Quote from: Impulseboy on November 27, 2018, 05:01:58 PM

Quote from: btc_angela on November 26, 2018, 09:48:12 PM

Quote from: iTradeBit on November 26, 2018, 04:16:46 PM

Friends, I read a bunch of predictions on the market, haters rubbing their hands say that this is the end of Bitcoin and crypto.
More positive people say: use and buy, decline is the best time to buy Bitcoin, as soon as it nevertheless reaches the bottom, it will grow even stronger, some like McAfee say calm down and just relax, and Ilon is going to Mars.
But if you look at the situation as seriously as possible, then how bad is it? What will save the cryptocurrency market? What do you think?

Of course the situation is really bad, we are down what? 70%-80% from previous all-time-high? What will save the market? I guess nothing? This market is on a cycle, we might be at the late bear cycle, meaning is sellers or the bears are exhaustive then sooner or later the market will pump again to start a new cycle.

Bitcoin price dropped 80% before, do you think that it will survive if it continues to drop? I do have faith that time will come again that bitcoin price will come back up, and even double, but the question is when and how it will happen? It seems that market down is not enough for people to start using bitcoin. Is it possible this is the furthest bitcoin can go?

As you have said, if will survived in the long run. Its hard so see if this is the lowest can we can go because a lot has been saying that bitcoin can go lower than $3K, but we haven't seen that happening as it looks like there are people buying at the $3K range. As per using bitcoin, personally, I have used some and then stash more. Simply as that. So patience is the key here, again, I believed that the bears is exhausted at this point and there will come a time that bull will take over once again, just a matter of time.