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Author Topic: Why Bitcoin is dieing?  (Read 1666 times)
A1exander
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August 22, 2017, 07:39:10 AM
 #21

When bitcoin price crashed from $31 to $2 six year ago, a lot of people thought it is probably dead. I've been one of them, but fortunately I did not sell (I mined, not bought the coins, and then the sum was tiny anyway). Then I've seen the price climb to $100 in 2013, and now it is $3800. Does not look like dying to me...
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August 22, 2017, 07:44:37 AM
 #22

This is insane actually, Dude try to do a research or do some back trend reading so that you could see it for yourself. Bitcoin? Dying? I think your are just over reacting on a simple or slight drop or something. Fluctuations is already a normal thing in this industry and the market. It would surely rise up, and it's like you are panicking. Well don't be, Familiarize yourself in that kind of stuffs since it will normally occur from time to time.

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August 22, 2017, 07:52:31 AM
 #23

Fuck!

Bitcoin iz ded? Is it for sure this time?

Bitcoin is not dying but there are very motivated attackers. Bitcoin will find a way to secure itself and hopefully we'll return to 1cpu-1vote again and everybody will have a chance to mine bitcoin.

Let Bcc (bitcoin china, bcash, bich coin) have all the asic miners, they were a bad idea since the beginning.

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August 22, 2017, 08:09:11 AM
 #24

Like the price from 4000+ goes to 3800? Will it rise up again or that wont happen for now.

You know the old adage "Buy the rumour, sell the news"?

Well after the hardfork of August 1st, the next thing was segwit getting locked in. Bitcoin soared on the rumour it was happening, and it will now get locked in today/tommorow, and the speculators are cashing out.

Same thing happened with litecoin: the announced that they were doing segwit, and as the miners started accepting it, the price soared. But after it got locked in, people sold.

 
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August 22, 2017, 08:30:52 AM
 #25

Like the price from 4000+ goes to 3800? Will it rise up again or that wont happen for now.
Btc dying? Seriously? Man it isn't dying, the price just go down maybe because correction is about to start but it isn't dying. What happening in price right now is pretty normal, it always happen. That's how the price actually move.

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August 22, 2017, 08:37:04 AM
 #26

Like the price from 4000+ goes to 3800? Will it rise up again or that wont happen for now.
While BTC prices stop there, until the month of September arriving BTC will only be silent. But in september prices will rise sharply to the moon. It's time now to buy some BTC to hold on. Just my opinion. Wink

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August 22, 2017, 08:40:03 AM
 #27

For Bitcoin no more dying stats in future , as its reaching the limits and supply and demand shows that there is no reason it will go crash ever. Hold tight what you have .
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August 22, 2017, 08:44:24 AM
 #28

Most people on this board are living in a delusion. They are told Bitcoin Cash is taking over but they are not listening, they don't want to listen. And when it becomes obvious that Bitcoin is dead and won't rise back from the dead they will think how could this happen? How didn't we see it coming? Well you were told why it was coming but you didn't listen. The fundamentals of the original Bitcoin are in Bitcoin Cash. Bitcoin with segwit is something else. For many reasons bigger blocks are better than segwit, better at solving the problems Bitcoin was invented to solve, which is why Bitcoin grew in the first place.
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August 22, 2017, 09:13:44 AM
 #29

Most people on this board are living in a delusion. They are told Bitcoin Cash is taking over but they are not listening, they don't want to listen. And when it becomes obvious that Bitcoin is dead and won't rise back from the dead they will think how could this happen? How didn't we see it coming? Well you were told why it was coming but you didn't listen. The fundamentals of the original Bitcoin are in Bitcoin Cash. Bitcoin with segwit is something else. For many reasons bigger blocks are better than segwit, better at solving the problems Bitcoin was invented to solve, which is why Bitcoin grew in the first place.
Perhaps it is like that. Eventually bitcoin will rise because of tremendous demands from investors and other members. It's not about dying or what but this is a sign that many people will hold bitcoins for some reasons one of which is the availability of resources like tokens and stakes from different linkages such as twitter,facebook,youtube and etc. This won't be easy for people to say it is dying. Definitely,it will last and grow even more. I guess in the future this will be a good outcome for bitcoin because many are satisfied with its effect for many of us and will surely come back for more.

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August 22, 2017, 09:54:43 AM
 #30

Like the price from 4000+ goes to 3800? Will it rise up again or that wont happen for now.
Its not dying (not dieing), its possible that what we are experiencing right now is just market corrections, remember a few days ago BTC price soared to $4,400. Whenever there is a surge of price it is followed by corrections which is sometimes up to 10% drop or even higher. Changes that we have now is just 13% drop so nothing to worry.

I think only the people new to Bitcoin would be really alarmed of such a dip in Bitcoin price. This is not an unprecedented thing as it happened in the past many times already. There would always be corrections when Bitcoin can hit a record high and it is happening right now. And guess what? After this correction, Bitcoin would slowly get back to where it left...this is Bitcoin in action. In my estimate, this dip or correction is important so that Bitcoin can never be a victim of a bubble burst.
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August 22, 2017, 03:01:47 PM
Last edit: August 22, 2017, 03:19:31 PM by mctrader001
 #31

I just read articles from a website explaining how Bitcoin BTC will go down in value to zero (dieing, as you say) because miners and users will start switching to Bitcoin Cash BCH. I am not in the mining business nor do I really understand how blockchains work exactly but the article seems convincing enough for me. Have a read at this article and let me know if the author's argument convinces you or if you think there's faults in his assumptions.

Article Title: Chain Death Spiral - A Fatal Bitcoin Vulnerability
URL: https://bitcoinandtheblockchain.blogspot.be/2017/08/chain-death-spiral-fatal-bitcoin.html

Article Title: BTC is dead - Long live BTC.
https://bitcoinandtheblockchain.blogspot.be/2017/08/btc-is-dead-long-live-btc.html

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August 22, 2017, 03:06:38 PM
 #32

Like the price from 4000+ goes to 3800? Will it rise up again or that wont happen for now.
When you do make use on the word "dying" then you are pertaining on the amounts which would go down to $1.. I would consider as a dying zone on bitcoin but if the price have decreased only a small percentage then there nothing to be surprised of since bitcoin do really move on those ways and this is one of the feature of bitcoin on which its price is volatile and its not really dying at all.It will recover soon.
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August 22, 2017, 03:21:07 PM
 #33

Like the price from 4000+ goes to 3800? Will it rise up again or that wont happen for now.
Volatility. Bitcoin price going down does not means that its dying. Compare current value with last months value. A sudden rise took place, so a correction might take place. Its quite normal and happens a lot. You will see more rollercoastering of the price soon  Smiley

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August 22, 2017, 03:47:33 PM
 #34

For Bitcoin no more dying stats in future , as its reaching the limits and supply and demand shows that there is no reason it will go crash ever. Hold tight what you have .
Bitcoin is volatile price it may increase and may drop the value. It may little dump but for sure we can expect the rising value. I agree it will not crash as this has been used by many now.
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August 22, 2017, 03:53:42 PM
 #35

Like the price from 4000+ goes to 3800? Will it rise up again or that wont happen for now.
Before creating this thread and asking this question, haven't you looked at the price history for bitcoin?

If not than you should check, I am quite sure you will find your answer there easily.


Yes bitcoin price had and will recover from every dump/correction it might have in future too.
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August 22, 2017, 04:53:08 PM
 #36

Like the price from 4000+ goes to 3800? Will it rise up again or that wont happen for now.

I think it will stabilize at this value, the sudden growth has made this coin is adjusted. It may go down, but it's just slow steps, it will come back later this year.
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August 22, 2017, 07:08:36 PM
 #37

if you think if bitcoin is dead by dropping from 4000$ to 3800$ boy you need to get yourself mentally checked,i am afraid. Shocked

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August 22, 2017, 07:18:31 PM
 #38

This is an old story they are always saying that bitcoin will be die or totally dead but until now bitcoin still alive and active.. they are just thinking negative about bitcoin and those people who read it are panic to sell even bitcoin are strong and many supporters of bitcoin as you can seen here almost all members here are supporting bitcoin and only newbie are telling that bitcoin will be die..
And i think this is another way of whales to buy a cheap bitcoin so if you sell you will be regret soon.. and they are just let them buy a cheap bitcoin because they believe that bitcoin can be increase more soon that is why they want bitcoin to be cheap because they will buy huge amount of bitcoin and there is a possibility that there is a large price increase..



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Rainbot
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ghostunicorn
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August 22, 2017, 07:38:16 PM
 #39

Like the price from 4000+ goes to 3800? Will it rise up again or that wont happen for now.
Before creating this thread and asking this question, haven't you looked at the price history for bitcoin?

If not than you should check, I am quite sure you will find your answer there easily.


Yes bitcoin price had and will recover from every dump/correction it might have in future too.

I'm sure they haven't checked the price history of bitcoin. Whenever a correction happens in bitcoin price, they start to make people very panic by saying bitcoin will die and it will be worthless. It never dies because of the fudders.
molsewid
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August 22, 2017, 11:00:00 PM
 #40

Like the price from 4000+ goes to 3800? Will it rise up again or that wont happen for now.
The price came back to normal and i guess this is how they do profit because of dumping and once they do they will pumped it and stock bitcoin again those who holder who can manage big dumps will be have a safe income don't worry bitcoin price down will be the part of bitcoin it will be always back into normal with big suprizes.
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