Topic: Did Bitcoin actually died ? Yes, more than 320 times already - page 8. (Read 21814 times)

Yes, you correctly noticed that bitcoin has already experienced such falls when the news was even worse. But now we see what he's capable of. Even if this fall takes a long time, we will still come to growth. Don't even doubt it.

Not really care it called die or what, i join bitcoin when it is on cheap price although not like when it first launched and price now still better than it. As long we can get profit from bitcoin it is worth to keep support it.

And this is the truth that has happened a great number of times:

https://cointelegraph.com/news/bitcoin-dies-for-the-300th-time-trading-at-7300

I am surprised that people are so surprised that the price has dropped by 80%. Just look at the historical charts to see that it has happened several times and I am sure that it will happen many times more ... 

How did you say that bitcoin died 320 times? Do you have basis? Or your basis was the dumping of value blog bitcoin?  Because if dumping is your basis you are wrong that is not the basis of being bitcoin died and bitcoin will never die. Bitcoin or cryptocurrency  was always fluctuated and this is normal and not the sign of 320 times died. You didn't understand what are you saying.

Blockchain does not care about the price of Bitcoin or what the media is saying about it - it just works and continues to create a new block of transactions every ten minutes. Until it stops, he is alive. It just keeps moving forward, one block at a time, step by step.

Bitcoin will die one day for sure but the fall from 6k to 4k can't be called as death. Just like the author says it died hundred times already, if to count every drop as death. I do not know when bitcoin will totally disappear, but what is happening today is not the end for sure.

That's right even though the price of bitcoin is decreasing it does not mean that bitcoin will die because this year not only does Bitcoin fall but all the coins also experience it, and I'm sure also later Bitcoin and other crypto will recover and soar too

It will never go to zero unless there are zero miners available for mining bitcoin till the time bitcoin is minable. But that is never going to happen. Bitcoin price has always been fluctuative since its inception. Those who have invested during late 2017, are probably crying foul if they are not identifying the current opportunity.

No one knows how far the current situation will go. In fact no one will be able to tell you for sure! All we can do is speculation. So I would refrain from doing that but I am not loosing my hope on bitcoin.

Bitcoin did not die and will not die. At least, not in the nearest future. The usefulness of bitcoin is not just in its worth as a store of value but also as a medium of exchange. It is worth much more than its daily fluctuations in value.

After ten years of staying in the market, Bitcoin has already proven that it is here to stay, and the market movements has become very common and should not be the reason for talks about bitcoin dying
I don't see it's value getting to the zero mark, it may not have physical value, but there are lots of supports which would keep the price above that range.

With the growing number of infrastructures and institutional investors in Bitcoin, I think it possesses substantial market value.

Tl;dr - bitcoin is never going back to zero. With the number of rise and falls bitcoin has had in its entire existence, it's not surprising anymore to see such steep falls and insane climbs. No matter how many financial experts state that bitcoin is dead after a steep fall, the market always decides otherwise, and we see it climb after a short while. With the number of infrastructures established and organizations involved, it's almost impossible for bitcoin to fall to zero no matter how hard the crashes be.

A certain disillusionment is affecting the crypto-active markets, while Bitcoin prices are flirting dangerously around $4,000. Since the record set in December 2017, its value has fallen by 78%, causing the American economist Nouriel Roubini, Bitcoin's well-known opponent, to say that "the mother of all bubbles has now burst". To say that he is going through a difficult period is a euphemism: it is no secret that a crypto winter has been installed. Nevertheless, Bitcoin's history has shown that every time he was promised death, it emerged stronger.

In traditional finance, a crash is generally defined as a fall of at least 10% in a single session. For Bitcoin, the volatility is such that it is not interesting to count them as it is customary to observe such variations.It is preferable to focus on correction periods, named after these more or less sudden downward movements, stopping a general upward trend, affecting assets that are probably overvalued. They may lack fundamental reasons or simply obey a profit-taking by investors. Here are all those that have exceeded 30%.

The worst correction observed occurred between November 2013 and January 2015, causing Bitcoin to lose 87% of its value in 411 days. This collapse is similar to the one currently underway, but 2014 was also marked by the bankruptcy of MtGox, at the time the world's leading trading platform (nearly 80% of flows). Many users had lost access to their Bitcoins, throwing a great wave of pessimism into the area. Nothing to do with 2018, as favorable news from Wall Street is accumulating.

The question now is how far will the 2018 correction go? Can it go to zero?

In the case of a company, even if it is bankrupt, the value of its walls or machinery prevents it from reaching this threshold. For Bitcoin, you have to ask yourself what its core value is.  What value can this have in Europe? Almost nothing, given that our banking system works relatively well. But the question must be asked differently in other parts of the world, such as Venezuela, where Bitcoin is increasingly being used to escape hyperinflation in the bolivar (the IMF expects +1,000,000% over the year). In Caracas, it is perceived as a store of value and a way out of an authoritarian state.

Bitcoin's weakness lies in the effectiveness of its protocol, which allows you to send value online without the need of a trusted third party. The level of his course is ultimately of enormous importance.