Does $280 makes you hope again?

[resya]

I am not hoping anymore, it's not looking good at all. Bitstamp has just got hacked mate. How is crypto going to succeed if even a company like bitstamp cant control its money?

[cryptocult live]

super-longterm-trend is broken. Early adopter bagholders asking in threads if they should dump. Permabulls admitted to secretly shorting while singing you the song of 10k$ a coin. Buypressure is gone. The problems in bitcoins design have become apparent and everyone is in denial of the facts because they need to unload their bags preferably at a higher price. Don't be the last one holding the bag when the music stops!

[cbeast]

THE HEAVY INFLUX OF BEARTARDS AND BEARTROLLS IS BULLISH!

[homo homini lupus]

THE HEAVY INFLUX OF BEARTARDS AND BEARTROLLS IS BULLISH!

a blind man can see: trend is down

baghold harder!

(and use RED letters next time!)

[inca]

THE HEAVY INFLUX OF BEARTARDS AND BEARTROLLS IS BULLISH!

a blind man can see: trend is down

baghold harder!

(and use RED letters next time!)

Meanwhile following a double bottom and a year long bear market short interest is at an all time high.

Keep shorting retail.

[asdlolciterquit]

Hi, where'd you go? You seemed to have stopped your rampage of repetitive trolling for a while!

 Happy New Year!

but he have only 6 posts!

he used an other account before?

[dinofelis]

Don't be ridiculous-- he never intended a handful of factory megamines to burn more electricity than aluminum smelters.  That's not distribution--that's called a cabal

There is some truth in that, and the reason is that the price of bitcoin rose way way too fast the last few years.  In fact, bitcoin is somehow victim to its own success.  At inflation rates of 10%, the market cap shouldn't have been in the billions.  The fundamentals of bitcoin are at this moment still in the single or double digit range (that is, merchant adoption).  The Mt Gox manipulations have pushed bitcoin's price artificially up way too much too early.  What we are now witnessing is probably a return to normal.  Unfortunately, that goes with a long price decline (from speculative heights which were totally artificial), and which give very bad publicity to bitcoin at a moment where it starts getting more visibility.
My idea is that bitcoin adoption was planned to take decades (corresponding to the inflation scheme), and that, due to manipulation and overly speculative behavior, the price rose way way too fast up to a point where the market cap had nothing to do any more with its fundamentals.

It will now take - IMO - a very very long time before it can rise significantly again, driven, this time, by its fundamentals.

[inca]

Don't be ridiculous-- he never intended a handful of factory megamines to burn more electricity than aluminum smelters.  That's not distribution--that's called a cabal

There is some truth in that, and the reason is that the price of bitcoin rose way way too fast the last few years.  In fact, bitcoin is somehow victim to its own success.  At inflation rates of 10%, the market cap shouldn't have been in the billions.  The fundamentals of bitcoin are at this moment still in the single or double digit range (that is, merchant adoption).  The Mt Gox manipulations have pushed bitcoin's price artificially up way too much too early.  What we are now witnessing is probably a return to normal.  Unfortunately, that goes with a long price decline (from speculative heights which were totally artificial), and which give very bad publicity to bitcoin at a moment where it starts getting more visibility.
My idea is that bitcoin adoption was planned to take decades (corresponding to the inflation scheme), and that, due to manipulation and overly speculative behavior, the price rose way way too fast up to a point where the market cap had nothing to do any more with its fundamentals.

It will now take - IMO - a very very long time before it can rise significantly again, driven, this time, by its fundamentals.

In a single digit range Bitcoin would have a market cap of less than 150 million dollars. Forgetting the fact that VC funding was nearly triple that in 2014 alone, according to coindesk Bitcoin is a payment option for businesses with a market cap of 180 billion dollars already. Those two numbers are not really compatible given bitcoin's 'float'.

You seem to value bitcoin solely based upon its usage as a payment rail. Which ignores it's main role as a frictionless speculative store of value, a digital asset with sound money properties.

Although it is rapidly produced as absolute fact there remains no evidence whatsoever that Mt Gox artificially pumped up the price in the last bubble. I agree the implosion has damaged public perception of Bitcoin to a degree.

Finally the market cap of bitcoin has never really had anything to do with fundamentals except perhaps at the lower bound of a crash

[Reality_talk]

In a single digit range Bitcoin
...
store of value, a digital asset with sound money properties.
...

LOL Bitcoin was the worst investment of 2014, 85% lost, it will soon be 99% lost along with this downtrend

[inca]

In a single digit range Bitcoin
...
store of value, a digital asset with sound money properties.
...

LOL Bitcoin was the worst investment of 2014, 85% lost, it will soon be 99% lost along with this downtrend

Your sums are wrong little troll.

[Paashaas]

In a single digit range Bitcoin
...
store of value, a digital asset with sound money properties.
...

LOL Bitcoin was the worst investment of 2014, 85% lost, it will soon be 99% lost along with this downtrend

Your sums are wrong little troll.

Guys dont feed the troll, hes Faillling/Fewcoins. Same typing same BS.

[picolo]

Bitcoin is a dying market because the world is not interested in it after all, even worse is that a huge inflation of 3600 new mined bitcoins have to be sold/bought everyday, in the same time more and more better 2.0 coins/platforms/techs are coming out, the whole thing is not looking good, therefore most smart investors are getting out by selling tons of coins on the market.

That's why the market price is dropping hard, during this crash, some wealthy investors would create many fake recovers with their cashing out plan in order to reduce their losses, technically speaking in bitcoin's case, they create dead cat bounces to slow your selling speed and cheat you to buy in during the crash, ie:

Lets say the bitcoin price at some point was $600, it flash crashed to $300, later it surprisingly bounced to $400 (a fake recover made by a wealthy investor who is waiting to get out but still has the ability to partially control the market, most of you will think the downtrend stops at here, it would go up soon, so you couldn't wait to buy), soon as enough people bite at the bait, BOOM! $200 it is.

The question is: Does $280 makes you hope again? or should say Are you ready to get scammed again when the music stops?

The bear will say it is a dead cat bounce. We will know more when Bitstamp reopens.

[NotLambchop]

... We will know more when if Bitstamp reopens.

FTFY

[Net5kY]

I try not to invest too much in abandoned beta projects.  What's it up to now?  0.10.0rc1 after 6 years? 

Whats difference if it would be 10.0 or 0.10?

The difference is 9.9.  Protip: Don't use beta software for critical applications.

Thank you captain obvious, it was irony.. Doesn't matter what is version number, it could be 451234rc1 too..

[asdlolciterquit]

In a single digit range Bitcoin
...
store of value, a digital asset with sound money properties.
...

LOL Bitcoin was the worst investment of 2014, 85% lost, it will soon be 99% lost along with this downtrend

Your sums are wrong little troll.

so, tell us, what is the worst investment of 2014?

sadly, i think he was right

[NotLambchop]

I try not to invest too much in abandoned beta projects.  What's it up to now?  0.10.0rc1 after 6 years? 

Whats difference if it would be 10.0 or 0.10?

The difference is 9.9.  Protip: Don't use beta software for critical applications.

Thank you captain obvious, it was irony.. Doesn't matter what is version number, it could be 451234rc1 too..

Teh "rc" in the version number stands for "Release Candidate."  That, my friend, spells Beta with a capital F (which, in turn, stands for "failed to get out of beta after 6 years").

[geforcelover]

and its coming down again which makes me cry :* ( +_+ hop3 it get back to 1k  

[Net5kY]

I try not to invest too much in abandoned beta projects.  What's it up to now?  0.10.0rc1 after 6 years? 

Whats difference if it would be 10.0 or 0.10?

The difference is 9.9.  Protip: Don't use beta software for critical applications.

Thank you captain obvious, it was irony.. Doesn't matter what is version number, it could be 451234rc1 too..

Teh "rc" in the version number stands for "Release Candidate."  That, my friend, spells Beta with a capital F (which, in turn, stands for "failed to get out of beta after 6 years").

I know, so what? Google Gmail had beta status for nearly 6 years too, until 2009.

[NotLambchop]

I try not to invest too much in abandoned beta projects.  What's it up to now?  0.10.0rc1 after 6 years? 

Whats difference if it would be 10.0 or 0.10?

The difference is 9.9.  Protip: Don't use beta software for critical applications.

Thank you captain obvious, it was irony.. Doesn't matter what is version number, it could be 451234rc1 too..

Teh "rc" in the version number stands for "Release Candidate."  That, my friend, spells Beta with a capital F (which, in turn, stands for "failed to get out of beta after 6 years").

I know, so what? Google Gmail had beta status for nearly 6 years too, until 2009.

Not quite 6 tho.  Bitcoin's a clear winner!

[picolo]

and its coming down again which makes me cry :* ( +_+ hop3 it get back to 1k  

The price will likely come back to 1K in 2015. Right now we need to solve the bitstamp problem.