Bitcoin - Game over

[ajochems]

Bitcoin game is not over .No one can say this till the price reduced to 0$.Did the price of bitcoin is reduced to 0$?
I was sure,it was not happen.So the game of Bitcoin is not over.We can't say it's over by the price fluctuations.Due to price volatility,new investor had a great chance to buy at cheap prices.

[tony kurniawan]

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!

If bitcoin is already game over then bitcoin is gone, but currently bitcoin still survives and it proves bitcoin has not been game over. It's just a temporary decline and will improve later, be patient and eliminate your panic.

[reliable]

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!

If bitcoin is already game over then bitcoin is gone, but currently bitcoin still survives and it proves bitcoin has not been game over. It's just a temporary decline and will improve later, be patient and eliminate your panic.

OP needs to stay calm and don't judge that game is over. The good time will begin soon and one will realize that it was very smart to buy at 6500$ range as when the price shoots up it will be like 2-3k in a day it will cover up and then people will feel bad of not buying during low times.

[richardsNY]

The Bitcoin Game over or Bitcoin is dead thing is getting boring, better find something more original 

I never get bored of it. It feels incredibly well knowing that people have been saying that since I entered the crypto space years ago, and seeing that this is still the case shows that Bitcoin has way more growth to catch up on. We don't even have to say anything anymore -- the market breaking through record highs is all that's needed to shut them up. I don't even see kwukduck showing up anymore, what happened with him? It felt good going against him every time he created another 'Bitcoin is fundamentally broken' thread. It's fundamentally broken according to him but he never moved to another coin.

[JohnWick_Bitcoin]

The Bitcoin Game over or Bitcoin is dead thing is getting boring, better find something more original 

haha, yes you are right there are already a lot of people who tell that cryptocurrency will die in the future but still right now there are a lot of people who are interested on investing in bitcoins.

[GoldenLad]

This is the type of FUDs that drives noobs crazy and forces them to panic and rushing off to sell in a very low price causing them to loss their gains when they should be making their gains. You guys should stop panicing whenever you see the reds in the chart. Its a normal situation and it will come and pass, its a phase that needs to be crossed and it will, just be paitent.

[timerland]

Yes, we are in a bear market. Everyone knows that by now. And we're unlikely of get out of this current bear market for at least a few more months, after the recovery comes. So don't expect any bullish momentum to stem out of the market at this current moment.

However, is it really to say that bitcoin is going to be dead for the long term as well?

I don't remember how many times people have said that bitcoin is dead. It's not, it's still in the early adoption phases. These bull/bear markets are just a part of the cycles within the market, and nothing more. Long term, prices will still increase as adoption increases. It's really as simple as that.

[the1arty]

Bitcoin has died roughly 315 times already.
Secondly, you should read some books about how to draw the charts. You can make the same lines all over the chat and say bitcoin will be $1m in the near future.
Thirdly, in the long term, mostly news and attitude of the society drives the price, not the lines. Higher the demand, higher the price, some simple economic books will not hurt here.

According "Fred" chart it was more than 10 years, looks at that small decline down for a quite long time, zoom it in and analyze for some time, would be helpful in the long-term. In my opinion, Bitcoin is about 1973 or 1984 according to that chart, hard to tell.

[rainezerr401]

Bitcoin has died roughly 315 times already.
Secondly, you should read some books about how to draw the charts. You can make the same lines all over the chat and say bitcoin will be $1m in the near future.
Thirdly, in the long term, mostly news and attitude of the society drives the price, not the lines. Higher the demand, higher the price, some simple economic books will not hurt here.

According "Fred" chart it was more than 10 years, looks at that small decline down for a quite long time, zoom it in and analyze for some time, would be helpful in the long-term. In my opinion, Bitcoin is about 1973 or 1984 according to that chart, hard to tell.

Most of the people will always tell that cryptocurrency are going to die like this times when it was in a huge dip but still bitcoins will still manage to grow up again after a few months so keep on holding.

[Question123]

Bitcoin is not yet game over because decreasing price is normal and we believe who suppoerters of the bitcoin the price will become very high again. The always we say be patient and everything will be okay and you will get more profit once the price increase again. Bitcoin are still strong and good foundation because bitcoin have still a lot of supporter and investor.

[Hazaki]

Bouncing back hasn't been something strange to bitcoin and having such a pattern doesn't make it a bubble even tho it has acted so .
People will keep investing in it and potentially making more money than they'll do anywhere else because ti has offered to internet literates a lot of work possibilities and created a new way to store wealth for some , to invest for others and to transfer money for many people around the world .
A pattern won't really decide the fate of a currency and we have seen it getting over much worse scenarios and it'll certainly get past this too .

[Wind_FURY]

Contemplating again about this, I believe the OP's comparison is also very wrong. Yes, I posted I was open to the possibility that Bitcoin's price might become like the Nikkei. But no longer. The OP has not taken the significance that Bitcoin is a new revolutionary financial system. It is a new world changing invention similar to the telephone or the airplane.

[Shinpako09]

The Bitcoin Game over or Bitcoin is dead thing is getting boring, better find something more original 

Exactly, he just change the word dead into game over. Many have said it before but until now btc is the leading crypto. I guess that guy pull out only in btc but not in crypto. Maybe he shifted to altcoins or spreading things like this as if others will believe so that he can buy more if ever the price goes down.

No matter, what your decision is, we aren't following you and keeping our faith in btc.

[Tagus45]

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!

You better think far ahead, bitcoin is not a weak coin that goes down and then disappears, but bitcoin is the strongest coin with full trust, bitcoin will not die and still can survive.

[valentine401]

Bitcoin is not yet game over because decreasing price is normal and we believe who suppoerters of the bitcoin the price will become very high again. The always we say be patient and everything will be okay and you will get more profit .

They only said it was game over because most of the traders today are selling their coins which make the prices of cryptocurrency to decrease even more, some are pressured and ending on quitting but just try to believe on the growth of cryptocurrency because it will increase again soon.

[vibingpositively]

The game is over when Bitcoin reaches a price of $0, until then have some faith will you. While the trend line is broken, it doesn't mean anything happens 100%. All it means is we are more likely (51% and up) to go down more, than we are to go up (49% and less).

[bloodchow]

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!

You better think far ahead, bitcoin is not a weak coin that goes down and then disappears, but bitcoin is the strongest coin with full trust, bitcoin will not die and still can survive.

bitcoin is stronger than NIKKEI 225?

but NIKKEI also falls down like no tomorrow how bout speculative coin that has no value like bitcoin?

[okala]

I disagree with this view and I can tell you that this is a beginning of another upwards movement.  We are aware that bitcoin is in a strong bearish but this has not signified the end. We should expect another upwards movement any moment from next month.

[supercanada1]

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!

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.

And how can one say the Bitcoin game is over even if it is still the top ranked coin in the market with the maximum market cap. I do not understand this logic. But such things are been said only to degrade the mustered up courage of the newbie and of the existing investors to quit the job. In my opinion, as long as you can earn some money in the business and as long as you can make use of the services Bitcoin offers, the game is live.

[Febo]

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!

Man everyone is now buying Japanese stocks. You are pulling out? I dont get people like you.  Why you bought Japanese stocks in first place?  Japan is most crypto country. Their economy will flourish in upcoming years thanks to the fact that after MtGox fiasco was first country that looked into Bitcoin and crpyto from all angles.