Are we gradually approaching towards the end of Bitcoin?

[GreatArkansas]

Let me introduce another variable. Maybe it's a gradual end of BTC, but in a way that something else takes it place. Like it happened with social media (and is happening still). BTC might not go away completly, and still stay as a store of value, but something else takes the top spot.

However this might happen in future but currently this seems not to be the case. Bitcoin is most decentralized across all the digital currencies and it will remain to the king of cryptocurrencies.

It is already proven by the time. Since Bitcoin is created, no other cryptocurrency has been able to surpass Bitcoin.
Just think of a lot of companies that are already into Bitcoin, individuals and companies who got billions of their funds into Bitcoin and I don't think something else will take the top spot. Bitcoin is perfect for the top spot.

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[Nrcewker]

This types of posts are only seen when people lose hope and faith on Bitcoins.
I mean it’s just a bear market, and people are thinking of end for Bitcoins.
This isn’t first time that Bitcoins have crashed a lot.
Back at 2018 Bitcoins suddenly fell to 3000$ from 20,000$ all of a sudden, and soon after few weeks it crossed it’s all time high.
So this time it’s also the same thing happening. All you need to do is just wait and show some patience.
If possible at this cheap price buy as much bitcoins as you can, and I am 100% sure that after few weeks, you will be overloaded with tons of profits.

[worle1bm]

Another one of the same threads claiming the end of bitcoin seeing these dips and do you believe btc can't withstand it once more? We have also seen the similar situation back in 2017 in ICO period when it busted and there was downfall of around 70-80% but still the growth continues and the same will happen now also.So all these LUNA and other going down will affect btc in short run but will grow overtime if you have the patience to see it.

[2stout]

IMHO, absolutely and unequivocally not.  Overall, Bitcoin has even come close to hitting its peak yet.  The best is yet to come and its true peak is probably at least 10 or so years from now.

[kamvreto]

If it is said that this will be near the end of bitcoin, then how in the past when bitcoin crashed worse than today. right now BTC is still in the $20k price area and this is still very high. The decline will definitely occur, after that the bull market will come back, we just need to be patient and prepare cold money to buy bitcoin and some supporting altcoins.

[sbrys]

You are in fact right theoretically

Bitcoin and the rest of this world is slowly approaching the end. The sun will burn them all in 1.5 billion years !

[Finestream]

The precarious cryptocurrency market has been made worse by cryptocurrency lender Celsius' June declaration that it is banning withdrawals owing to "extreme market conditions." Following the market meltdown, crypto hedge fund Three Arrows Capital might possibly be insolvent. Three Arrows Capital has entered liquidation, worsening the crisis gripping the whole world's market for digital assets. Three Arrows was is also considering alternatives including the sale of assets or a firm's rescue.
https://news.sky.com/story/crypto-hedge-fund-three-arrows-capital-plunges-into-liquidation-12642402

With the continuous downslide of the Bitcoin and the crypto market at large, is it too soon to say that we might likely be witnessing the end of it all?

The decision of Celcius does not justify the market downtrend of the crypto market, particularly with bitcoin. Bitcoin drops its price because we are currently facing a bear market, and that goes too with all altcoins. Celcius is nothing compared to the strong foundation of bitcoin, Celcius may end his career in crypto but bitcoin will not. So don't be affected with this fake news, as they are just one of those FUDs that should never be heard.

[Easteregg69]

I take it to 1.1k with rich dad.

I don't like the scene.

[Viscore]

The precarious cryptocurrency market has been made worse by cryptocurrency lender Celsius' June declaration that it is banning withdrawals owing to "extreme market conditions." Following the market meltdown, crypto hedge fund Three Arrows Capital might possibly be insolvent. Three Arrows Capital has entered liquidation, worsening the crisis gripping the whole world's market for digital assets. Three Arrows was is also considering alternatives including the sale of assets or a firm's rescue.
https://news.sky.com/story/crypto-hedge-fund-three-arrows-capital-plunges-into-liquidation-12642402

With the continuous downslide of the Bitcoin and the crypto market at large, is it too soon to say that we might likely be witnessing the end of it all?

It's very unlikely that bitcoin will end just because of Celcius. He is just one of those million crypto lenders so his banning of withdrawals will not bring huge effect to bitcoin. However, if the demand of people from bitcoin stops, maybe that would be the reason for bitcoin to collapse, and not just because of a sole crypto lender. And besides, what do we expect when the market is bearish? Bitcoin will certainly received a lot of negative attacks, something that is not new to all of us.

[romero121]

Too early to make a decision that the market have come to an end. In the beginning days Bitcoin experienced similar conditions of reaching down to the bottom. Now the market is mature and the adoption level is at its high, so we can't think of bitcoin to be on its end days. Following the market of bitcoin is the rest of the altcoins. This time the altcoins hadn't bleed as the bitcoin. For now it is time to make use of the opportunity than just making speculations that drive the price downwards.

[dataispower]

Bitcoin has a very bright future because many high-profile investors have invested in it; it is pointless to predict that Bitcoin will die or end soon. This crypto market situation is only a matter of time, and I believe it will end soon.

people is misquoting the adoption of cryptocurrency and the validity of cryptocurrency Bitcoin is a currency that no one knows the bottom and their values so therefore those who is predicting that cryptocurrency is on the death ground is those that don't know the basic things buy cryptocurrency work with because since the originality of cryptocurrency it is has been falling and rising and when it falls many people who we thought that it will not stand again so that is a shallow and tality of people who don't know very well of cryptocurrency so I believe that that is the rotation and the market of cryptocurrency so Bitcoin is not dead and I cannot concur to that that bitcoin can be eliminated totally

[Agbe]

Let me introduce another variable. Maybe it's a gradual end of BTC, but in a way that something else takes it place. Like it happened with social media (and is happening still). BTC might not go away completly, and still stay as a store of value, but something else takes the top spot.

The Bible actually said it. Oh ye men of little faith. You have no faith on bitcoin that is why you sound as if bitcoin will end like other Ponzi schemes on social media. Do you really understand what is bitcoin? Let me give you a clue on it. Bitcoin is a decentralized digital currency which means nobody or central authority controls the asset. There is no database in it. Everyone control their money in their wallet by themselves, there is no retrieval of password if you lost or miss placed your seed phrase. And if you miss placed or lost your seed phrase, you have lost all the money in your account and nobody can retrieve it for you. So for the OP and you saying, bitcoin is coming to an end, I see it as an irony. Bitcoin has come to stay and as a coin or currency in the exchange market, it must fruster ( coming down and up). I hope all currencies are like that. Bitcoin will definitely go up.

[dataispower]

Bitcoin will not end so easily. Bitcoin has started to gain a lot of popularity all over the world Many countries are legalizing Bitcoin.And there are many more countries that are on the verge of being officially legalized.If you want to destroy Bitcoin, you have to destroy everything in that country.Bitcoin will become more popular in the future and Bitcoin will be the number one position among all.

i laugh because i feel like laughing. Yes I will ko know that his government is against cryptocurrency and Bitcoin in that matter SodaStream bitcoin is not something a government can do and it will come  for them easily, because Bitcoin the documentation of it is not in the custody of anybody and bitcoin is something that not everyone news about it needs more advertisement for people to it more, because if you check of the Nations you will notice that not all the country that' adopt cryptocurrency as legal tender, from what I'm seeing it will take Bitcoin more years be known and also accepted generally

[ninis45]

Despite the issues or negative reality that is developing at this time, bitcoin continues to run and move forward for the future, this is proven by many countries starting to accept bitcoin and crypto as well as increasing bitcoin holders from year to year, when a bear market like today is not a thing that happened once for bitcoin in a very deep price fall and this is not what causes bitcoin to end and die because I think when the price falls there are some people who think this is the end when it is the beginning for bitcoin to fly higher

[Hamphser]

Despite the issues or negative reality that is developing at this time, bitcoin continues to run and move forward for the future, this is proven by many countries starting to accept bitcoin and crypto as well as increasing bitcoin holders from year to year, when a bear market like today is not a thing that happened once for bitcoin in a very deep price fall and this is not what causes bitcoin to end and die because I think when the price falls there are some people who think this is the end when it is the beginning for bitcoin to fly higher

We've seen its history and if we do make out some comparison then there's a figure that shows that it could really grow up its price into those unexpected numbers or we hadnt been anticipating which us investors

will really be that interest into its future potential in terms of price movement and its value but of course this isnt something that could happen in one night but it would take years or decades before we could see
new all time high.The wrong of other people is into their mindset that we would able to reach out into those numbers without any hardship and we know that its not having that pumping price like movement forever
which you should expect that there's drops and its happening as of this moment but doesnt mean that it would really be leading into its end.

[pkersey]

Wall street opened up a new bitcoin short ETF, and traders are shorting the crap out of bitcoin. To me this is a sign of stability b/c the price can rocket when those short selllers have to cover. BTC isn't going anywhere, but crypto did get way ahead of itself pricewise. It's happened numerous times before.

[danadc]

For me it could be the end of all altcoins, because I don't care about them, but to say it's the end of bitcoin? It couldn't happen unless bitcoin investors stop liking money, and since it also has a function which is to make use of backup against global economic emergencies, since a recession would make many desperate for their money and not want to lose their value, the most reliable options to go for are gold and bitcoin. But for some bitcoin they do not see it completely as a refuge is one of the options that can work best.

[Hispo]

We are not approaching the end of Bitcoin. 
Bitcoin adoption is growing slowly but steadily, Bitcoin has broken the stigma of being the currency of cyber-criminals, becoming an asset held by big companies and retailers alike.

The volume is huge, the liquidity is competitive and the industry is healthy. It could be healthier if we could get rid of the army of scammers, shitcoins and failure services like Terra-Luna, but still I believe we are only witnessing the beginning of a long era when Bitcoin continues to evolve, grow and survive despite of the FUD pushed by the enemies of decentralization.

If anything, we are approaching towards the end of FIAT paper and the bith of CBDC's, a new tool to keep an eye on you and anything you buy.

[Ale88]

The precarious cryptocurrency market has been made worse by cryptocurrency lender Celsius' June declaration that it is banning withdrawals owing to "extreme market conditions." Following the market meltdown, crypto hedge fund Three Arrows Capital might possibly be insolvent. Three Arrows Capital has entered liquidation, worsening the crisis gripping the whole world's market for digital assets. Three Arrows was is also considering alternatives including the sale of assets or a firm's rescue.
https://news.sky.com/story/crypto-hedge-fund-three-arrows-capital-plunges-into-liquidation-12642402

With the continuous downslide of the Bitcoin and the crypto market at large, is it too soon to say that we might likely be witnessing the end of it all?

Since bitcoin was born the crypto market became bigger and bigger every year, I don't understand how (or why) you're saying that it's coming to an end. it didn't die when nobody knew what bitcoin was, it didn't die after MtGox, why should it die now?

[Minor Miner]

That's right, it's ending for scam projects that promise big, hyped out projects without any plausible application, as well as trash altcoins and shitcoins. As for bitcoin, it's been dead since 2009. I don't know exactly how many times people have mentioned it has died, and now bitcoin is trading at 20k and and once again the bitcoin haters will be lamenting an end to bitcoin. You will hear the same thing until bitcoin is traded for 200k or more, more... and they won't stop whining to you about bitcoin dying.