Fear will replace greed (Single digit Bitcoins in 2014).

[intense]

The volume of trade around the 1200 mark is low compared to the significant volume around the 450 - 900 mark.
Some of the bag holders at 900 will dump and lose out but most will either hold, or buy more, which has been proven by the strong floor at 460, was tested on the way up and on the way down.

[Ozymandias]

The only people who were correct in claiming that we were going to $10 were those who claimed that before Oct 26, 2012. The ones who claimed that we were going to less than that were correct even less often.

[Bitbuy]

again one of these posts....
ok, I'll follow suit. Bitcoin will be worth 0$ in 2876!
 
Haven't you heard, trend for 2014 is HODL?!

[Bitbuy]

A cataclysmic event that drives the price back down to 10 USD may also mean the end of Bitcoin...

[Bitbuy]

A cataclysmic event that drives the price back down to 10 USD may also mean the end of Bitcoin...

Yeah, but cataclysmic events aren't sold at the corner store. Good luck finding one.

True, the ONLY real cataclysmic events which could have the power to destroy BTC are either something regulation-related (ban) or failure of the BTC protocol. Don't have any idea how likely these are of course.

[alexeft]

Lots of people have been burnt buying at 1200

they only got burnt because they SODL'd and did not HODL

Yep, so, HODL!!!! 

[T.Stuart]

Hint: I predict a meltdown, you predict a boom. Why is your post full of wisdom, while I am posting trite? My scenario is that bitcoin cant work, thus goes into single digits/cents. Your scenario (boom), cant be connected to a concrete price (or its much harder).

Please explain your "can't work" scenario better.

Later you said "already had massive media coverage" but although I can't prove it, I really think that many of us here, with our noses in it every day, are under the illusion that every Tom, Dick and Harry in the world knows about Bitcoin, knows how to buy a Bitcoin, knows how a Bitcoin works, etc. I honestly believe that such a person is relatively rare on this planet at the moment.

For example, I live and work in Belgium in Europe, and I can tell you that no-one in the office here knows about Bitcoin. The one person I started talking to about it had not heard about it and looked confused. And he is on the internet every day (but browsing in French).

Although we (please excuse my talking for everybody) have Bitcoin on the brain, search for news etc, most people do not. And media coverage is fickle: it takes many repeats for it to sink in en masse.

Why "Bitcoin can't work"? Please explain more clearly.

[ironstove]

Bitcoin won't fail, and it won't hit single digits... Doubt double is even possible. There is way too much support and adoption for the technology already and it's only scaling higher. Keep dreaming about your cheap coins which will never come.

I'm calling this bottom @ high to mid 300s. If it strikes that price within the next 2-3 weeks, that's the hot time to buy. Anything lower than 300 is just too much of a steal. I think that 420 might be the ATL that we see, which means most everyone missed their buying opportunity. I am still holding fiat as I am going to take the risk of finding a better opportunity elsewhere.

In other news:

[massimies]

Even if op's "vision" would come true I'd be still HODLING.

[uhoh]

Like the OP, I too enjoy PCP!

Shadow people got the weakest hands.

 

[superduh]

right. as if your train of thought hasn't repeatedly been used at every single price point on the way up?

[rampantparanoia]

hey guy

double digits is coming




for mBTC

[Xer0]

greed is the path to fear.
fear it the path to panic.
panic is the path to dark single digit times

?

[porc]

Hint: I predict a meltdown, you predict a boom. Why is your post full of wisdom, while I am posting trite? My scenario is that bitcoin cant work, thus goes into single digits/cents. Your scenario (boom), cant be connected to a concrete price (or its much harder).

1) Please explain your "can't work" scenario better.

2) Later you said "already had massive media coverage" but although I can't prove it, I really think that many of us here, with our noses in it every day, are under the illusion that every Tom, Dick and Harry in the world knows about Bitcoin, knows how to buy a Bitcoin, knows how a Bitcoin works, etc. I honestly believe that such a person is relatively rare on this planet at the moment.

For example, I live and work in Belgium in Europe, and I can tell you that no-one in the office here knows about Bitcoin. The one person I started talking to about it had not heard about it and looked confused. And he is on the internet every day (but browsing in French).

Although we (please excuse my talking for everybody) have Bitcoin on the brain, search for news etc, most people do not. And media coverage is fickle: it takes many repeats for it to sink in en masse.

Why "Bitcoin can't work"? Please explain more clearly.

1) Check out my post history.

2) In the US, bitcoin has been on front covers of main stream newspapers/magazines. Every tv news station has reported on it. Most precious metals investors know about it. Maybe the bubble can be reflated one more time. However I think in 2014 it will collapse.

[windjc]

Hint: I predict a meltdown, you predict a boom. Why is your post full of wisdom, while I am posting trite? My scenario is that bitcoin cant work, thus goes into single digits/cents. Your scenario (boom), cant be connected to a concrete price (or its much harder).

1) Please explain your "can't work" scenario better.

2) Later you said "already had massive media coverage" but although I can't prove it, I really think that many of us here, with our noses in it every day, are under the illusion that every Tom, Dick and Harry in the world knows about Bitcoin, knows how to buy a Bitcoin, knows how a Bitcoin works, etc. I honestly believe that such a person is relatively rare on this planet at the moment.

For example, I live and work in Belgium in Europe, and I can tell you that no-one in the office here knows about Bitcoin. The one person I started talking to about it had not heard about it and looked confused. And he is on the internet every day (but browsing in French).

Although we (please excuse my talking for everybody) have Bitcoin on the brain, search for news etc, most people do not. And media coverage is fickle: it takes many repeats for it to sink in en masse.

Why "Bitcoin can't work"? Please explain more clearly.

1) Check out my post history.

2) In the US, bitcoin has been on front covers of main stream newspapers/magazines. Every tv news station has reported on it. Most precious metals investors know about it. Maybe the bubble can be reflated one more time. However I think in 2014 it will collapse.

You know, instead of coming up with weak theories about why Bitcoin can't work, if you had actually invested heavily in it when you found out about it you would be very well off now. Instead, you're just butthurt and lonely. And your contribution to this world is spending time trolling a bitcoin (which you claim is useless) forum.

Way to go. You are a real success.

[porc]

You know, instead of coming up with weak theories about why Bitcoin can't work, if you had actually invested heavily in it when you found out about it you would be very well off now. Instead, you're just butthurt and lonely. And your contribution to this world is spending time trolling a bitcoin (which you claim is useless) forum.

Way to go. You are a real success.

LOL at you guys calling anybody who criticizes bitcoin a troll. I am interested in the topic sound money. I dont believe in bitcoin. I am not butthurt for missing out on bitcoin gains (which I believe are fake as most people will lose a lot of money and only a few will gain tremendously). I never said this forum is useless, as it is discussing important topics (state, economics, and money). You are pathetic.  

We will see how successful your investment in bitcoin will be. He who laughs last laughs best. Now you call me a troll who contributes nothing to this forum (but disinformation and FUD). Lets see what happens in 2014.


Now I know why you are so hostile towards me. I called you out on your we Americans are the most powerful and greatest on earth BULLSHIT. Must be harsh, I challenge two of your delusions (bitcoin and the US):

LOL @ China being the most powerful country in the world. The most powerful country in the world is AMERICA. Deal with it. We control the money and the military and because of that, we control the oil. Our government and regulators and innovators have given the "ok" to bitcoin.

Come to think about it, instead of meeting you, we will just wave to you above $2000 in 2014.

 

Lol. You are praising a falling star (crashing would be more accuarte).

The US is the biggest debtor of them all. Huge liabilities, big government mentality, anti free market philosophy is on the rise and Obama is a socialist in office. The FED is printing like there is no tomorrow. Americans consume (debt financed) but save and produce nothing.

China on the other hand is one of the largest creditors, is liberating its markets (as it has been burned by communism), and is actually moving away from the dollar (China has been propping up US consumption and living standards). Once the yuan is free floating (not pegged to the dollar) and once the dollar crashes, you will hopefully wake up! The Chinese save (one of the highest saving rates in the world) and produce!

China is the future.

Even bigger LOL at you thinking that the US government will be more friendly to bitcoin, if it feels threatened by it (dollar monopoly=power remember?).

[windjc]

Hint: I predict a meltdown, you predict a boom. Why is your post full of wisdom, while I am posting trite? My scenario is that bitcoin cant work, thus goes into single digits/cents. Your scenario (boom), cant be connected to a concrete price (or its much harder).

1) Please explain your "can't work" scenario better.

2) Later you said "already had massive media coverage" but although I can't prove it, I really think that many of us here, with our noses in it every day, are under the illusion that every Tom, Dick and Harry in the world knows about Bitcoin, knows how to buy a Bitcoin, knows how a Bitcoin works, etc. I honestly believe that such a person is relatively rare on this planet at the moment.

For example, I live and work in Belgium in Europe, and I can tell you that no-one in the office here knows about Bitcoin. The one person I started talking to about it had not heard about it and looked confused. And he is on the internet every day (but browsing in French).

Although we (please excuse my talking for everybody) have Bitcoin on the brain, search for news etc, most people do not. And media coverage is fickle: it takes many repeats for it to sink in en masse.

Why "Bitcoin can't work"? Please explain more clearly.

1) Check out my post history.

2) In the US, bitcoin has been on front covers of main stream newspapers/magazines. Every tv news station has reported on it. Most precious metals investors know about it. Maybe the bubble can be reflated one more time. However I think in 2014 it will collapse.

You know, instead of coming up with weak theories about why Bitcoin can't work, if you had actually invested heavily in it when you found out about it you would be very well off now. Instead, you're just butthurt and lonely. And your contribution to this world is spending time trolling a bitcoin (which you claim is useless) forum.

LOL at you guys calling anybody who criticizes bitcoin a troll. I am interested in the topic sound money. I dont believe in bitcoin. I am not butthurt for missing out on bitcoin gains (which I believe are fake as most people will lose a lot of money and only a few will gain tremendously). I never said this forum is useless, as it is discussing important topics (state, economics, and money). You are pathetic.  

We will see how successful your investment in bitcoin will be. He who laughs last laughs best. Now you call me a troll who contributes nothing to this forum (but disinformation and FUD). Lets see what happens in 2014.

Sound money is money you can buy something with. So the gains in bitcoin are not fake. They are REAL. Real wealth is being created. Even if Bitcoin went to zero, some people become much better off financially in the process. You are butthurt. And you have nothing to contribute.

Here's an idea. If you are interested in "sound money," go make some. Troll.

[porc]

1) Sound money is money you can buy something with. So the gains in bitcoin are not fake. They are REAL. Real wealth is being created. Even if Bitcoin went to zero, some people become much better off financially in the process. 2) You are butthurt. And you have nothing to contribute.

3) Here's an idea. If you are interested in "sound money," go make some. Troll.

1) I can buy stuff with dollars, does that make them sound money? Lets agree to disagree on the soundness of bitcoin. In my opinion the gains in bitcoin are not real because it is a pyramid. Again we will have to agree to disagree
2) I dont know why you feel the need to attack me personally instead of making a substantive argument (as I have done in numerous other threads).

https://bitcointalk.org/index.php?topic=361037.0
https://bitcointalk.org/index.php?topic=361037.msg3926046#msg3926046

Now you might not think I am correct. But that I contribute nothing while you are contributing information of great value is absurd. Get off your high horse and stop being emotional. We disagree on a investment decision.

Also you thinking America is the most powerful nation is foolish. America is going to collapse in the next decade. Again, once it happens you might think differently about my contribution. Same goes with bitcoin.

3) I dont see how you have a right to tell me what to do. Calling anybody who disagrees a troll and shaming him, has dictatorial tendencies.

[piramida]

Bitcoin below 10 dollars in 2014.

Oh prophet, here is your path to great riches then: http://bitbet.us/bet/672/btc-will-hit-1000-without-dropping-to-100/

Yeah, I know it is unfair if you don't believe in the BTC future. Here's a fairer deal - pick a trusted community member, escrow him any amount of BTC you want, and I will send him the same amount of fiat at the current rate. In case bitcoin reaches $10 in 2014, you get my fiat. I get your BTC otherwise. Deal?

Your topic would have much more weight than a fart in the water that it is now. You can show you really believe what you type here.

[Kaiji]

Too many people with fiat waiting to scoop up cheap coins. Only way it will reach single digits is if there is a serious crackdown on btc. If it reaches single digits there is a good reason for it and it is unlikely to rise up again.

People are playing the holding game now; though after the China got out of the game I have a hard time seeing how the price can go back to $1000.