Quote from: Bitcoins101 on October 04, 2014, 10:44:04 PM

Quote from: redsn0w on October 03, 2014, 02:16:58 PM

Quote from: jcoin200 on October 03, 2014, 02:13:37 PM

Most people here have deluded themselves into thinking btc is going to skyrocket sue to "imminent mass adoption!" Clearly this is not the case, and lots of former bulls are now facing the facts and turning bearish. One of the ways people tell themselves they are right is saying anyone who sells is a "weak hand." Funny because you should be calling them "smart hands."

I'll admit I had high hopes for btc, but the last bubble has no reason to repeat itself: There's no new money coming in from anywhere in the world, adoption by merchants just essentially creates lots of sell pressure, and the media is doing its job scaring people away from btc by associating it with illegal activity.

Good luck to holders though.

So is your suggestion to sell all the bitcoin now ? I think this is not the real solution Wink

. The price will raise ( I think) in the next block reward halving (2016) .

2016. 2016. 2016. We're in 2014. Everyone will have plenty of time to buy back in before 2016, so why mindlessly hodl while Bitcoin is crashing?

I love cryptocurrencies. I think they will succeed big time. Decentralized digital currency is here to stay. However, we're currently in the midst of a crash. People who convert to fiat will be able to buy back more bitcoin during the next rise, whenever that rise happens. As someone who is looking to maximize the number of bitcoins I own, the last thing I would be doing right now is hodling. In fact, I'm shorting, so that when bitcoin rises again, I can not only buy more coins because they're cheaper, but also buy more coins because I have more money.

I agree. I think the technology behind btc is incredible, but the price right now is showing that it was just manipulated to the ath last winter. Still no demand for it, and definitely no "imminent mass adoption" any time soon. Yes the mainstream media may unfairly connect btc with drug trade, isis (clearly anti btc propaganda), etc, but its scaring off people and giving btc a bad rep. Oh well, I think those saying btc will drop to the 100-200 level and trade in that level for quite somr time are right