Quote from: je1p7u7 on April 03, 2014, 03:41:41 AM

Quote from: joeventura on April 03, 2014, 02:21:26 AM

The party is about over boys and girls.

BTC is $422 USD

Every week is new bad news.

Silk Road

Gox

KNC screwing you over

US makes Bitcoin Property

China

There will be new bad news every week and Bitcoin will be down to $100 in 60 days if this continues.

Question is why would you not refund every single order you have pending where ever a refund was possible?

Any other insightful predictions ya need from me?

Going to mine 24-25 BTC with your KNC Neptune? If not than you are screwed because you paid 10 grand for it.

Each bit of bad news kills BTC by $100

3 more bad stories and we are at $100

5 more stories and its over BTC will be at $10, All companies will close, bankruptcy everywhere.
Difficulty too high on a currency worth $10. Game over.

The beautiful thing is that BTC gets stronger when the price goes down after a high since it becomes less profitible to create large mining operations and that works toward better distribution of hashing. I'm glad that the technical foundations of bitcoin are still undefeated and that sends a good message for long term growth. I always felt that a price above 600 is short term anyway. I think we all got carried away by our visions of riches. My precious...

and it is less profitable for joe schmoo to mine and when Joe Schmoo has to spend $1000 for mining gear that will never make $500 then the game is over. Folks fail to realize this whole thing can be a worthless venture for everyone overnight.

BTC goes to $10 and NO ONE can afford to mine because the difficulty is 5 billion