Topic: Is bitcoin dead? - page 108. (Read 110801 times)
It's not dead, you can't stop it anymore. But there have been and there will be periods of time when BTC is a bit down and looks like has no future but it will rise again.
everyday more people entering this world. more people getting bitcoins.more news spreading around the world. i think its just born. maybe in future its not going to be most usable coin but its sure gonna be the god of the coins
During this coin is still mined and people are still many who use it, I think bitcoin will not be that easy to die.
Bitcoin prices fell and the price rises are used, there is no correlation between the death bitcoin with prices stagnant and down.
As well as other matters relating to the technical and safety issues for bitcoin itself, I think it will not be that easy
Bitcoin prices fell and the price rises are used, there is no correlation between the death bitcoin with prices stagnant and down.
As well as other matters relating to the technical and safety issues for bitcoin itself, I think it will not be that easy
Is it really hackers though? My impression has been that many of the biggest / most notorious failures of major players in bitcoin have been due to the operators of a "business" either running a scam from the beginning, running an honest business for a while but then deciding to run with the money, or just being plain incompetent and failing. Karpeles ended up with how many millions after Gox was "hacked"? Pretty easy to "hack" something if you're the one running it. In other words.. it's not the hackers, but the businesses themselves, that are the problem.
I'm as much a fan of small government and individual freedom as the next person who tried out bitcoin, but the reality seems to clearly indicate that regulation and oversight is needed.
I'm as much a fan of small government and individual freedom as the next person who tried out bitcoin, but the reality seems to clearly indicate that regulation and oversight is needed.
Simple answer: NO, or not yet
The year 2015 has been very rough for bitcoins. From a price of $314 per coin on New Year’s Day it slumped 43 per cent to a low of $177.
Mt. Gox, the world's largest bitcoin exchange, suddenly announced that hundreds of millions of dollars worth of bitcoins were stolen last month. This isn't the only one. But I believe in the future bitcoin and other cryptocurrency will still have a prominence and potential to "rebound" back into the economy.
The year 2015 has been very rough for bitcoins. From a price of $314 per coin on New Year’s Day it slumped 43 per cent to a low of $177.
Mt. Gox, the world's largest bitcoin exchange, suddenly announced that hundreds of millions of dollars worth of bitcoins were stolen last month. This isn't the only one. But I believe in the future bitcoin and other cryptocurrency will still have a prominence and potential to "rebound" back into the economy.
That's part of the problem though. These big exchanges announcing that millions of Bitcoin are stolen is not good for the concept. What person would want to adopt the currency knowing that a corporation can be taken down by hackers?
Yes, the biggest problem of all is security, hackers is everywhere in Bitcoin, personal wallets can be hacked, even the biggest exchanges could be hacked too.
If people get involved with Bitcoin, security problem can be quite costly. Why people would use a currency that can't even be safe.
Simple answer: NO, or not yet
The year 2015 has been very rough for bitcoins. From a price of $314 per coin on New Year’s Day it slumped 43 per cent to a low of $177.
Mt. Gox, the world's largest bitcoin exchange, suddenly announced that hundreds of millions of dollars worth of bitcoins were stolen last month. This isn't the only one. But I believe in the future bitcoin and other cryptocurrency will still have a prominence and potential to "rebound" back into the economy.
The year 2015 has been very rough for bitcoins. From a price of $314 per coin on New Year’s Day it slumped 43 per cent to a low of $177.
Mt. Gox, the world's largest bitcoin exchange, suddenly announced that hundreds of millions of dollars worth of bitcoins were stolen last month. This isn't the only one. But I believe in the future bitcoin and other cryptocurrency will still have a prominence and potential to "rebound" back into the economy.
That's part of the problem though. These big exchanges announcing that millions of Bitcoin are stolen is not good for the concept. What person would want to adopt the currency knowing that a corporation can be taken down by hackers?
I keep hearing bitcoin daily everywhere i go in my friend's hedge fund office, most people are definitely paying attention.
Reply for the OP, just for fun I have find this site : http://www.isbitcoindead.com/
I disagree with your conclusion because we are still in an "experiment" bitcoin as "currency" is only ~6 years "old".
It is not a bitcoin problem, it is a third party problem. The hackers are attacking the exchange, the web wallet .... not the bitcoin protocol itself.
I think it is.
Bitcoin use adoption has stalled. Media interest has dissipated. Prices have only slowly continued to decline for a long time now. ... Mining has been concentrated in the hands of a few giant players, eliminating much of the advantage/security/democracy of thousands of individuals being the money processors. Alternative forms of online payment with US dollars (and other fiat currencies) are now cheaper, faster, and more secure than bitcoin (and of course far more usable to buy/sell real goods/services), eliminating any of its advantages as a payment system. Continued decline of bitcoin and strength in fiat currencies has put the lie to the idea of bitcoin as a store of value; there are far better more reliable hedges against inflation. Meanwhile the real economy is firing on all cylinders, stock markets are at all time highs, corporate earnings are higher than ever, unemployment is low, etc. Even amid the boom, no one cares about bitcoin any more. Bitcoin was a fad that lasted a few years, and is now on its way to being forgotten.
Thoughts? Anyone seriously disagree with this conclusion?
Bitcoin use adoption has stalled. Media interest has dissipated. Prices have only slowly continued to decline for a long time now. ... Mining has been concentrated in the hands of a few giant players, eliminating much of the advantage/security/democracy of thousands of individuals being the money processors. Alternative forms of online payment with US dollars (and other fiat currencies) are now cheaper, faster, and more secure than bitcoin (and of course far more usable to buy/sell real goods/services), eliminating any of its advantages as a payment system. Continued decline of bitcoin and strength in fiat currencies has put the lie to the idea of bitcoin as a store of value; there are far better more reliable hedges against inflation. Meanwhile the real economy is firing on all cylinders, stock markets are at all time highs, corporate earnings are higher than ever, unemployment is low, etc. Even amid the boom, no one cares about bitcoin any more. Bitcoin was a fad that lasted a few years, and is now on its way to being forgotten.
Thoughts? Anyone seriously disagree with this conclusion?
I disagree with your conclusion because we are still in an "experiment" bitcoin as "currency" is only ~6 years "old".
Bitcoin securities have always been and still are a complete mess, with a near 100% failure (scam/fraud/incompetence/etc) rate.
It is not a bitcoin problem, it is a third party problem. The hackers are attacking the exchange, the web wallet .... not the bitcoin protocol itself.
Bitcoin will not die because of price, I mean asic mining can die because of price but not bitcoin itself. Bitcoin will die if it will not improve (size of blockchain ,etc) , not gain mass adoption and some crypto coin or even more bizzare representation of value comes forward and will look so good that everybody jumps to it. Either way i think crypto is the way to go and even if bitcoin dies it will be because we have something even better. 
If mining is over how would be blockchain secured? More that, wide adopted bitcoin will need adequate amount of hashrate.
Bitcoin will not die because of price, I mean asic mining can die because of price but not bitcoin itself. Bitcoin will die if it will not improve (size of blockchain ,etc) , not gain mass adoption and some crypto coin or even more bizzare representation of value comes forward and will look so good that everybody jumps to it. Either way i think crypto is the way to go and even if bitcoin dies it will be because we have something even better.
If mining is over how would be blockchain secured? More that, wide adopted bitcoin will need adequate amount of hashrate.
Bitcoin will not die because of price, I mean asic mining can die because of price but not bitcoin itself. Bitcoin will die if it will not improve (size of blockchain ,etc) , not gain mass adoption and some crypto coin or even more bizzare representation of value comes forward and will look so good that everybody jumps to it. Either way i think crypto is the way to go and even if bitcoin dies it will be because we have something even better.
what are you talking about? bitcoin dead?
its panic someone who just know to bitcoin, after decreasing price bitcoin will go to the moon.
im really sure bitcoin will be worth $1000 .
its panic someone who just know to bitcoin, after decreasing price bitcoin will go to the moon.
im really sure bitcoin will be worth $1000 .
Bitcoin keeps growing:
https://ip.bitcointalk.org/?u=http%3A%2F%2Fblog.bitpay.com%2Fimg%2Fbitpayandbitcoininfographic.png&t=550&c=49XD4dVjV4Hiww
As you can see, the price can be decieving towards the objective good news that are happening. Whales are slow-buying to keep the price down while scared clueless guys sell their cheap coins.
https://ip.bitcointalk.org/?u=http%3A%2F%2Fblog.bitpay.com%2Fimg%2Fbitpayandbitcoininfographic.png&t=550&c=49XD4dVjV4Hiww
As you can see, the price can be decieving towards the objective good news that are happening. Whales are slow-buying to keep the price down while scared clueless guys sell their cheap coins.
Bitcoin is dead when there is only 1 user left on the planet. With two users it would be a damn small network, but a working network none the less. I'll never stop using it. Can I get a second user for life?
Hell yeh i am that second user for life buddy
but you never needed it because as long as it was/is alive to you and you are the only user then it is still technically alive even if that is only to you. I love these death threads for a afternoon giggle... 
This question is usually left to the newbies not a sr, have you just brought that account or did you forget to create a shill 
Bitcoin is dead when no new money comes in to it, no development, no more transactions, investments the price does not really matter in the scheme of things only to those that are in for a quick buck.
Cheers up op you sound so gloomy
Bitcoin is dead when no new money comes in to it, no development, no more transactions, investments the price does not really matter in the scheme of things only to those that are in for a quick buck.
Cheers up op you sound so gloomy
Bitcoin is dead when there is only 1 user left on the planet. With two users it would be a damn small network, but a working network none the less. I'll never stop using it. Can I get a second user for life?
To have a working network you don't need to have more than 1 user left. Also, there are a lot faucets that would work even if there is only 1 user left on the planet, or none at all (bitcoin zombie world of sorts).
Bitcoin is dead when there is only 1 user left on the planet. With two users it would be a damn small network, but a working network none the less. I'll never stop using it. Can I get a second user for life?
One question. Bitcoin could theoretically die if its price goes too low right? Because mining would be not profitable anymore, without mining there would be no transactions and that would be the end, am i wrong or am i right
Go back to Bitcoin 101 class.
As miners exit, the difficulty drops, so one earns more coins with the same computing power. There is always an equilibrium point above 0 miners.
I think it is.
Bitcoin use adoption has stalled. Media interest has dissipated. Prices have only slowly continued to decline for a long time now. Bitcoin securities have always been and still are a complete mess, with a near 100% failure (scam/fraud/incompetence/etc) rate. Mining has been concentrated in the hands of a few giant players, eliminating much of the advantage/security/democracy of thousands of individuals being the money processors. Alternative forms of online payment with US dollars (and other fiat currencies) are now cheaper, faster, and more secure than bitcoin (and of course far more usable to buy/sell real goods/services), eliminating any of its advantages as a payment system. Continued decline of bitcoin and strength in fiat currencies has put the lie to the idea of bitcoin as a store of value; there are far better more reliable hedges against inflation. Meanwhile the real economy is firing on all cylinders, stock markets are at all time highs, corporate earnings are higher than ever, unemployment is low, etc. Even amid the boom, no one cares about bitcoin any more. Bitcoin was a fad that lasted a few years, and is now on its way to being forgotten.
Thoughts? Anyone seriously disagree with this conclusion?
Do you even check the news?Bitcoin use adoption has stalled. Media interest has dissipated. Prices have only slowly continued to decline for a long time now. Bitcoin securities have always been and still are a complete mess, with a near 100% failure (scam/fraud/incompetence/etc) rate. Mining has been concentrated in the hands of a few giant players, eliminating much of the advantage/security/democracy of thousands of individuals being the money processors. Alternative forms of online payment with US dollars (and other fiat currencies) are now cheaper, faster, and more secure than bitcoin (and of course far more usable to buy/sell real goods/services), eliminating any of its advantages as a payment system. Continued decline of bitcoin and strength in fiat currencies has put the lie to the idea of bitcoin as a store of value; there are far better more reliable hedges against inflation. Meanwhile the real economy is firing on all cylinders, stock markets are at all time highs, corporate earnings are higher than ever, unemployment is low, etc. Even amid the boom, no one cares about bitcoin any more. Bitcoin was a fad that lasted a few years, and is now on its way to being forgotten.
Thoughts? Anyone seriously disagree with this conclusion?
http://www.ibtimes.com/21-inc-secret-bitcoin-startup-raises-116m-latest-funding-round-1842374
You need to recheck your assumptions.
Really? Gox? Last month? That was like a year and a half ago, not last month, can't keep blaming stuff on Gox forever. Unfortunately, Mt. Gox was not the only scam... from my experience, the overwhelming majority of bitcoin-related businesses are scams, frauds, failures, etc. And, given that this is unlikely to change, it will continue to be a major problem with bitcoin.
The tide is turning slowly. Sometime during this year there'll be multiple exchanges that are run properly by legit people.
As for the business side of things, it's disheartening to see people still fall for the same old shit over and over again. I don't have much sympathy for those who pile in but hopefully some mass wisdom will develop.
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