Any word on why Bitcoin has dropped 30% in the last 3 or 4 days???

[tokeweed]

We've had a bubble and now it's deflating.

this.  all bitcoin had going for it at those high prices was hype.

[BitChick]

We've had a bubble and now it's deflating.

this.  all bitcoin had going for it at those high prices was hype.

I would think it would have crashed even more then.  At least it did not go down to $60 like last time.  I am encouraged it is almost back to 80 after the dip today.  I think it will be back in the 90's in a few days.  Of course, people are probably awaiting news from Mt. Gox with regard to the USD cash Withdrawals being on hold.

[SOSLOVE868]

The neverending mess with those exchanges is one major issue that is causing alot of skepitcism.

Yes.  Where are all the VCs that are supposedly pouring money into creating better exchanges and infrastructure?  We need them NOW!

The only things can save BTC is become P2P trading.... centralized Exchange I guess won't help.....they should all be closed eventually.

[tokeweed]

We've had a bubble and now it's deflating.

this.  all bitcoin had going for it at those high prices was hype.

I would think it would have crashed even more then.  At least it did not go down to $60 like last time.  I am encouraged it is almost back to 80 after the dip today.  I think it will be back in the 90's in a few days.  Of course, people are probably awaiting news from Mt. Gox with regard to the USD cash Withdrawals being on hold.

nope.  it's just trending down.  why?  cos this aint the 'panic' yet.

your bolded statement says you are in a state of 'denial'.  and that's what most of the people are in right now... denial.

[SOSLOVE868]

We've had a bubble and now it's deflating.

this.  all bitcoin had going for it at those high prices was hype.

I would think it would have crashed even more then.  At least it did not go down to $60 like last time.  I am encouraged it is almost back to 80 after the dip today.  I think it will be back in the 90's in a few days.  Of course, people are probably awaiting news from Mt. Gox with regard to the USD cash Withdrawals being on hold.

nope.  it's just trending down.  why?  cos this aint the 'panic' yet.

your bolded statement says you are in a state of 'denial'.  and that's what most of the people are in right now... denial.

I need a strong cigarette to peace my mind.....just check my assets....almost 10K disappear in past 4 days...

 
 

[BrightAnarchist]

We've had a bubble and now it's deflating.

Exactly... all these other explanations are just... crap

[Frozenlock]

I need a strong cigarette to peace my mind.....just check my assets....almost 10K disappear in past 4 days...

Any plan to protect the remaining?

[TippingPoint]

The only things can save BTC is become P2P trading.... centralized Exchange I guess won't help.....they should all be closed eventually.

Were centralized exchanges ever envisioned by Satoshi?

They are what is known as a "target rich environment" for the government.

Maybe they are an evolutionary dead end.

[SOSLOVE868]

I need a strong cigarette to peace my mind.....just check my assets....almost 10K disappear in past 4 days...

Any plan to protect the remaining?

I am freak out.....I just sold all my BTC...But still keep my AM shares......I hope this portfolio is a wise choice. otherwise I am go on silk road ,use my remaining to buy some happy stuffs....you know what I mean ....hahaha

[SOSLOVE868]

The only things can save BTC is become P2P trading.... centralized Exchange I guess won't help.....they should all be closed eventually.

Were centralized exchanges ever envisioned by Satoshi?

They are what is known as a "target rich environment" for the government.

Maybe they are an evolutionary dead end.

I hate MT.GOX very much ,people regard it as price index...but because it is a target for government , it just contributing to destroying people's faith in BTC...

localbitcoin is a good place to go ,but sad thing is it still linked price with MT.GOX.

[TippingPoint]

The only things can save BTC is become P2P trading.... centralized Exchange I guess won't help.....they should all be closed eventually.

Were centralized exchanges ever envisioned by Satoshi?

They are what is known as a "target rich environment" for the government.

Maybe they are an evolutionary dead end.

I hate MT.GOX very much ,people regard it as price index...but because it is a target for government , it just contributing to destroying people's faith in BTC...

localbitcoin is a good place to go ,but sad thing is it still linked price with MT.GOX.

I have not yet gotten to the point that I hate them, but I have instinctively avoided them.  I used a combination of localbitcoin and craigslist.

[SOSLOVE868]

I have not yet gotten to the point that I hate them, but I have instinctively avoided them.  I used a combination of localbitcoin and craigslist.

I think eventually MT.GOX will become a history, because its trade mechanism isn't perfectly fit the needs of BTC..once MT.GOX and other similar centralized exchanges become history, I see a bright light of BTC ahead of me....

[DoomDumas]

I see no plroblem here, and do not seek explanation.  This is trading.  From a trading point of view, going from 100 to 70 it's the same as going from 10 to 7.  From 2 to 20 is the same as from 20 to 200..
bitcoins are just as volatile as they where most of the time in history.  

When Bitcoin will be use by 1000x more peoples/business, then we may arrive at some stabilty versus fiat.. a bullish stability indeed, due to how fiat currencies are created.

Enjoy and try to keep emotions away from your decisions.

I buy as much as I can, IMO every BTC under 100 is at discount !


p.s. anyone know what's going on with the Havelock Investment web site (HIM) ?  Down for a while now..  
https://www.havelockinvestments.com/

[SOSLOVE868]

I see no plroblem here, and do not seek explanation.  This is trading.  From a trading point of view, going from 100 to 70 it's the same as going from 10 to 7.  From 2 to 20 is the same as from 20 to 200..
bitcoins are just as volatile as they where most of the time in history.  

When Bitcoin will be use by 1000x more peoples/business, then we may arrive at some stabilty versus fiat.. a bullish stability indeed, due to how fiat currencies are created.

Enjoy and try to keep emotions away from your decisions.

I buy as much as I can, IMO every BTC under 100 is at discount !


p.s. anyone know what's going on with the Havelock Investment web site (HIM) ?  Down for a while now..  
https://www.havelockinvestments.com/

Summer sales is on .....

[Frozenlock]

I buy as much as I can, IMO every BTC under 100 is at discount !

Oh goodie...

[oda.krell]

I buy as much as I can, IMO every BTC under 100 is at discount !

Oh goodie...

There's nothing wrong with this statement, from the perspective of a (long-term) optimistic investor. In another thread I advised to sell now and buy back later, like many others have done before me, but I don't sneer at the "I'm buying now, it's at a discount" strategy either.

In 2011 (I wasn't around then, but I read the old forum posts) people said the same, and then price dropped another, say, 50%. So from your perspective they were fools to buy at that point, just like they're now, right?

Well, you know as well as I do that they weren't. They could have maximized their btc stash had they waiter a bit longer, but in the end, they still bought below 10 USD, and if they had wanted to, could have sold at a 10x ROI.

tl;dr The best strategy, IMO, is to sell now and buy back later. But buying right now isn't dumb either, if you're in for the long run and don't lose your sleep over seing the fiat value of your stash erode for a while longer.

[Rampion]

We've had a bubble and now it's deflating.

Stop using Xrumer.

I'm not. Why would I answer the same question differently in essence multiple times?

It's a simple fact, we had a speculative bubble where people chased gains and now this bubble is deflating so we return to more sensible prices.

This.

We've had a bubble and now it's deflating.

how can you be a mod in this forum if you're against btc? telling btc price is a bubble makes u a proudhon fanatic...

Are you joking? To be a mod in here you have to be a bullshitter in denial of the cold hard facts?

Wow, so much butthurt and fail in these forums...

We've had a bubble and now it's deflating.

this.  all bitcoin had going for it at those high prices was hype.

I would think it would have crashed even more then.  At least it did not go down to $60 like last time.  I am encouraged it is almost back to 80 after the dip today.  I think it will be back in the 90's in a few days.  Of course, people are probably awaiting news from Mt. Gox with regard to the USD cash Withdrawals being on hold.

Still way to go. This is just the beginning of fear. Before it goes up again you will have despair and capitulation, Bitcoin needs to be really undervalued before consistently going up again, triggering a positive cycle.

Just remind it was traded at $13 in January. Right now it's still trading at inflated prices, the bubble is far from deflated yet.

[oxoa]

  Stop spreading sh*t people, things should go better now:

https://mtgox.com/press_release_20130704.html

But it doesn't mean we should all depend on them... we should use more exchanges.
Also spooking everyone isn't helping either.

Instead of spreading sh*t we should spread the use of bitcoins for consuming.
Local shops, bars, asking your favorite internet shop if they gonna use it,
affirming that we are a strong community.  

[Rampion]

Stop spreading sh*t people, things should go better now:

https://mtgox.com/press_release_20130704.html

But it doesn't mean we should all depend on them... we should use more exchanges.
Also spooking everyone isn't helping either.

Instead of spreading sh*t we should spread the use of bitcoins for consuming.
Local shops, bars, asking your favorite internet shop if they gonna use it,
affirming that we are a strong community.  

Why are you crossposting this everywhere in speculation?

You feel bad when BTC price goes down, we get it, just sell.

[cryptoanarchist]

Man, reading this thread really makes me lose faith in humanity. Full of dumbasses.