...this is the lowest it will be from now on.
triple deja-vu
Topic: Why? - page 3. (Read 9536 times)
I lost the Bitcoin black friday... 
Hey Mr Manipulator, I wanna buy btc<10$ too
Hey Mr Manipulator, I wanna buy btc<10$ too
This is just a weak bounce on low volume. We will drop <10 again
What a strange time in btc land, no bad news just a panic. I would like to thank those who did at least I got back in lower than my previous panic, lolling in shame. I was thinking all through the year that the price would of been climbing in anticipation of The Halving(great name for a movie) and I am hoping beyond hope that this is the lowest it will be from now on.
BFL is not that retarded to hold onto BTC for pre-orders.
BFL is retarded 
Thats not vewwy noice
Definitely, Cheap bitcoins! There is strong evidence that this is last chance before halving. Look at RSI. I hnow it is just a friday. But we are getting near end.
Exactly my thoughts; I have no idea what the sellers are doing a month before a halving but I will take it - paycheck coming in in ~4 days I will eat my words if the price does not climb at least 50% during December/January.
I have just started using BTC instead of Western Union and its both easier and cheaper - even if the price dropped to 0.01 I would still be using this stuff. So yeah I'm not worried about BTCs value or adoption rates.
What possible value did bitcoin provide you in "settling small everyday stuff" that couldn't have been accomplished with dollar cash? What percent of the world do you think has vaguely any interest whatsoever in participating in the economy in this "bitcoin enthusiast" fashion?
Today, less than 0.01%. Within a few years, probably 90%. In my opinion, this will be a consecuence of the collapse of the financial system based on fiat money. Panic is a powerful driver.
Second: What makes you think the majority would head to Bitcoin?
What possible value did bitcoin provide you in "settling small everyday stuff" that couldn't have been accomplished with dollar cash? What percent of the world do you think has vaguely any interest whatsoever in participating in the economy in this "bitcoin enthusiast" fashion?
Today, less than 0.01%. Within a few years, probably 90%. In my opinion, this will be a consecuence of the collapse of the financial system based on fiat money. Panic is a powerful driver.
Perhaps ASIC companies are now ready to place their orders with manufacturers and are thus selling BTC to raise the necessary funds.
That is possible to, BFL said they just payed a "bullet run", maybe they need extra money very fast.I've read few times, that BFL did not kept BTC, all order/preorder where instantly converted to USD, as BFL is not interested in hoarding BTC, but USD !
Rather their partners/suppliers take payment in USD..... for now.....
Perhaps ASIC companies are now ready to place their orders with manufacturers and are thus selling BTC to raise the necessary funds.
That is possible to, BFL said they just payed a "bullet run", maybe they need extra money very fast.I've read few times, that BFL did not kept BTC, all order/preorder where instantly converted to USD, as BFL is not interested in hoarding BTC, but USD !
I'd like to add that the big ask walls that seem to follow the crashing price are a major indicator for a manipulative crash.
+1
Good question. There are no bad news to blame it on. Blaming it on a "natural correction" doesn't really explain everything either, it's crashing in a too textbook way. I hate to say it and I don't necessarily believe it's true, but there could be manipulation. The way the sell offs are triggered and the induced panic selling which is increasing... this could be an orchestrated crash. Easily. It doesn't feel like a real crash but it looks like one.
Also it could be an insider crash, someone knows some really bad news is going to hit Bitcoin soon and wants to do this in advance.
Or bitcoins just are still too highly valued at double digits and it is just a natural correction. It could be anything, really. Hard to say.
Also it could be an insider crash, someone knows some really bad news is going to hit Bitcoin soon and wants to do this in advance.
Or bitcoins just are still too highly valued at double digits and it is just a natural correction. It could be anything, really. Hard to say.
I bet on manipulation.. Too many big players in a very small market, too much chance to have a double, triple in value in the next month or so..
BTC total capitalisation is very very small.. with a single million, fiat or BTC, this market can be swigned in dramatic peak up or down, too easy to manipulate.
Then, it's time to buy, because if it's really a manip down, the goal of the manipulator(s) is to buy low... so, dont follow the mass, follow the leader
Why are we in the middle of a massive sell-off?
This is the second annual Christmas sell off. It's that time of year when a lot of bitcoin hoarding miners and speculators sell off most of their bitcoin stash to free up funds for some early Christmas shopping.
I've grown quite fond of settling small everyday stuff (like when someone picked something up for me (or the other way around)) in bitcoin. Bitcoin already works for me in that regard and it's really useful. I don't see why this use case alone wouldn't be able to make bitcoin big at all, it just takes time. Just today I had 2 "bitcoin newbies" (they actually had fully synced bitcoin clients on their laptops with 0 transactions) buy bitcoins from me. So the userbase is growing and these dudes didn't even seem to me like they needed the stuff for silkroad. Neither were they hardcore libertarians or anti-establishment in any way, they just genuinely thought bitcoin was a cool idea and maybe they should get some.
Slowly moving towards critical mass without any hot-shot corporation pulling a humongeous biggie seems to be a viable path to me. Protecting ourselves well along the way against the various attacks and problems that will undoubtedly occur we should be fine in the end.
I'm still silently hoping for some kind of a big kaboom, but it's not necessary in my mind.
Falkvinges assumption of it taking 10 years from inception to widespread use might turn out to be correct.
Why do you insist on having to interface with that shoddy payment system credit cards resemble? The people behind that are our competition.
Why do you insist on having to interface with that shoddy debt-based fiat currency? The people behind that are our competition.
I don't wanna be a tool for the Dollar!
Bitcoin is real money, not the Dollar.
I'm not talking about "defying and ignoring the real economy", I'm talking about that economy using real money.
Do you design and build model trains too? If you think bitcoin is some "neat" idea to be used by casual hobbyists for selling three and a half coins to some bitcoin bohemian you met online and then met in person, then you have little appreciation of the ambition of Satoshi Nakamoto's bitcoin project. What possible value did bitcoin provide you in "settling small everyday stuff" that couldn't have been accomplished with dollar cash? What percent of the world do you think has vaguely any interest whatsoever in participating in the economy in this "bitcoin enthusiast" fashion?
"Our competition"? Bitcoin is not competition to the fiat-based credit card point of sale systems. There are maybe a half a dozen token transactions daily that actually deal in bitcoins, in person, and most of these occur at some bitcoin enthusiast meet-up. All bitcoin transactions occur online. The simple fact is that the cost of learning about bitcoin, dealing with fluctuations, installing an android app, and grappling with the fact that no customers know what the hell they are , far outweighs the pittance saved in credit card company fees. If you believe bitcoin can be spread this way, then I encourage you to also go convince your family to uproot to new hampshire to participate in that far-fetched libertarian venture, and then to go canvass for obscure 3rd party candidates! This view is best expressed in what is perhaps the most commonly expressed and yet false sentiment I've ever heard: "Every little bit counts".
It's all well and good to be a bitcoin cheerleader, but let's be serious here. The world is far too big and bitcoin far too complex for mere word of mouth to drive its adoption. Indeed, the only reason the network is the most powerful distributed network on earth is because there's a huge profit incentive. People need something valuable to respond to, and making tiny token transactions on smartphone for a beer is a value to bitcoin enthusiasts, not to the masses . The bitcoin community needs to stop worrying about these irrelevant interests, and start focusing on engaging with the world economy as a currency of currencies, and THEN as a currency proper.
To whoever or whatever reason brought the price down to 10$ "THANK YOU". I thought I would never be able to buy @ 10$ again. I am looking to buy more tomorrow @ whatever price lower than 11$. I am one of those who values bitcoin much more than any fiat currency or even gold.
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