Poll: In your opinion is this the end for Bitcoin/Cryptocurrency?

[lovesmayfamilis]

You came to the forum 10 months later to ask us if bitcoin is dying. Where do such sentiments come from? Your account is old enough to say you didn't see lower prices when bitcoin fell.
Whenever someone claims that bitcoin is dying, you will get thousands of replies against it. And each time falling, bitcoin will add the number of people who still change their positions and buy on the fall.
You have an OP, there is still a chance to join the ranks of holders.

[yazher]

This kind of fraud and some other bad stuff also happens with the fiat and as we can see, they are still there and people don't really pay attention to it because they already know what the real problem is and that is not the fiat, the people who used it as props to perform their fraud and scams. People are confused in the early stage of the crypto industry when there is a scamming incident they thought the bitcoin itself is the culprit but now they already know the truth and they will just gonna ignore it if the same news will pop up because bitcoins have nothing to do with it. It's just being used as well.

[qwertyup23]

So we have seen Cryptocurrency hit with many huge scams, come under increased scrutiny and regulation, as well as being the subject of environmental concerns.

As of late, Bitcoin is trading at the lowest levels I've seen it trade in quite some time.

So I made this poll to gage the latest opinions of the users here.

The question is, due to any of these issues, or a combination of them, are we finally going to see the end of Bitcoin and
Cryptocurrency or is it still a safe haven?

I do not think so. Despite its price being significantly reduced compared past year, this is nothing but a natural consequence because of its innate nature and origin. Remember, check the price history index of BTC and you would see that its volatility is responsible on why its price is relatively low on the market.

Remember also that there are countries who are starting to adapt BTC as a form of legal tender. Not to mention, more and more countries also have started to integrate it into their finances and education system. The governments now see its potential use and long-term advantage to the economy.

Just to reiterate, regardless of its price being low, that does not equate that this would be the end of Bitcoin let alone all the cryptocurrencies present in the market.

[kamvreto]

when fraud occurs in the cryptocurrency environment bitcoin is always the prime suspect. those who are too layman react wrongly. that it is true that bitcoin is a tool used by third parties to be used as a fraud tool and bitcoin itself is not part of the fraud.
This even became the beginning for bitcoin and bitcoin is still growing. just look at the poll results, everyone says this is not the end of bitcoin or cryptocurrency. Don't just look at the dark side of cryptocurrency or bitcoin, look at the bright side too, it will clear up all doubts about cryptocurrencies.

[Dissimulate]

It is not the end. Cryptos have a long way to go. These are a few troughs and crests caused as this is just the beginning.

[Poker Player]

It is not uncommon that in this Bitcoin forum, the answer of 100% of the votes is no. I would have expected some troll like proudhon voting yes.

It is clear that bear markets like this have been and will continue to be, it is natural to the markets. In the case of Bitcoin, I think many of us are a bit disappointed with what the price has done this cycle, but Bitcoin is the best thing anyone who cares about their finances can have.

In terms of cryptocurrency, what happens in these bear markets is that a lot of the fancy shitcoins in fashion end up going way down or even disappearing. It's better make a sure bet on Bitcoin.

[stomachgrowls]

It is not uncommon that in this Bitcoin forum, the answer of 100% of the votes is no. I would have expected some troll like proudhon voting yes.

It is clear that bear markets like this have been and will continue to be, it is natural to the markets. In the case of Bitcoin, I think many of us are a bit disappointed with what the price has done this cycle, but Bitcoin is the best thing anyone who cares about their finances can have.

In terms of cryptocurrency, what happens in these bear markets is that a lot of the fancy shitcoins in fashion end up going way down or even disappearing. It's better make a sure bet on Bitcoin.

Come to think that it wont really be called a market if we wont really be seeing bear markets which people doesnt really like to see or able to experience without even realizing that this had been a part

and we do need this for further progress and overall adoption and recognition because we cant really just have that one path which is going up because it wont be called a market in the first place.

Its not surprising that we would really be that reacting that much and does have those kind of impressions whenever the price dips but on the time you do already
aware on how this market behaves or moves then you would just simply ignore and would really get used to it.

[justdimin]

The question is, due to any of these issues, or a combination of them, are we finally going to see the end of Bitcoin and
Cryptocurrency or is it still a safe haven?

The amazing thing is, we are all saying "no" and that is a wonderful thing, having this much trust into something and that is a great deal. If just one person said yes or unsure so far, then I would have said that at least there are some people with uncertain thoughts about it but we have reached 25+ without a single unsure or yes, and that is the great thing.

Let's see when it will get better, we have been down for a while and unfortunately that is a sad thing, but aside from that I feel like there is a good case to be made about what is going on. Cryptocurrencies especially bitcoin have faced many difficult times and current situation must be just another one; we can expect a new ATH by end of 2024, get ready for that by making use of currently available dips and future dips if happen.

[Bobrox]

The amazing thing is, we are all saying "no" and that is a wonderful thing, having this much trust into something and that is a great deal. If just one person said yes or unsure so far, then I would have said that at least there are some people with uncertain thoughts about it but we have reached 25+ without a single unsure or yes, and that is the great thing.

Let's see when it will get better, we have been down for a while and unfortunately that is a sad thing, but aside from that I feel like there is a good case to be made about what is going on. Cryptocurrencies especially bitcoin have faced many difficult times and current situation must be just another one; we can expect a new ATH by end of 2024, get ready for that by making use of currently available dips and future dips if happen.

I believe right now is not the end for bitcoin and cryptocurrency how ever price going drop and I think still have light era with bitcoin going back again to higher price. I think if some one have been in bitcoin for several years ago he know well when China make bitcoin as restrict digital payment currency, when China announcement about bitcoin banned as legal transaction and all mining project close there bitcoin drop drastically, but what happen few years later and bitcoin success reach all time high price. I think there are not any reason to said end or bitcoin era, actually bitcoin still as potential investment assets and become most effective payment currency at the future than using other kinds of digital currency for transaction.

[abel1337]

So we have seen Cryptocurrency hit with many huge scams, come under increased scrutiny and regulation, as well as being the subject of environmental concerns.

As of late, Bitcoin is trading at the lowest levels I've seen it trade in quite some time.

So I made this poll to gage the latest opinions of the users here.

The question is, due to any of these issues, or a combination of them, are we finally going to see the end of Bitcoin and
Cryptocurrency or is it still a safe haven?

Seems you are new to cryptocurrency. Scams are everywhere, you can't avoid to see it so just be knowledgeable about what you are doing. I believe that regulation is good for cryptocurrency since it will increase on it's adoption. I've seen so many bitcoin is dead headlines and this kind of headline mostly show during the market downfall where almost everyone are getting smashed by the market. There are more environmental concerns aside from crypto mining and surprise until now those concerns aren't resolved and even if mining stop, The crypto market won't be stopped.

[DeathAngel]

Bitcoin has existed since 09, loads of scammers & bad actors have been in this space in that time (no more than fiat equivalents). To answer the question, no, it is not the end for bitcoin/crypto. Year by year there is more adoption & mainstream use, bitcoin goes from strength to strength. I think this OP sums up many clueless noobs we have hanging around here.

[casinotester0001]

Question:   In your opinion is this the end for Bitcoin/Cryptocurrency?

end for Bitcoin = end for the universe

[|MINER|]

If you ask me that question,  it will always be no . Because scams are more or less in all sectors.  Especially if you are talking about money laundering, it is our misconception that cryptocurrency is only involved in it. In fact, as far as money laundering is concerned, the use of cryptocurrency is negligible and most of it is fiat currency. We should remove our misconceptions that have been instilled in us through the media.

[coolcoinz]

No    - 34 (100%)

That sums it up. Love how the poll has turned out.

I'd also like to quote OP on this:

As of late, Bitcoin is trading at the lowest levels I've seen it trade in quite some time.

I'd like to return to this next year and see OP's reaction.
Bitcoin is at its ATH from the previous cycle. It's a level people in 2018 and 2020 were dreaming of, but couldn't get bitcoin to reach it for more than 2 years. Now we're below the last ATH for only a year and we already see people complaining that the price is low. Wake up OP, the dollar is at its all time high and everything including gold is down because of it, but its real value has not changed.

[noormcs5]

So we have seen Cryptocurrency hit with many huge scams, come under increased scrutiny and regulation, as well as being the subject of environmental concerns.

As of late, Bitcoin is trading at the lowest levels I've seen it trade in quite some time.

So I made this poll to gage the latest opinions of the users here.

The question is, due to any of these issues, or a combination of them, are we finally going to see the end of Bitcoin and
Cryptocurrency or is it still a safe haven?

Do you think that these are the lowest bitcoin levels at which bitcoin is trading right now? If so, then you are wrong because bitcoin can dump even lower and still recover back up. So there is no point thinking that because bitcoin price is dumping too much, it is near the end of crypto market.
Bitcoin and Cryptocurrency will never end and also in your poll 100% votes are for bitcoin is here to stay. (35 votes cast now in favor of bitcoin till now)

[Welsh]

Just remind yourself that this question literally gets asked after every drop, and not just every so often. Literally, every time I see certain people, they mention that Bitcoin has finally burst. It's been a running gag for like five years now.

No    - 34 (100%)

The only thing I'm surprised by is the lack of trolling in the votes, but realistically asking this sort of question in a Bitcoin oriented forum is generally going to come to the same conclusion. If you asked it in Reddit, you'd likely get slightly different viewpoints, but Bitcointalk is sort of more attractive to long term Bitcoin users, and therefore the votes are going to reflect that. I guess what I'm trying to say is Bitcointalk isn't the most accessible due to all the restrictions we have, so generally those that vote are going to be a little more likely to be veterans, and therefore Bitcoin believers.

[goldkingcoiner]

I have to say, I am quite proud of you guys. Not a single answer other than a big "NO". I think that perhaps the OP is a bit new at cryptocurrency, despite his aged account and might be feeling very nervous due to the current dip, aka "correction". So I do hope that the poll provided you some relief, after seeing how strong our assurance is about Bitcoin and generally, most cryptocurrency. Although personally, I would leave out the cryptocurrency part and just go for Bitcoin. Bitcoin is a sure thing, every other crypto... Not so much.

You should be prepared for scary sell-offs in the crypto world. The price volatility is amazingly high and can make you dizzy. Most important thing is not to panic, keep your wits about you and step away from the keyboard. Just hodl. Really, thats the best advice anyone can give you.

[BIT-BENDER]

In my own opinion you don't have any solid point to why you even think it's the end of Bitcoin, and ignorance isn't an excuse here because you can always do your own research. This won't be the worse situation Bitcoin has found it self in fact it's not even close, and still that didn't bring an end to bitcoin.

Have we now ran out of topics for this sort of topic to be a thing? When they say crypto-currency is volatile this is Exactly what it means, the price would always fluctuate and this shouldn't cause a post about bitcoin dead or not during Market price fall.

[sulendra12]

The question is, due to any of these issues, or a combination of them, are we finally going to see the end of Bitcoin and
Cryptocurrency or is it still a safe haven?

Pretty much it's the same, every thing in this world has good side and bad side on every aspect you can find. When you find something good, there will be always some bad people out there to ruin the fun for you. Does that means it will be the end of that? Absolutely not, the community is still strong and it only portions of those are bad, while the rest are some good individuals to make the community stronger.

Thinking of everything could end because of some scammers and some regulations are pretty much a bad mindset IMO.

[Welsh]

You should be prepared for scary sell-offs in the crypto world. The price volatility is amazingly high and can make you dizzy. Most important thing is not to panic, keep your wits about you and step away from the keyboard. Just hodl. Really, thats the best advice anyone can give you.

To be fair, the price volatility catches out even the longer term holders. It really does depend  what your goals are when you invested. If you've over invested, and are counting on it going up, then of course you're going to feel the pinch in times like these.

However, a lot of users have simply started using Bitcoin due to the freedom it provides, and mainly because they're sick, and tired with a society that is highly dependant on banks. I'm not even going to get started on how dodgy banks are, yet we still use them. Literally, in their terms of service, they tell you they basically use your money to earn more money.