Should I worry?

[DaveSaldana123]

You should not, this is mere market noise, relax and go out.

Keeps dropping every week. In your opinion will btc be worth $600 by the end of the year?

$600 will be the bottom, but this is a rather pessimistic prediction.

What is your optimistic prediction?

$600 might be a more realistic guess.

[griffinriz]

If you are a long term Holder than you shouldn't worry.

[institutionaltrader]

If you are a long term Holder than you shouldn't worry.

Of course you should worry. If the technology doesn't make it (hacked, bugs, product life-cycle) or is replaced by one officially regulated then the long term value is 0.
If it's a naturally occurring ponzi scheme like some theories suggest then same result.

Sometimes it is better to get your money and laugh all the way to the bank watching others burn. Take action.

[panju1]

What the fuck, wake up, downtrend was broken (convincingly) in May. Are you looking at the same charts we all are looking? We never hit April lows since then, been in a 400-700 sidechannel for 4 months. Downtrend is if we hit 300.

What worries me is that bitcoin doesn't seem to be getting out of this range.
I hope people don't lose interest because of this.

[piramida]

What the fuck, wake up, downtrend was broken (convincingly) in May. Are you looking at the same charts we all are looking? We never hit April lows since then, been in a 400-700 sidechannel for 4 months. Downtrend is if we hit 300.

What worries me is that bitcoin doesn't seem to be getting out of this range.
I hope people don't lose interest because of this.

Impatient speculators may lose interest, but they are minor force and minor capital, nobody really cares. This is the time when infrastructure is being built, price helps but it does not have to grow rapidly to support infrastructure development plans.

[MasterCasino]

They will lose interest because the increase of bitcoin users is very impossible.

[rockyrotcoin]

Dont worry.. Bitcoin will not go down without a fight.

[minerpumpkin]

What the fuck, wake up, downtrend was broken (convincingly) in May. Are you looking at the same charts we all are looking? We never hit April lows since then, been in a 400-700 sidechannel for 4 months. Downtrend is if we hit 300.

What worries me is that bitcoin doesn't seem to be getting out of this range.
I hope people don't lose interest because of this.

Impatient speculators may lose interest, but they are minor force and minor capital, nobody really cares. This is the time when infrastructure is being built, price helps but it does not have to grow rapidly to support infrastructure development plans.

Only very few people exit the market forever! Most at least continue to watch it from the sidelines and as soon as there's another bubble approaching or the media coverage skyrockets again, they'll be coming back and put their money back in Bitcoin. They still have their Bitstamp accounts, their Bitcoin wallets, and know how to use it!

[adaseb]

If you are worried about a $30 move then you really are in the wrong business.

Invest in blue chip stocks instead. They aren't as volotile.

[nuff]

What the fuck, wake up, downtrend was broken (convincingly) in May. Are you looking at the same charts we all are looking? We never hit April lows since then, been in a 400-700 sidechannel for 4 months. Downtrend is if we hit 300.

What worries me is that bitcoin doesn't seem to be getting out of this range.
I hope people don't lose interest because of this.

So in your opinion what 'range' should we be at? Face it, we're at the stabilizing stage where bitcoin will not have drastic velocity as we did last  november. Even if the people lose interest, it doesn't change the fact that bitcoin has the first mover advantage, that it'll always be the one that all other altcoins will be based at.

[minerpumpkin]

If you are worried about a $30 move then you really are in the wrong business.

Invest in blue chip stocks instead. They aren't as volotile.

Over the last weeks we're approaching more and more support lines, though... The more we break, the more dire the situation gets. Some people claim that we're currently even leaving the long-term support and uptrend. This may become really really dangerous. The trick is to catch a falling knife and know when this is the case, and it isn't prudent anymore to wait for a recovery!

[lemfuture]

They will lose interest because the increase of bitcoin users is very impossible.

very impossible? first time i heard such thing

[Chuckee]

be worried. be very worried. bitcoin is going nowhere but down.

[hannscryo]

Why don't you draw a perpendicular line, it's as realistic as the above chart

[romerun]

if btc continues down trend, miners could drop out as they cannot pay upkeep, then it's downward spiral.

[minerpumpkin]

if btc continues down trend, miners could drop out as they cannot pay upkeep, then it's downward spiral.

Why? Could you elaborate? Some miners, most likely those with the oldest gear, will drop out. The total hash rate will then go down of course, and thus others will mine again at a profit. But what would this have to do with the Bitcoin price? We don't need an ever-increasing amount of miners or hash-rate for Bitcoin to function!

[Wilhelm]

be worried. be very worried. bitcoin is going nowhere but down.

Why not post a completely crap trendline while your at it..... 

Like...

[adamstgBit]

if btc continues down trend, miners could drop out as they cannot pay upkeep, then it's downward spiral.

Why? Could you elaborate? Some miners, most likely those with the oldest gear, will drop out. The total hash rate will then go down of course, and thus others will mine again at a profit. But what would this have to do with the Bitcoin price? We don't need an ever-increasing amount of miners or hash-rate for Bitcoin to function!

if hash-rate would to start to decrease time between blocks would increase, this could lead to problems, feather coin faced this problem, and hacked a solution.

if this does happen i could see some " bitcoin is borken selling " going on.

but i dont think so, hash rate is / always has been depreciating very fast, its only natural the hash rate is always going up, i don't see this change ever, might start to increase more slowly, and eventually level off.

[minerpumpkin]

if btc continues down trend, miners could drop out as they cannot pay upkeep, then it's downward spiral.

Why? Could you elaborate? Some miners, most likely those with the oldest gear, will drop out. The total hash rate will then go down of course, and thus others will mine again at a profit. But what would this have to do with the Bitcoin price? We don't need an ever-increasing amount of miners or hash-rate for Bitcoin to function!

if hash-rate would to start to decrease time between blocks would increase, this could lead to problems, feather coin faced this problem, and hacked a solution.

if this does happen i could see some " bitcoin is borken selling " going on.

but i dont think so, hash rate is / always has been depreciating very fast, its only natural the hash rate is always going up, i don't see this change ever, might start to increase more slowly, and eventually level off.

Well, I don't think that this is a problem. Sure, it needs to re-target first, this may take some days, but even with half of the miners turning their gear off, we'd still be at a 20 minutes block time, which isn't catastrophic. Miners can only do one thing: Keep their gear running, it will never be more profitable than today. Therefore, they will most likely take the gamble and keep it running nevertheless!

[adamstgBit]

if btc continues down trend, miners could drop out as they cannot pay upkeep, then it's downward spiral.

Why? Could you elaborate? Some miners, most likely those with the oldest gear, will drop out. The total hash rate will then go down of course, and thus others will mine again at a profit. But what would this have to do with the Bitcoin price? We don't need an ever-increasing amount of miners or hash-rate for Bitcoin to function!

if hash-rate would to start to decrease time between blocks would increase, this could lead to problems, feather coin faced this problem, and hacked a solution.

if this does happen i could see some " bitcoin is borken selling " going on.

but i dont think so, hash rate is / always has been depreciating very fast, its only natural the hash rate is always going up, i don't see this change ever, might start to increase more slowly, and eventually level off.

Well, I don't think that this is a problem. Sure, it needs to re-target first, this may take some days, but even with half of the miners turning their gear off, we'd still be at a 20 minutes block time, which isn't catastrophic. Miners can only do one thing: Keep their gear running, it will never be more profitable than today. Therefore, they will most likely take the gamble and keep it running nevertheless!

say it does happen

i'd like to see the devs purpose we retarget difficulty immediately and the mining community agree.

i agree with you its no big deal, but so is implementing a minor change we can all ( more then 51% )agree on.

in my view bitcoin was made to evolve this way.