Is Bitcoin Over?

[wxa7115]

right now Bitcoin is going up again, are you all saying that bitcoin is over ?,
it's very clear it's a funny sentence to hear, when the price of Bitcoin goes down it all says Dead,
when Bitcoin goes up what do you say? 

Some people are going to keep saying that no matter what, whether this is because they hate bitcoin and what it represents, bitcoin affects their interests or they are simply paid to say that, bitcoin is going to keep being the target of their attacks and they will keep saying that it is over even when it is skyrocketing.

However what we are seeing happening in the price of bitcoin is very interesting I didn't really thought that we were going to see the price of bitcoin recovering so soon but now the issue is if this recovery can be maintained and I'm not so sure that is the case but the only way to find out is to see what the price does next.

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[elisabetheva]

something updates that occur because of information that develops through social media are all one because of technological developments that are always growing to update it. so with the update, the matter of bitcoin will also be known by many people. update technology continues to grow, one of which is bitcoin, which also will experience continuous updates and it is unlikely that bitcoin will end, but instead continues to develop

[Debonaire217]

I dont think thats the reason because even newbies know that after the block reward is halved is when the crypto market usually experience bull run but the false articles posted about this year halving to be different and disappointed is the number reason some people think bitcoin is over.

it's still too early to think about the death of bitcoin! Q2, halving bitcoin will happen, we can see what the price will be like, if it doesn't affect the price I think Bitcoin will lose buyers

If it doesn't affect the price, then it will surely does in the future, because bitcoin halving's effect will be evident but not in an instant, meaning to say that it will undergo market correction first before the actual price to settle. Merely, the price that we could see is just a plain effect of hype people have created but supported with huge accumulation of bitcoin in that time.

[Linkkoin]

it's still too early to think about the death of bitcoin! Q2, halving bitcoin will happen, we can see what the price will be like, if it doesn't affect the price I think Bitcoin will lose buyers

BTC will not die in a foreseeable future unless the faketoshi would turn to be satoshi and dump whole 1 million BTC of satoshi at once. What is obviously impossible.

But we can expect price of BTC to drop after halving, as smaller miners would have the cost of operating (until they upgrade their mining farms to new equipment) higher than the value of BTC - then they will be forced to sell some of the hoarded BTC

[wxa7115]

I dont think thats the reason because even newbies know that after the block reward is halved is when the crypto market usually experience bull run but the false articles posted about this year halving to be different and disappointed is the number reason some people think bitcoin is over.

it's still too early to think about the death of bitcoin! Q2, halving bitcoin will happen, we can see what the price will be like, if it doesn't affect the price I think Bitcoin will lose buyers

If it doesn't affect the price, then it will surely does in the future, because bitcoin halving's effect will be evident but not in an instant, meaning to say that it will undergo market correction first before the actual price to settle. Merely, the price that we could see is just a plain effect of hype people have created but supported with huge accumulation of bitcoin in that time.

I really think that it is entirely possible that what we are seeing right now in the market and the recovery that everyone is so excited about it is an early reaction to the halving that will happen during the second quarter of this year.

However we have yet to see if this recovery can last, the growth in the price of bitcoin has been too fast and it does not match the previous experiences we have with bull markets in which the price increase begins in a very slow way only to increase dramatically at the end of the bubble, this seems something different and that makes me nervous.

[criza]

[quote author=Lambolife

IMO, censorship resistance and lack of central authority are endgoals of a world currency, not a mean to an end.
The goal is the decentralization and the lack of central authority. This is why  bitcoin was created.

That is why a lot of people are deep in using Bitcoin currency because of its censorship and the fact that it can't be truly controlled by an organization body like the Government. The events that might happen on bitcoin is solely based on the market and the users that plays a big role in its entirety such as investors, traders and many more.

[Negotiation]

As long as there are nodes on the Bitcoin network continuing to run the software, then it will not die. There is a reason Bitcoin is the top coin and none of the attempts before it were successful. Blockchains allow for decentralization and that is what made Bitcoin even possible. You can't just shrug that amazing concept off as something small.

Yes, you are right that Bitcoin is a top currency and we did not try to succeed I think if we invest more in Bitcoin then the price will definitely increase as Bitcoin can never end. Many of us have withdrawn because of the drop in prices and many say that bitcoin may end.

[Visbay]

As long as there are nodes on the Bitcoin network continuing to run the software, then it will not die. There is a reason Bitcoin is the top coin and none of the attempts before it were successful. Blockchains allow for decentralization and that is what made Bitcoin even possible. You can't just shrug that amazing concept off as something small.

Yes, you are right that Bitcoin is a top currency and we did not try to succeed I think if we invest more in Bitcoin then the price will definitely increase as Bitcoin can never end. Many of us have withdrawn because of the drop in prices and many say that bitcoin may end.

Bitcoin will never end in life it will remain in the market because crypto is totally based on it and price fall will not affect it’s worth every. It's now has risen in use because the price was down and people made massive purchasing so it’s not going to end not according to me at least but the price pump and dump are so natural it’s all because of demand and supply.

[Twentyonepaylots]

As long as there are nodes on the Bitcoin network continuing to run the software, then it will not die. There is a reason Bitcoin is the top coin and none of the attempts before it were successful. Blockchains allow for decentralization and that is what made Bitcoin even possible. You can't just shrug that amazing concept off as something small.

Yes, you are right that Bitcoin is a top currency and we did not try to succeed I think if we invest more in Bitcoin then the price will definitely increase as Bitcoin can never end. Many of us have withdrawn because of the drop in prices and many say that bitcoin may end.

Bitcoin will never end in life it will remain in the market because crypto is totally based on it and price fall will not affect it’s worth every. It's now has risen in use because the price was down and people made massive purchasing so it’s not going to end not according to me at least but the price pump and dump are so natural it’s all because of demand and supply.

If bitcoin dies, all of the cryptocurrencies we have in the market will die along with it. They follow the same technology as bitcoin, most coins depend on bitcoin, bitcoin losing value will mean bad luck for everyone. As more and more people pull their investments out of the cryptocurrency market, all coins will go down in value until they all drop to zero.

[White Christmas]

something updates that occur because of information that develops through social media are all one because of technological developments that are always growing to update it. so with the update, the matter of bitcoin will also be known by many people. update technology continues to grow, one of which is bitcoin, which also will experience continuous updates and it is unlikely that bitcoin will end, but instead continues to develop

That's right, bitcoin is not yet over in which it is having a good time right now because due to the many people are getting interested on this digital currency or what we called the cryptocurrency then the more it goes trending then when it gets trending the possibility of the users of it will be increasingly as time passes by.
Bitcoin will not be over yet it may down sometimes which is normal because of suddenly changes from the market, but bitcoin will not have a bad time in which it will be forced to over or stop, otherwise people will complaint if that thing will happens.

[kodtycoon]

something updates that occur because of information that develops through social media are all one because of technological developments that are always growing to update it. so with the update, the matter of bitcoin will also be known by many people. update technology continues to grow, one of which is bitcoin, which also will experience continuous updates and it is unlikely that bitcoin will end, but instead continues to develop

That's right, bitcoin is not yet over in which it is having a good time right now because due to the many people are getting interested on this digital currency or what we called the cryptocurrency then the more it goes trending then when it gets trending the possibility of the users of it will be increasingly as time passes by.
Bitcoin will not be over yet it may down sometimes which is normal because of suddenly changes from the market, but bitcoin will not have a bad time in which it will be forced to over or stop, otherwise people will complaint if that thing will happens.

rising and falling prices is something that is reasonable and certainly will not surprise us anymore, assuming bitcoin is dead just because prices continue to decline is only a pessimistic action or despair, because on the other hand developments and an adoption continues to prove that growth continues to increase, prices do not always go up because with prices that are more actively moving, it proves that demand is always there that will not make it die

[wxa7115]

If bitcoin dies, all of the cryptocurrencies we have in the market will die along with it. They follow the same technology as bitcoin, most coins depend on bitcoin, bitcoin losing value will mean bad luck for everyone. As more and more people pull their investments out of the cryptocurrency market, all coins will go down in value until they all drop to zero.

Most of those that wish that bitcoin dies are the same they want their favourite altcoin to take that position but if bitcoin at some point became vulnerable to some kind of threat and that gradually caused its end then all altcoins will die with it as well.

Almost all altcoins are using the same technology and so whatever that affected bitcoin will affect altcoins as well and the loss in confidence that investors will suffer from that crash will most likely mean that they will never invest in cryptocurrencies ever again.

[Aikidoka]

Bitcoin will be not over yet! It's still a new cryptocurrencies even though it has passed already 10 years since the creation of it. I believe that this technology of cryptocurrencies will stay a long time in the future and it will rise a lot in the whole world, one day all people around the world will use this cryptocurrency instead of using fiat, that's really my prediction of what will happen in the future.

[elisabetheva]

Bitcoin will be not over yet! It's still a new cryptocurrencies even though it has passed already 10 years since the creation of it. I believe that this technology of cryptocurrencies will stay a long time in the future and it will rise a lot in the whole world, one day all people around the world will use this cryptocurrency instead of using fiat, that's really my prediction of what will happen in the future.

I totally agree with what you say that crypto technology will last a long time and it is not impossible that it will expand throughout the world where developing technology will inform. indeed it takes an internet network that reaches all if crypto wants to be better known. but it might take a while to reach the destination. as well as bitcoin which can replace fiat as a means of payment. but bitcoin will still exist because in unison with technology that continues to advance.

[KrisAlex18]

Now I wanna ask your opinions on my main point which is:

"Bitcoin's intrinsic value is the amalgamation of the platform, its users, and its development."

By definition for an investment this has to be an incorrect definition. Intrinsic value of an investment is the net present value of the future cash flow, value, or utility that the "investment", Bitcoin in this case, provides.

And in this case for Bitcoin it's really the future value and future utility. Bitcoin was created to be a currency but the market is actually using Bitcoin as a store of value. There hasn't been an a significant increase in use as a currency.

If you want to compare Bitcoin to Gold, gold only has intrinsic value because we humans believe it is valuable.

If you want to compare Bitcoin to fiat currency, fiat currency only has intrinsic value because our governments say it does.

Maybe the intrinsic value of Bitcoin is inversely correlated to the confidence people have in their government. If there is distrust in government the intrinsic value of Bitcoing goes up because it allows us to store wealth in a unit of measure that is not owned by the trustless government.

"Bitcoin's intrinsic value is the amalgamation of the platform, its users, and its development."

I don't agree.

There are many other attempts to create a cryptocurrency before, but all of them failed. Do you know why? Because they were centralized. Bitcoin was the first truly decentralized.

Actually, you do agree. You agree that the intrinsic value of Bitcoin comes from its "platform" because you state that Bitcoin is successful because it is decentralized.

Bitcoin is the future of our country and many people. This is the new generation on how people earn some money with the use of some cryptocurrencies.With the help of developing technology, we create something that night help our financial problems. If this is over, many people get lost there investment and we don't want that to happen because it might affect our economy.

[chip1994]

I disagree. My opinion is quite close to reality now. This is actually a game of manipulating the price of those who have a lot of money, now no one is investing for technology anymore. because no matter how good the technology is, it doesn't apply to our lives much. I find that there are many great wallet apps and they can be used for payment, but who download the app and use it only for payment? People use it to hold coins. So people only care about the price of bitcoin and that's why this game never ends even though bitcoin is getting slower.

[thottum]

BTC will here to stay as no government can stop it. Their adoption may be slowed down but it will not go in the opposite way from where it is now IMO. Let us assume the price never moves from here and just think what happens after two BTC halving say 4 or 5 years from now definitely it will push the price because of the less supply.

[monineklutak]

if bitcoin ends then the world will be unstable! bitcoin will replace gold, so there's no way bitcoin will end, it's still too early to ask that, believe in yourself and believe that bitcoin will be better

[julius caesar]

Actually I do not agree to your statement. We all know that being decentralized is very important on the side of cryptocurrency because it will make its price fluctuate any time depends on the consumers supply and demand. If there is someone who controls it, it will bypass the main purpose or cryptocurrency which is to have volatile value and let the supply and demand of the people decides what is the value of it.

[Webetcoins]

Now I wanna ask your opinions on my main point which is:

"Bitcoin's intrinsic value is the amalgamation of the platform, its users, and its development."

By definition for an investment this has to be an incorrect definition. Intrinsic value of an investment is the net present value of the future cash flow, value, or utility that the "investment", Bitcoin in this case, provides.

And in this case for Bitcoin it's really the future value and future utility. Bitcoin was created to be a currency but the market is actually using Bitcoin as a store of value. There hasn't been an a significant increase in use as a currency.

If you want to compare Bitcoin to Gold, gold only has intrinsic value because we humans believe it is valuable.

If you want to compare Bitcoin to fiat currency, fiat currency only has intrinsic value because our governments say it does.

Maybe the intrinsic value of Bitcoin is inversely correlated to the confidence people have in their government. If there is distrust in government the intrinsic value of Bitcoing goes up because it allows us to store wealth in a unit of measure that is not owned by the trustless government.

"Bitcoin's intrinsic value is the amalgamation of the platform, its users, and its development."

I don't agree.

There are many other attempts to create a cryptocurrency before, but all of them failed. Do you know why? Because they were centralized. Bitcoin was the first truly decentralized.

Actually, you do agree. You agree that the intrinsic value of Bitcoin comes from its "platform" because you state that Bitcoin is successful because it is decentralized.

Bitcoin is the future of our country and many people. This is the new generation on how people earn some money with the use of some cryptocurrencies.With the help of developing technology, we create something that night help our financial problems. If this is over, many people get lost there investment and we don't want that to happen because it might affect our economy.

People enjoy earning by staying home and using technology. This is what bitcoin is doing, it is serving both purposes. Many people left their jobs because they were and they are making good money with trading and by holding of bitcoin. I am of view that bitcoin is highly appreciated by new generation because all is done through internet and computer. Bitcoin will stay in the world forever.