This time is different

[fabrizoc]

This is when faiiiiling will come back to haunt us 

No need to worry about falling mate prices are just matter of time and as soon the user demands get high prices will start to rise and there may be a chance to buy as much as you can and those who are availing this chance will be enjoying great economic health in future bitcoin is all about investors intent and now investors sell their coins to make money and the time will come again when people will be making money from it.

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[Febo]

I'm being serious. This drop is different. The number of people involved is enormous (e.g. cryptomoms). Bitcoin (and ultimately all cryptos) will not recover from this one. Too many people will be burned here for the market to sustain itself. We're finally (finally!) at the beginning of the end. I've confirmed this with multiple sources.

It seems this time proudhon was right for once.  He called bear and also told us that this time it is different because cryptomoms are involved. When they start selling it goes to hell you saw today.

[figmentofmyass]

I'm being serious. This drop is different. The number of people involved is enormous (e.g. cryptomoms). Bitcoin (and ultimately all cryptos) will not recover from this one. Too many people will be burned here for the market to sustain itself. We're finally (finally!) at the beginning of the end. I've confirmed this with multiple sources.

It seems this time proudhon was right for once.  He called bear and also told us that this time it is different because cryptomoms are involved. When they start selling it goes to hell you saw today.

bit premature, don't you think? "will not recover" implies what happens after the bear market---a bubble that pops and never goes up again. we're right in the middle of the bear market now, no different than 2014 really. if 3-5 years go by and we're grinding below $1000, i'll agree that maybe "this time is different."

i think proudhon was sort of trolling here anyway.

[timerland]

That's a pretty big statement to make.

This is obviously a pretty big dump, and I definitely expected this to happen at the peak, although obviously I didn't know when the bullishness was going to end last year. We've probably never seen this kind of interest in bitcoin before, and markets were obviously way overheated.

I don't think that just because of the magnitude of the dump, it's going to be the "end" of bitcoin, per se.

Prices will keep moving in cycles, of bullishness and bearishness. Sure, this phase of bearishness may last for a few more years than expected, but with the new instutitional investors and new regulations, I don't see BTC markets being dormant "forever" just because of a prolonged bear market.