bitcoin starting to fail?

[dustofdeath]

With  goverments/ banks starting to manipulate/control it and resent price crashes and nto picking back up.. is bitcoin showing signs of failure?

[Remember remember the 5th of November]

With  goverments/ banks starting to manipulate/control it and resent price crashes and nto picking back up.. is bitcoin showing signs of failure?

You haven't seen a crash yet. I've seen Bitcoin crash from 30 to 0.01, it hasn't died yet.

[Barek]

Read that if you are actually looking for an explanation:

https://bitcointalk.org/index.php?topic=362402.0

[Mjbmonetarymetals]

Read that if you are actually looking for an explanation:

https://bitcointalk.org/index.php?topic=362402.0

Huh this is a joke right? The Bitcoin price corrects back to its price 4 weeks ago and it's starting to fail? Btc holders need a little more courage behind their conviction that lead them to investing in the first place then they wouldn't get phased by these normal growing pains which most here have seen over and over and over again.

[knight22]

With  goverments/ banks starting to manipulate/control it and resent price crashes and nto picking back up.. is bitcoin showing signs of failure?

No but don't expect the banks to support bitcoin anytime soon.  

[dustofdeath]

im not ah older.. i basically have none.. so its not my money in play.

[brooksby]

With  goverments/ banks starting to manipulate/control it and resent price crashes and nto picking back up.. is bitcoin showing signs of failure?

You haven't seen a crash yet. I've seen Bitcoin crash from 30 to 0.01, it hasn't died yet.

I agree.  The rumors of bitcoin's death are greatly over exagerated.  Governments are actually accepting bitcoin surprizingly well considering it could one day challenge their fiat currencies.  They have been cautious but not out right banning the technology.  That's probably the best middle road stance we could ask for.

[malevolent]

You haven't seen a crash yet. I've seen Bitcoin crash from 30 to 0.01, it hasn't died yet.

From $30 to $0.01 you say? 

[LiteCoinGuy]

With  goverments/ banks starting to manipulate/control it and resent price crashes and nto picking back up.. is bitcoin showing signs of failure?

You haven't seen a crash yet. I've seen Bitcoin crash from 30 to 0.01, it hasn't died yet.

  good point

[Barek]

Read that if you are actually looking for an explanation:

https://bitcointalk.org/index.php?topic=362402.0

Huh this is a joke right? The Bitcoin price corrects back to its price 4 weeks ago and it's starting to fail? Btc holders need a little more courage behind their conviction that lead them to investing in the first place then they wouldn't get phased by these normal growing pains which most here have seen over and over and over again.

You might want to actually read the linked thread and the article. This is exactly the point the article makes, while explaining the situation in China.

[vpitcher07]

Oh look, another thread about bitcoins demise. Please stop. Just stop.

[Ecurb123]

anyway just because the price falls doesn’t really mean it falls, functionally it's the same thing that it was last week.

[jones31]

Price has nothing to do with "failure" in this case.
You can still buy bitcoins and you can still spend them even at 10$ and even at 1000$.
The only problem is that some people had 1MM worth of usd and they now have 0.7 But they do have the same amount of bitcoin and that is what matters.

[qwk]

You haven't seen a crash yet. I've seen Bitcoin crash from 30 to 0.01, it hasn't died yet.

From $30 to $0.01 you say? 

I remember that day, and I cherish that memory.
It was more like from $18ish to $0.01, though, and I was watching live.
Ah, memories

[BittBurger]

With all due respect (none) .... how are people so utterly simple minded?

We are at a price right now that was considered unfathomable for Bitcion ... a whopping ... 4 weeks ago.

Four weeks ago.

Unfathomable.  

On what planet .... In what universe ... does a $720 valued Bitcoin equate to "Failing" .... or "Crashing" .... or "Dead" ?

People's brains utterly confound me sometimes.

Seriously.  What IQ is necessary to work this simple thought process out in one's mind?

-Burger-

[malevolent]

You haven't seen a crash yet. I've seen Bitcoin crash from 30 to 0.01, it hasn't died yet.

From $30 to $0.01 you say?  

I remember that day, and I cherish that memory.
It was more like from $18ish to $0.01, though, and I was watching live.
Ah, memories

That doesn't count as Gox reversed those trades.

[qwk]

You haven't seen a crash yet. I've seen Bitcoin crash from 30 to 0.01, it hasn't died yet.

From $30 to $0.01 you say?  

I remember that day, and I cherish that memory.
It was more like from $18ish to $0.01, though, and I was watching live.
Ah, memories

That doesn't count as Gox reversed those trades.

I know, I know, but, but, but for epicness!

[allthingsluxury]

Bitcoin isn't going anywhere.

[justusranvier]

Huh this is a joke right? The Bitcoin price corrects back to its price 4 weeks ago and it's starting to fail? Btc holders need a little more courage behind their conviction that lead them to investing in the first place then they wouldn't get phased by these normal growing pains which most here have seen over and over and over again.

It's not a joke - it's panic/short sellers who are afraid that they'll have to buy back in at a loss so they need to spread some fear around to keep the price down.

[bitcoinminer]

Yes, bitcoin has failed.  Please turn in all of your BTC to the bitcoin faucet and walk away.