Topic: Is Bitcoin Still Dead? - page 7. (Read 1279 times)

I know right, Bitcoin has always been volatile. The point is at every dip the hateist of Bitcoin often come up with publications that will make a common admirer of Bitcoin to think otherwise. While many people can't be blamed for not having as much faith as most of you here, you should understand that there are those who invested but not as much as they should have. That's still something to encourage their courage. Maybe that's where I am. I'm curious about the blockchain technology and even the whole possibilities of Bitcoin. Not just here for the money but for the concept and the idea around Bitcoin ecosystem.

Now you are personally convinced that that time was ideal for purchasing bitcoin.

The media has repeatedly buried and will continue to bury bitcoin in the future. Why do you treat their words as the ultimate truth? Ignore the extra noise around you.

Bitcoin is unlikely to be suitable for some purposes (means of payment), but is certainly well suited for others (investment).

The $100k level looks like the mark that bitcoin should at least reach, judging by the growth dynamics that are happening now. It is not necessary that this will happen in the near future (who the hell isn’t kidding, right?) and before the correction, but it will inevitably happen. The market is in high spirits and even these numbers seem easily achievable.

Is it worth buying bitcoin now? It depends on the long-term investment. If you hold it for a long time, then you can buy it now, because the current price doesn't matter in terms of subsequent cycles. If you want to get rich quickly, then it would be better to wait for the correction for a more profitable purchase of bitcoin.

How can we ask if BTC is dead when it is evidently clear that it is mainly only affordable by major brokerages, institutional advisors, and large consultants with hefty portfolios.
Michael Saylor certainly doesn't agree that BTC is dead with the kind of purchase he made using the net proceeds from a $800million convertible note offering. He purchased about $12k BTC, which is of course an addition to the one already in his possession.
More large businesses and individual investors with means, are still expected do more significant purchases of the spot ETF before we get to the middle of the year.

So please explain again how is BTC dead?

Your question is also placed for the title is wrong because from the beginning of the creation of bitcoin from a decade ago until now bitcoin has never died so the words "bitcoin is still dead" are a mistake in my opinion.

Regarding some of your statements, that's why I emphasize in this case especially for those new people who are trying to be in bitcoin to always try to do personal research so that we can be sure of what we are doing.
Buying only because of the fomo that comes from the media will make your confidence diminish in the end because however we must be aware that until now there are some big media that are indeed like assigned to preach negativity only for bitcoin so surely when that happens then indeed we who initially knew bitcoin only from the media without doing research independently will certainly be carried away by the flow. independently will certainly be carried away from the narrative created by the media to weaken bitcoin but if indeed we start to be in bitcoin on independence because of research conducted no matter how hard the media reports that bitcoin has a negative influence then we will not consider it a complicated situation and sometimes will even make this a silly joke.

Bitcoin has never been dead and will never be. I think it would be better to make good research and listen to the right persons before concluding generally in a way that might affect your plans like it is now. I really don't blame some of these so called social Media or Bitcoin hateist because most of them just say rubbish to help them promote their shit coins and some investors will still fall for their nonsense.

Bitcoin has always been volatile and I've kept watch of it for a long time even before I started investing. It still was better then compared to other cryptocurrency in the market. Let's not be deceived into buying shit coins that would yield nothing in years to come. All Bitcoin investors will attest to the fact that so long you are able to hold for a very long time, you will make your profits now or in the future.

 It's still not too late mate. You can still invest now as Bitcoin hasn't even started the bull run yet. It's just warming it's legs up. We have seen how it has skyrocketed in just few weeks and we are expecting more from it before it's halving In April. I wonder what will happen after the halving. Just stop doubting and start investing mate it still not too late to enjoy from the bull run.

It's the news publications from various media outlets that is a major contributor to the fear in the heart of those who would have wanted to venture into investing in Bitcoin however, those calling Bitcoin dead aren't winning. Every day, new people adopt cryptocurrency and use Bitcoin in a way. It's a currency they're failing to see the potential.

What do you mean “still”? Bitcoin was never dead. We all need to learn the difference between simply a dip and a death. Markets are volatile and we do not know when will they go up or down and how much will they do but we know as long as there are movements in the market, the coin is not dead.

You have been on the forum for many years, and it is quite stupid to believe only negative news background. Haven’t you talked here with people who, despite everything, walked this road of trust in Bitcoin? Yes, it is volatile, and yes, sometimes it is difficult to find the right time for a low price, but there is a DCA that covers all concerns. I can say one thing: not everyone has access to Bitcoin because not everyone is ready to have it. You are probably one of these people. But don’t despair; you can just watch how people next to you are happy that they took the right steps.
Alternative coins? I would say this: if you didn’t believe in what worked and couldn’t invest in time, are you ready to have something that could disappear in an instant?

Bitcoin will be dead again when it has corrections. People who dislike, hate Bitcoin will call it like this in future. They don't care about Bitcoin price growth over years and only look at corrections to say it is dead now.

We can not stop them to do this, never.

They already made hundreds of "Bitcoin is dead" callings.
https://buybitcoinworldwide.com/bitcoin-is-dead/
https://99bitcoins.com/bitcoin-obituaries/

Those who are yet to buy probably did not buy because of lack money, and some failed to buy because of fear and trust they don’t have in bitcoin.

If they still wants to buy bitcoin, they can buy now before the price will skyrocket after the incoming bitcoin halving, and if they didn’t buy now and waited for another time, they might be lucky to buy if the market made some corrections and they might be unlucky as the price might go up anytime soon.

Going on altcoins is only advisable for short time investment. If you want a short time investment that can give good profit, then consider going altcoins with huge potential; DYOR before investing.

Honestly, until now if someone still thinks bitcoin will die, bitcoin will go to zero then I think they deserve the poverty they are suffering. If this question were asked 10 years ago, we would have reason to doubt it. But now everything about bitcoin is clear as day and there are still people who are skeptical about bitcoin, I really don't want to explain it to them anymore.

Recently a guy said similar things, he said that bitcoin is worthless and not worth even 1 cent. I didn't want to explain and told him directly, give me the 1BTC you said was useless, I will give you back 1k$. In the end, he quietly left and I didn't receive any BTC from him  .

When was exactly Bitcoin is dead? Bitcoin was never dead and won't die!

ETFs was accepted a month ago, saying those managers are success for 2 months is a big joke. They will not destroy Bitcoin, it's not their money, but the clients money. They're regulated, so it won't easy for them to file bankruptcy or exit scam because they get audited every year.

Bitcoin was never failed to be a decentralized currency, if you use Bitcoin to pay service or buy a product from marketplace, you're already use Bitcoin as a currency.

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?