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Topic: Bitcoin Is DEAD Again!! - page 7. (Read 1291 times)

newbie
Activity: 42
Merit: 0
December 20, 2017, 06:39:14 AM
#53
 BTC will grow, its not dead
member
Activity: 105
Merit: 10
December 20, 2017, 06:35:19 AM
#52
Do you think the Lightning Network does have the chance to save Bitcoin even temporarily?

What do you mean temporarily? As soon as Bitcoin gets the Lightning Network up and running, it's death to bcash for good. Right now they are ahead because they know the only chance they got to try to succeed, is to go all in on the short term. They are planning to increase the blocksize again, they have a credit card, they got listed on coinbase, so everything is working fine for them. As soon as Bitcoin gets the LN, and it's scalability problems get solved, it's goodbye bcash, because it will no longer have any advantage over bitcoin, and it's short term strategy will no longer work.

Even with this big problem of scalability BTC is still keeps its value,and it is just having bad time in this moment.It would be very strange that BCH crew does not try to use this situation to say that BCH is new BTC,and we all know how it ended last time.

I do not know when LN will be available,news say it is in the final testing phase and that proved to be successful.That would be great solution for today problems,but how will miners&exchanges react on this since they only profit from high fees.We have SegWit enabled but almost nobody uses it,can a similar situation be repeated with Lightning Network?

I have read that even with Lightning Network you will have to pay the regular fee twice - to open and close the Lightning Network tunnel, so if you engage with the particular service provider with only one or two transactions, there is no difference than it is currently in terms of all total fees you pay or it can even be worse.

I am not sure if this is a correct understanding.

In general, there is not much known for sure when it comes to Lightning Network (as you noted, by the way).

full member
Activity: 462
Merit: 102
December 20, 2017, 06:30:34 AM
#51
Those who leave bitcoin and invest in bitcoin cash are the one who will feel the death and that is not an speculative thought but a real scenario that will soon happen in due time (a month or a year).. Trusting a new created crypto then abandoning the one you’ve trusted since then is a big mistake,, that will surely makes you regret at the time you’ll find out that you’ve been encourage to loss..
full member
Activity: 476
Merit: 102
December 20, 2017, 06:22:39 AM
#50
Last 2-3 days bitcoin is remaining in the same position...It is decreasing day by day...I think bitcoin is reached its limit..its growth is over now...so Bitcoin is dead
newbie
Activity: 15
Merit: 1
December 20, 2017, 06:21:20 AM
#49
you do realise that when btc price drops it is seen to drop, mostly, against the usd (or whichever your residential fiat is, by which you track your investment) don't you?

the big fiats, like the usd, also fluctuate, which will affect the price of btc ...

it's normal
newbie
Activity: 76
Merit: 0
December 20, 2017, 06:18:25 AM
#48
Why not look at this as another buying opportunity instead of just blindly saying that it's dead? For you to survive in this kind of business you at least need to know the basics of trading.
legendary
Activity: 3234
Merit: 5637
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December 20, 2017, 06:17:01 AM
#47
Do you think the Lightning Network does have the chance to save Bitcoin even temporarily?

What do you mean temporarily? As soon as Bitcoin gets the Lightning Network up and running, it's death to bcash for good. Right now they are ahead because they know the only chance they got to try to succeed, is to go all in on the short term. They are planning to increase the blocksize again, they have a credit card, they got listed on coinbase, so everything is working fine for them. As soon as Bitcoin gets the LN, and it's scalability problems get solved, it's goodbye bcash, because it will no longer have any advantage over bitcoin, and it's short term strategy will no longer work.

Even with this big problem of scalability BTC is still keeps its value,and it is just having bad time in this moment.It would be very strange that BCH crew does not try to use this situation to say that BCH is new BTC,and we all know how it ended last time.

I do not know when LN will be available,news say it is in the final testing phase and that proved to be successful.That would be great solution for today problems,but how will miners&exchanges react on this since they only profit from high fees.We have SegWit enabled but almost nobody uses it,can a similar situation be repeated with Lightning Network?
hero member
Activity: 784
Merit: 672
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December 20, 2017, 06:16:31 AM
#46
No, Bitcoin isn't dead, and it won't be dead anytime soon. It is the standard of the crypto industry with new updates and implementations every year. How can a coin which is a fork of the Bitcoin can kill its own master? It seems strange to me.
I know that the high fees and slow speed of the transactions are downgrading the mighty Bitcoin in the eyes of professional businesses, but those problems will be sort out very soon with the implementation of the Lightning Network.
BitcoinCash is also very good with some amazing features that could easily attract investors and businesses, but it wont be the vehicle to kill the Bitcoin. Bitcoin will rise back and will be used by everyone.
hero member
Activity: 1330
Merit: 569
December 20, 2017, 06:01:12 AM
#45


Today, Bitcoin is declared to be dead again as BitcoinCash is surging so high into the atmosphere as many people are expressing their complaints on Bitcoin's astronomical transaction fees and questionable speed. There is a movement right now in the market expressing a big dismay or disappointment on Bitcoin as this is not the Bitcoin that we are supposed to have. Bitcoin enthusiasts are recognizing this problem and hoping that soon the problem can be given adequate and acceptable solutions. Have you already said your goodbye to Bitcoin and hello to BitcoinCash? Do you think the Lightning Network does have the chance to save Bitcoin even temporarily?

I really would want to know if there is another definition for the 'Dead' because the way its being used concerning bitcoin makes it seems like just any other word with another type of meaning than what we know. BCH has witnessed its surge before when bitcoin retreated in price before going an all time high and now its happening again, I dont know what the fuse is about considering the surge in BCH can be largely due to the crediting of BCH by Coinbase.

Bitcoin is still very much alive as this is just a minor drop in price to have been enough to use the adjective 'Dead' in qualifying the current position. When the whole hype is over, we will then know which one is stronger than the other.
member
Activity: 210
Merit: 10
December 20, 2017, 05:55:59 AM
#44
Calm down bitcoin is not dead, it is just temporary. And I think now it is good time to buy bitcoin.
Form the history of the bitcoin price, when price wall will surely follow with increases at the higher prices.

Bitcoin is still the king of all cryptocurrency.
newbie
Activity: 56
Merit: 0
December 20, 2017, 05:42:12 AM
#43
But it will be increase very, very soon
member
Activity: 105
Merit: 10
December 20, 2017, 05:39:20 AM
#42
Why you think its dead? Its just a price drop, pretty normal in crypto world, If this you consider a dead then bitcoincash stays dead 99% of the year lol.

It is not only about the price of a coin. It is about the transaction speed, the confirmation time. People ask "why do you speak of the micropayments?". OK, let us not speak about micropayments. Do you think that transaction fee don't apply to people storing bitcoin? What if the price goes through the roof (or the floor if we are at that) and you want to quickly sell your assets and you CANNOT do that not doubling the amount in fees ?
legendary
Activity: 2576
Merit: 1043
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December 20, 2017, 05:35:06 AM
#41
I can't say that bitcoin is dead already however, with the problems of bitcoin like the high fees and the never to slow transaction many are considering it as dead. For me it isn't because I think bitcoin as a storage where we can put all of our digital currencies like a savings bank. In the past few days, we see bitcoin decreasing its value and its normal already but some of the investors of BTC maybe pulled out their investment and bought another coin like BCH or other alts.
legendary
Activity: 1694
Merit: 1005
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December 20, 2017, 05:33:08 AM
#40
Do you think the Lightning Network does have the chance to save Bitcoin even temporarily?

What do you mean temporarily? As soon as Bitcoin gets the Lightning Network up and running, it's death to bcash for good. Right now they are ahead because they know the only chance they got to try to succeed, is to go all in on the short term. They are planning to increase the blocksize again, they have a credit card, they got listed on coinbase, so everything is working fine for them. As soon as Bitcoin gets the LN, and it's scalability problems get solved, it's goodbye bcash, because it will no longer have any advantage over bitcoin, and it's short term strategy will no longer work.
copper member
Activity: 1815
Merit: 1004
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December 20, 2017, 05:32:12 AM
#39
Bitcoin is not dead, bitcoin give chance to other currencies to go up Tongue Bitcoin drops to reach the highest price of all time, just wait and watch Smiley
jr. member
Activity: 59
Merit: 1
December 20, 2017, 05:20:16 AM
#38
You still can buy a lot of pizza's for one BTCitcoin!
full member
Activity: 280
Merit: 100
December 20, 2017, 05:15:41 AM
#37
Hello. Dont worry bitcoin will be back again. It was pronounced dead many times before and always recovered.
Full disclosure i think bitcoin will only be a store a value in the future, there are better projects in the future

Cheers
newbie
Activity: 54
Merit: 0
December 20, 2017, 05:14:07 AM
#36
Huh. If it's dead, than pls donate all your BTC to me Smiley
sr. member
Activity: 672
Merit: 266
December 20, 2017, 05:10:53 AM
#35
Damn, a dead coin worth more than 15 k$? What would it be worth when it'll resurrect?
newbie
Activity: 44
Merit: 0
December 20, 2017, 05:06:02 AM
#34
I heard about lighting network, if it will work, Bitcoin will grow exponencially. This is big IF. If implementation will fail, BTC will be probably not dead, but something like GOLD in comodity market. It will still have his prime, but his usefullnes will be limited and price will not bounce up too much.

I think, we will see some consolidation too. Lot of coins will die, but BTC there will be always. His price of course could be very volativ.
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