Quote from: Jemzx00 on August 24, 2022, 10:45:23 AM

If that happens, then I'll probably shift into some other crypto that has a better technology.

Although I don't believe Bitcoin could reach $1000, even if it reaches that level, do you think running to other coins is the best solution? What I know is that if Bitcoin could be battered that much, no other coins would survive it as well. They would at least be at their almost completely ruined levels too.

Quote from: Betwrong on August 24, 2022, 09:09:32 AM

And selling, selling is almost always wrong, even at the time of a new ATH.

Nothing is wrong with selling when that's the direction of the market. The way the buyers have rights is the way the sellers have rights, just that their timing is always different. We should speculate to know what we should choose, not thinking one is wrong and the other is the only right one.

Quote from: Flexystar on August 24, 2022, 03:31:35 AM

I would say what’s wrong with the investors ? Tongue

Though I highly doubt this will ever happen. The billion dollar market can not just disrupt itself. There are institutional investors, individual millionaires, million dollar worth mining farm network all over the globe! Believe me its whole ecosystem which is running 24*7 and 365 days.

If one element goes down from above list then another will always stood by bitcoin to support it.

Even though it goes down to such low level, we have no option to buy more and wait for recovery.

The whole ecosystem that is running 24x7 and 365 days will not save a collapsing market and mining will be the weakest saviour. This is not just the issue, haven't you heard or read about the best-performing stocks that collapsed or almost collapsed despite being well appreciated before? That is the market for you, what holds any market's future is the stakes of investors therein, if one thing or the other has caused panic and lack of investors' confidence, anything can happen afterwards.

Quote from: carlfebz2 on August 23, 2022, 09:54:50 PM

this is the end of bitcoin and there's something new that replaced it on the peak spot and im much sure that confidence of people would really be that greatly shifted into other coins
that had been making out some significant movement.

I like the investors' confidence part you mentioned, many people don't always want to think about that angle. It is part of Bitcoin, and if it fails, Bitcoin will be troubled. Nonetheless, I don't see a replacement yet. To me, if Bitcoin fails, everything coin would go down with it.