I wonder if I should sell now or hope for the bulls. Looks like it's way too late to sell...

Tell me one meaninful reason why bitcoin should go up?

My guess: $2,5k

Obviously, this guy is anxious about the fortune he "invested" in bitcoins and would like to sell them with as low a loss as possible.

When you want to believe in something, go to the church.

Bitcoin is for investment, i.e. grown up people, not for lemmings.

Reality check?

Oh, bummer.

> I am new to Bitcoin, how can I get started?

Go to the casino. Losing your money is more fun there.

> What causes Bitcoin to drop?

Wrong question. The true question is: Why should it gain value?

Will bitcoin destroy the world?

Nope, the other way round.

bitcoin may not be losing popularity, but it's definitely losing value.

the most important step before buying bitcoin: Think again.

You have a dream...

But you take a lift and have to pay a fortune for it.

Nothing will magically tunnel you back to the top of the slope.

Look at the quotes and think again.

Considering that when bitcoin value (earnings) get lower than the cost of mining (Power, Hardware), miners will just shut down. That means no more transactions, obsoleting bitcoin.

The hype is over, no fundamental value, go figure whether or not to invest.

Doesn't make sense. The attack had hardly any impact (except for some patch resistent sites that were prominently blamed featured in the media) and the criminals didn't earn a decent ransom.

Don't look at the price, look at the trend. This one clearly goes south.

I did so a week ago.


Come on, the absurd rise began by the end of the year. Merely looking at the chart, I'd expect it to go down to below 1k.

Remember: BTC has no intrinsic value, no state, organisation or even some small assets backing it and huge technical problems that aren't going to be resolved in due time. So there's nothing to catch the falling rate, once the hysterical selling starts.

Franquin painted a picture of the happy bitcoin investors who expect the rate to go up to 3000 soon:
https://s-media-cache-ak0.pinimg.com/474x/f0/5a/40/f05a40ba6b0535dcf5532b8c83f5885f.jpg

Buying Bitcoins now sounds like trying to catch a falling knife. Outch!

I understand you don't like them. Any meaningful reasoning behind that - in terms of evidence, facts, etc?


By superiority, are you referring to the unprecedented transaction backlog, the ridiculous fees and the clear inability to resolve burning issues?

I don't get the story. What you describe is vanalism. Where would the profit come from?

(Btw: It doesn't make sense to "inject a virus" as long as you're referring to something remotely similar to *coins. The data can hardly carry a virus or infect anyone. The software is open, so even if some "hired core developers" tried to inject whatsoever, the ecosystem would simply downgrade to the latest clean version.)

I certainly don't wish that bitcoin will crash, but that said, it isn't banking industry at all. Otherwise, there would be an operator with huge interest in getting his network back to normal operations.

Just have a look at the backlog vs. fees - looks like we won't even get down to 100 000 (hundred thousand) unconfirmed transactions this weekend: https://jochen-hoenicke.de/queue/#30d

Bitcoin technology has been over capacity for 3 weeks now, no signs of improvement :-(