Is it possible that crypto will never rebound?

SheepSuit

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Quote from: UnDerDoG81 on February 05, 2018, 02:09:28 PM

Could take as long as it took to recover from that Mtgox desaster. 3-5 years?

This is so difficult to say. Right now the big whales are all out, so the flow will be all new entrants.. but these new entrants are not going to be buying when its collapsing like this

sjefdeklerk

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SODL

I think this is a very good question and I'm glad you asked. No, it's not possible that it will never rebound. Bitcoin will ALWAYS go up!

UnDerDoG81

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Could take as long as it took to recover from that Mtgox desaster. 3-5 years?

bitbunnny

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WOLF.BET - Provably Fair Crypto Casino

To my opinion those people that you call "general population" are mostly users that have joined crypto world recently looking for a quick profit. And they are probably only making situation worse by panic selling.
The price will recover but this doesn't function on demand and someone wishes. Patience is needed.

crairezx20

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There are always possibility that the price will increase back bitcoin just having crisis these weeks due to banning bitcoin in some country base on what i searched news about it.. but it doesn't mean that bitcoin will not increase back again. its normal that we are seeing the price dropping it is just like the same as past few years that the price of bitcoin drop because of some issue about hack trading site so if you hold bitcoin that you bought past few weeks ago in high price better to wait and hold them for a long time because the price can be increase more that what happen last december.. After the issue about banning bitcoin in other country the price will getting increase back..

SheepSuit

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Of course it is possible. Blockchain technology will be implemented but it doesnt mean all these coins have to survive. However, I do think this is extreme panic right now.

sjefdeklerk

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SODL

Look at the sun. It's golden. It's a circle. It looks likes a bitcoin. The sun ALWAYS goes up! So bitcoin will too!

Febo

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Quote from: karamoris on February 05, 2018, 01:40:08 AM

What if the general population sees this crash and loses interest. So the only people who are interested are the ones left holding the coins. But also puts the people holding bags in a bad position because they can’t sell their coins because no buyers. So would you say that those still holding are telling everybody it’s a good time to buy so that they can get out? What is a cryptocurrency truly worth? Is it possible that the bullish boom emerged because kids, teens, or anybody with an allowance were investing in crypto because they saw an easy opportunity for money. And when they say HODL, when would your ideal exit be? Because if you cash out your essentially saying you still value the U.s dollar over cryptocurrency. If your investing in cryptocurrency then you should never sell because you expect it to replace the u.s dollar. Just a thought.

General population and most of people joining Bitcoin and Crypto are only interested in profits. Nothing else. If Bitcoin now starts hanging around $5-10k they will forget about Bitcoin. But every inflow of new people in crypto bring some that learn more and get interested about the technology. It was so from 2011 on at least 5 bubbles.

For me this was my first bubble. But I lived it fully since I joined way before it started. I know where was crypto in 2014 and I see the change till now. Even if I was sort of 1005 sure we will get to where we are I had no ideas it will happen so fast. What fascinate me right now is how will world look after next bubble. It will be ....

noonc

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A lot of coins are falling and not rebounding, and only a small part of them will rebound, since most Altcoin have no quality. And people only have long-term investment intentions for such promising coins that they can make money.

Herbert2020

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Quote from: karamoris on February 05, 2018, 01:40:08 AM

What if the general population sees this crash and loses interest.

if the "general population" is only interested in bitcoin and the blockchain technology to make profit then it is best if they lose interest sooner than later. and in fact that is why most of the altcoins crash and never come back to life because people are only interested in them only for making money and when their pump-ability reaches its end they give them up.

but bitcoin is more than just money making which is why it has always recovered from all of its crashes. and the more it is used as a currency the easier that recovery is going to be because that utility is what keeps bitcoin strong.

Quote

What is a cryptocurrency truly worth?

cryptocurrency is supposed to be a decentralized currency which is censorship resistance and is easy to use as a currency. the closest we get to this definition the higher the value will be. so as a side effect of this, prices will be rising and falling like this in short term but rising in long term. because in short term the wanting-more-money people are in and in long term the rest who understand the power of decentralized money.

karamoris

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What if the general population sees this crash and loses interest. So the only people who are interested are the ones left holding the coins. But also puts the people holding bags in a bad position because they can’t sell their coins because no buyers. So would you say that those still holding are telling everybody it’s a good time to buy so that they can get out? What is a cryptocurrency truly worth? Is it possible that the bullish boom emerged because kids, teens, or anybody with an allowance were investing in crypto because they saw an easy opportunity for money. And when they say HODL, when would your ideal exit be? Because if you cash out your essentially saying you still value the U.s dollar over cryptocurrency. If your investing in cryptocurrency then you should never sell because you expect it to replace the u.s dollar. Just a thought.

Topic: Is it possible that crypto will never rebound? (Read 212 times)