Peak get lower and lower, and dips get worse

[Al Wahhaab]

just wait ... remember all this is a wheel ... and it will spin. so we just look forward to bitcoin back up

[1714717978]

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[erikoy]

Maybe it could bounce back a little but not that high for there will be a possibility that cryptocurrency will going to  go back to normal again. We should look closely on the crypto market price for us to witness the possible increase of market and will going to earn also on it.

[Rooster101]

Bitcoin started lower than the present price last year then goes on to reach the all-time high of almost $20k last december so it is for the top coin to go down this present level. It is a cycle that every cryptocurrency can't avoid because of volatility. I instead look forward to long term growth because bitcoin has its ability to bounce back after a longer time.

[blackandwhite89]

The price of the bitcoin is dropping slowly compared to the highest peak of the last year. It does not mean that that BTC is being wiped out. With the development and low transaction cost, I guess, it will stabilize its value.

[jackpot888]

More people are trying to get their investment out of the BTC and this is causing the dip getting worse. But there are people as well who use bitcoin in different transactional purpose. With proper utilization, BTC might regain its price.

[Gozmoc]

Is that why people are panicking a lot?  The panic is even contributing to the dip.
I am very sure that it would marvel every one that is panicking and spreading negative vibes.

[Camster]

I think they are painting the tape so to speak so I would not worry about the price.  The manipulators are going to do this until they have their bags full.  We are just along for the ride.  Don't let them trick you with chart magic. 

[innocentlamb]

Peak - 16 Dec: 20.000$

Dip - 30 Dec: 12.600$

Peak - 6 Jan: 17.100$

Dip - 5 Feb: 6.900$

Peak - 4 Mar: 11.500$

Dip - 7 Apr: 6.600$

Peak - 5 May: 9.800$

Dip - 28 Jun: 5.800$

Peak - 24 Jul: 8.400$

Now we are at 6.200 going down to the next even deeper dip

This is the long and slow death of Bitcoin as there are not really anyone new who wants to use it (let's face it, there is no use at all, only "investment"), and as current Bitcoin-believers are slowly becoming fewer and fewer, the price will continue this long slow death-spiral

You're forgetting about all the whales manipulating this market  and trust me, the moment you decide to quit crypto "forever" because of this bearish trend, it will start booming like crazy. This is exactly what happens in the crypto and stocks world.

Don't forget the famous Rotschild quote: "the time to buy is when there's blood in the streets." 

[KonstantinosM]

There's no point in replying to OP anymore - he's gone. He's spread his FUD for now and won't be back again for a month or so when we wants to spread some more. Dont waste your time.

I'll just archive this in the wayback machine. I get the feeling that this guy will come back and FUD some more. When he does, we'll be able to pull unedited FUD straight from the source.

5 years from now, when bitcoin drops from 40k to 20k, we will be hearing the same arguments...

[supremacy10]

Second wave of altcoin bleeding will start soon be prepared for 225 dollar ether...bad satoshi losses for most altcoin coming up , time to fill my bag

[iSparta]

You have to analyze the prices from 2013, in order to have a real understanding what is happening. For 5 years there has been a slow rise in the price of BTC. In 2013, it fell 10 times from 1000 to 100 dollars. I hope this year there will not be such a fall.

[bloodyvio]

hopefully after the ETF proposal is approved, crypto market enters the bullish again
bitcoin has been bleeding so far
if the ETF proposal is rejected then i'm sure bitcoin will fall close to the level of 3k or even less

[euronine897]

Of course the believers are becoming lower day by day except most experienced traders others are trying to seek even little price increase to sell there Bitcoins and get out from the market but easily we can argue that Bitcoin won't continue at this price range forever t will definitely increase but it might take some time so like always experienced traders will gain the best profit   

[ClintonJ]

"
In bitcoin the peak is lower and lower it isnot used in the investment because of its less value investor lost their interest in it. The situation of dip is very bad than peak .It will be a good idea if this peak and dip can be avoid.
"

[Seunbabatunde]

I must tell you the truth bitcoins is getting out from the market but easily we can argue that Bitcoin won't continue at this price range forever it will definitely increase but it might take some time so like always experienced traders will gain the best profit.

[ellehcar]

...and as current Bitcoin-believers are slowly becoming fewer and fewer...

Yeah, you are right that many bitcoin believers got dismayed about the severe crash in the market, resulting to panic mode. But isn't this the trend over the years? Whenever bitcoin's price falls, people would panic to sell, but when bitcoin's value wells up, they would even buy back at the top. Following this cycle, many failed to learn the lessons of history, and they are the ones doomed to repeat it. There's no telling how far this downtrend will go, but one thing is for sure: cryptocurrency is poised to transform the financial-market landscape. This dip is more of a sign of a shift in the concept of money than that of a collapse. It's just that it really takes long for less-developed technology like bitcoin to feel the effects, but this will happen pretty soon.

[tunapa]

Peak - 16 Dec: 20.000$

Dip - 30 Dec: 12.600$

Peak - 6 Jan: 17.100$

Dip - 5 Feb: 6.900$

Peak - 4 Mar: 11.500$

Dip - 7 Apr: 6.600$

Peak - 5 May: 9.800$

Dip - 28 Jun: 5.800$

Peak - 24 Jul: 8.400$

Now we are at 6.200 going down to the next even deeper dip

This is the long and slow death of Bitcoin as there are not really anyone new who wants to use it (let's face it, there is no use at all, only "investment"), and as current Bitcoin-believers are slowly becoming fewer and fewer, the price will continue this long slow death-spiral

This is what we have been experiencing in cryptocurrency this year. It has been ups and downs and downs are getting more than ups. Three steps down, one step up. Its true that some sudden investors are leaving because  they are afraid of getting down the more. This has to stop for new money to enter the market, for this to happen an assurance news needs to be released for a bullish trend to start.

[Ricky.Libertarian]

There's a correction after the big rush of last year.

It could go lower, perhaps to 3000.

It's a matter of patience. Bitcoin is the solution to fiat money printing. More and more countries are printing money, causing inflation and devaluation.

On the long term, Bitcoin will rise again.

[freightjoe]

There's a correction after the big rush of last year.

It could go lower, perhaps to 3000.

It's a matter of patience. Bitcoin is the solution to fiat money printing. More and more countries are printing money, causing inflation and devaluation.

It is not a solution - it would be poison for the economy. A limited amount of inflation (not extreme like Venezuela) is good an economy and the citizens. Zero or negative inflation causes recessions and makes people poorer over time.

Many people in here seem to not understand the purpose of a little inflation.

https://www.thebalance.com/why-is-inflation-good-4065995

[AAKODI]

Even Bitcoin prices got lower and lower by the day we see a tendency that the prices are increasing even in a slow rate this is happening because most positive things are happening these days that will effect for the betterment of the Bitcoin so even Bitcoin has went deeper in price at the moment the future will be much different than today and it's price will rise than any other asset in the world making more millionaires and billionaires than it did last time