Topic: We are now down 70% and still dropping - page 2. (Read 738 times)

It looks like bitcoin will drop to $ 3000
if that happens, I do not think it's the end of bitcoin
just the opposite, it's a good time to buy and hold it, just need to wait a few months until the bitcoin price goes back to $ 20,000 and can even be higher than that

looks liek full recovery now,   sicne typing this it went from 7000 to 7100 to 7300       ..  THE MOOOOONNN

Now that Bitcoin has gone down this week, all of sudden we're not so excited anymore. Some even believe this is not over yet. But now that the US authorities hearing is over and the outcome is not that negative, It's just a matter of weeks and bitcoin will reach 20K once more.
Then everyone will scream again: we're going to the moon!

This is an enough reason on not to sell because it is jist making the market value of Bitcoin to fall even more. Jist hold in order to mske the demand high and its market price to rise. No dump is permanent so we'll get rid of this one soon. For now, invest to some coins that you've like because the moment that coin's price starts to rise, profit will be earned.

And you got 257 merits for posts like that?  This is why I think this whole "merit" crap is absurd.  And you're hardly the only one. 

That´s exactly what I thought so many times in the recent month´s, let them sell and go to their
bank and get their 0.1 %.

I even like it that all those who jump ship will hopefully not come back, we need a stable community
who is in this for the longterm and does not just want to make a quick profit.

Who ever believes in Blockchain should invest, the rest Good Bye.

Can someone see the future?
If he exists, I would like to know this person 

What crash bitcoin is up 40% since 4 months ago.Do you know what a crash is?

The crash is real, this is unbeliviable jus the way there was a high rise in 2017,I know the crash is sure but not as low as this.

drop has stopped now.

It now seems to be going up again.  But try and be sensible this time.  Buy now if you must and don't spend
 your life savings.   But don't wait and leap in at 20k.  If it ever gets there again.  

A biggest crash that I’ve ever experienced but as you can see it’s not over yet because this technology will bounce back and correction will happen again in the future. This is the scenario every year, FUD will continue to spread but they can never stop cryptocurrency specially bitcoin because this is a kind of technology that we need in the future.

Bitcoin is up 40% since  October
 you sound like spoiled children sad because you can not have your chart always going up.Bitcoin is the future go sell it if you dont understand

Just after your few hours of posting bitcoin has stated moving upwards and it is now at +3% with green zone. So im pretty sure that bitcoin is the real deal and now you believe it too. This is the up rising of the bitcoin and no one can bit the challenge of bitcoin where it went all down to 70% and in single day came back to 3% and more. Thats the real beauty behind it and lets hope we see +70% again and the bitcoin goes ATH of 20K soon. Lets party guys because that is what bitcoin is trying to get for us. So yes man, this is normal in crypto and you should hold and hold.

Your only down 70 percent if you bought at the all time high which is stupid.  Always be patient and never buy something at the all time high.  Everything will always dip no matter how strong the bull run is.

For most of us this is the first real big crash that we cross, unfortunately we can only wait and hope that the future will be prettier for cryptocurrencies

We shouldn't be panic with the price of Bitcoin. We all know that the price of Bitcoin is decreasing rapidly but we can't say that price will be dropping all the time. Personally i firmly believe in bitcoin that it will be recovered it's price very soon.

Nobody is disputing that blockchain technology is going to be important in the future.  The question is, will Bitcoin be important?  I have my doubts.

I’ve been waiting for you to appear (well not you specifically but someone with your viewpoint).

Global economics didn’t change the minute bitcoin arrived on the scene. Bitcoin is a new way to send value across great distances, it’s not a cure all for the ills of economic instability. The protocol doesn’t set its own USD/BTC exchange rate. It doesn’t morph into an economy like a Power Ranger (shape of a stable economy, Power Rangers activate). It wasn’t designed for that. I’m sure you know that, I don’t need to explain that to you.

Professionals in economics and finance have dedicated their lives to the study of markets and money. Their insights could be used to help us and bitcoin in general but instead of really listening to what their saying everyone here spends all of their time nitpicking and attempting to tear them down. Why learn from them when we can just cheerlead and get that new ATH and profit, right. New ATH and sell, sell, sell, then find the bottom and buy, buy, buy.

I’m not going to waste our time by asking you for specific examples of when they were wrong and how. Have you really ever thought why they’re wrong when they miss the mark? What part of the picture is available and transparent for study normally that isn’t available in bitcoinland?

Most Bitcoin exchanges have no oversight whatsoever and most of them have refused to be audited by independent outside third parties. That cannot happen normally because there are laws against it. BTCe was laundering massive amounts of money for years and we were all oblivious. MtGox destroyed lives because of the lack of oversight and auditing. Bitfinex and Tether are getting ready to do the same thing again, rinse and repeat. Also, insider trading is a plague in bitcoin and happening all over the bitcoin economy that would be discovered with a little more close scrutiny. There is probably more off-book trading being done than on-book. We have no idea how many bitcoin sales are happening at Overstock.com or Microsoft because all the money is immediately exchanged off-book by BitPay.

Just the impropriety we know about is enough to make me realize no analyst, regardless of how knowledgeable or experienced, could ever completely predict the outcome of anything in bitcoinland perfectly because of the unchecked impropriety. He could, however, predict a major value crash in the near future that’s so obvious it slaps you in the face.

This is absolutely not a normal thing and the worst news is, this is not over yet. The price will keep draining and may hit $4000. I believe the price will go up again as rapidly as this fall. But honestly, this current situation was needed. A very expensive currency is very hard to use.