Simple Bitcoin Question

[Millzp0]

The whole market follows and depends on Bitcoin, thus Bitcoin can't pump unless something new happens. The word on the street is Bitcoin is a dead project. Will BTC death free all the markets or will BTC take down everything with it. Do people really believe that Bitcoin has a  demand from institutions with all the manipulation and no adoption going on? How do we get all the norms to demand the supply and get a bull run going again?

[1713558337]

1713558337

[1713558337]

1713558337

[o_e_l_e_o]

Which streets are you hanging around on to hear such nonsense?
I agree that bitcoin and altcoins need to decouple, and more fiat pairings will achieve that, but bitcoin and bitcoin adoption is only becoming more commonplace and widespread.

[Bourney001]

Be patient and believe my friend

[bstewart]

The whole market follows and depends on Bitcoin, thus Bitcoin can't pump unless something new happens. The word on the street is Bitcoin is a dead project. Will BTC death free all the markets or will BTC take down everything with it. Do people really believe that Bitcoin has a  demand from institutions with all the manipulation and no adoption going on? How do we get all the norms to demand the supply and get a bull run going again?

Not sure if bitcoin is really a dead project haha. But yes, unfortunately bitcoin going down affects the entire market bringing down everything else with it.

[Cynooza]

Basically, Bitcoin can die only if some more technologically improved and conenient cryptocurrency replaces it. Despite we can see some bitcoin competitors which have various advantages over it, they are still too weak to replace btc.

[godfredmanu]

Bitcoin demand and supply is determined by the traders demanding it and the miners supplying it. It is not a death project and like all coins it don't just go up forever. It will definitely go up and come down.

[Sergio444]

Bitcoin has been pronounced dead since its advent. Its really on the street that it is dead only by those who are naive of the coin. But for those who really understands how things work in crypto will say bitcoin is a great coin. Obviously yes, bitcoin will take down all coins along if it is to die.

[21crypto]

This is a good question.

But first, we need to look at a couple of factors.


1. Why is Bitcoin a dead project?
2. Who says that it is?
3. Is there major adoption for the technology of the blockchain?
4. There is adoption for Bitcoin across the world. Is it being used? Yes.



The fact of the matter is that the blockchain is a new technology. Individuals and governments are still getting used to it. They wonder if they will be able to utilize and save money, how will they able to use it to be more efficient?

Then individuals may look at cryptocurrencies. They look to see if it has utility if it is a store of value or something else.

As governments and institutions get involved, a process that doesn't happen overnight, Bitcoin will continuously see growth in its main use case as a store of value.

My sense is that we were spoiled by the quick run-up last year and we want to feel that high again. We want it and we want it now. But we may not see it until more people figure out how to progress and really move forward with blockchain technology.

[Kotone]

The whole market follows and depends on Bitcoin, thus Bitcoin can't pump unless something new happens. The word on the street is Bitcoin is a dead project. Will BTC death free all the markets or will BTC take down everything with it. Do people really believe that Bitcoin has a  demand from institutions with all the manipulation and no adoption going on? How do we get all the norms to demand the supply and get a bull run going again?

It is no uncertainty that bitcoin truly is something of a wonder especially considering that it is considered to be the leader and the face of the cryptocurrency market. Thus, it has some lingering and uninown influence over the other coins as the rise and fall of it also shows the importance of the whole cryptocurrency and if in anyway bitcoin is dead it can drag the remaining coins with it but not for death as I still believe that the other couns are separate from each other

[QuestionAuthority]

The whole market follows and depends on Bitcoin, thus Bitcoin can't pump unless something new happens. The word on the street is Bitcoin is a dead project. Will BTC death free all the markets or will BTC take down everything with it. Do people really believe that Bitcoin has a  demand from institutions with all the manipulation and no adoption going on? How do we get all the norms to demand the supply and get a bull run going again?

Bitcoin is not dead because too many people are holding massive amounts of fiat value in btc. For it to be truly dead millions of people would need to divest themselves completely and the exchange rate would need to go to zero.

Bitcoin is pegged to the US Dollar. Bitcoin is a cryptocurrency fighting for market share as a useable true currency. Pumping bitcoin is called adoption and that takes time. Altcoins are piece of shit scammer tools designed to make scumbags quick money. Shitcoin pumpers peg the value of their dog turds to bitcoin. If they didn’t their scamvention wouldn’t have any value at all.

[krazy_yvan]

The whole market follows and depends on Bitcoin, thus Bitcoin can't pump unless something new happens. The word on the street is Bitcoin is a dead project. Will BTC death free all the markets or will BTC take down everything with it. Do people really believe that Bitcoin has a  demand from institutions with all the manipulation and no adoption going on? How do we get all the norms to demand the supply and get a bull run going again?

I think you are mixing two very different concepts:

- Manipulation / trading
- Real world value

Manipulation is what you get with a "so-small" market, used as a playground by some tired of NASDAQ, so nothing to really worry here, as it will certainly go back up, as it always does since 6-7 years.

Real world value is what Bitcoin, Ethereum, and all other altcoins that are not scams are beggining to have. Like it or not, the blockchain has other uses than markets and virtual uses. It IS useful. The thing to notice here is that it is young, too. So the best is to come. Mass adoption

Make your bet. I am an optimistic person

[franky1]

what you actually find is that decoupling altcoin<->btc is the cause of the stagnation

in the past to get ether/other coins, you first needed to buy BTC with fiat (btc fiat price goes up) and then btc is taken off the btc-usd market to hand btc to ether market. (again less btc on the USD market, btc fiat price goes up)
those selling ether for btc then hold btc. thus keeping supply away from btc-usd (again less btc on the USD market, btc fiat price goes up)

but now people can buy ether direct via USD, so the arbitrage to ether via btc has not occurred.

that said. btc's price has seen health climbs
2016: never below $300
2017: never below $900
2018: never below $6000

and as the 'buyers remorse' support gets tested. where people refuse to sell for less than it cost them to obtain it. and also the impact of hashrate rises causing mining cost to rise we shall se positive movements in btc.

but with all that said. we really do need devs to stop trying to develop crap features that only help altcoins and offchain multicoin networks grow. and instead concentrate on real bitcoin onchain scaling and scurity and usability

[Abete]

The whole market follows and depends on Bitcoin, thus Bitcoin can't pump unless something new happens. The word on the street is Bitcoin is a dead project. Will BTC death free all the markets or will BTC take down everything with it. Do people really believe that Bitcoin has a  demand from institutions with all the manipulation and no adoption going on? How do we get all the norms to demand the supply and get a bull run going again?

if I had to sacrifice bitcoin to turn on another altcoin, I think that's impossible. Bitcoin is an example for the next generation, but it does not have to turn off bitcoin. 

[RamonBTC]

Will BTC death free all the markets or will BTC take down everything with it.

Free from what? from bitcoin. Maybe, on a month or so. Before the cryptocurrency goes down with it. Panic would occur and every investment be withdrawn. At this moment that I’m referring to, not in the future that new main coin be created or surpass bitcoin. Nearly 50 to 100 years from now.

Do people really believe that Bitcoin has a  demand from institutions with all the manipulation and no adoption going on?

Nope, the people demanded it. Institutions are riding on it to profit. No adoption? Your living as a caveman.

How do we get all the norms to demand the supply and get a bull run going again?

(Space) stop posting negative post that can give uncertainty and fear to new one’s.

[batang_bitcoin]

The whole market follows and depends on Bitcoin, thus Bitcoin can't pump unless something new happens.

You're too dependent to events and news. Bitcoin is still reliant to market's supply and demand although those things give affection.

The word on the street is Bitcoin is a dead project.

What street is this? Wall St.? people there are no coiners.

Will BTC death free all the markets or will BTC take down everything with it.

Bitcoin will take down every alt coin not every market.

Do people really believe that Bitcoin has a  demand from institutions with all the manipulation and no adoption going on?

It's mixed up, manipulation and adoption but we certainly believe that there's effectiveness in adoption.

How do we get all the norms to demand the supply and get a bull run going again?

Look to the charts, after the dip what's next?

[jak3]

First of all i don't see any sign of any actual dead bitcoin. That is  just some rummer by some believers. Anyway I don't think bitcoin will go down any sooner. Maybe their are some good altcoins in the market but its still impossible to overcome that bitcoin nightmare just because it has a lot of popularity and market demand just the same problem we are facing with banking system.

[btcluisdiki]

I don't think bitcoin nowadays is already going to be dead just because the market had suffered a huge bear market.  I think one factor that affects the bitcoin market is due to many altcoins and ICO in the crypto market where investors had been lessen instead of investing it with btc,  they had invested it on altcoins and new ICO's. But I personally believe,  bitcoin will be back and will continue to grow more in the coming months.  

[Fire316]

   I think bitcoin is not just the reason why market now falling down. It is because of the people using it and altcoins. The people behind the crypto is the one who is responsible for the decreasing and increasing of market price not only bitcoin. The value of bitcoin and altscoins always rely on the flow of demand and supply whatever other reasons you could say. But i believe market will move upward before end of this year,we need more patience and we need to grab this opportunity to buy more coins in the market then invest it.

[elwiswoodie]

Bitcoin is now rumored to have been controlled by whales, where they can conveniently pump and dump bitcoin for their own benefit,
waiting for these whales to make mistakes, is very unlikely, but we should know that bitcoin is a decentralized asset,
we only use BTC as necessary, and it's called the original market in my opinion

[keycellko]

Well because of trading pairs thats why bitcoin and altcoins go on the same tract. But there are always exception to this. We need positive news to go about putting back bitcoin on track. The SEC is trying to look at possible manipulation by whales. But we already know these things exist.