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

[Schirer]

for all outsiders that enter this,

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

What the hell are you talking about, this is ridiculous .
How can you deny the fact that we are in bear market, you can rationalize and look for explanations why this is happening , it will not make btc go up.

[cabron]

Bear Market or not, certainly there is a huge difference between the price today than the price of coins 12 months ago. Calling it a bear market or not doesn't matter. People lose their money due to this liquidity and everyone seem to panic. There is more to educate about the technology than letting them know its not just about profit.

[KingScorpio]

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.

well first time there was a collapse in price. bitcoins growth story obviously ended. i think this is a support loss spiral,

entire world wants to create money and find idiots doing something for it. not just nakamoto, and these forum members here.

[BrewMaster]

one of the downsides of bitcoin communities have always been the fact that there will be a lot of kids in it who don't understand anything about the market but insist on participating in it. some of them choose the route of nonsense spreading because they think if they do that they can make money by shorting bitcoin or maybe buy more of it when it drops more.

based on what i have seen this type of people is contributing to volatility, not by their nonsense but by their late FOMO purchases and panic sells that feeds the whales.

[KingScorpio]

oh noooo

vitalik attacks bitcoin

https://twitter.com/VitalikButerin/status/1077548790272405504

"I don't believe in proof of work!"

what you gonna do now?

hate vitalik like you hate me in this forum?

[KingScorpio]

one of the downsides of bitcoin communities have always been the fact that there will be a lot of kids in it who don't understand anything about the market but insist on participating in it. some of them choose the route of nonsense spreading because they think if they do that they can make money by shorting bitcoin or maybe buy more of it when it drops more.

based on what i have seen this type of people is contributing to volatility, not by their nonsense but by their late FOMO purchases and panic sells that feeds the whales.

well you have created a  currency whos value is completely just based on the attention it has (attention hack) this way you are forced to live with the negative consequences

[michellee]

I am a little bit confused about what his say because although we are in the bear market, the price does not stay at the lower price but the price still moving up and down and I don't think that the price will be sideways in one level price. I won't say it's bear or bull, but I'd better say that the market is making good progress and the best news is the market still alive, and it shows by the changing of the price in many times.

[KingScorpio]

I am a little bit confused about what his say because although we are in the bear market, the price does not stay at the lower price but the price still moving up and down and I don't think that the price will be sideways in one level price. I won't say it's bear or bull, but I'd better say that the market is making good progress and the best news is the market still alive, and it shows by the changing of the price in many times.

well to me this forum feels today quite different to the past, once it was a hey look we made money bring your savings and buy it

towards

how the hell can we survive.

[biskitop]

and worse, the cycle occurs repeatedly. people sell the bitcoin they have to buyers, and buyers then sell it again in the same market, so basically bitcoin doesn't move far and this makes it very difficult to grow. there should be a certain company or agency that accepts bitcoin as a payment tool so that there is a transfer of bitcoin flow.

[mk4]

oh noooo

vitalik attacks bitcoin

https://twitter.com/VitalikButerin/status/1077548790272405504

"I don't believe in proof of work!"

what you gonna do now?

hate vitalik like you hate me in this forum?

So Vitalik believes proof of stake>proof of work. So what? While I entirely disagree, it's a hugely debatable topic. As for your opinions though? That's something else.

[KingScorpio]

oh noooo

vitalik attacks bitcoin

https://twitter.com/VitalikButerin/status/1077548790272405504

"I don't believe in proof of work!"

what you gonna do now?

hate vitalik like you hate me in this forum?

So Vitalik believes proof of stake>proof of work. So what? While I entirely disagree, it's a hugely debatable topic. As for your opinions though? That's something else.

my oppinion was clearly no bearmarket but -> support loss spiral

[BrewMaster]

vitalik
"I don't believe in proof of work!"

this has nothing to do with bitcoin. he is just trying to make more money by forcing an ethereum hard fork to PoS where he can do nothing and earn profit on the huge amount of premined ether that he owns.

one of the downsides of bitcoin communities have always been the fact that there will be a lot of kids in it who don't understand anything about the market but insist on participating in it. some of them choose the route of nonsense spreading because they think if they do that they can make money by shorting bitcoin or maybe buy more of it when it drops more.

based on what i have seen this type of people is contributing to volatility, not by their nonsense but by their late FOMO purchases and panic sells that feeds the whales.

well you have created a  currency whos value is completely just based on the attention it has (attention hack) this way you are forced to live with the negative consequences

nobody is forcing your to continue buying and using bitcoin. sell your bitcoins, stop and get out and log out of here too....
oh wait, you won't

[KingScorpio]

nobody is forcing your to continue buying and using bitcoin. sell your bitcoins, stop and get out and log out of here too....
oh wait, you won't

i dont think vitalik needs more money, his is already billionaire.

i am fixing the negative consequences of the attention hack you did for me personally and shifting them towards my interests.

[ranman09]

The chart is going down, and it's not just a down it's a huge down, so I won't call it anything but a bear market. Don't worry it should go up soon. Bitcoin nearing a bottom and it won't be there for long because of bitcoin's potential. We just need to be patient.

[imstillthebest]

The chart is going down, and it's not just a down it's a huge down, so I won't call it anything but a bear market. Don't worry it should go up soon. Bitcoin nearing a bottom and it won't be there for long because of bitcoin's potential. We just need to be patient.

No mate . the price is starting to recover because as what ive seen , almost all coins that hodl are now all in green and they have rise alot of percentage  . with that , i can safely say that this is already a bull ( a partial bull maybe )  . 

If you didnt notice what ive noticed , then chances are you are only foccusing on one to two coins .

[hulla]

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

You're right with what you said about this current market not to be a bear market but I believed it market correction. Like you said the big whales which you founder manipulated the price of the market by pumping their money into the market and once the price reaches a new ATH the next thing they do is to dump their holding which will lead to them making profit while the new investors are the prey.

[mk4]

my oppinion was clearly no bearmarket but -> support loss spiral

And that's not even an opinion. I'm not going to disagree on the "death spiral" part, but bitcoin not being in a bear market is just factually wrong. Check my previous reply, in case you didn't notice it or if you purposely ignored it:

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

[pooya87]

oh noooo

vitalik attacks bitcoin

https://twitter.com/VitalikButerin/status/1077548790272405504

"I don't believe in proof of work!"

what you gonna do now?

hate vitalik like you hate me in this forum?

So Vitalik believes proof of stake>proof of work. So what? While I entirely disagree, it's a hugely debatable topic. As for your opinions though? That's something else.

they are just trying to revive ethereum which has been having one problem after another in addition to  wanting to regain their 100% control over the network as they feel threatened by miners and the way they can take the control they had from them, specially with ETH ASICs now starting to become a thing.

as for OP, he is just using "buzzwords" in an attempt to create what he thinks is FUD...

[KingScorpio]

my oppinion was clearly no bearmarket but -> support loss spiral

And that's not even an opinion. I'm not going to disagree on the "death spiral" part, but bitcoin not being in a bear market is just factually wrong. Check my previous reply, in case you didn't notice it or if you purposely ignored it:

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

that is all with the assumption that you are a legitimate institution in a static market and not a group that executed a stealthy attentionhack.
from that perspective the "bear market" part is questionable. as the support for that hack will diminish.

but we dont have to be in a conflict here we will see anyway.

[KingScorpio]

oh noooo

vitalik attacks bitcoin

https://twitter.com/VitalikButerin/status/1077548790272405504

"I don't believe in proof of work!"

what you gonna do now?

hate vitalik like you hate me in this forum?

So Vitalik believes proof of stake>proof of work. So what? While I entirely disagree, it's a hugely debatable topic. As for your opinions though? That's something else.

they are just trying to revive ethereum which has been having one problem after another in addition to  wanting to regain their 100% control over the network as they feel threatened by miners and the way they can take the control they had from them, specially with ETH ASICs now starting to become a thing.

as for OP, he is just using "buzzwords" in an attempt to create what he thinks is FUD...

i dont care about ethereum i dont even use it, i like waves much more, especially because its not overrun by speculants, (its speed and security are here a plus)

i dont think encription plattforms will be significant in the long run, like they are currently.