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Topic: Is bitcoin dead? - page 96. (Read 110801 times)

legendary
Activity: 1582
Merit: 1006
beware of your keys.
July 11, 2015, 07:48:39 AM
i guess not.

until bitcoin gone rarely seen..
hero member
Activity: 714
Merit: 500
July 10, 2015, 11:56:41 PM
short answer no, just a little crisis due to the price being low/many lost huge amount of money because they bought at the peak, taxes being a problem, and other small stuff

just a despair phase that is very long apparently

Thank you  at least some one said it . It is only going through some petty issues for the moment it will not be stuck there forever !  Bitcoin is very alive and it will have a long and healthy life with lots of prosperity ok . So calm down because the phase will be gone
Woke up today and saw it $10 more then when I went to bed. Whoa! What a jump. Has it jumped that high in less than an 8 hour span before? Not from what I can remember, but I hopped on board the btc train only 10 months ago.

Glad you jumped on the 'btc train' before it left the station too soon, haha. Yes, there have been much faster, much much higher spikes like the 2009 spike. Go search about it, it was the biggest jump for btc and the fastest one too. People who nearly forgot about their little investments became instant millionaires through bitcoins, man. Crazy spike and hope it happens someday soon, so prepped up for it Wink
sr. member
Activity: 356
Merit: 250
July 10, 2015, 07:24:02 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?
BTC is the first project of it's kind in human history. All these  beginning stage problems will be overcome
full member
Activity: 168
Merit: 100
July 10, 2015, 02:36:56 PM
You have posted on March about speculative thoughts about Bitcoin, now the Bitcoin prices gear to higher rates, to be true, we have to look at the Bitcoin as a technology which would help us to resolve our economic structure rather than as instant earnings.
sr. member
Activity: 434
Merit: 250
July 10, 2015, 01:46:35 PM
guys...today price BTC=273$...yupi!! BTC come back to life...step by step Smiley

But it'll probably fall back down once the excitement has calmed down then people will be back proclaiming it to be dead again.

People are still excited with bitcoin. The price is over $299 now.
newbie
Activity: 42
Merit: 0
July 10, 2015, 01:33:40 PM
short answer no, just a little crisis due to the price being low/many lost huge amount of money because they bought at the peak, taxes being a problem, and other small stuff

just a despair phase that is very long apparently

Thank you  at least some one said it . It is only going through some petty issues for the moment it will not be stuck there forever !  Bitcoin is very alive and it will have a long and healthy life with lots of prosperity ok . So calm down because the phase will be gone
Woke up today and saw it $10 more then when I went to bed. Whoa! What a jump. Has it jumped that high in less than an 8 hour span before? Not from what I can remember, but I hopped on board the btc train only 10 months ago.
sr. member
Activity: 336
Merit: 250
July 10, 2015, 09:44:00 AM
short answer no, just a little crisis due to the price being low/many lost huge amount of money because they bought at the peak, taxes being a problem, and other small stuff

just a despair phase that is very long apparently

Thank you  at least some one said it . It is only going through some petty issues for the moment it will not be stuck there forever !  Bitcoin is very alive and it will have a long and healthy life with lots of prosperity ok . So calm down because the phase will be gone
sr. member
Activity: 350
Merit: 250
July 10, 2015, 05:54:06 AM
guys...today price BTC=273$...yupi!! BTC come back to life...step by step Smiley

3 days and now the price of 1 btc is 290 $. The fluctuation is working our way, despite how much ltc has been boosting, nobody gives a fuck about it in real life. Nobody buys shit with it, no acceptance, nothing cool about it, just another crypto clone coin shit. All the big whales are controlling it, its just hump and dump for em', people will know soon!
hero member
Activity: 700
Merit: 500
July 10, 2015, 04:42:10 AM
BCT is not dead, Watch LTC jumping  <$1 to >$7   in less of two months,BTC  could very soon do  the same anytime.

BTC will not do the same as the market cap is too big. It is not controlled by a few big whales.

Well it could still rise a few multiples seeing as it was at 420 only a few months ago and 600 before that
Seeing it regain ground over the same amount of time is not completely out of the question, but perhaps at a slower pace.
sr. member
Activity: 434
Merit: 250
July 10, 2015, 04:27:51 AM
BCT is not dead, Watch LTC jumping  <$1 to >$7   in less of two months,BTC  could very soon do  the same anytime.

BTC will not do the same as the market cap is too big. It is not controlled by a few big whales.
legendary
Activity: 938
Merit: 1000
July 09, 2015, 03:38:40 PM
BCT is not dead, Watch LTC jumping  <$1 to >$7   in less of two months,BTC  could very soon do  the same anytime.
legendary
Activity: 2562
Merit: 1414
July 07, 2015, 05:29:40 AM
As for the price it does look stable and rising now its just a matter of how long the trend lasts to determine roughly what the moving average and new stable range will become.

As a matter of facts, the price hasnt stabilized yet and the waves are still ongoing , probably it will last for another 2x24 hours or more before the price actually stabilize itself. It is clearly shown a strong potential to be over $250 by this point even if the price is going to decline and this shown a potential for those who thought BTC is dead based on the price that BTC isnt dead yet ( some people based wether BTC is dead or not on its price, which is an irony )

As for how long this waves gonna last, probably this will keep on lasting until there is a clear green light from the greece about their economic state. Mostly thanks to the Greece situation that most people actually speculate on this and this could be the reason on why the price has been taking a huge step
hero member
Activity: 700
Merit: 500
July 07, 2015, 03:59:24 AM
guys...today price BTC=273$...yupi!! BTC come back to life...step by step Smiley

But it'll probably fall back down once the excitement has calmed down then people will be back proclaiming it to be dead again.

not at the previous point, a price correction is established already, at best we can fall at 250, which is still a good price compared to the last one before the whole greece thing happened

Its always nice at the end of the day to see an appreciation in the price of Bitcoin adoption and the rest aside.
As for the price it does look stable and rising now its just a matter of how long the trend lasts to determine roughly what the moving average and new stable range will become.
legendary
Activity: 3248
Merit: 1070
July 07, 2015, 03:10:56 AM
guys...today price BTC=273$...yupi!! BTC come back to life...step by step Smiley

But it'll probably fall back down once the excitement has calmed down then people will be back proclaiming it to be dead again.

not at the previous point, a price correction is established already, at best we can fall at 250, which is still a good price compared to the last one before the whole greece thing happened
newbie
Activity: 21
Merit: 0
July 06, 2015, 04:08:55 PM
guys...today price BTC=273$...yupi!! BTC come back to life...step by step Smiley

But it'll probably fall back down once the excitement has calmed down then people will be back proclaiming it to be dead again.
full member
Activity: 209
Merit: 100
@OldHiall LuckyBit
July 06, 2015, 03:27:12 PM
guys...today price BTC=273$...yupi!! BTC come back to life...step by step Smiley
legendary
Activity: 2562
Merit: 1414
July 06, 2015, 03:01:38 PM
The price of Bitcoin is completely irrelevant to it's health and future.
-snip-
Only morons that can't think long term take investment decisions on current price alone

The price has never been anything to the usage or the technology of it however this is a sad truth about BTC and this has become standard measurement around to measure if BTC is dead or not. Every single time BTC suffered a huge drop, people said it is dead and the last one probably happened at January when the price dropped below $200.
Some people are not into long term strategy and hodl BTC even when the price has drop by 30 % as because most are actually trader that enjoy the waves of BTC to get some profit so there is a reason for them to mark that it is dead through the measurement of the price because at a lower price, people will not be getting alot of profit despite that there will be a lot of waves for ride.

maybe the price of Bitcoin could die in the future , but the bitcoin protocol will never die, until there will be a blockchain , there will be exchange of bitcoin

There is no denying to the fact that the price could be a dirt cheap in the future however this is highly unlikely going to happen but if that is truly happened than there will be a lot of people that jump off the ship and abandon it. BTC will then goes back to its early stages where there are only few peoples that actually hodl it .

hero member
Activity: 697
Merit: 503
July 06, 2015, 01:31:03 PM
I agree with your statement, but I don't think btc is dead. Bitcoin is having rough 2015, but it remains the top cryptocurrency and no other fiat currency has surpassed btc yet. Btc takes on great pressure because it's the first digital currency, there's many flaws that need to be fixed. But as long as there are users and investors like us, btc will exist. Many big organisations like Barclays and other huge banks are already showing interest in the blockchain technology and possibly bitcoin. So it will stay for a while.
legendary
Activity: 868
Merit: 1006
July 06, 2015, 12:18:34 PM
I don't understand why people are crying and cribbing about some temporary price fall

Most people actually are considering wether BTC is dead by measuring it from its price and it is pretty much has become the standard things around here and so you can expect every single complaint the moment BTC is having a fall because some people expect that the price will be keep on rising. This happen pretty much every time there is a huge fall in the price however once the price goes back up, you can see the same people coming back up and shows us his joy over it

Some great quote regarding BTC price and this truly describe the situation around here

Code:
If BTC rise , people says thats a bubble and if BTC falls people says it is dead



The price of Bitcoin is completely irrelevant to it's health and future. Bitcoin is undervalued by several orders of magnitude. Only morons that can't think long term take investment decisions on current price alone. Those guys can't look at the big picture and will never make it.
full member
Activity: 154
Merit: 100
July 06, 2015, 11:34:13 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 disagree. It is just for the moment that bitcoin is enduring such catastrophe. And I totally disagree with 'Bitcoin securities have always been and still are a complete mess, with a near 100% failure ' this line.
It is  just a phase of unfortunate events and it will fade away within no time.












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