bitcoin is most likely going to die, here is why...

[DaWidyaa]

In my opinion, no one can predict bitcoin, depending on investors and bitcoin sellers, I suggest not to panic first, all of it would be fine just to wait for bitcoin to rise again.

[shnmykl]

Bitcoin won't die actually, it keeps something that makes their Coin more unique and more efficient to use/own. Someday we will be surprise of what they planning to do next, someday the price of bitcoin will shock us. Those reasons ain't the reason why the bitcoin falling, sometimes other investors want to invest other coins but in the end they will get back their bitcoins.

[Wittycoin]

I don`t think bitcoin is going to die whatever the explanation is, many rumors and considered reasons have already been told that bitcoin will die but is all just a speculations. No one could predict bitcoin, and bitcoin won`t die.

[vickybitcoin]

I do not own any bitcoin, but I knew about bitcoin 6 years ago, before most people even heard about it. Except I didn't buy it then, I was wrong about that prediction. So I am trying to see if I can make some money now.

But looking into the future, I am still not convinced about bitcoin. Before anyone get all defensive, I would like to know WHY you think it will go up. Because I would like to make some money too.  

In my view, there are several problems:

1. Bitcoin value is all based on sentiment. Most people say it is under valued now, but that is only a reflection of how you feel about it. And this is fine, because in comparison most stock prices are irrational as well (especially these days). people make lots of money buying over valued stocks. But the problem I see is that the fear-of-missing-out sentiment has passed. Almost everyone know about bitcoin now. And they also know Bitcoin has dropped 70% of the value since its highest peak? Once someone get burned by something, the others will be a lot more cautious. And when people become rational about a investment that is built on sentiment, that is a huge problem for future growth. there are many examples of puffed up stocks crashing down to earth, and never to recover its value. The ones that can recover and soar in the long run all have great business fundamental to support its value, in other words "making money".

2. Bitcoin is no longer unique. Regardless of what people say, bitcoin is not like gold. Sure, the amount of bitcoin is finite, but it is not unique compared to other cryptocurrency. The only thing special about it, is the name itself. And there are tons of new cryptocurrencies now, and people can create infinitely more types, IF it is profitable. Correct me if I am wrong, what is the fundamental difference between a "bitcoin" and a "ripple" other than the value? nothing at all.

3. technology risks. There is always a possibility a more advanced cryptocurrency will emerge and completely outshine bitcoin. I believe there are already some cryptocurrency that transact faster than bitcoin? Not sure of the detail but I have read it somewhere. And when it happens again and again bitcoin will be wiped out. Remember we used to use CDs? tapes? camera films? Bitcoin was created almost a decade ago, that is a lifetime ago in the technology world.

other issues: practicality, and safety. It doesn't actually make paying for something easier, and some argue this is safer than traditional banking, well just look at the news of people lost coins or got hacked.


I do think it is possible for bitcoin to go up (not skyrocket though), but it seems the headwind is getting really strong. So why do you think you should hold on? Instead of just saying "it will go to the moon", "it will change the world", please provide reason.

There are so many reasons for it to die for the negative thinking people likewise there are many
reasons for it to grow and become dominant currency for those people who thinks positively.

[sunflower_11438]

bitcoin is the first and most decentralized among other cryptocurrency, I don't think it can be replaced

I'm so glad you said that bitcoin will not skyrocketed because I think otherwise
You have been proven wrong 6 years ago, so maybe "history will repeat itself"

[ryap12]

I do not own any bitcoin, but I knew about bitcoin 6 years ago, before most people even heard about it. Except I didn't buy it then, I was wrong about that prediction. So I am trying to see if I can make some money now.

But looking into the future, I am still not convinced about bitcoin. Before anyone get all defensive, I would like to know WHY you think it will go up. Because I would like to make some money too.  

In my view, there are several problems:

1. Bitcoin value is all based on sentiment. Most people say it is under valued now, but that is only a reflection of how you feel about it. And this is fine, because in comparison most stock prices are irrational as well (especially these days). people make lots of money buying over valued stocks. But the problem I see is that the fear-of-missing-out sentiment has passed. Almost everyone know about bitcoin now. And they also know Bitcoin has dropped 70% of the value since its highest peak? Once someone get burned by something, the others will be a lot more cautious. And when people become rational about a investment that is built on sentiment, that is a huge problem for future growth. there are many examples of puffed up stocks crashing down to earth, and never to recover its value. The ones that can recover and soar in the long run all have great business fundamental to support its value, in other words "making money".

2. Bitcoin is no longer unique. Regardless of what people say, bitcoin is not like gold. Sure, the amount of bitcoin is finite, but it is not unique compared to other cryptocurrency. The only thing special about it, is the name itself. And there are tons of new cryptocurrencies now, and people can create infinitely more types, IF it is profitable. Correct me if I am wrong, what is the fundamental difference between a "bitcoin" and a "ripple" other than the value? nothing at all.

3. technology risks. There is always a possibility a more advanced cryptocurrency will emerge and completely outshine bitcoin. I believe there are already some cryptocurrency that transact faster than bitcoin? Not sure of the detail but I have read it somewhere. And when it happens again and again bitcoin will be wiped out. Remember we used to use CDs? tapes? camera films? Bitcoin was created almost a decade ago, that is a lifetime ago in the technology world.

other issues: practicality, and safety. It doesn't actually make paying for something easier, and some argue this is safer than traditional banking, well just look at the news of people lost coins or got hacked.


I do think it is possible for bitcoin to go up (not skyrocket though), but it seems the headwind is getting really strong. So why do you think you should hold on? Instead of just saying "it will go to the moon", "it will change the world", please provide reason.

I somehow agree to how you see bitcoin, but one thing I think where you are wrong. It is when you think bitcoin will end as there will be a better crpytocurrency to beat it. From what I know, the alpha version is always valuable and knowing that bitcoin is the alpha version of all cryptocurrency. It is the mother of these crypto-world. Despite if there are other cryptocurrency that trasacts faster than bitcoin with less fee or no fees at all, bitcoin will remain a legend. It will always have a value and as the supply keeps on decreasing, there will be a day when 1 bitcoin will be so expensive. Just my opinion though base on my views and from what Ive learned.

[Sandus_Cryptolover]

Bitcoin will die? Ehnn .... Well I don't see that happening rather there would be lots of other Cryptocurrencies to technologies Bette than Bitcoin at the present state, but it is a general known fact that no matter the new concept or technology put in place, it can never surpass the alpha version itself.

[Tatsuyashiba]

I think you have the truth too, maybe it is true that the point  that you said above has a direct effect on the decline in BTC prices.

[Tellek Garing]

I don't think bitcoin will die for a few years later because in bitcoin there is a technology that is awaited in the future where everyone can make transactions without fiat money like now who have made money transfers without having to meet other people

[indopool]

Currently bitcoin and altcoin are experiencing difficult times. This period will pass and everything will be fine. Now on the market there are certain manipulations so that newcomers in crypto currencies and psychologically are not balanced selling their bitcoin at very low prices. I think it's just business, not the end of Bitcoin.

[Bitbtc8]

I don't believe this,many coins have died in the past ,the main reason that can make a coin to die is when everyone dumps all the coins not when fewer dump and many buyers are buying ,you will need a mind controlling machine to control all the humans holding Btc to dump ,that's when Btc will die ,lol

[Naughty Princess]

I do not believe about it because Bitcoin will still be alive as long as there are still people who invest and still many the use this digital currency. no one will know about Bitcoin's future because it is difficult for predict.
 

Some predicting to much without doing things to prove later. People keep saying it going to die then regret when it rise up and wish for it to decrease the price. People have no contentment, give them an new opportunity and they will just going to judge it without giving a try. Those people have nothing to do but predicting the future and wasting a chance while waiting.

[exchangegif]

I don't think bitcoin will die and u are saying because of market downtrend but bitcoin is not a coin its a technology for digital payment. now most of other Altcoins price is in their all time down but bitcoin is stable between $6000 to $6500 and who is expecting bitcoin price fall for $3K than this will happen in their dream now many peoples are spreading FUD for create  panic sellers to make downtrend in market so they can buy bitcoin in down price & who trust on bitcoin and blockchain technology than they will make good profit in upcoming months.

[nabilanur]

I'm within question with this particular, We don't believe it might occur, bitcoin won't pass away regardless of what it's simply within our way of thinking because we're stress due to the decreasing from the cost at this time however for certain within the arriving several weeks it'll recuperate quickly.

[Crypto24hrs]

I have carefully examined your points they actually does not hold water, the existence of Bitcoin does not depend on the points you mentioned, Bitcoin is lord and has come to stay

[ogtejiri]

Well I think everyone has his or her own opinion and a right to express one's thought. Bitcoin maybe facing some challenges at the moment but it is still young and has so much potentials and in the upcoming years we will see bitcoin bounce back and price go up even far beyond what we have seen in the last years..let's just sit and watch what unfolds in years to come

[samcrypto]

I don't think bitcoin will die for a few years later because in bitcoin there is a technology that is awaited in the future where everyone can make transactions without fiat money like now who have made money transfers without having to meet other people

Well this also possible using bank, but this technology makes it more faster than ever and the fees is very cheap. Bitcoin is here to stay, there is no way for bitcoin to die. People love bitcoin, investors support bitcoin and that is enough reason for me to say that bitcoin is our future.

[Kidmat]

I have carefully examined your points they actually does not hold water, the existence of Bitcoin does not depend on the points you mentioned, Bitcoin is lord and has come to stay

Well I agree, bitcoin will stay and will continue to exists. Everytime price does not move people claims the end of bitcoin. I do not think the end rather bitcoin will grow hopefully the price this year end will explode.

[Babyrica0226]

I do not own any bitcoin, but I knew about bitcoin 6 years ago, before most people even heard about it. Except I didn't buy it then, I was wrong about that prediction. So I am trying to see if I can make some money now.

But looking into the future, I am still not convinced about bitcoin. Before anyone get all defensive, I would like to know WHY you think it will go up. Because I would like to make some money too.  

In my view, there are several problems:

1. Bitcoin value is all based on sentiment. Most people say it is under valued now, but that is only a reflection of how you feel about it. And this is fine, because in comparison most stock prices are irrational as well (especially these days). people make lots of money buying over valued stocks. But the problem I see is that the fear-of-missing-out sentiment has passed. Almost everyone know about bitcoin now. And they also know Bitcoin has dropped 70% of the value since its highest peak? Once someone get burned by something, the others will be a lot more cautious. And when people become rational about a investment that is built on sentiment, that is a huge problem for future growth. there are many examples of puffed up stocks crashing down to earth, and never to recover its value. The ones that can recover and soar in the long run all have great business fundamental to support its value, in other words "making money".

2. Bitcoin is no longer unique. Regardless of what people say, bitcoin is not like gold. Sure, the amount of bitcoin is finite, but it is not unique compared to other cryptocurrency. The only thing special about it, is the name itself. And there are tons of new cryptocurrencies now, and people can create infinitely more types, IF it is profitable. Correct me if I am wrong, what is the fundamental difference between a "bitcoin" and a "ripple" other than the value? nothing at all.

3. technology risks. There is always a possibility a more advanced cryptocurrency will emerge and completely outshine bitcoin. I believe there are already some cryptocurrency that transact faster than bitcoin? Not sure of the detail but I have read it somewhere. And when it happens again and again bitcoin will be wiped out. Remember we used to use CDs? tapes? camera films? Bitcoin was created almost a decade ago, that is a lifetime ago in the technology world.

other issues: practicality, and safety. It doesn't actually make paying for something easier, and some argue this is safer than traditional banking, well just look at the news of people lost coins or got hacked.


I do think it is possible for bitcoin to go up (not skyrocket though), but it seems the headwind is getting really strong. So why do you think you should hold on? Instead of just saying "it will go to the moon", "it will change the world", please provide reason.

All of this explanation of yours are the reflection of your belief in Bitcoin and also a reflections of your behavior towards into Bitcoin too.
Your basis was none sense and it doesn't make sense to me at all. Though the market now whether bitcoin or altcoins are in declining stage period but it doesn't mean it will going to die of course not! this is trading industry where volatility is more likely happen most of the time.

[bitcoin31]

Bitcoin is not going to die because even then market down it will up again.  Bitcoin is unique because they life for almost decade now and from very low price to highesy price. Bitcoin is really big difference to other coins. Bitcoin still alive and I believe it will increase the value of the bitcoin again. I hope bitcoin will get a lot of investor again and have a new project and many partners.