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Author Topic: Are we gradually approaching towards the end of Bitcoin?  (Read 1570 times)
cr1776
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July 19, 2022, 07:32:48 PM
 #121

If anything we are approaching the end of Celsius and their ilk.  It has been like a broken record for 12 years now: if you don't control the keys, you don't own the coins, you are just a creditor.  Anyone promising huge returns is taking huge risks and if they tell you otherwise they are lying.  

In 2022 it is just a bit slicker than it was in 2010-2018 or whatever.  It is the same garbage though and still no one has learned about the risks you take when you don't own your coins and 'lend' them (unsecured no less) to other people.

Same advice as before: Stay in bitcoin, don't keep your coins on an exchange, don't lend them out etc.  If you must exchange for fiat, transfer to a reputable exchange and sell right away.

None of this is a reflection on bitcoin, it is reflection on people not using common sense to safeguard their assets.  So, no, bitcoin is not ending.  And I suspect neither are people taking huge risks with their coins and then later coming to regret it like recently.
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July 19, 2022, 09:56:04 PM
 #122

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.

Alot needed to be understood well about bitcoin price that not all the time it run dil create fear of missing out, bitcoin usually goes volatile just to give room for more investors and to make profit on a short or long time period, what people says about bitcoin tends not to be the real reality in it, they only say that to discourage users from investing more on bitcoin, either rising or falling bitcoin is progressing which many don't know.
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July 19, 2022, 11:21:55 PM
 #123

You know it is time to invest as much as you can, when you see people start saying that it is the end of bitcoin. You would be super rich by now. Have you seen how many times "those media and experts" said bitcoin is going to die "soon" when the price crashes?
Well, look at the price now. It is no longer below $18,000 (when you made the post). If you had invested when you created this thread, you would have made some nice sweet profits by now!

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July 19, 2022, 11:37:01 PM
 #124

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 never ends. Bitcoin will never end even if there is a lot of pressure from above and even if various governments ban its use, someone will grab it and use it.Because Bitcoin is now very popular all over the world and every country has Bitcoin transactions. I believe this bitcoin is never going to end and never will.
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July 19, 2022, 11:50:46 PM
 #125

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 never ends. Bitcoin will never end even if there is a lot of pressure from above and even if various governments ban its use, someone will grab it and use it.Because Bitcoin is now very popular all over the world and every country has Bitcoin transactions. I believe this bitcoin is never going to end and never will.
You do have the point but we know that things cant last forever thats why risk management is a must thing to be considered once you do step your foot into crypto investment.
We've been here already on a decade and we've seen lots of criticisms and bans and prohibitions about bitcoin or been thrown into even though it does have lots of crashes happen but
still turns out to recover no matter what and that surely indicates that there are indeed a strong support for this one and its evident on just simply seeing on where it do sits on this crypto
space which had been sitting around rank 1 or over the top since from the start of this market.

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July 20, 2022, 01:20:02 AM
 #126

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.

The constant ups and downs in price are largely attributed to the small size of the crypto market (low liquidity) and lack of regulations. This has been something normal ever since Bitcoin was first listed on an exchange around a decade ago. People are just saying "Bitcoin is dead" because of the market prices going all the way down the drain at a very fast pace. They think Bitcoin is all about money, when in fact, it's more than that. It's a movement, a revolution meant to change our world for the better. I'd focus more on the technology than just relying on it as an investment.

One thing for sure is that it'll never be the end of Bitcoin because of the way it was designed. There are thousands of nodes and miners spread across the globe supporting the Blockchain in every way. For Bitcoin to die, either Quantum computers "crack" the Blockchain or all nodes stop supporting the network altogether. I don't see this happening anytime soon as Bitcoin grows stronger everyday. What we're seeing now, it's just something temporary that will slowly fade away once the hype is revived again. What matters is decentralization above all else. As long as this is prioritized, Bitcoin will last a lifetime. Just my opinion Smiley

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July 20, 2022, 02:53:42 AM
 #127

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?

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July 20, 2022, 03:04:49 AM
Merited by theCommittalist (1)
 #128



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?
we are gradually approaching to another hyping and will soon reach another ATH  Grin

https://coinmarketcap.com/

yeah there are a continues dropping happens recently , but nowadays ? bitcoin is impressing investors by moving high for the last 3 days .
so maybe there are another good thing to expect in the next few weeks or months .

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July 20, 2022, 12:45:44 PM
 #129



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?
we are gradually approaching to another hyping and will soon reach another ATH  Grin

https://coinmarketcap.com/

yeah there are a continues dropping happens recently , but nowadays ? bitcoin is impressing investors by moving high for the last 3 days .
so maybe there are another good thing to expect in the next few weeks or months .

Whoop whoop Grin
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July 20, 2022, 12:57:17 PM
 #130

No, It is not completely correct to think so because people have not fully understood the meaning of Blockchain and cryptocurrency right now and if china has kept the ban then it does not mean that all the countries will make it. somewhere with bitcoin, This world will become more transparent and we can all live in a secure Environment.
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July 21, 2022, 07:12:27 PM
 #131

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.
Branding of bitcoin is very important. I mean I know that there isn't a company behind it doing marketing, but it has marketing of its own and brand of its own without needing us. This is why I agree that we shouldn't really be doing anything that would be considered as marketing for bitcoin while looking like owners, we can't do that.

We could however support it like fans and that is what the whole world is doing. Even El Salvador making it a legal tender is literally being a fan of bitcoin, but as a government and not as a person (or maybe person, since president did it). This is how you grow bigger, and this is how bitcoin becomes more known and liked as well.

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July 21, 2022, 07:21:57 PM
 #132

yeah there are a continues dropping happens recently , but nowadays ? bitcoin is impressing investors by moving high for the last 3 days .
so maybe there are another good thing to expect in the next few weeks or months .

I think the next few months is still normal with sideways, lower lows, and lower high trend.  The current bitcoin rally is just a relief rally that was long overdue.  It just happened these last 3 days.  Aside from that, the current surge is possibly some people from China moving their funds to BTC due to the fear of Banks transitioning their savings accounts to an investment account and forbidding them to withdraw just like what happened in one of China's banks.  Aside from that, the speculation about FED getting easier on the rate hike in their next meeting.

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July 22, 2022, 10:02:11 AM
 #133

We can’t say whether it's over or not now. Personally, I still feel this is just a phase and will be over soon. Bitcoins have a lot of potential and it is not the end of it.
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July 25, 2022, 10:53:04 AM
 #134

I know handling this market crash is a bit difficult but I can assure you this is not just the end. Bitcoins have a long way to go and this downtrend will get over soon. Praying to see a surge in the prices soon.
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July 25, 2022, 06:46:40 PM
 #135

Often we get to see such news and these incidents of celcius, Luna are part of the market. It is our own understanding whether to take into consideration and end our participation into the market or just develop trust over the bitcoin and other cryptocurrencies that are good. It doesn't make sense to think of bitcoin towards the end. Always we can see the market experience such moves, but it should strengthen us and not develop negative thoughts over bitcoin.

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July 25, 2022, 08:28:23 PM
 #136

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.

The constant ups and downs in price are largely attributed to the small size of the crypto market (low liquidity) and lack of regulations. This has been something normal ever since Bitcoin was first listed on an exchange around a decade ago. People are just saying "Bitcoin is dead" because of the market prices going all the way down the drain at a very fast pace. They think Bitcoin is all about money, when in fact, it's more than that. It's a movement, a revolution meant to change our world for the better. I'd focus more on the technology than just relying on it as an investment.

One thing for sure is that it'll never be the end of Bitcoin because of the way it was designed. There are thousands of nodes and miners spread across the globe supporting the Blockchain in every way. For Bitcoin to die, either Quantum computers "crack" the Blockchain or all nodes stop supporting the network altogether. I don't see this happening anytime soon as Bitcoin grows stronger everyday. What we're seeing now, it's just something temporary that will slowly fade away once the hype is revived again. What matters is decentralization above all else. As long as this is prioritized, Bitcoin will last a lifetime. Just my opinion Smiley
Once they had step their foot into this market then they should at least make themselves fully aware on how volatility works and how unpredictable market do really looks like though for starters then it is really normal to commit out some mistakes or errors but if you are constantly making out mistakes despite of the long duration you've been here on this market then there's something wrong with you.

Doubts about other matters is normal but most of the time this would be talking emotional aspect.We arent that dumb on not to notice out those common things attached and
what problems it do causes and on the time they are seeing this market is declining then this is where they do start on freaking out and making such conclusions which arent even
realistic.
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July 26, 2022, 07:59:13 AM
Merited by Oshosondy (2), Mr.right85 (1)
 #137

Often we get to see such news and these incidents of celcius, Luna are part of the market. It is our own understanding whether to take into consideration and end our participation into the market or just develop trust over the bitcoin and other cryptocurrencies that are good. It doesn't make sense to think of bitcoin towards the end. Always we can see the market experience such moves, but it should strengthen us and not develop negative thoughts over bitcoin.

I still do not understand how and why people think that bitcoin can end unexpectedly because of the price going downward. I don't understand how they think that I will sell my bitcoin, you will sell your bitcoin and everyone that has adopted bitcoin will sell theirs and then the whales sell off too and then crash bitcoin price to $0. How possible is that?
As you are selling your bitcoin, I am buying it, as I am selling mine the whales are buying it. That is how the circle continues.

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July 28, 2022, 01:07:02 AM
 #138

Once they had step their foot into this market then they should at least make themselves fully aware on how volatility works and how unpredictable market do really looks like though for starters then it is really normal to commit out some mistakes or errors but if you are constantly making out mistakes despite of the long duration you've been here on this market then there's something wrong with you.

Doubts about other matters is normal but most of the time this would be talking emotional aspect.We arent that dumb on not to notice out those common things attached and
what problems it do causes and on the time they are seeing this market is declining then this is where they do start on freaking out and making such conclusions which arent even
realistic.

Noobs are mostly driven by emotions rather than facts. They only want to get rich quick, so their expectations is for Bitcoin to continue rising in price at a non-stop rate. But you and I know that's not the way it works. Bitcoin isn't actually dead, but rather experiencing a temporary downfall in price that would lead it towards higher gains in the future. This is a period some call "market correction" or "crypto winter".

We should take advantage of this opportunity to buy more Bitcoin at a discounted price. There's more to the cryptocurrency than meets the eye. With how fast Fiat is losing purchasing power due to inflation, people will ultimately resort to Bitcoin as a safe haven. It's the next Gold that will take the world by storm. Let me tell you that Bitcoin's been declared "dead" many times, but it always went back bigger and stronger than ever. When BTC goes to $1m, we will remember this day when it was "extremely cheap" to buy. Just my thoughts Grin

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July 28, 2022, 04:12:58 AM
 #139

Once they had step their foot into this market then they should at least make themselves fully aware on how volatility works and how unpredictable market do really looks like though for starters then it is really normal to commit out some mistakes or errors but if you are constantly making out mistakes despite of the long duration you've been here on this market then there's something wrong with you.

Doubts about other matters is normal but most of the time this would be talking emotional aspect.We arent that dumb on not to notice out those common things attached and
what problems it do causes and on the time they are seeing this market is declining then this is where they do start on freaking out and making such conclusions which arent even
realistic.

Noobs are mostly driven by emotions rather than facts. They only want to get rich quick, so their expectations is for Bitcoin to continue rising in price at a non-stop rate. But you and I know that's not the way it works. Bitcoin isn't actually dead, but rather experiencing a temporary downfall in price that would lead it towards higher gains in the future. This is a period some call "market correction" or "crypto winter".

We should take advantage of this opportunity to buy more Bitcoin at a discounted price. There's more to the cryptocurrency than meets the eye. With how fast Fiat is losing purchasing power due to inflation, people will ultimately resort to Bitcoin as a safe haven. It's the next Gold that will take the world by storm. Let me tell you that Bitcoin's been declared "dead" many times, but it always went back bigger and stronger than ever. When BTC goes to $1m, we will remember this day when it was "extremely cheap" to buy. Just my thoughts Grin

I couldn’t agree more to this because many followers of bitcoin have expected they will be instantly rich just by investing in bitcoin. They didn’t know that there are a lot of factor that could cause temporary downfall of bitcoi and this time, those negative thinker will always something about it that isn’t applicable. Great loss is a one step away for great income and it always takes time for bitcoin to settle.
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July 28, 2022, 04:43:48 AM
 #140

how long have you known or studied cryptocurrency?

too soon for you to conclude about the end of bitcoin.
bitcoin was the first crypto asset and became the forerunner of cryptocurrency,
bitcoin itself became the first digital coin to successfully develop and until now it still has many investors who hold bitcoins until the total supply in the crypto market is almost at its peak or exhausted. there are also several companies that accept bitcoin as a medium of exchange, with the development of technology can make more investors and leading companies will use bitcoin.
from this it can be concluded that bitcoin is indeed a viable and bright investment asset in the future so it is very unlikely to be destroyed.

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