Bitcoin isn't dying, it's alive.

[CryptoPanda]

Lol I find it funny that this is even a valid topic. How does the current price of bitcoin determine if bitcoin is dying or not? Bitcoin is a volatile currency, the price has never been stable. There have been worse bearish seasons in the past and we recovered from it and went up to 60k$. No one was making such comments when the market was high, check the wall observer thread we were all anticipating bitcoin at 100k$. That didn’t happen, we still believe it will happen though.

Bitcoin's existence depends on our needs, as long as we still use it daily, it will always exist even if bitcoin drops below $100.

That’s not entirely true though it’s theoretical accurate judging from the white paper and the vision of Satoshi Nakamoto but in reality the problem remains that people in the bitcoin community do not like spending their bitcoins or use them to pay for products/services. Everyone is bent on hodling their bitcoins till they drop dead. It’s now a thing of pride to be able to hodl through the bearish and bullish markets. To be honest I think we need more people like Lazlo for bitcoin to reach that breaking point.

[BitDane]

I believe the op's expectations of $30-40 by the middle of next year are reasonable, as well as the eventual $100k target. There is no guarantee that this will happen, but it's realistic, given that the bear market has been going on for a while and more than 6 months from now is a big amount of time.
I do also agree with buwaytress that spenders matter because they legitimize Bitcoin as money, show that it is used this way. So we should never tell people who want to spend BTC (not panic sell BTC) during the bear market that they shouldn't.
But hodling instead of panic selling is a good advice.

Holding is a good suggestion that must be applied when the market continues to fall, panic will not solve the problem, panic will only make our assets disappear when selling at low prices and of course, it will be detrimental.

I agree, unless we are still at profit where we can sold our holdings at a profit and buy again when the market crash, we must hodl when the market is crashing.  When we see the value of BTC crashing, as long as we don't sell, we only see paper loss which can be recovered when Bitcoin price surge again.

This bearish 6 month has been a sign that bitcoin will hit a bull market again soon. Whoever becomes a diamond hand by holding on as hard as he can gets a lot of benefits. the $100k target as the OP said is not wrong, it's entirely doable or not, but I believe bitcoin is over $100k.

Not soon, I think we can see the sign of Bitcoin bull either 4th quarter of 2023 or 1st quarter of2024, some months before the halving.

[glendall]

no one knows where bitcoin will go in the end, will it survive or will it continue to decline and the trend will fade,
with complete trust in bitcoin it will all exist and survive. it's true what you said holding bitcoins to the maximum value is the best right now,
lastly, why do you believe in elon musk as a determinant of the value of bitcoin, all of that is not affected by elon, but the current price is because the world is in a crisis so people are selling assets for the sake of future survival

[crunck]

Everyone is bent on hodling their bitcoins till they drop dead. It’s now a thing of pride to be able to hodl through the bearish and bullish markets. To be honest I think we need more people like Lazlo for bitcoin to reach that breaking point.

Nobody holds bitcoin to death, just because we're in a bear market people don't use it but when the bull market comes everyone is profitable you will see bitcoin used a lot. It's stupid to hold bitcoin without selling under any circumstances, we are here for profit, not looking for poverty. Sell your bitcoins when you reach your goal. Bitcoins are useless if they are just left in the wallet and not used.

[Kelvinid]

no one knows where bitcoin will go in the end, will it survive or will it continue to decline and the trend will fade,
with complete trust in bitcoin it will all exist and survive. it's true what you said holding bitcoins to the maximum value is the best right now,
lastly, why do you believe in elon musk as a determinant of the value of bitcoin, all of that is not affected by elon, but the current price is because the world is in a crisis so people are selling assets for the sake of future survival

I will tend to agree that Bitcoin will never be here and still be valuable forever but I see this is not the main reason to say it was the end of its journey. I was very optimistic about it because of my experience in the last bear season where I even say it was one of the worse scenarios in the market. But I'd never give up trusting this project nor I was afraid of the future because I was ready to face the crisis the same thing I did in the past.
Elon Musk is even saying the rise is coming, I guess that was true.

[Iranus]

Lol I find it funny that this is even a valid topic. How does the current price of bitcoin determine if bitcoin is dying or not? Bitcoin is a volatile currency, the price has never been stable. There have been worse bearish seasons in the past and we recovered from it and went up to 60k$. No one was making such comments when the market was high, check the wall observer thread we were all anticipating bitcoin at 100k$. That didn’t happen, we still believe it will happen though.

Bitcoin's existence depends on our needs, as long as we still use it daily, it will always exist even if bitcoin drops below $100.

That’s not entirely true though it’s theoretical accurate judging from the white paper and the vision of Satoshi Nakamoto but in reality the problem remains that people in the bitcoin community do not like spending their bitcoins or use them to pay for products/services. Everyone is bent on hodling their bitcoins till they drop dead. It’s now a thing of pride to be able to hodl through the bearish and bullish markets. To be honest I think we need more people like Lazlo for bitcoin to reach that breaking point.

You may be right, most of us come to bitcoin for profit, not for the technology that bitcoin gives us. If bitcoin didn't volatility or didn't rise in price, a lot of people would give it up. But with people just trying to buy and not sell or not use them at the moment, it shows that there is a huge demand for bitcoin holdings. As long as more people know about bitcoin and the demand increases while the supply is limited, the price increase is unstoppable. Bitcoin price will continue to increase in the future.

[EarnOnVictor]

Of course, Bitcoin is well alive, and it would not die because it is the revolution we have been waiting for in payment solutions. The coin would always have its challenges, some of which have been witnessed in full in the past, yet the coin remains standing firm. All I believe is that it has its dynamism at which it moves, and it loves to observe some sort of cycle that might be unable to be perfectly explained.

Above all, it must have hit the bottom of its bearish leg now, the bullish leg that would last for over 1.5 years would soon start. The anticipated global economic recovery would help it further.

[Tazzy4050]

Bitcoin is indeed growing. Don't look at the price, as that is not indicative of the growth or lack-thereof.
Whilst many people will argue against the indicator below, I always look at transaction volume growth for new systems as good short-term indicator (2 years) to understand if the technology is growing or not. So Bitcoin is not going to be dead, it’s alive

Factors that affect Bitcoins are:

1. Media influence.
2. Government Regulations.
3. BTC demand & supply.
4. Stability of the BTC network.

Now, we have already seen the effects of Media influence & Government regulations, although they are short lived.
BTC network has been stable so far and I do not see its bubble being burst in the near future.
And the demand & supply has increased tremendously in the past 6 months.
Understanding these 4 factors and staying updated on such trends can make you a better BTC trader. You can easily analyse when the prices are going to fall or rise on your own.
And BTC will be alive as of now and in the near future.

[kamvreto]

Not soon, I think we can see the sign of Bitcoin bull either 4th quarter of 2023 or 1st quarter of2024, some months before the halving.

it is the moment you have been waiting for once every 4 years when the market is bullish again and reaches the latest ATH. Moment Halving is a moment that will provide many benefits. The price of bitcoin right now is probably still very cheap, holding it from now until the next halving occurs, I think will provide many benefits. Holding Bitcoin and some of the top altcoins would probably be a good recommendation, but it should be noted that the selected altcoins really have to be researched to find out their progress and use money that is ready to lose because the risks are also greater.

[Jon_Hodl]

Bitcoin Is Undead. It's neither living nor dying.

It's just a financial zombie that keeps moving forward regardless of what the world around us does.

The price and speculators are all noise. The signal is the block height and with each new block that gets mined, we move one block closer to the next halving and one step closer to hyperbitcoinization.

If you just focus on growing your own stack in any way that you can, then we will eventually buy up all of the coins on exchanges and the true price for bitcoin will be revealed when all of the exchanges are exposed as insolvent.

Just stay humble and stack sats. That's all we have to do to win.

[Cookdata]

We can see the price of Bitcoin is going down gradually but no one wants to understand it depends on your stock market it is also a digital currency through digital transactions and it is currently in bad condition Elon Musk said in 1 reply on Twitter.  Bitcoin is as cold as winter you have to wait for this of course bitcoin price may go up at the end of this winter so be patient everyone.  So if we all wait and if we all hold on to what we have, it's going to get $30,000 to $40,000 by the middle of the year and get to a very good price and it could get to a hundred if we hold it tight, so everybody's disappointed.  Let's save Bitcoin by holding instead.

Can we just have a bitcoin moment we used to have like the days Elon and other Institutional investors weren't here, it is hard to see bitcoin updates associated with one or two influencial person which is really bad, if you come to bitcoin because you like someone, I'm sorry to say that bitcoin is not for you.
Elon has literally sold almost his bitcoin, I don't know why he still runs his mouth to drag bitcoin even when MicroStrategy owns more bitcoin than him, they added about 2,500 today and you hardly see them tweet unnecessary tweets for bitcoin, he has had his time, he should rest. I don't blame him, they sold one of the biggest bitcoin platform for him to run his mouth like tap.

[Kiresiura]

We can see the price of Bitcoin is going down gradually but no one wants to understand it depends on your stock market it is also a digital currency through digital transactions and it is currently in bad condition Elon Musk said in 1 reply on Twitter.  Bitcoin is as cold as winter you have to wait for this of course bitcoin price may go up at the end of this winter so be patient everyone.  So if we all wait and if we all hold on to what we have, it's going to get $30,000 to $40,000 by the middle of the year and get to a very good price and it could get to a hundred if we hold it tight, so everybody's disappointed.  Let's save Bitcoin by holding instead.

Bitcoin has existed and will always exist. To continue to believe in BTC, invest and accumulate as much as possible during the bear market, and the price will definitely get higher and higher as the supply decreases. Funding will double after crypto winter is over.

[BarbieCasino]

for sure bitcoin is not dying. only price going down if we look at the history of bitcoin. the price of bitcoin always gone 10 time high after every four years because of halving of bitcoin and after that the price gone down. this time it also gone down but it will go up in 2024. bitcoin will never die it will be alive for life time This time the price will be incease to 1 million.

[KingsDen]

We can see the price of Bitcoin is going down gradually but no one wants to understand it depends on your stock market it is also a digital currency through digital transactions and it is currently in bad condition Elon Musk said in 1 reply on Twitter.  Bitcoin is as cold as winter you have to wait for this of course bitcoin price may go up at the end of this winter so be patient everyone.  So if we all wait and if we all hold on to what we have, it's going to get $30,000 to $40,000 by the middle of the year and get to a very good price and it could get to a hundred if we hold it tight, so everybody's disappointed.  Let's save Bitcoin by holding instead.

You have to understand that there is difference between bitcoin and the price of Bitcoin. What is happening is that the cryptocurrency industry is in the bear trend which means that almost every project is running on the red lane.

After the bear comes the bull. It could be after the halving but what happened is that the price keeps fluctuating according to demand and supply. But 1 btc = 1btc.

The best anyone could do for themselves is to buy a lot of Bitcoin now that it's low by the first quarter of 2024 another set of millionaires in Dollar will emerge.

[poldanmig]

We can see the price of Bitcoin is going down gradually but no one wants to understand it depends on your stock market it is also a digital currency through digital transactions and it is currently in bad condition Elon Musk said in 1 reply on Twitter.  Bitcoin is as cold as winter you have to wait for this of course bitcoin price may go up at the end of this winter so be patient everyone.  So if we all wait and if we all hold on to what we have, it's going to get $30,000 to $40,000 by the middle of the year and get to a very good price and it could get to a hundred if we hold it tight, so everybody's disappointed.  Let's save Bitcoin by holding instead.

Since bitcoin got its highest price of $ 67K in 2021, slowly bitcoin seemed to crash and fell to the current price level of $ 16K, you can imagine how much loss we would get if one of us bought bitcoin when ATH happened, but I think few of us are really feeling hopeless right now even though there are some of us who may have lost a lot of assets on the market, the decline in bitcoin that has occurred has forced us to continue to hold back at least until the price really recovers, even though I don't have many bitcoins but I personally still keep believing that bitcoin will triumph again so that's why I will continue to hold bitcoin.

[ilovealtcoins]

for sure bitcoin is not dying. only price going down if we look at the history of bitcoin. the price of bitcoin always gone 10 time high after every four years because of halving of bitcoin and after that the price gone down. this time it also gone down but it will go up in 2024. bitcoin will never die it will be alive for life time This time the price will be incease to 1 million.

I also believe bitcoin will hit 1 million in the future and that's why I won't sell any of my bitcoins even in the upcoming 2024 bull season.Bitcoin will never die, it only dies when our need is gone but that will never happen because of the profit it gives us, we will not stop using it. The lower the bitcoin price, it's our chance, don't be afraid to take advantage of it.

[solehdavid]

There will always be dips, but that doesn't mean it's dead. of course there will be dips, even long-term dips, but in the long run, I think we're just getting started. and it's important to remember that we're going through difficult times like the lockdown and the global economic crisis. and is there anything better we can replace bitcoin with right now? everything will be fine at some point, it just needs time

[lalabotax]

We can see the price of Bitcoin is going down gradually but no one wants to understand it depends on your stock market it is also a digital currency through digital transactions and it is currently in bad condition Elon Musk said in 1 reply on Twitter.  Bitcoin is as cold as winter you have to wait for this of course bitcoin price may go up at the end of this winter so be patient everyone. 

Only haters will say that Bitcoin is dying. we are not part of them. we all believe in Bitcoin, not a blind belief but we trust Bitcoin as we see the journey of Bitcoin so far. Nothing to dramatically worry. this may becomes one of the reminders to be more careful. But, nothing to worry at all. Bitcoin is experiencing bearish era, so does altcoins. Once in the bullish era, Bitcoin will rise up again. Just be patient as you said.

[noormcs5]

Lol I find it funny that this is even a valid topic. How does the current price of bitcoin determine if bitcoin is dying or not? Bitcoin is a volatile currency, the price has never been stable. There have been worse bearish seasons in the past and we recovered from it and went up to 60k$. No one was making such comments when the market was high, check the wall observer thread we were all anticipating bitcoin at 100k$. That didn’t happen, we still believe it will happen though.

Bitcoin's existence depends on our needs, as long as we still use it daily, it will always exist even if bitcoin drops below $100.

That’s not entirely true though it’s theoretical accurate judging from the white paper and the vision of Satoshi Nakamoto but in reality the problem remains that people in the bitcoin community do not like spending their bitcoins or use them to pay for products/services. Everyone is bent on hodling their bitcoins till they drop dead. It’s now a thing of pride to be able to hodl through the bearish and bullish markets. To be honest I think we need more people like Lazlo for bitcoin to reach that breaking point.

The demand of bitcoin can only determine if the bitcoin is dying or still the investors are interested in investing in bitcoin. People usually judge that the bitcoin prices dying in the bear market and they think that the bitcoin is over which is actually not a reality.

Also people want to spend bitcoin in day to day transactions but the problem is that there are not many options available and also they fear the legal actions been taken against them if they use bitcoin as a payment method which is  not allowed by many governments.

[Oceat]

Bitcoin isn't dying the only problem we have with bitcoin now is the price that sometimes going down and sometimes is high..

If you know how the market works for Bitcoin then you will understand why did all of these things are happening. You can all call I different names but it won't change the fact that Satoshi made a great innovative invention in the history. I've read a lot of "Bitcoin is dead" threads but they were all the same an investors having a significant losses and because they can't take it, they pushed the blame to the Bitcoin. It's okay if you have lost a lot in the past but make sure you always remember those mistakes and learn from them not make them as an inspiration to blame it.