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

[BlackFor3st]

Hype are always there as it is part of how the crypto market works and with regards to your subject that btc is going to dead, I am not so sure whether it will eventually to happen because as of this moment there is a very small chance that it will happen.

The demand of bitcoin is there and it's dominance is still sitting at 50% so it is very opposite to what is your subject all about. Every efforts will not be wasted even if it doesn't
work as of this moment but it will eventually work in the following months or years as I am pretty sure that what happen last 2017 will likely to happen again. That is how the market works and this will continue as long as the investors,traders,holders and etc. will continue to earn a profit.

[blckhawk]

I don't see any reason why we should compare what happened in the past to the current situation we have now. Bitcoin was too overhype way back then perhaps because a lot of people invest in it as the news explode regards with Bitcoin. Bitcoin was still unpredictable, no one really knows what might exactly happen, yeah we can speculate or make our own analysis but this only has a low chance to happen. Moreover, I have my opinion that we're just only the beginning, Bitcoin may surge soon so try to be more patient.

[Janation]

I miss these kinds of posts guys!

As far as I know, the first thread I read about this is a member with a name with Quack on it, I kind of forget it. So, everyone has their opinion with these changes, with these sudden drops all I know is that it will keep on pushing forward and it will push harder in the incoming months as this is the best time for us to reinvest.

[Killrbit]

Hi BTC Community Friends


Since last two yrs from today's date ie 04-09-2020
why BTC is Hanged up between $6000 to #12000

While From 01-08-2017 to 31-12-2017
BTC Shoot up from $2857 to $19495
it is just 4 months Duration.......

while from last two yrs whole community is trying/hoping
that
BTC will reach again more than at its actual level ie 20K...
whole community together is trying to boost BTC......
but every efforts of whole community doesn't work.

Why....

it is not boost up again.......

if we will not analysis this situation
then it might be possible that in near future
we have to spent more BTC to buy only "Single PIZZA"

Need Healthy Discussion......

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

You need to stop placing so high an emphasis on price. As with all markets/stock/commodities and so on prices move upwards and downwards based on supply and demand and market conditions, just because something drops in value doesn't mean it is going to die. The only way BTC or anything else for that matter could die is if people no longer feel it is of use to them or provides no more value to them, all this is irrelevant of the price of the product itself.

Based on what you have written it seems that you don't really understand the concept of Bitcoin and have most likely purchased more than you are comfortable with and at a higher price then it is at today and you are now simply panicking.

This is unfortunately true for many people on here who buy into bitcoin something based on the encouragement of friends/colleagues or after having read some foolish news article.
Case in point (https://www.nytimes.com/2018/01/13/style/bitcoin-millionaires.html)

[mindrust]

it still works equally as well if the price is $0.01 USD or $100,000.00 USD.

People ain't interested in if it works or not or its tech.

People interested in bitcoin's price.

If you told people that rice prices will always go up in the next 10 years, people would store rice in every hole they could.

And if btc was $0.01, nobody would give a damn about it anymore. Only the junkies maybe. Back to the original state of crypto

[thesmallgod]

2017 is the year a lot of people started venturing into investing in bitcoin and it is very overhyped especially altcoin. People bring a lot of money into crypto which makes the price keep rising. During this period bitcoin and altcoin created a lot of media attention which bring more people into investing in the coin. Today, crypto has gone up and down and there has never been any overhyping that surpassed the previous year

[Latviand]

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.

For me, I'll prefer to hold than to sell it in that price.

I believe that bitcoin's price will increase again and it will reach another ATH again maybe next year.

I'd rather hold it than to sell it because this is the only asset that I prioritize. I also hold altcoins but I must say that BTC is not dead because it reached $12k last month which is a good sign that bitcoin is really moving. The only question is that, until when we will hold it? Predictions are hard to rely on but the important thing is to hold your btc as long as you can.

[jerrison]

It is a little bit more clear to me on the technical analysis than it is on the fundamental. Although, I can not state the exact reasons why it got to the all time high of $19800 in 2017 but i believe the prices were running way higher than expectation as people were yet to get to the reality of the existence of bitcoin. Looking at the technical analysis, there exists a resistance somewhere arouund the $12000+ region and this is the second time it is retesting that region, I am strongly belieivng that the next retest will breakout or take a full nose dive.

[elisabetheva]

It is a little bit more clear to me on the technical analysis than it is on the fundamental. Although, I can not state the exact reasons why it got to the all time high of $19800 in 2017 but i believe the prices were running way higher than expectation as people were yet to get to the reality of the existence of bitcoin. Looking at the technical analysis, there exists a resistance somewhere arouund the $12000+ region and this is the second time it is retesting that region, I am strongly belieivng that the next retest will breakout or take a full nose dive.

agree with your opinion, it took bitcoin several times to break through $ 12K to stay there for a long time so it is certain that the journey to increase is imminent.
although there is still a long time to go until the end of the year and it is possible for bitcoin to fall back down.

but after that bitcoin momentum will run quickly to continue up to $ 15K at the end of the year and not stop there bitcoin will move better until next year. and we'll see to it that 2017 will repeat itself and maybe over 2017.

[aryadiningrat123]

Good question. we all have to understand about bitcoin because bitcoin is a virtual currency and digital asset so we can't all be sure when bitcoin will fluctuate like all other cryptocurrencies because no one can control the stock market, so I don't think bitcoin will die.

[coolcoinz]

The OP claims to be this member -> https://bitcointalk.org/index.php?action=profile;u=352185

Lost his password?
Judging by the post history a signature spammer...

You're too fast to pull the trigger, looking at his post history he seldom joins sig camp but social media campaign.

I see posts like

What is the best coin?

What do you think best coin is

from a person wearing a signature and I pull the trigger. Maybe too fast maybe not...

[crzy]

Good question. we all have to understand about bitcoin because bitcoin is a virtual currency and digital asset so we can't all be sure when bitcoin will fluctuate like all other cryptocurrencies because no one can control the stock market, so I don't think bitcoin will die.

Having the right knowledge can make money for you despite of the trend in the market, those who bought because of the hype will not last in the market because they know nothing and depends only to the signal, but those who know bitcoin can literally say that this market will not die in the next decade despite of uncertainties, we know the market will always go up and down, we have to ride that trend.

[Rengga Jati]

It is so funny when thinking about the death of BTC because it doesn't boost up again like it was in 2017. Let's laugh together for this joke.
Well, mate, whoever you are, a senior member of the Bitcoin community or whoever you are, why should you become just that kind of panic? Are you really panic or you can want to make people panic? And, you wish people will sell their BTC soon?
Nowadays, many people have been smarter and more careful in facing the hype and also FOMO or even FUD.
As we know, BTC is now something common, many people have already known about this crypto, and not that kind of hype as in 2017. Additionally, the BTC price probably doesn't increase so significantly. But, we can see the progress of the BTC price, so smooth.
So, why should be considered dead because of that matter? Nonsense.

[jademaxsuy]

BTC shot up so high so fast in 2017 because it was overly hyped that even people who don't know a single thing about it just registered a Coinbase account and did a buy order.

Whales that time had made it hype with their capacity to invest more bitcoin. After they see the hype they invested more bitcoin and wait for the target to sell. Not only the whales but also to the bitcoin community who had still extra financial who made to buy more because of the hype. If we will going to compute how the community added the hype or increase during the 2017 if there are 5 million bitcoin users around the world and then hold 1 btc or let us say they had invested 1k$ of bitcoin then multiply the number of users which is 5M the result would be that huge enough to move bitcoin to even up to 30k$. The quantity or number of users and the investing capacity cause the hype.

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

Nice to meet this guy! I may not know him but I guess he says already who he is a Sr.Member of Bitcoin Community and has a newbie account in bitcointalk forum.

[imstillthebest]

Good question. we all have to understand about bitcoin because bitcoin is a virtual currency and digital asset so we can't all be sure when bitcoin will fluctuate like all other cryptocurrencies because no one can control the stock market, so I don't think bitcoin will die.

it is a a digital currency but it's different from the other virtual currency because most of them are plain predictable but btc isnt so you need to specify btc properly the next time you write .

Also not all crypto currency are same as btc because others are stable and partially stable which is also easily predictable . Laslty stock market has no connection on the life span of btc   .

[Yamifoud]

I respect the opinion that OP has, the same thing I respect others.

I definitely not to argue with him coz in the first place I know already that Bitcoin is not going be dead but instead of seeing it places a vital role in the community. OP just missed the thing about Bitcoin, he only focuses on the price but not the way it serves to be of its purpose, the reason for its creation. If he probably welcoming crypto, he'll never say like that.

I need to push him to trust Bitcoin, he's one of those people who've been looking Bitcoin as a scam thing, unrealistic, and just a fool. We are all not like him that is why Bitcoin pertains to survival against the negative because a lot of people sees already the benefits from it.

[RapTarX]

If you are regular in crypto market, I guess you wouldn't say such words. The criteria you used to predict this has nothing to do IMO. Nevertheless, BTC seems to have a good support on $10000 and if it is, we may see another bullish season soon.

[Anna138]

I respect the opinion that OP has, the same thing I respect others.

I definitely not to argue with him coz in the first place I know already that Bitcoin is not going be dead but instead of seeing it places a vital role in the community. OP just missed the thing about Bitcoin, he only focuses on the price but not the way it serves to be of its purpose, the reason for its creation. If he probably welcoming crypto, he'll never say like that.

I need to push him to trust Bitcoin, he's one of those people who've been looking Bitcoin as a scam thing, unrealistic, and just a fool. We are all not like him that is why Bitcoin pertains to survival against the negative because a lot of people sees already the benefits from it.

People who see bitcoin as a fraudulent scheme simply do not understand what they are talking about. Aren't there fewer scammers in Fiat? Aren't there fewer fraudulent credit card transactions? Scammers are everywhere and defining bitcoin as a fraud tool is just as stupid as saying that only people can swim, and everyone else is alive and going to the bottom.

[lionheart78]

it still works equally as well if the price is $0.01 USD or $100,000.00 USD.

People ain't interested in if it works or not or its tech.

People interested in bitcoin's price.

If you told people that rice prices will always go up in the next 10 years, people would store rice in every hole they could.

And if btc was $0.01, nobody would give a damn about it anymore. Only the junkies maybe. Back to the original state of crypto

In short, people are more interested in gain than any other aspect at all.  If a person knows that he will take a profit, he will gladly jump in it without understanding anything.  Profit/Gain is alwasy been the driving factor of investors. 


This is the reason why Bitcoin is labeled as a high-risk investment by other finance advisors.  You can buy it high today and later, the price will crash or you sell it at low today and tomorrow's price skyrocketed.  High volatility has always been the trademark of Bitcoin.  And there are lots of threads and topics about the "Death" of Bitcoin  but none had happened so far.

[grabpopcorn536]

Good question. we all have to understand about bitcoin because bitcoin is a virtual currency and digital asset so we can't all be sure when bitcoin will fluctuate like all other cryptocurrencies because no one can control the stock market, so I don't think bitcoin will die.

Bitcoin will not die because it is on the CME market but so it will fluctuate within a price limit. Bitcoin's transaction volume is currently very large, with a seller, someone will buy them. Bitcoins are in a downtrend right now and they're just getting started. Where the market will go down will surely no one know and we have to wait.