Quote from: nulltx on December 16, 2018, 05:51:37 AM

Bitcoins tumbled to a 15-month low. Ethereum is circling the drain. Despite announcements of a Swiss ETP, more regulated bitcoin futures in Q1, a German stock exchange launching a crypto platform, and institutional investors getting in, the market keeps on hemorrhaging. Is it time to jump ship? Cut your losses and get out while theres something to get out with? Is this the end of crypto?

The short answer to that would be, no one knows. Its possible, of course. Apart from miniature countries floating in the Mediterranean with reputations for accepting money from questionable sources, regulators havent been welcoming.

Read More: https://nulltx.com/is-this-the-end-of-crypto/

I simply don't understand why people would want to cut loss right now.

Prices are so low, that even if you cut your losses and exit your positions, you wouldn't be getting much back. If you made the mistake of investing at the height of the bubble, there is really nothing you can do other than being patient and holding for the long term.

But it's an obvious exaggeration to say that bitcoin is dead. Its fundamentals has not changed, and we've probably heard that claim a thousand times by now. People confuse price with bitcoin's utility, adoption, and acceptance. Bitcoin's adopter base is not decreasing by any means, nor is its transaction processing capability faltering.

In any circumstance, bitcoin's decentralisation means that even if there is just 1 person using the network, it is not "dead". Thus, it's absurd to say that bitcoin isn't useful anymore simply due to one bear market. It makes zero sense.