Bitcoin is not a dead currency because if it was dead then you will never experience the rate of bitcoin to reach 72k$ but I think its your fault that you always trust those who talk negatively about bitcoin but don't ask about it from successful bitcoin investors. Bitcoin is a volatile currency and everyone knows that fact but people make good use of this volatility.
Altcoins are also good because it increases as an increase occurs in Bitcoin's value but I will suggest that your are not too late and still you can buy bitcoin if you want. Bitcoin is far better than accepting any altcoin that turn into useless coins for you therefore choose bitcoin instead of choosing any shitcoin.
Topic: Is Bitcoin Still Dead? - page 5. (Read 1279 times)
Many times I've missed the opportunity of buying Bitcoin dip because of media sentiments. In 2022, when Bitcoin was $17,168.57, which would have been a good time to build a larger holding, some claimed Bitcoin was on the road to irrelevance others said it was dead. I could understand and agree with them because the value of bitcoin had peaked at USD 69,000 in November 2021 before falling to USD 17,000 as at the mid-June 2022.
After that time, the value had fluctuated around USD 20,000. And the same media claimed it was an artificially induced last gasp before the road to irrelevance. It seemed true as the FTX bust had sent the bitcoin price to well below USD 16,000.
Later in 2023, Forbes headline crushed the confidence of many Bitcoin enthusiasts, saying if ETFs managed by asset managers are too successful, they will completely destroy bitcoin. Other sentiments like Bitcoin has failed on the promise to be a global decentralised digital currency and is still hardly used for legitimate transfers and that the approval of an ETF doesn’t change the fact that Bitcoin is not suitable as means of payment or as an investment.
Yet today, I saw the image above and it suddenly got the question into my head, Is Bitcoin still dead? We've all seen how Bitcoin has weathered through all the critics and FUD to breaking above USD 70,000 steadily since the beginning of 2024. There's all indication it's headed toward USD 100,000. What are you all thinking about these feet.
Should those who didn't buy all along dare to jump in or would you recommend going for ALTs as the rising of Bitcoin often drag along the altcoins. Let me hear your thoughts?
ALTs can also give very good returns but they also come with higher risk. There are chances that you will loose all your capital if you invested in some shit coin and it has happened to many investors so probability is very high.
With Bitcoins, returns will be moderate in short time and exceptional for long term holders. Also, there is stability that you are not going to loose your capital by investing in bitcoin. Support levels are properly held in case of bitcoins.
People can use whatever terms they want to use in describing anything but I know for sure that there was never a time Bitcoin died.
Bitcoin has been existing as a virtual money for a while now and it has never cease to exist. The only problem bitcoin always encounter is depreciation in the price which occurs due to it's volatility.
Every financial system has their problems and this problem does not occur frequently it is a seasonal stuff, so let's not be misinformed, the creation of Bitcoin has done more good than bad, bitcoin is one of a kind, the only system for now that has hedge against inflation, this alone should tell us that there are still hidden stuff about Bitcoin which may be reveal at the long run.
Bitcoin has been existing as a virtual money for a while now and it has never cease to exist. The only problem bitcoin always encounter is depreciation in the price which occurs due to it's volatility.
Every financial system has their problems and this problem does not occur frequently it is a seasonal stuff, so let's not be misinformed, the creation of Bitcoin has done more good than bad, bitcoin is one of a kind, the only system for now that has hedge against inflation, this alone should tell us that there are still hidden stuff about Bitcoin which may be reveal at the long run.
Some people use that term to create panic and make the other believe that there's no recovery will happen then they benefit from the action they have done since they can accumulate more cheaper bitcoin then save it for future.
But also there are people call that because they are been freaking out for seeing their money is slowly burning due to that correction or huge bear market condition currently happening. But they need to realize that whatever happens in the market even if there's a big dump happen bitcoin will continue to rise or recover back. So its good if they take the best action they could do since if they didn't do any action then just believe on other say that bitcoin is dead for sure nothing will happen on their investments.
The op's question reminded me of a useful website that track Bitcoin obituaries (proclamations of Bitcoin deaths). There have been 476 proclamations of death so far, but that doesn't mean anything. It's just that some people are not sure about Bitcoin, and some websites just like negative news because that's the kind of news people focus on and want to learn more about. Bitcoin isn't dead, and it never was. Each of us probably went through a time of uncertainly with Bitcoin, and some are still nervous from time to time. My time was in the 2018-2020 bear market, when I wanted to believe in Bitcoin's recovery but wasn't fully confident. But since then, I've been very calm about the price and confident about Bitcoin's great future.
Is Bitcoin Still Dead?
I have seen that many people actually misunderstood the Op. He was just being sarcastic. Even without reading the body of the post or seeing the attached image that has bitcoin at 70k, you will still understand the post only if you wish to understand.However, to those bitcoin killers, bitcoin might not be dead in their eyes for now, but after the bull run, when the bear market starts again, bitcoin will be dead once again. As long as the industry is concerned and there's always a bear after the bull, the bear market will always be the obituary of bitcoin to those who don't know what bitcoin is about.
People can use whatever terms they want to use in describing anything but I know for sure that there was never a time Bitcoin died.
Bitcoin has been existing as a virtual money for a while now and it has never cease to exist. The only problem bitcoin always encounter is depreciation in the price which occurs due to it's volatility.
Every financial system has their problems and this problem does not occur frequently it is a seasonal stuff, so let's not be misinformed, the creation of Bitcoin has done more good than bad, bitcoin is one of a kind, the only system for now that has hedge against inflation, this alone should tell us that there are still hidden stuff about Bitcoin which may be reveal at the long run.
Bitcoin has been existing as a virtual money for a while now and it has never cease to exist. The only problem bitcoin always encounter is depreciation in the price which occurs due to it's volatility.
Every financial system has their problems and this problem does not occur frequently it is a seasonal stuff, so let's not be misinformed, the creation of Bitcoin has done more good than bad, bitcoin is one of a kind, the only system for now that has hedge against inflation, this alone should tell us that there are still hidden stuff about Bitcoin which may be reveal at the long run.
The price of bitcoin has increased a lot in comparison to the current time, since you mentioned 2022 was a disaster for a bitcoin. Because of the destruction of FTX , Luna from the market and many other reasons, the price of Bitcoin has fallen the most. But it has been steadily increasing since January 2023 to create the current all-time high Bitcoin price which touched 73.2k Bitcoin price. At that time though the price of Bitcoin was very low and those who invested have achieved maximum success in the present time.
Bitter was never dead and these are the terms which were used by mainstream media as well as banks sponsored media to create panic and fear amongst the Bitcoin investors. Now let's get back to your question whether you can still get into Bitcoin or not? My answer would be yes but at your own risk because usually there comes a correction after pump which we haven't seen yet, if you be actively monitoring the price then you can go ahead and it's much more preferable over Altcoin investment.
The media's never going to stop spreading false information about BTC. But deep down, we know BTC won't stop for them.. Gotta say that I didn't even give it too much attention about it. I bought portions of BTC and steadily building up my pf. It's great that altcoins are in the play too. I got into AI tokens, memecoins and some projects I got in early thru Bitget launchpad. These are the things that I can earn as well as grow my pf balance.
How stupid was I to not buy Bitcoin when it was dropping to a couple thousand, well why don't I listen to my inner self? 
Those that are waiting for bitcoin to die will still have to do same in 10 tears to come and have nothing to achieve, the more they are expecting the worse to come, the better it becomes for the network to remain more stronger against any form of attack, if government could not do so, then no one could ever try attempting, bitcoin is a digital currency everyone of us have to accept it suitability and uses in our financial economy, it mean no harm to us, but some could not just understand this, instead they are waiting for it to die.
I remember this disgusting phrase “Bitcoin is dead” They used it on our heads several times over many years to spread fear and panic, but they failed. Yes, there are many who became frightened and got rid of their Bitcoin, but now they inevitably cry over the precious opportunity they lost.
This cycle, investing in Bitcoin is no longer very profitable because we are approaching the peak, although it is still possible to collect some profits, but not like those who invested from the beginning. Regret will befall all those who believed the rumors and did not overcome their fear.
This cycle, investing in Bitcoin is no longer very profitable because we are approaching the peak, although it is still possible to collect some profits, but not like those who invested from the beginning. Regret will befall all those who believed the rumors and did not overcome their fear.
Not everyone sold their BTC because of negative news. Someone like me was forced to dispose nearly 95% of my crypto bag during COVID and even after the pandemic, things were a bit difficult to have extra money to buy as recession struck many countries. Fortunately i was able to start up by farming airdrop which really brought decent gains and then i sold them to buy some BTC. I also participated in some launchpads and launchpools events on Bitget and Binance which really helped to increase my crypto bag.
In this run, looking for how to maximize gains and milk the market should be top priority.. seems we' had same plan, cos I've been on launchpools on the these platforms you mentioned especially the former... The returns has been good🚀
I remember this disgusting phrase “Bitcoin is dead” They used it on our heads several times over many years to spread fear and panic, but they failed. Yes, there are many who became frightened and got rid of their Bitcoin, but now they inevitably cry over the precious opportunity they lost.
This cycle, investing in Bitcoin is no longer very profitable because we are approaching the peak, although it is still possible to collect some profits, but not like those who invested from the beginning. Regret will befall all those who believed the rumors and did not overcome their fear.
This cycle, investing in Bitcoin is no longer very profitable because we are approaching the peak, although it is still possible to collect some profits, but not like those who invested from the beginning. Regret will befall all those who believed the rumors and did not overcome their fear.
Not everyone sold their BTC because of negative news. Someone like me was forced to dispose nearly 95% of my crypto bag during COVID and even after the pandemic, things were a bit difficult to have extra money to buy as recession struck many countries. Fortunately i was able to start up by farming airdrop which really brought decent gains and then i sold them to buy some BTC. I also participated in some launchpads and launchpools events on Bitget and Binance which really helped to increase my crypto bag.
See how many meters you walk without setting new goal.
https://i.ibb.co/wy4kGW0/1710158278780.jpg
Many times I've missed the opportunity of buying Bitcoin dip because of media sentiments. In 2022, when Bitcoin was $17,168.57, which would have been a good time to build a larger holding, some claimed Bitcoin was on the road to irrelevance others said it was dead. I could understand and agree with them because the value of bitcoin had peaked at USD 69,000 in November 2021 before falling to USD 17,000 as at the mid-June 2022.
After that time, the value had fluctuated around USD 20,000. And the same media claimed it was an artificially induced last gasp before the road to irrelevance. It seemed true as the FTX bust had sent the bitcoin price to well below USD 16,000.
Later in 2023, Forbes headline crushed the confidence of many Bitcoin enthusiasts, saying if ETFs managed by asset managers are too successful, they will completely destroy bitcoin. Other sentiments like Bitcoin has failed on the promise to be a global decentralised digital currency and is still hardly used for legitimate transfers and that the approval of an ETF doesn’t change the fact that Bitcoin is not suitable as means of payment or as an investment.
Yet today, I saw the image above and it suddenly got the question into my head, Is Bitcoin still dead? We've all seen how Bitcoin has weathered through all the critics and FUD to breaking above USD 70,000 steadily since the beginning of 2024. There's all indication it's headed toward USD 100,000. What are you all thinking about these feet.
Should those who didn't buy all along dare to jump in or would you recommend going for ALTs as the rising of Bitcoin often drag along the altcoins. Let me hear your thoughts?
Many times I've missed the opportunity of buying Bitcoin dip because of media sentiments. In 2022, when Bitcoin was $17,168.57, which would have been a good time to build a larger holding, some claimed Bitcoin was on the road to irrelevance others said it was dead. I could understand and agree with them because the value of bitcoin had peaked at USD 69,000 in November 2021 before falling to USD 17,000 as at the mid-June 2022.
After that time, the value had fluctuated around USD 20,000. And the same media claimed it was an artificially induced last gasp before the road to irrelevance. It seemed true as the FTX bust had sent the bitcoin price to well below USD 16,000.
Later in 2023, Forbes headline crushed the confidence of many Bitcoin enthusiasts, saying if ETFs managed by asset managers are too successful, they will completely destroy bitcoin. Other sentiments like Bitcoin has failed on the promise to be a global decentralised digital currency and is still hardly used for legitimate transfers and that the approval of an ETF doesn’t change the fact that Bitcoin is not suitable as means of payment or as an investment.
Yet today, I saw the image above and it suddenly got the question into my head, Is Bitcoin still dead? We've all seen how Bitcoin has weathered through all the critics and FUD to breaking above USD 70,000 steadily since the beginning of 2024. There's all indication it's headed toward USD 100,000. What are you all thinking about these feet.
Should those who didn't buy all along dare to jump in or would you recommend going for ALTs as the rising of Bitcoin often drag along the altcoins. Let me hear your thoughts?
For those who haven't bought in yet, investing at these highs carries more risk. Dollar cost averaging into a position over time is generally safer than trying to time the market with a lump sum entry.
Regarding Altcoins, When Bitcoin rallies, it does tend to pull many altcoins up as well as money sloshes around the crypto markets. Some alts, even Memecoins could present opportunities. If I'm not mixing it up, Bitget has an ongoing event for Memecoins and this is due to the fact that there's also a surge in the Memecoin arena, but like I would always advise, thoroughly researching fundamentals is key.
It's at ATH. But I can't find the "unlock feature". No humor intended. Like on eth where you can unlock your dividends or some extra wealth from some scheme that is not 110 decibel. Besides doing it on arbitrary layers.
Cheers.
PS. Forgot. Nexo has the BTC dividends.
Cheers.
PS. Forgot. Nexo has the BTC dividends.
Due to various reasons, the price of Bitcoin fell to $15.5k in December 2022, although this was the biggest dumping. But gradually the price of Bitcoin kept pumping until today, 2023, and March 2024, the Bitcoin price set an all-time record high. Bitcoin price touched 72k which is a sky high dream for investors who invested in December end 2022 have got triple to quadruple benefit at present. So if you invest in bitcoins recovery is definitely possible so turn to bitcoin investment fast.
There would really be always that kind of negativity on the time that Bitcoin would really be kissing on the floor. If we do try to look back on which there are even peoplewho do have predicted or assuming that the price would be going back to $10k or even lower which do came from 69k ATH which is really that too deep.
For those people who had trusted that Bitcoin would bounce back then here's the time that they've been waiting for. If we do consider out on how many X's on which those people had gained then
its a considerable amount of profits that they had made with their Bitcoin stash.
Its been mentioned by some members on how many times Bitcoin had died but still we are breaking new all time highs as of this moment. Take note that we arent still
on a bull run yet but we did make such breaking out those new prices which it is really that great to see.
Due to various reasons, the price of Bitcoin fell to $15.5k in December 2022, although this was the biggest dumping. But gradually the price of Bitcoin kept pumping until today, 2023, and March 2024, the Bitcoin price set an all-time record high. Bitcoin price touched 72k which is a sky high dream for investors who invested in December end 2022 have got triple to quadruple benefit at present. So if you invest in bitcoins recovery is definitely possible so turn to bitcoin investment fast.
Why do you say, Is Bitcoin Still Dead? Bitcoin is not dead Bitcoin is still pumping. OP, you may be missing a big opportunity by not investing in Bitcoin by listening to the media. I don't think you should make a second mistake. You can invest Bitcoin in this bull market hoping you will see more big bullish moments ahead. Be sure to make your own decisions when it comes to Bitcoin research rather than relying on others. Bitcoin broke its past highs before the halving, we can expect the price of Bitcoin to reach $100k or close, before the halving. After the Bitcoin halving we will experience a major bull run where Bitcoin could leave $120k. Right now I don't think good decision to get into altcoins, you can lose your money if you don't pick the right coin. So I think you will get more confidence in investing in bitcoin right now than you would in investing in altcoins.
That's why it's good to to learn basic TA and FA yourself. While the media were saying BTC would hit 10k. I started accumulating when I saw BOS on 1month time frame around 24k and I nevr looked back. Had spare usdt on Bitget and binance which I used. now I'm spreading the profits gotten into eth and low capped alts..
Why do you say, Is Bitcoin Still Dead? Bitcoin is not dead Bitcoin is still pumping. OP, you may be missing a big opportunity by not investing in Bitcoin by listening to the media. I don't think you should make a second mistake. You can invest Bitcoin in this bull market hoping you will see more big bullish moments ahead. Be sure to make your own decisions when it comes to Bitcoin research rather than relying on others. Bitcoin broke its past highs before the halving, we can expect the price of Bitcoin to reach $100k or close, before the halving. After the Bitcoin halving we will experience a major bull run where Bitcoin could leave $120k. Right now I don't think good decision to get into altcoins, you can lose your money if you don't pick the right coin. So I think you will get more confidence in investing in bitcoin right now than you would in investing in altcoins.
Should those who didn't buy all along dare to jump in or would you recommend going for ALTs as the rising of Bitcoin often drag along the altcoins. Let me hear your thoughts?
Hahaha...Just as I like to say, most of these big names that people often like to idolise are unnecessary, maybe they do not know much about the Bitcoin market, I do not know, regardless, what I do know is that no amount of negativity will make Bitcoin yield, the blockchain mechanism that Bitcoin brought would not allow that that to happen. I have read big names talk rubbish about Bitcoin, but we can see what is happening now, it means that Bitcoin has effectively put them to shame and we have seen about $73,000 already, and we will soon see $100,000 speedily. The issue now is that all these happened before the halving, and I am bothered about it. Well, this is a new era for Bitcoin and one thing I can be happy about is that it has disregarded the past history pattern or should I even say put those who are always kin to history to shame.I warned about this since I joined Bitcointalk but it seem that most people are adamant here, but I do not care. All my predictions are always happening as forecasted, not even a bit of it has been missed so far it is long term. Going forward, those who would still want to profit from cryptocurrency may not be smart if they opt for bitcoin henceforth, the price is too high and they will not profit much unless they can risk it through futures trading. In the absence of this, they may go for the altcoins but should be so careful in their selection. With that, they can still make x5 profits or more.
I wish everyone all the best!
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