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Author Topic: If bitcoin will die then crypto market will die confirm!  (Read 268 times)
Jocuserious (OP)
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November 11, 2020, 07:11:44 AM
 #1

I believe bitcoin will never die.
I believe that bitcoin is considered as a force in the crypto market so the crypto market cannot survive without bitcoin. Bitcoin can be presented as the king of the crypto market. Bitcoin acceptance is growing exponentially and Bitcoin has gained legally acceptance in many countries where they are using bitcoin in various fields of business.
This is my heart thinking and i believe it. 
drlukacs
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November 11, 2020, 07:22:59 AM
 #2

I believe bitcoin will never die.
I believe that bitcoin is considered as a force in the crypto market so the crypto market cannot survive without bitcoin. Bitcoin can be presented as the king of the crypto market. Bitcoin acceptance is growing exponentially and Bitcoin has gained legally acceptance in many countries where they are using bitcoin in various fields of business.
This is my heart thinking and i believe it. 
It is true that bitcoin is based on whales, and they are planning a market full of this manipulation. an manipulative market will never die because there are no laws there.
Besides, Bitcoin is now part of the world since major US investment funds took hold of Bitcoin. that shows they have recognized Bitcoin and it is time to pour money into the Cryptocurrency market. Trust me, 10 years from now, the whole world will have to accept bitcoin and blockchain technology will be widely used soon. Wink

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November 11, 2020, 07:51:27 AM
 #3

IMHO
Bitcoin = cryptocurrency market

Bitcoin and altcoins = cryptocurrency market

Altcoins = cannot stand alone as cryptocurrency market

The comprehension about bitcoin's death is still unknown. As long as it's standing and living, it's not going to die. It's just getting started and usage of it is expanding and the adoption is increasing. It's hard to consider this time that it will be dead soon.

If there are still people telling that, they don't own it.

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November 11, 2020, 07:54:45 AM
 #4

Not a chance!

Your scenario is like saying "if the US Dollar dies, does all currency die?" No. It won't. Bitcoin is one currency among 100s. In fact if something where to happen to Bitcoin it would probably open space for another currency to come in fill the void.

Altcoins = cannot stand alone as cryptocurrency market

I don't agree with this at all! The altcoin market, i.e., every currency that isn't bitcoin, is significant and strong and able to stand on its own. This statement may have been true 6+ years ago, but not today.
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November 11, 2020, 07:59:07 AM
 #5

At the start only a few people support the use and the possible investment with the bitcoin right now we still continue supporting the bitcoin for over 10+ years the bitcoin still conquering the market for sure several next years I/we are still using this coin to make transaction are making an investment we are heading towards the future and the adaptation of the digital currency are widely spreading. Yes, the bitcoin will never die if still, this coin is supporting by many people.



If the market of the bitcoin falls down does the other currency false down too? I think no because they are not dependent on the bitcoin especially the fiat currency.

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November 11, 2020, 08:03:29 AM
 #6

Even if btc dies what about blockchain will it die too! most projects are pegged not only in btc but in stable coin as well like usdt, if for any reason btc happens to stop existing i don't think it will be the end of all crypto, as long as blockchain exist i think other crypto will exit regardless if btc is available or not.

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November 11, 2020, 08:04:49 AM
 #7

Bitcoin Obituaries. Less and less people accused bitcoin will die. 4 in this year but how the Bitcoin Obituaries count it is unknown.

2020 (4)
2019 (41)
2018 (93)
2017 (124)
2016 (28)
2015 (39)
2014 (29)
2013 (17)
2012 (1)
2011 (6)
2010 (1)
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November 11, 2020, 08:06:57 AM
 #8

Really depends on what you mean by "survive". If Bitcoin all of a sudden dies for whatever bizarre reason, altcoins will still be up and running because they're on a different blockchain. If you mean "survive" market-wise, then one thing's for damn sure is that altcoin prices are going to fully collapse to single digits and potentially decimals.

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November 11, 2020, 08:13:13 AM
 #9

If Bitcoin all of a sudden dies for whatever bizarre reason, altcoins will still be up and running because they're on a different blockchain.
it really depends on "why" of it. bitcoin is not a person to have a car accident and suddenly die Wink
considering the fact that altcoins are copies of bitcoin in one way or another, 98% of them die right away because whatever thing that can cause bitcoin's death will be affecting them too. that 2% are the rare and mostly unpopular projects that are completely different from bitcoin otherwise shitcoins like BCH, XRP, ETH, USDT, BNB, LTC, ... are copies of bitcoin technology so it doesn't matter if their blockchain is different.

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November 11, 2020, 08:31:47 AM
 #10

I think the very foundation of the entire crypto universe is Bitcoin. The moment it crashes down for any reason and dies, the entire crypto universe will certainly crumble down with it. If that reason has successfully killed Bitcoin, there is no reason to believe why it would fail in altcoins.

If Bitcoin's death is due to people losing trust and interest in it, the same effect to altcoins is most probably true. While a lot of altcoins have a huge following, I think they are not at all completely independent from trusting Bitcoin, so I seriously doubt they would continue to thrive when the first and main cryptocurrency has already vanished.

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November 11, 2020, 08:52:24 AM
 #11

I believe bitcoin will never die.
I believe that bitcoin is considered as a force in the crypto market so the crypto market cannot survive without bitcoin. Bitcoin can be presented as the king of the crypto market. Bitcoin acceptance is growing exponentially and Bitcoin has gained legally acceptance in many countries where they are using bitcoin in various fields of business.
This is my heart thinking and i believe it. 

Then how will bitcoin die if the acceptance of bitcoin is keep on growing and it has gained legally acceptance in many country? Bitcoin will not die as long as the demand is still alive and the government has no control over it unless government will declare it as illegal and they will will catch everyone if will use bitcoin, maybe people will avoid using it because of fear but so far bitcoin is the best digital currency in crypto space.

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November 11, 2020, 08:57:36 AM
 #12

I think the very foundation of the entire crypto universe is Bitcoin. The moment it crashes down for any reason and dies, the entire crypto universe will certainly crumble down with it. If that reason has successfully killed Bitcoin, there is no reason to believe why it would fail in altcoins.

If Bitcoin's death is due to people losing trust and interest in it, the same effect to altcoins is most probably true. While a lot of altcoins have a huge following, I think they are not at all completely independent from trusting Bitcoin, so I seriously doubt they would continue to thrive when the first and main cryptocurrency has already vanished.
It will be far from happening, it has been a decade since the inception of bitcoin. In my opinion, if there ever comes a phenomenon that the bitcoin will lose its value alone I think the market will still be functioning. By the time that happens, a new cryptocurrency will rule the apex and hopefully it will not make any difference. Most crypto has already been established in the market so that will make another assurance that the market as a whole will not collapse, unless everyone leaves then that will be the time when the market will totally collapse.

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November 11, 2020, 09:05:25 AM
 #13

Altcoins = cannot stand alone as cryptocurrency market

I don't agree with this at all! The altcoin market, i.e., every currency that isn't bitcoin, is significant and strong and able to stand on its own. This statement may have been true 6+ years ago, but not today.
The combination of all altcoins and its market cap is huge. But taking into example that bitcoin's gone and all of them have remained as the market.

There will be a division for most investors and market cap for each of those altcoins will be going out. We will never know what's going to be seen for the next years. Too much of altcoins we have and investors are becoming good as they invest and might choose the best of them all including bitcoin and the few good altcoins.

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November 11, 2020, 09:06:13 AM
 #14

I don't expect to see bitcoin will die soon or longer because I am sure that many people are already getting the benefits from bitcoin. Although bitcoin now can not yet be used as the payment system in real life, we can use it to make money in many ways, and we can also use bitcoin as a new type of investment. But I guess that many people out there not like the presence of bitcoin, so they say that bitcoin will die soon, save your money before it's too late to do. I suggest you not panic to read or hear that news because as long as that is not happening yet, you can use bitcoin to make money, as much money as you can.

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November 11, 2020, 09:13:33 AM
 #15

Bitcoin Obituaries. Less and less people accused bitcoin will die. 4 in this year but how the Bitcoin Obituaries count it is unknown.


Point is, every time someone announces the death of Bitcoin, buy some more! LOL


source: https://www.blockchaincenter.net/bitcoin-is-dead/


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November 11, 2020, 09:52:46 AM
 #16

I believe bitcoin will never die.
I believe that bitcoin is considered as a force in the crypto market so the crypto market cannot survive without bitcoin. Bitcoin can be presented as the king of the crypto market. Bitcoin acceptance is growing exponentially and Bitcoin has gained legally acceptance in many countries where they are using bitcoin in various fields of business.
This is my heart thinking and i believe it.  

The longer Bitcoin exists, the less likely it is to die.

I am very pleased that in 2020 the price of bitcoins will be $ 15,000, not $ 10,000.  This is a very important psychological moment.  Bitcoin price could also rise in 2021-2030.  I expect the price to be no less than $ 30,000.

People understand that Bitcoin is part of our civilization (like the Internet). Even the best alternative cryptocurrencies (Ethereum, Monero, Litecoin) are very far behind the first cryptocurrency.

Yes, Altcoins cannot survive without Bitcoin.

 
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November 11, 2020, 10:06:58 AM
 #17

OP itself skeptical about the death of bitcoin. If you take a survey, you'll get the right answer with majority of the people mentioning bitcoin won't die. The development is made in such a way that it should continue its usage forever. People won't get into any sort of business if it gets pulled from usage once specific limit is reached. So, no need of a controversy about the death of bitcoin leading to the end of cryptomarket.

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November 11, 2020, 10:10:54 AM
 #18

There is some sense in what he is saying, if we consider how big the market cap of Bitcoin is which is around 286 Billion $ it considerably dwarfs the second largest market cap which is Ethereum that is only around 52 billion $. That kind of market cap suddenly dying will affect the whole market inevitably as not only it will generate fear but will also make influence to do a sell out in the market. We all know that Bitcoin being the biggest crypto creates influence in market movement so in this scenario I don't think there is any exceptions.
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November 11, 2020, 11:44:55 AM
 #19

I believe bitcoin will never die.
I believe that bitcoin is considered as a force in the crypto market so the crypto market cannot survive without bitcoin. Bitcoin can be presented as the king of the crypto market. Bitcoin acceptance is growing exponentially and Bitcoin has gained legally acceptance in many countries where they are using bitcoin in various fields of business.
This is my heart thinking and i believe it. 
Bitcoin is dominant now and I don't think this is going to change in the near future. However, something might happen to it. For instance, because of quantum computing Bitcoin can stop being secure, but I think that quantum-resistant cryptos might get popular in that case. Or we can imagine is as a thought experiment where for some reason Bitcoin disappears from existence, while other cryptos stay and there is some sort of reassurance that nothing like this will happen to other cryptos. In that case, I think that cryptos will face a major crisis, and the prices will drop like never before. However, I believe that after some months the top cryptos will start recovering and Ethereum might dominate the market.

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November 11, 2020, 11:50:14 AM
 #20

Bitcoin will die when people started to hate it. But as we can see, it is really far and people are just getting started from what bitcoin truly is. If it die because of uncertainty and doubt, market will fall as well. Altcoins are dependent to what bitcoin price is. Imagine if it almost a worthless coin, then a chaos will happen in market. But it does not happen because there are many holders of btc who are trusted that bitcoin will rise up when time comes.

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