Guys, you all are a part of the problem... You think that you're so smart, talking about bulls and bears, and a lot of rubbish.

You need to realize: Bitcoin is going to fall unless there will be more people interested in buying them. And trust me, a person who gets to bitcointalk.org to get some info, and decide whether to invest or no, and actually starts to read this thread as the most popular one, and dedicated to discussion about the price, etc. and starts to read a zoology treaty will consider all this a big joke.
Do you think if an investor would have some interest in the stock market, on a specific company, and when trying to get more information about his potential investment would start to read all this rubbish, will NEVER invest. Some computer geeks who think they are business men, or who never actually leave their rooms, are being "smart" here... in a business you need to be serious first of all, and bulls and bears have nothing to do with Bitcoins as an investment.

The other problem is that altcoins are falling down. They were the ticket for late investors to adopt Bitcoin. So, there is a very very strong relationship between those and BTC. I always told, the minute altcoins will die, BTC will too. Simply because nobody is going to pay hard cash at this prices for something where the "insiders" are talking about bears and bulls, instead of serious matters in a serious language.

Relax guys, price will obviously go higher. Look at bitstamp:

- they are buy orders in value of 14.000 BTC in total from 440 down to 398 USD
- on the other hand they are sell orders in value of 4.698 BTC in total up to 484 USD (from 440 USD).

So basically, while people would buy 14.000 BTC by the time BTC would go down to 400, there is ONLY 4.698 BTC on the selling side up to 484 USD.

I think this says all: people are not willing to sell their bitcoins at this price, which is the correct attitude. Excepting some idiots who are selling (I think everybody's an idiot selling now), people are just holding. Imagine, 4.698 BTC for sale from the almost 13.000.000 on the market... that says a lot about it (and also about how stupid people selling at this price are).

I am sure that by the end of 2014 BTC will be at least 2-3.000 USD.

One of the biggest problems I think is that there are no effective ways to deposit money for people who want to buy BTC. It's rubbish that all you can do is Bank transfers...

I don't understand why Bitstamp doesn't include Neteller for example as a deposit option?? This way that exchange doesn't reflect reality. On one hand you have something which is there in minutes (BTC), but on the other hand you need to wait weeks (not to talk about that many will not make any bank transactions). I am sure if depositing money would be as easy as depositing BTC, the price would rocket up immediately.

probably... but he should notice that wall is shrinking fast

I really hope that by the end of the month, we'll get back to 600+ and then rocketing higher and higher.

Looking at the order book on bitstamp, price should go higher in the short term (in the long term I am sure that by the end of the year, price will get to a level of at least 2.000 USD).

But coming back to today's situation: there are 5.327 BTC to be sold, and on the other side they are 6.231 BTC to be purchased. This basically means that at this moment the sell orders CAN NOT cover the buy orders within the same range, so price will have to increase.

The demand for BTC is 15% higher than the offer => price will increase in the short run.

Order book is showing the same range on both sides (the picture I was looking at went +/- 45 USD on both direction). So it means that compared to the current price, they are 5237 BTC available in the +45 USD range, while the demand in the same range is 6231 BTC.

2985 Bitcoin to be sold and almost 8.000 to be buyed (order book on bitstamp)....

Really can't understand how can some be so idiots to sell at this price... everybody who has at least a little of brain would remove all the sell orders below 650-700. Otherwise will feel like a real idiot (which he is), for selling at this price.

It seems that we are hovering around the 470-500 mark for a while. I think that this is not bad for bitcoin, even if the value is a little bit less (I am sure by the way that it will rise in time, have no worries about it).

However, for the moment, having an almost stable value makes it usable as a "currency".

No, they are not.

This is just the usual up and down flow of Bitcoin. This year only many times hit the floor at as low as around 300, and then the sealing at above 600. They were lot more critical times than now.

Now, it's just some panic sells, which is good. Every time after the panic sell ends, bitcoin gets stronger, as people who are buying it for this prices will obviously not be willing to sell lower. These are the times when you should buy, and hang on to it (or sell when it's above 600). December is closing fast and then price will rocket for sure for many reasons; last year it almost went as high as 1.200.

I am waiting those times. My advise is that panicked persons should sell, so they can't drag the price down again when it starts to rocket. Clever people will not sell Bitcoins at these price.

Totally agree... I really believed in Bitcoin, and the fact that a non - government issued currency can survive, but now it is totally obvious that it can't. I hate to admit exactly now when I have some bitcoins and lots of BTC related projects, that Bitcoin is doomed to be gone forever.

There are more than 13.200.000 BTC already out in the market, yet a few thousands of them (like 1-2.000) can bring the price so drastically down. I am sure that US and other governments now are watching this amused because it is the end no doubt about it. It doesn't even matter if the price goes back to 500, 1000 or whatever. Once it is proved that it can be pushed down with less than 1.000.000 USD, bitcoin is worthless.

Try to manipulate USD exchange rate with investing 1.000.000 USD... the market won't even blink. But bitcoin is totally different, you can totally destroy it with this small amount of money.

EDIT: for those idiots who think that this is a good way to buy "cheap" bitcoins: once the market will lost faith in this coin (and this is happening totally now), it doesn't matter how "cheap" you buy something which is worthless.

I don't know how to explain this again: THERE WILL BE NO MORE BUBBLES. You have to understand that pushing down the price so many times it's not healthy, and it's just a question of time when it will not raise again. It can't go forever, market will loose its faith in it, and then there's no bull or whatever, that can push up the price in the world ever again. The bitcoin game is over, as long as you can manipulate the market this way with less than 1.000.000 USD. It's a joke, any government of the world could destroy bitcoin at any moment it wants.

I really believed in Bitcoin, and the fact that a non - government issued currency can survive, but now it is totally obvious that it can't. I hate to admit exactly now when I have some bitcoins and lots of BTC related projects, that Bitcoin is doomed to be gone forever.

There are more than 13.200.000 BTC already out in the market, yet a few thousands of them (like 1-2.000) can bring the price so drastically down. I am sure that US and other governments now are watching this amused because it is the end no doubt about it. It doesn't even matter if the price goes back to 500, 1000 or whatever. Once it is proved that it can be pushed down with less than 1.000.000 USD, bitcoin is worthless.

Try to manipulate USD exchange rate with investing 1.000.000 USD... the market won't even blink. But bitcoin is totally different, you can totally destroy it with this small amount of money.

My 2 cents about this situation is that this is the end of the Bitcoin adventure, and anyone who does not want to see this, has to check his head as soon as possible.

All this "cheap coins" idiotic texts are the source of the Bitcoin price falling down. As you might have been probably noticed, it gets tougher and tougher for the price to recover and raise again. This because, with every crash market loose it's confident more and more in Bitcoin as an investment possibility, and if that happens, it won't matter if you can buy Bitcoins with 300, 200, 100, or 1 USD... eventually it will become worthless. Totally worthless.

Today, all afternoon there was no wall on Bitstamp, yet the price didn't raised a bit. Now a wall appeared too, and definitely will push the price even more down. And before you start yelling "cheap coins", think about it: how many falls a market can survive? I think Bitcoin is really at the edge.

If you also start to think how many people would like to see Bitcoin's death, and how much financial power they have, make the math: Bitcoin is already history. I am sure, that with a few millions of dollars, it can be totally destroyed, price will be pushed so very down, that the entire Bitcoin - project will fall apart.


So enjoy your "cheap coins"... they will get as cheap as 0 soon,  if the market doesn't starts to raise, and I mean REALLY REALLY RAISE. If the price will not show VERY VERY SOON a very drastic upward trend, I am sure that Bitcoin will not be able to survive many more crashes.

Well, for those who can really understand and see what happens now: what are you gentlemans (and ladies) going to do after the Bitcoin adventure ends? Any plan B for spending time, making money?

Simply: if a door opens and you can buy toilet paper for $400, will you jump in? Just because the opportunity has opened for this?

Don't think so.

Bitcoin was ONLY interesting as long long as bubbles could have happened. Those times are done (maybe there will be a couple of SMALL bubbles, but in the end market lost the confidence in BTC, as it should have been loosing it. It's a joke, which can be manipulated, destroyed, or raised with a few millions of USD. That is something that NEVER could happen with any real currency in the world).

I am starting to be absolutely POSITIVE that some people in this forum, especially in this thread, are government (and/or bank employees). They manipulate this thread, calling the crash "cheap coins", and so on, when they know exactly that NO MARKET CAN RAISE indefinitely.

So every crash, might be the last one. Every crash might be the end of the bitcoin, and the proof for this is that all of you see that after EVERY drop, price is raising back HARDER and HARDER (usually to a smaller value than it was before the crash started). Speculators, who are buying coins and then they sell immediately expecting a few dollars margin, are happy with this situation; governments and banks are very happy also, but people who see (or who have seen) Bitcoin as a new "era" or a long term investment will be totally screwed.

Another proof: remember how actively governments were fighting Bitcoin? Now they don't. You know why? Because they realized that it's absolutely no danger in it for their systems. They could bring down the price to absolute 0 with a few million of USD (or less) ANYTIME they want. Walls or no walls, people are already not buying Bitcoins, because it become clear for everybody that one of the crashes will not be followed by a next bubble: and then it's over.

If the price will not start to raise, and I mean REALLY raise, and REALLY soon, then it's game over. Just think about that.

I am sorry to say, but you don't understand: if price goes down to $300, that will not be a stop. It will just generate another wave of people who will loose their faith in Bitcoin, another wave of people who will understand that the bubble period is over. All these will generate another wave of price going down, which will generate... I am sure you see the cycle here.

There is only ONE chance to save Bitcoin only: price has to start to raise, and I mean REALLY raise, and REALLY soon, otherwise it's game over.

Yes, that's true.... but take into consideration that there are mining costs involved, so pushing the price below them (very much looks that this has started now, and nobody is willing to put his money on the table to reverse the trend), will mean that mining operation will shut down... maybe not all, but probably enough to make Bitcoin super slow, super useless. And that will make it worth 0.

If from tomorrow Paypal would accept bitcoins too, then in less than 48 hours bitcoin will be history, because Paypal will not keep the bitcoins, it will exchange as it gets it obviously. The market can't deal with a few thousands BTC either, what would be if something large as Paypal, or Apple, etc. would start to sell tens of thousands of BTC every day?

Anyway, price is going to crash obviously... make no mistake about it. NOBODY buys BTC anymore, because the market was pushed down too many times, and people lost their confidence in it.


Start looking for alternative income guys!

No, it's not that... it's market loosing confidence in Bitcoin. Simple as that. It was obvious that this will happen sooner or later. If someone thought that the bitcoin market will rocket after each crash needs to check his head with a doctor, because situation is not like that at all. With every crash market confidence is getting lower, the hope of another bubble is getting smaller.

So I really believe that this is it... the end.

If bear wins Bitcoin dies! Enjoy!

OK, so there is no big sale wall, yet the price keeps dropping...

Hate to tell, but I told so. Market lost its confidence in Bitcoin, and it doesn't matter how cheap something is if nobody wants it. This is the end of the Bitcoin era gentlemen!

Price was pushed down too many times, and probably we got to the point where nobody believes in the next bubble. The more the price goes down, the less will believe in Bitcoin; the less will believe in it, the price go down even lower, and so on. Until we get to the point where BTC will become useless (under $1). 

Congrats to all who wanted this: you've made it!

Exactly to ZERO. As you can see there are no big selling walls at all, no large sells or higher volume as usual... It simply nobody wants to invest his money in Bitcoin anymore because:

1. For every human being with a functional head on his neck it is very clear that pushing down the price, and then that magically will raise anyway can't and will NOT work forever; one of the falls will be a non-reversable fall, and there were so many already, that the risk of this is going to be the real one, is getting higher and higher; so speculators and get-rich-quick whales are pulling off, liquidating their bitcoins and stay away from this market in the future.

2. Market lost it's confidence in Bitcoin (exactly because it can be manipulated so easily). Can you imagine that a 10.000 BTC "wall" would actually mean only 3.600.000 USD? Can you see the devastating effect if somebody would raise such a big wall? Price would drop faster than you can possibly imagine. This means that whenever anybody wants to shut down Bitcoin (let's say the US government), they could make it anytime they wish.
Now imagine fiat, namely USD. Try to "dump" 3.600.000 USD to manipulate dollar's value... it's a joke, you can't.

I really believed in Bitcoin, and I feel sorry for it. I still hold a few of them, and I keep telling myself from the 600 mark that I keep it, I keep it, I keep it... Now I see that it would have a very smart decision to sell that time, and I know that they will remain in my wallet forever, because they will become worthless... it's just that I don't sell for this price, because I am a sentimentalist fool... but if I would have more brain than heart then I would sell them ASAP.

Nope, this time it goes down all the way to 0... market lost it's confidence in this, and the more it goes down, the harder (next to impossible) will be to reverse the trend.

Good bye, dear Bitcoin!

Fiat - BTC 1 - 0  (Full time)

Game over guys, everybody just hopes that he can dump his bitcoins, and those are sentimentalist, and not selling are waiting for the market to raise just a little bit to exit. Real bears, government/banks hired professional bears and forum speakers, have won this game. Plain and easy.

Time to get a new hobby, and a new job.

There is ONE MORE reason, which you ignore: some bank, government, or any such party wants to finish the bitcoin story. And they are on a damn pretty good way to make that.

Didn't thought that it is quite so easy to destroy something built in so many years...

You'll be pretty bored in the following years then...