Bitcoin Continues to Plummet | TIME

[Coinbuddy]

The digital currency is getting off to a poor start in 2015 after a rough ride last year

The price of Bitcoin dropped again this week, sliding to its lowest level since early 2013, suggesting that confidence in the contentious cryptocurrency may be shrinking.

On Tuesday, the price of Bitcoin dropped from $267 to about $224, sinking below its April 2013 value, which was before its popularity skyrocketed, according to the New York Times.

In the past year, the digital currency has been hit with myriad setbacks including market woes, fresh regulations and stagnation of usage even as transactions have increased, which in part resulted in a more than 50% drop in the price of bitcoin.

SOURCE : http://time.com/3666651/bitcoins-prices-plummet-to-2013-levels/

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[Armis]

The digital currency is getting off to a poor start in 2015 after a rough ride last year

The price of Bitcoin dropped again this week, sliding to its lowest level since early 2013, suggesting that confidence in the contentious cryptocurrency may be shrinking.

On Tuesday, the price of Bitcoin dropped from $267 to about $224, sinking below its April 2013 value, which was before its popularity skyrocketed, according to the New York Times.

In the past year, the digital currency has been hit with myriad setbacks including market woes, fresh regulations and stagnation of usage even as transactions have increased, which in part resulted in a more than 50% drop in the price of bitcoin.

SOURCE : http://time.com/3666651/bitcoins-prices-plummet-to-2013-levels/

oh, and it's not finished yet, the market has already see sub $200 btc, which is causing some to no longer see it as an opportunity to buy but a time to quit. 

On the bright side, some of the alt coins are holding their own. 

2015 will surely see massive changes in the CC space, my hope is that the industry regards safety and security more.  During the Mt Gox madness (now a full year old) I pleaded for better security, I argued for more responsible management of resources, and I asked every to demand better security.  I TOLD YOU SO! over and over again

If the market isn't safe and secure people will leave it, we can't have a system of chronic thievery and expect it to thrive.   The system can't support the plethora of ways from wallet viruses, exchange hacking, gox/moolah, to PNDs  it just can't support all of the irresponsible nonsense. 

There has got to be rewards for responsible management, there has got to be recognition of excellence, and there has got to be an incentive to do things right. 

BTC's infrastructure is worth tens of billions, but without the necessary security in place to secure funds there are just too many ways to lose your money. 

With a secure system the coin will easily see $1000 btc immediately, and climb rapidly all over again. 

Bring some integrity to the game and we all win.

[DarKSpectrE]

BTC is dead 

[Coinbuddy]

BTC is dead 

Yeah definitely 200$ is not a valuable price as it was at 1000$ at one stage

[Armis]

BTC is dead 

if it wasn't the primary means of exchange at all of the exchanges it would be dead. 

Essentially it is having a most difficult time standing on its own, it literally keeps falling. 

Even if you buy BTC with an automated service the value often drops before you can use it.

Now that so many alts are following the downward trend line instead of staking a new
path on their own, the damage to them is magnified. 

[tutkarz]

How many times one have to repeat that bitcoin price does not matter if you want to use it and there is enough liquidity? We are still building infrastructure and we are still early adopters. Everyone can enter now paying low prices and yet people are complaining and panicking.

[God Donut]

BTC is dead 

bubble is dead. Bitcoin is here to stay for many years

[Amph]

it can't plummet forever

[Armis]

it can't plummet forever

It did for the whole year of 2014.

I got out of direct investing into BTC not long into it, the downward trend was fairly in Jan to Feb of 2014.  With alt coins there was hope for the CC industry, but now that BTC is so ridiculously low it has dragged the whole industry down to a crawl. 

All of the alts have got to take more independent positions or use other more stable coins as go-betweens/intermediaries, or just create more fiat relationships.

 

[cbeast]

BTC is dead