Bitcoin's future is DOWN

[nisya]

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.

I think the fall of bitcoin at this time can not be a reason for falling bitcoin in the future. All depends on the market, and more likely the market will change and in the future bitcoin will be able to increase high.

I agree with you because bitcoin will always go down and up in every time and if bitcoin price is down too deep then maybe there is any bad news that comes out so it makes people become panic. or the whales selling their bitcoin in a big amount so it makes the price to get down too deep. everything can happen in the crypto and only people which are ready for the worst thing that can survive and they can buy another amount of bitcoin so they can wait for a while and sell at the higher price.

[DaughterOFbitcoin]

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.

Cryptocurrency and blockchain technology are here to stay and thats the future, there are many coins created and will be created but the ones which are of  value to the people ,the ones which serve some particular purpose are used and will continue  to be used and thats BITCOIN.

I don’t believe in predictions because the future is hidden and almost all predictions become false. The facts are against them. I just believe in reality. If we look at the market today it is green and the price is on the move. If this move continues for some time the price will be more than $10000 in the near future. I can say that bitcoin is not doing but growing.

[balamuda]

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.

Don't panic, bitcoin will not forever fall low, bitcoin still has a chance to increase. Bitcoin is not a weak coin that falls and has no value, but bitcoin is a potential coin and will rise higher. Believe it or not on bitcoin is up to you, and for me still believe bitcoin will increase in the future.

[Spend.com]

I for sure don't look at it that way. There's long term value in Bitcoin just from the adoption perspective.

[hacekd]

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.

Among the factors driving Bitcoin prices up, there is an element of recognition from a stronger economy. Hence, the opposite is true, ie, the price of Bitcoin falls if a stronger economy oppose and prohibit its use.

[onrise]

I for sure don't look at it that way. There's long term value in Bitcoin just from the adoption perspective.

The adoption rate would be very high and thus in coming time you will see that btc price will rise due to increase in demand. Also many altcoin would proper as btc price would be costly and not every could buy it so this will give rise to many new altcoin.

[josgandosbro]

I'm not sure it's because I think people who use bitcoin will be more and more and that will be the reason that prices will increase and make all its profit. support factors that will answer the future of bitcoin. if bitcoin is not used and nobody invests then bitcoin will run out.

[richardsNY]

Among the factors driving Bitcoin prices up, there is an element of recognition from a stronger economy. Hence, the opposite is true, ie, the price of Bitcoin falls if a stronger economy oppose and prohibit its use.

Going against the flow is something that will make you lose out as country, which they more and more start to understand and for that reason try to set up a matching regulatory framework. Not every country does the same as China, where we also have to look at one major fact, which is that nearly everything China ends up banning, grows out to become a leading factor in the world. Google, Facebook, Twitter, Instagram, etc. They all have done exceptionally well and so will Bitcoin. Every country will realize that 'respectfully' regulating Bitcoin has way more effect than banning it in whatever form. Banning something that can't be banned is stupid....

[berfanaf]

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.

In my own opinion, no matter how the market drop its prices, cryptocurrnecy will still be able to recover because there are still a lot of people who are interested on investing.

Absolutely right, bitcoin future is very bright and it will be the mainstream in the future. It will take over the market. Thousands of people have made and are making huge profits from bitcoin. It is bubble, it will crash, it will disappear from the market and so and so but the fact is that bitcoin will stay forever and will the regular currency for the entire world.

[davinchi]

Going long term on Bitcoin will outperform going long term on mutual funds or any other conventional investment of choice.

Source?  For 'will outperform' (not 'has outperformed') of course...  lots of fuzzy thinking on this forum.

How much money are you willing to bet that Bitcoin will go back to $400 next year?

I didn't say $400 next year.  I said it's heading for $400 in 18 months.  Maybe two years.  Maybe $600 or even $800.  Look at the curve - it shows the main idea:  down, down, down.   Feel free to replace my guesswork with your guesswork on the details.  I'm just trying to point out the big picture implications of what we now know.

https://imgur.com/a/QTYOQyL

If I could reliably buy a put on BC for 18 months out, I'd put $50K or $100K into it.  I'd probably price it at $800 to have some margin.  The profit would still be huge.  However, not only do I know nothing about such maneuvers, others have looked into it and say it's impractical.  A Forbes writer did a detailed piece on that several years ago, pointing out some hidden gotchas with crypto.  Can't find the link now but it certainly put me off.

How much money are you willing to bet that your mutual funds will outperform Bitcoin?

Actually, I'm betting all my money that the mutual funds will do better.  Over the next 18 months I expect the market to return a 15% profit, not an 90% loss.  And as I noted earlier, my money won't be outright stolen, and I won't be cheated.  Those are huge benefits.  And I sleep well at night.

I understand that you consider actively betting that you are right by not holding any bitcoins and by putting your money in mutual funds, but that's not how it works.

In order to put your money where your mouth is, you have to bet against someone here that your prediction will be right. So are you willing to bet money in your prediction? 18 months from now, $800 or lower (you initially said $400 but you are raising now to double that... okay). Bitbet can be used to automate the 18 month countdown. Im sure you can find some rich guys in this forum willing to take the bet and make a lot of money on you being right and us being wrong. Are you down?

I disagree as we are discussing on the thread about the down future of Bitcoin which is totally irrelevant because if the Bitcoin had to die or to finish the game then it would happened before and it will not make any progress in situations it is.

The future is well explaining by its average data which is on the increase trend reflecting its success with the passage of time. the current situations are not permanent and we have seen downfalls like this many times in the past so it recovered again and will recover this time.

[nightways]

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.

Among the factors driving Bitcoin prices up, there is an element of recognition from a stronger economy. Hence, the opposite is true, ie, the price of Bitcoin falls if a stronger economy oppose and prohibit its use.

Manipulation is a big problem for the growth of bitcoin because those who understand market manipulation will never invest their money in bitcoin because they will not earn money and will waste their time and money. It is better not to invest in bitcoin. I am optimistic about the future of bitcoin and I will make huge profits due to increase in the price.

[vionas]

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.

I do not believe in your prediction, your prediction is only based on panic. I further believe bitcoin will have a brighter future and could rise higher.

[Fideend]

Predicting the future from best practice service for clients.

https://txstreet.com/

 

I don’t think so, the future of bitcoin is not downing but against it. Now the world is turning towards digital currency and are putting their money in cryptocurrency, it means that the future of bitcoin is bright and don’t worry about the current situation of the market. Up and down is part of the game and I hope that we will win this game with huge margins.

[Nila soru]

I for sure don't look at it that way. There's long term value in Bitcoin just from the adoption perspective.

The price of bitcoin is increasing day by day and this is just false news that the future of bitcoin is down? Have you any information or you manipulate the price? if there is nothing like this then don’t mislead new investors and let them put their money in bitcoin to earn profits in the future. The price is on the way up and the market is now green.

[nyerok]

We still didn't about the price of bitcoin in the future. The price of bitcoin is increasing day by day, but now the price is on the way up and the market is now green. And i wish bitcoin going up like legit in the future

[ausbit]

I for sure don't look at it that way. There's long term value in Bitcoin just from the adoption perspective.

Of course and in my opinion, one cannot predict the future because of the uncertainties. The present and the past data can help you to predict the future up to some extent but you cannot rely completely on that.

Besides, since the available Bitcoin is limited and we have only a small portion left, the demand will be very high because rare assets are always expensive and the rise in the value will rather happen to continue so in my opinion, the future will not be down and to meet the rising demand, there might be some increase in the number of Bitcoin available as well.

[BitcoinCommodor]

•  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.

When prices start to look down sharply, there will be panic selling action that trigger a deeper price correction again. Nevertheless, the digital money that survives will gain an unprecedented growth

We all want a better and high market value but do not act to contribute to the market in its rise which is our biggest failure and not of the Bitcoin. Now if big whales sold out the Bitcoin which is the reason for downfall and it is true that selling with a lot of coins decrease the value. Solution of the market to go in upward direction is to invest more and more in this market so as to stand in a high market.

[sidhujag]

•  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.

When prices start to look down sharply, there will be panic selling action that trigger a deeper price correction again. Nevertheless, the digital money that survives will gain an unprecedented growth

We all want a better and high market value but do not act to contribute to the market in its rise which is our biggest failure and not of the Bitcoin. Now if big whales sold out the Bitcoin which is the reason for downfall and it is true that selling with a lot of coins decrease the value. Solution of the market to go in upward direction is to invest more and more in this market so as to stand in a high market.

umm thats how a market works. whales dont ever cash out.. think what happens when they feel they may miss out.. up we go

[nisya]

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.

I do not believe in your prediction, your prediction is only based on panic. I further believe bitcoin will have a brighter future and could rise higher.

I hope that we don't have to panic to know this because this is the only prediction that could be wrong. bitcoin in future will always up and down and will always change in anytime so you need to control your emotion to not become panic. and if you think that you cannot control your emotion then maybe you need to break for a while to get a rest.

[Yokoyoki]

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.

I'm more sure bitcoin will have a bright future and bitcoin values will be better. Bitcoin is the most popular and can grow taller, I'm sure it will happen.