Bitcoin Forum

So probably some of the investors who use to believe bitcoin are now decided that bitcoin is scam bynselling their bitcoin holdings. Many are dumping already starting to believe that bitcoin will going to end soon. Just basing on my experience I bought high when BTC worth 6K USD expecting that it was the baseline for its market price. However, it was wrong when it has drop for more  and now bitcoin has gone crucial times and it seems that scamming activity is mostly like to happen. It has not been adapted for widely use also globally so we could notnexpect something to happen for bitcoin like speculated bull run. This is just a work of a scammer that is so rich now! What do you think?

Meh.   Bitcoin like many valuable investments has been going up, down, up, down, up a number of a times.  It started out worth less than 1-cent each and now worth thousands of dollars.

The wise hodl.  Bitcoin will likely massively rise once again.

This your above sentence, answers the question you are seeking for. Bitcoin has not been seen as a legitimate means of financial activities, that is why its volatility is very high and therefore, prone to spontenous rise and fall. If there is regulation, it will be normalize.

This might be the one of the crucial time of bitcoin but I still do believed bitcoin can survive and able to rise up again for the better future. This might a doomed moments but sooner or later with all our hardwork and care bitcoin will back on track.

Yes bitcoin now passing through a crucial path with a lowest price. Every trader, investors are very afraid to invest in crypto because they face a huge amount of losses.

Where did you get that very hilarious idea that investors think that Bitcoin is a scam and etc? Don't you know that Bitcoin is not even an investment medium when it was created because it is a form of digital cash that will cut down the trust issues of third parties when transacting and even if you read Bitcoin's white paper there is no investment or inspiring people to invest in Bitcoin?
That's why it is better to acquire knowledge first before doing things without any wisdom about it, Bitcoin investment is high risk and it does not assure an immediate profit and Bitcoin is not a magic money maker that will instantly create money out of thin air. And how can you prove about the scamming activity that is going to happen? Did Bitcoin ask you to invest in it? ??? ???

BTC is OLD, SLOW, AND USES TOO MUCH ELECTRICITY. I don't understand why you all can't understand that. It will never be used as a global crypto. Something faster similar to ETH will be the chosen crypto. BTC will be laid to waste soon. It will only be a collector's item...

Unfortunately, the technology of bitcoin as a digital currency is much inferior to new cryptocurrencies in the speed of transmission and other characteristics . Therefore, bitcoin will not remain the No. 1 crypto coin forever, new perfect coins will come in its place .

Bitcoin can be an attractive investment, but bitcoin is unstable and it can be a high risk. Before you invest in bitcoin then you must first understand that bitcoin is very risky, so you are not frustrated because of the falling price.

I think it will be allright for people who holds on or invest in this market conditions. But I also believe that this is not the bottom. I believe it will go a lot more before it starts to go up. It is a good time to buy but I think it is not the best time.

I would agree with the opinion. First one got to understand all the risk and try to see the whole picture and then make an investment. The knowledge and understanding prevents form panicking and making false moves.

Investment in the Bitcoin infrastructure is increasing. Real investors are holding onto their wallets for the inevitable long term gains, and many more are joining them. The flight is not by the investors, but by greedy speculators who don't understand the technology, or the current world economies.

I don't think bitcoin is a matter of time, but everything and what is valuable besides money is the time and time where we can go up and whether we have been working on our results and progress so far.

its ending, the attempt to enslave the whole world on the coinmarketcap cryptoindex is backfiering if you want to get a lambo you have to go short on bitcoin now.

You are very negative thinking when Bitcoin is currently experiencing a price decline that is far from your expectations,
Bitcoin doesn't cheat and doesn't take any of their assets, they themselves decide to invest.

in trading and investing all have been reminded that for this reason it is not the wrong Bitcoin:
WARNING: Digital Asset trading is a high-risk activity. Digital Asset Prices are very volatile, where prices can change significantly over time. Please use extra consideration in making a decision to buy or sell Digital Assets. bitcoin does not apply to buying or selling Digital Assets, as investments, or profit seeking. All Digital Asset trading decisions are independent results by users.

i have seen that bitcoin is facing the most crucial time for now and prices are now down and if we check the whole market and crypto market is good for now because we can invest at this low rate and crypto currencies are very soft commodity and now mostly investors are waiting for the price rise so they can earn good amount, it is good to keep an eye on market and identify best investment time.

it depends on the hodler. for a long term hodler like me, i dont see it crucial momment for btc but a proof of that btc will bounce back higher than last years all time high!

It's not something long term investors should be worried about. For those that trade on a weekly basis they will be experiencing hard times, but if you can wait it out, just have patience as it will rise again

Bitcoin has experienced more than one such fall, but so far none of these falls have destroyed it. Despite all the problems of the crypto market, and the escape of investors from cryptocurrencies, the blockchain and Bitcoin continue to develop successfully. I have repeatedly read the news that the demand for block specialists in different countries is constantly growing. This means that blockchains are being introduced into the real economy, but we still don’t see it. Time will pass, and those projects that blockchain specialists are now beginning to will be bear fruit. And bitcoin will be the world's most accepted means of payment.

who said that? I invested and the price fell but neither so I'm calling bitcoin to be scam, on the contrary I realize that this is something normal, so I invested in the long run. from the beginning people should be aware that this is a risky investment and therefore should take precautions and invest in the long term and invest only the money they could afford to lose. complaining in forum will not solve anything.


End soon? And you're thinking bitcoin's gonna be over soon? look at how every price drop has begun that you will notice, eventually the price will recover


Hold your coins so you will not have any losses


I did not understand

Everyone has an opinion in the state of the market and where it is heading right now.
Trust the foundamentals that led you to invest in bitcoin, and keep hodling. This current drop is a phase and there has been many of these in the price circle.

You didn't buy high. You bought the low, just not the lowest. 5000 was the beginning of the last year's bubble, so you chose the correct spot to buy, but the baseline is 1000$ because it's the beginning of the bull market (not the bubble that started at 5k). It's just that there was a lot of FUD, both BAKKT and ETFs got postponed, and the price went into oversold territory which you can see on the RSI and the yearly EMA. Last time we were so low on the RSI in 2015 when BTC bottomed.

I don't think bitcoin is a scam, for the simple fact that it is still useful, bitcoin is a technology that works, day by day transactions are still being made and is still used to move money through the world, that now the speculative price is going down? it was time for it to happen, yes, I think bitcoin is very useful, but you have to put a realistic value.

Bitcoin is in the circle of market. Price of market is not stagnant but fluctuates. This time i think is the right time for investors.

What exactly is fraud? With the same degree of probability, we can call all the us government and the heads of Central banks who print money and thereby set prices for the Fiat currency. But it's not. You can understand the topic of pricing and then it will be easier for you to realize and anticipate the growth and fall of bitcoin.

The question I always ask people is have any one ever told you that bitcoin have a stable or fixed price, why should the price of bitcoin at each point becomes a thing of worries to us. Don't we have the understanding on how volatile the bitcoin market is before investing in it and is that not why we are always advice to invest only what we can afford to lose in case of fall in price. Bitcoin does not have a baseline.

it is indeed a crucial time for bitcoin but sure bitcoin price will go back up sooner than we think and i advice everyone to hodl..though prices has been falling awhile, things will normalize soon

It's a crucial time mainly for investors and traders who never completely believed in bitcoin they where double minded and so every little down turns seems to justify there skepticism

Why would they call it a scam? because the price is going down? A smart investor knows how volatile this market can be, plus most of the big investors are here for the long-term so they don't care about the current price fluctuations.

How do you know that? I think heavy manipulation is the main reason for the downtrend. 

I don't know what you mean by "scamming activity". And if you bought at 6k just hold your coins, you'll see profits in the long run.

The adoption phase will kick in the future, there's no doubt about that, we just gotta be patient. Btw, what's your fixation with the word "scam"? Looks like everything to you is a scam (?)

I hope everything will back to normal, It really hurt us  :'(

This is the crucial time of bitcoin because of its very low price but l believe its not they end,its just a time of how much loyal you are in bitcoin.lts a matter of giving us the time to be faithful in bitcoin come what may.

I think that in this time and situation that bitcoin falls down its price, the one who are taking crucial now are those who invest and buy bitcoin in high price and now loosing so much money gaining no profit. But for those who buy many years ago, it is still a good future and earnings to them.

Yes it is a hard time for bitcoin and that is why many investor are in lost and also they says that bitcoin is now slowly shutting down. Bitcoin is coming back from its very first price and its disgusting.

Your right, but ETH is a dog. Child Buterin didn't even have pubic-hair when he started ETH dev, surely its a joke that this software is anything than well marketed bullshit.

All coin is shit-coin, nothing good can come out of this ponzi.

Just human misery.

The mother BTC is an old washed out whore, the father 'satoshi' is an NSA ghost, and all the begotten offspring are shit-coins,

What be of this? Just pure insanity.

It's just history repeating it self. The price is heavily manipulated. I'm hoping for it make a floor arond $1200 and then we'll see!

Clearly you should watch the news and read some articles bitcoin is not dead in fact every altcoin in the market are all in red why only focus in bitcoin ? the truth of the matter is there has been a manipulation going on, in the crypto market by institutional investors they wanna get in when the price of bitcoin is cheap that's why they're spreading FUD.

you are right, but this is a market law.
the situation will continue like that from time to time. indeed the situation at this time cannot be received properly by users who have just entered the market when the bitcoin is at its highest position. but i am sure, the following year the market will recover.

so i think holding bitcoin now won't make us lose in the future.

I believe that btc has been in a crucial situation which led to some people afraid of losing their investment which I think some people consider btc as a scam activity. I happen to disagree wherein if btc is a scam, then why it had reached 10 years in the industry. What happened it this current situation is somehow temporary and I still believe this will recover in the coming year.

not necessarily.
in fact i do believe that drops like these are caused by people who understand the bitcoin technology and huge potential too well that is why they are trying to accumulate more of it. the drops doesn't occur slowly, it usually is caused by a big offload of BTC on the exchanges that crashes it down with a sharp drop. that leaves me to believe that it is whales selling to crash the price not other investors, they follow the drop afterwards.

Well everything eventually reverts to the mean, and $1200 is a good guess, BUT who is going to re-inflate the ponzi?

Is there really a fresh flock of NEWBS to scam?

Like somebody here said, the NEWBS last time didn't re-enter until $6k,  so our curreny newbs have already lost 1/2 their money, and those were the early noobs,

In 2014 btc was still a nerd thing, and a lot of nerds drove up the price, but in 2017 morons came in, and now they lost all their money

So on the next PUMP who in the hell are you people going to sell this shit-coin too?? I really want to know, are you just going to buy it yourselves??

The greater fool theory always has a time expiration date, and you always run out of fools with MONEY, IMHO that time of of the 'greatest fool' is now, and that be YOU.

Can you explain it wider? How Satoshi Nakamoto get the money that you called "scam"? It is a decentralized system that cannot control by anyone even the creators.

I can believe that whales can give a big impact to the price but in accusation like this without any good basis it is hard to believe in your statements.

I don't mean that bitcoin will drop to the lowest value, yesterday I sold bitcoin for 6300 and now I'm following the decline and want to buy when the market is stable. I suggest to be patient and continue to monitor the growth of bitcoin.

You're right. If you had a lot of Bitcoins that you bought or mined years ago what would you do in this market full of newbie investors and hype buyers? I'd borrow some fiat money, put it all into futures and sell all my bitcoins to crash the market. Next, I'd wait for the panic to settle, buy back all the bitcoins and take profit from my futures. In the end I'd still have my Bitcoins and millions of dollars of profit from futures.

We are not moving at the pace we should be doing. Every time there is a bad news it goes even lower, right now it dropped once again to $3400 levels and it is really looking like the recovery will not be here anytime soon, not the recovery back to $4200 (which I assume could happen or not) but the recovery to over $6k once again.

It is shocking and very disappointing that we are really hoping for the price to go back to $6.5k levels once again whereas we were talking about how it should go above $8k back when we were there. The lower it gets the lower our goals become as well. Honestly, I am scared about bitcoin lately, it has been a very difficult challenge for all of us to just wait and hold and hope for bitcoin to go back to better prices.

We really are in a crucial time its true. We can either make or break from here. Either we are going to be really huge and skyrocket from these prices and will look back on these prices like "I wish I bought more when it was low" or we are going to be going further down and really break everyone spirit and the volume will be low. Still, going down has worse results than what can be gained by going up.

First of all, if it goes further down there will be less interested people and there will be less coins because some will die and it will be harder and harder to go back up. However, if we go up even though that's great unless we reach something like 30 thousand dollars quickly, people who see the price going up will still be careful about it fearing a drop in price eventually because they are still afraid.

Many people have invested just like you when the Bitcoin price stabilized at around $6k. Of course, this is not a scam, but it can be a form of price manipulation using panic among inexperienced investors. This is a high-risk market, and this is not the first time BTC price has dropped by more than 80%. I'm sorry, but it looks like you miscalculated the market situation.

Market is at this crucial point that stability at this time does not seems to it. After this fall recently which happened and btc reached to 3400$ it could not jump quickly and not give many chances for people who are not buying will miss the opportunity at this rate. Then later will have to buy at higher value itself.

You are right, we couldn't jump in into the price if bitcoin price will raising up back. Let's wait until the price swinging again in the market, if you bought that during high price still hold until you will see that your profit was there. Besides, this is our great opportunity to buy as much as we can while the market is very cheap. Don't be afraid, you can ride the risk on this situation.

It's not really that crucial of a time. There is a ton of investment and growth happening in the Bitcoin investment community right now (exchanges opening up OTC and institutional platforms, Wall St exchanges getting built, investment firms building custody solutions and trading desks, etc). There is zero reason to worry right now. The last crash a few years ago when the biggest exchange in the world collapsed and there was nothing on the horizon to bring the price up was a far more "crucial" time for Bitcoin. Right now if you just have patience you aren't worried in the slightest, and you are loading up on the bottom Bitcoin price like me!

curicial times were january 2018 for btc.
if it will go upside after 19000 dollar. it can go to 50000 dollars.
but it crossed in that time. and dropped.

Well, there are two scenarios:

Bitcoin is suffering from major declines of all time, so for those who bought bitcoin at pump price which was 20k$ are going through a critical phase because they lost their investment almost to 80%.

It is a good time for those who were waiting for bitcoin price to dump, this is the right time to buy bitcoin and get good profit in the future.

If you are only thinking about the money then this moment seems to be crucial, but in my opinion one of the most crucial moments happened when the developers were finally able to activate segwit, that day was very important for the history of bitcoin because that has opened the door for the lightning network that will allow bitcoin to process many more transactions than what it can do now.

i disagree that it is a scam.  there may be those who have scammed but they are but a small percentage.  bitcoin will survive.

Bitcoin swooped down and many doubted Bitcoin, in the current situation being an important time for us to believe in bitcoin, don't be trapped panic for now, calm down because bitcoin still has hope.

Bitcoin is really not a scam, its just so happen that this market is compose of many manipulators and that’s why the price continues to dump. The OP should understand the real usage of bitcoin or the blockchain technology, because thinking bitcoin is a scam after so many years of its existence is a not a good one. Investors lose their money because its normal in any market, do you know someone who don’t lose money in stock market? I think none. Let’s just be patience and always think positive it can help you to overcome this current situation.

the problem is when you invest, you say you buy bitcoin at a price of $ 6k and that means you are wrong in determining the lowest point. no problem, you just need to wait and keep holding your bitcoin.

Let  say it's the crucial time and people are starting to believe this as the worst time, but there's also people who keep believing in bitcoin and they hold it tightly because they know that rising up or falling down price is common on bitcoin. So, don't you panic and started to worry about this red time, it will change and come back to normal soon.

It's important to stay calm in this situation,the market and the speculation are bad at this moment the price seems like won't be rising soon,but everything can change, there are some good signal in 2019, I know that many investors already left Bitcoin, the transaction volume of Bitcoin has been down drastically,but if we can trigger the bull then they will come back again

This kind of thing is a risk. We cannot avoid it because anything can happen. never think that the crypto world can always give us big profits. Look at how the struggle is going. The process of going up and down always happens all the time and only smart people can take advantage of every momentum to become an opportunity.

It's always same when price is dropping, it's not matter how much, people are panicking. This drop was predicted by some people, if you read news and if you follow some influencers, they wrote about bitcoin going down to 8000 dollars again, and look we are close to that price. Bitcoin is not down drastically, it's perspective, so where is bitcoin price now depends on period of time you are observing. It's down since bitcoin ath, but it's up if you compare it with the price from the start of this year.
I'm not upset by this drop, I sold at +10k, I'm waiting for moment to buy again, bitcoin will rise over 10k again, it's just a question of time.

No, I don't think that the old investors decided that bitcoin is a scam.
I believe that they still hold bitcoin until now and sell it some to buy back more bitcoin.
They already sold their bitcoin in 2017, and they bought more bitcoin when the price is down deeper.
I am sure they are happy now because they can buy bitcoin in $3000 price level in a few months ago and now, they are ready to wait for another bull run.
The dump and the pump will always happen at the market, and I think you don't have to surprise.
The old investors already knew that, and they always prepare for the worst thing that can happen in the future.

This is what happen if you are not ready and knowledgeable entering crypto investing,this market is not for those who wants instant money because this is a currency for future and not just for today,most of the investors did not sold their bitcoin because of no trust instead they are strategizing and buying low selling high is one of their strategy.anyway you posted this in the most darkest days of market it’s December 2018 up to March 2019 .but in April market started to grow again and now bitcoin is positioning in good Amount of course

Bitcoin will still remain as one of the best and valuable investments in the field of cryptocurrencies. At this moment bitcoin have been facing new crucial time, especially if bitcoin break the price of 7000$ and if this thing happens the price will rapidly go down and might see a new downtrend in the price of bitcoin. I have been experiencing the crucial time of bitcoin especially in the year 2018 were not the only bitcoin is experiencing it but also other cryptocurrencies.

Currently bitcoin is experiencing bearish but that does not mean bitcoin is abandoned by its users or is considered a scam by its users. I still see the trust of many people in bitcoin.

The decline in the price of bitcoin is still quite reasonable from previous years bitcoin also experienced ups and downs.

So there is no need to panic excessively.

Knowledgeable investors will not sell all of their bitcoin, maybe some of it but they will sure to left some in them knowing how the bitcoin behave and all it goes through in the past, from sometimes being mined and forgotten to being rich when it pump too high. It have it cycles and those who see how bitcoin works will never say that it is scam, we just need to wait or buy some more till the Cycle goes at high again.

There are many types of investors and I can assure there are many that got out of bitcoin with the most recent crash, during 2017 many people lost all their money and when they saw the crash this brought memories of those days and they got scared and sold all their coins, we may argue whether this was the correct decision or not but it happened and it is also why the price went down more than it should have as people panicked and they sold their coins regardless of the price they were getting.

Does it mean that we have lots of newbies in the market because I don’t think any existing investor should have understood the market condition will still panic when there is no FUD news, because there is no FUD that accompanied the recent drop, all we should just know that the market is volatile like you said and we should always expect anything of such at any time, which is why bitcoin should strictly be seen as a long term investment against that short-term investment many of us are seeing it as.

We should take bitcoin more as currency that we need to be using to make payment and receiving payment and believe that through the use of bitcoin as often as possible for this purpose, we will surely increase in value in future.

Why and how do you think bitcoin is a scam?  It is a proven patent method and has been for 10 years strong now.  If people are willing to accept it as a form of payment it's not a scam is it?  Last I seen is that more and more vendors/peoe accept it so I dont know how you came to that realization

This is just how the market really works and remember that bitcoin has its cycle, so it's a boom or bust sort of pattern. So I do hope that we all understand this so that you won't feel that you are being scam here or something.

And how can something be a scam when people are making money here?

Scammers take someone's vulnerability so I don't think that anyone here can be a victim, it's your choice to sell your bitcoin much lower that you actually buy it. On the contrary to make money, sell it at a high price, tit for tat.

Now that bitcoin continues to struggle again, this is another crucial time, but I like to emphasize that bitcoin when struggling, it always recover in the end.
This isn't new anymore, people can can it scam when it's dumping but the fact that it has risen many times from death, this would tell how strong bitcoin is and the smart ones does not usually follow the action like the newbies did, the pump and dump is normal but smart people have different interpretations so they also make different actions compared to the newbie.

Buy when dump and sell when it pump, that's the smart ones are doing, and they don't panic.

That would be smart but not actually all of us doing this that is why see the market turns into more volatile. It has to appreciate how the others keep holding during the bear season but somehow, the others also keep selling which helps more to drag crypto downwards.
This what we called uniqueness, this is totally an investment as buying and selling keeps alive for all of us aren't in the same perceptions.

yup. now more and more merchants are accepting payments using bitcoin and other types of cryptocurrencies as payment, it's hard to say that BTC is a scam where people continue to believe it. BTC accusations of being a scam and ponzi scheme have long been heard. but whether it can be easily manipulation in the global market. and whether BTC falls do people leave it, just the contrarily when prices fall that believer actually buy more.

Who said scam is talk at december 2018, maybe he lost his money in bitcoin investment. And people should be educated that bitcoin is like money and scam or not it is depends on what people did with it. I think bitcoin price not considered scam because it is investment,

It sounds so easy the way you put it, but you don't know beforehand if the price dumps way beyond what you expect to be a bottom, or pump way beyond what you expect to be a great peak to sell at.

Last year was where everyone was saying to buy the dip, and that dip buying started around $18k and didn't end until we finally bottomed out around the $3k mark. People have to learn not to catch a falling knife. It sucks.

People can say that in the long term the price will go back up all day long, but that bit of information isn't doing anything for you in the short term when you look at the price that's constantly decreasing.

But that is not rocket science to sell high and buy low. This is the basic that everybody should know before getting involved in Bitcoin trading. But lack of basic knowledge I see as one of the key problems with some Bitcoin users and consequences are often panic and bad decisions that lead to loss.

I agree that they should know better but at the same time we need to put ourselves in their shoes, they saw that the market began to crash and this brought the memories of all the money they lost in the past by holding their coins and they remembered how long it took to the market to recover, and after all of this they decided they will get out of the market before they lose even more money, as you can see their train of thought was very rational even if we do not agree with them.

If it is a Ponzi scheme, then it is a Ponzi scheme that the government has fallen into, and it is also a Ponzi scheme that has brought so many solutions to the lives of people including government and organization also, it is a Ponzi scheme that has given job to the jobless, a Ponzi scheme that has already enriched the poor, so I must call it a holy Ponzi scheme but I am sorry to say that this is not a Ponzi scheme, so for those who are seeing it as Ponzi scheme are really not so serious about what they are doing.

I believe that by now, after so many years of bitcoin  and what bitcoin has helped people to achieve they will also see that their view of bitcoin is a very wrong one and the earlier they take their impression out of their mind, the earlier the better because of what bitcoin will grow to in future.

Bitcoin is still king of the cryptocurrency and it is much popular all over the world and has many uses for services. Even though the fee is very large but still reliable and less hassle since you just need to wait for the confirmation and the transaction is already on the blockchain.

And I think the value of Bitcoin will soar up in the future since it will lessen the miners since the difficulty and the rewards will behalves.

When the transaction increases the difficulty of the network increases. Now this is being overcome by the lightening network, earlier when a huge number of transactions takes place, one with the lowest fee gets stuck to the network for weeks. This is the time for a perfect way of taking further steps in using cryptocurrencies, it has crossed the crucial time. Now it's time for growth and widespread.

No need to argue because I met some friends who join bitcoin before the price increase in 2017. They said that they leave bitcoin for at least one and a half years because they have a lot of money from bitcoin so they can do real business in their home. They always said that when you enter the investment program, you must know when you must leave the program with a full of money, so when you come back to another investment type, you already have much money to invest. If you can repeat that, then you will have more and more money. I would say that they are making the right decision to sell all of his bitcoin because he knows the right time to cash out his bitcoin.

Speculation that bitcoin will fall, die and disappear thousands of times was reported and I have heard it thousands of times, but bitcoin still survives. you're right, prices go up and down, up and down. We must realize that it is common in fluctuating markets, thinking that bitcoin will die just because falling prices are an amateur mind in crypto investment.

It's been talk for past 5 years but still bitcoin still kicking although there are times that price dump but still it manage to go up but I wonder why people still talking about that and I don't know if they are afraid to lose their investment capital or they just spread fuds to accumulate cheap bitcoins since I saw some people doing that and yet they earned with the fud news.