Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: BTCLovingDude on May 14, 2017, 02:09:08 PM



Title: rise in "bitcoin is dead" topics shows rise in bitcoin's dominance!
Post by: BTCLovingDude on May 14, 2017, 02:09:08 PM
all these throwaway accounts and all the other old accounts like the famous duck are the living proof of the ever growing bitcoin dominance. and it is at its all time high right now.

with all the good news that are coming out one after another, like Japan, followed by Russia, then Australia and now other countries, the adoption is growing fast. much faster than anybody could have imagined.

with that came the price rise, many missed their chances to buy in, many sold in panic because they fell for a similar topic and now joined the forces.
many are holding bags of worthless altcoins which are inflated to their max capacity and are getting desperate to get out with some profit at least.

and all these will grow bigger with bitcoin price corrections. so brace yourselves, grab pop corns and enjoy the desperate topics.  ::)

honorary mention: https://99bitcoins.com/bitcoinobituaries/


Title: Re: rise in "bitcoin is dead" topics shows rise in bitcoin's dominance!
Post by: aarturka on May 14, 2017, 02:15:45 PM
Hodl and don't let these rats get bitcoin cheap they degenerated to alts and must suffer


Title: Re: rise in "bitcoin is dead" topics shows rise in bitcoin's dominance!
Post by: Qartada on May 14, 2017, 02:20:43 PM
I wouldn't call it "adoption", more like "acceptance".  There can't be many more actual transactions in Bitcoin or the fee market will go out of control, so the growth in price is more like a rise in investments rather than a rise in usage.

Real "adoption" will happen as soon as it can happen.

People making these "Bitcoin is dead" posts are annoyed about the temporary situation of delayed transactions, and are also largely people who use the Blockchain wallet with fees of 120 satoshi/byte all the time.


Title: Re: rise in "bitcoin is dead" topics shows rise in bitcoin's dominance!
Post by: BTCLovingDude on May 14, 2017, 02:36:42 PM
I wouldn't call it "adoption", more like "acceptance". 
people weren't sitting in the governments office one afternoon thinking what can we do, lets "accept" bitcoin out of the blue.
there were adoption, people wanting bitcoin as a legal way of payment, government processed the request for some time and accepted it.
now businesses are adding bitcoin payment to their services little by little.

People making these "Bitcoin is dead" posts are annoyed about the temporary situation of delayed transactions, and are also largely people who use the Blockchain wallet with fees of 120 satoshi/byte all the time.
people who are annoyed by the delayed transaction are going to come out and say fuck you bitcoin i am annoyed with you. :)
they are not going to come here and say fuck you bitcoin, ...coin is going to replace you because it is .... better than you. take a look at tech support board to see the topics of type 1 and take a look at this board and speculation board to see topics type 2 ;)


Title: Re: rise in "bitcoin is dead" topics shows rise in bitcoin's dominance!
Post by: Qartada on May 14, 2017, 02:55:53 PM
I wouldn't call it "adoption", more like "acceptance". 
people weren't sitting in the governments office one afternoon thinking what can we do, lets "accept" bitcoin out of the blue.
there were adoption, people wanting bitcoin as a legal way of payment, government processed the request for some time and accepted it.
now businesses are adding bitcoin payment to their services little by little.
The reason I phrased it that way is because an increase in transactions is meaningless.  Say that the amount of transactions doubled - that would just mean that half of them never confirm.  There needs to be adoption, which means an increase in transactions when it works.

People making these "Bitcoin is dead" posts are annoyed about the temporary situation of delayed transactions, and are also largely people who use the Blockchain wallet with fees of 120 satoshi/byte all the time.
people who are annoyed by the delayed transaction are going to come out and say fuck you bitcoin i am annoyed with you. :)
they are not going to come here and say fuck you bitcoin, ...coin is going to replace you because it is .... better than you. take a look at tech support board to see the topics of type 1 and take a look at this board and speculation board to see topics type 2 ;)
You have a point.  The lack of persistence is annoying and we can't be jumping to a new coin every week.


Title: Re: rise in "bitcoin is dead" topics shows rise in bitcoin's dominance!
Post by: wxa7115 on May 14, 2017, 02:58:25 PM
all these throwaway accounts and all the other old accounts like the famous duck are the living proof of the ever growing bitcoin dominance. and it is at its all time high right now.

with all the good news that are coming out one after another, like Japan, followed by Russia, then Australia and now other countries, the adoption is growing fast. much faster than anybody could have imagined.

with that came the price rise, many missed their chances to buy in, many sold in panic because they fell for a similar topic and now joined the forces.
many are holding bags of worthless altcoins which are inflated to their max capacity and are getting desperate to get out with some profit at least.

and all these will grow bigger with bitcoin price corrections. so brace yourselves, grab pop corns and enjoy the desperate topics.  ::)

honorary mention: https://99bitcoins.com/bitcoinobituaries/
Most of those account don’t post at moments like this where there are lots of good news about bitcoin, but if there is a hack or something you can expect them to com here and say all kind of fud, it is obviously not true but that is the way it is.


Title: Re: rise in "bitcoin is dead" topics shows rise in bitcoin's dominance!
Post by: GetClams.com on May 14, 2017, 08:52:08 PM
Everything that brings attention to Crypto in the long run helps. Just think people thought it was dead and now find out its $1800. Now they are motivated by the fear of loss and they jump on the band wagon. So the more bitcoin is dead articles the better.


Title: Re: rise in "bitcoin is dead" topics shows rise in bitcoin's dominance!
Post by: Enjorlas on May 14, 2017, 08:56:48 PM
I'm afraid the market disagrees. 54% dominance as of today. It will go lower and lower as long as these transaction fees exist.


Title: Re: rise in "bitcoin is dead" topics shows rise in bitcoin's dominance!
Post by: Pearls Before Swine on May 14, 2017, 09:09:30 PM
Everything that brings attention to Crypto in the long run helps. Just think people thought it was dead and now find out its $1800. Now they are motivated by the fear of loss and they jump on the band wagon. So the more bitcoin is dead articles the better.
I agree, even bad news like bitcoin's association with dark markets and ransomware.  That helps.

I don't know who's behind these "bitcoin's dead" topics, and I don't think there's some sort of short selling cabal or the like.  People just love to troll this forum when the price dips even a few dollars.  But look at the market:  bitcoin is at its all time high, so that tells you right there that we're not dead.  You don't even have to read or listen to anything else.  The market speaks its opinion loud and clear.


Title: Re: rise in "bitcoin is dead" topics shows rise in bitcoin's dominance!
Post by: FlamingFingers on May 14, 2017, 09:21:04 PM
I counted 12 topics about 'Bitcoin being or going to be dead' on Bitcointalk, and especially on the Economics board. So many hype since 2013 after the 'bubble,' and still, Bitcoin is stronger than ever. I bet such hype-rs are biting their fingers from regret right now looking at what price bitcoin has reached.


Title: Re: rise in "bitcoin is dead" topics shows rise in bitcoin's dominance!
Post by: GetClams.com on May 14, 2017, 10:06:25 PM
I counted 12 topics about 'Bitcoin being or going to be dead' on Bitcointalk, and especially on the Economics board. So many hype since 2013 after the 'bubble,' and still, Bitcoin is stronger than ever. I bet such hype-rs are biting their fingers from regret right now looking at what price bitcoin has reached.

I wonder what Warren Buffet has to say now! This is one he surely missed.


Title: Re: rise in "bitcoin is dead" topics shows rise in bitcoin's dominance!
Post by: SvenBomvolen on May 14, 2017, 10:33:19 PM
Everything that brings attention to Crypto in the long run helps. Just think people thought it was dead and now find out its $1800. Now they are motivated by the fear of loss and they jump on the band wagon. So the more bitcoin is dead articles the better.
Bitcoin may seem like a bubble and maybe some pop is waiting it in the future, but we really need to HODL now and don't react on all this speculation yelling about bitcoin's death.


Title: Re: rise in "bitcoin is dead" topics shows rise in bitcoin's dominance!
Post by: rekinthis on May 14, 2017, 10:45:42 PM
Hodl and don't let these rats get bitcoin cheap they degenerated to alts and must suffer
If you want to make actual money, holding bitcoin is most probably the worst thing you can do... Just think how much buying power it needs to make bitcoin price double and let's take for example how much power does doge need. The thing is that bitcoin is already big compared to cryptos so it is much more beneficial to invest in something less popular that can grow high and quick.

By the way I don't know about what dominance are you talking about. Just look at http://coinmarketcap.com/ the bitcoins dominance is really low, just over 54% while a few weeks back it was at like over 60% that means that more and more altcoins are growing, and the "bitcoin is dead" articles were always around no matter if people were pumping bitcoin or dumping.


Title: Re: rise in "bitcoin is dead" topics shows rise in bitcoin's dominance!
Post by: Tyrantt on May 14, 2017, 11:08:11 PM
hah topics like those are pretty normal for everything there is on this world. I remember  when people started saying "WoW is dead" after every new expansion that came out. So yeah, I wouldn't be paying much attention to them.


Title: Re: rise in "bitcoin is dead" topics shows rise in bitcoin's dominance!
Post by: angaper on May 14, 2017, 11:24:50 PM
This bitcoin world is full of fake news and that is why we always should manage our coins according to a responsible planning, putting aside all these alleged experts that are continuously emerging out there to show us the way to become millionaires like them.


Title: Re: rise in "bitcoin is dead" topics shows rise in bitcoin's dominance!
Post by: megynacuna on May 15, 2017, 05:26:03 AM
Bitcoin has indeed withstood the test of time and negative media propaganda like those topics and I fully agree with the OP that those topics which rose sometimes ago and even now especially after a small dump/fall goes to prove bitcoins dominance and strength so I will urge all and sundry to get on board if not yet and disregard those threads and news.


Title: Re: rise in "bitcoin is dead" topics shows rise in bitcoin's dominance!
Post by: Viscount on May 15, 2017, 05:34:44 AM
Bitcoin capitalization is veritable, maybe litecoin's capitalization  veracious as well, but other alts capitalization is obvious fake especially eth's with it's premain and 70% in one hands  :P


Title: Re: rise in "bitcoin is dead" topics shows rise in bitcoin's dominance!
Post by: uneng on May 15, 2017, 05:57:56 AM
Now the only thing worthing to do is to hold bitcoins, it's impossible to send transactions with acessible fees. To make transactions now it's a waste of satoshis and if the adoption is increasing fast as op says it will become much worse.
Adoption is good, but it's good also to make the transaction fees become normal again, cheaper than now.


Title: Re: rise in "bitcoin is dead" topics shows rise in bitcoin's dominance!
Post by: Herbert2020 on May 15, 2017, 06:07:47 AM
I'm afraid the market disagrees. 54% dominance as of today. It will go lower and lower as long as these transaction fees exist.

actually market disagrees with you, when it comes to consistent volume, consistent rise and not just 1 week to 2 month of pump and then 1 year of dump, number of merchants, number of transactions and 20 other things that i keep repeating in my comments. bitcoin has the 99% share of the market.

but when it comes to marketcap, and when you can summon coins out of thin air by adding a different line of code so that you have 90 million coins ($8 billion market cap), 38 billion coins ($9 billion marketcap), and so on, of course bitcoin's share goes down! what else did you expect out of thousands coins like this against one bitcoin :D


Title: Re: rise in "bitcoin is dead" topics shows rise in bitcoin's dominance!
Post by: ~Bitcoin~ on May 15, 2017, 06:29:17 AM
This bitcoin world is full of fake news and that is why we always should manage our coins according to a responsible planning, putting aside all these alleged experts that are continuously emerging out there to show us the way to become millionaires like them.
You better say crypto world because FUDS and HYPES are always out there to shake weak hands and grab cheap coins. Newbie always loss due to panic while whales keep on grabbing cheap coins to sell at peak price and make early exit for maximum profit.


Title: Re: rise in "bitcoin is dead" topics shows rise in bitcoin's dominance!
Post by: gamerfan on May 15, 2017, 07:50:59 AM
Now the only thing worthing to do is to hold bitcoins, it's impossible to send transactions with acessible fees. To make transactions now it's a waste of satoshis and if the adoption is increasing fast as op says it will become much worse.
Adoption is good, but it's good also to make the transaction fees become normal again, cheaper than now.

Totally agree with you!
Holding, holding, holding!

Send payment with Bitcoins is too expensive nowadays, it's better to hold.,


Title: Re: rise in "bitcoin is dead" topics shows rise in bitcoin's dominance!
Post by: szpalata on May 15, 2017, 01:01:26 PM
Now the only thing worthing to do is to hold bitcoins, it's impossible to send transactions with acessible fees. To make transactions now it's a waste of satoshis and if the adoption is increasing fast as op says it will become much worse.
Adoption is good, but it's good also to make the transaction fees become normal again, cheaper than now.

Totally agree with you!
Holding, holding, holding!

Send payment with Bitcoins is too expensive nowadays, it's better to hold.,

What happens then if we all keep holding and not spending? Hope we are all not going to contribute to downfall of our beloved cryptocurrency out of greed.


Title: Re: rise in "bitcoin is dead" topics shows rise in bitcoin's dominance!
Post by: Sniper44 on May 15, 2017, 01:09:12 PM
Now the only thing worthing to do is to hold bitcoins, it's impossible to send transactions with acessible fees. To make transactions now it's a waste of satoshis and if the adoption is increasing fast as op says it will become much worse.
Adoption is good, but it's good also to make the transaction fees become normal again, cheaper than now.

Totally agree with you!
Holding, holding, holding!

Send payment with Bitcoins is too expensive nowadays, it's better to hold.,

What happens then if we all keep holding and not spending? Hope we are all not going to contribute to downfall of our beloved cryptocurrency out of greed.

at any time, there will be many who are just investing in bitcoin and because of it they will be holding and never spend anything and will dump at some point.
they are all among us.

but it is not going to be a downfall of bitcoin, it actually has a balance now. there are many who spend and understand that bitcoin is a lot more than just what fees you pay. and there are many who think bitcoin is only cheap fee and nothing more and just a way to make profit on their fiat.


Title: Re: rise in "bitcoin is dead" topics shows rise in bitcoin's dominance!
Post by: GetClams.com on May 15, 2017, 07:11:28 PM
I think whenever you hear all this negativity, the price is a or near a low. When the problem is fixed there will be a huge rally. So buy now.


Title: Re: rise in "bitcoin is dead" topics shows rise in bitcoin's dominance!
Post by: wxa7115 on May 15, 2017, 08:41:13 PM
Everything that brings attention to Crypto in the long run helps. Just think people thought it was dead and now find out its $1800. Now they are motivated by the fear of loss and they jump on the band wagon. So the more bitcoin is dead articles the better.
I disagree a little bit with this, they say any publicity is good publicity but we want people to talk about bitcoin for the right reasons, that is exactly what the media does, they talk about bitcoin and all of those bad things that happen and people decide not to invest in bitcoin because they believe what they hear.