I told dying not died. 4.8 billion is not a lot comparing to past volumes.. Also its constantly decrease. Some big players left from bitcoin, new big players are fearing to invest in it because of HUGE drop in February.
There are millions of people who lost their life savings. A lot members here talking that such dumps already was in past and thats not ruined bitcoin. Yes, but in past bitcoin wasn't such popular as now. Today every 3rd person heard about bitcoin price dropping in February. And most of people now understand that its economic bubble (not ballon, not pyramid, not fake BUT bubble. Bubble in financial industry means that something is overvalued in its price. For example real estate in London now also bubble but not such big as btc).
Most governments of developed countries banned or partially banned crypto industry. Investors from developed countries making 90% of its price. So when I hearing "small island country legalized bitcoin" for me that means nothing. South Korea, Japan, China, Central Europe, United States - main markets for crypto. And now their governments are banning crypto by making "regulations".
I made a lot of money on it in 2015-2017. But for now I say: bye bitcoin..
If you have time then try to find how many times
BTC is dying, from 2009 until today, you can read hundreds of such post and they were all wrong. Why you think there is any differences at this point ? I can not agree that millions lost money in that last pump, maybe every third person is heard about
BTC, but number of investors are much less than you think. There is good chance for any investor to sell
BTC when the price movement changed from growth to decline, it did not happen in a few days but in few weeks.
Where you find info that South Korea, Japan or USA are banning cryptocurrency? It is just market that need to be regulated, that does not mean that crypto will be banned, just the opposite.
As you say, you made a lot of money with
BTC so you are only interested in short-term profit. Fortunately not everyone thinks that way,
BTC will survive with you or without you, and will become stronger than you can imagine.
1. Yes, exactly. But in 2009 nobody knows what is that. Now in 2018 world tv shows talking about bitcoin, popular persons, economists it was MASSIVE hype. A lot of ordinary people invested in btc just because of propaganda. They even didn't know what is that bitcoin. They just invested their life savings to make profit in some years AND thanks to such stupid people bitcoin reached 20k. BUT after it big players SOLD their bitcoins on billions dollars and stupid mass lost their assets and now they HATE bitcoin. So mass adoption is failed. Common people do not trust btc anymore and they sure that it's just bubble. We lost millions of potential investors forever. They will not forget it.
2. They can't ban it because of its independent technology and economic processes related to it. But they can make regulations which restrict that industry a lot.
3. Some years it is not short term.
If they invest for long term then nothing was lost, 1
BTC is still 1
BTC and it will always be. Investing in something about which you have no idea what is it and how is work is really a big nonsense. Mass adoption has not even started and you say it is failed just because price is pump to 20k $ and then we have big correction? I do not mind if they hate
BTC today, they will hate themselves one day because they sold and not hold.
Only way to cryptocurrency goes ahead is regulation, we can not have wild west in financial system - no government would let it go like that. But that will not kill
BTC, just look example of Japan or Germany. In that countries regulations makes things clear for all, big investors, miners or just ordinary people have full freedom when it comes to crypto.