Bitcoin declared ‘dead’ 52% less in 2022 despite bear market vibes

Silberman

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Quote from: adaseb on July 25, 2022, 10:20:56 PM

This doesn’t really mean anything. It’s just journalism.

Basically they stopped calling Bitcoin dead because people don’t care anymore and aren’t reading the article. They only write article these days if they can only get someone to read it.

Nobody cares now whether Bitcoin is dead or alive, so don’t they print as much articles.

This is the most likely explanation, the media decides what content to make public depending on what people want to hear at the time, it seems that people in general are less interested in reading those kind of articles and as such the media has responded to the lack of demand, now it would be interesting to try to make some deductions out of it, why people are not interested anymore? Is it because they do not believe bitcoin can be killed or is it simply lack of interest in bitcoin in general?

adaseb

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This doesn’t really mean anything. It’s just journalism.

Basically they stopped calling Bitcoin dead because people don’t care anymore and aren’t reading the article. They only write article these days if they can only get someone to read it.

Nobody cares now whether Bitcoin is dead or alive, so don’t they print as much articles.

GreatArkansas

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I don't see any valid reason why we can use as an indicator "how many percent bitcoin declared dead".
For me, this is normal to hear different opinions about Bitcoin being dead after how many times it is dumping. Overall, it's still on the price of Bitcoin why people telling Bitcoin is dead. Pure speculation.

hatshepsut93

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I don't think that this means that the sentiment is not bearish enough, I think commenters have just started to realize that it's silly to proclaim Bitcoin as dead when it is much higher than it was in the last bear market, and this pattern repeats with each market cycle. You could call Bitcoin "dead" when it was at $200 or $3,000, but it's psychologically very hard to declare an asset "dead" when it is worth over $20,000.

Wilhelm

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Quote from: Edwardard on July 24, 2022, 11:20:23 PM

Quote from: _BlackStar on July 24, 2022, 10:18:12 PM

Bitcoin declared dead? I don't think so, but on the contrary bitcoin has grown much stronger year after year regardless of its price in the market. The bears are showing no signs that bitcoin is going to die out, it's only natural when people want to take profits but maybe institutional investors are actually experiencing the downside effect.

I think micro investors are getting stronger, the community is getting wider, people are starting to think about staying in the long term, asset accumulation and that is the most basic support for the statement about bitcoin being declared dead time and time again. The market hasn't given up yet and we can see how it grows better after the bitcoin price fell for a while at post-ATH lows.

Investors getting stronger? Bruh, 3AC just got bankrupt, luna dropped bombs on us, tesla sold 75% of its bitcoin holdings recently, what else? They are not getting stronger, they are getting greedy and paying for their greed.. We are now just a puppet of the US markets.

I think he means that with big whales cashing out and the amount of big accounts decreasing, the coins are getting distributed wider. This brings stability.

Tesla cashing out means 1 whale less and more shrimps investing...

Poker Player

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This, assuming it is accurate, as we have reason to doubt it as discussed, would be logical. As time goes on, as Bitcoin matures and becomes more widely adopted, it will be more difficult for people to think that it will disappear. More and more people have Bitcoin, and instead of being a rare thing, it has become part of everyday life, because in the news, especially financial news, there is already a part of the time dedicated to Bitcoin on a regular basis in the mainstream media.

Edwardard

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Quote from: _BlackStar on July 24, 2022, 10:18:12 PM

Bitcoin declared dead? I don't think so, but on the contrary bitcoin has grown much stronger year after year regardless of its price in the market. The bears are showing no signs that bitcoin is going to die out, it's only natural when people want to take profits but maybe institutional investors are actually experiencing the downside effect.

I think micro investors are getting stronger, the community is getting wider, people are starting to think about staying in the long term, asset accumulation and that is the most basic support for the statement about bitcoin being declared dead time and time again. The market hasn't given up yet and we can see how it grows better after the bitcoin price fell for a while at post-ATH lows.

Investors getting stronger? Bruh, 3AC just got bankrupt, luna dropped bombs on us, tesla sold 75% of its bitcoin holdings recently, what else? They are not getting stronger, they are getting greedy and paying for their greed.. We are now just a puppet of the US markets.

_BlackStar

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Bitcoin declared dead? I don't think so, but on the contrary bitcoin has grown much stronger year after year regardless of its price in the market. The bears are showing no signs that bitcoin is going to die out, it's only natural when people want to take profits but maybe institutional investors are actually experiencing the downside effect.

I think micro investors are getting stronger, the community is getting wider, people are starting to think about staying in the long term, asset accumulation and that is the most basic support for the statement about bitcoin being declared dead time and time again. The market hasn't given up yet and we can see how it grows better after the bitcoin price fell for a while at post-ATH lows.

Fundamentals Of

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How could people, even those perma bears, really declare Bitcoin dead when the price remains to be above $20,000? They would only look ridiculous. When they look back, they would realize that all their declarations were a failure and those were made when the price was much lower. Although they still continue criticizing Bitcoin and spreading fear and doubts on it, there is no denial that despite all their efforts the market is growing big.

n0ne

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This shows how people stay positive about the market. Another thing, the better learning about the bitcoin and the surrounding market. Earlier Whales used to make opportunity whenever there arises the bearish market. Now this have changed completely as people are good enough to learn and educate themselves about the market than just falling for the market manipulation from the whales.

Educate yourself and the market will be all yours, because users with the right knowledge have made good fortune unlike the bear and bullish trend. This can be through trading, staking or through other forms of earning.

OgNasty

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Not to discount the Bitcoin economy’s effect on the price movements over the 4 year cycle, but we do still seem to be following that pattern. It should be no surprise to anyone that we’re now seeing lows. If you were to go by the cycle, we should still be in for dragging the bottom another 3 months. With the mtgox distribution approaching, that seems to line up for another coincidence. Maybe an approved ETF will coincide with an increase following the next halving. Wouldn’t that be another coincidence?..

Gozie51

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The dying moment of bitcoin is when it value will worth zero dollar but for now it is still worth a whopping amount of dollar for just one. Bitcoin selling at $22.720 now is not a joke that bitcoin is here with the world while musk dump is yet to show in the value. The fud will still be on but the investors won't be perturbed.

buwaytress

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Not that it's a really meaningful indicator, but it does "support" my personal view that sentiment now still doesn't feel as bad as it did in 2018.

The macro appears to feel worse, and US fiat is enjoying an artificial long day in the sun, so the environment feels like it couldn't be grimmer for the economy in general. Bitcoin not excluded.

The fear though? Doesn't feel as pervasive. The optimism much clearer in this bear.

So either the market has not enough cause to truly capitulate, or has attained maturity.

Wish I could believe in the latter.

Captain Corporate

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Basically people realized that bitcoin could go down time to time and its fine and nothing wrong with that. This is why I believe that we shouldn't be shocked to see people not really thinking its going to die. If you see something "dying" a million times and recovering a million times then its not going to be a weird thing. I know for a fact that crypto will not die, sure there would be "some" cryptos that dies, but the general idea, and bitcoin doesn't die neither. So we should just keep it going this way and ignore all those people who keep saying that it will die, seems to be wrong and we should realize that.

bestcoins1

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Quote from: wagmi on July 24, 2022, 06:54:01 AM

Bitcoin was still doing well until some weak but overvalued Shitcoins collapsed and people forget to do research about it.
HODL.

HODL is still a very good solution today as long as everyone has patience and believes that Bitcoin will continue to grow well in an in-demand market. Because the decline in the price of Bitcoin that has been happening all this time is something that has happened in the past for Bitcoin so it is still possible to keep believing in Bitcoin because after the decline, Bitcoin can still increase again which means HODL Bitcoin is still a good solution at this time

LFC_Bitcoin

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It’s usually so called mainstream journalists who write those dumb headlines. Maybe after being proved wrong many times already, they realise that they’ve been made to look stupid in the past so are refraining from doing it again.

Bitcoin will not die, it’s too good an investment & there are too many of us willing to die on this hill. Things that scared people in the past don’t work any more. The community is too strong, HODLERS are too strong. Bitcoin gives people better gains than almost anything else.

Baofeng

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Quote from: Kakmakr on June 14, 2022, 12:58:59 AM

I think if we look at the current state of the financial markets of the world (in war time) ...then most markets are down. People are not investing their money into so-called "high risk" speculative assets, but rather pushing it into traditional safe havens. (Gold/Silver/Government Bonds)

To be fair.... nobody really expected Bitcoin to do very well under these circumstances, so let's lower our expectations and rather look at Bitcoin as a "Long-term" safe haven, with potential for huge profits when it recovers. Grin

I think you missed the point, it has been declared 52% less this bear market as compare to previous bear market. And it should be worst right? we have the war in the background and yet this numbers?

Of course bitcoin is good for long term investment no question about that. And 67% down from our last all time high? there is something against those perma bears or those haters of bitcoin in this bear market. Maybe the attacks is not there anymore and so we haven't heard more about the argument of bitcoin being dead many times in this bear market.

Nrcewker

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Quote from: NeuroticFish on June 08, 2022, 01:30:57 PM

Quote from: franch on June 08, 2022, 01:14:06 PM

Interestingly amidst the current bearish market environment, the number of times Bitcoin has been declared ‘dead’ so far in the first half of 2022 stands at 12.

I'm not sure how accurate this can be, there are literally too many places/mediums people may express such opinions, however, I guess that on the average it can't be that far from the truth.
Even more, nowadays some started thinking whether Bitcoin is or isn't too big to fall.

Fun to think where we got to evolve, and rather quick actually...

Yes I am too wondering, how did they exactly count it to be 12 .
There are many persons at many places and many instances saying many things.
But that doesn’t mean that all they are saying are true.
As a Bitcointalk holder if you have at first shown trust in the coin, then you must not fall back.
This bear market will end soon and again BTC will grow. This people will again change their declarations.

wagmi

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What happened recently, should not be overvalued because it hasn't done any changes to fundamentals of Bitcoin.

It was a crash, where Bitcoin wasn't responsible and a crash where Bitcoin wasn't responsible should be treated as such.

Bitcoin was still doing well until some weak but overvalued Shitcoins collapsed and people forget to do research about it.
HODL.

Kakmakr

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I think if we look at the current state of the financial markets of the world (in war time) ...then most markets are down. People are not investing their money into so-called "high risk" speculative assets, but rather pushing it into traditional safe havens. (Gold/Silver/Government Bonds)

To be fair.... nobody really expected Bitcoin to do very well under these circumstances, so let's lower our expectations and rather look at Bitcoin as a "Long-term" safe haven, with potential for huge profits when it recovers. Grin

cr1776

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That may change after today. Grin

They like to hype the negative.

Despairo

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Those journalists wrote their articles Bitcoin is dead is pretty similar when Bitcoin crash around 85% on 2018 from it's previous 2017 ATH, but Bitcoin isn't dead and it can steady recovered and keep making new ATH until it reach $69K at the highest milestones Bitcoin price. Now after Bitcoin drop 50% and few countries already accept Bitcoin as a legal tender, did anyone still think Bitcoin will become dead coin? If you said yes, then you'd better to start learn about Bitcoin.

SFR10

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Quote from: franch on June 08, 2022, 01:14:06 PM

Interestingly amidst the current bearish market environment, the number of times Bitcoin has been declared ‘dead’ so far in the first half of 2022 stands at 12.
In point of fact, this represents a 52% reduction in the number of times the flagship digital currency was declared dead when compared with H1 2021, which totaled 25 times, according to data from 99Bitcoins, the cryptocurrency’s official obituary.

It's a bit weird seeing whoever is responsible for making that evaluation, couldn't wait 22 more days to have a bit more accurate stats for the first half of this year, but having said that, it seems that it only takes into account contents that are written in English ^{[in other words, we should take that "52% less" part with a grain of salt]}!

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Quote from: franch on June 08, 2022, 01:14:06 PM

Interestingly amidst the current bearish market environment, the number of times Bitcoin has been declared ‘dead’ so far in the first half of 2022 stands at 12.

I'm not sure how accurate this can be, there are literally too many places/mediums people may express such opinions, however, I guess that on the average it can't be that far from the truth.
Even more, nowadays some started thinking whether Bitcoin is or isn't too big to fall.

Fun to think where we got to evolve, and rather quick actually...

franch

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The cryptocurrency market has turned green once again after weeks of volatile price movement, with Bitcoin (BTC) leading the recovery effort by showing, for now, at least indications of stabilizing above the crucial $30,000 price barrier.
Interestingly amidst the current bearish market environment, the number of times Bitcoin has been declared ‘dead’ so far in the first half of 2022 stands at 12.
In point of fact, this represents a 52% reduction in the number of times the flagship digital currency was declared dead when compared with H1 2021, which totaled 25 times, according to data from 99Bitcoins, the cryptocurrency’s official obituary.
Despite the fact on May 17, the Crypto Fear & Greed Index, which serves as a cross-market sentiment gauge, hit a score of 8 out of 100, its lowest value since March 2020, during the period around the coronavirus pandemic inspired a market meltdown.

Source: https://finbold.com/bitcoin-declared-dead-52-less-in-2022-despite-bear-market-vibes/

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