Topic: Crash! price of BTC - page 2. (Read 2910 times)

Whats the main reason of crashing ?

I think it won't go under $300. China killed the price recently.

I believe the lowest we will go is $250. Don't quote me on that, it is a wild guess. I am as surprised as most, to see it dip below $400.

That's up to you, you are acting like "you watch only Fox news and believe it and don't give a shit about other news channel"
Another reasons of why there are so many ignorant in the world.


Selling drugs is illegal period. unless there is a permitted license and for medical use.
This is the law of the United States, if you don't like it go travel somewhere else, if you live in a country then you should follow the law of that country period!

Are we professionals? And it's only an insult if you do need babysitting. Do you need it? And what do I need to prove wrong exactly?

I also want to add this,

Most people aren't really worried about the drop in price because they aren't holding too many BitCoins, so what if someone in US lost 100 bucks in BitCoin? that's why they are fighting any opinion that disagree with BitCoin because they aren't carrying much loss.

However those who have too many BitCoins, then it is a different deal.

What I wanted to add here really is: BitCoins right now is stuck "on the border" which the worse that can happen for any business. it is not advancing to be the currency we are looking for so we can celebrate the success, and at the same time it is not failing and dropping to zero so people can get out of it and forget about it.
BitCoins right now is only a mean to trade, something to keep people busy using the exchange website and trade with it.

Off course which in result, it is dragging people appetite between the hope of becoming rich someday, while those traders are taking advantage of it by buying and selling BitCoin.

If BitCoin was a stock, well Satoshi could have said that from the start, but it isn't meant to be a stock, but right now it is a stock that is just meant to keep people busy trading 24 hours.


 

right cause selling drugs over the internet is wrong, right McGruff?

Yeah I realized that a day or two ago.

I've got him on "ignore" now.

Just so you know, that answer was completely unprofessional, just because you can't prove me wrong or you don't have much to say there is no need for insult.

Protect yourself and make yourself secure. You don't need a nanny to hold your hand or babysit you, do you?

I am not, I am having an opinion,
I don't mind using BitCoin but I want to know I am protected and secure, what's wrong with that?

it's going down to $200 won't be up to $1000000 for another 4-5 years (yes it's that volatile)

You seem to have an alternate agenda.

Now I am not, I had some that I bought, but I sold them today, waiting to see what will happen.
However I am trying to look at the bigger picture, I don't want just to be blurred, I want to see reality.

So Crapman was just an anti-Bitcoin troll all along?

I think people like BitCoin because unlike traditional trading that closes by 4 or 5pm, BitCoin trading stays 24 hours!

So it is not for the love of using it, but for the love of finding a new trade to make money 24 hours.

Your eyes are blurred by BitCoin since you don't make sense if more than half of what you said.

I said BitCoin is cash, people always used cash, but also people but cash in bank to protect it and they can use their debit cards.
1- if your debit card is stolen then you are protected by the bank, my friend here in US her card info was stolen by someone in China and he spent her money on a british and a Swedish websites, GUESS WHAT? they gave her back every single cent that hacker spent. Such thing can not be happened with BitCoin, if your BitCoin is stolen then they are gone!
2- when I go to the cashier to buy soda for $2, I give her $20 cash and she give me back $18 (No Transaction Fee).


You know which Neighborhood is bad and which one is good. Here is news for you: the more drug dealers succeed in transferring money the more neighborhood they invade and the more strong they are!
http://miami.cbslocal.com/2014/02/06/two-charged-in-bitcoin-money-laundering-scheme/


BitCoin is not cash, it is not cash, never, not will be. As long as there is a transaction fee, then it is not Cash. people chose to put Cash money in banks and pay transaction fee to protect their cash. So basically Bitcoin is a mobile wallet in term it is a mobile bank where you are the bank and not someone else!
Then you don't need police, you go hold a gun and stay up day and night to protect yourself from trespassing and fraud and drugs...etc, why do you sleep safe at home? because there is someone else protect you!

Deposit money at an exchange, bullshit, it is the most stupid way to do it, you gave your tax declaration? how about a Chinese? or Vietnamese? or Al-Qaeda: they probably are transferring money from country to another right now and funding all kind of crap!

I don't have to lose my cash, I don't lose it cause I don't carry cash, it is in my bank, if I need to buy something I use my card, if my card is stolen then my money is protected by the bank. I have so many times my bank call me or send me an email asking me of a this transaction or that is legit.
You don't get the idea: if people wanted to carry cash they wouldn't have invented banks, the reason banks were invented is because people wanted a mean to protect their cash!


In order for something to be bought and sold then the average person need to understand it, it has to be easy for them to use in order to use it!
I don't care right now if I click on shit on the internet, I don't care right now if get tons of viruses on my computer, if my identity is stolen, my bank and all my credit cards are protected period! and I know my money at the end of the day will be there as it was before the hack.
While if I have my retirement paid as BitCoin with a private key: I could lose it all if someone stole my private key! there are no insurance for your money on any website that deals with BitCoin or they may insure only a small portion!


And you are wrong about my bank will let me down if I get trojan virus, this statement is completely wrong, I am protected and secure with my bank!
Only way to lose my money is if my bank file Bankruptcy and then there is the FDIC insurance.


If you use BitCoin you better know and have facebooks, if you don't know or have facebooks then BitCoin is absolutely not for you.
Another thing to prove that BitCoin is not built to be used by an average person, BitCoin system is more complicated than using facebook!


My money in my bank doesn't need algorithm, at least not on my part, and my money is secure there. I put a thousand or 100 thousands in my bank, I am good and protected, but to put 100 thousands in a wallet that it's key will not only be stolen but if it is gone then it is gone forever? this is insane!


Another inaccurate statement: people are putting money in BitCoin knowing it is completely risk BUT hoping that someday (the big dream) it will become worth a million dollars and then cash it out and go live in Hawaii!
Having BitCoin carries too much risk, too much too much risk.
http://www.technologyreview.com/view/526161/the-troubling-holes-in-mtgoxs-account-of-how-it-lost-600-million-in-bitcoins/
Over 650 million dollars were gone! not because of the user!!!!!! but even worse, because of the website and where is the money??? IT IS GONE! BYE BYE
For the first time in internet life you are putting billions of dollars out there online for the hackers to look for!
Before the hacker would be so happy to hack 10 bucks, now it is billions out there!
For 10 bucks a hacker would work little bit hard, for billions a hacker would stay up day and night to find a way to rob that money! and so far they succeeded with about a billion dollars (including MT GOX).


It has a lot to do with Tax too, people aren't reporting it, they are staying anonymous and make money from trading and then they claim unemployment and shit and get food stamps and crap and my tax pay for their shits!


Your only a dreamer and your eyes are blurred so you don't want to see reality. Again I wish I would be wrong and things are different, but day by day I realize it is not worth it. Simply BitCoin is not worth it, it is just more headache you have to worry about just to use it as cash (which is not cash since there is transaction fee), I can carry my own cash or even better my debit card which right now every single store in US deal with those debit and credit cards!

FYI, BitCoin was found for merchants and not the average user (because of no double spending and no cards rejects), so really the average person is very protected with bank and he doesn't need to use BitCoin, However it might be a different deal for the merchant if the merchant is willing to accept all the risk!

Epic post is epic, and I agree with pretty much all your points, so well done, sir. +1 internets to you.

Cash. Noone helps you if you lose it. It is yours to protect.



https://en.wikipedia.org/wiki/History_of_banking


I dont check the neighborhood. I know which parts of the city are "good" and which are "bad". Why? My parents/peers/friends/etc. taught me.


There will allways be crime. Its not that there is more crime because "bitcoin". Its just another way to pay, like cash, like it was intended.


Have you had an account at an exchange? I dont think so. I gave them my tax declaration, but it was to old (merely 8 month), so I had to get an official proof of residence in order to do trades. It is easier to get an apartment room than to trade bitcoins at an exchange.


If you lose your cash, it is gone. If you dont take care of your things, it is not the fault of those things. It is your fault.


If that is true, the "average person" needs to learn how to use the internet. The internet is not a green garden where everyone is nice and friendly. The internet is like the world out there. You find nice people, you find bad people, you find morrons and smart people. Youll get robbed in most major cities if you are drunk in a train and look like money. You might get a deadly disease if you touch the wrong things.


Many people need to learn. You like banks so much, dont you? If you get a trojan your bank does not protect you when your money is gone. Its your fault. If you creditcard gets stole you are lucky because everyone knows they are not safe. Get your ATM card stolen? Your problem, you shouldnt have told someone else your PIN. Thats how banks treat you. You have to prove(!) that you didnt not reveal your secret. Thats impossible.


Who would go to a bank and ask if they would handle their bitcoins?


I dont have a facebook account, so I am not allowed to use the internet now? Also even facebook allows anonymous users, they dont like it, but its not like they going to stop you.


Ofc, no security algorithm is perfect. That does not mean that bitcion is insecure.


People are putting money into bitcoins and they dont seem to treat them as "too risk"... I dont know where you get those ideas...



Bitcoin has nothing to do with "not paying taxes", bitcoin is a way to pay online without paypal or all that other crap out there. No chargebacks, no bullshit, just pay and go, like in a store paying with cash.

Rodney King payed taxes. Its not all black and white, most of it is gray.

Its the chinese deposits on the chinese btc exchange thats stopped. Like someone mentioned above me. But outside from that its been sliding down since the heart bleed bug as well, which paused bitstamps as well.