Bitcoin Forum

It seems that after the news that the U.S. Securities and Exchange Commission (SEC) delayed a long-awaited decision on a proposed bitcoin exchange-traded fund (ETF), Bitcoin is keeping loosing value in eyes of investors. The probabiliby that we will face even large losses in the near future is high.
Do you think it's a GAME OVER?

Lossing value of the bitcoin it doesn't mean  bitcoin will end or game over, we are here to support bitcoin just like today valur of the bitcoin dumping we need to support like what bitcoin support bitcoin financially or for our needs.

The SEC denied the Winklevoss ETF & we went down a bit but then rallied to fucking $20,000 a few months later.
So to answer your question - NO IT IS NOT GAME OVER!

do not get to hard involved with the NOCOINER.....

How do you know that btc is keeping on lossing value in eyes of investors? Just because of what happened recently, do you think so? That doesn't determined dude. The price is still strong at more or less than $6k floor and you think btc is game over? $6k is still a lot of money and btc is known for recovering in every fall though it takes some time.

If what you are telling about market over due to ETF rejected then the price should have fallen more but still it is strongly holding above $6000 price. Bitcoin cannot die due to one or two bad news it more stronger then you think

yes, it is game over.
this decentralized currency that has only relied on the decentralized network of peer and nothing else is going to die because the centralized security exchange in US denied exchange trading funds. we are now burying bitcoin since its price has fallen 99% in the past five minutes and it is close to 0 now. /s

There will be European ETFs before the US catches up.

Once they see all the money leaving the country they will act.

last year price @ this time and price right now .....  ::)

last year at this time price was aroud $3.6k but the price was rising up. We are seeing actually a progressive decline, which is really a bad sign for the Bitcoin.

Of course its decentralized, but it still relies on Fiat at the end of the day.

Bitcoin increase on its own without the ETF so whats not OK with that, I really think it can sure make the price on an steady increase but I think the value will still manage when a bull run may occur, And it is not a game over when the government or the bank or a majority of people would not want bitcoin it is not the end for it and will keep on rising like a phoenix whatever keeps it down it will only goes up every time a good opportunity comes in.

Why is the ETFs the end game for Bitcoin? I don't think so there is still a lot of things to process on the legislation side, BTC up to know still needs a law outside from the regulations and permissions of the SEC. If you are thinking about it clearly we still have other news to think about and it is not all about the ETF hype. Remember a much more important news for Bitcoin is when it clearly has a law backing it and if all countries have one then institutional investors are the ones who will personally be buying them.

Stop spreading nonsense. Bitcoin will never end. And even if the price decreases, it does not mean it will be a game over. Bitcoin is still going to be number one cryptocurrency. As a matter of fact, more countries are recognizing bitcoin and more people will invest in it because they believe in its potentials. Added to that statement, bitcoin is unpredictable. You just do not know when it will shock you and when it will surprise you.

It was only delayed and if it will be denied, bitcoin won't end that way.

I'm sure that last year you also have read the news that it there was the same proposal and it was rejected, but did bitcoin ended because of it? no.

Bad sign if you keep chasing the all time high.
Compared last year, bitcoin still performs better.

Nobody is spreading nonsense  :) This is just a discussion - SPECULATION -. Don't take it personally please.

The news is indeed enough to make a lot of investor attention reduced to Bitcoin. But we must see everything in the long run. The potential of Bitcoin and cryptocurrency is still very large, this market is still very potential because as we know that in the future that digitalization will be a top choice for many people. The accessibility that requires everything to be faster and safer will make cryptocurrency a great choice for many people. No matter how bad news is, but when we continue to believe and continue to use Bitcoin every day, it will help the level of trust in bitcoin. All we have to do is try to convince more people to use Bitcoin. That is what will change the stigma of people's thinking and can change the future of Bitcoin and also the government's view of cryptocurrencies.

It's not going to game over, many investors already losing a lot of money and they kind of losing hope with Bitcoin, because the bear market seems like not going away from a long time, it's a dangerous situation for Bitcoin, but it's not going to make Bitcoin come to end

It's not game over yet and I think we will see the bullish market again in a few weeks, for now, bitcoin investors and holders are suffering because of bitcoin ETF decline that results in panic selling. I just noticed that the price of bitcoin depends on what news condition if people heard a good news about bitcoin the price start rising but if all bitcoin news is bad then the price starts falling. Like what happened these days.

So better to rely on what bitcoin news condition so that you know what will happen in the next movement because for me it's accurate source of signal to know if the price will drop soon or the price will rise again.

Game Over is only when the bitcoin price becomes ZERO and bitcoin mining stops.
Until then it's too early to give up.Bitcoin exists for only 10 years.This is a really small amount of time.
Blockchain is a technology that is still taking it's first steps.There is so much room for further adoption and improvement.The future of bitcoin doesn't depend on some SEC decision.

Yes thats true.
I feel like the price could drop to 4K before going up again and it could take a while.

It can always be worse, but I suggest you do not lose your hope. Soon everything can be improved.

I dont believe Bitcoin can go much under $4000. So we are mostly there already, considering the price and the time.  Bitcoin will start recovering in Spring 2019.



Yes when there are at least 2 people using Bitcoin it works.

You will never understand the strategy to what the cryptocurrency is doing right now,?  Bitcoin the great deal will never say goodbye to everybody, if that happens all the whales will totally complain and there is a possibilty that there would be a chaos in the blockchain internet.

US is already against in Bitcoin because it is not controlling by USA and it is decentralised platform so total market is escaped in US regulation.
I think this is the starting point of Bitcoin because recently it was popular in entire world so as soon as possible everyone believe the Bitcoin and it will going to moon in future.

I believe that bitcoin still has a chance to skyrocket again, when current prices drop then buying is a more profitable option, I'm sure that the future of bitcoin is still brilliant.

It's like the beginning of a new game. The old game for the market has ended. The market goes down is to prepare for a new game coming. Not a game over. ETF, as I thought at first, it would never be accepted. This has happened since 2017 and of course it will continue to repeat

of course not, bitcoin will not end and game over because the rising and falling prices are normal for the crypto currency so that when prices go down we don't have to worry and panic because bitcoin will definitely survive and recover soon

No bitcoin will not end, bitcoin is still running only the price was down at $6,000. If bitcoin will become zero value tomorrow that we can say game over.

Its just a manipulation on the market. Big players dumping crypto and buying at cheap price. But in this year will be most huge for all time bullrun I think.

bitcoin will not perish, the possibility of bitcoin prices going down to the price of $ 5900 and after that the price of bitcoin will rise again. the answer to your question is bitcoin won't GAME OVER.

Game over? Yes... for the nocoiner.

What do you mean game over? The delay might put a lot of negative impact on the price, but it doesn't mean that its the end for bitcoin. Well everyone is expecting that the Bitcoin ETF can bring new investors, but we are not sure of that as well. Bitcoin is like 10 years without any ETF and continue to flourished, and I'm sure that we can continue in the next decade without any ETF. Speculators just put too much hype on those ETF that it created a lot of panic when SEC postponed their decision.

Maybe the price will reach $5900 dollars at its lowest but people will hoard a huge amount of coins when the market dropped so hard and that's how they are going to earn more profit in trading.

All the noobs that think ETFs and all these other phantom derivative scams that the governments use in order to suppress the price at their own gain (while they stockpile BTC from said noobs hands for the future) are essential for BTC's future need to be weeded out. Once they are all out and only the smart are holding BTC, we will not have these sell offs.

Im starting to believe we may be going back to $2500 ish, this will be a good support line from TA and also psychological perspective in which noobs and mainstream media will say "Bitcoin is dead" all over the place, we need another "Bitcoin is dead" cycle, until then we have a bunch of morons on our team that we do not want to be part for the long term victory.

I don't think that Bitcoin is losing the value because that decision is postponed. Such news could influence Bitcoin price but only short term. To my opinion current correction would have happened no matter the SEC decision.
I realy can't understand why people can't learn that Bitcoin is volatile and price fluctuations are normal. And I'm so tired of such dramatic announcements, like "game over", every time when the price goes down.

No, I don't think bitcoin is game over, I just think of this as a time to take a break from the game. I still believe bitcoin will be able to bounce back and provide benefits.

Whenever there is a decline in BTC price people use to speculate that BTC is dead and it will be vanished from market soon. BTC is the King of market. It is the property of BTC that it test the patience of investors. Don't worry and have faith of BTC, hope it will be rocking soon and will set a new price record.

Yes I believe it is game over for anyone looking for a quick profit, but for bitcoin itself the future is great. The charts show that it is on a long term trend upwards and the ETF will make the line steeper. If you're looking for immediate gains then switch to altcoins and try to get lucky

Exactly! Well said!

Bitcoin price continues declining but I don't think it is game over. Their is a lot of things can happen this upcoming months that may surprise the users. We all know price is always volatile although it is really disappointing the continues fall of price I still hope bitcoin could recover this coming days.

Bitcoin ETF has been denied in the past and yet bitcoin is still here. There might be more etf denial or rejection in the future but I do not think it will end bitcoin. ETF is not the deciding factor. Those who believe it will end bitcoin is only here for instant profit and do not have any fundamental knowledge about bitcoin or the technology behind it.

We recently had a situation where the SEC had a decision on the ETF ahead of us, so the bitcoin went up. Now when the appointment was postponed to a late date, the price went down. Bitcoin has survived all bad news and restrictions, state regulation, hack exchanges, and so on. Bitcoin did not fall on his knees, but he still lives and his growth is unstoppable. Bitcoin is slowly growing up, and it's only a matter of time when other institutions will join that will want to hold or trade with this crypto. Companies like CBOE and CME are trying to create an environment that will be safe for institutional investors. My opinion is unambiguous - GAME OVER is not done.

I'm not sure about that statement though. Sure, when they entered the market, price goes off and went to the moon because it almost touches $20K. And after that we wen't on a sudden downturn which led me to believed that they have something to do with the price declining.

But as far as bitcoin, I don't see think that its Game Over. Might be struggling and a lot of investors doesn't want to risk and pour their cash which means the bears will continue to dominate this market. But it doesn't mean we are all doomed or finished. A long road to recovery but we can always start small steps and hope one day that we can finally regain the trust of the people and that they're going to pump the market again.

I strongly agree on the things you say, more vacuum to invest until there is clarity to bitcoin. ETF delayed, is very influential on the development of prices for bitcoin.

Bitcoin "Game Over" is real.

Although bitcoin price has down quite a lot and is losing investor trust, but I find the current price is still quite high compared to many years ago, after a period of hot growth, price reduction is inevitable. Of course, I still believe in the future of bitcoin

For myself I'm certain that the SEC will pass a Bitcoin ETF in the long run. Bitcoin markets are steadily maturing, and mainstream finance is knocking at the door. Mass adoption is so close yet so far. And remember that more than 75% of the volume of bitcoin trading occurs outside the U.S.

In my own opinion, those people or investors who lost trust in bitcoins are naive because the market price is based on supply and demand so obviously the market price will always change drastically and they should take advantage of the time when the market price is dropping in order to earn more profit when the market pumps up again.

Even we think negative about bitcoin situation but I've never seen ending story about it. Isn't the first time we've been experiencing just like this,  in fact every year it happens and it turning back again and again. It is just sad that this year we are experiencing a lot of dips rather than of pumps and some individuals never stop moaning for this.  Hope they will realize and accept the reality about crypto life.

YES, GAME OVER!!!

GAME IS OVER for those who decide to sell their bitcoin because they are affected and panic when bitcoin falls. They will regret and cry after the price of bitcoin rises again, then, they hope their bitcoin will come back, But, GAME IS OVER !!!  8)

Why would it be over? the market is just suffering by a lot, but it does not mean that everything is lost and we all are going to lsoe everything, just wait to see what is gonna happen

2 weeks delay on the 8 months bear market is not that terrible. Especially, for such market as crypto, surely it takes time to think how this market will be regulated.

The SEC will only approve an ETF once the volumes of exchanges regulated within the US are the dominant force in Bitcoin's market, which isn't the case right now and probably won't be for a very long period of time.

Asia is dominating everything from exchanges not willing to comply with US laws. I strongly believe that an Asian ETF is far more likely to be approved in the coming year or two than one to be approved by the SEC.

And then still, even if the largest Asian exchanges become fully compliant, we don't know if the SEC will come up with other excuses to not let an ETF come through. They could easily step up their game to block an ETF approval.

As it is widely accepted in other parts of the world  we should understand that it is not a game over .it is just the credibility of it should be maintained.and it would be made possible by the growing number of newbies.

this is just a little downside, i do not see a reason to call it like something like that, all what we need is just to be patient enough to see another rise, nothing more.

It is not game over for bitcoin a lot of things could happen this year. A lot of things causes for downfall of price even with this Etf approval but does not mean game over for bitcoin. Were still have the months to judge the bitcoin status this year.

The ETF is not over and it's just delayed again. And also we don't to rely too much on that decision because bitcoin can manage to blow up just by itself just like what happened last December. I know that it would be a good news but it is not really game over for bitcoin. This has happened in the last years.

Exactly! And to be honest, if they were so sure of rejecting ETF they would have done so without so much deliberation. Now I am sure the acceptance of bitcoin will drive its price up beyond anything we have seen before. Only a matter of time.

It is possible that game over is only temporary because ETFs have weaknesses against negative issues that occur that make it crash. The investor also has no power for this and is likely to lose value.

Just like what you mention OP, ETF decision was delayed so it's not over yet, this current situations are just normal between real investors and those who are just here thinking that BTC investment is an easy way to become rich, it's just another fud and non believer who will panic and think that way, but those who knows how to play good will keep buying and holding as bounce back and being rise high again is always possible.

Price movement is repeated price movement and we see that it has been increasing and then results in downfall so the only major reason for this alteration is the repeating and ignorant actions of users. We see that they sell directly after encountering any little increase in price and then they sell for little profit that does not let the price go higher and it seems funny that they still hope for better future, they should change their actions.

The game of being pessimistic of bitcoin prices is seeming got over now but the real game of having big value will never get over. Yes, bitcoin will definitely have big value in coming months. Strong holding around $6000 levels is the rock-solid confirmation for that. We may have up trend from the September month onward.

Come on! We should not think like this irrelevant stuff for Bitcoin’s ending. It has high potential and strength that can achieve any target but the problem is people think and make decision for its end after noticing any decrease or decline in value. Making decision like this can not come true and such thinkers have got the answer many times in past by observing deadly recoveries of Bitcoin and now situations have become more stable.

Well there are people who are against btc from the very beginning and these people are likely the ones  blabbering about btc ending or losing value. We all know btc's potential and how it will spearhead a crypto revolution in the years to come.

Bitcoin hasn't lost its value and fell at zero, and I don't think bitcoin is over. I did not think of interpreting this decline as a bitcoin death, and I would not sell low. I believe in bitcoin and I will keep holding, even though many of them say bitcoin will die.

Yes, we can literally just check "economics speculation" part of bitcointalk to see if its a bull market or a bear market without even knowing the prices. I can just get here any day of the week and just read the topic names and assume if we are in a bull market or bear market.

When bitcoin was going to $5.8k levels a month ago there was topics like "bitcoin will be $2k by the end of world cup" which it wasn't, it went to $8k. When it was $8k there was topics like "will bitcoin be $50k by the end of the year", well it still could be I can't say anything to that but we saw the price go down to 6k after that topic. Now we see 6k and the topic is "game over for bitcoin?". By the track record of this section in bitcointalk, I am assuming we are going to $10k :D.

Is ETF is the main reason for the invention of the bitcoin or it is the thing made ht eprice of bitcoin get grown from none to $20000 in last year,no right so their approval has nothing to do woth the future of the bitcoin their rejection just creates short term effect in the bitcoin price but it is not the end. 8)

Jamaica Stock Exchange to Introduce Crypto and Tokens Trading via Canadian Fintech Firm (https://cointelegraph.com/news/jamaica-stock-exchange-to-introduce-crypto-and-tokens-trading-via-canadian-fintech-firm)

US: Square’s Cash App Expands Bitcoin Trading to All 50 States (https://cointelegraph.com/news/us-squares-cash-app-expands-bitcoin-trading-to-all-50-states)

NYSE Operator Announces New Global Digital Assets Platform, Plans Bitcoin Futures Launch (https://cointelegraph.com/news/nyse-operator-announces-new-global-digital-assets-platform-plans-bitcoin-futures-launch)

there are many things that are happening and that in the future will benefit bitcoin, just because the price falls is not reason to think that is the end

Yeah there are people who don't like BTC but unfortunately or fortunately they may not resist it's properties for long. BTC is a technology revolution, aside from all the price shit it is a reality. One day these people who are against it will be the most enthusiastic buyers of Bitcoin with a regret of understanding it after a long time.

The market is volatile but bitcoins will never go down to zero value because people will always keep on investing no matter how the market price drops since they are earning profit due to the volatiltiy of the market.

Another Bitcoin obituary.... add it to the pile.

Bitcoin has died 308 times in the press as of today. If you still question the technology behind bitcoin and blockchain, I guess you do not have any trust and once the price will rise before the really big move, you are going to sell it.
Gold exists for centuries and still the price is around $1200 (with all derivatives included), if bitcoin would have all that, roughly the price should be $250k

It is possible, but $4k is way too low. My wild guess regarding the lowest dip this month would be around $5.5k - $5.8k.
I know Bitcoin ETF could make a huge impact in the market prices regardless of what the outcome is. But if the ETF doesnt approved, its still not the end game for Bitcoin. We are too focused on the Bitcoin ETF that we tend to rely the future of Bitcoin in the outcome of such decision from the SEC. Thats the common misconception here. If it gets rejected, we could potentially suffer for further dip, but its not gonna take forever, it will always recover.

I think it's a ridiculous joke.
it is true that the impact of value is slightly reduced when the SEC postpones announcements that have long been awaited by crypto users, but that is only a small rock that blocks the growth of bitcoin.
and I believe that even without approval, the price of bitcoin will again skyrocket again.

I don't think that "the game is over" we have read many of this type of predictions and I think we can see that bitcoin has refused to died.  We are to expect the approval of ETF some times to come and I believe cryptocurrencies is the money of the future.

The game is very attractive, it won't be because of an individual or organization that easily ends. They will continue in one way or another to reach an agreement in the future.

;D We obviously won't stop seeing this. Believe it or not, even if bitcoin peradventure starts trading at $1m and it drops by 50 - 70% of its value, a lot of people would still be here giving the bitcoin is finally dead scenario. Obviously, their expectations are not being met, and that is good for them, since their expectations has been totally based on greed anyway and not because they want to be a part of the future.