Call me crazy

[Bitcoinpro]

But Bitcoin seems to hold the same damn P2P utility at $200 as it did at $1000 or $3. 

What crash?

as the price goes up it gains more utility per coin

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[umairsaleem]

as any bubble, Bitcoin is goin down. it's something normal.

Bitcoin is on since 5-6 years ago. Only 1 MIL users worldwide including China. This is a fact.

There are no newcomers and that's why the price is falling. It will fall much more when the big exchangers will start selling their Bitcoin.

You think Bitcoin has 1 million users ? I don't think so.... This is the users number of the Apple Pay.

Bitcoin is 5 years old and Apple Pay is less 1 years old while obviously Apple Pay beaten Bitcoin now. Why? This is a Big Question.

[Mitchell]

Bitcoin is 5 years old and Apple Pay is less 1 years old while obviously Apple Pay beaten Bitcoin now. Why? This is a Big Question.

How is that a big question? Apple is well known and used a lot, Bitcoin is still something new.

[BitCoinNutJob]

calling you crazy is an insult to crazy people, happy?

[digicoinuser]

as any bubble, Bitcoin is goin down. it's something normal.

Bitcoin is on since 5-6 years ago. Only 1 MIL users worldwide including China. This is a fact.

There are no newcomers and that's why the price is falling. It will fall much more when the big exchangers will start selling their Bitcoin.

You think Bitcoin has 1 million users ? I don't think so.... This is the users number of the Apple Pay.

Bitcoin is 5 years old and Apple Pay is less 1 years old while obviously Apple Pay beaten Bitcoin now. Why? This is a Big Question.

A lot of people I talk to about Bitcoin always bring up the point that Satoshi is gone/AFK/dead/missing.  I could bet Apple Pay is big only because of the consumer confidence that the Apple brand generates.

The majority doesn't want to invest in something where the creator doesn't stand behind their idea/product and they understand that others (not the founder) are leading the development.  They feel that Satoshi abandoned it for some specific reason, even though they know nothing about Bitcoin.  I'm not sure if it's investors intuition or just the fact they don't have any consumer confidence for Bitcoin, even though it may be incorrect for them to think that way.

[crypto97]

Bitcoin is at the mercy of the market, just like oil, gold, or fiat currencies.
You should expect to have some ups and downs. When the price of gold goes down, do we stop taking it out of the ground?

[wickedgoodtrader]

You should expect to have some ups and downs. When the price of gold goes down, do we stop taking it out of the ground?

Actually yes. When miners can't pay their bills they shutdown shop and oncoming supply stops. The problem with bitcoin is the price falls and many miners have to close up shop, but the new supply keeps coming on. thus reducing prices even further.

[alani123]

bitcoin companies are only gonna close shop, right?

Bitcoin companies are smart enough to minimize the risk from their side. Really few companies are dependent on bitcoin's price to be profitable. The ones that don't can simply reshape their business model to remain safe, take a look at cex.io. They're now an exchange after halting their mining service.

[Gleb Gamow]

If you can keep your head when all about you
  Are losing theirs and blaming it on you,
If you can trust yourself when all men doubt you,
  But make allowance for their doubting too;
If you can wait and not be tired by waiting,
  Or being lied about, don’t deal in lies,
Or being hated, don’t give way to hating,
  And yet don’t look too good, nor talk too wise:

If you can dream—and not make dreams your master;
  If you can think—and not make thoughts your aim;
If you can meet with Triumph and Disaster
  And treat those two impostors just the same;
If you can bear to hear the truth you've spoken
  Twisted by knaves to make a trap for fools,
Or watch the things you gave your life to, broken,
  And stoop and build ’em up with worn-out tools:

If you can make one heap of all your winnings
  And risk it on one turn of pitch-and-toss,
And lose, and start again at your beginnings
  And never breathe a word about your loss;
If you can force your heart and nerve and sinew
  To serve your turn long after they are gone,
And so hold on when there is nothing in you
  Except the Will which says to them: “Hold on!”

If you can talk with crowds and keep your virtue,
  Or walk with Kings—nor lose the common touch,
If neither foes nor loving friends can hurt you,
  If all men count with you, but none too much;
If you can fill the unforgiving minute
  With sixty seconds’ worth of distance run,
Yours is the Earth and everything that’s in it,
  And—which is more—you’ll be a Man, my son.


----Rudyard Kipling

May I call you a poet, sir??

Only If...

[promojo]

Keep in mind this is not just because of people selling... This can be mostly blamed on the day traders and margin traders....

[crypto97]

Mining is getting cheaper and cheaper. Soon you could do it out of your garage!

[Ovum]

This is one of the best topics today, it still holds the exact same utility!

Yes, but whilst we can argue price doesn't really matter the value of the coin is what ultimately makes the miners keep on mining and without them there is no bitcoin or blockchain and that is something to keep in mind.

Nop, that is not true, as long as there are some miners, bitcoin keeps on going. The difference is that the difficulty drops. So it's easy to find bitcoins.. so they find more blocks.
Percentage % of the network is what matters.

Less miners smaller network.. no worries.

[dmugetsu]

price doesn't really matter,but the value of the coin is what makes the miners keep on mining


without them there is no bitcoin