Ninjastic
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Re: $10,000 when?
by
jertsy
on 30/12/2014, 10:41:49 UTC
Quote from: molecular on December 30, 2014, 10:29:00 AM
Quote from: leex1528 on December 29, 2014, 06:02:08 PM
Quote from: picolo on December 29, 2014, 05:18:08 PM
Quote from: leex1528 on December 28, 2014, 04:30:57 AM
Unfortunately 10,000 will never happen.  It had high hopes to begin with but it looks like it is finally going to crash:(

It loses some value during one year and you don't believe anymore. Please sell your coins to someone with a bit more belief.

It lost quite a bit of value in one year actually.  It went from 1200 to 300 in 1 year.  It has consistently gone down this year too, with a few spikes here and there, but the trend has been downward since January.  Of course I don't want it to fail, but if it looks like it is, I am going to say, it looks like it is failing.

Dude, Bitcoin price went from $32 to $2.5 in 2011. That's the same as going from $1200 to $94.

It looked like it was failing to many people back then. Yet it wasn't, it was just a correction. Bitcoin does this and it will probably continue doing so for some time.


In 2011 it hit bottom far faster then slowly started climbing. This year it took far longer to reach the current low point and if there are lower lows to come it will have been going down for over a year. The current cycle seems much slower than the 2011 one.