[2016-01-16] Bitcoin Has Died-For the 89th Time

[coinzat]

Did you hear? Bitcoin is dead. It's over. Or wait, is it just dying? Is it having a crisis? There is trouble in paradise. The ideals have been lost.

In a Medium post, former Bitcoin developer Mike Hern declared that the Bitcoin experiment had run its course. The community had failed. The technology couldn't develop anymore because power had been consolidated into a handful of people with an interest in preserving the dwindling status quo. And so after five years, Hern gave up his involvement with the cryptocurrency, and moved on to a startup.

So is Bitcoin dead? It is not dead. Objectively, the Bitcoin markets are still alive and well, and the Blockchain, the digital platform on which the currency relies , is still operational. As Elizabeth Stark points out on Twitter, people love to declare that Bitcoin is dead. According to this running tally, Bitcoin has been declared dead 88 times. (Hern's post would be the 89th instance of someone falsely claiming the currency was dead.) People have been declaring Bitcoin dead since 2010, and it's been declared dead twice already in 2016.

RIP Bitcoin.

http://www.gizmodo.in/news/Bitcoin-Has-Died-For-the-89th-Time/articleshow/50598768.cms

[khalized]

every time an exchange crash, btc price will drop...
I will expect also 300$ in this month or february... could be a reasonable price...
but for the period... in the long time we see again 400-500$ ...

[coinzat]

every time an exchange crash, btc price will drop...
I will expect also 300$ in this month or february... could be a reasonable price...
but for the period... in the long time we see again 400-500$ ...

I do not think that cryptsy "hack" which may be fake, has something to do with the price fall
The main reason is the devoleper and the new York time article which spread a lot of pessimistic so a lot of people are selling.

[khalized]

every time an exchange crash, btc price will drop...
I will expect also 300$ in this month or february... could be a reasonable price...
but for the period... in the long time we see again 400-500$ ...

I do not think that cryptsy "hack" which may be fake, has something to do with the price fall
The main reason is the devoleper and the new York time article which spread a lot of pessimistic so a lot of people are selling.

it's a strange period... see the oil! the price is a joke! A lot of nation cut their expense.
See china! The stock exchange lost more than 25 % in one month... I think that there are also other explanation, but I remember mtgox also local national news talk about it!

And another theory.. if people is scared to take btc inside an exchange (like kraken - btc-e) and decide to withdraw scared by criptsy collapse and price dump?

We can't now... but this a "strange period" (my 2 cents or my two mBtc )