Bitcoin - Game over

[lelylely]

bitcoin crosses important neckline support (breakdown) and expected to conitnue to fall down more and more



typical bubble



if you tell me bitcoin is not in a bubble? look at the similarity, its >90% same as typical traditional bubble

goodluck to all holders out there, im pulling all my investment out, hope the best in you!

No, the game will still continue and still be played. I do not think bitcoin ends because it is impossible for now, bitcoin will be able to rise from the current setback and will have a high value.

[Palmerson]

The bubble was inflated by users themselves. But what next? This will not lead to the death of bitcoin. Someone lost their money, someone earned. The balance in the network is maintained. Bitcoin is still attractive to people in the first place the opportunities it offers. Price this is the second time.

[Ridwan Fauzi]

If you compare bitcoin with some economic bubble that has occurred before its just with charts it does not make sense. What is the function of nikkei for everyone? I think just a little bit. Take a look about the bitcoin function or about the overall cryptocurrency function, everyone will argue what you say. Bitcoin function is not just a place of investment and trading, but more than that can be used as an alternative payment tool. I think the reason mine is clear enough to deny what you are saying.

[Aikidoka]

Last year, the bitcoin price was $6k. Where were you? Maybe you were having a normal life wanting to find a good opportunity to make it better. Go ahead and pull out your investments. Others will come and invest in bitcoin. We do not need people who only cheer for it in its ups and discourage it in its downs. You are not real. Or maybe you are just pretending so you can make people lose faith in bitcoin and invest in another coin. Is that your intention?

[bloodchow]

Last year, the bitcoin price was $6k. Where were you? Maybe you were having a normal life wanting to find a good opportunity to make it better. Go ahead and pull out your investments. Others will come and invest in bitcoin. We do not need people who only cheer for it in its ups and discourage it in its downs. You are not real. Or maybe you are just pretending so you can make people lose faith in bitcoin and invest in another coin. Is that your intention?

I invest in bitcoin since it was $800, not $6000 dude. And went through more than 8 major crash in my 2 years journey, but this is the hardest crash ever felt.

[richardsNY]

I invest in bitcoin since it was $800, not $6000 dude. And went through more than 8 major crash in my 2 years journey, but this is the hardest crash ever felt.

At least it allows you to grow a thicker skin to handle the next major correction like a champ. Everything that happens should be seen as a learning experience. Most of the newbies that entered experienced nothing but a declining trend, but that only makes them stronger and appreciate increases more. All people before the correction are spoiled with how the price has gone up and they can't think about anything else anymore. The correction brings the much needed balance because that's how markets depending on supply and demand work. Nothing keeps going up endlessly since there is an end to every possible rally and hype sentiment.

[mrcash02]

Keep in mind Bitcoin's price have increased a lot because there was a hype ongoing. When people saw Bitcoin wasn't a method to double their money in 24 hours, they retreated and I believe that is the retraction in price we are seeing.

But it doesn't mean Bitcoin is failed. There was a hype, but meanwhile another people were involved with Crypto-Currency for another reasons besides doubling their money fast. I mean developers, businessmen, educators... And these are the people who will make Bitcoin grow on long term, not the hype enthusiasts... These are too volatile like BTC's price.

So the game isn't over!

[wildflower18]

Bitcoin is not over yet and I believe a lot of surprises to happen in the market. Well depends on you if you were out of this industry and lose hope. Do not regret when the market rises than you did not expect.

[morex0123]

Bitcoin is not over yet and I believe a lot of surprises to happen in the market. Well depends on you if you were out of this industry and lose hope. Do not regret when the market rises than you did not expect.

Yes, you're right mate. It's too early to speculate about things that will never happen in crypto business industry. Bitcoin has still bigger value and talking about its downtrend, I found it normal. So therefore, there's no bases when we say btc is over.

[Kurokyy]

Bitcoin is not over yet and I believe a lot of surprises to happen in the market. Well depends on you if you were out of this industry and lose hope. Do not regret when the market rises than you did not expect.

Yes, you're right mate. It's too early to speculate about things that will never happen in crypto business industry. Bitcoin has still bigger value and talking about its downtrend, I found it normal. So therefore, there's no bases when we say btc is over.

There is no accurate prediction because anything can happen in the market since there are different people in the country who are still interested on investing and because of that, we can always expect for the price to grow even more in the future.

[Wind_FURY]

I invest in bitcoin since it was $800, not $6000 dude. And went through more than 8 major crash in my 2 years journey, but this is the hardest crash ever felt.

At least it allows you to grow a thicker skin to handle the next major correction like a champ. Everything that happens should be seen as a learning experience. Most of the newbies that entered experienced nothing but a declining trend, but that only makes them stronger and appreciate increases more. All people before the correction are spoiled with how the price has gone up and they can't think about anything else anymore. The correction brings the much needed balance because that's how markets depending on supply and demand work. Nothing keeps going up endlessly since there is an end to every possible rally and hype sentiment.

Yes, we have a new generation of Bitcoin hodlers who will not rest from spreading the good news. The "trapped" investors generally become the most ardent of coin evangelists. Hahaha.

But it's better to be trapped in Bitcoin than a shitcoin. By some degree, they still made a good decision.

[Altcoins enthusiast]

The bearish market has started getting weaking and we should expect a turn of events soonest.  I think the bullish market is not over yet as in this market and little turn of events can provoke another direction in the live of a coin.  I think bitcoin price is more stable now than before and that is what matters.

[lablab03]

goodluck to all holders out there, im pulling all my investment out, hope the best in you!

Good luck to you as well pal. it's your choice so i suggest to don't regrets in the future. Lol  anyways base on my personal analysis on this moment i've noticed bitcoin made a small pump. Which is from $6400- $6700 and it is a big sign by the way,  such positive movement that bitoin value will not going down anymore , so good luck to you pal. Haha

[Rajamuda]

Prediction through price chart only is not enough yet, all back to what could affect it over time that hasn't yet confirmed that bitcoin is really about to be over. Many predict also from the side of economic growth, the advancement of the era, etc, there is still a lot of acceptance that hasn't happened yet.

[cryptokwuk]

The bearish market has started getting weaking and we should expect a turn of events soonest.  I think the bullish market is not over yet as in this market and little turn of events can provoke another direction in the live of a coin.  I think bitcoin price is more stable now than before and that is what matters.

A fool and his money are soon parted.

The bear market is only growing. That is the beauty of it.
Whales and experts telling everybody there is a golden buy opportunity and this is the lowest price level.
Meanwhile they keep dumping their stashes and get rich on idiots buying.

A lot of old coins are being dumped on the market. Those are the real 'bitcoin believers' that held for years! They are SELLING in high volume!
Add to that all the hacks which gave hackers hundreds of millions worth of crypto that still have to be dumped into fiat.

That means very dark times ahead for the price.

[Fuhre]

Well,  every single person has their own faith, it's up to you if you wanna stop make your contribution with bitcoin. But I think personally we just started this trend and it will be survive for long time.

many people think bad about bitcoin at the moment. but, I suppose that's just the frantic behaviors trying to spread the FUD.

[shesheboy]

Well,  every single person has their own faith, it's up to you if you wanna stop make your contribution with bitcoin. But I think personally we just started this trend and it will be survive for long time.

many people think bad about bitcoin at the moment. but, I suppose that's just the frantic behaviors trying to spread the FUD.

lets just be happy for them if thats what they really think of in bitcoin , besides we are the ones who will be more fortunate at the end and they will only regret because they dont believe on bitcoin before .

@op the game can be temporary over but the game wont not end too early because bitcoin do have many lives . the game will soon resume again by the next month and bitcoin will  reach again its new high score.

Prediction through price chart only is not enough yet, all back to what could affect it over time that hasn't yet confirmed that bitcoin is really about to be over. Many predict also from the side of economic growth, the advancement of the era, etc, there is still a lot of acceptance that hasn't happened yet.

thats right.  bitcoin is only getting started and its existence is not yet fully recognized by every single people on the planet. therfor the game isnt over yet. bitcoin can still go and pass a lot stages  .

[hubballi]

OP the same graph and analysis was shown in past when the bitcoin market crashed due to Mt.Gox scam but after some time it got back on track and you would have witnessed the boom price in Bitcoin. Same way now it is not scam but all big players and longterm investors are just buying in low and waiting for the price to saturate. It may be that this year we wont see the bitcoin price move high but next year it will sure move up.

[Supercrypt]

If you compare bitcoin with some economic bubble that has occurred before its just with charts it does not make sense. What is the function of nikkei for everyone? I think just a little bit. Take a look about the bitcoin function or about the overall cryptocurrency function, everyone will argue what you say. Bitcoin function is not just a place of investment and trading, but more than that can be used as an alternative payment tool. I think the reason mine is clear enough to deny what you are saying.

No one is actually saying bitcoin does not have a function, but if we really want to be truthful to ourselves, how many people are using that function exactly for what it is. Just very few even if there is any and that brings me to the point that we were in a state of bubble, and simply put, this is the after effect of it.

The function is still going to be utilized in the long run when we start seeing mainstream adoption, but for now, everybody just wanted to get rich and apparently have gotten screwed by that. However, this does not mean it is the end for bitcoin as there is still so much that the future holds.

[vickybitcoin]

bitcoin crosses important neckline support (breakdown) and expected to conitnue to fall down more and more

https://cdn.pbrd.co/images/HqssO99.png

typical bubble

https://jbmarwood.com/wp-content/uploads/2015/03/Nikkei-stock-crash.gif

if you tell me bitcoin is not in a bubble? look at the similarity, its >90% same as typical traditional bubble

goodluck to all holders out there, im pulling all my investment out, hope the best in you!

I have read this kind of negative posts and comments all the time every time the price falls..Game over, dead obsolete, drop to bottom line etc. And people gets more panic and more negative thoughts so they sell out or stop investing to bitcoin but every time the price recovers they feel sorry and buy again at higher price. Truely bitcoin is not for the frail of hearts.