1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

What the hell is wrong with Bitcoin

Discussion in 'CryptoCurrency' started by whatyoudoingmaan, Jan 4, 2015.

  1. whatyoudoingmaan

    whatyoudoingmaan Newbie

    Joined:
    Dec 30, 2014
    Messages:
    8
    Likes Received:
    1
    $281 per BTC ? Really ? Unbelievable
     
  2. Mercury_Hg

    Mercury_Hg Registered Member

    Joined:
    Aug 23, 2010
    Messages:
    88
    Likes Received:
    18
    If I remember right I sold LTC NXT and DOGE Jan 2014. Bought myself a car, good times. Too bad the market imploded shortly after.
     
  3. ShadyContent

    ShadyContent Registered Member

    Joined:
    Sep 21, 2014
    Messages:
    78
    Likes Received:
    10
    Occupation:
    Sales
    Location:
    Florida
    at least bitcoin is still even an option
     
  4. whatyoudoingmaan

    whatyoudoingmaan Newbie

    Joined:
    Dec 30, 2014
    Messages:
    8
    Likes Received:
    1
    Too bad for me . Yes
     
  5. whynotmakeit

    whynotmakeit Power Member

    Joined:
    Feb 26, 2012
    Messages:
    551
    Likes Received:
    284
    ....but you forget what it started at..........
     
  6. Hero0o

    Hero0o Junior Member

    Joined:
    Nov 3, 2013
    Messages:
    145
    Likes Received:
    20
    Oh, its was 320 a day ago and now $279.
    I hope it bounces back.
     
  7. Freeopkiller

    Freeopkiller Junior Member

    Joined:
    Dec 30, 2009
    Messages:
    117
    Likes Received:
    47
    Location:
    Montana
    It just a level of consumer distrust currently. Security Breaches, Missing Coins, Mining computing power being less distributed. If Bitcoin was a physical bank, would you do business and trust your assets with them ? They are having lot's of problems. I hope they bounce back, I have a lot of faith in the future of cryptocurrencies. If they bounce back and some type of anonymous exchange is created to hide owners from transactions I think they would soar. But until then, I don't know. I'm just glad I got out when the get'n was good..
     
  8. Spawnie

    Spawnie Power Member

    Joined:
    Feb 1, 2010
    Messages:
    716
    Likes Received:
    291
    Most recent almost 19,000 bitcoins got stolen again:
    http://www.blackhatworld.com/blackhat-seo/blackhat-lounge/730193-18-864-coins-stolen-bitstamp.html

    You were invested and got out when the price was high - which is cool - and something a lot of people did. Think they'll come back buying in as long as its so volatile? Nope. No fresh money -> price will fall.
     
  9. GlobalSolutions

    GlobalSolutions Jr. VIP Jr. VIP

    Joined:
    Mar 3, 2010
    Messages:
    196
    Likes Received:
    23
    The price is going back up gradually. I personally love BTC and hope it's just temporary issues.
     
  10. gu3sswh0

    gu3sswh0 Regular Member

    Joined:
    Mar 22, 2011
    Messages:
    287
    Likes Received:
    79
    Location:
    Strip Club
    Anyone who enjoys privacy is going to love bitcoin. Still the price could go up but ebay did not budge it so what really is left to make it go up these days? Nothing..
     
  11. lumen666

    lumen666 Newbie

    Joined:
    Jan 19, 2015
    Messages:
    5
    Likes Received:
    0
    current price 1 btc = 207$ only
     
  12. howard_hughes

    howard_hughes Elite Member

    Joined:
    Jul 23, 2009
    Messages:
    5,058
    Likes Received:
    3,695
    Occupation:
    Just Another Digital Marketer!
    Location:
    "Insta Rank"
    Home Page:
    $210.7 now -- Its buying time.
     
  13. infoasian

    infoasian Supreme Member

    Joined:
    May 12, 2011
    Messages:
    1,376
    Likes Received:
    428
    Occupation:
    retired
    Location:
    Singapore
    I might buy if it goes down to 10$.
     
  14. Deez The Webguru

    Deez The Webguru Junior Member

    Joined:
    Sep 13, 2010
    Messages:
    188
    Likes Received:
    82
    I really wish I paid more attention to the whole crypto currency thing. I've got a few bitcoin wallets but man what a mission. I don't even know how to log into them anymore....lol. I did see though that the are are new bitcoin ATM that starting to pop up in the US when I visited there in November last year.....I saw one on Vegas...perhaps if these bit coin ATMS became more accessible and prevalent around the world then it would help the currency gain momentum again and start soaring
     
  15. MCNUTSACK

    MCNUTSACK Registered Member

    Joined:
    Sep 26, 2014
    Messages:
    55
    Likes Received:
    4
    Its a market that is really new and unstable and basically any bad things that occurs for bitcoin causes all cryptocurrencies to tank.
     
  16. b1step-ahead

    b1step-ahead Senior Member

    Joined:
    Nov 15, 2010
    Messages:
    815
    Likes Received:
    358
    I see more merchants taking bitcoin. I know there are a few atm's that spit out cash from bitcoin accounts. We're in a major deflation economy right now, so nothing is taking off.
     
  17. magnus99

    magnus99 Junior Member

    Joined:
    Sep 17, 2013
    Messages:
    136
    Likes Received:
    20
    What is the lowest it has gone so far?

    The lower the better to buy cause it will go back up. There is nothing like it and some people like it for their own reasons like using cash or cc to by something.
     
  18. Capo Dei Capi

    Capo Dei Capi BANNED BANNED

    Joined:
    Oct 23, 2014
    Messages:
    754
    Likes Received:
    9,454
    Bitcoin was overvalued and overhyped, there wasn't enough merchants and still isn't to support a high price.
     
  19. ninjacookies

    ninjacookies Newbie

    Joined:
    Jan 10, 2015
    Messages:
    16
    Likes Received:
    8
    It's a pump and dump, guys. Just like every other shitty altcoin ever created that followed. Look at the long term graphs. All the same.

    It will never recover back to that 1xxx dollar level. Why? Because that was pure manipulation by mt. gox and chinese bots. The euphoria stage is over. Nobody outside of day traders really care about it anymore in the real world.

    The only ones hyping it up now are the bagholders hoping for a way out.
     
  20. Capo Dei Capi

    Capo Dei Capi BANNED BANNED

    Joined:
    Oct 23, 2014
    Messages:
    754
    Likes Received:
    9,454
    It could go to 1,xxx level again, but its going to take years since the amount of merchants needs to get up to the few million range.