Is it Game Over for Bitcoin?

[vickson226]

Negative thinking is always reason of big loss and  can disturb the goal of target for profit. This is a correction time for market and it will show the down trend , that's why people are panic but don't scare from market and wait for good time.

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[ghost07]

Nope I don't think that it is the end of it,
We could always start over again we have more people now unlike when the Bitcoin is just new,
I think it would only take some time to recover.

[EditorX]

When it comes to bitcoin, there is only speculation and speculators instead of investment and investor. Bitcoin and all other cryptocurrencies have zero intrinsic value, they are just a new casino style betting game.

[Babylon]

Game over? When it was starting the price was only less than $1 .
And now that the price is high and droping low you would think that it is the end of Bitcoin?
The price already rise up from below $1 what more now that the price already reach $20,000 and we have more supporter's and investors.

[carlisle1]

I have nothing to worry about the current situation of bitcoin and its market, there has been many bad times for bitcoin and people are constantly saying that bitcoin is already near to its end but it's still here it keeps on recovering most of the time. bitcoin gave us a lot of surprise for so many years and I think that there will more of that sometime soon.

[millgates]

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?

Don't be pessimistic, world can't ignore the fact that bitcoin is one of the great invention in this century so don't worry. The price will rise again, it's the part of bitcoin volatility. We don't know when the price will rise even higher maybe can surpass $100.000 per coin. There is no normal price of bitcoin  we can't expect bitcoin price in certain price at this early phase of adoption.

[jaymmagne]

Constantly declining of the price is pretty much heart breaking to those who bought Bitcoin in a higher price. But i still trust with the Bitcoin to automatically appreciate with its price.

[Ayyyylmeow]

Below let's go! I am sure and even willing to argue - see the graphics. They clearly show us 2,800 because we are walking along the lower edges of the triangles and buying off the weak ones. It should fall and everyone is waiting for it and then everything will fall to these marks at least !!

[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?

No bitcoin is not yet over,its just a beginning for a good recovery of bitcoin soon.Everybody will surprise about bitcoin that bitcoin will not die.l will not agree that bitcoin will be over l believe on bitcoin that it is life.

[GreenPowred]

Maybe it's the beginning of a new era for Bitcoin? How many times Bitcoin had been dumped and dumped, but still alive. If you are clever boy or girl, you can still  earn money. Don't be afraid, just wait for recovering. I believe that bitcoin will return to high price about 6000-9000 $. So now, just keep calm, wait for new dump, be ready to buy.

Some example about price last year (10 330$) and today (3 673$), can we get this price again, sure. We just need green light from our community for bitcoin

[Bitdressa]

in my opinion this bitcoin will not end as long as they have users or other users. And if compared, the more and more new users that we may not realize, because bitcoin will not drop the price suddenly.

[missbell]

not yet, it is early to say that, everyone who thinks its the ending is selling all his coins, and unfortunatly a lot of people do this, and its the main reason of this crash , everyone is selling which causes the crash of the whole market, if everyone suddenly stopped selling and waits for couple hours prices will go up again.

[Buttermellow]

I hope its not because I am still enjoying cryptocurrency. I could not imagine how things will went through if the system will going to end. I had so many hopes with bitcoin in getting rich someday because of the potential profit that one could get especially in investing. For now, I am still buying little by little bitcoin when market price gets more dip.

[qwertyup23]

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 remember people around the forum making threads on what will be the main reason on the decrease on bitcoins price and there you have it. But rather than viewing this dilemma with negativity, consider also on taking it as an opportunity to acquire some while the prices are at stale. For the people who have significant amounts of bitcoin on their wallet, avoid selling everything in an instant.
Bitcoin has always been on the positive side of the market. With its creation nearly 10 years ago, its price constantly fluctuates depending on current events affecting government regulations or strict financials. Now with its price decreasing, I do think that its price may regain its value in the long-run as long as it maximizes and uses the blockchain technology.

[maxamus]

I think it is not over for Bitcoin. In 2016 Bitcoin price is only 500$ to 600$. So i hope it is not over. i also think that Bitcoin price ill increase once again. And recover it's price.

No it is not Game over for bitcoin. based on price alone we cannot decide. Initial days when bitcoin introduced it was just 0.31 $ and then it grows to unexpected value i.e 20,000$ in the year 2017. Its about the adoption and usage of the coins across the globe. we have strong feature ahead for Bitcoin.

[gabmen]

I think it is not over for Bitcoin. In 2016 Bitcoin price is only 500$ to 600$. So i hope it is not over. i also think that Bitcoin price ill increase once again. And recover it's price.

No it is not Game over for bitcoin. based on price alone we cannot decide. Initial days when bitcoin introduced it was just 0.31 $ and then it grows to unexpected value i.e 20,000$ in the year 2017. Its about the adoption and usage of the coins across the globe. we have strong feature ahead for Bitcoin.

Yeah but that time could be quite far from now. Those who are aiming for another all time high next year should snap out of it because this bear market may very well continue for a couple of more months into 2019. Though this is by far not over at all for btc and crypto.

[c-jones89]

I agree that it will not recover as quickly as it did before, but I would not expect it to exceed in 2019. They are talking that the reverse is expected any day and it probably will not rise as fast as before, but we will see a progress and improvement. This is not an easy instant money game, BTC will survive because it is implemented in the market already. Its usage will only grow and expand and we should look at it as something revolutionary and not simply an easy money.

[aris av]

Bitcoin is not over and will last in the long run, bitcoin is still the main one, and because of that bitcoin is more likely to grow, and now I still choose to hold and won't sell low.

[131tc01n]

Try to look back at the history of bitcoin, how the state of bitcoin was in 2014 when the price of bitcoin $ 1200 dropped to $ 180 and it was almost game over, but in fact is it game over? even the state of bitcoin is now able to rise up like it once did, and I will not waste a rare situation now before it returns

[Tahir460pk]

I don't think so because here alot of predictions about it and mostly people's are very positive and very hopefully experts are still recommending to wait and hold because market recover himself soon.