Is it Game Over for Bitcoin?

[triciaa478]

NO I don't think the game is over yet. This year has not be good though yet I think it is for the wellbeing of the market in general. Early next year will see a lot of regulations in the blockchain industry and the ICO projects that has been flourishing in the crypto business.

[teejayrichard2]

sincerely it gets confusing and frustrating sometimes and you just want to sell off your bitcoin and make do with what you have but then lets look at it at the bright side, this is just a trying time for bitcoin and just like before it will bounce back to normal. The whole process is part of what will make bitcoin very strong in the nearest future.

[santino11]

There will be no game over for bitcoin.
I know that we can see the market is falling now.
But the moment that bitcoin wake-up people will gather again and tell BTC is the future.
BTC will get up and bounce back i am sure of that!

[maryanlukuts]

No. I don't think it's over. I believe the Bitcoin. I think it will never end. I saw lots of people are saying the Bitcoin is the world largest digital money method and it can become a legal currency in all the countries. However, this is not the end of the Bitcoin's journey. The BTC has a great and very bright future. So never give up your hopes.

[globalking]

we have seen bitcoin rise from almost zero to $20000 if it has come down to $5000 it does not meet that bitcoin game is over.

[thankyoulord]

no it is not game over for bitcoin. Though price maybe down with lots of things happening in the cryptocurrency world, well its just for now. The truth is better days are coming for bitcoin. we will see things boom soon

[ppadilllla]

Over? never will

[Schirer]

What is "normal"? do you men will it be like past?
I dont believe that it will "normal"soon, the larger scale downtrend is on again and this is even without any big negative catalyst which is just ridiculous for me.

[MainIbem]

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?

I want to elaborate on the points to get you to understand how bitcoin is here to stay.

Why are governments cracking down on cryptocurrency?
It is inevitable that cryptocurrencies are the future of payment. For the past few years, bitcoin has made it's mark as a medium of peer to peer decentralized payment system. It is fast, secure and cost less. The government crack down is because of control, not that bitcoin is not good.

Hacks.
Like the government, hackers are aware that people have moved their money into cryptos. Being a new technology that is evolving, there are so many loose ends and they are exploiting such. One of the reasons for government crack down is for exchanges to tighten security on the platform to guarantee assets are safe.

Institutional investors are exploring ways to come into cryptocurrency. Big names are creating departments to handle blockchain related issues.

These are not indication of a dying bitcoin.

[cxmyifan16]

I hope that the game isn't over because i bought some btc and hope that they will bring me good profit. To my mind, it is better to get btc now when it has a good cost which is lower than usual. I advise to get ether as well

[assyla]

Game Over when we're still not yet at 90%? I would worry at that, so 1999 will be the price that gets me a little scared. But I'll know from the past others have been through that it's a cycle that's happened before and will definitely happen again, but maybe with more years in between. Everybody talks about experience and yet they're still not prepared when the old stories come round again. Glad to be in my first bear. Stories for everybody to share in a few years from now!

I agree with you, we can say that bitcoin is just a video game there is a time that we enter a easy level but sometimes there are some level that is much harder but still we are just pushing ourselves and the bitcoin to conquer it and to become the bitcoin we want it to be.

[nydiacaskey01]

Its not Game Over yet with Bitcoin. Not because we have seen price of Bitcoin plunge to $4,500 it means it will continue to drop until value reaches zero. Where we're you last July 5 and 6 2015 when price of Bitcoin dropped from $266 to $157? That's a 40% drop in value in just 24 hours and yet we are still here holding. Relax and just enjoy the ride.

[minairia3]

Bitcoin isn't the one that should be blamed for people's greed, because the price in no shape or form reflects the utility of Bitcoin, just people's greed.

It actually surprises me that you bring this up, because when I look at the date you registered your account, you (in case you are still the same account owner) very likely have seen the market tank below $200 back in early 2015. Back then people said it's game over as well, and here we are. It's just another cycle we are going through.

$20,000 versus the various correction scenarios.

80% = $4000
85% = $3000 (my guess based on technical ball analysis)
90% = $2000

We're getting there.

Agree. If you're really a long time hodler you've most probably bought in the below $200 mark or maybe you sold it at a profit then bought again in the $4k or when the hype in like 8k price and up. True believers and baggers just sit back and relax as they understand market conditions like this happen and this is the perfect time for them to buy more.

[shadyrifles]

Bitcoin price is testing our patience. It's true the year 2018 have been very tough until now for investors due to FUD, Panic sell it doesn't mean the game of bitcoin is over. Just sit back, Relax and wait for the next ride.

[bandaro]

No word has been finished for bitcoin. As long as bitcoin is still fluctuating, bitcoin will continue and develop.If there are no more fluctuations in Bitcoin, it can only be said to be bitcoin game over

[rodskee]

Haha very negative thinking came from you according to your rank
Actually base on my own research bitcoin price are worthless value before
So i still believe bitcoin will dip into the lower valie before uprise again
Fuds news is part of the discussion how to improve bitcoin negative positive effect as decentralized currency

[Cryptobiter]

Why game over? Btc price is increase soon and it will good project also

[andika2018]

High fluctuation always happen in cryptocurrency market and its always happen in bitcoin too. I dont think it will be game over for bitcoin, it will bounce back soon. Market always recovery and bitcoin price will reach highest price again in near future

[Sawadekub]

OP, I wonder how long you have been on the market and how long have you owned bitcoins?
I see from your posts that you know about Bitcoin since 2014. Does such a market situation really affect you so much? I think that you are not one of those who bought Bitcoin for $ 10,000-20,000, so it’s very surprising to me that you lost faith in Bitcoin.
You must understand, large investors sold their bitcoins in December 2017, then they played well all year round, pulling out money from inexperienced newbies. Now it's time for them to get their bitcoins back at low prices, thats why now we see this situation.
In addition to all the clowns from Bitcoin cash staged (most likely also planned) for all the super show, which negatively affects the price of Bitcoin.
And the price reversal will be when people like you, those who hold Bitcoin over the years, lose faith and start selling their Bitcoins. I think this is the plan of whales  .
So don't become one of those who will be overboard of the ship at a time when Bitcoin starts a bull run.

[reality18]

There will be nothing like game over for Bitcoin. What do you call it when Bitcoin rises to $20K? It is still Bitcoin when the price drops. This is one of the intrinsic features of crypto. There are times when the market goes down to allow new investors to enter the scene where they can buy some of the valuable coins at low price and once the price spikes, makes profits for themselves. We should learn to understand this fundamental principle. The market will definitely recover.