Quote from: cryptohunter on December 18, 2013, 10:30:00 AM

Seems it was pretty easy for the banks to kill BTC.

Killed? When I bought in early October, it was $130. It then went up to 1280. It has now crashed to $455 and has gone back up to about $550 now.

If I tell any investor that I got 400% out of an investment in 2 months' time, they'd listen.

Quote from: Hampuz on December 18, 2013, 12:12:09 PM

From what I see and what I have learned in the past, taking the $30 to $1 drop and $250 to $50 drop and now we see $1200 to $400something drop, It always comes out stronger.

You cannot learn the future by looking at the past.

Quote from: Hampuz on December 18, 2013, 12:12:09 PM

I say that the value will increase when Wall Street enters the market

Wall Street is already in the market. You can bet that many investment banks and companies that are anywhere near serious have a pile of BTC laying around.

Quote from: Hampuz on December 18, 2013, 12:12:09 PM

I know that bitcoin is backed by the best of people, the creative thinkers and the market experts. Lets do this, nothing is more fun than a good old challenge!

Hmmm. There's a few creative thinkers in this community, but the ratio is not significantly higher than in any other community. And for the market experts? Hardly. We created the market, but that doesn't mean we're the best in playing the market. Just like companies are frequently surprised by what happens to their stock: they create the market but are not the experts.

Not bashing BTC or altcoins here, I have my own little mining rig. And I also expect coins in general to go up (otherwise I wouldn't be here). But we need a reality check. Other markets (stock, materials, ...) also have their excesses and their swings, but the swings are peanuts compared to what is happening here. There's one good reason for it: there is no underlying value in any coin. If you compare raw materials to companies to futures to *coins, the tendency is to have less connection to underlying value and more volatility on the market. So, we can try and stabilise the whole market by building a closer link to underlying value. This is what coins like CureCoin and AltCoin are trying to achieve. Some may view this as heresy, as it's a move back to meatspace, whereas coins were meant to be cyberspace only. The only other option is to enjoy the ride with an open mind. Remember: what goes up must come down again. So, even if BTC were to hit $2000 at one point, you can be certain it will dive below $1000 again after that and half the forum will claim ragnarok is near. Either we change what we are doing, or we have to live with instability and emotional outcries every so often.