Bitcoin Forum

It's simple. This time Bitcoin failed to deliver on its promise. Meaning it's fundamentally different from previous 'corrections'

Finally, after years of being dead in the water and being ignored, actual adoption came to the market.
Then the network actually got some transactions going and utterly failed to deliver. With confirmations taking days at a cost of $50 per transaction!
The dev team has known this scaling problem for almost 10 years and what have they come up with? Nothing!
Yes, only now there is something in the works, lightning network, a system that fundamentally cannot even work and even as a concept completely defeats the entire point of "A Decentralized peer-to-peer Cash." -Satohsi Nakamoto.

A hand full of early adopters and devs sold millions of coins at $15-20k range to y'all bag holders and are now some of the wealthiest people in society. Which was of course the plan all along.

Keep buying that 'dip' guys! LOL

on what basis do you say that bitcoin will still fall below $ 1000? LOL
I never thought bitcoin would go that far. there will be how many more people are panicking at this. I think this is just a mere issue to make the negative news and improve the FUD. I believe that in the near future the price will soon increase again.

I was already somewhat worried without bears popping up, because their statements are indicating the exact opposite, and we may very well be near the point of having seen the worst of current dip. No way that the market will tank below the $6000 bottom, and for that reason it might be a good opportunity to start buying whatever you can before the price jumps back up. In other words, the lowest the price can go from current levels is less than 10%, so don't wait. The current market is just oversold, and especially so if you look at the time frame it happened in, and how consistent the decline has been. While typing now, I bought at $6599.

Finally somebody who understands it. I hope you shorted this crap in December, just like I did. All those longs here are only losing money. Sure, there are some who bought < $1000 but I'm confident they will be underwater later this year too. Bitcoin has proven to be a failure and LN is just a joke, like I outlined earlier: https://bitcointalk.org/index.php?topic=2792933.0 I should update that list btw, found some new really stupid facts about LN. This thing is dying rapidly.

kwuckduck with a really obvious alt here - Very discrete kwuckduck  ;D

Kwuckduck is a hero. Sure he was a bit early with his crash predictions but at least he saw bitcoin for what it was. Most of the longs out there still don't understand bitcoin AT ALL, they have 0 technical knowledge, barely understand what LN is and that's why they're now getting killed. They have some vague idea of how 'bitcoin will change the world' but it's much more a dream than that it has to do anything with reality. It's like building a helicopter and then expect to fly to Mars with it.

As the price is so much higher, why can we not afford a better class of doom-smearing dullard compared to last time?

I really thought the tactics would have advanced just a little bit. Everything's moved onwards and upwards except this area. Surely they can afford a room full of Russians to come up with both some subtlety and overt zingers these days?

Yet here we are stuck with the same old shitty middle ground.

Brilliant  ;D :D

I disagree with you. Switching to the segwit2x system had to solve the scalability problem. Last year there was supposed to be a transition to this system, but the miners boycotted. Due to disagreements, this transition was postponed indefinitely. Now such situation when it is possible to return to this subject. I hope that this will be done and the price of bitcoin will recover.

Of course there is chance that you are correct, but with everything that is going on and this downfall in price I can't see things the way you see them. I think that price could go down even more, and that it could go even below $6000.
The way I see it, problem which we have now is because too many people are just holding their coins, and are not using them the way they are suppose to. Bitcoin was not meant to be asset, it was made to be a currency, and that means people needs to use it and spend it daily. If we all just hold our coins price will continue to go down.

I will just leave it here - an interesting article about bitcoin's future price:
"Bitcoin price trading in a range below $7,000: Tom Lee tells cryptocurrency investors to hold on, Bitcoin will hit $25,000 end of 2018"

Source: https://www.fxstreet.com/cryptocurrencies/news/bitcoin-price-trading-in-a-range-below-7-000-tom-lee-tells-cryptocurrency-investors-to-hold-on-bitcoin-will-hit-25-000-end-of-2018-201803301527 (https://www.fxstreet.com/cryptocurrencies/news/bitcoin-price-trading-in-a-range-below-7-000-tom-lee-tells-cryptocurrency-investors-to-hold-on-bitcoin-will-hit-25-000-end-of-2018-201803301527)

These people are full of shit.

If he was so sure of that why hasn't he put everything he owns and maxed every line of credit and ploughed the lot into BTC.

No one has a crystal ball so dont select predictions that just serve to reinforce your own predictions and bias.

No one knows where the price will be tomorrow let alone in 9 months time.

A question. Since you already lost all hope in Bitcoin then while are you still here, discussing?

Things like that shouldn't be ask because it is obvious. He is still here discussing because he wants to spread FUD. OP here is probably the alt account of kwukduck, who is very prominent for his doom prediction. It is also a fact that he still does not lose faith in bitcoin, after all why will he spread FUD if he doesn't want to rebuy and bring down it's price? Unless he is paid by someone for doing so.

I am not surprised at your presumed prediction; a lot of it usually comes in whenever the price of bitcoin dips too low. If you feel bitcoin will go below $1000 and you feel its not worth it, then simply exist instead of spreading FUD. We all love to see the prices of bitcoin going up to a higher price but have you consider that bitcoin is worth more than the just the price? We don't know what the future will bring.

I doubt that bitcoin will ever be 1000 dollars. And if it does, I will buy as much as I can.

this thread not about 1k dollar
i think OP wrong, this mean 10k dollar

to OP you only hold youre coin until end year, bitcoin price can the moon again

Whaaat?  ???

Promise what?

You sure about this? During ATH this is real since there's an attack but now I even transacted with a fee of $0.02 and it was even confirmed not longer than 5 mins.

He's happy to discuss while others are feeling down since the price went down but when it goes up again, he'll disappear and wait it until the dip comes and again will discuss his thoughts about the dip.

so Bitcoin will fall and stay under $1000 because it fails ?
how about $0 other than $1000 ? because what is the difference between both of it when we know the fact that the miners will stop mining it after the price decline to or below $4000 ?
also who will be the cryptocurrency then ? Bitcoin Cash aka BCash ? Ethereum ? or Canabis Coin :lol: ?
seriously buddy,you were saying dev sold his bags.
(logically speaking if he/she sold it,people should have known it because someone or somebody monitoring that wallet daily)
but nobody notice it except you and another one aka Mr.kwuckduck ?

If you think that bitcoin will fall under $1000, do you have any proof of that? If that's so, share with us the link so we can be able to believe you. This is really disappointing that a lot of us believes in fake news. Maybe it is better if we just do whatever we wanted to our coins and just don't spread the fake news that people will panic to invest in bitcoin again. Bitcoin is dropping because it also depends on us.

$1000? Impossible!!  This bear market is only a test.  This scenario will only separate boys from men and hodlers to panic sellers.   Bitcoin will never go back to that price again.

I also feel those frustrations on btc that was supposed to be convenient but it's still not at this moment. But I hate people like you that speculates a crazy low price for bitcoin.  Under $1000? I think you lost your mind in this crash.

I bet he bought at 19k and sold at 6k and now is going mad. This thread is a joke.

Definitely, those who are still problematic in prices will never make it to the ride when btc arise again, it is just temporary downfall, it will sure to increase again when the price arise, we will never know until we try to keep on holding and till we risk it again.

nice comparison, while some others start blaming Bitcoin itself. Bitcoin is already a trading asset tool, buying and selling decisions are part of the strategy, only losers are always complaining. Bitcoin price from year to year continues to increase, only a matter of time triggers will appear to slap the invaders.

not just a joke but this thread looks so crazy  ;D he looks very frantic and tries to spread the negative news to others his, I think the price will soon rise again and never again will ever touch the price of $ 1000!

If Bitcoin falls below $1,000 I am backing the truck up.   Production cost is a hard floor and if it breaks that floor for more than one difficulty cycle, difficulty we decline to make existing miners more profitable.

Same thing was said about 2013's pump which was peanuts compared to last year's.

If you think that this time the dump is somehow fundamentally different to all the other dumps, then all I can say is that you are delusional.

Do provide some reasoning on why bitcoin will go under $1k. Even with the fee problem which has now basically gone down to 0, I don't think that anyone would not think that bitcoin is a great buy at that kind of price.

BTW, where were you last year? Did you live under a rock until this January when bitcoin crashed hard just to spread FUD? :P

We are all aware that correction in the bitcoin market value is ongoing and sooner or later the trend will hit strong resistance and an upward trend will commence no doubt. But strongly that bitcoin value will not decline down to $1000 as rightly speculate as your speculation has no bases.  

The fluctuations of bitcoin is very common now.It fluctuating every minute, one in positive and then negative manner. You have use the crash in price.When the dip occur you have to use the time ,get some bitcoin at low price for the future.As compared to past, it's better to inverse now at low value.

Worst thread i have red in a long time. What adoption? if you mean get rich fitness trainers and waiters, as was the case in my town, then i dont see that as adoption, but a get rich fast atempt. Bitcoin has scaled well, and transactions are fast and cheap. Innovation is happening on a daily level. Adoption is when people come for the tech and they use it, and not when they join us for a month to get rich.

Go out and play if you dont like it

“In every history it started in tragedy”,, do this quote answered all those questions.. Why would we ever make it hard for ourselves and being too negative about the situation.. There is room for us to rest when we are tired,, we must take our focus not on the today’s price every single day,, but to its future.. We all know it does,, but others maybe just so disappointed and angry because they’re timeline not being meet..

 $1000 is too small and impossible to be the lowest rate..

That would be a historical destruction in the land of crypto currencies if bitcoin gets lower to 1000 dollars because then most of the altcoins will disappear from the world of virtual currencies. All market varies in prices with respect to bitcoin and this would be more dangerous for altcoins than for bitcoin itself. There is no way for bitcoin to go down as much as 1000 dollars. Keep your hopes high from bitcoin.

Haha this thread is funny, it seems nobody even understands what OP is saying. And all those 'it's impossible that bitcoin will go < $1000', oh I can't wait for it to happen. I think it will happen this year already so we don't have to wait too long.

There's no concrete data that this gonna fall down to $1k. Although everything is beyond our control and anything can happen in either direction but I'm still confident that this is just a correction to test how strong the buy support at certain levels then this will make a good rally for a better price soon.

1k is not unrealistic at all,Bitcoin was there just year ago and what changed since then ? Its 6,8x better technology ? No it was just horribly pumped and hyped.

We all know that, and the price has been heavily manipulated by the whales, marketers, bankers, and everything that has some money on their pockets to play this game.

One day, bitcoin will rise incredibly, but not now.

I think it is still possible for its market value to fall at this much but I doubt that it will stay on that value for a long period of time. There are already predictions that the market will fall continuously at the end of this year and surely, that is scary. But if that's the case,holding would be really necessary as well as patience. Once the marmet starts to recover, surely, profit will be earned by those who will hold.

To be honest this is first time that I heard someone speaking that the price of Bitcoin will fall down at the end of this year. There are a lot of predictions that says that Bitcoins's price will rise at the end of this year not fall, and that it could even go above $17,000. I know that large number of people around here are optimistic when it comes to price prediction. But with news like this, people like me will not know what to think. With so much FUD's around and fake news, its hard to predict future even slightly.

Well i agree that anything can happen but the chances of the market recovering and soaring to another ath is more likely than btc dipping close to 1k. Whales wouldn't allow that much of drop even if they're looking to buy at bargained price. Well that's just how i see it though.

Why can not you wait until it happens? Do you have plans to invest in Bitcoin at prices below $ 1,000? Or are you very worried that this will not happen ?

I guess he is just a troll. If not than he is just sad soul that gets excitement from other people's suffering, just another hater.
But what he said could happen, everything is possible. I had my doubts before, but as time pass I am more and more certain that that will not happen. Blockchain and crypto changed the world, and because of that it will not go away so easily. Bitcoins price is volatile,  but it will not fall to $1000 any time soon.

But why? I am trying to understand the psychology besides this. Enjoying pain? Lack of empathy? Trolling issues?