It’s dying for the 378th time, so when’s the 379th?

[cheezcarls]

Bitcoin and leading cryptocurrency prices have taken a major hit over the last couple of days. As you might expect, there are no shortage of volunteers to deliver its last rites given the recent volatility.

Over the last 24 hours, Bitcoin has shed around $14 billion from its total market capitalization. This has brought the price down to around $7,180 at the time of writing.

Source link here

For the 378th time, Bitcoin is dying.

I’ve seen a lot of news over and over that “Bitcoin is dying for the XXX time”. I wish somebody from the press would actually have a different kind of headline such as “Bitcoin was resurrected for the 378th time”.

At the end of the day, you can’t kill Bitcoin. It may have died 378 times, but was resurrected 378 times as well.

It’s like we’re playing a Playstation “Bitcoin” game with Gameshark cheat codes enabling “Unlimited lives for Bitcoin”.

I can’t wait for Bitcoin to die (and resurrected) for the 379th time.

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[gabmen]

A lot of us here are not even making a big deal out of that anymore. You're right, it's died too many times that we've gotten used to the process of it dying and waking back up. The only time you lose is when you start to believe that it's really the end for bitcoin. The process continues and it probably will until the whole thing stabilizes or fluctuates much less like fiat.

[BrewMaster]

It’s like we’re playing a Playstation “Bitcoin” game with Gameshark cheat codes enabling “Unlimited lives for Bitcoin”.

it actually is more like a mountain climber that people cheer on as long as it is climbing the mountain but as soon as he stops to catch his breath everyone starts posting obituaries about how he died under an avalanche...

[Yaunfitda]

Well if you have been in the market for so long, this sort of bitcoin obituaries is just like normal. But for newbies they might be affected negatively. You can declare a altcoin dead and not resurrection, but bitcoin? Nah, it has survived many attacks in the past and I don't see it dying in the next 10 years or so.

[trumpman]

Well, media sites need to attract clicks and FB shares somehow. Death makes for a nice sensational title that attracts lots of clicks from the average Joe 😂 At this point I doubt there is even a single news source that really believe btc is dead!

Imo, Market manipulation  also plays a role. I strongly believe many of those bitcoin are dead (or BTC  sets new paradigm ) are just paid to publish.

For 7000 $ a piece I think you can hardly call anything dead. Just pay no attention and keep accumulating. 😂

[blckhawk]

That's too high of a number to be even worried of. It just proves that Bitcoin has surpassed, and is most likely to surpass, future blows to its market. And times like these aren't even surprising. Considering the market's nature, being decentralized, governed by no one, it should come as a no surprise that significant dumps like these are possible. Then there are those people that spread FUD, telling that Bitcoin would "totally die soon", which makes no sense given the fact that all of these should be seen as "normal".

[1Referee]

For 7000 $ a piece I think you can hardly call anything dead. Just pay no attention and keep accumulating. 😂

I think that they hope to be right eventually. Perma bears like Peter Schiff keep calling for a crash, and while he does know that he will be wrong many many times, he also knows that he will be right eventually because the price will start correcting and crashing at some point. Bitcoin is known to have brutal crashes, and that's exactly what he is waiting for to happen.

Any person covering Bitcoin for years calling Bitcoin dead at current prices is just retarded or purposely trying to scare off noobs. The latter applies to Peter Schiff.

Bitcoin just can't die. It stays alive and kicking even when the price is just a couple of dollars a pop. There will always be an ecosystem around it. Not many people back in 2010 could have imagined to see $7000 per coin. They just used it because it was useful to them. Speculation was mostly irrelevant.

[coin-investor]

Bitcoin and leading cryptocurrency prices have taken a major hit over the last couple of days. As you might expect, there are no shortage of volunteers to deliver its last rites given the recent volatility.

Over the last 24 hours, Bitcoin has shed around $14 billion from its total market capitalization. This has brought the price down to around $7,180 at the time of writing.

Source link here

For the 378th time, Bitcoin is dying.

I’ve seen a lot of news over and over that “Bitcoin is dying for the XXX time”. I wish somebody from the press would actually have a different kind of headline such as “Bitcoin was resurrected for the 378th time”.

At the end of the day, you can’t kill Bitcoin. It may have died 378 times, but was resurrected 378 times as well.

It’s like we’re playing a Playstation “Bitcoin” game with Gameshark cheat codes enabling “Unlimited lives for Bitcoin”.

I can’t wait for Bitcoin to die (and resurrected) for the 379th time.

The way how the market is moving and the way how people react, it could even reach 1000 times, I like that we have something like the Bitcoin obituary https://99bitcoins.com/bitcoin-obituaries/, that recorded the many times Bitcoin was reported dead and get up to make a huge comeback, it's a big testimony that Bitcoin is here to stay no matter what happen.

[boltz]

Bitcoin is dying every day if you take the speculators word or those who are just panic at every dropping in price because they joined Bitcoin to get rich over night remember ? This kind if people are fuel Bitcoin price with their money as they only chase quick profits from nothing ...so they never learn they go public and shout Bitcoin is dead , they sell and when Bitcoin is rising they call it scam...I'm tired of this people.

[Darker45]

This is the very reason why Bitcoin's death is no biggie anymore. It has died countless of times already. I guess even the detractors, haters, morticians, undertakers, and eulogists of Bitcoin are dead tired of seeing Bitcoin dead over and over again.

When I was a newbie in this huge Bitcoin community, I used to react with anger at those Bitcoin detractors feeling happy and successful every time they proclaim the death of Bitcoin. But now, there is nothing interesting to it anymore.

[hatshepsut93]

Every time Bitcoin falls, fudsters, shills and nocoiners come to this forum and other platforms and start making long posts how this is the end for Bitcoin. They always post under new accounts, so it's clear that they are just sockpuppets and trolls, and people should just ignore these type of posts. This is especially true for newbies, who never experienced holding Bitcoin when it falls - reading some FUD will make them even more stressed, so it's important to learn to spot it and ignore it.

[bamboylee]

I'm afraid bitcoin dying is already a joke. NO one will take it seriously. Newbies will be afraid the first time they hear it but after a while, they don't mind it anymore.

[sunsilk]

According to https://99bitcoins.com/bitcoin-obituaries/ bitcoin died 40 times up to this date.

This became a meme now and we're no longer taking it seriously when there are 'analysts' who's describing bitcoin's move into death. We became immune and used to those bashers of bitcoin who never stops telling that. So, if there will be another 'analyst' that will say it again, it's not a big thing anymore and we're no longer affected.

[Eternad]

I'm afraid bitcoin dying is already a joke. NO one will take it seriously. Newbies will be afraid the first time they hear it but after a while, they don't mind it anymore.

It become a slogan that already associated with Bitcoin everytime dumping happens. More many times it became dead and amazes us everytime it pumps. Many became too impatient now that they always declaring btc dead with no valid reasons just because it decrease in price which is normal in a volatile market. I'm thinking for how many time I replied of topic about bitcoin is dead in these forum before.

[MURONDI]

the rise and fall of prices in trading is common for some people, but for those who are new to trading maybe it's something that is worrying, maybe early 2020 will be a revival of bitcoin towards 500k 

[AicecreaME]

Bitcoin is dying every day if you take the speculators word or those who are just panic at every dropping in price because they joined Bitcoin to get rich over night remember ? This kind if people are fuel Bitcoin price with their money as they only chase quick profits from nothing ...so they never learn they go public and shout Bitcoin is dead , they sell and when Bitcoin is rising they call it scam...I'm tired of this people.

Indeed. Their screams about the complains with the bear market are still echoing over the 2 years, I wonder what merit are they getting from it aside from being depress about the market. The only thing that they know is to create stories to make the public go wild about something that is not true, like creating false prediction that the market will dive deeper therefore they could make other people do stupid decisions as well.

I've been here in this forum since 2016 and I could say this kind of scenarios will never make me panic, in fact I am amazed that bitcoin reached $20,000 from nothing since 2009, and that is only what I see, positivity

[tsaroz]

This is a common strategy where emotions plays a big role in determining the price. We have seen such acts in stock markets. People and newspaper making absurd analysis to move the price in the direction they prefer. If anyone buys bitcoin, they know the price is going to moon but if they sells it, the bitcoin bubble is destined to burst.

[darkangel11]

I'm afraid bitcoin dying is already a joke. NO one will take it seriously. Newbies will be afraid the first time they hear it but after a while, they don't mind it anymore.

Newbies are taking it seriously. You can see it by the amount of BTC that was sold in the last week. It's already becoming a rule of this market that you have to survive a bear market to learn to not give a fuck and hold. I survived 2014/15 and 2018/19 and while the first one made me want to quit, the second one didn't come as a surprise.
When the third one comes I'll be sitting comfortably, sipping a drink while idiots are dumping and sweating, which is more or less what I'm doing now.

[Micerker]

you've been in at least 200 times until now, so there's anything you did not farmiliar with?

no pain no gain! I think it's not the problem that you hold on for how long, problem is how much money you made or lost. if lost too much, just leave, made money? so there's no reason to complain

[Ailmand]

Bitcoin dying has been like a chance to buy bitcoin cheap. For those who have been to crypto for a long time, this kind of event is not of a big deal, instead an opportunity to accumulate for the future. Bitcoin had come really far ever since it was created. Bitcoin market is a roller coaster ride, if you can't ride with it you will lose money or even an opportunity.