Who Killed Bitcoin?? Greed? Government? Fraud? Idiocy?

[btc-room101]

Like V for Vendetta, if you must know the cause of the BITCOIN failure, you need only look into the mirror. So say 'V'

Greed - It goes without saying that the original satoshi-btc, was about privacy, anonymity, and being your own bank. Today BTC (core old farts) have sold us out, and bent over to every request by GOV to track bitcoin, and make it into a 'chain', be your own bank my ass. Why did they sell us out, because they got rich, they were promised riches BTC to the moon, if you cooperate with the FBI, CIA, IRS, FATCA, ...

Government- The USA gov is the mafia; They control the planet, and force it to accept their worthless toilet-paper, also known as saudi-petro-dollar; The original satoshi coin understood all this well, the entire premise of early adopters of BTC was to bypass the "EVIL FIAT SYSTEM"

Fraud- While once upon a time all of us early crypto people were indeed 'programmers', roll our own, rolled up the sleeves, we could all not only read C++, but we could write it too. Most programmers of the era, came out knowing well about crypto, in those times prior, even owning 'cryptography' software the GOV couldn't break, as on the books as same owning a 'bomb', you were a terrorist, if you even wrote crypto that the NSA couldn't break, if you exported that software, you could spend the rest of your life in a small box.

Then something magic happened post 2014, all the worlds criminal's, con-artists, and scammers, and just common-evil people learned about bitcoin, and how it could  make you rich. Now the fact that US-GOV is composed of the most evil people on earth, its not a jump to conclude that most of the greed on BITCOIN evolved from GOV operations to pump&dump, and bring it to the  outcome we see today, which is a loss of privacy, and that BITCOIN has just become another 'commodity-virtual' like GLD on the stock market, just another way to siphon wealth out of weak-hands.

The history of BTC of course goes back to 1997, when the BIS-IMF released the original white-paper 'how to make a digital bank', then in 2009 Satoshi released his white paper, which is 90% the same paper, but satoshi doesn't even cite this paper. Then Satoshi releases 'his' software, which uses SHA256, and SECP256k1, both NSA algo's, of which NSA holds the keys, as since 1950's, NSA has never made an algo public, where they didn't hold the back-door key. Fact.

Then the mythology continued, not surprisingly given that all this crap came from BIS, that it had to be sold as 'anti-bank' even though it was created by the bank of all banks, the BIS in Switzerland, a private group of people going back to the 1920's, same group that setup the FED-RES-BANK in the USA in first place in 1911. ( Bank of International Settlements )

So then you had the good years 2009-2012 where only geeks played BTC, then of course 2014 it went Fraud-SCAM, and then 2016 it went super-scam, robbing exchanges, ... 2017 parabolic & collapse, to today rinse & repeat, parabolic & collapse.

...

The good news is the BTC SW was open-source, and it got hacked, and out came ETH, and lots of privacy coins like Monero, and zSnark, so all it not lost

There is still time to have a real 'crypto' that say's F*CK You to the BIS/IMF, & NSA; There is still time to have a private crypto to say F*ck-You to the exchange gate-keepers that now control the on/off-ramps of crypto.

But BTC is dead, its just the King of All Shit-Coins, and its utility by the people who created it, no longer need it, now they're desperate to get the other 9,000 alt-cryptos under control. The early logical move was to get all the 'sheep' in one place say 'bitcoin' that has failed, while lots of people are dumb, lots of people made side bets on real alt-privacy coins.

In the recent years the alt-privacy coins have made much more ROI than BTC, but these are things that go unsaid in the world of BTC bullshit.

[tranthidung]

No one will kill Bitcoin!

Only bitcoiners kill themselves by their decisions. They can make suicides by themselves and believe me, before they self-experience something bad, they won't listen to opinion, advice of the others.

If all people are open-minded and readily to learn from the others, especially from senior and experienced people, the world does not have different classes, the rich and the poor.

Bitcoin and bitcoin market are mirrors of real life and they reflect how the Bitcoin ownerships are changed hands, switched from the poor to the rich. The rich get richer and love Bitcoin more. At the same time, the poor get poorer and might hate Bitcoin.

Back to the first sentence. It is because where is electricity, internet connection and rigs, anyone can set up rigs and mine Bitcoin. Mining is the core element for Bitcoin network operations. Is it a Proof-of-Work network, isn't it?

No one will put you into jail if you set up your rigs to mine Bitcoin.

[pooya87]

So far it is you killing the brain sells of whoever reads the nonsense you post everyday on this forum and unfortunately bitcointalk rules allow trolling since people like you aren't banned! lol

But BTC is dead, its just the King of All Shit-Coins,

Then what the eff are you doing on a bitcoin forum?

[so98nn]

That's really hurting post. Lolz. The end is very aggressive though, I hated when he mentioned "BTC is dead, its just the King of All Shit-Coins". I am pretty sure you have lost way more than you can afford in the current dip and now you are not able to tackle it. That's pretty sad man but you should not be getting angry about it. In fact you must re-consider your field of expertise and then based on it make your investments.

We have seen people breaking apart all the time due to lost mind and lost investments but does not means that you should go crazy about it like this.

Bitcoin is still very healthy. It's liquidity is stronger than Gold and other stocks! You can surely get more out of it if you keep patience, proper understanding about the bitcoin world / crypto world man.

[rdbase]

That's really hurting post. Lolz. The end is very aggressive though, I hated when he mentioned "BTC is dead, its just the King of All Shit-Coins". I am pretty sure you have lost way more than you can afford in the current dip and now you are not able to tackle it. That's pretty sad man but you should not be getting angry about it. In fact you must re-consider your field of expertise and then based on it make your investments.

We have seen people breaking apart all the time due to lost mind and lost investments but does not means that you should go crazy about it like this.

Bitcoin is still very healthy. It's liquidity is stronger than Gold and other stocks! You can surely get more out of it if you keep patience, proper understanding about the bitcoin world / crypto world man.

It has been said over 1001 times that bitcoin has died in the media but yet it still rises to live again for some strange reason.
I just can't put my finger on it yet.

Let's just face it: Crypto can never die as it is the future.
Only those who fear the future are saying it is dead time and time again so to brainwash others who not in the know.

[Pablo james]

Nobody killed Bitcoin, Government didn't kill Bitcoin, fraud tried to kill Bitcoin, but it didn't succeed, people are trying to accumulate as much Bitcoin they could accumulate and hold so they could get Rich.

[btc-room101]

It has been said over 1001 times that bitcoin has died in the media but yet it still rises to live again for some strange reason.
I just can't put my finger on it yet.

Let's just face it: Crypto can never die as it is the future.
Only those who fear the future are saying it is dead time and time again so to brainwash others who not in the know.

Well of course, BTC will be around in a 1,000 years, just like some old book, it will be a collector's item, not unlike an old dried tulip from that most famous mass-hysteria.

Note sure what the MSM 'media' (CIA controlled) can mean when they said 'btc is dead', I know what I mean. I'm not even sure they even said it was dead. What's been said is a lot 'chatter' to keep it in the news, to keep traction, as its in FED-BIS interest to keep excess US-dollars out of physical-gold and in FIAT-virtual-crypto aka BTC. The scam wouldn't be credible if there weren't team-HODL, and team-Hater.

BTC is dead because Satoshi's 2009 Mythology has evolved into a pack of lies, propagated by professsional liars, now the only outstanding justification for BTC is "Getting rich quick". and that was not even on the original list of goals, nobody early joined btc-mining to get rich, most really bought into the narrative of bypassing the Federal-Reserve System. Now today of course we find out that IRS controls all the BTC exchanges in the USA with KYC. Game-Over for BTC freedom, and if you don't think freedom is important then stay with BTC, but freedom/privacy loving people are moving to privacy-oriented alt-coins.

[acdc]

Nobody can afford to kill Bitcoin, even when governments oppose it, bitcoin thrives.
A few days ago Bitcoin made an all-time high when it reached a price of $ 60000.
So what makes you think that BTC is dead?

[avikz]

Lol! I have always seen kids get frustrated whenever bitcoin's price goes down and they come up with theories that either promotes confusion or some other altcoins where they have invested heavily. This is another prime example of such frustration and just another rant. No need to take these seriously! Because none of the factors mentioned here, can kill bitcoin! The foundation of bitcoin is far more stronger than this kids can think of. Yes, if someone is looking at bitcoin as a pure and simple investment, they will be frustrated when they don't get desired result. That happens every time we experience a bull run. A lot of people start complaining about bitcoin because they didn't get profit out of it.

No need to take this seriously! Bitcoin can't be killed that easily!

[Bitstar_coin]

I didn't realise btc is dead! When did that happen! must have miss the memo  
Lol, @op why so sentiment on this issue! Nobody kill btc only you fail to realise that a technology like this cannot be left alone to just be dormant, do you know why btc is this popular? It is because it has a fiat value, otherwise btc will still remain unknown to millions till date, why do you think institutional investors are suddenly interested in btc after a decade? You think it is because of technology! Lol,

If you think you are late to the party, don't fret, there are still many opportunities for you from all the many btc 'shitcoins' you mentioned  ,  
No need to analyse the issue here, if you think btc is dead and you are so concerned about your freedom,  you are free to leave. Plus I don't know what freedom you are aiming to get, freedom comes with a price, careful what you wish for.

[acener]

Bitcoin isn't dead,
We(Bitcoiner) are the one who is killing it (If you think that it is dying).
We are the one who is responsible for it's movement we shouldn't blame it on other we who hold Bitcoin contributes to every Bitcoin movement.
If it goes down it is because we or other holders sell their coin if it goes up it is because some bought it, It is as simple as it.
And AFAIK Bitcoin is pretty much strong and kicking how could you say that it is dead and king of shit-coin?

[btc-room101]

Nobody can afford to kill Bitcoin, even when governments oppose it, bitcoin thrives.
A few days ago Bitcoin made an all-time high when it reached a price of $ 60000.
So what makes you think that BTC is dead?

It reached $63k a few days ago, mostly because of the COVID plan-demic.  Easy money, cheap loans, stimmy-checks to all breathing. Many reasons why excess fiat capital flowed to btc, mostly because the financial media was calling btc the 'new cash', with banks paying 0.01% interest, post summer 2000, $1T (trillion USD) was moved to BTC, and sure it rose 600%, and now its down 25% a loss of $350B in a week.

Yes, I agree exactly. Nobody can afford to kill  BTC, now that $1T that came in was mostly loans ( think Musk ), or OPM, the recent loss of $350B will send shock-waves through the financial USA system, so the FED will have no choice but to 'bail out' BTC, because its now too big to fail.

The problem with this is then BTC becomes just branch of US-FIAT Murder, Inc., exactly what "Satoshi" was against  in the first place, so now BTC is an enabler of the Fiat-to-Infinity USA Ponzi that is robbing the world of tangibles, but only leaving toilet-paper as collateral.

This is the death of Bitcoin. The fact that BITCOIN will now be TBTF, and bailed out by FED, means that BIS-FED must take over complete control of BTC, 100% KYC.

Now you see this as a good thing, that so long as the price is stable, or up - you get richer, that's all the majority care about; Biden can & will send the majority of you off to a new war to kill for bitcoin. You will buy into the new paradigm, cuz it makes you rich.

The fact that BITCOIN is no longer enabling freedom, the fact BITCOIN is now just another Wall-Street Shell-Game is what I mean that Bitcoin is Dead, as we knew it.

Bitcoin isn't dead,
We(Bitcoiner) are the one who is killing it (If you think that it is dying).
We are the one who is responsible for it's movement we shouldn't blame it on other we who hold Bitcoin contributes to every Bitcoin movement.
If it goes down it is because we or other holders sell their coin if it goes up it is because some bought it, It is as simple as it.
And AFAIK Bitcoin is pretty much strong and kicking how could you say that it is dead and king of shit-coin?

The $1T that came into BITCOIN from Summer 2020 $10k to Spring 2021 $63k, that money didn't come from johhny-HODLR, and to suggest such is 100% bullshit.

The money came in from institutional investors, in search of a place to 'park' their cash, lieu of the bank or money-market. Given institutional investors could only get 0.01% for a bank deposit, and most conservative people were in 'cash' and out of the stock market, ton's of 'cash' got parked in BITCOIN

It was good while it lasted, now as of yesterday ASIAN time, the west has lost 25% of  their cash, that was invested in this ponzi. Head's will roll come monday at Wall-Street, people will suicide, the FED will step to and buy BTC-ETF's, anything that can get humpty-dumpty back up on the wall.

The important thing to realize is that if the FED doesn't step in and spend $500B to bring BTC back up to $65K and keep it there, then it will free-fall back to $10k and the US-Economy will be in a state of shock, as the losses will exceed the Bernie Madoff scandal, or LTCM


Talking of Johnny Hodl'er, he owns on average 0.05BTC, he's about as important to BTC as a flea on a beach.

[moderator's note: consecutive posts merged]

[Assface16678]

Bitcoin isn't dead,
We(Bitcoiner) are the one who is killing it (If you think that it is dying).
We are the one who is responsible for it's movement we shouldn't blame it on other we who hold Bitcoin contributes to every Bitcoin movement.
If it goes down it is because we or other holders sell their coin if it goes up it is because some bought it, It is as simple as it.
And AFAIK Bitcoin is pretty much strong and kicking how could you say that it is dead and king of shit-coin?

Exactly, we are the lifeblood that keeps the .arket alive and volatile. I think that bitcoin is functionally immortal as long as people are trading and hodling bitcoin and the only way to dispel that immortality is either we as a human race gets wiped out or there is a god snet alternative that is far better.

[acener]

Bitcoin isn't dead,
We(Bitcoiner) are the one who is killing it (If you think that it is dying).
We are the one who is responsible for it's movement we shouldn't blame it on other we who hold Bitcoin contributes to every Bitcoin movement.
If it goes down it is because we or other holders sell their coin if it goes up it is because some bought it, It is as simple as it.
And AFAIK Bitcoin is pretty much strong and kicking how could you say that it is dead and king of shit-coin?

The $1T that came into BITCOIN from Summer 2020 $10k to Spring 2021 $63k, that money didn't come from johhny-HODLR, and to suggest such is 100% bullshit.

The money came in from institutional investors, in search of a place to 'park' their cash, lieu of the bank or money-market. Given institutional investors could only get 0.01% for a bank deposit, and most conservative people were in 'cash' and out of the stock market, ton's of 'cash' got parked in BITCOIN

It was good while it lasted, now as of yesterday ASIAN time, the west has lost 25% of  their cash, that was invested in this ponzi. Head's will roll come monday at Wall-Street, people will suicide, the FED will step to and buy BTC-ETF's, anything that can get humpty-dumpty back up on the wall.

The important thing to realize is that if the FED doesn't step in and spend $500B to bring BTC back up to $65K and keep it there, then it will free-fall back to $10k and the US-Economy will be in a state of shock, as the losses will exceed the Bernie Madoff scandal, or LTCM


Talking of Johnny Hodl'er, he owns on average 0.05BTC, he's about as important to BTC as a flea on a beach.

Well that doesn't mean that Bitcoin is dead or King of shit does it?
Well yeah the institute invested,huge and well known companies invested on it but that doesn't mean that it's dead if they decided to pull out,
Right before they invested crypto has already been living more than a decade they just strengthen it but that doesn't mean without them it would die or would be dead.
It could drop down to where it was before they invested but I believe that it wouldn't end or kill Bitcoin.

[Anonylz]

Greed - It goes without saying that the original satoshi-btc, was about privacy, anonymity, and being your own bank. Today BTC (core old farts) have sold us out, and bent over to every request by GOV to track bitcoin, and make it into a 'chain', be your own bank my ass. Why did they sell us out, because they got rich, they were promised riches BTC to the moon...

To be honest I sincerely don't know what you are so pissd about! If btc is not anonymous enough for you anymore and you are afraid your privacy is at stake then look for alternative or better yet create your own anonymous coin to solve this problem for you ( that way you can be hidden from the rest of the world, be your own bank, your own island as well) am sure nobody will miss you  .

For as long as I have exited people have been leaving with their identity known, I can't seem to recognise anything bad happening to them, people have their identity all over the Internet, they are still breathing just fine, have not been taken to the darkest pit, lol,  I don't know why people crave for anonymous so badly when in reality nothing is anonymous, whenever you make use of any public services, you reveal your identity except you plan on staying away from all this services and leave in a cave somewhere in the deep forest, that way your anonymity will be ensured, dude, go clear your head.

[NASdaq]

Why you decided that someone killed btc? The king is still here, just another correction. Even not the first in this year

[Pmalek]

Why is it that every time the charts are in red, someone comes along claiming the bubble is finally bursting because of [insert reasons]? When the price is rising, it's all good, but when it's going down we are all going to die.

Many factors have contributed to the recent decline in BTCs value:

• The flooding in China that put some miners out of power and unable to mine.
• The money laundering investigation announced by the US government.
• Biden's plan to increase taxes on those earning over $1 Million/year.
• Just a normal correction following months of positive price movements.

All this will pass and be forgotten, and so will the stories of bitcoin being dead.

[virtualdn]

Your post is non-sense. What does BTC have in common with the shitcoins when all shitcoins are just BTC copycats? Stop spreading FUD, BTC is very valuable and its price is awesome. HODL!

[CryptocurencyKing]

Quite an informative posts that makes an interesting read @OP. In as much as, I don't accept most of the supposed stated facts, I like the way you pointed them out and related it to actual scenarios and with dates. It would have been more appreciated should you have put links to your research source because, I doubt you got all thses informations from your memory only.

Well, no one is killing bitcoin and bitcoin still rains supreme amongst other coins because, it’s actually what paves the way for other coins to make the charts and some interesting numbers. Bitcoin going bloody means almost 90% of altcoins going bloody as well. This is not statistically proven but from personal observation of the moves in the coins on coinmarketcap.com.

Its normal in times like this to get some insight as to why bitcoin and other coins are on the down side and most times, the analysis becomes wrong. Sadly when bitcoin finally booms again, the same analysts won't be so kind to come and withdraw or give us a detailed reason as to why!

There is always going to be a cry chicken when the clouds go dark and should you choose to sell, it could be at the receiving end and the promoted phobia continues. Only bitcoiners or crypto enthusiasts can stop bitcoin, its a very difficult or impossible task for this to happen so, let's keep faith.

[UKprod]

Bitcoin is not dead yet. However, a decentralized currency will always be viewed as a threat by all governments who are not able to control it. Given, that few countries are in the process of issuing a centralized cryptocurrency of the state, such as China with the Digital Yuan, it is likely that Bitcoin will be outlawed by the governments (in a phased manner with window for conversion).

Further, Bitcoin doesn't have an identity apart from being a currency whereas cryptocurrencies like Ethereum also work as a coin of a blockchain to create something on the blockchain.

I believe that the aforementioned reasons would be primary reasons for the demise of Bitcoin.