Bitcoin is "dying". - page 2. | Bitcointalksearch.org

karmamiu

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Quote from: drwhobox on May 24, 2023, 06:22:02 PM

Quote from: Xampeuu on May 24, 2023, 01:54:32 AM

it is undeniable that there will be more people who think that bitcoin is a place to make money and can realize their aspirations as rich people. those who preach that bitcoin is not worth it as an asset are a line of hurt people who may have experienced a loss from a bitcoin investment. but I don't blame them because everyone will have their own judgment about bitcoin. and usually those who are unstable will feel disappointed when bullrun comes, and of course they will feel ashamed of themselves

Mostly people who don't invest in bitcoin and have zero knowledge about bitcoin say that bitcoin is a scam or bitcoin is dying. Theoretically, there is now way that bitcoin can die just like anything. Those people who is shouting don't know how bitcoin works or they got scammed by anyone and now blame their foolishness in bitcoin. It is better to avoid them and ignore heir shitt talking.

What most people tend to ignore is that most investments have slow returns and they still needed to wait for a long time before they can feel their own profits, unlike bitcoin in which you can either lose some money by selling it low or they can gain profit almost instantly due to its nature being too volatile. This kind of thought was taken advantage of by some influencers or even advertisers in which, they will lure people thinking that they can earn instantly without even telling people what bitcoin really is. Along those lines, there will always be few people who are thirsty of knowledge and curious to some extent that they will personally dive deep into what blockchain and crypto really is and their purposes.

Yes, it is true that you will somehow earn profits by doing trades or speculating and reading the market, but is that what really bitcoin composed of? Thoughout the years I am already tired explaining to people what bitcoin is coz most of the times the people who approached me always have this same question they always ask "is it true that you will earn or become rich through bitcoin?", something along those lines.

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Quote from: Tony116 on May 24, 2023, 04:32:33 AM

Quote from: davis196 on May 24, 2023, 01:01:11 AM

KYC is imposed by the governments and the crypto companies must abide by the law, otherwise they will have to shut down.
I can't agree that crypto is "becoming" centralized. Crypto exchanges exist for one decade and they always have been centralized, but more and more people are moving their funds from centralized exchanges to cold wallets. This means that crypto is actually becoming more decentralized.

On the contrary, I think things are becoming more centralized as the government strengthens its control as well as increases regulation of the market. People move their assets from exchanges to cold wallets because they fear their assets will be lost after what FTX did. But according to the report, exchanges are still the largest store of bitcoin, so it cannot be said that things are becoming more decentralized.
Bitcoin is a currency or an asset, I don't find it too important. As long as it brings benefits and creates value for users, it is a success.

I agree, the government imposes more and more control on bitcoin and exchanges just abide by it and users are okay with that. I'm sure that after crypto winter when everything will go up, people will come back to exchanges because it's way easier to buy crypto there.

And KYC is a huge problem because it is an attack on the whole idea of bitcoin being anonymous.

And I must say that it matters how we see bitcoin. Because while bitcoin is destroyed as a currency, we are happily looking at it and smiling because it's still a good asset to invest it, who cares and it becomes more and more unusable as a money and you can hardly buy it without providing your passport.

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Quote from: Xampeuu on May 24, 2023, 01:54:32 AM

it is undeniable that there will be more people who think that bitcoin is a place to make money and can realize their aspirations as rich people. those who preach that bitcoin is not worth it as an asset are a line of hurt people who may have experienced a loss from a bitcoin investment. but I don't blame them because everyone will have their own judgment about bitcoin. and usually those who are unstable will feel disappointed when bullrun comes, and of course they will feel ashamed of themselves

Mostly people who don't invest in bitcoin and have zero knowledge about bitcoin say that bitcoin is a scam or bitcoin is dying. Theoretically, there is now way that bitcoin can die just like anything. Those people who is shouting don't know how bitcoin works or they got scammed by anyone and now blame their foolishness in bitcoin. It is better to avoid them and ignore heir shitt talking.

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Quote from: Rampagoe004 on May 24, 2023, 12:38:20 AM

Quote from: crypticj on May 18, 2023, 07:30:05 AM

The problem is that most of the people in crypto see Bitcoin as an asset like a stock to invest in and then sell later. No one even thinking about the future of Bitcoin as means of currency. Bitcoin was created NOT as an asset, we use it as one, it was created to solve a banking problem and create money of freedom that can't be faked and printed. And somehow people are literally forgotten about this whole point of Bitcoin.

I've read the opinions of several people in this thread. And I think the people who see the positives about Bitcoin from the good news are those who are not seeing the reality of what is happening in the cryptocurrency.

I have a question, how many people see Bitcoin as a medium of exchange and not as an investment asset that is bought at low prices and resold at high prices? I believe that almost everyone sees Bitcoin as an asset.

A lot of news about people who have regretted selling their Bitcoin at the price ten years ago when looking at the current price. Or news about someone who has bought BTC at $10k and managed to sell at $30k? Doesn't that sound like an asset rather than a currency?

Is BTC as a crypto currency currently shifting to become a crypto asset? I doubt that won't happen.

Everyone got their own opinion and people got their own perspective on how they view bitcoin, may it be as a currency or as an asset. The answer usually depends on how the people uses the cryptocurrency and not because of the reason why it was made. My main point is, as long as public or the people enjoyed using bitcoin, it's already a success as a cryptocurrency because it's been used and not just a regular asset or currency that people shows no interests.

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Quote from: crypticj on May 18, 2023, 07:30:05 AM

I created a thread asking people what they think bitcoin will stabilize enough to become a currency for people to use and literally everyone said to me that it's an asset and it will never stabilize. And, don't get me wrong, sounds logical and I agree with that.
But if we treat Bitcoin like this, why are we waiting for the "mass adoption" and want businesses to accept Bitcoin that is not stable in any means to use it as a currency?

Bitcoin is a mineable currency with a finite supply of 21 million BTC. It's a brand new currency with innovative promises and technology. After this, how can you expect Bitcoin to stabilize? It has a finite supply and because of its innovativeness, it's demand is increasing, there is no way it can stabilize because of progressively increasing demand and finite supply that also decreases because some people lose their keys and some of them get seized.

Quote from: crypticj on May 18, 2023, 07:30:05 AM

Almost all platforms and even some wallets require your ID which is the opposite of anonymity. And because of that there are fewer and fewer platforms that offer you services without KYC and therefore because there are not many of them here they hike up their fees to the sky.

Decentralized exchanges are here to solve that problem unless you want to trade with options and futures.

Quote from: crypticj on May 18, 2023, 07:30:05 AM

Add to that the fact that even wallets are not safe. Ledger literally offered people to save their seed phrase in the cloud. The mere fact that they CAN take your seed phrase and upload it somewhere is a reason to never use ledger anymore.

Bitcoin wallets are very safe, the fact that Ledger is not, doesn't mean anything. Ledger is a commercial hardware wallet manufacturer. Overall, it has nothing to do with the security of Bitcoin wallets.

be.open

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Hmm, difficulty at all-time high, hashrate at all-time high, it doesn't look like bitcoin is dying or even sick. Regrets that bitcoin in its evolution does not follow a straight-line trajectory sound somewhat naive. Numerous investors and speculators, for whom bitcoin is only a means of personal enrichment in the equivalent of their preferred fiat currency, play an important positive role in this story, even if they do not believe in bitcoin and are driven by selfish greed. At a minimum, they provide liquidity on fiat gateways and minimize the spread between the ask and the bid with their trading activity. Don't worry about bitcoin, this power is already out of control and someone's sole influence is not capable of destroying it. Satoshi's wise decision was to withdraw himself, because for a long time he could do it. Now even he can't.

Bitcoin is psychologically subtly cyclical in its ever wider expansion in all directions, the strongest feeling of human nature - fear. More precisely, its most unbridled variety is greed, fomo (which, in essence, is the fear of not being in time). It has little to do with the lofty ideals and dreams of the early cypherpunks, but damn it, it really works.

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Bitcoin isnt dying, but its general idea died. This is just another asset that is used for speculation. It is ok that we dont see mass adoption yet. In fact, it might never happen. Like I've said, Bitcoin is no longer anonymous payment solution. This is just an asset, like stock and bonds. They arent for everyone also, not everyone to get involved with them.

I also have noticed, that people claim that Bitcoin is dying because its value drops, or it dont show growth always. That is also normal. No one promised that the price will only grow. That is market relations, price can go where ever it wants.

It is even ok to see KYC being asked everywhere. We do all want to feel safe. People feel safe when they are under control, when there is no chaos around. KYC in cryptocurrencies is for control, for centralization, even though I dont support that method of safety.

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Quote from: davis196 on May 24, 2023, 01:01:11 AM

Quote

Another big problem is that everything in crypto spaces becomes centralized. Recently I tried to sell my crypto without KYC and I didn't find any good platforms to do it! Just think about it...nowadays you need to pass KYC to sell crypto without high fees. That's crazy.

Almost all platforms and even some wallets require your ID which is the opposite of anonymity. And because of that there are fewer and fewer platforms that offer you services without KYC and therefore because there are not many of them here they hike up their fees to the sky.

KYC is imposed by the governments and the crypto companies must abide by the law, otherwise they will have to shut down.
I can't agree that crypto is "becoming" centralized. Crypto exchanges exist for one decade and they always have been centralized, but more and more people are moving their funds from centralized exchanges to cold wallets. This means that crypto is actually becoming more decentralized.
I agree that Bitcoin is more of an asset rather than a currency, but I guess that Satoshi failed to predict that the scarce nature of BTC will turn it into an asset and make it less useful as a currency. However, this doesn't make Bitcoin less useful as a store of value.

On the contrary, I think things are becoming more centralized as the government strengthens its control as well as increases regulation of the market. People move their assets from exchanges to cold wallets because they fear their assets will be lost after what FTX did. But according to the report, exchanges are still the largest store of bitcoin, so it cannot be said that things are becoming more decentralized.

Bitcoin is a currency or an asset, I don't find it too important. As long as it brings benefits and creates value for users, it is a success. We should not be so rigid, Statoshi created BTC to be a currency and when it has to become a currency, that is called success. Success is when it brings us happiness, and people are very satisfied using bitcoin as an asset.

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The claim that Bitcoin is "dying" is an assertion that suggests a decline or impending demise of the cryptocurrency. However, it is important to note that such statements are subjective and highly debatable. While Bitcoin has experienced price volatility and fluctuations over its existence, it has also demonstrated resilience and continued to attract interest from investors, institutions, and individuals worldwide. Bitcoin's decentralized nature, its underlying technology (blockchain), and its potential as a store of value or medium of exchange make it an influential player in the digital asset space. The future of Bitcoin remains uncertain, and opinions regarding its viability and long-term prospects may vary, but to proclaim its imminent demise would be an oversimplification of a complex and evolving landscape.

Similificator

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There are indeed disappointing things happening to Bitcoin right now which may make it seem like the ideology of bitcoin or its purpose is already slowly dying. Well, that is one way to look at it. But in another perspective though, it can also seem like improvement through trial and errors which can truly benefit Bitcoin in the long run. It really just depends on how a person sees all these things that are happening to bitcoin. I guess the best thing to do would be to just stick to doing what you have been doing all this time or to what you think would be beneficial not just for you but for this industry as well instead confusing yourself with other people's opinions and views.

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Quote from: Rampagoe004 on May 24, 2023, 12:38:20 AM

Quote from: crypticj on May 18, 2023, 07:30:05 AM

The problem is that most of the people in crypto see Bitcoin as an asset like a stock to invest in and then sell later. No one even thinking about the future of Bitcoin as means of currency. Bitcoin was created NOT as an asset, we use it as one, it was created to solve a banking problem and create money of freedom that can't be faked and printed. And somehow people are literally forgotten about this whole point of Bitcoin.

I've read the opinions of several people in this thread. And I think the people who see the positives about Bitcoin from the good news are those who are not seeing the reality of what is happening in the cryptocurrency.

I have a question, how many people see Bitcoin as a medium of exchange and not as an investment asset that is bought at low prices and resold at high prices? I believe that almost everyone sees Bitcoin as an asset.

A lot of news about people who have regretted selling their Bitcoin at the price ten years ago when looking at the current price. Or news about someone who has bought BTC at $10k and managed to sell at $30k? Doesn't that sound like an asset rather than a currency?

Is BTC as a crypto currency currently shifting to become a crypto asset? I doubt that won't happen.

it is undeniable that there will be more people who think that bitcoin is a place to make money and can realize their aspirations as rich people. those who preach that bitcoin is not worth it as an asset are a line of hurt people who may have experienced a loss from a bitcoin investment. but I don't blame them because everyone will have their own judgment about bitcoin. and usually those who are unstable will feel disappointed when bullrun comes, and of course they will feel ashamed of themselves

Supermi

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I think you are very thorough I like your assessment, now bitcoin is in critical times many people are manipulating the exchange market with our identity as collateral,
now also starting to penetrate into our soft wallets like ledgers, everything is starting to be unsafe for users.

davis196

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Quote

Another big problem is that everything in crypto spaces becomes centralized. Recently I tried to sell my crypto without KYC and I didn't find any good platforms to do it! Just think about it...nowadays you need to pass KYC to sell crypto without high fees. That's crazy.

Almost all platforms and even some wallets require your ID which is the opposite of anonymity. And because of that there are fewer and fewer platforms that offer you services without KYC and therefore because there are not many of them here they hike up their fees to the sky.

KYC is imposed by the governments and the crypto companies must abide by the law, otherwise they will have to shut down.
I can't agree that crypto is "becoming" centralized. Crypto exchanges exist for one decade and they always have been centralized, but more and more people are moving their funds from centralized exchanges to cold wallets. This means that crypto is actually becoming more decentralized.
I agree that Bitcoin is more of an asset rather than a currency, but I guess that Satoshi failed to predict that the scarce nature of BTC will turn it into an asset and make it less useful as a currency. However, this doesn't make Bitcoin less useful as a store of value.

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Quote from: crypticj on May 18, 2023, 07:30:05 AM

The problem is that most of the people in crypto see Bitcoin as an asset like a stock to invest in and then sell later. No one even thinking about the future of Bitcoin as means of currency. Bitcoin was created NOT as an asset, we use it as one, it was created to solve a banking problem and create money of freedom that can't be faked and printed. And somehow people are literally forgotten about this whole point of Bitcoin.

I've read the opinions of several people in this thread. And I think the people who see the positives about Bitcoin from the good news are those who are not seeing the reality of what is happening in the cryptocurrency.

I have a question, how many people see Bitcoin as a medium of exchange and not as an investment asset that is bought at low prices and resold at high prices? I believe that almost everyone sees Bitcoin as an asset.

A lot of news about people who have regretted selling their Bitcoin at the price ten years ago when looking at the current price. Or news about someone who has bought BTC at $10k and managed to sell at $30k? Doesn't that sound like an asset rather than a currency?

Is BTC as a crypto currency currently shifting to become a crypto asset? I doubt that won't happen.

crypticj

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Quote from: taufik123 on May 23, 2023, 06:59:57 PM

LOL, it is quite funny when someone says that no one is thinking about the future of Bitcoin as a currency or thinking about other developments.
Those who say so are usually against Bitcoin and do not follow the good news of Bitcoin.
It's only a matter of time before Bitcoin can reach everyone.

No, it's not funny. And no, I'm not against bitcoin. You don't see the meaning I put in this post.
I'm literally pro-bitcoin and I want to protect the ideas Satoshi put in it. And these ideas are getting destroyed right now.

If you disagree with me, just go and read what people are saying about bitcoin. I created multiple posts collecting people's opinions about bitcoin and how they see it. When you say that I'm against bitcoin, it's not a good argument. It's changing nothing and people are staining treating it like an asset, government still tries to regulate it as hard as possible and we still see that the anonymity of bitcoin is getting destroyed as well.

That's the question if you think that it will reach everyone, how people will use it?
Just to invest in it?
I don't see why people even want to use Bitcoin as money because I don't see how it will become stable enough to use it on a daily basis.

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Quote from: TelolettOm on May 23, 2023, 06:45:58 PM

Quote from: crypticj on May 18, 2023, 07:30:05 AM

The problem is that most of the people in crypto see Bitcoin as an asset like a stock to invest in and then sell later. No one even thinking about the future of Bitcoin as means of currency.

In my opinion, it's a bit of an exaggeration to say that no one. because not everyone thinks so. In fact, it is possible that there are actually many people who want to use or apply Bitcoin as a means of payment but are constrained by several things. One of them is the prohibition from the government to use Bitcoin as a means of payment. so, not because of everyone's unwillingness. but on the other hand, aren't there actually more and more payments with Bitcoin? And more and more people are aware of Bitcoin and accept Bitcoin as payment in countries where it is legal?
Maybe it's more a matter of time, how the world responds to the use of Bitcoin for global payments more easily.

LOL, it is quite funny when someone says that no one is thinking about the future of Bitcoin as a currency or thinking about other developments.
Those who say so are usually against Bitcoin and do not follow the good news of Bitcoin.
Currently, the government has authority over everything, Bitcoin regulation depends on the government and they have the power to regulate whether Bitcoin is allowed or not.

Nowadays even though Bitcoin users are increasing, Bitcoin is getting more and more recognized, more and more used, and small adoptions are also made.

The Bitcoin community is also growing and now it's not just Bitcoin, the cryptocurrency ecosystem is growing rapidly.
It's only a matter of time before Bitcoin can reach everyone.

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Quote from: crypticj on May 18, 2023, 07:30:05 AM

The problem is that most of the people in crypto see Bitcoin as an asset like a stock to invest in and then sell later. No one even thinking about the future of Bitcoin as means of currency.

In my opinion, it's a bit of an exaggeration to say that no one. because not everyone thinks so. In fact, it is possible that there are actually many people who want to use or apply Bitcoin as a means of payment but are constrained by several things. One of them is the prohibition from the government to use Bitcoin as a means of payment. so, not because of everyone's unwillingness. but on the other hand, aren't there actually more and more payments with Bitcoin? And more and more people are aware of Bitcoin and accept Bitcoin as payment in countries where it is legal?
Maybe it's more a matter of time, how the world responds to the use of Bitcoin for global payments more easily.

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Quote from: AnonBitCoiner on May 23, 2023, 11:34:12 AM

Those who Do not accept bitcoin as a currency have lack of knowledge or may be they don't want to accept the truth so they will accept bitcoin once they get familiar with all the aspects of bitcoin.

Lack of knowledge? I don't think so, if you say almost 8 billion people in this world haven't accepted bitcoin yet, they all lack knowledge? They don't accept it because they don't like it. Just because we love bitcoin doesn't mean others will be like us, everyone has different views and lifestyles. Don't impose your thoughts on others. I believe that even if the government accepts bitcoin, there will always be a section of society that never likes to use bitcoin.

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Quote from: CryptSafe on May 22, 2023, 04:07:31 PM

Bitcoin is dying are you the killer? Have you not been following up with bitcoin for years well if you have not I would advise you to do a little research on bitcoin turbulent times and get key facts for yourself and see how it was right from the very beginning of bitcoin inception. There have been worst scenario than the BRC20 attack on bitcoin but bitcoin bounced back with full force to surpass other altcoin maintaining the lead above all.
If you are truly a bitcoin enthusiast and believer this would be your last resort if you really knew the potentials bitcoin carries. Bitcoin is more than what you could imagine mate. So sit up and stop panicking.

Very well said. I cannot emphasize it more because it might sound redundant as you already explained it well about why bitcoin is not dying and that what we have now are just some slight errors and problems, and nothing to be afraid of as bitcoin is still alive and will probably have another ATH before or after the halving.

Just a piece of advice to the OP, just try to learn more about bitcoin's history and try to know what sort of problems did it faced beforehand because if you will just continue to speak from your mouth and not from your mind, I have no doubt that you will panic again if an almost the same scenario like this will happen again in the future.

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Although bitcoin is not stable but the instability is also a good feature of bitcoin because if it persists in a constant value then there will be no benefit to its holders so always think in both direction that if there is a disadvantage so also an advantage will be present here.

Bitcoin ideas are not dying but some people are just afraid of losing money otherwise its very successful asset to be a part of it. I think people just think about its risk but they forget about their profitable outcomes which it offers from the past certain years to its users and holders.

Those who Do not accept bitcoin as a currency have lack of knowledge or may be they don't want to accept the truth so they will accept bitcoin once they get familiar with all the aspects of bitcoin.

Topic: Bitcoin is "dying". - page 2. (Read 897 times)