Bitcoin in freefall... Too bad for those people who bought over 100$! hahaha

[Flashman]

And why would you find that unlikely? Is that not a reasonable assumption?
Mining is a serious business.  Businesses always seek to maximize quarterly
and annual profits on behalf of their shareholders.

Most are privately held so not slaves to the quarterly cycle. i.e. they can set longer term goals without getting sued for not propping up this quarters numbers at the expense of having any future.

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[BigBertie]

Soon the great btc tulip mania is over   Bitcoin going under 100$ and never going back up where it was  
Leaving believers to believe, traders, investors and corporations moving on  

young Mike. You are obsessed with Tulip mania.

[Aemon]

Don't think it can't go back up?  They still might make tons of money, no one will know what is going to happen here until it actually happens.  Until then, don't invest what you can't afford to lose and have some fun!

[HCLivess]

100 and 10 look like some pretty good targets, but can we make it happen? 

[jonald_fyookball]

And why would you find that unlikely? Is that not a reasonable assumption?
Mining is a serious business.  Businesses always seek to maximize quarterly
and annual profits on behalf of their shareholders.

Most are privately held so not slaves to the quarterly cycle. i.e. they can set longer term goals without getting sued for not propping up this quarters numbers at the expense of having any future.

Somewhat true I think...still, even most
private companies aren't owned by
one single person.  Partners and investors
still want to be paid.

Anyway its all just speculation.

[Orangina]

Soon the great btc tulip mania is over   Bitcoin going under 100$ and never going back up where it was  
Leaving believers to believe, traders, investors and corporations moving on  

What you are saying such a thing ?
Seems stable if you ask me , It's about ~300-400$  for months now , what on the earth will make it drop to such a price

[Aemon]

People tend to freak out over absolutely nothing and claim they know everything.  Bottom line, they no nothing and just like to make people worry about everything.

[bitllionaire]

bitcoin is not going to touch 1XX
it will go to 2XX and after that there will be a rebound

[Oldminer]

Soon the great btc tulip mania is over   Bitcoin going under 100$ and never going back up where it was  
Leaving believers to believe, traders, investors and corporations moving on  

What are you talking about? I bought BTC for $170 and sold for $1000+ 

[tokeweed]

Soon the great btc tulip mania is over   Bitcoin going under 100$ and never going back up where it was  
Leaving believers to believe, traders, investors and corporations moving on  

but what if it goes up again?

[Lethn]

Soon the great btc tulip mania is over   Bitcoin going under 100$ and never going back up where it was  
Leaving believers to believe, traders, investors and corporations moving on  

but what if it goes up again?

THEN IT'S A BUBBLE AGAIN AHAHAHAHHAHAHAHAAAAAAA!!!!!! TULIP MANIA OLOLOLOLOLOLOL! FAKE! NOT A REAL CURRENCY!

But seriously, then the whole analogy is a load of shit isn't it? And obviously something people pull out of their arses.

[IBGigglin]

Amazing that so many users believe that because Bitcoin is 'losing value' that the individual 'must have' lost money on their investment in Bitcoin.

Not even worth getting any TA on this thread, but good lord. What a bunch of weenies.

[moriartybitcoin]

I put half a million into bitcoin when it was at $650 and I'll put another half million into it soon .. I'm hoping the price drops to below $300 first :-)

Short-term price projection: $1,000 by August 2015
Long-term price projection: $10,000 by August 2016

GET IN WHILE YOU STILL CAN!!!!!!!!!

[cyberpinoy]

Yes I love threads like this, believers are disproved in less than a month or 2, the disgruntled non believers think they are right because they disproved the FHPers (FHP = FALSE HOPE POST) Oh lord, once 1/4 of this community begins to understand trading and how it works, and the bitcoin developers get off their ass and ceate a real demand stronger than its tradable value, this back and forth all year long between the FUDers and FHPers will never go away.

My thoughts bitcoin will see below 200 if it hits below 100 good luck, because it takes the chance to be destroyed before it has a chance to bounce back. Anything lower than 200 bucks a coin makes it completely non profitable to mine PERIOD, without miners you dream fades away. For you idiots who are gonna say well the bigger mines are gonna keep going, you stupid if you think that. if a small 1 machine miner cant mine without a profit and pay their bills what the hell makes you think a farm with 2000 machines can? they still have electric to pay. And if you seriously think these big farms keep huge portions of coins You even more stupid than I originally thought, we mine coins to make money, not because we are doing something usefull to bitcoins, we do it to make a profit. And if you honestly think the bitcoin developers are sitting on 20 PHS of mining power again your an idiot, they are not that smart, they cant even secure a demand for their coin, what the hell makes you think they were smart enough to secure it transaction processes.

I put half a million into bitcoin when it was at $650 and I'll put another half million into it soon .. I'm hoping the price drops to below $300 first :-)

Short-term price projection: $1,000 by August 2015
Long-term price projection: $10,000 by August 2016

GET IN WHILE YOU STILL CAN!!!!!!!!!

FIRST, I CALL BULLSHIT!!!!
what is your bitcoin address to prove you dropped 500,000 USD in bitcoin in June/July ( that is when it was 640 a coin) we want proof, I dont believe you, why dont I believe you because the market did not move to back your foolish statement up. thats why !!

HAHAHAHA I love posts like this, In july I saw a post that looked like this

Short-term price projection: $1,000 by December 2014
Long-term price projection: $10,000 by January 2016

Bitcoin will NEVER hit 10,000 dollars a coin so forget it !!! Its never EVER going to happen, it is not possible

[Bit_Happy]

Buy low, sell High = Make huge profits.
To really win big you need the courage to go against the crowd, when big moves have been going on too long.

[cyberpinoy]

Buy low, sell High = Make huge profits.
To really win big you need the courage to go against the crowd, when big moves have been going on too long.

That is not a good trading strategy HAHA, your strategy could have you flat broke or hedged out of your portfolio in days. dont go against or with the crowd do your own due diligence and make educated trades, thats how I was so profitable in the forex market, i didnt follow anyones advice or not follow anyones advice I did my own thing. I have 380 consecutive wins on trades by doing my own work and following NO ONE and that was before I cashed out to get into bitcoins And my wins are not your investment firm wins of 0.01 volume, my trades were 1 to 10 volumes at a time.

[bitcoinstarter]

Soon the great btc tulip mania is over   Bitcoin going under 100$ and never going back up where it was  
Leaving believers to believe, traders, investors and corporations moving on  

To be honest with you I am begging for the price to go under $100.

It is the only way I can acquire some  

if it goes to 100 hundred it might fall to 10 also

Even better, I will get them cheaper 

The cheaper the better

[exoton]

bitcoin is not going to touch 1XX
it will go to 2XX and after that there will be a rebound

Based on trading history of bitcoin over the past few months, there seems to be very strong support around the low $300 level; once it reaches this level it tends to rebound strongly to the mid 300 level when it generally will start to fall again

[micky123]

Bitcoin has way too much money invested in it to fail so quickly. Worst situation, the price will fall a bit more and there WILL be a pump. People have invested way too much in BTC to just let it die this way. That inevitable pump will be for the big whales to cash out and cut their losses (if at all it happens). Chinese industries practically run on bitcoin, without bitcoin there would not be any asics and chips for them, which means plenty of folks in China going jobless. If nothing, China will prop up bitcoin just to ensure that their industries don't crash and people are left without jobs. I still think there will be a pump, when and how is anyones guess! 

[jonald_fyookball]

Anything lower than 200 bucks a coin makes it completely non profitable to mine PERIOD....

Bitcoin will NEVER hit 10,000 dollars a coin so forget it !!! Its never EVER going to happen, it is not possible

I assume you're trolling but obviously wrong on both.

Bitcoin will always be profitable to mine by someone,
as long as there is some kind of demand for the coin.
(because of difficulty adjustment)

Also, it is quite possible for the price to go to $10,000
and beyond.  The market cap at that price would be
$120 billion, which is arguably not even that high
for a "global currency".