BTC is Going to "DEAD....!" Need Discussion.....

[Matrix.Max]

Hi BTC Community Friends


Since last two yrs from today's date ie 04-09-2020
why BTC is Hanged up between $6000 to #12000

While From 01-08-2017 to 31-12-2017
BTC Shoot up from $2857 to $19495
it is just 4 months Duration.......

while from last two yrs whole community is trying/hoping
that
BTC will reach again more than at its actual level ie 20K...
whole community together is trying to boost BTC......
but every efforts of whole community doesn't work.

Why....

it is not boost up again.......

if we will not analysis this situation
then it might be possible that in near future
we have to spent more BTC to buy only "Single PIZZA"

Need Healthy Discussion......

Regards
Matrix.Max
(Formally know as Dvyanc)
Sr. Member of Bitcoin Community.

[mk4]

BTC shot up so high so fast in 2017 because it was overly hyped that even people who don't know a single thing about it just registered a Coinbase account and did a buy order.

So you're question is: "Why.... it is not boost up again.......". Simple, it's because not that much people are buying bitcoin. And if you're not willing to wait for another price rise that's hopefully a lot more sustainable, then go sell your bitcoin. Investing is not for the impatient.

Regards
Matrix.Max
(Formally know as Dvyanc)
Sr. Member of Bitcoin Community.

? ? ?

[Finxflo(FXF)]

I don't see why there is so much emphasis and expectation that BTC must go up. It's going to do what it does. Zoom out and the trend is still very clear. Anyways if you are a good trader you will make a profit regardless of BTC price. And if you are in it for the tech, it still works equally as well if the price is $0.01 USD or $100,000.00 USD.

[Hypnosis00]

If we assume that BTC is going to DEAD, then expect that altcoins will comes first?
Because we saw that in 4 months last 2017 the price moves that fast and it is different from today, then we think will soon die? I don't need to think that way and not a basis for sure.

No, I don't want to live that kind of negativity. And in a certain thing that I don't want to please people if they don't believe Bitcoin, I have the faith and it is far from what the topic said.

[Jet Cash]

I agree - quick sell all your coins now while the price is low. If you ask me nicely, I might even buy them from you to help you out.

[Lucius]

Why....
it is not boost up again.......

You don’t take into account at all that halving happened in 2016, and that a bunch of ICOs were in full swing, and also that people completely misinterpreted the BTC futures that happened right at the end of 2017. The media pumped up the whole thing to the maximum, and BTC was everywhere because some expected the price to go up to $100 000.

As a member of this forum since 2014 (if the information is correct) you should know better the answer to some questions and understand what time we live in. We are now in anticipation of the halving effect that happened a few months ago, but nowhere is it determined what the price of Bitcoin will be in 1 month, a year or five years.

Regards
Matrix.Max
(Formally know as Dvyanc)
Sr. Member of Bitcoin Community.

? ? ?

The OP claims to be this member -> https://bitcointalk.org/index.php?action=profile;u=352185

[Fundamentals Of]

What do you think of the price of Bitcoin? That it just repeats itself?

What happened in the past may give you a slight idea of the different probabilities of Bitcoin's next movement but it will never predict it. Bitcoin's price movement does not just replay over and over again, so you cannot just say, "this year and within this certain time range, Bitcoin jumped from this price to that, so this and that must happen during this certain time." That is impatient and foolish of you to think that way.

Nobody is afraid of Bitcoin going dead after it died at least a thousand times already.

[grabpopcorn536]

Things in the past often repeat in the future, now bitcoin is at a stable price to be able to grow again. Bitcoin has tested the 3k-4k price zone twice, which is a double-bottom pattern. Investors are patient and they will receive a reward. If bitcoin continues to fall in the lower price range once again, it will be catastrophic.

[coolcoinz]

The OP claims to be this member -> https://bitcointalk.org/index.php?action=profile;u=352185

Lost his password?
Judging by the post history a signature spammer...

So a healthy discussion. What makes you think that BTC is dying? The cycles are becoming longer every time, so if it took us 2014 and 2017 (about 3 years) to reach a new ATH, it's safe to assume that the next cycle will take 4 or even 5 years. We are right now in the our 4th year, everything is fine. Many analysts predict 2022 to be the peak of the next cycle.
Bitcoin is doing fine if you ask me.

[Insanerman]

if we will not analysis this situation
then it might be possible that in near future
we have to spent more BTC to buy only "Single PIZZA"

Need Healthy Discussion......

If  you aren't active nor having discussion in your daily basis here in the Bitcoin Discussion board, then you are the unhealthy one. Those kind of queries and topics are too cliche and had been opened for so many time and the answer is just the same as well. It's just funny and ironic why you are endorsing your old Sr.Member acocunt at the end of your thread - an account that hasn't been active for two years whom created such posts that aren't even useful and extremely cliche topics (https://bitcointalk.org/index.php?action=profile;threads;u=352185;sa=showPosts)..

Same answer: if you are really onto bitcoin, then you should have no doubt in it and take this price decrease as its normal flow. It only increased recenlty due to the whales and the hype of many newbie investors.

[lionheart78]

The OP claims to be this member -> https://bitcointalk.org/index.php?action=profile;u=352185

Lost his password?
Judging by the post history a signature spammer...

You're too fast to pull the trigger, looking at his post history he seldom joins sig camp but social media campaign.


Anyway, the general answer to why Bitcoin is tanking is because there is not much demand to push the price.  Possibly, the investor's attention is diverted to DeFi projects since it is selling like hotcakes today.  Just wait and bitcoin market will start to surge again after this DeFi craze and as soon as investors of DeFi make their fund flow to BTC again.

[Debonaire217]

So a healthy discussion. What makes you think that BTC is dying? The cycles are becoming longer every time, so if it took us 2014 and 2017 (about 3 years) to reach a new ATH, it's safe to assume that the next cycle will take 4 or even 5 years. We are right now in the our 4th year, everything is fine. Many analysts predict 2022 to be the peak of the next cycle.
Bitcoin is doing fine if you ask me.

If that is the case, the OP is far way having better knowledge that any of the newbies who just registered late 2019 and 2020. But I am just curious about his posting style, basically it could built over time, that posting style will be easy to read but with OP, what you've mentioned I guess it's not your account, or if that is true, I think you just went here for signature campaigns.

Going back, we cannot blame bitcoin for what is is now, thus, we should be greatful that more people are being engage to it, because price isn't the basis on how good a crypto is, but to its purpose specifically, to make peer to peer transaction possible.

[cabron]

Maybe because we are all expecting it to rise up to ATH again but I guess BTC is going to fail us all because of it. It may really happen when you least expect it just like what happened in 2017. When the price breaks up to $5000. It as already the moment of success for me that I for the first time used by personal facebook account to glorify it.

Its hard not to expect nor speculate when the price will go beyond its ATH though because everyone seem to be talking about this.

[SomeJasonGuy]

BTC shot up so high so fast in 2017 because it was overly hyped that even people who don't know a single thing about it just registered a Coinbase account and did a buy order.

So you're question is: "Why.... it is not boost up again.......". Simple, it's because not that much people are buying bitcoin. And if you're not willing to wait for another price rise that's hopefully a lot more sustainable, then go sell your bitcoin. Investing is not for the impatient.

Regards
Matrix.Max
(Formally know as Dvyanc)
Sr. Member of Bitcoin Community.

? ? ?

Agree with this. Also in 2017 tether was running its own printing machine and there may have been a bit of foul play involved on their part. A lot of that narrative died down since then though. I think they were able to prove they had the funds. Also just like the DeFi craze now, we had the ICO craze back then. Although I won’t rule out a massive price surge towards the end of this year of early next year. All signs seem to be pointing towards it. So maybe you don’t even have to ge *that* patient

[oprahwindfury]

If you are closely familiar about Bitcoin then you can  realize  that Bitcoin is not going to dead so easily.
Here are some points;
1.Bitcoin has the biggest audience in the crypto world.
2.A lot of people here already invests in Bitcoin and they are holding it.(Of course because of some reason)
3. Two years back from now,bitcoin's worth was 16k-20k  usd.so, for holding or investment  sector  patience is very important.
Even in pendamic many people are living by bitcoin.

[finaleshot2016]

You want a healthy discussion but didn't even mention any analysis or study that says BTC will become dead soon?

The only thing you did is compare a different timeline which is 2017 and 2020. If you really think that bitcoin will be dead soon, selling BTC will be the right move for not understanding how basic economics work.

After the year of 2017, the year of hype of crypto, a lot of stuff happened that was linked to cryptocurrencies, and you didn't even think it was affecting bitcoin? Probably not. The community of cryptocurrency is huge, bitcoin will be not forgotten so easily, and actually, it's the stepping stone for implementing a cashless society. Many platforms are starting to adopt the use of cryptocurrency so how come it'll become dead just because it didn't reach a new ATH this year? Oh c'mon.

[TopTort777]

I have lost the number, how many times people tagged bitcoin as dead. Now agains. The price went down for 1k and people already “dead”, “”going to the bottom” and etc.
It is too late to bury bitcoin. Wait till we reach March minimum

[fiulpro]

You should understand some things:

1. There are more countries now open towards Bitcoins and other cryptocurrencies

2. Much more people know about it ; to the extent that they are even studied in the universities.

3. Bitcoins even though it achieved all time high in 2017; it's more useful in 2020 due to the Pandemic thus people have pretty positive reviews towards it

4. It's not about the price
Price matters for the people who are in the market only because of profits but for the people whose lifestyle saw a big change due to cryptocurrencies; who are earning part time due to Bitcoins ; its different.

As for me usage is more of a priority compared to price. For me it's more valuable in 2020 ; supporting my family through this pandemic it's something that the government couldn't do.

[carlfebz2]

You do have your own choice if you do leave out into this community but dont think that people would have similar impressions or views on what you had mentioned.

History can either nor cant repeat itself and no one knows if it would happen but you cant blame out people or the community not to have his hopes up yet they did already experience
of its potential which it can really reach up heights on where anyone isnt even expecting.

BTC is going to DIE? There are lots of similar threads on this forum do talk about that but look at where we now?

[Twentyonepaylots]

LOL you did compare the year where the bitcoin was hyped by investors, and at that time bitcoin was the only coin that most people know in the market. You just can say that bitcoin will die, bitcoin will be down or whatever just because the price today is not what you expected. The bitcoin is swimming on a lot of people, speculations that made the bitcoin more balance in volatility, there is no one sided movement for now because every one of us is waiting.