Is it Game Over for Bitcoin?

[fosco333]

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?

This is not the end of bitcoin. I think peoples tend to think that bitcoin age is over when the price of bitcoin and cryptocurrency crashing.
I remember from the past years on 2014 or 2015 something, many said that bitcoin already over.
The fact, later after that year, bitcoin value was recovering and surpassed the all time high price in the market.

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[SyrulRamadhan]

it's normal bro don't panic seeing this red market is natural selection to return to the pump higher a few months or years ahead. if you still believe bitcoin is patient don't panic but if you think this has finished selling your assets and leave this don't spread fudd here

[xbossJ]

It isn't yet game over for $Bitcoin, only those new to the space think it is, those who have survived 10 long years with $Bitcoin during its ups and downs will tell you "we have been here before" what is happening is common even in stock markets! Highs and lows, the highs again and it has happened through all the years, and $Bitcoin?? It springs suprises when you least expect, so it isn't game over yet!

[anaumar]

Bitcoin is certainly not yet ended only because now it is experiencing a decreased volume of volume in compare of the last year but look from the Biticoin Price is not a benchmark but the most important is the technology that can be used at it is very valuable

[Snyderfx2]

it is very far from game over for bitcoin according to my understanding but many think otherwise due to the dropping price of bitcoin but that is happening due to many reasons like restrictions from governments and lack of positive support from media but even in these conditions the way bitcoin is progressing is remarkable and due to high bitcoin into business adoption with current trend in the modern world soon the demand level can increase further more and definitely bitcoin price will increase in a higher rate in the near future so game is very far from over

[mariah.sadio]

At first, when I saw that it's price really went down this year, I am quite afraid but based on how I monitored it for being a bitcoin user for 3 years now, I should not worry about its price going down because bitcoin is very volatile and that no one knows when it's price be back to high again. It is not game over for bitcoin, this is the right time in fact to by some of it and hodl.

[cfif123]

not yet. even though the price of bitcoin was destroyed like this it does not mean the end of bitcoin, because there are still many people who use and believe that bitcoin can definitely pass trials like this. and I am also sure that in the coming year bitcoin will definitely experience a good price change

[Roni116]

Bitcoin is over? I don't think we need to think that far. Bitcoin is unstable and the price can fall very low, and even if it falls, it won't be the end of Bitcoin. No need to panic because bitcoin can still grow again.

[mbluxs]

NEVER!
It won't be if we won't allow it too.

in my opinion it will never happen. because bitcoin has survived several years and even now bitcoin still survives. if there is no one who wants to invest in bitcoin game over.

[Abiky]

The market is improving now which is obvious after it has been in green for more than two days. This should tell all that called it game over for Bitcoin that Bitcoin is revolutionary and has come to enhance payment systems. Don't wait till it spikes to $10K before buying, the price is still low now.

You do have a point there, mate. Bitcoin has been on the green side within the last days. Not to mention, it's been alive and actively supported by developers and its community for a long time now. Considering how far Bitcoin went from 2009 to now, I'd say that there's still hope for Bitcoin to become a cryptocurrency adopted by the mainstream world. There are some key issues that need to be addressed if it wants to become the "People's Money". Things like high volatility, slow speeds, and high transactions fees will defeat Bitcoin's purpose as a medium of exchange for our daily lives.

However, as time goes by, Bitcoin would improve up to a point where it's safe to rely on it as a store of value. I believe that proper regulatory measures would need to take place, to help reduce volatility across the market and bring back some confidence into Bitcoin and other well-known cryptocurrencies. After that, then Bitcoin would either remain stable in price or simply rise all the way to the moon.

Nonetheless, what matters here is how Bitcoin would be able to transform our economy within the future. It's not only about making money or greed based on USD prices, but also about it's usability as a currency for the mainstream world. Just my thoughts

[gurang]

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?

No bitcoin is still alive and will never be stabel so it means the game will continue, so grab the opportunity that we have right now and don't waste your time to notuce their nonsense advice

[hahay]

Only with the market falling and the price of bitcoin losing its value, that does not mean that bitcoin will end that easily. Moreover, the supply of bitcoin is still available and I believe bitcoin will not end only with lower prices and limited supply. Because so far bitcoin has had a good impact I think for many people who are lifted financially.

[tarukam]

this isn't done yet bitcoin still has a selling price even though it was cheaper than ATH last year. I think bitcoin travel is still long and there will be many surprises in the future. Don't be panic because of the red market situation

[samuraijin]

Bitcoin isn't over yet, this is a number of panic in everyone with many new players who don't know how to follow the trends that exist in all markets, maybe this year is the year when Bitcoin was back in the time where Halffing happened, and many fraudulent project projects and collecting as much Bitcoin and supplying it for the coming year, why can it be so much, because they know the current trend, that Bitcoin will again be the target of everyone in the year set in the coming, there may be a little people who will understand my post ... Greetings 2020/2021

[kogozer714]

Bitcoin game over will not be as young as that and I think bitcoin remains the best from year to year, prices continue to rise, maybe now the price of bitcoin is being destroyed and in a red mark but I still believe bitcoin will return in the near future

[FlightyPouch]

Bitcoin game over will not be as young as that and I think bitcoin remains the best from year to year, prices continue to rise, maybe now the price of bitcoin is being destroyed and in a red mark but I still believe bitcoin will return in the near future

Being destroyed? So you are saying that someone is making a move to make the price of Bitcoin fell down to what price it has now? No, it is normal for Bitcoin to fall down like this since it is a volatile crypto currency. Every year we investors experiences a big dump if not a big pump though the pump did not happen. It will return to the highest price, you just need to wait.

[Boys27]

at the moment other bitcoin and cryptocurrency have shown a trend of price increases, my opinion is that bitcoin will rise again so prepare to welcome it. it's like my belief that the decline in bitcoin prices is only temporary

[johnny508]

Game is not over for bitcoin and if anyone think otherwise what I can say is nothing to worry and bitcoin prices went down due to the uncertainty that people has regarding it and this is mainly because many news and media companies who only show negative things regarding bitcoin and that is the main reason why majority of investors and traders don't believe in there investments these days but I hope this situation will change in the future with with more bitcoin into business adaptation and increase of usability which might take some time but possible to happen that is why we can agree that this is just the beginning for bitcoin and its future progress

[santiPOGI]

Game over on what? game over on falling and rthe bear will go away?
like whats happening in the market now and many people seeing some bulls around?
BTC and cryptocurrency market is gaining the price again, we should wait more.

[thankyoulord]

it is definitely not game over for bitcoin. yes prices may have gone down terribly and things may seem like there is no hope but then we invested in the bitcoin ideology not just making profits. we beleive in the reason for which bitcoin was created in the first place not just filling our banks with profits. the price of bitcoin will surely go up in the near future.  lets just hope for the best for bitcoin.