Has it been so bad before?

[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.