin. The past bitcoin pump  it was only an *high* chinese manipulation.

I think the price will drop to around the 100 mark before it rises. The United States has doubled its quantitative easing, indicating yet another financial meltdown in coming years. This is reassuring for long term bitcoin holders as investors will be looking for other options to hedge their funds. As speculators believe, the demand of bitcoin will hit high during the economic slowdown. The bitcoin price surged 87% post-Cyprus bailout.

I also think its an education thing, the more people that understand bitcoin, the better it is for adoption and the market. There has been a lot of recent hype and the bitcoin price has been playing on the back of PR. We need solid adoption.

[waterpile]

price is starting to drop slowly and then will be followed by a huge dump. Thats what have been doing these last couple of months

[seleme]

it could rise to 6k in the next 6 months for all we know...

yes, that's what people said in the beginning of 2014...

And they were as legit back then in their predictions as you are now. To argue your calim with "because trend says so" is just plain retarded. Trend could turn over tomorrow for what we know, and yes that's as legit claim as OP.

[NotHatinJustTrollin]

it could rise to 6k in the next 6 months for all we know...

yes, that's what people said in the beginning of 2014...

And they were as legit back then in their predictions as you are now. To argue your calim with "because trend says so" is just plain retarded. Trend could turn over tomorrow for what we know, and yes that's as legit claim as OP.

"Trend could turn over tomorrow".
Without new money coming in exchanges and demand severly constantly decreasing, I seriously doubt that is possible  


https://bitcointalk.org/index.php?topic=934650.0

[seleme]

it could rise to 6k in the next 6 months for all we know...

yes, that's what people said in the beginning of 2014...

And they were as legit back then in their predictions as you are now. To argue your calim with "because trend says so" is just plain retarded. Trend could turn over tomorrow for what we know, and yes that's as legit claim as OP.

"Trend could turn over tomorrow".
Without new money coming in exchanges and demand severly constantly decreasing, I seriously doubt that is possible  


https://bitcointalk.org/index.php?topic=934650.0

I seriously doubt it too but it's as possible as "be prepared for another year of slow declining price". Both are generally bullshit claims with no facts to support it whatsoever.

[thms]

I seriously doubt it too but it's as possible as "be prepared for another year of slow declining price". Both are generally bullshit claims with no facts to support it whatsoever.

Fact:
There's not much to add to the bitcoin protocol. It is as is and won't change much. No change == price continues to fall

Fact:
The number of people that will be introduced to bitcoin will remain constant because of no change. Same frequency of new users = prices continues to fall

[fonzie]

I seriously doubt it too but it's as possible as "be prepared for another year of slow declining price". Both are generally bullshit claims with no facts to support it whatsoever.

Fact:
There's not much to add to the bitcoin protocol. It is as is and won't change much. No change == price continues to fall

Fact:
The number of people that will be introduced to bitcoin will remain constant because of no change. Same frequency of new users = prices continues to fall

And that´s even a positive outlook.
The best we can hope is that it stabilizes some where in the lower double digit range instead of crashing to 0$ and dissapearing. 

[Razick]

People who are in just for the money... prepare for another year of falling prices. And people asking the same questions everyday and the same answers, people saying the same thing over and over, on this subforum. be prepared.

I think this is not true  if all learn this simple rule:

DO NOT HOLD YOUR BTC ON THIRD PARTY EXCHANGES – BE YOUR OWN BANK

https://bitcointalk.org/index.php?topic=945881.0

Very true. After Bitfloor and MtGox BOTH defaulted, I learned my lesson. (Although I actually am ok with real banks and trust them with cash).

[tabnloz]

I seriously doubt it too but it's as possible as "be prepared for another year of slow declining price". Both are generally bullshit claims with no facts to support it whatsoever.

Fact:
There's not much to add to the bitcoin protocol. It is as is and won't change much. No change == price continues to fall

Fact:
The number of people that will be introduced to bitcoin will remain constant because of no change. Same frequency of new users = prices continues to fall

And that´s even a positive outlook.
The best we can hope is that it stabilizes some where in the lower double digit range instead of crashing to 0$ and dissapearing. 

I don't think the price is falling because of the protocol, as by that logic it also rose because of it. If the protocol is stable and the price is rising then surely as it does not change it would keep rising. Similarly if the protocol doesnt change there will be no adoption / new users. What about the introduction of new blockchain based products? Perhaps we will see some of the millions invested turn into products of use, that may increase adoption.

Why lower double digits? Why not high double digits or $100. Is there a stabilization level?

I don't know the answers but we are in a bear market. No one can even agree on why except that we were in a bubble. Is the continuing drop due to micro or macro factors? Mining or security? Regulation? Tx limits? Bots or trading cartels?

Your general theme is that bitcoin has reached its maximum potential / usefulness. i don't agree. It's a grassroots, people driven technology, who knows what will be next? And who knows if or how it will turn around - inflation, war, economic crisis, adoption spike, celebrity endorsement, dumb luck?

[Chef Ramsay]

I'd say the price and trajectory tells the full story to all bears - short bitcoin something fierce on some intense leverage and never look back. Don't miss a savory snack of mass profits coming ahead in this alleged downtrend. Once in a lifetime opportunity that will only be available for the next month or so. Missing out would be a tragedy and I went short too and sold everything at 219 to hopefully help ignite the downward trend to help the profit seekers.  This should be promising with plenty to go around. Don't think, just act.