IS BITCOIN STILL BAE

[paper-eddy]

Hello, guys I just found out that that the price of bitcoin has touched the lowest level ever in 2018. my current situation is that i can't do anything but hodl and hope. a lot of investors are bleeding from the price plummet war! some are down by 30% or more so my question is?

what do you all think would happen to BTC come 2019?. are we ever going to still experience a bull run or is this the best time to abandone ship?

do you think bitmex shorts are a good thing for btc health or what?. knowing fully well that this exchange is giving out btc it does not have

and what do you think would become of ico's future. the last big thing happened in 2017 but these days one would have to pray to the gods to catch on any good wave.

after all this decentralize talk do you really think we are ready to rule our self yet?

and if you check google trend you would see that activity is dying down slowly https://trends.google.com/trends/explore?date=today%205-y&geo=US&q=bitcoin

[DooMAD]

what do you all think would happen to BTC come 2019?. are we ever going to still experience a bull run or is this the best time to abandone ship?

Contrary to popular belief, Bitcoin's purpose is not to "experience a bull run" so you can sell it to accumulate more of your national currency.  What I'd like to see happen in 2019 is for more people to realise that freedom is worth whatever price it happens to be.

do you think bitmex shorts are a good thing for btc health or what?. knowing fully well that this exchange is giving out btc it does not have

Exchanges generally do what's best for themselves.  If you have to use an exchange, try to use one that isn't doing things you disapprove of.  Or, better yet, cut out the middleman altogether if you can.

and what do you think would become of ico's future. the last big thing happened in 2017 but these days one would have to pray to the gods to catch on any good wave.

ICOs will increasingly become a byword for "unfinished crap" as people slowly start to realise what empty promises are actually worth.  Avoid.

after all this decentralize talk do you really think we are ready to rule our self yet?

Well, for starters, I don't think it's possible to make a bigger mess than the banksters did.  Also, it's a bit late to ask this question since Bitcoin users have been self-governing since the genesis block.  That was a while ago now.

and if you check google trend you would see that activity is dying down slowly

Hype comes and goes.  Sound fundamentals and underlying principles are here to stay.  Consider me unconcerned about what's trendy.  "Flossing" (AKA dancing like a bellend) is considered trendy.  That doesn't mean I should care about it.

[paper-eddy]

what do you all think would happen to BTC come 2019?. are we ever going to still experience a bull run or is this the best time to abandone ship?

Contrary to popular belief, Bitcoin's purpose is not to "experience a bull run" so you can sell it to accumulate more of your national currency.  What I'd like to see happen in 2019 is for more people to realise that freedom is worth whatever price it happens to be.

do you think bitmex shorts are a good thing for btc health or what?. knowing fully well that this exchange is giving out btc it does not have

Exchanges generally do what's best for themselves.  If you have to use an exchange, try to use one that isn't doing things you disapprove of.  Or, better yet, cut out the middleman altogether if you can.

and what do you think would become of ico's future. the last big thing happened in 2017 but these days one would have to pray to the gods to catch on any good wave.

ICOs will increasingly become a byword for "unfinished crap" as people slowly start to realise what empty promises are actually worth.  Avoid.

after all this decentralize talk do you really think we are ready to rule our self yet?

Well, for starters, I don't think it's possible to make a bigger mess than the banksters did.  Also, it's a bit late to ask this question since Bitcoin users have been self-governing since the genesis block.  That was a while ago now.

and if you check google trend you would see that activity is dying down slowly

Hype comes and goes.  Sound fundamentals and underlying principles are here to stay.  Consider me unconcerned about what's trendy.  "Flossing" (AKA dancing like a bellend) is considered trendy.  That doesn't mean I should care about it.

the trend runs the market. the more people are talking about something the healthier and more likely it would grow. but i agree with you with most of your replies, i just hope this downward slope corrects itself soonest.
and yes no trader would like to incur losses, bitcoin in its function serves as a means of payment. i would not be able to buy an equivalent amount of goods with the same bitcoin now thani had before. this is not a good thing

[everybet]

Contrary to popular belief, Bitcoin's purpose is not to "experience a bull run" so you can sell it to accumulate more of your national currency.  What I'd like to see happen in 2019 is for more people to realise that freedom is worth whatever price it happens to be.

I actually like this so much, "freedom is worth whatever price it happens to be." Very well said.

In response to OP, do you hold onto Bitcoin purely as an investment? One thing to keep an eye out for is the continued developments of the lightning network, which could be read about here: which could be read about here, in brief.

A piece of information you could be excited for is the launch of Bakkt- a company/cryptocurrency exchange founded by the owner of the NYSE that's partnering with both Microsoft and Starbucks. Expected launch is in late January.

I think most people should know by now that most ICOs were a load of nonsense and unfortunately a lot of people lost money investing in worthless whitepapers and anonymous teams. My opinion is that there is still value in a very select few of these projects, especially over the next couple of years. However, you're going to need to do some extreme due diligence to figure out which ones are not scams.

With regards to Google Trends, I agree that hype isn't necessarily the best thing to consider when understanding the value of Bitcoin as a whole. There are 10 years of work, development, and foundation that Bitcoin is built upon, and market cycles shouldn't distract that fact.

[Inosend]

Of course yes, it's just a matter of time, the world will get to know what bitcoin really is and its suppose.

[BrewMaster]

what do you all think would happen to BTC come 2019?. are we ever going to still experience a bull run or is this the best time to abandone ship?

how is this a this or that option? if we don't see a bull run it is not equal to abandoning the ship! you abandon something if you think it is sinking or dead. do you think bitcoin is dead?

do you think bitmex shorts are a good thing for btc health or what?.

you can't stop things like this. it is a free market. the rest of the market needs to be strengthened so that shorts can not cause a problem for it.

and what do you think would become of ico's future.

ICO is bullshit so it will die eventually. when and how is not clear but we can see that its death spiral has started a couple of months ago.

after all this decentralize talk do you really think we are ready to rule our self yet?

being decentralized has nothing to do with the price though.... and all you talked about was price here.

and if you check google trend you would see that activity is dying down slowly

google trends is not an indication of anything. it just shows how many newbies are freshly coming in.

[xbiv2]

ICO is bullshit

Yes, it is.

[CryptoBry]

There is no question that the whole cryptocurrency market is now facing a very gloomy stage and there is no guarantee that it can get better in 2019 though things can be different if the ETF can be approved (though I still believe it can even be temporary as things are still based on supply/demand thing). In 2017, there was a bull run due to heavy speculations especially from new entrants to the market but now we know that things are different and nobody can say if volume of investors can be coming back for good. The only thing we can do is just watch and hope that things can be better in 2019. As to ICO projects, I think there will be big changes as token buyers are not anymore blind to the facts affecting this industry: less value, failed projects, unscrupulous people and scams, to name just a few. I am expecting many bad and good changes to happen in 2019.

[Haunebu]

Honestly, no one knows op. You need to understand that this is not a ponzi scheme where everyone are promising fixed returns every week, month or year. This is an extremely volatile market where there are no guarantees.

The market may experience another insane bull run, but I am confident that it might happen in the next 3 years. No one can perfectly predict when though. Based on my research, Bitcoin price may go ever higher and will drop again.

I honestly don't care about the FUD since I tend to ignore it and only listen to valid arguments. Just remember that you must be willing to risk losing your investment before investing in this market op.

[Pursuer]

The market may experience another insane bull run, but I am confident that it might happen in the next 3 years. No one can perfectly predict when though. Based on my research, Bitcoin price may go ever higher and will drop again.

when predicting a rise you shouldn't just look at the market and what people feel like today. instead you should look at the potential of bitcoin and speculate about that. in which case you can see how easy it is to predict a "bull run" in the future. you either see the potential in bitcoin or you don't. If you do then you also see the big bull run coming.

[PsylockReborn]

what do you all think would happen to BTC come 2019?. are we ever going to still experience a bull run or is this the best time to abandone ship?

No one can tell. All we need to do is just wait for that moment to come. I don't believe in experts' about btc skyrocketing. We all can't predict the future. The best thing for us to do is diversify our portfolio, do long term investments for bitcoin and wait for the moment where in we can purely profit. What I'm after is the next bitcoin halving. If the value of bitcoin wont shoot up after the next halving then that's the time that we should question its importance to crypto world. There's been a lot of things to consider. We should know when to stop or we lose our money down the drain.  

[leech.]

Bitcoin is the ideal currency to invest at the moment. I'm sure that growth will start soon, and the numbers on coinmarketcap will begin to rejoice those who bought Bitcoin. Then people will see growth and start buying themselves, then Bitcoin will grow even higher. Then the cycle will repeat. It's simple

[Teawhalee]

Yes it is.  Even though the current situation is saddening and people are really losing hope daily,  market cap is reducing almost every week and it seems this is the end.  But I believe things will get better and we will be back to our normal stance. 

[nutildah]

what do you all think would happen to BTC come 2019?. are we ever going to still experience a bull run or is this the best time to abandone ship?

Contrary to popular belief, Bitcoin's purpose is not to "experience a bull run" so you can sell it to accumulate more of your national currency.  What I'd like to see happen in 2019 is for more people to realise that freedom is worth whatever price it happens to be.

In general I agree with this sentiment and its all-too-forgotten that BTC was not designed to be an investment in and of itself. However, unless we can make fiat-to-BTC conversions faster and cheaper than they currently are, BTC is less than ideal as a means of currency, and it can only be viable as a transitional intermediary currency.

You could ask Venezuela or Iran how well their currencies are working out for them. If it loses value every day, as BTC has tended to do throughout this year, its not really a store of value and alternatives will be sought.

Sometimes a loaf of bread is more important than "freedom."

[Inosend]

But the truth is if you falled in love with bitcoin as an investor or get rich quick, then you must be heart broken right right, from the anus of my heart I sympathize with you all.

[taguig]

I'm new to cryptocurrency but prefer to stay on and watch and wait for the bull run, I believe there are a lot of fo newbies like me who prefer to stay on, of course, the trend is low but people will get back after they see improvement on the price, hopefully, next year is a different scenario.

[gesdan]

we know that the price of bitcoin is going down and more and more, and right now the bitcoin reach the lowest price in 2018, but i hope that its over in this year, and i hope that in 2019 the price of bticoin can rise up more and more again

[alex_gr_cc]

I believe that the bitcoin rate is falling because the US stock market is falling. The entire global financial market is now bearish. But the cryptocurrency market does not always repeat the trend of the stock market. Therefore, I still hope that when the price of bitcoin reaches 2500 - 3000 USD, the market may become bullish.

[geminiboy]

where there is an increase there is definitely a decline, this is the real business market, the market is controlled by many people who have different ways, regardless of the btc value in the next year it will be in the public spotlight and btc price renewal will be seen