Are we gradually approaching towards the end of Bitcoin? - page 8.

stomachgrowls

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Quote from: hyudien on June 29, 2022, 04:42:31 PM

What do you mean by end of Bitcoin? just because Celsius froze all accounts and funds on them and then generalized that a Bitcoin holdout would cause all Bitcoin markets to end?
In my opinion, Celsius is only 1% of what is currently running in the market. So it won't make the Bitcoin market come to an end.

Most of the time on which having that lacking of some research and in depth analysis could really make out these kind of questions which turns out to be laughable if the community that supports Bitcoin
would able to read. Grin

If we do really know on how many times bitcoin died and how many times this market been stormed out by lots of negativities around but still it do stood strong even up to this moment.
Having these declines wont really be that enough for it to signify that its ending is near.

You cant really just make yourself that too impulsive on which you do ending up on presuming that we are already heading there? Impossible.
As long you could see the support then it is really not going to happen.

Jody.Drummer

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

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?

Well, it's too early to say it's all over. Bitcoin with increasingly massive adoption and now more and more countries are opening up long-term investments in Bitcoin, then big companies like MicroStrategy increased their purchasing power by 480 Bitcoins today https://twitter.com/saylor/status/1542117682207678465 so I don't think Bitcoin will end only because of the downturn and the issues out there that are currently buzzing.

Hyphen(-)

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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.

348Judah

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

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?

I want to believe that 13 years is not a joke for a digital currency like bitcoin remain outstanding among other cryptocurrencies, not because of anything than the trust and person(s) behind the coin, bitcoin isn't going anywhere bit rather have fome to stay and remain relevance to the economy, when there's a dip im lrice we consider the last bear market before the ATH and after the ATH it will not fall below the starting point it took off from, which is believed to be $20k, now it it revolving round this range should signify the certain limit reached and bitcoin is ready to either maintain it for now or prepare to run bullish as a result.

hyudien

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What do you mean by end of Bitcoin? just because Celsius froze all accounts and funds on them and then generalized that a Bitcoin holdout would cause all Bitcoin markets to end?
In my opinion, Celsius is only 1% of what is currently running in the market. So it won't make the Bitcoin market come to an end.

franky1

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Quote from: TheNineClub on June 29, 2022, 03:57:38 PM

but something else takes the top spot.

top spot in what manner?
if your talking about market cap..
well i can make an altcoin of a trillion coins, sell 1 coin for $1 and give it a market cap of $1..
just needs one time use of one coin.. .. does this make it "on top"
.. nope?
then what do you mean "on top".
is it a market price bigger then bitcoin.
well i can make an altcoin of just 21m coins.
put it on the market. sell 1 coin to myself for $500k (not costing me that, because im paying myself, so no loss) but the market price is now $500k.
oh and that market cap is $10.5trill.. yet again its just utility of 1 coin.
is this altcoin now "on top"? .. no?

so whats "ontop"
is it number of transactions performed a day..
well there are many altcoins and altnets spamming their networks. not actually purchasing anything but just being brute forced or spamming for the sake of data bloating/faking volume/bug testing/mixer/routed/etc

are they ontop?.. no?
so what measure do you consider ontop.

TheNineClub

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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.

abel1337

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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?

End? The thing I could think right now that make bitcoin end is if no one use it which will be impossible or all of miners stop mining which is also impossible unless a world threat arrives like a meteor hitting the world that could end us all. Even if all government ban bitcoin, I'm sure someone will still able to use it. We've experience news and situations like these in a bear market like we currently have so it's basically normal to have negative news about bitcoin from time to time now. Bitcoin have seen downslides like these before but where we are right now? Still using bitcoin Roll Eyes

StanCrypt

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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?

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