Bitcoin's worst year

[wobber]

Prices dropped to 371. This is a big event in terms of bitcoin's image. Nobody will want to trade it anymore, for a while. This is not a sane market, where you can loose or gain 20% in a day. I presume we'll eventually hit 266 mark and stay low for the next months, maybe a full year.

I'm confident in BTC as a technology but the speculation shit has come to an end. I feel sorry for the folks that bought with dreams of get rich quick and lost a shitload of money.

It feels painful to see what happened last 8 months. Prove me I'm an idiot, prove me I'm wrong but I think the bottom is much much lower and a trend reversal is at least a year away.

[Sevvero]

Prices dropped to 371. This is a big event in terms of bitcoin's image. Nobody will want to trade it anymore, for a while. This is not a sane market, where you can loose or gain 20% in a day. I presume we'll eventually hit 266 mark and stay low for the next months, maybe a full year.

I'm confident in BTC as a technology but the speculation shit has come to an end. I feel sorry for the folks that bought with dreams of get rich quick and lost a shitload of money.

It feels painful to see what happened last 8 months. Prove me I'm an idiot, prove me I'm wrong but I think the bottom is much much lower and a trend reversal is at least a year away.

Servers them right. That's what happens when you try to get rich quick with no actual work. The lower the price gets, the nicer it is to see these idiots get financially ruined.

[Malin Keshar]

This is not end, until it ends.

Rocky Balboa

[wobber]

Prices dropped to 371. This is a big event in terms of bitcoin's image. Nobody will want to trade it anymore, for a while. This is not a sane market, where you can loose or gain 20% in a day. I presume we'll eventually hit 266 mark and stay low for the next months, maybe a full year.

I'm confident in BTC as a technology but the speculation shit has come to an end. I feel sorry for the folks that bought with dreams of get rich quick and lost a shitload of money.

It feels painful to see what happened last 8 months. Prove me I'm an idiot, prove me I'm wrong but I think the bottom is much much lower and a trend reversal is at least a year away.

Servers them right. That's what happens when you try to get rich quick with no actual work. The lower the price gets, the nicer it is to see these idiots get financially ruined.

Why would it be nice to see another man's misfortune?

[BCEmporium]

The lower the price gets, the more stable bitcoin will be the more suitable it become for trading. Simple as that, Bitcoin is just turning into money.
For the rest, Bitcoin would need to get to single digits for anyone to can say it is its worse year.

[Sevvero]

Prices dropped to 371. This is a big event in terms of bitcoin's image. Nobody will want to trade it anymore, for a while. This is not a sane market, where you can loose or gain 20% in a day. I presume we'll eventually hit 266 mark and stay low for the next months, maybe a full year.

I'm confident in BTC as a technology but the speculation shit has come to an end. I feel sorry for the folks that bought with dreams of get rich quick and lost a shitload of money.

It feels painful to see what happened last 8 months. Prove me I'm an idiot, prove me I'm wrong but I think the bottom is much much lower and a trend reversal is at least a year away.

Servers them right. That's what happens when you try to get rich quick with no actual work. The lower the price gets, the nicer it is to see these idiots get financially ruined.

Why would it be nice to see another man's misfortune?

Idiots need to pay for their stupidity and laziness.

[area3121]

nothing can predict this year price break down to lower the btc price history...

[DeadCoin]

Prices dropped to 371. This is a big event in terms of bitcoin's image. Nobody will want to trade it anymore, for a while. This is not a sane market, where you can loose or gain 20% in a day. I presume we'll eventually hit 266 mark and stay low for the next months, maybe a full year.

I'm confident in BTC as a technology but the speculation shit has come to an end. I feel sorry for the folks that bought with dreams of get rich quick and lost a shitload of money.

It feels painful to see what happened last 8 months. Prove me I'm an idiot, prove me I'm wrong but I think the bottom is much much lower and a trend reversal is at least a year away.

Servers them right. That's what happens when you try to get rich quick with no actual work. The lower the price gets, the nicer it is to see these idiots get financially ruined.

Why would it be nice to see another man's misfortune?

Well, those who lost intended to get rich at the expense of the others, but it turned out the others got rich at the expense of them.

Why feel sorry for them? They knew they could lose, but they were too greedy and proceeded anyway.

[Sevvero]

Prices dropped to 371. This is a big event in terms of bitcoin's image. Nobody will want to trade it anymore, for a while. This is not a sane market, where you can loose or gain 20% in a day. I presume we'll eventually hit 266 mark and stay low for the next months, maybe a full year.

I'm confident in BTC as a technology but the speculation shit has come to an end. I feel sorry for the folks that bought with dreams of get rich quick and lost a shitload of money.

It feels painful to see what happened last 8 months. Prove me I'm an idiot, prove me I'm wrong but I think the bottom is much much lower and a trend reversal is at least a year away.

Servers them right. That's what happens when you try to get rich quick with no actual work. The lower the price gets, the nicer it is to see these idiots get financially ruined.

Why would it be nice to see another man's misfortune?

Well, those who lost intended to get rich at the expense of the others, but it turned out the others got rich at the expense of them.

Why feel sorry for them? They knew they could lose, but they were too greedy and proceeded anyway.

Exactly, the greedy fucks deserve misfortune and bankruptcy. They didn't want to work fairly like normal people, but get rich quick via scam.

[Sythyn]

Omg, what just cause the crash in price?

[Sevvero]

Omg, what just cause the crash in price?

People waking up to the scam, whales getting rid of scam coins. Sell now or lose all! It will drop much more!

[jcoin200]

Servers them right. That's what happens when you try to get rich quick with no actual work. The lower the price gets, the nicer it is to see these idiots get financially ruined.

Right because no one here worked for the money to buy BTC in the first place.  Your an idiot dude

[giantdragon]

In 2011 there was much bigger price fall and Bitcoin only increased it's strength after!

[jcoin200]

In 2011 there was much bigger price fall and Bitcoin only increased it's strength after!

And think of last fall.  When the price hit $400, there was lots of optimism.  Were back to $400, but not the same optimism. 

[Hunyadi]

The current marketcap is insufficient for serious business. Bitcoin has to be a lot more expensive, or it stay as niche market protocol (even then, if successful and that niche market is drugs, the market cap is too small).

[inca]

In 2011 there was much bigger price fall and Bitcoin only increased it's strength after!

And think of last fall.  When the price hit $400, there was lots of optimism.  Were back to $400, but not the same optimism. 

Yes do think about it. The forum sentiment is currently in the depths of despair and the price is $400. Last autumn we were breaking out surging above the previous ATH with sentiment hugely bullish and a price of $400. We have come far.

[proudhon]

God almighty, this place is exactly like it was in 2010.

[cypherdoc]

God almighty, this place is exactly like it was in 2010.

some things just keep cycling.

[uhoh]

God almighty, this place is exactly like it was in 2010.

And just when I was trying to work out what was missing from this crash, he returns

[Supercrypt]

year 2014 was not good for crypto
litecoin also had bad time this year