Has it been so bad before?

[backonEarth]

And a few days later my investment almost got halved. True, I bought for 1000€ bitcoin without any real economical knowledge or whatsever but still. After Bitstamp came back (just bought before) I thought things will change in a good way. But perhaps Bitstamp better could have died, at least I'd have left by then.

When I go out just before there is 500€ left for me, has the speculation forum seen these dark days before? Is there any hope or did I just participate in the deathblow of the bitcoin, at least the bitcoin value that is. Thanks. (and yes, it was a hard lesson for me and i feel really bad for those people who lost even greater amounts)

[Meuh6879]

Yes.

[ssmc2]

Worse.

[Sakarias-Corporation]

And a few days later my investment almost got halved. True, I bought for 1000€ bitcoin without any real economical knowledge or whatsever but still. After Bitstamp came back (just bought before) I thought things will change in a good way. But perhaps Bitstamp better could have died, at least I'd have left by then.

When I go out just before there is 500€ left for me, has the speculation forum seen these dark days before? Is there any hope or did I just participate in the deathblow of the bitcoin, at least the bitcoin value that is. Thanks. (and yes, it was a hard lesson for me and i feel really bad for those people who lost even greater amounts)

things will turn out great in the end. hold on to your bitcoins and you'll see. be patience.

[insidertradingeverywhere]

Bitcoin certainly has a problem but crypto isn't over yet. Expecting altcoin to rise to the top coming months.

[fcmatt]

oh this is nothing yet. u have to let the buyers as of today to lose 75% before it can be called worse

[backonEarth]

things will turn out great in the end. hold on to your bitcoins and you'll see. be patience.

Ok, but I'm out when it hits 125€ anyway. Not really eager to wait a few months/years first.. And if it revises which I still hope then, bitcoin can never die .

[poncho32]

Worse.

Did you go through the 2011 crash?

[knight22]

Yes

And

Yes

[BrewCrewFan]

Worse.

Did you go through the 2011 crash?

I wasnt but boy I had wished I had scooped up some nice coin when I found out about it and that was right before the climb to the high back then in the mid 200s. Many things have changed even from the time I got intrested till now, and that is only a few years.

[bassclef]

Reminds me of the crash from $1200 to $500 then to $350. Lots of fear (and plenty of trollin') to go around then.

[timpatrick12]

things will turn out great in the end. hold on to your bitcoins and you'll see. be patience.

Ok, but I'm out when it hits 125€ anyway. Not really eager to wait a few months/years first.. And if it revises which I still hope then, bitcoin can never die .

Why would you sell when it reaches 125 and lose that much money? That's insane.
But if you do, more cheap coins for me I guess. I just don't understand the fear-based sell thought process - it defies logic.

[Einewton]

When I started to get into BTC in 2011, it went from $30 to $2..

That's like us going from $1,000 to like ~$90 on a % scale wise... So yeah, Much worse.. :p

[cypherdoc]

Worse.

much worse

[cypherdoc]

When I started to get into BTC in 2011, it went from $30 to $2..

That's like us going from $1,000 to like ~$90 on a % scale wise... So yeah, Much worse.. :p

it actually touched 1.98 which was scary as hell b/c everyone thought it broke resistance and was headed at least to 1.00

[Morecoin Freeman]

When I started to get into BTC in 2011, it went from $30 to $2..

That's like us going from $1,000 to like ~$90 on a % scale wise... So yeah, Much worse.. :p

Respect for still being around.

[Bobsurplus]

The sky is indeed falling.

[okthen]

When I started to get into BTC in 2011, it went from $30 to $2..

That's like us going from $1,000 to like ~$90 on a % scale wise... So yeah, Much worse.. :p

it actually touched 1.98 which was scary as hell b/c everyone thought it broke resistance and was headed at least to 1.00

But wasn't the descent much faster? This one is taking more than one year...

[seoincorporation]

And a few days later my investment almost got halved. True, I bought for 1000€ bitcoin without any real economical knowledge or whatsever but still. After Bitstamp came back (just bought before) I thought things will change in a good way. But perhaps Bitstamp better could have died, at least I'd have left by then.

When I go out just before there is 500€ left for me, has the speculation forum seen these dark days before? Is there any hope or did I just participate in the deathblow of the bitcoin, at least the bitcoin value that is. Thanks. (and yes, it was a hard lesson for me and i feel really bad for those people who lost even greater amounts)

things will turn out great in the end. hold on to your bitcoins and you'll see. be patience.

Im holding, hold is the key now.

[Einewton]

When I started to get into BTC in 2011, it went from $30 to $2..

That's like us going from $1,000 to like ~$90 on a % scale wise... So yeah, Much worse.. :p

it actually touched 1.98 which was scary as hell b/c everyone thought it broke resistance and was headed at least to 1.00

But wasn't the descent much faster? This one is taking more than one year...

History repeats itself, but not in the same exact way/timeline.

[goldsun]

I really dont get it. Why is the price falling?

Arent people buying bitcoins as before? All the people who said bitcoin will rise when more people accept it have been prooved wrong.

[Einewton]

It'll rise, just not right now.. lol

[mccoyspace]

These answers are disingenuous. Yes, in terms of percentage the price would need to approximately halve once again to equal the drop in 2011 but the total value (in dollar terms) of the Bitcoin economy was a fraction of what it is now.

People are hurting big time now because something like 3.5 billion dollars of purchasing power has evaporated over the last year.

Nothing like that has ever happened before with Bitcoin. So no, it has never been worse.

[okthen]

When I started to get into BTC in 2011, it went from $30 to $2..

That's like us going from $1,000 to like ~$90 on a % scale wise... So yeah, Much worse.. :p

it actually touched 1.98 which was scary as hell b/c everyone thought it broke resistance and was headed at least to 1.00

But wasn't the descent much faster? This one is taking more than one year...

History repeats itself, but not in the same exact way/timeline.

I wonder if this is a much more overstretched bubble, maybe we'll have a flat 2015, slow rise in 2016 and new ath in 2017. THAT would be a true test for hodlers!

[Einewton]

When I started to get into BTC in 2011, it went from $30 to $2..

That's like us going from $1,000 to like ~$90 on a % scale wise... So yeah, Much worse.. :p

it actually touched 1.98 which was scary as hell b/c everyone thought it broke resistance and was headed at least to 1.00

But wasn't the descent much faster? This one is taking more than one year...

History repeats itself, but not in the same exact way/timeline.

I wonder if this is a much more overstretched bubble, maybe we'll have a flat 2015, slow rise in 2016 and new ath in 2017. THAT would be a true test for hodlers!

Quite possible... Also we have the BitCoin Halving in 2016 that could also have an effect.

http://bitcoin.stackexchange.com/questions/30344/when-will-next-halving-events-occur

[BaselessBitcoin]

We will see another rally. It is possible that it is 6months or greater from now but in the end btc will be up.

[poncho32]

I'm sure people felt there was no hope when they saw the price crash from $32 to $2. Plenty of people must have sold up and got out then. Perhaps history will repeat itself and those who sell up now will regret it in years to come.

[BaselessBitcoin]

I'm sure people felt there was no hope when they saw the price crash from $32 to $2. Plenty of people must have sold up and got out then. Perhaps history will repeat itself and those who sell up now will regret it in years to come.

Exactly.

[3x2]

Welcome to BTC world, it was always like this.

[Christ is King]

The bears are just getting desperate. It's probably one or two guys who are shorting bitcoin and have set up dozens of alternate accounts to spread FUD.

[HarmonLi]

It's been even worse before! Back in September 2011 the price basically crashed within days sooo freaking severely, I bet a lot of people almost turned to stone. We'll have to see if the recovery continues. If so, we may now have entered a bull market again, otherwise we will likely revisit $150 for a double-bottom or maybe double digits!

[BaselessBitcoin]

The mood of the forums goes with the markets. Pay attention to investment, news and adoption and you can make your choice.

[Richard Branson]

The bears are just getting desperate. It's probably one or two guys who are shorting bitcoin and have set up dozens of alternate accounts to spread FUD.

No offense, but the price does not move with buys from poor beggars here.
Trollposts and FUD does nothing to the bitcoin price.

Deal with it. Posting CCMF and BUY BUY BUY won't help either.

[sgbett]

When I started to get into BTC in 2011, it went from $30 to $2..

That's like us going from $1,000 to like ~$90 on a % scale wise... So yeah, Much worse.. :p

it actually touched 1.98 which was scary as hell b/c everyone thought it broke resistance and was headed at least to 1.00

But wasn't the descent much faster? This one is taking more than one year...

History repeats itself, but not in the same exact way/timeline.

I wonder if this is a much more overstretched bubble, maybe we'll have a flat 2015, slow rise in 2016 and new ath in 2017. THAT would be a true test for hodlers!

CHALLENGE ACCEPTED!

[HarmonLi]

When I started to get into BTC in 2011, it went from $30 to $2..

That's like us going from $1,000 to like ~$90 on a % scale wise... So yeah, Much worse.. :p

it actually touched 1.98 which was scary as hell b/c everyone thought it broke resistance and was headed at least to 1.00

But wasn't the descent much faster? This one is taking more than one year...

History repeats itself, but not in the same exact way/timeline.

I wonder if this is a much more overstretched bubble, maybe we'll have a flat 2015, slow rise in 2016 and new ath in 2017. THAT would be a true test for hodlers!

CHALLENGE ACCEPTED!

Yup, good in my books! I mean a stable year (much like 2012) would be something refreshing. It would definitely be better than the slow bleeding out that was 2014. But I'd be content with another 2013, too 

[BitChick]

Unfortunately all of this feels relatively normal to those of us that have been around a couple of years.  I think the hardest thing this time around is the fact that I thought somehow things would change.  Bitcoin has been around longer right?  MTGox is gone.  We have more security. There are more people involved so we should have less volatility.  These are the thoughts behind my rationale that we would no longer be able to fall to such low prices again.  Sigh.  Oh well.  Maybe after the next bubble cycle. 

[BitChick]

It's been even worse before! Back in September 2011 the price basically crashed within days sooo freaking severely, I bet a lot of people almost turned to stone. We'll have to see if the recovery continues. If so, we may now have entered a bull market again, otherwise we will likely revisit $150 for a double-bottom or maybe double digits!

Back then I would think that people knew that they were "gambling" more with something so new though.  Perhaps it should have been a little less shocking then?  At least that is what I figured.  Even when I joined the "party" in 2013 I was aware of the volatility and even warned we would have some bubble cycles, and was aware that there were risks involved so it didn't really come as a shock.  Now, however, it feels like we should be more "secure" with all the new developments in place.   

[cbeast]

It's been even worse before! Back in September 2011 the price basically crashed within days sooo freaking severely, I bet a lot of people almost turned to stone. We'll have to see if the recovery continues. If so, we may now have entered a bull market again, otherwise we will likely revisit $150 for a double-bottom or maybe double digits!

Back then I would think that people knew that they were "gambling" more with something so new though.  Perhaps it should have been a little less shocking then?  At least that is what I figured.  Even when I joined the "party" in 2013 I was aware of the volatility and even warned we would have some bubble cycles, and was aware that there were risks involved so it didn't really come as a shock.  Now, however, it feels like we should be more "secure" with all the new developments in place.   

Sure, some people try casual dating with Bitcoin and if it doesn't work out, they move on. Some people just fall head over heels crazy about what it is and represents. They are the ones that stay in it for the long haul.

[Lauda]

We have lived through more than 20 Bitcoin "deaths" at least.

[TimeIsARiver]

One thing that I do think is unprecedented is this; the price has now fallen below the bubble-before-last's peak. I don't think that's happened before.

[sandykho47]

It already happen a lot already
So, that's why i never advise anyone to have BTC as investment

And maybe we'll see another bubble in few months

[elephantas1]

It already happen a lot already
So, that's why i never advise anyone to have BTC as investment

And maybe we'll see another bubble in few months

why are you on this forum if you dont want to have it and dont want others to have it

[harkonnen]

things will turn out great in the end. hold on to your bitcoins and you'll see. be patience.

Ok, but I'm out when it hits 125€ anyway. Not really eager to wait a few months/years first.. And if it revises which I still hope then, bitcoin can never die .

If you don't have a discipline to hold for at least 5 years, you should get out now for your own good. Bitcoin investment is more volatile, and riskier than stock investment.

[harkonnen]

I really dont get it. Why is the price falling?

Arent people buying bitcoins as before? All the people who said bitcoin will rise when more people accept it have been prooved wrong.

Obviously, we need more people to adopt bitcoins.
Businesses are adopting bitcoins, but they convert them to fiat as soon as they get bitcoins. This dumps extra bitcoins to the market. Miners are also pressured to dump bitcoins to the market to recoupe with their investment on mining rigs and maintenance which brings the price down further.

[okthen]

When I started to get into BTC in 2011, it went from $30 to $2..

That's like us going from $1,000 to like ~$90 on a % scale wise... So yeah, Much worse.. :p

it actually touched 1.98 which was scary as hell b/c everyone thought it broke resistance and was headed at least to 1.00

But wasn't the descent much faster? This one is taking more than one year...

History repeats itself, but not in the same exact way/timeline.

I wonder if this is a much more overstretched bubble, maybe we'll have a flat 2015, slow rise in 2016 and new ath in 2017. THAT would be a true test for hodlers!

CHALLENGE ACCEPTED!

Hahaha, good to know Same here!
Would be fun to have hodling bets. Like one would show his address, and no movements could happen between X and Y dates. If you move, you lose the bet. A way to punish damned panic sellers

[jzcjca00]

things will turn out great in the end. hold on to your bitcoins and you'll see. be patience.

Ok, but I'm out when it hits 125€ anyway. Not really eager to wait a few months/years first.. And if it revises which I still hope then, bitcoin can never die .

Ok, so let's review what you've revealed about your trading strategy so far.  You bought near the all time high, and you're planning to sell at the bottom of the crash.  So basically your strategy is: buy high, sell low.  You're not a really great investor, are you?

[BrewCrewFan]

When I started to get into BTC in 2011, it went from $30 to $2..

That's like us going from $1,000 to like ~$90 on a % scale wise... So yeah, Much worse.. :p

it actually touched 1.98 which was scary as hell b/c everyone thought it broke resistance and was headed at least to 1.00

But wasn't the descent much faster? This one is taking more than one year...

History repeats itself, but not in the same exact way/timeline.

I wonder if this is a much more overstretched bubble, maybe we'll have a flat 2015, slow rise in 2016 and new ath in 2017. THAT would be a true test for hodlers!

CHALLENGE ACCEPTED!

Hahaha, good to know Same here!
Would be fun to have hodling bets. Like one would show his address, and no movements could happen between X and Y dates. If you move, you lose the bet. A way to punish damned panic sellers

IMO, I think if they have not already left they wont leave.

[Q7]

with that amount of cash in hand, you should have bought slowly especially whenever there is a dip. But don't worry too much, even though current situation is quite fragile, anything could still happen that we cannot predict or foresee. Anyway, I wouldn't call investment go wasted. there is always a chance left.

[tvbcof]

I'd say it was worse at the end of 2011 by a fair bit.  This makes me suspicious that we've not yet seen the worst here.

[AnswerQuestion]

It's been even worse before! Back in September 2011 the price basically crashed within days sooo freaking severely, I bet a lot of people almost turned to stone. We'll have to see if the recovery continues. If so, we may now have entered a bull market again, otherwise we will likely revisit $150 for a double-bottom or maybe double digits!

Back then I would think that people knew that they were "gambling" more with something so new though.  Perhaps it should have been a little less shocking then?  At least that is what I figured.  Even when I joined the "party" in 2013 I was aware of the volatility and even warned we would have some bubble cycles, and was aware that there were risks involved so it didn't really come as a shock.  Now, however, it feels like we should be more "secure" with all the new developments in place.   

Well now there is significantly more money involved in the bitcoin ecosystem so any major drop in price is going to have a much bigger economic impact then it did previously.

In 2011 there were no mining companies, the only people mining was hobbyist miners who had purchased a bunch of video cards that could potentially be resold. Today there are billions of dollars invested in various aspects of bitcoin.

[heartastack]

Bitcoin had its chance boys and girls. Mass adoption didn't happen in the window given.

Why when the next hype around crypto occurs wouldn't money start pouring into any one of the 1000 bitcoin clones with active development?
Bitcoin's value will fall to its true value relative to all the alts. It's a race, a race to mass adoption and bitcoin had a headstart and it's fallen ass-over-tit.
Whatever attracts mass adoption it's not going to be BTC - overpiced, no real development, a sham 'foundation' that does fuck-all except funnel money, and a sour political histroy.

I should add that despite above I do weep for BTC. A first and true love in this space. But lettuce be reality.

[backonEarth]

things will turn out great in the end. hold on to your bitcoins and you'll see. be patience.

Ok, but I'm out when it hits 125€ anyway. Not really eager to wait a few months/years first.. And if it revises which I still hope then, bitcoin can never die .

Ok, so let's review what you've revealed about your trading strategy so far.  You bought near the all time high, and you're planning to sell at the bottom of the crash.  So basically your strategy is: buy high, sell low.  You're not a really great investor, are you?

It's more about selling in time before it gets to 10$ and Bitcoin doesn't recover. Last days were positive for the exchange rate but time will learn, I see a very little chance in recovering it to my buy-price for now.

[Chef Ramsay]

things will turn out great in the end. hold on to your bitcoins and you'll see. be patience.

Ok, but I'm out when it hits 125€ anyway. Not really eager to wait a few months/years first.. And if it revises which I still hope then, bitcoin can never die .

Ok, so let's review what you've revealed about your trading strategy so far.  You bought near the all time high, and you're planning to sell at the bottom of the crash.  So basically your strategy is: buy high, sell low.  You're not a really great investor, are you?

It's more about selling in time before it gets to 10$ and Bitcoin doesn't recover. Last days were positive for the exchange rate but time will learn, I see a very little chance in recovering it to my buy-price for now.

Lol, don't hold your breath. There's no chance in hell this show is over and things are just getting started before the real bull market begins. While the bulls had this coming after a year of wrong calculations, this chatter is on borrowed time. We've either turned the corner or are on the verge of doing so, flat out.

[ParabellumLite]

things will turn out great in the end. hold on to your bitcoins and you'll see. be patience.

Ok, but I'm out when it hits 125€ anyway. Not really eager to wait a few months/years first.. And if it revises which I still hope then, bitcoin can never die .

Ok, so let's review what you've revealed about your trading strategy so far.  You bought near the all time high, and you're planning to sell at the bottom of the crash.  So basically your strategy is: buy high, sell low.  You're not a really great investor, are you?

It's more about selling in time before it gets to 10$ and Bitcoin doesn't recover. Last days were positive for the exchange rate but time will learn, I see a very little chance in recovering it to my buy-price for now.

Lol, don't hold your breath. There's no chance in hell this show is over and things are just getting started before the real bull market begins. While the bulls had this coming after a year of wrong calculations, this chatter is on borrowed time. We've either turned the corner or are on the verge of doing so, flat out.

Come on, this really is stereotypical permabull behavior. Just keep both options open, as any reasonable person would do. Cultism and anything that ends on 'ism' in general is for idiots that lost their way in life.

[backonEarth]

And got out at just a bit below 300$. After the Coinbase announcement it started dropping?? Seems so illogical to me, but economics, it's nothing for me.

[Amph]

this is not even a crash compared to the 2011 one, also this crash was really slow from 1200 to current value, not a big drop in short amount of time, which could lead in to some "uninterest" from the majority of people, instead of just pure manipulation

[okthen]

this is not even a crash compared to the 2011 one, also this crash was really slow from 1200 to current value, not a big drop in short amount of time, which could lead in to some "uninterest" from the majority of people, instead of just pure manipulation

Yes, and it might lead to a healthier bubble due to this!
Though, like food, healthy is often less exciting...

[infofront]

this is not even a crash compared to the 2011 one, also this crash was really slow from 1200 to current value, not a big drop in short amount of time, which could lead in to some "uninterest" from the majority of people, instead of just pure manipulation

Yeah, I don't think the 2011 crash was comparable at all.

Just in terms of sentiment, I remember the boards filled with complete despair and a good amount of fear. I would sum up the sentiment of the boards in this crash as disappointment with a sprinkle of fear.