Bitcoin's future is DOWN

[Predict0r]

By the most logical thinking:

•  There's strong evidence that the late 2017 spike in Bitcoin value was due to manipulation via Tether.

•  IF that is so, then that entire episode actually means nothing, and...

•  Bitcoin etc values will decay back to their historical levels prior to pump & dump.

•  This will be slow because interim buyers won't want to take the losses.

Look at BC charts for the past 6 months.  It's very easy to imagine the average value continuing to decay down to $400 in 12-18 months.  And that's what makes sense - at least, more sense than anything else.

A few brilliant traders will make money getting in and out during the decline, but all the other players here are just rearranging deck chairs on the Titanic.  The only "charting" you need is the big picture here:

https://imgur.com/a/QTYOQyL

Unfortunately, there seems to be no reliable way to buy a put on BC for that time-frame, or I would.

[Ghayoor]

By the most logical thinking:

•  There's strong evidence that the late 2017 spike in Bitcoin value was due to manipulation via Tether.

•  IF that is so, then that entire episode actually means nothing, and...

•  Bitcoin etc values will decay back to their historical levels prior to pump & dump.

•  This will be slow because interim buyers won't want to take the losses.

Look at BC charts for the past 6 months.  It's very easy to imagine the average value continuing to decay down to $400 in 12-18 months.  And that's what makes sense - at least, more sense than anything else.

A few brilliant traders will make money getting in and out during the decline, but all the other players here are just rearranging deck chairs on the Titanic.  The only "charting" you need is the big picture here.

Unfortunately, there seems to be no reliable way to buy a put on BC for that time-frame, or I would.

i believe bitcoin have a very bright future because bitcoin is very useful currency in market and its playing avery big role in any country economy.

[patt0]

And what strong evidence is that? Do you care to show "proofs" or at least fundament your theory?
I have no idea where you are getting the facts to fundament your claims, but I think bitcoin fundamentals are intact, even though we are seeing a decline in it's price. I would agree with market manipulation, after big players bought in BTC during futures, and are now manipulating the price in order to keep profiting from it. They will probably try to cycle it back up again, and keep doing it until BTC develops further and get the adoption it deserves because of its potencial. Once that happens, it's liquidity will be to large to allow market manipulation and we will be fine. It will take a while though, but that's my belief.

[nanasei]

It is illogical to assume that since bitcoins has depreciated to this price within the last 6 months, by the next 6 months it will decline to less than 1000 usd. The market don't work that way.

[darkangel11]

By the most logical thinking:

•  There's strong evidence that the late 2017 spike in Bitcoin value was due to manipulation via Tether.

No, there's not. If that "strong evidence" is a single paper by some American professor, who at the same time might be shorting BTC knowing that his paper may shake some weak hands, you're not really making a point.

•  IF that is so, then that entire episode actually means nothing, and...

•  Bitcoin etc values will decay back to their historical levels prior to pump & dump.

Even if we assume the research was legit, according to it tether was responsible for half of the price increase in late 2017.
If we assume that "late" means November and December, because before that it was a slow and steady rise, we went from 4700 to 20k, so more or less 15k. Half of that would be 7k, so if tether has completely no backing and all of it is fake, it made the price go up by 7,5k. We've already went down by almost the same amount. Even if USDt were to be fake, which it isn't and worst case scenario only a small percentage of its supply is faked, we wouldn't go much lower than we are now.

[Kimchu kuno]

By the most logical thinking:

•  There's strong evidence that the late 2017 spike in Bitcoin value was due to manipulation via Tether.

No, there's not. If that "strong evidence" is a single paper by some American professor, who at the same time might be shorting BTC knowing that his paper may shake some weak hands, you're not really making a point.

•  IF that is so, then that entire episode actually means nothing, and...

•  Bitcoin etc values will decay back to their historical levels prior to pump & dump.

Even if we assume the research was legit, according to it tether was responsible for half of the price increase in late 2017.
If we assume that "late" means November and December, because before that it was a slow and steady rise, we went from 4700 to 20k, so more or less 15k. Half of that would be 7k, so if tether has completely no backing and all of it is fake, it made the price go up by 7,5k. We've already went down by almost the same amount. Even if USDt were to be fake, which it isn't and worst case scenario only a small percentage of its supply is faked, we wouldn't go much lower than we are now.


We don't feels worry in business that's a characteristics accept the fact that sometimes losses and have win or sussess continue or trust.

[SunJAB]

It is illogical to assume that since bitcoins has depreciated to this price within the last 6 months, by the next 6 months it will decline to less than 1000 usd. The market don't work that way.

I do not think Bitcoin can fall below $ 4,000 because its value is much higher. Although Bitcoin and cryptocurrency are facing a lot of difficulties in the current time, the long-term potential is very large so investors should not be too worried because of the fluctuations in this time of the market.

[gantez]

•  Bitcoin etc values will decay back to their historical levels prior to pump & dump.

If this happens, what else do you expect the market to do. I was reading and waiting for you to send a link to indicate the short down of bitcoin and probably, the introduction of another.

[Ris88]

Maybe there are still so many people who are so unsure of the bitcoin system for the future, maybe for now it is still in fantastic price decline in all markets, it does not mean bitcoin will just hurt, this problem there must be a breed that will be much better at the price know yesterday and there will likely be a bigger increase ..

[Patatas]

By the most logical thinking:

Title of the thread conveys enough to understand the post isn't thought so logically.

•  There's strong evidence that the late 2017 spike in Bitcoin value was due to manipulation via Tether.

Bitcoin started with less than $1? Did tether even exists back then? FLAWED logic right here.

•  IF that is so, then that entire episode actually means nothing, and...

What?

•  Bitcoin etc values will decay back to their historical levels prior to pump & dump.

I'm still trying to find some sense of logic in your post. If everyone still holds their coins, how would the value fall? Magically?

•  This will be slow because interim buyers won't want to take the losses.

Look at BC charts for the past 6 months.  It's very easy to imagine the average value continuing to decay down to $400 in 12-18 months.  And that's what makes sense - at least, more sense than anything else.

Last week it saw an upside down value of $600. Falling and Rising is part of the bitcoin economy.

[Doterti]

By the most logical thinking:

Title of the thread conveys enough to understand the post isn't thought so logically.

•  There's strong evidence that the late 2017 spike in Bitcoin value was due to manipulation via Tether.

Bitcoin started with less than $1? Did tether even exists back then? FLAWED logic right here.

•  IF that is so, then that entire episode actually means nothing, and...

What?

•  Bitcoin etc values will decay back to their historical levels prior to pump & dump.

I'm still trying to find some sense of logic in your post. If everyone still holds their coins, how would the value fall? Magically?

•  This will be slow because interim buyers won't want to take the losses.

Look at BC charts for the past 6 months.  It's very easy to imagine the average value continuing to decay down to $400 in 12-18 months.  And that's what makes sense - at least, more sense than anything else.

Last week it saw an upside down value of $600. Falling and Rising is part of the bitcoin economy.

The bitcoin is still increasing and improving the wealth or income that can help the society, even though it has ups and downs still we need to trust and understand the value of bitcoin and with that the bitcoin will help you.

[Catch-22]

This kind of defeatist attitude doesn’t help much, does it? Might as well tell everyone to get out of cryptocurrency right now. As for me, I’m staying put. I don’t wanna miss a thing. Bitcoin forever!

[jokerlu]

In this market many millions of dollars a day are moved, not only in the excchanges also in localbitcoin millions are moved in a day, I do not believe that its value goes down to such an extreme, I just know that December are the good medes of bitcoin and insurance this December will have a good rise is just a matter of taking advantage of the curve.

[pooya87]

By the most logical thinking:
•  There's strong evidence that the late 2017 spike in Bitcoin value was due to manipulation via Tether.

you made an statement in the first line which you immediately discredit in the next line

Look at BC charts for the past 6 months. 

no, look at the charts for the past 9 years. this kind of ups and downs is the most common thing in bitcoin and tether has only been around for a tiny portion of that time.

It's very easy to imagine the average value continuing to decay down to $400 in 12-18 months.

if you let your imagination go wild then you can imagine anything. you can also easily imagine aliens attack

Unfortunately, there seems to be no reliable way to buy a put on BC for that time-frame, or I would.

then why did you place buy orders at $6100, $6000 and $5900?!!!

[thecodebear]

By the most logical thinking:

•  There's strong evidence that the late 2017 spike in Bitcoin value was due to manipulation via Tether.

•  IF that is so, then that entire episode actually means nothing, and...

•  Bitcoin etc values will decay back to their historical levels prior to pump & dump.

•  This will be slow because interim buyers won't want to take the losses.

Look at BC charts for the past 6 months.  It's very easy to imagine the average value continuing to decay down to $400 in 12-18 months.  And that's what makes sense - at least, more sense than anything else.

A few brilliant traders will make money getting in and out during the decline, but all the other players here are just rearranging deck chairs on the Titanic.  The only "charting" you need is the big picture here.

Unfortunately, there seems to be no reliable way to buy a put on BC for that time-frame, or I would.

You're putting wayyyyyy too much faith in that one study that said 2017 was due to price manipulation. There was also a study that came out maybe half a year ago or so that said 2013 was also due to price manipulation...and yet the price went 20x higher sooooo, basically these so called studies are complete BS.

Looking at the BTC charts for the past 6 months says anything but the price is going to $400 in 12-18 months. ha, that is pure crazy talk. It has failed to break down significantly below 6000 3 times over the past 6 months and yet you see it going to less than 10% of that price?!?! That is some bizarre prediction. What the past 6 months really show is a bottom of the market at $6000, and the next boom likely coming in the next 12-18 months in which the Bitcoin price will be targeting $50k-$100k most likely.

[Vistacoin]

I don't agree with you. I think the price of BTC will be up in the future. Compared with the previous years, the price of BTC has increased a lot.

[Tyr808]

By the most logical thinking:

•  There's strong evidence that the late 2017 spike in Bitcoin value was due to manipulation via Tether.

•  IF that is so, then that entire episode actually means nothing, and...

•  Bitcoin etc values will decay back to their historical levels prior to pump & dump.

•  This will be slow because interim buyers won't want to take the losses.

Look at BC charts for the past 6 months.  It's very easy to imagine the average value continuing to decay down to $400 in 12-18 months.  And that's what makes sense - at least, more sense than anything else.

A few brilliant traders will make money getting in and out during the decline, but all the other players here are just rearranging deck chairs on the Titanic.  The only "charting" you need is the big picture here.

Unfortunately, there seems to be no reliable way to buy a put on BC for that time-frame, or I would.

Wrong thinking. What has been tethered has pumped the price, and this is irreversible. Price has dropped  for other reasons and thus might (will) go up again.

[ajqjjj]

Bitcoin is always bright because every year some fluctuation is happen in the market. But again and again this will raise in constantly so we do not think negatively bitcoin is never down in future but dump and pump is possible in every year. I think year too much dump was occur so this month we should expect some good results.

[1Referee]

It's funny how people are trying to stand up as if they know everything; where were you before all this started? You were probably one of the plenty enjoying the ride up, and now you got burned, you act all bitter. These cycles come and go and are impossible to time and impossible to figure out what exactly caused them, other than the obvious.

In the end all these gigantic pumps are equal to each other, and empty of nature, which has been proven year on year with how the market corrects. Another thing that has been proven year on year is the fact that all time highs do get broken through, and in this case things aren't different. Go with the flow and stop constantly trying to understand something that won't and can't ever be understood.

Tether and the futures markets will get blamed for all (up and down) movements from now on. Is that fair? No, but people are too ignorant to look beyond what's right in their face.

[ngusmin]

By the most logical thinking:

•  There's strong evidence that the late 2017 spike in Bitcoin value was due to manipulation via Tether.

•  IF that is so, then that entire episode actually means nothing, and...

•  Bitcoin etc values will decay back to their historical levels prior to pump & dump.

•  This will be slow because interim buyers won't want to take the losses.

Look at BC charts for the past 6 months.  It's very easy to imagine the average value continuing to decay down to $400 in 12-18 months.  And that's what makes sense - at least, more sense than anything else.

A few brilliant traders will make money getting in and out during the decline, but all the other players here are just rearranging deck chairs on the Titanic.  The only "charting" you need is the big picture here.

Unfortunately, there seems to be no reliable way to buy a put on BC for that time-frame, or I would.

No one knows the future of bitcoin, and I think you're too quick to make the bitcoin theory fall in the future, but it looks like your theory is based on your own panic.