Bitcoin is DEAD

[cosmoo]

Bitcoin is the cryptocurrency that you need to hold. Not to work with it, that's my point of view. Working with Ehereum is much better

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[ritot]

As far as I know there's a trading company that have been hacked which affected a lot of bitcoin volume. Bitcoin is not yet dead, you knew it. It is unstable. Yet, there's still a huge possibility that it will be back next year kicking the market again.

The main reason for today's drop was some billionaires tricked us (retail traders) by making us to think that is time to sell. Most probably they are accumulating their bitcoins now.

In any case, we will always be deceived. Because we are not billionaires. With this fight is useless, just adjusting.
 

[lucas.zimmer]

As far as I know there's a trading company that have been hacked which affected a lot of bitcoin volume. Bitcoin is not yet dead, you knew it. It is unstable. Yet, there's still a huge possibility that it will be back next year kicking the market again.

The main reason for today's drop was some billionaires tricked us (retail traders) by making us to think that is time to sell. Most probably they are accumulating their bitcoins now.

In any case, we will always be deceived. Because we are not billionaires. With this fight is useless, just adjusting.
 

Unfortunately you are right, they will always trick us and they will always play with our fear and greed which all the markets consist of. Only think we can do is to have a better risk management so we don't die even if we get some harm. 

[blitz18]

The bitcoin price it reaches all time high when that happen there is always a correction to dump the value. In this situation most sell their hodlings or maybe into altcoins to take profit. It aways happen like this pump and dump, but it not dead. Price is will go to go up soon.

[Sub1]

 I agree, wholeheartedly with Josh Rotman. His answer to this Quora question appears near this one. He also wrote this article: Bitcoin Price is taking a 30% dive, I wouldn't be worried for the long run. I wrote a similar article on the temporary d.

[777asianinvasian]

No. Bitcoin stay for a thousand years

Man I hope so that would be freaking awesome. But I did read now that the mempool is getting smaller which means unconfirmed transactions should be a lot less and those transactions should have gone through now or soon. That said though I agree the fees are getting ridiculous and now I trade much less than before due to this, something does need to be done. https://blockchain.info/charts/mempool-size

[btcmayumana]

How this is frustrated when price going to fall, there is nothing we can do either selling Btc or convert altcoin to Btc.
I have got same problem, sending Eth from MEW to exchanges has been takes 2 days, but still not received.

BTW can anyone tell me what should I pay to move my Bitcoins now?

For now only https://pushtx.btc.com it's still working i guess, since this is connect to mempool.

[lemonpc]

bitcoin will live on, if you're not patient you might consider giving up coffee

[kiemnhieutien]

Bitcoin never die. It is the king, king never die. If it die, all altcoin will die. remember this. Maybe it will be no more hot, because it's old now, its tech is old. others coins can be more good. 

[Wipro]

Bitcoin is the cryptocurrency that you need to hold. Not to work with it, that's my point of view. Working with Ehereum is much better

Among the all trollers of bitcoin here in the forum. I can see most of the people supporting bitcoin users and bitcoin in the price aspects and other financial vise versa. Understand that there will reason when the time we find the dump or bump. I am not sure all the people in the forum or the continuous news worms about bitcoin and blockchain implementation related news. That will help to know that whether it is a perfect bump or dump. You need loose fund like changing worst coins and in the name of transaction fees and all. 

[Vanilla-swap]

REMEMBER

IN THIS CRASH

No more COINS ARE BEEN CREATED

ONLY FIAT MONEY

[Dreamr]

A couple days ago I posted here because of a transaction stuck in the void for which I paid 30 dollars fee.
Now, one hour ago, I sent a transaction with a 130 dollars fee.
ONE HOUR, STILL ZERO TRANSACTIONS, 130 DOLLARS FEE.
I'm sorry to write this, but Bitcoin is DEAD.
I've been a defender of it up until now, but we've gone too far.
Who the hell is going to buy Bitcoin when the word will spread?
When people will try to get their Bitcoins from the exchanges, they'll meet this reality, and Bitcoin will be dead in DAYS, after the word will begin spreading.
Just please don't go on BCH, let's try to move onto better technologies like Byteball.
BTW can anyone tell me what should I pay to move my Bitcoins now?
I have now 4 Bitcoins stuck in the void.

Sorry to hear your bad experience about bitcoin. Bitcoin higher transaction fee and very slow transaction speed are the only reasons why bitcoin will die. Too bad for us as we are going to see the end of our precious bitcoin.

[Skieleton]

Bitcoin is the cryptocurrency that you need to hold. Not to work with it, that's my point of view. Working with Ehereum is much better

BTC has always been unstable. This will not change. Most of the savings I hold are just ETH. I only regret that I did not exchange for btc in August when the price was 1600 $ ...

[Rath_]

Oh please, don't call Bitcoin dead because we didn't make it to solve the scalability problem in time. Bitcoin developers still haven't introduced full support for SegWit transactions. I wouldn't be surprised if Lightning Network went live before the next update of Bitcoin Core which is scheduled somewhere around May. Bitcoin has a great potential and we can't get rid of it, not yet. If we declared our defeat, banks would be content and become confident of themselves.

[Coyoteerex09]

The upcoming network revamp could fix the problems right now in bitcoin. I just hope that it will be implemented immediately, so that everyone of us can benefit from it.

[marcbitcoins]

A couple days ago I posted here because of a transaction stuck in the void for which I paid 30 dollars fee.
Now, one hour ago, I sent a transaction with a 130 dollars fee.
ONE HOUR, STILL ZERO TRANSACTIONS, 130 DOLLARS FEE.
I'm sorry to write this, but Bitcoin is DEAD.
I've been a defender of it up until now, but we've gone too far.
Who the hell is going to buy Bitcoin when the word will spread?
When people will try to get their Bitcoins from the exchanges, they'll meet this reality, and Bitcoin will be dead in DAYS, after the word will begin spreading.
Just please don't go on BCH, let's try to move onto better technologies like Byteball.
BTW can anyone tell me what should I pay to move my Bitcoins now?
I have now 4 Bitcoins stuck in the void.

If it will become dead then it will rise up again from the grave of blockchain. Bitcoin and other altcoins are rising up now and we must used to it that there are sometimes that there are always a manipulation attempt to destroy bitcoin and other digital currencies because of conflict to their businesses. This corrections are another failed attempt they are wasting their money.

[ceyceyki]

I dont understand why after corrections people start to say 'Bitcoin is dead'? Because of fee? If it goes up too much that is normal! Bitcoin has problems and everybody knows that. Thats why they do forks. Bitcoin is gold of cryptocurriencies. Just hold it.

[Nerman]

I dont understand why after corrections people start to say 'Bitcoin is dead'? Because of fee? If it goes up too much that is normal! Bitcoin has problems and everybody knows that. Thats why they do forks. Bitcoin is gold of cryptocurriencies. Just hold it.

The OP has some valid points fees and transaction latency are  killing Bitcoin. With that high of a fee they will switch to another alt that is faster and cheaper. To be honest now I do not use Bitcoin for transaction because it is really expensive.

Right now blockchain can't keep up with the transaction and if we do not see any permanent solution people will get tired of Bitcoin and move to another coin.

[buternasek]

Come on dev do not make us cry  at least give us a little spirit. Almost all altcoin are affected, all altcoin prices dropped. Just pray, hopefully tomorrow or the day after tomorrow or maybe bitcoin is still waiting for the new year to rise again.

[TeLlMeFrY]

Probably most of the people who are investing right now is because they want to get riches pretty fast. They heard by their friends or on the news that bitcoin is a great investment and so they decided to bet their savings in bitcoin. However, most of them don´t know how the currency works. And it´s a big problem, because when these people get to know the problems that you mentioned, it could be end up being a bubble.