Are we gradually approaching towards the end of Bitcoin? - page 3.

Natalim

hero member

Activity: 2898

Merit: 590

BTC to the MOON in 2019

Quote from: hZti on July 15, 2022, 04:36:21 AM

Quote from: GeraldTucker on July 15, 2022, 12:07:05 AM

Bitcoin has the largest market cap and is the most adopted crypto. There are many other weak cryptos that might end but not Bitcoin.

It is not only about the market cap, but about the brand bitcoin. If people talk in TV about crypto they will for sure mention bitcoin but only in some cases mention another currency. For a lot of people crypto = bitcoin and this will stay like this probably forever. The only time people speak about other coins is when there is a shitcoin having a huge pump, but that is mostly forgotten after a few weeks.

Bitcoin is exemptional, can't be compared with these shitcoins. It has been widely talked and it grow fast because of its market potential. The market cap and the influence of these whales making Bitcoin become known globally were rich people, huge investors, and as well as poor people got involved. And to think about the end of Bitcoin is too far away unlike these worthless altcoins.

It may lose its value but that doesn't mean it was a sign of its end.

Jo_Liu

newbie

Activity: 18

Merit: 0

I gonna go with NO. The Bitcoin ecosystem is still developing, making it possible if not likely that Bitcoin itself will continue to evolve over the coming decades. But I think your worry is defenitely not out of nowhere. Because however Bitcoin evolves, no new bitcoins will be released after the 21-million coin limit is reached. So if you mean an end in this way, it do make sense :)However, it is not yet, I think.It is not approaching its end.
https://xtrading.com/financial-questions/is-bitcoin-dead/

hZti

hero member

Activity: 952

Merit: 642

Magic

Quote from: GeraldTucker on July 15, 2022, 12:07:05 AM

Bitcoin has the largest market cap and is the most adopted crypto. There are many other weak cryptos that might end but not Bitcoin.

It is not only about the market cap, but about the brand bitcoin. If people talk in TV about crypto they will for sure mention bitcoin but only in some cases mention another currency. For a lot of people crypto = bitcoin and this will stay like this probably forever. The only time people speak about other coins is when there is a shitcoin having a huge pump, but that is mostly forgotten after a few weeks.

Cryptmuster

legendary

Activity: 1904

Merit: 1176

Glory To Ukraine! Glory to the heroes!

Quote from: GigaBit on July 07, 2022, 10:31:59 PM

This kind of news comes only when the market goes into recession. Bitcoin is not really controlled by one or two organizations or projects. Celsius could freeze everything or ruin its position in the market. But Bitcoin will run at its own pace. Actually Blue Whale and Institutional investors are waiting for the position of reduction or dip where some are worried about about reducing the price. Finally, I will say one thing, where your end, some one will start. Once the bearish market is crossed, the situation of Bitcoin will be more dynamic than before.

During the accumulation period, the main task is to buy as much as possible at the lowest price. Since the bear market does not last for a relatively long time, I assume that the set of positions will continue for a long time and perhaps the price of bitcoin will still fall lower, I don’t know how significantly, but this should be expected since more and more people will eventually lose faith and leave the cryptocurrency market. And after everyone has gained their positions, the market will begin to grow again, there will be large volumes and great interest in the growing market, as it has always been.

GeraldTucker

newbie

Activity: 15

Merit: 0

Bitcoin has the largest market cap and is the most adopted crypto. There are many other weak cryptos that might end but not Bitcoin.

Fireebrand

newbie

Activity: 21

Merit: 1

It’s natural for newbies to be afraid because they have never seen anything like this before. But if we talk about the whales, they know that the bitcoin will bounce back and to a greater price. This is a reason why there are bitcoin purchases still going on.

libert19

hero member

Activity: 2464

Merit: 934

I have something to cliché to say, whatever is bound by time must die (sooner or later). Anyhow, these threads are seen in every market cycle, Bitcoin and crypto will do fine until proper replacement arrives.

Abiky

legendary

Activity: 3192

Merit: 1362

www.Crypto.Games: Multiple coins, multiple games

Quote from: vennali on July 07, 2022, 02:54:36 AM

The end of Bitcoin had been predicted by many "experts" ever since Bitcoin came to its existence. BTC does have its own flaws which are being looked at as time goes by but I don't see technological advancements fast enough in the next 2-5 years that would phase out Bitcoin.

That's certainly true, mate. Bitcoin will only die if a new technology proves to be superior in the future. If something better than Blockchain comes up, then it will be the end of Bitcoin as we know it. But given that Bitcoin is open source, it's likely the community will alter its code to adapt the cryptocurrency to the new technology. If that happens, then Bitcoin would be truly "immortal". The reason why so many people are saying Bitcoin is dead it's because of the low market prices. But deep inside, Bitcoin is alive as ever.

The blockchain is still running with thousands of miners and nodes maintaining it. This tells us Bitcoin is not dead yet. Development is still happening behind the scenes, so there's that. No matter how many bear markets Bitcoin goes through it will always emerge victorious because of its decentralized and censorship-resistant design. It wouldn't had been like that if BTC were centralized. We should stop focusing on BTC's price in Fiat terms and start using it as a currency. Not only you'd be contributing to the crypto economy, but you will also be making Bitcoin stronger than ever. Who knows if Bitcoin's constant success will lead Fiat towards its demise within the not-so-distant future? Just my opinion

landheer

member

Activity: 467

Merit: 61

the answer? NO!
In my view, bitcoin will be of higher quality, maybe there is a decline in the current time but that doesn't mean it will end. seen from any perspective, bitcoin enthusiasts are now increasing and have a high chance and are very suitable for investing with bitcoin because the limited supply makes everyone want to invest in bitcoin and in my opinion even though there is a price drop? it doesn't mean it will sink and die. precisely when the price drops, the price will jump further up, because people who are interested in bitcoin will definitely wait for the price to go down and buy it... and there are a lot of enthusiasts

Afterclap

newbie

Activity: 18

Merit: 0

I think it’s too early to say anything about bitcoin at the moment. I agree that it is showing a huge crash at the moment but I am sure that it will bounce back and help us maximise our profits.

Rufsilf

sr. member

Activity: 1722

Merit: 309

Leading Crypto Sports Betting & Casino Platform

Quote from: GigaBit on July 07, 2022, 10:31:59 PM

Quote from: StanCrypt on June 29, 2022, 03:24:41 PM

snipped...

This kind of news comes only when the market goes into recession. Bitcoin is not really controlled by one or two organizations or projects. Celsius could freeze everything or ruin its position in the market. But Bitcoin will run at its own pace. Actually Blue Whale and Institutional investors are waiting for the position of reduction or dip where some are worried about about reducing the price. Finally, I will say one thing, where your end, some one will start. Once the bearish market is crossed, the situation of Bitcoin will be more dynamic than before.

Actually, no one controls Bitcoin, only just to happen than some big institutions wanted to do so and try to manipulate the market by simply creating FUDS and spreading fake news to give worry. Weak hands could be their target, that actually they win from them but this never happens to those who are holding strong and have faith.

We've come to this moment not by seeing it was an end but have considered this as a great buying opportunity that most are waiting for.

GigaBit

hero member

Activity: 1526

Merit: 506

Leading Crypto Sports Betting & Casino Platform

Quote from: StanCrypt on June 29, 2022, 03:24:41 PM

The precarious cryptocurrency market has been made worse by cryptocurrency lender Celsius' June declaration that it is banning withdrawals owing to "extreme market conditions." Following the market meltdown, crypto hedge fund Three Arrows Capital might possibly be insolvent. Three Arrows Capital has entered liquidation, worsening the crisis gripping the whole world's market for digital assets. Three Arrows was is also considering alternatives including the sale of assets or a firm's rescue.
https://news.sky.com/story/crypto-hedge-fund-three-arrows-capital-plunges-into-liquidation-12642402

With the continuous downslide of the Bitcoin and the crypto market at large, is it too soon to say that we might likely be witnessing the end of it all?

This kind of news comes only when the market goes into recession. Bitcoin is not really controlled by one or two organizations or projects. Celsius could freeze everything or ruin its position in the market. But Bitcoin will run at its own pace. Actually Blue Whale and Institutional investors are waiting for the position of reduction or dip where some are worried about about reducing the price. Finally, I will say one thing, where your end, some one will start. Once the bearish market is crossed, the situation of Bitcoin will be more dynamic than before.

KingsDen

legendary

Activity: 1092

Merit: 1024

Hello Leo! You can still win.

Yes, bitcoin is gradually approaching the end. It is very clear to everyone.
But there is one important to note about Bitcoin, it has ended so many times and re-started again.

Bitcoin always approach to end in every bear market. Infact, bitcoin is dead. We are patiently waiting for another bull so that it will resurrect Grin

Then, people that refused to buy now, will buy later $50k, and bitcoin will die again in their hands. They will panic and sell off the dead bitcoin, then another bull will come and bitcoin resurrect.

The cycle will continue and there will never be time that everyone will learn their lessons and trust the process during bear.

Anonylz

hero member

Activity: 2562

Merit: 577

It is very clear our dear op is new in the game, he must not be used to seeing the market dropping this much and at the same time having to read those bad news.
@op don't panic about btc price and get yourself worked up over some news, one thing has nothing to do with the other, it so happens those companies decide to go under the same time the bear market is happening. Btc after every bear market always comes out strong, you can refer to past history for your piece of mind.

Silberman

legendary

Activity: 2492

Merit: 1332

Quote from: Don Pedro Dinero on July 07, 2022, 02:26:30 AM

Quote from: BobK71 on July 07, 2022, 02:08:39 AM

These kinds of questions come up whenever the bear market starts.<...>. After all it is clear that the market will take little longer time to recover.

With the number of times bitcoin has been presumed dead, I'm not worried. Bitcoin today, with the level of adoption it has, it can't disappear. What I do think is that, as you point out, it seems that this bear market is going to be worse than the previous ones. At the moment we are already moving around 20,000 USD and below for a while, and I do not rule out that we are going to try new lows.

But, the end? No way.

No one that has been here for a long time and that understands bitcoin will ever think that it will die all of a sudden just because a bunch of so called experts do not miss a chance to spread their lies, with all the surveillance systems established by governments and private companies we are probably the generation of humans with the least amount of privacy to ever live, and bitcoin gives us some of that privacy which has been lost, how can something that gives us that which we lack suddenly lose all of its value? It simply does not makes sense, which is why we treat those claims as nonsensical.

vennali

legendary

Activity: 2338

Merit: 1081

#SWGT CERTIK Audited

The end of Bitcoin had been predicted by many "experts" ever since Bitcoin came to its existence. BTC does have its own flaws which are being looked at as time goes by but I don't see technological advancements fast enough in the next 2-5 years that would phase out Bitcoin.

Thara20

newbie

Activity: 20

Merit: 0

Not in the least. Periods of setback and loss are natural in any field. Bitcoin is yet to unleash its full potential and has stood as the face of cryptocurrency for many years. It won't be waning anytime soon.

I found this article to be a good take on this - https://medium.com/chickeychik/future-of-cryptocurrency-998d0b3aced6

Do give it a read.

Stacaato

newbie

Activity: 17

Merit: 0

It’s definitely not the end, just like how the market behaves, you can’t base every rumour the media spreads and believe it. BTC won’t end but it may take a backseat if something else comes up. That is the circle of life.

Don Pedro Dinero

legendary

Activity: 1288

Merit: 1491

The first decentralized crypto betting platform

Quote from: BobK71 on July 07, 2022, 02:08:39 AM

These kinds of questions come up whenever the bear market starts.<...>. After all it is clear that the market will take little longer time to recover.

With the number of times bitcoin has been presumed dead, I'm not worried. Bitcoin today, with the level of adoption it has, it can't disappear. What I do think is that, as you point out, it seems that this bear market is going to be worse than the previous ones. At the moment we are already moving around 20,000 USD and below for a while, and I do not rule out that we are going to try new lows.

But, the end? No way.

BobK71

hero member

Activity: 2128

Merit: 655

Leading Crypto Sports Betting & Casino Platform

Quote from: StanCrypt on June 29, 2022, 03:24:41 PM

The precarious cryptocurrency market has been made worse by cryptocurrency lender Celsius' June declaration that it is banning withdrawals owing to "extreme market conditions." Following the market meltdown, crypto hedge fund Three Arrows Capital might possibly be insolvent. Three Arrows Capital has entered liquidation, worsening the crisis gripping the whole world's market for digital assets. Three Arrows was is also considering alternatives including the sale of assets or a firm's rescue.
https://news.sky.com/story/crypto-hedge-fund-three-arrows-capital-plunges-into-liquidation-12642402

These kinds of questions come up whenever the bear market starts. if it continuously reducing the price drastically, then everyone raise the similar thought. The current market is being affected by a hype. That is the time of fall. No matter which way the crypto market goes, one of the things that investors are talking about is the collapse. Today we may not see the current situation of the market if Luna or Celsius not spreading the negativity. Most of the investors allegation that they are the victims of the market's predicament by the negative impact of Luna and Celsius. After all it is clear that the market will take little longer time to recover.

Topic: Are we gradually approaching towards the end of Bitcoin? - page 3. (Read 1570 times)