We are now down 70% and still dropping

[cryptoquestion]

Can someone see the future?
If he exists, I would like to know this person 

[1715181704]

1715181704

[1715181704]

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[StefanPLU]

We are very close to the bottom, very close.

So dont jump overboard yet.

If you do, go open a bank account and wait for your 0.1% per year.

That´s exactly what I thought so many times in the recent month´s, let them sell and go to their
bank and get their 0.1 %.

I even like it that all those who jump ship will hopefully not come back, we need a stable community
who is in this for the longterm and does not just want to make a quick profit.

Who ever believes in Blockchain should invest, the rest Good Bye.

[Joebobb69]

As of this morning BTC went below 6000 - that is a 70% drop from the peak at the end of 2017.

"This is normal in crypto" says many in here. Come on - get real. It is a full-on crash, and it is not over yet.

Just after your few hours of posting bitcoin has stated moving upwards and it is now at +3% with green zone. So im pretty sure that bitcoin is the real deal and now you believe it too. This is the up rising of the bitcoin and no one can bit the challenge of bitcoin where it went all down to 70% and in single day came back to 3% and more. Thats the real beauty behind it and lets hope we see +70% again and the bitcoin goes ATH of 20K soon. Lets party guys because that is what bitcoin is trying to get for us. So yes man, this is normal in crypto and you should hold and hold.

And you got 257 merits for posts like that?  This is why I think this whole "merit" crap is absurd.  And you're hardly the only one. 

[Yatsan]

As of this morning BTC went below 6000 - that is a 70% drop from the peak at the end of 2017.

"This is normal in crypto" says many in here. Come on - get real. It is a full-on crash, and it is not over yet.

This is an enough reason on not to sell because it is jist making the market value of Bitcoin to fall even more. Jist hold in order to mske the demand high and its market price to rise. No dump is permanent so we'll get rid of this one soon. For now, invest to some coins that you've like because the moment that coin's price starts to rise, profit will be earned.

[Washball]

Now that Bitcoin has gone down this week, all of sudden we're not so excited anymore. Some even believe this is not over yet. But now that the US authorities hearing is over and the outcome is not that negative, It's just a matter of weeks and bitcoin will reach 20K once more.
Then everyone will scream again: we're going to the moon!

[WalkinRobbie]

looks liek full recovery now,   sicne typing this it went from 7000 to 7100 to 7300       ..  THE MOOOOONNN

[topleskacah]

It looks like bitcoin will drop to $ 3000
if that happens, I do not think it's the end of bitcoin
just the opposite, it's a good time to buy and hold it, just need to wait a few months until the bitcoin price goes back to $ 20,000 and can even be higher than that

[groko271]

As of this morning BTC went below 6000 - that is a 70% drop from the peak at the end of 2017.

"This is normal in crypto" says many in here. Come on - get real. It is a full-on crash, and it is not over yet.

I would agree except for the fact of how quickly bitcoin went up to reach that ATH in the first place. It was like weeks to go up 100's%...... If the price drops below that of Sept'17 then I would agree it is a crash.

[Tinna25]

in my opinion, due to reduced interest and market confidence in bitcoin so bitcoins continue to fall and decline, plus the many bad issue related to bitcoin

[eckmar]

Tether/Bitfinex is no longer generate fake money(over 2 billions till now) . They are on hold.  This is the main reason.  

Main reason ? 2 Billion for the 130 billion Bitcoin market cap is nothing. 2 Billion is really nothing for any other coin....

[cryptokitty]

As of this morning BTC went below 6000 - that is a 70% drop from the peak at the end of 2017.

"This is normal in crypto" says many in here. Come on - get real. It is a full-on crash, and it is not over yet.

Of course,  i do believe that it is not yet over.  Crypto currency is uncontrollable.  It can pumps and fall. It is our decision and good strategy on how we handle this situation and make it a good decision someday.

[QuestionAuthority]

As of this morning BTC went below 6000 - that is a 70% drop from the peak at the end of 2017.

"This is normal in crypto" says many in here. Come on - get real. It is a full-on crash, and it is not over yet.

A biggest crash that I’ve ever experienced but as you can see it’s not over yet because this technology will bounce back and correction will happen again in the future. This is the scenario every year, FUD will continue to spread but they can never stop cryptocurrency specially bitcoin because this is a kind of technology that we need in the future.

Yep, you’re right, the future belongs to blockchain technology. Bitcoin is one of the greatest creations of our time. Blockchain technology will reshape the very core of commerce across the globe.

Unfortunately, bitcoin has also proven to be the best lubricant for criminal behavior since the invention of the post office.

[osasshem]

I see many buyers will come into action if it drops more today and tomorrow. It's all volume based and supply and demand theory. I will wait and see for more how much percent its going to drop today and tomorrow and then I will lock the buy positions based on the observations. I m waiting eagerly to get into some nice position to repair profits in the long run and I m not in hurry.

That is what people said when it dropped to 15000. Then they saw the dip to 12000 as a good buying opportunity. Then people like you said to buy at 10000 because that was cheap. Then people like you in here said to buy at 8000 to be prepared for the upturn. Now you say the same at 6000.....

Go ahead, throw you money away chasing a dream to get-rich-quick. Reality is that the party is over.

For me, Its not actually a scheme to get rich quick. The blockchain technology is somethingvery nice to keep one going with the crypto currency or bitcoin. Okay, as at 3-4 years back, the price of bitcoin has not planned of gaining heights  to $6000, now it is dropping down from $17000 to $6000, does not mean it can't get back and above its initial price. Everyone knows well that bitcoin is always on a rollercoaster ride, today might be good, and in the next hour it is bad. Lets just wait for a good rebounce towards the end of the month.

[onemoretime8520]

So many of my friends were thinking that they could make 100k by just investing 100$. And in that bullish period so many were experts of trade. Now those weakhands may be shaken and just the holder and dip buyers would profit. Even if it is 70% down I believe it will recover and I will hold.

[QuestionAuthority]

I see many buyers will come into action if it drops more today and tomorrow. It's all volume based and supply and demand theory. I will wait and see for more how much percent its going to drop today and tomorrow and then I will lock the buy positions based on the observations. I m waiting eagerly to get into some nice position to repair profits in the long run and I m not in hurry.

That is what people said when it dropped to 15000. Then they saw the dip to 12000 as a good buying opportunity. Then people like you said to buy at 10000 because that was cheap. Then people like you in here said to buy at 8000 to be prepared for the upturn. Now you say the same at 6000.....

Go ahead, throw you money away chasing a dream to get-rich-quick. Reality is that the party is over.

For me, Its not actually a scheme to get rich quick. The blockchain technology is somethingvery nice to keep one going with the crypto currency or bitcoin. Okay, as at 3-4 years back, the price of bitcoin has not planned of gaining heights  to $6000, now it is dropping down from $17000 to $6000, does not mean it can't get back and above its initial price. Everyone knows well that bitcoin is always on a rollercoaster ride, today might be good, and in the next hour it is bad. Lets just wait for a good rebounce towards the end of the month.

Blockchain technology is nothing more than a secure distributed “networked” database. Databases hold records. In the case of bitcoin, it holds distributed transaction records. There are four types of blockchain networked databases, industry level, private, semi-private and permissionless (public). Bitcoin’s blockchain is a permissionless networked database with the sole function of permanently storing bitcoin transaction data. Because it’s permissionless or public anyone can read it, send transactions to it, or participate in the storage and validation of it.

The btc/usd exchange rate is only peripherally connected to the bitcoin network. Bitcoin operates exactly the same regardless of what its exchange rate is currently. The exchange rate is controlled by people buying, selling, scamming, stealing, cheating, trading inside info, back room exchanging, hoarding, dumping, and all of the other things associated with every other human controlled market on the planet.

You’re right about one thing. Everything on earth goes up over time. Bitcoin is no different. When my grandfather was born a loaf of bread was $0.05 and sugar was $0.04 a pound. The last loaf of bread I bought I paid $5 for it and sugar is $1 a pound. That took 100 years to happen. Speculators love bitcoin because they can make the same profit in days or weeks that take years or decades with any other investment vehicle. That’s not why it was created but it does give bitcoin value.

[Gabb]

As of this morning BTC went below 6000 - that is a 70% drop from the peak at the end of 2017.

"This is normal in crypto" says many in here. Come on - get real. It is a full-on crash, and it is not over yet.

For those who are not used to the high volatility of this market, these are undoubtedly periods of trial in which they are probably rethinking how inconvenient was their decision to enter this market. But for those of us who have been involved in this ecosystem for a long time, it really seems like the ideal scenario to continue investing and securing our financial future through buying massively at a price that may never be repeated.

[NavI_027]

We are very close to the bottom, very close.

So dont jump overboard yet.

If you do, go open a bank account and wait for your 0.1% per year.

Sir crazyivan is right, we don't have any choice right now but to trust bitcoin, keep believing to it even though it shows no improvementa at all. But it's still your choice in the end whether you will quit now or "surf with the tides" – continue buying and make the situation favorable to you. Choose the decision what makes you comfortable the most.

[imoet]

Yeah it could still be dropping. Have you seen the price history from the past eight years? Every start of a year bitcoin price drastically fell and recovered after the first quarter. There are huge drops that records in the bitcoin price history, remember Mt. Gox event, that fell bitcoin more than 80% drop. And that is not just the huge drop, there are even more earlier drop which reaches up to 90%. So panic at 70% drop, I think not, i will panic if the price drops way below 100% because that will be the new huge drop in history.

I believe that too. I know the price will be up again. 70% is nothing if we can be patient. Based on the past eight years history, the same things always occur. The price will drop in the beginning of the year. Just do what we can do the best to earn more coins. Always be positive and you will get the positive result at the end.

[zolfa]

As of this morning BTC went below 6000 - that is a 70% drop from the peak at the end of 2017.

"This is normal in crypto" says many in here. Come on - get real. It is a full-on crash, and it is not over yet.

Yes, many say that the decline in bitcoin prices is now normal, since bitcoin is the value of the pluctuative currency, so the decline and rise in bitcoin prices is normal.
Although now the decline is through the figure of 70%, but we must continue to be patient and hold the coins we have. If you sell bitcoins at current prices, I'm sure you'll lose and regret having invested them in bitcoins. I do not want this to happen to you, I am sure that once we hold all the coins we have, we will get happiness next month.

[weblouartisan]

As of this morning BTC went below 6000 - that is a 70% drop from the peak at the end of 2017.

"This is normal in crypto" says many in here. Come on - get real. It is a full-on crash, and it is not over yet.

There are a lot of aspects that affects the flow of market like chinese new year or valentines day, maybe in this days there are a lot of people who wants to sell their coins to earn fiat spending on a event and that's what makes the value of bitcoins decrease.