Bitcoin's future is DOWN

[Anismanja6]

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 further believe bitcoin will grow and increase in value. Your way of thinking is too negative about bitcoin, and your theory will not happen in the future.

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[omonuyak]

This is serious and I am beginning to think either to continue holding or sell off.  The rate at which bitcoin do go down is higher than the rate it go up for the past 6 months.  It seems the market is being controlled by those that wish to pull it down.  The best thing to do is to watch and be careful on how we invest now.

[spartanrules]

I also think that Bitcoin will fall down. But in my opinion it will fall to 1,2 - 3K$ by middle of September. Then it will slowly recovery to the current prices and start full rising in the beginning of spring in the next year.

[richardsNY]

This is serious and I am beginning to think either to continue holding or sell off.  The rate at which bitcoin do go down is higher than the rate it go up for the past 6 months.  It seems the market is being controlled by those that wish to pull it down.  The best thing to do is to watch and be careful on how we invest now.

Please sell off, so we are free from another impatient imbecile. If you can't understand that what goes up quick comes down quick, you shouldn't be here. Nothing justified the price to go up that high and to stay high -- the healthy correction took us back to levels where the price is much easier to maintain. Most of the downward pressure is gone, and in case we go down further it will be a minor decline from this point. It makes no sense to sell now because you are too late. Smart people buy at current levels, dumbos sell -- in case of the latter they will regret it and buy back at much higher levels. It's called capital destruction.

[NereuFajardo]

So bitcoin is dead only because there was a crash on the market? came on my friend, the end has not come to an end, we are going to see a lot of downsides on the near future, you need to be more than used to see this kind of stuff in here

[figmentofmyass]

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.

you realize this all equally applies to the mt gox willy bot?

the fact of the matter is that real demand existed at bubble prices. real buyers were buying at $10k-$20k (and they are suffering for it now). you can't possibly attribute all demand for BTC to price manipulation. that's crazy. it has applicable use cases now, and many people (myself included) are betting on its success (with our real money) regardless of whether the 2017 bubble even happened.

[bitcoin31]

Future of the bitcoin have big chance to recover. If you think bitcoin future is down or no possible to recover again better if you quiet because many people if they see this thread are panic like the newbie. More people until now like millions of people still investing to bitcoin.

[Predict0r]

Here's all you need to know.  It's on the way back to where it came from.  You can watch from the sidelines or ride it down.

https://imgur.com/a/QTYOQyL

[Getmon]

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.

By the most logical thinking as well:

1. If you take a look at the biggest picture, you are clearly presented with a pattern that shows nothing but a consistent growth of Bitcoin.

2. If there is a strong evidence that shows manipulation in the 2017 price surge via Tether, you are not showing even a little of it.

3. Bitcoin is obviously not a pump and dump coin. Come to your senses, if it is hard to pump and dump a certain coin worth millions in USD, it is impossible to pump and dump a coin which is worth more than a hundred billion.

I hope you walk the talk. Let us see who will regret the biggest at the end of the day.

[pinoyden]

Future of the bitcoin have big chance to recover. If you think bitcoin future is down or no possible to recover again better if you quiet because many people if they see this thread are panic like the newbie. More people until now like millions of people still investing to bitcoin.

sure the value of bitcoin can always recover because people will obviously buy it if they see a big oppurtunity such as dips or major crashes . it is also normal for bitcoin to go down or up due to the demand that it recieves from the masses .

If you think bitcoin future is down or no possible to recover again better if you quiet because many people if they see this thread are panic like the newbie.

lol. no one will  get panic just because of this . anyone even newbies  thesedays are now knowlledgeable about the characteristics of bitcoin , which means they are already aware about the price changes .

everyone of us is expecting that bitcoin futures will be bright because the adoption of it are still spreading like a wildfire .

[Bluefel]

Bitcoin is the best coin.I think bitcoin's growth will be better in the future.The price of bitcoin is currently down in the market.But I think it will cross $23000 by the end of the year.I believe Bitcoin will grow in the future.

[anisoptera]

i dont understand why you are trying to create this huge amount of fud ,the market is on a good condition at the moment , and everything seems to go up ,so there is nothing to be worried about at the moment, just buy as many bitcoins as you can afford

[lablab03]

I also think that Bitcoin will fall down. But in my opinion it will fall to 1,2 - 3K$ by middle of September. Then it will slowly recovery to the current prices and start full rising in the beginning of spring in the next year.

for me on this mid it will increase gradually and reach 9k again but it will decrease again as well as a correction of growth rate which is after the correction it will  to jump back to the current price  and will increase more gradually until November IMO.  

[Eleven86]

No the future of bitcoin will be more bright, dont judge the future with current situation.The fall and rise are common in the market, the price would low till yesterday. But today there is a little change, the price of bitcoin increase slightly. Normally in the middle of the year the price starts to increase. Likewise this year also happens, today the market is in green and value increase little. I think slowly the market will recover little by little the price starts to increase and by the end of this year it will show its tremendous growth.

[Predict0r]

Here's all you need to know.  It's on the way back to where it came from.  You can watch from the sidelines or ride it down.

https://imgur.com/a/QTYOQyL

This site is a social scientist's dream.  Ten PhDs could be written on the "bro" investment culture, groupthink, and general simple-mindedness.  95% of the responses to my prediction are "NO - ya gotta have faith!!"; "All markets go up and down"; "Think long-term"; and "We are the strong, and we believe".

The "long-term" heroes actually jumped in to get rich quick.  When that didn't happen, and faced with losing half their money, they are now prophets of HODL.  If the price ever does rise to where they got in, they'll sell, sell, sell.  That's a huge barrier to any advance.

But all that doesn't matter.  Bitcoin is GOING DOWN.  Back to around $400, as it was for so long.  That's apparently the real value to folks making non-standard financial transactions, primarily criminals.

Again, look at the chart in the link.  With what we know now, it's obvious that the price was manipulated, you were cheated, and if you hang on you'll lose more.

I'll be back in 18 months to say "Told ya so".  But I hope you're all out long before then.


EDIT:  For the record, I have no crypto coin.  All my money is in mutual funds.  Still risky but has done well AND you don't get cheated.  Sell your BC and buy something sensible like that.  You can still be a "playah".

[kendedese]

so I have to sell all the bitcoin I have before the price drops to $ 400? it's very funny, while you yourself will buy bitcoin.

[Diablomania]

Why do you think that the end is here? the price is just suffering by a little bit but it has already started to go up, i dont understand why it should be something bad to all of us. Indeed, it is good if you want to keep investing even more.

[Predict0r]

so I have to sell all the bitcoin I have before the price drops to $ 400? it's very funny, while you yourself will buy bitcoin.

Yes, that's exactly what you should do.  Sell now.

No, I won't be buying any crypto.   No fundamental value or backing, and way too easy to be cheated.

[Predict0r]

"Dude use a logarithmic scale so you can see more clearly what is going on"

Dude, the only reason for log scales or any other charting shenanigans is trying to find some reason to hope.  Like I said in the OP - you're just rearranging deck chairs on the Titanic.  You're missing the forest for the trees.  Stand back and look at the big picture, which is very clear:  It's going down.  Of course it will jump around on the way down, but that won't change the overall trend.

https://imgur.com/a/QTYOQyL


[And - how do you post pictures right in the message like that?]

[cellard]

Here's all you need to know.  It's on the way back to where it came from.  You can watch from the sidelines or ride it down.

This site is a social scientist's dream.  Ten PhDs could be written on the "bro" investment culture, groupthink, and general simple-mindedness.  95% of the responses to my prediction are "NO - ya gotta have faith!!"; "All markets go up and down"; "Think long-term"; and "We are the strong, and we believe".

The "long-term" heroes actually jumped in to get rich quick.  When that didn't happen, and faced with losing half their money, they are now prophets of HODL.  If the price ever does rise to where they got in, they'll sell, sell, sell.  That's a huge barrier to any advance.

But all that doesn't matter.  Bitcoin is GOING DOWN.  Back to around $400, as it was for so long.  That's apparently the real value to folks making non-standard financial transactions, primarily criminals.

Again, look at the chart in the link.  With what we know now, it's obvious that the price was manipulated, you were cheated, and if you hang on you'll lose more.

I'll be back in 18 months to say "Told ya so".  But I hope you're all out long before then.


EDIT:  For the record, I have no crypto coin.  All my money is in mutual funds.  Still risky but has done well AND you don't get cheated.  Sell your BC and buy something sensible like that.  You can still be a "playah".

Using a non-ranked alt-account to make an outlandish bear prediction in order to not face defeat when said prediction doesn't happen and we go to all time highs.

I have seen this one before. Kwukduck is that you again?

Sorry, but there is too much demand for Bitcoin, there's no way it's going to $400, because there will be a lot of people buying at higher prices. Anything below $5000 is a steal, anything below $1500 is a once in a lifetime opportunity. Have fun with your mutual funds, you may finally be rich by age 100.

"Dude use a logarithmic scale so you can see more clearly what is going on"

Dude, the only reason for log scales or any other charting shenanigans is trying to find some reason to hope.  Like I said in the OP - you're just rearranging deck chairs on the Titanic.  You're missing the forest for the trees.  Stand back and look at the big picture, which is very clear:  It's going down.  Of course it will jump around on the way down, but that won't change the overall trend.

https://imgur.com/a/QTYOQyL


[And - how do you post pictures right in the message like that?]

You can't post pictures with your newly created alt-account.