Quote from: redhawk979 on October 04, 2014, 09:36:22 PM

Quote from: TookDk on October 04, 2014, 09:31:22 PM

Quote from: jcoin200 on October 04, 2014, 09:25:03 PM

Quote from: redhawk979 on October 04, 2014, 09:16:38 PM

Quote from: Buffer Overflow on October 04, 2014, 05:31:33 PM

Quote from: ravenjt on October 03, 2014, 02:42:22 PM

You definitely have made a loss, even if you haven't actually sold.

Really how so sure? What price did I buy?

"Weak Hands" are looking like "Smart Hands" each day that passes the way things are going.

By the way the "Calling the bottom at 350" threads are now outdated, lets get some more "Calling the bottom at 300" threads going until Monday.

Thank you. Clearly the amount of price manipulation dine by mt gox has still not been priced in. I think prices will continue to sink diwn to around $200 or more by the end of the year. There is just absolutely no demand for btc at all. Only in the minds of the bulls in this forum. I dont think overall usage is up either. Yes more wallets are in existance, but coinbase creates a new ine for you like every week or so automatically. Using the "more wallets in existance" is a very bad way to track usage. I think all the new metchanys have done is get some holders to spend some btc, while not managing ti attract any new interest by the general public

I am normally pretty bullish when it comes to BTC, because I believe in the technology but I totally follow what jcoin200 is saying.
Most miners today are running negative numbers, and they need to sell their coins to pay for operation costs.
I just don't see how the bitcoin ecosystem can get enough new buyers to pressure the price up.
Someone have to buy all the bitcoins that the miners are dumping, and if there is not enough buyers, well, the price will continue go down.

New buyers aren't going to be attracted for a while. They're going to see the price tanking, and unless they're "True Believers", they won't be buying in until the price crash stops, whatever number that may be.

Totally agree to this.
The price will stabilize at some point (have no idea where).
I will still continue using bitcoins though since the they are convenient for trading, but will properly start converting a little more between fait and bitcoin, at least that is super easy nowadays, so not really a problem.