Topic: [POLL] Is bitcoin starting to drop? (Read 1574 times)

More rapidly than -50% in two days? I don't think that it can get more rapid than that. The thing is what's going to happen from now on.

That might be a little tough, but making a debit card that takes charges your coinbase account (or whatever) would be just as good!

That works. I am glad people are able to work for BTC.  Now if only my if local stores accepted it. Maybe one day.

Ya, well im not much of a trader. To tell the truth, I dont know the skills of trading. Ill stick with making BTC through advertising!

Bummer.    I think Dice is designed for loss.   Start trading in Altcoins instead. You'll have a much better chance of winning and losing less. Trading Altcoins is a much better way to gamble BTC. 

Bet when it low. Sell when it's high. 

gonna keep dropping i think. maybe a few hundred bucks more to go. 

I don't think it can go below $600 again because too people many know they can double their money in a few months.

Unless they haven't been watching Bitcoin for long.

No, as in Just-Dice.

You've lost 1.3 BTC betting as in day trading?

These past couple of weeks feel like April to me. I started hearing for the first time about it then when the price cranked up to $250 and after a week or two fell back to around $100 (still higher than the previous high from a few months before that). I actually researched it back then and thought it had promise, so I got an account at an exchange and bought one for $100. It then did nothing for a few months and slowly began the climb to back to the $250 high that it ramped up to in April which caused all the media attention. But once the "bubble" burst, the media, as usual, lost interest and didn't mention it again until it started ramping up to $800-$900 in early November. The news latched on again, speculators came in to try and get a quick buck, it ramped up to $1000, now it will fall back but I predict will not go below the previous $250 high from April.

I WANT this to happen! If it does, the media will move on to some other distraction and forget about bitcoin and its "bubbles" for another few months and the true believers who got on board in November are still in it along with the true believers (like me) who came on board in April, but the speculators are gone and government officials will relax and focus on other crises. Leaving us free to continue to build the network in peace again and start the slow ascent back to $1000. Once it starts to climb above that, there will be another ramp up to $3000 or something and the cycle will start again and the new floor will be $1000. Etc. etc. Rinse & repeat. All the while the network is growing and adapting and expanding.

It could very well be unstoppable but it will come in cycles like this. And with every cycle, the power of bitcoin grows. It's the nature of media and their short-term/crisis driven sensationalist attention span.

What has happened before will happen again. So I predict a hard bottom of $250 within the next week or so and then some stability as it slowly climbs back up under the radar.

We can let the media giggle once again at bitcoin's "downfall" until the next "bubble" forms in, say, March when all the fancy new rigs come on-line and the media suddenly learns about bitcoin. Again.

Ive lost quite a ton (1.3 BTC) betting (in the process of making it back), but right now around 0.1.

Yes, Make it with less difficulty.    But how much do you use and hold?

Well I hope that it falls so that I can make more of it, not buy it for cheap.

A truthful question is not whether Bitcoin will rise or fall.
But how many hope that it will fall so they can buy it cheap? 

Right.  It feels more like a market correction than a crash.   

Although some people are saying that its going to go up and some say its going down, its 7:7 in the poll!

Yes, but nothings to say it wont go farther.

i dont think it will drop to $70 either , not that is impossiblebut i think more and more people see a value into BTC and so at $450 i know alot of people who would see that as a bargin, so its very doubtfull that the BTC can drop 94% again IMHO

Short term it might drop but to long term I feel it will keep going up. Even if you are buying now I feel that in a year you will still have doubled your money and that is if it's growth slows.

I'm hoping we're skiing down the mountain now lol. But I think it would be declining more rapidly if it was a real pop.