Quote from: coinbiz on October 18, 2014, 06:33:42 PM

Quote from: MrBig on October 15, 2014, 05:06:52 PM

Quote from: fewcoins on October 15, 2014, 12:24:10 PM

Quote from: BrewCrewFan on October 15, 2014, 12:03:26 PM

Quote from: fewcoins on October 15, 2014, 11:48:09 AM

LOOK OUT BELOW! How low will it go?! Nobody knowsss

Ahh good to see your back now that BTC is down a few bucks. So how of this shit do we have the privilege to get from you this time? I would assume you would be just as happy when the price goes up right?

I've actually been posting the same "be careful" warning the last 3 days of advance we had....... Open your eyes! We poped to 450 after paypal news because the markets easily manipulated! The real whale that runs this price exchange is waiting for most of you to rush in saying "omfg cheap coins less than $400" After you rush in to pay that I am sure you'll get crushed. Bitcoin has been hitting lower highs for almost a year!! Everyone is cashing out except you guys! GLTA!

This trend of lower highs should be apparent to most rational observers right now. Just how long we will continue this trend is anyone's guess, but it does appear that we may continue along this trend at this point. I don't think everyone is cashing out, as we would see a mega-crash in that scenario, but we may see lower prices yet.

Yeah, every time it goes up, people forget that the peak of the rise is lower than the last one. People don't generally zoom out and look at the big picture. We're declining overall. It's just not a good year for bitcoin, and technically it's still overbought.

The main issue is the miners that may be over leveraged because their operations were based on profit from higher priced bitcoins. A lot of late-moving miners came in with big investments and haven't turned profits quick enough due to falling bitcoin prices. To cover costs they need to convert to fiat, and hence the dumping is happening. The lower it goes, the more miners will exit... unless transactional volume is high enough to support some of those miners. It's a chicken and egg problem.

I honestly think it's better for the price of bitcoin to fall as we improve transactional volume (increased number of merchants/retailers accepting bitcoin), because once that is in place, the rise in price will have a more sound foundation. Drops in bitcoin won't necessarily cause miners to go out of business. That's when the price will stabilize or at least move with reason rather than rumors.

We can still have a healthy rise, and possibly still go up to the $1000's because the ability to own bitcoins will also be more accessible at that point. When I first heard about bitcoin, it took me a good week to figure out how to buy it, and a few days to wire the funds from my bank. Most people I told about it took 1-2 weeks to get started and really understand it. Even if they all exit now, when bitcoin gets hot again, you'll have a lot more buyers flooding the market. Currently and in the past, it most people didn't even know how to buy bitcoins or what they were. Still in the infancy stages. So it's difficult to bring real buy pressure even when there is some good news these days, but as time passes and more people are capable of buying bitcoins, we'll have greater jumps, especially with the limited supply.

this. the accessibility of bitcoin still is limited, even with ATMs popping up. most people in the world have no clue what bitcoin is. if they have heard of it, they think its analogous to a stock, or its some sort of electronic wizardry they can't comprehend. most people, and by most i mean 90% of the world population, hasn't gotten on the boat ever. people like fewcoins, aka falling, like to point out that every single person who could or would invest in bitcoin, is already fully invested. this is ridiculously false. like i said, 90% of the world doesn't even understand what it is yet.