BYE BYE BTC (Continues)

[Lucky7btc]

BTC will continue to crash and in 2019 /2020 a world (mark) cryptocurrency will be in unveiled for all to use for buying and selling.
https://bitcointalk.org/index.php?topic=4331148.msg48041780#msg48041780

[1714104400]

1714104400

[dohh]

BTC will continue to crash and in 2019 /2020 a world (mark) cryptocurrency will be in unveiled for all to use for buying and selling.
https://bitcointalk.org/index.php?topic=4331148.msg48041780#msg48041780

Good job. I always respect critical thinking! If enthusiast admits, he may had been wrong, I always respect it.

To whom I have zero respect, are pillowheads who write: "calm, dont look news, HODL."

[leetcoiner]

BTC will continue to crash and in 2019 /2020 a world (mark) cryptocurrency will be in unveiled for all to use for buying and selling.
https://bitcointalk.org/index.php?topic=4331148.msg48041780#msg48041780

Where such information? Bitcoin has been falling for a year in a row and the current fall of crypto is not news. Yes, the owners are beginning to actively sell their coins, not even suspecting that the same situation was last year, when in early December bitcoin made TOTHEMOON and all stood with their mouths open. Don't repeat your mistakes! Keep your coins and wait until the price will creep up (and it will definitely creep, do not doubt).

[St4yInTh3D4rk]

BTC will continue to crash and in 2019 /2020 a world (mark) cryptocurrency will be in unveiled for all to use for buying and selling.
https://bitcointalk.org/index.php?topic=4331148.msg48041780#msg48041780

Where such information? Bitcoin has been falling for a year in a row and the current fall of crypto is not news. Yes, the owners are beginning to actively sell their coins, not even suspecting that the same situation was last year, when in early December bitcoin made TOTHEMOON and all stood with their mouths open. Don't repeat your mistakes! Keep your coins and wait until the price will creep up (and it will definitely creep, do not doubt).

People are like sheep they just do what other will be doing so they will sell when some people starts to sell but later they will regret for that so as you said we need to survive this hard situation to make more profits but we don't know exactly what is happening in the crypto market for the last couple of days the bitcoin starts to fall too much.

[gentlemand]

To whom I have zero respect, are pillowheads who write: "calm, dont look news, HODL."

Riiiiight.

The beauty of this forum is that you can peer into the past where many posters of this calibre were screeching at people to dump all and forget everything forever as it was going to zero forever everever in the $600 and downwards region.

You may have noticed a wee uptick since then.

No one should be listening to anyone else be they psychobears or bubbleheaded bulls.

[hugeblack]

Bitcoin is old, outdated, slow and uses too much energy. The price will soon be brought down to a level where miners will abandon it. Prices will continue to be kept lower due to CME futures.

So CME futures.  Anyway
winter is coming.
It seems that the absurdity of the past week "BCH fork" due to greed led to this decline and then altcoin dump could cause more losses in the short term "this week."
I expect that whatever happens $ 4,200 will be the bottom but things are not so bad "the price will recover quickly."

[BitHodler]

It seems that the absurdity of the past week "BCH fork" due to greed led to this decline and then altcoin dump could cause more losses in the short term "this week."
I expect that whatever happens $ 4,200 will be the bottom but things are not so bad "the price will recover quickly."

If it was the Bcash drama causing this decline, people would dump their BTC and park their funds in altcoins, which isn't happening. It's panic of the purest form that takes the price down. This is crypto. Welcome.

The bottom isn't what people think it will be, because remember, the market doesn't repeat if the mass expects it to repeat. The bottom will be known by the time we're going back up again.

People panic but don't realize how much of a buying opportunity these dumps are. I'm sure they'll get back in, but that will be on the way up, where they always find themselves enter the market at the wrong time.

[The Sceptical Chymist]

Oh come on, so bitcoin dropped >$1000 over the course of a few days--big fuckin' deal.  If I didn't know better (which I don't), I'd say you waddle like a duck but talk only like a bear.  You know what I'm talking about.

All these other shitcoins?  Bitcoin can basically do what any of them can.  Some may have a small advantage here and there, but if anything is going to get used in commerce as far as crypto goes, it's bitcoin.  Right now the market is just down, but it'll bounce back.  The stock market and precious metals markets have taken their lumps recently, too.

[cellard]

It seems that the absurdity of the past week "BCH fork" due to greed led to this decline and then altcoin dump could cause more losses in the short term "this week."
I expect that whatever happens $ 4,200 will be the bottom but things are not so bad "the price will recover quickly."

If it was the Bcash drama causing this decline, people would dump their BTC and park their funds in altcoins, which isn't happening. It's panic of the purest form that takes the price down. This is crypto. Welcome.

The bottom isn't what people think it will be, because remember, the market doesn't repeat if the mass expects it to repeat. The bottom will be known by the time we're going back up again.

People panic but don't realize how much of a buying opportunity these dumps are. I'm sure they'll get back in, but that will be on the way up, where they always find themselves enter the market at the wrong time.

The BCash drama has as an impact on Bitcoin the moment they start extracting hashrate from Bitcoin to put it into the BCash fork, whatever it is (I think ABC in this case, the bastard scammer Roger Ver was allocating hashrate from Cloud Mining contracts in his Bitcoin dot com pool to mine the ABC scam).

If these guys keep scamming people with their shitcoins I really hope someone with the resources makes them pay. They must pay the price of screwing up people's money with their experiments.

[BitHodler]

The BCash drama has as an impact on Bitcoin the moment they start extracting hashrate from Bitcoin to put it into the BCash fork, whatever it is (I think ABC in this case, the bastard scammer Roger Ver was allocating hashrate from Cloud Mining contracts in his Bitcoin dot com pool to mine the ABC scam).

Bitcoin tanked well below $6000 before they started stealing people's hashrate. Also, Bitcoin's hashrate at no point dropped below 40 exahash, which is also important to note.

If you look at Bitcoin's hashrate chart in the more recent weeks, it was bouncing between 40 to 60 exahashes continuously, which means that there is far more hashrate available than most people think.

Currently it dropped below 40 exahash because the price went down significantly, which makes sense considering that hashrate follows price in a healthy environment, and Bitcoin is healthy.

[Slow death]

BTC will continue to crash and in 2019 /2020 a world (mark) cryptocurrency will be in unveiled for all to use for buying and selling.
https://bitcointalk.org/index.php?topic=4331148.msg48041780#msg48041780

 

You posted this:

Bitcoin is old, outdated, slow and uses too much energy. The price will soon be brought down to a level where miners will abandon it. Prices will continue to be kept lower due to CME futures.

in your opinion bitcoin is: " Old, outdated, slow and uses too much energy ". and now that the price has dropped you have reasons to celebrate because with this price drop you can tell everyone that you are right, but the price of bitcoin will recover in the future, bitcoin are limited and when you have higher demand, the price will also increase a lot, that's a matter of being patient.

[rodalutor]

Bitcoin survived 2011 and it survived 2014. What makes this time so different? It's a normal phenomenon for almost anything that it will go through cycles of bull and bear. It's the same with stocks, real estate etc. Bitcoin's time will come again, the question is not really if, it's just when.

[gentlemand]

Bitcoin survived 2011 and it survived 2014. What makes this time so different? It's a normal phenomenon for almost anything that it will go through cycles of bull and bear. It's the same with stocks, real estate etc. Bitcoin's time will come again, the question is not really if, it's just when.

This time around though we may be contending with a meltdown in the wider markets in which case things get a whole lot muddier. Bitcoin rose during an unbroken run upwards in everything. If that changes it could mean several differing outcomes.

[shield132]

BTC will continue to crash and in 2019 /2020 a world (mark) cryptocurrency will be in unveiled for all to use for buying and selling.
https://bitcointalk.org/index.php?topic=4331148.msg48041780#msg48041780

Good job. I always respect critical thinking! If enthusiast admits, he may had been wrong, I always respect it.

To whom I have zero respect, are pillowheads who write: "calm, dont look news, HODL."

Yeah, critical thinking is needed but also at the same time can't understand what it's respectability has to do with current situation? And to be fair people, who were writing "calm, don't look news, HODL" were 100% right. What was almost everyone saying on person who would say: bitcoin will reach 20K? You like me would call them crazy but seems opposite, they were absolutely right. One fall doesn't means everything will destroy. Just remember, bitcoin will always reach it's all time maximum price.

[kampesino]

Funny, what my old (80+) man said to me, while I was trying to explain to him what was happening, as I was oggling Coinigy. See, I had to start all the way back to what cryptocurrencies are, but he said:

"Doesn't matter, son: never sell when it's falling, never buy when it's climbing". Hehe, I wouldn't dare to disobey, would I ? So: buy and hodl !

PS: On second thought, I think he still has some of those 1917 Russian bonds...Hm.

[Zadicar]

To whom I have zero respect, are pillowheads who write: "calm, dont look news, HODL."

Riiiiight.

The beauty of this forum is that you can peer into the past where many posters of this calibre were screeching at people to dump all and forget everything forever as it was going to zero forever everever in the $600 and downwards region.

You may have noticed a wee uptick since then.

No one should be listening to anyone else be they psychobears or bubbleheaded bulls.

The problem with these people is that if they see the market is in bull run they tend to forget the same thing when it is a bearish market. Which is exactly the same and they can't accept the fact that it is happening, like wtf do we want? A continuous bull run where everyone could just sell and sooner we realize that there is no one would like to buy because the price is increasing and there is no profit from it.

[WinslowIII]

Bitcoin survived 2011 and it survived 2014. What makes this time so different? It's a normal phenomenon for almost anything that it will go through cycles of bull and bear. It's the same with stocks, real estate etc. Bitcoin's time will come again, the question is not really if, it's just when.

Whats different now:
1. China is OUT.
2. alts don't pump anymore. Like, at all, thanks to:
3. KYC fucking bs with exchanges. This means that:
4. crypto is no longer fun to play with.

[Shinpako09]

If that's the case, then longer hold will do not unless in need of fiat. Also, it's not like that forever. There will be a year that we're going to reach a new ATH soon after those down years. No matter what happen btc will always survive and regained the price just like before and we are going to wait for it again.

[gentlemand]

Whats different now:
1. China is OUT.
2. alts don't pump anymore. Like, at all, thanks to:
3. KYC fucking bs with exchanges. This means that:
4. crypto is no longer fun to play with.

We wouldn't have gotten the bubble we did if China was IN.

Alts went up so outrageously on such a stunningly empty basis that I'm amazed any of them are worth anything still.

When will you accept KYC as the next inevitable step to more people getting involved? It won't happen without it.

It'll be fun again. Not for a goodly while though.

[figmentofmyass]

If it was the Bcash drama causing this decline, people would dump their BTC and park their funds in altcoins, which isn't happening. It's panic of the purest form that takes the price down. This is crypto. Welcome.

some altcoins are holding quite well. XRP for instance. its rise against BTC has mostly offset the crash in the BTC/USD market.

The bottom isn't what people think it will be, because remember, the market doesn't repeat if the mass expects it to repeat. The bottom will be known by the time we're going back up again.

People panic but don't realize how much of a buying opportunity these dumps are. I'm sure they'll get back in, but that will be on the way up, where they always find themselves enter the market at the wrong time.

true, it'll only be clear in hindsight. by the same token, it's hard to know exactly where the good buying opportunities lie. masterluc considers the long term trend intact until we touch the $1200 level and i think that has a pretty strong basis. lots of wiggle room there!