Topic: Is bitcoin dead? - page 81. (Read 110801 times)
No, it's not dead. We are now long past that $1200 price bubble, mt gox ,SR . Now it is a serious project for the elite minds of the world to hone
I don't know how you come to that conclusion but It's far from being dead if you were to ask me. And talk about media interest, there has been an active discussion going on news site not specifically onto btc alone. And the news site won't certainly write about the topic if there's no interest whatsoever in it.
http://blogs.wsj.com/briefly/2015/03/04/the-future-of-bitcoin-the-readers-weigh-in-at-a-glance/
http://www.cnbc.com/id/102476273
http://blogs.wsj.com/briefly/2015/03/04/the-future-of-bitcoin-the-readers-weigh-in-at-a-glance/
http://www.cnbc.com/id/102476273
Yes, if we talk about Bitcoin from media's perspective, it is dead but wait! all that media does isn't correct....right? As far as media is concerned, it is dead. However, as far as potential is concerned, it is not.
I see Bitcoin becoming huge tho, but it will take at least 1 to 2 more halvings, then we MUST reach 4 to 5 figures per Bitcoin, it's mathematically unavoidable if more fiat money enters the system (even 6 figures is possible with less than 1% of fiat inside the BTC ecosystem).
Reality is where mathematics fails miserably. When, according to mathematics, we "must reach 4 to 5 figures per Bitcoin", there may be no more Bitcoin at all, wtf...
No. Bitcoin is not dead. Don't you see that it's constantly moving? What I mean is bitcoin is just surpassing a phase where it has to go down because of the actions of people but it has more to pass through. Bitcoin will move to another phase and more in the future and who knows what bitcoins can achieve. Bitcoin is like a work in progress for it's users.
I think the fiat era is been over.
Most people are too drugged up on their own dellusions though and waiting for hope. Some people see things differently I understand but many are uneducated on what fiat money really is lol. So bitcoin users like us will profit pretty healthy.
Most people are too drugged up on their own dellusions though and waiting for hope. Some people see things differently I understand but many are uneducated on what fiat money really is lol. So bitcoin users like us will profit pretty healthy.
Fiat will never be over as long as people and governments all around the world keep accepting it. I don't see people saying "no thanks, I don't want your dollars" anytime soon.
I see Bitcoin becoming huge tho, but it will take at least 1 to 2 more halvings, then we MUST reach 4 to 5 figures per Bitcoin, it's mathematically unavoidable if more fiat money enters the system (even 6 figures is possible with less than 1% of fiat inside the BTC ecosystem).
bit coin is going to pass to a difficult period cause the low value and the negligent people using to crime and terror the coin does this but might get better depending on its investitors.
The technology that enables Bitcoin and similar 'currencies' is rock solid and will change many, many things. From the technology platform perspective - can't ever die. The idea of a block chain as a technology is here to stay, regardless of which crypto currency ultimately takes hold.
I guess you'd better stop copy-pasting other users' posts lest you get banned by the mods
No, it's not dead. The technology that enables bitcoin and similar currencies is rock solid and will change many many things. I'll go far to say that Bitcoin-from the technology platform perspective,can't ever die. The idea of blockchain as a technology is here to stay,regardless of which crypto currency ultimately takes hold.
The reason why people instantly assume that bitcoin may be dying or is dead, is because of the extremely volatile price. Since the mtgox crash in 2013/2014 the prices have been on a decline. This is purely due to the numbers coming back to where they are supposed to be.
I estimate around 700-800k $ for bitcoin price if the total global GDP goes into it.
So that is also unlikely so I guess a 25000-50000$/ btc is a more likely scenario in the next 10-15 years.
So that is also unlikely so I guess a 25000-50000$/ btc is a more likely scenario in the next 10-15 years.
I'm curious when the school starts in your quarters
There will be always skeptics, even if btc hits again 1000$, they will say that its another bubble and that it will pop too and die.
$1000 is still nothing. It could be squashed flat and the rest of the world wouldn't care less at that price level.
Ok but last time it didnt even hit 1000$ it was probably 870$ or something, because the mt gox guys have manipulated the prices with fake accounts.
Plus back then there were less bitcoins.
Now if it hits 1000$ that would be a 14,556,000,000$ market cap, which is not peanuts.
Its far bigger than any other newbie project in any sort of fintech, so the world would start to grab attention by then.
After it hits 100 billion $, then it will start to be really serious.
Imagine the capital that needs to be solidly into bitcoin to push the price to 100 billion..... does it feel like that kind of money is running into bitcoin, or even close? No way in hell this thing is going anywhere for a long time.
I always thought the halving will be the catalyst, however, I think the number of coins mined has nothing to do with the current price. So halving will do nothing, if anything it will tank after the halving.
There will be nothing new in bitcoin land unless bitcoin itself improves in a way that a whole lot of people will value. I see nothing on the horizon that is that type of improvement. Nothing. It will happen, but I think we are 5-10 years from anything significant changing.
Who said anythng here about 100 bil bitcoin price, thats pretty impossible, and probably the dollar will be hyperinflated by then if it happens.
I estimate around 700-800k $ for bitcoin price if the total global GDP goes into it.
So that is also unlikely so I guess a 25000-50000$/ btc is a more likely scenario in the next 10-15 years.
well transaction volume is still there no real increase, so we are not making any progress from that side, bitcoin simply need more time to grow
and it should detach it self from dirty and criminal use in some way, but if everytime there is a bad news we fall of 33%, then we are a bit doomed..
and it should detach it self from dirty and criminal use in some way, but if everytime there is a bad news we fall of 33%, then we are a bit doomed..
Transaction volume is on a gradual uptrend.
https://blockchain.info/charts/estimated-transaction-volume?daysAverageString=7
You are right, in the sense that with time there will be gradual increase. But Bitcoin's price has stopped reacting to bad news now.
Bitcoin's price has always reacted to news, be it good or bad. However, the intensity of these ups and downs have reduced marginally when measured through volume. So, in simple words, the market is still as sensitive as it could ever be, only its consequences aren't as consistent as they used to be. Also, click 'all time' when you're seeing that chart on block chain. Interesting, right?
well transaction volume is still there no real increase, so we are not making any progress from that side, bitcoin simply need more time to grow
and it should detach it self from dirty and criminal use in some way, but if everytime there is a bad news we fall of 33%, then we are a bit doomed..
and it should detach it self from dirty and criminal use in some way, but if everytime there is a bad news we fall of 33%, then we are a bit doomed..
Transaction volume is on a gradual uptrend.
https://blockchain.info/charts/estimated-transaction-volume?daysAverageString=7
You are right, in the sense that with time there will be gradual increase. But Bitcoin's price has stopped reacting to bad news now.
i think bitcoin can survive for decades or centuries imo
it still just facing issues now as what i can see
it still just facing issues now as what i can see
The only way that bitcoin could actually die would be if nobody was willing to operate the mining infrastructure. Bitcoin is not dying, it is only in its baby steps. The reason why people instantly assume that bitcoin may be dying or is dead is because of the extremely volatile price. Since the MtGox crash in 2013 the prices have been on a decline. This is purely due to the numbers coming back to where they are supposed to be.
Its taken 2 years to recover apparently.
And its still going, so I assume when we have a better exchange that helps us out or some other major adoption will help.
Yes bitcoins not accepted in main stream then surely after some time it will go down for ever. If it is accepted for main stream transactions then it will grow.
The more people use bitcoin,the more it becomes stronger.Prices may go down but it value would always be higher compared to fiat money of many countries
well transaction volume is still there no real increase, so we are not making any progress from that side, bitcoin simply need more time to grow
and it should detach it self from dirty and criminal use in some way, but if everytime there is a bad news we fall of 33%, then we are a bit doomed..
The more people use bitcoin,the more it becomes stronger.Prices may go down but it value would always be higher compared to fiat money of many countries
it becomes stronger? I dont know about that man.
you can see how price movments are based on whales not us regular small time users. The value goes based on manipulation 90% of time seeing from bitcoin history.
Every situation invites more speculation, the reason bitcoin is functioning right now is because there are opportunities for bitcoin to be given away, and people are earning bitcoins over the internet to support their life, that is the reason bitcoin is functioning. When there wouldn't be such opportunities, I think bitcoin would be demoralized and disregarded long before coins even get an opportunity to be mined maturely.
I think the fiat era is been over.
Most people are too drugged up on their own dellusions though and waiting for hope. Some people see things differently I understand but many are uneducated on what fiat money really is lol. So bitcoin users like us will profit pretty healthy.
Most people are too drugged up on their own dellusions though and waiting for hope. Some people see things differently I understand but many are uneducated on what fiat money really is lol. So bitcoin users like us will profit pretty healthy.
The more people use bitcoin,the more it becomes stronger.Prices may go down but it value would always be higher compared to fiat money of many countries
it becomes stronger? I dont know about that man.
you can see how price movments are based on whales not us regular small time users. The value goes based on manipulation 90% of time seeing from bitcoin history.
The more people use bitcoin,the more it becomes stronger.Prices may go down but it value would always be higher compared to fiat money of many countries
it becomes stronger? I dont know about that man.
you can see how price movments are based on whales not us regular small time users. The value goes based on manipulation 90% of time seeing from bitcoin history.
The more people use bitcoin,the more it becomes stronger.Prices may go down but it value would always be higher compared to fiat money of many countries
I still remember those days when btc was $1000 above and I was a newbie struggling for earning some bitcoins from faucets. Those days are really a golden one.
I still cannot understand that what is the exact reason for decrease in btc prices so low.
Not enough demand. That's the only reason that counts. General disillusionment is a factor too. It would be very interesting to see what would've happened if Gox had continued to function and China had left the market to it.
that demand will everntually come some where though.
If gox was still up, I think people would still be buying.. there was so many people thinking it was going to go over $1k.. all that hype.. good old days lol.
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