Another year is going to end. Bitcoin isn't dead

[SquirrelJulietGarden]

A chart means more than any word or long paragraph so let's firstly dive into above chart which was graphed by Jameson Lopp.

He made it with input data from Bitcoin Obituaries.

This summary chart presents a fact that less people wanted to call "Bitcoin is dead" with time. It is an unofficial recognition for survival of Bitcoin.

There is another website for "Bitcoin is dead" chart is Buybitcoinworldwide.com but the team behind it stopped updating the chart recent months.

[Poker Player]

It is curious that the peak of that chart is in 2017. I think that was the height of the blocksize wars, with the hard forks of shitcoin cash and others, aside from the danger of flippening that there was with Eth eating into Bitcoin. But we see after the years that the danger passed and Bitcoin continued to be declared dead without anything really happening.

Looking at the downward trend, if next year we enter the bull market as expected, the death of Bitcoin will hardly be announced.

[adaseb]

Yeah I remember how the year ended last year after Ftx went belly up. It was brutal. So many people had funds stuck on that exchange. So many people trusted SBF for some reason. For some it was that he drove the Toyota and said that he will donate all his money. Many fell for his lies.

Even those who didn’t have any funds on his exchange were hurt due to the horrible crypto prices at the time. Look at SOL price or BTC last year. It looked like we would crash below the $15k and head down to 4 digit bitcoins.

[Natsuu]

It’s funny how the bitcoin is dead concept never dies. It’s like every person person who doubts bitcoin continuously fails to convince everyone not to believe in bitcoin. It's a testament to the robustness of the cryptocurrency and the challenges it has overcome.

[Kakmakr]

Well, it might be that the competitors and shills received the message that social media FUD are not very affective any more. People do not trust everything that are posted online and they cross check the facts now.

There are also a lot of Bitcoin supporters that are monitoring the FUD that are posted and they are posting counter arguments to destroy the integrity of these shills.😜😜😜

[_act_]

It’s funny how the bitcoin is dead concept never dies. It’s like every person person who doubts bitcoin continuously fails to convince everyone not to believe in bitcoin. It's a testament to the robustness of the cryptocurrency and the challenges it has overcome.

It will never die but the people that calls it that will reduce. There see just some people that do not bother to speculate on the existence of bitcoin but prefer to just call it dead at all time. In the year 2023, as positive as it was, some people still saying such stupid words. They can continue to call bitcoin that, but all-time-high is coming which is what that matters to me and people that hold bitcoin.

[SquirrelJulietGarden]

Yeah I remember how the year ended last year after Ftx went belly up. It was brutal. So many people had funds stuck on that exchange. So many people trusted SBF for some reason. For some it was that he drove the Toyota and said that he will donate all his money. Many fell for his lies.

It's bad for people who trusted SBF and FTX exchange, stored their cryptocurrency on that exchange and failed to withdraw their coins. It's painful lesson for them but they have to move on, find other opportunities in this market. They also have to learn from their painful lessons and avoid repeating it again.

Reminder: do not keep your money in online accounts

If they did not store coins on FTX exchange, and just hodl their coins in non custodial wallets, they are good now.

I was among those who were affected by this type of news

Less exposure to social media, news will help you to have less panic, uncontrollable emotion and bad decisions.

But thanks to knowledge

Knowledge then experience do help you to go through similar fud or black swan events in future.

If you were affected by it, you will now from now, you must store your bitcoin in non custodial wallets, not on centralized exchanges.

[Promocodeudo]

No matter what happens, Bitcoin was not created to die, fluctuations may happen but the value will remain the same, time shall come when people will start being afraid of investing but that's not for me, as far as many well meaningful persons have their investments in bitcoin, I only expect Bitcoin to change in price but it's existence will not be tampered, looking at the circumstances surrounding bitcoin, you will understand that this coin has suffered so much humiliation that no other coin pass through but it still withstand the wave, some countries has banned Bitcoin transaction through banks but the acceptance of Bitcoin by the institutions that accept it was not was not sanctioned, that's to say that Bitcoin has come to stay.

[sunsilk]

We have been seeing the changes and less people or financial institutions calling it dead because there are so much adoption that's been happening on their sectors.

But see to it that whenever the bear market arrives, then this word shall come again and many of them would just love to call it dead because of how they're seeing it rapidly dumping.

People changes so, if we're seeing them changed for now. I wouldn't be surprise if that graph increases again somehow even if there's already a massive adoption.

[LogitechMouse]

This chart is very familiar. It's like how our market is moving every 4 years.

It goes up, reaches its peak then slowly goes down. Same with this one. The peak was in 2017 when China banned ICOs in their country and Jamie Dimon is saying that Bitcoin is a fraud. Very funny that after many people are saying that Bitcoin is dead, it's still here giving profits to those who are holding it, and changing the lives of some investors both in a good and bad way.

Anyway, I guess there will be a time when that phrase will never be used, or at least only a few will use it. Nevertheless, I see that phrase as irrelevant already because we've already seen that Bitcoin is still here even though many are trying to ban it. Bitcoin is here to stay like what others are saying.

[Litzki1990]

Bitcoin made its debut in 2009 and since 2009 its popularity has grown relatively every year. It is impossible to miss out on the Bitcoin market where the popularity of Bitcoin and the number of its users has grown steadily and continues to grow. Users now trust Bitcoin enough and Bitcoin has now become one of the most trusted cryptocurrencies. Bitcoin will end this year's journey between 40,000 and 45,000 dollars before the end of 2023 and Bitcoin will start a new journey in 2024. It wouldn't be surprising if Bitcoin reached its all-time high this year as Bitcoin has been very positive over the past few months. Bitcoin may not touch its highest price this year but hopefully Bitcoin will definitely touch its highest price next year.

[Dunamisx]

A chart means more than any word or long paragraph so let's firstly dive into above chart which was graphed by Jameson Lopp.

He made it with input data from Bitcoin Obituaries.

This summary chart presents a fact that less people wanted to call "Bitcoin is dead" with time. It is an unofficial recognition for survival of Bitcoin.

There is another website for "Bitcoin is dead" chart is Buybitcoinworldwide.com but the team behind it stopped updating the chart recent months.

Several times people have been talking about the announcement of bitcoin obituary and i think till ages comes there will always be a discussion on that, mostly this comes in after they have experience the bitcoin market is on the dip, the next thing you see is that the noise cease to be aired until they heard about another bitcoin market phase of season that renders it dip, one thing those kind of people lack is the understanding of what bitcoin is, a digital currency is not for a while but a lifetime use and bitcoin has come to stay as well.

[Die_empty]

This summary chart presents a fact that less people wanted to call "Bitcoin is dead" with time. It is an unofficial recognition for survival of Bitcoin.

Ignorance caused by misinformation is one of the reason why people predict the death of Bitcoin. I have also been in the category of people that predicted the death of Bitcoin. The reason was that I never knew the difference between Bitcoin and altcoins. It I common to see altcoins come and disappear or die in few weeks. That was why I thought that the same fate will befall Bitcoin. If these critics understand how bitcoin works I think they will change that death perception.

As we can see from the graph that Bitcoin education and awareness is increasing everyday which has made people to gradually change this perception. Maybe in the next two to five years , majority of the world population would have understood that just like the dollars and other leading currencies of the world, Bitcoin will never cease to exist.

We have been seeing the changes and less people or financial institutions calling it dead because there are so much adoption that's been happening on their sectors.

Many of the institutions that championed the media war against Bitcoin for many years now want to benefit from it. These anti-bitcoin forces did everything possible to destroy the coin but all the effort failed. They are now the ones that are spending money to advertise Bitcoin to the world.

[m2017]

Anyone who has been interested in cryptocurrencies for more or less a long time and without any charts and graphs knows and understands that bitcoin is not dead. And it’s true that by the end of this year, bitcoin was again the most alive of all the living. It even came to life in terms of price jumps and mempool overload. It is impossible to call bitcoin dead if queues are lining up to confirm transactions , which means at a minimum an increase in demand and need for bitcoin. In general, we see the opposite effect of the death of bitcoin.

[Mate2237]

Those who don't understand Bitcoin will like to destroy the coin but the decentralized nature of the technology keeps it outstanding stronger. And those what Bitcoin to be dead is happy whenever happened to Bitcoin but since Bitcoin can't be harm and the coin is growing day by day and they can't do anything to destroy it so they have to give up. And anyone who want your dead must plan evil against you. And there is no way those people are not planning evil against you. But karma and nemesis is always on the way to them.

The chart shows that Bitcoin was predicted to die this year but seeing Bitcoin growing stronger this year, made them to stop updating their chart and who knows they are investing in Bitcoin.

[Kelward]

No matter what happens, Bitcoin was not created to die, fluctuations may happen but the value will remain the same, time shall come when people will start being afraid of investing but that's not for me, as far as many well meaningful persons have their investments in bitcoin, I only expect Bitcoin to change in price but it's existence will not be tampered, looking at the circumstances surrounding bitcoin, you will understand that this coin has suffered so much humiliation that no other coin pass through but it still withstand the wave, some countries has banned Bitcoin transaction through banks but the acceptance of Bitcoin by the institutions that accept it was not was not sanctioned, that's to say that Bitcoin has come to stay.

I think that Bitcoin has passed that stage where we'll fear whether it'll diminish like some random altcoin that'll eventually turn shitcoin, and be dead for good. That fear must be in the early years of adoption, when people were not sure of what to make of a decentralized digital currency, that has no physical presence. Not in this present days that investors have tested and are testifying it's profitability, infact Bitcoin has proven itself to be a valued asset that can be trusted to last as long as time permits. Bitcoin bear and bull runs will always give it relevance, where more investors will want to enter and take advantage to increase their ROI.

[Dr.Bitcoin_Strange]

Another year is going to end. Bitcoin isn't dead

Apart from the fact that many other people in the world today are still skeptical about Bitcoin, those old ant-bitcoiners who stood at the point of saying Bitcoin was dead in the past years when the price got so bad got disappointed. There is definitely a lot of FUD in the history of Bitcoin, and it cannot stop because humans are designed in such a way that we love it mostly when we are only on the winning side, but each time it becomes rough and things get a bit bumpy, then we begin to complain, forgetting that there were times when it was all good with the same thing we are frowning at.

Although Bitcoin has proven to so many people how persistent it is in the crypto space, that doesn't mean that everyone is convinced; some people will still cause FUD, mostly if any bad incident erupts.

Yeah, it's yet another year coming to an end, and Bitcoin is still alive. IMO, it will definitely continue to live. What could be worse than the past price dump that Bitcoin has greatly outstripped?

 we could look at the BIG dips like this:

2011   - From $32 to $2  = 93.75%   

2013a   - From $263 to $63  = 76%

2013b   - From $1,163 to $153  = 87%

2017   - From $19,666 to $3,124  = 84%  (this one looks right)

2020   - From July 2019 $13,880 to $3,850  = 72%  or alternatively  From February 2020 - $10,200 to $3,850  = 62%

2021   - From late 2021 $69,000 to $15,479  = 87.5% and probably the one they are referring to is from early 2021 $64.5k-ish to $28.8k-ish.  = 55%

But there have been various other BIG dips in the midst of those dips.  There were many that were greater than 25%..

[DeathAngel]

Bitcoin is far from dead, let’s enjoy laughing at all the doubters, FUDSTERS & trolls who could have made life changing money if they weren’t so ignorant, arrogant & closed minded. Early adopters & innovators have & will continue to be rewarded for their bravery & critical thinking.

[Eternad]

I’m curious on how he gather data for this to come up with this chart. Is he gathering data through social media post or conducting survey with limited number of sample worldwide.

The chart makes sense though since the record high is on the date which crypto winter started then slowly decreasing when the price is already starting to recover. But this kind of data is kinda not gonna matter anymore since we all know here that Bitcoin will never gonna be dead just because the price is plummeted. Only those haters will always think about “Bitcoin is dead”.

[Razmirraz]

It’s funny how the bitcoin is dead concept never dies. It’s like every person person who doubts bitcoin continuously fails to convince everyone not to believe in bitcoin. It's a testament to the robustness of the cryptocurrency and the challenges it has overcome.

All challenges have been overcome with real proof, in fact Bitcoin is still alive and has received recognition as the best crypto asset ever. The people who always want Bitcoin to die are only a small group who are afraid of Bitcoin's existence. As long as the mining community is still mining, Bitcoin will remain alive, their activity is a vital organ that keeps the network functional and operational.

For those who have doubts about Bitcoin long term durability, they should look at market sentiment towards Bitcoin to add insight into the Crypto market as a whole. Bitcoin is still at the forefront and will always be the most sought after crypto asset by investors.