Don't you think Bitcoin will die over the summer?

[SadlyFox]

Recently, the price of bitcoin has dropped by almost 1/3.  The beginning of May is 58 thousand, now it is already 38 thousand. The chart is steadily falling down.  Will Bitcoin die in the summer?

[Oshosondy]

Bitcoin price can only decrease, it can not die, I do not even think bitcoin price can decrease more than $20000. The price will increase again with time. You should not panic, this is not new in bitcoin price increase and decrease. The price will increase, later decrease, people will use the decrease price opportunity to buy and waiting for increase, the price will increase back even more than the last highest price increase.

[virtualdn]

Recently, the price of bitcoin has dropped by almost 1/3.  The beginning of May is 58 thousand, now it is already 38 thousand. The chart is steadily falling down.  Will Bitcoin die in the summer?

Yes it will die. It will go down to zero. You better sell all your BTCs right now and give them to the whales and Elon Musk. You will be safe with FIAT. Sell everything now, just do it.

[Pandji02]

LOL. Nope. This drops absolutely fine for BTC. It can even drop to 20k point but it'll rise again. And i'm pretty sure we'll see new ATH in the next year.

[bL4nkcode]

Bitcoin price falls more than that, it fall more than 80% yet there are still someone like you asking if bitcoin is dead or will die in whatsoever.

https://99bitcoins.com/bitcoin-obituaries

[Coyster]

Price corrections/dumps/drop doesn't in any way threaten the sustainability of Bitcoin, it's basically obvious that Bitcoin isn't one of those lottery pump and dump coins that 'dies' leaving investors with worthless coins; there have been quite a lot of manipulations here and there of late, especially from Elon, which only affects the price cause some investors don't understand the network and don't do their own research.

The thing is, only 'get rich quick investors' would think Bitcoin will die 'in the summer' or anytime for that matter cause they always want a spike so they can make profits for the short time, if you study Bitcoins historical price movements, it's use cases, the speed at which institutional investors are adopting it, the ways it's changing the monotonous financial system, it's mainstream movement etc, you'd understand it's more than a coin that can just merely 'die'.

[oemar bakrie]

there are many factors that bitcoin goes down, from people's boredom and the difficulty of making profits in buying and selling..
and also many big countries that forbid to transact in any case using bitcoin, therefore the fear of potential investors changes and changes direction to make transactions with bitcoin or any token..

[Oshosondy]

Yes it will die. It will go down to zero. You better sell all your BTCs right now and give them to the whales and Elon Musk. You will be safe with FIAT. Sell everything now, just do it.

You are not right about this, how can the price of bitcoin drop to zero, when many people just want its price to drop to certain level and buy or buy again, do not expect bitcoin to drop to zero, it can not even drop to $10000 for now not to talk of dropping to zero. And expect another all-time-high later after long term period, probably after the next halving.

Or is this ironically expressed? I have seen many of your posts supoorting 1btc = 1 btc and how bitcoin will have more value.

[Lucius]

Will Bitcoin die in the summer?

Only if he does not use the appropriate UV protection factor, because it is a well-known fact that the sun is very dangerous during the summer

Let's put the joking aside, everyone and everything will one day die or disappear, so maybe one summer in the distant future Bitcoin will cease to exist, but not in the sense that it will literally disappear - but that it will become completely insignificant to humans to the point that almost no one will use it. What was cutting-edge technology to humans 100 years ago is in museums today, and in the next 100 years people are likely to achieve incredible technological advances that will make today's technologies completely irrelevant.

[rahmatrf331]

Recently, the price of bitcoin has dropped by almost 1/3.  The beginning of May is 58 thousand, now it is already 38 thousand. The chart is steadily falling down.  Will Bitcoin die in the summer?

bitcoin will die for those who are afraid to take risks and for those who are strong and dare to take risks of course bitcoin never dies, it becomes a great opportunity to invest in the long term.
Why do you have to assume that it's dead, I see it's just a cycle or in other words, just a correction to the market price, so there's a balance.

[worle1bm]

Recently, the price of bitcoin has dropped by almost 1/3.  The beginning of May is 58 thousand, now it is already 38 thousand. The chart is steadily falling down.  Will Bitcoin die in the summer?

It's not the first time we have witnessed dips and even not the first time we have seen such post by panic seller like you.We have seen some worse phases also but btc have surpassed every time.In 2018 prices went from $20k to $3220 which was 83.6% down and in Nov 2016 we witnessed 87% crash from $1163 to $152.You have not seen that otherwise you would have freaked out even more.Have a look at this chart:

Bitcoin is not dead but just your faith in bitcoin is dead.

[eaLiTy]

Recently, the price of bitcoin has dropped by almost 1/3.  The beginning of May is 58 thousand, now it is already 38 thousand. The chart is steadily falling down.  Will Bitcoin die in the summer?

If you search this forum you will find hundreds and thousands of topics that says that BTCitcoin would die after every correction and during the initial market boom and whenever the price rises everyone would have that feeling that we might see a huge drop and whether the government could intervene and impose restrictions before the mass adoption and if we could surpass all that and we could reach here there is no way anyone with common sense would think that the market would die  .

[STT]

Its not summer in the southern hemisphere, quit your small world thinking and you will quit tricking yourself into false conclusions based off near term moves.   Somehow BTC manages to be a large inertia moving asset, despite the fast moves in just these last months it really relies on long term factors resolving towards its gains.
  The summer really doesnt matter that much, bigger factors are in play and Im more interested to read about those then the price and endless speculation.  Spectulators arent really what drive BTC, if they lose for the rest of the year then so be it and the damage is theirs to take same as the profits previous.

[dothebeats]

This is a common misconception during rough times in the market like this: bitcoin is dying and will never recover.

There have been a lot of similar scenarios wherein bitcoin is expected to drop to 0 and never recover from it again, although people who say this often forget that bitcoin's infrastructure is not only built upon traders' pockets, but also miners who have a huge stake on this whole thing. People will not let this die as it is an excellent part-time gig that they can fall back to when all other assets are performing so bad.

[Oilacris]

Recently, the price of bitcoin has dropped by almost 1/3.  The beginning of May is 58 thousand, now it is already 38 thousand. The chart is steadily falling down.  Will Bitcoin die in the summer?

Common words or sentiments do came from people who are just new into this market but once they do get some experience on how this market works
then they would basically know up things on their own and change up those sentiments.

@OP we arent really seeing the worst because if you do able to experience that 2018 crash then you would definitely say that this market is over.

Lots of events or situations where bitcoins price could swing up with those big ranges and its part of its behavior because everything will vary on demand and interest or adoption.If you do see swings up like this then better get used to it because it wont really be interesting if price had been static
since from the start.

[el kaka22]

Why would it? I mean if your only justification is the fact that bitcoin dropped during the last 2-3 weeks, I am sorry but you have no idea about crypto at all, and maybe you should not invest just for now, learn more about it and when you know more about it then you can trade later on, or invest.

Crypto is something that can go any direction at any moment and there is no reason that helps form the past, I mean it can either go to 100k during this summer or it can go to 10k this summer, both is equally possible. At the end of the day it will not "die", there is no dying in crypto, it may go down but in the end it will recover and do a lot better in the long run, that is what I believe will happen, even if it falls that is, it may not even fall. So do not be worried, there is no death for bitcoin, will never happen while we are alive, it will just be going higher and higher over long period of time.

[jossiel]

Die?

https://99bitcoins.com/bitcoin-obituaries/

Bitcoin has been said dead for 416 times.

You're only looking at the peak price of bitcoin and the current price. Zoom out if you have to take a look and think if the word "die" is suitable from what you're saying.

[proudhon]

Will Bitcoin die in the summer?

It's still technically spring. Bitcoin is already dead.

[adzino]

Recently, the price of bitcoin has dropped by almost 1/3.  The beginning of May is 58 thousand, now it is already 38 thousand. The chart is steadily falling down.  Will Bitcoin die in the summer?

You have never seen the price crash before? You must be new here. Look at the charts and try to learn something from it . Most of the people were already expecting the price to fall after the huge bull run. It is very normal. Compare the current price with the last ATH few years back. You will see that bitcoin is actually up in price. Why do you people keep on thinking that crypto currencies will dies when the price falls? Lol, do you say the same when the price of stock or gold drops?

[uneng]

Recently, the price of bitcoin has dropped by almost 1/3.  The beginning of May is 58 thousand, now it is already 38 thousand. The chart is steadily falling down.  Will Bitcoin die in the summer?

Well, if bitcoin dies in the summer you can be sure it will ressurect after some time. That is how bitcoin works. FUDs are spread just until the weak hands put all their coins for sale, so the whales speculators buy the dip and a new bull run starts again right after. You have to choose what kind of investor you want to be: the holder or the weak hands.
I have never seen a holder regretting about their choices. On the flip side, I can't say the same about panic sellers. Be wise, pick the right strategy when investing in bitcoin.