Is everybody turned bear yet?

[wobber]

Has been a while since I last saw a bullish prediction for the next months. Guess everybody is a bear now, ha?

Where are the people screaming that 450 is cheap and "to da moon"? Where are those 10,000 predictions and charts?

Fact is, I saw this masterpiece investigative series in my country (superbly filmed and documented) presenting Bitcoin. Major audience, Sunday 8pm.

Made me wonder. I think many, many people know about bitcoin. They just don't use it. And never will as 99.9% of the world is not interested in tech, money, economics, revolution, anti-bank, libertarian movement (and bitcoins sums all up). So we might be finished already with the bitcoin adoption.

[silverston]

Has been a while since I last saw a bullish prediction for the next months. Guess everybody is a bear now, ha?

Where are the people screaming that 450 is cheap and "to da moon"? Where are those 10,000 predictions and charts?

Fact is, I saw this masterpiece investigative series in my country (superbly filmed and documented) presenting Bitcoin. Major audience, Sunday 8pm.

Made me wonder. I think many, many people know about bitcoin. They just don't use it. And never will as 99.9% of the world is not interested in tech, money, economics, revolution, anti-bank, libertarian movement (and bitcoins sums all up). So we might be finished already with the bitcoin adoption.

HODL 

[knightcoin]

Yep, sell all yours BTC and live the bitcoin community alone ...

[CoinRocka]

I am. I completely do not see the use of Bitcoin anymore. To be honest: I got into Bitcoin just for speculation, nothing more. Bitcoin does not live among the population of the world and governments will not allow it. The right to issue currency has been a royal prerogative or has belonged to the government for many centuries, and they're not going to give that up easily. The only reason why western governments aren't really acting is because the Bitcoin userbase is still pretty slim. If it ever is to grow again, then western governments will just hammer Bitcoin down for good.

Then there's the issue of value. Bitcoin is NOT a safe haven for your money. The exchange rate in the next two months can be double or even triple that (up or down) of today. Why on earth would someone in his right mind step into Bitcoin then? Of course they won't, nor will the institutional investors that apparantly are 'stepping in right now'. Yea right, they've been stepping in for months already, yet I don't notice anything next to a long grind downwards.

I've switched all my Bitcoins to fiat, since the value in fiat is SOLID, at least in the short and mid term. I might buy some XRP though, since I believe that Ripple can give many of the advantages of Bitcoin, without getting in the way of governments too much.

this is bullish...

[porcupine87]

Made me wonder. I think many, many people know about bitcoin. They just don't use it. And never will as 99.9% of the world is not interested in tech, money, economics, revolution, anti-bank, libertarian movement (and bitcoins sums all up). So we might be finished already with the bitcoin adoption.

I have friends who bought Bitcoin. They have no idea if Bitcoin is anti-bank or libertarian. But they know you can send bitcoins fast, cheap and more or less anonymous. And this determes whether people use Bitcoin or not. You don't have to be libertarian...

I am convinced that Bitcoin will gain in value over time. The question is how low it will go the next months to find a bottom. So many, really many people just wait. They wait to buy. Millions of dollar are waiting to get invested. But even if you are convinced it will rise in the future it could make sense to sell/wait in the short run...

[Mervyn_Pumpkinhead]

Made me wonder. I think many, many people know about bitcoin. They just don't use it. And never will as 99.9% of the world is not interested in tech, money, economics, revolution, anti-bank, libertarian movement (and bitcoins sums all up). So we might be finished already with the bitcoin adoption.

Exactly! That's what I have been trying to explain the line drawing TA "experts" here. The western markets are saturated. People decide their stance on bitcoin quite quickly and they tend to hold this stance with radical belief. They either hate it or love it. Most of the western world knows about bitcoin and those who wanted in, are already in. And those that didn't want in, will never enter.
Only chance for BTC to pick up again is to spread at the markets in south- and central-America, that could create a bigger boom then China did. Bitcoin expansion just loves corruption, lawlessness and dumb money, so we need those countries with drug cartel problems, that would have most potential for BTC growth.

And don't blame the average Joe for not being interested in BTC. People aren't interested in BTC because they're stupid, but mainly because they're not into gambling. Because that's what BTC is, more of an gamble then an investment. There are too many unknown variables to call it an proper investment.
When average Joe doesn't want to gamble his mortgage or his kids college fund, then he is not stupid for staying clear. He is just playing it safe with earning money by doing good ol' fashioned work.

[maakas]

I am. I completely do not see the use of Bitcoin anymore. To be honest: I got into Bitcoin just for speculation, nothing more. Bitcoin does not live among the population of the world and governments will not allow it. The right to issue currency has been a royal prerogative or has belonged to the government for many centuries, and they're not going to give that up easily. The only reason why western governments aren't really acting is because the Bitcoin userbase is still pretty slim. If it ever is to grow again, then western governments will just hammer Bitcoin down for good.

Then there's the issue of value. Bitcoin is NOT a safe haven for your money. The exchange rate in the next two months can be double or even triple that (up or down) of today. Why on earth would someone in his right mind step into Bitcoin then? Of course they won't, nor will the institutional investors that apparantly are 'stepping in right now'. Yea right, they've been stepping in for months already, yet I don't notice anything next to a long grind downwards.

I've switched all my Bitcoins to fiat, since the value in fiat is SOLID, at least in the short and mid term. I might buy some XRP though, since I believe that Ripple can give many of the advantages of Bitcoin, without getting in the way of governments too much. Also, it isn't infected with the Altcoin-Stigma, at least not more than partially.

this is bullish...

I beg your pardon?

You are talking bullsh*t and don't seem to understand bitcoin. Just another one trying to get rich from nowhere

[thresher]

All the people that have been screaming to the moon are embarrassed for being constantly wrong.  I want them to come back as we need people spreading bs rumors about bitcoin going to the moon.

Has been a while since I last saw a bullish prediction for the next months. Guess everybody is a bear now, ha?

Where are the people screaming that 450 is cheap and "to da moon"? Where are those 10,000 predictions and charts?

Fact is, I saw this masterpiece investigative series in my country (superbly filmed and documented) presenting Bitcoin. Major audience, Sunday 8pm.

Made me wonder. I think many, many people know about bitcoin. They just don't use it. And never will as 99.9% of the world is not interested in tech, money, economics, revolution, anti-bank, libertarian movement (and bitcoins sums all up). So we might be finished already with the bitcoin adoption.

99.9 percent pf people are not interested in tech and money?  I'm sorry but that is the stupidest thing I have ever heard in my life.  Maybe if you said 99.9 percent of people aren't interested in crypto currency or something, but saying 99.9 percent of people aren't interested in money and tech?  Wtf, did the world move into the woods to become one with nature overnight?

[seanneko]

The fact that BTC is trading above $0.00 is proof that not everybody is bearish. I'm bullish and am expecting a trend reversal within the next few months.

My BTC are safely locked away in paper wallets and I laugh at the fools who panic sell every time China bans Bitcoin.

[atp1916]

I am. I completely do not see the use of Bitcoin anymore. To be honest: I got into Bitcoin just for speculation, nothing more. Bitcoin does not live among the population of the world and governments will not allow it. The right to issue currency has been a royal prerogative or has belonged to the government for many centuries, and they're not going to give that up easily. The only reason why western governments aren't really acting is because the Bitcoin userbase is still pretty slim. If it ever is to grow again, then western governments will just hammer Bitcoin down for good.

Then there's the issue of value. Bitcoin is NOT a safe haven for your money. The exchange rate in the next two months can be double or even triple that (up or down) of today. Why on earth would someone in his right mind step into Bitcoin then? Of course they won't, nor will the institutional investors that apparantly are 'stepping in right now'. Yea right, they've been stepping in for months already, yet I don't notice anything next to a long grind downwards.

I've switched all my Bitcoins to fiat, since the value in fiat is SOLID, at least in the short and mid term. I might buy some XRP though, since I believe that Ripple can give many of the advantages of Bitcoin, without getting in the way of governments too much. Also, it isn't infected with the Altcoin-Stigma, at least not more than partially.

this is bullish...

I beg your pardon?

HERP DERP (that's a good summary)

If you call my arguments bullshit, then you better take a look again. Bitcoin is not a safe haven for your money. Disprove that. Governments will likely keep exercising control over currencies. Prove that is unlikely, despite all we've seen over the past few months. Bitcoin is risky overall, if you look at what happened at several exchanges. Disprove that.  Institutional investors aren't stepping in. Tell me why it's likely that they are. Etc.

https://twitter.com/barrysilbert/status/447836584554266624  ...and that was March 23rd.


The light of dawn will always find Bitcoin (or its spiritual successor) riding toward the eternal sunset of glory.

  all you bears, it's a shame you have no courage or faith to believe in a just cause.

[atp1916]

https://twitter.com/barrysilbert/status/447836584554266624  ...and that was March 23rd.


The light of dawn will always find Bitcoin (or its spiritual successor) riding toward the eternal sunset of glory.

  all you bears, it's a shame you have no courage or faith to believe in a just cause.

Representing does not mean investing. But well, we'll see where it ends. Don't say that I didn't warn you.

Those were requests from the investors.  Not solicitations to them.

Either way, we most certainly will see!

[Mythul]

I think it is too late to sell now. Bitcoin hit rock bottom. No point in selling this low !

[322i0n]

I am. I completely do not see the use of Bitcoin anymore. To be honest: I got into Bitcoin just for speculation, nothing more. Bitcoin does not live among the population of the world and governments will not allow it. The right to issue currency has been a royal prerogative or has belonged to the government for many centuries, and they're not going to give that up easily. The only reason why western governments aren't really acting is because the Bitcoin userbase is still pretty slim. If it ever is to grow again, then western governments will just hammer Bitcoin down for good.

Then there's the issue of value. Bitcoin is NOT a safe haven for your money. The exchange rate in the next two months can be double or even triple that (up or down) of today. Why on earth would someone in his right mind step into Bitcoin then? Of course they won't, nor will the institutional investors that apparantly are 'stepping in right now'. Yea right, they've been stepping in for months already, yet I don't notice anything next to a long grind downwards.

I've switched all my Bitcoins to fiat, since the value in fiat is SOLID, at least in the short and mid term. I might buy some XRP though, since I believe that Ripple can give many of the advantages of Bitcoin, without getting in the way of governments too much.

this is bullish...

Agreed, while I as reading this post I was seeing some pretty good reasons to hold onto cyptos.

[seanneko]

I think it is too late to sell now. Bitcoin hit rock bottom. No point in selling this low !

Yep, $400.11 was the bottom (unless we get more bad news). There's so much resistance at current prices that it's ridiculous.

[322i0n]

[Snip]
Only chance for BTC to pick up again [/snip]

it is up it has always been up. I bought in at $4-20 sold out $200-600. Until it gets back to $20 i am considering it to be up.

[YogoH]

Oh wow, a few people in here don't really understand bitcoin the technology. Bitcoin or some crypto (95% sure its bitcoin) will replace the financial rails of all the major institutions.  I'm talking from banking, to stocks, to payment and remittance. Bitcoin is the superior technology and will out compete and out perform every other competitor. Why would you use moneygram or western union when there is bitcoin company in the same grocery store doing it for 1-2%?

Bitcoin adoption will happen in influxes, the tech savvy will read into it first, and get the lighbulb. They will create the beginning ecosystem. Then the entrepreneurs and venture (where we are now) will find out about it and build the businesses and companies on top of that. Then the regular mass of people will come in waves as the new businesses and companies are created that meet customer demands. Many or most even will not even know they are using bitcoin directly. It will be behind the curtain so to speak.  

There will be speculation and crazy wild swings, why would it not? Imagine if the internet had a value, it surely would not have been a smooth ride. Senate meetings about child porn and gambling would cause the early internet price to plummet. News articles calling it "no better than a fax machine" would erode the confidence of many about the future of the computer internet. Not many people imagined it would go so far, but the ones who were educated did.

[seanneko]

Oh wow, a few people in here don't really understand bitcoin the technology. Bitcoin or some crypto (95% sure its bitcoin) will replace the financial rails of all the major institutions.  I'm talking from banking, to stocks, to payment and remittance. Bitcoin is the superior technology and will out compete and out perform every other competitor. Why would you use moneygram or western union when there is bitcoin company in the same grocery store doing it for 1-2%?

Bitcoin adoption will happen in influxes, the tech savvy will read into it first, and get the lighbulb. They will create the beginning ecosystem. Then the entrepreneurs and venture (where we are now) will find out about it and build the businesses and companies on top of that. Then the regular mass of people will come in waves as the new businesses and companies are created that meet customer demands. Many or most even will not even know they are using bitcoin directly. It will be behind the curtain so to speak.  

There will be speculation and crazy wild swings, why would it not? Imagine if the internet had a value, it surely would not have been a smooth ride. Senate meetings about child porn and gambling would cause the early internet price to plummet. News articles calling it "no better than a fax machine" would erode the confidence of many about the future of the computer internet. Not many people imagined it would go so far, but the ones who were educated did.

Because China banned it! And the IRS makes me pay tax on my capital gains just like I would with profits from any other investment~!!!111one

</stupid speculators>

[Dafar]

When you say bear do you mean long term or short term?


I have always thought this year would suck and i'm gonna continue to wait for good news... so I'm bearish for 2014

but i'm hella bullish for the long term

[wobber]

All the people that have been screaming to the moon are embarrassed for being constantly wrong.  I want them to come back as we need people spreading bs rumors about bitcoin going to the moon.

Has been a while since I last saw a bullish prediction for the next months. Guess everybody is a bear now, ha?

Where are the people screaming that 450 is cheap and "to da moon"? Where are those 10,000 predictions and charts?

Fact is, I saw this masterpiece investigative series in my country (superbly filmed and documented) presenting Bitcoin. Major audience, Sunday 8pm.

Made me wonder. I think many, many people know about bitcoin. They just don't use it. And never will as 99.9% of the world is not interested in tech, money, economics, revolution, anti-bank, libertarian movement (and bitcoins sums all up). So we might be finished already with the bitcoin adoption.

99.9 percent pf people are not interested in tech and money?  I'm sorry but that is the stupidest thing I have ever heard in my life.  Maybe if you said 99.9 percent of people aren't interested in crypto currency or something, but saying 99.9 percent of people aren't interested in money and tech?  Wtf, did the world move into the woods to become one with nature overnight?

You're right, what I said is not what I meant. 99.9% are not interested how tech works (thus don't want to know why bitcoin is secure, etc) and are not interested how money works (banks, fractionary reserve etc)

[atp1916]

All the people that have been screaming to the moon are embarrassed for being constantly wrong.  I want them to come back as we need people spreading bs rumors about bitcoin going to the moon.

Has been a while since I last saw a bullish prediction for the next months. Guess everybody is a bear now, ha?

Where are the people screaming that 450 is cheap and "to da moon"? Where are those 10,000 predictions and charts?

Fact is, I saw this masterpiece investigative series in my country (superbly filmed and documented) presenting Bitcoin. Major audience, Sunday 8pm.

Made me wonder. I think many, many people know about bitcoin. They just don't use it. And never will as 99.9% of the world is not interested in tech, money, economics, revolution, anti-bank, libertarian movement (and bitcoins sums all up). So we might be finished already with the bitcoin adoption.

99.9 percent pf people are not interested in tech and money?  I'm sorry but that is the stupidest thing I have ever heard in my life.  Maybe if you said 99.9 percent of people aren't interested in crypto currency or something, but saying 99.9 percent of people aren't interested in money and tech?  Wtf, did the world move into the woods to become one with nature overnight?

You're right, what I said is not what I meant. 99.9% are not interested how tech works (thus don't want to know why bitcoin is secure, etc) and are not interested how money works (banks, fractionary reserve etc)

.... yet given the choice, people will never pay a fee they know they can avoid.  

It's not that the masses don't care, they are simply unaware of how the protocol so revolutionary to the concept of transmitting units of value within the marketplace.