Is it Game Over for Bitcoin?

[Panchum]

Prices have been on a constant decline ever since this year began. There's been FUD all over the place, and governments have been cracking down on Bitcoin and other cryptocurrencies. In addition, there have been several hacks which have also contributed to the decline in the value of the whole cryptocurrency market. As such, many people have lost their faith in Bitcoin and cryptocurrencies in general, as they've lost a lot of money.

Despite this, it seems that most holders would not give up on Bitcoin no matter what. But, if Bitcoin keeps declining in value until it becomes worthless, then long-time holders (like me) would become disillusioned. For those who want to protect their investment, there's the option to sell Bitcoin into USD or exchange it towards a stablecoin like Tether. However, even Tether has lost its peg (although in some occasions it heads back to $1) sometime this year, which means that not even stablecoins can be trusted.

Nonetheless, what are your thoughts about this? Will it be Game Over for Bitcoin? Or will everything go back to normal soon?

Please dont be over bitcoin because you're my only hope to get my dreams in life.l really wish to be rich in bitcoin like the former bitcoin rich people created by bitcoin.l know theres a hope after the crash.

[crptomoon1001]

Prices have been on a constant decline ever since this year began. There's been FUD all over the place, and governments have been cracking down on Bitcoin and other cryptocurrencies. In addition, there have been several hacks which have also contributed to the decline in the value of the whole cryptocurrency market. As such, many people have lost their faith in Bitcoin and cryptocurrencies in general, as they've lost a lot of money.

Despite this, it seems that most holders would not give up on Bitcoin no matter what. But, if Bitcoin keeps declining in value until it becomes worthless, then long-time holders (like me) would become disillusioned. For those who want to protect their investment, there's the option to sell Bitcoin into USD or exchange it towards a stablecoin like Tether. However, even Tether has lost its peg (although in some occasions it heads back to $1) sometime this year, which means that not even stablecoins can be trusted.

Nonetheless, what are your thoughts about this? Will it be Game Over for Bitcoin? Or will everything go back to normal soon?

 Bitcoin / Bitcoin Discussion / Google trend for BTC is dead is on the rise. Think differently this timeon: Today at 09:25:50 AM

Folks, please remember that every-time google searches increases, something opposite happens. And why not ! ? I will want you to think from the physiology of big investors. Since this is the physiology driven market, please remember any whale investor manipulating the market will not invest when an average Joe is putting a keyword on Google "Bitcoin is the future of currency". The same whale investor will be very happy to invest when average Joe puts a keyword on Google search "Bitcoin is dead". This is how bitcoin has always been and will remain for few more years to come. With experience, I started to quesiton myself what would a whale think in any given situation and realized that my heart was thinking as an average Joe and that thinking was different than what my head told me about what a whale investor might be thinking. Let me clarify below. 


Headine for an article posted on SludgeFeed 4 hours ago says - "Google Searches for Bitcoin Jump to a 8-Month High"

Headine for an article posted on Bitcoinist 1 day ago says - "Google Trends Bitcoin Interest Hits a 6 months High"


Dont forget Googles gets over 2 trillion searches every day (2 trillion is approximate number as per 2018) and hence is a huge market for people to talk about it.  And when market is as big as this, there is a great opportunity for manipulation. Let's see what are these searching saying - positive news or negative news about bitcoin ? I did a small exercise of going to https://trends.google.com myself and entered a search term "bitcoin". below are the results i like to share with you 

10 times more google searches were done on bitcoin in the month of Nov / Dec peak worldwide. When people where searching so much in Nov/ Dec last year, price was expected to fall as per logic. Think from a big investor perspective here ! Think opposite of what an average Joe would thikTop three countries where people are searching the maximum about bitcoin are 1. Australia, Canada, and United States. What does this indicate? There are possible average Joe's from this countries that will put their money in bitcoin ecosystem next and will see this as an opportunity. But will they take the market upwards? No. The same big investors will put their money first and these average Joe's will just get in after they see that market is moving back up.


Next, what do I think about the current bitcoin price and the possible outcomes ? Well, the fear has finally kicked in but it is a good time to enter the market. Although I am not 100% sure that there will be no further downtrend in price, but I can almost confirm that whatever has to happen will happen in next 1 or 2 month before we change the trend and move back upwards again. 1 or 2 months is the maximum I see from this situation. And given the average Joe mentality, you will not be able to pick the lowest point of bitcoin and anyways in the long run it would not matter if you purchased btc at 3,700 usd or 3,100 usd. And hence, i would expect a little stability here and may be a little bit more slide but then there is only one way and that is - UP. So, in order to beat the whale investors this time, you might have to think differently. 

ALways remember to question yourself " what would whale investor do in this situation" and then take a decision.

[davide72]

In theory the value of bitcoins was too high, it was oversold. But it should not be his death or rather a lower price would give the opportunity for many to enter the business of cryptocurrencies. Too many bitcoins in the hands of a few people.

[gabbie2010]

As it is now the drop in the price of bitcoin will give an ample opportunity to those who wanted to join the train now although those who bought at a higher price will have to exercise patience because I am very optimistic of bitcoin becoming a currency of the future while the massive pump the price cannot be the end of bitcoin.

[gadimbrut]

I think this is not the end of bitcoin, and bitcoin has already experienced increases and decreases in prices, but in fact bitcoin can survive until now, most people are currently declining so they prefer to sell the bitcoin they have, and the price of bitcoin dump, will be the winner again

[Kevinatin]

Nobody wants that end. Give the hope of the richest wallets, since the date of their foundation, the betcoin has not been withdrawn even once. I do not know what that means, but I want to believe in the best.

[darkr]

Nobody wants that end. Give the hope of the richest wallets, since the date of their foundation, the betcoin has not been withdrawn even once. I do not know what that means, but I want to believe in the best.

Paraphrasing the famous song, I will say: "Game must go on!". Naturally, no one feels happy when he sees the lowest prices of Bitcoin, but I am 100% sure that BTC will go up this winter.

[davide72]

Nobody wants that end. Give the hope of the richest wallets, since the date of their foundation, the betcoin has not been withdrawn even once. I do not know what that means, but I want to believe in the best.

Paraphrasing the famous song, I will say: "Game must go on!". Naturally, no one feels happy when he sees the lowest prices of Bitcoin, but I am 100% sure that BTC will go up this winter.

I hope it will start to go up  end of next years it will not be good if BTC is goin up to 7K again soon. BTC it will be good at this range of price 2K 3K for a long time than it could go up again! It will be better for the community.

[trauchot]

You should not worry so much because of all this fall, because this happened earlier and later bitcoin, like the whole market, began to grow again, just for this, we may now need a lot more time and patience, because everything can not be repeated all the time, most likely now we will need to wait a very long time to restore the price of bitcoin, so try not to think about it as long as possible, because then it will be even worse.

[KoKaKoLa]

its not the ending of it, yet, i think it will keep dropping but it will rise again, maybe this december it will rise to over 8k, but first i expect a price under 3k. bitcoin will never die by the way

[myohmy81]

this is very hard to believe and I also don't understand why this kind of bitcoin is worthless anymore and I find it hard to trust this very badly and I've been too confused to think about this we should invest a little bit and slowly

This technology is a game of patience which we must have it if we want to be profitable. This is not advisable to invest in the amount that we can't afford to lose as we know that this is too volatile to handle. Indeed this is not game over since many people were still trust this technology. If you will lose your patience then you lost your opportunity.

[johnny508]

its not the ending of it, yet, i think it will keep dropping but it will rise again, maybe this december it will rise to over 8k, but first i expect a price under 3k. bitcoin will never die by the way

Yes the game is not over for bitcoin even there is a temporary price drop in bitcoin because most previous investors who purchased bitcoin earlier are selling now due to uncertainty and afraid without proper reasons and that is the main reason even bitcoin is doing fine and all the things are happening for its advantage the price is falling in a high rate but i think this situation will change very quickly and individuals who are in the market will understand so bitcoin will continue to increase in value with more demand

[blueteam09]

The game is not over yet, and Bitcoin is still trying to overcome the challenges of this game. You can see that many investors are buying Bitcoin at current prices because they believe that Bitcoin can not end and they will still believe in Bitcoin even if it continues to fall.

[denzkilim]

Nobody wants that end. Give the hope of the richest wallets, since the date of their foundation, the betcoin has not been withdrawn even once. I do not know what that means, but I want to believe in the best.

Paraphrasing the famous song, I will say: "Game must go on!". Naturally, no one feels happy when he sees the lowest prices of Bitcoin, but I am 100% sure that BTC will go up this winter.

I hope it will start to go up  end of next years it will not be good if BTC is goin up to 7K again soon. BTC it will be good at this range of price 2K 3K for a long time than it could go up again! It will be better for the community.

If I am not mistaken this kind of bearish market already happened three times in the early years to mid years of Bitcoin in the market and whenever Bitcoin reaches its all-time high it will soon crash and when the time it recovers it will reach a record-breaking all-time high than the previous one and I guess there is a chance that it will happen again.
But I don't think that Bitcoin will recover this year and if you study its growth it looks like its going down some more and when the time it reaches the bottom, that will be the time that it will start to grow again.

And to the OP. Bitcoin will never be over because sooner or later this innovation in our monetary system will be appreciated by more people in the world and the demand will start to rise again.

[Amevalentine]

my opinion, huh. it's definitely the right time to buy This is the right time for you to buy bitcoin because bitcoin is far at the market price so you only need to buy it and sell it at a reasonable price and not too

[jerrison]

let me correct an impression, firstly, bitcoin is not a game and also not involved in any game as we are talking about finances and people's money running into billions of dollars. we can not in any way accept that these funds are used for games as they are investments by investors and hoping to get return on investment at a profitable rate.

[Triwiyono]

there is no end to bitcoin, this is only the price decline that happen on bitcoin. later it will also recover. we don't need to worry about the crypto market condition that continues to fall, we should be able to use this to seek profits because of the low price. and believe the price can recover.

[bolbau]

absolutely no, the current BTC market price is still very much higher than it was a few years ago, a significant decline in prices is reasonable because of the increasing implications of the popularity of bitcoin. besides that the problems faced by bitcoin more often come from outside this industry, so we cannot control it properly. what happens to the bitcoin market today is good momentum to find a stable price position, not just limited investment, trading, and short-term big profits

[DonFacundo]

I don't believe that bitcoin will end because of this bad situation of the market, as long bitcoin running it will not end, I believe it will back to normal.

[andi_wahid]

we can see the history of bitcoin which is worth a box of pizza, now it has become thousands of dollars even though lately prices have continued to decline, but this is not the end of bitcoin