Confirmed Bad News Sources Thread - No FUD, Just Facts!!!1

[Kungfucheez]

Only for last 24h we have drop BTC price 60 usd !
it seems that producers of mining hardware not more to invest money in Bitcoin, and price sliding down slowly.

View Screen Capture

By next month we should easily see the price below $300.  Do you agree?

Don't think so, I'd bet .01 btc that it won't hit $300 anytime this year

[1714692597]

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[1714692597]

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[1714692597]

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[Chancellor]

Producers of mining hardware are not needed for bitcoin sustainability. They all may close their businesses right away.

Producers of mining hardware are the last two months artificially raised the price of Bitcoin,
But now it seems that over, no more interest because the difficulties are enormous, and even more coming soon.

True. But they are not needed. Massive for profit mining is not required for Bitcoin protocol.

[igorr]

Only for last 24h we have drop BTC price 60 usd !
it seems that producers of mining hardware not more to invest money in Bitcoin, and price sliding down slowly.

View Screen Capture

By next month we should easily see the price below $300.  Do you agree?

I think the price in the next month will be about 450-600 usd,  
in the april-2014 year, very possible 150-250 USD, or perhaps below 150 usd.

[dissident]

people assume miners will sit in coins because they don't want to lose money, but there's no law that says a person MUST make a profit.  Having a lower price is good for everyone... it shakes out the loose hands and helps get the coins out of the hands of the rich (early adopters) ... what we really need is a severe bear market where people's psychological sentiment is also destroyed.. meaning they think the coin is going to fail, so they sell and cash out for fiat... this will allow a more broad investor base to enter at reasonable prices and set up for the next healthy bull, so you don't have 250 users controlling 25% of the coins.

The coin that can diversify it's user base the most will have the most success. So far all coins seem created so that their creators can basically retire off them... also transaction fees go against the very nature of a crypto currency.. if I can use a credit card for the same fee as a crypto currency, why bother with the hassle of the crypto currency?

[Chancellor]

I think the price in the next month will be about 450-600 usd,  
in the april-2014 year, very possible 150-250 USD, or perhaps below 150 usd.

So how much have you invested in mining hardware? It must be pretty worthless now, after this smart ruling of your government. But then Russians will be no more cheated with this bitcoin scam. You're winners.

[igorr]

Producers of mining hardware are not needed for bitcoin sustainability. They all may close their businesses right away.

Producers of mining hardware are the last two months artificially raised the price of Bitcoin,
But now it seems that over, no more interest because the difficulties are enormous, and even more coming soon.

True. But they are not needed. Massive for profit mining is not required for Bitcoin protocol.

Who has an interest, that raises the price up, for example as producers of mining hardware.


Ordinary people can not be doing that, because it takes a lot of money,
look at Litecoin, No big players, the price is at a minimum.

I think the price in the next month will be about 450-600 usd,  
in the april-2014 year, very possible 150-250 USD, or perhaps below 150 usd.

So how much have you invested in mining hardware? It must be pretty worthless now, after this smart ruling of your government. But then Russians will be no more cheated with this bitcoin scam. You're winners.

I never mine any cryptocoin, and I never buy any cryptocoin, and I said, I would not pay 1USD for all Bitcoin.

[fonzie]

so we´re at the "bottom" now, right?

[Chancellor]

Who has an interest, that raises the price up, for example as producers of mining hardware.

Anyway seems that mining hadrware producers are no more able to "control" the price. It is falling. As dissident stated it will allow for more investors and more diversifivacion of bitcoin owners. This is good for bitcoin.

[proudhon]

Only for last 24h we have drop BTC price 60 usd !
it seems that producers of mining hardware not more to invest money in Bitcoin, and price sliding down slowly.

View Screen Capture

By next month we should easily see the price below $300.  Do you agree?

I think the price in the next month will be about 450-600 usd,  
in the april-2014 year, very possible 150-250 USD, or perhaps below 150 usd.

Hmmm, interesting, what's the reason for your somewhat bullish analysis?  My data suggests much lower.

[otsaku]

i love you guys

[igorr]

Hmmm, interesting, what's the reason for your somewhat bullish analysis?  My data suggests much lower.

After BTC jump in april-2013 year when is BTC 288 usd, time of falling prices to the minimum value 70 usd,
was 4 months.

You can check this chart and indicators, now we have very similar situation at chart and indicator,
RSI indicator need to comes in blue, below 30.

http://bitcoincharts.com/charts/mtgoxUSD#rg360ztgSzm1g10zm2g25zxzi1gMDXzi2gRSIzi3gSStochzi4gMACDzv

the last big jump we had in December-2013 years, and in BTC shold be at minimum in april-2014 year.

[fonzie]

200$ by tomorrow. Fact

[proudhon]

Hmmm, interesting, what's the reason for your somewhat bullish analysis?  My data suggests much lower.

After BTC jump in april-2013 year when is BTC 288 usd, time of falling prices to the minimum value 70 usd,
was 4 months.

You can check this chart and indicators, now we have very similar situation at chart and indicator.

http://bitcoincharts.com/charts/mtgoxUSD#rg360ztgSzm1g10zm2g25zxzi1gMDXzi2gRSIzi3gSStochzi4gMACDzv

the last big jump we had in December-2013 years, and in BTC shold be at minimum in april-2014 year.

Exactly.  My data is showing that 2014 will likely set lower lows than 2011.  This is because the jump was so shallow in the 5th C wave, plus all the confirmed news sources, that are bad.

[proudhon]

200$ by tomorrow. Fact

Thank you.  This thread is reserved for facts, not FUD.  I wish the haters would get out.

[igorr]

Hmmm, interesting, what's the reason for your somewhat bullish analysis?  My data suggests much lower.

After BTC jump in april-2013 year when is BTC 288 usd, time of falling prices to the minimum value 70 usd,
was 4 months.

You can check this chart and indicators, now we have very similar situation at chart and indicator.

http://bitcoincharts.com/charts/mtgoxUSD#rg360ztgSzm1g10zm2g25zxzi1gMDXzi2gRSIzi3gSStochzi4gMACDzv

the last big jump we had in December-2013 years, and in BTC shold be at minimum in april-2014 year.

Exactly.  My data is showing that 2014 will likely set lower lows than 2011.  This is because the jump was so shallow in the 5th C wave, plus all the confirmed news sources, that are bad.

yes, 2014 years could be fatal for Bitcoin,
because will no longer be anyone to fund BTC, I think the Producers mining hardware.

They will have to come out of the game very quickly, maybe for 3-4 months.

Only check this, and calculation for most powerfull mining hadware,  looks intimidating !
http://mining.thegenesisblock.com/a/5600a160ea

Diff in Dec-2014,
View Screen Capture

[Bobsurplus]

Only for last 24h we have drop BTC price 60 usd !
it seems that producers of mining hardware not more to invest money in Bitcoin, and price sliding down slowly.

View Screen Capture

By next month we should easily see the price below $300.  Do you agree?

Don't think so, I'd bet .01 btc that it won't hit $300 anytime this year

And for the second time in this thread, I`ll offer to bet Proudhon almost any amount of btc that it never goes back to $0 like he predicted earlier in this thread!

[proudhon]

Only for last 24h we have drop BTC price 60 usd !
it seems that producers of mining hardware not more to invest money in Bitcoin, and price sliding down slowly.

View Screen Capture

By next month we should easily see the price below $300.  Do you agree?

Don't think so, I'd bet .01 btc that it won't hit $300 anytime this year

And for the second time in this thread, I`ll offer to bet Proudhon almost any amount of btc that it never goes back to $0 like he predicted earlier in this thread!

I don't bet anymore.  I decided to be morally against making bets on internet forums.  So, it doesn't have anything to do with my history.  I just have taken a new moral position, and I like to stick to my morals.

[proudhon]

If I could bet with you, I would, but my morals are just against it now.

[N12]

proudhon, check your PM. Confirmed bad news.

[proudhon]

proudhon, check your PM. Confirmed bad news.

OMG!  I'm glad you didn't just post that here.  People need more time.