The biggest battle for Bitcoin's life is coming

[marcbitcoins]

Ready to sell it when Bitcoin price falls to below $9,000 again as i bought them at $8,000 therefore there is nothing to lose if i sell it if the price will really to fall on that figure. There is no need to keep on holding but with this scary event which i already experienced on Dec 2017 then sell high and buy it low again will be the best option for me.

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[cacvy3]

Bitcoin is super weird at the moment, i do not even understand what is going to happen tomorrow, so we should not be worried that much. Anyway, most of my funds are on Stable coins like uSDT and Trueusd, i consider them much more safer than bitcoin or ethereum.
Maybe this is something that you should start doing also.

[Fundamentals Of]

Ready to sell it when Bitcoin price falls to below $9,000 again as i bought them at $8,000 therefore there is nothing to lose if i sell it if the price will really to fall on that figure. There is no need to keep on holding but with this scary event which i already experienced on Dec 2017 then sell high and buy it low again will be the best option for me.

Oh my! And do you think that $9,000 is not too low anymore? We have already touched $14,000 in the past days. The correction is even too hard at $9,000. I was even considering that it will not fall down below $10,000. $10,000 is already $4,000 less than the new ATH within the year. There is no point selling at below $9,000 when you bought yours at $8,000. Why didn't you sell them at $14,000? Why decide to sell them below $9,000? That is honestly weird and wrong to me.

[jseverson]

It is not only about Trump tweets, but also about that dramatic press conference by U.S. Treasury Secretary Mnuchin who is just repeated same old stuff about crypto and how US will do everything to keep US $ as main reserve currency of the world.

I do not see that as "battle that is coming", but as a continuation of a battle that lasts as long as bitcoin exists.

I completely agree. I mean, did anyone really expect the US to welcome the idea of any other currency, Bitcoin included, to take over as the global main reserve currency? Trump's statement and this press conference doesn't really change anything IMO. They say their only concern is fraud, which seems to line up with their current actions (going after taxes, intensified AML enforcement, etc.), meaning Bitcoin should be mostly safe for now.

[samcrypto]

Ready to sell it when Bitcoin price falls to below $9,000 again as i bought them at $8,000 therefore there is nothing to lose if i sell it if the price will really to fall on that figure. There is no need to keep on holding but with this scary event which i already experienced on Dec 2017 then sell high and buy it low again will be the best option for me.

Are you sure about this one because we know the market is better now and if you continue to hold that for sure it will be more worth it. You can buy more at the lower price, and it can also lower you cost which is good for you to have profit. The life with bitcoin in the past days are not that good but we still have the chance to go up. This is the battle between you and your emotion, don't think the market will go below than the bottom last 2018.

[figmentofmyass]

I hope everyone is ready for it, because it's going to be the biggest test in your HODLING abilities, and resolve.

What would transpire is the biggest socio-political/socio-psychological attack that the community would ever see, and it would involve state-level actors/governments.

Prepare yourselves. It's coming.

come on man, say what you mean. what's coming, exactly?

sounds like you've got your tin foil hat strapped on pretty tight. maybe you should head over to the speculation board and duke it out with roach, shelby, and the other conspiracy nuts. may the best conspiracy theory win!

[Kakmakr]

I hope everyone is ready for it, because it's going to be the biggest test in your HODLING abilities, and resolve.

What would transpire is the biggest socio-political/socio-psychological attack that the community would ever see, and it would involve state-level actors/governments.

Prepare yourselves. It's coming.

We already had these battles with the governments from many different countries and we are still here. The statements from Trump does not reflect the political view of all the people in the Senate and all the people from the different States. I personally think the Trump administration is just playing political games at the moment, because a lot of the people close to Trump was Bitcoin supporters prior to the elections. <They are just apposing the direction that Facebook is taking with the introduction of the Libra now.>

We fought this battle with the US government a few years ago, before Bitcoin was defined and then the US decided to define Bitcoin and Crypto currencies as a Commodity and not as a currency. 

[TheUltraElite]

I doubt bitcoin needs to "prepare" for anything. What we have seen is manipulation by several heavy hitters from politics and economics sectors but that didnt affect the market much just for transient moments yes. Keep in mind that people are there who support bitcoin and they wont go down without a fight. With the advent of more blockchain based systems we might be going towards a lenient attitude from governments regarding crypto which would be a good thing.

I feel the future is bright for bitcoin and not dark. Maybe you dont agree, but I have seen worse censorship and propaganda, this is nowhere close to that.

[Wind_FURY]

I thought we've already seen it's biggest battle when it dropped bitcoin to $3200, if this one is bigger, then probably we will go back to $1000.

I don't know where the market goes, but I believe we haven't seen serious concerns from "them" like this before.
For the first time, the state-level actors are concerned about losing their power/monopoly over money/currency creation/printing.

So you're scared of Trump.

To quote you.

No, I'm scared that Zeitcoin will topple, and kill Bitcoin. Hahaha.

I said, Bitcoin's greatest forms of socio-psychological, and socio-political attacks is about to come. Be prepared. Who said anything about scared?

You sound scared.

Where Bitcoin is going, there is no "scared". The "scared", and the Bitcoin fudsters, don't understand how it works, or what makes everything stick together, and that the only way to win is to be in the game. That's the game theory.

Bitcoin will take over. BUT, I am scared I won't be HODLING that much.

ZEIT will just outlive Bitcoin.

How is something dead going to outlive Bitcoin. Haha!

Bitcoin's energy waste and world government are what will kill/ban it.  

The state-level actors will mine it themselves, subsidized by their tax payers.

[squatter]

Give us a hint. Another miner-backed fork attempt a la Bitcoin Cash, this time backed by state actors?

The state-level actors will mine it themselves, subsidized by their tax payers.

That doesn't exactly sound like an attack to me. More like an endorsement! Unless it's not Bitcoin they're mining.

[Betwrong]

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Well technically the biggest battle for bitcoins life in price terms was back in 2011 when it fell from $32 to $0.01 so yeah.....But if you are talking in terms of censorship,FUD and competition from centralised "coins" then i am inclined to agree.

I just want to make one clarification. In June 2011 the price of BTC dropped from $32 to $17 naturally,  just like it always happens with this volatile coin.

Bitcoin price from May 2011 to June 19 2011


But then, in June 19, a hacker gained access to administrative account of Jed McCaleb on MtGox, sold many Bitcoins(on MtGox) to crash the price and to withdraw as many BTC as possible within the $1,000 per day limit. Theoretically, hacker could withdraw 100,000 BTC, but, fortunately for MtGox, the exchange also had Bitcoin based withdrawal limit, and thus the hacker managed to withdraw only 2,000 BTC.

I mean, it wasn't a natural decline, because, I think, no one, except for that hacker, was selling Bitcoin at low prices, and I think this situation when Bitcoin "was" $0.01 lasted only hours.

But I agree that it was a major challenge for Bitcoin with which BTC successfully coped, like with many others afterwards.

[Wind_FURY]

Give us a hint. Another miner-backed fork attempt a la Bitcoin Cash, this time backed by state actors?

The state-level actors will mine it themselves, subsidized by their tax payers.

That doesn't exactly sound like an attack to me. More like an endorsement! Unless it's not Bitcoin they're mining.

Yes, that's when some of the state-level actors internalize that the only way to win the game is to be in the game playing. But it won't go straight to that, and not all state-level actors will be Bitcoiners all of a sudden. There will be attacks, and it will come in stages.

I believe we're seeing the first stage with all the senate inquiries in the United States.

[antisocial77]

When bitcoin fell hard, everybody say its the last drop but its not.it was same when btc is 20k, 10k, 8k, 6k.there will be corrections and nobody knows where will btc stop.now we are talking about 1k, what next? 1 $?

[CBANX2]

Bitcoin battle is not for now, but from its birth Bitcoin is fighting a survival battle, the only thing that has changed in this time is Bitcoin hodler is fighting a battle for survival due to its price fluctuation.

[Ioann11]

The authorities are always looking for a benefit for themselves, so any sticks in the wheels of them are provided to the ordinary citizen! I believe in a million dollars for one BITCOIN!

[muratsink]

BTC and crypto are places to save our assets, geopolitics cannot affect BTC and crypto charts, but when there are actors who speak more specifically about crypto, BTC will fall.  trade war between China and US became the main role in influencing global markets, China and US refused BTC, then Trump chose skepticism with virtual currencies.  but he likes to make bad comments.BTC will fall to $ 6000, HOLD to death.

[Artemis3]

what will be the nature of this much anticipated battle? what could the target be during this cold war? price dump or pump? these and more are some questions that need solemn answers.

"First they ignore you, then they laugh at you, then they fight you, then you win” -- Mahatma Gandhi.

In over a decade they ignored and laughed at "fake money" bitcoin, now they enter the third phase. Seems to be progressing good...

[KenRodriquest]

I hope everyone is ready for it, because it's going to be the biggest test in your HODLING abilities, and resolve.

What would transpire is the biggest socio-political/socio-psychological attack that the community would ever see, and it would involve state-level actors/governments.

Prepare yourselves. It's coming.

Bitcoin would probably say bring it on..

[buwaytress]

Jesus, really? Well come already, I've been waiting for this showdown for a really long time. But you know what? Like most things we expect, it either will only come when we're no longer expecting it or... it comes and it's an underwhelming whimper of everything it was made out to be. I don't like entertainment and drama when it comes to my money though, so I'm hoping it's the latter.

[nicecrypto]

Btc has survived everything that has thrown at it, i really don't see what else could happen that hasn't been seen before, worse case scenario price will drop drastically which has been witness this past year, nobody can remove blockchain from the face of the earth, and as long as that don't happen i don't see what else is New