Poll: In your opinion is this the end for Bitcoin/Cryptocurrency? - page 3.

noormcs5

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Quote from: SmallCapCoins on August 19, 2022, 02:58:23 PM

So we have seen Cryptocurrency hit with many huge scams, come under increased scrutiny and regulation, as well as being the subject of environmental concerns.

As of late, Bitcoin is trading at the lowest levels I've seen it trade in quite some time.

So I made this poll to gage the latest opinions of the users here.

The question is, due to any of these issues, or a combination of them, are we finally going to see the end of Bitcoin and
Cryptocurrency or is it still a safe haven?

Do you think that these are the lowest bitcoin levels at which bitcoin is trading right now? If so, then you are wrong because bitcoin can dump even lower and still recover back up. So there is no point thinking that because bitcoin price is dumping too much, it is near the end of crypto market.
Bitcoin and Cryptocurrency will never end and also in your poll 100% votes are for bitcoin is here to stay. (35 votes cast now in favor of bitcoin till now)

coolcoinz

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No - 34 (100%)

That sums it up. Love how the poll has turned out.

I'd also like to quote OP on this:

Quote from: SmallCapCoins on August 19, 2022, 02:58:23 PM

As of late, Bitcoin is trading at the lowest levels I've seen it trade in quite some time.

I'd like to return to this next year and see OP's reaction.
Bitcoin is at its ATH from the previous cycle. It's a level people in 2018 and 2020 were dreaming of, but couldn't get bitcoin to reach it for more than 2 years. Now we're below the last ATH for only a year and we already see people complaining that the price is low. Wake up OP, the dollar is at its all time high and everything including gold is down because of it, but its real value has not changed.

|MINER|

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If you ask me that question, it will always be no . Because scams are more or less in all sectors. Especially if you are talking about money laundering, it is our misconception that cryptocurrency is only involved in it. In fact, as far as money laundering is concerned, the use of cryptocurrency is negligible and most of it is fiat currency. We should remove our misconceptions that have been instilled in us through the media.

casinotester0001

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Quote from: SmallCapCoins on August 19, 2022, 02:58:23 PM

Question: In your opinion is this the end for Bitcoin/Cryptocurrency?

end for Bitcoin = end for the universe

jkoil

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Nxt NEM

It is true that scamming through cryptocurrency has taken one of the big market now . However, while crypto currency scamming is in the second, the first is through fiat currency. So the hole system cannot be bad for scamed committed by us. And here there is no question of the end of Bitcoin, its use and need will increase as time goes by.

DeathAngel

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Bitcoin has existed since 09, loads of scammers & bad actors have been in this space in that time (no more than fiat equivalents). To answer the question, no, it is not the end for bitcoin/crypto. Year by year there is more adoption & mainstream use, bitcoin goes from strength to strength. I think this OP sums up many clueless noobs we have hanging around here.

abel1337

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FOCUS

Quote from: SmallCapCoins on August 19, 2022, 02:58:23 PM

So we have seen Cryptocurrency hit with many huge scams, come under increased scrutiny and regulation, as well as being the subject of environmental concerns.

As of late, Bitcoin is trading at the lowest levels I've seen it trade in quite some time.

So I made this poll to gage the latest opinions of the users here.

The question is, due to any of these issues, or a combination of them, are we finally going to see the end of Bitcoin and
Cryptocurrency or is it still a safe haven?

Seems you are new to cryptocurrency. Scams are everywhere, you can't avoid to see it so just be knowledgeable about what you are doing. I believe that regulation is good for cryptocurrency since it will increase on it's adoption. I've seen so many bitcoin is dead headlines and this kind of headline mostly show during the market downfall where almost everyone are getting smashed by the market. There are more environmental concerns aside from crypto mining and surprise until now those concerns aren't resolved and even if mining stop, The crypto market won't be stopped.

Bobrox

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Quote from: justdimin on August 27, 2022, 10:14:09 AM

The amazing thing is, we are all saying "no" and that is a wonderful thing, having this much trust into something and that is a great deal. If just one person said yes or unsure so far, then I would have said that at least there are some people with uncertain thoughts about it but we have reached 25+ without a single unsure or yes, and that is the great thing.

Let's see when it will get better, we have been down for a while and unfortunately that is a sad thing, but aside from that I feel like there is a good case to be made about what is going on. Cryptocurrencies especially bitcoin have faced many difficult times and current situation must be just another one; we can expect a new ATH by end of 2024, get ready for that by making use of currently available dips and future dips if happen.

I believe right now is not the end for bitcoin and cryptocurrency how ever price going drop and I think still have light era with bitcoin going back again to higher price. I think if some one have been in bitcoin for several years ago he know well when China make bitcoin as restrict digital payment currency, when China announcement about bitcoin banned as legal transaction and all mining project close there bitcoin drop drastically, but what happen few years later and bitcoin success reach all time high price. I think there are not any reason to said end or bitcoin era, actually bitcoin still as potential investment assets and become most effective payment currency at the future than using other kinds of digital currency for transaction.

justdimin

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Quote from: SmallCapCoins on August 19, 2022, 02:58:23 PM

The question is, due to any of these issues, or a combination of them, are we finally going to see the end of Bitcoin and
Cryptocurrency or is it still a safe haven?

The amazing thing is, we are all saying "no" and that is a wonderful thing, having this much trust into something and that is a great deal. If just one person said yes or unsure so far, then I would have said that at least there are some people with uncertain thoughts about it but we have reached 25+ without a single unsure or yes, and that is the great thing.

Let's see when it will get better, we have been down for a while and unfortunately that is a sad thing, but aside from that I feel like there is a good case to be made about what is going on. Cryptocurrencies especially bitcoin have faced many difficult times and current situation must be just another one; we can expect a new ATH by end of 2024, get ready for that by making use of currently available dips and future dips if happen.

stomachgrowls

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Quote from: Poker Player on August 24, 2022, 03:33:09 AM

It is not uncommon that in this Bitcoin forum, the answer of 100% of the votes is no. I would have expected some troll like proudhon voting yes.

It is clear that bear markets like this have been and will continue to be, it is natural to the markets. In the case of Bitcoin, I think many of us are a bit disappointed with what the price has done this cycle, but Bitcoin is the best thing anyone who cares about their finances can have.

In terms of cryptocurrency, what happens in these bear markets is that a lot of the fancy shitcoins in fashion end up going way down or even disappearing. It's better make a sure bet on Bitcoin.

Come to think that it wont really be called a market if we wont really be seeing bear markets which people doesnt really like to see or able to experience without even realizing that this had been a part

and we do need this for further progress and overall adoption and recognition because we cant really just have that one path which is going up because it wont be called a market in the first place.

Its not surprising that we would really be that reacting that much and does have those kind of impressions whenever the price dips but on the time you do already
aware on how this market behaves or moves then you would just simply ignore and would really get used to it.

Poker Player

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It is not uncommon that in this Bitcoin forum, the answer of 100% of the votes is no. I would have expected some troll like proudhon voting yes.

It is clear that bear markets like this have been and will continue to be, it is natural to the markets. In the case of Bitcoin, I think many of us are a bit disappointed with what the price has done this cycle, but Bitcoin is the best thing anyone who cares about their finances can have.

In terms of cryptocurrency, what happens in these bear markets is that a lot of the fancy shitcoins in fashion end up going way down or even disappearing. It's better make a sure bet on Bitcoin.

Dissimulate

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It is not the end. Cryptos have a long way to go. These are a few troughs and crests caused as this is just the beginning.

kamvreto

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when fraud occurs in the cryptocurrency environment bitcoin is always the prime suspect. those who are too layman react wrongly. that it is true that bitcoin is a tool used by third parties to be used as a fraud tool and bitcoin itself is not part of the fraud.
This even became the beginning for bitcoin and bitcoin is still growing. just look at the poll results, everyone says this is not the end of bitcoin or cryptocurrency. Don't just look at the dark side of cryptocurrency or bitcoin, look at the bright side too, it will clear up all doubts about cryptocurrencies.

qwertyup23

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Quote from: SmallCapCoins on August 19, 2022, 02:58:23 PM

So we have seen Cryptocurrency hit with many huge scams, come under increased scrutiny and regulation, as well as being the subject of environmental concerns.

As of late, Bitcoin is trading at the lowest levels I've seen it trade in quite some time.

So I made this poll to gage the latest opinions of the users here.

The question is, due to any of these issues, or a combination of them, are we finally going to see the end of Bitcoin and
Cryptocurrency or is it still a safe haven?

I do not think so. Despite its price being significantly reduced compared past year, this is nothing but a natural consequence because of its innate nature and origin. Remember, check the price history index of BTC and you would see that its volatility is responsible on why its price is relatively low on the market.

Remember also that there are countries who are starting to adapt BTC as a form of legal tender. Not to mention, more and more countries also have started to integrate it into their finances and education system. The governments now see its potential use and long-term advantage to the economy.

Just to reiterate, regardless of its price being low, that does not equate that this would be the end of Bitcoin let alone all the cryptocurrencies present in the market.

yazher

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This kind of fraud and some other bad stuff also happens with the fiat and as we can see, they are still there and people don't really pay attention to it because they already know what the real problem is and that is not the fiat, the people who used it as props to perform their fraud and scams. People are confused in the early stage of the crypto industry when there is a scamming incident they thought the bitcoin itself is the culprit but now they already know the truth and they will just gonna ignore it if the same news will pop up because bitcoins have nothing to do with it. It's just being used as well.

lovesmayfamilis

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You came to the forum 10 months later to ask us if bitcoin is dying. Where do such sentiments come from? Your account is old enough to say you didn't see lower prices when bitcoin fell.
Whenever someone claims that bitcoin is dying, you will get thousands of replies against it. And each time falling, bitcoin will add the number of people who still change their positions and buy on the fall.
You have an OP, there is still a chance to join the ranks of holders.

NotATether

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Quote from: SmallCapCoins on August 19, 2022, 02:58:23 PM

The question is, due to any of these issues, or a combination of them, are we finally going to see the end of Bitcoin and
Cryptocurrency or is it still a safe haven?

23 users voted in this poll so far.

Every single one of them voted "No". Because they know that cryptocurrencies have a long future.

That's because you can't just say, "My currency has been invaded by thugs", that's how all coins are.

And whatever happened to Three Arrows Capital is not relevant to decentralized cryptos. Because their very nature prevents them from going down if any single entity crashes.

Just last month I received multiple emails from this platform called Vauld, that filed for bankruptcy - they apparently are insolvent (I don't remember how the hell I signed up for Vauld, but I never used it). Their reason? "UST collapsed, we had too much UST, 3AC and Celsius also collapsed, and we loaned too much money that we can't recall." Huh

tranthidung

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Farewell o_e_l_e_o

Quote from: SmallCapCoins on August 19, 2022, 02:58:23 PM

So we have seen Cryptocurrency hit with many huge scams, come under increased scrutiny and regulation, as well as being the subject of environmental concerns.

Life is full of scam. Life is a mix of black and white, good and bad. You can not have one and don't have another.

Scammers use everything in life to scam, if they can. Cryptocurrency and Bitcoin are just one of things they can use to scam.

Quote

Cryptocurrency or is it still a safe haven?

No perfect safe heaven in life. Don't look for it.

Everything has risk together with chance to get profit. You must have good risk-benefit management for your capital and you will be good. Good even if your investment turns to be a loss partially or a completely loss.

uneng

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Quote from: SmallCapCoins on August 19, 2022, 02:58:23 PM

The question is, due to any of these issues, or a combination of them, are we finally going to see the end of Bitcoin and
Cryptocurrency or is it still a safe haven?

Problems are inevitable in any environments. The point to notice is that crypto enthusiasts are dealing very well with issues and challenges. If someone told me the end of bitcoin was between 2017-2018, following the crash and the bearish market I would accept that as a real possibility, but now I just can't, because the scenario looks much better than before, despite the fact we are in a bearish market again.

pooya87

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Just because you lost some money bag holding a useless altcoin that doesn't mean it is the end for bitcoin. These things are not even related. You should have paid attention to the warnings telling you not to buy those shitcoins in first place.

Topic: Poll: In your opinion is this the end for Bitcoin/Cryptocurrency? - page 3. (Read 707 times)