Nothing to see here...

[BCEmporium]

Some are shaking with the drop and jump to the cash out. But let's see:

Did bitcoin or any exchange/service suffered any serious attack or is it broken?
No.

Did banks finally figured a way to be reliable and people stock everything there?
Heck no! In fact they are worse than ever, being held by strings and taxpayers. Expect some more banks to go bankrupt (or bailed out) soon.

Is it forbidden to have bitcoins everywhere?
No.

So... why?

It's just holiday season and most likely some need to cash out to pay for their vacations.
Probably the come back will not happen before mid September, but that's it.

[Painful Truth]

Margin calls:
http://www.coindesk.com/margin-trading-crash-price-bitcoin/

Apart from that, nothing to see.

Bitcoin works as usual 

[Torque]

Margin calls on Bitfinex, apparently Ethereum (*cough* vaporware *cough*) dev team dumping 1000's of donated BTC, and panic sellers folding weak hands.

Yay for such a mature bitcoin market.

[kireinaha]

Did bitcoin or any exchange/service suffered any serious attack or is it broken?
No.

Moot point. People have decided they don't want to hold onto bitcoin anymore because development and mainstream adoption has stalled.

Did banks finally figured a way to be reliable and people stock everything there?
Heck no! In fact they are worse than ever, being held by strings and taxpayers. Expect some more banks to go bankrupt (or bailed out) soon.

My savings account is doing perfectly fine. Meanwhile, anyone who invested in bitcoin earlier this year and held until now is down 50% in value.

Is it forbidden to have bitcoins everywhere?
No.

Doesn't matter if few people actually want to buy them, which is clearly the case now.

It's just holiday season and most likely some need to cash out to pay for their vacations.
Probably the come back will not happen before mid September, but that's it.

Again with this line. This has to be the most fingers in ears, delusional line of thinking I've seen here. And that says a lot.

[BCEmporium]

Did banks finally figured a way to be reliable and people stock everything there?
Heck no! In fact they are worse than ever, being held by strings and taxpayers. Expect some more banks to go bankrupt (or bailed out) soon.

My savings account is doing perfectly fine. Meanwhile, anyone who invested in bitcoin earlier this year and held until now is down 50% in value.

How do you know how your savings are or aren't?
You don't expect the bank to come forward and say they lost all your money, do you?
It's just a number in the screen...

Obviously who joined during the hype lost. But that is as valid to bitcoin as it is to anything else.

[kireinaha]

How do you know how your savings are or aren't?
You don't expect the bank to come forward and say they lost all your money, do you?
It's just a number in the screen...

Obviously who joined during the hype lost. But that is as valid to bitcoin as it is to anything else.

...Because there hasn't been a complete economic meltdown...?

Meanwhile, anyone who is holding bitcoin in unregulatyed exchanges such as Bitstmap, Coinbase, BTC-E, bitfinex, etc, is at their mercy to not be hacked or fold up with the money. And even if they hold it at home, it can be stolen, a hard drive can crash, their house can burn down.

Are you for real?

[dropt]

My savings account is doing perfectly fine. Meanwhile, anyone who invested in bitcoin earlier this year and held until now is down 50% in value.

Yeah, anyone who bought during that crash to $3xx earlier this year is sitting on a massive loss.

Protip: Stop talking in absolutes, makes you an easy target.

[kireinaha]

My savings account is doing perfectly fine. Meanwhile, anyone who invested in bitcoin earlier this year and held until now is down 50% in value.

Yeah, anyone who bought during that crash to $3xx earlier this year is sitting on a massive loss.

Protip: Stop talking in absolutes, makes you an easy target.

I don't care if I'm "targetted" by mouth breathing bitcoin trolls. I enjoy it actually.

So first, I said, "people who invested in bitcoin earlier this year" by which I implied in January or February when it was >$800.

Are you really going to pick the lowest point of the year which held for less than a couple days and then imply from that that bitcoin has been a good investment in 2014?

[spazzdla]

How do you know how your savings are or aren't?
You don't expect the bank to come forward and say they lost all your money, do you?
It's just a number in the screen...

Obviously who joined during the hype lost. But that is as valid to bitcoin as it is to anything else.

...Because there hasn't been a complete economic meltdown...?

Meanwhile, anyone who is holding bitcoin in unregulatyed exchanges such as Bitstmap, Coinbase, BTC-E, bitfinex, etc, is at their mercy to not be hacked or fold up with the money. And even if they hold it at home, it can be stolen, a hard drive can crash, their house can burn down.

Are you for real?

... why would you store your private key in one place.

I will put my private key through 2 ciphers, GOOD LUCK breaking it bro good luck.

[spazzdla]

My savings account is doing perfectly fine. Meanwhile, anyone who invested in bitcoin earlier this year and held until now is down 50% in value.

Yeah, anyone who bought during that crash to $3xx earlier this year is sitting on a massive loss.

Protip: Stop talking in absolutes, makes you an easy target.

I don't care if I'm "targetted" by mouth breathing bitcoin trolls. I enjoy it actually.

So first, I said, "people who invested in bitcoin earlier this year" by which I implied in January or February when it was >$800.

Are you really going to pick the lowest point of the year which held for less than a couple days and then imply from that that bitcoin has been a good investment in 2014?

If you're gonna pick the highest point.. ya he'll pick the lowest...

[kireinaha]

...Because there hasn't been a complete economic meltdown...?

Meanwhile, anyone who is holding bitcoin in unregulatyed exchanges such as Bitstmap, Coinbase, BTC-E, bitfinex, etc, is at their mercy to not be hacked or fold up with the money. And even if they hold it at home, it can be stolen, a hard drive can crash, their house can burn down.

Are you for real?

... why would you store your private key in one place.

I will put my private key through 2 ciphers, GOOD LUCK breaking it bro good luck.

Most people pick their anniversary date or their child's birthday for their bank PIN number, and use the same easy to break password for every website. Perhaps you have a strict security policy in place for your bitcoin stash, but do you really expect average Jane and Joe to become security experts overnight? We're talking about the mainstream here, and for these people, holding their liquid assets in a regulated bank account makes much more sense than "being their own bank".

That should be a no brainer, and if you look at the price, it's clear that the mainstream agrees with me.

[spazzdla]

...Because there hasn't been a complete economic meltdown...?

Meanwhile, anyone who is holding bitcoin in unregulatyed exchanges such as Bitstmap, Coinbase, BTC-E, bitfinex, etc, is at their mercy to not be hacked or fold up with the money. And even if they hold it at home, it can be stolen, a hard drive can crash, their house can burn down.

Are you for real?

... why would you store your private key in one place.

I will put my private key through 2 ciphers, GOOD LUCK breaking it bro good luck.

Most people pick their anniversary date or their child's birthday for their bank PIN number, and use the same easy to break password for every website. Perhaps you have a strict security policy in place for your bitcoin stash, but do you really expect average Jane and Joe to become security experts overnight? We're talking about the mainstream here, and for these people, holding their liquid assets in a regulated bank account makes much more sense than "being their own bank".

That should be a no brainer, and if you look at the price, it's clear that the mainstream agrees with me.

We are talking about the ability to secure bitcoin that is all, not how stupid the average person is.

[kireinaha]

My savings account is doing perfectly fine. Meanwhile, anyone who invested in bitcoin earlier this year and held until now is down 50% in value.

Yeah, anyone who bought during that crash to $3xx earlier this year is sitting on a massive loss.

Protip: Stop talking in absolutes, makes you an easy target.

I don't care if I'm "targetted" by mouth breathing bitcoin trolls. I enjoy it actually.

So first, I said, "people who invested in bitcoin earlier this year" by which I implied in January or February when it was >$800.

Are you really going to pick the lowest point of the year which held for less than a couple days and then imply from that that bitcoin has been a good investment in 2014?

If you're gonna pick the highest point.. ya he'll pick the lowest...

I didn't even pick the highest point of the year We were just shy of $1,000 in January. The $350 price point held for a few hours during a flash crash. So if you bought while everyone was declaring a new ATH coming soon, you'd be hosed by now. If you went all in in during a very narrow time frame during a flash crash, you'd be okay. So that's totally rational and speaks volumes about the future potential of bitcoin.

[dropt]

I don't care if I'm "targetted" by mouth breathing bitcoin trolls. I enjoy it actually.

That's an interesting concept, because I'm pretty that's exactly what you are.

So first, I said, "people who invested in bitcoin earlier this year" by which I implied in January or February when it was >$800.

Oh so you were just cherry picking a time frame that supported your absolute statement without actually alluding to the bounds you were implying.  

Are you really going to pick the lowest point of the year which held for less than a couple days and then imply from that that bitcoin has been a good investment in 2014?

It makes for a good example.  We could pick any other point lower than $498, of which there are a few.  You need this to be the bottom for your statement to hold, which it does not, because it is not.

[An amorous cow-herder]

I will put my private key through 2 ciphers, GOOD LUCK breaking it bro good luck.

Right, there must be a reason everyone on the internet does that to encrypt passwords ... NOT.

[exocytosis]

We need to get below one dollar to shake out all the weak hands!!! Then the next rally can finally start!!!

[kireinaha]

That's an interesting concept, because I'm pretty that's exactly what you are.

I'm trying to help people from losing their money. That makes me the good guy, and you the troll. I don't know how many times this year I've seen bubble predictions for the next month, and absurd claims of all time highs "right around the corner". They've all been false, and people need to be held to account for it. If that makes *me* a troll, then so be it.

Oh so you were just cherry picking a time frame that supported your absolute statement without actually alluding to the bounds you were implying.  

This is a moot point. The fact is, the majority of bitcoin investors in 2014 have been burned. You can speculate any way you'd like, but I assure you there were few people going from nothing to all in during the short lived flash crash into $330s.

[BCEmporium]

...Because there hasn't been a complete economic meltdown...?

Who told you that it takes an economic meltdown for your savings to go down the drain?!
All it takes is some bank you never heard of in a place you can't even find in the map to go bankrupt and your bank to be exposed to it and pufff! There goes your savings!
Well, you still have a leverage with banks, governments will inject taxpayers money there to "save it". But even that will not work forever.

[exocytosis]

We are talking about the ability to secure bitcoin that is all, not how stupid the average person is.

The lack of secure, simple, user-friendly storage solutions for the average person is one of the reasons why Bitcoin will never come close to mainstream adoption. Hence, one of the reasons why we'll never see another rally bringing us to the lofty heights predicted by the permabulls. We'll never get back to four digits. It's three and two digits for the next year or so. Then one digit.

[BCEmporium]

That's an interesting concept, because I'm pretty that's exactly what you are.

I'm trying to help people from losing their money. That makes me the good guy, and you the troll.

You would need to know way much more of economics than you do to be a good guy, at the best you're a guy with good intentions.
Probably you joined high and sold low and therefore got upset on bitcoin. Too bad... that's how economics works, not with a 3% interest rate at some bank in a scam you know nothing about and that eventually will run out in a slowly burn ponzi scheme.