This is not the end of bitcoin

[BIPBot]

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/

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[piepie.asean]

The final cause and also the most obvious cause but Bitcoin price dropped the most, this is the psychological sell off from investors. Young trader and inexperienced trader easily fall into panic when the market shows signs of decline, followed by a wave of selling off and the situation becomes worse.

[BuyBuyBitcoin]

Even if it hit $100, they're would be buyers. No need to worry about the price addicts.

[Magkirap]

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/

it seems that the market are in bad situation because of the red or falling down price. Even the top solid coins are in red situation and I guess it is not the end of bitcoin even of top solid cryptocurrency. It will never be the end and I think we can bear it and we will overcome this bad situation.

[FallenBtcAngel]

That's far from the end - that's just the beginning!

[velive08]

bitcoin won't end that easily, it's just a graph to see the increase in bitcoin in the future. so this is not the end of bitcoin believe me and stay in bitcoin.

[Gozie51]

This is just another push down the lane. I think why the so much shout is because the coin was expected to rise because of the season we are. Thus, the drop is momentarily for now .

[FallenBtcAngel]

This is just another push down the lane. I think why the so much shout is because the coin was expected to rise because of the season we are. Thus, the drop is momentarily for now .

Yeah, it seems seasonality isn't an argument. According to seasonality, alts may start a bull run if btc finds a stable price, but that's hasn't happened so far. I was expected alt season to start these months, but at the moment this doesn't happen. Hope to see alts growing soon, as many of them already lost more than 90% from ath.

[Asawakobana2017]

I still remember the price of bitcoin last 2016. The price today is really big than the price on that said year. So we don't rely need to be afraid, even if the bitcoin is really on the huge dip it is still gave a great price. Maybe we only need to hold to avoid lossing because i believe that after this dip a new history of crypto may come on this crypto history.

[TheUltraElite]

In my opinion the BCH forking what lead to some FUD in the community started the initial dump. This like always pushed panic selling into action. Reason being bitcoin stable for some months made some weak hands drop their coins. They possibly had bought previously this year when bitcoin was still in the buzz but sadly luck was not on their side and when the FUD hit, it hit them hard.

They started selling causing the 10% dump. This does not mean its the end, I have seen this happen every few months and people claiming it to the end only to be debunked a few months later. Good time to buy but be cautious because prices may dump even more soon.

[Pursuer]

these charts you posted seem strangely familiar
last time we had such stability phase and people were getting anxious we had a very similar situation with a lot of FUD and panic sell that pushed the price about 30% below that stable line before it bounced back up again and started the rally.

people were panicking and calling bitcoin dead the same way back then too! in a sense nothing has changed.

[Pan Troglodytes]

While I agree that this is not the end of bitcoin and that drops are yet to be expected, I also think that visualising the last >10% drop in the context of the overall bitcoin history in the range of 0-20k as a prove that it is not significant is a kind of a manipulation. It was a big drop. There is no denying that.

[talkbitcoin]

no shit!
this is obviously an attempt to buy bitcoin at much cheaper prices while it is still possible. since everyone knows where the future of the price is going to be like they want to prologue the cheapness as long as possible. so that the accumulation can be bigger.

[Peashooter]

Bitcoin will not die and it will never end. If you ever think that bitcoin will gonna die because of this market you are wrong simply because we can bear it and many people will support bitcoin until the end. I have one question why some people think that bitcoin will gonna die?

[rishad quraishi]

Yup. Bitcoin is not going to die easily. This is just a normal fall. I don't find anything to worry about. Wait till the next year and I hope you will see the raise again. It's acting like a stock market now. It never dies. Many people are so much panicked since yesterday but I don't find any reason for panic. People who are worried should check the other cryptos too.

[gogrowglow]

Yes, this is not the end of Bitcoin.  Many people have  great faith in Bitcoin and I for one is a true  believer, then and now.  This kind of situation is not new in the crypto world, but Bitcoin always survive and stay, so keep your faith and wait up for the good time.  It may sunk down but one thing is sure if it reach bottom , there is no way but up.  We  might never know but the time we are all waiting for  is just around the corner, so stay calm and hope for the best.

[charlotte04]

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/

It isn't. Even though it broke my line for the best and strong support for it I wouldn't still lose hope and try to play the game in cryptocurrencies.

[Sarastiche]

Newbie into Bitcoin investment will always panic and tends to sell off there Bitcoin portfolio, please be confident that this is the time to take advantage of the opportunity and accumulate, Bitcoin is the currency of the moment and the future to come. Invest wait to exprecience real profit.

[Ronaldcoin2017]

This is not really the end of bitcoin. Way back on couple of years that the price of bitcoin is not that big as 5k USD can really make is more confident regarding to the price. Deoppingvof price not really mean that it will die. Bitcoin is not really dying it is just maybe experiencing a huge dip and maybe it is a good sign for the coming bull run.

[MainIbem]

Even if it hit $100, they're would be buyers. No need to worry about the price addicts.

This is a viewpoint I hold also. No matter the price, going up or coming down, there are buyers of bitcoin. It does not seem to indicate a dying coin.