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Author Topic: rise in "bitcoin is dead" topics shows rise in bitcoin's dominance!  (Read 1109 times)
BTCLovingDude (OP)
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May 14, 2017, 02:09:08 PM
 #1

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.  Roll Eyes

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

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May 14, 2017, 02:15:45 PM
 #2

Hodl and don't let these rats get bitcoin cheap they degenerated to alts and must suffer
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May 14, 2017, 02:20:43 PM
 #3

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.

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May 14, 2017, 02:36:42 PM
 #4

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. Smiley
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 Wink

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May 14, 2017, 02:55:53 PM
 #5

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. Smiley
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 Wink
You have a point.  The lack of persistence is annoying and we can't be jumping to a new coin every week.

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May 14, 2017, 02:58:25 PM
 #6

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.  Roll Eyes

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.

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May 14, 2017, 08:52:08 PM
 #7

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.
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May 14, 2017, 08:56:48 PM
 #8

I'm afraid the market disagrees. 54% dominance as of today. It will go lower and lower as long as these transaction fees exist.
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May 14, 2017, 09:09:30 PM
 #9

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.
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May 14, 2017, 09:21:04 PM
 #10

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.

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May 14, 2017, 10:06:25 PM
 #11

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.
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May 14, 2017, 10:33:19 PM
 #12

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.
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May 14, 2017, 10:45:42 PM
 #13

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.

 
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May 14, 2017, 11:08:11 PM
 #14

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.

Need some spare btc for a new PC that can at least run Adobe Dreamweaver.

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May 14, 2017, 11:24:50 PM
 #15

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.
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May 15, 2017, 05:26:03 AM
 #16

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.
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May 15, 2017, 05:34:44 AM
 #17

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  Tongue
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May 15, 2017, 05:57:56 AM
 #18

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.

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May 15, 2017, 06:07:47 AM
 #19

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 Cheesy

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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May 15, 2017, 06:29:17 AM
 #20

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.

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