LOL... if you have been in crypto for more than 3 years, you learn to laugh at these things, and I will tell you why...
Ok, so, most of us have watched Bitcoin hover around $4,000, it had a high of $4800 on Sep 1/2017...
We all saw it, and then:
Everyone said: BITCOIN TO THE MOON. IT WILL HIT $5,000 -- IT IS GOING TO HAPPEN!
- What happened? Bitcoin is only worth $3700 from a high of $4800
OMG... Bitcoin dropped $1100 from its all time high. That's it. Sell everything. Learn to forget what Bitcoin is... Run for the hills... let's run and hide fast. This whole cryptocurrency is dying now.
Q: Why do you think Bitcoin is dying?
A: The trading price says it is!
Q: Why else do you think Bitcoin is dying?
A: Cuz China said so. They made new regulations about ICOs and crypto. Don't you read the news?
Q: Why else do you think Bitcoin is dying?
A: Because look! Lot of people sold it, and I'm going to sell it too
Q: Why else do you think Bitcoin is dying?
A: Why do you keep asking these silly questions? Bitcoin fell $1,000 - the charts are red. The media is saying it should be red. China is stopping all transactions. Bitcoin is dead.
Q: Why else do you think Bitcoin is dying?
A: OK, OMG, @intelliguy, you're becoming a real jerk. You keep asking the same question. I just gave you like 5 reasons why everyone is panic selling including me... Why do you keep asking these same questions??
Q: Do you really want to wake up from your nightmare and thing logically for a second?
A: Ok, at least that is a different question. Yes, sure, tell me why Bitcoin falling in price by $1,000 from an all-time high is something I shouldn't panic sell and be worried about.
....here it is...
A: It is Sep 23, 2017, Bitcoin is worth $3701.98
- Ok, yes, I already know that.
QUESTION FOR YOU.....
Q: What was Bitcoin worth Sep 23, 2016?
A: I don't know
Bitcoin was worth $596.96 USD
Do you see how silly you sound worrying that Bitcoin dropped $1,000 when only a year ago, it was only worth LESS THAN $600 per BTC (Same month, same date) and today it is above $3,000 USD ??
- Sep 2016 Bitcoin: $596 USD
- Sep 2017 Bitcoin: $3700 USD
Please remind me why anyone is panic selling cryptocoins again, please?
I'm on day 30/30 of my positivity challenge.
I did it. I spent the last 30 days writing positive posts! I'm done now. I can now write negative feelings, negative issues, complain a lot, and rant...
Except for one thing... I found through the positivity challenge, I learned something. There's always a good spin in all issues in life. Focus on the good, not just the negative. It will take you further. Thanks goes to @markrmorrisjr for the inspiration to do an entire 30 days and focus on positive things. :)
You like? Should we get the message out? Upvote 100%, resteem, tweet it, do what you can.
- Let's not hide the truth any further. This bitcoin price war, right now, isn't panic sell time, it's buy time. Imagine what Sep 2018 will bring...
If wasn't for China, by now bitcoin had hit the 7500$. Let's wait until the end of October and will see the price rise again very fast.
You are amazing
I have been telling people the same thing
Bitcoin was very well under $1000 in 2016
And it reached $5000 that is amazing honestly
$3700 is still very amazing
Thanks for posting
Keep it up
Resteemed
Bitcoin has died 168 times so far:
https://99bitcoins.com/bitcoinobituaries/
Good link, it gets old fast doesn't it? The demise of Bitcoin and the demise of blockchains. yet they still continue going on...
I disagreed with you because this drop in price Bitcoin
This always happens not the first time. And its price is linked to investments and trades.
Ok, sure. Less than $600 bitcoin 2016, growing to $3700 Bitcoin 2017 .. you don't see that being good.
Who do you work for?
@intelliguy Hahaha :) BUY BUY BUY!!! Loving this sale, it is awesome. can't wait for some even better sale prices in november :-) Yoohohoo.
You got my vote and a resteem :)
Hi @intelliguy, very good arguments,its not the worst time to panic, but to chair but what about China effect, thanks for sharing positive thoughts, please friend come to me too I had already followed you and now upvotes your post. Happy steeming friend.
Bitcoin will always go up, and it will always go down. No matter what we'll see a new ATH during 2018. Hold your bags, and raise your dongers.
I Don't think so bitcoin is dying It is on the way to hit $5000+ Hope for the best :)
I completely agree with the article, this price drop is because BTCC (bitcoin china) a popular exchange is shutting down on 30th september and once that is done with currencies will start recovering again. People are getting out of BTCC right now and thats the reason prices have dropped in the last couple of weeks. As BIll Gates said, Bitcoin is unstoppable and its not going anywhere, these price drops have occurred more than a 100 times in the past and they are known as "Dump periods", this is the perfect time to buy some more bitcoin/alt coins and there's nothing to be concerned about
Bitcoins has no future , it should be fully regulated
Crypto will regulate the "full regulators" instead.
that is not good btw .i have bitcoin.
Bitcoin is the best coins.
What you are basing on?
Basic information Bitcoin .
nice one
One and only option is good to save dying bitcoin is, as you said
:)
Thanks
It's really interesting A your Qs
well nice post
You could compare November 2013 (1100$) to november 2014 (370$) and it will look completely different. You could compare November 2014 (350$) to November 2015 (~350$) and conclusion would be different.
Predicting price is speculation.
There are two types of sales. 1. Selling the portfolio for fiat and never investing in crypto again. 2. Selling as a day trader.
I have sold half of my small investment portfolio on a way down and it dropped even further. I am doing some day trading and selling some of it gave me the liquidity which earns me again of daily fluctuations and price differences again keeping me in an earning loop.
I am sure that the big part of these sales is happening for the second reason as it allows to earn more than passively waiting for the price to climb back up to the point where i bought it when it was nearly all time high. And when it hits 5000 again i will end up making more than just waiting for the price to restore.
But everybody has their own reasons i suppose.
No worries about btc. Hodling and buying more. Hoping for a dip down to 2800
@intelliguy Hahaha :) BUY BUY BUY!!! Loving this sale, it is awesome. can't wait for some even better sale prices in november :-) Yoohohoo.
The only people who will make a lot of money is all these exchanges
Great post. But I do not completely agree with you. Comparing the price 2017 from 2016 isn't good. Do you remember the price in 2013 is much higher than 2014 and 2015. That will possibly going happen this year.
If people cant handle the 50% drops, they are not worth the triple digits gains...
Interesting article! Bitcoin has come a long way since it's infancy!
But I am still 🐻 on bitcoin for q4/2017 read my latest post to see why ;)
I think this is the consolidation period before we see another leg up, breaking the current all time high =)
Can we please get on with life and stop obsessing over whether or not bitcoin is going to die? It's not. It is here to stay. Don't run. Stay for the long haul and you will see...
Price just says what the price is, it's not a prediction. Could go up, could go down.