Bitcoin Forum

Is this the beginning of the death of Bitcoin? Well, the topic is now resurrecting again now that Bitcoin just experienced one of the biggest bloodbaths ever in its trading history. And this the trend right now for the whole cryptocurrency market...we are seeing waves of red all over.

No wonder the FUD community is now having a fiesta...they think that this can be the start of the end of the world...I mean the end of Bitcoin and that it can crashed soon towards the $100 price.

Are they kidding me?

Oh my goodness! I hope not, I'd lose a lot of money if this was the case. I don't think this is the end of Bitcoin, it is only the beginning. Bitcoin is only down 4% for the week so I don't see what the fuss is about. China banned ICOs, but that's just about it. Bitcoin is volatile so we can expect things to happen like drops of 10 to 20% in a day or even more. What really matters is the long term. The long term trend is up and I expect it to further continue that way.

I don't believe that this is the beginning of the death of bitcoin. Even if I'm a noob here, I still believe that crypto era has just begun. That's my opinion though.

If the price did drop to $100 how long do you think it would take to regenerate the amount of momentum and growth we've seen this year? I'd live $100 bitcoin....one more chance to average down the cost position!

Your opinion is right, this is not new and it's happened so many times I think this is the 100th times where people shouting it's the end of Bitcoin but after a week Bitcoin resurrected, maybe a good news can push Bitcoin again to rise, let's see what happen in the next two weeks.

of course they are kidding you, history repeat itself, I think this is only the effect of banning ICO in china, time to buy people.

Some believe the crypto era is ending with the adoption of quantum computers.   :-\

you also have made the atmosphere becomes more bloody. where do you get info about FUD? paste each link you bring the news, it will be better. this news will only make the bitcoin community upset, in my opinion this is just an issue to destroy bitcoin, while the creator of the issue has put up a net to accommodate more bitcoin at cheap price

let them speculate that it is the death of bitcoin, but remember, this isn't the first time of bitcoin tragedy, there's a lot of happen in the past, but what happen? bitcoin is always survive and even more expensive than before, this is just a correction because bad news from china. and $100? they're totally joking. I thought even if its reach $2k, I believe there will be a very huge buy wall. This is just a discount time for those who always believe in crypto currency especially bitcoin.

If price action goes below $2000, then you can be worried. Until then, we're doing fine.

The crypto era has just begun. Especially recently, crypto's exposure is getting more and more, with the 5 major banks working together on a new Crypto

when the tiger hunts their target then tiger goes behind one step then start to run to get their victim.  :) :) :) :)

We will just add them to https://99bitcoins.com/bitcoinobituaries/ like we usually do. The DEATH of Bitcoin was predicted since it was started and guess what, we are still here. The Chinese government alone will not kill Bitcoin. They saw massive amounts of their local currency being invested in unregulated ICO's and they think that this is a form of capital flight, so they banned it.

It has nothing to do with the protection of their citizens, but merely a political move to protect their own currency.  ^grrrrr^

if this happens, I will buy more BTC  ;D ;D, and will sit down and relax. My perspective with BTC is solid, after the BIP and Segwit success.

Not even close. Bitcoin lost less than 20% (4950 to 4000) in the last 3 days. It only looks bloodier because the absolute price is higher ... so the almost $1000 look like something never heard of ;)

Even in 2017 there were several crashes with a deeper fall:

- June 12-14: 3000 to 2300 (~24%)
- May 25-27: 2700 to 1850 (~31%)
- March 16-18: 1270 to 950 (~25%)
- January 5-7: 1150 to 850 (~26%)

Source: https://bitcoincharts.com/charts/bitstampUSD

(The biggest bloodbath was the April 2013 crash, where price in three days went from $250 down to less than $100. That's 60%!)

It was even worse in the early days, from $30 to slightly above $2 in 2011, almost 15 times! The volatility is decreasing.

the "topics" say it, so it must be true, do you know any time before that these "topics" have been wrong? :P

18% drop after 400% rise is barely a bubble bath let alone be a "bloodbath"!

bitcoin goes down, altcoins get massively dumped!
this is the story of altcoins from the start. there is nothing new to it.

no the FUDsters are enjoying their shorts and making a lot of money from it while everyone is chasing their own tails then they will start filing their bags with cheap bitcoins again when everyone is asking when will it end and again they will continue to buy it up as everyone is asking will it continue rising or will it drop. and they sell again when everyone is saying i finally bought back after the drop ended and price went back up!

These threads sorta of amuse me.  "Bloodbath?"  15-20 percent swing?....It has mooned in the past couple months so it's hardly a "bloodbath!"  Remain calm ---> step away from your monitor for awhile ---> and come to your senses.  There's a much larger picture here, so you may need to zoom out a little and view the broader trend.

For me all of this is just normal....
A sudden decrease in price after ICO ban in China must already be expected...
Of course Chinese hodlers would somehow feel some pressure thereby making them decide to sell their acquired coins.
Thus making the supply of bitcoin in general circulations increase....
My advise instead of being worried why not buy some coins...
this is a nice time to do that...
:D

Bitcoin had suffered multiple death experience since the day of its conception but still it survived. Bitcoin is immortal as it rose from the dead, we may even taste its bitterness from sorrow but sweetness comes to those who waits. we may also feels the FUDding every time it reach its predictable peak but the hodlers celebrate its glorious days when bitcoin gets down.

As the other did say, I don't believe bitcoin would be near the sixth feet on the edge. I certainly trust and believe that it will rise again, and according to what i have read and hear from some famous people it was just acting as a retracing period for the meantime, I don't know if it is true but i strongly believe it will rise back.

bloodbath? where? Bitcoin is still way up there. Altcoin is another story, that is pure blood. But again, it's just a correction. Down 20-25% is nothing. I'll relax up to 50% after that I might be a little nervous.

LOL, even if BTC price go up to 100$ which  I think is impossible right now (for what? because china banned ICO) I will still be happy because once again I can buy more BTC and I will invest on it real hard and people will soon buy large amounts causing its price to be at the 5000$ peak or even more.
This is not even the end of the world, we have the alternatives of course and do you think that the whales will let this happen? This would be a real chaos if the price goes down to 3 digits. That is when the time where the real blood battle will happen.

Bitcoin is dead? Again?? But we have not reached the moon yet. I am getting very bored at $4000, when are we going to $100,000?

We are only at the starting line in my opinion. The finish line will be at the $10 trillion valuation for Bitcoin. Let us enjoy the ride.

Death of bitcoin? Absolutely not. Bitcoin still had years to live. But of course it may down for I guess weeks or months for I believe in a sinusoidal trend in market. Whatever goes up, must go down. For me, it will probably go down this November. And whenever there's a dip, it's the best time to buy! So we must all grab the opportunity if it goes low because years from now it will cost 1 Lamborghini!:)

Clearly, ICOs have always been vital to Bitcoin's value proposition. That's why the market dumped so hard. :P

The Elliott Wave technical analysis crowd always takes a lot of flack, but they were right this time. Bad news or not, the market was ready to take a dump off that massive psychological resistance at $5,000 per coin.

Now that we've dumped to previous support, we'll see if this will V-bottom to new highs, or if we really are headed for a bear market...

Don't they say that everytime Bitcoin value plunges? It has always been able to recover, so I'm not the least bit worried.

For me I am in the least worried, infact this is the first threD or place I will see anyone ''resurfacing'' the topic of Death of Bitcoin, most places I have come across people are advising others to buy more bitcoin at this low price not discuss it's death.

This not what you are afraid of happening. There is no serious issue that will cause the end of Bitcoin. This may not be a normal dipping down of prices because there is a rather serious dip that is happening not just to Bitcoin but to all the alts as well. However, I am sure that this is not a total crash of the market. The market will definitely bounce back very soon.

I wouldn't be worried unless it dips to around 50%. I'm sure it will recover soon enough.

FUDS are everywhere and those people who do always say that bitcoin would be dead this time.They are saying those things for how many years already, we did really see a dip but the price have somehow manage to recover as of now and we did see on those price range of 3900+ but eventually it rise up again and if you did make an active trade then for sure you are earning some bucks as of now.

It's nothing to worry about  ;D

yes I agree with you there is nothing to worry about, up and down prices do have to be in the world of crypto, and I'm sure currently bitcoin is down and going back up soon. 

And just like we saw before, when we are seeing a dup, some will claim that bitcoin has died or going to die. And exactly as I expected when I login today, I'm seeing a lot of thread comes to life again. LOL. The price is currently fluctuating around $4000-$4200 and to be honest, I thought that we might see below $4000. But then again, bitcoin was able to recover a little bit that's why it is still above $4000 and very much alive as opposed to be dead by now.


We already know how the markets work, its very volatile and unstable and its part of its 'design'. And this is a good side as well. Because this is a opportunity to those who wants to enter the market. They can buy in this dip, but it you don't like getting it now, the best choice to really hodl and not panic sell.

Why do people never learn from their mistakes? This is not the first panic in the bitcoin market. Every time those who panicked lost their money. It has not taught you? At such moments, you need to buy, but if you have no money to keep their bitcoins.

A price correction does not signify that Bitcoin will die soon. A price correction is a normal and natural thing that everything who has a price movement undergoes and Bitcoin is not immune from it. Also are you not happy that Bitcoin is going down once in a while? This signifies an opportunity for us to buy more Bitcoin or we can even buy and sell in the process.

this must have something to do with the regulations issued by the Chinese government again. already many say that it will be like this impact will be experienced if China is right to ban ICO. hopefully the bitcoin price is not destroyed.

we will never get rid of the "death of bitcoin" ever. and it has never gone anywhere to surface now. it is just that people don't listen nor repeat the FUD while price is rising and everyone is happy about it. but as soon as the rise stops (not even falls, just stops rising) everyone starts singing the death songs.

I just woke up and this is the first topic i see ! Dear god what's up with the negative speculations. Bitcoin is always alright and life is always great, today is a good day buddy  :) share the positivity and keep in mind that Bitcoin is concieved to never stop once it started

People look at a slight drop and panic, if they stood back and look at the last month they would see that Bitcoin had risen $1,000 and reaching new plateaus. It's to imagine Bitcoin dropping past $4,000 again. Right now it's a great time to buy that's all. 

I do believe this is not the Death of the Bitcoin / crypto currency as if some new traders sees . It is just a sell off or correction which is really a normal thing in stocks tradings. it would be unhealthy if it will just go up without rest.

When a drop happens, perspective goes out the window. Stand back, look over 3 months, 6 months, a year ... Drops happen but it recovers. Keep the faith!

Putting out fake news to cause to a panic sell. We know the games.

as far as the eye sees bitcoin or altcoin always decreases. this is common in bitcoin, so do not expect that bitcoin will die.

I don't think this is truth because the main reason is that why it will go toward the end . In my whole life with bitcoin i seen that many -ve news come and ban of bitcoin was the news life air thunder but still nothing happened and bitcoin remains yet like a currency whose demand is not going down , and also here my question is that why it wil go down , there is no reason at all to go down .
Here fluctuations is a main part of tue cryptocurrency , And if it will happen to reach at 100$ then j am 100% sure that wilp be awesome time to buy because we already lost that opportunity to buy the bitcoin at low price .
Well this is totally impossible to go down , but possibilities of going down more than 50 to 200$ is not possible , so leave your tension and use bitcoin without any more tension of fluctuations because going up is profit and going down is the opportunity of buy 8)

The death of bitcoin can't happen because of falling prices. As the familiar game of speculators, and we very soon will see growth rates of up to $ 5,000. Bitcoin is much more dangerous for the inability to spend it directly. We are constantly forced to exchange it through the banks to the Fiat. It is very dangerous.

If youre a bitcoin believer you will say that everything that happens todays is only a normal thing. Bitcoin already face several death experience the worst is when the price hit below 200$ but look at bitcoin right now going stronger as days past.

Am surprised people are writing long articles because prices fell up to 4% this week. i dont think that is much of a problem considering that China is a major player and the ban o ICOs there will definitely shift equilibrium a little but as much as the split couldnt do enough so cant this. BTC will recover with all the altcoins

Bitcoins death has been predicted over and over again, and I think it will take more than the ban on ICOs in China to kill it. Watch the price rebound over the next few weeks.

The bitcoins have fallen alongside the ban of the Chinese government on the ICOs. And this is not a big deal because this is really the trend of the market probably in altcoins you just see the downturn now in bitcoins have fallen as much of it as you are so stupid to make a mess. And yet there is a belief that it has come to the end of bitcoins. This is exactly how the world of trading falls and increases and I continue to believe in that belief you do not have to approach

"The DEATH of Bitcoin Surfaces Again"

the answer is YES and NO

Yes, the FUD has spread and people are buying the low's while
others are panicking and selling in cast they are left holding
worthless coinage.

No, its not the death of Bitcoin, of course its going to react to
the panic selling as above but will [has] bounce back from all the
reactive buying of the lows

simple!  ;D

There is not bitcoin exchange hacked, there is no hardfork, there is no issue in the blockchain and no ones bitcoin has been stolen. what happen is only china ban the ICO and we see people selling the bitcoins like madly. This is just the bitcoin is moving from weaker hands to more stronger hands and it will rise more strongly very soon.

Hahahahaha I do not think so.

The revolution is already being made and the state authorities do not know and do not have enough intelligence to understand the blockchain. We won before we started.

The OP evidently hasn't been here for very long. This is less than nothing in the great scheme of things. Try sitting through 2013-15 and then coming back to us.

Stop panicking please! There is no reason to panic over something little as this (okay maybe not little, but it's not a crisis). It's fine, the market goes up and down all the time. This time a little larger than usual, no need to worry as it will probably go back to normal soon.

This is the deal! They cannot see this and start fudding by panicking other people. Some people think they can earn forever. This is not the case in the market, especially in the crypto market. The price will be applied corrections.

If we take into account the whole bear market, then the 2011 cycle was definitively the worst, that's true - followed by the 2014 bear market (~1200 to ~150).

But in my list I took only into account short-time crashes and a three-day timeframe, to be able to compare it to the current "crash" (or "correction"). 60% in one single day was unique and never was "achieved" again in the history of Bitcoin - neither before nor after 2013. June 11, 2011, was the second major bloodbath, with a ~40-45% loss on MtGox (~23 to ~13 USD).

I think we'll never see such crashes again because of the major usage and liquidity. But the market is still not mature enough for Bitcoin to be really "usable" as a currency and unit of account.

This kind of FUD keeps on popping every time bitcoin makes a new ath and yes there might be blood as of the moment but just like before bitcoin will still recover and will still keep on rising so its not yet the end of bitcoin. Banning ICO's in China will not make bitcoin dead.

A Fiesta already for a what? 200 to 300 dollars down? Come on! They should be better than that.
It is still at $4k and that is a hell of an amount of money.
With this value nothing can stop bitcoin now even if it loses $1000 of its price, it is still way up than any other commodity or currency in the world.
They should be more worried on how fast it will land at the $5k mark.

If the price falls to $ 100, that will not imply Bitcoin's death. I think it may even have an opposite effect. Do not forget that bitcoin is a currency without barriers, without frontiers.

Regards.

This whole topic is so ridiculous I'm amazed that someone had the nuts to start a discussion again. I could understand bitcoin death topics during the great depression, like the one in 2015, but now? The price is up by over $4000 since last year and there are still people who say it's bad, that we are going to lose money on bitcoin. Unbelievable! ;D

Omg this bs again. If you can't handle it leave. Get out. Dump all your Bitcoin and never come back. Moan moan moan. Yes Bitcoin went down so what it's been up higher then it's ever been even if it stops it's still worth alot. Just good in there and wait it's obvious that's going to go back up so take advantage of this like all the cover people are buying and let the whiners cry. They have no money anyway who cares what think ?

People will continue to make a topic like this one even when Bitcoin lost 10$ in the value. Not only this forum but medias/blogs as well, related or not to crypto doesn't matter. As for medias/blogs, this is how they get their traffic, their money. You can expect that the OP was just seeking attention as well

At the moment it is just another dump, which happens frequently. Still it should have happened, because bitcoin raising really fast and price correction should have been done. I guess it is still not the end and bitcoin will fall back to 3500$ or maybe more.

2 years ago, a lot of people will fall into that trap. But I think right now, we are wiser and do not easily fall on fud and bitcoin is dead claims. Or we are already immune to bitcoin large dips and we just shrug it off. My point is, we know that bitcoin always recover when the price falls and we are now a lot calmer when it happens.

I wonder what does end of bitcoin they are talking about, is it event where bitcoin would be no longer exist ? Or is it about to lose its popularity and would have no value ? We could not already consider it as the end just because it crashed down towards the certain value as long as we can see its existense it is not the end yet . By the way, Let other people make a predictions or speculations and if you believed them then you are only kidding yourself .

That's bullshit.
Bitcoin dropped in price because of China banning ICOs which resulted in chinese poeple panic sell their bitcoin to fiat.However if you see the charts,Bitcoin is recovering the dump gradually.

Bitcoin cannot die even if the price goes down,there will always be people that wills till have faith on it.Only 1 thing can kill bitcoin.Disabling Internet,which is technically impossible.

Bitcoin Core will die. Bitcoin Cash will live on and become the world currency. That's why you're hearing such noise.

Been around long enough to know not to heed any news regarding China. Proven flaws within BTC are another thing. FUD is only FUD. 1 BTC will always be worth 1 BTC.

What are you talking about the bitcoin price is 4450 right now, what bloodbath everythig is fine, this smells like FUD

It seems to me that the Chinese government reacts very quickly to the fact that it flies past me to the money. As far as I understand Chinese politics, the Chinese government has always wanted to control any business and any activity, while taking the percentage of their income.

Is at all possible that we just saw huge growth, maybe it was a little too much and it is just going back to normal again?  I highly doubt this is the end of Bitcoin.  I think we will see more people take the chance on it now that it is worth so much per coin.

The death of bitcoin is a pure myth and just a new kind of title that is worth with all those blogging website that is so in need of traffic for their advertisement. There is no way that bitcoin will die because of this correction in price, it reaches $5,000 mark though so why in the world that bitcoin will die. Maybe the trading bots is the culprit behind this but bitcoin will not die.

I don't even call it a crash if it's less than 50%. This is actually about the smallest correction I have seen called a crash. I have watched it go from about $700 to about $250. Now that's a proper crash.  as long as we have a speculation based economy we should expect periodic drops of over 50%. When we reach $2000, then we have crashed.

Bitcoin has already died a few thousand + times!!!But  that is ok because it is like a phoenix and just comes back to life!

Not really, it hasn't died. Sure it may have been less used and a lower price for awhile. Peaks and valleys, ups and downs. I think price will go down further in the coming weeks, then go right back to break another all time high.

It is here to stay.

Apparently bitcoin has already died many times according to weak news sources which want to get attention for a few minutes up to a few hours. Bitcoin is stronger than ever, its wide usage in different purposes keeps it as strong as possible. Backed by the gambling industry as the major supporter of Bitcoin I don't see any reason why bitcoin should die anytime soon.

It is slowly recovering now, $44xx from almost $4xxx just a couple of days ago. So sorry to tell that bitcoin will not die because the Chinese ban ICO. Its really actually good for the bitcoin market. People are doing the opposite now, panic buying. I'm expecting in the next couple of days bitcoin will be back to $4500-$5000 again. FUD waves will be quiet again, until their is a 'crash' in their opinion. This is just a minor price correction and the market has reacted. Instead of selling, they are getting back bitcoin because its really a perfect time for investors to buy in this dip. So another unsuccessful attempt to make bitcoin is like dying now. LOL.

No bitcoin will not become death. Even the bitcoin price decreased today but it will increased again after few hourd and for sure it will increase more. Bitcoin will live long and many people use bitcoin in the future. They have possible bitcoin price will go back again at 100 dollars but I think not this years or not even next year maybe in the net few years or decade but its better if the price will increase.

I am new to this forum and to bitcoin and I am not even worried about this latest panic in the market. I have confidence bitcoin has the strength and support to grow into the future

Things are fine, bitcoin is not going to die for something so small, everything is back to normal, what is making a comeback is the FUD nothing more, the death of bitcoin has been prophesied thousands of times and yet bitcoin is still here.

Yes agree, when the price drop then better buy, look now the price reaches $ 4500 or up $ 600 within 10 hours, panic will make us loss so we have to make target price how much we will sell.

Thats true, and for a member here for more than a year I am used to it. Its normal that there are fluctuations in prices especially when there is unpleasant news about bitcoin.For me, I can say just stay calm and observed whats  happening. Do not panic.

I think it's a joke that can make me laugh, I never think or imagine bitcoin prices to fall for $ 100, although bitcoin is bleeding I'm sure it's just temporary, and one day bitcoin prices will always rise and rise if viewed from percentage every year, to friends do not be easily influenced by gossip gossip that can make your panic.

Why's that Vod? Is quantum computing fast enough to crack keys etc? Current computers (er, I'm not sure what you would call them) aren't far from their limits as things can't get much smaller without electrons jumping is what I heard. I didn't think quantum would be fast enough to break something though?

Yes, China is panic the way chinese people are investing their money into bitcoin and altcoins.
China is afraid of losing control over people's money in the future because if everyone invested in bitcoin they no longer have control over people.

oh no, where do you get the news? is it valid and acceptable ,? I think we need to re-dig the information, do not jump to conclusions or decisions, it can make others worry. so I used to believe that, we should be calm facing such an issue. I personally can not yet believe the issue.

it will not happen, maybe if there is a decrease it will not reach 100 $ price, because the price is now still 4000 $, such news is often that bitcoin will die, but until now bitcoin is still there and the price is more expensive.

I don't think if this is the beggining of the death of Bitcoin. Bitcoin is used in trading altcoins or investing on ICO's that's  why Bitcoin price goes down because Chinese government implemented I think a total ban on ICO's in their country to protect people from getting scammed again. Scams and FUD could change the stae of a coin into being dead but when we talk about Bitcoin I really don't agree if you are going to say "the beggining of it's death" since Bitcoin is a widely used cryptocurrency by people in the market all over the world legally or illegally so it is really hard to tell when you say "death" if it will easily recover after what had happened to the market. And also I am not convinced that the FUD community are having parties when something like that happened but it's the traders who's souls are ascending into heaven for the lowest investment in that biggest dip of price in all coins. ;D I believe Bitcoin is unstoppable and it's death is unknown and I think it is for the lifetime or even immortal that is how positive thinker I am. ;D

I agree with you, certainly such an issue should not continue, still positive thinking, do not be too rash to assess such information, need follow-up and an eloquent understanding that us as bitcoin hunters do not misjudge something.

Bitcoin along with other cryptocoins were really hit hard due to ICO ban in China...
But to say that will it be enough to kill bitcoin...
My answer is totally far from materializing.
China may be a big player when it comes to cryptocurrency...
But not that big enough to be able to kill bitcoin..
.
As we can see today bitcoin along with other cryptocoins are slowly gaining again...
The market have already adjusted.
Looking forward for it to be back to where it is a few weeks from now..
:D

The long awaited death of bitcoin has just arrived !!!! hahaha, I do not think so. I have seen such prophecies so often that I should be accustomed to it. Just remember that in June of this year the bitcoin achieved a price of $ 2800, to drop days later to about $ 1800, that is a loss of 40%. It is strange to see people who are not yet accustomed to the immense volatility of the altcoin market.

Bitcoin dropped only about 4% this past week if I'm correct. A 4% drop is not the end of he world. We can expect bitcoin to drop and rise drastically over the coming weeks. Overall, Bitcoin is going up in value, however.

China will actually never even kill bitcoins. Chinese political readers won't do that. They have made this move for the protection of their own local currency. It will definitely affect the prices and there will be a panic among many people but nobody will leave his bitcoins. I can bet on that.

Is this a joke? Well it’s laughable. This is not the first time I’m coming across news that bitcoin is dying, I’ve came across it several times, a hundred even. After all that $hit, we’re still here and bitcoin is still making major success. All these stupid news is written by people that are seeking personal interests.

I also think about it why again and again the topic of bitcoin death come towards me. A am also so depressed by seeing the topic like this. Bitcoin will never die and it will survive till the end of the humanity.

So please don’t think about the death of bitcoin. Yu can ask about the popularity and acceptance and how to improve the role and importance of bitcoin in the world. So you will get positive remarks.

Yes it may affect bitcoin  for some time then after it will raise for sure . There is lots of big organisation still running great like facebook , google even after ban in china . This will effect for some time then things will settle down may be some positive news will come soon.

yes. this has happened in the past. but I still believe in bitcoin that they will be able to do something in the future. do not get a wrong step in making decisions. I'm sure this kind of thing is only temporary and will be back to normal.

Dead again? Like how many times people try to kill bitcoin? I guess some people panicked easily when they found out that the big Chinese players are moving out in this game especially those noobs.

I think bitcoin will never die, as long as the internet stands bitcoin will survive all the way, the real problem are governments and laws that try to screw up things, and believe me if they think its time cryptocurrency is a threat to their dirty stinky money they will block exchanges and illegalize cryptos

This statement also arises whenever there is huge dip.Bitcoin have died many times there have some dumps in past too but bitcoins has always survive them all.This China things will affect bitcoin only for small time then every thing will be normal and price will keep rising again.The chance of death of bitcoins are very less unless government tries to ban it or any other crpyto currency arrive which is better than bitcoins.

What you said is perfect, it was long old times when china was the main reason for the crash but today it is not like that , recent china tried to crash the market by taking some regulatory steps but it did not got success as other country users are fully knowledgable about bitcoin and taking this dip as investment option and maintaining the market and now china is in worried position.

This happens every time the price crash and the fact that some fud in china yesterday made the price crash hard. We experience some crash earlier this year because china suspend withdrawal in china exchange we were fine weeks after that, so we'll be fine this time.

Drop in bitcoin prices is neither new nor is it to be worried about and to say that bitcoin is going to be dead soon only on the basis of it's prices going down is completely false and misleading. A large number of people and even some reputed businesses and above all even the governments of various countries have just begun taking an interest in bitcoin and on the basis of that it's not going to be the end of bitcoin or cryptocurrencies but in fact it's going to be the beginning of a new era of mass adoption and global acceptance of bitcoin and cryptocurrencies.

I'm beginning to wonder if this guy is trolling around just for the sake of ranking up his account. Hey Mr FUD, why don't you paste some links about those bad news that you are talking about. Everytime I see your name with a new topic, it is most likely about crypto going down or something. Do us a favor mi amigo, share some links so you won't be tagged as a spammer onion ring! That bloodbath you were talking about was just a correction, it was holiday in the US by the way so expect people from cashing out.

I do not think that after china prohibits ico in the country so bitcoin will die, china has a sizeable bitcoin market share, but i'm sure it's just a matter of time bitcoin will come back again

I hope it's not the beginning of death of bitcoin, but i think bitcoin will not die just because china banned ico.
Atleast bitcoin will not die as long as the internet is still there.

Lol we hit an ATH after this. So hilarious. Who do these people think they're fooling? I'm really not sad that I'm up 500% this year alone. I would honestly have been happy with 5-10% but that's not how bitcoins work at all at this time!

Yes you're right. one of the horrible bloodbaths that happened today. But do not say that bitcoins will fall to $ 100. Because it is less likely to happen. This is what we now hear is just normal in bitcoins because it is the result of the spread of false news and what happens will be panic selling. We do not know that this is true so we do not act until we get really real news.

This really sounds impossible to happen because the price of bitcoin going up and down is only normal and bitcoin's price is very far from zero. All those news and rumors spreading may cause negative impact on bitcoin's price but it is highly unlikely that this will cause bitcoin to die.

This week has been tremendous for bitcoin users. We had seen many ups and downs in bitcoin's price and i am very sad to see that bitcoin has dropped down to the $4200 mark. Although we know that it is a temporary thing we don't know how long this wave is gonna be. I seriously dont know why people sell off their coins as soon as bitcoin reaches $4300. If they hold on to their coins it will soon reach $4500 within hours.
I hope that bitcoin recovers the drop and reaches its $4500 and $5000 targets respectively.

Yeah! Continue hitting thess rumormongers and FUD-spreading around here. I also noticed that every time there is a serious dip in BTC's price and FUD begins to spread like good news, and everyone is now effectively creating fears among investors, I mean small time investors, the price will break ATH right after.  ;D

Bitcoin has become growing since the price was over cheap. I agree for now the bitcoin will not happen to death because it still become stronger. Also many use of bitcoin until today it continues to grow and I believe in bitcoin that we can earn huge profit for a long term.

There's no enough reasons to tell that bitcoin will die soon. Bitcoin have been through all these kinds of situations in the past, but in the end, it is still alive. The biggest threat on bitcoin, in my opinion, was the hard forking that happened last August 1. Many bitcoin users, including miners and traders, were afraid of the worst thing that might happen to bitcoin that time - that it will drop to 50% of its value that time. But what did really happen? Bitcoin cash was created from bitcoin, and the value of bitcoin increased to 100% (doubling its value).

I think, those who are saying that bitcoin will be gone soon are those people who are planning to create another crypto to compete with bitcoin, which I think is very far from reality to happen.

nothing to worry about this crashed. If FIAT will crashed bitcoin will prevail. It's good news for traders if BTC will drop up to $2000. Perfect time to buy more BTC. :)

Anyone who thinks this it's stupid to think that bitcoin will end suddenly, this is just Chinese fluctuations effecting the market. Today also Bitcoin price crashed to 4000$ but I feel this is a buying opportunity for all those who missed, every dip is a buying opportunity, I am buying and those who think that it will end will regret that they choose not to buy it. Every market has its up and down its a temporary phase, but I am sure Bitcoin will bounce up stronger and better.

Call it a fantasy but I really hope bitcoin takes a 5 year low dive. Not just a spike but a prolonged trend. So some people like me can get something out of it.

The IMF would have egg on their face for telling banks to heavily invest in Crypto

Oh no $100 per bitcoin? I'ma put my savings there  ;D.
There is now way we can achieve $100 per bitcoin, as long as there is no major problems I don't think we will reach that point. And also Bitcoin is continuously accepted worldwide so we won't see $100 per bitcoin anytime soon.

from which angle do you rate bitcoin? Bitcoin will not die only by speculation. Bitcoin will die if there is no longer a market that receives it. The rise and fall in bitcoin prices are familiar, and I'm not worried about this. All you have to worry about is "have you bought bitcoin today". Holding bitcoin is a future asset.

Bitcoin is going down in price and it is obvious that the threads about bitcoin dying are going to make a comeback too but that is the way it is when bitcoin is going up and everything is fine those threads do not appear because no one is worried but in these times is when we get all types of FUD.

I'm sure bitcoin prices will not reach $ 100, this is a temporary trend because many users panic in china, of course chinese users are preparing everything to re-invest bitcoin.

it is unlikely to happen, bitcoin will not die,,back to August 1, bitcoin has decreased almost 100% ,,but bitcoin can rise again and the higher the price ,,so don't panic and think positively

I know the basic your opinions and prediction bitcoins will be die because of the bitcoin's price went down more than $500 in one day, i could understood about that, you are in fear because of the fluctuation of bitcoin's price then made prediction about bitcoins will be died soon, in all of instrument of investment the fluctuating of price is needed because it will gives us chance to purchase cheap bitcoins and you know bitcoin's price will goes up again.

Yes i agree with you, if bitcoins will be death due to the bans ICOs, bitcoins, exchangers bitcoins on Chinese government, it will happen couples years ago, many Times the government of China banned usage of bitcoins but until today bitcoins is still alive around the world even on the Chinese people them selves and many people adopt bitcoins on their portofolio of investment, the panic selling is just short the price will be back again.

Indeed the price has decreased in an unexpected way and the downfall is not over yet but it is impossible that bitcoins will become worth one hundred dollars only. I am not an expert but anyone of us can at least tell this with certainty. The users have increased by so far and most of them will stick with bitcoins.

I doubt Bitcoin will go anywhere near 100$, the lowest I saw was BTC reaching 3000USD and then it started going up again right now the price is on 3.8k$, might drop but I am sure it will be stable and going back up with time Bitcoin is immortal.

Over the years bitcoin had always reacted to news and whenever it recovers it goes beyond the previous value benchmark to break another record. Every dump in price is an advantage for some to quickly acquire more for the next rise. Spend more time with it to understand more but sometimes its an advantage. bitcoin cant ever have this stable price, never.

It will be scary if this happen but I think it won’t. Bitcoin has the highest potential among cryptocurrency, in fact it is the biggest among others. It is not the death of bitcoin, I think it is just the beginning of its success.

It has been practice by all the traders of Bitcoin which they take advantage of always, the problem here is most of the corrections are being abused by big players which they don't show mercy if they offload their position for profit taking, this shows us the disadvantage of being a decentralized currency as the one who has a big position is the one who can decide the flow of the market. The plays of the players added by the catalyst brought by the news will create a devastating panic selling for the other traders.

Well, as of this moment, BTC is now regaining its value a little bit. FUD is spreading news that can affect the BTC investors in a global scale. China ban, JP morgan negative views on Crypto. And also I've been hearing there will be hard fork for bitcoin coming soon. On a brighter note, this BTC drop is a great opportunity for newbies to invest and long term holders to expand their portfolio.

At this point, I doubt if it's ever gonna create a major panic like it did way back 2013-2014.

lol people shouldn't be in bitcoin if you're going to shit yourself every time it drops

The effects of the China FUD are getting more short lived, you said it yourself at the beginning of the year it took bitcoin a few weeks to recover, now it only took bitcoin a few days to recover, soon enough the China FUD is not going to work anymore and the next time something like this happen we are not going to care anymore.

bitcoin is too big and too well known to crash down to 100 dollars. mcafee just said it costs him 1000$ usd to mine 1 btc. if anything the miners and the exchanges will become less china centric and will move to more profitable exchanges/countries. if you think bitcoin is going to disappear then you might be disappointed. we saw ceo of jpmorgan denounce bitcoin while they picked up btc at 3200.... mucho FUD.

I don't think Bitcoin is going to fall down to $100 but let's not be too quick to say that the drop is over. The drop has had an awesome bounceback, but that could easily just be people buying the dip. I think the next few months will tell us whether it's going to keep sliding or keep shooting up.

Well FUD can really make btc fall, whenever there are events of splits, corrections, hardfork and bad news regarding btc its the over reaxt of the users that makes its value dump.

It's not just fud, there is now some detailed info (as far as we can believe it) regarding China and BTC.
Which basically comes down to China seeing BTC as a potential threat.

Bitcoin won`t go down beyond 1,000 USD anymore investors/traders won`t allow it, a lot of traders bought when it hit 3000 usd and you can see the price jump back again, if by chance some good news came out from china expect another jump.

I read that some crytographic algorithm will still work in quantum computing. Is that true? Can someone share more insights?

Since bitcoin is a fairly new currency, it will be subject to a lot of volatility. There have been some issues before that made the price stumble, but it has managed to creep its way back up and proved that it can weather storms along the way. The future of bitcoin amd block chain is actually bright if we just look at it in terms of the long term.

If bitcoin could survive its inception, and now have such a huge adoption globally of consumers, corporations and even nations. I believe there is too much vested interest, invested in it to fail now.

yesterday just manipulate situations from china that wanna drop the price od bitcoin but unfortunately that situation is no longer happen. most of bitcoin 's user are too smart to manipulated by china although yesterday at moment after china' s news booming big part of bitcoin holders sell their coin directly due to afraid will be  end

This is the only thing that I can guarantee with 100 percent surety. Like you said, it won't happen; Bitcoins are not going to die in any way. They are far away from the death zone now and having millions of supporter from all over the world makes it certain that bitcoin will survive.

I do not think this is the end of Bitcoin, it's just the beginning. Bitcoin only drops 6% in the week so I do not see what the fuss is about. China bans ICO, but that's just about it. Even though I'm a noob here, I still believe the crypto era has started. That's my opinion. In my opinion this is only a matter for destroying bitcoin, while the creator of the problem has given a network to store more bitcoin at a cheap price.

Chinese crackdown is rumored to continue through October.

Yes bitcoin had overcome many challenges and as we can see it is still going strong that is why it is still too far from failing. While there are people investing or using bitcoin it will be hard to put an end on it.

This is a bit exeggerating. Bitcoin is around since 2009. It does not have a big history. Just a big spike in my view.

Yeah we are seeing the effects, a little rise to $4000 and then again dipping down to $3500, wasn't surprised. I would say BTC would be fairly in clear if price doesn't drop below $3000 by end of oct, after then we can expect a steady rise.

Why not wait for some time, lets the people who want to sell Bitcoin then ask to sell. They doesn't know the value of Bitcoin and ages it survived, I don't know why China is Banning, but I may say they may be banning to these new ICO's because most of them are unknown people.

this thread come again. In 2015 we have many thread like this but everything still ok

That makes sense  :)

No need to worry, this is only temporary, bitcoin prices immediately normal at the end of the month or early October. this may be speculation that a large broker can buy bitcoins at a price.

But at the same time all this bad news and FUD may affect us in the short term but at the end bitcoin always recovers its previous price and people begin to notice that, and eventually this tactics are going to become less effective as people learn to recognize that this is nothing but an attempt to manipulate them.

When it is up (bitcoin) I get more coin. When it goes down (Bitcoin) I make more coin. I mine, I arbitrage. I work and have no debts and just keep buying. I buy Bitcoin, Ethereum, and some other ALT coins. I want to be a whale when I grow up. HODL

They say it is a bubble. I say it is an alligator and will bite the big elites, oligarchs and bangsters in the ass.

hopefully not, if this is the end of bitcoin i am very sad. I can lose my passion and lose a lot of money in tranding in bitcoin.

Most cryptocurrency enthusiasts easily dismiss these headlines of bitcoin bursting at the seams. The Linkedin post/hoax was no different as even if it was true, the points made were quite illogical. However mainstream media and those who don’t know much about bitcoin can easily be swayed by such headlines. Think about how many of your friends say, “Oh I thought bitcoin had died.”
I do believe this is not the Death of the Bitcoin / crypto currency as if some new traders sees . It is just a sell off or correction which is really a normal thing in stocks tradings.

i think this is not the end of bitcoin or death of bitcoin because we still using bitcoin for trading and in the exchanges, bitcoin price is still high but today the price is down a little. but still bitcoin is the famous and the best investment in internet and i see that there is many people is come to bitcoin so this is not the end for bitcoin.

This is not surprising. We will see much more of this debate, on both sides over the coming years, and maybe even decades. As BTC grows in popularity, the incentives for the institutions and governments alike to attack it increases. Expect to see a ton more volatility to pricing as well as surprises like China's new position. Buckle up folks...it's going to be a bumpy ride.

I believe that it will not go down more after the Chinese drama and all that thing it was bit down but now it has recovered its value and will go up soon and till the November a lot will change and these days will be forgotten and everyone will be in hustle to capture profit as much as they can.

Not as big as the interest of the banks and governments around the world so I expect a huge attack to some in the next years as they realize that bitcoin is in fact a threat to the way the world works and that in this new version they are going to be left without a job.

OMG, i had to reply to you.
Quantum computing is so far away, media do not know what they are talking about.

Also I have to agree with "Barbarian" banks will have to react in one way or other. I am thinking A- they will push for bans and regulations B - try to adapt
Or B comes after A

I think its funny that you are freaking out about the price dropping  :D This is normal, and honestly, a $100 fluctuation is not a big deal for Bitcoin. I would start getting worried if the price dipped below $1,000 for a few weeks at a time, otherwise, I think you need to expand your scope of knowledge on investing.

Now is a great time to buy Bitcoins honestly  ;D There is a hard fork (Bitcoin Gold) coming up on October 25th, so if you hold Bitcoins until Nov 1st you will receive an equivalent payout in Bitcoin Gold. Obviously, this means many people are going to buy Bitcoins just for the dividend investment opportunity, hence the price is going to go up because people will be buying as the date gets closer. I have a feeling all the noise from last month was so the whales could buy more Bitcoins before the upcoming Bitcoin Gold hard fork and, of course, Segwit2x.  

Don't get fooled by what the media says and let them affect your buy/sell decisions... Simply invest in businesses/stocks/cryptocurrencies with solid fundamentals and you won't have to listen to the noise over a long period of time. I'm shocked more people on this forum don't read Buffet. I'd recommend you check out some of his books.

Just keep calm and hodl Bitcoin.

I don't think banks will be "left without a job", but their importance will be declining. In a crypto-ruled world, they would do what they best know: risk assessment. But they would lose their monopoly on many other services.

What I don't think is that they will be able to forbid Bitcoin entirely. There are simply too many countries in the world, and surely one or two will profit from a liberal crypto regulation.

Governments, in my opinion, are not so much affected by cryptocurrencies. Their ability to "print money" is greatly overestimated in this forum ;)

So no, I only expect "attacks" from single states to Bitcoin (Bangladesh ...) or on particular aspects of cryptocurrencies (e.g. unregulated ICOs).

The problem lies in another aspect of Bitcoin:


The fundamentals of Bitcoin and every other cryptocurrency out there are not solid enough, in my opinion. They are still volatile as hell and so unusable as "currencies" (above all "units of account") and scalability is also still not solved (we're operating currently near the capacity limit!). So it's not guaranteed that Bitcoin's price will go up in the future ... $5000 may have been the peak! (I don't believe that, but it is possible ...)

Maybe I was exaggerating but you get my point bitcoin is going to make them decline if 10% of the population begin to use bitcoin then that is 10% of the population that are not going to use banks and that will not need them for anything in their lives.

This not the beggining of the end of bitcoin economy this is just a part of its innovation and development in which it happens to all things.

The death of bitcoin is everytime the noobs sell out on FUD! ha ha ha. Actually people can always kill bitcoins but it will always resurrect, nobody can kill it permanently unless the age of internet is over.

Peoples do scared to the death of bitcoin. Look like every country start to again bitcoin.. holy bitcoinn.

Hmm I believe it will touch 7k first before this massive bearish drop. Planning to sell my BTC to $USDT, and rebuy it under $1500, not $100 lols. If Bitcoin didnt make it to defeat $5300+ then the doom will start. You can SELL Margin to gain from this situation.

they are very happy to see bitcoin down and do declining bitcoin festivities, but things do not last long, bitcoin prices are now rising again. if anyone hopes the bitcoin price drops to $ 100 it's just a dream.