Topic: Are we gradually approaching towards the end of Bitcoin? - page 5. (Read 1570 times)

Some are just trolls who are trying to freak out those new people who had just recently just into this market and some are to those people who are just new and easily believed that this is already
the demise of bitcoin or end of it with just seeing these declining prices without even trying to realize on whats happening on the market as of this moment which is something that
is really a normal one where price could dump and price could increase and this is where volatility do really make significant effects whether you do profit or you do lose money.
We arent going to end as long the support is there and considering on top 1 then its almost close to impossible.

There aren't signals we are gradually approaching to the end of bitcoin. We are just living a bearish market and that is all. Bitcoin is still being used, adopted and endorsed by lots of investors and businesses. Some people are buying their first coins, while others are growing their holdings and others are launching their crypto related businesses. The market has slowed down, but hasn't stopped.
I believe if bitcoin was going to die, adoption and price would be in much lower levels. Moreover the number of crypto companies going bankrupt would also be higher, instead of some isolated cases we are seeing for real.

Anyone who thinks that bitcoin will eventually "end" could sell their coins and leave, there is no power in the world that could stop you from selling your coins and getting out. I personally believe that the best thing we could do is collect all the coins these people sell, and people like me who are maximalist of crypto would be able to just hope for the best and make a ton of return.

That way, we would be making a profit and be happy, but people who end up thinking it would go down and be bad, could end up not making any profit and be sad to watch bitcoin go up. That’s all I think will happen, it is going to be high, and people who got out would be unhappy about it.

I will suggest that you read the posts in the forum which were made after a significant drop in the market on the previous years and you will see the same thing repeated over and over again, people have been claiming that bitcoin is dead since it was created and yet it is still here with a massive market cap and tens of millions of users worldwide, bitcoin is not dying, this is just the natural result of the bull market and nothing more, was the decrease a little bit larger than expected? Yes, but there have been bigger crashes in the past and bitcoin will eventually recover from this as it did before.

We don't know what is the ongoing market trend. Whether it is bearish/bullish or correction, we can't get into a conclusion. Whenever there happens a decline in the market price automatically there arises statements of bitcoin towards the end. So, this isn't something a big thing to me. The market is upon trust, because in its early days if those early adopters haven't believed now bitcoin could've never been this high. We trust and it'll make us experience the growth.

Quite funny that some people still think that bitcoin will go extinct, it is never and can never be possible for bitcoin to go to zero, those who have been trading bitcoin when it was at two digit figure witness a crash that is more dreadful than this, for bitcoin to survive such crash, definitely it will survive this also, just that no one knows when exactly the dump will end for the next bull run to take place, there is nothing like the end of bitcoin, you can only watch out for the end of bear market and beginning of bull market, and this is how it's gonna be rotating till eternity

we will hear this as long as btc is alive in the market. people are free to speculate and say what they feel in this market. so it is no surprise if btc has been dead countless times throughout this period. but if you think you can take advantage of the current price, why not collect as much as you can. but as a holder, you should know when to sell off so you won't be losing when the time comes.

The fact that one or two companies went bankrupt after getting involved in the crypto world will prove nothing about the OP's concerns about the future of bitcoin. It is a natural thing to happen to any business regardless of whether it is related to crypto currency or banking, real estate, and etc.

OP just needs to understand that this market is highly volatile and can make it profitable and losing over a period of time. Actually he knew that this bitcoin investment would have a lot of potential, but he was too worried about the possibility of a worse price drop in the future that he just thought that the stage of collapse was imminent.

Remeber for this one:

"It's the end of Bitcoin" things like this are always said when bitcoin is experiencing a correction even this word always rings when a decline occurs because the fact is not only now they say this but every decline and other facts also bitcoin is still not over until now
But indeed this is actually quite natural maybe some of them care too much to the point that they worry about bitcoin holders so saying things like this again and again lol. Don't care too much about this kind of thing friends because hating people who say things like this is a waste of your time. Bitcoin is still Bitcoin it doesn't really matter what people say what's important when we believe then just keep it that way.

I hate it when people say "It's the end of Bitcoin" when market prices are falling down the drain. Was Bitcoin created as an investment tool or as an alternative to the current financial system backed by central banks and governments worldwide? I'd say Bitcoin is more than just a currency. It's a revolution that will change our world for the better.

Why would I care about BTC's price relative to Fiat if the latter is bound to collapse soon? Fiat currencies (USD, EUR, etc) will see their demise once hyperinflation starts rolling in. Once that happens, people will be in search of sound money that cannot be censored or manipulated at will. Bitcoin is the answer to all of our problems, so I'd suggest you hold onto it no matter what. Who knows if Bitcoin becomes the standard unit of account in the future? Just my opinion

Some people will be very worried about the future of bitcoin especially since they might be new here. They should learn from past experiences where bitcoin has also collapsed due to panic and massive selling from traders and investors. But in fact, during 2021 bitcoin price hit ATH again where $69K is the current high.

Volatility of the market are commonplace with bitcoin because actually these coins are traded freely without anyone's control. This means the price will continue to fluctuate following the current trend, but in the end we find out that it will just form a new pattern for the price and that's how it goes. The best advice to the OP is, don't think of this as the end of bitcoin as the first point is that volatility is normal. Buy and wait, you will feel the benefits in the future.

This is the best time to get it right in the community, by buy as much of Bitcoin you want in this season and hold because the market price is about to switch into bull market were people we start making income from their investment. What is happening right now in the market is not the end of Bitcoin than to allow many people to embrace this opportunity to be part of those that will achieve a good profits from the market in future. I think, the price of bitcoins will move to $40k before the end of this month.

If this would be the end this would be the weirdest trend ever.

Record breaking growth for more than a decade but without a fundamental reason it would be over 

Bitcoin is far from nearing the perceived end. We're in the growing phase of bitcoin, more adoption will come from high value investors after government regulations and all. Boom! From there we might see sustainable reversal in the upside direction and all insinuations or prediction that bitcoin is nearing its end will be gone.

Some institutional players might pull their money out of the crypto industry, out of Bitcoin. In some countries, strict regulations may appear regarding certain activities like mining. But that doesn't mean Bitcoin is moving toward any sort of end. It's still growing if you zoom out and look at other bear market situations of the past. It's facing a temporary situation, which I have very little doubt will actually prevent Bitcoin from growing again. So there's no need to panic or be concerned, or rely on opinions of some hedge funds.

Aside inflation and the hiking of interest rates by Fed to run off their blansheet, The Crypto lending platform like the Celsius, Three Arrow capital etc seems to be one of the problems why Bitcoin and cryptos is crashing as a result of yield farming with Bitcoin and cryptos.
Why do I said so,

For instance
When people lend out your BTC to this lending platform such as Celsius at $30k in order to earn some interest , They may loan out the BTC to the Banks and use it as a collateral to pay you interest. Then what happens in a situation, when btc price start dropping massively as it did drop to $20k and bank will realize and say hey! guys, the value of BTC in collateral no longer match with what we're giving out to you, then Celsius may have to sell the BTC at $20k in order to cover loses, and this I think helped in crashing the price of Bitcoin and crypto and why Celsius and Three Arrow capital is going bankrupt, which if nothing is done more lending platform will go out of business because they don't have more customer inflow willing to lend out their Bitcoins to earn yields because of the current drop in the price of Bitcoin.

Therefore, if you're to invest with this lending platforms and you don't know where the yields is coming from, Think about it, you're are the yield.

This is not the first time to happen in the market that bitcoin was doomed and has dropped so much to the extent of reaching $3k, did it end there? No, because it’s only part of having a downward trend every time the bear season hits the market. And eventually, it also recovers in time. So same what’s happening today, bitcoin will continue to drop and ends up in its bottom, sadly none of us knows as to what bottom price will bitcoin settle.

I remember seeing such posts back in 2018 when the price of bitcoin reached to 3k level after seeing a ATH of 22k. People were in real shock. Many people I knew, had purchased bitcoin using their credit card so they were in huge debt. They all had to work extra hours so that they survive with the credit card interest. There was a total mess! then if I look back beginning of 2022, bitcoin reached 69k. This is a game of bull and bear cycle. Bitcoin has shown this very prominently. So if people have forgotten this, they can sell off and leave the market. It is not a game of faint hearted people anyway.  

Some businesses has certainly taken a direct hit whose main source of revenue was cryptocurrency. But nothing lasts forever!

Of course, you don't have to believe that this is the end of the crypto world in general. The price decline is reasonable like the big increase that occurred last year. Currently bitcoin price is down 72% from ATH but of course this is not the worst condition ever. I think people will still be very worried about a dump where 85% was a big down cycle in the past. But still I wouldn't think this is the end of crypto even though some people have lost money at this point.

Rest assured, the price of bitcoin doesn't always go one way and we know that it has to be both. If today you see a decline, then perhaps you will see an increase tomorrow. That's how the market works, but I'm not ignoring the downside of the bitcoin price crash during this period.

The reason they'll never do better than Bitcoin (for now and for the foreseeable future) is pretty straightforward. It's that they're actually not at all better than Bitcoin.

They're all technically modern, sure. Superior in transactional capacity, sure. But at the sacrifice of almost everything else that makes Bitcoin valuable (and therefore, shitcoins non-valuable)... security, decentralisation, cesorship-resistant, etc.