The price is around $3500 now. Price has only went down. If it does go up, it goes back down later on. Does anyone here think there is no future for btc anymore? When the price went to 5k then 10k then 15k and then close to 20k, i thought... wow i think by end of 2018 it would be 50k at least. And then it dropped all the way down and now its even worst. I had thought mcafee prediction of 1 million in few year was foolish. But i thought by then, 100k would seem very reasonable. Now... it doesn't even look like it will hit 10k even for a very long time.Does anyone here there is no future for btc anymore? Anyone that has bought btc and held it for the last 1.5 year already is down a lot of money unless you are trading and even then most traders are losing.
I had thought wow if btc would go up to 50k, that would be a decent size of money. And if it go to 100k, i would be happy. And if it ever goes to 300k, wow that would be more than good enough. I did thought about hey imagine btc goes up to 1 million, then well most people would be millionaires if they had at least 2 btc etc. So someone with 5 btc would feel very good. But now... it doesn't seem like any of this would happen anytime soon? There is basically no progress at all for btc.. it keeps going down.
I thought to myself... wow if btc goes to a high enough price, i might not have to worry about money anymore. Thus anyone here with a job or no job or low paying job or whatnot, btc might be enough to not worry about money anymore. I mean i'm sure tons of people thought about this right?
I think that the main thing you're completely wrong about here is how price correlates to long term success.
Prices are subject to fluctuations because bitcoin is traded on the free market, and prices are bound to be affected by factors such as natural market cycles as well as things like market sentiment. They are in no way shape or form representative of the long term potential or fundamentals of bitcoin.
You in saying bitcoin doesn't have a future simply because prices are no longer going up by hundreds every day and markets aren't overheated is completely absurd. What bitcoin's future success should be measured by is adoption, acceptance, and the network underlying the coin. Not price. Besides, we are in a bear market right now so I don't understand what is there to worry about.