Is it Game Over for Bitcoin? - page 45.

pixie85

hero member

Activity: 2170

Merit: 528

Quote from: 1Referee on November 20, 2018, 02:37:47 PM

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.

I don't know how you're measuring it but you never measure the bull run from 0 but from its bottom. 2000 would be a 90% correction if we started from 0 in 2017, but we didn't!
Below 800 dollars it was almost flat trading. There was no bull run there and that price should not and is not considered in real TA. Also, the ATH is not 20,000 it's below 19700. However you look at it you're off by 1000 USD.

Naster

sr. member

Activity: 699

Merit: 274

Crypto Currency Exchange, IPTV, AWS

There is no reason to see it as GAME OVER for Bitcoin.
We saw it many times in the past, it's not really a new situation.
Take it as ENTRY/BUYING CHANCE

squatter

legendary

Activity: 1666

Merit: 1196

STOP SNITCHIN'

Quote from: Abiky on November 20, 2018, 02:16:00 PM

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.

This has all happened before -- FUD, hacks and all. After the 2011 run, the price dropped by 94%. After the 2013 run, the price dropped by 87%. So far this time, price has dropped nearly 80%. Not too bad.

The highs are epic and the lows are gut wrenching. This is the same Bitcoin market I've always known. Grab some popcorn and try to enjoy the ride. Stop worrying about the price so much!

Wingleness

jr. member

Activity: 458

Merit: 2

One major reason I don't believe the game is over is the fact that people keep.buying from those selling. If actually it's over then one will buy from all those willing to sell off this assets. This is just a test of high and low risk takers.

messito

jr. member

Activity: 154

Merit: 1

there is nothing wrong with that and, as we have seen before, the price of bitcoin very often declined over several years and still returned

yecats

member

Activity: 395

Merit: 14

I think you should add more trust and faith about Bitcoin Wink

in today's price is in correction maybe and there's lot of thing that happen including news about cryptocurrency it has a big factor why the price goes down. OR you can have your option invest on other token Wink

but don't quit Wink

satosibtc1000

jr. member

Activity: 182

Merit: 1

I don't think the game is over, bitcoin will recover in the future. Think this is done for order to get rid of an extra people on market !

RonF

jr. member

Activity: 98

Merit: 1

HODL is the key to wealth

The US dollar has been decreasing in value at 5% per year for decades. Look it up - it is fact. The government is 22 trillion dollars in debt and total individual debt is another 12 trillion dollars.

Where do you think this is going? Use your brain.

I would count on gold, silver, bitcoin, gardening, chickens and eggs, friends and family, living in the country where farming dominates and everyone understands arms, ammo, and freedom.

Alternatively live in big cities where you will be eaten alive when the economy collapses.

HabBear

hero member

Activity: 1106

Merit: 637

Quote from: Abiky on November 20, 2018, 02:16:00 PM

governments have been cracking down on Bitcoin and other cryptocurrencies.

I think governments have been generally ignoring bitcoin.

Quote from: Abiky on November 20, 2018, 02:16:00 PM

In addition, there have been several hacks which have also contributed to the decline in the value of the whole cryptocurrency market.

What hacks?

Quote from: Abiky on November 20, 2018, 02:16:00 PM

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.

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.

boyptc

hero member

Activity: 3024

Merit: 680

★Bitvest.io★ Play Plinko or Invest!

It's all in gamble to me. This is one of the life time investment that I've got, if bitcoin goes to zero then that's it but I'll never regret it. This isn't a game over for bitcoin, everything's going to be good soon and it will come back.

Game over for bitcoin means game over for the crypto market itself.

bitcoincitr

sr. member

Activity: 518

Merit: 251

People were at the limit of their patience, and this drop has meant that the game is over for many people. We all know that game is now on. There are people whose plan work very well.

harizen

legendary

Activity: 3122

Merit: 1398

For support ➡️ help.bc.game

If the basis of that "GAME OVER" is because of the current happenings today then it's not making a sense to me. We are used to experienced the $200+ price back then and the current price is considered as "dream price" before. Yes from around $20,000 last year to what it is now is really a disaster but it doesn't happened overnight. And now from $7.000 mark to $4.000 mark at least we should withdstand it.

Wait for bitcoin to become worthless and that's a 100% game over. That is also the end of crypto as I believed even how good other coins are, it will have a domino effect once bitcoin become doomed.

"Trust the process"

budiarmed

copper member

Activity: 381

Merit: 1

I don't think the weak side of the market now will make bitcoin over, it's true that bitcoin falls very low but bitcoin still has a chance to recover and jump high again.

Phinnaeus Gage

legendary

Activity: 1918

Merit: 1570

Bitcoin: An Idea Worth Spending

"It ain't over till I sing !!!
Meanwhile, I'm puttin' my money in TitCoin.
And, nobody's gettin' fat 'cept Bitcoin Cash.
My bad. That was last week."

tomahawk9

hero member

Activity: 2086

Merit: 994

Cats on Mars

Game over? Far from it. We've experienced this kind of drop in the past and the price always ends up recovering. The only ones thinking or even wandering if it's the end of the bitcoin are either the noobs, also known as weak hands and panic sellers, or people who have no idea how this market works.

There's a lot of fear and panic surrounding the market right now, but even though we could even lower in terms of prices, people need to understand that this trend won't last forever, just like the past "crashes", where prices took a big hit before boucing back to new ath's.

Bttzed03

legendary

Activity: 2114

Merit: 1149

https://bitcoincleanup.com/

There has been a lot of price speculation but, from what I read, none have said that it is the end of Bitcoin. Personally, I think it's not but when it tanks to below $1000, maybe many will rethink.

seoincorporation

legendary

Activity: 3290

Merit: 3092

Not game over but is a hard moment for bitcoin. Is really sad to see the price below $5k, but still a nice price. When i join this crazy crypto world, btc was at $600 and after that, it goes down to $250, so, watch it over $4000 for me still a great price. But to be honest will be hard to see it hitting the $20,000 again. At least will take some years.

cameron_EMI

copper member

Activity: 40

Merit: 2

Quote from: 1Referee on November 20, 2018, 02:37:47 PM

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.

Yes, greediness took the troll out of everybody. If you take a good look at bitcoin's price history, it always repeats itself. This is a great deal now because many newbies started investing in bitcoin and altcoins last year, especially during around December 2017 and they are pissed off plain and simple. Angry mob gets bigger and bigger every time bitcoin crashes hard.

slaman29

legendary

Activity: 2674

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Livecasino, 20% cashback, no fuss payouts.

Game Over when we're still not yet at 90%? I would worry at that, so 1999 will be the price that gets me a little scared. But I'll know from the past others have been through that it's a cycle that's happened before and will definitely happen again, but maybe with more years in between. Everybody talks about experience and yet they're still not prepared when the old stories come round again. Glad to be in my first bear. Stories for everybody to share in a few years from now!

1Referee

legendary

Activity: 2170

Merit: 1427

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.

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