Topic: Is it Game Over for Bitcoin? - page 40. (Read 48128 times)
The game isn't over, but it sucks out when some countries ban. although I won't think Bitcoin price would fall even more because of its stability from the past year.
It's a bad time for Bitcoin. Because the price has dropped a lot, but bitcoin again will come back with good spirits. This does not mean that Bitcoin's game is over.
Bitcoin isn't the one that should be blamed for people's greed, because the price in no shape or form reflects the utility of Bitcoin, just people's greed.
It actually surprises me that you bring this up, because when I look at the date you registered your account, you (in case you are still the same account owner) very likely have seen the market tank below $200 back in early 2015. Back then people said it's game over as well, and here we are. It's just another cycle we are going through.
$20,000 versus the various correction scenarios.
80% = $4000
85% = $3000 (my guess based on technical ball analysis)
90% = $2000
We're getting there.
It actually surprises me that you bring this up, because when I look at the date you registered your account, you (in case you are still the same account owner) very likely have seen the market tank below $200 back in early 2015. Back then people said it's game over as well, and here we are. It's just another cycle we are going through.
$20,000 versus the various correction scenarios.
80% = $4000
85% = $3000 (my guess based on technical ball analysis)
90% = $2000
We're getting there.
Yes. Back in 2015, prices used to decline massively which caused many disappointments across holders of Bitcoin. However, I didn't worry much at that time since I was nearly starting with Bitcoin and didn't have any large investment in it. As soon as I've started to learn more about Bitcoin, I've decided to buy more coins to hold them into my wallet for a long time. In 2017's price surge, I've managed to gain lots of profit, by selling to USD. I've left a certain amount of Bitcoin in my wallet for future prices increases.
Nowadays, Bitcoin prices have declined sharply (probably at a higher level than past occasions), which seems to be quite disappointing at least in the short term. Some way or another, Bitcoin's prices must rise to unprecedented levels (due to its finite supply). As you've said earlier, it's not about the price but instead the utility of a specific cryptocurrency. However, looking at how negatively prices are being impacted each day, I have no other choice but to sell all my BTC to USD (at least in the meantime while the market settles) to prevent any further losses.
Nonetheless, from what I've seen, this is only a matter of patience. Those who cannot wait would greatly miss an opportunity of a lifetime to multiply their investments. If Bitcoin remains fully functional as a cryptocurrency for censorship-resistant payments, then there should be nothing to worry about.
I think governments have been generally ignoring bitcoin.
Well most of them, but there are still some governments which have been against Bitcoin. For example, India has banned Bitcoin completely, as well as, China. It's said that they might consider legalizing Bitcoin in the long term, but it's up to debate. At least, Bitcoin and other cryptocurrencies are much friendlier within the US, UK, and even Malta.
What hacks?
Coincheck exchange hack (which affected NEM) and Parity wallet hack (ETH). Although, I don't think they've been the main reason why the market has been on a downfall, they've had an impact on both ETH and NEM at least in the short term.
No investment can be trusted to lose value, that's one half of the equation you accept when you buy an investment...the opportunity to gain is matched equally with the opportunity to lose.
Thanks for the tip. I guess that it's best to secure profits in USD whenever prices rise a little, to prevent further losses in the long term. I'd say that I would keep at least 25% into Bitcoin, while the rest (75%) will be kept in USD. That way, no matter if prices fall, my losses would be less than having it all in Bitcoin. With that same USD, I would be able to buy more Bitcoin at cheap prices. However, it's best to wait until prices have reached a bottom before deciding to grow your stack of coins.
even though the price of bitcoin is currently dropping very dramatically, it does not mean that bitcoin will just end, because when bitcoin starts to decline in price I see many people watching it, and starting to take a break to buy. because they believe the price of bitcoin will return to the moon /
With this big deflation of all cryptocurrencies like bitcoin many of us thinking that it is now maybe the end of cryptoworld. But I think it is only a behavior of crypto's to have a very volatile in condition and will not going to an end but rather it will keep on changing might be decreasing or increasing. Like this time it is just a challenge to all crypto enthusiast how can we handle this moment of long bearish cryptomarket trend.
Prices have been on a constant decline ever since this year began. There's been FUD all over the place, and governments have been cracking down on Bitcoin and other cryptocurrencies. In addition, there have been several hacks which have also contributed to the decline in the value of the whole cryptocurrency market. As such, many people have lost their faith in Bitcoin and cryptocurrencies in general, as they've lost a lot of money.
Despite this, it seems that most holders would not give up on Bitcoin no matter what. But, if Bitcoin keeps declining in value until it becomes worthless, then long-time holders (like me) would become disillusioned. For those who want to protect their investment, there's the option to sell Bitcoin into USD or exchange it towards a stablecoin like Tether. However, even Tether has lost its peg (although in some occasions it heads back to $1) sometime this year, which means that not even stablecoins can be trusted.
Nonetheless, what are your thoughts about this? Will it be Game Over for Bitcoin? Or will everything go back to normal soon?
Despite this, it seems that most holders would not give up on Bitcoin no matter what. But, if Bitcoin keeps declining in value until it becomes worthless, then long-time holders (like me) would become disillusioned. For those who want to protect their investment, there's the option to sell Bitcoin into USD or exchange it towards a stablecoin like Tether. However, even Tether has lost its peg (although in some occasions it heads back to $1) sometime this year, which means that not even stablecoins can be trusted.
Nonetheless, what are your thoughts about this? Will it be Game Over for Bitcoin? Or will everything go back to normal soon?
never over. Early 2017, bitcoin price is much lower even
Yes, if the rejection keep happening, bitcoin will be back into year 2014 where the value still $ 299 / btc , there year where I knew bitcoin.
We already aware that crypto value depend on supply and demand so it's consider volatile investment like happen on this week.
I'm not surprise at all because I have prepare , and how about you ?
We already aware that crypto value depend on supply and demand so it's consider volatile investment like happen on this week.
I'm not surprise at all because I have prepare , and how about you ?
It depends on what you define as normal, you will be satisfied with what happens or not, in my case, I am waiting for mass adoption and I really do not care much about the price that bitcoin ends if that means stabilization and real use, right now bitcoin is being used more as a store value than as a replacement for the banking system.
Prices have been on a constant decline ever since this year began. There's been FUD all over the place, and governments have been cracking down on Bitcoin and other cryptocurrencies. In addition, there have been several hacks which have also contributed to the decline in the value of the whole cryptocurrency market. As such, many people have lost their faith in Bitcoin and cryptocurrencies in general, as they've lost a lot of money.
Despite this, it seems that most holders would not give up on Bitcoin no matter what. But, if Bitcoin keeps declining in value until it becomes worthless, then long-time holders (like me) would become disillusioned. For those who want to protect their investment, there's the option to sell Bitcoin into USD or exchange it towards a stablecoin like Tether. However, even Tether has lost its peg (although in some occasions it heads back to $1) sometime this year, which means that not even stablecoins can be trusted.
Nonetheless, what are your thoughts about this? Will it be Game Over for Bitcoin? Or will everything go back to normal soon?
I think this is not the end of bitcoin, this has been predicted by many people but they don't want this to happen. I myself don't like this and the price seems to be going down.Despite this, it seems that most holders would not give up on Bitcoin no matter what. But, if Bitcoin keeps declining in value until it becomes worthless, then long-time holders (like me) would become disillusioned. For those who want to protect their investment, there's the option to sell Bitcoin into USD or exchange it towards a stablecoin like Tether. However, even Tether has lost its peg (although in some occasions it heads back to $1) sometime this year, which means that not even stablecoins can be trusted.
Nonetheless, what are your thoughts about this? Will it be Game Over for Bitcoin? Or will everything go back to normal soon?
Do you still believe in bitcoin if the price can be under $ 2000? I am afraid people will lose confidence in Bitcoin
It not a game over yet in fact the game have just started and at that let be ready to play on, bitcoin ever since the unset is termed a volatile assets and at that we must learn that the price can never be stable and since bitcoin does not have a fixed price it can move which ever ways it price can go up and at the same time comes down, and the only thing responsible for this is the force of demands for it in the exchange market.
Still no, Bitcoin system is already operating and only people can decide for this if bitcoin will going to end by losing some interest in investing bitcoin. However, it seems that bitcoin has a solid and loyal community though investors are dumping already their bitcoins but it doesn't that they stop their love with bitcoin. Still they will go back and invest again.
the end of Bitcoin? I have never felt that this is the end of Bitcoin because Bitcoin is a currency whose price is not stable. so the current decline is a natural thing in my opinion. for me Bitcoin still has a very high value, but a very high increase last year made Bitcoin currently look very low.
I agree.Bitcoin is still the most expensive crypto coin today so it will not be a game over yet.I think a correction is just happening this year.Next year would be another great price for bitcoin because the price will surely rise up again just like what most of the early adopters believe. 
I think that if you are a really smart investor then you should have foreseen such a turn of events! Normal market cannot grow steadily.
I don't think the market will experience normal, of course it rotates continuously. because the change of time always happens. so we have to know that the BTC position will not always be down, of course it will be over again, we have to wait for that. first the price of btc isn't what it is today, but btc increases too.
the end of Bitcoin? I have never felt that this is the end of Bitcoin because Bitcoin is a currency whose price is not stable. so the current decline is a natural thing in my opinion. for me Bitcoin still has a very high value, but a very high increase last year made Bitcoin currently look very low.
I think that if you are a really smart investor then you should have foreseen such a turn of events! Normal market cannot grow steadily.
I don't really think that the game is over for bitcoin, the best is yet to come. Just because of a downfall it doesn't mean the game is over.
The irony of every thread during 2017 and now:
2017, there are threads that praising bitcoin as if it is the king of currency.
2018, threads are discouraging and keep asking about the fall of bitcoin.
Only one year passed by, bitcoin differ from what it was when I joined in this community. I thought I am lucky to see cryptocurrencies in my wallet but all pf my expectation turns into dark when market get down.
2017, there are threads that praising bitcoin as if it is the king of currency.
2018, threads are discouraging and keep asking about the fall of bitcoin.
Only one year passed by, bitcoin differ from what it was when I joined in this community. I thought I am lucky to see cryptocurrencies in my wallet but all pf my expectation turns into dark when market get down.
Prices have been on a constant decline ever since this year began. There's been FUD all over the place, and governments have been cracking down on Bitcoin and other cryptocurrencies. In addition, there have been several hacks which have also contributed to the decline in the value of the whole cryptocurrency market. As such, many people have lost their faith in Bitcoin and cryptocurrencies in general, as they've lost a lot of money.
Despite this, it seems that most holders would not give up on Bitcoin no matter what. But, if Bitcoin keeps declining in value until it becomes worthless, then long-time holders (like me) would become disillusioned. For those who want to protect their investment, there's the option to sell Bitcoin into USD or exchange it towards a stablecoin like Tether. However, even Tether has lost its peg (although in some occasions it heads back to $1) sometime this year, which means that not even stablecoins can be trusted.
Nonetheless, what are your thoughts about this? Will it be Game Over for Bitcoin? Or will everything go back to normal soon?
Despite this, it seems that most holders would not give up on Bitcoin no matter what. But, if Bitcoin keeps declining in value until it becomes worthless, then long-time holders (like me) would become disillusioned. For those who want to protect their investment, there's the option to sell Bitcoin into USD or exchange it towards a stablecoin like Tether. However, even Tether has lost its peg (although in some occasions it heads back to $1) sometime this year, which means that not even stablecoins can be trusted.
Nonetheless, what are your thoughts about this? Will it be Game Over for Bitcoin? Or will everything go back to normal soon?
Bitcoin isn't game over yet. Although based on what I have heard to the other bitcoiners that the market is red or down, its not necessarily means that it is game over now. I think it is natural to be at low point because I believe it will once again bounce back at its highest. Bitcoin is not on its 100% so it will continue to run until reaches that limit.
This is the best time to invest into cryptocurrencies no matter what is happening now. Most people are loosing interest in it and I think the bull market will start when people had soled all their BTC.
However, the game is not over for bitcoin completely .It is in only cryptocurrency that some people loose interest whenever there is bearish market.people should be sensitized, enlighten and made to understand that bearish market is not happening only in cryptocurrency.
Currently ,Goggle lost $14b,Amazon lost $60b and Apple lost $39b.The question is would bull run kick start again ?The answer is yes.The question still remains who will benefit from the bull run?They are those ones that invested and hold not minding the negative direction or bear market crypto is subjected into.So,the game is not over for bitcoin,we still have a long way to go.My own piece of advise is buy bitcoin and other cryptocurrencies backed with a real already existing product.You will see the benefit at last.No condition last forever .
Currently ,Goggle lost $14b,Amazon lost $60b and Apple lost $39b.The question is would bull run kick start again ?The answer is yes.The question still remains who will benefit from the bull run?They are those ones that invested and hold not minding the negative direction or bear market crypto is subjected into.So,the game is not over for bitcoin,we still have a long way to go.My own piece of advise is buy bitcoin and other cryptocurrencies backed with a real already existing product.You will see the benefit at last.No condition last forever .
Jump to: