Price is determined by supply and demand. (Unless of course you're the FED and print money to enrich banking buddies and pump markets artificially.)

If Bitcoin were to fall beneath a certain level it would attract a larger number of buyers. This increasing number of buyers would offset the sellers and prices would go back up.

Where this happens is called the support zone.

Where is this support zone exactly? We don't really know. It all depends on how many people are buying how much BTC at a given point in time.

One thing is for sure: the lower the support price, the less likely it is to happen. U$ 0 for BTC? Very unlikely. U$ 1000? More unlikely than U$ 1000. Possible? Yes but not likely.

I hadn't heard of your crypto yet before this thread.

You may need to get press releases out there and perhaps try to reach a younger audience via Reddit and so on.

I do know for a fact that traditional marketing channels don't really perform for cryptos. Cryptos require word of mouth marketing. A trusted person to convince another one to use cryptos. When you spend $$$ on TV and so on you're not really touching the "trust " side of people's desire to invest in crypto.

IMO the present day fractional reserve system cannot survive much longer. They will need to go back to gold or BTC or whatever.

They are literally printing money to manipulate markets as they please.

Here's a headline you thought you'd never see on Bloomberg: https://www.bloomberg.com/opinion/articles/2018-12-13/markets-in-turmoil-the-bull-case-is-compelling

"Economic slowdown might be good for stocks"

Let that sink in for a moment. Economic slowdown => Good for stocks???

The only reason an economic slowdown is "good" for stocks is because the FED will print more money to fight the slowdown.

And when they print money YOU don't see a penny of it.

They print money for banks to manipulate the stock markets. It's absurd.

This is not a free market.

Whether it's gold or Bitcoin, they will need to go back to some sort of reserves that limit the amount of financial fraud. What we have today is a massive fraud of unseen proportions.

We've all seen the HODLing era of Bitcoin.

Thousands of investors bought it just to hold.

Now we will see the actual adoption era, when bills, products, cars, boats, food all begin to be paid for in BTC in a more normal way.

All that's missing from the crypto soup right now is mass adoption. Soon as adoption spreads, prices will soar again.

Right? Funny how 99% of this thread isn't even a rumour, it's just seat of the pants opinions that onyone can simply pull out of thin air.

How many times has Bitcoin been declared dead in the past?

There is ample development happening, LN is growing fast, fees are lowering, transaction times are faster than they were a year ago. The technology is maturing fast and so far nobody has been able to hack Bitcoin's core tech.

Maybe those who bought at U$ 20k are hurting, but if they don't need the cash immediately (if they do then they should not have invested in hight volatility markets) then it's a matter of holding for a while longer IMO.

When BTC reached U$ 700 I thought it was the craziest thing I'd ever seen.

I watched the rest of the ride up in awe. I still think the U$ 20k was unreal.

I agree with OP. Bitcoin has already revolutionized the world, but it takes time to become a household thing. Credit cards took a long time to become mainstream.

The more people believe in a trend, the faster it tends to reverse.

Everyone believed prices would soar again in 2018. It means that a lot of people were waiting for this price increase so they could sell. The expectation of a new high price, leads to anxiety to sell. The opposite is true as well!

When everyone agrees that prices will fall further, it means a lot of bulls are waiting for the price drop in order to buy. There's a pressure buildup.

What happens then when suddenly everyone seems to "agree" that the bottom is reached? The bulls all buy at once and you get a new peak.

The current drop in prices reflects the fact that everyone was waiting to sell at the all time high. When they saw there'd be no new price records in 2018 the weak hands sold.

IMO everyone should watch for the new inversion. The bounce should be just as intense as the ride down.

There was high expectation that there'd be a bull run in 2018 simply because there was one in 2017.

I knew this wouldn't work because everyone expected to sell their coins higher during the last quarter. When everyone is waiting to sell, a crash is inevitable.

Got to wait for another favorable buy season, when everyone is looking forward to buying. A new wave of buyers will be needed for this to happen and these people are not the same ones as last season's buyers. New energy is needed.

Let's put it this way: if a bot could constantly win trades using certain signals, then why wouldn't everyone's bots win trades? Who would lose?

It's a logical fallacy.

If trading bot signals were profitable then there'd be no losers. 

Lastly and more importantly, why would anyone sell signals that could make them millions of $ for 200 bucks?

That's an interesting statement.

Do you think Google has moderators?!

Random off-topic comment here: the traditional meaning of "liberal" is that you do not want regulation.

Being socially liberal means you do not want religion and  tradition to tell you how you should behave socially (sexuality, marriage, religion and so on).

Being financially liberal means you do not want the State telling you how to spend your money.

So liberalism is the ideology of less control.

Strangely though this does not apply to guns.

When you say you're a liberal in the context of gun control, it means you want State control of guns.

Just a random observation.

But who's fault is it when the masses believe lies and deceit?

If you say UFO has stolen money and everyone chooses to believe that instead of the more plausible possibility that the people spreading the rumour actually stole the money?

Should government regulate these rumours to make sure everything said is 100% true? That's what some regimes have tried in the past and failed miserably.

Unfortunately the lies and deceit are a consequence of free speech.

My main gripe with social media is that they're privately owned and speech in there is not really free. People are guided to conclude certain things.

Very famous news aggregators have thousands of users who truly believe they know everything and must give an opinion on everything. You see people sharing intimate details of their lives, sometimes embarrassing stuff, with complete strangers. All this within a privately owned platform that they don't even know who's behind it.

Why do the masses do it? They simply do it. Can't really blame social media IMO. People badly need tech education before accessing the internet. I don't think most people using social networks have any idea what's really happening behind the scenes when they use it.

But unless regulators can glue crypto to present day markets somehow, crypto will not fly.

Crypto will take off for good when businesses are able to pay their utility bills using it. When a business is able to buy their stock using crypto. Without some regulation this is impossible because at some point you'll need to use Bitcoin tx's as receipts for stuff. Right now a TX has no legal power. Showing a judge that you paid for something using a big hash of numbers will mean nothing legally.

We are at the very early stages of crypto still. Most people in crypto are simply hoarding coins for the future. Some regulation is needed to glue the technology to real world legally binding actions.

Note that no URL has ever been captured for help-tools.org



Looking a bit further into it, this domain does not seem hacked. It seems to have been deliberately registered for this purpose:

Domain Name: HELP-TOOLS.ORG
Registry Domain ID: D402200000008508823-LROR
Registrar WHOIS Server: whois.namesilo.com
Registrar URL: www.namesilo.com
Updated Date: 2018-12-06T08:04:10Z
Creation Date: 2018-12-02T06:52:52Z

The domain was registered last Sunday and was already hardcoded into the malware's source. No way it could've been hacked in this period - it's deliberate.

As expected the specific whois is anonymized:

Registrant Email: pw-1064a16b3dfb69e838295e2eefdabc6f@privacyguardian.org
Registry Admin ID:
Admin Name: Domain Administrator
Admin Organization: See PrivacyGuardian.org
Admin Street: 1928 E. Highland Ave. Ste F104 PMB# 255


Emails sent to pw-1064a16b3dfb69e838295e2eefdabc6f@privacyguardian.org should reach the malware author though.