Don't you think Bitcoin will die over the summer?

plr

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Quote from: SadlyFox on June 04, 2021, 07:43:52 AM

Recently, the price of bitcoin has dropped by almost 1/3. The beginning of May is 58 thousand, now it is already 38 thousand. The chart is steadily falling down. Will Bitcoin die in the summer? Cheesy

With that emoji obviously, you are joking, readers who take you seriously have issue understanding the market, if this thread was created back 10 years ago I could have believed it but we are already on our 12th year and there are halvings that happened and we are doing great over the years, this is indeed a big joke.

karanggatak

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the current situation is normal, bitcoin dropping from its all time high is just a correction, bitcoin will not die, look at bitcoin history from 2014 until now the chart is always the same, maybe we are currently seeing bitcoin crash badly and it seems like it will not come back back to the all time high but we don't know what will happen in the next 4 years when the halving arrives, study the chart first before asking.

Spack17

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I'm nearly one hundred percent sure that Bitcoin won't die over the summer. Grin

I can't make a prediction like this just because we saw a big dump in the market. It would be so unfair to Bitcoin. We have always had times like this. We will get through these days and see Bitcoin shining bright again.

Chathusand

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Many factors contribute to bitcoin's decline, including people's boredom and the difficulty of making profits in buying and selling. There are also many large countries that prohibit transacting in any way using bitcoin, causing potential investors' fears to change and their direction to make transactions with bitcoin or any token.

LUCKMCFLY

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I DO NOT think that in summer or winter, maybe for now the price of BTC can consolidate in the ranges of $ 40k to $ 50k, not bad, taking into account that investors are waiting for the best moment to apply their bullish force, in this article talk about a possible pricing scheme:

According to Rekt Capital said:

Quote

“It is really important that the 21 WEMA doesn’t turn into resistance upon a BTC recovery towards the low $40,000s (i.e. the price level where the 21 WEMA now resides).”

Source: https://ambcrypto.com/analyst-this-price-range-could-be-bitcoins-new-home-for-the-next-few-weeks/

This is a super good price range for many to invest in, knowing that the last ATH was around $ 64k, the price of BTC will be much higher when it recovers.

Obito

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That's a really bad word to put in question regarding bitcoin, it's like stock market, it can go down but it won't die, we might see it again at it's worst but we know that it will only go up in the long-term. Also, summer is kind of a random season to pick for the prices to go down like a disaster.

ziyaaa

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I give zero chance for something like that to happen. Bitcoin is just having one of its recession periods. I believe that it will start to recover after we leave the summer behind.

Hughes_Ryan

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Quote from: SadlyFox on June 04, 2021, 07:43:52 AM

Recently, the price of bitcoin has dropped by almost 1/3. The beginning of May is 58 thousand, now it is already 38 thousand. The chart is steadily falling down. Will Bitcoin die in the summer? Cheesy

The price drop during the summer is understandable, bitcoin has been in the longest bull run in market history. What happens in Q1 with over 100% growth. If you think Q3 we will SHORT, Place it with your BtC available

2 weeks left to end Q2, let's see what's up, price is 35% off now. The best will come next.

ILuckyGuyI

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It's a funny joke. Grin

But no, it won't die of course just because the price has fallen down this much. But it seems like we will continue to see the price getting stuch at these levels during the summer.

barbara44

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Quote from: fullhdpixel on June 18, 2021, 01:30:42 PM

the "die" word is wrong there that is true. However I think it is more about "will bitcoin go down more during summer?" type of situation if you ask me. We did move from 20k to 4k and then went to 64k, that is something over course of few years but it did happened and if you are smart enough you would have made a ton of profit, I wasn't smart enough for that but I did made a near 9x level profit during that period as well.

But that doesn't change the fact that bitcoin dropped a lot for the past 1.5 months and the question is basically do you think that will continue? Only newbie may get such question and those long term holders will never rise any of such things.

Yeah, I personally think there could be a bit more drop, I know that it will go up in 2022 once again, by the looks of it 2021 is not the year we imagined it will be, the first half was good but second half could be bad, but that means after each bad there is a good and after each good there is a bad, we are living the bad now so that means 2022 should be a good year, kind of like 2019 where it doubled from 3.5k to 7k and even though it wasn't care because it saw 14k in the middle, I feel like similar thing could happen in 2022, but for now summer doesn't seem too good.

fullhdpixel

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Quote from: Hypnosis00 on June 16, 2021, 05:47:11 PM

The dump, the crash, market correction...what else?
These are not things to consider and think that Bitcoin will dump. Think that from $58k down to $38K, we are still from $0. If you can remember what happens before where Bitcoin drops from $20k to $4k? And yet, we are still alive and even it grows more.

You will say it die over the summer? Nothing can tell the future of Bitcoin, it was unpredictable.
It dies only when we all die.

Well, the "die" word is wrong there that is true. However I think it is more about "will bitcoin go down more during summer?" type of situation if you ask me. We did move from 20k to 4k and then went to 64k, that is something over course of few years but it did happened and if you are smart enough you would have made a ton of profit, I wasn't smart enough for that but I did made a near 9x level profit during that period as well.

But that doesn't change the fact that bitcoin dropped a lot for the past 1.5 months and the question is basically do you think that will continue? Only newbie may get such question and those long term holders will never rise any of such things.

LUCKMCFLY

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The market tends to give many surprises, in an article that he had read before he said that an analyst affirms that what is happening in the market is a bearish trap, that the price level at $ 41k made it touch on purpose, however this article shows a totally different opinion:

Quote

A clear upside break above the triangle resistance could spark bullish moves. The next resistance is near the $41,200 level. A close above $41,200 level is likely to stage a move towards the $43,500 level.

Source: https://www.newsbtc.com/analysis/btc/bitcoin-consolidates-rally-42k/

I´m much more inclined to believe in this analysis that it is due more to market speculation, but not to assumptions that can be full of uncertainties, however any scenario should be expected.

OgNasty

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No.

Hypnosis00

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The dump, the crash, market correction...what else?
These are not things to consider and think that Bitcoin will dump. Think that from $58k down to $38K, we are still from $0. If you can remember what happens before where Bitcoin drops from $20k to $4k? And yet, we are still alive and even it grows more.

You will say it die over the summer? Nothing can tell the future of Bitcoin, it was unpredictable.
It dies only when we all die.

Quote from: virtualdn on June 04, 2021, 07:53:58 AM

Quote from: SadlyFox on June 04, 2021, 07:43:52 AM

Recently, the price of bitcoin has dropped by almost 1/3. The beginning of May is 58 thousand, now it is already 38 thousand. The chart is steadily falling down. Will Bitcoin die in the summer? Cheesy

Yes it will die. It will go down to zero. You better sell all your BTCs right now and give them to the whales and Elon Musk. You will be safe with FIAT. Sell everything now, just do it.

I know what you mean.
There is nothing we can do for these weak hands but to encourage them to sell so stop them thinking about Bitcoin and just to leave after it sold.

Lanatsa

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Bitcoin is dead and its already been declared 400x.

https://markets.businessinsider.com/currencies/news/bitcoin-potential-declared-dead-media-402-times-since-inception-track-2021-3-1030156713
https://99bitcoins.com/bitcoin-obituaries/

We would see continuous claims and those numbers would be adding up for sure. Cool

Silberman

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Quote from: SadlyFox on June 04, 2021, 07:43:52 AM

Recently, the price of bitcoin has dropped by almost 1/3. The beginning of May is 58 thousand, now it is already 38 thousand. The chart is steadily falling down. Will Bitcoin die in the summer? Cheesy

Do you know how many times bitcoin has been declared dead? While there is a site that keeps track of that it only counts articles or declarations by important people so we do not really know that number but I think it is easily above tens of millions of times and guess what? Bitcoin is still here, to think that bitcoin is going to die over something as small as a price decrease really shows that you have no experience in this market and how it moves.

InvoKing

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✋(▀Ĺ̯ ▀-͠ )

Quote from: ?? on ??

Quote from: SadlyFox on June 04, 2021, 07:43:52 AM

Recently, the price of bitcoin has dropped by almost 1/3. The beginning of May is 58 thousand, now it is already 38 thousand. The chart is steadily falling down. Will Bitcoin die in the summer? Cheesy

After ten years I still have no idea what will kill Bitcoin while the world is still existing maybe a war, so far a pandemic failed to kill it, if ti's only dropping of the price I don't think it's going to happen because we have see the price drops a thousand times, you just need to check the chart, history, only newbies will have this kind of thinking.

The only thing that will die is shitcoins and the people behind it and those that spam this forum with nonsense while seeing bitcoin price pass 100k.

albon

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Bitcoin doesn't die, for years and until now it is still steadfast and has known its value to billions of people and felt its strength, if its price drops to 30K, this doesn't mean that it died, but rather it means that it is the time to buy and the time to fill the bags until its price rises again to break a new trend.

Yaunfitda

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Quote from: Lorence.xD on June 12, 2021, 03:35:29 AM

Death in this context is taken so lightly, what do you exactly meant with bitcoin dying? That it will be abandoned? That's a stupid thing to say don't you think? Also, summer is different for different countries so I don't think that it will die in the summer.

Perhaps what the OP meant is that bitcoin will literally go to zero, so it's obvious for us, specially those who have been in this market for many years, this is not going to happen. I guess that his is own opinion, or maybe it was just for the semantics calling bitcoin will die in the summer.

Bitcoin has proven it's resiliency, it won't simply die just because China will ban crypto mining, or Elon Musk saying negative things about it. Bitcoin will live as long as there are people like you and me supporting it in the future.

Lorence.xD

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Death in this context is taken so lightly, what do you exactly meant with bitcoin dying? That it will be abandoned? That's a stupid thing to say don't you think? Also, summer is different for different countries so I don't think that it will die in the summer.

Topic: Don't you think Bitcoin will die over the summer? (Read 647 times)