Bitcoin is over. Time to face the truth.
I will agree as soon as price hits 275$ again.
Even if Bitcoin prices hit $275 again, it is NOT over... but it may cause a lot of loss of confidence... especially if it were to go into the $100s or even double digits....
Those kinds of numbers would really cause me to be suspicious about if there is some fractional reserve banking going on.
I assume a lot of people thought it can't fall below 300$.
When it did, some players stormed in to save the day. They even gave us a the false hope of a trend reversal to keep it from repeating too soon.
But I guess they keep limited amount of fiat on the exchanges and have their threshold what they are ready to absorb.
And I guess many people are keeping a much closer eye on the charts and they are still significantly more nervous about the downward price movements after that manbearwall incident.
So, practically everything is set up for an exponentially accelerating freefall.
Meanwhile, the long term trend is still negative (just take a look at the daily chart).
To sum it up, it's practically just a matter of time to reach 0.01$ unless something dramatically changes. And it can happen much faster than we would assume it's possible.
Of course, anything can happy anytime, the trend can revers and we can see a new ATH by the end of this month. But it's not granted. Nothing is.
Yeah you're right , at the end is only a manipulation from some early adopters/miners . Don't worry ....
Yea, fractional reserve, manipulation, agendas, conspiracy from banks...... keep dreaming and losing your shit when the bubble is bursting, I really wonder what will be your response at the bottom.




