Bitcoin has been on steady decline and is now at $75. Discuss.
 

Topic says it all.

Would be nice to see some of the same people that were saying gold wasn't a bubble to say Bitcoin wasn't, too.

you have some?

I think it will continue to go down, perhaps to $50. From there it will even out until the next bubble next year.

I will just say BURNNNNNNN

Who could have predicted currency controls would have resulted in capital flight :upsidedow

It's down over 40% in the past 30 days, it's just as well clever people like Franck took a buy and hold position :thumbsup

SSDD... :2 cents:

http://cdn0.dailydot.com/cache/92/99...0cad540cc3.jpg

http://cdn0.dailydot.com/cache/96/7f...d244cbce5f.jpg

:stoned

ADG

LTC is way up?

if frank was here he would be like:

"imbecile! don't you see its stronger than EVER! you idiot! ill put you on ignore!" :1orglaugh:1orglaugh:1orglaugh

It's real potential is as an online currency. I've never understood those who saw it as an investment. As long as it is eventually relatively stable I would not care if it went down to $1. Just increase the proliferation and make it as popular as Paypal.

not enough to call it done, if it was 7.5$ then maybe

.. and then harass you with his 16 fake nicks

i do miss catching him talking to himself..

well, the simple fact is it is stronger than ever. the decrease in valuation, imo, is due to media hype bringing in opportunistic investors who thought they could get rich in a couple months with exponential growth.

when they figured out they missed the rise, they cashed out. mtgox can certainly also be looked at as a reason for the selloff.

but there is gobs of vc money flowing in now, new ideas, roadblocks removed and the riffraff investors are moving on.

that all bodes well for btc.

So franck only shows on GFY when BTC is over $100 USD?

Ya, I never understood people that said they were doing that. It was pretty clear you needed to buy low and sell when it was at those incredible highs and rinse and repeat.

Did they think it was just going to keep going up?

Yeah.. should have sold them to me when it was still at $85. Oh well. You lose. :1orglaugh

The stock market, before the financial crisis was floating around 12,500.

The market crashed and people had no option but to keep hold of what stocks they had, or lose a lot of money.

Where is the stock market at right now?

Sometimes you gotta take the bad with the good, there will be a recovery, depends on how long that recovery for BTC will take.

On the plus side, those of that did diversify into other crypto currencies, such as LTC are seeing some decent gains which is enough to off-set the potential losses on BTC.

he quit posting on GFY all together.

Suckered in by people like Max Keiser who claim Bitcoins will be worth $1000, $10,000 or 100,000 each.

What other nicks did he have? I always thought Dark Jedi was one of his nicks, very similar writing/trolling style

Incredible that someone would waste so much time doing that

the kyro one or something.. he'd post with his main nick, then troll with his fake nick

it just so happened that night he was drunk? and forgot which user he was

The french sure have a strange sense of humor :helpme

thought he was dutch?

Just because you live in Holland doesn't make you dutch :) He's French

There are only two things I can't stand in this world. People who are intolerant of other people's cultures... and the Dutch.

Are you a Franckophile? :upsidedow

http://www.bloomberg.com/image/iBOOZqUqjloQ.jpg

:stoned

ADG

touche :winkwink:

$75? That boat sailed this morning.

2 months old news?

The subject of the thread said it was a steady decline; I figured there had to be a reason and that it did not happen earlier in the day. :2 cents:

LOL no :)

He bought my first ever domain name, must have been around 12 - 13 years ago, this was before I had a credit card. He was a pretty decent person back then before he found GFY and started the trolling, although he used to do that on other boards in a more comical way.

He had pretty much the first ever Candid paysite, cracker domain name too! I dunno if he or Heymatty owns the domain/paysite now.

That was before GFY existed and he was known as Battuss

Interestingly when the Dwolla news hit the price of Bitcoin actually rallied and increased for over a week. Mt Gox suspending $ withdrawals for 2 weeks has been a factor in the decline

Interesting :) What do you not like about the dutch? I think a lot of people culturally don't understand the Dutch, they can be very direct people and say exactly what is on their mind and a lot of people misconstrue that as them being rude of arrogant.

We knew him as Battuss here in the beginning

Pretty sure he was being sarcastic :2 cents:

Well that explains a lot ??...

It's a quote from one of the Austin powers movies.

Good times, good times. I miss the many faces/nicks/personalities of franck sometimes. There's a notorious idiot on MP's board who does that. Psycho-chicken-ville. :1orglaugh:1orglaugh