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Author Topic: Bitcoin Died 45 Times in 2021!  (Read 164 times)
pushups44 (OP)
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December 31, 2021, 10:24:25 AM
Merited by _Miracle (1)
 #1

According to a Cointelegraph article, Bitcoin has been declared dead 45 times in 2021.

The article states:

Incepted in 2010, 99Bitcoins’ Bitcoin Obituaries list has English-language statements, including content about the fact that Bitcoin “is or will be worthless.” To qualify an obituary, the content should be produced by a person with a “notable following or a site with substantial traffic.”

The number of bitcoin obituaries is significantly less than in 2017, according to the article, when there were 124. While the number has fallen, influential people and publications continue to make these predictions.
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December 31, 2021, 11:03:02 AM
 #2

It's interesting that there's a metric for this, and that the number is lower than in 2017. That being said, I found the chart of declarations because I wanted to see how it all went in the previous years.
The chart itself isn't very helpful in terms of numbers of deaths, but there's a list below it that shows numbers of deaths every year since 2010. It's not surprising that there weren't many of deaths prior to 2017 because way fewer people were aware of and concerned with Bitcoin in general. But it's worth mentioning that the number of deaths in 2021 is also 3 times as high as in 2020, and 10% higher than in 2019.

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December 31, 2021, 12:17:02 PM
 #3

It is death call from community, social media and mostly from Bitcoin haters.

438 times were called as dead according to 99bitcoins.com. Fortunately, Bitcoin is not a weak asset to die because of death calls. It is a volatile asset but not a weak one. History proves its survival and in the article The bullish case for Bitcoin by Vijay, you see Lindy effect was mentioned. It is naturally and organically increasing support for Bitcoin. After 11 years, we have a strong Bitcoin; next 10 years, we will have much stronger Bitcoin; next 20 years, slap yourself if anyone call Bitcoin might be dead.

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December 31, 2021, 02:19:52 PM
 #4

You can’t kill what won’t stay down Wink
Too many uninformed people have too much to say about bitcoin. Most of the time it is boomers, people in high power in government office or legacy financial positions. They are proved wrong time & time again. Bitcoin is going nowhere.

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December 31, 2021, 03:18:28 PM
Merited by Welsh (2)
 #5

 
This is one of my favorite "CryptoArt" pieces. 

I can't tell you how many times I've read/heard/been told that bitcoin was either dying or dead.  Over and over there are people out there who keep making these ridiculous claims and guess what, bitcoin is as strong as ever.  I will never understand why people like to make these claims when in fact a bitcoin death has never even come close to coming to fruition.  Long live bitcoin!

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December 31, 2021, 03:22:48 PM
Merited by aysg76 (1)
 #6

..and that's just the tip of the iceberg. If we'd count the tremendous number of times ignorant people on social media called Bitcoin "dead" after having downward volatility of like 15-20% or more, we'd easily be in the 5-6 digit thousands.

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December 31, 2021, 03:40:13 PM
 #7

One common thing I have seen among the people who thinks bitcoin has died. Most of them are a no coiner. They don't have bitcoin, they somehow missed the train and now out of there disappointment, they think it's died. I don’t mind though, they will eventually die but not bitcoin.

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December 31, 2021, 06:05:49 PM
 #8

<snip>
While, majority of people who make such claims are no coiners, I have noticed some who hold or have held bitcoin in the past, and what they all share in common is ignorance, the ignorance of what bitcoin actually is and how it works. For one, there is nothing like missing the train as bitcoin has underlying features which are always valuable, and on the topic of the price, bitcoin has a lot of potential to always grow in valuable.
Ignorant people scream it is dead,
Informed people are still buying more or just buying for the first time.

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December 31, 2021, 06:12:57 PM
 #9

Apparently, btc has more than 9 lives, never have I seen anything that has been pronounced dead more than btc, only 2021 alone btc has been pronounced dead over 45 times, this must be the highest so far, and surprisingly btc always come back alive with full speed,  if after hearing this some people still have doubt about btc surviving long term, then nothing anyone can say more.
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December 31, 2021, 06:40:08 PM
 #10

<snip>
While, majority of people who make such claims are no coiners, I have noticed some who hold or have held bitcoin in the past, and what they all share in common is ignorance, the ignorance of what bitcoin actually is and how it works. For one, there is nothing like missing the train as bitcoin has underlying features which are always valuable, and on the topic of the price, bitcoin has a lot of potential to always grow in valuable.
Ignorant people scream it is dead,
Informed people are still buying more or just buying for the first time.

Yes, this is the reality, every opportunist is following the same rules.

 When Bitcoin start rising- they are laughing & spreading fud
 When Bitcoin is nearly to make new ATH- they start buying
 When Bitcoin make ATH- they sold
 When Bitcoin Bull is activated and surpassed the ATH- they start crying, screaming, and fudding like a mad

@Upgrade00, you are right, Informed people are still buying, recently I've seen Michael Saylor's post "MicroStrategy" has bought an additional 1914 Bitcoin at the end of December.
They know the potentiality of Bitcoin, they know the bearish situation is no matter it will surely grow in the future. Only no-coiners can think and spread that Bitcoin is dead cause they are missed the bull run.



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December 31, 2021, 06:44:31 PM
 #11

If we count the number from the day of its existence, now the death number of Bitcoin could cross the ATH value of bitcoin. This is common with bitcoin, and people who know about the market move along with it. People who are new to the market just term it as dead whenever there is decline in the market price. They doesn't know the reality, that every market undergoes correction and if a market is bullish all the time then it isn't real.

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December 31, 2021, 06:52:48 PM
 #12

I can't tell you how many times I've read/heard/been told that bitcoin was either dying or dead.  Over and over there are people out there who keep making these ridiculous claims and guess what, bitcoin is as strong as ever.  I will never understand why people like to make these claims when in fact a bitcoin death has never even come close to coming to fruition.  Long live bitcoin!

I like that art piece, wouldn't mind a copy of that to hang. I get to hear about how cryptocurrency, and Bitcoin especially is dead every time there's a family gathering. I don't talk much about Bitcoin these days, in fact the reason I had a break from the forum, and Bitcoin a while back was related to then negativity of everyone around it. So, I took a break. To this day they still talk about it being a bubble, but its been several years since they first started claiming that. If they had invested a small amount when they first claimed it to be a bubble, and kept it until now, they'd be considerably better off.
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December 31, 2021, 08:39:48 PM
 #13

There's still a lot of people expecting that bitcoin history will repeat  every year reason they're now always saying it's dead even though its very clear that bitcoin is getting matured. And indeed very expensive than before way back 2017. well its up to us which part what will gonna believe. But for me in my personal opinion i do believe that bitcoin will last long no matter what happen period.
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December 31, 2021, 09:18:03 PM
 #14

That's lesser than the past years I guess. Let's see how many times they're going to kill bitcoin with their words and put the word 'dead' and publish it in the media again.

If 2022 becomes bearish, then we're going to expect that a lot of them are going to say again that it's for sure dead. Well, it will send people to panic and eventually into selling at loss. That's also the cycle from these influential people when they think they're good enough to be listened by people with their words about bitcoin.



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December 31, 2021, 09:38:19 PM
 #15

That's lesser than the past years I guess. Let's see how many times they're going to kill bitcoin with their words and put the word 'dead' and publish it in the media again.

If 2022 becomes bearish, then we're going to expect that a lot of them are going to say again that it's for sure dead. Well, it will send people to panic and eventually into selling at loss. That's also the cycle from these influential people when they think they're good enough to be listened by people with their words about bitcoin.

It is nothing new, every time when the new year started uncertainty will appear all over the crypto market. Every time I sold my coins due to high fud reasons, I failed to buy again at my sold price. every time I have to buy at a higher price from my previous sold price. So now you can sell, but keep in mind you can't able to buy at this chip price again in the future.

this is a mental game, only those who can hold on during bearish conditions they can survive but weak-hearted people fall out from this strategy.

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December 31, 2021, 11:28:44 PM
 #16

And it will keep on dying for all the naysayers. This isn't a new thing. We have been hearing that bitcoin died more than thousand times throughout the whole decade, yet bitcoin still survives. Most of them say this to cause people to panic. To spread FUDs around. Other say this because they hate bitcoin. They hate it because they don't understand how it works. They hate it because they probably read somewhere that bitcoin is used by the criminals. Others hate it because they are mad they didn't invest when they could. All we can do is just ignore them, keep investing and holding.

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January 01, 2022, 02:31:20 AM
 #17

if someone says bitcoin dies 45 times in 2021, don't ignore it, I really believe people who say things like that are people who can't control bitcoin, indeed bitcoin often experiences bulliss but I'm sure bitcoin is not easy to die, because bitcoin is not an asset weak, it is evident that even though many people and very influential government parties dropped bitcoin and said negative things about bitcoin, bitcoin still survives today, and is still very popular in all circles.

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January 01, 2022, 02:32:42 AM
 #18

And I surmise that if something is declared dead 10, 20, 50, 100, 150, 200, 400 times and remains alive, it must live forever. Cool

If I were one of those haters and critics who declared Bitcoin dead numerous times, I would now be thinking twice if Bitcoin is really going die or not. Perhaps after the 100th death declaration of Bitcoin and it still looks very much alive, I'd rather take my chance and "get some in case it catches on," as Satoshi puts it. You know, if you can't beat them, join them.

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January 01, 2022, 03:10:42 AM
 #19



And this can continue am sure in 2022. We now have to accept that there are really people popular or not so popular that think Bitcoin will soon be going to zero and they can never appreciate the many things this cryptocurrency is contributing to the open marketplace. Some people are concerned with the supposed environmental destruction that can be coming from the enormous amount of power that BTC mining is requiring so they can be wishing that Bitcoin should be dead soon. Yet, the more there are predictions of Bitcoin's demise, the more the coin is surviving and flourishing. On the other side of the debate, there are also those people who are so positive with Bitcoin that they are predicting of a time it can reached $1 million in price. Which side will be taking the trophy that is something we can find out maybe 10 years from now!

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January 01, 2022, 03:26:26 AM
 #20

This is one of my favourite websites to keep up with these things:

https://www.bitcoinisdead.org

It's really interesting to read the points of view from many different people across different companies and experiences. They all seem to have been wrong.

The more I read them, the more convinced I am that Bitcoin will continue strong into the future.

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