closer to zero

[brokenchair]

Depending on if you use mt scam or not to judge prices, the current price is closer to zero than it is to its peak price.  The price has only been moving closer to zero and further away from its peak price.     
What does this mean.  Nothing, everything, who the hell knows.  I'm just tired of reading bitcoin was 28 dollars this time last year so bitcoin is doing good.  It is not doing good.
No one cares about the past, people care about the future.

[crypto2k]

I dont know what price you're referring to, but the BTC price is still in the $600 range as if its more stability now than it was this morning. LTC price is climbing back up. I wouldnt worry about it.

[jongameson]

everybody get up!

woo

[kireinaha]

What should I do? Liquidate all holdings? Should I do it now?

[BittBurger]

I'm just tired of reading bitcoin was 28 dollars this time last year so bitcoin is doing good.  It is not doing good.
No one cares about the past, people care about the future.

Intelligent people take a global view into consideration when determining current environments.
The past is relevant.  Obviously.  You can't just disregard that in 1 year its popularity has increased its value 600%.
That isn't irrelevant information.  Markets don't subsist entirely upon whats happening "right now".

The value of a stock is based on its overall performance.
The value of any investment is based on its overall performance.
Long term.  Anyone in investments knows this. 
So yes ... The fact that BTC was $13 last year and $650 right now is very important.

The problem is the two mentalities of investors.   
Those (possibly yourself) who can't handle the emotional roller coaster and flip out over every fluctuation.
And those who keep their eye on the long term prize, and base their perception on the infrastructure progress instead.
As for me?   I bail from Bitcoin when I start seeing the infrastructure falling apart.
As it stands right now, BTC could go to $2.00 tomorrow and I would still be all in.
Because what is coming "infrastructurally" is huge.  And that can be proven. 

-B-

[brokenchair]

I'm just tired of reading bitcoin was 28 dollars this time last year so bitcoin is doing good.  It is not doing good.
No one cares about the past, people care about the future.

Intelligent people take a global view into consideration when determining current environments.
The past is relevant.  Obviously.  You can't just disregard that in 1 year its popularity has increased its value 600%.
That isn't irrelevant information.  Markets don't subsist entirely upon whats happening "right now".

The value of a stock is based on its overall performance.
The value of any investment is based on its overall performance.
Long term.  Anyone in investments knows this. 
So yes ... The fact that BTC was $13 last year and $650 right now is very important.

The problem is the two mentalities of investors.   
Those (possibly yourself) who can't handle the emotional roller coaster and flip out over every fluctuation.
And those who keep their eye on the long term prize, and base their perception on the infrastructure progress instead.
As for me?   I bail from Bitcoin when I start seeing the infrastructure falling apart.
As it stands right now, BTC could go to $2.00 tomorrow and I would still be all in.
Because what is coming "infrastructurally" is huge.  And that can be proven. 

-B-

By your logic, if your referring to  bitcoin as a stock, I doubt to many people would consider a stock losing half its value in a month as a good performing stock.  Furthermore if someone bought in at this 28 dollar mark, all in, no progression buying, no selling, right now they essentially lost half of their money as well.  The person may be up from 28 dollars, but they are way down from not selling when they could have.
If it was some stock or fund they would see that one day they had 10k profit, now they have 5k.

Does this chart look familiar to any you know?
Id say were at the share price goes chaotic point, so im waiting/hoping for improvement. 
https://www.google.com/search?q=enron+stock+graph&rlz=1C1RNVG_enUS572US572&espv=210&es_sm=122&tbm=isch&tbo=u&source=univ&sa=X&ei=4lr5UprNDYvK0AGY74GACQ&ved=0CCkQsAQ&biw=1920&bih=971#facrc=_&imgdii=_&imgrc=DiuEpGmPwn4gfM%253A%3Bo7wPJ4hlIIAFfM%3Bhttp%253A%252F%252Fwww.ecotao.com%252Fholism%252Fadd%252Fenron%252FEnron_whole.jpg%3Bhttp%253A%252F%252Fwww.ecotao.com%252Fholism%252Fadd%252Fenron%252Fenron_chaos.html%3B743%3B468
 

[btc925]

Is bitcoin's value dropping because of the halt of withdrawals at Mt. Gox? If so, does that mean the $600 range and most btc growth is dependent on the performance of the top exchanges? Where would btc be if we lost all the main exchanges?

[EchoingUprise]

Is bitcoin's value dropping because of the halt of withdrawals at Mt. Gox? If so, does that mean the $600 range and most btc growth is dependent on the performance of the top exchanges? Where would btc be if we lost all the main exchanges?

It is hard to say 100% the exact reasons of price increases or decreases. Generally it is a number of factors. However the recent price drop is more likely caused by not being able to get BTC out of Mt Gox, so everyone on Mt Gox was selling to at least be able to get Fiat out.

[eafdeafd]

Depending on if you use mt scam or not to judge prices, the current price is closer to zero than it is to its peak price.  The price has only been moving closer to zero and further away from its peak price.     
What does this mean.  Nothing, everything, who the hell knows.  I'm just tired of reading bitcoin was 28 dollars this time last year so bitcoin is doing good.  It is not doing good.
No one cares about the past, people care about the future.

I think it's slowly going up again. And honestly, it's not going to go to zero...

[elavenil]

Price is steady now at $600. But bitcoin should not relay upon one exchange. Each and every bitcoin crash is due to mtgox. people should avoid completely.

[vpitcher07]

Even if BTC drops to $200 I and a lot of other people are still doing ok. Bitcoin is hardly doing bad. I hate these baseless complaints because people bought high and sold low....

[MicroGuy]

Depending on if you use mt scam or not to judge prices, the current price is closer to zero than it is to its peak price.  The price has only been moving closer to zero and further away from its peak price.     
What does this mean.  Nothing, everything, who the hell knows.  I'm just tired of reading bitcoin was 28 dollars this time last year so bitcoin is doing good.  It is not doing good.
No one cares about the past, people care about the future.

I'm ten seconds closer to death after reading this..... 

[TPN]

How is 650$~ " zero "?

[kireinaha]

i'm now one minute closer to cashing in my coins in two years for a princely sum of money, whereas brokenchair will be trying to burn this thread from his memory.

[pungopete468]

Lol to this thread...

You can't treat Bitcoin like a stock. Bitcoin won't be zero because it's a vessel for trade. It more closely resembles the entire stock exchange (currently at a much lesser scale) rather than a single stock...

For every coin sold at a loss is the profit of somebody else...

Get a grip people.

BTW; the price is over 700 on most exchanges. Gox has been insolvent for a long time... Bitcoin is the king of arbitrage; you think Gox prices would be so much higher if there weren't major withdrawal problems?

[MatTheCat]

Depending on if you use mt scam or not to judge prices, the current price is closer to zero than it is to its peak price.  The price has only been moving closer to zero and further away from its peak price.    
What does this mean.  Nothing, everything, who the hell knows.  I'm just tired of reading bitcoin was 28 dollars this time last year so bitcoin is doing good.  It is not doing good.
No one cares about the past, people care about the future.

Good post and welcome to the forum. A forum full of arseholes who will fuck with your mind and make you lose money if you let their hair-brained shit affect your thinking.

Right now, it would have to be said that rpietila is the Bitcoin forecasting king around here. When Bitcoin was still way over $1000, he started calling the correction/crash, to levels way more more bearish than even i would have imagined and actually before i even considered that the Bitcoin bull run was over. We have seen those levels and he reckons we will see more of them. He is a long term bull btw. a mega-bull of the most insane 100k Bitcoin proportions. I can safely say that i lack repeitila's long term confidence and harbour the suspicion that Bitcoin may have to survive a near death experience before it can do any more uninterrupted growing.

[podyx]

These bears are great entertainment I must say