Quote from: Ferki on August 12, 2018, 07:17:00 PM

Quote from: freightjoe on August 09, 2018, 10:38:00 AM

Quote from: Vineeta2oct on August 09, 2018, 10:31:30 AM

Quote from: freightjoe on August 09, 2018, 10:26:57 AM

Peak - 16 Dec: 20.000$

Dip - 30 Dec: 12.600$

Peak - 6 Jan: 17.100$

Dip - 5 Feb: 6.900$

Peak - 4 Mar: 11.500$

Dip - 7 Apr: 6.600$

Peak - 5 May: 9.800$

Dip - 28 Jun: 5.800$

Peak - 24 Jul: 8.400$

Now we are at 6.200 going down to the next even deeper dip

This is the long and slow death of Bitcoin as there are not really anyone new who wants to use it (let's face it, there is no use at all, only "investment"), and as current Bitcoin-believers are slowly becoming fewer and fewer, the price will continue this long slow death-spiral

Maybe you're right but what if Bitcoin ETF gets approved? There will be new money in the market, demand of Bitcoin will increase and so will the price.

No. Everyone who ever wanted to own Bitcoin basically jumped in when we saw the ATH of 20.000$ thinking they could get rich quick. There are no new possible investors out there. And as more and more Bitcoin owners begin to realize that we will never get back to the bubble-high of 20.000$ they are slowly leaving. Bitcoin-believers then "buy the dip" as these people slowly exit, causing the price to go up - but these peaks are getting lower and lower because there are fewer and fewer people involved.

I don´t think so.There wasn´t even 1 % of people invested in cryptocurrency.if there will be 10% of them in 2 years i think the price will automaticly go up.In 5 years there will be even more.Blockchain is just at the beginning of his journey

I agree with this. The statement that "everyone who ever wanted to own Bitcoin basically jumped in" is ridiculous. The last bubble peaked interest and created awareness in many folks who still have no clue how to obtain Bitcoin. We also encountered some serious technical issues with the high fees, Bitcoin vs. Bcash and disputes inside the Core dev team. Things are operating much more smoothly from an ease-of-use perspective and IMHO those who were interested but didn't buy will be part of the next surge.