Topic: Let me be clear to you, this is not a Bear Martket! - page 4. (Read 780 times)

even if indeed this is a bear market condition, then this is what should be utilized, if we can only blame the market conditions that are bearish or also often blame the market when it has crawled up and we have not yet got a position. Bitcoin can still be expected for a long period of time

This can only be propagated by merchants and retail stores, both on and offline. Bitcoin circulation os spread among various countries. But it's not a readily available payment option when looking to make purchases. Except for some online services.

Volatility is one of the reasons it isn't yet accepted globally. And adoption is needed to reduce volatility

jes well you are optimistic, i think since half a year that this is a support loss spiral, and i dont think it will anytime end. you were to greedy folks you didnt introduced bitcoin with a fixed price, you sacrificed it to the speculants in the market, which ultimately wrecked the image, as it drained out all potential support. its now becomming some kind of questionable digital gem.

there is still a way for cryptoindustry but not this way.

Hi KingScorpio,

What you are essentially saying is that bitcoin is in some sort of chain system of liquidity loss. I won't disagree with you but what I will disagree with you in the method you have mentioned. Bitcoin is not well established as a currency worldwide. People really can't pay their bills using bitcoins. We certainly have some exception countries like Japan and Germany but largely, bitcoin is an investment asset to many of us. These investors don't easily sell their currencies instead they hold it up to their coffers blocking the circulation.

Death spiral happens only when we have a lot of circulation going around between the believers and non-believers. That's not the case for bitcoin for sure. People sell their bitcoin to unlock its value and to be able to use it with their eco-system. But you need to understand that as we have sellers available in the market, we also have buyers in there.

The decreasing value of bitcoin is certainly a point to worry but it's not that simple to understand the nitty-gritties of what is happening in the background when we have a lot of buyers willing to buy it from those who are willing to sell it. I am sure, we need to see bitcoin as a currency instead of an investment here! Regulation and confusing legal status is effectively blocking that aspect and we are not seeing the circulation that we need to see for bitcoin to grow. Support loss spiral is not the single reason why bitcoin price is going down. It's more for us to fathom the reason!

well i was right months ago. but i understand you, you are basically some kind of goebbels of bitcoin propaganda ministery  .

i keep with my thesis you have now wasted all potential support you once had. it now out. you are not going to be the worlds monopolistic future currency like you wanted all to believe.

they shifted from introducing a monetary system towards max profit marketed "their money"

that was quite bad idea, now they have basically swallowed all ressources or all potential supporters and paid their electricity bills and lambos with that money. it was in the end just a shift of purchasing power.

keep telling yourself that

what you are to young to understand is that your spams on bitcointalk don't make a thing in the market at all. and yet you continue to tire your fingers spamming the same nonsense here every day

There is only one name associated with the creation of bitcoin and that is, Satoshi Nakamoto. And he has never been identified.
He reputedly own a lot of bitcoins and could manipulate the value, but it is very unlikely that happened.

The bear market is used in relation with previous peak. It may have been unsustainable at that time, but the asset has shown the ability to climb to such highs. And it's now down about 79%

for all outsiders that enter this,

you have to understand that the current claim that bitcoin suffers from a "bear market" is absolutely wrong.

the bitcoin founders in their unlimited greed tried to push the price as high as possible, but ultimately wasted, aquired all possible support they were able to obtain.

without potential new kapital to attract they are now in a stuck situation, as they cant attract new capital anymore to push the value of their beloved "bitcoin"

this stagnation combined with the automatic liquidity loss (miner electricity and infrastructure bill) leads to a slow drain out of capital for bitcoin.

but thats not all, they also are trapped in a death spiral, as people that use bitcoin as a currency, will pay it to someone who doesnt share their "investor confidence"

through the existing deathspiral the bitcoin "earners" then sell their bitcoin in the market again which leads to a continueing collapse in value.

the whole story about "bear market" is just wishthinking or worse deliberate satisfaction, or moral stabilisation procedures to keep intact their "community".

from a socioeconomic perspective of bitcoins situation

according to logic, you are never in a bearmarket, but in reality in a support loss spiral

regards