Bitcoin Is DEAD Again!!

[jak3]

Of course Bitcoin network is dead but have you seen the price it has crossed $15,000 and I think Bitcoin cash has not cross that mark till now but it surely has the potential if the majority of population considered that as important. On the other hand if you look at the small price drop today then that's a small location that is common in the market we have seen even large crash in the bitcoin history such as Mtgox exchange crash and so on.

[ahmadakbari]

Today's drop in price is probably because people are cashing out their bitcoins before Christmas and New Year to celebrate the Holiday Season, thus according to me the best time to buy bitcoins for new investors should be somewhere between 24-31st December.

I am very confident that Bitcoin will touch 13.5k$ Mark before New Year.

Also, Bitcoin is up almost 2,000% in the past year. This is an unheard of growth rate that even the most volatile of traditional investments don’t reach. Maybe in 5 years, but one year? This is something that doesn’t happen everyday.

So say Bitcoin goes up another 2,000% next year. Then each bitcoin will be worth around $320,000(assuming a current price of around $16,000 per bitcoin).

With each Bitcoin being worth $320,000 Bitcoin would have a total Market Capitalization of over $5,120,000,000,000. Yes that is 5.1 trillion US dollars. You would essentially need a large portion of the money in the world, across all countries, invested in bitcoin in order to achieve these kinds of numbers.

Bitcoin is essentially about to reach its Pinnacle. So yeah, Bitcoin is about to be Dead, not now but in a year or two.

Yes. You are right. Bitcoin value has risen very much. Why do you think it's a bad sign? This price rise is a sign of its popularity not its dead.
Now now the price is being corrected and everything will go back to normal soon.

[The Alchemlst]

True! bitcoin has been going up and down ever since but that doesn't mean its dying. Bitcoin's market is known to be volatile and it is part of its process of growth but we all know that bitcoin's price is far from its peak so I don't think it would die anytime soon.

[ManaMan]

True! bitcoin has been going up and down ever since but that doesn't mean its dying. Bitcoin's market is known to be volatile and it is part of its process of growth but we all know that bitcoin's price is far from its peak so I don't think it would die anytime soon.

Exactly there has to be pull back. Nothing can just go straight forward and reach new ATH without falling. This is what bitcoin has been doing from the moment I started to read about it. Every single time it climbs even the fall from 2013 it climbed more and it will continue to do so in order to get to the part where its price is somewhat stable but that's long road ahead. It's not going to be easy but we will survive out of this ;P

[kallen02]

Currently the pricing of bitcoin is not continiously going up but rather falling from time to time. But it's too early to say that bitcoin is dead again, be optimistic guys, this is the time to buy bitcoin and be ready rise again. For those who think its dead, your all wrong, definitely wrong.

[Clos Belmont ICO]

Hope it will rise again!

[ericmalik]

Just because the price of the bitcoin dropped doesn't mean it's dead.
I think it's time to buy it.

[d0d15]

Bitcoin is not dead. Whales just cashing out before Christmas holidays and it is normal situation. You also can do the same or just wait for winter rise of cryptomarket. In my opinion Bitcoin will correct till 12K$.

I would rather say ordinary people were/are caching out, maybe those same who joined the market in last months, and companies, pro traders. But I doubt it is just that.

Lot of new guys are neither tech versed nor traders. Many entered because of repeating news about BTC success, helped by their bad situation or greed. Some persuaded by friends or family. People not really willing to risk, and without resources to invest. They 'gamble' little what they have and react nervously to each move. I know guy who sold everything he had first time when he noticed 'bigger' move like from 11k peak to ~10k.

Anyway what would I like to know is why is this first year where 'caching out' is so obvious? Of course before something like this wasn't possible to this extent, but again not to be measurable at all?

[Phantomberry]

Don't worry about it bitcoin will surely comeback because it is winter break some investor sell their bitcoin or buy other alts like BCC.

[kmlkkl]

Bitcoin showed us what he could do in the past. These reactions are normal but need to be trusted. It will be troublesome in this process but it will break your own record every time. The prevention of development will surely be accepted one day. If we go back and look at the past, these situations have always been and have broken their own records each time.

[Walrus1]

I'm getting back in to test the waters. Putting in a few hundred here and there. Already up but I'm watching it for a while

[MkGregor]

Bitcoincash is the same Bitcoin, I see absolutely no incentive to switch, apart from benefiting a small circle of people

[zentdex]

As I watch the market, when the bitcoin falls flat or value drops the greater part of alternate altcoins including the acclaimed bitcoin fork you are discussing ventures in a higher new cost. As I see it, it isn't only one particular coin perform well amid this time. Top coins out there are performing extremely well right now. I don't think the lightning system could complete a superior employment at this, however one factor that influence the cost is the opening of the bitcoin future market by those huge exchanging organization. This issue I believe is simply impermanent issue, and the cost could soar following a little while.