bitcoin slowly losing value

[xpress]

exchange rate: 271 usd for a coin
will you buy when it reaches 10 usd?

[kkkkk]

10 no, but it might reach 120-130 in 2-3 months max

[xpress]

why do you think 10 is impossible? a coin used to cost only 0.02

[dontknowhowtobet]

It is losing value indeed ... the world is finally going back to the US Dollar because if the Fed raises rates investors would prefer to get paid % on their USD and Bitcoin doesn't pay anything.

[Optional]

Oh damn. I had about $120 worth on 5th December and just checked wallet and it is $90.12

25% drop in a month. When will the investors start buying in and prop this boat up?

[Hareeba!]

Oh damn. I had about $120 worth on 5th December and just checked wallet and it is $90.12

25% drop in a month. When will the investors start buying in and prop this boat up?

Investors will not buy.
Speculators may.
Good luck. You most probably will need it.

[Domestic]

I"m grateful for these lower prices, I can prop up my cold storage holdings a fair bit. Just wish the Aus dollar was not so weak right now.

[jjgold]

slowly??

Its steadily tumbling

regulation and uncertain is why

[sumtingwong]

it is based on nothing? what value does it have?

[Da_Engineer]

It's normal that it's going down, more and more companies are accepting the BTC, however, these companies are changing them to fiat as soon as the payment is received. This causes the coin to go down in value but is a necessary step to achieve every day use. Once every company does in fact accept BTC and the price stabilizes, they will start holding the BTC.

I am a big holder and am really not worried about the price drop, it is necessary. The current price is absolutely irrelevant.

[RonPaul2008]

it is based on nothing? what value does it have?

It's a fair question. Just ask the same question about the U.S. Dollar, EURO, AUS Dollar, etc.

[sumtingwong]

In 2007 I bought 3 sealed monster boxes of Mint State 2007 SAE's from APMEX.

I grew to hate silver, but at least it was a physical asset. I can't even think about putting money into something like btc.

[Da_Engineer]

It's a fair question. Just ask the same question about the U.S. Dollar, EURO, AUS Dollar, etc.

Only difference is the bitcoin can't be manipulated by the government or anyone for that matter.

The government can't print new bitcoins like that they do with your money non stop. I'ts just a matter of time before the USD collapses. You can't keep borrowing and printing money to pay off your debts.

[sumtingwong]

if the dollar collapses, the last thing people will want is btc

[Da_Engineer]

Not sure if you are serious or being sarcastic?

Obviously if the dollar collapses people will turn to gold, silver, btc.

[sumtingwong]

if dollar collapses gold silver food guns ammo (physical/tangible assets) not btc

[Optional]

Investors will not buy.
Speculators may.
Good luck. You most probably will need it.

Help Hareeba! I need a sure thing tip to earn that 30 bucks back!!

[sumtingwong]

Help Hareeba! I need a sure thing tip to earn that 30 bucks back!!

put everything you have in cloud mining

[sourtwist]

It's normal that it's going down, more and more companies are accepting the BTC, however, these companies are changing them to fiat as soon as the payment is received. This causes the coin to go down in value but is a necessary step to achieve every day use. Once every company does in fact accept BTC and the price stabilizes, they will start holding the BTC.

I am a big holder and am really not worried about the price drop, it is necessary. The current price is absolutely irrelevant.

Its not irrelevant when you are holding 50 b itcoins when you purchased them around 349

[Ironman07]

Not sure if you are serious or being sarcastic?

Obviously if the dollar collapses people will turn to gold, silver, btc.

Seriously this guy just registered and tried to act like a expert on bitcoin. I started the discussion here when the price was $332 and specifically warned against a stiff fall due to technical issues.. it had hit a double bottom and crashed right through. I have a few friends who have used bitcoin as well as myself and no one has profited from transactions over the last few weeks most losing over 10-15%.
On a serious note i warned everyone about the risk of a large drop and now its materialized. however our new expert claims to be a big holder and proclaims bicoin is ready for big gains. Investors are going to turn to a cyber currency which has no protections in place. Nearly a year after a major cyber theft from MT Gox another happened http://www.theverge.com/2015/1/5/749...coin-exchanged today. Just understand what your up againt using this ponzi currency as warned before.

[Isaiah]

exchange rate: 271 usd for a coin
will you buy when it reaches 10 usd?

No. In fact, I won't buy it when it reaches 1 cent which it ultimately will when the con artists behind it have cashed in and disappeared.

"If you're playing a poker game and you look around the table and can't tell who the sucker is, it's you".
Paul Newman

[raiders72001]

Seriously this guy just registered and tried to act like a expert on bitcoin. I started the discussion here when the price was $332 and specifically warned against a stiff fall due to technical issues.. it had hit a double bottom and crashed right through. I have a few friends who have used bitcoin as well as myself and no one has profited from transactions over the last few weeks most losing over 10-15%.
On a serious note i warned everyone about the risk of a large drop and now its materialized. however our new expert claims to be a big holder and proclaims bicoin is ready for big gains. Investors are going to turn to a cyber currency which has no protections in place. Nearly a year after a major cyber theft from MT Gox another happened http://www.theverge.com/2015/1/5/749...coin-exchanged today. Just understand what your up againt using this ponzi currency as warned before.

There are many obstacles that we can run into such as Neteller for those in the US. I don't see bitcoins as an investment, just a means to transfer funds. The nice thing is that you don't have to tie up a lot of money since you can transfer bitcoins so easily. Just play at the top bitcoin books and players will be fine.

[xpress]

exchange rate: 271 usd for a coin
will you buy when it reaches 10 usd?

267 today
i am holding on till it is 10 per coin
predict it will hit that low by summer

[Isaiah]

267 today
i am holding on till it is 10 per coin
predict it will hit that low by summer

If it crashes through the floor that far you can put a fork in bitcoin because it is done. Don't be foolish and bite at 10 because you can still lose all your money when the jig is finally up. And if the price dives that far the jig will be dangerously close to being up.

Your logic is seriously flawed. Years ago I made the same mistake in the stock market viz., "gosh if the stock was trading at $89 it must have value and now I can buy it at $3!". Baloney. The insiders got out at the top and dummies like me were left holding the bag. Lost all my investment more than once jumping on board sinking ships.

Not criticizing you just advising you hoping that you will be wise enough to learn from the mistakes of others.

[capitalist pig]

There are many obstacles that we can run into such as Neteller for those in the US. I don't see bitcoins as an investment, just a means to transfer funds. The nice thing is that you don't have to tie up a lot of money since you can transfer bitcoins so easily. Just play at the top bitcoin books and players will be fine.

Exactly use them as a way to move $ around and for nothing else.

Later

[thespeculator]

Exactly use them as a way to move $ around and for nothing else.

Later

second that with capitalist pig and raiders, i think of if as a transfer method. nitrogen is just like pinnacle and for live bets anonibet is just as good as bet365

[swordsandtequila]

There are many obstacles that we can run into such as Neteller for those in the US. I don't see bitcoins as an investment, just a means to transfer funds. The nice thing is that you don't have to tie up a lot of money since you can transfer bitcoins so easily. Just play at the top bitcoin books and players will be fine.

[Ironman07]

If you trying to do lots of exchanges and conversions as I have over the last month it is not a good means of transferring funds. I won $$in my bitcoin book but during the transferring of funds lost a significant amount...there is no way around the facts as the market is not steady at this time. Its ludicrous to assume you should be trying to empty accounts at the end of each day and refunding the next. there is no way to avoid losing $$ when the price is in decline..

[raiders72001]

second that with capitalist pig and raiders, i think of if as a transfer method. nitrogen is just like pinnacle and for live bets anonibet is just as good as bet365

Good book analogies. I use both Anonibet and Nitrogen.

[bobtoma]

Can betcoin make it?

[raiders72001]

Can betcoin make it?

yes. Good book with reduced juice.

[Isaiah]

[jtoler]

If it crashes through the floor that far you can put a fork in bitcoin because it is done. Don't be foolish and bite at 10 because you can still lose all your money when the jig is finally up. And if the price dives that far the jig will be dangerously close to being up.

Your logic is seriously flawed. Years ago I made the same mistake in the stock market viz., "gosh if the stock was trading at $89 it must have value and now I can buy it at $3!". Baloney. The insiders got out at the top and dummies like me were left holding the bag. Lost all my investment more than once jumping on board sinking ships.

Not criticizing you just advising you hoping that you will be wise enough to learn from the mistakes of others.

Guess it depends on the situation and the company, for instance I knew HealthSouth would be up and running when the price dropped, I got it at 0.69 10 years ago, but thats another story. Months ago I had thought maybe Ill get a btc or two later on, today Im pretty sure I wont waste my time with it. I looked at it as a novelty I guess, yet with people just stealing it, no way I invest in something like this. Somewhere some are making alot of money off of ripping people off of btc Im sure, wouldnt doubt if they started selling things that claim to protect your btc from being stolen now lol.

[raiders72001]

Guess it depends on the situation and the company, for instance I knew HealthSouth would be up and running when the price dropped, I got it at 0.69 10 years ago, but thats another story. Months ago I had thought maybe Ill get a btc or two later on, today Im pretty sure I wont waste my time with it. I looked at it as a novelty I guess, yet with people just stealing it, no way I invest in something like this. Somewhere some are making alot of money off of ripping people off of btc Im sure, wouldnt doubt if they started selling things that claim to protect your btc from being stolen now lol.

I've lost a lot of money to bad books but I'm not so much concerned with losing bitcoins through theft. The last was an inside job.

[jtoler]

I've lost a lot of money to bad books but I'm not so much concerned with losing bitcoins through theft. The last was an inside job.

So bitstamp was an inside job?