Double Digits incoming!

[wobber]

This crash goes well in hand with my favorite song:

https://www.youtube.com/watch?v=QGJuMBdaqIw

[eiprol]

Are you guys seriously thinking of the possibility of reaching again double digits?  Is this btc-e trollbox?

[Bitbuy]

These kind of threads never cease to amuse me...
It's like looking at doomsday prophets shitting all over themselfs, while you're watching with a bag of popcorn

[wobber]

These kind of threads never cease to amuse me...
It's like looking at doomsday prophets shitting all over themselfs, while you're watching with a bag of popcorn

Actually no true prophet should shit on themselves if they know the outcome. Just stand steady in the breeze, watching the same movie played in their minds before..

[seleme]

Are you guys seriously thinking of the possibility of reaching again double digits?  Is this btc-e trollbox?

Mirsad is absolute moron mate, probably the biggest dickhead on this forum so nothing strange. He was busy cleaning toilets of rich Swiss people and heard about Bitcoin when it was 500$ already. He is predicting crash since then  

He is such papak (the word I and Mirsad use for rednecks on Bosnian) that it's not funny but I still laugh 

[davidgdg]

Double digits is highly improbable if you consider the pattern of all previous price cycles going back to 2011. Indeed anything below 500 would be surprising and an excellent buying opportunity

[Bitcopia]

Normally the crash is way slower then than this!

No. It's not.

It's been 46 hours since the crash started. Price has gone from (Bitstamp) $1,133 to $667. So, after 46 hours current price is about 59% of price at beginning of crash.

The April crash went from $266 to $50 in less than 36 hours. So, in less than 36 hours price fell to 19% of it's price at the beginning of the crash.

We won't see double digits unless Bitcoin fails, and I highly doubt that happening any time soon.

its falling......... double digits doesnt = fail. or are you stupid ? worst YOUR A NON-BELIEVER !!
you sir are trash.

I'm an absolute believer. I have already built a business and am developing another business around the Bitcoin protocol. What have you done other than troll this board with poor grammar and thoughtless comments for a couple weeks?

Bitcoin won't see double digits again because too many people with deep pockets are understanding its capabilities. If it reaches double digits at this point, that would signal that there is a significant problem with an underlying principal and another alt currency corrects that problem. As I said, I highly doubt that happening any time soon. I highly doubt that happening ever due to the resiliency of the protocol and its stakeholders interest in self-preservation.

[octaft]

why are people posting such bold statements yet unwilling to take a bet!

Because your bet is atrocious value for the other side. You win, you get 10BTC valued at 300-800 each, or whatever the price may be. They win, the maximum each BTC they win can be is $99.

If you want to make it legitimate, pick a monetary value, and have the loser pay out the equivalent of that value in BTC.

[Bitcopia]

Merrill Lynch (Bank of America's Wealth Management Division) just issued a first assessment of Bitcoin in which they clearly miss the full concept of what the protocol is capable of and only analyze its value as a payment vehicle and store of wealth. Even their shortsighted analysis estimates BTC should be valued at $1,300 USD. They do mention that its value at over $1,000 is ahead of its time, but surely when one of the world's largest financial institutions sees its potential value should be $1,300, other investment firms are seeing the same. Do you really think they are going to try to let price drop to double digits before buying? Do you really think Second Market is going to sell their holdings at ~25% of what they paid for them?

Come on guys, think. Or just panic sell your coins to the people who do.

https://s3.amazonaws.com/s3.documentcloud.org/documents/885843/banks-research-report-on-bitcoin.pdf

[fluidjax]

The success of Bitcoin is not dependant on its value measured in fiat.
People are coding, developing, integrating into existing systems. This will determine bitcoins success or failure not a few corrections in an overheated excitable, and immature market.

[superduh]

is there a reason why OP didn't take my bet? or does he consider that his words are actually worth something.

[t3xasdolly]

Are you guys seriously thinking of the possibility of reaching again double digits?

I still hope, but only because Im greedy to buy some so cheap coins.
But realistically I doubt we will see double figures anymore

[piramida]

Are you guys seriously thinking of the possibility of reaching again double digits?  Is this btc-e trollbox?

We invited some dumber quests from there for a little bearish circus amusement We also tried to find someone who believed bitcoins would be trading at single digits soon, but he ran off on a way from asylum.

[bathwater]

Normally the crash is way slower then than this!

No. It's not.

It's been 46 hours since the crash started. Price has gone from (Bitstamp) $1,133 to $667. So, after 46 hours current price is about 59% of price at beginning of crash.

The April crash went from $266 to $50 in less than 36 hours. So, in less than 36 hours price fell to 19% of it's price at the beginning of the crash.

We won't see double digits unless Bitcoin fails, and I highly doubt that happening any time soon.

its falling......... double digits doesnt = fail. or are you stupid ? worst YOUR A NON-BELIEVER !!
you sir are trash.

I'm an absolute believer. I have already built a business and am developing another business around the Bitcoin protocol. What have you done other than troll this board with poor grammar and thoughtless comments for a couple weeks?

Bitcoin won't see double digits again because too many people with deep pockets are understanding its capabilities. If it reaches double digits at this point, that would signal that there is a significant problem with an underlying principal and another alt currency corrects that problem. As I said, I highly doubt that happening any time soon. I highly doubt that happening ever due to the resiliency of the protocol and its stakeholders interest in self-preservation.

poor grammar doesnt exist here on the internet. so if youre going to correct a [your to you're] you might as well correct the capitalization, fragment sentences, run on sentences, and seek a monotone; good luck.

back to coinage, those who heavily (deep pockets) invested in bitcoin could easily be supporters with cash or speculators looking to gain from the next bubble. but the idea of v.currency doesnt end with bitcoin's failure. nor does it mean bitcoin will end if it falls to double digits. which may still happen some day. but likely wont. but as more panic selling occurs a larger portion of bitcoin will fall in the hoarders pocket. there is a point where the market can suffocate due to greedy bogarting and the price, even without much exchanging, can still stay stagnant near 1000$. look at rent or property buying. the price is inflated even so in a failing market. im suggesting the failure of bitcoin can come with a high usd value. while YOURE misleading bitcoin double digits = failure.

btw, i havent invested in bitcoin, just admiring the technology + currency + idealism orgy soup. but i can be informative to a city. just getting what bitcoin is and can be. as of right now i see it as an ideal belief that is manifesting into a stock option. and currently it is a freight train that breaks on a dime.  

[dasein]

The success of Bitcoin is not dependant on its value measured in fiat.
People are coding, developing, integrating into existing systems. This will determine bitcoins success or failure not a few corrections in an overheated excitable, and immature market.

+1

[zimmah]

I thought he was talking about mBTC, I was about to say, isn't it a bit early for mBTC to hit double digits?

[bathwater]

The success of Bitcoin is not dependant on its value measured in fiat.
People are coding, developing, integrating into existing systems. This will determine bitcoins success or failure not a few corrections in an overheated excitable, and immature market.

+1

define, coding, developing, integrating, and existing systems.

the market (people) is a code & a existing market.

DOES SOMEONE HAVE STATS ON HOW MUCH THE MARKET IS CONNECTED ?!

[dasein]

The success of Bitcoin is not dependant on its value measured in fiat.
People are coding, developing, integrating into existing systems. This will determine bitcoins success or failure not a few corrections in an overheated excitable, and immature market.

+1

define, coding, developing, integrating, and existing systems.

the market (people) is a code & a existing market.

DOES SOMEONE HAVE STATS ON HOW MUCH THE MARKET IS CONNECTED ?!

http://blogs.wsj.com/venturecapital/2013/10/23/flurry-of-bitcoin-venture-capital-deals-gives-way-to-quiet/

http://www.huffingtonpost.com/2013/05/31/bitcoin-venture-capital_n_3368035.html

“The analogy is to the building of the viable commercial Internet a few years ago,” Terpin said. “Back then, there was a real backlash against the Internet as a tool for commerce. I remember a media executive I talked to in 1993 or 1994, when I was selling him on how fast I thought the Internet was going to grow, I told him it was 20 million people and he just laughed in my face. He asked how many of those people were grad students in Czechoslovakia.”

“I see the same dynamic here,” he added.

[zimmah]

i will bet you 10 btc escrowed there will be no double digits this year? you have any balls son?

Not just this year, probably never. Only if a World War occurs, there's a possibility : )

I'd say Bitcoin would be more valuable if such war occurs, but who knows..

Yeah, it would be valuable when half of the world would be without electricity and wouldn't be able to use the computer.
Not?

dont forget, if WW3 occurs any time soon, the only reason can be the petro-dollars.

in a war about the dollars, the dollar will quickly lose value.

if the dollar loses value, so do all other fiat currencies (at least momentarily) because they are all backed by dollars for a large percentage.

if fiat loses value, bitcoin will gain value.

also, a global war about fiat will likely wake up at least some people. (altough many will believe government propaganda and will never learn, but that don't deserve bitcoin).

[JimboToronto]

its falling......... double digits doesnt = fail. or are you stupid ? worst YOUR A NON-BELIEVER !!
you sir are trash.

Hey noob.

Perhaps you should use a smiley when making a sarcastic post on a new forum. Otherwise some people might think you were being serious with that childish nonsense.

It was the "non-believer" part that clued me into the fact that you were being facetious. Non-believer in what? Chicken Little Bearism? LOL

Even in a sarcastic post like that though, calling someone else trash is going too far.