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Author Topic: Are we gradually approaching towards the end of Bitcoin?  (Read 1514 times)
landheer
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July 11, 2022, 07:24:03 AM
 #101

the answer? NO!
In my view, bitcoin will be of higher quality, maybe there is a decline in the current time but that doesn't mean it will end. seen from any perspective, bitcoin enthusiasts are now increasing and have a high chance and are very suitable for investing with bitcoin because the limited supply makes everyone want to invest in bitcoin and in my opinion even though there is a price drop? it doesn't mean it will sink and die. precisely when the price drops, the price will jump further up, because people who are interested in bitcoin will definitely wait for the price to go down and buy it... and there are a lot of enthusiasts

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July 12, 2022, 02:08:43 AM
 #102

The end of Bitcoin had been predicted by many "experts" ever since Bitcoin came to its existence. BTC does have its own flaws which are being looked at as time goes by but I don't see technological advancements fast enough in the next 2-5 years that would phase out Bitcoin.

That's certainly true, mate. Bitcoin will only die if a new technology proves to be superior in the future. If something better than Blockchain comes up, then it will be the end of Bitcoin as we know it. But given that Bitcoin is open source, it's likely the community will alter its code to adapt the cryptocurrency to the new technology. If that happens, then Bitcoin would be truly "immortal". The reason why so many people are saying Bitcoin is dead it's because of the low market prices. But deep inside, Bitcoin is alive as ever.

The blockchain is still running with thousands of miners and nodes maintaining it. This tells us Bitcoin is not dead yet. Development is still happening behind the scenes, so there's that. No matter how many bear markets Bitcoin goes through it will always emerge victorious because of its decentralized and censorship-resistant design. It wouldn't had been like that if BTC were centralized. We should stop focusing on BTC's price in Fiat terms and start using it as a currency. Not only you'd be contributing to the crypto economy, but you will also be making Bitcoin stronger than ever. Who knows if Bitcoin's constant success will lead Fiat towards its demise within the not-so-distant future? Just my opinion Smiley

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July 12, 2022, 04:40:57 AM
 #103

I have something to cliché to say, whatever is bound by time must die (sooner or later). Anyhow, these threads are seen in every market cycle, Bitcoin and crypto will do fine until proper replacement arrives.

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July 13, 2022, 10:47:45 AM
 #104

It’s natural for newbies to be afraid because they have never seen anything like this before. But if we talk about the whales, they know that the bitcoin will bounce back and to a greater price. This is a reason why there are bitcoin purchases still going on.
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July 15, 2022, 04:07:05 AM
 #105

Bitcoin has the largest market cap and is the most adopted crypto. There are many other weak cryptos that might end but not Bitcoin.
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July 15, 2022, 08:10:40 AM
 #106


This kind of news comes only when the market goes into recession. Bitcoin is not really controlled by one or two organizations or projects. Celsius could freeze everything or ruin its position in the market. But Bitcoin will run at its own pace. Actually Blue Whale and Institutional investors are waiting for the position of reduction or dip where some are worried about about reducing the price. Finally, I will say one thing, where your end, some one will start. Once the bearish market is crossed, the situation of Bitcoin will be more dynamic than before.

During the accumulation period, the main task is to buy as much as possible at the lowest price. Since the bear market does not last for a relatively long time, I assume that the set of positions will continue for a long time and perhaps the price of bitcoin will still fall lower, I don’t know how significantly, but this should be expected since more and more people will eventually lose faith and leave the cryptocurrency market. And after everyone has gained their positions, the market will begin to grow again, there will be large volumes and great interest in the growing market, as it has always been.

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July 15, 2022, 08:36:21 AM
 #107

Bitcoin has the largest market cap and is the most adopted crypto. There are many other weak cryptos that might end but not Bitcoin.

It is not only about the market cap, but about the brand bitcoin. If people talk in TV about crypto they will for sure mention bitcoin but only in some cases mention another currency. For a lot of people crypto = bitcoin and this will stay like this probably forever. The only time people speak about other coins is when there is a shitcoin having a huge pump, but that is mostly forgotten after a few weeks.
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July 15, 2022, 10:08:37 AM
 #108

I gonna go with NO. The Bitcoin ecosystem is still developing, making it possible if not likely that Bitcoin itself will continue to evolve over the coming decades. But I think your worry is defenitely not out of nowhere. Because however Bitcoin evolves, no new bitcoins will be released after the 21-million coin limit is reached. So if you mean an end in this way, it do make sense :)However, it is not yet, I think.It is not approaching its end.
https://xtrading.com/financial-questions/is-bitcoin-dead/
 
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July 15, 2022, 01:37:47 PM
 #109

Bitcoin has the largest market cap and is the most adopted crypto. There are many other weak cryptos that might end but not Bitcoin.

It is not only about the market cap, but about the brand bitcoin. If people talk in TV about crypto they will for sure mention bitcoin but only in some cases mention another currency. For a lot of people crypto = bitcoin and this will stay like this probably forever. The only time people speak about other coins is when there is a shitcoin having a huge pump, but that is mostly forgotten after a few weeks.
Bitcoin is exemptional, can't be compared with these shitcoins. It has been widely talked and it grow fast because of its market potential. The market cap and the influence of these whales making Bitcoin become known globally were rich people, huge investors, and as well as poor people got involved. And to think about the end of Bitcoin is too far away unlike these worthless altcoins.

It may lose its value but that doesn't mean it was a sign of its end.

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July 18, 2022, 01:20:23 AM
 #110

Bitcoin is exemptional, can't be compared with these shitcoins. It has been widely talked and it grow fast because of its market potential. The market cap and the influence of these whales making Bitcoin become known globally were rich people, huge investors, and as well as poor people got involved. And to think about the end of Bitcoin is too far away unlike these worthless altcoins.

It may lose its value but that doesn't mean it was a sign of its end.

Exactly. Despite the dip in market prices, Bitcoin is still the #1 cryptocurrency in the world. It will never die as long as there are supporters behind it every step of the way. People got it all wrong when they say "Bitcoin is dead". They're just basing themselves on market prices instead of what matters most (which is mainstream adoption/utility). Believe me, there's more to Bitcoin than meets the eye. Sooner or later, prices will rebound because of the cryptocurrency's finite supply. It's simple economics based on the rules of supply and demand. Unless a technology superior than Blockchain comes up, Bitcoin won't be going anywhere soon. Just my thoughts Grin

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July 18, 2022, 01:54:33 AM
 #111

Bitcoin is exemptional, can't be compared with these shitcoins. It has been widely talked and it grow fast because of its market potential. The market cap and the influence of these whales making Bitcoin become known globally were rich people, huge investors, and as well as poor people got involved. And to think about the end of Bitcoin is too far away unlike these worthless altcoins.

It may lose its value but that doesn't mean it was a sign of its end.

Exactly. Despite the dip in market prices, Bitcoin is still the #1 cryptocurrency in the world. It will never die as long as there are supporters behind it every step of the way. People got it all wrong when they say "Bitcoin is dead". They're just basing themselves on market prices instead of what matters most (which is mainstream adoption/utility). Believe me, there's more to Bitcoin than meets the eye. Sooner or later, prices will rebound because of the cryptocurrency's finite supply. It's simple economics based on the rules of supply and demand. Unless a technology superior than Blockchain comes up, Bitcoin won't be going anywhere soon. Just my thoughts Grin
In the short term, the bitcoin price will also be affected somewhat by the shitcoin crash, which panics investors leading to panic selling, but it certainly won't last and bitcoin will recover.

Bitcoin is exempt, no matter what the market gets worse for whatever reason bitcoin will be affected but only in the short term. In the long run, nothing can stop bitcoin from rising again, bitcoin collapses only when we no longer support it, no longer needed. But there's no way we're giving it up, people are scrambling to own it.

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July 18, 2022, 12:06:38 PM
 #112

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?

Bitcoin is going to be around for a long time and arguably will never disappear now. At best case scenario it takes back off like a rocket, a way to vastly drop the amount of energy it uses is found and the transaction speed is sped up - making it a real contender against other instant payment platforms out there. Worst case scenario, it loses most of its value and becomes a hollow community, however it will always have a residual price due to the mass following it once caused and the sheer novelty factor is appealing to many. For it to collapse this bad a lot of government bans would have take place or a major security weakness being exploited.

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July 18, 2022, 02:52:34 PM
 #113

Not the end but I do think BTC lose some steam against ETH. This, of course, has been saying among ETH hardcore fans for a while, all 'the flippening' and stuff. But recently, if you look at the chart you will see ETH seems better in the recovery as the whole market back to green. I suspect this is thanks to ETH PoS rally before the mainnet merge in around 2 months. Even if the whole crypto market somehow falls shot, back to bear mode, I think ETH might outperform BTC and slowly encircle BTC and come closer to the 'the flippening'.
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July 18, 2022, 04:02:06 PM
 #114

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?

Yes, we are witnessing the end but not for crypto. Many things will be ended by crypto. The unethical intervention of govt to our economy, one country's currencies sovereignty, force, and unreasonable tax implementation from the govt and many more. This all will be fade away once the whole society adopt decentralized economy.

Right now we are seeing some downside of it but that's normal. Gradually we will overcome this type of problems and the market will be more matured over time.

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July 18, 2022, 04:52:23 PM
 #115

No Grin

We are merely witnessing the beginning of Bitcoin

We are not even at the end of the beginning yet

Money has a dark side to do with the fulfilment of desire

Some call it the root of all evil so it runs very deep & is going to be a pain to dig up

Bitcoin will take decades, even centuries to properly establish

This is the currency of the new global state paradigm

The new world order

It is what it is Tongue
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July 18, 2022, 05:36:26 PM
 #116

I think you might have noticed the recent prices of bitcoin. It has shown impressive gains in last 5 days. There is no such thing that bitcoin going weak,  Bitcoin is not a share, nor its a currency. Its a technology. It is bound to go up and up

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July 18, 2022, 06:10:46 PM
 #117

The end of Bitcoin won't happen for now. We should know that the market has been through this kind of situation for several years. We've also witnessed how Bitcoin has fallen and struck a good price during the ATH so the current situation isn't enough for us to doubt it again. It's part of the crypto cycle and it's an open opportunity for everyone to accumulate Bitcoin while its price is still cheap. Bitcoin still has a lot to offer us and we only have to be patient.

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July 18, 2022, 08:34:32 PM
 #118

The end of Bitcoin won't happen for now. We should know that the market has been through this kind of situation for several years. We've also witnessed how Bitcoin has fallen and struck a good price during the ATH so the current situation isn't enough for us to doubt it again. It's part of the crypto cycle and it's an open opportunity for everyone to accumulate Bitcoin while its price is still cheap. Bitcoin still has a lot to offer us and we only have to be patient.
Not only years but a decade on which it has been like this and its not totally surprising if you do ask me on which price had been always like this on where it do rise and fall and depending on the market condition.

Everything is random and cant really be known and people should really be having that kind of mindset on where possibilities could happen but not on the sense that we would really be ending up on this market.

Nothing is assured though but we've been through lots of crashes and very bearish market but eventually we do make out some recovery afterwards and we cant really just stay into these levels for a long time.
So instead on freaking out yourself into  those kind of conditions then it would be worth if you would be minding on how to get in on cheaper prices.

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July 18, 2022, 09:13:47 PM
 #119

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?

Yes, it is too soon to say.  This isn't the first time Bitcoin had a huge crash.  Every 4 years Bitcoin is experiencing this bear market and it often drops to 20% of its current ATH.   If you zoom out the Bitcoin Market chart, you will see that the market is very far from being over and still in a positive trend in reference to its beginning.
Apparently, bitcoin is currently experiencing a price surge so believing that bitcoin will come to its end is always a fake news. Bitcoin has never survived its existence for a decade combatting all the negative attacks if it will only fall as easy as this. Of course, we can always expect for a price crash if the market is in deep bearish, but once it starts to recover, then bitcoin will also start to show its progress and price starts to skyrocket too.

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July 19, 2022, 10:43:04 AM
 #120

I keep asking myself this question. Is it that some people never understand the 4years cycle of the crypto market or they don't want accept the fact about it because every season of the crypto market is bearish what we always see is some people asking diverse questions about the market coming to end and for the record every market has its own winter season.
I believe we should alright know this because there's always time to sow and time to reap and the winter season is the time to sow in the crypto market instead of people complaining about the market price or coming to end accumulate as much as you can.

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?

Yes, it is too soon to say.  This isn't the first time Bitcoin had a huge crash.  Every 4 years Bitcoin is experiencing this bear market and it often drops to 20% of its current ATH.   If you zoom out the Bitcoin Market chart, you will see that the market is very far from being over and still in a positive trend in reference to its beginning.
Apparently, bitcoin is currently experiencing a price surge so believing that bitcoin will come to its end is always a fake news. [snip]


Having said that, the current surge in the price of the market is the normal slight surge the market always experiences during a bearish market but that doesn't mean the bear is over and it a sign that we can see another bottom price.

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