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Topic: This is just the beginning of the end. - page 2. (Read 1706 times)

newbie
Activity: 6
Merit: 0
January 16, 2016, 04:40:10 AM
#13
I just shorted bitcoin. Since I always have bad luck with investing i expect bitcoin to shoot up again soon, so no worries guys.
full member
Activity: 182
Merit: 107
January 16, 2016, 04:25:34 AM
#12
Wow, so many doomsday threads going on here.  I say that this is just a dip--a big one, but a dip nonetheless and I believe we'll rebound soon.  I could be totally wrong, we could be going to zero but I don't think so.

It's a downward spiral. Already 30% of miners have shutdown their operation over this crash. Making the network significantly weaker and slower yet again.

Bitcoins scalability problem doesn't go away with 'oh it will be fine, the price will recover'. Besides an unfounded position it's also a selfish one not considering the potential of Bitcoin for this entire world. There is serious work that needs to be done for Bitcoin to survive.

Bullshit.... Smiley

Sure.. when you run out of arguments or evidence, just call bullshit.
Hash power is down to 693 mln ghash/'s from 909mln ghash/s

are you joking, gigahash? when the network is approaching 1 exa LOL, this must be the purest troll ever

that amount is utterly insignificant, it won't change a damn thing, it's like a very big farm, is shutting down 1 single s7 out of thousands

network is still around 800 peta total, no sign of dropping...

You're right, the mining power has recovered a bit. Question is for how long, with the price continuing to plummet I feel the only thing that can save is from this downward spiral is an upgrade to Bitcoin Core resolving the biggest issue at hand, the enormous backlog of unconfirmed transactions and scaling problem.

What enormous backlog of unconfirmed transactions?

If there is an enormous backlog then I need to go to Vegas because I must be really lucky because transactions I send and receive go through in a timely manner...
legendary
Activity: 1937
Merit: 1001
January 16, 2016, 04:14:45 AM
#11
Wow, so many doomsday threads going on here.  I say that this is just a dip--a big one, but a dip nonetheless and I believe we'll rebound soon.  I could be totally wrong, we could be going to zero but I don't think so.

It's a downward spiral. Already 30% of miners have shutdown their operation over this crash. Making the network significantly weaker and slower yet again.

Bitcoins scalability problem doesn't go away with 'oh it will be fine, the price will recover'. Besides an unfounded position it's also a selfish one not considering the potential of Bitcoin for this entire world. There is serious work that needs to be done for Bitcoin to survive.

Bullshit.... Smiley

Sure.. when you run out of arguments or evidence, just call bullshit.
Hash power is down to 693 mln ghash/'s from 909mln ghash/s

are you joking, gigahash? when the network is approaching 1 exa LOL, this must be the purest troll ever

that amount is utterly insignificant, it won't change a damn thing, it's like a very big farm, is shutting down 1 single s7 out of thousands

network is still around 800 peta total, no sign of dropping...

You're right, the mining power has recovered a bit. Question is for how long, with the price continuing to plummet I feel the only thing that can save is from this downward spiral is an upgrade to Bitcoin Core resolving the biggest issue at hand, the enormous backlog of unconfirmed transactions and scaling problem.
legendary
Activity: 3248
Merit: 1070
January 16, 2016, 03:41:21 AM
#10
Wow, so many doomsday threads going on here.  I say that this is just a dip--a big one, but a dip nonetheless and I believe we'll rebound soon.  I could be totally wrong, we could be going to zero but I don't think so.

It's a downward spiral. Already 30% of miners have shutdown their operation over this crash. Making the network significantly weaker and slower yet again.

Bitcoins scalability problem doesn't go away with 'oh it will be fine, the price will recover'. Besides an unfounded position it's also a selfish one not considering the potential of Bitcoin for this entire world. There is serious work that needs to be done for Bitcoin to survive.

Bullshit.... Smiley

Sure.. when you run out of arguments or evidence, just call bullshit.
Hash power is down to 693 mln ghash/'s from 909mln ghash/s

are you joking, gigahash? when the network is approaching 1 exa LOL, this must be the purest troll ever

that amount is utterly insignificant, it won't change a damn thing, it's like a very big farm, is shutting down 1 single s7 out of thousands

network is still around 800 peta total, no sign of dropping...
hero member
Activity: 980
Merit: 500
January 15, 2016, 08:01:19 PM
#9
Reality im not being negative as im a bitcoin lover and i dont want bitcoin to come to an end but the reality is +100 of $ after a year or less but -100 of $ for just a day? Ow come on we really not sure if after this crash we can continue to recover
hero member
Activity: 700
Merit: 501
January 15, 2016, 07:50:54 PM
#8
Mike Hearn revelation only reveals that the banksters are nervous as fuck about Bitcoin taking over, so they had to resort to this pathetic move. I hope people are buying all of this cheap coins before we are recovering in the next weeks. 0.12 coming soon with lots of improvements, sigwit and 2MB in april. Haters will commit suicide soon.

Let's remember who Mike Hearn is before FUDsters get too excited:
https://www.youtube.com/watch?v=DB9goUDBAR0
legendary
Activity: 1937
Merit: 1001
January 15, 2016, 07:50:11 PM
#7
Wow, so many doomsday threads going on here.  I say that this is just a dip--a big one, but a dip nonetheless and I believe we'll rebound soon.  I could be totally wrong, we could be going to zero but I don't think so.

It's a downward spiral. Already 30% of miners have shutdown their operation over this crash. Making the network significantly weaker and slower yet again.

Bitcoins scalability problem doesn't go away with 'oh it will be fine, the price will recover'. Besides an unfounded position it's also a selfish one not considering the potential of Bitcoin for this entire world. There is serious work that needs to be done for Bitcoin to survive.

Bullshit.... Smiley

Sure.. when you run out of arguments or evidence, just call bullshit.
Hash power is down to 693 mln ghash/'s from 909mln ghash/s
legendary
Activity: 1316
Merit: 1000
Si vis pacem, para bellum
January 15, 2016, 07:45:14 PM
#6
Wow, so many doomsday threads going on here.  I say that this is just a dip--a big one, but a dip nonetheless and I believe we'll rebound soon.  I could be totally wrong, we could be going to zero but I don't think so.

It's a downward spiral. Already 30% of miners have shutdown their operation over this crash. Making the network significantly weaker and slower yet again.

Bitcoins scalability problem doesn't go away with 'oh it will be fine, the price will recover'. Besides an unfounded position it's also a selfish one not considering the potential of Bitcoin for this entire world. There is serious work that needs to be done for Bitcoin to survive.

Bullshit.... Smiley
legendary
Activity: 1937
Merit: 1001
January 15, 2016, 07:38:19 PM
#5
Wow, so many doomsday threads going on here.  I say that this is just a dip--a big one, but a dip nonetheless and I believe we'll rebound soon.  I could be totally wrong, we could be going to zero but I don't think so.

It's a downward spiral. Already 30% of miners have shutdown their operation over this crash. Making the network significantly weaker and slower yet again.

Bitcoins scalability problem doesn't go away with 'oh it will be fine, the price will recover'. Besides an unfounded position it's also a selfish one not considering the potential of Bitcoin for this entire world. There is serious work that needs to be done for Bitcoin to survive.
legendary
Activity: 3528
Merit: 7005
Top Crypto Casino
January 15, 2016, 07:34:49 PM
#4
Wow, so many doomsday threads going on here.  I say that this is just a dip--a big one, but a dip nonetheless and I believe we'll rebound soon.  I could be totally wrong, we could be going to zero but I don't think so.
sr. member
Activity: 434
Merit: 250
Young but I'm not that bold
January 15, 2016, 07:29:03 PM
#3
Even with this big loss, it is not the other end yet. There is a long way before bitcoin reaches its end. Because there are a lot of buyers who will buy on 300$, 200$ and so on.
newbie
Activity: 19
Merit: 0
January 15, 2016, 07:27:08 PM
#2
I see a lot of people suggesting it's a good time to buy.

How about everyone just takes a walk instead? No need to risk anything. Just get away from the computer sit next to the river and relax.
legendary
Activity: 1937
Merit: 1001
January 15, 2016, 07:20:24 PM
#1
-25% in 48 hours. No investment other than bitcoin will get rid of your money this fast!

With Mike Hearns revelation to the public the collapse has only started.
In the coming weeks more dirt will be revealed and the price can easily go down another 50-75%.
Remember Mikes blog is only now starting to gain attention. This is a small thing compared to what's coming.
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