''The End Is Nigh'' trolls and market speculation.

[Argwai96]

I wonder how far it will fall???

Dont expect it to stay much lower than 700 for any length of time.

you might just be surprised. this rally is over. a bear market may be in!

[StealthyCactus]

Yeah you gotta take verything you hear with a grain of salt, lotta people out there looking to profit from your panic. 

[Gimmelfarb]

Yeah you gotta take verything you hear with a grain of salt, lotta people out there looking to profit from your panic. 

that's for sure! hehe.

[Anon136]

I wonder how far it will fall???

Dont expect it to stay much lower than 700 for any length of time.

you might just be surprised. this rally is over. a bear market may be in!

yea i wouldn't be surprised if i was surprised. wait what.

[mybogusname]

Now at 675 and dropping.. YAY!!!

[bathwater]

Now at 675 and dropping.. YAY!!!

400$ by midnight ??

pacific +8, california time zome

[Dr Bloggood]

Damn, this is buying time now!

Not with 100% of the sum you want to invest, but with, let's say, 30%-50%.

[azedee]

There are many variations of this particular individual. I think it would be educational to discuss them and find other species of this ''The End Is Nigh'' troll.  

Amid frenetic bubbles most of the bulls are trolls.

[hellfrozenow]

I don't know guys, but I feel we are really onto something here..
All these fluctuations in the market are normal for something unknown to the world as the alts are, but when I see that yesterday a first Tesla was sold for over 90 BTC or when I read that Lamborghini will also start selling cars in BTCs, things like this just restore my confidence into alts.

There is no room for panic in this business. Of course this is easier said than done when many of us out there have given a 1000 for just 1 BTC but because of this panic, such huge market fluctuations are happening.

But do altcoins have a future?? Most positively YES!

  just look at LTC price swings for last week or so. Alt coins are even crazier in price swings than Bitcoin 

[mackb]

Lots of media coverage on BTC and Alts the last couple of weeks has brought a lot of speculators and inexperienced investors (myself included). This was like the day trader boom in the late 90's/early 00's. Lot's of hype machines and doom and gloomers all over, but mostly people losing their shirts while the smart ones bought slowly and steadily.

[Anon136]

Lots of media coverage on BTC and Alts the last couple of weeks has brought a lot of speculators and inexperienced investors (myself included). This was like the day trader boom in the late 90's/early 00's. Lot's of hype machines and doom and gloomers all over, but mostly people losing their shirts while the smart ones bought slowly and steadily.

very glad that you learned the right lesson from this and were not scared away by it. welcome to bitcoin.

[Motya]

It's because of the news out of China. We've seen crashes before it will stabilize around production cost.

How much is the production cost?

well seeing as the cost for equipment to mine has gone up that would mean the value of BTC should be going up.

As the costs increase how is that supposed to push up the value? Does each miner go "BTC needs at this price for me to be profitable, I better go buy some to increase its value!" ?