Bitcoin declared ‘dead’ 52% less in 2022 despite bear market vibes

[franch]

The cryptocurrency market has turned green once again after weeks of volatile price movement, with Bitcoin (BTC) leading the recovery effort by showing, for now, at least indications of stabilizing above the crucial $30,000 price barrier.
Interestingly amidst the current bearish market environment, the number of times Bitcoin has been declared ‘dead’ so far in the first half of 2022 stands at 12.
In point of fact, this represents a 52% reduction in the number of times the flagship digital currency was declared dead when compared with H1 2021, which totaled 25 times, according to data from 99Bitcoins, the cryptocurrency’s official obituary.
Despite the fact on May 17, the Crypto Fear & Greed Index, which serves as a cross-market sentiment gauge, hit a score of 8 out of 100, its lowest value since March 2020, during the period around the coronavirus pandemic inspired a market meltdown.


Source: https://finbold.com/bitcoin-declared-dead-52-less-in-2022-despite-bear-market-vibes/

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[NeuroticFish]

Interestingly amidst the current bearish market environment, the number of times Bitcoin has been declared ‘dead’ so far in the first half of 2022 stands at 12.

I'm not sure how accurate this can be, there are literally too many places/mediums people may express such opinions, however, I guess that on the average it can't be that far from the truth.
Even more, nowadays some started thinking whether Bitcoin is or isn't too big to fall.

Fun to think where we got to evolve, and rather quick actually...

[SFR10]

Interestingly amidst the current bearish market environment, the number of times Bitcoin has been declared ‘dead’ so far in the first half of 2022 stands at 12.
In point of fact, this represents a 52% reduction in the number of times the flagship digital currency was declared dead when compared with H1 2021, which totaled 25 times, according to data from 99Bitcoins, the cryptocurrency’s official obituary.

It's a bit weird seeing whoever is responsible for making that evaluation, couldn't wait 22 more days to have a bit more accurate stats for the first half of this year, but having said that, it seems that it only takes into account contents that are written in English ^{[in other words, we should take that "52% less" part with a grain of salt]}!

[Despairo]

Those journalists wrote their articles Bitcoin is dead is pretty similar when Bitcoin crash around 85% on 2018 from it's previous 2017 ATH, but Bitcoin isn't dead and it can steady recovered and keep making new ATH until it reach $69K at the highest milestones Bitcoin price. Now after Bitcoin drop 50% and few countries already accept Bitcoin as a legal tender, did anyone still think Bitcoin will become dead coin? If you said yes, then you'd better to start learn about Bitcoin.

[cr1776]

That may change after today.  They like to hype the negative.

[Kakmakr]

I think if we look at the current state of the financial markets of the world (in war time) ...then most markets are down. People are not investing their money into so-called "high risk" speculative assets, but rather pushing it into traditional safe havens. (Gold/Silver/Government Bonds)

To be fair.... nobody really expected Bitcoin to do very well under these circumstances, so let's lower our expectations and rather look at Bitcoin as a "Long-term" safe haven, with potential for huge profits when it recovers. 

[wagmi]

What happened recently, should not be overvalued because it hasn't done any changes to fundamentals of Bitcoin.

It was a crash, where Bitcoin wasn't responsible and a crash where Bitcoin wasn't responsible should be treated as such.

Bitcoin was still doing well until some weak but overvalued Shitcoins collapsed and people forget to do research about it.
HODL.

[Nrcewker]

Interestingly amidst the current bearish market environment, the number of times Bitcoin has been declared ‘dead’ so far in the first half of 2022 stands at 12.

I'm not sure how accurate this can be, there are literally too many places/mediums people may express such opinions, however, I guess that on the average it can't be that far from the truth.
Even more, nowadays some started thinking whether Bitcoin is or isn't too big to fall.

Fun to think where we got to evolve, and rather quick actually...

Yes I am too wondering, how did they exactly count it to be 12 .
There are many persons at many places and many instances saying many things.
But that doesn’t mean that all they are saying are true.
As a Bitcointalk holder if you have at first shown trust in the coin, then you must not fall back.
This bear market will end soon and again BTC will grow. This people will again change their declarations.

[Baofeng]

I think if we look at the current state of the financial markets of the world (in war time) ...then most markets are down. People are not investing their money into so-called "high risk" speculative assets, but rather pushing it into traditional safe havens. (Gold/Silver/Government Bonds)

To be fair.... nobody really expected Bitcoin to do very well under these circumstances, so let's lower our expectations and rather look at Bitcoin as a "Long-term" safe haven, with potential for huge profits when it recovers. 

I think you missed the point, it has been declared 52% less this bear market as compare to previous bear market. And it should be worst right? we have the war in the background and yet this numbers?

Of course bitcoin is good for long term investment no question about that. And 67% down from our last all time high? there is something against those perma bears or those haters of bitcoin in this bear market. Maybe the attacks is not there anymore and so we haven't heard more about the argument of bitcoin being dead many times in this bear market.

[LFC_Bitcoin]

It’s usually so called mainstream journalists who write those dumb headlines. Maybe after being proved wrong many times already, they realise that they’ve been made to look stupid in the past so are refraining from doing it again.

Bitcoin will not die, it’s too good an investment & there are too many of us willing to die on this hill. Things that scared people in the past don’t work any more. The community is too strong, HODLERS are too strong. Bitcoin gives people better gains than almost anything else.

[bestcoins1]

Bitcoin was still doing well until some weak but overvalued Shitcoins collapsed and people forget to do research about it.
HODL.

HODL is still a very good solution today as long as everyone has patience and believes that Bitcoin will continue to grow well in an in-demand market. Because the decline in the price of Bitcoin that has been happening all this time is something that has happened in the past for Bitcoin so it is still possible to keep believing in Bitcoin because after the decline, Bitcoin can still increase again which means HODL Bitcoin is still a good solution at this time

[Captain Corporate]

Basically people realized that bitcoin could go down time to time and its fine and nothing wrong with that. This is why I believe that we shouldn't be shocked to see people not really thinking its going to die. If you see something "dying" a million times and recovering a million times then its not going to be a weird thing. I know for a fact that crypto will not die, sure there would be "some" cryptos that dies, but the general idea, and bitcoin doesn't die neither. So we should just keep it going this way and ignore all those people who keep saying that it will die, seems to be wrong and we should realize that.

[buwaytress]

Not that it's a really meaningful indicator, but it does "support" my personal view that sentiment now still doesn't feel as bad as it did in 2018.

The macro appears to feel worse, and US fiat is enjoying an artificial long day in the sun, so the environment feels like it couldn't be grimmer for the economy in general. Bitcoin not excluded.

The fear though? Doesn't feel as pervasive. The optimism much clearer in this bear.

So either the market has not enough cause to truly capitulate, or has attained maturity.

Wish I could believe in the latter.

[Gozie51]

The dying moment of bitcoin is when it value will worth zero dollar but for now it is still worth a whopping amount of dollar for just one. Bitcoin selling at $22.720 now is not a joke that bitcoin is here with the world while musk dump is yet to show in the value. The fud will still be on but the investors won't be perturbed.

[OgNasty]

Not to discount the Bitcoin economy’s effect on the price movements over the 4 year cycle, but we do still seem to be following that pattern. It should be no surprise to anyone that we’re now seeing lows. If you were to go by the cycle, we should still be in for dragging the bottom another 3 months. With the mtgox distribution approaching, that seems to line up for another coincidence. Maybe an approved ETF will coincide with an increase following the next halving. Wouldn’t that be another coincidence?..

[n0ne]

This shows how people stay positive about the market. Another thing, the better learning about the bitcoin and the surrounding market. Earlier Whales used to make opportunity whenever there arises the bearish market. Now this have changed completely as people are good enough to learn and educate themselves about the market than just falling for the market manipulation from the whales.

Educate yourself and the market will be all yours, because users with the right knowledge have made good fortune unlike the bear and bullish trend. This can be through trading, staking or through other forms of earning.

[Fundamentals Of]

How could people, even those perma bears, really declare Bitcoin dead when the price remains to be above $20,000? They would only look ridiculous. When they look back, they would realize that all their declarations were a failure and those were made when the price was much lower. Although they still continue criticizing Bitcoin and spreading fear and doubts on it, there is no denial that despite all their efforts the market is growing big.

[_BlackStar]

Bitcoin declared dead? I don't think so, but on the contrary bitcoin has grown much stronger year after year regardless of its price in the market. The bears are showing no signs that bitcoin is going to die out, it's only natural when people want to take profits but maybe institutional investors are actually experiencing the downside effect.

I think micro investors are getting stronger, the community is getting wider, people are starting to think about staying in the long term, asset accumulation and that is the most basic support for the statement about bitcoin being declared dead time and time again. The market hasn't given up yet and we can see how it grows better after the bitcoin price fell for a while at post-ATH lows.

[Edwardard]

Bitcoin declared dead? I don't think so, but on the contrary bitcoin has grown much stronger year after year regardless of its price in the market. The bears are showing no signs that bitcoin is going to die out, it's only natural when people want to take profits but maybe institutional investors are actually experiencing the downside effect.

I think micro investors are getting stronger, the community is getting wider, people are starting to think about staying in the long term, asset accumulation and that is the most basic support for the statement about bitcoin being declared dead time and time again. The market hasn't given up yet and we can see how it grows better after the bitcoin price fell for a while at post-ATH lows.

Investors getting stronger? Bruh, 3AC just got bankrupt, luna dropped bombs on us, tesla sold 75% of its bitcoin holdings recently, what else? They are not getting stronger, they are getting greedy and paying for their greed.. We are now just a puppet of the US markets.

[Poker Player]

This, assuming it is accurate, as we have reason to doubt it as discussed, would be logical. As time goes on, as Bitcoin matures and becomes more widely adopted, it will be more difficult for people to think that it will disappear. More and more people have Bitcoin, and instead of being a rare thing, it has become part of everyday life, because in the news, especially financial news, there is already a part of the time dedicated to Bitcoin on a regular basis in the mainstream media.