Post
Topic
Board Bitcoin Discussion
Re: Is it Game Over for Bitcoin?
by
project_delta
on 28/11/2018, 10:20:36 UTC
Prices have been on a constant decline ever since this year began. There's been FUD all over the place, and governments have been cracking down on Bitcoin and other cryptocurrencies. In addition, there have been several hacks which have also contributed to the decline in the value of the whole cryptocurrency market. As such, many people have lost their faith in Bitcoin and cryptocurrencies in general, as they've lost a lot of money.

Despite this, it seems that most holders would not give up on Bitcoin no matter what. But, if Bitcoin keeps declining in value until it becomes worthless, then long-time holders (like me) would become disillusioned. For those who want to protect their investment, there's the option to sell Bitcoin into USD or exchange it towards a stablecoin like Tether. However, even Tether has lost its peg (although in some occasions it heads back to $1) sometime this year, which means that not even stablecoins can be trusted.

Nonetheless, what are your thoughts about this? Will it be Game Over for Bitcoin? Or will everything go back to normal soon? Huh
I guess history has repeated itself time n again!
If its destiny was to die, it would have done it a long time ago!
Also the big holders are still holding their coins so I guess till then it cant be game over!
Bitcoin represent cryptocurrencies, and there are huge businesses in this industry!
So such a speculation is just a myth