Is it Game Over for Bitcoin?

[iTradeChips]

In my opinion this is not a game over scenario for bitcoin but rather as many would call it, a correction phase. Bitcoin is going back to the most stable, equalizing price that it needs to survive and it is just really people panicking over the said scenario. Like I always say, just relax and if you can cover your losses then do our best. Good luck to all of us.

[Wayan_Pedjeng]

Each Bitcoin is currently worth some $3,600. Two years back, the price was about 1/4th of this amount. How many of the mega corporations have given 400% returns in a period of 24 months? I can remember only 2-3 of them.

[nagobinga]

Bitcoin is now very many people playing in it so that a lot of money is accumulated inside it to invest to take profits that multiply from the usual and that must wait for the right time.

[matchi2011]

Each Bitcoin is currently worth some $3,600. Two years back, the price was about 1/4th of this amount. How many of the mega corporations have given 400% returns in a period of 24 months? I can remember only 2-3 of them.

oh well, it should be consider and study well, those who knew about how far bitcoin already achieved from the beginning still trusting and holding they've seen this moment as another opportunities to invest and wait again after they earned a lots of money when they've first seen the massive run last year,
it's not the end but a cycle of another massive run better to be well prepared.

[paulk11087]

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 don't find these approaches right. There are people on the market who really want to put everything in their hands. In addition, new investors follow such social sharing areas. Therefore, instead of negativity, we should say positive things about the future.

[antisocial77]

yes my friend its over.lets sell everything we have and forget about bitcoin and crypto.because price is dumbed too much even its still huge to me.but obviously you and people like you think price should be 100k and want to earn super easy money.ok.good luck in your life.

[FutureToken]

What about when the price was 20k? We were all rubbing our hands and patting our backs. It will go up again, that is the fact. This is the best moment for the new investors to get into the story. Spreading the word and the influence to more and more people, it will stabilise faster and reverse quicker. I would look at the positive sides of the moment and wait for the storm to pass. And the new investors can look at this as the new beginning. If I was a new investor, I wouldn't even consider the time when the price was 20k, I would start counting time from this moment and wait for my investiment to grow. You know how it works, buy when its low and sell when its high. So start buying. And this is not an easy money, this is a longtime investiment.

[yvesp110]

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.

We need to trust on the current market of crypto, without trust we cant do any thing because if we don't have trust on cryptocurrencies then we lose our money and you right are that there are a lot of prediction which we found clearly that market will recover very soon and we gain our profit as well.

[Tondya]

Need to understand that  the cryptocurrency market is speculative now and nothing more. The decline in the price of BTC directly depends on this situation. I won't be surprised if BTC drops even lower. Most people would just sell it. The market will change in the near future. All who did not sell BTC will be in benefit

[Ayyyylmeow]

It is already hard to believe that bitcoin will show anything by the end of this year, but I would very much like at least a small jerk

[jacafbiz]

Why would you even conceive the idea that this is game over for Bitcoin, when you see BAKKT and other ETFs lining up to get into the game. I think it is time people need to some listening to Mainstream media because they are all against BTC. Do you thing BAKKT team are stupid people to want to get into a dead end, for me the game is just starting, the question is are you ready

[Kimi80]

It surely is not game over for Bitcoin. If all the people lose interest to have anything with bitcoin or/and its value become zero then we can say something like that. Value doped for 50% and that is stressful for lots of people, causing this kind of thinking, asking this question to themselves and to other people but by my opinion it is wrong to say `game over` right now.

[aliceHortrex]

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?

Everything will return to normal. Perhaps bitcoin will develop and transform into a more powerful and Fiat but reasonable currency. Now we see a lot of gaps and black holes directly in the technical part of bitcoin, which lead us to the fact that the price falls below and below. You can not give up - bitcoin is our future and we have to move this invisible film to reach a completely new level.

[Valer4ik]

Whales do not know that where they will go, who is engaged in TA say that it is clear that nothing is clear.

If anyone manipulates the cue-ball, then they keep him and do not give him growth, because according to all logical conclusions there should now be a growth, but he is not. It never makes sense to leave the cue ball at all, only if it is necessary to invest somewhere and there are good prospects.

[Harrisonimo]

I wouldn't say that the game is over for bitcoin as I can see there is still some resistance levels at the 3700$ price. The exchanges are still actively having their live trades; making bitcoin still relevant. A lot of persons are still actively hodling as they still have some hope in the cryptocurrency system and also fear to sell at this huge loss.

[Khaak Ru]

I wouldn't say that the game is over for bitcoin as I can see there is still some resistance levels at the 3700$ price. The exchanges are still actively having their live trades; making bitcoin still relevant. A lot of persons are still actively hodling as they still have some hope in the cryptocurrency system and also fear to sell at this huge loss.

But the smartest money buy bitcoin on every drop because they know what they are doing. They not just HODL, but passively increase they assets. Have you seen that https://bitcointalk.org/index.php?topic=5073747

[naufals4]

in my opinion this is still not over for bitcoin, because it is still a long way for bitcoin because there are still many projects that need to be developed, besides that there are people want the bitcoin so this price reduction may only be temporary after the situation improves

[chriss0r]

wait some years, HODL, and you'll see that crypto is in advantage to all other PSPs.

[sheamus10]

wait some years, HODL, and you'll see that crypto is in advantage to all other PSPs.

It seems that it will require a very long time for bitcoin, because now the situation for market prices has dropped drastically. Maybe we can try with a little capital to get start it.

[TheKeyLongThumbI]

Game over? Haven't we talked about this a thousand time guys? Don't look at the price but put your focus on the technology. Nobody really know how much bitcoin would be in the end and it could just be $1k after all. We can accept that because in the future, once everything is perfectly working then it will be like Amazon, Apple or Alibaba the was belittled but now are giants in the global market.