You are all dumb and got warned this would happen.

[onesalt]

Seriously, for a long long time people have been saying "bitcoin is a bubble bought on by the greed of idiots" and now after the second major price crash caused by exactly this people might realise this. Deflationary currencies like gold and silver (and bitcoin!) do not work for this very reason. There is a reason that most government issued currency has an inflation rate and it is specifically to stop people just collecting a ton of it and hoarding it and waiting for it to go up in value and thus encourage people to actually use their money or invest it.

Bitcoins are fundamentally flawed for this reason. Why should anyone spend now what will be worth more tomorrow? Why should anyone invest in anything or buy anything when tomorrow you could buy twice as much?

[marhjan]

You are very very wrong about what the problem is here.  I doubt you understand much about either cyptocurrency, economics or trading, so I won't waste a lot of time.

Yes people warned btc was a bubble, including myself.  People who ignored that and bought around $20USD or so are STILL massively profitable regardless of anything else.  Short term yes btc was massively overvalued and in a bubble - long term it goto either $0 or $10k plus and NO ONE really knows which right now.

[HorseRider]

Seriously, I am pretty familiar with such kind of tunes. " I told you so!"  Every time the market crashes happened.

[MashRinx]

Bitcoins are fundamentally flawed for this reason. Why should anyone spend now what will be worth more tomorrow? Why should anyone invest in anything or buy anything when tomorrow you could buy twice as much?

The market just proved your argument 100% wrong over the past 48 hours.

[odolvlobo]

What crash? People that bought at the beginning of the year are still up almost 1000% after this so-called "crash". I'm still waiting for the real crash, which may or may not happen.

[bitman442]

My question is why someone who doesn't believe in Bitcoin spends so much time in this forum?

[onesalt]

Seriously, I am pretty familiar with such kind of tunes. " I told you so!"  Every time the market crashes happened.

The fact it's happened at all is what de-legitimises bitcoin as a "currency".

[ECore]

Haha...one little glitch in the system causes a dip and the itoldyaso bots come out and they try to look all smart.   Now when it goes up again this Guy wont call himself an idiot....but I will.

[mobile4ever]

Seriously, for a long long time people have been saying "bitcoin is a bubble bought on by the greed of idiots" and now after the second major price crash caused by exactly this people might realise this.

Greed will always exist outside of gold silver or bitcoin. Bitcoin is not the problem, the centralized exchange is.

Bitcoins are fundamentally flawed for this reason. Why should anyone spend now what will be worth more tomorrow? Why should anyone invest in anything or buy anything when tomorrow you could buy twice as much?

Because it is money.

[Welsh]

Crash?

It may be a so called 'crash' to new people who bought bitcoin, But what you don't realize is that a year ago it cost very little and a lot of us bought back then and are now profiting.

[kwukduck]

My question is why someone who doesn't believe in Bitcoin spends so much time in this forum?

because troll?

[bitman442]

When people didn't sell at $31 the last time this happened and then it dropped to a few dollars they were called stupid too. I was one of them. I still have my coins, and am very glad I didn't sell. It will happen again, just because it isn't a linear climb doesn't mean bitcoin is crashing and burning.

[Ivica]

Bought .5btc for 5$. Crash?

[Mike Christ]

Up down up down.

Everyone's right at some point in time.

[foggyb]

There is a reason that most government issued currency has an inflation rate and it is specifically to stop people just collecting a ton of it and hoarding it and waiting for it to go up in value and thus encourage people to actually use their money or invest it.

Let me help you. "Collecting a ton of it" is called SAVING. A fool and his money are soon parted.

[nuggets4all]

New exchanges coming online, competition from newer cryptos, and the introduction of the ability to short cryptos will help smooth out markets.

This is just another fit start from a new currency finding its place. I don't feel the need to be "protected" by the state from the scourge of lower prices.

[niko]

Seriously, for a long long time people have been saying "bitcoin is a bubble bought on by the greed of idiots" and now after the second major price crash caused by exactly this people might realise this. Deflationary currencies like gold and silver (and bitcoin!) do not work for this very reason. There is a reason that most government issued currency has an inflation rate and it is specifically to stop people just collecting a ton of it and hoarding it and waiting for it to go up in value and thus encourage people to actually use their money or invest it.

Bitcoins are fundamentally flawed for this reason. Why should anyone spend now what will be worth more tomorrow? Why should anyone invest in anything or buy anything when tomorrow you could buy twice as much?

You are contradicting yourself. Are bitcoins or gold always going to be worth more tomorrow, or did the price of btc just go down?

[wopwop]

I am a winner

(200 euro was the top)

Who sold even more at the top? post your screenshots!

[nameface]

Greed will always exist outside of gold silver or bitcoin. Bitcoin is not the problem, the centralized exchange is.

That belongs on a t-shirt!

Mt. Gox ≠ Bitcoin

+ 1000

[jackofspades]

makes me sick to think about the whales who sold thousands of BTC at 250usd ea...
we all know its only a matter of time before BTC surges back up past 266 this time
When will the next 'bubble' (holds back laughter) be? 350? 500? 750?