Topic: Bitcoin slowly dying out? (Read 8423 times)

Looks like I was right afterall??

We had a 5 year bull market..... maybe a long term bear market makes sense..... I mean, can't be that easy to get rich, can it?

Some people see it as an investment opportunity, but maybe that's not the feeling of the majority of the speculators

If Bitcoin reaches $1, it will also be the end of Bitcoin. It will only reach such low levels if it fails. I guess $260 is the bottom after which it has to bounce back and when it does there's no stopping it

I'll only be worried when Bitcoin hits $1.

The minor price movements are speculators day trading

We should stop replying this thread. It's like big FUD on the title.
Everybody is slowly dying out, like you and me. The question is what will Bitcoin thrive and evolve, even reborn with whole new 2.0 and side chains stuff.

The problem is that the price need to stay on a slight upward trend for miners. Next halvening is in 2016. Very difficult to say what will happen. But I guess that once the inflation will be a bit lower, the trend might invert if there is more and more people to use Bitcoin.
Don't forget about the $ gaining value as well.

That might be top 3 favorite quotes on this board.

Come back from where? It never went anywhere. Bitcoin is here, way stronger that was 10 months ago. So much progress that was made in last 10 months was never done in past.

If you focus only on price, it is so.

This post actually hits the nail.

What I think is that Bitcoin was way overpumped in 2013 by speculators, willy-bot and China jumping in. No wonder price came this low now, can't say I expected that, I was thinking it will float around 450 USD for some time before next bullrun. Now I'm not sure and even two-digit value is possible.

What I don't doubt is, if Bitcoin stays here technically, there can be 10x bullruns because of all the good things it offers compared to fiat economy. Imagine for example some worldwide financial crysis hits in 2016, along with block-reward halving? With built infrastructure than can receive amounts of fiat needed, that would be enough for another bubble, not even big money is needed. I've read about some predictions that 2016 will be the year of great recession, certanly not for Bitcoin then.....

I agree with Mr. Big.

I'm a BTC newbie, and I see that:

(1) BTC is not truly anonymous, even if you run a heavy wallet

(2) it took 44 hours for me to install the heavy wallet Armory, that's too long

(3) I switched to the light wallet Multibit, and an online wallet at blocckchain.info, but I found out you cannot do 'microtransactions' easily in bitcoin.  I though you could send less than a dollar (USD) easily but you cannot, in fact with one transaction you lose half your principle (1 mBTC), see this post:  https://bitcointalksearch.org/topic/help-me-uderstand-di-bitcoin-transaction-please-840432

Long story short:

BTC is not really anonymous; switching to a light wallet like Multibit is even less anonymous, and BTC has too many transaction fees for microtransactions.

I hear they are proposing to raise even higher the minimum transaction fee from 0.10 mBTC, which will further hinder doing microtransactions.

TonyT

The interview does not suggest that at all. This ex regulator stresses how exciting the blockchain technology is, but also stresses that retail investors need to be protected from btc value volatility.  He is more likely to call for the ETF to be blocked than supported.

What I always find most remarkable about BTC trading action is the unbelievably limp volume. In stocks or forex this is just pocket lint. Understandably big money investors and Wall St. avoid this unregulated and scam-ridden marketplace and its primitive and sleazy infrastructure.

Do you have any proof of this? Everyone is saying that BTC is being bought up like hotcakes off exchanges through localbtc, wall street, VCs, gabi $200 million(600k+ btc at current price), etc. Now you're suggesting that even exchanges are selling off-exchange? I'm skeptical.

Do not Bitcoin speculate with borrowed money. Do not Bitcoin speculate with money you need in the short term.

I consider the money I put into Bitcoin as a sunk cost. I occasionally alternate between fiat and BTC using around 5-10% of my coins. I do not put more Fiat in and i do not take Fiat out. If i rum out of fiat - i sell some btc to give me a gambling fund. I dont trade often (maybe a few trades per month) - but my long term goal is to be all in BTC and increase the BTC I hold.

i can assure you that the thinly traded volume and price traded on some exchanges is only part of the picture. account managers at some exchanges use the KYC/AML  to directly contact larger buyers/sellers(100+ coins) and put together off-exchange deals - even though the exchange is still the broker. Do not be fooled by the volume and the fact that small amounts of money can affect the price.

Wall street traders ARE here, and they are taking advantage of this unregulated market to make money in terms of both Fiat and Bitcoin.

Bitcoin is special. It isn't going anywhere and if you think the price is going lower then sell some of your coins and try to buy them at a lower price point. Dont throw more money at it - unless you are DCA buying a small amount each month as a long term investment. I also believe many of the current holders are selling to find a buy back point and grow their stash whilst minimising their risk of 'going to zero' or seeing their dollar value diminish too greatly.

Time to buy. It is clear from this interview that the ETF will be approved.

http://www.bloomberg.com/video/arthur-levitt-on-sec-s-edgar-filing-system-and-bitcoin-YVtI25q8Tn~vJ2NWIawrpw.html

i hope the prices drop till $100 so I can re-course my mistake 1 year ago. If it doesnt whatevers, as long I have plan to get more bitcoin right.

Yeah, and the Draugr are also known for their intellectual might. I mean come on, Joe Sixpack is levelling maybe one or two above orangutans and baboons.