Is bitcoin a failed experiment?

[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]

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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.