Quote from: Omikifuse on October 05, 2014, 05:45:33 PM

So what are the predictions for the future?

Sub 100 level? Or will we recover?

Don't know.

Don't care about Bitcoin anymore. Haven't been following it so much. Won't even consider investing in it UNTIL the market has shown to have clearly stablised. If that means I end up buying back at prices well above $200 range then that is fine.

The pundit who has called Bitcoin market remarkably well has been DanV.

Go and google him and watch his YouTube videos.....he would have the long term support line down at the upper $100 range (and has had it there even back when Bitcoin was still firmly in the upper excesses of bubble territory)

Quote from: rebel24 on October 05, 2014, 05:50:25 PM

Your post lost me at the point where you started to talk shit on bitcoin. You can talk shit on the price, but the technology? Think again. This is the future whether you like it or not. And until a better blockchain technology overtakes bitcoin(or dogecoin or otherwise), you can except adoption to increase, userbase to increase, and thus the fundamental drivers behind the price to increase, gradually and constantly increasing buying pressure(and thus the price) (over the time frame of years, not day-to-day crashes or booms)

I talk shit on Bitcoin because it is an emotional subject.

I bet there are a lot of Bitcoin 'lovers' who are in the process of turning into Bitcoin haters as we speak. Of course, it isn't the technology that they are really hating, it is the demon of Speculation that they are hating on. Bitcoin in itself is rendered guilty by association.

Besides. What if the market drives the price of Bitcoin so low, and keeps so low, that the miners are forced to turn off their equipment thus killing the network, thus killing Bitcoin?

That is a real possibility from what I understand.