Down, down, down, down, down

[apsvinet]

Speculation is quite pointless at this point. It's far from 40 dollars, but far from 1000 as well.
Whatever, for all we know it'll crash or rise again.

It is not that far from $1000 as it is from $40. And I don't mean just figures...

Good point)) in addition I can say that after all Bitcoin will never fall down to 60$ except the governments will help bitcoin to fall down

Of course. I'm quite sure it'll rise rather than fall, although it seems to be quite unstable at the moment, and the price has varied with a 90-100 dollar difference the last couple days. Hopefully we'll see a steady rise towards the 900 again pretty soon.

[Armis]

Speculation is quite pointless at this point. It's far from 40 dollars, but far from 1000 as well.
Whatever, for all we know it'll crash or rise again.

the thing is we have intelligence to substantiate why it will fall to $40 but very little to support a rise to $1000

I elaborate earlier on in the thread

[apsvinet]

Speculation is quite pointless at this point. It's far from 40 dollars, but far from 1000 as well.
Whatever, for all we know it'll crash or rise again.

the thing is we have intelligence to substantiate why it will fall to $40 but very little to support a rise to $1000

I elaborate earlier on in the thread

Yet you don't know before it happens, now do you?

[E.exchanger]

 btc will most likely be about 1000$ in the mid or end of April so hope for the best and fingers crossed !!

[KrakenB]

I'm quite bearish on Bitcoin's short-term price.

Admit it, the current media coverage is quite negative. And there is no outsight of this changing. Quite the contrary, it's only a matter of time until another exchange gets hacked and BTC makes another dive.

Furthermore, we're on the brink of more regulations. And what do you think will happen when, as rumored, part of Mt. Gox coins are released and everyone jumps to the exit?

If there was a valid way to short BTC, buy put options or even buy a CDS on a BTC index, I'd be all over it right now.

[Armis]

Speculation is quite pointless at this point. It's far from 40 dollars, but far from 1000 as well.
Whatever, for all we know it'll crash or rise again.

the thing is we have intelligence to substantiate why it will fall to $40 but very little to support a rise to $1000

I elaborate earlier on in the thread

Yet you don't know before it happens, now do you?

Sure, there was a guy that started a thread last week that btc will be $1000 by Friday.  I told him that there was no evidence to support it, and to please indicated how he came to that conclusion.   He chose to stay silent on that part until the day before the deadline then admitted to receiving inside info that someone was supposed to purchase 50K btc. 

Ignorance (not knowing) is the opposite of intelligence (knowing), so that critical piece of data would have changed the end result.  Based on the 'knowns', 'the evidence', and 'the facts' btc is going down and will continue to do so even after media hype spikes, and any other temporary market manipulation spikes, until such time that the btc infrastructure is made safe and secure for mass implementation. 

That Mt Gox thing revealed a major flaw and I'm not talking about the malleability (see my earlier statement for evidence and solution).

[morphtrust]

anyone watched this interview? know anything about blockchain.info's methods of doing business? sounds like they solved the "taking your bitcoins and running" problem.  What are their downfalls as opposed to transferring your coins to a site and them being held in a wallet that you only see, but do not control?

http://www.youtube.com/watch?v=wzwWIDIVSTo

[morphtrust]

btc will most likely be about 1000$ in the mid or end of April so hope for the best and fingers crossed !!

any reason why. I have a theory as to why all coins will spike mid april or possibly a little before or after. just like to hear your reason first. Then I can drop my wisdom and if correct maybe I can start another one of those {pay for advice} things lol.

[Armis]

btc will most likely be about 1000$ in the mid or end of April so hope for the best and fingers crossed !!

any reason why. I have a theory as to why all coins will spike mid april or possibly a little before or after. just like to hear your reason first. Then I can drop my wisdom and if correct maybe I can start another one of those {pay for advice} things lol.

you see that 'finger's crossed' thing, that's his reason it's called hope, wish, and/or prayer, it's obvious

what's your reasoning, hopefully it has some foundation in logic

[av123]

btc will most likely be about 1000$ in the mid or end of April so hope for the best and fingers crossed !!

any reason why. I have a theory as to why all coins will spike mid april or possibly a little before or after. just like to hear your reason first. Then I can drop my wisdom and if correct maybe I can start another one of those {pay for advice} things lol.

Tax refund money coming into play?

[Beef Supreme]

Nope.  Gonna drop.  You can see it with the crapcoins.  Faith in crypto has been shaken by sticky fingers and greed.

You can feel it in the air, can't you?  The newness, the energy of hope, draining.  With each hack job, a huge spigot releasing the life out of BTC the idea.

It will end up having the most value to people of low moral character, and also to those with nothing to lose.

[Rygon]

I'm quite bearish on Bitcoin's short-term price.

Admit it, the current media coverage is quite negative. And there is no outsight of this changing. Quite the contrary, it's only a matter of time until another exchange gets hacked and BTC makes another dive.

Furthermore, we're on the brink of more regulations. And what do you think will happen when, as rumored, part of Mt. Gox coins are released and everyone jumps to the exit?

If there was a valid way to short BTC, buy put options or even buy a CDS on a BTC index, I'd be all over it right now.

Is Bitfinex too risky for your tastes? Although I'm not going to vouch for the exchange, they seem to be one of the better ones out there when it comes to customer service and being around for a long time without major screw ups.

[bitcasino]

btc will most likely be about 1000$ in the mid or end of April so hope for the best and fingers crossed !!

Why not, volatility can help.

[NotoriousBIT]

Noobsters like myself want Bitcoin to drop as low as possible.  I guess if it drops to double digits, then it is likely crashing for good?  It couldn't drop THAT low and bounce back up could it?  But 400 range?  God, I hope so.  By 2015, a lot more infrastructure is going to be in place and it'll take off.  In the meantime, I want it to keep dropping!

[apsvinet]

btc will most likely be about 1000$ in the mid or end of April so hope for the best and fingers crossed !!

any reason why. I have a theory as to why all coins will spike mid april or possibly a little before or after. just like to hear your reason first. Then I can drop my wisdom and if correct maybe I can start another one of those {pay for advice} things lol.

you see that 'finger's crossed' thing, that's his reason it's called hope, wish, and/or prayer, it's obvious

what's your reasoning, hopefully it has some foundation in logic

Sorry mate you just seem to be another contrarian who has nothing better to do than to tell people they're wrong on an internet forum, otherwise it's hard for you to feel like the smartest person in the room. I've so far not seen any convincing evidence from your part.
Speculation is speculation, whether you're hoping for btc prices to drop, or rise, it's not in the hands of you to decide. Time will tell, not
some random guy on a forum.

Peace.

[kroleg]

I support NotoriousBIT, I wish it will drop a lit and I could be able to buy a lot of bitcoins and since that time I wish it would grow up again 

[Armis]

btc will most likely be about 1000$ in the mid or end of April so hope for the best and fingers crossed !!

any reason why. I have a theory as to why all coins will spike mid april or possibly a little before or after. just like to hear your reason first. Then I can drop my wisdom and if correct maybe I can start another one of those {pay for advice} things lol.

you see that 'finger's crossed' thing, that's his reason it's called hope, wish, and/or prayer, it's obvious

what's your reasoning, hopefully it has some foundation in logic

Sorry mate you just seem to be another contrarian who has nothing better to do than to tell people they're wrong on an internet forum, otherwise it's hard for you to feel like the smartest person in the room. I've so far not seen any convincing evidence from your part.
Speculation is speculation, whether you're hoping for btc prices to drop, or rise, it's not in the hands of you to decide. Time will tell, not
some random guy on a forum.

Peace.

hahhahaaa, you do know we are in a thread titled "Down, down, down, down, down ..."?    I support the OP with evidence and logical speculation for the future, and you call ME the contrarian? hahahahahahahaa

Yes, speculation is speculation however guessing is not speculation, nor is hope speculation;
An educated guess is not simply a guess, and critical thinking is not ordinary thinking, the vital difference with both is some logical consideration of relevant information.

[aminorex]

If you want to improve things I'm suggesting the following:

1) help find the money
2) encourage the various exchanges to adopt higher standards of security, responsibility, transparency, and accountability.  They should be community certified, be bonded, have insurance, provide performance guarantees, provide better customer service, provide signed proof of solvency via the blockchain, provide regular audited statements, and the like
3) help develop a program that can search the blockchain for critical info
4) ask others to help the cryptocurrency industry in any of these 4 ways

That's a good constructive encouragement.  Thanks.

as it stands right now, the situation that occurred at Mt Gox could happen at any other exchange, which places the whole cryptocurrency in a downward pointing spiral.  Essentially, btc holders are slowly cashing in their coins in hopes that something material changes.  But as time passes the realization of the btc protocol flaw (inability to find the money, resulting in unreasonably high risk) becomes painfully clear.

The blockchain is a perfect witness, it sees everything but if humans are unable to use it then it's useless large scale roll-out.

Mt.Gox is not the blockchain.  It is good for Bitcoin if people remove their coins from exchanges.  It is only bad for speculators.  The counter-party risk inherent in current exchanges does not in any way detract from the value of Bitcoin or the Bitcoin blockchain, which is quite secure.

[darkmule]

hahhahaaa, you do know we are in a thread titled "Down, down, down, down, down ..."?

Yes, a troll thread started by an idiot who didn't even know the difficulty goes down when fewer people are mining.

[Armis]

Mt.Gox is not the blockchain.  It is good for Bitcoin if people remove their coins from exchanges.  It is only bad for speculators.  The counter-party risk inherent in current exchanges does not in any way detract from the value of Bitcoin or the Bitcoin blockchain, which is quite secure.

Let's say everyone removes their coins from exchanges, in fact let's remove exchanges from the example altogether, what is the up and down side?

1) all new crypto becomes forever unheard of.
2) all cryptocurrencies including btc no longer have 'common' market values, presently there is the bitstamp value, the coinbase value, the btc-e value, and you have various values on localbitcoin.  without the exchanges then there are literally thousands of values (none right and none wrong)
3) so now with all of the different values who will get into the business of dealing with btc?  if it has no stability or reliability or standard  how do you set your prices
4) why would you buy any more than you actually need for immediate use?
5) if you only buy what you immediately need, and the quantity of new btc is always increasing, it will result in oversupply of btc


The only reason btc scaled to where it is now is because of the exchanges, if they are removed or can't be trusted to operate properly, the whole btc community suffers.
 

The answer isn't "NO EXCHANGES", instead it's "MORE GOOD EXCHANGES".