Why is BTC dead

[South Park]

Simple explanation. There were few on the top, earned a lot of money, the rest were just losing it. The problem is, there will be no new investments. This is not stock market aka Tesla, FB...BTC do not produce any usability to anyone. It is just mere speculation.

Not to mention all the scams related to blockchain coins. From Tezos to Bankera and Centra, and we are talking about milions.

Btc will be replaced with coins like TUSD.


As I said, few gained fortune the majority lost most of the investment. I lost 10k eur. Not to kill myself but still a lot for an average Joe.

Stable coins are never going to replace bitcoin at the top if you want to use fiat that much then just use fiat and stop to try to make it seem as if it is something new, in this market only a true cryptocurrency not backed by anything expect its technology will always be at the top, I do not know if bitcoin will have that spot forever but at least it is going to hold it for the next decades.

[bce]

perhaps in my opinion the development of the crypto currency depends on the investor itself and the loss of the crypto currency can also be due to its own investors, and the loss of crypto may also be possible due to government restrictions

[okala]

Bitcoin is not death and most of the speculators has not get it right and that is why we keep saying bitcoin is death.  I don't think we should be posting this type of post as it creates panic in the mind of newbies among us.  Cryptocurrencies market is going to recover in future and my hopes is on the ways it has recovered in the past.

[aris av]

I never thought bitcoin would die, try to calm down and don't always think the death of bitcoin is only due to price setbacks. Bitcoin is the main coin in crypto and is more likely to survive and can increase its price in the future.

[Slow death]

Simple explanation. There were few on the top, earned a lot of money, the rest were just losing it.

I'm going to repeat the same thing I said in another thread, people will only lose if they sell with losses, but if they do not sell when prices go up, they'll make a profit. it is simple

The problem is, there will be no new investments.

for now there is not much demand, but in the future will have more demand

This is not stock market aka Tesla, FB...BTC do not produce any usability to anyone. It is just mere speculation.

I do not answer that because I think anger is blinding you, there are many benefits that bitcoin brought

Not to mention all the scams related to blockchain coins. From Tezos to Bankera and Centra, and we are talking about milions.

in the real world there are many scammers and people know this, so people should be very careful when investing money and should always do research before investing money

As I said, few gained fortune the majority lost most of the investment.

it depends on the knowledge and strategy of each person, we can not blame bitcoin

I lost 10k eur.

because you were not patient and sold with losses

[creeps]

Bitcoin is not death and most of the speculators has not get it right and that is why we keep saying bitcoin is death.  I don't think we should be posting this type of post as it creates panic in the mind of newbies among us.  Cryptocurrencies market is going to recover in future and my hopes is on the ways it has recovered in the past.

The price of bitcoin is still around $3k-$4k level, still higher compare to the price in the previous year. I don’t see any sign of bitcoin being on that position. We migh be missing the peak price of bitcoin but you should not lose hope because this market will recover again. Yes, this kind of topic can create panic to everyone who still don’t believe with bitcoin.

Bitcoin is not dead... bitcoin just need a correction time i think. it is the correction time. and i hope in the future it will rise up again. and i believe that it will reach the new all time high again in the future

Indeed, we need the true value of bitcoin outside the manipulators price and this is why we are in a correction now. I also believe that we will create new peak in the future so for me, its better to hold than to panic.

[thecodebear]

Simple explanation. There were few on the top, earned a lot of money, the rest were just losing it. The problem is, there will be no new investments. This is not stock market aka Tesla, FB...BTC do not produce any usability to anyone. It is just mere speculation.

Not to mention all the scams related to blockchain coins. From Tezos to Bankera and Centra, and we are talking about milions.

Btc will be replaced with coins like TUSD.


As I said, few gained fortune the majority lost most of the investment. I lost 10k eur. Not to kill myself but still a lot for an average Joe.

Simple explanation: Your comment is spoken like someone who had never heard of Bitcoin before 2017 and knows nothing about it beyond the 2017-2018 market, and since you said you lost money that confirms it.

[timerland]

Simple explanation. There were few on the top, earned a lot of money, the rest were just losing it. The problem is, there will be no new investments. This is not stock market aka Tesla, FB...BTC do not produce any usability to anyone. It is just mere speculation.

Not to mention all the scams related to blockchain coins. From Tezos to Bankera and Centra, and we are talking about milions.

Btc will be replaced with coins like TUSD.


As I said, few gained fortune the majority lost most of the investment. I lost 10k eur. Not to kill myself but still a lot for an average Joe.

Why are other blockchain scams related to bitcoin at all?

In fact, I'm fairly sure that most of the bitcoin community completely discourages people from investing in random blockchain projects which have no working product and are simply trying to make a buck from the expensive of investors.

People are still speculating within the market, sure. But that is because they believe in the future bitcoin will gain more acceptance as a form of payment, and thus have more demand. I don't think that is something as bad as you think it is.

Bitcoin isn't dead. A bear market isn't the end, it's simply something short term. There are no bullish movements right now because the market sentiment remains to be negative, which is the case in all bear markets.

[Hiltohen]

Bitcoin is not dead... bitcoin just need a correction time i think. it is the correction time. and i hope in the future it will rise up again. and i believe that it will reach the new all time high again in the future

No, it is dead and he can basically get out of the market for all we care. Probably, with the stock market falling, he should as well just start assuming the whole global market is dead as a result of a downtrend. The level at which people think sometimes though can be a little appalling. This is a correction or probably a little crash, call it whatever, but those who know it is a chance to get in lower, will know what to be doing, while some people who keep looking at a dead market when there is none, will have a taste of their own medicine in the long run. I wonder how people tend to give up hope as a result of a little downtrend.

[liuqi]

TUSD will not replace BTC as it is still backed by USD which has an inherent risk of reducing in value so it will NOT replace BTC as an alternative store of value.

TUSD is a one kind of standard crypto currency But bitcoin is a decentralized cryptocurrency so it will raise and fall at anytime. In current trend USDT is a most familiar cryptocurrency so majority of the crypto investors are concentrate in USDT. I think you confused in this statement because they ask Why is BTC dead so it is hypothetical question.

[NeuroticFish]

Simple explanation. There were few on the top, earned a lot of money, the rest were just losing it. The problem is, there will be no new investments.

This explanation tells nothing about Bitcoin. On every investment some buy low and sell high while others get burned if they don't understand the market.

This is not stock market aka Tesla, FB...BTC do not produce any usability to anyone. It is just mere speculation.

Then tell me, why people get US Dollar? Since it's not "producing" anything? Still FED prints money and people have no issues accepting them.

Not to mention all the scams related to blockchain coins. From Tezos to Bankera and Centra, and we are talking about milions.

Btc will be replaced with coins like TUSD.

As I said, few gained fortune the majority lost most of the investment. I lost 10k eur. Not to kill myself but still a lot for an average Joe.

You mixed up Bitcoin, Blockchain, investments, scams, various good and bad projects together.
This doesn't tell Bitcoin is bad or dying, this just shows how little is your understanding about this. If this interests you, you better read way more (although if you are this frustrated, you probably won't).
Sorry for your 10k, next time think before FOMO.

[Oprah]

I do not think so. Just look at the daily trading volume and capitalization.

[TravelMug]

Simple explanation. There were few on the top, earned a lot of money, the rest were just losing it. The problem is, there will be no new investments. This is not stock market aka Tesla, FB...BTC do not produce any usability to anyone. It is just mere speculation.

Not to mention all the scams related to blockchain coins. From Tezos to Bankera and Centra, and we are talking about milions.

Btc will be replaced with coins like TUSD.


As I said, few gained fortune the majority lost most of the investment. I lost 10k eur. Not to kill myself but still a lot for an average Joe.

I disagree with your argument that few gained fortune here. There are a lot of early bagholders and even those who invested early in 2017 have gained fortune as well. Those who have lost didn't know the risk and now blame the system. Lol. Before you invest on anything know the risk first.

Blockchain coins? you mean ICO? they're totally separate entity to Bitcoin as far as I know. Lmao Bitcoin will be replaced by what? TUSD? You gonna be kidding me.

[BountyGo]

BTC in particular and crypto in general is here to stay, and with the massive improvements in the crypto ecosystem with institutional players like Nasdaq, NYSE, banks, major companies and even sovereign governments stepping in, this is an emerging asset class with obvious upside in the long term. Add regulatory clarity and we will eventually have lift off.

[lelylely]

Bitcoin will remain and become the main crypto, indeed many think bitcoin will weaken and be replaced with other coins, but in fact bitcoin is still the main one.

[ngusmin]

I still believe that bitcoin will not die in the near term, Bitcoin will still be the main coin in crypto and will not be replaced by TUSD.

[drachman]

Simple explanation. There were few on the top, earned a lot of money, the rest were just losing it. The problem is, there will be no new investments. This is not stock market aka Tesla, FB...BTC do not produce any usability to anyone. It is just mere speculation.

Not to mention all the scams related to blockchain coins. From Tezos to Bankera and Centra, and we are talking about milions.

Btc will be replaced with coins like TUSD.


As I said, few gained fortune the majority lost most of the investment. I lost 10k eur. Not to kill myself but still a lot for an average Joe.

You are not seeing the whole picture, it is true that bitcoin does not produce a product but it gives a service, the service of sending your money wherever you want and to hold your money in a coin independent from government control, so stablecoins are not going to replace bitcoin, if you really like them that much then just use fiat, those coins are not even cryptocurrencies at all even if people buy them and think of them as part of the market.

[Question123]

Not dead. Because last 12 months ago we experienced the value of the bitcoin decreased only. But don't worry now because the value of the bitcoin increase a little bit and it is good sign for the bull run to come. Bitcoin will not dead because we are here to support, trust,  believe and to love it.

[TravelMug]

Not dead.

Obviously its not going to die and believed me a lot of people are really praying for the demise of Bitcoin but as you can see they all failed because bitcoin remains very resilient from those naysayers and has proven time and again that it can go and recovered. Just like we witnessed in the last couple of days, bitcoin breaking $3800 and $4000 price. It could be a long way before reaching another all-time-high though, so we need a lot of patience and mental toughness.

[WinslowIII]

Not dead.

Obviously its not going to die and believed me a lot of people are really praying for the demise of Bitcoin but as you can see they all failed because bitcoin remains very resilient from those naysayers and has proven time and again that it can go and recovered. Just like we witnessed in the last couple of days, bitcoin breaking $3800 and $4000 price. It could be a long way before reaching another all-time-high though, so we need a lot of patience and mental toughness.

Bitcoin fell from $20k to $6k over 9 months, then sat at $6ks for 3 months then the price was cut in half virtually overnight. a few days later it rose to $4k, and you call that resilient? I call it a dead cat bounce.