Bitcoin Forum

a bear run must start.

What goes up, must come down.

Have you not noticed the steady downward march since we hit 790 a few weeks ago?

Do not get trapped, there's no hope of price rise, at least not until November/December. Until then, only a death march towards $450.

The best strategy would be, to short the market. You can still profit, only if you sell now and buy back later.

Why should anyone take idiots like you seriously?

i as a non-English-speaker now know what steady downward march means thanks to you.

apparently in your city people call a drop from 780 to 650 in 2-3 days and then staying at $650 +20 -20 for more than 30 days (a near flat line) means a steady downward march.


exactly.
as if we can't open a price chart and see things for ourselves :D

I don't think that $450 at this point is seriously possible. I mean it is always a thread that bitcoin will drop that low but it would mean crisis of mining.
Recently we observed HUGE drop of bitcoin's mining difficulty, that means some big mining farm were switched off. We can't afford any more hash power drop.

I don't really mind it if the price goes down as it will allow me to scoop up some more coins at lower prices. That's how I look at the price going down. I don't see it as something bad. It's a great opportunity. ;)

Hmm. I first heard of mobile phones somewhere in the late 80s. I ended up actually getting one somewhere around 12-15 years later. That's something that's a complete no brainer that requires zero education.

It's a phone.

What is mobile.

So you can walk around and stuff and call at the same time.

Compare that to a totally new form of money when most people truly do not know what money actually is and you can see that they might take a tad longer to (a) actually understand what it is and what it can do for them and (b) warm to the idea, followed by (c) getting some, if ever.

No you don't have to take him seriously of course.He is the perfect FUDster and bearish since he is here.
Just do the exact opposite of what he is saying you will do pretty good in the long run. ;D
Simple is that.

I don't look at days. I look at years and decades. The future of bitcoin has never looked so bright.  ;)

How many decades before bitcoin hits $1000 again?

would you care to explain where you get your information about difficulty and about hashrate

because according to blockchain.info charts there has been no difficulty drop at all in the past 60 days and in fact the difficulty is rising:
reference: https://blockchain.info/charts/difficulty?timespan=60days

and also the hashrate in the past 60 days has been going up and down (like always) between two rather fixed numbers:
reference: https://blockchain.info/en/charts/hash-rate?timespan=60days

it is either me who don't see it or you are just saying random stuff :D

Stop giving the OP the attention he craves, check his posting history, it's cluttered with anti bitcoin FUD & shilling.

Theres no danger bitcoin is dropping down to $450. if it does im going all in to buy as much as i can because with it being at the price it has been for so long $450 seems like nothing. And the longer we stay at prices like we are now, the more people there will be that will be more than happy to buy as much as possible at 450. But those days are long past.

It's funny to see the same people, who were boasting of $20,000 bitcoin back before the halving, trying to smear me, calling me a fudster or such. All I'm saying is, just look at the price trend from the last few week, anyone can clearly see a DOWN trend. Now, look at the near future, what do you see? Exactly, nothing! There's nothing in the pipeline,  to raise the price. In the absence of any new development, I see no reason for bitcoin price to go up. There's only downside for now.

I've always said the price will stagnate or slide down until Nov/Dec this year when it will rocket up, why does that make me a perma bear or a fudster, I do not know.

Please correct me if I'm wrong. Calling me names won't count as correcting me, only logical responses will count.

Maybe many of us was wrong about rise, we was a bit hurry with optimistic predictions, but there is time for rise until the end of this year. We didn't see yet full effects of halving, so there is big chance for price rising.
I don't think so that price will fall on 450 $, that sounds a bit impossible. People are using btc now, and when they come back from vocation usage will grow. Bitcoin hold price on 600 + and that is everything what is important. I always vote for stability.

lol, I wish I knew? But I am a bitcoin USER. I don't care much about the price because I spend them. However the user base is growing and the production is shrinking, I'm optimistic.

Bitcoin will be worthless when people don't need to hedge their risk against conventional investment. So uh, right after Gold becomes a worthless investment.

Reward drop, user base growing, transaction nr. increasing, people losing funds (amount of dead coins rise)... Everything points out to the fact that for hodler, time is
your friend, so the main thing is that it's going to reach 1k eventually. It's all guessing, but i'm expecting it to happen by the end of the year at most for what it's worth.

ok let me take a look for you since you are not looking at the charts yourself, or maybe you don't know what "down" means.
looking at the past few weeks all you can see is stability unless you consider $5 (0.7%) and such drop as a huge down trend :D

https://i.imgur.com/e9hUKxu.jpg

Why do you think the gold will become a worthless investment? It should increase in value over the time.

Gold is definitelt not an worthless investment option, but the whole point of importance is that Gold is basically having an unending supply freshly mined Gold that is being pumped into the economy. Of course it doesn't happen with pace, otherwise Gold would lose its value in a short time, but that's what people don't want anymore. They are looking for rarity instead of old fashion investment options with an endless supply.

there was no bull run, that was a good increase not even a pump, it was very solid and slow a bull run is soem shit like the last ath rally

another reason why the 600 mark is a solid floor, is illustrated by the fact that even after the 120k bitcoin hacked, the price is still strong in that point

actually, i am quite surprised the price is holding pretty strong after something horrible happened. i would completely understand it if the price would be hovering around very low $500 prices right now, but it doesn't. maybe that's a sign that traders and the market are more and more maturing.