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Topic: Are we gradually approaching towards the end of Bitcoin? - page 6. (Read 1613 times)

legendary
Activity: 1932
Merit: 4602
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When market participants have a negative opinion in the first place, then it's time to buy. Bitcoin is a good indicator of the stock market, first the price of bitcoin falls, then the stock market falls. European and American regulators have no complaints about bitcoin, which means that the coin will have a future.
full member
Activity: 686
Merit: 107
Saying that something else will take place of bitcoin is like saying some other fiat will take place of dollar. Even then lets take this argument as true, What will happen. With the current holdings and the value  of bitcoin it will take a tleast 5 years to any altcoin to generate the market value and customer base as bitcoin has.
Moreover any alternate currency too will need to provide a very strong safe and meaningful system for  safe transactions.
If you see most of institutional investors are still choosing bitcoin as their first choice, because the market trust that bitcoin carry is still far more than any other alt coins and bitcoin will stay on top for a long time
this is bitcoin which is different from altcoins and will run as a track recorder and transparent transaction example without intuition that provides rules or promises interest rates as a deterrent to inflation and altcoins come as a complement to the technological demands and transactions of bitcoin, is needed by society today even though on the way altcoins as newcomers are often ridden by scam projects and cannot develop so they are dead and worthless
jr. member
Activity: 182
Merit: 5
Also what would the end  Smiley  A price drop is not an end. Even if we would go to 1k$ Probably too much sideliners waiting to prevent that from happening (without fundamental issues)

An end would be a 51% attack or some brute force hack on private keys. Seems both rather impossible at this time.
hero member
Activity: 1344
Merit: 565
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?
For some of us here still even helping to push this type of news that "Bitcoin is coming to an end or is this, the end of Bitcoin" is also part of the problem. I don't even think this should be a discussion until I see that it actually happens. Some institutions that started way down the years after Bitcoin has already given like 3-10 years into the system are the ones to now be used as a yardstick if Bitcoin will survive?
Celsius was Founded in 2018
3AC was founded in 2012
Bitcoin has always seen negative news over the years and this time is no different, I don't believe that it is the end for Bitcoin but rather a repositioning of the market.
full member
Activity: 269
Merit: 101
Tough time calls for tough decisions buddy. Never ever think that Bitcoin is coming to an end because it's nature and market penetration will never make it end. Simply give it time to recover from the unwanted sells.
jr. member
Activity: 182
Merit: 5
Probably 99% are technically better than Bitcoin but they are simply not Bitcoin  Smiley

Cannot imagine any other Crypto taking over top spot. I’m sure there is some unwritten law preventing this like for example Fermi Paradox 😊
legendary
Activity: 1904
Merit: 1159
Saying that something else will take place of bitcoin is like saying some other fiat will take place of dollar. Even then lets take this argument as true, What will happen. With the current holdings and the value  of bitcoin it will take a tleast 5 years to any altcoin to generate the market value and customer base as bitcoin has.
Moreover any alternate currency too will need to provide a very strong safe and meaningful system for  safe transactions.
If you see most of institutional investors are still choosing bitcoin as their first choice, because the market trust that bitcoin carry is still far more than any other alt coins and bitcoin will stay on top for a long time
hero member
Activity: 1498
Merit: 547
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That's right, it's ending for scam projects that promise big, hyped out projects without any plausible application, as well as trash altcoins and shitcoins. As for bitcoin, it's been dead since 2009. I don't know exactly how many times people have mentioned it has died, and now bitcoin is trading at 20k and and once again the bitcoin haters will be lamenting an end to bitcoin. You will hear the same thing until bitcoin is traded for 200k or more, more... and they won't stop whining to you about bitcoin dying.
Crypto projects that doesn't have any useful usecase will surely cease to exist anytime also as we can see during this bear market, various shitcoins and altcoin have died. This is also one of the good thing that always happen during a crypto bear market. Bitcoin will always die, burst out like a bubble, be banned, and will never be considered as currency just as people say.
legendary
Activity: 1372
Merit: 2017
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?

With so many threads like this one, which come to announce the end of the world more or less, what we are approaching is a good time to buy. When people keep talking about apocalyptic scenarios in bear markets we are close to the bottom. If you really think it's going to disappear, don't buy, or better yet, bet short against Bitcoin.
legendary
Activity: 2478
Merit: 1020
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That's right, it's ending for scam projects that promise big, hyped out projects without any plausible application, as well as trash altcoins and shitcoins. As for bitcoin, it's been dead since 2009. I don't know exactly how many times people have mentioned it has died, and now bitcoin is trading at 20k and and once again the bitcoin haters will be lamenting an end to bitcoin. You will hear the same thing until bitcoin is traded for 200k or more, more... and they won't stop whining to you about bitcoin dying.
legendary
Activity: 2576
Merit: 2880
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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?
Since bitcoin was born the crypto market became bigger and bigger every year, I don't understand how (or why) you're saying that it's coming to an end. it didn't die when nobody knew what bitcoin was, it didn't die after MtGox, why should it die now?
legendary
Activity: 1162
Merit: 2025
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We are not approaching the end of Bitcoin.  Wink
Bitcoin adoption is growing slowly but steadily, Bitcoin has broken the stigma of being the currency of cyber-criminals, becoming an asset held by big companies and retailers alike.

The volume is huge, the liquidity is competitive and the industry is healthy. It could be healthier if we could get rid of the army of scammers, shitcoins and failure services like Terra-Luna, but still I believe we are only witnessing the beginning of a long era when Bitcoin continues to evolve, grow and survive despite of the FUD pushed by the enemies of decentralization.

If anything, we are approaching towards the end of FIAT paper and the bith of CBDC's, a new tool to keep an eye on you and anything you buy.
sr. member
Activity: 1092
Merit: 342
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For me it could be the end of all altcoins, because I don't care about them, but to say it's the end of bitcoin? It couldn't happen unless bitcoin investors stop liking money, and since it also has a function which is to make use of backup against global economic emergencies, since a recession would make many desperate for their money and not want to lose their value, the most reliable options to go for are gold and bitcoin. But for some bitcoin they do not see it completely as a refuge is one of the options that can work best.
newbie
Activity: 8
Merit: 0
Wall street opened up a new bitcoin short ETF, and traders are shorting the crap out of bitcoin. To me this is a sign of stability b/c the price can rocket when those short selllers have to cover. BTC isn't going anywhere, but crypto did get way ahead of itself pricewise. It's happened numerous times before.
sr. member
Activity: 2604
Merit: 338
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Despite the issues or negative reality that is developing at this time, bitcoin continues to run and move forward for the future, this is proven by many countries starting to accept bitcoin and crypto as well as increasing bitcoin holders from year to year, when a bear market like today is not a thing that happened once for bitcoin in a very deep price fall and this is not what causes bitcoin to end and die because I think when the price falls there are some people who think this is the end when it is the beginning for bitcoin to fly higher
We've seen its history and if we do make out some comparison then there's a figure that shows that it could really grow up its price into those unexpected numbers or we hadnt been anticipating which us investors

will really be that interest into its future potential in terms of price movement and its value but of course this isnt something that could happen in one night but it would take years or decades before we could see
new all time high.The wrong of other people is into their mindset that we would able to reach out into those numbers without any hardship and we know that its not having that pumping price like movement forever
which you should expect that there's drops and its happening as of this moment but doesnt mean that it would really be leading into its end.
full member
Activity: 686
Merit: 107
Despite the issues or negative reality that is developing at this time, bitcoin continues to run and move forward for the future, this is proven by many countries starting to accept bitcoin and crypto as well as increasing bitcoin holders from year to year, when a bear market like today is not a thing that happened once for bitcoin in a very deep price fall and this is not what causes bitcoin to end and die because I think when the price falls there are some people who think this is the end when it is the beginning for bitcoin to fly higher
sr. member
Activity: 1330
Merit: 289
Bitcoin will not end so easily. Bitcoin has started to gain a lot of popularity all over the world Many countries are legalizing Bitcoin.And there are many more countries that are on the verge of being officially legalized.If you want to destroy Bitcoin, you have to destroy everything in that country.Bitcoin will become more popular in the future and Bitcoin will be the number one position among all.
i laugh because i feel like laughing. Yes I will ko know that his government is against cryptocurrency and Bitcoin in that matter SodaStream bitcoin is not something a government can do and it will come  for them easily, because Bitcoin the documentation of it is not in the custody of anybody and bitcoin is something that not everyone news about it needs more advertisement for people to it more, because if you check of the Nations you will notice that not all the country that' adopt cryptocurrency as legal tender, from what I'm seeing it will take Bitcoin more years be known and also accepted generally
legendary
Activity: 1022
Merit: 1341
Let me introduce another variable. Maybe it's a gradual end of BTC, but in a way that something else takes it place. Like it happened with social media (and is happening still). BTC might not go away completly, and still stay as a store of value, but something else takes the top spot.

The Bible actually said it. Oh ye men of little faith. You have no faith on bitcoin that is why you sound as if bitcoin will end like other Ponzi schemes on social media. Do you really understand what is bitcoin? Let me give you a clue on it. Bitcoin is a decentralized digital currency which means nobody or central authority controls the asset. There is no database in it. Everyone control their money in their wallet by themselves, there is no retrieval of password if you lost or miss placed your seed phrase. And if you miss placed or lost your seed phrase, you have lost all the money in your account and nobody can retrieve it for you. So for the OP and you saying, bitcoin is coming to an end, I see it as an irony. Bitcoin has come to stay and as a coin or currency in the exchange market, it must fruster ( coming down and up). I hope all currencies are like that. Bitcoin will definitely go up.
sr. member
Activity: 1330
Merit: 289
Bitcoin has a very bright future because many high-profile investors have invested in it; it is pointless to predict that Bitcoin will die or end soon. This crypto market situation is only a matter of time, and I believe it will end soon.
people is misquoting the adoption of cryptocurrency and the validity of cryptocurrency Bitcoin is a currency that no one knows the bottom and their values so therefore those who is predicting that cryptocurrency is on the death ground is those that don't know the basic things buy cryptocurrency work with because since the originality of cryptocurrency it is has been falling and rising and when it falls many people who we thought that it will not stand again so that is a shallow and tality of people who don't know very well of cryptocurrency so I believe that that is the rotation and the market of cryptocurrency so Bitcoin is not dead and I cannot concur to that that bitcoin can be eliminated totally
legendary
Activity: 3234
Merit: 1214
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Too early to make a decision that the market have come to an end. In the beginning days Bitcoin experienced similar conditions of reaching down to the bottom. Now the market is mature and the adoption level is at its high, so we can't think of bitcoin to be on its end days. Following the market of bitcoin is the rest of the altcoins. This time the altcoins hadn't bleed as the bitcoin. For now it is time to make use of the opportunity than just making speculations that drive the price downwards.
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