Is bitcoin a failed experiment?

[FightThePower]

Today I'm thinking of selling my BTC even though it would be a big loss right now I've been with BTC a while and used to the volitility but this time I believe it's different

I was a believer in BTC and the future of crypto I believed having 1 or more BTC was a smart thing to do that many would look back in 10 to 20 years wishing they'd bought some when it was still obtainable by the regular Joe.

Now I feel that BTC will trend down hitting sub 1 dollars prices possibly even 0 over the next 12 to 18 months. the current coronavirus outbreak has been BTCs first real test and it failed hard and failed immediately. It's not a store of wealth and its failure to hold value in a economic down turn is spectacular and visible to all.  Today I think BTC is a failed experiment. What are your thoughts?

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[davis196]

You look like the typical Bitcoin newbie.
At a 10K USD bitcoin price and a bullish trend,you "believe in the future of Bitcoin".
At a 8.5K USD price correction and a possible bearish trend,you don't believe in the future of BTC anymore and you start whining that the price will go to 1 USD in 12 months to 18 months.This just isn't serious,man.
If you wanna sell everything,just do it.Panic selling is something normal,unfortunately,I've done it before.
Stop whining and act like a man.
The question "Is bitcoin a failed experiment?" has been asked 134934565 times on this forum and every time  it's asked at a bearish trend,when the price was falling.Bitcoin is here for more than 10 years and it isn't going anywhere near 1 USD or USD price.

[xvids]

You look like the typical Bitcoin newbie.
At a 10K USD bitcoin price and a bullish trend,you "believe in the future of Bitcoin".
At a 8.5K USD price correction and a possible bearish trend,you don't believe in the future of BTC anymore and you start whining that the price will go to 1 USD in 12 months to 18 months.This just isn't serious,man.
If you wanna sell everything,just do it.Panic selling is something normal,unfortunately,I've done it before.
Stop whining and act like a man.
The question "Is bitcoin a failed experiment?" has been asked 134934565 times on this forum and every time  it's asked at a bearish trend,when the price was falling.Bitcoin is here for more than 10 years and it isn't going anywhere near 1 USD or USD price.

OP is surely a newbie to the crypto industry I think OP never experienced it before.
OP you are free to do whatever you want you could sell it or believe on whatever you think,
But have you seen the chart? do you really think that your assumption would be true?
If you couldn't handle it then just quit it is better than to stress yourself over and over again and anytime the market would go down.
If BTC is a failed experiment then it was so great that it even came up to $20K from being a cents per piece.

[pooya87]

in your eyes (who have been expecting to become rich overnight by buying bitcoin) it looks like a failed experiment because you never bothered to figure out why bitcoin was created in first place. you think the only purpose of it is to give you profit which is obviously wrong. don't worry you are not the first one to make this mistake and lose a lot of money short term trading trying to make profit from daily fluctuations.

[Daniel91]

Today I'm thinking of selling my BTC even though it would be a big loss right now I've been with BTC a while and used to the volitility but this time I believe it's different

I was a believer in BTC and the future of crypto I believed having 1 or more BTC was a smart thing to do that many would look back in 10 to 20 years wishing they'd bought some when it was still obtainable by the regular Joe.

Now I feel that BTC will trend down hitting sub 1 dollars prices possibly even 0 over the next 12 to 18 months. the current coronavirus outbreak has been BTCs first real test and it failed hard and failed immediately. It's not a store of wealth and its failure to hold value in a economic down turn is spectacular and visible to all.  Today I think BTC is a failed experiment. What are your thoughts?

If we use your logic than stock market is also failed experiment.
In the last days stock markets all over the world lost a lot values because of coronavirus.
I didn't hear anyone to talk that because of this stocks markets are failed experiment but everybody see great opportunity now to buy many very cheap stocks and make good profit later.
It's the same with btc market,  everything depends simple on supply and demand not coronavirus.

[rijaljun]

What comes by the hype, goes by the fear.

If you believe Bitcoin's future value blindly especially if you come to this world because of the hype, then it makes sense that you want to leave this out now.

I wouldn't say you are wrong or right on your decision, but you may know bitcoin has failed several times and there might be people who think like you before, far before you made this thread and they were wrong.

[mk4]

Now I feel that BTC will trend down hitting sub 1 dollars prices possibly even 0 over the next 12 to 18 months.

Boy, you wish. You're completely underestimating the amount of people that would hoard up BTC if it drops under a thousand dollars, what more $100 and what more sub $1?

the current coronavirus outbreak has been BTCs first real test and it failed hard and failed immediately.

Who says bitcoin dropped in price due to the coronavirus outbreak in the first place? That's just a baseless theory.

It's not a store of wealth and its failure to hold value in a economic down turn is spectacular and visible to all.

This part, I'm going to be 50-50. It might not be the best store-of-value today due to the heavy volatility and very low liquidity(compared to other bigger assets), it doesn't mean it's going to be this way forever. Remember, bitcoin is just 10 years old. You know why gold has so much liquidity and is a great store of wealth? Because it's being traded since forever! And were' already concluding that bitcoin is a failed experiment this early on? Nah man.

[vycl87]

Today I'm thinking of selling my BTC even though it would be a big loss right now I've been with BTC a while and used to the volitility but this time I believe it's different

I was a believer in BTC and the future of crypto I believed having 1 or more BTC was a smart thing to do that many would look back in 10 to 20 years wishing they'd bought some when it was still obtainable by the regular Joe.

Now I feel that BTC will trend down hitting sub 1 dollars prices possibly even 0 over the next 12 to 18 months. the current coronavirus outbreak has been BTCs first real test and it failed hard and failed immediately. It's not a store of wealth and its failure to hold value in a economic down turn is spectacular and visible to all.  Today I think BTC is a failed experiment. What are your thoughts?

So many people keep asking same questions when Bitcoin price start to fall down. But you should stop and think twice before acting.

For example I found that one for you;
One of our forum members asks in 2011 if the price of Bitcoin fell below $ 9.50, would you sell them all?

Some people here believe the true value of Bitcoins is under $5, and if the inflationary wall at $10 could be breached then it would plummet further. Basically would you sell everything to save what little value you have left?

And the other members answered: NO! Buy buy buy! Bitcoin price is not falling for the first time. There is no need to panic here. There are a lot of similar posts created here in the past, and many people who panicked and sold their bitcoin. And all those who do this are very regretful now.

[Slow death]

Today I'm thinking of selling my BTC even though it would be a big loss right now I've been with BTC a while and used to the volitility but this time I believe it's different

I believe you are making this decision because the price has dropped from $9300 to $8500, right? but that was expected since the price failed to stay above $10500. $10500 is an important resistance, and the 3 times the price tried to break the $10500 always ended with price drops

I was a believer in BTC and the future of crypto I believed having 1 or more BTC was a smart thing to do that many would look back in 10 to 20 years wishing they'd bought some when it was still obtainable by the regular Joe.

if you haven't hold for at least 2 years or 3 years, how the hell can you complain?

Now I feel that BTC will trend down hitting sub 1 dollars prices possibly even 0 over the next 12 to 18 months.

this is definitely impossible

the current coronavirus outbreak has been BTCs first real test and it failed hard and failed immediately. It's not a store of wealth and its failure to hold value in a economic down turn is spectacular and visible to all.  Today I think BTC is a failed experiment. What are your thoughts?

why people think that with coronavirus the price of bitcoin would increase? many people are dying, many people are in quarantine, why would someone sick think about buying bitcoin? don't people think that with bitcoin coronavirus it will also be harmed?

[sheenshane]

snip-
Now I feel that BTC will trend down hitting sub 1 dollars prices possibly even 0 over the next 12 to 18 months.

You'd witnessed now a downtrend but that is only a small correction of the Bitcoin price. I have been watching the Crypto market price for almost 3 years and I experienced the worst downtrend last year compared to this year. So, there's nothing to worried about because that's how volatile works on Bitcoin.

Bitcoin will never have a predictable movement. Ever. Unless someone is actually trying to control the market and is trying to fool the mass that they can predict the movement. Then the result might be something we wouldn't want to happen. That is for them to change the movement quickly and since the people are fooled with their nonsense prediction, then the real players would take advantage of it.

Coronavirus outbreak has nothing to do with the price of Bitcoin they are not correlative. And, it is impossible that Bitcoin will become to zero price unless if the whole world against it and banned all sites that may access Bitcoin. Adoption is not the thing here. Blockchain has never been adopted by the first-world countries to support crypto. They have used it for different purposes and that basically it.

[Yaunfitda]

Today I'm thinking of selling my BTC even though it would be a big loss right now I've been with BTC a while and used to the volitility but this time I believe it's different

Can you explain in detail why you think that BTC is different?

I was a believer in BTC and the future of crypto I believed having 1 or more BTC was a smart thing to do that many would look back in 10 to 20 years wishing they'd bought some when it was still obtainable by the regular Joe.

I think many of us here feel still feel the same, we still believe that owning at least 1 BTC in our lifetime will be game changer in the next 10 years.

Now I feel that BTC will trend down hitting sub 1 dollars prices possibly even 0 over the next 12 to 18 months. the current coronavirus outbreak has been BTCs first real test and it failed hard and failed immediately. It's not a store of wealth and its failure to hold value in a economic down turn is spectacular and visible to all.  Today I think BTC is a failed experiment. What are your thoughts?

What do you mean failed? I'm sure you have been here when there are attempts from ETH, remember "Flippening", or even XRP "Rippening"? that was one of a real test for us, the price that time really goes down, many thought that ETH will overtake BTC but look what happens. Maybe your mindset is wrong, BTC is not an experiment per se, and if this an experiment, its a 10 year long experiment that has benefit many people globally.

[Kuffy]

Well this is the first post that I've seen blaming the Corona virus for a drop in the price of Bitcoin. The virus has been around since the 1960s, and it must be amazing that Bitcoin ever managed to get started in that case. The banking elite never let a good crisis go to waste, so they are probably using the current manufactured pandemic to accumulate Bitcoin. They have done it with gold and silver for years, but if they can demonstrate that the price of Bitcoin is unreliable, it will help them to issue their crypto replacement for the failed fiat system.

A good pandemic will convince people that a global financial reset if needed, but most Bitcoin Talk members can see through this ploy. If you aren't a member of Bitcoin Talk, you will just have to keep taking the pills.

[Wind_FURY]

Today I'm thinking of selling my BTC even though it would be a big loss right now I've been with BTC a while and used to the volitility but this time I believe it's different

I was a believer in BTC and the future of crypto I believed having 1 or more BTC was a smart thing to do that many would look back in 10 to 20 years wishing they'd bought some when it was still obtainable by the regular Joe.

Now I feel that BTC will trend down hitting sub 1 dollars prices possibly even 0 over the next 12 to 18 months. the current coronavirus outbreak has been BTCs first real test and it failed hard and failed immediately. It's not a store of wealth and its failure to hold value in a economic down turn is spectacular and visible to all.  Today I think BTC is a failed experiment. What are your thoughts?

Are you a troll?

Bitcoin is a software experiment that "could" fail, but it "has" not failed "yet". It's still leading the war of attrition against all shitcoins.

Plus if it "fails", it has opened the path to stateless, self-sovereign, decentralized cryptocurrencies.

[dentolas]

Although I see where you are comming from, I wouldn't say it is a failed experiment (yet)... everyone knows that BTC can't sustain adoption, we have all seen what happened during certain periods around the last bull run (BTC transfers were taking days) and BTC is still worth around 10k (2 yeas later)
I don't think that BTC will have the tools to deliver adoption, it is extremely volatile and limited in terms of transfer speed and cost (network gets clogged easily)... lightning network is a patch and as far as I know it is not yet working 100%...
And while we discuss this around the oldest crypto, there are several modern ones that can help ...

[Kemarit]

Well if you consider Bitcoin as an experiment, then definitely it can fail.

But then again, it is still fairly young how can we conclude it is is failed then? And as others have said, we have seen worst situations before, remember when the price dip as low as $3000? I can't remember if someone bitching around saying that Bitcoin is a failed experiment that time.

And because of a pandemic, you now lost your faith it in after being in the game for how many years? I think something is not right, this is just another test. And to be fair, even traditional markets are also hit, does it mean that they are a failure?

[Kuffy]

Well if you consider Bitcoin as an experiment, then definitely it can fail.

I don't believe it is an experiment. I think it was created by the central banks to prepare the world population for a new form of currency, and it was created with restrictions that prevent it from ever becoming the dominant world currency. It has been successful both as a development platform, and as the only virtual currency with "real value" rather than a new form of centralised fiat currency. Because of this, it is a real store of value in these uncertain times.

[dupee419]

From the way on how you look at BTC right now, I really think that you should either take time to decide or just simply sell your account and find a new way on how you'll be able to earn money, If you think that BTC is just an experiment and a waste of time then I think you should really move on and find new ways of gaining income.

[slaman29]

You look like the typical Bitcoin newbie.
At a 10K USD bitcoin price and a bullish trend,you "believe in the future of Bitcoin".
At a 8.5K USD price correction and a possible bearish trend,you don't believe in the future of BTC anymore and you start whining that the price will go to 1 USD in 12 months to 18 months.This just isn't serious,man.
If you wanna sell everything,just do it.Panic selling is something normal,unfortunately,I've done it before.
Stop whining and act like a man.
The question "Is bitcoin a failed experiment?" has been asked 134934565 times on this forum and every time  it's asked at a bearish trend,when the price was falling.Bitcoin is here for more than 10 years and it isn't going anywhere near 1 USD or USD price.

Yeah, bitcoin newbies who went in because they got greedy, they thought it was going to make them a lot of money in a few weeks like all the friends who told them to get in now. They don't believe in bitcoin and never did. All they believed in was a get rich quick scheme.

They probably also traded up and down with tether, never even used a real bitcoin wallet their whole life too. So they come in here to whine. Same old story and good riddance I say.

[hatshepsut93]

Every time Bitcoin drops, some newbies snap and panic sell, because they had this strange expectation that Bitcoin can only go up and it's there to make them rich quick. Often such people are investing for the first time, because anyone with experience understands that investment comes with the risk.

Do you want us to convince you to to hodl Bitcoin or are you just venting your frustration? Because if you are not ready to experience this markets downs, you don't deserve to experience its highs.

[mk4]

Well if you consider Bitcoin as an experiment, then definitely it can fail.

I think it's quite reasonable to call Bitcoin an experiment. Well, at least when it started out. Though Satoshi might or might not have been really really confident with Bitcoin's success, it probably could've failed in it's first few months(though it obviously didn't). But yea, though I don't see Bitcoin as an experiment anymore(probably just partly), I'd say as time goes it's becoming a lot less and less experimental.

[bitbunnny]

Why this thread isn't a surprise for me? Every time when the price starts to fall subjects like this appear saying that Bitcoin is dead, or failed, that it was a bubble, bad experiment and similar.
On the opposite, when the price goes up we have headlines like Bitcoin to the moon, Bitcoin is the best and similar. This is really annoying me and it's quite boring, same stuff all the time.
And people who don't realise so far how Bitcoin is functioning and what is the true value of it can't be helped anyway.

[AniviaBtc]

You look like the typical Bitcoin newbie.
At a 10K USD bitcoin price and a bullish trend,you "believe in the future of Bitcoin".
At a 8.5K USD price correction and a possible bearish trend,you don't believe in the future of BTC anymore and you start whining that the price will go to 1 USD in 12 months to 18 months.This just isn't serious,man.
If you wanna sell everything,just do it.Panic selling is something normal,unfortunately,I've done it before.
Stop whining and act like a man.
The question "Is bitcoin a failed experiment?" has been asked 134934565 times on this forum and every time  it's asked at a bearish trend,when the price was falling.Bitcoin is here for more than 10 years and it isn't going anywhere near 1 USD or USD price.

Yeah, bitcoin newbies who went in because they got greedy, they thought it was going to make them a lot of money in a few weeks like all the friends who told them to get in now. They don't believe in bitcoin and never did. All they believed in was a get rich quick scheme.

They probably also traded up and down with tether, never even used a real bitcoin wallet their whole life too. So they come in here to whine. Same old story and good riddance I say.

Bitcoin really help a lot of people because of its benefits to our lives and to our economy. I don't think that it is a failed experiment because of the legacy it has as a digital currency and there's no way that the other coins can surpass the value it has. Bitcoin really is a trend although volatile, management is just the key to overcome it. If you really want to test the effectiveness of bitcoin as an investment, it is not bad to take risk or do some experiment because your observations will dictate whether you will continue or to see if there's an improvement. Don't you ever think that bitcoin is a failed experiment, the money you have is in your on hands and it is on you if you want to lose it or grow it. Proper management and good trading strategies and skills is essential to have a successful bitcoin experiment.

[20kevin20]

Weaker hands don't get there are more people who don't have any fiat savings than people who do. One of the consequences is, when the need of a larger capital comes, all of those who did not save any cash will be obligated to sell their assets to get some tangible money.

That's why I don't give a damn. Today is the day I'm getting more BTC.

[Youghoor]

No, bitcoin has moved from an experiment to a solution and it has not failed, it is thriving and once mass adoption is achieved we can say it has become a big success. Do you know the number of bitcoin ATMs that have been developed across the world or the number of online platforms that are accepting bitcoin as mode of payment? You can decide to sell your holdings if you think bitcoin is a failed attempt. I would be happy to buy cheap!

[shoreno]

Today I'm thinking of selling my BTC even though it would be a big loss right now I've been with BTC a while and used to the volitility but this time I believe it's different . I was a believer in BTC and the future of crypto I believed having 1 or more BTC was a smart thing to do that many would look back in 10 to 20 years wishing they'd bought some when it was still obtainable by the regular Joe.

if thats what you sense then follow it  . our sense is more stronger than the other people  . actually im like you  , im also selling my btc at a small value but i dont say that i loose anything  .

Now I feel that BTC will trend down hitting sub 1 dollars prices possibly even 0 over the next 12 to 18 months.

isnt that amazing if that happen  ? many people are actually waiting for that moment  . imagine if they buy too much the value can just return over than the price it have right now  .

the current coronavirus outbreak has been BTCs first real test and it failed hard and failed immediately. It's not a store of wealth and its failure to hold value in a economic down turn is spectacular and visible to all.  Today I think BTC is a failed experiment. What are your thoughts?

fyi corona is not the first event that test btc but many harder events already happened on the past and btc survived so how much more than this  ?  and no one said that btc was a store of wealth  but btc is built as a currency use  .   btc is not a failed experiment but it was a succesful volatile currency   .

[buwaytress]

A guy who claims he's "been with btc a while" suddenly wants to give up now. Says it's going to be a big loss so I imagine that means you bought it at ATH, and are >55% loss (that's really not so big and highly unlikely you bought it at ATH if you've really been here "a while".

Why the new account though? Can't say this with your actual account?

Anyone who thinks Bitcoin's first real test is coronavirus... I don't know how to get on that plane of logic.

Explain in just 1 rational statement how the experiment failed. What's your parameter for success?

[angrybirdy]

So you are now giving up just because the price of btc suddenly drop, and by the way, don't think of coronavirus as one of the test for btc.

If you think that selling your btc is the best option you have, go ahead and regret your action in the future. You can always go and stay away from any related website to btc if you really think that bitcoin will drop its price to zero in the next 12 to 18 months.

[panganib999]

You look like the typical Bitcoin newbie.
At a 10K USD bitcoin price and a bullish trend,you "believe in the future of Bitcoin".

You're absolutely right, these new accounts are just posting topics that can easily attract the opposition on which the case now 99% is the opposition. I don't have words for these kind of thinking after a decade with bitcoin and getting exposed in bright light followed by mass adoption but still several people have the audacity to call it bubble and failed experiment.

At a 8.5K USD price correction and a possible bearish trend,you don't believe in the future of BTC anymore and you start whining that the price will go to 1 USD in 12 months to 18 months.This just isn't serious,man.
If you wanna sell everything,just do it.Panic selling is something normal,unfortunately,I've done it before.
Stop whining and act like a man.
The question "Is bitcoin a failed experiment?" has been asked 134934565 times on this forum and every time  it's asked at a bearish trend,when the price was falling.Bitcoin is here for more than 10 years and it isn't going anywhere near 1 USD or USD price.

The redundancy at its finest haha lol. They are talking about the impossibility and it sucks.

[Darker45]

Today I'm thinking of selling my BTC even though it would be a big loss right now I've been with BTC a while and used to the volitility but this time I believe it's different

I was a believer in BTC and the future of crypto I believed having 1 or more BTC was a smart thing to do that many would look back in 10 to 20 years wishing they'd bought some when it was still obtainable by the regular Joe.

Now I feel that BTC will trend down hitting sub 1 dollars prices possibly even 0 over the next 12 to 18 months. the current coronavirus outbreak has been BTCs first real test and it failed hard and failed immediately. It's not a store of wealth and its failure to hold value in a economic down turn is spectacular and visible to all.  Today I think BTC is a failed experiment. What are your thoughts?

Why do you think that the current coronavirus outbreak is Bitcoin's first real test? And why do you think it failed?

You must have misplaced assumptions about Bitcoin that may have caused you to link this current virus outbreak with it being a store of value. It seems to me that you simply have too many presumptions about Bitcoin, what it is, how it should function, and so on.

[DabsPoorVersion]

How come that the coronavirus becomes its first real test?

Does it look like a wall that can stop bitcoin? Also, I don't see any connection why bitcoins' price is dropping right now. You need to think deep and realize what you are about to do, this current crisis that the world is facing right now is already under control. This is not ended yet but at least they already have a progress on stopping this.

[Ridwan Fauzi]

The first conversation that I have to tell to you is 'Welcome to Bitcoin'

I'll understand your situation now, it is bad right?

Have you ask some old user bitcoin here? how they still keep bitcoin until right now? I guess you should ask them as well.

Because won't know that bitcoin has decreased more then right know, $20.000 to $3500 at 2018 ago, but are they leave bitcoin?

The answer is no honestly! They still keep bitcoin on their wallet and hoping that bitcoin will up more than $20.000.

If bitcoin failed as your thought now then bitcoin won't have any value. Bitcoin price will fall more than $3500 even it will fall to $0, but is that happen?

[XCANA]

  you're not inline with the technology Buddy, believe me that, you can't get rich quick. Many who have this type of your thinking ended up like this and later see Bitcoin as a long-term investment and not short term. Bitcoin has not failed and will not fail, just need to follow the technology and get friendly with it, that's all. Buying of Bitcoin and selling for profits errand has come and gone, ensure you invest on a long-term in Bitcoin.
According to Dr. Bruce the virus has decrease in its spread , so, let's wait to see the end of this fight as positive news are trending inn.

[dothebeats]

Yep, another troll post it seems. A viral outbreak does not measure the strength and effectiveness of a financial system, moreso its ability to help in such times. You can't cure COVID-19 with bitcoin in the first place, so why would anyone think that bitcoin prices are tanking down because it never helped in controlling the said virus?

This is the problem with people capable of limited thinking and unswayed perspectives: they only think of a single, possible and accepted scenario for them and that's it. Bitcoin was never designed to be the miracle currency of humanity.. It never was, it never is, but that doesn't make it any less successful than what it is now.

[Reid]

Today I'm thinking of selling my BTC even though it would be a big loss right now I've been with BTC a while and used to the volitility but this time I believe it's different

All of us here will respect your decision. There is still a lot more people out there who want that BTC that you own.

I was a believer in BTC and the future of crypto I believed having 1 or more BTC was a smart thing to do that many would look back in 10 to 20 years wishing they'd bought some when it was still obtainable by the regular Joe.

Has it been 10 years already? You are actually in the right direction but just impatient.

Now I feel that BTC will trend down hitting sub 1 dollars prices possibly even 0 over the next 12 to 18 months. the current coronavirus outbreak has been BTCs first real test and it failed hard and failed immediately. It's not a store of wealth and its failure to hold value in a economic down turn is spectacular and visible to all.  Today I think BTC is a failed experiment. What are your thoughts?

Really? Are we going to use this virus as the reason for a failed BTC?
Why not a nuclear strike? Why not if Satoshi is found?
Why not the fall of internet?
There are a lot of bigger reason out there and you are leaning to just a virus for a market to fall?
Be wiser than that!

[Docnaster]

Today I'm thinking of selling my BTC even though it would be a big loss right now I've been with BTC a while and used to the volitility but this time I believe it's different

I was a believer in BTC and the future of crypto I believed having 1 or more BTC was a smart thing to do that many would look back in 10 to 20 years wishing they'd bought some when it was still obtainable by the regular Joe.

Now I feel that BTC will trend down hitting sub 1 dollars prices possibly even 0 over the next 12 to 18 months. the current coronavirus outbreak has been BTCs first real test and it failed hard and failed immediately. It's not a store of wealth and its failure to hold value in a economic down turn is spectacular and visible to all.  Today I think BTC is a failed experiment. What are your thoughts?

I get what you are saying @FightThePower, and that you're fed up with the volatility but seeing this much distrust in the market is very interesting to me.
Fair enough, I'm sure you have your motives for saying and thinking that BTC seems to go towards a rapid crush but one thing I would like to ask you about is how do you know the coronavirus caused this?

I have the feeling this is an opinion as I can't find a direct measure linking this. I'm asking this as I want to update myself with this knowledge, and it would be important for others to know as well.

[Vanti Jena]

I find it quite funny to read your mind. You are thinking more about negativity in the market already. I have also entered this market with the belief that it will change my life. Because this market is just an emerging market and it is still showing more positive trends. We are here for different purposes, the immediate difficulties can be a sign for the whole crisis of the world economy. And I also think that when the economy is in crisis, it may no longer be a safe haven for your assets, and we will need to find new storage. And perhaps BTC will be a safe choice.

[Pamadar]

Statement comes from a so-called Bitcoin supporter, not sure how will you justify your claim that the value can fall up to $1 or no value at all. If you already lose your trust it's better to quit and sell everything that you have. There's no space to anybody who thinks that this industry only have progress in terms of rising it's value. The cycle is there to bring situation that real supporters needs to overcome while waiting for the best outcome of their investment inside.

[Sadlife]

You're telling us you've been a bitcoin believer for quite some time. But your account in Bitcointalk is a newbie, why haven't you heard about this forum all this time ? where all the bitcoin enthusiast, crypto trader and investor gather. Perhaps you're one those fear mongering stock investor that wants to spread FUD.
Sorry man we've seen this kind of market time and time again.

[alexsandria]

You're telling us you've been a bitcoin believer for quite some time. But your account in Bitcointalk is a newbie, why haven't you heard about this forum all this time ? where all the bitcoin enthusiast, crypto trader and investor gather. Perhaps you're one those fear mongering stock investor that wants to spread FUD.
Sorry man we've seen this kind of market time and time again.

Bro it is not just he is a bitcoin lover he already need to be part of this forum, many people learn how to trade by just watching on youtube or different social media platform and also what if his account is newbie is it necessary that if you are a bitcoin lover you need a higher rank on this forum what if all of this time he doesn't know about this forum and what is going on here.
Not all of the bitcoin or crypto enthusiast bitcoin trader or investor are in this forum already there is some people out there who is just watching some videos on youtube or promoting on different social media platform about bitcoin.

[gundala]

After reading the topic of the OP and the responses from other members, I came to the conclusion that the OP did not understand the cryptocurrency ecosystem well. I thought the OP was experiencing an unsuccessful experiment to get instant wealth with BTC, then complained with its unfounded analysis. For those who already understand the BTC ecosystem, certainly will not give up easily with price reductions, especially if they have committed to long-term investment, BTC travel for the past 10 years can be an important lesson for not giving up easily. Hopefully, for new investors who want to study this ecosystem better, nothing is instant, don't trust unclear signals, let alone those offering will multiply your capital at certain times.

[batang_bitcoin]

Stop the fud and do whatever you want. Sorry if you have been feeling like that but natural calamities and situations that the world is experiencing now are out of our scope and it's very unpredictable. If you think that bitcoin has been hit by ncov, it's not just the bitcoin ecosystem that's being affected much but the other markets are down as well. I think you need to picture out the whole scenario before thinking that btc is a failed experiment.

[BuNga_cute]

I will not blame your opinion as a newbie, it is only natural that you as a newbie see the price movements of a declining bitcoin these past
few days. Being panicked and pessimistic about the future of bitcoin, in my opinion you don't need to panic if bitcoin suddenly down like now.
Because bitcoin prices are indeed very volatile, so sometimes up and down suddenly is normal. What you need to do now is buy bitcoin again
if you still have capital left, but if you don't have, just hold capital the bitcoin that you have now. Take a look in the next few weeks the price
of bitcoin will improve according to my predictions.

[samcrypto]

You used to be here and experience the volatility and now you’re giving up? Well, its a big loss to you if you do sell your bitcoin at a lost and I don’t think the whales will allow bitcoin to reach the $1 price even if there’s a threat right now. Bitcoin doesn’t failed, investors are just panicking and if you can see bitcoin its technology is still the same despite of its price.

[camito]

Today I'm thinking of selling my BTC even though it would be a big loss right now I've been with BTC a while and used to the volitility but this time I believe it's different

I was a believer in BTC and the future of crypto I believed having 1 or more BTC was a smart thing to do that many would look back in 10 to 20 years wishing they'd bought some when it was still obtainable by the regular Joe.

Now I feel that BTC will trend down hitting sub 1 dollars prices possibly even 0 over the next 12 to 18 months. the current coronavirus outbreak has been BTCs first real test and it failed hard and failed immediately. It's not a store of wealth and its failure to hold value in a economic down turn is spectacular and visible to all.  Today I think BTC is a failed experiment. What are your thoughts?

Price failure or success is constant and the change it may inflict on us does not mean we have to panic or resort to the last possible solution immediately. We have to have a calm state of mind to be able to make decisions regarding to sell or to not sell BTC. If COVID-19 tested BTC's future, then we must know that there are already measures or explanations regarding this. Other users of BTC are here to guide us and as far as I'm concerned, deciding is weighing between pros and cons.

[Zemomtum]

An experiment that keeps on evolving over the past 10 years cannot be termed a failure. You are saying this because you are just a newbie to the environment and this may be your first experiment. Blockchain is the future, try to learn more about it and not only that, grab all the benefits it offers. Something that started with just cents not even up to $1 and at above $9000, how can that be described as a failure?

[Oasisman]

This is what happened when you ran out of patience to hold for another year or two and was rushing to become rich. Only thing I can agree with, yes Bitcoin is an experiment. But, I don't know why you call it as a failure, when It has been used as an alternative for physical money to purchase something or trade in the market for more than 10 years.

[maxreish]

Just because bitcoin literally down at the moment doesn't even mean that bitcoin is a failed experiment. Have you ask yourself, is it you who were failed? You were not the only one who bought at the "peak" and left hanged until now. But they are still optimistic as they knew that this volatile market will still be an opportunity.
 
 I do think you are panicking. If you are a long term holder you can still think of other way solution rather than pushing down yourself and contributing to the fud. Hold until you recover especially that halving event in near approaching. Who knows? Big profits awaits you.

[pixie85]

Now I feel that BTC will trend down hitting sub 1 dollars prices possibly even 0 over the next 12 to 18 months. the current coronavirus outbreak has been BTCs first real test and it failed hard and failed immediately. It's not a store of wealth and its failure to hold value in a economic down turn is spectacular and visible to all.  Today I think BTC is a failed experiment. What are your thoughts?

I'd like you to find a single piece of evidence that would prove that coronavirus is responsible for a correction in BTC's uptrend.

If you cannot do it why do you talk about it like it's a fact?

Bitcoin is following the traditional markets. Look at S&P500 chart. It begun to decline 2 days before bTC.

[FightThePower]

Guys, thanks for the opinions one thing I'd like to clarify is I'm not chasing instant wealth my post even said 10 to 20 years from now. I did believe that a full BTC would likley unobtainable by regular people in 10 to 20 years due to price.

I'm not concerned with big correction in the past 4 years I just feel this one is different. Why? Because The outbreak will probably cause a huge financial collapse like 2008 and BTC isn't holding value at this point. This will kill chances of further adoption pushing down price more and so on like a positive feedback loop. People will no longer see BTC as having value. They see trump and others bash BTC and then they see BTC spectacular fall and go back to gold, metals etc. In short I feel the coming crisis has exposed that BTC isn't gold 2.0

I never bought at the peak either I've dollar cost averaging for 4 years

[bhabygrim]

Why would we even say that it is a failed experiment the fact that it already survive in more than a decade,
It have more investors now and also so many huge business accepts it should be enough proof to say that it isn't failed experiment.

[Inkdatar]

Why would we even say that it is a failed experiment the fact that it already survive in more than a decade,
It have more investors now and also so many huge business accepts it should be enough proof to say that it isn't failed experiment.

When btc price sudden drops more users claimed that it will be dead and yet a failure. For those who have been here in crypto since, they believe that there's more to offer in bitcoin and they have a strong support on it. True it survives through these years and bitcoin has its volatility and we could see the price will surge again in time.

[yazher]

I think he doesn't have the guts to hold his BTC anymore. The problem with you is, you have some negative mind that needs to be covered and stop. instead, you made this topic to convince some people to also sold their bitcoins at this lower price which will not gonna happen. Most of the users here are waiting for that Bitcoin halving which will happen this May, some of them are waiting for years and still holding on thinking positive that good things will happen after the Bitcoin Halving.

[Yatsan]

Now I feel that BTC will trend down hitting sub 1 dollars prices possibly even 0 over the next 12 to 18 months. the current coronavirus outbreak has been BTCs first real test and it failed hard and failed immediately. It's not a store of wealth and its failure to hold value in a economic down turn is spectacular and visible to all.  Today I think BTC is a failed experiment. What are your thoughts?

I'd like you to find a single piece of evidence that would prove that coronavirus is responsible for a correction in BTC's uptrend.

If you cannot do it why do you talk about it like it's a fact?

Bitcoin is following the traditional markets. Look at S&P500 chart. It begun to decline 2 days before bTC.

It is true that the crypto space has been shaken by the corona virus but the thing is it did not go down as what he has said. Bitcoin's price already peaked again at $10K this early February and that is maybe because most of the people are calling it safe haven for their wealth and we cannot deny that thing. What I think the cause of sudden opposite move is the panic from the people who are scared to get left behind by the pump or what I call the early harvesters. I just don't know why there is an downtrend amidst of the corona virus, I expected it to be higher than what it is now even there are people who are selling it.

[microsurfer]

Bitcoin is a very succesfull experiment especially for early birds. Incredible ROI from creation

[Janation]

You are a failure as an investor before you even judge Bitcoin as a failed experiment.

Coronavirus is it's first real test? How about when Bitcoin was hacked in the past? When the MtGox happened, that is the real deal. This outbreak is not even related to the price changes of Bitcoin. I've been here for a while now, those obstacles had been taken down since there are a lot of real supporters and real believers of Bitcoin unlike you.

[alani123]

Bitcoin, to a large extent, WAS considered experimental. Right now, the software is considered stable, mining has established its network, nodes and propagation happen at predictable rates etc. The entire infrastructure has really matured. Experimental technologies are now being built on top of BTC, like lightning network etc.

[carter34]

Bitcoin is a very succesfull experiment especially for early birds. Incredible ROI from creation

It is not for early birds anymore because I doubt if original hodlers are still having it without having sold and debuting again. Therefore, since we have had new investors buying in, then it is not failed. It has gone through refined process and development.

[xSkylarx]

You still have a little hope for Bitcoin. Long time holders have experienced more than that. I think it will be too early for you to give up. Investing with Bitcoin is like a roller coaster ride and you have to deal with every market situation. Bitcoin itself has a strong foundation so we don't have to blame it during the times that we're doubting. As you invest with Bitcoin, you should also have the courage to wait and have patience because there will always situations wherein its price would dropdown.

[joeperry]

In my opinion, calling it as an experiment would be reasonably due to its start. However, I highly disagree that Bitcoin is being considered as a failure. Foremost, Bitcoin has impacted the lives of huge portion of the population globally. It became an assistance to many to sustain heir needs, served as an opportunity for the unemployed and gave people knowledge and the overview of possibilities of the future. And can I just say my opinion that what you are experiencing and doing, the panic selling, is not exactly similar to others'. The volatility of Bitcoin cannot be the basis of its failure, it is upon the cycle of demand supply and its progress on making impact in the society.

[Mahanton]

Today I'm thinking of selling my BTC even though it would be a big loss right now I've been with BTC a while and used to the volitility but this time I believe it's different

I was a believer in BTC and the future of crypto I believed having 1 or more BTC was a smart thing to do that many would look back in 10 to 20 years wishing they'd bought some when it was still obtainable by the regular Joe.

Now I feel that BTC will trend down hitting sub 1 dollars prices possibly even 0 over the next 12 to 18 months. the current coronavirus outbreak has been BTCs first real test and it failed hard and failed immediately. It's not a store of wealth and its failure to hold value in a economic down turn is spectacular and visible to all.  Today I think BTC is a failed experiment. What are your thoughts?

First i dont believe that you've been on this market for years now.You already got discourage due to that Corona virus issue? Im sure that you havent
seen the worst cases that do happen in BTC timeline.So i cant blame you if you do really have that scared feeling of yours into your own btc holdings.
If you do tend to sell then go ahead but be sure not to regret afterwards if its price would hit up to the roof.Well, theres no such thing as guaranteed thing
on investment world but comparing to those who are negative between believers are just too far away.

[Artemis3]

Today I'm thinking of selling my BTC even though it would be a big loss right now I've been with BTC a while and used to the volitility but this time I believe it's different

I was a believer in BTC and the future of crypto I believed having 1 or more BTC was a smart thing to do that many would look back in 10 to 20 years wishing they'd bought some when it was still obtainable by the regular Joe.

Now I feel that BTC will trend down hitting sub 1 dollars prices possibly even 0 over the next 12 to 18 months. the current coronavirus outbreak has been BTCs first real test and it failed hard and failed immediately. It's not a store of wealth and its failure to hold value in a economic down turn is spectacular and visible to all.  Today I think BTC is a failed experiment. What are your thoughts?

Under 1$ after a year? Pretty much impossible, bitcoin is not bolivar lol.

The amount of people willing to buy cheap bitcoin overwhelms the likes of you, go ahead and try selling all your bitcoin, only to see others buying it. Such a low price for an asset that is wanted cannot simply drop like that.

The conditions for people to want or not want bitcoin have not changed much. If anything, more people want it compared to the amount if bitcoins available in the market, which is the reason the price is, 8 thousand times more or what your perceived value is, and have been for more than a decade.

Doesn't matter what you think, its what the collective (market) thinks. Want to sell? Fine, others want to buy. But its useless to you? But its useful to them.

Its not a religion, so its not about believing. Go ahead and sell if you like, see you in 10 years evaluating your decision.

My opinion is that Bitcoin is a giant success.

[Baofeng]

Experiment or not, it hasn't failed, on the contrary it grew in the last 10 years or so.

We feel the rant of the OP, for every huge drop on the price, there will be some newbie who's going to be frustrated just because they see their portfolio going down and then go to this forum with there ramblings telling everyone how they feel about it. Now, when the price goes up again, they calling BTC a life saver and hearing them shouting "to the Moon".

It's crazy how someone will make a sudden U-turn and label it a failed experiment.

[cr1776]

Today I'm thinking of selling my BTC even though it would be a big loss right now I've been with BTC a while and used to the volitility but this time I believe it's different

I was a believer in BTC and the future of crypto I believed having 1 or more BTC was a smart thing to do that many would look back in 10 to 20 years wishing they'd bought some when it was still obtainable by the regular Joe.

Now I feel that BTC will trend down hitting sub 1 dollars prices possibly even 0 over the next 12 to 18 months. the current coronavirus outbreak has been BTCs first real test and it failed hard and failed immediately. It's not a store of wealth and its failure to hold value in a economic down turn is spectacular and visible to all.  Today I think BTC is a failed experiment. What are your thoughts?

There were people saying very similar things here and on slashdot in July 2010 when I first read about it.  Anyone who ignored them and mined (or later bought) has done very well.

Gold was down this week just as was bitcoin. Is gold not a store of value?   Watch them over the course of years, not days, weeks or even months.

Nothing has failed except people not understanding or at least having patience.

[Twinkledoe]

You look like the typical Bitcoin newbie.
At a 10K USD bitcoin price and a bullish trend,you "believe in the future of Bitcoin".
At a 8.5K USD price correction and a possible bearish trend,you don't believe in the future of BTC anymore and you start whining that the price will go to 1 USD in 12 months to 18 months.This just isn't serious,man.
If you wanna sell everything,just do it.Panic selling is something normal,unfortunately,I've done it before.
Stop whining and act like a man.
The question "Is bitcoin a failed experiment?" has been asked 134934565 times on this forum and every time  it's asked at a bearish trend,when the price was falling.Bitcoin is here for more than 10 years and it isn't going anywhere near 1 USD or USD price.

I totally agree! If the OP feels that bitcoin will go down below at 1$, then sell whatever he has. It is his own decision anyway. But if he has been in this crypto for so long and witnessed the ups and downs movement of btc countless times, the price that we are experiencing right now, is still higher as compared to previous months or years. Why would he think that btc will fall that hard? So I think, he doesn't really believe in btc in the first place.

[wdrs]

I think that Bitcoin is the best that has been done for the global economy and I also willow that bitcoin is the future. Sooner or later, Fiat will disappear, and cryptocurrency will reach a new level. Investing in cryptocurrency means securing your future. The main problem is that people want profit right away, and give up when the price of cryptocurrencies drops. Investing in cryptocurrencies is not for wimps, you need to have patience. In vain you decided to sell Bitcoin, you will be very upset if the price rises again, and this will definitely happen 

[Taskford]

I don't know why or people think Bitcoin is a failed experiment while the fact is Bitcoin is this coin is alive up till now and compare to the other alt's existed this is the most adopted for more several years so for this we can call it that Bitcoin is a huge success since I'm sure that you are earning with this to and without bitcoins we don't have an alternative ways to earn.

[squatter]

the current coronavirus outbreak has been BTCs first real test and it failed hard and failed immediately.

Real test of what? What does an epidemic have to do with the price of bitcoins?

I see consistently growing activity on the network, more than 300,000 transactions per day at the moment. I also see increasing consumer usage, as well as consistently climbing mining difficulty.

Not to mention that Bitcoin has been running with virtually zero downtime for more than a decade. Failed experiment? I think not!

[blachken]

Often people like that invest for the first time, because anyone with experience understands that investing has risks. You look like a typical Bitcoin beginner. They have been doing it with gold and silver for years, but if they can show that the price of Bitcoin is unreliable, it will help them issue their crypto replacement for a failed fiat system. Bitcoin has been here for more than 10 years and won't come close to the price of 1 USD or USD. In your eyes (who hopes to become rich overnight by buying bitcoin) it looks like a failed experiment because you never bother to find out why bitcoin was made in first place. don't worry you're not the first person to make this mistake and lose a lot of money in short-term trading trying to make a profit from daily fluctuations.

[FlightyPouch]

Another FUD? Really? The price fell down in an instant, so what? It fell way lower in the past and I don't really care. Coronavirus has nothing to do with the price changes that are happening and if you really are supporting bitcoin, you should know that. That bitcoin is not a failed experiment, if you really support bitcoin, from profit or not you will be there.

[Daniel91]

I think it is only those who are unsuccessful in crypto investment that uses to call bitcoin a failure experiment. Bitcoin are a decade of legacy and it is continuing to show good performance in the market. Since it is started, it makes several investors got rich by its popularity. So i think it is never to be a failure experiment.

In fact, I'm sure that all people who joined crypto market at least 2 or 3 years ago are already in profit.
All others should simple wait and hold their funds and they will be in profit soon.
In any market we have the same rule : "don't sell cheap" 😁
Patience is the key and it's really to early to proclaim that bitcoin is a failed experiment. 

[electronicash]

Another FUD? Really? The price fell down in an instant, so what? It fell way lower in the past and I don't really care. Coronavirus has nothing to do with the price changes that are happening and if you really are supporting bitcoin, you should know that. That bitcoin is not a failed experiment, if you really support bitcoin, from profit or not you will be there.

if it is said that the experiment failed, I think from the beginning of the establishment of bitcoin, the price will not rise to the present. especially now that bitcoin is traded a lot on the stock market, and many brokers provide pairs. I think fud is a common thing in trading, for those who are already profitable it will sell it and will buy it back at a cheap price.

from the very beginning BTC is actually just an experiment and i think the dev planned to reset it but miners continue to mine and never stopped so its just how it is. they didn't reboot it. but its just nonsense to see BTC will be worth ZERO after 12-18months. many people had bought BTC when it touches the $3k since it was assumed to be the bottom. ZERO is just too much of a fud.

[Yamifoud]

Today I'm thinking of selling my BTC even though it would be a big loss right now I've been with BTC a while and used to the volitility but this time I believe it's different

I was a believer in BTC and the future of crypto I believed having 1 or more BTC was a smart thing to do that many would look back in 10 to 20 years wishing they'd bought some when it was still obtainable by the regular Joe.

Now I feel that BTC will trend down hitting sub 1 dollars prices possibly even 0 over the next 12 to 18 months. the current coronavirus outbreak has been BTCs first real test and it failed hard and failed immediately. It's not a store of wealth and its failure to hold value in a economic down turn is spectacular and visible to all.  Today I think BTC is a failed experiment. What are your thoughts?

How disappointed you are mate and trying to tell something different from my experience. I don't know how hard you become a Bitcoiner and then just easily quit and slip to that kind of negativity. Yeah, it was of big different trend compared before but I can't see that Bitcoin is a sinking boat instead, we are just like a skyrocket moving high and high every year.

Too bad to think of you that you are coward to face the risk that you've been in a while. I understand that crypto investment isn't in your comfort zone...and yeah, it is better you decide to quit earlier before you suffer more losses.

[FaithInCrypto]

Dear OP,
The moment you heard about Bitcoin, got interested in it, bought it and even registered here in the group is proof that Bitcoin is NOT a failed experiment. It has been around for more than a decade and continuously evolving for the crypto community.  

I think it isn't BTCs fault why the coronavirus keeps spreading, there are still other reasons why the virus keeps existing.
Anyway, cryptocurrency, especially the rates is always a roller coaster ride, it isn't always upward. If you are someone who gets stressed easily because the market is all red then investing in cryptocurrency is not for you. Better find some ways to invest your hard-earned money in something that you're always comfortable, where you think you won't suffer a loss, I am not sure though if that kind of investment does exist. Good luck!

[Gheka]

I don't know why or people think Bitcoin is a failed experiment while the fact is Bitcoin is this coin is alive up till now and compare to the other alt's existed this is the most adopted for more several years so for this we can call it that Bitcoin is a huge success since I'm sure that you are earning with this to and without bitcoins we don't have an alternative ways to earn.

Negative ingredients and those who want others to sell bitcoin cheaply are an integral part of this market, so I'm not surprised at the sources that bitcoin is a product, a failed experiment, these people are just trying to create more fake information, hitting the weak mentality of others, ignoring their information is the best way for us to reduce doubts and not to worry. Regardless of what bitcoin is in life and in the marketplace, we should agree on the fact that this product offers too much profit, the fact has responded and proved the value and success of bitcoin

[adzino]

Today I'm thinking of selling my BTC even though it would be a big loss right now I've been with BTC a while and used to the volitility but this time I believe it's different

I was a believer in BTC and the future of crypto I believed having 1 or more BTC was a smart thing to do that many would look back in 10 to 20 years wishing they'd bought some when it was still obtainable by the regular Joe.

Now I feel that BTC will trend down hitting sub 1 dollars prices possibly even 0 over the next 12 to 18 months. the current coronavirus outbreak has been BTCs first real test and it failed hard and failed immediately. It's not a store of wealth and its failure to hold value in a economic down turn is spectacular and visible to all.  Today I think BTC is a failed experiment. What are your thoughts?

It is still a smart thing to do. Hold your coins before its too late. Just because the price is falling now, does not mean that it is going to keep on falling forever. Look at the stock markets. The are declining too! The fall of this price isn't as bad as the stock market crash. The 15% drop you are talking about took place in last few weeks. This is not fair, if you compare the price in this way. Look at the long run price increase. We are more than 120% above if you compare the price with last year.

[Huskerz1]

Today I'm thinking of selling my BTC even though it would be a big loss right now I've been with BTC a while and used to the volitility but this time I believe it's different

I was a believer in BTC and the future of crypto I believed having 1 or more BTC was a smart thing to do that many would look back in 10 to 20 years wishing they'd bought some when it was still obtainable by the regular Joe.

Now I feel that BTC will trend down hitting sub 1 dollars prices possibly even 0 over the next 12 to 18 months. the current coronavirus outbreak has been BTCs first real test and it failed hard and failed immediately. It's not a store of wealth and its failure to hold value in a economic down turn is spectacular and visible to all.  Today I think BTC is a failed experiment. What are your thoughts?

It is still a smart thing to do. Hold your coins before its too late. Just because the price is falling now, does not mean that it is going to keep on falling forever. Look at the stock markets. The are declining too! The fall of this price isn't as bad as the stock market crash. The 15% drop you are talking about took place in last few weeks. This is not fair, if you compare the price in this way. Look at the long run price increase. We are more than 120% above if you compare the price with last year.

You're not hearing what this person is saying.  BTC FAILED.  Miserably.  When it should have mattered most, it failed.  The theology behind the purpose of BTC as an alternate currency when the world is breaking down was proved to be a false theology.  BTC and crypto is a gamblers game.  It'll never be anything more than that.

[NeilLostBitCoin]

Today I'm thinking of selling my BTC even though it would be a big loss right now I've been with BTC a while and used to the volitility but this time I believe it's different

I was a believer in BTC and the future of crypto I believed having 1 or more BTC was a smart thing to do that many would look back in 10 to 20 years wishing they'd bought some when it was still obtainable by the regular Joe.

Now I feel that BTC will trend down hitting sub 1 dollars prices possibly even 0 over the next 12 to 18 months. the current coronavirus outbreak has been BTCs first real test and it failed hard and failed immediately. It's not a store of wealth and its failure to hold value in a economic down turn is spectacular and visible to all.  Today I think BTC is a failed experiment. What are your thoughts?

I guess your experience in crypto is like what your rank here in the forum. All I can say is Stay for much longer then Thank me later.

[Zeke_23]

Today I'm thinking of selling my BTC even though it would be a big loss right now I've been with BTC a while and used to the volitility but this time I believe it's different

Are you serious? After getting used to it and realizing that it would be a big loss on your side, you're still thinking that way.

I was a believer in BTC and the future of crypto I believed having 1 or more BTC was a smart thing to do that many would look back in 10 to 20 years wishing they'd bought some when it was still obtainable by the regular Joe.

You are a believer, but you don't trust it enough. After its price suddenly drops, you are now thinking that it will continue further.

Now I feel that BTC will trend down hitting sub 1 dollars prices possibly even 0 over the next 12 to 18 months. the current coronavirus outbreak has been BTCs first real test and it failed hard and failed immediately. It's not a store of wealth and its failure to hold value in a economic down turn is spectacular and visible to all.  Today I think BTC is a failed experiment. What are your thoughts?

You just feel that its price will go down without any analysis nor investigation about where its price will fall in the next couple of months.

If you think that BTC is a failure, you will regret thinking that way in the future.

[agentx44]

Today I'm thinking of selling my BTC even though it would be a big loss right now I've been with BTC a while and used to the volitility but this time I believe it's different

I was a believer in BTC and the future of crypto I believed having 1 or more BTC was a smart thing to do that many would look back in 10 to 20 years wishing they'd bought some when it was still obtainable by the regular Joe.

Now I feel that BTC will trend down hitting sub 1 dollars prices possibly even 0 over the next 12 to 18 months. the current coronavirus outbreak has been BTCs first real test and it failed hard and failed immediately. It's not a store of wealth and its failure to hold value in a economic down turn is spectacular and visible to all.  Today I think BTC is a failed experiment. What are your thoughts?

Considering the success bitcoin was able to reach, I don't think we can consider it anymore as a failed experiment. If it was a failure, then it would have ended up way back and was not able to remain at the top for so long. With the upcoming bitcoin halving, we should be wiser on what we are doing with our bitcoin. The halving would surely boost up bitcoin's value so it would be best if we are going to set ourselves ready for it and make the most from it. It would be best to try than to regret if ever the said circumstance would happen.

[imstillthebest]

Today I'm thinking of selling my BTC even though it would be a big loss right now I've been with BTC a while and used to the volitility but this time I believe it's different

I was a believer in BTC and the future of crypto I believed having 1 or more BTC was a smart thing to do that many would look back in 10 to 20 years wishing they'd bought some when it was still obtainable by the regular Joe.

Now I feel that BTC will trend down hitting sub 1 dollars prices possibly even 0 over the next 12 to 18 months. the current coronavirus outbreak has been BTCs first real test and it failed hard and failed immediately. It's not a store of wealth and its failure to hold value in a economic down turn is spectacular and visible to all.  Today I think BTC is a failed experiment. What are your thoughts?

Considering the success bitcoin was able to reach, I don't think we can consider it anymore as a failed experiment. If it was a failure, then it would have ended up way back and was not able to remain at the top for so long. With the upcoming bitcoin halving, we should be wiser on what we are doing with our bitcoin. The halving would surely boost up bitcoin's value so it would be best if we are going to set ourselves ready for it and make the most from it. It would be best to try than to regret if ever the said circumstance would happen.

it wasnt totally a failure but it only faces many obstabcles and hindrances especially on the past but bitcoin is just strong and look where it at now ? somehow succesful but not totally because bitcoin is still not acceptable on some societies and its characteristic is also not perfect  . 

anyways thats us , we are a believer at first but suddenly our beliefs changed , it could be because of a single mistake or any other reasons  so i cant directly blame the op if what did he acted on here  .

[kemoglo]

Bitcoin is still young to make any conclusions about it. So it can't be called "failed experiment". Bitcoin's price is continuously growing despite high volatility.

In any case it can't be a failed experiment now with so many people behind it, either developing or just supporting it. Considering the massive community behind Bitcoin I'd say it's far from being a "failed" anything. Even with price corrections and people panic selling, the more experienced holders know better than to just sell

[whyrqa]

I believe that bitcoin has all the prerequisites in order to become an international cryptocurrency.  And first of all, bitcoin deserves attention due to the fact that it will protect any person from dehydration of his savings, since fiat funds become cheaper every year, and goods become more expensive.  The magnitude of inflation is astounding and Bitcoin can fix this problem.

[Quidat]

Today I'm thinking of selling my BTC even though it would be a big loss right now I've been with BTC a while and used to the volitility but this time I believe it's different

I was a believer in BTC and the future of crypto I believed having 1 or more BTC was a smart thing to do that many would look back in 10 to 20 years wishing they'd bought some when it was still obtainable by the regular Joe.

Now I feel that BTC will trend down hitting sub 1 dollars prices possibly even 0 over the next 12 to 18 months. the current coronavirus outbreak has been BTCs first real test and it failed hard and failed immediately. It's not a store of wealth and its failure to hold value in a economic down turn is spectacular and visible to all.  Today I think BTC is a failed experiment. What are your thoughts?

Considering the success bitcoin was able to reach, I don't think we can consider it anymore as a failed experiment. If it was a failure, then it would have ended up way back and was not able to remain at the top for so long. With the upcoming bitcoin halving, we should be wiser on what we are doing with our bitcoin. The halving would surely boost up bitcoin's value so it would be best if we are going to set ourselves ready for it and make the most from it. It would be best to try than to regret if ever the said circumstance would happen.

People dont think up this thing specially for those who do tell that bitcoin is a bad project or going to be dead or any other negative words thrown at it without even realizing or to look back in past 10 years on how this thing withstand all of the challenges from bad reputation thru legal aspects but still its standing as of this moment and indeed remain on the top and with that alone it does already prove out that this coin isnt something that can be easily treat of as a failed or useless one.This is why its better to ignore those words that wont really be that relevant or doesnt help out and just giving out bad vibes on the entire community.

[boltz]

Again FUD on Bitcoin ? I think I saw to much FUD to actually believe that Bitcoin is an experiment gone wrong or a fail one. Bitcoin purpose is the same as before and just because the price is sitting duck for now , doesn't mean it won't rise again or that the tech is not used anymore because contrary of what are you saying the truth is the opposite because more and more brands are implementing Bitcoin as a payment gateway and furthermore the adoption is still on the rise.

[panganib999]

I believe that bitcoin has all the prerequisites in order to become an international cryptocurrency.  And first of all, bitcoin deserves attention due to the fact that it will protect any person from dehydration of his savings, since fiat funds become cheaper every year, and goods become more expensive.  The magnitude of inflation is astounding and Bitcoin can fix this problem.

Our deaire for bitcoin that it will be going to be international currency is strong, however bitcoin as of now is not gaining as if people are slowly leaving it and causes some dehydration for some like me in my savings. Fiat currency does not getting cheap it is just the inflation that is getting higher aside it does not make any sense if inflation is talked when these currency goes with anything.

[Oceat]

A typical newbie would only whine like this as if they know why Bitcoin was created in the first place. You (OP) should change your point of view and instead become an open minded to everything while learning more and more just by reading with different books and guide in how you will be able to become successful in the future.

[bitcoinvirtualcards]

No, bitcoin is not a failed experiment. We are just getting started and it's early in all this. You can do what you want but I wouldn't sell.

[LogitechMouse]

Today I'm thinking of selling my BTC even though it would be a big loss right now I've been with BTC a while and used to the volitility but this time I believe it's different

A sign that you are a newbie investor and your belief towards Bitcoin is a negative one. You can't even take the volatility that is within Bitcoin then why did you invested on it at the first place? Before investing, you must do some research first and not just throwing your money away to an investment in which you don't know.

I was a believer in BTC and the future of crypto I believed having 1 or more BTC was a smart thing to do that many would look back in 10 to 20 years wishing they'd bought some when it was still obtainable by the regular Joe.

Correction. Bitcoin is 11 years old right now so you should say "11 years ago" than "10 to 20 years ago".
Well, nobody expected that this will happen to Bitcoin 11 years ago so it will go down to one word "trust".

Now I feel that BTC will trend down hitting sub 1 dollars prices possibly even 0 over the next 12 to 18 months. the current coronavirus outbreak has been BTCs first real test and it failed hard and failed immediately. It's not a store of wealth and its failure to hold value in a economic down turn is spectacular and visible to all.  Today I think BTC is a failed experiment. What are your thoughts?

I know that predicting the price of Bitcoin can be use by all people but you are predicting base on nothing. Base on the stupid news coming from the news channel blah blah. Total bullshit. If you are here to say negative thoughts about Bitcoin then you can leave your "newbie" account here and find another investment.

My opinion, give some time for BTC to be used globally. At this moment, it is not a failed experiment because it achieved so many things in a short amount of time. Nahhh just leave

[Moshaid]

I strongly disagree with you that bitcoin is a failed experiment, yes the significant drop in price is something most investors needs to be worried about. But over the past few years bitcoin has proven to be more than just any experiment, it's longevity goals is something everyone should be more concerned about rather than pitching the mindset that bitcoin is a failed experiment.

[Assface16678]

I believe that bitcoin has all the prerequisites in order to become an international cryptocurrency.  And first of all, bitcoin deserves attention due to the fact that it will protect any person from dehydration of his savings, since fiat funds become cheaper every year, and goods become more expensive.  The magnitude of inflation is astounding and Bitcoin can fix this problem.

Our deaire for bitcoin that it will be going to be international currency is strong, however bitcoin as of now is not gaining as if people are slowly leaving it and causes some dehydration for some like me in my savings. Fiat currency does not getting cheap it is just the inflation that is getting higher aside it does not make any sense if inflation is talked when these currency goes with anything.

One of the thing why they create the bitcoin because they want to make to convert the use of physical currency into digital currency. So the process is building faster than the old way. But that is not expected that see the potential of the bitcoin to make a profit to them. In the year it is created, only a few people appreciated the use of bitcoin and made an investment in it. Even it takes a long time before they get their profit or payment still, it is profitable. After many people getting rich continuously there are now a massive amount of people make investment too, and that's why it contributes a lot to the world market of the cryptocurrency, and also other developers create a duplicate of the bitcoin because it is already successful also to distribute the whole price of the bitcoin and not cost too much for a single bitcoin.

[FanatMonet]

Well, in general, no one should invest in cryptocurrency, in the hope of some very strong and rapid growth. Not in vain, after all, the main rule is "Do not invest in cryptocurrency more than you can afford to lose." Anything can happen, and the coronavirus only once again shows how vulnerable not only cryptocurrencies, but the entire financial system of the world.

[xilosoft2.0]

If you want to sell everything, just do it. Panic selling is a normal thing, unfortunately, I have done it before, for new investors who want to study this ecosystem better, nothing is instant, don't trust unclear signals, especially if the offer will multiply your capital at certain times. .

[AmoreJaz]

seriously? do we still have to deal with this kind of question in crypto?

[Bohxz M4p4gm4h4l25]

Today I'm thinking of selling my BTC even though it would be a big loss right now I've been with BTC a while and used to the volitility but this time I believe it's different

I was a believer in BTC and the future of crypto I believed having 1 or more BTC was a smart thing to do that many would look back in 10 to 20 years wishing they'd bought some when it was still obtainable by the regular Joe.

Now I feel that BTC will trend down hitting sub 1 dollars prices possibly even 0 over the next 12 to 18 months. the current coronavirus outbreak has been BTCs first real test and it failed hard and failed immediately. It's not a store of wealth and its failure to hold value in a economic down turn is spectacular and visible to all.  Today I think BTC is a failed experiment. What are your thoughts?

Here is the thing, no one can say what will be the future of btc because it was still new even it was almost 11 years in existence. Many are comparing it to gold well in reality it is very different to it. Another thing is that we are not aware what will be the behaviour of btc if it will experience recession because the last recession happens year 2008 and as we all know 2009 was the year it was created. In conclusion, btc can be something or not in the future it really depends on us whether we would like to risk our money in case it will become something in the future.

[Latviand]

If you could feel that you are losing money from your investment, getting out of it through selling your stocks, is an option but be sure that you won't regret not holding to that "chance" to earn profit someday by risking at this moment. If you are not new in this investment thing, you should know by now how volatile the market is, in nature. Its market price do rise and fall most of the time. But have you observed why there are investors who are holding despite of huge loss whenever the price is falling? Simply, they know the meaning of the word "nature" referring to nature of market volatility. They know that the market will again rise, and it is just a battle of patience.

Bitcoin is not a failed experiment. Decentralization, market price instability, and other characteristics are things which are in nature of blockchain technology. I do look at Bitcoin and other cryptos as under progress and development. These kind of currency is now being widely recognized by many people and as years would go by, more countries could adapt such digital currency.

[thesmallgod]

What has the coronavirus has to do with bitcoin? there has never been a huge decline in the price of bitcoin since the coronavirus of a thing start so I begin to wonder on which basis you think the bitcoin is a failed project. If you are saying this, what do you expect people that buy bitcoin when the price of it was $15k. I bet if you are the one that invested in bitcoin when the price was high time high, you must have done something terrible. I just wanna tell you the game is not going to be over and bitcoin is here to stay.

[retnoanjani]

Again FUD on Bitcoin ? I think I saw to much FUD to actually believe that Bitcoin is an experiment gone wrong or a fail one. Bitcoin purpose is the same as before and just because the price is sitting duck for now , doesn't mean it won't rise again or that the tech is not used anymore because contrary of what are you saying the truth is the opposite because more and more brands are implementing Bitcoin as a payment gateway and furthermore the adoption is still on the rise.

This pattern often appears when it's bearish, right? when new people arrive because of the price of the bitcoin pump, then fomo, finally loses and then blames and says: bitcoin scam, bubble, failed experimentation, and the like. Though it is his own fault for not studying the bitcoin ecosystem well. Most newbie with such a model would want instant wealth with bitcoin, without any preparation, it will not get anything, except luck.

[whyrqa]

I believe that bitcoin has all the prerequisites in order to become an international cryptocurrency.  And first of all, bitcoin deserves attention due to the fact that it will protect any person from dehydration of his savings, since fiat funds become cheaper every year, and goods become more expensive.  The magnitude of inflation is astounding and Bitcoin can fix this problem.

Our deaire for bitcoin that it will be going to be international currency is strong, however bitcoin as of now is not gaining as if people are slowly leaving it and causes some dehydration for some like me in my savings. Fiat currency does not getting cheap it is just the inflation that is getting higher aside it does not make any sense if inflation is talked when these currency goes with anything.

It seems to me that only current cryptocurrency users are interested in the further development of the cryptocurrency market and no one else is worried about this.  One way or another, most cryptocurrency communities hope to make huge profits due to the volatility of bitcoin and few people think about future prospects and the possibility of using it as a means of payment.  if you look at the current situation today, then only negative news scares people away from bitcoin, because no one wants to mess with obscure things or with very risky investments.  maybe I think incorrectly, but only with the state support of cryptocurrency in many countries, Bitcoin can take a high place then in the whole world.

[panganib999]

Again FUD on Bitcoin ? I think I saw to much FUD to actually believe that Bitcoin is an experiment gone wrong or a fail one. Bitcoin purpose is the same as before and just because the price is sitting duck for now , doesn't mean it won't rise again or that the tech is not used anymore because contrary of what are you saying the truth is the opposite because more and more brands are implementing Bitcoin as a payment gateway and furthermore the adoption is still on the rise.

This pattern often appears when it's bearish, right? when new people arrive because of the price of the bitcoin pump, then fomo, finally loses and then blames and says: bitcoin scam, bubble, failed experimentation, and the like. Though it is his own fault for not studying the bitcoin ecosystem well. Most newbie with such a model would want instant wealth with bitcoin, without any preparation, it will not get anything, except luck.

Well everything is natural according to my observation, it is just that there are people who can't believe why is this happening. Bitcoin isn't an experiment nor a project, it is supposed to be an alternative for payment on which now is on the process of taking big steps with finance. Newbies should stop asking why these things are happening, they should be more a reader and observer right now instead.

[iamaruf]

You are too noob in crypto world that's why you are telling that.Do you have any idea about bitcoin? if it really going down to 0$ then why btc pumping and dumping now? Do you really know how bitcoin works? but it's really good if you take break from btc because without proper knowledge and believing holding bitcoin is not a good decision.But I think you should check the price of bitcoin after 12 months.but after checking the price you shouldn't regret yourself

[Yamifoud]

You are too noob in crypto world that's why you are telling that.Do you have any idea about bitcoin? if it really going down to 0$ then why btc pumping and dumping now? Do you really know how bitcoin works? but it's really good if you take break from btc because without proper knowledge and believing holding bitcoin is not a good decision.But I think you should check the price of bitcoin after 12 months.but after checking the price you shouldn't regret yourself

I never understand also what is the purpose of this post cause after the thread was created, OP is not active anymore. It is somewhat whales play or just someone wants to brag people to sell their Bitcoin and take advantage of it. Because it doesn't mean that if we see a few $ dumps we then think it was a failure, in fact, we have this case several times but we still able to recover it. Though it wasn't an instant recovery and still, we are able to make it and make new highs. If we keep on believing Bitcoin's capability, it definitely we can't think of its sinking scenario but rather to think of its continuous market improvement.

[Baoo]

You seem distracted OP, I feel you are still a newbie who does not have any experience/knowledge about Bitcoin. Unfortunately, too many people are psychologically weak and the least problem negatively affects  on them. It is certain that Bitcoin or blockchain in general is a successful technology in financial field.
Otherwise, OP you need to be mentally strong otherwise you need to stay away from this field

[betty11]

Your thought and submission about bitcoin are totally wrong. It seems you have not been religiously following the movement of bitcoin, otherwise you wouldn't say bitcoin is sliding to $1 or 0 value, the value has severally gone down as low as $3,800 last year march and this came back bigger and better than the ATL. Bitcoin remains the best investment as we speak as compared with other commodities.

[White Christmas]

You are too noob in crypto world that's why you are telling that.Do you have any idea about bitcoin? if it really going down to 0$ then why btc pumping and dumping now? Do you really know how bitcoin works? but it's really good if you take break from btc because without proper knowledge and believing holding bitcoin is not a good decision.But I think you should check the price of bitcoin after 12 months.but after checking the price you shouldn't regret yourself

maybe this person doesn't know how bitcoin works and what does bitcoin means are cryptocurrency because if the people know what bitcoin is then probably they will know how to use it and those people who doesn't have any knowledge about this bitcoin they are not capable on holding or using this because they don't know how to handle the situation between the market and the pumping and dumping of prices of the bitcoin. If your knowledge is doesn't enough then probably it will be good for you to just step back first.

[Daniel91]

Your thought and submission about bitcoin are totally wrong. It seems you have not been religiously following the movement of bitcoin, otherwise you wouldn't say bitcoin is sliding to $1 or 0 value, the value has severally gone down as low as $3,800 last year march and this came back bigger and better than the ATL. Bitcoin remains the best investment as we speak as compared with other commodities.

Well,  btc is the best investment for the people who joined at least 3-4 years ago and they could make very nice profit.
Others still waiting to see some concrete profit and I understand that sometimes is difficult to see "big picture " and   be patient.
We wants everything now and don't want to wait but it's not realistic to expect to get rich overnight and see your earnings right away.
Btc have great potential, and people who can wait and have faith will receive reward.

[Ailmand]

Have you been here when BTC started? I guess you have been to crypto during or even before the last bull market, or you are one of the investors of crypto who had put their fate into crypto. How can you say you are used to it's volatility if you cannot see how far had bitcoin went compared to when it started. How many price correction have you experienced and how many times have you seen bitcoin price pumped and dumped?

[sana54210]

I don’t know why all these newbies are fond of whining unnecessarily . So, let’s assume that Bitcoin kept going up and reached a high $1 million dollars you will be happy I guess and you will come here to tell us how much you believe in Bitcoin, but now it’s falling and you no longer believe in it? You must be kidding.

Maybe you’re one of those that were told that Bitcoin is another money making machine and you ended up stashing everything in Bitcoin hoping to get rich real quick. Sorry man it doesn’t work that way and moreover Bitcoin is not the only asset that dropped in price during this time of Coronavirus outbreak, lots of assets in the world dropped and lost money, so what do you have to say about those, since all assets and stocks are mainly seen as safe haven?

[scuj_cero]

When we talk about money, payments or investments - bitcoin is great, technology - it's superb, but when we focus on Bitcoin manifest, we'll see that things didn't go as planned. It supposed to be a revolutionary thing for our society, but it turns out to more and more people to be just a way to earn more money and it's not all about money. Hope that Bitcoin and other cryptocurrencies will become a strong bridge for a better society.

[smyslov]

Today I'm thinking of selling my BTC even though it would be a big loss right now I've been with BTC a while and used to the volitility but this time I believe it's different

I was a believer in BTC and the future of crypto I believed having 1 or more BTC was a smart thing to do that many would look back in 10 to 20 years wishing they'd bought some when it was still obtainable by the regular Joe.

Now I feel that BTC will trend down hitting sub 1 dollars prices possibly even 0 over the next 12 to 18 months. the current coronavirus outbreak has been BTCs first real test and it failed hard and failed immediately. It's not a store of wealth and its failure to hold value in a economic down turn is spectacular and visible to all.  Today I think BTC is a failed experiment. What are your thoughts?

We have no problem with unbelievers like you, sell your Bitcoin and you can also leave the forum, but be sure not to look in the market after the end of this year, you will be shocked to find out that Bitcoin overcome this scenario, it has overcome the worst scenario in the past,
or you have not yet read how Bitcoin died hundreds of times before better check it here
https://99bitcoins.com/bitcoin-obituaries/

[carriebee]

If you really aware about bitcoin performance you will understand the risks in crypto. It's not failed experiment as what's been said do not invest on what you cannot afford to lose. We already use to see the volatility in bitcoin and the price has been in down and up trend and better not to panic sell since it may recover again.

[Mahanton]

Today I'm thinking of selling my BTC even though it would be a big loss right now I've been with BTC a while and used to the volitility but this time I believe it's different

I was a believer in BTC and the future of crypto I believed having 1 or more BTC was a smart thing to do that many would look back in 10 to 20 years wishing they'd bought some when it was still obtainable by the regular Joe.

Now I feel that BTC will trend down hitting sub 1 dollars prices possibly even 0 over the next 12 to 18 months. the current coronavirus outbreak has been BTCs first real test and it failed hard and failed immediately. It's not a store of wealth and its failure to hold value in a economic down turn is spectacular and visible to all.  Today I think BTC is a failed experiment. What are your thoughts?

We have no problem with unbelievers like you, sell your Bitcoin and you can also leave the forum, but be sure not to look in the market after the end of this year, you will be shocked to find out that Bitcoin overcome this scenario, it has overcome the worst scenario in the past,
or you have not yet read how Bitcoin died hundreds of times before better check it here
https://99bitcoins.com/bitcoin-obituaries/

Better to ignore these kind of people who do tell things negatively towards bitcoin without even realizing on what they are saying like failed experiment, outdated,ponzi and other lot of similar things that they can thrown on.

Bitcoin had already proven out the test of time and as mentioned it died a hundred times already and until now we have seen on how this coin being heavily supported by the crypto community.

Its true that it might be that old but still capable and still remains the king of crypto.

[Wind_FURY]

How did this topic, which was started probably by a troll, reached 6 pages very quickly? Hahaha. Reported it to a mod, this should be locked in my opinion.

[CHENIEN]

Previously the mentor of bitcoin has a potential to handle in some unexpected turns or draw of fail and particularly we can't predict their own  hidden moves which is providing by the developer who's conserve their technology and improving its privacy towards in line of profitable sources. and i respectfully believe that if you consider bitcoin as an experiment i think it can fail,one you should keep in mind that BITCOIN process is just a wheel balance with spinning cycle,may go down at present but will increase incessantly.

Sometimes we do not give in to the consequences of our failures in the dream of making a big profit.
 in other conversation. you have to make your own experiment process to detect the timing investment process of BTC to prevent loss.

[Mttewndew]

How did this topic, which was started probably by a troll, reached 6 pages very quickly? Hahaha. Reported it to a mod, this should be locked in my opinion.

What if the author of the topic is sincere? The fact that he does not think like everyone else does not mean that he is necessarily a troll

Nonetheless, I would not be so pessimistic as an author. Still, there is not a single really valid argument in favor of the fact that BTS is waiting for a fatal rate drop.

[absy]

Today I'm thinking of selling my BTC even though it would be a big loss right now I've been with BTC a while and used to the volitility but this time I believe it's different

I was a believer in BTC and the future of crypto I believed having 1 or more BTC was a smart thing to do that many would look back in 10 to 20 years wishing they'd bought some when it was still obtainable by the regular Joe.

Now I feel that BTC will trend down hitting sub 1 dollars prices possibly even 0 over the next 12 to 18 months. the current coronavirus outbreak has been BTCs first real test and it failed hard and failed immediately. It's not a store of wealth and its failure to hold value in a economic down turn is spectacular and visible to all.  Today I think BTC is a failed experiment. What are your thoughts?

Sub 1 dollars prices? That's something which I cannot even imagine happening unless all the countries decide to ban it . There are obvious potential in it and the users backing it are in millions and it will just grow in future . It might be a hard time now for cryptos due to above mentioned virus but it isn't permanent , all fiat currencies are suffering too . In conclusion I can say without doubt that it is a revolution in economics and not a failed project at all.

[Janation]

No, bitcoin is not a failed experiment. We are just getting started and it's early in all this. You can do what you want but I wouldn't sell.

This is too late.

I could say that in the past, but right right now, nah. I also heard in the past that there are those developers looking at other altcoin's technologies that they might apply at Bitcoin. Right now, with a lot of supporters in the community, I don't think should also say that it is still starting. We are in the mid game now, legalization, more developments and other stuffs are more focused.

[KrisAlex18]

Today I'm thinking of selling my BTC even though it would be a big loss right now I've been with BTC a while and used to the volitility but this time I believe it's different

I was a believer in BTC and the future of crypto I believed having 1 or more BTC was a smart thing to do that many would look back in 10 to 20 years wishing they'd bought some when it was still obtainable by the regular Joe.

Now I feel that BTC will trend down hitting sub 1 dollars prices possibly even 0 over the next 12 to 18 months. the current coronavirus outbreak has been BTCs first real test and it failed hard and failed immediately. It's not a store of wealth and its failure to hold value in a economic down turn is spectacular and visible to all.  Today I think BTC is a failed experiment. What are your thoughts?

You really look like a beginner based on what you are saying on this. If you think that bitcoin is a failed experiment if its price goes down then you are a typical beginner in this platform, you know that the bitcoin is volatile, so it means that it changes its price day by day so why you think that it is a failed experiment? It would help if you understood why bitcoin becomes volatile for you to convince yourself to trust bitcoin, there are so many users and person who is earning bitcoin in different websites, there are so many countries that already accept the cryptocurrency in their land because they believe that it would help their economy to become more reliable and powerful. Bitcoin's volatility makes it so good at investing and trading which we can earn money for sure if we have knowledge about that.

Do not think that bitcoin is a failed experiment because a lot of people benefited from it.

[davinchi]

A few friends of mine were laughing me last week and told me that google has successfully proved Quantum supremacy and now they can mine all the bitcoins within a few minutes. I was upset and searched around and indeed found that google has achieved such advantages. But, this does not mean that they will actually mine all the bitcoins and just because they have achieved such supremacy that makes bitcoins a failed experiment.

I was a believer in BTC and the future of crypto I believed having 1 or more BTC was a smart thing to do that many would look back in 10 to 20 years wishing they'd bought some when it was still obtainable by the regular Joe.

Just sell off the coins and never invest again if you feel so but let me tell you, after at least 3 years from now you will be regretting yourself, that is a promise from me to you!

[desertfox470]

Bitcoin, a digital currency which no one could have imagined will exist, might be just an experiment when it began. The prolong existence of this so called experiment is contrary to the statement and belief of the many that Bitcoin is a failure. Being in a poor condition due to a bad economy does not necessarily mean failure. Every entity that exist in this world does affect one another hence, the economy, outbreak of diseases, panic selling and Bitcoin. And foremost, the volatile nature of Bitcoin cannot be the standard of its success or failure for it is highly dependent unto the market flow and it is made that way in the first place.

[TheGreatPython]

You’re kind of confused man, you first of all said that you’re already used to the volatility of Bitcoin and then you switched to saying that you’re thinking that Bitcoin is a failed project. If you’re already used to the volatility of Bitcoin then you should know that by now that this is how Bitcoin does.

When the price went from almost $20k down to $3k plus in 2019 you didn’t say anything about Bitcoin being a failed project until now that the price has even managed to get passed that level and reached $10k before this sudden drop to $7k. Some of you are quite funny. You just want the price to be going up steadily and so you can make steady profit, but it’s not like that, there will always be risks.

[verita1]

BTCitcoin was an experiment and is working. We must not go far to realize the reach it has achieved. We are a small percentage in the globe that we have accepted it and we are doing everything possible to make it lead to more people and thus grow a large community.
It is true that volatility collapses us but we must become strong and overcome it.
I protect my Bitcoin using my favorite altcoins to pay my bills.

[Stedsm]

@OP, are you one of those old bear-trolls awakened after a long time, starting to trash down on BTC and start a bearish debate here? No, I'm not saying that BTC didn't crash, it did but it's not just BTC alone. You can go and check out all the international stocks, futures, derivatives and commodity markets and whatnot, and understand that such markets are driven by billions, some even by trillions of dollars where the whole cryptocurrency market is just a small piece of an extremely big cake where throwing BTC out of the views of economic investors is a no-big-deal for bears, but still BTC didn't crash as much as those big markets that were in the game since decades. You cannot come and declare a death of BTC every time you see a crash. Remember where we have recovered from? $3k times? Remember?

[hahay]

Lol, if bitcoin is an experiment that fails then its growth will not continue and if it is an experiment that fails it will at least die sooner even less than 10 years. You assume like this only because of the corona virus outbreak, in fact if you always associate the corona problem, then at least all the world economies will be destroyed and not just the crypto market, think more broadly and we don't need to only have a view in one direction because even with Corona virus outbreak is at least you can see for yourself how much loss has been experienced in each country.

[garyrowe]

Today I'm thinking of selling my BTC even though it would be a big loss right now I've been with BTC a while and used to the volitility but this time I believe it's different

I was a believer in BTC and the future of crypto I believed having 1 or more BTC was a smart thing to do that many would look back in 10 to 20 years wishing they'd bought some when it was still obtainable by the regular Joe.

Now I feel that BTC will trend down hitting sub 1 dollars prices possibly even 0 over the next 12 to 18 months. the current coronavirus outbreak has been BTCs first real test and it failed hard and failed immediately. It's not a store of wealth and its failure to hold value in a economic down turn is spectacular and visible to all.  Today I think BTC is a failed experiment. What are your thoughts?

I would like to start by asking you what you understand by the term 'failed project.' And what are your criteria of concluding a project to be a failed one?. Permit me to say that your understanding of Bitcoin to a failed project is totally flawed as Bitcoin grew in price from less than a dollar to almost 20,000 dollars and its currently being traded around 8,900 US dollars. Will you term such a project failed? Again it shocking to see people connect the correction in price of Bitcoin to the coronavirus outbreak when its obvious that this is just the typicalarket correction. As for the possibility of Bitcoin hitting zero, that is clearly not going to happen not after the mass adoption of Bitcoin currently sweeping through countries of the world.

[Becky666]

Although, I don't know on the basis of your findings that make you believed that Bitcoin is a failed experimental digital currency. Remember, Bitcoin is the first mainstream manifestation of Blockchain before others started venturing into the industry. Many giants have already joined the world brought to us through Bitcoin, like IBM, Samsung and many more. From the PoW, PoS and down to  centralized system, Bitcoin snowed the light before others where able to see the light. Bitcoin is the only true decentralized digital currency with an open source to all.

[xiboothrezi]

Market crashes now seem to be in panic sell mode. Not only bitcoin but almost happened to all altcoin experienced a pretty drastic decline, only USD who experienced the opposite trend. Not only the crypto market but the stock market and other commodities also experienced the same thing.
Returning to the topic, if the price reduction is an indicator of the failure of the experiment, it means that all crypto products also fail, I don't think that's wise thinking. We know that cryptocurrency is very volatile, the price depends on demand and supply and various other fundamental factors. During this decade the market did not always go up, but repeatedly down, then up again, over and over. So in my opinion failure here is in the OP's understanding and strategy, it should be able to better understand the bitcoin ecosystem, don't say it's bad because of your failure, but try to be wise and learn from your strategy mistakes.

[minersday]

Today I'm thinking of selling my BTC even though it would be a big loss right now I've been with BTC a while and used to the volitility but this time I believe it's different

I was a believer in BTC and the future of crypto I believed having 1 or more BTC was a smart thing to do that many would look back in 10 to 20 years wishing they'd bought some when it was still obtainable by the regular Joe.

Now I feel that BTC will trend down hitting sub 1 dollars prices possibly even 0 over the next 12 to 18 months. the current coronavirus outbreak has been BTCs first real test and it failed hard and failed immediately. It's not a store of wealth and its failure to hold value in a economic down turn is spectacular and visible to all.  Today I think BTC is a failed experiment. What are your thoughts?

First and foremost, you don't really know and understand anything about Bitcoin and the entire crypto ecosystem. IF you did, you will not have made this post. Bitcoin has been around for 10 good years now and its average value for a year has always increased since it was introduced to the financial ecosystem. Bitcoin is never a failed experiment. Do you even understand what a failed experiment is ? I think you should time researching about the entire bitcoin market before drawing conclusions.

[vermigerous]

I think this was just so much prediction of you on bitcoin. For me, i can never think that bitcoin was a failed experiment. It got fame and popularized in a decade of time, perhaps it brings cryptocurrency and make it know to the whole world that cryptocurrency is a good thing and innovative type of business.

[denzkilim]

Today I'm thinking of selling my BTC even though it would be a big loss right now I've been with BTC a while and used to the volitility but this time I believe it's different

I was a believer in BTC and the future of crypto I believed having 1 or more BTC was a smart thing to do that many would look back in 10 to 20 years wishing they'd bought some when it was still obtainable by the regular Joe.

Now I feel that BTC will trend down hitting sub 1 dollars prices possibly even 0 over the next 12 to 18 months. the current coronavirus outbreak has been BTCs first real test and it failed hard and failed immediately. It's not a store of wealth and its failure to hold value in a economic down turn is spectacular and visible to all.  Today I think BTC is a failed experiment. What are your thoughts?

Failed experiment because you bought Bitcoin and it does make you rich in a short period of time?? Are you really a believer of Bitcoin or you're just spreading some FUD in here, because based on what you are saying you probably don't have enough knowledge about Crypto Currencies.

[2020VISION]

Today I'm thinking of selling my BTC even though it would be a big loss right now I've been with BTC a while and used to the volitility but this time I believe it's different

I was a believer in BTC and the future of crypto I believed having 1 or more BTC was a smart thing to do that many would look back in 10 to 20 years wishing they'd bought some when it was still obtainable by the regular Joe.

Now I feel that BTC will trend down hitting sub 1 dollars prices possibly even 0 over the next 12 to 18 months. the current coronavirus outbreak has been BTCs first real test and it failed hard and failed immediately. It's not a store of wealth and its failure to hold value in a economic down turn is spectacular and visible to all.  Today I think BTC is a failed experiment. What are your thoughts?

nice call i bet people wished to listen to youes :-D bitcoin is obviously broken ,,,needs community to work ~$1000 bitcoins soon?

[NavI_027]

Today I'm thinking of selling my BTC even though it would be a big loss right now I've been with BTC a while and used to the volitility but this time I believe it's different

Well, if that's your final decision then so be it. Who are we to stop you anyway? I just hope you won't regret this after looking on btc booming in the future. I wonder why you lose hope and have negative feelings suddenly. I presume you are btc investor for a quite a long time already so why backing out now?

Now I feel that BTC will trend down hitting sub 1 dollars prices possibly even 0 over the next 12 to 18 months.

Uh uh uh , not that fast my friend. Okay let's assume that btc will fall that hard in the future (though for me it's slightly impossible), I don't think it will happen within a year. The worst bloodbath I saw was on 2017 and yet btc survived, then what more during these times?

[FightThePower]

Today I'm thinking of selling my BTC even though it would be a big loss right now I've been with BTC a while and used to the volitility but this time I believe it's different

Well, if that's your final decision then so be it. Who are we to stop you anyway? I just hope you won't regret this after looking on btc booming in the future. I wonder why you lose hope and have negative feelings suddenly. I presume you are btc investor for a quite a long time already so why backing out now?

Now I feel that BTC will trend down hitting sub 1 dollars prices possibly even 0 over the next 12 to 18 months.

Uh uh uh , not that fast my friend. Okay let's assume that btc will fall that hard in the future (though for me it's slightly impossible), I don't think it will happen within a year. The worst bloodbath I saw was on 2017 and yet btc survived, then what more during these times?

After reading many posts on this site it seems this place is very cult like with everyone believing bitcoin is king regardless of real world events no one dare Critic the dear leader BTC. People here will be still claiming BTC is bullish and mass adoption is any time now even as it trades for 10 cent per coin 😂🤣

Also would be good if people actually read my OP rather than just claim I'm a get rich quick newbie. I said I believed mass adoption would happen in 10 to 20 years how is this get rich quick thinking?

looks like I was correct BTC is absolutely finished it's digital currency narrative went away years ago and now with markets in turmoil its digital gold narrative has evaporated too. What's left? What reason is there for mass adoption or any new comers to join BTC? No institutional money will ever come in now. BTC is on a trend to zero. It will NEVER trade above 9k ever again

Coronavirus is the 1st true global catastrophe BTC faced many thought BTC would soar in such times but it failed spectacularly

[FightThePower]

What are your thoughts?

I have only one question after reading your OP / post. For how many years you are holding your BTC?

4 years. Let me explain my rationale for believing BTC is done. The corona crisis has demonstrated BTC is Not the digital gold many have been praising it to be.

Now that the gold 2.0 story is over what other value/reason is there for anyone let alone institutions to invest in BTC?

 I believe its failure to endure this crisis has started a trend to 0 and ended dreams of mass adoption for good.

[Zionatin]

You look like the typical Bitcoin newbie.
At a 10K USD bitcoin price and a bullish trend,you "believe in the future of Bitcoin".
At a 8.5K USD price correction and a possible bearish trend,you don't believe in the future of BTC anymore and you start whining that the price will go to 1 USD in 12 months to 18 months.This just isn't serious,man.
If you wanna sell everything,just do it.Panic selling is something normal,unfortunately,I've done it before.
Stop whining and act like a man.
The question "Is bitcoin a failed experiment?" has been asked 134934565 times on this forum and every time  it's asked at a bearish trend,when the price was falling.Bitcoin is here for more than 10 years and it isn't going anywhere near 1 USD or USD price.

Yes, They only love it when it's doing well. The OP doesn't know what they are talking about and are judging something because it's not doing what they want it to do. If bitcoin just went up and never down then you could never get a chance to get more bitcoin for a cheaper price. So many new people think of bulls but not bears. Both can become profitable. It's s short-sighted mindset. I did panic sell but I did so since I also needed the fiat. It was a painful thing to do something you know is a bad idea but have no choice.

[Kurokonobasuke]

Nope, Bitcoin is not an experiment because many people are just using it in so many online transactions out there, so that it is not we called as failed experiment.  We know that bitcoin is a volatile currency that anytime the price of bitcoin maybe go down or up. We don’t need to say that the bitcoin is a failed experiment, the world is suffering the crisis called coronavirus and everything are affected on it. The bitcoin doesn’t also escape this kind of situation because as we can see it the price of bitcoin and other currency are going down so deeply. But it is normal to happened because after the crisis it will surely back to the normal price.

[crustycrab666]

Experiment? I prefer to call it innovation. Bitcoin offers many answers to problems in finance, including transactions, investments, etc. Bitcoin is becoming increasingly superior because it maximizes technology, in accordance with the times. Although there are many pros and cons, the ecosystem formed is very strong, ten years is enough to prove that bitcoin is a good innovation.

[finaleshot2016]

--

Really? Bitcoin's value as of now is very stable at $7k and have a good chance of going back to $9k club. It's the right thing of selling that bitcoin since you don't deserve it for not having faith in its potential in the market. Investment is not just a sleight of hand, it requires timing and good decision and I guess you're rushing on it.

I don't think it's a failed experiment, people already used the blockchain on many innovative projects and succeed so why should we call Bitcoin, which is the origin as a failure? Blockchain is another advanced technology where we can get another technology on it by studying and using it.

[Flickkk]

Today I'm thinking of selling my BTC even though it would be a big loss right now I've been with BTC a while and used to the volitility but this time I believe it's different

I was a believer in BTC and the future of crypto I believed having 1 or more BTC was a smart thing to do that many would look back in 10 to 20 years wishing they'd bought some when it was still obtainable by the regular Joe.

Now I feel that BTC will trend down hitting sub 1 dollars prices possibly even 0 over the next 12 to 18 months. the current coronavirus outbreak has been BTCs first real test and it failed hard and failed immediately. It's not a store of wealth and its failure to hold value in a economic down turn is spectacular and visible to all.  Today I think BTC is a failed experiment. What are your thoughts?

I think with or without the pandemic bitcoin still stable atm.
You just tried to invest in bitcoin but not wait longer.
As one rich man said.
Make a 10% investment with a huge risk and think the 10 % you invest is a loss.
So you just dont rely everything in a crypto.

[nomenclatur]

Do you think that bitcoin is a failed experiment? You are wrong when you just buy bitcoin prices continue to fall you think that bitcoin fail you should always learn to understand about Bitcoin does not judge from the price when Bitcoin down when the epidemic coronavirus all be affected include the price of bitcoin You have to read the news about the state of the current world price bitcoin also affect the condition, the bad news, the holder of bitcoin itself greatly affect the price.