Comparison to some subtle changes is interesting... The need to believe in ones own actions is compelling, sometimes compelling enough to cloud reality.....
Most are probably like getrichquick.com or bestthingsinceslicedbread.co.uk, no substance, no fundamentals just pure specualtion. Some like BTC, DGC etc have infrastructure, so they'd be more like google, amazon and ebay. @willrocks, it doesn't always take a century for a bubble to form.
Mainstream adoption. Who cares?. In general, the bulk of mainstream society has largely ditched gold and silver as a currency and means of wealth exchange. I can't spend my gold at the local supermarket or petrol station. It is only used to a notable level in places like Zimbabwe when the fiat currency hyperinflates. Bitcoin seems to differ. A growing amount of businesses are accepting Bitcoin despite a lack of crisis (if the government allows it). Whilst the market is tiny, it is of value to many/'if not all' of the people whom are participating in it (even if all they desire is a utility for speculative purposes only). Bitcoin does not need to go mainstream. Whether one cares or not is an individual perspective. I'm hoping Bitcoin can assist a fraction the worlds poorest people in some way in the future. Even to the slightest degree. I'm not suggesting Bitcoin can solve world poverty. Like a useful water purifier, Bitcoin does not need to be mainstream to bring potential benefits to various people, IMO.
Watch Dogecoin, we might have passed the "bear trap" after the "first sell-off" phase. It is going to gain a lot as media picks the subject up. Litecoin was 0.069 $ about a year ago and look where it's at right now. I say Dogecoin could easily surpass even 1 $.
Sooner MtGox goes away the better. I've been trying to withdraw 4.7 BTC I had left in there for a week now - balance has gone to zero, a hash has been generated for the transaction, but it has never hit the blockchain, and a week old help desk ticket is still waiting to be assigned to someone for support. They're the MySpace of bitcoins.
Oh yeah and the drop in price is because Apple pulled the Blockchain app from their store even though it's been on there for 2 years. http://blog.blockchain.info/2014/02/06/blockchain-response-to-apple/ If you like Bitcoin, switch to Android for your next phone purchase.
You can be sure, i wont buy any more apple devices in future. Maybe i will ban my ipad to ebay. They can share their spy fingerprint systems with their US citizens. I am sad getting watched eveything i do in the www I know google isnt better but they dont try to reduce their system to a one and only system with no way to get out.
from $800 to $620 is only a 22% drop (so far, not much of a crash). If anything its making lower lows and lower highs
I feel like there should be two definitions of a "crash" Ok so from the highs of $1100 or the $800 to $850 range afterwards it would be fair to say that a greater than 30% drop is a crash in a market sense? In a crypto currency sense.... meh just another 50% haircut :lol:
I've been on the sidelines waiting to jump back in since December. I'm sorry I missed the $420 low in that month, but with the way things are going, it looks like I didn't have to worry so much. Still, there was a chance to double money in early Jan when BTC briefly spiked around $900 and I missed that. I also missed the drop to $120. The thing is, I was actually watching the charts at that time and had the means to buy on BTC-E. Then I remembered I needed to buy petrol for the car, so I went out and when I came back later that night, I had to rub my eyes and refresh a few times. I absolutely would have been all in the moment it dropped under $200 but what are you going to do about it now, eh?
I can better that.... I put in a limit order for like $200 ages ago.... forgot about it then a few days before that spike down I was I playing around with my account and cancel my order but I forgot to put it back in.....
