Bitcoin's concept is very different from an ordinary scam scheme. It was designed to be a decentralized global currency, it has a usage, it makes transactions worldwide simpler, less bureaucratic and accessible for everyone who have just internet connection.
On the other hand, scam schemes consist in a person taking everyone's money and sharing it with the first investors, while the last ones lose money... A very simple and mediocre concept to be compared to Bitcoin.
Topic: Bitcoin started to Die. - page 2. (Read 347 times)
It has been slowly dying now because people do not believe on it already.
Just because the price doesn't go up it doesn't mean that people have given up on bitcoin. It's true that there's no hype or interest from the general public but it's mainly related to how slow this year has been, one the bear market is over and we see a clear reversal from bearish to bullish, you can be sure that bitcoin will attract a lot more people.Bitcoin has no use and only few of the establishment uses bitcoin as a form of payment system and as an asset for the users.
Merchants are adopting Bitcoin as payment everyday, just because you don't see it, doesn't mean that it's not happening. And we're actually making some progresss regarding bitcoin as a payment option, for example, merchants using Coingate are now able to receive payments via lightning network [1], this is a major step forward as there's no doubt that more and more merchants will be interested in accepting btc as a payment method in the future.1. https://www.forbes.com/sites/billybambrough/2018/09/05/bitcoin-adoption-is-getting-a-massive-lightning-network-boost/#4a45a1c420c7
Honestly, even I am not professional with this crypto or bitcoin normal motion, I am optimistic that the person behind will not allow bitcoin to die. This means that the decline could be part of strategy to let bitcoin talk everywhere in this planet. The decline is not the indicator to die rather the indication that possible increase could happen.
I think this decline is not a sign of bitcoin's death, bitcoin only lowers the price and it won't easily die because too many people believe it and even want to have it.
It is not dying as it is established already as a payment method in many places.
Bitcoin has not yet begun to die because many investors are still looking at the value of bitcoin prices today and investors believe that once the bitcoin price is back then the money they earn will be enough.
As other investment scam being introduced from all other parts of the world bitcoin could be consider one of them. It has been slowly dying now because people do not believe on it already. Why? Bitcoin has no use and only few of the establishment uses bitcoin as a form of payment system and as an asset for the users.
I am also starting to think like that since Bitcoin is steadily flowing down without stop and may not come back again.
simply the fact that so many newbies are calling bitcoin dead these days it means that bitcoin is stronger than ever because it has attracted all kinds of people not just those who invested in early days who silently keep buying bitcoin but also a lot of newbie kids who think spreading nonsense about bitcoin can help them buy more of it. looking at this board these days you can see at least a dozen of them hard at work every day. 
Your thinking is wrong I believe never Die Bitcoin,
Bitcoin cryptocurrency king he never die,
now market dump soon come back bitcoin raise again just wait and see
Bitcoin cryptocurrency king he never die,
now market dump soon come back bitcoin raise again just wait and see
As other investment scam being introduced from all other parts of the world bitcoin could be consider one of them. It has been slowly dying now because people do not believe on it already. Why? Bitcoin has no use and only few of the establishment uses bitcoin as a form of payment system and as an asset for the users.
YEAH, bitcoin has no one using it or believing in it. It's so right that your opinions are representative of the whole population. Whatever would we do without your great wisdom to guide over us?
Seriously. How many of you guys come here just to spread negativity wasting our time and your own.
It's booming on some parts of the world in terms of usability, and no, price alone isn't enough of an indicator to say that bitcoin is dying as infrastructures and businesses using at are still on the rise. One of the main reason as to why bitcoin lost its footing above $10k is the exhaustion of the money that came in from VC funding, futures market and the Gox trustee using the exchanges in selling a ton of its coins for the compensation of its funders that lost their money on the 'hack'. Most of the faint-hearted weak hands have already left the market, but the pioneers are still on the game, with institutional investors stepping in boldly.
Maybe try and watch some long-term charts instead of focussing just on the 2018 ones?
All I'm seeing is steady growth. Sure, use of Bitcoin as a payment processor can be greatly improved upon, but we're on the right track for that.
Disruptive new technologies like Bitcoin take years, even decades to fully mature. It's still way too soon to say whether it has failed or not.
Edit:
Just a few months ago you were saying this:
All I'm seeing is steady growth. Sure, use of Bitcoin as a payment processor can be greatly improved upon, but we're on the right track for that.
Disruptive new technologies like Bitcoin take years, even decades to fully mature. It's still way too soon to say whether it has failed or not.
Edit:
Just a few months ago you were saying this:
Quote
Yeah it is really true that cryptocurrency is always risky but it is still worth it especially for those who take the risk. For those who feared about cryptocurrency then well just let them be because they dont know how much worth to enjoy the moment you take the profit though it might also end up losing on some of your money yet investing in a smart way could be successful like buying crypto when market price has fallen and sell it when market price is high.
People use bitcoin as a form of payment and it is a fact and they also see the prospect of buying it. In the market, the correction and fall is normal this does not mean that bitcoin will not start to grow and people who do not believe in it and begin to sell will be very strong to regret it. I think so !
If you are saying this just due to the price decline of bitcoin, they you should probably be saying the same thing for 99.99% other cryptos as well. The entire market is going down including bitcoin. It is not the exceptional case where only bitcoin is going down, so correct your statement as "Cryptos started to die" as that makes more sense to others!
Accepting bitcoin as a payment method is a different ball game all together! It is not because of the pricing of bitcoin but because of the unclear legal framework. In majority of the countries no clear legal framework has been given and that's the reason why businesses are not showing interest to accept bitcoin as a payment method. You visit Singapore and Japan and you can literally spend for all kind of expenses using bitcoin there because the governments are supportive to bitcoin.
It is not the fault of the coin, instead it is just the fault of the government and the policy makers who failed to understand the potential! The current phase of bitcoin is an opportunity phase. Those who will understand they will silently buy instead of screaming out of fear, those who fails to understand, will exit! At the end of the day, there is one winner only because opportunities are not for everyone to devour!
Accepting bitcoin as a payment method is a different ball game all together! It is not because of the pricing of bitcoin but because of the unclear legal framework. In majority of the countries no clear legal framework has been given and that's the reason why businesses are not showing interest to accept bitcoin as a payment method. You visit Singapore and Japan and you can literally spend for all kind of expenses using bitcoin there because the governments are supportive to bitcoin.
It is not the fault of the coin, instead it is just the fault of the government and the policy makers who failed to understand the potential! The current phase of bitcoin is an opportunity phase. Those who will understand they will silently buy instead of screaming out of fear, those who fails to understand, will exit! At the end of the day, there is one winner only because opportunities are not for everyone to devour!
As other investment scam being introduced from all other parts of the world bitcoin could be consider one of them. It has been slowly dying now because people do not believe on it already. Why? Bitcoin has no use and only few of the establishment uses bitcoin as a form of payment system and as an asset for the users.
You are wrong. The number of businesses accepting Bitcoin is actually increasing.
I will give you 2 examples from this year:
1. 130 Coffee Shops in Europe Started to Accept and Sell Crypto
2. Pay Taxes With Bitcoin? Ohio Says Sure
Yes, the market looks bad right now. But Bitcoin is far from dying.
If you don't believe in Bitcoin, don't publish fake news. This a just correction. After that Bitcoin will recover it's own price again. Just wait and see what happens after few days.
As other investment scam being introduced from all other parts of the world bitcoin could be consider one of them. It has been slowly dying now because people do not believe on it already. Why? Bitcoin has no use and only few of the establishment uses bitcoin as a form of payment system and as an asset for the users.
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