This is not the end of bitcoin

[antisocial77]

what the heck.who is dying? if it is true, can anyone tell me how many times gold, usd, euro has died? nothnig is died dude, its too loved to die.

[kkaroul4]

being the king of all cryptos. bitcoin will continue to live in the digital market. Strong community and many of the users believe in bitcoin.

absolutely right and I am sure that bitcoin is still a long way to go and bitcoin also has a bright future too, because as the year increases bitcoin more and more enthusiasts come to get a good income, because bitcoin is a very promising asset so far

[bering]

And again that if bitcoin price dropped then the particular people will starting to spread FUD and makes people panic but sometimes i was wondering for those who involved in bitcoin why if bitcoin price down then they says it is time to quit because bitcoin will die but why they cannot utilize this conditions to buy more and i think bitcoin won't die easily

[Jating]

And again that if bitcoin price dropped then the particular people will starting to spread FUD and makes people panic but sometimes i was wondering for those who involved in bitcoin why if bitcoin price down then they says it is time to quit because bitcoin will die but why they cannot utilize this conditions to buy more and i think bitcoin won't die easily

Exactly, I even noticed one account who totally shilled against bitcoin being quite for sometime and then suddenly came out because the price seems to be falling really hard. Lmao. It just shows that those who spread FUD hibernates when their tactics doesn't work and will go back once their is a panic. Be careful with those kind of people.

Of course common sense will tell us that its not the end of bitcoin and as per the chart, we have been in this kind of situations and bitcoin is so resilient that it has the ability to bounce back after just a couple of days. So there's no need to worry at this point and let is simmer down after the Bitcoin Cash fork.

[kagawawa]

Recently, I have been seeing a small spike in the number of posts about bitcoin prices. Most of them seem to be out of fear bitcoins end.

But I think bitcoin will survive. Here is why I think so.

First let's take a quick look at the price charts.

Now the prices for BTC is depicted for a day. Seems like BTC is falling fast right?

Now let's look at another image.

Now this is the price chart of BTC for a month. Doesn't look that great does it. I mean the prices were volatile and seem to now be falling.

Lets take a look a the last image.

In this image can you spot the fall that easily?
Not really. It does look highly volatile. But then the prices seems to be stabilizing. The spikes seem to be reducing and there seems to be consistency.
The thing is we have looked at bitcoin up close and that's why we say things like:

Bitcoin prices are falling

Bitcoin down by 20%

Is this the end for Bitcoin


But when we start looking at the bigger picture. We can see that bitcoin has come a long way and the price chart if seen up close might show a trend towards the end. But sometimes the bigger picture needs to be seen. Don't panic bitcoin still has a lot left. It will keep fighting.

If not the price chart. Think about the fact that countries like the US and India have noticed bitcoin and other cryptocurrencies and have planned to provide a verdict. I will admit that it has been delayed but the mere fact that the SEC in the US and the Supreme court in India are providing a verdict means bitcoin might just be a step closer to becoming a global currency.
At least it keeps the Hope alive.

This is just my opinion. I would really like to know about yours.
If I am wrong please prove it to me.
I am always happy to learn more.

Picture source: https://coinmarketcap.com/currencies/bitcoin/

I also think as you. Every time Bitcoin drops then it tends to increase again.Therefore, Bitcoin goes down at this moment it is a sign that Bitcoin will increase in the future.Therefore Bitcoin will not end. we can trust these statements.

[Coinraptor]

This is not new in the crypto market the price of bitcoin is down so it doesn't mean bitcoin is going to end. This is a nature of falling price of bitcoin and there is a proof bitcoin may turn out within very short time. so do not worry bitcoin will die but it can turn back a new record of price.

[Harlot]

People who really panic during these times are the ones who really don't know what they are doing, they will start to question themselves and then they will start to question others on what went wrong or is there any hope yet. Just like what you have said this people are looking for the short term of things and they haven't seen the bigger picture yet. They did't see the bigger picture yet that is why as soon as they see their portfolio go red they will start to don't believe on what they are holding. Crypto trading is really not for the weak as you are like blaming others for your own fault.

[ratatat bangbang]

Yes it is not the end of bitcoin. We all know that the price of bitcoin is not stable. Those who overeact and panic are those who don't have idea or do not have the full knowledge.

[greeklogos]

Really really nice thread and examples. You are totally right, people usually do not see the whole picture, but only a part of it, about which everybody is talking about as usual. In the current case it's bitcoin's fall from 20k to 6k which we could see this year.

[chalbinov]

Bitcoin will never die overnight, it will still have users. In my opinion, no need to worry about these regular fluctuations of the prices. Bitcoin is still in it's infancy and has a long road ahead of it.

[M4NDELL]

It seems to me that many people started talking about the possible death of Bitcoin, not because the rate dropped sharply, but because it did not meet their expectations. Let's be honest, it seemed to us that Bitcoin would repeat the jump of last year, and now we see that this most likely will not happen, so we fall into pessimism.

[dewi91]

Yes this is not the end for bitcoin and I think there's no reason of people thinking bitcoin Will die easily because bitcoin still became the king of crypto until now and there's no altcoin can overtake its place. We should not worry about the price because someday bitcoin will reach highest value again.

[Oniko]

Bitcoin failed very far. I think in 2019, several cryptocurrencies will be able to move Bitcoin from the first place at coinmarketcap.com

I think the first places will be taken by Ethereum and bitcoin abc

[jimbo2000]

The price of bitcoin is almost irrelevant in its success and usefulness. All it does is serve as an indicator of how successful bitcoin is but that's all. If Satoshi's true vision was reached then it wouldn't matter if bitcoin was worth $1 or $100m dollars because no one would be using dollars.

[btcluisdiki]

I definitely agree with OP's btc chart analysis and in my opinion, the current dip is simply just a normal correction  of the btc market and nothing to worry much. Btc market is still a good currency for investment and let this dip be an opportunity in buying btc at a much lower price. In the coming months, btc will recover from this temporary adjustment and investors will soon appreciate the expected pump in the coming months. Don't worry too much as there is no need to worry since Dew being volatile is just a part of the market movement. 

[AimHigh]

Yes this is nice thought. Bitcoin will never died if we are looking backward the past value of bitcoin yes they have big different but bitcoin also start of a low value and if we can see bitcoin now was falling but don't lose hope because bitcoin will never died but it surviving and waiting for the many investors coming just be patient and promote bitcoin for the many investors.

[hubballi]

It is true that Bitcoin market some times crash like this but it also recovers, this is just a short term correction and in this correction panic sellers are making it to fall more down but still Bitcoin have been holding the resistance price so in next week we can see price moving back to $6000+ price.

[KenChanYu]

Yes this is nice thought. Bitcoin will never died if we are looking backward the past value of bitcoin yes they have big different but bitcoin also start of a low value and if we can see bitcoin now was falling but don't lose hope because bitcoin will never died but it surviving and waiting for the many investors coming just be patient and promote bitcoin for the many investors.

 Precisely, bitcoin is a great viable asset among all currencies and many investor resemble this asset and always keeping it despite of the current bearishness. Some of us create a negatve FUD to disregard bitcoin to not be invested by a newly investors. But still pleasure to hear some of us are always keeping bitcoin and raise it highly with our support and with positiveness. And I always keep in my prospectus that bitcoin will still exist in the crypto world, only us can make it through.

[hadveach]

yes, bitcoin today created a down chart, it was the same event a few months ago, in a bearish condition, the bitcoin will not last long in a low value.

and this chart convinced me, this year's bitcoin will not reach more than $ 10000.

[Wowcoin]

Yes its not the end of bitcoin because bitcoin price is not stable it will be down and up so thats not new to all of us. Once you enter bitcoin world expect that price of bitcoin can goes down and up so the better we do now is to wait for the right time.