Enjel (OP)
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January 16, 2018, 10:55:08 AM |
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Of course not.
Bitcoin has survived much worse than this FUD (? What exactly is so disastrous about recent news) in the past, and will continue to, and be just fine.
You really think this was the last wave?
The alt-market is retracting, but for alt-holders, we know that Bitcoin and alts are in a tug-of-war, and the alt market will surge again, just like in the past (we are probably approaching summer-fall of 2017 pattern, where the alt-market crashed, but I doubt Bitcoin will surge again unless transaction speed/costs are fixed).
The #1 reason why there is *no reason to panic* is that right now, only a very small number of people are into cryptocurrencies, yet its fame is growing, and new money is still going to be entering the market at a massive rate in the future.
As long as you have that momentum, even some sharp pullbacks like this won't matter so much.
HODL
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Using crypto to pay for college.
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ktabb
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January 16, 2018, 11:43:20 AM |
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I don't think this is the end of bitcoin entirely, but I think it might be the beginning of the end. We have seen some serious fundamental problems with bitcoin as far as scaling goes, which reduces any intrinsic value it had to virtually zero. Other cryptocurrencies have solved many of bitcoin's problems and are likely to eclipse it. Furthermore, there are no new buyers left for this unwarranted and insane rally we've seen over the past 12 months. This is looking like a typical bubble cycle and the price is likely to crash again like it always does.
Holding bitcoin now (and certainly trading it) is 100% gambling, and the odds are probably stacked against you. There is no logical reason to think it will stick around or rise in price.
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Enjel (OP)
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January 16, 2018, 11:47:40 AM |
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I don't think this is the end of bitcoin entirely, but I think it might be the beginning of the end. We have seen some serious fundamental problems with bitcoin as far as scaling goes, which reduces any intrinsic value it had to virtually zero. Other cryptocurrencies have solved many of bitcoin's problems and are likely to eclipse it. Furthermore, there are no new buyers left for this unwarranted and insane rally we've seen over the past 12 months. This is looking like a typical bubble cycle and the price is likely to crash again like it always does.
Holding bitcoin now (and certainly trading it) is 100% gambling, and the odds are probably stacked against you. There is no logical reason to think it will stick around or rise in price.
I understand why you'd think that. We will see, although the recent bounce was quite convincing that there are buyers definitely waiting down there to pick up what the sellers are dropping. The low adoption level of crypto in general still makes me think that this is just the start of the real thing. Maybe not for Bitcoin IF it does not solve its transactional issues. Scaling being the big issue. |
Using crypto to pay for college.
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nl247
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January 16, 2018, 11:48:37 AM |
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End? When we have not even started. As far as I am concerned, this is just the beginning. This is not something new, markets have gone down more than this before and ended up recovering and the last time I even checked, this kind of trend usually come back with a speedy recovery. I hope I am right, but right now, having some alts down, even screams some trading profit.
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Enjel (OP)
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January 16, 2018, 11:51:26 AM |
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End? When we have not even started. As far as I am concerned, this is just the beginning. This is not something new, markets have gone down more than this before and ended up recovering and the last time I even checked, this kind of trend usually come back with a speedy recovery. I hope I am right, but right now, having some alts down, even screams some trading profit.
Exactly  Look at the bigger picture - some governments are putting up regulations, and are banning ONLY those who break the law (duh). The truth is that people want crypto, and governments just want to tax and regulate it, not ban it altogether. Heavy adoption is just starting. New wallets are being created at a record rate. Sellers will soon FOMO and get back in. The cycle will continue simply because there are so many potential buyers. |
Using crypto to pay for college.
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ktabb
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January 16, 2018, 09:38:28 PM |
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I understand why you'd think that. We will see, although the recent bounce was quite convincing that there are buyers definitely waiting down there to pick up what the sellers are dropping.
The low adoption level of crypto in general still makes me think that this is just the start of the real thing.
Maybe not for Bitcoin IF it does not solve its transactional issues. Scaling being the big issue.
It's true that crypto adoption rates in general are still very low, so I don't blame people who take out small long term positions in cryptocurrencies if they really believe that they will be used commonly in the future. That being said, I don't think it will be bitcoin if this does happen. I'm also really not convinced that crypto will ever reach the level of ubiquity that many investors hope it will. |
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zazzbg
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January 16, 2018, 09:46:38 PM |
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Rinsend
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AZBI NETWORK - Multichain system
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January 16, 2018, 10:00:30 PM |
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momentum for us to start buying in,
be it in bitcoin or altcoin is very important,
because otherwise we will only find the falling btc price.
but until we are able to do hold, it is very important to keep us from market crashes.
true, we must know the right momentum
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bucciarati
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January 16, 2018, 10:05:03 PM |
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this is the end, beautiful friends, the end
or one of the already called ends and one on the list of future ends that are going to be
it's like matrix when neo faces the architect in infinite iterations
this is another one
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gentlemand
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Welt Am Draht
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January 16, 2018, 10:05:21 PM |
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I don't think this is the end of bitcoin entirely, but I think it might be the beginning of the end. We have seen some serious fundamental problems with bitcoin as far as scaling goes, which reduces any intrinsic value it had to virtually zero. Other cryptocurrencies have solved many of bitcoin's problems and are likely to eclipse it. Furthermore, there are no new buyers left for this unwarranted and insane rally we've seen over the past 12 months. This is looking like a typical bubble cycle and the price is likely to crash again like it always does.
Holding bitcoin now (and certainly trading it) is 100% gambling, and the odds are probably stacked against you. There is no logical reason to think it will stick around or rise in price.
Utter unshaved balls. No other alt has solved shit other than in theory. ETH was supposed to be the one yet its chain too was crippled by virtual kitties. In case you hadn't noticed this might be the year that BTC does finally address this and delivers lightning networks that give incredible capacity at negligible fees. It could all fail horribly or fulfil every possible desire. Let's see. In the meantime.  |
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Sir Cross
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January 16, 2018, 10:07:36 PM |
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For FUDs, the price has gone really low this time but if I were to think about it, bitcoin is not about to die for now. There are still so many users and supporters despite the crazy transaction fees. The hype has died down but there are still many who buy bitcoin and invest in it, I think especially the traders now who will take advantage of the price dip and will buy at a lower price.
we're not sure when bitcoin will rise again but the price will stabilize at some point, and I believe that it won't continue to dip because there are still so many bitcoin users and supporters.
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ktabb
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January 16, 2018, 10:26:04 PM |
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Utter unshaved balls. No other alt has solved shit other than in theory. ETH was supposed to be the one yet its chain too was crippled by virtual kitties. In case you hadn't noticed this might be the year that BTC does finally address this and delivers lightning networks that give incredible capacity at negligible fees. It could all fail horribly or fulfil every possible desire. Let's see. In the meantime. I'll admit that I'm not as familiar with all of the alt coins as I am with bitcoin, but I believe that litecoin and bitcoin cash both have significantly lower fees and faster transaction times, and IOTA has zero fees. I'm not sure about its transaction times. To be fair, none of these coins have reached the scale that bitcoin has reached. That being said, there is no reason to believe that some "lightening network" will solve bitcoin's transaction problems at scale. Bitcoin is still only handling maybe 10 or so transactions per second. Visa alone does over 1700 per second. Bitcoin has not even come remotely close to the scale it would need to reach in order to warrant a market cap like the one it has now. |
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Tonygold1967
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January 16, 2018, 10:27:48 PM |
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I don't think its over, people talking about a crash makes more people learn about it, tanking it out with optimism.
on unrelated note: if there is someone who makes music by copying coin charts, I'd love to listen to january
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Enjel (OP)
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January 16, 2018, 10:28:56 PM |
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The market cap is just the (highest price someone will pay right now) * (number of Bitcoins).
It's not like the standard market cap or anything, because so much of it is just thin air.
Not that it's bad or anything.. just a fact. I think Bitcoin's price can be justified at many levels.
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Using crypto to pay for college.
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Alns
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January 16, 2018, 10:32:13 PM |
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It is not the end piece of dumbass, just relax your fucking hands because this is not the end. Please stop creating this kind of bullshit in the forum because there are more than 10's threads asking the same in here.
THE PRICE IS GOING TO RECOVER SOON, there is no need to worry about it.
Just buy as much as you can, and keep holding for a while.
All those who hold, are rewarded later.
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Enjel (OP)
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January 16, 2018, 10:33:09 PM |
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It is not the end piece of dumbass, just relax your fucking hands because this is not the end. Please stop creating this kind of bullshit in the forum because there are more than 10's threads asking the same in here.
THE PRICE IS GOING TO RECOVER SOON, there is no need to worry about it.
Just buy as much as you can, and keep holding for a while.
All those who hold, are rewarded later.
Did you read one sentence of what I wrote? (The first one) |
Using crypto to pay for college.
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ktabb
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January 16, 2018, 10:36:38 PM |
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It is not the end piece of dumbass, just relax your fucking hands because this is not the end. Please stop creating this kind of bullshit in the forum because there are more than 10's threads asking the same in here.
THE PRICE IS GOING TO RECOVER SOON, there is no need to worry about it.
Just buy as much as you can, and keep holding for a while.
All those who hold, are rewarded later.
^ Clearly didn't read the post |
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smallcryptoinvestor
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January 16, 2018, 11:06:32 PM |
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I sure hope not that this is end of cryptotimes. I am still new to crypto and I experienced when BTC dropped from its ATH to 7900 euro. I believed it will recover and it did quite nice, even if did not reach its peak. So of course I believe that BTC will recover eventually. These threads and posts telling people to calm down and to just HODL is a bit reassuring. Many people are new here and without everyones support they would feel more terrible. I think the future is looking very bright now and it is a great time to buy now.
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JohnTask
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January 16, 2018, 11:12:29 PM |
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It is not the end piece of dumbass, just relax your fucking hands because this is not the end. Please stop creating this kind of bullshit in the forum because there are more than 10's threads asking the same in here.
THE PRICE IS GOING TO RECOVER SOON, there is no need to worry about it.
Just buy as much as you can, and keep holding for a while.
All those who hold, are rewarded later.
Hey man, please read the OP again. I like Enjel's attitude. Not overly bearish, not overly bullish. He can be both sceptical and hopeful at the same time. It's healthy. |
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