BTC is Going to "DEAD....!" Need Discussion.....

[DarkDays]

I agree - quick sell all your coins now while the price is low. If you ask me nicely, I might even buy them from you to help you out.

That's the spirit of an optimistic person! But honestly though the fact that BTC is undergoing another drop (which always remember could be much worse) is not a real reason to panic. This has happened so many times before and the frightened investors sold out quick only to realise that have they waited a little longer they would have been in a better position.

But who am I to talk right? The best we can do is keep our cool and take advantage of the dip - create a new opportunity from every other event. That's how you can keep holding it together after seeing this cycle repeat itself several times already.

[1714759475]

1714759475

[Gozie51]

I agree - quick sell all your coins now while the price is low. If you ask me nicely, I might even buy them from you to help you out.

Yeah... investing in cryptocurrency or bitcoin is not for feeble mind or impatient people.

I think people are expecting a rapid increase like it happened in 2017. We need to be a little patient for a major bullish trend.

[hatshepsut93]

Every time Bitcoin crashes a little bit, newbies think it's the end of the world, Bitcoin is doomed and it's time to dump. Then you all will be very sorry when Bitcoin reaches new heights or just returns to previous levels and a bit higher. Us veteran hodlers have seen 50% crashes and 80% many times, so what happening right now is nothing. You either learn to stay calm on this market or you leave and never return.

[BADecker]

If we embrace 5G and 6G, there is a chance for Bitcoin. But it will take an extreme amount of Hard Drive memory if Bitcoin really goes worldwide. The blockchain is tremendously large right now. If Bitcoin were traded anything like the Forex ($5 trillion per day), can you imagine how large the blockchain would be? Anybody who wanted to run a full node would have to have more than hundreds of Terabytes of space. The Internet couldn't handle the congestion without 5G, and later, 6G.

Many people suggest that 5G is dangerous to our health. And 6G would probably be lots more dangerous. Probably Bitcoin will see a short heyday of power in the near future, but it will die for lack of people as they die from the radiation of 5G and 6G. For those who are ready for this short heyday, Bitcoin just might produce wealth beyond their dreams... for a short while.

Here might be the reason for Bitcoin strength in the near future, even though BTC will probably die later. Go to the site and see the real workings going on in China.


China To "Gradually" Sell 20% Of Its US Treasury Holdings, May Dump It All

Ever since the early stages of the US-China trade/tech/virus/cold war four years ago, there were frequent rumors - which eventually gave way to increasingly legitimate chatter - that China was looking to go full "nuclear option" by selling some or all of its $1+ trillion of US Treasury securities, which incidentally has not been too far off the mark: as the chart below shows, after peaking in 2013, Chinese holdings of US debt have been steadily declining (and not so steadily in the aftermath of the Chinese devaluation), and are currently near the lowest level in 8 years.

[Renampun]

going to DEAD ?? WOW...
as long as there are still those who buy and sell Bitcoin, Bitcoin will never die. If you really believe that Bitcoin is going to die then you should just sell yours to me for 50% less than the market price.

[Oasisman]

Every time Bitcoin crashes a little bit, newbies think it's the end of the world, Bitcoin is doomed and it's time to dump.

True story lol.
My eyes would always hurt when I see thread titles like this everytime Btc is having a dip or a correction. These are the same as the weak hands who easily give up their invested Btc once they feel like it's going down in it's worse position.
@OP, this isn't the 2017 where people were so hyped with how Btc is rising rapidly together with the rise of the ICO's and that makes the crypto market boom in a span of just months.
You're a former senior member in this community, you should've known Btc is such a very volatile asset.

[Nellayar]

If you were here already during the 2018 crash, I believe that you are not anymore worrying at this moment. The market has no single line, every ups has its down. This is the problem to the newbies because they only want pump but they don`t accept the dumps. If BTC is going to be dead in this year, I think you are wrong with that because adoption is only starting. Cryptocurrency will become more popular in the future and bitcoin will become the main currency soon. Therefore, prices are only the equivalent value of bitcoin but the usage itself will be used by the people.

[Cryptoreflector_666]

If you were here already during the 2018 crash, I believe that you are not anymore worrying at this moment. The market has no single line, every ups has its down. This is the problem to the newbies because they only want pump but they don`t accept the dumps. If BTC is going to be dead in this year, I think you are wrong with that because adoption is only starting. Cryptocurrency will become more popular in the future and bitcoin will become the main currency soon. Therefore, prices are only the equivalent value of bitcoin but the usage itself will be used by the people.

If you think that bitcoin is a pump that works only in one direction, you will quickly become zero. I just want to say that even when bitcoin keeps a negative path (often of a protracted nature), for professionals, this is the time when you can earn money. You need to understand how the market works and control your actions.

[Kemarit]

Every time Bitcoin crashes a little bit, newbies think it's the end of the world, Bitcoin is doomed and it's time to dump. Then you all will be very sorry when Bitcoin reaches new heights or just returns to previous levels and a bit higher. Us veteran hodlers have seen 50% crashes and 80% many times, so what happening right now is nothing. You either learn to stay calm on this market or you leave and never return.

Right, this is the trend here in this community, and the thing is, they are all saying that they are a holder, but when the price crashes, they bitch around and complain and ask what's the reason behind the decline.

I guess, this will continue in the next couple of days, and let them panic though, and sell, so that they will learn their lessons the next time bitcoin crashes 50%. Expensive lessons to learn, but it is what it is.

[carlisle1]

Regards
Matrix.Max
(Formally know as Dvyanc)
Sr. Member of Bitcoin Community.

Yeah a Senior Member of the Community but still asking question that Newbie always ask.Good to Know you "Mr.Senior Member" .

The first Post already enough to answer your question,Because it is over hyped and really revolutionized for a short time.
Until those others that has no knowledge becomes Victim and trapped so they had full out investment and some never try to re invest.
These days we have a healthy and Real market and this is what we need to wait when to Boom again and make way up.

[meanwords]

You know what's a more healthier discussion? Is about the development of Bitcoin that would help it's user and future users. Stop comparing and discussing the price of Bitcoin in 2017 and the current price since 2017 was the year where Bitcoin was overhyped as an investment by a scammer and the year of airdrops and ICO where it's still a thing full of innovation and not scammers.

[Zemomtum]

If it is that easy for BTC to die, the government at all levels could have embraced such method to stop its existence. We are here for the freedom the blockchain revolution brought and trade on the go for those who have the desire for patience.

[piebeyb]

I'm going to teach you a little, when you go up a high mountain, will you reach the peak overnight without a break, so that's how the bitcoin market is, it's currently resting, so just wait for when it will explode, if you compare this 2020 with 2017 is very wrong, take a look at the correct historical order in my thread here https://bitcointalk.org/index.php?topic=5043315

[pakhitheboss]

Bitcoin will be dead if you are a Bitcoin hater it is already dead for you. I guess you might have invested in Bitcoin at the time when it reached its ATH in 2017 or early 2018 and from that date till now you might be holding your coins for it to again reach the same price point.

Venting out your frustration will not make your money come back. Hodling patiently and believing in the project will help you.

[EdenHazard]

Sounds like desperate guy who want an instant money quadrupled from $1,000 to $4,000 overnight.
I understand your frustration but you have to be a little more patient abd I'm sure it'll paid off later , remember the last time bitcoin halving what's happened? Yeah it's not instant impact but a couple years later something crazy happened as you said the bitcoin price surge from just $2,800 to $19,000 within 4 months.

That similar event could still coming in the next few years or i'd say within 1 year? A lot of miners are holding in their bitcoin as selling them right now is a loss , so that's it.

[kotajikikox]

You know what's a more healthier discussion? Is about the development of Bitcoin that would help it's user and future users. Stop comparing and discussing the price of Bitcoin in 2017 and the current price since 2017 was the year where Bitcoin was overhyped as an investment by a scammer and the year of airdrops and ICO where it's still a thing full of innovation and not scammers.

People Like OP is nothing but a Bounty Hunter in which looking for a Bullrun hoping that His shitcoins onhold will have value and might Bring Him becoming rich instantly.

Why not Move on from 2017?why it seems that the market needs to claim the 20k price of Bitcoin or even higher?

do we forget what is Bitcoin?this is currency and not an asset,this is why we are not adopted worldwide until now because of these stupid kind of conversation that continuously blinding people around here.

[Lucius]

If we embrace 5G and 6G, there is a chance for Bitcoin. But it will take an extreme amount of Hard Drive memory if Bitcoin really goes worldwide. The blockchain is tremendously large right now. If Bitcoin were traded anything like the Forex ($5 trillion per day), can you imagine how large the blockchain would be? Anybody who wanted to run a full node would have to have more than hundreds of Terabytes of space. The Internet couldn't handle the congestion without 5G, and later, 6G.

There is no question at all that 5G will be something that will become quite common in the coming years - if you want to be competitive in the market you have no choice but to accept new technologies, regardless of their possible harmfulness. What is perhaps even more problematic with the 5G network is the significantly higher consumption of electricity - so we already have cases where in China 5G transmitters are turned off in a certain period of time in order to save energy.

While carriers spend around 5% to 6% of their operating expenses on energy costs, according to MTN Consulting, 5G base station consumes up to twice or more the power of a 4G base station due to the need for more antennas. Moreover, the fifth generation stations use up to three-and-a-half times more energy than 4G infrastructure.
China Unicom announced it would put base stations to sleep between 9pm and 9am to reduce electricity costs in the city of Luoyang.
Some cities are adopting this method to save energy because there aren’t enough users yet, China has been rapidly rolling out new 5G base stations, reaching 410,000 nationwide in June.

Here might be the reason for Bitcoin strength in the near future, even though BTC will probably die later. Go to the site and see the real workings going on in China.

I think you are too pessimistic, Bitcoin will always adapt to new conditions and advances in technology and take advantage of it. China may have too much influence on mining at the moment, but that is slowly changing and I believe that changes for the better will take place in that sector as well. The next 10 years could be crucial for positioning Bitcoin in the global market, and if we look at how much progress has been made in the first 10 years of existence, I have no doubt that Bitcoin will exist as long as the Internet exists.

[carriebee]

Bitcoin will be dead if you are a Bitcoin hater it is already dead for you. I guess you might have invested in Bitcoin at the time when it reached its ATH in 2017 or early 2018 and from that date till now you might be holding your coins for it to again reach the same price point.

Venting out your frustration will not make your money come back. Hodling patiently and believing in the project will help you.

People always comparing the bitcoin price reached before and up to the present.  Indeed this Op might bought the price of btc when it reaches at peak, and it's not going to be dead if the current price take long to have the all time high. For those who believes in Bitcoin will just stay and will patiently hold. That's the mindset for those people who didn't believe in bitcoin assume to be dead and don't have value.

[Reid]

It's still a healthy movement.
I think you are expecting too much which is a problem. You should stop that.
Rush profits will just end up into something worse. This is not HYIP. This is bitcoin we are talking about.

But no worries, I have been on that position before until I learn more in this forum.
If you are a former Senior Member here then I bet you also did.
Anyway, this might not be a bitcoin discussion so it must be moved.

[Gotumoot]

Whats there to discuss?
All you ever search about was the good year of the Bitcoin you need to move on bro yeah Bitcoin had a huge hype back in 2017 but it wasn't really a good growth you could see that it went down drastically because people didn't really have a proper knowledge about what they are investing in.
Back then people are just riding the hype doesn't really know what it is exactly and that is the reason why we had so many people crying about crypto being scam later on.
You also forgot to mention that it took 7 years before it hit $20K and expecting it to go up there again after it had a huge fall?
I think you are one of the weak hands who always have a negative thoughts about Bitcoin on it would only turn into worthless crypto or so on.