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Topic: Is bitcoin dead? - page 91. (Read 110801 times)

legendary
Activity: 3248
Merit: 1070
July 23, 2015, 06:05:15 AM
The biggest drawback of Bitcoin is its volatility, it gives a lot of inconvenience when calculating them.

it's more about the fact that many lost money with the last big pump, this is holding way back those people and many other from buying it, there is no other real reason, the rest it's only an excuse
sr. member
Activity: 420
Merit: 250
July 23, 2015, 05:37:35 AM
What's the point of this post, if Bitcoin was dead then this website wouldn't have posts.
legendary
Activity: 1946
Merit: 1007
July 23, 2015, 05:33:50 AM
The biggest drawback of Bitcoin is its volatility, it gives a lot of inconvenience when calculating them.

It is not even that volatile anymore.. The Euro and USD also had their fair share of swings.. Dropping % points a day..
legendary
Activity: 1610
Merit: 1008
July 23, 2015, 05:18:38 AM
The biggest drawback of Bitcoin is its volatility, it gives a lot of inconvenience when calculating them.
hero member
Activity: 728
Merit: 500
July 23, 2015, 05:08:19 AM
bitcoin is not dead and never will be dead, as even if the price would go down to a few cents per each it would still be a currency as at least a small amount of people would be interested in it including me


Exactly the people who are using it, will continue to use it no matter what  the world speaks about the bitcoins, as they are using it and have faith in it, and as a bitcoin user we should always have faith and should support bitcoins then only it will regain its value.

and why you use bitcoin instead of fiat currency?
Just one of the advantages is that it's more efficient regarding international money transfer
member
Activity: 98
Merit: 10
error
July 23, 2015, 04:27:53 AM
bitcoin is not dead and never will be dead, as even if the price would go down to a few cents per each it would still be a currency as at least a small amount of people would be interested in it including me


Exactly the people who are using it, will continue to use it no matter what  the world speaks about the bitcoins, as they are using it and have faith in it, and as a bitcoin user we should always have faith and should support bitcoins then only it will regain its value.

and why you use bitcoin instead of fiat currency?
hero member
Activity: 784
Merit: 500
July 22, 2015, 09:24:18 PM
bitcoin is not dead and never will be dead, as even if the price would go down to a few cents per each it would still be a currency as at least a small amount of people would be interested in it including me


Exactly the people who are using it, will continue to use it no matter what  the world speaks about the bitcoins, as they are using it and have faith in it, and as a bitcoin user we should always have faith and should support bitcoins then only it will regain its value.
legendary
Activity: 2562
Merit: 1414
July 22, 2015, 07:01:01 PM
so in the worst case bitcoin will be used as an investments only by a niche market

The worst case will be dirt cheap and no value on it anymore. By value I mean that you can even convert it to any FIAT currency anymore however the actual value is still there. Security is a value itself and even if the price is dirt cheap , you can always use it to store your funds in form of BTC

I think we can all agree were far from dead, and seem to slowly go up in value.

Price of BTC should never be use as a standard measurement to measure if BTC is dead or not and this is practically wrong . The value is dependant with its price depending on how you look at it. If you are seeing it from the point of view as an investment then you are base-ing it from its price however due note that not everyone's point of view is the same. For some people, security is a value thus BTC provide a top security which is dependant from its price
legendary
Activity: 1456
Merit: 1000
July 22, 2015, 03:51:30 PM
bitcoin is not dead and never will be dead, as even if the price would go down to a few cents per each it would still be a currency as at least a small amount of people would be interested in it including me
That's true. The whole cryptoworld is based on BTC. BTC has the most users, highest volume. No chance to be changed with whatever
they are depending on the price not on its value so that they can say bitcoin is dead because of its price. Thats all the reason, and theres no more reason.

Yes, and the reason is the price fluctuation in bitcoins and that is the main reason that why people have started to believe that bitcoin is dead, but Still we cannot predict or comment that it is dead.


Mainly people keep close watch on bitcoins and little price down make them feel that its going to survive in the future. But We should give some more time to bitcoin as it will regain its position in coming years.

I don't think many people think bitcoin is dead.  Even at a value of 270 per btc that is far from dead.  Were talking about a decent amount of money depending on your holdings.

I think we can all agree were far from dead, and seem to slowly go up in value.
hero member
Activity: 952
Merit: 1000
July 22, 2015, 03:40:53 PM
bitcoin is not dead and never will be dead, as even if the price would go down to a few cents per each it would still be a currency as at least a small amount of people would be interested in it including me
That's true. The whole cryptoworld is based on BTC. BTC has the most users, highest volume. No chance to be changed with whatever
they are depending on the price not on its value so that they can say bitcoin is dead because of its price. Thats all the reason, and theres no more reason.

Yes, and the reason is the price fluctuation in bitcoins and that is the main reason that why people have started to believe that bitcoin is dead, but Still we cannot predict or comment that it is dead.

Mainly people keep close watch on bitcoins and little price down make them feel that its going to survive in the future. But We should give some more time to bitcoin as it will regain its position in coming years.
hero member
Activity: 798
Merit: 1000
Move On !!!!!!
July 22, 2015, 11:55:38 AM
Every investment good works in cycles. We are now close to one long negative cycle. Of course that the interest has vained a bit when prices are going down for a long time.

Just look at the VC fundings. They are breaking all the records this year. Do you think that business people would invest money in Bitcoin if Bitcoin was dying!

People (and by people i mean the clueless herd) can't focus their attention beyond the price of an asset to derive if its or not valuable. Meanwhile intelligent people keep buying cheap BTC and whales keep dropping money on VC fundings.

I completely agree, price is not the only thing. Especially not in the asset this young and revolutionary. For example this year, on most positive news, the price kept dropping. This is a great way to hide all the progress and for the most powerful people to load with cheap coins.

When Bitcoin was 600+, everybody was crying why is so expensive and praying to God while preaching how they would buy all the cheap coins when/if price crashes.

Now when we got  this correction, everybody is crying how the Bitcoin is dying. I guess this is just a human nature, nevdr satisfied.
hero member
Activity: 728
Merit: 500
July 22, 2015, 11:11:42 AM
bitcoin is not dead and never will be dead, as even if the price would go down to a few cents per each it would still be a currency as at least a small amount of people would be interested in it including me
That's true. The whole cryptoworld is based on BTC. BTC has the most users, highest volume. No chance to be changed with whatever
they are depending on the price not on its value so that they can say bitcoin is dead because of its price. Thats all the reason, and theres no more reason.
yeah. that's true. i've just forgotten to put it there
legendary
Activity: 3248
Merit: 1070
July 22, 2015, 11:09:14 AM
bitcoin is not dead and never will be dead, as even if the price would go down to a few cents per each it would still be a currency as at least a small amount of people would be interested in it including me

this is also proven by some other example like terracoin, despite many think that old altcoin are dead they are still there used for p&d, so in the worst case bitcoin will be used as an investments only by a niche market

something like this simply can not die
sr. member
Activity: 490
Merit: 255
July 22, 2015, 10:50:37 AM
bitcoin is not dead and never will be dead, as even if the price would go down to a few cents per each it would still be a currency as at least a small amount of people would be interested in it including me
That's true. The whole cryptoworld is based on BTC. BTC has the most users, highest volume. No chance to be changed with whatever
they are depending on the price not on its value so that they can say bitcoin is dead because of its price. Thats all the reason, and theres no more reason.
hero member
Activity: 728
Merit: 500
July 22, 2015, 10:43:25 AM
bitcoin is not dead and never will be dead, as even if the price would go down to a few cents per each it would still be a currency as at least a small amount of people would be interested in it including me
That's true. The whole cryptoworld is based on BTC. BTC has the most users, highest volume. No chance to be changed with whatever
hero member
Activity: 770
Merit: 509
July 22, 2015, 10:32:30 AM
Every investment good works in cycles. We are now close to one long negative cycle. Of course that the interest has vained a bit when prices are going down for a long time.

Just look at the VC fundings. They are breaking all the records this year. Do you think that business people would invest money in Bitcoin if Bitcoin was dying!

People (and by people i mean the clueless herd) can't focus their attention beyond the price of an asset to derive if its or not valuable. Meanwhile intelligent people keep buying cheap BTC and whales keep dropping money on VC fundings.
sr. member
Activity: 406
Merit: 250
July 22, 2015, 08:02:42 AM
bitcoin is not dead and never will be dead, as even if the price would go down to a few cents per each it would still be a currency as at least a small amount of people would be interested in it including me
hero member
Activity: 798
Merit: 1000
Move On !!!!!!
July 22, 2015, 07:34:26 AM
Every investment good works in cycles. We are now close to one long negative cycle. Of course that the interest has vained a bit when prices are going down for a long time.

Just look at the VC fundings. They are breaking all the records this year. Do you think that business people would invest money in Bitcoin if Bitcoin was dying!
legendary
Activity: 1134
Merit: 1000
July 22, 2015, 03:15:15 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?

Don't agree at all. Maybe there is not the bum of Mt Gox but bitcoin will never die. More than a currency bitcoin is a technology which will disrupt to many things and technologies. This disruption is the most strong warranty that bitcoin will always have a future, Facts that Microsoft, Dell and other giants adopted or are in the way to adopting it are the most evident proof of this.
legendary
Activity: 3248
Merit: 1070
July 22, 2015, 03:06:50 AM
i think this year will be critical..  by the end of this year we will know if bitcoin will rule or if will die.

we already know then, because it is rising nicely, a good price correction for every new rise

the true year where bitcoin need to prove itself is 2016 not 2015, with the halving, if by that point bitcoin is stills truggling to reach 300, then you know that something went wrong
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