Quote from: papaminer on June 27, 2013, 12:51:43 AM

Quote from: BitChick on June 25, 2013, 11:34:38 PM

Quote from: papaminer on June 25, 2013, 11:18:22 PM

Quote from: franky1 on June 25, 2013, 10:49:39 PM

Quote from: bitcoinscanada on June 25, 2013, 09:52:35 PM

I'm afraid I've lost my faith in Bitcoin. Somebody save me..

thats because you are reading the high price which is always volatile.. check out the monthly low price.. you will see there is a constant rise. the low price is more of the indicator of true value and growth indicators.. the high price is just pure speculation and should be ignored for long term investors

+1 this

Unfortunately I seem to buy higher than the lows. Wink

I guess the new "low" should eventually catch up to my average bitcoin price I paid of $120. Hopefully anyways . . .

When USD's reign is over (AND IT WILL)...

CRYPTO will take the crown..

FIAT and cryptos can coexist for a long period of time, without any need for one of them to rule the other. its a silly understanding of things that there always has to be one thing/currency that rules the others.

and yes cryptos will succeed, but its not written that it has to be BTC. BTC hat many flaws (i.e. 51%-problem) that remain unsolved and that makes it vulnerable.

in fact the 51% issue and the possibility that the network gets stuck after a big price drop is a very strong argument against BTCs. when i first heard about BTC i was told that its unhackable, absolutely safe and reliable. now i know that its not so relialbe. the network could be easily attacked and wrecked...

BTC will rise again and will succeed, but longterm another currency is needed.