Why is BTC dead

[BlackPanda]

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.

This is a positive improvement process. We have got good results because the price of Bitcoin has reached a much better pase.
The market had bled at some time ago and now we are trying to start a situation for something better.
I am optimistic that the price can reach more than 6,000USD. Hopefully that can happen in Q1 2019.

[WinslowIII]

Maybe $4k range for a bit before the next move, which I bet is down again. There's just no reason for the next bull run to start. So far, bitcoin runs either down or sideways about 100x times longer than it runs upwards. But when it runs upward, it runs HARD.

[shendy]

I don't imagine btc is dead, but it will continue to grow to provide evidence that bitcoin is indeed worthy of being a tool for transactions and investments. There is still value and a strong community to make it more developed.

[gabmen]

I don't imagine btc is dead, but it will continue to grow to provide evidence that bitcoin is indeed worthy of being a tool for transactions and investments. There is still value and a strong community to make it more developed.

It's dead for those people that can't seem to make money out of it lol. For shorters who have been losing money. Of course they'll think about it that way. And bitcoin has died several times already. It's just too resilient to stay dead 🤣

[hungafub]

When BTC was at 8000 during a red week everyone was saying it's over, yet this last week there is a little green and the sentiment is all positive, but we're only around 4,000! I think regardless of the market we should be supportive of the tech and always show a positive outlook to outsiders.. saying like "yeah, bear markets are normal things, but there are so many crypto projects that can seriously change the future and some of the best minds are hard at work, regardless of the current state of the market." If people on the outside see how panic stricken crypto investors get, they will definitely stay out.

[normanz]

Bitcoin will remain the main and certainly the strongest and will remain the strongest, bitcoin will not be defeated by alternative coins.

[Epimetheus]

Bitcoin will remain the main and certainly the strongest and will remain the strongest, bitcoin will not be defeated by alternative coins.

No bitcoin is not dead yet.It has the largest number of users in the market and it is still the most valuable and expensive cryptocurrency in the market.Bitcoin is the best investment option in today's date as the prices are down and when the price will rise the users will get good amounts of profit returns.Bitcoin is a money making machine and one should definitely take advantage of it.It has the potential to make new records as it did in 2017.

[Kimi80]

I think that investors might get into the game looking for profit that goes beyond 100% and even more. It might happen again so I am not sure that bitcoin is dead yet. But I do agree with you that in the future, government stable coins with dollar approximate value will be used. For me that's only logical to happen.

[b3j0]

bitcoin will never die, when the price of bitcoin drops very dramatically does not mean that bitcoin is dead, but this is the right time to buy. I am still very confident that bitcoin is an excellent investment tool.

[Horas1976]

Bitcoin is dead, assuming those who have lost and have no results. Bitcoin will rise from adversity that happens, and still needs a lot of corrections so people don't underestimate it.

[Lazada]

Bitcoin will remain the main and certainly the strongest and will remain the strongest, bitcoin will not be defeated by alternative coins.

No bitcoin is not dead yet.It has the largest number of users in the market and it is still the most valuable and expensive cryptocurrency in the market.Bitcoin is the best investment option in today's date as the prices are down and when the price will rise the users will get good amounts of profit returns.Bitcoin is a money making machine and one should definitely take advantage of it.It has the potential to make new records as it did in 2017.

The number of Bitcoin users at this time proves that Bitcoin still has a very good level of trust from the public. So when someone says Bitcoin will die then that is impossible. As long as Bitcoin is still used, the Bitcoin will still exist and have a price in the market.

[denny27]

Bitcoin is dead, assuming those who have lost and have no results. Bitcoin will rise from adversity that happens, and still needs a lot of corrections so people don't underestimate it.

It seems like a temporary attack is taking place this year, hopefully the world will indeed say that bitcoin deserves to last forever which has an important role, there is no harm in us indeed believing in bitcoin which indeed has the potential to encompass the future in various things related to economic life.

[Golftech]

Bitcoin is dead, assuming those who have lost and have no results. Bitcoin will rise from adversity that happens, and still needs a lot of corrections so people don't underestimate it.

It seems like a temporary attack is taking place this year, hopefully the world will indeed say that bitcoin deserves to last forever which has an important role, there is no harm in us indeed believing in bitcoin which indeed has the potential to encompass the future in various things related to economic life.

If being well adopted and maintained in a correct manner, Bitcoin is a big help for such economy as the transactions can fasten any deals around, from boarders to another it will help lifting things to be more faster, the situation right now will be a test for both Bitcoin supporters and developers to keep improving so it can be more usable in the long run and attract new investors.

[Desscount]

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.

This is funny, when someone says BTTC is dead
the fact that bitcoin up to now has a very expensive price compared to fiat currency. look at the market, be careful and try to learn the history of crypto trading. this is not the first time in any setback. and it's time for the bull to come

[beerlover]

People are unfortunately too attached to pessimistic approach than the optimistic one even here. Yes the price has fallen a lot in the past year however we are forgetting the fact that it had to increase insanely in order to fall, when you say bitcoin was once 20 thousand dollars and right now under 4 thousand dollars you are forgetting one important fact which is bitcoin rose to 20 thousand dollars to begin with.

I mean the price was probably couple cents at first, but if we move forward when the 2017 started price was incredibly low and hit 20 thousand dollars by the end as well. Which tells me yes there is a chance bitcoin could fall all the time, there is always that possibility but there is also a chance bitcoin could go x20 anytime and there is nothing that could stop it. We just tossing a coin and hoping it would come bull instead of bear.

[safarabela]

Bitcoin will not lose its position as the main crypto coin, bitcoin will be more likely to survive and therefore I prefer bitcoin.

[hisuka]

Bitcoin will not lose its position as the main crypto coin, bitcoin will be more likely to survive and therefore I prefer bitcoin.

Exactly, people always claims bitcoin is dead when price slumps. I believe it will survive though it takes time price to bounce back to it’s value. Bitcoin will still be on top amongst other crypto.

[Naughty Princess]

I don't imagine btc is dead, but it will continue to grow to provide evidence that bitcoin is indeed worthy of being a tool for transactions and investments. There is still value and a strong community to make it more developed.

I agree. Bitcoin provides evidence to grow again and gonna worth higher. Price falls won't indicate that it is dead, it is an opportunity that we can invest in lower price and gain profit when it increase again. Bitcoin is being used as payment method where we can transact more faster and less hassle.

[arpon11]

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 think this is just the beginning and bitcoin is not mere speculations but and investment in something that is as real as money.  Remember that bitcoin has makes great breakthrough in the area of fund transfer,  assist in creating jobs and many of us here has become very wealthy.  However,  loses is part of investment and trading!  Some of us that have traded forex before can authoritatively tell you that 95% of the investors lose money in trading and only 5% make profits from the market!  Bitcoin is not different and that is why it is good you know how it works before investing.

[DonFacundo]

bitcoin is not going to dead just because of the scam coins, many people still use bitcoin for their transferring money or as a payment method, I believe bitcoin will recover and will set a new record reaching the highest price.