Bitcoin Is DEAD Again!!

[LogitechMouse]

I can't say that bitcoin is dead already however, with the problems of bitcoin like the high fees and the never to slow transaction many are considering it as dead. For me it isn't because I think bitcoin as a storage where we can put all of our digital currencies like a savings bank. In the past few days, we see bitcoin decreasing its value and its normal already but some of the investors of BTC maybe pulled out their investment and bought another coin like BCH or other alts.

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[Mr.Smithers]

Why you think its dead? Its just a price drop, pretty normal in crypto world, If this you consider a dead then bitcoincash stays dead 99% of the year lol.

It is not only about the price of a coin. It is about the transaction speed, the confirmation time. People ask "why do you speak of the micropayments?". OK, let us not speak about micropayments. Do you think that transaction fee don't apply to people storing bitcoin? What if the price goes through the roof (or the floor if we are at that) and you want to quickly sell your assets and you CANNOT do that not doubling the amount in fees ?

[EmmaAllen]

But it will be increase very, very soon

[Advicerabi]

Calm down bitcoin is not dead, it is just temporary. And I think now it is good time to buy bitcoin.
Form the history of the bitcoin price, when price wall will surely follow with increases at the higher prices.

Bitcoin is still the king of all cryptocurrency.

[audaciousbeing]

Today, Bitcoin is declared to be dead again as BitcoinCash is surging so high into the atmosphere as many people are expressing their complaints on Bitcoin's astronomical transaction fees and questionable speed. There is a movement right now in the market expressing a big dismay or disappointment on Bitcoin as this is not the Bitcoin that we are supposed to have. Bitcoin enthusiasts are recognizing this problem and hoping that soon the problem can be given adequate and acceptable solutions. Have you already said your goodbye to Bitcoin and hello to BitcoinCash? Do you think the Lightning Network does have the chance to save Bitcoin even temporarily?

I really would want to know if there is another definition for the 'Dead' because the way its being used concerning bitcoin makes it seems like just any other word with another type of meaning than what we know. BCH has witnessed its surge before when bitcoin retreated in price before going an all time high and now its happening again, I dont know what the fuse is about considering the surge in BCH can be largely due to the crediting of BCH by Coinbase.

Bitcoin is still very much alive as this is just a minor drop in price to have been enough to use the adjective 'Dead' in qualifying the current position. When the whole hype is over, we will then know which one is stronger than the other.

[SamReomo]

No, Bitcoin isn't dead, and it won't be dead anytime soon. It is the standard of the crypto industry with new updates and implementations every year. How can a coin which is a fork of the Bitcoin can kill its own master? It seems strange to me.
I know that the high fees and slow speed of the transactions are downgrading the mighty Bitcoin in the eyes of professional businesses, but those problems will be sort out very soon with the implementation of the Lightning Network.
BitcoinCash is also very good with some amazing features that could easily attract investors and businesses, but it wont be the vehicle to kill the Bitcoin. Bitcoin will rise back and will be used by everyone.

[Lucius]

Do you think the Lightning Network does have the chance to save Bitcoin even temporarily?

What do you mean temporarily? As soon as Bitcoin gets the Lightning Network up and running, it's death to bcash for good. Right now they are ahead because they know the only chance they got to try to succeed, is to go all in on the short term. They are planning to increase the blocksize again, they have a credit card, they got listed on coinbase, so everything is working fine for them. As soon as Bitcoin gets the LN, and it's scalability problems get solved, it's goodbye bcash, because it will no longer have any advantage over bitcoin, and it's short term strategy will no longer work.

Even with this big problem of scalability BTC is still keeps its value,and it is just having bad time in this moment.It would be very strange that BCH crew does not try to use this situation to say that BCH is new BTC,and we all know how it ended last time.

I do not know when LN will be available,news say it is in the final testing phase and that proved to be successful.That would be great solution for today problems,but how will miners&exchanges react on this since they only profit from high fees.We have SegWit enabled but almost nobody uses it,can a similar situation be repeated with Lightning Network?

[BumbleBeast27]

Why not look at this as another buying opportunity instead of just blindly saying that it's dead? For you to survive in this kind of business you at least need to know the basics of trading.

[gfalcon]

you do realise that when btc price drops it is seen to drop, mostly, against the usd (or whichever your residential fiat is, by which you track your investment) don't you?

the big fiats, like the usd, also fluctuate, which will affect the price of btc ...

it's normal

[farhan28]

Last 2-3 days bitcoin is remaining in the same position...It is decreasing day by day...I think bitcoin is reached its limit..its growth is over now...so Bitcoin is dead

[Kingofbitcoin12345]

Those who leave bitcoin and invest in bitcoin cash are the one who will feel the death and that is not an speculative thought but a real scenario that will soon happen in due time (a month or a year).. Trusting a new created crypto then abandoning the one you’ve trusted since then is a big mistake,, that will surely makes you regret at the time you’ll find out that you’ve been encourage to loss..

[Mr.Smithers]

Do you think the Lightning Network does have the chance to save Bitcoin even temporarily?

What do you mean temporarily? As soon as Bitcoin gets the Lightning Network up and running, it's death to bcash for good. Right now they are ahead because they know the only chance they got to try to succeed, is to go all in on the short term. They are planning to increase the blocksize again, they have a credit card, they got listed on coinbase, so everything is working fine for them. As soon as Bitcoin gets the LN, and it's scalability problems get solved, it's goodbye bcash, because it will no longer have any advantage over bitcoin, and it's short term strategy will no longer work.

Even with this big problem of scalability BTC is still keeps its value,and it is just having bad time in this moment.It would be very strange that BCH crew does not try to use this situation to say that BCH is new BTC,and we all know how it ended last time.

I do not know when LN will be available,news say it is in the final testing phase and that proved to be successful.That would be great solution for today problems,but how will miners&exchanges react on this since they only profit from high fees.We have SegWit enabled but almost nobody uses it,can a similar situation be repeated with Lightning Network?

I have read that even with Lightning Network you will have to pay the regular fee twice - to open and close the Lightning Network tunnel, so if you engage with the particular service provider with only one or two transactions, there is no difference than it is currently in terms of all total fees you pay or it can even be worse.

I am not sure if this is a correct understanding.

In general, there is not much known for sure when it comes to Lightning Network (as you noted, by the way).

[antuankek]

 BTC will grow, its not dead

[giveen]

Lol this might not be the reason for bch getting pumped. There is a new fork announced which goes with the same name as B2X some people might have misjudged this as the actual fork which got cancelled in the past.

Another reason could also be coinbase finally crediting it's users and getting listed on gdax. Btc fees is surely high but simply using bch can't be a solution.

[Dexion]

yes, I try to think critically against BCH and BTC, we know that BCH is a fraction of BTC. but today BCH is able to make everyone shocked. like going to kill BTC. does BCH rise because BTC down? I do not know it.
I am optimistic that if the year-end goes, BTC prices will rise again. we'll see, if the end of the year is gone, will BCH also rise?

[dejan_p]

not sure if the op was made due to a ~10% price drop but the thing about transaction fees/speed is (currently) true.
that's why i see both of them (forks and the main btc) succeeding at least short term.

so, don't panic too much, "enjoy" the ride, wait until the "storm" passes  - or, sell at $16k, rebuy at $18k  

[maimainguyen05]

I see your opinion is wrong, Bitcoin never dies, just the rate of decline instead of increasing as usual, which is the very normal phenomenon in the market cryptocurrency. The current time when the sharp drop in exchange rates is a great opportunity to invest in this potential currency. I believe that the next two weeks the exchange rates of the BTC as well as other currencies will rise sharply because Christmas is coming. So you should not have negative thoughts on the BTC so should try to buy BTC right now.

[Mr.Smithers]

Lol this might not be the reason for bch getting pumped. There is a new fork announced which goes with the same name as B2X some people might have misjudged this as the actual fork which got cancelled in the past.

Another reason could also be coinbase finally crediting it's users and getting listed on gdax. Btc fees is surely high but simply using bch can't be a solution.

well I thought it were the same fork, but with one particular change which is very important: they want to implement replay protection (original b2x was going boldly ahead without it). With the replay protection in place, catchy name (even if it is different people, as you say) and bitcoin network completely stuck for more than two weeks now, I predict they may be very successful...

[Noctis Connor]

Dead again/?? so how many lives bitcoin left? lmao, bitcoin is not a cat and bitcoin is not dead. It's just its decreasing because of the movement of the market. A lot of investors and miners move to bch. And also kiddy investors go with the flow of the trend that's why it is decreasing fast. For us it's a good news 'coz we have the opportunity to buy bitcoin again and wait for how many days and count our profit. lmao.

[dificanovi]

Today, Bitcoin is declared to be dead again as BitcoinCash is surging so high into the atmosphere as many people are expressing their complaints on Bitcoin's astronomical transaction fees and questionable speed. There is a movement right now in the market expressing a big dismay or disappointment on Bitcoin as this is not the Bitcoin that we are supposed to have. Bitcoin enthusiasts are recognizing this problem and hoping that soon the problem can be given adequate and acceptable solutions. Have you already said your goodbye to Bitcoin and hello to BitcoinCash? Do you think the Lightning Network does have the chance to save Bitcoin even temporarily?

bitcoin not yet dead, takes quite a long time to bitcoin off. although the number of bitcoin worldwide continues to decline. right now I will not say goodbye to bitcoin because bitcoin still exists.