Let's face it fellas, almost everyone who heard about bitcoin at the end of 2013 or in 2014 has loosed money on their investment. Consumers aren't really adopting it, since it really only makes sense to use it when a retailer rolls out a big discount for bitcoin users. So I think many of these people who loosed their money aren't going to be coming back for a long time, and they're feeling let down. Probably the only reason we're still above $300 is because some of them don't want to accept their loose. But, soon they will accept it, cut it, and stop loosing sleep over it.
When that happens, $300 will be behind us and we'll then see several weeks or months of prices in the $200s or even lower. This is definitely a new era for bitcoin... but not the kind that most people here were expecting earlier in the year.
When that happens, $300 will be behind us and we'll then see several weeks or months of prices in the $200s or even lower. This is definitely a new era for bitcoin... but not the kind that most people here were expecting earlier in the year.
i think those who didn't sell now are likely to hold (go down with the ship) or buy altcoins for their money which are better than bitcoin with its inflation-problem.
From my point of view it's too late to dump bitcoin. In case it keeps going down i'll sell my remaining coins for alts such as quark and the likes.
Later in 2015 you will see coins go up to large marketcap - maybe next year already we can see one or two coins surpass bitcoin - panic will be great then amongst the big bagholders. I think in early 2016 we'll be getting a lot markets on exchanges with other basecurrencies than bitcoin in case things happen as i see them happen.
In late 2016 you'll hear about the ATM-machine producers they provide new software and all bitcoin atm's will switch over to a new coin with as little effort as a software update. Merchants will accept that coin too. In 2017 and 2018 merchants will stop accepting bitcoin then while it hovers around 1$ a coin and that's the end of it then.
Would bitcoin not have had this inflation and other problems to surpress price; people would have adopted it much faster. Right now it's the thing you DON'T recommend to your friends anymore.
exactly! just like those perma-bulls keep calling $1000 $900 $800 .. $400 $300 $200 .. $1 as the new bottoms!
old days are coming back, same is the old price ($3 or whatever) you miss so much
if it goes down to 1$ it will go to 10 cents too, so no need to hurry to buy.
