Topic: The king is already dead. - page 3. (Read 5098 times)

Well Well

Bitcoin has died 135 times  https://99bitcoins.com/bitcoinobituaries/
return to this thread in 2018 when bitcoin go to 10k Dollars and apologize to the king 

This is no longer the case

In fact, it might have never been the case right from the start but we may never be able to find out already. Right now Bitcoin comes quite close if not to its last breath but at least to the end of its current sphere or level of existence. So we have to wait just a little over a month to see how good altcoins can fare without Bitcoin (I mean, previous Bitcoin as we know it today). If Bitcoin splits to the roots, it will become just another coin, so it will be a level playing field for all cryptocoins on the block

Haha, I ussually see some thread created look like this thread when Bitcoin crashes more than 30% value. Okay, you can freedom of speech and I will see the price of Bitcoin.
In history, more news told "Bitcoin will died soon", "Sell Bitcoin if you not want loss your money", "Bitcoin = Sh*t", ... But after, it not only continue live, it comeback and raiced up more after crashes. I think it will comeback to 3500$ soon or test again support line 1800$ before comeback

Yeah bitcoin is not preferable for micro transaction because of the scaling issue. And this scaling issue is most likely to be resolved soon. Majority of the bitcoin holder consider bitcoin as an investment and they will buy more and keep on holding it. Nothing is going to happen to bitcoin. It will retain its number one position as for now.

Bitcoin has 8 years of history, while all the altcoins only have promises and hype. Of course Bitcoin is farm from perfect, in terms of speed and costs it's far from Visa or PayPal, but altcoins are just worse. It may seem like they offer cheap instant transactions, but their networks have never been under any significant load, if people tried to use them as much as they use Bitcoin, altcoins would quickly face the same problems as Bitcoin.

We could rename the thread "The King is already dead . . . AGAIN, and like for the 4th time"  

ah he will rise again dont worry.

I said something similar in one of my previous posts. To be more clear, it is dead as payment system for micro-payments, not as an asset or a payment system for expensive stuff.

When the king dies in his place comes another, blockchain is a very promising technology in my opinion. I think that this is temporary problem and it will find a solution in future.

Hopefully it doesn't bounce before I get off work... I want to jump in for the bounce. 

My idea is that bitcoin will "die" in the not-too-distant future (maybe next month ?), not because of scaling and fees and the likes ; but rather because it has been designed as a greater-fool game, with huge initial seigniorage, followed by a severe restriction of coin emission, making it a perfect pyramid game.  When the pyramid gets too big, there's not enough greater fools coming in, and smaller pyramids grow faster with the same amount of greater fools, until they get big too.

In the end, many "last layers of greater fools" will get burned, and this game will be left for a generation or so.

Bitcoin screwed it.  It could have been a freedom money, but Satoshi designed it into a "get rich quickly" pyramid game ; in doing so, he found imitators (alt coins) which all are "greater fool games", and it entirely killed the original freedom idea, not leaving any room for a real crypto currency.  This stuff has to blow up now, make blood flow, and be forgotten.  To leave room for a genuine crypto currency.  But in the mean time, the powers that be have been awakened, and the small window of opportunity that existed to make a freedom currency has been blown by bitcoin's built-in greed-system.

However, if professional gamblers (banks, financial institutions) join the greater fool game before it breaks down, it can still go on a long time and go very high, before it will be the cause of the next financial crisis.

LOL. This thread is so funny. BTC ain't going anywhere, boys and girls. You can blow smoke up the backside all you like with Ethereum (which by the way is still buggy as hell) and IOTA (Vaporware and will likely end up in the graveyard with many other alts). I've seen these posts so many times, and FUDSTERS come and go.

Bitcoin is still in its nappies. Get real. It has a looong way to go.

There are still a lot of people supporting bitcoin. I do not think it will give up the crown any time soon. Amidst all the problem surrounding bitcoin, it still reached a new ATH. High transaction fees and slow transactions can disappoint new comers but not enough to kill bitcoin. It will survive, hopefully.

I guess this thread can be added to that other thread that lists how many time Bitcoin has been pronounced dead, I think the counter is up to around 130.

Can't seem to find the thread on this forum, but there are similar ones on Reddit and other blogs.

Even without a scaling solution in the near future, Bitcoin will probably still survive.

so if bitcoin fades away the whole alt market has the choice of either trading against usdt, which is untrustworthy and only a matter of time before it's shut down just like liberty reserve was, or ethereum which will eventually collapse under the weight of its own hubris and has undergone a 40x pump.

neither of those choices are gonna inspire me to stick around. 

Bitcoin will stay alive and i think many time that bitcoin are die but its still alive and strong ethereum is too far before ethereum will be the next king..
If can see bitcoin is growing daily and more stores locally are accepting bitcoin as payment and japan was legalized bitcoin in their country.
Ethereum will be still altcoin and i think we will see a big crash will happen with ethereum after few months or a year..

The reason why a lot of people still stick to Bitcoin is because of the security the network affords. That isn't going to change overnight. And if the scaling debate moves forward, the king may still return.

THE KING IS DEAD, LONG LIVE THE KING  

come on, we have seen this a few times this year already.
I personally think if not soon that medium to long term BTC will gain back its value.

Regarding IOTA, Its interesting but I will have to do a bit of investigating before giving my thoughts on it
From Wikipedia > The word is used in a common English phrase, 'not one iota', meaning 'not the slightest amount',

Bitcoin is not yet dead and it will never be. Its market is very volatile. Having ups and down is only natural. You don't need to panic. The King is just having its rest. He is just taking a break. Wait till it wakes up again. I can feel that it is really soon.

If you didn't involved or not use altcoins, than you can't say that. I mean, some coins really has potential and may exceed bitcoin in the future if bitcoin stay still on this problems, why its price fall down in last few days until now? Because people get tired wait for long time confirmation and high fees for greedy miners. They (miners) keep prolong this problem as long as they could to get more fees from bitcoin environment. I don't know when it will be over and we will moving forward without any miners drama.

That indirectly means that bitcoin will be standing up again when the scaling problem and any other have been resolved right? But, as I can see so far, there's no sign that it'll be sorted out very soon. I'm here talking about the fact, the fee itself always increases every day, I can't imagine how people with a transaction which only contain a small amount of bitcoin could stand with this condition but the obvious thing is that the problem now appears to be very critical. There's nothing we can do, just wait and see.