Can Bitcoin Rebound?

[elephantas1]

The rebound has just started from $310 to $330, who knows maybe we can see $350 again in few days

I dont think it will happen in few days, but in a week or two the price should raise

[fenican]

Rebound? It's gone from $1 to $300+ in 5 years. That's a 300%+ annual growth rate.

There have always been short term fluctuations. Remember when people bitched about the $18 to $4 drop? Seems laughable in hindsight

[finnile]

Rebound? It's gone from $1 to $300+ in 5 years. That's a 300%+ annual growth rate.

There have always been short term fluctuations. Remember when people bitched about the $18 to $4 drop? Seems laughable in hindsight

Most of that growth was only in 1 year that was in 2013, and wasnt each year.

[Raeg]

Rebound? It's gone from $1 to $300+ in 5 years. That's a 300%+ annual growth rate.

There have always been short term fluctuations. Remember when people bitched about the $18 to $4 drop? Seems laughable in hindsight

Most of the people who now complain about it rebounding are those that have bought after the bubble and are still at a loss, so that's what rebound they're waiting for.

[Bit_Happy]

People are getting scared and losing hope, that is a great time to buy more Bitcoins.

[youngmike]

The rebound has just started from $310 to $330, who knows maybe we can see $350 again in few days

Or 295$ 

[LiteCoinGuy]

its dead. lets go home.

[sherbyspark]

People are getting scared and losing hope, that is a great time to buy more Bitcoins.

Its too hard to say this will be profitable. The fall from 600 to 300 made me think the same.
 But seemed too much hope was lost.

[fryarminer]

I cannot think of one major company that would invest it's end of year surplice in bitcoin. It's been an uphill battle to get companies to accept bitcoin, and even then they convert it to fiat.

And besides, bitcoin is taxable. And it's very hard to purchase without it being traceable somehow.

[youngmike]

Almost everything else except oil performed better than bitcoin this year  

[cbeast]

Almost everything else except oil performed better than bitcoin this year  

That is a fact. Many people spent money foolishly buying and consuming uranium or radium in Patent tonics before realizing their true value. There was a lull where there was little demand for them. Most lay people are in a state of confusion over the relationship between valueless bitcoin and the invaluable blockchain. Educated investors recognize the opportunity.

[Lauda]

Not at all. I'm not looking at it in any way in relation to dollar/euro etc. I don't see how my post gave that impression.

What if bitcoin is just a side attraction we've all gotten distracted by on the way to the true technological advancement - The Blockchain

I'm not comparing anything or seeing it in the eyes of investment return. Bitcoin may be a massive distraction (because people want to be rich - whether in fiat or crypto terms) that's blinded people to the advancements possible with blockchain technology.

Well it certainly did.
Easy answer: It simply isn't. We also shouldn't ever let it become that.

[sherbyspark]

Almost everything else except oil performed better than bitcoin this year  

That is a fact. Many people spent money foolishly buying and consuming uranium or radium in Patent tonics before realizing their true value. There was a lull where there was little demand for them. Most lay people are in a state of confusion over the relationship between valueless bitcoin and the invaluable blockchain. Educated investors recognize the opportunity.

But for the blockchain to be successful doesnt bitcoin have to succeed first?

[redsn0w]

its dead. lets go home.

Ahahahaha , no bitcoin is not dead :

[ikydesu]

Calm down and see the price up again(in few weeks maybe )
Hey this post should be in speculation section right

[AGD]

More and more small miners will shut down and dump their equipment due to unprofitability and the price/difficulty will level at about production cost for most of the survivours. Only some super low electricity cost miners will stay in the race in the long run, so BTC price will correlate with the production cost.

[ObscureBean]

Well I don't see Bitcoin rising past $500 in the next 6 months unless there is some truly amazing news, the initial hype has died down and I think people are a lot more cautious these days.
Even the Microsoft announcement didn't manage to bump up the value. I don't expect BTC to go below $200 though.

[sherbyspark]

More and more small miners will shut down and dump their equipment due to unprofitability and the price/difficulty will level at about production cost for most of the survivours. Only some super low electricity cost miners will stay in the race in the long run, so BTC price will correlate with the production cost.

That would be esclated next year when the halving happens.

[bornil267645]

They always say that history repeats itself, I guess we will really find out if that's true in the case of Bitcoin.

[Ghostface]

Almost everything else except oil performed better than bitcoin this year  

I've always said the price today doesn't really matter. It's what it's worth in the near future and for some of us we can see the potential value it truly has.