Topic: bitcoin is most likely going to die, here is why... - page 5. (Read 2888 times)
I would never say that bitcoin is going to die! I think the bitcoin is just borned baby but it will rule the near future. It's been more than 10 years now and we all know about bitcoin, actually in several years we are using it. And every new day new usages opening. So i couldn't understand that why you believe in bubble?
I respect your opinion about bitcoin. But for me, It will never happen in bitcoin. It is because many people are patronizing bitcoin and almost all of the country knew about this kind of cryptocurrency. In other words, bitcoin has a solid foundation that it will not simply fall. No matter what happen bitcoin will still exists.
I think fiat has a better chance of collapsing then bicoin dying. The adoption rate for bitcoin is only growing while many countries are starting to suffer from massive inflation.
I think it's not true that bitcoin should actually be more widely used and should be more expensive because cryptocurrency or digital currency can be the best asset and one of the best payments.
LOL. Technology can't and won't die. Bitcoin maybe won't be the mass adopted one but blockchain technology is gonna stay for sure.
Bitcoin will never die as it is the foundation of cryptocurrency.
BTC will stand for a long time or forever as it is the future of currency.
Bitcoin will rule the world together with blockchain.
BTC will stand for a long time or forever as it is the future of currency.
Bitcoin will rule the world together with blockchain.
What you said was all true. But, I don't see all of these as the reasons to make Bitcoin Die. You knew that yourself. Bitcoin will always survive no matter what happens to it. it will surely find a way to recover. Bitcoin will make this World better than ever.
All the whining about the death of bitcoin is based only on the fact that the price falls. But everyone is losing sight of a really cool, relevant technology, which will soon be used all over the world, in every country. And it won't let him die.
This may be true, but there is certainly only one fact that the world of crypto money is not exactly spoken. It is necessary to read the market well, so it may be true that it is right.
Every day more and more people realize the benefits of bitcoin, its convenience, which is based on its unique technology. And it is this currency that develops more and more every day, without losing its relevance.
I don't think bitcoin can really die. This technology, which can unite the whole world, make payments safer and faster. He's too comfortable to let him die.
I can say that behind bitcoin are very serious and influential people whom we call whales. they will not let him down
Although if there are other electronic money that trasacts faster than bitcoin with less fees or no charge at all, bitcoin will remain a legend. Just my opinion though based on my point of view and from what I have learned. People continue to say that it will die then regret when it rises and expects it to fall. Those people have nothing to do but anticipate the future and waste a chance in the meantime.
Ok but looking at the situation on the market this year many of us can decide that it goes to the end. But there isn't any way to know this for sure and many people are just speculating one way or another.
Am not sure things will basically go down for bitcoin, yes for sure sentiments might set in and wondering life but let us not give up am sure bitcoin is definitely warming up for a boom rise beyond doubt and is very sure as i compared for it consistency of rise and fall within the same range for a while , things will change soon. If surely people are behind this downfall then their time will soon comw
Another FUD well packaged trying to get people to PANIC, i love panic sellers and i cant wait for them to pay attention and do the needful by throwing their asset for us to buy
If that is going to happen, i believe we're already gone in this world because bitcoin has a longer span of existence than we are in this planet. Bitcoin can exists even for a century because more and more adopters are coming in each year.
Bitcoin is not going to die because even then market down it will up again. Bitcoin is unique because they life for almost decade now and from very low price to highesy price. Bitcoin is really big difference to other coins. Bitcoin still alive and I believe it will increase the value of the bitcoin again. I hope bitcoin will get a lot of investor again and have a new project and many partners.
I do not own any bitcoin, but I knew about bitcoin 6 years ago, before most people even heard about it. Except I didn't buy it then, I was wrong about that prediction. So I am trying to see if I can make some money now.
But looking into the future, I am still not convinced about bitcoin. Before anyone get all defensive, I would like to know WHY you think it will go up. Because I would like to make some money too.
In my view, there are several problems:
1. Bitcoin value is all based on sentiment. Most people say it is under valued now, but that is only a reflection of how you feel about it. And this is fine, because in comparison most stock prices are irrational as well (especially these days). people make lots of money buying over valued stocks. But the problem I see is that the fear-of-missing-out sentiment has passed. Almost everyone know about bitcoin now. And they also know Bitcoin has dropped 70% of the value since its highest peak? Once someone get burned by something, the others will be a lot more cautious. And when people become rational about a investment that is built on sentiment, that is a huge problem for future growth. there are many examples of puffed up stocks crashing down to earth, and never to recover its value. The ones that can recover and soar in the long run all have great business fundamental to support its value, in other words "making money".
2. Bitcoin is no longer unique. Regardless of what people say, bitcoin is not like gold. Sure, the amount of bitcoin is finite, but it is not unique compared to other cryptocurrency. The only thing special about it, is the name itself. And there are tons of new cryptocurrencies now, and people can create infinitely more types, IF it is profitable. Correct me if I am wrong, what is the fundamental difference between a "bitcoin" and a "ripple" other than the value? nothing at all.
3. technology risks. There is always a possibility a more advanced cryptocurrency will emerge and completely outshine bitcoin. I believe there are already some cryptocurrency that transact faster than bitcoin? Not sure of the detail but I have read it somewhere. And when it happens again and again bitcoin will be wiped out. Remember we used to use CDs? tapes? camera films? Bitcoin was created almost a decade ago, that is a lifetime ago in the technology world.
other issues: practicality, and safety. It doesn't actually make paying for something easier, and some argue this is safer than traditional banking, well just look at the news of people lost coins or got hacked.
I do think it is possible for bitcoin to go up (not skyrocket though), but it seems the headwind is getting really strong. So why do you think you should hold on? Instead of just saying "it will go to the moon", "it will change the world", please provide reason.
But looking into the future, I am still not convinced about bitcoin. Before anyone get all defensive, I would like to know WHY you think it will go up. Because I would like to make some money too.
In my view, there are several problems:
1. Bitcoin value is all based on sentiment. Most people say it is under valued now, but that is only a reflection of how you feel about it. And this is fine, because in comparison most stock prices are irrational as well (especially these days). people make lots of money buying over valued stocks. But the problem I see is that the fear-of-missing-out sentiment has passed. Almost everyone know about bitcoin now. And they also know Bitcoin has dropped 70% of the value since its highest peak? Once someone get burned by something, the others will be a lot more cautious. And when people become rational about a investment that is built on sentiment, that is a huge problem for future growth. there are many examples of puffed up stocks crashing down to earth, and never to recover its value. The ones that can recover and soar in the long run all have great business fundamental to support its value, in other words "making money".
2. Bitcoin is no longer unique. Regardless of what people say, bitcoin is not like gold. Sure, the amount of bitcoin is finite, but it is not unique compared to other cryptocurrency. The only thing special about it, is the name itself. And there are tons of new cryptocurrencies now, and people can create infinitely more types, IF it is profitable. Correct me if I am wrong, what is the fundamental difference between a "bitcoin" and a "ripple" other than the value? nothing at all.
3. technology risks. There is always a possibility a more advanced cryptocurrency will emerge and completely outshine bitcoin. I believe there are already some cryptocurrency that transact faster than bitcoin? Not sure of the detail but I have read it somewhere. And when it happens again and again bitcoin will be wiped out. Remember we used to use CDs? tapes? camera films? Bitcoin was created almost a decade ago, that is a lifetime ago in the technology world.
other issues: practicality, and safety. It doesn't actually make paying for something easier, and some argue this is safer than traditional banking, well just look at the news of people lost coins or got hacked.
I do think it is possible for bitcoin to go up (not skyrocket though), but it seems the headwind is getting really strong. So why do you think you should hold on? Instead of just saying "it will go to the moon", "it will change the world", please provide reason.
All of this explanation of yours are the reflection of your belief in Bitcoin and also a reflections of your behavior towards into Bitcoin too.
Your basis was none sense and it doesn't make sense to me at all. Though the market now whether bitcoin or altcoins are in declining stage period but it doesn't mean it will going to die of course not! this is trading industry where volatility is more likely happen most of the time.
I have carefully examined your points they actually does not hold water, the existence of Bitcoin does not depend on the points you mentioned, Bitcoin is lord and has come to stay
Well I agree, bitcoin will stay and will continue to exists. Everytime price does not move people claims the end of bitcoin. I do not think the end rather bitcoin will grow hopefully the price this year end will explode. Jump to: