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

[Lucius]

I suggest that the OP add its contribution to the "Bitcoin is dead" agenda, and to try to educate himself in some serious places than those he visits regularly. Some people sometimes promote conspiracy theories, others obviously live in them constantly.

Source

[JohnBitCo]

Your post is very informative and most useful for the present time.  Every issue you mention is enough to stifle Bitcoin.  If the government of a country wants, it can destroy Bitcoin.  Greed is enough to destroy bitcoin.  As evidence, the collapse of the Bitcoin market over the past two days is largely due to the impact of Joe Biden's proposed bitcoin tax.

All of these things are not able to destroy the bitcoins. News like bitcoin ban in certain countries or tax being imposed on bitcoin may have a temporary negative impact but in the long run no one can stop the growth of bitcoin. I prefer to listen to good news about bitcoin adoption and ignore all the negativity which is being spread about bitcoin.

[jesselui]

Fear of not being able to control money in governments hurt bitcoin. But they too will now admit that bitcoin is a reality. They have to. At first, the US government will accept this.

[I_am_the_Cosmos]

Market may move up or down based on trading volumes and other factors.

[NelfiNovita]

bitcoin is not dead, at this point there is a lot of bad news that can destroy the popularity of bitcoin so that the price goes down. investors greatly influence the price of bitcoin in the crypto market, I think all of these problems start with investors who want to buy bitcoin at a lower price. at this time we are just being patient and waiting for the price of bitcoin to rise instead of selling it at a cheap price and we will regret it at a later date.

[btc-room101]

I think the killer of ether and bitcoin is doge coin  Although it's no joke, the bnb coin and their blockchain perform well on the market! So soon, bnb may be the new bitcoin.

Historically to 2009 BTC was a nerd coin, then post 2014 became a scam-coin, then post 2020 became a mainstream 'Goldman Sacks' shit-coin

It's no joke that the robin-hood traders think that BTC is orchestrated, & pumped by old farts. Boring, and when things get boring, expect for a new kid on the block to rule the roost.

Given that the geriatrics controlling bitcon.org have slept with the IRS, FBI, and NSA; Given that post-millenials don't trust post COVID, they know that the agenda is euthanasia, I think that the smarter survivors will adopt a coin for long-term survival.

The old farts running BTC think that they're going to live forever on the blood of children, think MUSK&Thiel, google "parabiosis" don't have to make this stuff up, modern vampires.

Remember, the reason Thiel(palantir-cia) and Musk Paypal, are the leaders of BITCOIN in public is they're the poster boys for the new normal. Think "Matrix"

Your post is very informative and most useful for the present time.  Every issue you mention is enough to stifle Bitcoin.  If the government of a country wants, it can destroy Bitcoin.  Greed is enough to destroy bitcoin.  As evidence, the collapse of the Bitcoin market over the past two days is largely due to the impact of Joe Biden's proposed bitcoin tax.

All of these things are not able to destroy the bitcoins. News like bitcoin ban in certain countries or tax being imposed on bitcoin may have a temporary negative impact but in the long run no one can stop the growth of bitcoin. I prefer to listen to good news about bitcoin adoption and ignore all the negativity which is being spread about bitcoin.

Satoshi(NSA) specially chose weak parameters for Bitcoin, both SHA256&Secp256K1, have limited lifetimes before they can be broken by the general public, then BTC goes to zero.

The CHINESE cbdc will have explicit expiration dates, BTC its sort of hidden, even the NSA didn't know for sure when SHA256 & SECp25K1 would be broken by public.

BITCOIN allowed the GOV ( BIS-NSA-IMF) to normalize crypto-currency, now that its an accepted thing, GOV all over the world will release their own crypto's into the wild. Not unlike today where all gov's unleash their own FIAT to infinity.

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.

Well its back up to $52k, so somebody is buying.

Does anybody think the FED will bail out BTC? Now given that so many institutions are using BTC as 'cash savings account', and the past weeks loss of -25%, and now -20% at $52k

The pain is going to be felt Monday AM in NYC. Right now, its denial 'HOPE' that BTC goes back up, before the 'investors' are told of their losses, for right now, nobody knows really which large institutions are setting on the losses.

This  post isn't even about BTC price, its about why the BTC-ORG chose to get in bed with the US-GOV? Defying the very reason for BTC being born in the first place.

[moderator's note: consecutive posts merged]

[Leviathan.007]

What do you mean by killing bitcoin? none killed bitcoin and I sure none can do such thing at lest since this time I'm writing this post due to several reasons you can't kill/shut down it and no matter how strong you are. By killing bitcoin if you mean the recent price correction, I should say that's really normal because after each bullish price movement the market the price need to do a correction according to the market situation to save some more potential and reach higher levels. In other words, you can't expect the price to always rise and reach a new ATH. sometimes it need a correction and it's totally normal, none killed anything.

[suryogandul]

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.

sometimes there are many people saying a statement as if someone is trying to kill bitcoin or the like, basically bitcoin character is strong in the crypto market. It's not easy for bitcoins to be killed or destroyed. the most appropriate is that someone was killed because of bitcoin, usually because of the loss factor against bitcoin.

[Kakmakr]

There are several flaws in your post.. OP.

The developers of Bitcoin (BTC) never gave up ANY of the core principles of Satoshi Nakamoto. When you use it without third party services, those principles are still in tact. Yes, some developers like Gavin and Mike tried to sabotage it, but they failed.

Governments have always had the upper hand, because they make the laws, but people still have power. (Use your vote and creativity to get around some of the restrictions)

You know the saying... "Shit draws flies" ..... well "currency" has value and it will attract the attention of criminals. (Nothing with value has escaped that)

Lastly, you talk about other Alt coins giving a higher Return on investment than Bitcoin.... well that would be right, if you are focused on profits and not using this technology as a currency. (None of these shitcoins has the network of services that accepts it as a payment option, so BTC care less about being the top PROFIT maker, but rather being the most widely used coin) 

[yazher]

Your post is very informative and most useful for the present time.  Every issue you mention is enough to stifle Bitcoin.  If the government of a country wants, it can destroy Bitcoin.  Greed is enough to destroy bitcoin.  As evidence, the collapse of the Bitcoin market over the past two days is largely due to the impact of Joe Biden's proposed bitcoin tax.

They rush to proposed to get tax on it which likely the result of panic selling these last few days. now no one knows when will the price of bitcoins in the market stop dropping. This time it's all the big whales shot. if one of them will sell, the price will more likely go back to under $20,000 again or worse. we should know that before we reached this high we had lots of tragedy and disappointment, it's so sad that the price is dropping again in uncertainty.

[matchi2011]

bitcoin is not dead, at this point there is a lot of bad news that can destroy the popularity of bitcoin so that the price goes down. investors greatly influence the price of bitcoin in the crypto market, I think all of these problems start with investors who want to buy bitcoin at a lower price. at this time we are just being patient and waiting for the price of bitcoin to rise instead of selling it at a cheap price and we will regret it at a later date.

Indeed. Best to keep your asset and let this downtrend to pass after while those bad news will changed to a better
one and it will bring the hype back.

A lots of people lose their money by following fuds and regret when the bull pump bounce back and make another
huge run inside the market.

[btc-room101]

I suggest that the OP add its contribution to the "Bitcoin is dead" agenda, and to try to educate himself in some serious places than those he visits regularly. Some people sometimes promote conspiracy theories, others obviously live in them constantly.

Source

I suggest that you not respond like a bot with non-contextual generality, I suggest you respond to the premise; That weak minded men running btc-core, have sold out to the ptb to get rick quick.

I didn't say "Bitcoin Dead" I said the bitcoin team Evangelism/Marketing sold us out to IRS, FBI, IMF, in exchange for some USD fiat, something that they claimed in 2009 to hate.

They killed Bitcoin, by making it into just another virtual-gimmick found on the stock-market like "GLD" that doesn't even represent real gold, as they trade 100X their holdings.

Now BTC is represented by futures, and ETF's so it to will have its price-discovery made by Wall-Street, but you will all agree this is a good thing, cuz it makes you all rich.

I'm just saying this "Sell Out" is the death of the BITCOIN Satoshi Mythology. Compeche?

[Lucius]

I'm just saying this "Sell Out" is the death of the BITCOIN Satoshi Mythology. Compeche?

Of course I understand what your agenda is on this forum, the same one that people like Roger Ver or Faketoshi (CW) have been trying to implement for years - Bitcoin is no longer what Satoshi imagined, let's make our own Bitcoin. Experts like you have been attacking Bitcoin since day one and have achieved nothing, you are just one in a series of trolls whose opinion can only be appreciated by those who have no idea about anything.

[mbe48]

Are you new to trading?
Are you panicking? If you panic, sell immediately then don't have to follow suit. Bitcoin is only for people who are interested in buying it.
Don't assume that Bitcoin is regulated by someone. Don't create information that makes people panic, causing prices to drop further. But I think the information you provide is interesting too hmmm

[hector3115]

Bitcoin is not dead. Don't think like that. The price drop occurs periodically. Look at the graphs.

[Palllke]

I think only transaction price can kill bitcoin. I know there are many ways to make transactions. But one day it will cost a lot and it will not have any sense make bitcoin payment.

[DarkDays]

As evidence, the collapse of the Bitcoin market over the past two days is largely due to the impact of Joe Biden's proposed bitcoin tax.

I wouldn't yet term BTC's market volatility a collapse. Yeah, you could say that the MIGHT increase in capital gain tax proposed by Biden has had some contribution to the market spiralling but let's not forget that with BTC ~50K we can't really say its collapsing...

[Biscutard]

OP is in trouble for sure because how the way he almost curse bitcoin to the point that it would crash instantly.
You shouldn't be here in the first place if you think bitcoin is for something like that and go invest to whatever shit coin you think you could invest. Whatever fud or hate you make bitcoin will still be the same and the price will continue to grow in the coming years.

[capokmerah]

Bitcoin is not dead, never! how long have you known bitcoin ?? look what happened to him? Governments and certain groups that are trying to attack their bitcoin development are swallowing their own saliva. The pros and cons are always there will never end, but the strength is in the hands of each of us and that is what keeps bitcoin alive today.

[iamsange]

I just afraid about Government, i think if they want they can shutdown bitcoin anytime with ban it in all countries and people only can use it by P2P and no more exchanges that can be opened because no permission from Government. Although people still can use it and can use it P2P but it will really affect on bitcoin community itself.