Damn, any day this should pop below $300

[adaseb]

I know. But it probably won't be this week but next week because of the Christmas holiday.

[freebit13]

I've been watching for the past week as it looks very weak and have been expecting it to break below $300. Damn, any day now it should go. I think the only thing holding it up are highly invested bag holders.

I think a break below $300 will be the start of the capitulation that a lot of bears are waiting for. It should signal just how weak bitcoin is and let people finally know that maybe bitcoin isn't going to just go higher so you can become rich.

I think a new coin will soon come up and replace bitcoin for the #1 spot and this will be a very bad blow to bitcoin. This I think may happen in 2015.

Just how big is the network, supporting this new coin that is going to replace bitcoin?

[inca]

Not really sure why you lot haven't figured out the lambtroll is SilverSpoon.

Perhap he was banned. Perhaps the fact a simple glance at his >5200 posts since March 2014 bashing bitcoin made him an obvious troll.

Either way be careful trading with him - he had a -ve trust rating with his other account.


Oh and edward50, you belong to a special group on here, XiaoXiao and Nagle included. You had the opportunity to buy bitcoin in 2011, but you argued against it then as now. Perhaps your luck will change?

[brg444]

I think a new coin will soon come up and replace bitcoin for the #1 spot and this will be a very bad blow to bitcoin. This I think may happen in 2015.

Actually, Ethereum could possibly do it. That's why I've taken my seat in that train. Ethereum is so deep and so well thought of, it's the 2nd biggest crowdfunding in history, can't wait for the day it launches.

The most deep and well thought of vaporware in the history of crowdfunding. Can't wait till it fails

[Melbustus]

Here is OP posting on the exact day of the 2011 low:

I think most people have been holding off selling when the price dropped to around $3.00. But now that it has been dropping slowly from that price point, I think it will be very soon that people will start to dump their coins.

There will be some resistance around $2.00, Even with the manipulator trying to push it higher, he has failed. IT seems that the price will fall to about $1.00. I think that will be the bottom. Expect some bouncing, but each bounce is weaker and weaker.

Note that the bottom was *double* what he said it was gonna be... Oh, and the fact that he was making many of the same general arguments about bitcoin's doom and impending price collapse when the price was 100-fold lower than today.

Maybe we should have a rating system where if you're consistently wrong with testable predictions for years, you don't get to start new threads.

[mindrust]

Bitcoin is doin just fine. Actually a stabilized price is the best thing happened to bitcoin.

Price goes down, btc holders cry; price goes up fiat holders cry.

Just stay still and everyone is happy.

[Silverspoon]

Bitcoin is doin just fine. Actually a stabilized price is the best thing happened to bitcoin.

Price goes down, btc holders cry; price goes up fiat holders cry.

Just stay still and everyone is happy.

You're forgetting that trading bitcoin is just a socially (and thus far in US, legally) acceptable form of gambling.
But what good is a nearly-dead casino where few lose but no one ever wins? 

[a fool and his money ...]

go to google trends

people are about as interested in bitcoin as they  are in creepypastas (short horrorstories written by amateur teenage writers).

Interest in bitcoin is as big as in one of the smaller non-mainstream niches for entertainment with stories from hobby-writers. Think about that.

You'd probably be more successfull selling people a short story from an unknown teenager first-time-writer as you'd be selling bitcoin to them.

There's about 20 searches for "pokemon" for every 1 search on "bitcoin"

So, yeah. Bitcoin is wildly successfull in changing the world (not) 

Seriously, it's not even close to competing with a gameboy-game for 6 to 14 year olds

[JessicaSe]

I've been watching for the past week as it looks very weak and have been expecting it to break below $300. Damn, any day now it should go. I think the only thing holding it up are highly invested bag holders.

I think a break below $300 will be the start of the capitulation that a lot of bears are waiting for. It should signal just how weak bitcoin is and let people finally know that maybe bitcoin isn't going to just go higher so you can become rich.

I think a new coin will soon come up and replace bitcoin for the #1 spot and this will be a very bad blow to bitcoin. This I think may happen in 2015.

i don't think price up and down will make a big effect as we have seen top and bottom ourselves
about new coin replacing bitcoin , i think bitcoin will on top always because it is the root of crypto currency world

[a fool and his money ...]

people are searching for "4chan" about three times for every 1 search they do for "bitcoin"

my opinion: this looks really grim and i honestly don't see recovering it - why should it? It didn't recover all year. Maybe will never. Maybe it  was really just a fad and people have grown out of it.

After all it doesn't make sense to hold bitcoin with this inflation it has. It's really only loosing you money. People don't know it, don't want it,don't understand it and don't have the time for it. Let alone are interested in holding with all the hassle and risk that comes with  it. It just requires too  much study for a sane grownup to get invested. It's very hard to handle safely and very hard to access. So why should people invest in it? The fad has faded. Get ready for a plunge. It's pretty much over for now.

[a fool and his money ...]

go to google trends
people are about as interested in bitcoin as they  are in creepypastas (short horrorstories written by amateur teenage writers).
/snip

Funny you should bring something like that up. Right now my wallet is stuffed with gift cards, from the holiday season, and I can barely close it. That got me to thinking about bitcoin. "What makes these cards so successful and not bitcoin?" and then followed by "Well how successful is the gift card industry?" The google reports that the gift card industry is a 110B USD a year industry. That really pales in comparison to Bitcoins 5B market cap I thought. Maybe my logic is faulty but that kinda put things in perspective for me.

giftcards are much more accessible, easy to handle and understand.

110B a year industry?
Pales in comparison to bitcoin?
Excuse me?
If people would buy bitcoin for 110B each year the marketcap would be many billion already. You're making a logical mistake comparing (bitcoin)marketcap to (giftcard)tradevolume or is it giftcard-profit that is made during the year? Really i can't see a lot of sense in the numbers. One thing is certain: Average Joe is much, much more likely to buy a giftcard as a present than he is to buy bitcoin. Giftcard industry is really much bigger than crypto i assume.

Bitcoin doesn't make a good christmas present because nobody understands it or can handle it safely - giftcards are another story. They are easy to use and you don't loose money from holding them.

Giftcard scores 2 - Bitcoin scores 0

[Melbustus]

...
Bitcoin doesn't make a good christmas present because nobody understands it or can handle it safely - giftcards are another story. They are easy to use and you don't loose money from holding them.

The people I gave Casascius coins to as gifts over the years very much disagree with your puerile and short-sighted "analysis".

[smoothie]

go to google trends
people are about as interested in bitcoin as they  are in creepypastas (short horrorstories written by amateur teenage writers).
/snip

Funny you should bring something like that up. Right now my wallet is stuffed with gift cards, from the holiday season, and I can barely close it. That got me to thinking about bitcoin. "What makes these cards so successful and not bitcoin?" and then followed by "Well how successful is the gift card industry?" The google reports that the gift card industry is a 110B USD a year industry. That really pales in comparison to Bitcoins 5B market cap I thought. Maybe my logic is faulty but that kinda put things in perspective for me.

giftcards are much more accessible, easy to handle and understand.

110B a year industry?
Pales in comparison to bitcoin?
Excuse me?
If people would buy bitcoin for 110B each year the marketcap would be many billion already. You're making a logical mistake comparing (bitcoin)marketcap to (giftcard)tradevolume or is it giftcard-profit that is made during the year? Really i can't see a lot of sense in the numbers. One thing is certain: Average Joe is much, much more likely to buy a giftcard as a present than he is to buy bitcoin. Giftcard industry is really much bigger than crypto i assume.

Bitcoin doesn't make a good christmas present because nobody understands it or can handle it safely - giftcards are another story. They are easy to use and you don't loose money from holding them.

Giftcard scores 2 - Bitcoin scores 0

"Nobody" understands Bitcoin .....lol

Such an absolute statement.  

[BlindMayorBitcorn]

We need a bearwhale to get below 300.

I nominate cbeast to be our new bearwhale. Anybody second that?

[bornil267645]

well it's close to $300 mark all year, but ever below.

[freebit13]

http://www.gyft.com/...

[fewcoins]

Below 300 isn't possible guys c'mon now!

[BlindMayorBitcorn]

Below 300 isn't possible guys c'mon now!

So close. We all know it's going to happen. No greater fools left here, brother

[botany]

If it goes below $300, the amount of dollars flowing into Bitcoin will be huge.
Lot of money bags are waiting in the wings.

[BlindMayorBitcorn]

If it goes below $300, the amount of dollars flowing into Bitcoin will be huge.
Lot of money bags are waiting in the wings.

Like lambs to the slaughter. Sad fact