It is so funny when thinking about the death of BTC because it doesn't boost up again like it was in 2017. Let's laugh together for this joke.
Well, mate, whoever you are, a senior member of the Bitcoin community or whoever you are, why should you become just that kind of panic? Are you really panic or you can want to make people panic? And, you wish people will sell their BTC soon?
Nowadays, many people have been smarter and more careful in facing the hype and also FOMO or even FUD.
As we know, BTC is now something common, many people have already known about this crypto, and not that kind of hype as in 2017. Additionally, the BTC price probably doesn't increase so significantly. But, we can see the progress of the BTC price, so smooth.
So, why should be considered dead because of that matter? Nonsense.
Topic: BTC is Going to "DEAD....!" Need Discussion..... - page 5. (Read 1223 times)
Good question. we all have to understand about bitcoin because bitcoin is a virtual currency and digital asset so we can't all be sure when bitcoin will fluctuate like all other cryptocurrencies because no one can control the stock market, so I don't think bitcoin will die.
Having the right knowledge can make money for you despite of the trend in the market, those who bought because of the hype will not last in the market because they know nothing and depends only to the signal, but those who know bitcoin can literally say that this market will not die in the next decade despite of uncertainties, we know the market will always go up and down, we have to ride that trend. 
The OP claims to be this member -> https://bitcointalksearch.org/user/dvyanc-352185
Lost his password?
Judging by the post history a signature spammer...
You're too fast to pull the trigger, looking at his post history he seldom joins sig camp but social media campaign.
I see posts like
Quote
What is the best coin?
Quote
What do you think best coin is
from a person wearing a signature and I pull the trigger. Maybe too fast maybe not...
Good question. we all have to understand about bitcoin because bitcoin is a virtual currency and digital asset so we can't all be sure when bitcoin will fluctuate like all other cryptocurrencies because no one can control the stock market, so I don't think bitcoin will die.
It is a little bit more clear to me on the technical analysis than it is on the fundamental. Although, I can not state the exact reasons why it got to the all time high of $19800 in 2017 but i believe the prices were running way higher than expectation as people were yet to get to the reality of the existence of bitcoin. Looking at the technical analysis, there exists a resistance somewhere arouund the $12000+ region and this is the second time it is retesting that region, I am strongly belieivng that the next retest will breakout or take a full nose dive.
agree with your opinion, it took bitcoin several times to break through $ 12K to stay there for a long time so it is certain that the journey to increase is imminent.
although there is still a long time to go until the end of the year and it is possible for bitcoin to fall back down.
but after that bitcoin momentum will run quickly to continue up to $ 15K at the end of the year and not stop there bitcoin will move better until next year. and we'll see to it that 2017 will repeat itself and maybe over 2017.
It is a little bit more clear to me on the technical analysis than it is on the fundamental. Although, I can not state the exact reasons why it got to the all time high of $19800 in 2017 but i believe the prices were running way higher than expectation as people were yet to get to the reality of the existence of bitcoin. Looking at the technical analysis, there exists a resistance somewhere arouund the $12000+ region and this is the second time it is retesting that region, I am strongly belieivng that the next retest will breakout or take a full nose dive.
I agree - quick sell all your coins now while the price is low. If you ask me nicely, I might even buy them from you to help you out.
For me, I'll prefer to hold than to sell it in that price.
I believe that bitcoin's price will increase again and it will reach another ATH again maybe next year.
I'd rather hold it than to sell it because this is the only asset that I prioritize. I also hold altcoins but I must say that BTC is not dead because it reached $12k last month which is a good sign that bitcoin is really moving. The only question is that, until when we will hold it? Predictions are hard to rely on but the important thing is to hold your btc as long as you can.
2017 is the year a lot of people started venturing into investing in bitcoin and it is very overhyped especially altcoin. People bring a lot of money into crypto which makes the price keep rising. During this period bitcoin and altcoin created a lot of media attention which bring more people into investing in the coin. Today, crypto has gone up and down and there has never been any overhyping that surpassed the previous year
it still works equally as well if the price is $0.01 USD or $100,000.00 USD.
People ain't interested in if it works or not or its tech.
People interested in bitcoin's price.
If you told people that rice prices will always go up in the next 10 years, people would store rice in every hole they could.
And if btc was $0.01, nobody would give a damn about it anymore. Only the junkies maybe. Back to the original state of crypto
Hi BTC Community Friends
Since last two yrs from today's date ie 04-09-2020
why BTC is Hanged up between $6000 to #12000
While From 01-08-2017 to 31-12-2017
BTC Shoot up from $2857 to $19495
it is just 4 months Duration.......
while from last two yrs whole community is trying/hoping
that
BTC will reach again more than at its actual level ie 20K...
whole community together is trying to boost BTC......
but every efforts of whole community doesn't work.
Why....
it is not boost up again.......
if we will not analysis this situation
then it might be possible that in near future
we have to spent more BTC to buy only "Single PIZZA"
Need Healthy Discussion......
Regards
Matrix.Max
(Formally know as Dvyanc)
Sr. Member of Bitcoin Community.
Since last two yrs from today's date ie 04-09-2020
why BTC is Hanged up between $6000 to #12000
While From 01-08-2017 to 31-12-2017
BTC Shoot up from $2857 to $19495
it is just 4 months Duration.......
while from last two yrs whole community is trying/hoping
that
BTC will reach again more than at its actual level ie 20K...
whole community together is trying to boost BTC......
but every efforts of whole community doesn't work.
Why....
it is not boost up again.......
if we will not analysis this situation
then it might be possible that in near future
we have to spent more BTC to buy only "Single PIZZA"
Need Healthy Discussion......
Regards
Matrix.Max
(Formally know as Dvyanc)
Sr. Member of Bitcoin Community.
You need to stop placing so high an emphasis on price. As with all markets/stock/commodities and so on prices move upwards and downwards based on supply and demand and market conditions, just because something drops in value doesn't mean it is going to die. The only way BTC or anything else for that matter could die is if people no longer feel it is of use to them or provides no more value to them, all this is irrelevant of the price of the product itself.
Based on what you have written it seems that you don't really understand the concept of Bitcoin and have most likely purchased more than you are comfortable with and at a higher price then it is at today and you are now simply panicking.
This is unfortunately true for many people on here who buy into bitcoin something based on the encouragement of friends/colleagues or after having read some foolish news article.
Case in point (https://www.nytimes.com/2018/01/13/style/bitcoin-millionaires.html)
I miss these kinds of posts guys!
As far as I know, the first thread I read about this is a member with a name with Quack on it, I kind of forget it. So, everyone has their opinion with these changes, with these sudden drops all I know is that it will keep on pushing forward and it will push harder in the incoming months as this is the best time for us to reinvest.
As far as I know, the first thread I read about this is a member with a name with Quack on it, I kind of forget it. So, everyone has their opinion with these changes, with these sudden drops all I know is that it will keep on pushing forward and it will push harder in the incoming months as this is the best time for us to reinvest.
I don't see any reason why we should compare what happened in the past to the current situation we have now. Bitcoin was too overhype way back then perhaps because a lot of people invest in it as the news explode regards with Bitcoin. Bitcoin was still unpredictable, no one really knows what might exactly happen, yeah we can speculate or make our own analysis but this only has a low chance to happen. Moreover, I have my opinion that we're just only the beginning, Bitcoin may surge soon so try to be more patient.
Hype are always there as it is part of how the crypto market works and with regards to your subject that btc is going to dead, I am not so sure whether it will eventually to happen because as of this moment there is a very small chance that it will happen.
The demand of bitcoin is there and it's dominance is still sitting at 50% so it is very opposite to what is your subject all about. Every efforts will not be wasted even if it doesn't
work as of this moment but it will eventually work in the following months or years as I am pretty sure that what happen last 2017 will likely to happen again. That is how the market works and this will continue as long as the investors,traders,holders and etc. will continue to earn a profit.
The demand of bitcoin is there and it's dominance is still sitting at 50% so it is very opposite to what is your subject all about. Every efforts will not be wasted even if it doesn't
work as of this moment but it will eventually work in the following months or years as I am pretty sure that what happen last 2017 will likely to happen again. That is how the market works and this will continue as long as the investors,traders,holders and etc. will continue to earn a profit.
Whats there to discuss?
All you ever search about was the good year of the Bitcoin you need to move on bro yeah Bitcoin had a huge hype back in 2017 but it wasn't really a good growth you could see that it went down drastically because people didn't really have a proper knowledge about what they are investing in.
Back then people are just riding the hype doesn't really know what it is exactly and that is the reason why we had so many people crying about crypto being scam later on.
You also forgot to mention that it took 7 years before it hit $20K and expecting it to go up there again after it had a huge fall?
I think you are one of the weak hands who always have a negative thoughts about Bitcoin on it would only turn into worthless crypto or so on.
All you ever search about was the good year of the Bitcoin you need to move on bro yeah Bitcoin had a huge hype back in 2017 but it wasn't really a good growth you could see that it went down drastically because people didn't really have a proper knowledge about what they are investing in.
Back then people are just riding the hype doesn't really know what it is exactly and that is the reason why we had so many people crying about crypto being scam later on.
You also forgot to mention that it took 7 years before it hit $20K and expecting it to go up there again after it had a huge fall?
I think you are one of the weak hands who always have a negative thoughts about Bitcoin on it would only turn into worthless crypto or so on.
It's still a healthy movement.
I think you are expecting too much which is a problem. You should stop that.
Rush profits will just end up into something worse. This is not HYIP. This is bitcoin we are talking about.
But no worries, I have been on that position before until I learn more in this forum.
If you are a former Senior Member here then I bet you also did.
Anyway, this might not be a bitcoin discussion so it must be moved.
I think you are expecting too much which is a problem. You should stop that.
Rush profits will just end up into something worse. This is not HYIP. This is bitcoin we are talking about.
But no worries, I have been on that position before until I learn more in this forum.
If you are a former Senior Member here then I bet you also did.
Anyway, this might not be a bitcoin discussion so it must be moved.
Bitcoin will be dead if you are a Bitcoin hater it is already dead for you. I guess you might have invested in Bitcoin at the time when it reached its ATH in 2017 or early 2018 and from that date till now you might be holding your coins for it to again reach the same price point.
Venting out your frustration will not make your money come back. Hodling patiently and believing in the project will help you.
People always comparing the bitcoin price reached before and up to the present. Indeed this Op might bought the price of btc when it reaches at peak, and it's not going to be dead if the current price take long to have the all time high. For those who believes in Bitcoin will just stay and will patiently hold. That's the mindset for those people who didn't believe in bitcoin assume to be dead and don't have value. Venting out your frustration will not make your money come back. Hodling patiently and believing in the project will help you.
If we embrace 5G and 6G, there is a chance for Bitcoin. But it will take an extreme amount of Hard Drive memory if Bitcoin really goes worldwide. The blockchain is tremendously large right now. If Bitcoin were traded anything like the Forex ($5 trillion per day), can you imagine how large the blockchain would be? Anybody who wanted to run a full node would have to have more than hundreds of Terabytes of space. The Internet couldn't handle the congestion without 5G, and later, 6G.
There is no question at all that 5G will be something that will become quite common in the coming years - if you want to be competitive in the market you have no choice but to accept new technologies, regardless of their possible harmfulness. What is perhaps even more problematic with the 5G network is the significantly higher consumption of electricity - so we already have cases where in China 5G transmitters are turned off in a certain period of time in order to save energy.
Here might be the reason for Bitcoin strength in the near future, even though BTC will probably die later. Go to the site and see the real workings going on in China.
I think you are too pessimistic, Bitcoin will always adapt to new conditions and advances in technology and take advantage of it. China may have too much influence on mining at the moment, but that is slowly changing and I believe that changes for the better will take place in that sector as well. The next 10 years could be crucial for positioning Bitcoin in the global market, and if we look at how much progress has been made in the first 10 years of existence, I have no doubt that Bitcoin will exist as long as the Internet exists.
You know what's a more healthier discussion? Is about the development of Bitcoin that would help it's user and future users. Stop comparing and discussing the price of Bitcoin in 2017 and the current price since 2017 was the year where Bitcoin was overhyped as an investment by a scammer and the year of airdrops and ICO where it's still a thing full of innovation and not scammers.
People Like OP is nothing but a Bounty Hunter in which looking for a Bullrun hoping that His shitcoins onhold will have value and might Bring Him becoming rich instantly.Why not Move on from 2017?why it seems that the market needs to claim the 20k price of Bitcoin or even higher?
do we forget what is Bitcoin?this is currency and not an asset,this is why we are not adopted worldwide until now because of these stupid kind of conversation that continuously blinding people around here.
Sounds like desperate guy who want an instant money quadrupled from $1,000 to $4,000 overnight.
I understand your frustration but you have to be a little more patient abd I'm sure it'll paid off later , remember the last time bitcoin halving what's happened? Yeah it's not instant impact but a couple years later something crazy happened as you said the bitcoin price surge from just $2,800 to $19,000 within 4 months.
That similar event could still coming in the next few years or i'd say within 1 year? A lot of miners are holding in their bitcoin as selling them right now is a loss , so that's it.
I understand your frustration but you have to be a little more patient abd I'm sure it'll paid off later , remember the last time bitcoin halving what's happened? Yeah it's not instant impact but a couple years later something crazy happened as you said the bitcoin price surge from just $2,800 to $19,000 within 4 months.
That similar event could still coming in the next few years or i'd say within 1 year? A lot of miners are holding in their bitcoin as selling them right now is a loss , so that's it.
Bitcoin will be dead if you are a Bitcoin hater it is already dead for you. I guess you might have invested in Bitcoin at the time when it reached its ATH in 2017 or early 2018 and from that date till now you might be holding your coins for it to again reach the same price point.
Venting out your frustration will not make your money come back. Hodling patiently and believing in the project will help you.
Venting out your frustration will not make your money come back. Hodling patiently and believing in the project will help you.
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