Is this the end of cryptocurrency

[bitbunnny]

What bad news exactly do you mean and what is going down? When you put it this ways it sounds so cataclismic. But what I see it's just normal volatility process related to Bitcoin and the news that are coming like those form Germany are not bad.
So I guess it's the question of perspective. And experience I would say. And the statement that it's the end of cryptocurrencies is totaly out of common sense.

[thewealthapostle]

8 thousand dollars for 1 bitcoin, it's quite a lot of money.
When everyone realizes that coins should not depend on news, they can no longer be manipulated as they are now!

And there will not be such protracted falls.

I agree that it is not that bad, but I really look forward to it recovering! I want to see at least $15k again in a few months! Because what's happening now is kind of free of any motivation... Is this fall happening due to stupid google ads? I recall facebook doing a similar thing, but when btc went up to $11k, I started to see ads once again! And why should one even care much about some ads? This is not the kind of news that should have such strong impact on the market imo. I understand that when something is hacked, or there are bugs or anything of that sort, then it's natural for people to panic. But google ads? Come on, we're better than that.

Actually, we are not better than that and probably can never be Thats the whole premise of the speculative crypto environment: Prices go up on good news and goes down on bad news.. even if the news makes NO ultimate difference to the maketplace and has no real negative effect on the project. The stock market, and by extension, the crypto market, has always been like that from day one. Its hardly ever rational. Though the rumours or news of Google potentially baning bitcoin or alt adds would actually affect the whole crypto industry big time... so i expected even more reaction to that!

[Silentsweeper]

It seems as if some investors have fled the market. Now, only the most interested participants who have a greater conviction in the cryptocurrencies remain.

[hinterland]

There has been consistent bad news since bitcoin became known around the world, hasn't really damaged it's reputation, if anything it's strengthened it.

People are suspicious of banks and governments more than ever, which only opens the door wider for alternate places to store wealth.

[tosindesign]

bad news keep spreading like wide fire because big players wants the price down so that they come on board . this is not the first time crytocurrency is going down. if you check history there was a rise and a fall of crytocurrency evry year . the best thing you can do is to invest more. crytocurrency will definite replace fiat currency is just matter of time. you cant fight technology

[qiwoman2]

If anyone from this forum would knew the answer to this question he/she should be already a millionaire, don't you think so?  

It's very annoying to see your portfolio decreasing with ~50% or more within the last weeks, but older people in crypto market passed through this situation multiple times in the last 2-3 years. Nothing goes up or down forever, neither crypto market does. Next month we can have a new 20-30% correction, or an over 50% increase. That's crypto market and you don't have to forget 2 key points here:
 - crypto market is very (but very) volatile. (that can be bad when correction, but also exciting when huge profit)
 - don't invest money you cannot afford to lose.

My personal feeling is that the end of crypto is not here, the market is still quite new and it needs to face important challenges during its way to maturity.

*************************************************************************************************************

If you found this post useful, please hit the “Merit” button and I will be glad to know it helped you. Thank you.

*************************************************************************************************************

My portfolio has dipped 90% since the 12th January and the biggest mistake I made this year was not selling before the 13th January. I would have by now not been scraping for pennies and I would have semi-retired and been able to help my Son get married. Now the way the market has gone really flat for months and is just getting worse and worse, I don't really see it happening right now, not for a long time, if at all, to get to previous All time highs. I think the honeymoon period is over. Those who were lucky enough to cash out already did so.