Bitcoin Forum

bitcoin crosses important neckline support (breakdown) and expected to conitnue to fall down more and more

https://cdn.pbrd.co/images/HqssO99.png

typical bubble

https://jbmarwood.com/wp-content/uploads/2015/03/Nikkei-stock-crash.gif

if you tell me bitcoin is not in a bubble? look at the similarity, its >90% same as typical traditional bubble

goodluck to all holders out there, im pulling all my investment out, hope the best in you!

Bitcoin normal movements are actually acts like a bubbles that bloom and burst, and we all know that market price of bitcoin today is dropping at the lower, but it doesn't mean that it is a sign of game over, and I'm pretty sure that for the next coming days the price of bitcoin will surely rise again.

It's not yet over, the game is just started. Just believe that bitcoin will rock the world of crytocurrency.

For some time now technical analysis have not been working on not only bitcoin but all other crypto currency on the exchange.  I still believe the pull run is very close whales want to use this opportunity to eliminate weak hands once and for all.  The next bull run will be massive.

The lowering of its value doesn't mean that it is game over, but if you come to think of it it is still a coin that has highest value in the market, still serve as a model coin. How can you say that it is game over where in fact it has still high value. it is a normal trend in the market to go down and there will still be time to rise again.

Why their are so many negative people in terms of bitcoin they are always saying that bitcoin is bubble in how many years that you earn and you prove that you can earn more that to your salary and saying this is bubble.

If your basis was the value now so that is why you saying it was bubble so that im telling to you at in terms of investment was no stable value because it always fluctuated  same as stock exchange so bitcoin is not bubble.

Can I know what is the cause of Bitcoin price dropping down so fast? This is a problem for me since that is the biggest downfall that bitcoin experienced.

Are you spreading FUD or just afraid that you will end up losing your investments? If it is the latter, then I/we have no rights to contradict whether you should still hold on to it or pull out because it is your money and not to anyone else. But, if it is the first, then I don't think that anyone would believe it unless there is a solid proof that it will be over. And as the history of Bitcoin suggests, it will not be over yet. It is just finding the momentum to have a bull run. Once it did, you will regret pulling out your money. (If you will really pull out your investment).

One often hears that bitcoin is a bubble. Even if so, I think that he did not lose his attraction for the owners of a very large number of these coins. They are able to influence its price and, thereby, make money. Very good and big earnings. I think that this trip down for such people is just another opportunity to earn.

We can only wait. And .... If you have the opportunity to buy bitcoin, then maybe it's worth doing now.

bitcoin broke support neckline, its not even a fud, its a fact

well im pulling out my investment temporarily, but time will tell. we will see again next 4 months. i bet it will go down to 3k or 4k, i put full trust on technical analysis

Well,  every single person has their own faith, it's up to you if you wanna stop make your contribution with bitcoin. But I think personally we just started this trend and it will be survive for long time.

This is a bad mistake.

Technical analysis do not work in a market without any regulation or logic.
Currently, BTC is a purely speculative market. People are trying to find a price which represents bitcoins value.

Additionally whales do manipulate the market to make personal gains. TA's are probably the least you can trust in the crypto world.

Bitcoin is not over yet and bitcoin only falls temporarily and can rise again. Everyone is free to sell and hold bitcoin, and whatever you choose will have an impact in the future. If you sell now and bitcoin can rise high in the future, then you will generate remorse for your mistake in making a choice.

Agree. Bitcoin isn't big enough for TA to tell us anything about market psychology.

Maybe this phenomena is another trick for the future of the holders. Like here in the Philippines, Bitcoin give a fragrant smell to other people that usually they know little about bitcoin and other cryptocurrency. No one knows about the future, but the sure thing is be wise to what path did you choice ;) :D

huh? bitcoin isnt big? its market cap is more than JPMorgan total market cap 300b (last dec17), 300b not big enough? its already half the size of apple

However the case maybe, bitcoin has changed the world and I really do not think it is over. There will always be bad days but the sun always comes up tomorrow. If the tech were rubbish I would agree with you but the blockchain is phenomenal and this is what I believe would save the day.

TA works on any free-market as it has fear and greed element. However, indicators for stocks/commodities may not suitable for cryptocurrency market. Anyway, the exhibit posted by OP indeed shows crash/bear market. However, BTC will bounce back sooner or later. Not bubble, in my opinion, only a correction.

How can they say it's game over if it is doing will in the market, that is why they are attacking it  because bitcoin is on the top.

Thanks for this post, you just make a new enter price for new investors.
I like fuds, because i can buy the bitcoin cheaper and cheaper and when Q4 of the year, i can get a lot of profits  ;D

They do work to a certain extent, but they're still far too unreliable in my opinion. News and developments from all around the world are one of, if not the largest factor in crypto price movement, and technical analysis methods can't take those into account. I personally don't put too much faith in them.

I agree with everything else you said though. It's not like anyone can prove Bitcoin is a bubble by just showing a graph anyway. It's not a bubble until it pops, and experts have been predicting that for a few years now to no avail.

The game didn't start yet to be over and as we said million times, you can't campare crypto to any previous bubble as it's something we never seen before and we are still learning about it.
one more thing, my advice to you : don't apply TA to a market without regulation.

Bitcoin is not over. It is just starting. Applications of it are just starting. Plus technical analysis and charts are one of the things we should base. Many things will happen, i prefer to keep holding. Thanks whale. :D

i've invested my whole asset in Bitcoin, so sad if this really happened

You probably don't know what you are saying and easily believe on what you are seeing or read on the news or interenet. Technical analysis work sometimes but doesn't always work in this market so you shouldn't always rely on it because there are lots of useless analysis out there, and how can you say that if both market have similarities, it will end up the same? go on and pull out all your cryptocurrency investment, hopefully you will not regret it if Bitcoin recovers from this fall in the near future. Anyways we are all just speculating and no one can exactly predict the price of Bitcoin.

LOL. you just drew 2 of the most random lines anybody could have drawn on this chart and then made a conclusion based on that! what the hell happened to analysis the topics on bitcointalk keep losing value every day.


thanks for letting us know, i was so worried what you are going to do with your bitcoins now my mind is at ease.

Bitcoin cannot die. It is decentralized and trustless.Governments can’t control it and it has a ton of support.Bitcoin and the entire Cryptocurrency market is on an upward trend and the coins are more alive than ever.

I think we can be sure that bitcoin will really die. I think the current bitcoin drop is still a normal thing. So do not take too much of a conclusion based on a single thought, it will be great for a panicky person. So keep thinking positive that bitcoin will rise again in the near future.

I still believe bitcoin will bounce back and it will rise again, this kind of situations is very normal and our trust and faith will be tested also even if I'll lose I'm not regret it at least I'll try my best to become successful in this field.

you lost your luck if you pulling you up all your investment, Don't Lose Hope and Patience, bitcoin will be fine soon. And I do believe that. bitcoin is the king of all crypto and one day it will be back at their crown.

Bitcoin will not die price drops over for many months now. This is usually happening in the market so we have to accept the fact that it can go down. It is not down forever so I am one of those positive minds market will in green days again.

Another FUD post about bitcoin. You never stop to bash bitcoin and this has been one of the hundred times that bitcoin has been said to be a bubble.
What about real estate?
Thanks for your best wishes and someone who doesn't truly believe in bitcoin should pull out his investment.

Bitcoin don't have any limits.Now the price of bitcoin started to raise again.Now the price is get back to 6600$.Check this
https://www.coindesk.com/price/
So the Game is not end.Just Begins.
Instead of blame the bitcoin price,you can inverse at low price.Now the price is seems to reach the value of 7000$ before the end of this day.The investors at 6400 mark will get some profit.

Analyzing for the long-term of bitcoin price by using TA as such is a big mistake. Based on what has happened, I mean bitcoin has experienced something like this before, but what happened is in the next year bitcoin prices keep rising up to the highest price. I guess TA is only useful for predicting short-term, not to determine the future of bitcoin.

This is game over for you, yeah just for you.

How you will say the price is the cause for the bitcoin termination.It don't understand your concept.Because the price will not cause end to the asset.Only the demand of the asset.Now the price of bitcoin moved to green road,hold your bitcoin to sell at high price.

By the start of the year, bitcoin had three chances to recover: May, August and October.

May already passed, so the price can reach 4888 until the end of July, as some have predicted. If dont recover in August, then the price can go to 2000 by the end of September, and if dont recover in October, it can fall to around 500, having a new chance to recover in May 2019. In case of recovery, it can reach from 12k to 86k in December.

What is the significance of May, August and October? Is there something scheduled to take place during these months that I am unaware of? What makes these months so crucial for Bitcoin's recovery?


Bitcoin will not fall to $500 this year. The only way this will happen is if everyone starts selling and dropping Bitcoin like it's a hot potato. I don't see any reason for this to happen. Besides, if Bitcoin were to fall to $500 the confidence in the market will be eroded completely. It's likely Bitcoin will never recover if it drops this low, which is why it's not going to drop that far ;).

Lol, why are you still here then, I hope you never touch bitcoin again. We, the hodlers, are going to be the new wealthy elite, the 1%. And there's no space for the weak hands.

No it is not right to say that bitcoin is going to die, bitcoin will remain as alive for long long time, because bitcoin is still in its initial stage and therefore still a lot of people do not know about bitcoin, i think that the interest of the people in bitcoin will continue for a long time and will continue giving profit to people, we just need to hold bitcoin and not to sell it.

K fine!  8)

You can always pull out your money out of crypto since its your money after all but dont regret later on when its start to recover up once again and might reach up new heights. We can really make some comparison on charts into traditional stocks or forex/assets but took into consideration between 8 year old price movement compared to 40-50 year old traditional asset price movement? I know you do know what i mean.

i think that's precisely why TA works so well on bitcoin: it's a highly speculative and emotional market. it doesn't have the kind of macroeconomic fundamentals you should understand to successfully trade commodities and forex. it's straight up supply and demand.

TA doesn't depend on regulation, and i think there is much logic to the BTC market. it's about supply and demand: knowing whether it's bears or bulls who are primarily out of position, and trading accordingly.

take today's breakout for example. we've been sideways for about 5 days, and just broke new highs. that tells me we're heading up now---all the bears entering shorts for the past several days are now in the red and want to close.

The game hasn't begun yet, what's happening around the network is just a beginning to the future change. Right now it might look something like a commodity that got its existence from the technology. The game gets interrupted for further updating which gets spread in the negative manner that the game is over. When people begin to realize the change the game becomes more popular than ever.

Bye...

all is a lie some people who do not believe in bitcoin will say like this that bitcoin era will soon run out but this is a very reasonable thing when the price declines they new people will not believe that the next few years prices will rise.

I hope not and I think it's not. Price of crypto don't depend on the chart, although some can predict using that. Most experts predict that bitcoin will be more than what it reached on 2017 last quarter.

No, it is not how can people say the game over and this makes people to panic more about the bitcoin. The chances of increasing market cap are very easy but there is numerous reason for not increasing. If you panic about the market then you are going to lose money.

You are absolutely wrong dude! how do you know the bitcoin price movement? even though some experts did not know when the price of bitcoin will die. We can not rely on this false new work of some critics against crypto currency like bitcoin currency. People always getting panic because of lack of knowledge about the movement of the market chart, it's obvious that  chart was work by a whales and people agianst bitcoin.

Bitcoin has not been game over, but bitcoin can still continue to the next level. Although these days bitcoin falls low and many predict bitcoin will not survive, but I do not believe it all, I believe that bitcoin can still survive and can increase its value again.

Well on my opinion it will go lower price , 'cause actually this current bottom price still have strong support, and indeed as long there are  more investors keep buying at dip bitcoin will stay above or in the bottom and always had a potential as well to increase again and again so it will not fall back to the worse price , unless if all people leave on crypto world and make an investment on fiat. Lol

It will never be game over for bitcoin. As long as there's people who believes in bitcoin and continue patronizing it, bitcoin will still exist and will never stop giving people and investors huge profits. Let us all remember that bitcoin  starts its price value to $100-300 way back back 2009, so there is always a possibility it will continue to rise although bitcoin is in a big dump right now but time will come it pump again and will continue to level up.

New Malta Bankers Association Chairman Praises Blockchain, Says Crypto ‘Here to Stay’ (https://cointelegraph.com/news/new-malta-bankers-association-chairman-praises-blockchain-says-crypto-here-to-stayl)

Binance Supports Malta Stock Exchange’s Startup Accelerator Program (https://cointelegraph.com/news/binance-supports-malta-stock-exchange-s-stratup-accelerator-program)

Square Receives NY BitLicense, Cash App Now Offers BTC Trading for New York Users (https://cointelegraph.com/news/square-receives-ny-bitlicense-cash-app-now-offers-btc-trading-for-new-york-users)

Two Major Russian Banks to Offer Crypto-Based Fund for Retail Investors (https://cointelegraph.com/news/two-major-russian-banks-to-offer-crypto-based-fund-for-retail-investors)

is not game over, you can do a lot of graphics that you wanted, you can sell all your bitcoin, but still have a lot more people to buy bitcoin, so your exit will not be lacking for the crypto world

A little pullback will always be beneficial since it generates more opportunity to hop on the BTC Train while the price is still within a "minimal" pricing. I'll just wait for a couple of months then see how your FUD "goodluck to all holders out there, im pulling all my investment out, hope the best in you!" will turn out. Anyways, I know pricing will pickup soon as early as third quarter of this year just like what happened last year and began to spike up to $15k+ in November.

Well I don't think that' the case here since if investors keep buying duri dips, we won't be in this situation right now and bitcoin would probbaly have a higher value. People are either hodling or for newbies, selling. Though good times are coming I believe. We can't have the entire year to the bears

Triple bottom breakdown or triple bottom reversal ?

I'm aiming at a multi quattro bottom reversal.   :o

How is anyone here supposed to provide useful input? If we are going through a similar scenario as last year then everyone will continue to be wrong. Does anyone here remember how many times people tried to call tops at that time? It started at $2000 and continued to $20,000 last year. The only certainty that we have is the long term. For now $6000 seems to be holding nicely, and Bitfinex offered a decent amount of buy support during the attempted test of that level, but we have a long way to go before we know whether or not we're safe. Ideal situation for that would be a relatively quick test of $8000 in the coming weeks.

I disagree with the opinion of author of this thread. No doubt that we will see more crashes of Bitcoin in this year again. But I am absolutely sure that whole market will recover next year together with Bitcoin. It is natural that after great rise, we see hard correction.

The reason why the prices in the market today is dropping, is because of the people who are holding a huge amount of coins and they are panicking right now due to the market that is dumping its prices today, if most of the people will be holding their coins then there might be a chance for the price of the coins to increase.

The other chart is not "just another investment", it is Japan's Nikkei stock average. Its long bear market has perplexed many trading analysts on why it never went over its previous all time high of the 1990s.

I believe the OP is only showing us that a very long bear market is possible.

game did not started yet. Too many projects trying to make a bridge between real life vs crypto and at least few of them going to achieve this.
After implementing to real life bitcoin prices will rocket soon.

No, the game will still continue and still be played. I do not think bitcoin ends because it is impossible for now, bitcoin will be able to rise from the current setback and will have a high value.

The bubble was inflated by users themselves. But what next? This will not lead to the death of bitcoin. Someone lost their money, someone earned. The balance in the network is maintained. Bitcoin is still attractive to people in the first place the opportunities it offers. Price this is the second time.

If you compare bitcoin with some economic bubble that has occurred before its just with charts it does not make sense. What is the function of nikkei for everyone? I think just a little bit. Take a look about the bitcoin function or about the overall cryptocurrency function, everyone will argue what you say. Bitcoin function is not just a place of investment and trading, but more than that can be used as an alternative payment tool. I think the reason mine is clear enough to deny what you are saying.

Last year, the bitcoin price was $6k. Where were you? Maybe you were having a normal life wanting to find a good opportunity to make it better. Go ahead and pull out your investments. Others will come and invest in bitcoin. We do not need people who only cheer for it in its ups and discourage it in its downs. You are not real. Or maybe you are just pretending so you can make people lose faith in bitcoin and invest in another coin. Is that your intention?

I invest in bitcoin since it was $800, not $6000 dude. And went through more than 8 major crash in my 2 years journey, but this is the hardest crash ever felt.

At least it allows you to grow a thicker skin to handle the next major correction like a champ. Everything that happens should be seen as a learning experience. Most of the newbies that entered experienced nothing but a declining trend, but that only makes them stronger and appreciate increases more. All people before the correction are spoiled with how the price has gone up and they can't think about anything else anymore. The correction brings the much needed balance because that's how markets depending on supply and demand work. Nothing keeps going up endlessly since there is an end to every possible rally and hype sentiment.

Keep in mind Bitcoin's price have increased a lot because there was a hype ongoing. When people saw Bitcoin wasn't a method to double their money in 24 hours, they retreated and I believe that is the retraction in price we are seeing.

But it doesn't mean Bitcoin is failed. There was a hype, but meanwhile another people were involved with Crypto-Currency for another reasons besides doubling their money fast. I mean developers, businessmen, educators... And these are the people who will make Bitcoin grow on long term, not the hype enthusiasts... These are too volatile like BTC's price.

So the game isn't over!

Bitcoin is not over yet and I believe a lot of surprises to happen in the market. Well depends on you if you were out of this industry and lose hope. Do not regret when the market rises than you did not expect.

Yes, you're right mate. It's too early to speculate about things that will never happen in crypto business industry. Bitcoin has still bigger value and talking about its downtrend, I found it normal. So therefore, there's no bases when we say btc is over.

There is no accurate prediction because anything can happen in the market since there are different people in the country who are still interested on investing and because of that, we can always expect for the price to grow even more in the future.

Yes, we have a new generation of Bitcoin hodlers who will not rest from spreading the good news. The "trapped" investors generally become the most ardent of coin evangelists. Hahaha.

But it's better to be trapped in Bitcoin than a shitcoin. By some degree, they still made a good decision.

The bearish market has started getting weaking and we should expect a turn of events soonest.  I think the bullish market is not over yet as in this market and little turn of events can provoke another direction in the live of a coin.  I think bitcoin price is more stable now than before and that is what matters.

Good luck to you as well pal. it's your choice so i suggest to don't regrets in the future. Lol  anyways base on my personal analysis on this moment i've noticed bitcoin made a small pump. Which is from $6400- $6700 and it is a big sign by the way,  such positive movement that bitoin value will not going down anymore , so good luck to you pal. Haha

Prediction through price chart only is not enough yet, all back to what could affect it over time that hasn't yet confirmed that bitcoin is really about to be over. Many predict also from the side of economic growth, the advancement of the era, etc, there is still a lot of acceptance that hasn't happened yet.

A fool and his money are soon parted.

The bear market is only growing. That is the beauty of it.
Whales and experts telling everybody there is a golden buy opportunity and this is the lowest price level.
Meanwhile they keep dumping their stashes and get rich on idiots buying.

A lot of old coins are being dumped on the market. Those are the real 'bitcoin believers' that held for years! They are SELLING in high volume!
Add to that all the hacks which gave hackers hundreds of millions worth of crypto that still have to be dumped into fiat.

That means very dark times ahead for the price.

many people think bad about bitcoin at the moment. but, I suppose that's just the frantic behaviors trying to spread the FUD.

lets just be happy for them if thats what they really think of in bitcoin , besides we are the ones who will be more fortunate at the end and they will only regret because they dont believe on bitcoin before .

@op the game can be temporary over but the game wont not end too early because bitcoin do have many lives . the game will soon resume again by the next month and bitcoin will  reach again its new high score.


thats right.  bitcoin is only getting started and its existence is not yet fully recognized by every single people on the planet. therfor the game isnt over yet. bitcoin can still go and pass a lot stages  .

OP the same graph and analysis was shown in past when the bitcoin market crashed due to Mt.Gox scam but after some time it got back on track and you would have witnessed the boom price in Bitcoin. Same way now it is not scam but all big players and longterm investors are just buying in low and waiting for the price to saturate. It may be that this year we wont see the bitcoin price move high but next year it will sure move up.

No one is actually saying bitcoin does not have a function, but if we really want to be truthful to ourselves, how many people are using that function exactly for what it is. Just very few even if there is any and that brings me to the point that we were in a state of bubble, and simply put, this is the after effect of it.

The function is still going to be utilized in the long run when we start seeing mainstream adoption, but for now, everybody just wanted to get rich and apparently have gotten screwed by that. However, this does not mean it is the end for bitcoin as there is still so much that the future holds.

I have read this kind of negative posts and comments all the time every time the price falls..Game over, dead obsolete, drop to bottom line etc. And people gets more panic and more negative thoughts so they sell out or stop investing to bitcoin but every time the price recovers they feel sorry and buy again at higher price. Truely bitcoin is not for the frail of hearts.

Bitcoin game is not over .No one can say this till the price reduced to 0$.Did the price of bitcoin is reduced to 0$?
I was sure,it was not happen.So the game of Bitcoin is not over.We can't say it's over by the price fluctuations.Due to price volatility,new investor had a great chance to buy at cheap prices.

If bitcoin is already game over then bitcoin is gone, but currently bitcoin still survives and it proves bitcoin has not been game over. It's just a temporary decline and will improve later, be patient and eliminate your panic.

OP needs to stay calm and don't judge that game is over. The good time will begin soon and one will realize that it was very smart to buy at 6500$ range as when the price shoots up it will be like 2-3k in a day it will cover up and then people will feel bad of not buying during low times.

I never get bored of it. It feels incredibly well knowing that people have been saying that since I entered the crypto space years ago, and seeing that this is still the case shows that Bitcoin has way more growth to catch up on. We don't even have to say anything anymore -- the market breaking through record highs is all that's needed to shut them up. I don't even see kwukduck showing up anymore, what happened with him? It felt good going against him every time he created another 'Bitcoin is fundamentally broken' thread. It's fundamentally broken according to him but he never moved to another coin. :)

haha, yes you are right there are already a lot of people who tell that cryptocurrency will die in the future but still right now there are a lot of people who are interested on investing in bitcoins.

This is the type of FUDs that drives noobs crazy and forces them to panic and rushing off to sell in a very low price causing them to loss their gains when they should be making their gains. You guys should stop panicing whenever you see the reds in the chart. Its a normal situation and it will come and pass, its a phase that needs to be crossed and it will, just be paitent.

Yes, we are in a bear market. Everyone knows that by now. And we're unlikely of get out of this current bear market for at least a few more months, after the recovery comes. So don't expect any bullish momentum to stem out of the market at this current moment.

However, is it really to say that bitcoin is going to be dead for the long term as well?

I don't remember how many times people have said that bitcoin is dead. It's not, it's still in the early adoption phases. These bull/bear markets are just a part of the cycles within the market, and nothing more. Long term, prices will still increase as adoption increases. It's really as simple as that.

Bitcoin has died roughly 315 times already.
Secondly, you should read some books about how to draw the charts. You can make the same lines all over the chat and say bitcoin will be $1m in the near future.
Thirdly, in the long term, mostly news and attitude of the society drives the price, not the lines. Higher the demand, higher the price, some simple economic books will not hurt here.

According "Fred" chart it was more than 10 years, looks at that small decline down for a quite long time, zoom it in and analyze for some time, would be helpful in the long-term. In my opinion, Bitcoin is about 1973 or 1984 according to that chart, hard to tell.

Most of the people will always tell that cryptocurrency are going to die like this times when it was in a huge dip but still bitcoins will still manage to grow up again after a few months so keep on holding.

Bitcoin is not yet game over because decreasing price is normal and we believe who suppoerters of the bitcoin the price will become very high again. The always we say be patient and everything will be okay and you will get more profit once the price increase again. Bitcoin are still strong and good foundation because bitcoin have still a lot of supporter and investor.

Bouncing back hasn't been something strange to bitcoin and having such a pattern doesn't make it a bubble even tho it has acted so .
People will keep investing in it and potentially making more money than they'll do anywhere else because ti has offered to internet literates a lot of work possibilities and created a new way to store wealth for some , to invest for others and to transfer money for many people around the world .
A pattern won't really decide the fate of a currency and we have seen it getting over much worse scenarios and it'll certainly get past this too .

Contemplating again about this, I believe the OP's comparison is also very wrong. Yes, I posted I was open to the possibility that Bitcoin's price might become like the Nikkei. But no longer. The OP has not taken the significance that Bitcoin is a new revolutionary financial system. It is a new world changing invention similar to the telephone or the airplane.

Exactly, he just change the word dead into game over. Many have said it before but until now btc is the leading crypto. I guess that guy pull out only in btc but not in crypto. Maybe he shifted to altcoins or spreading things like this as if others will believe so that he can buy more if ever the price goes down.

No matter, what your decision is, we aren't following you and keeping our faith in btc.

You better think far ahead, bitcoin is not a weak coin that goes down and then disappears, but bitcoin is the strongest coin with full trust, bitcoin will not die and still can survive.

They only said it was game over because most of the traders today are selling their coins which make the prices of cryptocurrency to decrease even more, some are pressured and ending on quitting but just try to believe on the growth of cryptocurrency because it will increase again soon.

The game is over when Bitcoin reaches a price of $0, until then have some faith will you. While the trend line is broken, it doesn't mean anything happens 100%. All it means is we are more likely (51% and up) to go down more, than we are to go up (49% and less).

bitcoin is stronger than NIKKEI 225?

but NIKKEI also falls down like no tomorrow how bout speculative coin that has no value like bitcoin?

I disagree with this view and I can tell you that this is a beginning of another upwards movement.  We are aware that bitcoin is in a strong bearish but this has not signified the end. We should expect another upwards movement any moment from next month.

And how can one say the Bitcoin game is over even if it is still the top ranked coin in the market with the maximum market cap. I do not understand this logic. But such things are been said only to degrade the mustered up courage of the newbie and of the existing investors to quit the job. In my opinion, as long as you can earn some money in the business and as long as you can make use of the services Bitcoin offers, the game is live.

Man everyone is now buying Japanese stocks. You are pulling out? I dont get people like you.  Why you bought Japanese stocks in first place?  Japan is most crypto country. Their economy will flourish in upcoming years thanks to the fact that after MtGox fiasco was first country that looked into Bitcoin and crpyto from all angles.

heard this since january until now... it never gets old  ;D ;D ;D ;D

Don't ever listen to this idiotic, ''death cross'' OH NO BITCOIN GOING TO 1K and yet after the infamous death cross, nothing happened, in fact bitcoin bounced back days later, these ''indicators'' are definitely not that important.

did you see my graph used any indicator? not even volume you fool, only 2 lines drawn on the graph

it is not a good idea to long a downward breakdown asset, try that with margin you will go bankrupt within 1 day

This is a great idea man!
Future wise, Japan is one of the  greatest answers. Right now, they are making again another set of cryptos. I hope the system will be like of bitcoin so it could be safe and realistic and become a very helpful means for other people.

That's true because the price volatile in the market it doesn't mean that bitcoin will stop the game actually it's started and you will see bitcoin will surprise all people in great increasing.

If we think of bitcoin to just rise everyday and do not consider it to go down from time to time for some corrections or factors affecting its price and of course the volatility, i guess one should not enter the the cryptoworld for its not that way. This kind of post is not helping the bitcoin community but i respect the opinion. For me one thing is sure bitcoin has always managed to rise after storms and it will happen again this year.

It was obvious this would be something to expect during the bubble phase we got into last year. As long as a real demand based on intrinsic value is not driving a market but just some level of speculation and manipulation, then it is a bubble. Bitcoin itself is not a bubble but it was bubbled and that bubble popped earlier and we are still in continuation of the burst of the bubble. It is hard to know how low this is going to get for now, but we have to wait and see.

I never accept that conclusion of "game over". We are still in the beginning of game of new history of human race. It will not end up in near future as it is evaluating itself to adopt the changes and advancements hence just a price drop will not write the last chapter of bitcoin's era.

I do not think that way, the game is still sustainable and can still be played to get a better prize. Bitcoin does not end and can still rise high, hold for profit in the future.

Bill gates say that nothing can stop bitcoin now. It will prevail in the world and the people around the globe will use bitcoin for their daily needs. Bitcoin will never die. Think that when the price of bitcoin was a few dollars, it didn’t crash and now the price is in thousands of dollars. How it possible is that bitcoin will blow in the air or will die? These all are fake statements.

The Bitcoin is in difficult situations is a truth but we have seen its recovery after down falls many times in the past. The price was low in the start of 2017 Last year and then recovered to a highest value. Similarly the value is going low in 2018 and took too much time to recover but we know that it is a long term investment and we should wait for it to go high and we would be able sell then.

90% of so called HODLers here are sure that bitcoin will grow in price because it did it before for two times after collapses. It is as clever as to predict rain because it was rainy for two times this week.  What the difference between this speculation and theirs? this thread is more realistic than tails about 20K in december 2018

After the time of growth, there is always a fall, that is, the less interesting part. What do you do when markets go down? I'm trying "Simply HODL" is my answer. Bitcoin does not stop anything and absolutely is not a game over.
Bitcoin has been here since 2009, and the current drop does not mean anything. In the past, there have been such downturns and see where Bitcoin was at the end of 2017.
Turnaround can happen at any time. There are many rich people involved and they know what they are doing. Whoever sells can then regret it. This is my opinion of the matter.

It's pretty safe to say that barely anyone is selling right now, and why should they?

The only entities selling are a bunch of rats using their bots to get people to sell. It's a shake-out, but no one is selling so expect things to turn more ugly. I'm not saying it will turn ugly, but just expect it. If it ever comes to a point where it does turn ugly you at least won't be as affected mentally. I wouldn't even be surprised if this is done by institutions looking to score coins before the next bull run starts.

Don't forget that during the peak of last year, long term holders and investors have sold quite a bunch of coins. These coins need to be bought up in order for the price to go up. The only question is at what price it will be done. There are just too many coins floating around that needs to be put back to sleep for years.

Bitcoin has crashed more than just two times over the last 9 years.
So yes holding through this bearish times is the smartest thing you can do if you know about that and don't know to trade.
Bitcoin is still in very early stages and therefore the swings are pretty wild and brutal.
As much as we dislike the actual situation, the next bull run will happen. Just a matter of time.

http://fs5.directupload.net/images/180625/aql289hx.png (http://www.directupload.net)

I think it's not yet "game over" for bitcoin or bitcoin is a bubble. I think that this currency as more things to prove on its part and might be a subject to success for those who invested in it.

Yes, I agree. I dont think its right to speculate earlier on a simple and normal downtrend of price to an end of cryptomarket or game over for bitcoin. It seems they are not aware of a business strategy in order to win back the interest and trust of many bitcoin users which will in return give more benefits to all. Im pretty sure there will be an increase on demands after this bear market. And I can see happy faces again for those who patiently HODL their coins.

If Bitcoin had to bury alive then it would have done it even in the beginning and in the presence of oppositions but it has proven to all of us and all of the countries who oppose it. We have seen so many down falls and right after the upheaval we have seen it recovered again and again. So this does not mean that the market is going to die and the game is over, wait for some time Bitcoin will surprise you.

All perceptions were negative yesterday but today Bitcoin has changed the routes of our perception. Today the value improved although it is not a big improvement but it shows that I am still alive and we should remove this perception to think that Bitcoin will over because it is internet and a rich source which is in need of people so we can not lose this opportunity.

An improvement in value is as temporary as anything in this market. It seems the only constant this year is the sliding price. But that doesn't mean bitcon will not recover anymore. It's a cycle and sooner or later, these bears would lose grip on the market. That's what i'm holding for

just relax bitcoin can get back to recovery you just draw the focus in one event even though some earlier also its movement always up and down, therefore bitcoin price can certainly do recovery one day because price will not always fall.

Indeed price will not always fall it is not over yet. Many things will happen in bitcoin that users can still involve into use of btc. It is I am certain recovery will happen.

We cannot conclude the life of bitcoin, stating that the game is over. Several issues were getting circulated around the globe relative to bitcoin. This doesn't mean bitcoin's game is over. Probably each price drop in my consideration is a time for a further price pumping. Hope, the growth will get initiated within small time period.

As long as there is a continued and strong support of believers, and if demand is increasing rapidly I don't think Bitcoin will come to an end. Bitcoin is becoming more popular each day. It can be hard to predict its future, but I believe these are only speculations. Nothing is easy in this world, there can be more massive price correction or unexpected challenges bitcoin may encounter, but I think it can survive if we keep our faith high.

To be honest, if it were a bubble, it would not have attracted so many investors into the market and would not have developed such a good market cap. The status of Bitcoin among other crypto shows its strength. Besides, it has been accepted in almost all countries around the world except few. Can be used as a medium of exchange as well and one may pay for a car bought in deals on wheals in Bitcoin.

As long as there are investors who's willing to invest with bitcoin it wont be a bubble. Give the market a time to recover. Bitcoin is not alone in the market that's crashing. Even the other coins in the market are crashing as well. It you are not sure about it leave it to yourself. You will just attract new investors and holders to lose profit.

I doubt based on which thing ,you come into conclusion,bitcoin game is over.I strongly disagree with this.Did the bitcoin is announced as a illegal one throughout the world.?
No then,why you come to the conclusion of game over.Now the game is begin for the new investors.New investors can inverse now with low value.

This is not a normal asset or stock bro. You think just because you drew 2 lines it means that you know the future of bitcoin? Are you new here? Anything can change within a day, good news, bad news, fud. Obviously we are in a downtrend but if you look at the history of bitcoin the past 6 months, we always bounced pretty hard when the RSI touches 30 on the daily charts. There is no reason to think this time won't happen.

not yet, bitcoin is not over yet because I see bitcoin is still very used and still has a very high demand, when bitcoin has a very limited total supply bitcoin price will be very expensive someday and bitcoin will never end.

this huge drop may lead to a bullish run soon.. no panic  ;)

It's really important to have end users, usage will determine if bitcoin will rise again or if it's completely a bubble, as of now there's still gambling site which operating using bitcoin and some other cryptos, and there's also some online shop who cater bitcoin payments, from this point if more people
will be encourage to use bitcoin a big possible chances that it will increase its value and things will be brighter when every single coin already been mine and the popularity will continue to increase.

Yeah you are right that the price of bitcoin is decreasing day by day, but there is nothing to worry about it. Everything will be ok after some time. Till that time you will have to keep your coins to avoid lose. These types of statement are due to big fall in the price. When the price grows again these topics will also end. You should not be panic and be optimistic.

Bitcoin will never be over because people will still continue to invest even more in the future due to bitcoins that is well known that is good for long term investment.

To OP, and who said that we were not in the middle of a bubble? Everyone knew that, besides some people are expecting the value of cryptocurrencies to go to zero but this is not the tulip mania, tulips do not have any utility, bitcoin is very useful since it allow us to send transactions all over the world and that is not a small thing, so bitcoin will always have some value.