I TOLD YOU SO!

[Bitcoins101]

Well, since christmas is coming, a lot of people sold their BTC in order to buy gifts for their family/friends.
But this is quite a drop...

Right, since people that have to sell their BTC in order to afford Christmas gifts are the same people controlling the market.

[Seketsuna]

Ripple shills want to dump their coins to some clueless people. Just waiting for an omega dump for ripple

[Q7]

Okay and yeah it has the setback clearly inked but what other altcoins that you think is good enough to replace bitcoin? In terms of new technology, I can't think of any. The rest is basically purely marketing driven that artificially inflates the value of the coin. And.... do you notice all altcoins still take bitcoin as the benchmark for valuation.

[jwinterm]

Bitcoin suffers from an array of identified problems which need a solution (mining rewards are shit, inflation sucks)

Is it just me or are the only two problems smalltimer listed a complete contradiction? If mining rewards are shit (low?), then inflation would be low, right? And vice-versa, if inflation sucks (is too high?) then mining rewards are not low (shit?), right?

I guess I'm just not wise enough to comprehend...

[smalltimer]

Bitcoin suffers from an array of identified problems which need a solution (mining rewards are shit, inflation sucks)

Is it just me or are the only two problems smalltimer listed a complete contradiction? If mining rewards are shit (low?), then inflation would be low, right? And vice-versa, if inflation sucks (is too high?) then mining rewards are not low (shit?), right?

I guess I'm just not wise enough to comprehend...

ming rewards are shit-high is what i ment

[Kipsy89]

Moving on to the next coin may be a bad decision, but I do agree that we need a decent and definite correction up now. Big volume and re-test of the $275s or even lower prices. Bleeding out slowly doesn't help anyone now!

[MicroGuy]

if bitcoin doesn't bounce HARDCORE VERY SOON just forget it and move to the  next coin. Problem is maybe in parts not even identified and could be with the wrong people holding the coins - possible large amounts of stolen coins sold and so on.

Just do the switch to the other coin if bitcoin has problems which can't be solved or even fully identified.

I think bitcoin will remain king for a couple more years before other alts begin taking the lead.

[vicemayor]

...

if bitcoin doesn't bounce HARDCORE VERY SOON just forget it and move to the  next coin. Problem is maybe in parts not even identified and could be with the wrong people holding the coins - possible large amounts of stolen coins sold and so on.


...

I don't believe one would necessary find salvation through another cryptocurrency especially with even lower probability of mainstream adoption.

If the bitcoin price 'stabilizes' at a level like $100, while bad news for speculators hoping for +$1,000 levels, could pave the way for greater acceptability all-around in mainstream markets. The keyword here - and it's a relative definition - is 'stabilize'. Volatility - whether dramatically upwards or downwards - isn't conducive for growing acceptance and adoption.

[smalltimer]

I don't believe one would necessary find salvation through another cryptocurrency especially with even lower probability of mainstream adoption.

the coin just needs to go up - then adoption will follow
bitcoin is too much inflation so it goes down and is very volatile - so it has become a casino and normal people don't like to touch it because it goes up 10x in 3 weeks and then falls for 12 months +

if you had a coin that could hold value and would actually keep going up or at least have shorter bearmarkets that one would be adopted IN NO TIME!

But everyone here is pretty masochistic and also fearful so we keep shortselling to each other while outsiders keep wondering what's wrong with these lunatics on this forum ...

well, at least some miners made a buck ...

[applesRyummy]

if bitcoin doesn't bounce HARDCORE VERY SOON just forget it and move to the  next coin. Problem is maybe in parts not even identified and could be with the wrong people holding the coins - possible large amounts of stolen coins sold and so on.

Just do the switch to the other coin if bitcoin has problems which can't be solved or even fully identified.

I think bitcoin will remain king for a couple more years before other alts begin taking the lead.

I would personally doubt that any altcoin will ever dominate bitcoin in terms of total market cap nor in terms of user adoption. To date nothing has added anything to the table that bitcoin does not offer and the quality of altcoins are only going down over time.

I am also not sure about the price needing to bounce for it to ever increase in price again. The price of bitcoin has been down for a long time before so I don't see any reason why it couldn't be down for a long time now and then eventually rebound