Let me be clear to you, this is not a Bear Market!

[KingScorpio]

for all outsiders that enter this,

you have to understand that the current claim that bitcoin suffers from a "bear market" is absolutely wrong.

the bitcoin founders in their unlimited greed tried to push the price as high as possible, but ultimately wasted, aquired all possible support they were able to obtain.

without potential new kapital to attract they are now in a stuck situation, as they cant attract new capital anymore to push the value of their beloved "bitcoin"

this stagnation combined with the automatic liquidity loss (miner electricity and infrastructure bill) leads to a slow drain out of capital for bitcoin.

but thats not all, they also are trapped in a death spiral, as people that use bitcoin as a currency, will pay it to someone who doesnt share their "investor confidence"

through the existing deathspiral the bitcoin "earners" then sell their bitcoin in the market again which leads to a continueing collapse in value.

the whole story about "bear market" is just wishthinking or worse deliberate satisfaction, or moral stabilisation procedures to keep intact their "community".

from a socioeconomic perspective of bitcoins situation

according to logic, you are never in a bearmarket, but in reality in a support loss spiral

regards

[1715330509]

1715330509

[1715330509]

1715330509

[Gloverwrt]

the bitcoin founders in their unlimited greed tried to push the price as high as possible, but ultimately wasted, aquired all possible support they were able to obtain.

There is only one name associated with the creation of bitcoin and that is, Satoshi Nakamoto. And he has never been identified.
He reputedly own a lot of bitcoins and could manipulate the value, but it is very unlikely that happened.

The bear market is used in relation with previous peak. It may have been unsustainable at that time, but the asset has shown the ability to climb to such highs. And it's now down about 79%

[BitcoinHodler]

keep telling yourself that

what you are to young to understand is that your spams on bitcointalk don't make a thing in the market at all. and yet you continue to tire your fingers spamming the same nonsense here every day

[KingScorpio]

the bitcoin founders in their unlimited greed tried to push the price as high as possible, but ultimately wasted, aquired all possible support they were able to obtain.

There is only one name associated with the creation of bitcoin and that is, Satoshi Nakamoto. And he has never been identified.
He reputedly own a lot of bitcoins and could manipulate the value, but it is very unlikely that happened.

The bear market is used in relation with previous peak. It may have been unsustainable at that time, but the asset has shown the ability to climb to such highs. And it's now down about 79%

they shifted from introducing a monetary system towards max profit marketed "their money"

that was quite bad idea, now they have basically swallowed all ressources or all potential supporters and paid their electricity bills and lambos with that money. it was in the end just a shift of purchasing power.

[KingScorpio]

keep telling yourself that

what you are to young to understand is that your spams on bitcointalk don't make a thing in the market at all. and yet you continue to tire your fingers spamming the same nonsense here every day

well i was right months ago. but i understand you, you are basically some kind of goebbels of bitcoin propaganda ministery  .

i keep with my thesis you have now wasted all potential support you once had. it now out. you are not going to be the worlds monopolistic future currency like you wanted all to believe.

[avikz]

Hi KingScorpio,

What you are essentially saying is that bitcoin is in some sort of chain system of liquidity loss. I won't disagree with you but what I will disagree with you in the method you have mentioned. Bitcoin is not well established as a currency worldwide. People really can't pay their bills using bitcoins. We certainly have some exception countries like Japan and Germany but largely, bitcoin is an investment asset to many of us. These investors don't easily sell their currencies instead they hold it up to their coffers blocking the circulation.

Death spiral happens only when we have a lot of circulation going around between the believers and non-believers. That's not the case for bitcoin for sure. People sell their bitcoin to unlock its value and to be able to use it with their eco-system. But you need to understand that as we have sellers available in the market, we also have buyers in there.

The decreasing value of bitcoin is certainly a point to worry but it's not that simple to understand the nitty-gritties of what is happening in the background when we have a lot of buyers willing to buy it from those who are willing to sell it. I am sure, we need to see bitcoin as a currency instead of an investment here! Regulation and confusing legal status is effectively blocking that aspect and we are not seeing the circulation that we need to see for bitcoin to grow. Support loss spiral is not the single reason why bitcoin price is going down. It's more for us to fathom the reason!

[KingScorpio]

Hi KingScorpio,

What you are essentially saying is that bitcoin is in some sort of chain system of liquidity loss. I won't disagree with you but what I will disagree with you in the method you have mentioned. Bitcoin is not well established as a currency worldwide. People really can't pay their bills using bitcoins. We certainly have some exception countries like Japan and Germany but largely, bitcoin is an investment asset to many of us. These investors don't easily sell their currencies instead they hold it up to their coffers blocking the circulation.

Death spiral happens only when we have a lot of circulation going around between the believers and non-believers. That's not the case for bitcoin for sure. People sell their bitcoin to unlock its value and to be able to use it with their eco-system. But you need to understand that as we have sellers available in the market, we also have buyers in there.

The decreasing value of bitcoin is certainly a point to worry but it's not that simple to understand the nitty-gritties of what is happening in the background when we have a lot of buyers willing to buy it from those who are willing to sell it. I am sure, we need to see bitcoin as a currency instead of an investment here! Regulation and confusing legal status is effectively blocking that aspect and we are not seeing the circulation that we need to see for bitcoin to grow. Support loss spiral is not the single reason why bitcoin price is going down. It's more for us to fathom the reason!

jes well you are optimistic, i think since half a year that this is a support loss spiral, and i dont think it will anytime end. you were to greedy folks you didnt introduced bitcoin with a fixed price, you sacrificed it to the speculants in the market, which ultimately wrecked the image, as it drained out all potential support. its now becomming some kind of questionable digital gem.

there is still a way for cryptoindustry but not this way.

[Upgrade00]

I am sure, we need to see bitcoin as a currency instead of an investment here!

This can only be propagated by merchants and retail stores, both on and offline. Bitcoin circulation os spread among various countries. But it's not a readily available payment option when looking to make purchases. Except for some online services.

Volatility is one of the reasons it isn't yet accepted globally. And adoption is needed to reduce volatility

[b3llsf1l3s]

for all outsiders that enter this,

you have to understand that the current claim that bitcoin suffers from a "bear market" is absolutely wrong.

the bitcoin founders in their unlimited greed tried to push the price as high as possible, but ultimately wasted, aquired all possible support they were able to obtain.

without potential new kapital to attract they are now in a stuck situation, as they cant attract new capital anymore to push the value of their beloved "bitcoin"

this stagnation combined with the automatic liquidity loss (miner electricity and infrastructure bill) leads to a slow drain out of capital for bitcoin.

but thats not all, they also are trapped in a death spiral, as people that use bitcoin as a currency, will pay it to someone who doesnt share their "investor confidence"

through the existing deathspiral the bitcoin "earners" then sell their bitcoin in the market again which leads to a continueing collapse in value.

the whole story about "bear market" is just wishthinking or worse deliberate satisfaction, or moral stabilisation procedures to keep intact their "community".

from a socioeconomic perspective of bitcoins situation

according to logic, you are never in a bearmarket, but in reality in a support loss spiral

regards

even if indeed this is a bear market condition, then this is what should be utilized, if we can only blame the market conditions that are bearish or also often blame the market when it has crawled up and we have not yet got a position. Bitcoin can still be expected for a long period of time

[mk4]

Before making such claims that the markets aren't in a "bear martket", probably take a few minutes to search on what a bear market actually is. It just shows how unwilling you are to double check or verify your "facts".

"a market in which securities or commodities are persistently declining in value" - Merriam-Webster[1]

So whatever the reason is on why bitcoin is dropping in price, may it be because of the "bitcoin founders"(whoever you're referring to) pumping the price, may it be because of Putin, may it be because of aliens or something,  bitcoin is in a bear market. And that is a FACT.

Also, in behalf of the level-headed people here on bitcointalk, stop it with your baseless conspiracy theories. Thanks

[1] https://www.merriam-webster.com/dictionary/bear%20market

[Coyster]

There is no need spilling wrong informations,its a bear market today for the bitcoin,and that is not in doubt,whatever theories you bring out to back up your claim,does not still change the fact that the market is in a state of decline which ultimately means the market is bearish.
Can you give us a little proof as of your claim of "bitcoin founders" having an effect on the price of the bitcoin,i wonder who this founders really are

[AB de Royse777]

Bitcoin price now (December 2018) is: $3,742

Jan 2011: 0.30$
Jan 2012: 4.99$
Jan 2013: 14.00$
Jan 2014: 747.00$
Jan 2015: 317.00$
Jan 2016: 432.00$
Jan 2017: 998.00$
Jan 2018: 14,166$
Jan 2019:

The stat says we are having steady progress.

[bravehearth0319]

the bitcoin founders in their unlimited greed tried to push the price as high as possible, but ultimately wasted, aquired all possible support they were able to obtain.

There is only one name associated with the creation of bitcoin and that is, Satoshi Nakamoto. And he has never been identified.
He reputedly own a lot of bitcoins and could manipulate the value, but it is very unlikely that happened.

The bear market is used in relation with previous peak. It may have been unsustainable at that time, but the asset has shown the ability to climb to such highs. And it's now down about 79%

I just wondered that why until now Satoshi Nakamoto was still never been identified? If I am going to look at it, He/she doesn't care whether the market is bearish or bullish. Just all I know was that we are able to gain bitcoin or altcoins even if it is bearish or not that's the truth reality things happened here in this field business.

[avikz]

there is still a way for cryptoindustry but not this way.

I am all ears!

This can only be propagated by merchants and retail stores, both on and offline. Bitcoin circulation os spread among various countries. But it's not a readily available payment option when looking to make purchases. Except for some online services.

Volatility is one of the reasons it isn't yet accepted globally. And adoption is needed to reduce volatility

Wrong! It can be propagated only by the governments and no one else. If a government is crypto friendly and provides a framework for crypto circulation within their country, more retailers and stores will show interest in accepting cryptos as a method of payment. Like what happened to Japan, Germany and Malta.

On the other hand, if a particular government is not crypto friendly, they will start taking punitive measures against the crypto users. Like Canada and India. Both of these countries have ordered banking ban for crypto users and related businesses. So nothing is in the hand of common mass or merchant community unless the government itself takes step forward!

[Zin-Zang]

Bitcoin price now (December 2018) is: $3,742

Jan 2011: 0.30$
Jan 2012: 4.99$
Jan 2013: 14.00$
Jan 2014: 747.00$
Jan 2015: 317.00$
Jan 2016: 432.00$
Jan 2017: 998.00$
Jan 2018: 14,166$
Jan 2019:

The stat says we are having steady progress.

Stats show a Bear Market from 2014 thru 2017.
So if history does repeat itself.

Jan 2018: 14,166$
Jan 2019:   3,499
Jan 2020:   4,159

Next Bull Run Jan 2021.
If BTC is still around.

* Problem is this ,
Miners are firing staff and closing up left and right as for costs to maintain the network exceed the market price of BTC.
In the past history, the miners still had a little profit wiggle room.
Now they are all losing money and have been for ~year.
Too many miners drop off and BTC either becomes ripe for a 51% attack
or
network stalls for months until the few miners that remain wait for the difficulty to drop.

Either way the price of BTC will crash.  
Don't really see BTC surviving until 2021, not as it is currently coded anyway.
If BTC does not evolve , BTC will die.      PoW is a Failed experiment of a winner take all design, which makes everyone a loser.


 

[NeuroticFish]

Miners are firing staff and closing up left and right as for costs to maintain the network exceed the market price of BTC.
In the past history, the miners still had a little profit wiggle room.
Now they are all losing money and have been for ~year.
Too many miners drop off and BTC either becomes ripe for a 51% attack
or
network stalls for months until the few miners that remain wait for the difficulty to drop.

Either way the price of BTC will crash.  

I've heard this quite a lot in 2015. Some were preaching the same sad story. And indeed, some miners did close their businesses. And guess what? Bitcoin didn't die off, instead its price started to rise faster and faster.

You have to look at the technology, you have to look at the development, you have to look at the (increasing) number of businesses using Bitcoin as means of payment or just simply exchange it, you have to look at the number of people that knows about Bitcoin or own some. And the story will start to look intriguing: the things look so good and still the price trend looks this bad.

[Xardasim]

You should not look as an investment. And when it was created, I do not think it was priced and they thought they could managed it as they wish (if you think logically, it is easier to do it with paper money). These are unnecessary controversies and majority can be belonged to anything that be able to be traded.

[Lizzylove1]

With due respect, I don't believe your analysis as the community determine the growth and usage of bitcoin and not some creator trying to push it up and get stuck. Well, bitcoin will soon rise and beat all imagination, this bear is just a time bomb, waiting to overtake the fearful sellers.

[kelz1]

I am guessing he means the founders of bitcoin cash are the ones that ruined the bitcoin prices. Bitcoin itself was doing perfectly well having a record breaking amount of stability, even an ETF was looking good until this happened

[teejayrichard2]

if all you said is true, then how do you explain the situation in the bitcoin price which rose and fell several times in the past. was it same push by bitcoin creators?