Ninjastic
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Board Bitcoin Discussion
Re: The sad truth about Bitcoin
by
GratefulCoin
on 13/01/2015, 06:27:10 UTC
Quote from: flipstyle on January 13, 2015, 04:11:44 AM
Quote from: GratefulCoin on January 13, 2015, 03:27:36 AM
Quote from: GratefulCoin on December 18, 2014, 07:28:24 AM
Quote from: CoinCidental on December 18, 2014, 07:23:01 AM
Quote from: GratefulCoin on December 18, 2014, 07:17:26 AM
Quote from: YinShuiSiYuan on December 18, 2014, 12:20:59 AM
Quote from: inBitweTrust on December 17, 2014, 06:49:14 PM
Quote from: GratefulCoin on December 17, 2014, 06:36:47 PM
As we can clearly see it has not been a good investment this year.  Rich people threw a lot of money at them as some sort of get even richer scheme.

2014 a Bad year for BTC investment for what specific reason? The 2014 Average is 3x higher than the 2013 average. The market price right now as it is dropping is still almost 2x above the 2013 average.
You are kidding right? All that matters to anyone that gets paid in bitcoin is the value of the bitcoin at the time they were paid and the value of bitcoin now (or when they exchanged it for fiat or goods if they have already done so). Someone that is trying to make a living is not going to care about any kind of average

The price of Bitcoin will drop to 30-50 USD within the next year.  Bitcoin is about to take another serious nose dive.

Would you care to make a wager on that?  Smiley
I would match any amount of Coins you put up that you're wrong, we can use a trusted escrow if you want to hold  it lol

I have no Bitcoins to wager.  If I did, I would be cashing out right about now.  I think we are going to be seeing it in the 250 range maybe within 30 days.

I was right.  It did happen a little faster than I thought.  I’m still new to Bitcoin.  In fact, I still don’t own any.  I’ve been watching the price of Bitcoin very closely for a few months.  I feel that I can accurately predict what the price of Bitcoin will be.  I don’t have any software or anything like that.  I don’t even read much about Bitcoin.  I watch the price flucuations and make my predictions based on them.

I’m not sure about my prediction in a year.  The problem is… so much can change between now and then.  I do think Bitcoin needs to be priced between 30-50 for it to be healthy.

I’m not ready to say where I think Bitcoin will be in the next month.  I certainly wouldn’t be holding onto Bitcoins as an investment.  I’d only have some to buy stuff with them.  

Don't think it was that hard to foretell.  The trend has been consistently downwards over majority of the past year.  No giant positive news and several top exchanges get hacked or close up shop.  The question is...where is the bottom, and who is willing to try and catch a falling sword?

Reminds me all too much of silver.  If bitcoin breaks 200 resistance, there could be a huge free fall ahead in a long bear market.

The bottom will be when we reach 30-50.  That is a sustainable price for Bitcoin.

I’m ready to make my prediction for the next month.  The price of Bitcoin will drop to 175 within roughly 30 days.