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Symmetrick (OP)
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November 04, 2022, 03:15:14 PM
Last edit: November 29, 2023, 11:59:37 PM by Symmetrick
Merited by Accardo (2), Jatiluhung (2), d5000 (1), tranthidung (1)
 #1

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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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November 04, 2022, 03:34:43 PM
 #2

Yes, you are right. This resource can be used for argumentation in discussions with bitcoin haters and, as you said, to mark the "value" of their forecasts.

It seems to me that the largest number of burials in 2017 is due to the fact that this year was the most hyped for bitcoin with the sharpest and most significant increase in the price of it. It is not surprising that non-believers expected the speedy collapse of this entire “pyramid” and “ponzi scheme”, which created many "valuable" predictions about the speedy end of bicoin's "life".

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November 04, 2022, 04:46:29 PM
 #3

I'd say the site is a limited Bitcoin obituary site; the available stats of Bitcoin obituaries on the site are restricted to two requirements. All bitcoin is dead submissions must meet these rules  before it'll be published: the website, blog or social media account that created a Bitcoin is dead article or thread must have good following or traffic and the articles must focus on the failure of Bitcoin mainly. Which means that if all the Bitcoin is dead articles or tweets were recorded they'd be more figures than what we have today. But, yet, despite the limitations the numbers are still high. Bitcoin triumphs from both bad and good publicity.

I'm seeing the site for the first time and the idea behind it is excellent.

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November 04, 2022, 04:55:52 PM
Last edit: November 05, 2022, 08:28:04 AM by d5000
 #4

To older folks like me, this site is obviously well-known Smiley

For me, the most interesting thing is the distribution of the "Bitcoin is dead" articles over time:

- 2010: 1
- 2011: 6 - first bull market with some media attention, and subsequent crash. (For me, this was the moment when Bitcoin indeed was closest to "death" - e.g. it could have been 51% attacked and then forgotten.)
- 2012: 1
- 2013: 17
- 2014: 29 - second big crash.
- 2015: 39 - MtGox insolvency and depression.
- 2016: 28
- 2017: 124 - as already was mentioned by @m2017, this was probably the moment when Bitcoin really was noticed massively by the public opinion. It was not the sharpest price increase though.
- 2018: 93 - Crash and aftermath of the ICO bubble, with lots of scams.
- 2019: 41
- 2020: 14 - surprisingly low taking into account the deep March crash, but probably overshadowed by COVID in general.
- 2021: 47
- 2022 (so far): 24

It really is surprising so few articles came out in 2022, above all due to all the "energy consumption discussion" (bitcoincleanup, European Union PoW ban discussion, etc.). I would almost suspect the site isn't up to date when it comes to new articles.

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November 04, 2022, 05:01:32 PM
 #5

There is always going to be a spread in FUD and that is how people usually manipulate the price and make sure that it’s going to be to the direction that they want whether it’s a long position or a short position. It also depends on what media in how many audience there is in that particular media scene.

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November 04, 2022, 05:03:11 PM
 #6

Yet people ignore the thing that there are lot of huge companies that recognizing the technology behind it, it's a slowly transition to be adopted so I think we're on the right track if we are having these hate in the space.

It really is almost surprising the few articles came out in 2022, above all due to all the "energy consumption discussion" (bitcoincleanup, European Union PoW ban discussion, etc.). I would almost suspect the site isn't up to date when it comes to new articles.
I think that's the use of the "Submit an Obituary" feature on the site.
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November 04, 2022, 05:05:08 PM
 #7

I think there would be more death in the future for bitcoin lol. I rarely engage in such discussion or arguments same people that tells me that Bitcoin is dead are same people who ask me about how the can get more when the bull runs begins.

Such statistics won't be relevant to me except for historical research. The crypto-currency world can't take serious words from people who choose to be bias and creating FOMO for no tangible reason at all.
That said it there is such stats for the death of Bitcoin then there should be a reverse stats for when Bitcoin disappointed haters.

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November 04, 2022, 06:22:53 PM
 #8

This is good as a reference for those who continue to hate bitcoin, as a confirmation of the fact that bitcoin has gone through. I have found one of many sources to explain to them, that bitcoin is the best investment and similar asset that has gained a capitalization of one trillion dollars in 10 years, even though it has been considered buried many times by certain people. Sometimes we don't want to discuss the greatness of bitcoin with stupid people, because indeed they like stupidity and consciously reject the facts about the greatness of bitcoin.

Technological developments do not make them aware that bitcoin has reached the moon, even though the history of bitcoin's journey is so easy to find on the internet today. I passed one medium that said bitcoin had died time and time again. Even oddly enough, there are some idiots who don't believe in bitcoin, yet they acknowledge blockchain. Isn't this a simple level for us to understand bitcoin.

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November 04, 2022, 06:35:05 PM
 #9

I think that's the use of the "Submit an Obituary" feature on the site.
The issue seems to be that less people submit obituaries in those times. Maybe because newer generations of Bitcoin users don't know "classic" Bitcoin-related websites like 99bitcoins anymore (which was created in 2013/14 and had for example also during some time the most comprehensive list of Bitcoin-accepting shops). And older Bitcoiners became rich and are busy on their private islands driving their Lambos Cheesy

It's of course also possible that Bitcoin has already been around for such a long time that predicting a "death" isn't that easy anymore. But I had expected more just because of the cleanupbitcoin.org discussion (the website only was set up in March 2022) which got recently a boost again due to Ethereum's Merge (which in some newspaper articles I read was very much hyped to the point a "flippening" and subsequent slow decline of BTC was predicted. But we know now it had, very much unexpectedly, almost zero influence on the ETH/BTC exchange rate).

There seems to be a sort of competitor:

https://buybitcoinworldwide.com/bitcoin-is-dead/ (previously seems to have had an own domain, bitcoinisdead.org, which is now a redirect to it)

Don't know if they use the same data source. Seems pretty similar, maybe it's simply a copycat.

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November 04, 2022, 07:31:46 PM
 #10

As far as my knowledge on how people have been given all manners of names to call bitcoin being dead over the years but yet to my surprise the obituary never got announced by anyone, shouldn't this taught us a lesson, why do we think whenever all expectations is high and everyone scared of loosing it all then comes in all manners of media news that bitcoin is going down, this same stir has roar of recent during last month dip before bitcoin finds it way to maintain $20k, by now we shouldn't got things like this to be our main focus of distraction.



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November 04, 2022, 09:18:29 PM
 #11

Seems easy to bury something you've no idea what is about. I remember I had read some of these old articles in the past, and I realized that most authors weren't in the technical context to begin with. This one is a great example, in which from the entire paragraph, I only stand agreed with the hoarding aspect. At least, as long as we're in a fiat standard.

There were, and are, more politically proper approaches such as that of apenwarr's in May 2011, who, besides being fundamentally incorrect in some parts, is making it clear that he prefers letting a few bureaucrats having control over the supply of money, instead of a gold standard.

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November 04, 2022, 09:50:31 PM
 #12

Incredible that such a relatively young asset can take such a beating, so many times but still keep coming back & hitting new ATH’s.

It’s almost as if we might just be on to something special, after all these years Smiley

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November 04, 2022, 11:42:36 PM
Last edit: November 05, 2022, 12:22:26 AM by Zlantann
 #13

Seems easy to bury something you've no idea what is about. I remember I had read some of these old articles in the past, and I realized that most authors weren't in the technical context to begin with. This one is a great example, in which from the entire paragraph, I only stand agreed with the hoarding aspect. At least, as long as we're in a fiat standard.

There were, and are, more politically proper approaches such as that of apenwarr's in May 2011, who, besides being fundamentally incorrect in some parts, is making it clear that he prefers letting a few bureaucrats having control over the supply of money, instead of a gold standard.

Maybe some of the authors of these Bitcoin obituaries might have died but the currency is still living big  Grin. This reminds me of the lack of knowledge of most government officials mostly from the Central Bank of my country about cryptocurrencies, but they still make policies that covers its transactions. I keep wondering how ignorant economist that lacks understanding of Bitcoin operations would always be the first to throw the first punch at the currency without considering the consequences of their actions. They should keep organizing the burials, while Bitcoin would keep gaining from their cheap attention seeking publicity.    

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November 05, 2022, 04:02:35 AM
 #14

At this point, it isn't that interesting anymore. Bitcoin has been declared dead and buried so many times that any news of FUD of Bitcoin dying and its addition to the very long list of Bitcoin obituaries does not anymore spark a fun discussion. It is also not anymore interesting to find patterns of the price or its reaction every time a death declaration is released. After all, it is declared pretty much all throughout Bitcoin's existence. FUDs of its death were spread when its price was in cents and then when it was in tens of dollars and then when it was in the thousands and even when it was just a little below its ATH.

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November 05, 2022, 04:54:53 AM
 #15

- 2020: 14 - surprisingly low taking into account the deep March crash, but probably overshadowed by COVID in general.
I think it is actually not surprising at all because the same propaganda machine that produces FUD about bitcoin (aka the obituaries) was focused on a different subject back in 2020 that took all their strength. They were focusing on an attempt to convince people that bitcoin price is directly correlated with US stock market. The attempts partially failed because bitcoin started rising back up when US stock market was still struggling which proved that like the prior 12 years there is no correlations whatsoever. But it partially succeeded because people tend to believe whatever they read on mainstream propaganda media without thinking.

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November 05, 2022, 12:24:18 PM
 #16

I think I've seen something similar before, but this chart is very nice. It's not surprising to me that it's ben proclaimed dead so many times, but I think it's good that the peak is behind us. The early years don't really count as there haven't been many obituaries not because of a strong belief that Bitcoin isn't dead but simply because few people knew about Bitcoin or cared about it at all. Then we see a big MtGox spike, and the peak of 2017-2018. That was a hard time, as many truly thought this was the end and that there's no way Bitcoin can cost $20k again. And now, just a few years later, many are whining about such a low current price of $20k.
I think the 2020 count is low because Bitcoin recovered fairly quickly and because Bitcoin was overshadowed by bigger things. And lately, there have been fewer proclamations of BTC's death due to, I believe, fewer people believing that it really won't recover this time. The public trust in Bitcoin is growing.

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November 05, 2022, 12:52:20 PM
 #17

Bitcoin has yet been dead after many death calls in its history. I shared some similar point of view in my previous topics.


To wipe out the fear of Bitcoin death, people should read an article "The bullish case for Bitcoin"; in short term pay attention on the Fear and Greed Index chart; and look at past records for Bitcoin entry / exit profitability.


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November 05, 2022, 01:09:23 PM
 #18

This has been the case many times like whenever the prices are down we see negativity spreading out in the market with all these obituaries hundred of times and what have they gained over all these years? They just spreading FUD that it will not rise again with little dumps also without any base and ignoring volatility completely but you should also ignore them as same and keep investing in btc at that time to secure your profit in the future.

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November 05, 2022, 01:11:24 PM
 #19

This reminds me of the lack of knowledge of most government officials
There's definitely lack of knowledge from officials, but cryptocurrencies are rather understood-- in theory at least. I'm sure that Lagarde, Powell, Yellen etc., know very well what's that about, and that's why you won't see them calling it a ponzi scheme (as it's an objectively incorrect assertion), but rather you'll see them naming it "speculative vehicle", which is true; bitcoin is a speculative vehicle, just as every asset out there. Everyone's greedy; everyone wants gains.

Their assertions are very much based on their interests, and that's why they're hostile with bitcoin, and essentially hide, or misinform about their mismanagement. In such feudalistic system, it's reasonable for feudalists to defend the printer.

I keep wondering how ignorant economist that lacks understanding of Bitcoin operations would always be the first to throw the first punch at the currency without considering the consequences of their actions.
Not all no-coiner economists are ignorant. Some are very settled with it. Keynesian economists for example justifiably don't go well with it.

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November 05, 2022, 02:27:37 PM
 #20

From what history has been telling us, Bitcoin has died hundreds of times. In fact, it was deemed to be born dead but it is still alive and kicking.

For me it has always been, when the "Bitcoin is Dead" FUD is reaching its highest peak, is the time to buy. This, for me, is one of the best signs you can get!

      

Always remember, after a Big storm, there is always a period of Bonanza.
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