Bitcoin isn't dying, it's alive. - page 4.

Obari

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Quote from: Zlantann on November 23, 2022, 09:53:17 AM

Quote from: Rjakash on November 23, 2022, 06:57:23 AM

Bitcoin has passed the stage where tweets or comments from celebrates like Musk would have a meaningful impact on its price. Bitcoin is gradually becoming independent from external forces.

Musk isn't a true believer of Bitcoin and I agree totally with that and it is really truly that Bitcoin has gone passed the stage of having any meaningful impact over tweet made by celebrities.
I doubt if Satoshi even has any great impact on Bitcoin directly as the founder because of the decentralized nature of Bitcoin.
Bitcoin has come to stay and that is why is the most preferred coin and crypto generally accepted .
Bitcoin in the past has witnessed a whole lot of ups and downs and also risen to over $60k and just as every other currency and assets, the price of Bitcoin is also determined by the supply and demand of it and as a believer all we have to do is to continue holding and not panic.

Kakmakr

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Yes, I watched a financial discussion on the morning show a few days ago ...and the financial advisor said.. most financial instruments are struggling at the moment, but it is the best time to buy.

He said in the last decade, we have seen only a few times when the global markets dipped like this... example : Post 9-11 / Financial crisis / Post Covid pandemic / Russia & Ukraine War.

So you have a choice.... Buy stocks or shares or Fiat on Forex markets OR buy cheap bitcoins. Which one do you think, have the most potential to recover the most. Wink

Iranus

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Quote from: CryptoPanda on November 23, 2022, 04:39:48 PM

Lol I find it funny that this is even a valid topic. How does the current price of bitcoin determine if bitcoin is dying or not? Bitcoin is a volatile currency, the price has never been stable. There have been worse bearish seasons in the past and we recovered from it and went up to 60k$. No one was making such comments when the market was high, check the wall observer thread we were all anticipating bitcoin at 100k$. That didn’t happen, we still believe it will happen though.

I'm not going to talk about bitcoin's $100k target but I also find it funny that when bitcoin is at $16k and people say it's dying, maybe people don't know the concept of the word dead. Bitcoin's existence depends on our needs, as long as we still use it daily, it will always exist even if bitcoin drops below $100. Bitcoin has been around for 13 years and will continue to exist, I dare say bitcoin will not die, only investors who don't believe in bitcoin will leave the market. Don't ask how long bitcoin will last, ask how long you will stay in the market.

adzino

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Quote from: Rjakash on November 23, 2022, 06:57:23 AM

We can see the price of Bitcoin is going down gradually but no one wants to understand it depends on your stock market it is also a digital currency through digital transactions and it is currently in bad condition Elon Musk said in 1 reply on Twitter. Bitcoin is as cold as winter you have to wait for this of course bitcoin price may go up at the end of this winter so be patient everyone. So if we all wait and if we all hold on to what we have, it's going to get $30,000 to $40,000 by the middle of the year and get to a very good price and it could get to a hundred if we hold it tight, so everybody's disappointed. Let's save Bitcoin by holding instead.

Of course it isn't dying. But every time bitcoin starts to drop, people start saying that bitcoin is dead. It is those same people who never invested in bitcoin or those who invested in bitcoin to get rich over night but ended up selling at loss. And then there are people that had the opportunity to invest but didn't and now they like to spread FUDs out of bitterness and spite. Bear market isn't something new. Keep holding and invest as much as you can during the bear market and you won't regret a thing!

Bazzu

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bitcoin, of course, will surely live as long there still is, enthusiasts, buyers and holders. so if someone says bitcoin is dead it is very wrong.

but this time we have to defend the bitcoins that we have so that we become winners in the future. because usually people who can't stand it will definitely lose. but if we hold tight, we will surely win.and will reap the fruit of our labor. but to hold and hold the strong
Of course it's not easy, especially for beginners.

dunfida

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Quote from: Stalker22 on November 23, 2022, 05:47:57 PM

I do not think its fair to say that the current price of bitcoin is a referendum on its "survival". If you have been following bitcoin for relatively short time, you might feel as if everything is going downhill. The price keeps falling, and as a result, fewer people are using it. Bitcoin, then, is dying, right? Not quite. Although the price of bitcoin does indicate how well bitcoin is doing, it's not the only indicator, and probably not even the best one.

This might not be updated but how many times where Bitcoin told to be dead?
https://99bitcoins.com/bitcoin-obituaries/

From Bitcoin Obituaries - "Bitcoin is Dead" Declared 400+ Times

People would normally be saying up these lines when on extreme doubt and fear basing up on what
they are currently experiencing.So its not something new imho.

Stalker22

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I do not think its fair to say that the current price of bitcoin is a referendum on its "survival". If you have been following bitcoin for relatively short time, you might feel as if everything is going downhill. The price keeps falling, and as a result, fewer people are using it. Bitcoin, then, is dying, right? Not quite. Although the price of bitcoin does indicate how well bitcoin is doing, it's not the only indicator, and probably not even the best one.

CryptoPanda

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Lol I find it funny that this is even a valid topic. How does the current price of bitcoin determine if bitcoin is dying or not? Bitcoin is a volatile currency, the price has never been stable. There have been worse bearish seasons in the past and we recovered from it and went up to 60k$. No one was making such comments when the market was high, check the wall observer thread we were all anticipating bitcoin at 100k$. That didn’t happen, we still believe it will happen though.

len01

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try occasionally removing the word Elon musk from bitcoin, to be honest sometimes my eyes get tired reading it. because the price of bitcoin will not be affected by anyone. (sorry oot)

btw you said the price goes down gradually and saves wastage by holding bitcoins. I think the gradual decline in price is a good opportunity to buy and collect bitcoins at a low price and hold onto them until the bulls roll in.

teosanru

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Quote from: Rjakash on November 23, 2022, 06:57:23 AM

We can see the price of Bitcoin is going down gradually but no one wants to understand it depends on your stock market it is also a digital currency through digital transactions and it is currently in bad condition Elon Musk said in 1 reply on Twitter. Bitcoin is as cold as winter you have to wait for this of course bitcoin price may go up at the end of this winter so be patient everyone. So if we all wait and if we all hold on to what we have, it's going to get $30,000 to $40,000 by the middle of the year and get to a very good price and it could get to a hundred if we hold it tight, so everybody's disappointed. Let's save Bitcoin by holding instead.

Relax, people are not going to understand no matter what you say, the chickens are going to go out of the market for sure, and only then there is going to be an actual boom in the market till then we are going to struggle in these areas only, and these chickens will then come back when we are at the all-time high to say that we sold at this much otherwise we would have become this much rich. It requires really big guts to go through the crypto winter, not because prices can go very low, but because they can stay low for pretty long and much longer than what you expect.

South Park

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Quote from: Rjakash on November 23, 2022, 06:57:23 AM

We can see the price of Bitcoin is going down gradually but no one wants to understand it depends on your stock market it is also a digital currency through digital transactions and it is currently in bad condition Elon Musk said in 1 reply on Twitter. Bitcoin is as cold as winter you have to wait for this of course bitcoin price may go up at the end of this winter so be patient everyone. So if we all wait and if we all hold on to what we have, it's going to get $30,000 to $40,000 by the middle of the year and get to a very good price and it could get to a hundred if we hold it tight, so everybody's disappointed. Let's save Bitcoin by holding instead.

Bitcoin does not need to be saved because it is not facing a crisis, do not make the mistake to assume that because there are people losing money with their bitcoin investments that somehow this is a problem for bitcoin, this is a problem for those that bought bitcoin not taking into account that they could lose money or that they are too impatient to let bitcoin do its thing and eventually reevaluate, bitcoin is as strong and as solid as it has always been and nothing needs to be done about it.

Hamphser

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Quote from: Rjakash on November 23, 2022, 06:57:23 AM

We can see the price of Bitcoin is going down gradually but no one wants to understand it depends on your stock market it is also a digital currency through digital transactions and it is currently in bad condition Elon Musk said in 1 reply on Twitter. Bitcoin is as cold as winter you have to wait for this of course bitcoin price may go up at the end of this winter so be patient everyone. So if we all wait and if we all hold on to what we have, it's going to get $30,000 to $40,000 by the middle of the year and get to a very good price and it could get to a hundred if we hold it tight, so everybody's disappointed. Let's save Bitcoin by holding instead.

No one knows on where it would be heading and no one really knows on what the future looks like.If you do really have trust towards Bitcoin then it would really be your choice whether you would be risking on accumulating it or you would really be just skipping it because you are just afraid?
Bitcoin had died many times already but eventually we are still here and currently up and running.It wont die as long it does have the support on which it could really still make out
those recovery.
This is where risk taking would take place on which it will vary on each person because not all could really be able to take risk on such manner specially if they are
really that seeing or experience long crypto winter.This is a matter of choice and a matter of on how much you do believe on it.
There's no assurance about tomorrow but we arent blind on not to see its potential.

albon

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Quote from: Rjakash on November 23, 2022, 06:57:23 AM

We can see the price of Bitcoin is going down gradually but no one wants to understand it depends on your stock market it is also a digital currency through digital transactions and it is currently in bad condition Elon Musk said in 1 reply on Twitter. Bitcoin is as cold as winter you have to wait for this of course bitcoin price may go up at the end of this winter so be patient everyone. So if we all wait and if we all hold on to what we have, it's going to get $30,000 to $40,000 by the middle of the year and get to a very good price and it could get to a hundred if we hold it tight, so everybody's disappointed. Let's save Bitcoin by holding instead.

Bitcoin was affected by many negative events this year, which led to a drop in its price to $16,000, and because of the FUD that afflicted investors after the collapse of the FTX platform and they were forced to panic sell at a loss and leave the market. Investing in bitcoin requires patience, trust, and not worrying, its price may pump at the end of winter or next year and it may reach more than $40,000. It is only a matter of time, so all we have to do is HODL bitcoin and never sell at all costs because the results of that holding will really be worth all this waiting. Just be optimistic. Bitcoin is not dead yet and it never will be.

buwaytress

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Kinda got lost in the Elon Musk twitter mix, but do you really think we all "save Bitcoin" simply by holding it?

Spenders are the real unsung heroes. Giving and proving Bitcoin's everlasting use as a payment method. Yeah, it's a store of value, but the truth of that only holds in the long term. Which is fine and great, but many other shitcoins tried that and failed, because zero utility backing that holding simply doesn't work.

Simplycallmecollins

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Bitcoin, like other crypto, is bound to go low at some point. It's the "king of crypto" due to how high it went. But there isn't exactly a figure Bitcoin is supposed to get to. We're merely just hoping goes up for our own benefits.
What's the figure it should get to in order to be considered "alive" or "dead". It's merely rising and falling.

blockman

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Let's stop using Elon Musk as a reference to the situation of the market. Yes, his words sometimes are relevant but the obvious thing is that we're in a bear market and the situation isn't really good when it comes to these times. And bitcoin has been told hundred times that it's dead and that doesn't make sense because it recovers no matter how harsh the words are that we see from celebrities, bearish popular people, and the media. It ain't dying and just wait a couple of years and everyone will see how it surpasses back to its former all-time high.

tjtonmoy

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If you keep focusing on a single person being the cause of BTC's bear and bull market then you think of this as a centralized platform. Elon Musk may say this and that, but not everything he says should be taken literally.
BTC brings freedom to it's users. If you focus on one person for it's price movements, then you are just an investor who wants to double their money.
Keep believing on BTC and you will see what can it do in the future.

coinycoiny

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Quote from: Rjakash on November 23, 2022, 06:57:23 AM

We can see the price of Bitcoin is going down gradually but no one wants to understand it depends on your stock market it is also a digital currency through digital transactions and it is currently in bad condition Elon Musk said in 1 reply on Twitter. Bitcoin is as cold as winter you have to wait for this of course bitcoin price may go up at the end of this winter so be patient everyone. So if we all wait and if we all hold on to what we have, it's going to get $30,000 to $40,000 by the middle of the year and get to a very good price and it could get to a hundred if we hold it tight, so everybody's disappointed. Let's save Bitcoin by holding instead.

....or it could continue down. Save your money by selling instead.

2stout

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Yes Bitcoin is truly alive, just look at the volume traded and exchanged. It's the same shit every crypto winter, oh Bitcoin is dead, crypto is finally done and while the FUD is being spread, a lot of these same institutions helping spreading FUD are accumulating. Then once the winter is over, FOMO kicks in hard.

Zlantann

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Quote from: Rjakash on November 23, 2022, 06:57:23 AM

We can see the price of Bitcoin is going down gradually but no one wants to understand it depends on your stock market it is also a digital currency through digital transactions and it is currently in bad condition Elon Musk said in 1 reply on Twitter. Bitcoin is as cold as winter you have to wait for this of course bitcoin price may go up at the end of this winter so be patient everyone. So if we all wait and if we all hold on to what we have, it's going to get $30,000 to $40,000 by the middle of the year and get to a very good price and it could get to a hundred if we hold it tight, so everybody's disappointed. Let's save Bitcoin by holding instead.

There have been a lot of speculations and predictions about the price of Bitcoin in this bear market season. Most of them a based on assumptions and not backed by facts. Elon Musk's comments are irrelevant because he is not a true Bitcoin believer. Bitcoin has passed the stage where tweets or comments from celebrates like Musk would have a meaningful impact on its price. Bitcoin is gradually becoming independent from external forces. Like you rightly said, our responsibility as true believers of this great cryptocurrency is to keep hodling until we come to the end of this challenging period. If I have extra money, I would take advantage of the low price and invest more on Bitcoin.

Topic: Bitcoin isn't dying, it's alive. - page 4. (Read 727 times)