Bitcoin Forum

The panic is gaining momentum with the recent dip in Bitcoin. What is really going to happen and how do you feel about it?

Voted for This recent decline is a great thing! Buy more now or get in if you aren't already hope I'm right :)

See Bitcoin Obituaries (https://99bitcoins.com/bitcoinobituaries/):

Just a bump in the road. Hold on for the long haul.

I just bought 0.1 BTC .I f i had more i would buy it.Cant believe people think it will go more down.Cant go below 6k .There are big orders at that level

It is not dying but it is going to gain much when it recovers. Bitcoin was less than $1200 last year but within 3 months, it grew to $10,000 and there to $19,500. Bitcoin is not dying rather cryptocurrency is getting more investors in it.

It is pissing me off that banks and now service providers treat crypto as if is a criminal activity. We need to start fighting back for our rights as you have it nailed down, its discrimination!

how many times we heard something like this before ? Bitcoin is dead ? No!
we need to reconsider what is going on with it,lets talk about pump that we had in 2017.
in january we were around $800 and what happened with it in december ? the price went up significantly from $800 to $19.000.
do you think it will go up forever ?
it was a cycle,when the asset is overbought we need a correction to maintain its healthiness.
if it keeps continue and all of us overbought it to the top,it is just matter of time for Bitcoin to burst and crashing to the ground.
also why we need to maintain its healthiness ? because we need it.
people's not really that fool to throw away their future,Bitcoin has its own usability to help us to improve our financial model.
people intrested with its technology and at the same time we are intrested with its profitability

also,i think it was part of marketing ?
because to gain an interest we need to offer up something,and here we are ?

Bitcoin is here to stay, if you take a look around you will see that it's being accepted as a payment method, governs are starting to recognize it and thanks to improvements like lightning network, it's becoming faster and with cheaper transaction fees

I don't think we are witnessing something that never happen before. Bitcoin has been in this situation many times before and always comes back stronger and stronger.

How many more obituaries can Bitcoin get before it is declared it won't die? Seriously do we need to surpass 100k first before people stop calling for its death? I wouldn't worry honestly and in fact I am pleased with this current dump because we have strong support at 6k and if we can bounce there again, it only means good things moving ahead.

Historically it already happened.. when bitcoin passes from 1000 to 100 it was even more dip than now in percentage..... just keep calm and hold ;)

People who invested in cryptocurrencies in early 2017 are surely still in good position,i have been here for about 2 1.5 years that is why my portfolio even its down with almost 60% i still have in good position because i bought these solid coins when these coins are worth cents ,that is why i am not losing at all but those people who invested late december last year probably losing a lot right now.

Today you see the decreasing rate of BTC down. I think the BTC will increase again today, the BTC market fluctuations, the BTC price drop is very normal, I have nothing to wonder about this. I think we should hold and expect a future for BTC. Your holding action helped BTC somehow grow back.

I don't think so, they can never kill bitcoin in the first place. We can't deny that this is one of the obstacle that cryptocurrency had to passed. There are groups that want to control bitcoin and i knew that they won't succeed.

I think many have despaired and have taken their bitcoin investments, I think the price that is happening btc is just an offer from the market so that we buy more, it is not time to exit, so we must be constant and maintain until achieving earnings

There are a lot of issues out there regarding bitcoin and another altcoins,there are so many countries that speaking about crypto, even some of them illegalized it, let's hope that there will be no more bad issues about bitcoin, so that the price can be high again

The reality is crypto gets dumped a lot from the top. It looks like this correction will be happening for some weeks later. Or maybe i wrong about that. I feel to buy more become a wise decision at this time. And it looks like the fact that crypto will be back again later. This almost 3 months after crypto reached its peak. It will end as soon as possible. I feel good to hodl and hodl my amounts right now. I was feeling the same before bearish has happened.

We all feel the same, people are so trusting in bitcoin that they depend there income on it. We should have alternative like altcoins to invest so that it wont hurt us that much

As I see no one believes that Bitcoin will die. I approve this positive position, but I am not sure about Bitcoin exactly. Blockchain technology, smart contracts system and cryptos will exist many years and will be developed without any doubts.

I don't see panic in here only from stupid newbies who doesn't learn from history , because bitcoin has price fluctuations for many years now and he still go up again after every dump and even stronger but the problem is from ignorant and stupid people like you who are spreading panic and slowing the process of recovery .

Not really I think, we see these kinds of scary drops on bitcoin's value ever since it was introduxed in the market. The price decline trend is nothing compared to what it was having in for tge last few years. To be honest I see these decreases in bitcoin's price as a bear trap. When in fact what we see is a huge decrease it is still way high up than what it was like a year ago in the same mobth.

I feel no worries at all, for sure it gives doubts to the people who never believe and don't understand the situation. Although we have in huge dip but it is not a way of becoming dead, this is just normal and it is happen all the time cause the way we gain profit.

Everyone is buried bitcoin for 5 years, but in the end bitcoin shows the maximum growth, and now just wait a little  ::)

Bitcoin is just temporary down its price this time and it is always happen but just trust bitcoin and hold because it will rise someday a multiple times.

I see a lot of threads like this and and it doesn't have any effect on me. I'm tired of the speculation about bitcoin will die. Bitcoin will not die, it just a slow recovery process so no need to worry. keep calm and hold.

Stay calm  everything has happen have reason bitcoin is still in recovery and still good to buy on lower price and hodl it until december you can have a big profit.

bitcoin dies every day. a temporary phenomenon. there are ups and downs. we hope for better) I think many people believe in bitcoin

After bitcoins' crazy rise at the end of 2017, expect all these attentions, regulations, and limitations. Bitcoin is still looking good in my opinion, it's amazing that we are now saying bottom at $7K   

No matter what the reason of this dump, I still believe that bitcoin will surely bounce back.
This is just a beginning of a great future, better to buy more bitcoin before it sour high again.
This is not a hype, but pure reality imagine most of the countries are now making regulations about cryptocurrency and it can really affect the market for good.

No, falling prices is a natural thing in the market

Poeple always panic when coins are on red while investors see opportunities on this. Guys this is a good time to buy more. And BTC on its death bed? I dont think so ho back to its chart year ago and with a glimpse you will understand what it went through and how it surpassed all.

Bitcoin will soon begin to grow, now the usual rollback of coins, as they showed a sharp increase. Now is the time to buy.

In the next years bitcoin and etherium will have the greatest impact on the stock exchange, of course, new coins will also appear.

Absolutely not, bitcoin surpassed this before so no need to worry. There's always a reason behind it, we just need to believe and take this as a good opportunity to buy. Keep calm, bitcoin will not die.

It is opportunity to buy bitcoin today because it is down, I vote for this is a great thing happen today. Good or bad happen in bitcoin we have a chance to invest in different way.

Great insite. I love seeing all the diferent opinions.

Bitcoin nearly died before, it even reach $2 price but every time this happens bitcoin always rising up with the new heights, some people regreted selling their coins and not buying more because if they bought bitcoins when it is low thwy would have been a millionaire right now but there is still no guarantee that you will earn, you might also loose.

do not worry Bitcoin will never die. like a wheel is spinning, now bitcoin position is below. Do not doubt the bitcoin value will soon return to normal.

I would never say never but I agree with you overall.

Once again, panic will mean a bad thing. Everything that is started with something panic will just lead you to choose irresponsible decisions, with ego and also uncertainty. A bear market doesn't mean the end of Bitcoin and its death, that's the cycle.
Btw, related to the dumping price of Bitcoin, why should panic? If the bear market will last, at least, we should be careful enough.
We can see that the bear market of Bitcoin has been ever since 2018. But we can pass it as long as we are aware that the cycle will go on.
If now is the starting point of the price dump, just let it be. Sometimes, we need a period like this in order to be ready.
And if we have enough money, why don't we add the asset of Bitcoin again during the bear market, it is better moreover if we are expecting long term investment,

I fell nothing for sure. I see that a news about bitcoin ETF gets approved has been making the whales are pumping bitcoin again from the below 40 to the more than 41k again. This means the trend is driving by the news that makes people wanna try to buy bitcoin again. I hope that another ETF application will be approved by regulators and we will see the pullback from bitcoin to jump even higher than 41k. We need more and more big news to drive people to buy bitcoin and altcoins again. If we have no news to come and this may become a disaster for the next weeks.
This time people are eyeing potential bounce back of bitcoin. Just wanna try to tell you if we are almost in the end of the dump.

this is always a very exciting topic to discuss. many people have panicked over bitcoin's decline, and time and time again myself and several others have said there is no need to panic.

this is commonplace, panic does not provide any solution. it will make you lose more and more money.
the point is to be patient, bitcoin is perfect for long-term investments. so you don't need to panic.

Heres the thing, my newcomer friend:

We all panicked when we were newbies and every single dip was scary. And trust me, Bitcoin has had waay scarier dips than this. But Bitcoin has always managed to bounce back and go higher than ever before. So we have learned to control our panic over the years and put solid trust and hardcore faith into our Investment into Bitcoin.

You need not panic, rather than that, we are collectively waiting on the next goal: 100k USD per Bitcoin.

Sure, we might have a scary drop before that, but don't let fear get the better of you. Either you trust your investment or you shouldn't invest.

In short, they are weak hands, not diamond hands, lol.
For me, this topic is very normal. But we can't force people to believe what Bitcoin will be in the future, it's their own opinion after a short period declined, and they tend to panic.

If you also visit this page: https://99bitcoins.com/bitcoin-obituaries/
Currently, Bitcoin has died 447 times, lol.

If you're a smart traders and im sure you will be seeing it as an opportunity rather than try to follow the trend to be panic and sell your tokens to the whales. Bitcoin has been facing the death so many times and i think if you were a part of veteran in crypto and you have experienced this so many times. This is just a common thing when bitcoin gets dumped to the bottom. You must not feel worry about that. You can see that if 40k has become the new bottom for bitcoin.
Expecting the recover will come soon.

This thread was created in 2018 and 2018 was considered as the worst bitcoin price drop causing many investors to lose faith and leave the market at that time.

Now that I think things are different, fear still creeps into all of us but it's not so great that it makes us sell panic or give up on our goals. Bitcoin has shown that in the long run, it remains the most investable and most profitable asset for those who believe in Bitcoin.

Yeah, those are crazy times, from an all time high of $20,000 in December 2017, suddenly the price goes down very hard in 2018-2020, and that's what you call crypto winter for all of us. But for those who have survived it, for sure majority has gain a lot of profits already.

Nevertheless, history repeating itself again this 2022 and this could be the start of another long and grind bearish trend. But we will see, we've survived the previous bearish market, so obviously we can do it again.

don't be in a hurry to think that bitcoin will not rise, the history of bitcoin has always been against people who think that bitcoin will soon perish, in fact I have found this more than once. I wouldn't go back to assuming that bitcoin would disappear completely if for no very obvious reason, if it's just a sharp decline, maybe we're at the point of a saturation market and a bear market. The thing to do now is to buy it if you believe it is a low price, then trust bitcoins because they will immediately generate huge returns.

There was a time when the price of Bitcoin experienced a really drastic drop in price and that happened in 2018,
but it must be realized that Bitcoin remains a promising asset especially for the long term,
it looks like Bitcoin is going up again and even reaching a new ATH after 2018 experienced a decline

That's right if BTC is experiencing a very deep decline we have also seen in the past. and then this year we see how BTC makes pumps again.
if later a severe dump happens I'll buy it and save it to prepare with the pump long-term.
a lot of people talk bad when BTC goes down, but when the market goes up people are silent.

Let's look at the past, Bitcoin has never let us down and the future will remain so. Up and down markets are just sustainable market cycles.
We are in the bear market again but don't panic and don't sell your bitcoins make this your rare chance to make full bitcoin in your pocket.
Always believe in Bitcoin we will have huge profits when there is a pump.

Obviously almost no one in here really thinks that bitcoin is dying just because it's price goes down a few percent or maybe even more withing a relatively short amount of time. People that are in the crypto space for a while will know that this has happened dozens of times before and each and every time bitcoin has recovered from that and most of the time even was stronger afterwards in the long run. That being said, of course no one can know if we reach another Bitcoin ATH anytime soon, if ever. I personally think that other projects have just way more usability and scalability than Bitcoin has. Of course Bitcoin is still the king for a lot of crypto enthusiasts as it was the project that started all.

my target price still is $1500 ( grand + smth ) .

I really don’t know what would make anyone to panic at this time. Even at its lowest currently, compared to what we have seen before, the market is still at a very high price. Before now we were very far from $40,000, but now this price of $40K has become the regular price of Bitcoin.

The all time high price we had around 2017 to 2018 was below $20,000. So, what we have now is like double of that price. So, why would anyone be saying that Bitcoin is dying when we are very far and moving ahead? This is just a bearish trend that usually happens in the market and when the time is right we are also going to see an uptrend again.

If you are a cryptocurrency enthusiast, you will have seen this pattern several times and you would have know that there is always a light and the end of the tunnel. So don't give up believing because Bitcoin has come to stay.

How many more obituaries can Bitcoin get before it is declared it won't die? Seriously do we need to surpass 100k first before people stop calling for its death? I wouldn't worry honestly and in fact I am pleased with this current dump because we have strong support at 6k and if we can bounce there again, it only means good things moving ahead.

I hope this teaches you not to draw conclusions just because of a dip, Newbies get this right, dip or bad market are pieces that makes up the Crypto-currency atmosphere, I understand the worry, some coin can actually go into this dip and won’t come out now that when good research is necessary before investing, but in terms of coins like Bitcoin, eth and some other good Alts the chances that happening is low, even if a dip last long, this big coins find away of recovering especially Bitcoin.

it wont stop dyeing and thats realy worth thankful for because the profit is in the death. so each time you hear bitcoin is dyeing, this is practically the best time to buy.

This is not a drop as bitcoin has broken away from the $34k region, the lowest this year.  But it looks like bitcoin is really caught in the middle of a bunch of negative pressure…the history of winning is bitcoin's and we're pushing through greatness.  Just wait, crypto unity will beat FUD

^ I hope this is your choice,  Just a bump in the road. Hold on for the long haul.
I believed that BTC will pump and bump in the last quarter of this month, I saw that this is just a normal correction of BTC price. When the price will be able to survive in the middle of this year, that is a good sign that could probably we hit another ATH and we saw a lot of predictions regarding the BTC price on the speculation board. However, the real fact is no one can predict the price but we should have to wait and have faith. BTC will become more expensive by the end of the day.

Lol. It's really getting boring. I mean these bitcoin obituaries. Dont these FUDders get tired of announcing the death of bitcoin? I mean its obvious bitcoin and crypto has such a massive adoption, its so huge and getting attention

I totally agree with this comment. Bitcoin is the first cryptocurrency. Currently, the market is still affecting the Bitcoin highs and lows. When this is the case, no one can say that he is dying for bitcoin. Because it is the bitcoin movements that even started the period we call the bear season. For this reason, bitcoin will always remain the king in the crypto money industry and will always seriously affect the market.

This post was created four years ago the situation is very much different from what we're seeing right now, Bitcoin is nowhere in on its death bed we sometimes forget about Bitcoin's obituaries where it details and record every discussion about Bitcoin's death

it has already been recorded 447 times Bitcoin's death

https://99bitcoins.com/bitcoin-obituaries/

Whenever we see people discussing Bitcoin's death we should show this website to prove them wrong.

I wouldn't be so sure about it. There are some people who are here just to bash crypto, no idea why they are here or if any of them are real, some of them are clear trolls but some of them do look like they really hate crypto. At the end of the day we are talking about a situation where there can't be just 100% of us believing it going up.

This is why I believe that we are going to end up with some people hating it and that is why we are going to see some people saying bitcoin will go down. If you hate something, you do not want it to be doing good, you will always want it to go down and crash, maybe you will be right? Who knows? I do believe that we will always go up though, even though there will be downs at times, in the end it will always go up.

Corrections that occur in Bitcoin do often occur and can make traders in the market experience mass panic, but many speculators give a fairly positive view of price movements that will occur in the next 2 months because there will be a large inflow of Bitcoin and could so it is possible that the price of Bitcoin will rise quite high in this Q2, so if there is a deep Bitcoin price drop then shop quietly.

Not the first time for bitcoin to meet its dead. Even when bitcoin is still trading around 39k and you called it is dead and what a non sense thing from people who are feeling panic when the bearish market was coming. The correction was just a common thing for now but when you are seeing this as a serious problem you need to control your self not being called bitcoin is dead. bearish trend was something common in the crypto and that's the reason why there was volatility in the market.
If you are a expert trader and you will never call bitcoin like that.

Bitcoin in my opinion is boring, transaction fees that continue to increase have made me no longer use it for transactions for almost the last 2 years, and the stable presence of coins has made the bitcoin marketcap decrease so I'm sure one day it will be replaced with altcoins.

sure.. bitcoin have been facing struggle since it's establishment and government is the only challenges of bitcoin starting from the upset, so emphasising that killing of bitcoin and not killing of bitcoin, the question is that in what aspect do you think bitcoin can be killed or been abolish since the documentation of bitcoin is not any where to be find, so what people who is in government agitating not what that will come to pass.

Now try to wash your face and open your eyes so you can see clearly that Bitcoin transaction fees are very cheap using the Segwit32 network, so many campaigns on the service board use the Segwit32 Bitcoin wallet.
Do you know the Segwit32 I'm referring to ?
If you don't know, try to learn and see and understand well so you don't carelessly say for Bitcoin because until now there has been no Altcoin that has been able to replace Bitcoin at the top.

I'm sorry it's obvious that you don't really follow Bitcoin's fees. Even at the height of the bull run last year, fees are very cheap because investors uses Segwit more.

And you didn't mentioned what coins that is going to replace Bitcoin in the future? Anyhow, I'm sure you are in the majority that believe Bitcoin one day will be replaced by any altcoin. Ethereum and Ripple failed in 2017 and that was the last time that there is such an attempt and they all fail.

First thread post was in 2018 and we all can understand why its title was captioned that way. It was understandably the feeling at the time. Almost everyone in this industry panicked at the time. It was really a low one for Bitcoin at the time. After that experience which stretched to 2019 I began to see Bitcoin as a phoenix which has the ability to revive and resuscitate itself. Now, back to the present circumstance, I don't think there's anyone who will be thinking that way now. What I can see now is that Bitcoin dominance will gradually drop but as for its complete annihilation, I don't think that will happen.

Absolutely. When I read the OPs post I was like...who would have thought back then that Bitcoin would someday get to an ATH of +$$69k and then, people thought that was the end of Bitcoin like we have seen some still think till now once there is a little correction or even if it was a proper bear season, we can be confident that Bitcoin will rebound when its time again.