so btc value is finished?

[Drai]

All I see is down and down, we couldn't even break into 6s during the last rally.
If bitcoin isn't valuable then why use it instead of a new coin that doesn't have a few powerful people that all ready control all of it?
Thinking of cashing out all my BTC and going to vegas for an expensive weekend

Strange, you are going to Vegas to blow all your money.

Me, I am going back to work so I can get more cheap bitcoins and save for my future.

+1

[1715166077]

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[asiabtc]

China Central bank new policy. forbidden commercial bank open channel for market: BTCC, Huobi,okcoin ,etc. it means we cannot have market to buy and sell btc. only by personal .
the dead line is Apl 15.
be careful.

[Drai]

I'm glad your going back to work, I never left.  Just watching money I spent on bitcoin and miners, getting flushed down the toilet, when I could have applied that money to something fun.
You can keep buying "cheap coins," because unless you are buying tens of thousands worth for a quick flip on price spikes, your not getting any money any time soon, and since bit coin only reached the value it did thanks to mt gox, good luck seeing those numbers again.

I'm pro bitcoin, and I believe in its adoption. I'm just realistic and realize that it's unit value is going down the shitter.  
IRS capital loss.  

So why do you refer to others like money, but not at bitcoin? Why did you think bitcoin had high value? only because of mtgox? Value of money is reliability that you will spend them. There was a moment that MtGox was reliable? Quick flip! So we had to look elsewhere. Evertheless at samething like: ★★★RITZGRANDCASINO.COM 220 CREDIT BONUS. POKER, SLOTS, ETC ★★★ I hope

Price is not the same as value.

[Drai]

btc is btc ,will be strong in the  future ,don't worry

Why? Is weak now? For what?

[Drai]

Please sell all of your bitcoins to someone that is not as concerned about the price. You will sleep better at night with one less thing to worry about.

+1

[Drai]

Bitcoin will be around 200 soon, there are better coins now. Bitcoin has no advantage other than being the first

Bitcoin may not be the best, and it's only advantage may be that it was first, but in reality that is a HUGE, HUUUUGGEEE advantage. Probably the biggest advantage you can have. To be more clear, it's actually not the fact that it came first that gives it an advantage, but rather the fact that it currently is the most popular by far (because it gained popularity before others did). This is why Facebook is so much more popular than Google+. It is why YouTube is more popular than Vimeo. The thing that becomes more popular first tends to stay the most popular by far. These trends can even be (and often are) mathematically modeled using graphs of social networks.

Consider a graph with nodes and edges, where each node represents a cryptocurrency user and each edge represents a transaction between two users. Connected nodes want to be using the same cryptocurrency, otherwise they can't trade with each other. Each node has a rule that it will adopt the cryptocurrency that is used by more than a certain percent (let's say 50%) of its connected nodes. You can see how if the majority of the nodes use bitcoin, the phenomenon will spread and almost everybody will use it. In order to change that and have everybody use, say Litecoin, you need to have enough people adopt Litecoin such that the majority of every node's neighboring nodes adopted litecoin. It is difficult to explain this without drawing it, but hopefully you get my main point: inertia is powerful, and bitcoin still has a TON of it.

In my opinion, if Bitcoin isn't the best, which it isn't, then we need to move On.

Let's go, I'm already there. But what's the  reason exactly?
We know people know much bitcoins, why we should expect they will accept other coins?

Acceptance is everything guys!

[Drai]

Bitcoin has consitently traded above the 400 level. There is a ton of buy support at 400. I doubt it'll break below that point.

Buy, sell ...speculation without someone that use them in real economy.
Price was up because of chinese using them for their utility. If we only have speculation, we have the results that we are seeing.

But why should we use bitcoins/cryptoc. in our life if we already have our money!?
This is the question we have to answer!

[Mikcik]

All I see is down and down, we couldn't even break into 6s during the last rally.
If bitcoin isn't valuable then why use it instead of a new coin that doesn't have a few powerful people that all ready control all of it?
Thinking of cashing out all my BTC and going to vegas for an expensive weekend

Strange, you are going to Vegas to blow all your money.

Me, I am going back to work so I can get more cheap bitcoins and save for my future.

you are an idio...

save for your future, how nice, how naive, let me gues, you are also a "hard working" stacker (silver and gold, silver for you only, cause you are poor probably) and an american :-).

This forum is getting dumber and dumber :-/.

[thresher]

I think some of your guys heads are so inflated from having made a lot of money from bitcoin, that it has clouded your judgement.
The point I was making is the value of bitcoin is finished as being absurdly high.  
All of you show this point by claiming how the market is being manipulated, and that you guys actually want it to continue to crash, to further manipulate the market.  

If I making money, am I going to risk accepting bitcoin and get fucked due to the continually downtrend of price...nope   (yes immediate sell on exchanges or whatever, but again, when it takes time to process everything, transactions getting stuck, and the price is continually going down, your losing money)
If I want to purchase something, am I going to buy bitcoin and then have to buy more two seconds later because the price is continually dropping...nope
People who purchase bitcoin and miners for investment (little guys) are not going to do so anymore either, as it is not showing the potential for gains is highly outweighed by extreme volatility.

It is apparent that the vast majority of those with lots of bitcoins care only about market manipulation, moving money around China, and really could give a rats ass about if bitcoin is accepted by merchants.
If i'm wrong why wouldn't these exchanges, major mining facilities, large bag holders, whatever, market to get bitcoin accepted?    
The reason why is because getting bitcoin accepted doesn't offer the profits that market manipulation does.
Once this is figured out by everyone else, the game is up.  

I'm not saying I'm any better, and I wouldn't do the same thing if I could.  
The ones with the money obviously worked out that it is better to go for the short term quick gains, then the long term ones of acceptance.  

[azguard]

No need for selling BTC buy it for cash now (dollar euro), or invest in some alt coin there are several that may be investing in.

[Drai]

...
The point I was making is the value of bitcoin is finished as being absurdly high.  
...

If I making money, am I going to risk accepting bitcoin and get fucked due to the continually downtrend of price...nope   (yes immediate sell on exchanges or whatever, but again, when it takes time to process everything, transactions getting stuck, and the price is continually going down, your losing money)
If I want to purchase something, am I going to buy bitcoin and then have to buy more two seconds later because the price is continually dropping...nope
People who purchase bitcoin and miners for investment (little guys) are not going to do so anymore either, as it is not showing the potential for gains is highly outweighed by extreme volatility.

It is apparent that the vast majority of those with lots of bitcoins care only about market manipulation, moving money around China, and really could give a rats ass about if bitcoin is accepted by merchants.
If i'm wrong why wouldn't these exchanges, major mining facilities, large bag holders, whatever, market to get bitcoin accepted?    
The reason why is because getting bitcoin accepted doesn't offer the profits that market manipulation does.
Once this is figured out by everyone else, the game is up.  

I'm not saying I'm any better, and I wouldn't do the same thing if I could.  
The ones with the money obviously worked out that it is better to go for the short term quick gains, then the long term ones of acceptance.  

Yes, but bitcoin value is true at least, the point I make is the value of bitcoin is starting as tremendously real now, or maybe when will be a little lower
If we want to see the change we have to be able to fix prices of services and goods in BTC! Not Euro, not Dollars, not Pounds, etc...
When this BTC-based real  economy would be bigger than what is moved by "market manipulation"/speculation/avarice, then not a so big effort will anymore be necessary to see the definitive cryptoc. establishment.

[semaforo]

   I don't think anyone can deny that bitcoin does not have any intrinsic superiority over the alts- the real uestion is which of the alts has enough of an advantage over bitcoin to cause people to invest their time and energy in building it's infrastructure instead of bitcoins?

Also, what makes you think that bitcoin is expensive?


  Considering the fact that the global financial system, of which fiat currency like the dollar is just one component, is the most insane and criminal ponzi scheme of all time, the dollar looks severely overvalued, and bitcoin extremely undervalued. Google stock probably seems expensive too, but the fact is that it represents a lot more value than some random search engine start up because it already has a lot of users. Gold seems expensive too "I can get a kilo of this orange shiny metal for ten dollars, but a kilo of this yellow shiny metal costs 40 k! What a rip of, both can be used to make jewelry and I think orange is prettier than yellow!"

  The fact is that value is a function of supply versus demand. People want bitcoin because it has much greater market reach. The demand for altcoins is almost exclusively people speculating hoping that they can get a coin for a dollar that will increase in value 10,000%- in other words, the only real reason to get into alts is because of the impression that they have missed the boat with bitcoin- which they haven't. It's just greed.


  Of course more experienced members are annoyed by the influx of new members- they have seen this many times before. That's why most of them just ignore posts like this at this point.
  I seriously hope that the OP will sell to someone who understands and believes in bitcoin and is not drooling at the prospect of getting rich and whimpering and throwing tantrums at the prospect of losing money. This is much better for bitcoin and will lead to much more price stability.

  Same goes for speculation- if people would just
1- understand bitcoin and its implications for the global economy
2- buy bitcoin and use it
3- hold and tell people about it until more people understand it

  they would make WAAAAAYYYY more money than with this ridiculous speculating, trying to buy and sell for a little profit here and there, which basically amounts to gambling and ends up enriching cleverer people at the expense of people like the OP. This is not a win-win, so why do this when there is a way to do it that leaves everyone better off??

[Drai]

Yes semaforo, you expressed many things that I was thinking too.

Please do not mix value of money that depends on acceptance of peoples, and costs of distributions of created money.

Creation of money must be for free and its distribution based on responsability.
With regards to the first point I agree with needs of sha256 and want to help, anyway needs of Scrypt are lesser and more sustainable, but if I think of fiat currancy, where the cost for people is double of the nominal value, one time because they, the money creator, should give to people and one time because the money creator, FED, BCE-banks appropriate of them and create debt to start THE ponzi scheme , then don't mind costs of mine by sha256.

But we have to care about the responsablility, responsability of the distribution. We are assuming that computer interest is sign of intelligence at least, of attencion for modern era, means to be smart and we feel like the choosen ones. But if we look at reality, speculation, scams, frauds, hacking, cracking, mtgox wallet desappeared... we realize that still lack responsability. This way no change is possible. Caos is well coming. Bitcoin and cryptoc. are easily frustrated. FAr away from real potencial of what cryptocs are.

[Bit_Happy]

All I see is down and down, we couldn't even break into 6s during the last rally.
If bitcoin isn't valuable then why use it instead of a new coin that doesn't have a few powerful people that all ready control all of it?
Thinking of cashing out all my BTC and going to vegas for an expensive weekend

Strange, you are going to Vegas to blow all your money.

Me, I am going back to work so I can get more cheap bitcoins and save for my future.

you are an idio...

save for your future, how nice, how naive, let me gues, you are also a "hard working" stacker (silver and gold, silver for you only, cause you are poor probably) and an american :-).

This forum is getting dumber and dumber :-/.

This forum is/was for decent people to have good discussions.
You will fit in just fine.   

[Cryptomas]

China Central bank new policy. forbidden commercial bank open channel for market: BTCC, Huobi,okcoin ,etc. it means we cannot have market to buy and sell btc. only by personal .
the dead line is Apl 15.
be careful.

Wait. Are you saying it's not just a lame rumor? How should we be careful? Sell all?

[Drai]

yes, between private people only. It's incredible, China is always advanced! We have to move up.

[Lannister]

it's climbing up again, now at $480
hold your BTC and wait for another week

[azguard]

Value should be stabilized for few week then it will climb up slowly.

Price will be around 580 when it stabilize that is my prediction.

[Drai]

Prediction of the experts is that value of BTC must rise. I've no idea of what you mean by stabilized. I hope this want happen if would mean that there is no progress, no grown of bitcoin world. Anyway, I've no idea of what experts mean by value

[azguard]

ok so bitcoin is less than $500 but remember where it started, it was less than a penny.  Just because its going through trials and tribulations doesn't means its dead.

I agree this is something that happens last year btc dropped from 1k to 500 then jumped slowly to ~780$.

No need to panic this is something that happens all the time