Quote from: empowering on September 19, 2014, 11:47:52 AM

Quote from: CoinThinker on September 19, 2014, 11:16:42 AM

Quote from: Involution on September 19, 2014, 11:10:32 AM

nice bears, no one will believe in cryptocurrencies again. no one will invest in this bitcoin anymore.. nice move. and no, im not fallling, i had faith a long time in bitcoin.. congratz

Totally agree... I really believed in Bitcoin, and the fact that a non - government issued currency can survive, but now it is totally obvious that it can't. I hate to admit exactly now when I have some bitcoins and lots of BTC related projects, that Bitcoin is doomed to be gone forever.

There are more than 13.200.000 BTC already out in the market, yet a few thousands of them (like 1-2.000) can bring the price so drastically down. I am sure that US and other governments now are watching this amused because it is the end no doubt about it. It doesn't even matter if the price goes back to 500, 1000 or whatever. Once it is proved that it can be pushed down with less than 1.000.000 USD, bitcoin is worthless.

Try to manipulate USD exchange rate with investing 1.000.000 USD... the market won't even blink. But bitcoin is totally different, you can totally destroy it with this small amount of money.

EDIT: for those idiots who think that this is a good way to buy "cheap" bitcoins: once the market will lost faith in this coin (and this is happening totally now), it doesn't matter how "cheap" you buy something which is worthless.

BS

The argument makes no sense because by that logic you can also push the market up.
It is unlikely the real whales will let their speculative toy be destroyed. They are more likely just out to collect some bacon