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Topic: Is bitcoin dead? - page 4. (Read 110801 times)

newbie
Activity: 138
Merit: 0
April 10, 2018, 08:36:49 AM
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?
...I think for this conclussion could make courageous to those people who were disappointed about the bitcoin and altcoins as well. For nowadays, crypto is still alive, because it has a potential to recover on any issues and has an advantage that could satisfy to those successful users.
full member
Activity: 265
Merit: 100
April 10, 2018, 08:22:13 AM
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?

I dont know but lets hope not because we are all hoping for the bitcoins rise before the year ends because we have holding and we want that to grow into the market and a lot of people are making these fall as an opportunity for them to buy bitcoins for the next pump so lets just not break their faith and nothing can lose if we put faith in bitcoins they are still the number one sonnothing tobbe scared on they are not dead yet they are just falling
newbie
Activity: 98
Merit: 0
April 10, 2018, 08:03:26 AM
Bitcoin is still alive for now. Their's a lot of people increase registered bitcoin daily. So for me bitcoin is not dead.
member
Activity: 812
Merit: 11
April 10, 2018, 02:30:50 AM
Price volatiling on bitcoin is usual. We must ever saw that bitcoin from $2000 down to $200 around 2015 and after that bitcoin price still growing and even reach $19000. Right now, bitcoin price on $6700 and I am believe its still healthy for bitcoin and for market. Maybe soon we will see bitcoin price reaching $20000 again, who knows right
member
Activity: 686
Merit: 39
April 10, 2018, 12:59:53 AM
Even though the price is crashed, bitcoin won't be dead. Bitcoin has many advantages that needed by it's user like p2p transaction, anonymous, global payment etc. Many people sees bitcoin more as a store value rather than as a payment tool so they think that bitcoin will dead if the price crashed. That's wrong. Bitcoin seems like it's faded away sometimes but it'll never die.
hero member
Activity: 1316
Merit: 379
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April 09, 2018, 10:41:14 PM
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?
Reading through the thread has given me hope. By the time of this post, I have very little idea of bitcoin. It seems that what is happening to bitcoin since early this year has severally happened in the past. Little wonder I keep seeing posts that history is repeating itself.
I have read also that bitcoin has been pronounced dead several times in the past and anytime it bounces back, it surpasses the previous high. This post has shown me that. I will keep my bitcoin.
newbie
Activity: 238
Merit: 0
April 09, 2018, 10:25:28 PM
A big price fall of Bitcoin has come after that it is showing the growth again. This is only price manipulate. We will not say that it's dying. Government policies and market conditions are continusly changing but Bitcoin still stand. It's not easy to die Bitcoin.
member
Activity: 226
Merit: 10
April 09, 2018, 10:08:09 PM
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?
Honestly bitcoin will never been dead because of what people really want to have a huge income and a very amazing interaction to every people.
jr. member
Activity: 105
Merit: 1
April 09, 2018, 09:41:55 PM
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?

NO! Bitcoin is not dead, its just in the midle crisis right now but i know it will cope up and regain it's highiest glory you'll see.. You'll never know it btc might be just the sleeping dragon.
sr. member
Activity: 511
Merit: 250
April 09, 2018, 09:21:11 PM
Bitcoin will never be dead even if the market price is low or high bitcoin will always recover. Bitcoin is used worldwide as a payment system, it is one of the powerful forms of currency and it is very useful
indeed the price will never die for now. but this is just a price reduction does not mean the price is dead. as I said. this is a downward trend in prices
full member
Activity: 504
Merit: 106
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April 09, 2018, 09:19:16 PM
The answer is NO. We all know that when a market goes up, its only natural that it will go down sometime. What others doesn't understand is that the decrease on price is good for bitcoin. It will provide opportunity for those who wants to invest and it can attract new investors (those people who will buy bitcoin/alts for the first time). The demand needs to increase. It can be done if the price will go lower. No one will buy bitcoin if it keeps on increasing like what happened last January.
member
Activity: 210
Merit: 10
April 09, 2018, 09:05:19 PM
bitcoin is going up and it will not be dead.
However, no one is certain on the future so there's still a chance that bitcoin might dump and eventually lose the support of the people, so
that is one thing to consider. As an investor we have to know the possibilities but we should be positive with the progress.
full member
Activity: 364
Merit: 100
April 09, 2018, 08:48:44 PM
Price just drop a bit, but it's not something scary, after correction to like 6000$ - 8000$ it will go up and will back to 13,000 - 14,000$, so now would be smart to wait and not sell bitcoins in panic and maybe even buy more or sold alts for btc.
legendary
Activity: 3220
Merit: 1363
www.Crypto.Games: Multiple coins, multiple games
April 09, 2018, 07:34:06 PM
I don't think so.
Falling prices or value for bitcoin occasionally is just natural for it - good thing even to buy bitcoin. As time pass by, it will
surely rise up as many people gain interest and invest on it
for profit.
Bitcoin has a great potential and many people are starting to see its worth.

I think that volatility is one of the good characteristics that Bitcoin has. It enables us to make profit from it within a short time frame when compared against other stable currencies like the Dollar. Of course, it has its risks since the price would decline all the way to zero. But, the instability in price makes it good for you to apply the buy low and sell high techniques, to help build your profit in the future.

It's important to remember that the price of each Bitcoin doesn't tell if it’s either alive or dead. What really determines its death is if many users stop supporting it, and it stops trading over the market. However, seeing that nodes are increasing every day, and people are becoming more interested in owning the pioneer cryptocurrency, it's hard to tell that it will die anytime soon.

Despite all of this, if another better cryptocurrency comes in which solves many of the underlying issues of Bitcoin, and it's backed by many governments and central banks worldwide, then the pioneer cryptocurrency could die by then. It's would be up to us, to make Bitcoin stronger each day by spreading the word about it, and supporting it with nodes, miners, and even development (if you have programming skills).

Nevertheless, only time will tell what lies ahead for Bitcoin's survival in the mainstream world. Just my thoughts Grin
member
Activity: 218
Merit: 10
April 06, 2018, 10:48:55 AM
I think no, how bitcoin will be dead if bitcoin continue to spread all over the world and how it'll be dead if bitcoin is popular now and there is a lot of people who are interested and wants to have a bitcoin account. Bitcoin is not dead because many people now wants to have bitcoin account to have a money, For me bitcoin will not be dead because bitcoin can help others to earn extra money.
member
Activity: 350
Merit: 12
April 06, 2018, 10:03:43 AM
Every time the bitcoin grows, it is a bubble; whenever it diminishes, it is dead.
The truth is that every time the bitcoin was given for dead, then it started to grow violently again. So, just wait patiently.
full member
Activity: 252
Merit: 100
April 05, 2018, 08:10:51 AM
I think the bitcoin is still dead.Only the market is trying to create speculation.These speculations are trying to kill bitcoin.But I do not think this is possible.
newbie
Activity: 98
Merit: 0
April 05, 2018, 07:25:02 AM
Some people has the mentality that they should not fail or lose and when they get into bitcoin too has the same mentality. This lets them to describe the price drops as a crash and if this lasts for a short time period then it's been termed as an death. Believe in it and sure you'll know that bitcoin won't die, it lasts longer than people predict
full member
Activity: 238
Merit: 100
April 05, 2018, 07:22:21 AM
Don't be too greedy and trying to manipulate the price OP
i dont think bitcoin is dead ,yes we should accept the fact that bitcoin market now are getting low and low but we should not loose hope, we should not say that bitcoin now is dead because of the price that is getting lower and lower, we should think positive.
full member
Activity: 560
Merit: 100
April 05, 2018, 07:19:41 AM
there is no reason for the dead bitcoin, the statement "Is the bitcoin dead?" is the assumption of panic that some people see the decline of very significant bitcoin after hold.
In fact I think bitcoin just needs improvement in a management system that has a legal body so the government can provide unlawful management actions so there is no risk of fraud when they invest in the crypto world. and now many countries want to facilitate legislation in state law when this happens, the possibility of bitcoin will be one tool of transactions like money but bitcoin can not replace money in its role
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