Bitcoin Forum

Digital currencies such as Bitcoin (BTC) blasted like a bomb as prices increased to almost $20,000 in December last year. But just like a dying star, the digital currency market may currently be experiencing a collapse and an implosion.

As per the latest report from trusted technology research group, the digital currency sector is on the edge of collapse.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/postmortem-research-crypto-is-kicking-the-bucket-slowly/

https://coinidol.com/upload/resize_cache/iblock/933/900_900_1/933a5c45ffebc7acb417a39bba3b4f93.png

It is necessary to take into account that nothing serious happened to the cryptocurrency. Just temporarily fell prices for cryptocurrency. Therefore, there is no reason to panic. This difficult period of decline of the cryptocurrency will pass and will still recover. Now you need to believe and wait. Bounty hunters need while to work and accumulate we get small amounts in tokens in the hope that they will still soar in the future.

As per the article:


I'm trying to search as who is this trusted technology research group though because it was not mentioned in the article of maybe I just missed it. I totally disagree that we are in the edge of collapse, well at least for the bitcoin market. But I can't say that for altcoin as we all know that it has struggled specially in the last 6 months. However, for bitcoin, it was relatively stable and the price just fluctuating around $6000-$6500, a strong indication that we can all weathered this storm. So we're far away from the so called "collapse and an implosion"

I don't think it's worthwhile to put any effort into finding out who these entities are.

Back in the days nearly every 'expert' or 'analyst' or 'research group' said that Bitcoin was doomed to fail. Currently with how the market has matured significantly, the number of naysayers has decreased to such degree, that when the few of them that are still skeptical do happen to speak out negatively, people are somehow offended by it.

I see this as a massive step forwards. Bitcoin has proven most of them wrong, and will continue doing it in the forthcoming years. Some of them are so blinded by ignorance that they will never admit that Bitcoin is actually here to stay. It's their loss, not ours. :)

Once upon a time when prices were weak we had clueless fucksticks gumming up this forum with their worthless and clueless doom. Now profiles are that much higher we have professionally clueless doom mongers who know nothing attempting to justify their salary or qualifications. I think I preferred the vegetables who used to hang out here. At least they made no bones about what they were.

If I were running the Bitcoin obituary site I'd retire it and replace it with a single 'nope'. No one can keep up with this much crap any more.

I think somebody should tell them that it's not a problem with cryptocurrency. They're showing this chart but their conclusions are off point.

https://lh3.googleusercontent.com/3R0tLtCxCefX9ed8zZBlkc7TKJPvhuC5H4TnY7_ynCkGQ8uMB3DdTU05CxwXFWogC655Sr5J5Iarnonk75z5JjaiRLCYnWYOun8r446NxUxvqVfXMLHGa5gL9bd1VISRp5_zjsbV

We can see that Bitcoin did not lose much volume, Ethereum did. Last year there was a lot of unregulated scam ICOs funded with ETH. This year some countries banned them, people are much more aware of these scams and regulators are watching closely and issuing warnings and fines. Scam ICOs weren't helping Bitcoin or cryptocurrencies in any way and lack of ETH volume doesn't prove that cryptocurrencies are dying!

I laughed at this article. But it's not the first time that someone has tried to claim that bitcoin is dying, or already dead.

What we are in right now should be apparent to anyone with the slightest experience with bitcoin or even trading. We're in a bear market right now which indeed means that prices are going nowhere and not growing as much as it was last year within the bull market.

But you have to realize that bitcoin is not dead by any means, it's not like the technology side of bitcoin is all of a sudden fading away or it's becoming completely useless, or adoption levels are waning. It's not of that. It's just the sentiment within the market is bearish right now, and that leads to prices being lower, which is completely normal.

On my personal observations, it dies around 10 times each year in average :)

here's an interesting opinion, a comparison of BTC and oil in early years. Makes perfect sense as an explanation of the current situation. Unpleasant, yet useful info
https://coinatory.com/2018/06/14/when-will-bitcoin-change-its-trend/