Bitcoin Forum

Bitcoin, the original cryptocurrency, the currency which paved the way to create a whole new market worth billions now and trillions soon has finally lived its days and given enough reasons as to why it needs to die and that too soon in order for the crypto market to survive.

Bitcoin is one of the few currencies which people buy from their local currencies on the exchanges. Because it is pegged to dollar, euro, etc it is the currency which goes up and down from the perception of people about bitcoin and its value. If bitcoin goes to 20000 dollars it is due to many people are spending 20000 dollars from their banks to acquire that bitcoin. When bitcoin goes to 6000 it is because people are selling off that bitcoin to go back to their dollar in the bank. Till here it is pretty much basic trading knowledge, what happens next is what goes beyond the conventional trader knowledge.

Now come to the remaining 1500 currencies. Almost all of these currencies are pegged not to the dollar or euro but to bitcoin itself. There are few currencies such as ethereum and litecoin which are pegged to the dollar but these again are pegged to bitcoin . We see pairing of Litecoin as LTC/BTC too if we see LTC/USD or LTC/EUR. Same goes for ethereum. Either they are pegged to the bitcoin or to tether which is said to be the dollar value for the crypto market. We might see some exchanges pegging all the currencies to their own coin such as binance coin, kucoin as well giving value to their own coin in the process.

Because all of these currencies are for sure pegged to bitcoin, they are not free from the price fluctuation when bitcoin undergoes a price fluctuation. if bitcoin is at 6000 dollars and it goes up, there is a likely chance other currencies too improve but it is not a sure case since that own coin’s performance impacts it. However, it is not vice versa. If bitcoin goes from 20000 dollars to 6000 dollars, the entire coinmarket suffers its wrath. Because it is pegged to bitcoin like 1 coin may be 0.1 of bitcoin and hence it will try to maintain that 0.1 for most part of its trading and thus if bitcoin loses its value, the other coins loses its value even though the coin might be very good and has no issues with the tech or any bad news against it.

If any of us are investing in any coin, we are basically hoping the rise of that particular coin will be faster than the rise of bitcoin so we actually make some profit of it, otherwise no matter whatever coin we are investing in, it is just like we are investing in bitcoin only since it is following bitcoin’s price hike and fall at allmost all the times.

In order for all the 1500 currencies to draw their own legacy out, they need to ensure that not only they are pegged to the USD or the other fiat currencies, but try to ask the exchanges to bring in more trading pairs so as to limit the impact of just one crypto on them and instead distributing the impact on bitcoin, ethereum and litecoin. Ethereum and litecoin should argue that they do not want to be pegged against bitcoin but rather the fiat currencies in order to chart their own history.

If bitcoin becomes outdated then only we can be free from these massive dips and the massive gains which happen only and only because of perception of bitcoin!

I dont see any reason why bitcoins need to sacrifice and paved way for other almost 1500 alternative currencies to survive. If all things being equal and bitcoins die for another currencies to lead, what will happen to the new dominating currency, lets assume is Ether. It means sooner or later ETHer also need to die for other currency to dominate?

I believe that if a person knew nothing about the crypto currency, then most likely he would first learn about bitcoin. Because people can know bitcoin, but do not know other coins. Bitcoin is known all over the world. More and more people if they hear about the crypto currency, they remember immediately about bitcoin. And if bitcoin dies, many people will simply stop believing in crypto currency and invest their money in it. Therefore, I do not think that bitcoin should die, despite its shortcomings.

Bitcoin will never die, the top dog need to be 1. Anonymous 2. Anonymous 3. Most Secure

The governments can not go after one who is truly anonymous.

yes you are right, if we think like op. then who is the leader will continue to die and death will continue.
okay, assume there's no pair again btc and eth. but how in exchanges? they always provide their own alt to be pair in their own exchange and I think it's the same.

If bitcoin will fail as the foundation of cryptocurrencies surely most of the alts in the market will follow its path,i dont think these altcoins are worthy because most of these alts doeant have any product/services to offer,surely they need to be removed from the market so our market wont have any shitcoins or worthless coin and besides the cryptocurrency's market volatile that is why you need to know how the market flows so you can adjust in any situation you are in.

Crypto brings so much conveniece like we can play gambling here in easy way and we can also use digital currency as a mode of payments that's bitcoin can brings i think you post negative about bitcoin but still it will grow by it conveniece so there's a positive in bitcoin,Moreover we use bitcoin because we can earn and we can use this for business in many ways but if you experience not good here then leave.

You have no understanding of Bitcoin, using your logic, even Dollars need to die.

Get a brain.  ???

I dont think so, if Bitcoin die all crypto going back to the 2009 year.

It will not die but will be dominated by ethereum.

Let the market to decide which one going to die and which one going to live. In my opinion, if an old relic of the past like Bitcoin die then not good for the market.

Bitcoin does tend play the same role in cryptocurrency markets as the US Dollar does in commodity markets but even if bitcoin did not exist some other coin would take the role of dominant currency that all prices are quoted in and you would have exactly the same problem.

Bitcoin is unlikely to die.
Because even better altcoin appear, but they still need to be converted into the bitcoin trading, and then can be converted into the legal currency, so I am the future of the bitcoin is likely to be the legal tender of cryptocurrency markets.

Your forgetting actual truth all remaining crypto currencies are exists because of bitcoin the trust people have on Bitcoin . 80% of the people still knowing only about bitcoin . If any countries major reaction completely reflect on Bitcoin not other coins . Once bitcoin value goes down other coins also eventually loss its market.

Guys,

I am not against bitcoin, but its just my views. Whenever i see coinmarketcap, i see similar trends on an hourly basis for all the coins which follow the suit of bitcoin. Isn't it wrong that the coins we are invested in are just following the suit of bitcoin. in order to break away from bitcoin chart, we need to move to stable pairings such as dollar and maybe include more pairings rather than just btc and eth.

Therefore I always support bitcoin even the value of it is going down and not stable. I'm just supporting two coins which is bitcoin and Ethereum that I believe it will become stable soon. Bitcoin is the number one Cryptocurrency and without bitcoin all altcoins is none.

What you said is true, all altcoins are tied to bitcoin. Usually if bitcoin is up, the altcoins are up and vice versa. However, if bitcoin fails, it can cast a negative shadow across cryptos in general, as bitcoin is the most popular. I think it's better for now that bitcoin survive but it would be fine if another crypto takes over bitcoin's #1 place. This is just my opinion.

there is no sense in BTC death. This only means that alts must live with their own life. And depends only from their work, not BTC course. Most of a dead-born project with no sense. Look for example on waves it looks quite stable to BTC or XEM. BTC now works like mood indicator on market. And this is problem just for alts not for BTC.

I may have to disagree with the subject that bitcoin needs to die, for what purpose? Bitcoin is the sole cryptocurrency that is first ever decentralized digital currency to grow in the market today with a very high currency rate it had achieved that had reached almost $20K of it's price value and no other cryptocurrency had ever surpassed it's growth. In my understanding, most of the other cryptocurrencies were dependent on bitcoin's current market price wherein if bitcoin price may drop, most of the altcoins will also be affected. Moreover, bitcoin will continue to survive and will continue to grow in greater heights.

There is no need to die because most of the people here in crypto currency are they get more income in bitcoin if bitcoin will die many people are suffering
 and lossing their job that could help the financial problem of our family.

I don't think it necessarily needs to die but is going to do so anyway, at least when and if eth takes over it.

He will die. It's unavoidable. His place will be occupied by other crypto-currencies that will be able to solve his problems. So it will become much more valuable for people than bitcoin itself

I also think that bitcoin should leave the stage and not interfere by to the growth of altcoins.

That would be like saying that the English language would die, the dollar would die or blondes would be extinct. Most of the people I convinced to invest in cryptocurrency hold only bitcoins, not interested or don’t care about all the others. Bitcoins demise would surely be a big blow, if not, the death blow to cryptocurrency.

That is exactly different than a english language, dollar or blondes for that matter. Bitcoin was cool but how do you justify a transaction fee of 8 dollars at the current prices and going up whenever bitcoin goes up! Not everyone deals in huge quantities of bitcoin so when a person wants to buy a crypto and use it to buy a product or transfer it to their preferred exchanges for like say 100 dollars, they are paying 8 dollars and are made to wait for 2 hours or even a day in some cases.
i am not saying bitcoin should crash immediately but should phase out soon.

Bitcoin does not owe anything to anyone!!!
He has a completely different goal, which has not yet been achieved.
There was not yet a single coin that could grow when bitkoin feel.
These are all pathetic parodies.
Bitcoin will die if there is no Internet on the whole Earth.
But all other coins will disappear.

Well, some of us trade altcoins PRECISELY BECAUSE of the massive gains possible in crypto.

If you can't stand volatility just invest in a money market fund and be done with it.

I do agree with you. Its crazy i think. None of them need to sacrifice itself because all of them have chance to lead without waiting bitcoin to die.
Bitcoin has no reason to die if thats because to protect the other unuseful altcoin and token.

Bitcoin will remain top dog of cryptos for the foreseeable future as there is no other crypto yet to take its place. There are many issues like transaction time, fees, speed etc. but Lightning network is coming which would aggregate and simplify transactions which in turn will reduce transaction time fees etc. This will solidify Bitcoin's number one place even further and with its supply of only 21 million would make it more valuable.

Bitcoin will remain because she is the mother of all crypto currency. if the mother dies all of its children will die too. in the near future bitcoin will become a solely storage of wealth for all of us.

The Crypto currency is only now developing and is practically making its first steps so far. So far, really a lot of new coins and their peg to the dollar and the euro goes either through bitcoin, or through ethereum. However, over time, more coins will become known to people and with the expansion of the crypto-currency infrastructure, it will be possible to create new pairs of pegs. In order for them to appear, there is no need to destroy bitcoin, just crypto currency should further develop so that the crypto currency, through which it will be possible to exchange, becomes more. New coins will still appear and for them you will need a crypto currency such as bitcoin, or at once a lot of such crypto currency, through which you can exchange them for fiat.

Have to disagree with your op there is room for everyone in the crypto space. Bitcoin does a great job leading the way and is the coin that ost people will first hear of and no doubt try to purchase. As more money comes into the crypto space it will spread out to a greater variety of alt coins.

it is unreasonable to let bitcoin to die...i agree that there is a room for every cryptocurrencies..other currencies was introduce because of bitcoin...many people knew about crypto through bitcoin and i think many of us also won't agree to let bitcoin die..

You wasted 10 minutes of my life. Thank you.

For the foreseeable future, bitcoin is still the leader in cryptocurrency markets.
Unless the quantum computer can crack the bitcoin private key, I think bitcoin will solve this problem as the technology continues to escalate.

I agree!. Bitcoin is holding back a lot of better coins. I think bitcoin needs to go so the others can flourish instead of these massive price fluctuations we are having.

I MB blocks? Bitcoin is the walking dead. A zombie

I don't think the death of bitcoin will do anything good for the cryptocurrency.
Altcoins being traded in bitcoins pairs is not the reason they are dumped or pumped with bitcoin.
Even if all altcoins are traded in fiat pairs, people are inclined to see them as a whole.

OP, If Bitcoin die (though impossible), Ethereum will be your new culprit for the downtrend, etc. and you will create another thread that titled "ETHEREUM NEEDS TO DIE" and soon whosoever paired with altcoins. It will be unending cycle.   :D

So how long do you think that some of the better altcoins will take to free themselves from the pairing issues and we will see them move upwards despite bitcoin sinking when another retraction happens? Wouldnt it be wonderful to introduce fiat pairs and pairings with litecoin etc just to take the load of bitcoin. I feel bitcoin is getting value because of these altcoins only where people buy bitcoin because they need to buy those altcoins!

Wouldn't fiat pairs and pairings with multiple other cryptocurrencies solve the purpose for it? How often we see dollar and euro failing or having been devalued themselves in the traditional market when compared to bitcoin "the original currency".  When i said die i mesn it to phase out to make the whole market stable.

Just in case it happens someday, so it will be your own fault. You should not rely your life and family on cryptocurrency only. We do not know how long we will be able to trade crypto, it might be gone in the future. So prepare yourself before too late, get a real job or build your own business from what you have earned from crypto. It would be a better decision instead of relying on crypto only.  


Absolutely agree with this, there is no reasons why bitcoin should die to make other coins survives.

the massive drop in Bitcoin’s price could be blamed on a lot of things
news from south korea and the decisions banks make for credit cards
but according despite the very negative news it is above the price of 3 months ago

Well Nice reasoning its convincing. Needing to sacrifice other coins to get an opportunity it makes desperate. When its start the sacrifice keeps repeating and can lead to cycle. No need for sacrifice If othrr coins has a opportunity it can grow and be succesful font blame other coins why they are not succesful. They all have a chance the problem os if the invest like it.

bitcoin as a trading partner but they still have another couple being traded. As you are correctly stated depending on the exchange site. To be honest, I do not like what happens with bitcoin affecting the rest of over 1,500 crypto. Altcoin must be free of bitcoin rather than tied to its apron strings. It should not happen whenever bitcoin goes down, altcoin does the same thing. It's pretty easy to guess.

There is no need for bitcoin to die in order to free the other cryptocurrencies from the so called bondage of price. Many altcoins have the capability to become independent and can make a positive growth even if the bitcoin price is suffering massive dips. Let the altcoins find some ways to grow without being tied up to the bitcoin price.

You're right. Bitcoin will die for whatever reasonThere is no way to break bitcoin bitcoin firmly.You have nothing to say.

If bitcoin is going to die it wont be soon. For me, the only way bitcoin to die is because of some projects like hashgraph or IOTA where there are no miners. As long as there are miners bitcoin wont die. Not even that, but as long as there are miners bitcoin will have dominance in the crypto world and crypto currencys.

it seems that there is already movement in the bitcoin itself seen from the garfik that I see in various exchanges.
maybe soon bitcoin will return to the price he has achieved
and can even exceed it. i'm sure of that.!

If bitcoin will fail,most of the altcoins would collapse especially those who doesnt have any working product/services to offer to the people.Foundation of cryptocurrencies is bitcoin which if this fail the whole community might collapse too,bitcoin shouldnt fail if you want these altcoins to survive,because the market depends to bitcoin's price movement.

is it possible in south korea and china is there a government game behind the news?

it's really true .. we see at this moment only when bitcoin decreases drastically all altcoin come dump ... from there we can see it

I suggest you dont need to make such statement. Bitcoin is the father of all cryptocurrencies and it needs to live on .

Please don't make such remarks please as anything that happens to bitcoin might affect the whole entire industry

Maybe this will happen someday, but so far I do not see the cause of Bitcoin death. Perhaps if bitcoin becomes obsolete, the price will be tied to another coin.

for now bitcoin still can not be said to die because until now digital currency currency is still held by bitcoin that number 10k $ more.

it  defenetely will stay alive, but it won't be so viable as it it now, we should look on gold backed ICOs such as goldmint$)

I think you are wrong, because Bitcoin will not only stay alive, but the demand for Bitcoin will increase and with the limited supply - the price will raise again.

Man, it's only the beginning of a new era. Dont panic so much. Yes, it has its own disadvantages but until it has potential to make real money it will grow up. That's my simple point of view in that case..

I don't agree with the assumption that bitcoin will die, bitcoin as known by everyone is biggest for now anything can happen in subsequent years where other Altcoins can compete so closely with bitcoin.

the situation u're describing will be sorta mitigated as bitcoin becomes less of a reference currency in exchanges, already many exchanges are adding eth-pairs, ltc-pairs or even dogecoin-pairs. Whether bitcoin needs to die will depend largely on the role it settles in (i.e., medium of exchange, store of value or what else), and whether it functions well in that aspect.

Just as the masses found btc in early dec, then found alts in mid-dec to early jan, sooner or later, alts with solid teams, real use cases and real participants in their ecosystem will gain their own places in mainstream folks' daily lives. Bitcoin might or might not have a place in that world, we will have to see.

Bitcoin can't die. It is here to stay. It may be obsolete compare to some blockchains, but it is still the number one and will stay the number one. Also, who is really using blockchain now except for trading? It doesn't need to be fast as every operation is made on the exchanges.

with US beginning to pursue miners for perturbing mobil network I don't know where it will end, but mining in populated area will be more and more difficult

Why say such terrible things. I think that if bitcoin crashes, then most of the market will just stop working, if you consider that only bitcoin has about 10 forks, these are the ones that I know, so maybe it's better just to have it

I would understand if you had posted this few weeks ago. But today this post doesn't make much sense. There are only 5000 unconfirmed transactions at the moment, 50 sat/byte is enough for fee which means you can send transaction and pay 1$ and it will be confirmed very fast.

And to OP, if bitcoin dies and litecoin or ether replace it, we would see ltc-altcoin and eth-altcoin pairs and another topic "litcoin needs to die" "eth needs to die" and so on.

bitcoin will not gonna die its because the other people works for it and then let the market do its job.

You took the words out of my mouth.

Looks like a comic post to me. If you want altcoins to be successful then why Bitcoin should be dead? Is this some kind of revenge game? Why don't they both co exist? Which is very much possible. I know Bitcoin is outdated in tech wise but still it's the original decentralised Crypto.

Bitcoin don't need to die in order for the altcoin to be on the top. Is there any possibility that they will both exist in the cryptocurrency world and have a healthy competition. We must support and invest for both in order for them to survive linger in the cryptocurrency world. Cause if Bitcoin will die there a possibility that altcoin will die to. Like a domino effect.

It doesn't seems to be that kind of problem you're trying to present. The cryptocurrency will survive till the day it'll evolve into something really new and differ.

I hope he negativity spreader about bitcoin around the forum. These kind of threads goes with sharing the fake news and negative impact about crypto world should be trash out from the forum. From the time see this subject itself I really feel the angry on increasing the power of crypto world.
If moderators allows to mark the red trust on the trollers about BTC alone or all the cryptos that would avoid these spam thread creators from the forum.

bitcoin do some great things and the way on how we are looking for it are the best currency to be that we may have encounter for , so for me this is more best to be is just trust what we have right now and what we are able to take for here in bitcoin.

So you would pick every single coin and peg them to euro or dollar aswell? doesn't seem like a solution imo. And your perspective is just about making money tbh witch is short term.
These price fluctuations only occur because there is so little currency in crypto compared to fiat. Flip the tables and you would get a different scenario.

There is no such news related to this or no one forecasted about it that bitcoin will be dieing or it should die. If you are getting a source of income by this mode than its good. Just think if in case it dies than who will be paying to the investers in that case again their will be decrease in GDP of the country. You are saying that bitcoin needs to die than this thinking is different to every different invester.

Yes buddy i am also felt the same. When i saw this subject i am also got angry. Nowadays these kind of negative spreader increasing in the forum, they are trying to dump bitcoin. But its never gonna happen. Because bitcoin is a head of crypto world.

These arguments are generally correct. However, in order for the crypto currency to continue to develop and there are many other couples to trade and that they are not related to bitcoin, it is not necessary that bitcoin is dying. You can simply increase the number of these same pairs for trading without bitcoin. I think that this will happen with time. Either it will happen. that bitcoin will not long eliminate its shortcomings and lose its leadership. However, in this case, bitcoin may disappear from the market, however, the binding will be to some other altcoyin, say, the same ethereum and everything will be repeated again. Hence the conclusion - it is just necessary to increase the number of pairs for trading, so that there is a great variety and that the trade is not tied to any one or several crypto-currencies.

LOL. What for? It seems to me, on the contrary, it must exist forever. The death of bitcoin will mean the death of the crypt. No matter how bad or good we are towards him, but much depends on him.

Altcoins are tied to bitcoin only for one reason - almost none of them have trading pairs with dollar, and those who entered alcoins for dollars only - they see the up-market and dont sell. And what happens when they realize this is the end of up-market? Yep, they sell, maybe cash out - selling bitcoin too, making it deeper. Thats the simple magic of bitcoin-altcoins dependence

Bitcoin is still the king and mother of all altcoin, and alternative altcoin ETH to get bitcoin. There is a lot of investment built around bitcoin, So have a lot of life itself. Falling prices are immediately supported and bought by people waiting on the sidelines for the long term, It has become an asset that people like want, that is gold.

In my opinion if Bitcoin die we can bury the whole cryptocurrency, I believe people forget that everything in life has a growth process Bitcoin and altcoin is not behind, however it took a lot for Bitcoin to have this high investment, i believe also the altcoins are respecting its process, we should always think in tomorrow.

Bitcoin is still the king and father of all altcoin. There is a lot of investment built around bitcoin, so have a lot of life itself. Falling prices are immediately supported and bought by people waiting on the sidelines for the long term, It has become an asset that people like want, that is gold.

An interesting topic to be discussed and analyzed. So, the question we must ask is: What will happen if Bitcoin dies?

1- Abandonment of almost 80% of the money invested by large investors
2- Calamity in transactions and negotiations
3- Negative criticism, will anger the image of the crypto
4- All altcoins will follow in a matter of time the death of Bitcoin, where we know that all depend on Bitcoin

I don't agree to be honest, bitcoin is the brightest idea here, we are here just because of satoshi's vision.
Don't forget the lovers of btc, everyone here in crypto knows about bitcoin, even if it gets dumped hardly, new peoples will come and buy many coins, thats the real deal.

Much people consider that bitcoin is weak and it is time to assign a new main coin instead of bitcoin. My opinion there is no equal competitor for bitcoin just right now. Certainly there are several very perspective coins but they are not so popular like bitcoin so I am sure that bitcoin is a top coin right now.

I don't think that crypto world will be better without Bitcoin. Bitcoin will be fine without all the altcoins, but altcoins will be a lot worst without Bitcoin.

If Bitcoin dies, it will bring all other coins with it. If we can notice, the value of Bitcoin has a great impact to the value of other coins. If we wish to cease the existence of Bitcoin, it might be the death of cryptocurrency.

Bitcoin does not need to die. I think wanting bitcoin to die is just wishful thinking because it is here to stay bitcoin is the biggest coin in the market and it has one of the best projects out there. it will keep growing at an incredible pace and all other coins will just follow it. there's no way to actually stop bitcoin from growing and wishing for it to the question for the whole of the crypto currency market to just die with it

Bitcoin does not have competitors among altcoins this is proven by time. The only reason bitcoin can die - a new technology, but so far all new projects are based on the principle of btc

You here are very wrong. Why would he die if cryptorines are only at the beginning of development?

bitcoin will remain alive for me, with the passage of time cryptocurrency will be more advanced and will be more and more altcoin growing and certainly more expensive will cost bitcoin, it's pretty hard to give a speculation that bitcoin will easily exhaust and lost, thus the price will be higher bitcoin and survive.

I don't think bitcoin will die even if it's all over. it will only be even more in demand and rising in price.

Bitcoin is the best coin. The best idea and the whole crypto madness started after Bitcoin was created. I don;t think that Bitcoin needs to die. I think that Bitcoin should be honoured and respected.

Neither of which is eternal.  We must assume that our world is developing.  There are always new more promising technologies that replace the old ones.  But bitcoin will exist all our generation of my opinions.  Not the whole world is using it for 100% reason that it will die no longer

Sorry but that is an absurd statement, Bitcoin leads the market yes, and it is also by far the most valuable coin. But it has that element of security to it and if you ask anybody with little or no knowledge about crypto to name a coin it will be the first and probably only one they think of. Money cycles in and out of Bitcoin to the alts but if Bitcoin is to be toppled from its top spot it needs to happen organically by growth of the competition.

I think so too, and the good news bitcoin continues to grow until now, bitcoin still continues to exist but the price is now decreased and that's good news for potential investors to immediately buy it

bitcoin will not die because I do now by buying or selling altcoin because by buying we can pump the price of bitcoin to go up and if bitcoin goes up then all will be happy, and if bitcoin die I do not know what will happen with altcoin without bitcoin because I know both bitcoin and Altcoin need each other

Of course bitcoin won't die even it crash it can recover again. No valid reason to go on if bitcoin wasn't in crypto 'coz it was the founder of crypto currency. So to make the long story short bitcoin will remain in crypto world wide forever.

Some truth is in your words, but the question is in the other and what will happen next with the market as this will affect the investor community. You understand that this is very easy and does not quickly pass, it will take a very long time to make up for this loss and take its place.

Yeah maybe OP is what we need to sacrifice so no story telling will happen again .

After this how many paragraphs what he only needs to make sacrifice bitcoin for the sake of others
Whats this a Ritual?

Remember this OP bitcoin will live,and you may die first but bitcoin will remain here

Actually, I don't see the exact influences or impacts that should the Bitcoin have to die. I'm sure that the presence of the Bitcoin is exactly a starter of the emerges of many other cryptocurrencies. In this situation, supporting the bitcoin means supporting the other altcoins. There will be a huge improvement of the impact when the bitcoin dies.

I don't really think that if bitcoin will die it'll help market. Because if bitcoin will die every other currency will die too

Rather than that I can would say that the world needs a universal global currency. And bitcoin is not important