Is Bitcoin Over? - page 12. | Bitcointalksearch.org

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Quote from: Lambolife on January 02, 2019, 12:25:27 PM

To kickstart crypto 2019 I decided to make a Bitcoin mini documentary: https://youtu.be/WgxD5DmS6z8

Things I talked about:

1. Bitcoin's intrinsic value
2. How it could help underdeveloped countries
3. How it could help developed countries
4. Censorship

Now I wanna ask your opinions on my main point which is:

"Bitcoin's intrinsic value is the amalgamation of the platform, its users, and its development."

Now I know some other more famous crypto influencers have mentioned things like decentralization, cost of production, etc., but I think those things are a means to an end and not the endgoal themselves. Like decentralization is for the purpose of censorship resistance and fraud prevention.

So you I wanna know your opinions guys. Agree or disagree doesn't matter as long as you explain your point. https://youtu.be/WgxD5DmS6z8

Bitcoin is not over until several year later, I trust with bitcoin become very good investment for the future with higher price. When bitcoin down we can invest again and sell after bitcoin up, not have to worried when some time bitcoin at lower price because give us chance to get much money with re investing and use other way how to get profit with bitcoin and altcoin investment.

Tungsten-1

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Quote from: ReiMomo on October 22, 2019, 10:28:20 AM

For now, I don't think it's over. There are still more investors coming in since the price of bitcoin drop down for now so they assume that when the price increases again they might be able to earn those such profits and get profited as what they had invested.
Nope, Bitcoin is not dead and it wasn't. Everyone now waiting for the next halving come and accumulating was there and start hoarding Bitcoin on their portfolio. Remember this that Bitcoin will not drop too much, believed it.

Obviously how can people say that Bitcoin is over, low price or dump does not mean that Bitcoin is going to die, as many investors in these days has invested a lot of their money it is because they knows that Bitcoin in future is going to pump, so in these days Bitcoin has attracted many investors towards itself and low price is the opportunity for many people.

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I don't think Satoshi dream of decentralization is dying. It was an utopia from the start. The question is more, do you stick to the idea, the philosophy of Bitcoin or do you support the mass adoption? In the first you will end up in a minority, but you can clap yourself on the shoulder, being the renegade who fights for total decentralization. In the second you have to accept the fact that the original idea was good, but is not adoptable to the real world in a global size and it needs to be adjusted to our society to make it work.

The problem is that right now this amazing technology is basically useless. No major retailer accepts it, Stripe removed support, buying is easy yet selling sometimes isn't, tx fees can be harsh, plastic cards were closed, there were quite a few scams and value is highly volatile. Someday, once the ecosystem is settled and value isnt as volatile it will be amazing, but right now it’s mainly a toy for the few that want to make it better and the many that want to earn a quick buck.

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Quote from: STT on October 16, 2019, 01:10:07 PM

Bitcoin can be shut down I think but to do so would cause more harm to those trying to do it then any benefit they would receive individually.

I suppose making mining illegal could shut it down, but it would have to be a global movement on the part of all the gov'ts, else the miners would just move to countries where it remains legal. Laws could be enacted to prohibit bitcoin use, but I don't think that would do the trick entirely. Bitcoin isn't like a corporation that can be shut down.

I've noticed that the mood on the forum is very bearish lately, and I think a lot of that has to do with old threads being bumped, because many of them express bearish opinions like this one. Well the title does, anyway.

This whole 'intrinsic value' argument for bitcoin doesn't hold water in my eyes, because any value it derives is from what people place on it and not because there's anything inherently valuable to bitcoin as there is with gold and silver. Metals at the very least have a use as coinage and jewelry. Not so much with bitcoin.

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For now, I don't think it's over. There are still more investors coming in since the price of bitcoin drop down for now so they assume that when the price increases again they might be able to earn those such profits and get profited as what they had invested.
Nope, Bitcoin is not dead and it wasn't. Everyone now waiting for the next halving come and accumulating was there and start hoarding Bitcoin on their portfolio. Remember this that Bitcoin will not drop too much, believed it.

tambok

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Quote from: meliodas on October 22, 2019, 07:36:56 AM

Quote from: Serco on October 22, 2019, 05:05:48 AM

Quote from: ?? on ??

Quote from: BennyK on October 19, 2019, 10:37:38 PM

Never say die to Bitcoin because it is still the best coin on the market. Due to the high dominance level of Bitcoin, the death of Bitcoin will cause a great disaster to the entire crypto market because it will go along with its huge market cap which occupies more than 50% of the entire market cap. Bitcoin still reigns and deserves all the necessary attention.

I also think the same. No one can kill bitcoin and neither it is going to fade out like fake altcoins. Here we are talking about the mother of crypto currencies. There have been times worse than the present in the journey of bitcoin so far and it did not disappear. What I believe is that bitcoin is the future of money. It will be the face of currency in an era of pure technology. Bitcoin will exist forever now.

bitcoin in future will be alternative nd solution for financial problem that could not solved by the banks.when bitcoin developted and has many feature as digital currency , more people will interested and invest some of money in bitcoin and demand will growth massively.bitcoin future will be brighter than before.

Bitcoin is way better than the banks because the banks are just scamming people by using the people's money to create more money for them and only give a few percentage of their profit to its customers. Bitcoin will surely take over the world and to be specific, the financial industry because once people get educated then it will be the end for the banks.

Same thought, banks are also scammers, imagine, they are using your money to lend to different people/corporation at high interest rate, but they are just giving you very low interest rate for depositing your money to their bank, so I don't trust much bank, I don't invest much, I would rather invest in crypto than to bank.

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Quote from: Serco on October 22, 2019, 05:05:48 AM

Quote from: ?? on ??

Quote from: BennyK on October 19, 2019, 10:37:38 PM

Never say die to Bitcoin because it is still the best coin on the market. Due to the high dominance level of Bitcoin, the death of Bitcoin will cause a great disaster to the entire crypto market because it will go along with its huge market cap which occupies more than 50% of the entire market cap. Bitcoin still reigns and deserves all the necessary attention.

I also think the same. No one can kill bitcoin and neither it is going to fade out like fake altcoins. Here we are talking about the mother of crypto currencies. There have been times worse than the present in the journey of bitcoin so far and it did not disappear. What I believe is that bitcoin is the future of money. It will be the face of currency in an era of pure technology. Bitcoin will exist forever now.

bitcoin in future will be alternative nd solution for financial problem that could not solved by the banks.when bitcoin developted and has many feature as digital currency , more people will interested and invest some of money in bitcoin and demand will growth massively.bitcoin future will be brighter than before.

Bitcoin is way better than the banks because the banks are just scamming people by using the people's money to create more money for them and only give a few percentage of their profit to its customers. Bitcoin will surely take over the world and to be specific, the financial industry because once people get educated then it will be the end for the banks.

Serco

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Quote from: ?? on ??

Quote from: BennyK on October 19, 2019, 10:37:38 PM

Never say die to Bitcoin because it is still the best coin on the market. Due to the high dominance level of Bitcoin, the death of Bitcoin will cause a great disaster to the entire crypto market because it will go along with its huge market cap which occupies more than 50% of the entire market cap. Bitcoin still reigns and deserves all the necessary attention.

I also think the same. No one can kill bitcoin and neither it is going to fade out like fake altcoins. Here we are talking about the mother of crypto currencies. There have been times worse than the present in the journey of bitcoin so far and it did not disappear. What I believe is that bitcoin is the future of money. It will be the face of currency in an era of pure technology. Bitcoin will exist forever now.

bitcoin in future will be alternative nd solution for financial problem that could not solved by the banks.when bitcoin developted and has many feature as digital currency , more people will interested and invest some of money in bitcoin and demand will growth massively.bitcoin future will be brighter than before.

BennyK

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Never say die to Bitcoin because it is still the best coin on the market. Due to the high dominance level of Bitcoin, the death of Bitcoin will cause a great disaster to the entire crypto market because it will go along with its huge market cap which occupies more than 50% of the entire market cap. Bitcoin still reigns and deserves all the necessary attention.

meliodas

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Quote from: doomloop on October 19, 2019, 03:15:05 PM

Quote from: Best Dreams on October 17, 2019, 02:12:15 PM

Quote from: TrevorS on October 16, 2019, 12:53:50 PM

Quote from: bitmover on January 02, 2019, 01:29:24 PM

I don't agree.

There are many other attempts to create a cryptocurrency before, but all of them failed. Do you know why? Because they were centralized. Bitcoin was the first truly decentralized.

As it is decentralized, it cannot be shut down. A powerful government cannot shut down bitcoin now.

Proof of Work algorithm protects the network, as it is required the energy of a small country to 51% the bitcoin network.

There is no place where you can nuke with missiles and destroy bitcoin database. You can sure track some important actors and neutralize them, but it would not kill bitcoin.

Decentralization is what made bitcoin possible.

IMO, censorship resistance and lack of central authority are endgoals of a world currency, not a mean to an end.
The goal is the decentralization and the lack of central authority. This is why bitcoin was created.

Yes!
We can say that Bitcoin revolutionized the cryptocurrency industry, then it was the first cryptocurrency that was completely decentralized, a currency that cannot be blocked or disabled, transactions of which cannot be canceled or refunded. Bitcoin has become something new, something that breaks the familiar patterns of understanding currencies. Largely because of this, he has such success.

Yeah no doubt in all crypto bitcoin has good name and son many times people said bitcoin is over and all this but it’s not going to happen because bitcoin is not only a coin now but it’s a web and all around the world people use this so I think bitcoin will be more stronger than this with time now more people recognize it.

With the passing time, more and more people because of internet and globalization of the world are going to know about bitcoin sooner or later. The way it increases in values in short times and has generated millions of dollars as profit. New generations will be highly influenced by this currency because everything is going to be smart.

New generation and the internet will become the game changer for the cryptocurrency. Newer generation are now technology educated and they are natural when it comes to the technology and it will give the cryptocurrency to thrive because the newer generation will become the new creators and innovators and they will surely implement the blockchain technology which will revolutionize the world.

doomloop

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Quote from: Best Dreams on October 17, 2019, 02:12:15 PM

Quote from: TrevorS on October 16, 2019, 12:53:50 PM

Quote from: bitmover on January 02, 2019, 01:29:24 PM

I don't agree.

There are many other attempts to create a cryptocurrency before, but all of them failed. Do you know why? Because they were centralized. Bitcoin was the first truly decentralized.

As it is decentralized, it cannot be shut down. A powerful government cannot shut down bitcoin now.

Proof of Work algorithm protects the network, as it is required the energy of a small country to 51% the bitcoin network.

There is no place where you can nuke with missiles and destroy bitcoin database. You can sure track some important actors and neutralize them, but it would not kill bitcoin.

Decentralization is what made bitcoin possible.

IMO, censorship resistance and lack of central authority are endgoals of a world currency, not a mean to an end.
The goal is the decentralization and the lack of central authority. This is why bitcoin was created.

Yes!
We can say that Bitcoin revolutionized the cryptocurrency industry, then it was the first cryptocurrency that was completely decentralized, a currency that cannot be blocked or disabled, transactions of which cannot be canceled or refunded. Bitcoin has become something new, something that breaks the familiar patterns of understanding currencies. Largely because of this, he has such success.

Yeah no doubt in all crypto bitcoin has good name and son many times people said bitcoin is over and all this but it’s not going to happen because bitcoin is not only a coin now but it’s a web and all around the world people use this so I think bitcoin will be more stronger than this with time now more people recognize it.

With the passing time, more and more people because of internet and globalization of the world are going to know about bitcoin sooner or later. The way it increases in values in short times and has generated millions of dollars as profit. New generations will be highly influenced by this currency because everything is going to be smart.

agentx44

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Quote from: Lambolife on January 02, 2019, 12:25:27 PM

To kickstart crypto 2019 I decided to make a Bitcoin mini documentary: https://youtu.be/WgxD5DmS6z8

Things I talked about:

1. Bitcoin's intrinsic value
2. How it could help underdeveloped countries
3. How it could help developed countries
4. Censorship

Now I wanna ask your opinions on my main point which is:

"Bitcoin's intrinsic value is the amalgamation of the platform, its users, and its development."

Now I know some other more famous crypto influencers have mentioned things like decentralization, cost of production, etc., but I think those things are a means to an end and not the endgoal themselves. Like decentralization is for the purpose of censorship resistance and fraud prevention.

So you I wanna know your opinions guys. Agree or disagree doesn't matter as long as you explain your point. https://youtu.be/WgxD5DmS6z8

Amidst all of that things being concluded and said, we cannot still remove the fact that bitcoin is still proving all of them wrong. They cannot still consider it as a fact that bitcoin is already over because bitcoin's value is recovering and also the use of bitcoin is already dessiminating all over the world. There are already some local markets in some countries that uses bitcoin and other altcoins as a mean of payment. If it would continue to occur, bitcoin, someday soon will be used all over the world and have higher value proving everyone that it is not yet over and will never be.

cotton ball

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Quote from: TrevorS on October 16, 2019, 12:53:50 PM

Quote from: bitmover on January 02, 2019, 01:29:24 PM

I don't agree.

There are many other attempts to create a cryptocurrency before, but all of them failed. Do you know why? Because they were centralized. Bitcoin was the first truly decentralized.

As it is decentralized, it cannot be shut down. A powerful government cannot shut down bitcoin now.

Proof of Work algorithm protects the network, as it is required the energy of a small country to 51% the bitcoin network.

There is no place where you can nuke with missiles and destroy bitcoin database. You can sure track some important actors and neutralize them, but it would not kill bitcoin.

Decentralization is what made bitcoin possible.

IMO, censorship resistance and lack of central authority are endgoals of a world currency, not a mean to an end.
The goal is the decentralization and the lack of central authority. This is why bitcoin was created.

Yes!
We can say that Bitcoin revolutionized the cryptocurrency industry, then it was the first cryptocurrency that was completely decentralized, a currency that cannot be blocked or disabled, transactions of which cannot be canceled or refunded. Bitcoin has become something new, something that breaks the familiar patterns of understanding currencies. Largely because of this, he has such success.

Bitcoin is not over and revolution for every year, first time open to public maybe bitcoin only for investment assets with higher or lower price but today you can use bitcoin as your currency digital payment, if you online store you can use bitcoin as your payment with easy transaction and transparent for sending or receiving money, bitcoin is not over although price down many people want to adopt bitcoin as currency payment digital for the future.

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Quote from: Tungsten-1 on October 17, 2019, 03:21:24 PM

Quote from: wxxyrqa on October 16, 2019, 01:20:25 PM

Of course, the reputation of Bitcoin was very much affected by a significant decrease in bitcoin capitalization. But we all know what causes such problems. I believe that if the scaling of Bitcoin, including transaction costs, changes, it will improve the investment climate for investors. Several times there has been news in the media that large companies are interested in Bitcoin transactions, but it is precisely the possible shortage of transactions that scares them from real cooperation with Bitcoin.

Bitcoin is a decentralized currency and major companies around the world show interest in joining hands with this currency so that they can have good control over their money. But as you have mentioned, they are simply scared of these high transaction fees and other prominent issues related to transactions. If these get resolved, bitcoin will be again in high demand.

Being a decentralized currency, bitcoin is always the first choice of many largest industries in the world, they have invested the greater part of their income and due to which they feel free about their income and profit, along this with increase in popularity of bitcoin many other online market has started accepting it which is a plus point for the value of bitcoin.
As talking about some issues (as you mentioned) which are related with transaction, i think these issues seems very minor for those investors that's why they are interested in bitcoin and bitcoin is still in high demand.

Tungsten-1

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Quote from: wxxyrqa on October 16, 2019, 01:20:25 PM

Of course, the reputation of Bitcoin was very much affected by a significant decrease in bitcoin capitalization. But we all know what causes such problems. I believe that if the scaling of Bitcoin, including transaction costs, changes, it will improve the investment climate for investors. Several times there has been news in the media that large companies are interested in Bitcoin transactions, but it is precisely the possible shortage of transactions that scares them from real cooperation with Bitcoin.

Bitcoin is a decentralized currency and major companies around the world show interest in joining hands with this currency so that they can have good control over their money. But as you have mentioned, they are simply scared of these high transaction fees and other prominent issues related to transactions. If these get resolved, bitcoin will be again in high demand.

Best Dreams

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Quote from: TrevorS on October 16, 2019, 12:53:50 PM

Quote from: bitmover on January 02, 2019, 01:29:24 PM

I don't agree.

There are many other attempts to create a cryptocurrency before, but all of them failed. Do you know why? Because they were centralized. Bitcoin was the first truly decentralized.

As it is decentralized, it cannot be shut down. A powerful government cannot shut down bitcoin now.

Proof of Work algorithm protects the network, as it is required the energy of a small country to 51% the bitcoin network.

There is no place where you can nuke with missiles and destroy bitcoin database. You can sure track some important actors and neutralize them, but it would not kill bitcoin.

Decentralization is what made bitcoin possible.

IMO, censorship resistance and lack of central authority are endgoals of a world currency, not a mean to an end.
The goal is the decentralization and the lack of central authority. This is why bitcoin was created.

Yes!
We can say that Bitcoin revolutionized the cryptocurrency industry, then it was the first cryptocurrency that was completely decentralized, a currency that cannot be blocked or disabled, transactions of which cannot be canceled or refunded. Bitcoin has become something new, something that breaks the familiar patterns of understanding currencies. Largely because of this, he has such success.

Yeah no doubt in all crypto bitcoin has good name and son many times people said bitcoin is over and all this but it’s not going to happen because bitcoin is not only a coin now but it’s a web and all around the world people use this so I think bitcoin will be more stronger than this with time now more people recognize it.

wxxyrqa

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Of course, the reputation of Bitcoin was very much affected by a significant decrease in bitcoin capitalization. But we all know what causes such problems. I believe that if the scaling of Bitcoin, including transaction costs, changes, it will improve the investment climate for investors. Several times there has been news in the media that large companies are interested in Bitcoin transactions, but it is precisely the possible shortage of transactions that scares them from real cooperation with Bitcoin.

STT

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Bitcoin can be shut down I think but to do so would cause more harm to those trying to do it then any benefit they would receive individually. I think this is a problem commonly examined and contrasted across many blockchains and BTC does come out ahead in terms of security from cost of attack.
However I would also consider the attack which has no concern for cost, we could get a great solar storm from the sun which could knock out many electronics and would severely effect the blockchain network. I dont know if it would stop it or just cause a problem until difficulty could be adjusted and it would survive anyway, its debatable but obviously the whole planet would have a problem at this point.
I dont think BTC is invulnerable to attack just there is little point, if BTC fails its from within via bad market dynamics, maybe failed transaction capability or the fees problem or its possible somehow the protocol does not stand up though thats not a known possible right now.

TrevorS

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Quote from: bitmover on January 02, 2019, 01:29:24 PM

I don't agree.

There are many other attempts to create a cryptocurrency before, but all of them failed. Do you know why? Because they were centralized. Bitcoin was the first truly decentralized.

As it is decentralized, it cannot be shut down. A powerful government cannot shut down bitcoin now.

Proof of Work algorithm protects the network, as it is required the energy of a small country to 51% the bitcoin network.

There is no place where you can nuke with missiles and destroy bitcoin database. You can sure track some important actors and neutralize them, but it would not kill bitcoin.

Decentralization is what made bitcoin possible.

IMO, censorship resistance and lack of central authority are endgoals of a world currency, not a mean to an end.
The goal is the decentralization and the lack of central authority. This is why bitcoin was created.

Yes!
We can say that Bitcoin revolutionized the cryptocurrency industry, then it was the first cryptocurrency that was completely decentralized, a currency that cannot be blocked or disabled, transactions of which cannot be canceled or refunded. Bitcoin has become something new, something that breaks the familiar patterns of understanding currencies. Largely because of this, he has such success.

AicecreaME

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Quote from: EdvinZ on October 14, 2019, 01:00:22 AM

When someone says that Bitcoin is over, then he sold his coins, afraid of falling prices and looking for an excuse for his act on the forum. Bitcoin can't just take and not become popular with such an incredibly cool blockchain technology, which is widely implemented around the world. If the market is panic and someone sells, that means someone believes in the success of the coin and buys Bitcoins for a long-term period and faith in the imminent success of the project.

Indeed, he is also looking for someone that will listen to him and will sell their bitcoins because of being scared to his invented story regarding about the sudden price drop of bitcoin. They are finding companions where they will share each other's regrets of being a scaredy cat selling their bitcoin's in the bearish market. We have to appreciate the market if it is bearish or bullish, in order to put negative vibes down to prevent ourselves making foolish decisions in our lives.

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