almost died

[rikkie]

Lets hope it will not go to where it started.
6 years BTC yesterday and now going down that way.

[neurotypical]

Every day is Buy day.

[NotLambchop]

BTC

when i saw the price this afternoon.

How's it going today tho?

[exocytosis]

Replace fiat? New currency? The future tech?

Ponder this: The blockchain can theoretically handle a maximum of 2.7 transactions per second. Meanwhile, Mastercard, Visa and other credit card companies, are handling literally millions of transactions per second. Bitcoin takes an hour to get the necessary six confirmations for each transaction. And -- unlike credit cards and other payment options -- it has zero consumer protection, zero user-friendliness and zero utility (unless you wanna buy drugs or child porn).

It's just insane how this shitty, slow ponzi scheme technology has managed to stay in the triple digit price range for so long. It's only been possible due to fraudulent exchanges and Gox bot manipulation schemes.
I'm glad to see the cultists failing to lure innocent newbies into this imploding pyramid scheme.

You seem to be hanging around rather a lot exo. Looking to finally buy eh? It's been a long wait for you!

I honestly don't even feel tempted to buy, even though I acknowledge the possibility of a DCB up to the 285-295 range. Long term it's obviously going down, and I'm probably not good enough at short term trading to make a consistent profit on timing the bulltraps. The market still has some elements of unpredictability, although the general trend is more than predictable enough. And I don't trust Bitfinex or other exchanges, so I'm not going short either.

[NUFCrichard]

$255! Bloody hell, nothing happens and the price falls out of the long time trading range by almost 20%
Well I will hold and maybe buy more at some point, I don't think the price will never rise above $400 again.

[Superhitech]

$255! Bloody hell, nothing happens and the price falls out of the long time trading range by almost 20%
Well I will hold and maybe buy more at some point, I don't think the price will never rise above $400 again.

I wouldn't say that it will "never" rise over $400 again. It probably will stay at current price, then rise eventually, but we won't know how long it will take.

[Edward50]

Replace fiat? New currency? The future tech?

Ponder this: The blockchain can theoretically handle a maximum of 2.7 transactions per second. Meanwhile, Mastercard, Visa and other credit card companies, are handling literally millions of transactions per second. Bitcoin takes an hour to get the necessary six confirmations for each transaction. And -- unlike credit cards and other payment options -- it has zero consumer protection, zero user-friendliness and zero utility (unless you wanna buy drugs or child porn).

It's just insane how this shitty, slow ponzi scheme technology has managed to stay in the triple digit price range for so long. It's only been possible due to fraudulent exchanges and Gox bot manipulation schemes.
I'm glad to see the cultists failing to lure innocent newbies into this imploding pyramid scheme.

Can't say this better. This is what I have been saying for a while now. When I used bitcoins extensively to gamble with altcoins a while back I didn't like dealing with bitcoins at all. The confirmations took a very long time, the safety and security didn't make me feel very good. It took a lot of research to figure it all out. I didn't like all the fees I was paying to exchanges.

I just didn't like it. The only thing I liked is the fact that it was a way to store value and it is easily stored. But that doesn't mean anything when the price fluctuates as much as it has. 

[Edward50]

The question really is why did bitcoin get so high in the first place. Now that the pumpers made their money, Mt. Gox obvious inside job made their money, there is really no reason or nobody who is going to pump the price anymore.

To me it looks worse and worse as the price just keeps falling.

[Silent Sam]

Last time it breached 300, it went to like 275 and swung back.  Given we are on a weekend, there maybe a delay.  See how people react on Monday.

Im not tripping,even if it goes to 0 I'm keeping my coin ,i need something to show for the 30,000 I spent. Besides,you don't lose money until you sell. Just like you don't gain either.

Well said.

[ajareselde]

The question really is why did bitcoin get so high in the first place. Now that the pumpers made their money, Mt. Gox obvious inside job made their money, there is really no reason or nobody who is going to pump the price anymore.

To me it looks worse and worse as the price just keeps falling.

so let it fall, over the time there will be more btc funds in the better hands, that can hold, and then follows uptrend.
if u want fast profits, bitcoin isnt realy the answer, well, not anymore

[fearlesscat10]

Bitcoin has died and risen again numerous times.
http://bitcoinobituaries.com/

I don't believe that we're at the bottom yet, but the price will rise once again.

Personally I'm going to start buying, but I think the bottom would be around $200. IMO we'll see it rise above at least $500 within the year.