Are we gradually approaching towards the end of Bitcoin?

[Poker Player]

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?

With so many threads like this one, which come to announce the end of the world more or less, what we are approaching is a good time to buy. When people keep talking about apocalyptic scenarios in bear markets we are close to the bottom. If you really think it's going to disappear, don't buy, or better yet, bet short against Bitcoin.

[Jemzx00]

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.

Crypto projects that doesn't have any useful usecase will surely cease to exist anytime also as we can see during this bear market, various shitcoins and altcoin have died. This is also one of the good thing that always happen during a crypto bear market. Bitcoin will always die, burst out like a bubble, be banned, and will never be considered as currency just as people say.

[amishmanish]

Saying that something else will take place of bitcoin is like saying some other fiat will take place of dollar. Even then lets take this argument as true, What will happen. With the current holdings and the value  of bitcoin it will take a tleast 5 years to any altcoin to generate the market value and customer base as bitcoin has.
Moreover any alternate currency too will need to provide a very strong safe and meaningful system for  safe transactions.
If you see most of institutional investors are still choosing bitcoin as their first choice, because the market trust that bitcoin carry is still far more than any other alt coins and bitcoin will stay on top for a long time

[sbrys]

Probably 99% are technically better than Bitcoin but they are simply not Bitcoin 

Cannot imagine any other Crypto taking over top spot. I’m sure there is some unwritten law preventing this like for example Fermi Paradox 😊

[oaz7t]

Tough time calls for tough decisions buddy. Never ever think that Bitcoin is coming to an end because it's nature and market penetration will never make it end. Simply give it time to recover from the unwanted sells.

[KaliLinux]

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?

For some of us here still even helping to push this type of news that "Bitcoin is coming to an end or is this, the end of Bitcoin" is also part of the problem. I don't even think this should be a discussion until I see that it actually happens. Some institutions that started way down the years after Bitcoin has already given like 3-10 years into the system are the ones to now be used as a yardstick if Bitcoin will survive?
Celsius was Founded in 2018
3AC was founded in 2012
Bitcoin has always seen negative news over the years and this time is no different, I don't believe that it is the end for Bitcoin but rather a repositioning of the market.

[sbrys]

Also what would the end    A price drop is not an end. Even if we would go to 1k$ Probably too much sideliners waiting to prevent that from happening (without fundamental issues)

An end would be a 51% attack or some brute force hack on private keys. Seems both rather impossible at this time.

[ninis45]

Saying that something else will take place of bitcoin is like saying some other fiat will take place of dollar. Even then lets take this argument as true, What will happen. With the current holdings and the value  of bitcoin it will take a tleast 5 years to any altcoin to generate the market value and customer base as bitcoin has.
Moreover any alternate currency too will need to provide a very strong safe and meaningful system for  safe transactions.
If you see most of institutional investors are still choosing bitcoin as their first choice, because the market trust that bitcoin carry is still far more than any other alt coins and bitcoin will stay on top for a long time

this is bitcoin which is different from altcoins and will run as a track recorder and transparent transaction example without intuition that provides rules or promises interest rates as a deterrent to inflation and altcoins come as a complement to the technological demands and transactions of bitcoin, is needed by society today even though on the way altcoins as newcomers are often ridden by scam projects and cannot develop so they are dead and worthless

[zasad@]

When market participants have a negative opinion in the first place, then it's time to buy. Bitcoin is a good indicator of the stock market, first the price of bitcoin falls, then the stock market falls. European and American regulators have no complaints about bitcoin, which means that the coin will have a future.

[buwaytress]

Probably 99% are technically better than Bitcoin but they are simply not Bitcoin 

The reason they'll never do better than Bitcoin (for now and for the foreseeable future) is pretty straightforward. It's that they're actually not at all better than Bitcoin.

They're all technically modern, sure. Superior in transactional capacity, sure. But at the sacrifice of almost everything else that makes Bitcoin valuable (and therefore, shitcoins non-valuable)... security, decentralisation, cesorship-resistant, etc.

[skarais]

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?

Of course, you don't have to believe that this is the end of the crypto world in general. The price decline is reasonable like the big increase that occurred last year. Currently bitcoin price is down 72% from ATH but of course this is not the worst condition ever. I think people will still be very worried about a dump where 85% was a big down cycle in the past. But still I wouldn't think this is the end of crypto even though some people have lost money at this point.

Rest assured, the price of bitcoin doesn't always go one way and we know that it has to be both. If today you see a decline, then perhaps you will see an increase tomorrow. That's how the market works, but I'm not ignoring the downside of the bitcoin price crash during this period.

[avikz]

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?

I remember seeing such posts back in 2018 when the price of bitcoin reached to 3k level after seeing a ATH of 22k. People were in real shock. Many people I knew, had purchased bitcoin using their credit card so they were in huge debt. They all had to work extra hours so that they survive with the credit card interest. There was a total mess! then if I look back beginning of 2022, bitcoin reached 69k. This is a game of bull and bear cycle. Bitcoin has shown this very prominently. So if people have forgotten this, they can sell off and leave the market. It is not a game of faint hearted people anyway.  

Some businesses has certainly taken a direct hit whose main source of revenue was cryptocurrency. But nothing lasts forever!

[Russlenat]

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?

This is not the first time to happen in the market that bitcoin was doomed and has dropped so much to the extent of reaching $3k, did it end there? No, because it’s only part of having a downward trend every time the bear season hits the market. And eventually, it also recovers in time. So same what’s happening today, bitcoin will continue to drop and ends up in its bottom, sadly none of us knows as to what bottom price will bitcoin settle.

[Franctoshi]

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?

Aside inflation and the hiking of interest rates by Fed to run off their blansheet, The Crypto lending platform like the Celsius, Three Arrow capital etc seems to be one of the problems why Bitcoin and cryptos is crashing as a result of yield farming with Bitcoin and cryptos.
Why do I said so,

For instance
When people lend out your BTC to this lending platform such as Celsius at $30k in order to earn some interest , They may loan out the BTC to the Banks and use it as a collateral to pay you interest. Then what happens in a situation, when btc price start dropping massively as it did drop to $20k and bank will realize and say hey! guys, the value of BTC in collateral no longer match with what we're giving out to you, then Celsius may have to sell the BTC at $20k in order to cover loses, and this I think helped in crashing the price of Bitcoin and crypto and why Celsius and Three Arrow capital is going bankrupt, which if nothing is done more lending platform will go out of business because they don't have more customer inflow willing to lend out their Bitcoins to earn yields because of the current drop in the price of Bitcoin.

Therefore, if you're to invest with this lending platforms and you don't know where the yields is coming from, Think about it, you're are the yield.

[kryptqnick]

Some institutional players might pull their money out of the crypto industry, out of Bitcoin. In some countries, strict regulations may appear regarding certain activities like mining. But that doesn't mean Bitcoin is moving toward any sort of end. It's still growing if you zoom out and look at other bear market situations of the past. It's facing a temporary situation, which I have very little doubt will actually prevent Bitcoin from growing again. So there's no need to panic or be concerned, or rely on opinions of some hedge funds.

[Iadegbola34]

Bitcoin is far from nearing the perceived end. We're in the growing phase of bitcoin, more adoption will come from high value investors after government regulations and all. Boom! From there we might see sustainable reversal in the upside direction and all insinuations or prediction that bitcoin is nearing its end will be gone.

[sbrys]

If this would be the end this would be the weirdest trend ever.

Record breaking growth for more than a decade but without a fundamental reason it would be over 

[Zanab247]

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.

This is the best time to get it right in the community, by buy as much of Bitcoin you want in this season and hold because the market price is about to switch into bull market were people we start making income from their investment. What is happening right now in the market is not the end of Bitcoin than to allow many people to embrace this opportunity to be part of those that will achieve a good profits from the market in future. I think, the price of bitcoins will move to $40k before the end of this month.

[_BlackStar]

When market participants have a negative opinion in the first place, then it's time to buy. Bitcoin is a good indicator of the stock market, first the price of bitcoin falls, then the stock market falls. European and American regulators have no complaints about bitcoin, which means that the coin will have a future.

Some people will be very worried about the future of bitcoin especially since they might be new here. They should learn from past experiences where bitcoin has also collapsed due to panic and massive selling from traders and investors. But in fact, during 2021 bitcoin price hit ATH again where $69K is the current high.

Volatility of the market are commonplace with bitcoin because actually these coins are traded freely without anyone's control. This means the price will continue to fluctuate following the current trend, but in the end we find out that it will just form a new pattern for the price and that's how it goes. The best advice to the OP is, don't think of this as the end of bitcoin as the first point is that volatility is normal. Buy and wait, you will feel the benefits in the future.

[Abiky]

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?

I hate it when people say "It's the end of Bitcoin" when market prices are falling down the drain. Was Bitcoin created as an investment tool or as an alternative to the current financial system backed by central banks and governments worldwide? I'd say Bitcoin is more than just a currency. It's a revolution that will change our world for the better.

Why would I care about BTC's price relative to Fiat if the latter is bound to collapse soon? Fiat currencies (USD, EUR, etc) will see their demise once hyperinflation starts rolling in. Once that happens, people will be in search of sound money that cannot be censored or manipulated at will. Bitcoin is the answer to all of our problems, so I'd suggest you hold onto it no matter what. Who knows if Bitcoin becomes the standard unit of account in the future? Just my opinion