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Author Topic: BITCOIN IS DEAD! PoW FAILURE! ENERGY COLLAPSE!  (Read 1362 times)
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September 03, 2022, 07:47:48 AM
 #41

Be patient, HODL. Stay calm… Grin


Bitcoin has been declared “dead” many times or at least twice a year since 2010. and whatever the reason even if it makes sense, just ignore it.
Bitcoin won't survive this time. PoW + energy crisis 2022 = BTC Crash
Well Like every other Bitcoins DEATH that has been put out there before now, I guess you just have to wait for this to pass as well so that people like you understand that Bitcoin is going nowhere and I really don't see the reason for too much debate on this because no one is being forced to invest in Bitcoin if you enjoy BSV then stay with that. 
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September 03, 2022, 09:03:52 AM
 #42

Will this be like an annual thing to happen? If it is, then Happy Anniversary to "Bitcoin is Dead."
Because I am getting used to it and it makes me numb every time I read or hear it. There's just not much excitement anymore unlike before. I prefer something new and effective.

Thank you.
You are helping boost the market of Bitcoin again. This is how it started then grew but I doubt this is how it will end.
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September 03, 2022, 10:36:44 AM
 #43

BTC won't survive in 2022
I've heard this saying countless times since I got to know bitcoin, bitcoin always dies every time it drops and the bitcoin bubble will soon burst when it makes a new ATH...Keep spreading it, your efforts will be appreciated because people will realize that bitcoin will always stand even if thousands of bitcoin sayings are dead.

Why use bitcoin when there are more promising cryptocurrencies? XRP, Monero or BSV for example

XRP is very fast, Monero is true anonymous,  BSV is very cheapest, green, energy efficient & profitable
Before asking this question, you should find out why people choose bitcoin over other altcoins. If all of them are as good as you say then why people don't choose them but choose bitcoin, companies, organizations even countries they choose bitcoin over altcoins.

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September 03, 2022, 11:51:28 AM
 #44

BITCOIN IS DEAD!

Explanation

There is an energy and raw materials crisis all over the world (in connection with situation in UA). People in Europe are switching to coal. Ethereum swithing to a less energy-intensive model PoS

BTC is doomed to extinction if it doesn't switch to PoS. But if BTC will be switch to PoS - then it will cease to be BTC
https://i.ibb.co/bK1k1CS/dead2.png

That's why BTC is dead. In the conditions of the world energy crisis, it is becoming more and more difficult to mine BTC (especcially on PoW model)



Bitcoin and Its Failing Technology

...On analyzing the history of Bitcoin, one can see a shift from currency to an asset exhibiting store-of-value properties. This transition has probably left the technology of Bitcoin to play catch-up. In a world as fast-paced as ours, Bitcoin's technology is running behind by at least five years.
Energy efficiency and scalability are two of the most severe issues Bitcoin faces. If not addressed, these issues could very well dethrone Bitcoin.
POW or Proof of Work is the core technology behind Bitcoin, and without delving deep into the technology, one can ascertain the fact that POW is not in the best interest of today's world. Recent studies show that energy consumption from Bitcoin mining around the world could equal the energy consumption of a whole country.
Moreover, if Bitcoin is to fulfill its true goal and be the currency of the people, as it was supposed to, it has to be more scalable. And scalability is one of the reasons that has hindered the mainstream adoption of Bitcoin...

https://toughnickel.com/personal-finance/5-Coins-that-can-be-Bitcoin-Killers

If you’re saying this because of how low it currently is then I don’t know.
It is a constant cycle of bull and bear market.
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September 03, 2022, 03:17:37 PM
 #45

maybe this is not the first time reading or seeing Bitcoin dying and a few years ago I read this,
but until now Bitcoin is still there and not dead, is it because Bitcoin goes down they say Bitcoin will die, what if Bitcoin goes up again it will be called Bitcoin rose from the grave

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September 03, 2022, 04:21:38 PM
 #46

Why everybody loves bitcoin? This is not fair

Sorry but this shit cannot worth even 19000$. BTC is overvalued
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September 03, 2022, 04:46:12 PM
 #47

Why everybody loves bitcoin? This is not fair

Sorry but this shit cannot worth even 19000$. BTC is overvalued

So your beef with btc is that everyone loves it? Shouldn't that tell you something! You should probably go do some research on why btc love btc than trying to gain attention with the btc dead topic crap, you already know your little charade won't get any support here in bitcointalk forum.

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September 03, 2022, 04:53:04 PM
 #48

Quote
Why everybody loves bitcoin? This is not fair

Sorry but this shit cannot worth even 19000$. BTC is overvalued
People love Bitcoin with their own heart, because they have seen the reality of Bitcoin and what Bitcoin will do in the future to humanity and to the societies. If Bitcoin can prove people wrong during the pandemic that collapsed many countries economy and made many organization to reduced production over some years in the land that was  causing Bitcoin massive pumping for those that invested on Bitcoin to have something good to earn at the moment. Even though, the price of Bitcoin decrease to $10k in the market, nobody will see Bitcoin as a dead coin than to use the opportunity to buy more of Bitcoins and hold for the price to increase higher before they can see to smile in the market. I love Bitcoin and I will continue to love Bitcoin, because I have seen many reasons why I should stand by Bitcoin either dumping or pumping in the community.

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September 03, 2022, 05:23:44 PM
Last edit: September 03, 2022, 06:02:46 PM by DooMAD
 #49

Why everybody loves bitcoin? This is not fair

Now we get to the heart of the matter.  Deep, ingrained resentment that not only do people recognise the value of BTC, they also recognise BSV for the worthless excrement it is.  And what's more, this sad and pathetic troll is powerless to change it, despite their best efforts to shill their scamcoin and spread FUD and misrepresentations about Bitcoin.  People still choose Bitcoin.

Classic.

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September 03, 2022, 07:04:23 PM
 #50

Why everybody loves bitcoin? This is not fair

Sorry but this shit cannot worth even 19000$. BTC is overvalued

Bitcoin never wants to be at $19k, it's people who make Bitcoin worth $19k...

if you are jealous of bitcoin and say the love of bitcoin is not fair then sue everyone who loves bitcoin Tongue



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September 03, 2022, 09:26:12 PM
 #51

People always have an overthinking when it comes to power and that's the reason it is always connected to bitcoin and describe it as dead. Energy crisis is all around the world and the same have made its impact over each and everything. Cryptomarket isn't an exception. For this reason one can't end bitcoin as dead. Even if the mining that is being distributed around the world gets stopped, we can see the transactions happening which won't let it towards death.
If they have a problem with bitcoin, everything that they see, hear or think will always be connected to it. Why will they say that btc is dead? Only because of the rising energy price? But miners can always use an alternative energy. We have solar, wind, heat, hydro and others. Many miners are in fact using this already to save up fees and produce more profit.

As long as there are still people who believe's and supports it, bitcoin won't come to an end and if all bitcoin mining had stopped, people can still make a transaction e.g send a btc to an address but I don't think the receiver will get it. The sent btc will only get stuck in the chain.

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September 03, 2022, 09:58:52 PM
 #52

People always have an overthinking when it comes to power and that's the reason it is always connected to bitcoin and describe it as dead. Energy crisis is all around the world and the same have made its impact over each and everything. Cryptomarket isn't an exception. For this reason one can't end bitcoin as dead. Even if the mining that is being distributed around the world gets stopped, we can see the transactions happening which won't let it towards death.
If they have a problem with bitcoin, everything that they see, hear or think will always be connected to it. Why will they say that btc is dead? Only because of the rising energy price? But miners can always use an alternative energy. We have solar, wind, heat, hydro and others. Many miners are in fact using this already to save up fees and produce more profit.

As long as there are still people who believe's and supports it, bitcoin won't come to an end and if all bitcoin mining had stopped, people can still make a transaction e.g send a btc to an address but I don't think the receiver will get it. The sent btc will only get stuck in the chain.

The energy crisis is only temporary and cannot last forever, the energy crisis is happening on a global scale, but the hardest hit place is the EU countries, not all other countries. Countries that use hydroelectricity and solar power have almost no effect on them. Therefore, the claim that bitcoin will die due to lack of energy is completely untrue.

As long as there is demand for bitcoin, miners will find a way to keep mining, just like China banned bitcoin, bitcoin miners will move to places where bitcoin is not banned. Similarly, if the energy crisis continues and affects mining operations, miners may switch to other energy uses.

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September 03, 2022, 10:13:05 PM
 #53

BTC won't survive in 2022
Many people like you don't like Bitcoin and spread FUD about Bitcoin from the past until now that bitcoin will die, but the reality is not proven and it looks like Bitcoin still exists, because all of that is a lie.

Why use bitcoin when there are more promising cryptocurrencies? XRP, Monero or BSV for example
I laugh at you, cryptos like XRP, Monero or BSV do they still survive without Bitcoin. I think all crypto will never live without Bitcoin, because Bitcoin is the heart of all crypto.

I think op is mistaken somewhere because if eventually Bitcoin keeps falling, the same thing will happen to the entire crypto market so we should not be surprised now because Bitcoin is the origin of the crypto market which is the reason why we can't skip Bitcoin at all and jump on other Cryptocurrencies.
Things may look tough now making it difficult to hold just like in 2017/2018 which looks like the entire crypto market will crumble but things are still going steady bit by bit.

.
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September 03, 2022, 10:21:26 PM
 #54

So it's now energy consumption to equal bitcoins ability to scale through the games huh... and with that, its got no ability to evolve and survivie without switching to PoS. That's sad for you at OP is you actually believe that. Bitcoin have been around for a decade and through that, it have evolved to suit prevailing circumstances.
I just don't don't it when all about bitcoin is pinned on energy and what it is doing yo the ecosystem. I think there is more to this than that and it's just exaggerated on all fronts to make sure the currency doesn't get a wider coverage and acceptance. Unfortunately, that's not happening.
Bitcoin enthusiasts knows better now.

R


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September 03, 2022, 10:41:23 PM
 #55

Energy crisis is all around, and the only solution is to come out. For now different grown economies of the world have understood about the need of renewable energy and are making plans for infrastructure development. Maybe this can cost high, but it gives long term benefits. Same as this it is time to move towards renewable energy for mining needs. This will keep the environmental enthusiasts away from indicating bitcoin as the reason for all the environmental hazards happening around.
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September 03, 2022, 11:19:50 PM
 #56

That's why BTC is dead. In the conditions of the world energy crisis, it is becoming more and more difficult to mine BTC (especcially on PoW model)
Even Bitcoin cannot be mined anymore, I don't think it is the end of BTC. On the other hand, the value of BTC will be more expensive because there is no longer any additional circulating supply. Anyway, to claim Bitcoin to be dead, you need more proof or valid reasons. You can't assume it based on the current chart pattern and the current crisis in world energy. The big decline in Bitcoin price lately is not caused by the crisis of energy, but it is something normal happening during the bearish season. Don't mislead us!!


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Slow death
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September 03, 2022, 11:31:05 PM
 #57

I have no see a future of that dinosaur called BTC. It's time for BTC to go to the museum. Everyone sees how BTC becomes heavy and clumsy.

man I don't know how you manage to have the courage to say these things, look at the price of the coin you say is a dinosaur, which is already dead:

BTC =19700$ and also see the bitcoin marketcap

now look at the price of the altcoin you promote:

BSV = 52$ and see the altcoin marketicap you promote

Now ask yourself: if your altcoin has better technology, it's not a dinosaur so why the hell is its price so low and marketcap low and the bitcoin you consider dinosaur is priced much higher than the altcoin you promote?

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malcovi2
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September 03, 2022, 11:35:24 PM
 #58

That's why BTC is dead. In the conditions of the world energy crisis, it is becoming more and more difficult to mine BTC (especcially on PoW model)
Even Bitcoin cannot be mined anymore, I don't think it is the end of BTC. On the other hand, the value of BTC will be more expensive because there is no longer any additional circulating supply.

This is why people are making fun of people involve in cryptocurrency.

Bitcoin SV (OP)
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September 04, 2022, 05:41:50 AM
 #59

The big decline in Bitcoin price lately is not caused by the crisis of energy, but it is something normal happening during the bearish season. Don't mislead us!!
Bearish season is main reason? Hellooooo McFLy, anybody home? Bearish season is caused by the energy crisis

ETHEREUM swithing to the POS due to energy crisis. BTC will be next

I have no see a future of that dinosaur called BTC. It's time for BTC to go to the museum. Everyone sees how BTC becomes heavy and clumsy.

man I don't know how you manage to have the courage to say these things, look at the price of the coin you say is a dinosaur, which is already dead:

BTC =19700$ and also see the bitcoin marketcap

now look at the price of the altcoin you promote:

BSV = 52$ and see the altcoin marketicap you promote

Now ask yourself: if your altcoin has better technology, it's not a dinosaur so why the hell is its price so low and marketcap low and the bitcoin you consider dinosaur is priced much higher than the altcoin you promote?
Because BTC is f*cking monopolist.

BTC - is an absolutely unfair cryptocurrency. Manupulative coin which is managed by several big whales
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September 04, 2022, 07:37:11 AM
 #60

The big decline in Bitcoin price lately is not caused by the crisis of energy, but it is something normal happening during the bearish season. Don't mislead us!!
Bearish season is main reason? Hellooooo McFLy, anybody home? Bearish season is caused by the energy crisis

ETHEREUM swithing to the POS due to energy crisis. BTC will be next

If I may ask you this if you believe the Bearish season was caused by the Energy crisis as you claimed, what caused all the previous bearish seasons? same Energy crisis?


I have no see a future of that dinosaur called BTC. It's time for BTC to go to the museum. Everyone sees how BTC becomes heavy and clumsy.

man I don't know how you manage to have the courage to say these things, look at the price of the coin you say is a dinosaur, which is already dead:

BTC =19700$ and also see the bitcoin marketcap

now look at the price of the altcoin you promote:

BSV = 52$ and see the altcoin marketicap you promote

Now ask yourself: if your altcoin has better technology, it's not a dinosaur so why the hell is its price so low and marketcap low and the bitcoin you consider dinosaur is priced much higher than the altcoin you promote?
Because BTC is f*cking monopolist.

BTC - is an absolutely unfair cryptocurrency. Manupulative coin which is managed by several big whales

Since I have been coming back to your post I can't help to notice that, this person is just a crybaby. So you would prefer if BSV was more costly than Bitcoin, if BSV was worth it, don't you think they would be whales Investing in it too to manipulate the market as you claim?
Yeah right, Unfair, like anything is ever fair in this world.
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