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Author Topic: is this the end of bitcoin?  (Read 5142 times)
Mehek (OP)
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April 12, 2015, 04:26:47 PM
 #1

well hope i was wrong..but from somedays here on bitcointalk i have seen a lot of sites collapsed due to no funds or any thing...even many exchanges also got robbed..in this week time when price is still falling....hardly there are some peoples like muhammed zakir,quickseller.....who are still tryng to develop this system and tryng to work on new projects...but i wont think with peoples scammy behaviour or stelling coins will ever make it good again...i strongly feel that we need something like mtgox..or we need many stable exchanges...anyways..lets discuss that how we can save this falling train of bitcoin
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April 12, 2015, 04:30:43 PM
 #2

Most centralized exchanges will collapse if they issue unauthorized IOU for volume uplift like Mt. Gox did. More & more people are realizing this fact and moving towards exchanges like www.LocalBitcoins.com or www.100bit.co.in. These are the future. And bitcoin is much more than just exchanges...
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April 12, 2015, 04:40:57 PM
 #3

bitcoin is the future currency so can't compare with just an exchange to bitcoin, much bigger companies like Microsoft,Dell and much more now accepting it as payment method  that is just beginning so you can not say that is end of that.
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April 12, 2015, 04:45:01 PM
Last edit: April 12, 2015, 04:57:45 PM by NyeFe
 #4

Bitcoin is being adopted by new companies everyday. This means the currency will consistently continue to strength, as more users begin to hold it. I haven't heard of security breaches from organisations such as blockchain.info or coinbase, which means any security breach to a Bitcoin startup must be a human error.
Small developers like me, are trying to get into the market as soon as possible because we understand that this a needed service, which will revolutionise financial systems and technologies.

Any pessimistic views you hear about Bitcoin, is ultimately to deter you from using this new financial systems, which will ultimately force bankers to CHANGE (though I doubt they would be necessary anyways) the UK government has already adopted Bitcoin, after seen its potentials, and hopefully others will follow suit.

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April 12, 2015, 04:47:20 PM
 #5

there are some peoples like muhammed zakir,quickseller.....who are still tryng to develop this system and tryng to work on new projects...

Um.. what? What projects are they working on?

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April 12, 2015, 04:49:11 PM
 #6

Right now it's the end of the old infrastructure, we will see if btc dies with it
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April 12, 2015, 04:50:35 PM
 #7

I do not think it is the end of bitcoin. Right now Bitcoin has had a bad start to the year and towards the end of last year when a few exchanges got effected and caused panic across the globe and caused a selling frienzy. Bitcoin is only getting started as more company's adopt and take bitcoin  as a payment gateway for payments and new business. The more business that start using bitcoin and crypto the better it will get. Right now all people are doing is selling off their coins and could still drop lower than currently is before their is any real good increases in price. 2 more months and we are half way though the year with a down trend maybe once its found a bottom level it will then go back up. But at the same time it is very hard to tell if we will see a price increase. Might as well enjoy the low prices for now buying what can and playing exchanges on other coins that are succeeding in prices and going forth.

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April 12, 2015, 05:08:27 PM
 #8

well hope i was wrong..but from somedays here on bitcointalk i have seen a lot of sites collapsed due to no funds or any thing...even many exchanges also got robbed..in this week time when price is still falling....hardly there are some peoples like muhammed zakir,quickseller.....who are still tryng to develop this system and tryng to work on new projects...but i wont think with peoples scammy behaviour or stelling coins will ever make it good again...i strongly feel that we need something like mtgox..or we need many stable exchanges...anyways..lets discuss that how we can save this falling train of bitcoin

This is the beginning. Bitcoin still 6 years old. And about the exchanger which collapsed that's just human error. Scammer? Stay away from them! I'm sure bitcoin will shine in the future.
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April 12, 2015, 05:16:36 PM
 #9

Bitcoin is so capitalized now that the danger of a collapse is minimal at best. There will continue to be ups and downs but a complete collapse is a very remote possibility. These collapses are a good thing for bitcoin long term. The smartest and strongest entities are the ones that will survive long term and the ones that deserve our business. The brush must burn for the trees to thrive. 

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April 12, 2015, 05:20:38 PM
 #10

yes, this is the end. finally. RIP.

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April 12, 2015, 05:24:48 PM
 #11

I think bitcoin security always increase day by day to prevent any past damage happen on present and for another future.
I believe BTCitcoin still have bright future. For someone that still trust on it, I'm sure that day will come.The day when someone really waiting for...when you guys hold BTC 1 = more than unexcepected
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April 12, 2015, 05:24:56 PM
 #12

Entirely the opposite. These sites are case examples demonstrating the need for actualized use of blockchain technology to prevent these kind of centralized failure points. They scare off some people initially hearing about it, and lower the value of the bitcoin currency in the mean time, but they assure demonstrative examples of how and why decentralized systems are necessary and create an atmosphere where nothing less is acceptable.


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April 12, 2015, 05:25:36 PM
 #13

bitcoin is the future currency so can't compare with just an exchange to bitcoin, much bigger companies like Microsoft,Dell and much more now accepting it as payment method  that is just beginning so you can not say that is end of that.

Really, future currency? I don't think so anymore, yes some companies are aceepcting Bitcoin, but it seems that didn't make much progress in last year, on the contrary, Bitcoin become the one of the worst investments of 2014.
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April 12, 2015, 05:29:55 PM
 #14

OP , by that same logic you could say many US companies went bankrupt , is this the end of the dollar?

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April 12, 2015, 05:32:25 PM
 #15

Hopefully this will be the end of pessimistic speculations, used for scaremongering

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April 12, 2015, 05:37:18 PM
 #16

bitcoin is the future currency so can't compare with just an exchange to bitcoin, much bigger companies like Microsoft,Dell and much more now accepting it as payment method  that is just beginning so you can not say that is end of that.

Really, future currency? I don't think so anymore, yes some companies are aceepcting Bitcoin, but it seems that didn't make much progress in last year, on the contrary, Bitcoin become the one of the worst investments of 2014.
You will still earn more by investing in bitoin that just keep your money on a bank account. Do you know what people said about bitcoin in 2011 and 2012? They just thought that bitcoin is just a toy for geeks.
Bitcoin is just too young of an invention to judge if it is successful or not. After 5 years when internet was created people were skeptical as well.


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April 12, 2015, 05:38:46 PM
 #17

Hopefully this will be the end of pessimistic speculations, used for scaremongering
what will be the end? the price did not raise did it? in my opinion there always were and will be pessimists
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April 12, 2015, 05:45:37 PM
 #18

last time i checked  current price(238) is different than zero, since when $238 is considered dead? bitcoin is just going through a difficult time, a long despair phase

and we surely don't need another incompetent like mtgox, mtgox is actually the culprit for the current price(at least partially), do you really want something like that again?
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April 12, 2015, 05:56:44 PM
 #19

Hopefully this will be the end of pessimistic speculations, used for scaremongering
what will be the end? the price did not raise did it? in my opinion there always were and will be pessimists
For all of you that wish that bitcoin is dead, Bitcoin is going to disappear or Bitcoin Futures Will Be The Death Of Bitcoin I have a great source of information, check out this site, and see how many times in the past bitcoin was dead: http://bitcoinobituaries.com/

After reading this you may want to stop grumbling.


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amaclin
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April 12, 2015, 05:59:43 PM
 #20

well hope i was wrong..
you are right. this game is near to the end
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