Poor Bitcoin...

[clickity click]

Everytime I look at the price it's dropped lower. Currently at $172 on Bitstamp although all other exchanges reflect the same picture.
I thought $300 was about right. Bitcoin Ticked along at that price for some time, gradulally losing value but recently it's getting hit fucking hard.

What are your (o wise GFY) predictions for this date 2016?

[seeandsee]

lot of people will buy now, but one day there will be no jump of value

[clickity click]

lot of people will buy now, but one day there will be no jump of value

If lot of people were to buy now would this not push price up, not down?

[420]

If lot of people were to buy now would this not push price up, not down?

Depends if a lot less people are selling than buying. Some people that buy now will unload as soon as their target price is met. That might stop a small rally.

[edgeprod]

Anyone who thought it was a "get rich quick scheme" deserves to have lost money.

Right now, it's not profitable to mine -- miners are selling coin to pay the bills (and keep servers in the racks). It's flooding the marketing, and we saw a major correction already. Soon, the difficulty of Bitcoin mining will go down (it will be adjusted to account for fewer miners), making it profitable again, driving price gains, and then repeating the cycle.

[slapass]

Did they ever find a reason to be.

[Lace]

I'm holding on.

[tammix]

I trade my '76 Pinto for bitcoins

[$5 submissions]

If you want to make money selling ebooks on making money with bitcoin, let me know.

[Penny24Seven]

Spent 21K today getting it at a few different prices from 165 to 175. Mark that down and I will let you know when I sell

[SlammedMedia]

Spent 21K today getting it at a few different prices from 165 to 175. Mark that down and I will let you know when I sell

yeah....

[SlammedMedia]

If you want to make money selling ebooks on making money with bitcoin, let me know.

Brian837 is wanting to know for sure!

[Penny24Seven]

Brian837 is wanting to know for sure!

been doing it for years and posting about it. I have helped many and if I wrote an ebook it would be more like an epage.
Don't hate just try it and don't get scared and give up by cashing out "because you will only lose a little if you do it now"
It has gone up and down 1000 times. Sometimes you wait 3 days and other times you might have to wait 2 months but you will make a nice profit and then do it again.
The only time you will lose is when it crashes and never comes back.
It could happen someday but until then ride the wave!

[AllAboutCams]

Sold all my stock today shame it takes 3 days for the money to reach my account then im buying as many bitcoin as i can get.

[Joshua G]

still puzzled why this e currency of all of them became the chosen one.

i can understand backing an algo written by steve jobs. But satochi whothefuck?

MT gox - magic: the gathering online exchange? WTF???

its almost like a brilliant troll conceived the entire thing.

[DAMNMAN]

Anyone who thought it was a "get rich quick scheme" deserves to have lost money.

Right now, it's not profitable to mine -- miners are selling coin to pay the bills (and keep servers in the racks). It's flooding the marketing, and we saw a major correction already. Soon, the difficulty of Bitcoin mining will go down (it will be adjusted to account for fewer miners), making it profitable again, driving price gains, and then repeating the cycle.

this!!!!

[freecartoonporn]

Anyone who thought it was a "get rich quick scheme" deserves to have lost money.

Right now, it's not profitable to mine -- miners are selling coin to pay the bills (and keep servers in the racks). It's flooding the marketing, and we saw a major correction already. Soon, the difficulty of Bitcoin mining will go down (it will be adjusted to account for fewer miners), making it profitable again, driving price gains, and then repeating the cycle.

do you still have those mining rigs running ?

[edgeprod]

do you still have those mining rigs running ?

Absolutely not. They went offline when we crossed $250, and won't come back until then. I have a deal worked out with the data center where I pay a lower price when they are not running.

I didn't mind the pop from $165 or so, where I dipped back in, to around $220 today.