Bitcoin is dead!

[Vaskiy]

None is sure, how far this drop will happen. For now it is the biggest crash happening with the cryptocurrency market. There are predictions that the price will go even down. Whenever I see the decline in the price it reminds me to invest, and there are certain altcoins still strong in the market even when ethereum have declined and reached close to $900. Possibly this looks like the market getting maturity and for the better coexistence with traditional market.

[1715568410]

1715568410

[1715568410]

1715568410

[Slow death]

I think using that word "dead" never made sense, that's because it's not possible for bitcoin to die, because there will always be people who will use bitcoin, so it won't die. But we have to see that even if he doesn't die (because there's no way to die) he can drop to a price that is very low, breaking the high expectations of many people and also leaving many people with great losses, just look at El Salvador that bought bitcoin when the price was above 40,000$, today they are with great losses and imagine if any other country bought bitcoin for the price of 40,000$? how far can bitcoin be trusted? a country that buys bitcoin is asking to go bankrupt, let's face it that an asset that drops a lot like bitcoin, is not something for any country to buy.

[virtualdn]

I think using that word "dead" never made sense, that's because it's not possible for bitcoin to die, because there will always be people who will use bitcoin, so it won't die. But we have to see that even if he doesn't die (because there's no way to die) he can drop to a price that is very low, breaking the high expectations of many people and also leaving many people with great losses, just look at El Salvador that bought bitcoin when the price was above 40,000$, today they are with great losses and imagine if any other country bought bitcoin for the price of 40,000$? how far can bitcoin be trusted? a country that buys bitcoin is asking to go bankrupt, let's face it that an asset that drops a lot like bitcoin, is not something for any country to buy.

People who think BTC will ever drop to zero are naive , not to say childish. First of all, BTC has millions of users. Secondly, it will last at least until 2140 when the last BTC will be mined (if the world will last too). Thirdly, if it will drop too low many will want to buy as much as possible (including myself) which will make price go up. BTC has a huge potential and people selling now are chickens who have no idea what gold mine they have.

[sakil200]

BTC Update



Bitcoin can come in at 12,000$ So everyone will understand and invest now no one will take anti for short time. Take anti for long time

[virtualdn]

BTC Update



Bitcoin can come in at 12,000$ So everyone will understand and invest now no one will take anti for short time. Take anti for long time

Who's this guy. Sure, if this guy says it it will happen, we all have to trust him. Stop listening to everyone. Follow your own instincts.

[P2PECS]

It would be very naive to think that bitcoin is dead, just as it would be very naive to think that investing in bitcoin is going to be as profitable going forward as it was in the early cycles. And even more so after what we are seeing. It's not dead, that's for sure but the forecasts for this cycle have disappointed to the downside.

[KaliLinux]

They say, "A Picture is worth a thousand words"

This is way back to 2011 and Bitcoins price has always been in an uptrend regardless of all the corrections or Bear markets if I may use that phrase. People fail to look at it from a wider frame of time and as OP has shown too, we will witness a time when people will seek a $200k Bitcoin price as a Bear market price and still claim the collapse of Bitcoin.  

[blackened515]

They should be lucky to have this price again because how could they buy if Bitcoin are still staying at the ATH? I bet they don't know that or they just assumed that it would go down for a bit then pump again after the dip buy they never knew that this how the market works.

Exactly what I told a friend of mine. But many people still thinks Bitcoin will probably die. Especially those who are new in the Crypto space. Yes, the price of Bitcoin have been dipping for sometime now, but is also an Golden opportunity of us to accumulate more Bitcoin. Because, it seems obvious that the price will soon or later bounce back.  We all know Bitcoin is not stablecoin. Rather than complaining about the dip in price, why don't we take good advantage of the current situation of the Market.

[BobK71]

Those who are known Bitcoin for a long time, are not disappointed. In most cases, dumping Bitcoin is a big collapse for new investors. It is important to keep in mind that many investors, including institutional investors are now investing in Bitcoin. At the same time lots of media report negatively to attract investors attention to their channel. Ultimately these activities brings a negative impact on the bitcoin price and it can also be pre-plan form the blue whale. So it is better to buy bitcoin right now and hold it for long time, you will definitely get good return.

[stadus]

Those who are known Bitcoin for a long time, are not disappointed. In most cases, dumping Bitcoin is a big collapse for new investors. It is important to keep in mind that many investors, including institutional investors are now investing in Bitcoin. At the same time lots of media report negatively to attract investors attention to their channel. Ultimately these activities brings a negative impact on the bitcoin price and it can also be pre-plan form the blue whale. So it is better to buy bitcoin right now and hold it for long time, you will definitely get good return.

It's just an ordinary day, bitcoin will dump and pump on its own time, and now that we are witnessing a bear market run, we should understand that we have to go through this process if we want to witness a huge bull run in the years to come. I believe this bear run will not be short, price may bounce back a bit but bear market will stay for awhile, so what should we do now? easy, just buy and hold.

[yazher]

Yeah, imagine when BTC will crash from $200,000 to $100,000: run for your lives, sell everything and forget about it  

Such drama in this world. This is why HODLing and relaxing is the best way to handle these things. 1 BTC = 1 BTC even in 2140.

If you really have an objective to hold bitcoins for the long term, the more it goes down, the more you buy and gonna keep it for the later bull run or until the time you think you managed to earn a huge amount of income. some people who were holding from 2013 are still holding until now and they don't care about the current situation of the market because what's matters to them is the vision and objectives they have when they first bought it. the only people who are rushing to sell their BTC and panicking right now because they might use some of their savings to buy bitcoins.

[decodx]

We may encounter volatility as bitcoin moves back up but it is nothing new, the signs are there for Bitcoin to stay strong and recover. For now, at least, we should not sell, as we know that old saying: "You don't lose until you sell" is true. There is always time to sell as we know, but you do not sell until there is a reason to, and right now, there is no reason to sell.

When you see bitcoin bottoming, you should be sitting on your buy list, it may bounce a little but do not sell, bitcoin is on the right track to make a big comeback. All we need to do is to get through the bear market which will last for a while. Of course we will try to predict where the bottom is but sometimes we end up being wrong and then you have to wait to start buying back in.

[famososMuertos]

The imminent idea of the media is to catalyze the news to the maximum extent of the "tragedy" as they want it to be seen, if a comparison is made on the opposite side (ATH) the positive indigence is of a very different scale and therefore It is generally given less media coverage.

[rossjamie]

Well, we are in the phase of bitcoin again. It's like the Chinese government banned bitcoin more than twice

[Mpamaegbu]

I'm sure those chorusing that Bitcoin is dead are those who regret not getting enough of it while it was very cheap.

Well, we are in the phase of bitcoin again. It's like the Chinese government banned bitcoin more than twice

Is anyone still taking about what the Chinese do with their hatred for Bitcoin just so they can protect their Yuan. We've since gone passed that phase of concern. It only scared some of us newbies then in 2017 when China first hit Bitcoin. They've banned it several times that it's of no effect anymore. This day, I'm not perturbed at all with what China does in respect to Bitcoin. All empty noise and little or no effect.

[Hispo]

Those who are known Bitcoin for a long time, are not disappointed. In most cases, dumping Bitcoin is a big collapse for new investors. It is important to keep in mind that many investors, including institutional investors are now investing in Bitcoin.

Everyone eventually has their first crash within this market, right?
It is the Baptism by fire for those who have enter this volatile market and it is during these times when crypto market put pressure on the psyche of the retailers.

Keeping in mind many newcomers join since the beginning of the bull market in 2020, I am not surprised to see so much trauma from this, added to the collapse of Terra-Luna and the current drama going on with celsius, which only adds fuel to the fire.

[RealMalatesta]

I'll start by saying that I haven't sold anything since 2021 and still hold 80% of my bitcoins from 2016, but the price is looking the weakest I've ever seen it. It's not about the price in USD but the way it goes down week after week without any comebacks and retests. This is not normal even for Bitcoin. Looks like all that hype that institutions are coming to bitcoin is unwinding and it's going to end with a headache for all of us.

For me personally even $3k is nothing because I held all the way from 1k to 20k and back down to 3k, so if we were to fall down to 3k again I'd still hold, but it's painful to watch how a stupid USD pump can bring something that's being traded all around the world down.

This is the path I have taken as well, and even though it is 20k right now, I still have absolutely no reason to sell right now and would never sell. This doesn't mean that I am not upset about the price drop, of course I am upset about the price drop, why wouldn't I be? I have all my investments in just bitcoin these days, sold everything else and holding bitcoin only, so when that falls it does make me feel shitty about it for sure.

But, just because I am upset that it went down, doesn't change the data and the idea that bitcoin wins in the long run, me being upset has absolutely no relevance to profit making at all. This is why I do not sell just because I feel something, emotions have no place in trading.

[tippytoes]

I'll start by saying that I haven't sold anything since 2021 and still hold 80% of my bitcoins from 2016, but the price is looking the weakest I've ever seen it. It's not about the price in USD but the way it goes down week after week without any comebacks and retests. This is not normal even for Bitcoin. Looks like all that hype that institutions are coming to bitcoin is unwinding and it's going to end with a headache for all of us.

For me personally even $3k is nothing because I held all the way from 1k to 20k and back down to 3k, so if we were to fall down to 3k again I'd still hold, but it's painful to watch how a stupid USD pump can bring something that's being traded all around the world down.

This is the path I have taken as well, and even though it is 20k right now, I still have absolutely no reason to sell right now and would never sell. This doesn't mean that I am not upset about the price drop, of course I am upset about the price drop, why wouldn't I be? I have all my investments in just bitcoin these days, sold everything else and holding bitcoin only, so when that falls it does make me feel shitty about it for sure.

But, just because I am upset that it went down, doesn't change the data and the idea that bitcoin wins in the long run, me being upset has absolutely no relevance to profit making at all. This is why I do not sell just because I feel something, emotions have no place in trading.

As long as you are not selling, you are not losing in this market. Also, you are buying btc because you believe that someday you will reap your rewards. So for me, it is just normal to feel disappointed or whatever feeling you have in the current market situation. But as long as you hodl, you're not a loser right now. Who knows, it is only a matter of time before we see it going up fast again. This is crypto, so there are so many things happening in just 24 hours.

[sulendra12]

Someone will still tell you later, bitcoin crashed to $200K… run before it's too late.
Bitcoin has been around for 13 years and for the last 13 years the negatives about bitcoin have always been there and you know bitcoin hasn't stopped yet.

It's always been like this since earlier days of Bitcoin and probably people who says Bitcoin is dead either they don't know what they are talking about, or just luring people so those people sell their assets and the whalers use that opportunity to buy more on dip as people following what the "media" says as they think that's what the most important thing to follow. This thing will never ends and it's up to us on how do we manage this event.

[Ebede]

It would be very naive to think that bitcoin is dead, just as it would be very naive to think that investing in bitcoin is going to be as profitable going forward as it was in the early cycles. And even more so after what we are seeing. It's not dead, that's for sure but the forecasts for this cycle have disappointed to the downside.

some people will think that Bitcoin is dead because they don't know how bitcoin is created and also check back how bitcoin the values is being given boundary adjustment for price. If you check all thiy history bitcoin you will know that Bitcoin just started and bitcoin values being coming down to 19000 thousands that does not mean that we are operating in same way.