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Author Topic: Why bitcoin will fall and stay under $1000.  (Read 307 times)
cryptokwuk
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March 30, 2018, 11:34:13 AM
Merited by sjefdeklerk (1)
 #1

It's simple. This time Bitcoin failed to deliver on its promise. Meaning it's fundamentally different from previous 'corrections'

Finally, after years of being dead in the water and being ignored, actual adoption came to the market.
Then the network actually got some transactions going and utterly failed to deliver. With confirmations taking days at a cost of $50 per transaction!
The dev team has known this scaling problem for almost 10 years and what have they come up with? Nothing!
Yes, only now there is something in the works, lightning network, a system that fundamentally cannot even work and even as a concept completely defeats the entire point of "A Decentralized peer-to-peer Cash." -Satohsi Nakamoto.

A hand full of early adopters and devs sold millions of coins at $15-20k range to y'all bag holders and are now some of the wealthiest people in society. Which was of course the plan all along.

Keep buying that 'dip' guys! LOL
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airdagon
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March 30, 2018, 04:21:35 PM
 #2

on what basis do you say that bitcoin will still fall below $ 1000? LOL
I never thought bitcoin would go that far. there will be how many more people are panicking at this. I think this is just a mere issue to make the negative news and improve the FUD. I believe that in the near future the price will soon increase again.

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March 30, 2018, 04:54:16 PM
 #3

I was already somewhat worried without bears popping up, because their statements are indicating the exact opposite, and we may very well be near the point of having seen the worst of current dip. No way that the market will tank below the $6000 bottom, and for that reason it might be a good opportunity to start buying whatever you can before the price jumps back up. In other words, the lowest the price can go from current levels is less than 10%, so don't wait. The current market is just oversold, and especially so if you look at the time frame it happened in, and how consistent the decline has been. While typing now, I bought at $6599.
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March 30, 2018, 05:58:59 PM
 #4

It's simple. This time Bitcoin failed to deliver on its promise. Meaning it's fundamentally different from previous 'corrections'

Finally, after years of being dead in the water and being ignored, actual adoption came to the market.
Then the network actually got some transactions going and utterly failed to deliver. With confirmations taking days at a cost of $50 per transaction!
The dev team has known this scaling problem for almost 10 years and what have they come up with? Nothing!
Yes, only now there is something in the works, lightning network, a system that fundamentally cannot even work and even as a concept completely defeats the entire point of "A Decentralized peer-to-peer Cash." -Satohsi Nakamoto.

A hand full of early adopters and devs sold millions of coins at $15-20k range to y'all bag holders and are now some of the wealthiest people in society. Which was of course the plan all along.

Keep buying that 'dip' guys! LOL

Finally somebody who understands it. I hope you shorted this crap in December, just like I did. All those longs here are only losing money. Sure, there are some who bought < $1000 but I'm confident they will be underwater later this year too. Bitcoin has proven to be a failure and LN is just a joke, like I outlined earlier: https://bitcointalk.org/index.php?topic=2792933.0 I should update that list btw, found some new really stupid facts about LN. This thing is dying rapidly.
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March 30, 2018, 06:01:21 PM
 #5

kwuckduck with a really obvious alt here - Very discrete kwuckduck  Grin




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sjefdeklerk
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March 30, 2018, 06:11:14 PM
 #6

kwuckduck with a really obvious alt here - Very discrete kwuckduck  Grin

Kwuckduck is a hero. Sure he was a bit early with his crash predictions but at least he saw bitcoin for what it was. Most of the longs out there still don't understand bitcoin AT ALL, they have 0 technical knowledge, barely understand what LN is and that's why they're now getting killed. They have some vague idea of how 'bitcoin will change the world' but it's much more a dream than that it has to do anything with reality. It's like building a helicopter and then expect to fly to Mars with it.
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March 30, 2018, 06:18:19 PM
Merited by LFC_Bitcoin (2)
 #7

As the price is so much higher, why can we not afford a better class of doom-smearing dullard compared to last time?

I really thought the tactics would have advanced just a little bit. Everything's moved onwards and upwards except this area. Surely they can afford a room full of Russians to come up with both some subtlety and overt zingers these days?

Yet here we are stuck with the same old shitty middle ground.

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March 30, 2018, 06:21:29 PM
 #8

As the price is so much higher, why can we not afford a better class of doom-smearing dullard compared to last time?

I really thought the tactics would have advanced just a little bit. Everything's moved onwards and upwards except this area. Surely they can afford a room full of Russians to come up with both some subtlety and overt zingers these days?

Yet here we are stuck with the same old shitty middle ground.

Brilliant  Grin Cheesy




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Lieldoryn
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March 30, 2018, 06:37:50 PM
 #9

It's simple. This time Bitcoin failed to deliver on its promise. Meaning it's fundamentally different from previous 'corrections'

Finally, after years of being dead in the water and being ignored, actual adoption came to the market.
Then the network actually got some transactions going and utterly failed to deliver. With confirmations taking days at a cost of $50 per transaction!
The dev team has known this scaling problem for almost 10 years and what have they come up with? Nothing!
Yes, only now there is something in the works, lightning network, a system that fundamentally cannot even work and even as a concept completely defeats the entire point of "A Decentralized peer-to-peer Cash." -Satohsi Nakamoto.

A hand full of early adopters and devs sold millions of coins at $15-20k range to y'all bag holders and are now some of the wealthiest people in society. Which was of course the plan all along.

Keep buying that 'dip' guys! LOL
I disagree with you. Switching to the segwit2x system had to solve the scalability problem. Last year there was supposed to be a transition to this system, but the miners boycotted. Due to disagreements, this transition was postponed indefinitely. Now such situation when it is possible to return to this subject. I hope that this will be done and the price of bitcoin will recover.
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March 30, 2018, 07:17:34 PM
 #10

I was already somewhat worried without bears popping up, because their statements are indicating the exact opposite, and we may very well be near the point of having seen the worst of current dip. No way that the market will tank below the $6000 bottom, and for that reason it might be a good opportunity to start buying whatever you can before the price jumps back up. In other words, the lowest the price can go from current levels is less than 10%, so don't wait. The current market is just oversold, and especially so if you look at the time frame it happened in, and how consistent the decline has been. While typing now, I bought at $6599.

Of course there is chance that you are correct, but with everything that is going on and this downfall in price I can't see things the way you see them. I think that price could go down even more, and that it could go even below $6000.
The way I see it, problem which we have now is because too many people are just holding their coins, and are not using them the way they are suppose to. Bitcoin was not meant to be asset, it was made to be a currency, and that means people needs to use it and spend it daily. If we all just hold our coins price will continue to go down.
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March 30, 2018, 07:53:24 PM
 #11

I will just leave it here - an interesting article about bitcoin's future price:
"Bitcoin price trading in a range below $7,000: Tom Lee tells cryptocurrency investors to hold on, Bitcoin will hit $25,000 end of 2018"

Source: https://www.fxstreet.com/cryptocurrencies/news/bitcoin-price-trading-in-a-range-below-7-000-tom-lee-tells-cryptocurrency-investors-to-hold-on-bitcoin-will-hit-25-000-end-of-2018-201803301527


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markj113
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March 30, 2018, 08:22:13 PM
 #12

I will just leave it here - an interesting article about bitcoin's future price:
"Bitcoin price trading in a range below $7,000: Tom Lee tells cryptocurrency investors to hold on, Bitcoin will hit $25,000 end of 2018"

Source: https://www.fxstreet.com/cryptocurrencies/news/bitcoin-price-trading-in-a-range-below-7-000-tom-lee-tells-cryptocurrency-investors-to-hold-on-bitcoin-will-hit-25-000-end-of-2018-201803301527

These people are full of shit.

If he was so sure of that why hasn't he put everything he owns and maxed every line of credit and ploughed the lot into BTC.

No one has a crystal ball so dont select predictions that just serve to reinforce your own predictions and bias.

No one knows where the price will be tomorrow let alone in 9 months time.
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March 30, 2018, 09:16:36 PM
 #13

It's simple. This time Bitcoin failed to deliver on its promise. Meaning it's fundamentally different from previous 'corrections'

Finally, after years of being dead in the water and being ignored, actual adoption came to the market.
Then the network actually got some transactions going and utterly failed to deliver. With confirmations taking days at a cost of $50 per transaction!
The dev team has known this scaling problem for almost 10 years and what have they come up with? Nothing!
Yes, only now there is something in the works, lightning network, a system that fundamentally cannot even work and even as a concept completely defeats the entire point of "A Decentralized peer-to-peer Cash." -Satohsi Nakamoto.

A hand full of early adopters and devs sold millions of coins at $15-20k range to y'all bag holders and are now some of the wealthiest people in society. Which was of course the plan all along.

Keep buying that 'dip' guys! LOL

A question. Since you already lost all hope in Bitcoin then while are you still here, discussing?

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March 30, 2018, 09:37:34 PM
 #14

A question. Since you already lost all hope in Bitcoin then while are you still here, discussing?
Things like that shouldn't be ask because it is obvious. He is still here discussing because he wants to spread FUD. OP here is probably the alt account of kwukduck, who is very prominent for his doom prediction. It is also a fact that he still does not lose faith in bitcoin, after all why will he spread FUD if he doesn't want to rebuy and bring down it's price? Unless he is paid by someone for doing so.
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March 30, 2018, 10:22:13 PM
 #15

I am not surprised at your presumed prediction; a lot of it usually comes in whenever the price of bitcoin dips too low. If you feel bitcoin will go below $1000 and you feel its not worth it, then simply exist instead of spreading FUD. We all love to see the prices of bitcoin going up to a higher price but have you consider that bitcoin is worth more than the just the price? We don't know what the future will bring.

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March 30, 2018, 10:28:56 PM
 #16

I doubt that bitcoin will ever be 1000 dollars. And if it does, I will buy as much as I can.
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March 30, 2018, 11:05:32 PM
 #17

I doubt that bitcoin will ever be 1000 dollars. And if it does, I will buy as much as I can.

this thread not about 1k dollar
i think OP wrong, this mean 10k dollar

to OP you only hold youre coin until end year, bitcoin price can the moon again

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March 30, 2018, 11:48:27 PM
 #18

kwuckduck with a really obvious alt here - Very discrete kwuckduck  Grin
Kwuckduck is a hero.
Whaaat?  Huh

This time Bitcoin failed to deliver on its promise.
Promise what?

With confirmations taking days at a cost of $50 per transaction!
You sure about this? During ATH this is real since there's an attack but now I even transacted with a fee of $0.02 and it was even confirmed not longer than 5 mins.

A question. Since you already lost all hope in Bitcoin then while are you still here, discussing?
He's happy to discuss while others are feeling down since the price went down but when it goes up again, he'll disappear and wait it until the dip comes and again will discuss his thoughts about the dip.


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March 31, 2018, 12:38:28 AM
 #19

so Bitcoin will fall and stay under $1000 because it fails ?
how about $0 other than $1000 ? because what is the difference between both of it when we know the fact that the miners will stop mining it after the price decline to or below $4000 ?
also who will be the cryptocurrency then ? Bitcoin Cash aka BCash ? Ethereum ? or Canabis Coin :lol: ?
seriously buddy,you were saying dev sold his bags.
(logically speaking if he/she sold it,people should have known it because someone or somebody monitoring that wallet daily)
but nobody notice it except you and another one aka Mr.kwuckduck ?

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March 31, 2018, 01:35:45 AM
 #20

If you think that bitcoin will fall under $1000, do you have any proof of that? If that's so, share with us the link so we can be able to believe you. This is really disappointing that a lot of us believes in fake news. Maybe it is better if we just do whatever we wanted to our coins and just don't spread the fake news that people will panic to invest in bitcoin again. Bitcoin is dropping because it also depends on us.
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