Topic: Who Killed Bitcoin?? Greed? Government? Fraud? Idiocy? - page 3. (Read 602 times)

They rush to proposed to get tax on it which likely the result of panic selling these last few days. now no one knows when will the price of bitcoins in the market stop dropping. This time it's all the big whales shot. if one of them will sell, the price will more likely go back to under $20,000 again or worse. we should know that before we reached this high we had lots of tragedy and disappointment, it's so sad that the price is dropping again in uncertainty.

There are several flaws in your post.. OP.

The developers of Bitcoin (BTC) never gave up ANY of the core principles of Satoshi Nakamoto. When you use it without third party services, those principles are still in tact. Yes, some developers like Gavin and Mike tried to sabotage it, but they failed.

Governments have always had the upper hand, because they make the laws, but people still have power. (Use your vote and creativity to get around some of the restrictions)

You know the saying... "Shit draws flies" ..... well "currency" has value and it will attract the attention of criminals. (Nothing with value has escaped that)

Lastly, you talk about other Alt coins giving a higher Return on investment than Bitcoin.... well that would be right, if you are focused on profits and not using this technology as a currency. (None of these shitcoins has the network of services that accepts it as a payment option, so BTC care less about being the top PROFIT maker, but rather being the most widely used coin) 

sometimes there are many people saying a statement as if someone is trying to kill bitcoin or the like, basically bitcoin character is strong in the crypto market. It's not easy for bitcoins to be killed or destroyed. the most appropriate is that someone was killed because of bitcoin, usually because of the loss factor against bitcoin.

What do you mean by killing bitcoin? none killed bitcoin and I sure none can do such thing at lest since this time I'm writing this post due to several reasons you can't kill/shut down it and no matter how strong you are. By killing bitcoin if you mean the recent price correction, I should say that's really normal because after each bullish price movement the market the price need to do a correction according to the market situation to save some more potential and reach higher levels. In other words, you can't expect the price to always rise and reach a new ATH. sometimes it need a correction and it's totally normal, none killed anything.

Historically to 2009 BTC was a nerd coin, then post 2014 became a scam-coin, then post 2020 became a mainstream 'Goldman Sacks' shit-coin

It's no joke that the robin-hood traders think that BTC is orchestrated, & pumped by old farts. Boring, and when things get boring, expect for a new kid on the block to rule the roost.

Given that the geriatrics controlling bitcon.org have slept with the IRS, FBI, and NSA; Given that post-millenials don't trust post COVID, they know that the agenda is euthanasia, I think that the smarter survivors will adopt a coin for long-term survival.

The old farts running BTC think that they're going to live forever on the blood of children, think MUSK&Thiel, google "parabiosis" don't have to make this stuff up, modern vampires.

Remember, the reason Thiel(palantir-cia) and Musk Paypal, are the leaders of BITCOIN in public is they're the poster boys for the new normal. Think "Matrix"

---

Satoshi(NSA) specially chose weak parameters for Bitcoin, both SHA256&Secp256K1, have limited lifetimes before they can be broken by the general public, then BTC goes to zero.

The CHINESE cbdc will have explicit expiration dates, BTC its sort of hidden, even the NSA didn't know for sure when SHA256 & SECp25K1 would be broken by public.

BITCOIN allowed the GOV ( BIS-NSA-IMF) to normalize crypto-currency, now that its an accepted thing, GOV all over the world will release their own crypto's into the wild. Not unlike today where all gov's unleash their own FIAT to infinity.

---

Well its back up to $52k, so somebody is buying.

Does anybody think the FED will bail out BTC? Now given that so many institutions are using BTC as 'cash savings account', and the past weeks loss of -25%, and now -20% at $52k

The pain is going to be felt Monday AM in NYC. Right now, its denial 'HOPE' that BTC goes back up, before the 'investors' are told of their losses, for right now, nobody knows really which large institutions are setting on the losses.

This  post isn't even about BTC price, its about why the BTC-ORG chose to get in bed with the US-GOV? Defying the very reason for BTC being born in the first place.

[moderator's note: consecutive posts merged]

bitcoin is not dead, at this point there is a lot of bad news that can destroy the popularity of bitcoin so that the price goes down. investors greatly influence the price of bitcoin in the crypto market, I think all of these problems start with investors who want to buy bitcoin at a lower price. at this time we are just being patient and waiting for the price of bitcoin to rise instead of selling it at a cheap price and we will regret it at a later date.

Market may move up or down based on trading volumes and other factors.

Fear of not being able to control money in governments hurt bitcoin. But they too will now admit that bitcoin is a reality. They have to. At first, the US government will accept this.

All of these things are not able to destroy the bitcoins. News like bitcoin ban in certain countries or tax being imposed on bitcoin may have a temporary negative impact but in the long run no one can stop the growth of bitcoin. I prefer to listen to good news about bitcoin adoption and ignore all the negativity which is being spread about bitcoin.

I suggest that the OP add its contribution to the "Bitcoin is dead" agenda, and to try to educate himself in some serious places than those he visits regularly. Some people sometimes promote conspiracy theories, others obviously live in them constantly.

Bitcoin is not dead yet. However, a decentralized currency will always be viewed as a threat by all governments who are not able to control it. Given, that few countries are in the process of issuing a centralized cryptocurrency of the state, such as China with the Digital Yuan, it is likely that Bitcoin will be outlawed by the governments (in a phased manner with window for conversion).

Further, Bitcoin doesn't have an identity apart from being a currency whereas cryptocurrencies like Ethereum also work as a coin of a blockchain to create something on the blockchain.

I believe that the aforementioned reasons would be primary reasons for the demise of Bitcoin.

Quite an informative posts that makes an interesting read @OP. In as much as, I don't accept most of the supposed stated facts, I like the way you pointed them out and related it to actual scenarios and with dates. It would have been more appreciated should you have put links to your research source because, I doubt you got all thses informations from your memory only.

Well, no one is killing bitcoin and bitcoin still rains supreme amongst other coins because, it’s actually what paves the way for other coins to make the charts and some interesting numbers. Bitcoin going bloody means almost 90% of altcoins going bloody as well. This is not statistically proven but from personal observation of the moves in the coins on coinmarketcap.com.

Its normal in times like this to get some insight as to why bitcoin and other coins are on the down side and most times, the analysis becomes wrong. Sadly when bitcoin finally booms again, the same analysts won't be so kind to come and withdraw or give us a detailed reason as to why!

There is always going to be a cry chicken when the clouds go dark and should you choose to sell, it could be at the receiving end and the promoted phobia continues. Only bitcoiners or crypto enthusiasts can stop bitcoin, its a very difficult or impossible task for this to happen so, let's keep faith.

Your post is non-sense. What does BTC have in common with the shitcoins when all shitcoins are just BTC copycats? Stop spreading FUD, BTC is very valuable and its price is awesome. HODL!

Why is it that every time the charts are in red, someone comes along claiming the bubble is finally bursting because of [insert reasons]? When the price is rising, it's all good, but when it's going down we are all going to die.

Many factors have contributed to the recent decline in BTCs value:

• The flooding in China that put some miners out of power and unable to mine.
• The money laundering investigation announced by the US government.
• Biden's plan to increase taxes on those earning over $1 Million/year.
• Just a normal correction following months of positive price movements.

All this will pass and be forgotten, and so will the stories of bitcoin being dead.

Why you decided that someone killed btc? The king is still here, just another correction. Even not the first in this year

To be honest I sincerely don't know what you are so pissd about! If btc is not anonymous enough for you anymore and you are afraid your privacy is at stake then look for alternative or better yet create your own anonymous coin to solve this problem for you ( that way you can be hidden from the rest of the world, be your own bank, your own island as well) am sure nobody will miss you  .

For as long as I have exited people have been leaving with their identity known, I can't seem to recognise anything bad happening to them, people have their identity all over the Internet, they are still breathing just fine, have not been taken to the darkest pit, lol,  I don't know why people crave for anonymous so badly when in reality nothing is anonymous, whenever you make use of any public services, you reveal your identity except you plan on staying away from all this services and leave in a cave somewhere in the deep forest, that way your anonymity will be ensured, dude, go clear your head.

Well that doesn't mean that Bitcoin is dead or King of shit does it?
Well yeah the institute invested,huge and well known companies invested on it but that doesn't mean that it's dead if they decided to pull out,
Right before they invested crypto has already been living more than a decade they just strengthen it but that doesn't mean without them it would die or would be dead.
It could drop down to where it was before they invested but I believe that it wouldn't end or kill Bitcoin.

Exactly, we are the lifeblood that keeps the .arket alive and volatile. I think that bitcoin is functionally immortal as long as people are trading and hodling bitcoin and the only way to dispel that immortality is either we as a human race gets wiped out or there is a god snet alternative that is far better.

It reached $63k a few days ago, mostly because of the COVID plan-demic.  Easy money, cheap loans, stimmy-checks to all breathing. Many reasons why excess fiat capital flowed to btc, mostly because the financial media was calling btc the 'new cash', with banks paying 0.01% interest, post summer 2000, $1T (trillion USD) was moved to BTC, and sure it rose 600%, and now its down 25% a loss of $350B in a week.

Yes, I agree exactly. Nobody can afford to kill  BTC, now that $1T that came in was mostly loans ( think Musk ), or OPM, the recent loss of $350B will send shock-waves through the financial USA system, so the FED will have no choice but to 'bail out' BTC, because its now too big to fail.

The problem with this is then BTC becomes just branch of US-FIAT Murder, Inc., exactly what "Satoshi" was against  in the first place, so now BTC is an enabler of the Fiat-to-Infinity USA Ponzi that is robbing the world of tangibles, but only leaving toilet-paper as collateral.

This is the death of Bitcoin. The fact that BITCOIN will now be TBTF, and bailed out by FED, means that BIS-FED must take over complete control of BTC, 100% KYC.

Now you see this as a good thing, that so long as the price is stable, or up - you get richer, that's all the majority care about; Biden can & will send the majority of you off to a new war to kill for bitcoin. You will buy into the new paradigm, cuz it makes you rich.

The fact that BITCOIN is no longer enabling freedom, the fact BITCOIN is now just another Wall-Street Shell-Game is what I mean that Bitcoin is Dead, as we knew it.

---

The $1T that came into BITCOIN from Summer 2020 $10k to Spring 2021 $63k, that money didn't come from johhny-HODLR, and to suggest such is 100% bullshit.

The money came in from institutional investors, in search of a place to 'park' their cash, lieu of the bank or money-market. Given institutional investors could only get 0.01% for a bank deposit, and most conservative people were in 'cash' and out of the stock market, ton's of 'cash' got parked in BITCOIN

It was good while it lasted, now as of yesterday ASIAN time, the west has lost 25% of  their cash, that was invested in this ponzi. Head's will roll come monday at Wall-Street, people will suicide, the FED will step to and buy BTC-ETF's, anything that can get humpty-dumpty back up on the wall.

The important thing to realize is that if the FED doesn't step in and spend $500B to bring BTC back up to $65K and keep it there, then it will free-fall back to $10k and the US-Economy will be in a state of shock, as the losses will exceed the Bernie Madoff scandal, or LTCM


Talking of Johnny Hodl'er, he owns on average 0.05BTC, he's about as important to BTC as a flea on a beach.

[moderator's note: consecutive posts merged]

Bitcoin isn't dead,
We(Bitcoiner) are the one who is killing it (If you think that it is dying).
We are the one who is responsible for it's movement we shouldn't blame it on other we who hold Bitcoin contributes to every Bitcoin movement.
If it goes down it is because we or other holders sell their coin if it goes up it is because some bought it, It is as simple as it.
And AFAIK Bitcoin is pretty much strong and kicking how could you say that it is dead and king of shit-coin?