Is Bitcoin Still Dead?

[Zlantann]

Yet today, I saw the image above and it suddenly got the question into my head, Is Bitcoin still dead? We've all seen how Bitcoin has weathered through all the critics and FUD to breaking above USD 70,000 steadily since the beginning of 2024. There's all indication it's headed toward USD 100,000. What are you all thinking about these feet.

Many anti-Bitcoin forces will always come up with different attacks on the currency. Each time the sector has any major problems such as the FTX issue, it usually receives massive media coverage because they intend to give Bitcin a bad name. Many people and organisations that predicted the death of Bitcoin might have died or gone bankrupt but Bitcoin is getting stronger and bigger every day. Bitcoin is a major force in the global financial system, nothing can kill it. The price of Bitcoin is unpredictable but I believe it would get to $100k, anyone who buys now could make some profit. However, it would have been better if you had bought it before now.   

Should those who didn't buy all along dare to jump in or would you recommend going for ALTs as the rising of Bitcoin often drag along the altcoins. Let me hear your thoughts?

I am not a fan of altcoin and don't have any interest in it for now. It is better to invest in a coin that is reliable and has stood the test of time. Many altcoins end up becoming scam projects, so it is better to stick to Bitcoin.

[BABY SHOES]

Bitcoin dies when there is no more internet... Bitcoin didn't die and what word "still" do you mean?
I've seen people sending bitcoins offline in the past, whether this is real or not all we know is that bitcoin will live on if the internet is still there.

People who think bitcoin is dead are those who don't like this coin when the price drops dramatically, they will fry bad opinions to the media, this is often what they do in order to launch people not to trust bitcoin anymore, people like to dislike the best bitcoin like now.

You know how cycles happen? When ATH then will become bearish this is a common thing after all we know bitcoin is volatile the price will rise and fall drastically then when you have been in bitcoin for a long time you will understand and not question "is bitcoin dead".

[headingnorth]

If you understand what bitcoin is you will never say it will die. Altcoins are garbage heavily manipulated by insiders and VC companies so I would stay far away from that garbage.
You can't be decentralized and trustless when things are controlled by a handful of venture capital insiders manipulating the price.

Because of the way it functions Bitcoin cannot be controlled by anybody that is why Bitcoin is so unique and different from the thousands upon thousands  of garbage altcoins.
Bitcoin is more than a fad or trend it is a revolution in monetary technology.  

[BlackHatCoiner]

Is Bitcoin Still Dead?

Absolutely. Sell, sell, sell! It will die soon! Just when it "died" from $69k to $16k in 2021, or from $20k to $4k in 2017, or from $1300 to $200 in 2013! It will repeat. We will experience another "death", so you should disembark as soon as possible. You don't wanna be here when we fall from $300k to $80k. Poor things, Bitcoiners!  

Edit: Ahh, the Bitcoin Obituaries part 3: https://www.youtube.com/watch?v=OrfrT2L48p4.

[GeorgeJohn]

Many times I've missed the opportunity of buying Bitcoin dip because of media sentiments. In 2022, when Bitcoin was $17,168.57, which would have been a good time to build a larger holding,

I don't know exactly what this post is teaching us, because the caution alone triggers my anger when I encounter the stuff, but in norms what I want us to understand is every have it own intellectual quotient to elaborate of bitcoin base on its perspectives, secondly..op you should know bitcoin system for long ago base on your profile..People that have known Bitcoin the time you notice this forum is a professor in bitcoin, you have mastered when is good time to invest in bitcoin and when is not good to invest in bitcoin...

I remember this disgusting phrase “Bitcoin is dead” They used it on our heads several times over many years to spread fear and panic, but they failed. Yes, there are many who became frightened and got rid of their Bitcoin, but now they inevitably cry over the precious opportunity they lost.

This cycle, investing in Bitcoin is no longer very profitable because we are approaching the peak, although it is still possible to collect some profits, but not like those who invested from the beginning. Regret will befall all those who believed the rumors and did not overcome their fear.

Previous investors of bitcoin and people who establish their own investment now is same..when bitcoin was established its few people that invested in Bitcoin in 2010 and 2012, 2013 and 2014, that's the same time that will happen In the future, because as bitcoin is at seventy thousand [70k] currently, it will be something of the pass, and the price will hit two hundred thousand [200k], remember that whosoever that invested now will be of benefit when the price will hit two hundred thousand [200k] in future, so both the people that invested when the value bitcoin was low and people that decide to invest now the price is at 70k will still make profit...provided that bitcoin will continue to be in existence making profits for it's investment will remain constant..

Is Bitcoin Still Dead?

Absolutely. Sell, sell, sell! It will die soon! Just when it "died" from $69k to $16k in 2021, or from $20k to $4k in 2017, or from $1300 to $200 in 2013! It will repeat. We will experience another "death", so you should disembark as soon as possible. You don't wanna be here when we fall from $300k to $80k. Poor things, Bitcoiners!  

Edit: Ahh, the Bitcoin Obituaries part 3: https://www.youtube.com/watch?v=OrfrT2L48p4.

It's obvious that value of bitcoin doesn't remain stagnant and that's while it's unpredictable, I could remember the time the price of bitcoin hits sixty nine thousand [69k] and the price of downgrade to twenty-five thousand even twenty thousand on the dot...so if the price doesn't fluctuates the market doesn't balance....now the value is on seventy thousand in value, and it can not be surprise you wake tomorrow see the price on forty thousand, its possible because the future of Bitcoin is unpredictable and the figure variation can be change at any point in time due to the demands of the market and it's supply.

[Smartvirus]

Many times I've missed the opportunity of buying Bitcoin dip because of media sentiments. In 2022, when Bitcoin was $17,168.57, which would have been a good time to build a larger holding, some claimed Bitcoin was on the road to irrelevance others said it was dead. I could understand and agree with them because the value of bitcoin had peaked at USD 69,000 in November 2021 before falling to USD 17,000 as at the mid-June 2022.

You don’t become rich by not trying, you don’t get there by listening to only one side of the story, you don’t become a successful investor by doing what the majority are doing or seeing from the majority part of view and you don’t become a hero by running away from the danger.

Even when you hear all these negativity, am sure there were those telling their part to the story, to the market, giving all there analysis as they sow fit and with the Bitcoin market to prove that there wasn’t anything unusual as well.
Today Bitcoin has risen to $72.5k and it’s still bound to rise. It will dump no doubt but, don’t be deceived by Forbes and the media when you see it at a low, see that for a buying position.

[letteredhub]

Many times I've missed the opportunity of buying Bitcoin dip because of media sentiments. In 2022, when Bitcoin was $17,168.57, which would have been a good time to build a larger holding, some claimed Bitcoin was on the road to irrelevance others said it was dead. I could understand and agree with them because the value of bitcoin had peaked at USD 69,000 in November 2021 before falling to USD 17,000 as at the mid-June 2022.

The question you asking in your title should be a question for you to give an answer to today looking at the price of bitcoin with a new highs. You probably out of FUD failed to drill yourself through bitcoin historical charts to understand that after any any bull run season is done with, price will always give new investors room to buy the dip and the dip isn't something we're certain on at what price it will hit before bouncing up again but we all understand that after a long bear market comes a bullrun and a circle. Sadly you choosed to hold on to FUD stead of holding bitcoin.

[KingsDen]

Is Bitcoin Still Dead?

I have seen that many people actually misunderstood the Op. He was just being sarcastic. Even without reading the body of the post or seeing the attached image that has bitcoin at 70k, you will still understand the post only if you wish to understand.

However, to those bitcoin killers, bitcoin might not be dead in their eyes for now, but after the bull run, when the bear market starts again, bitcoin will be dead once again. As long as the industry is concerned and there's always a bear after the bull, the bear market will always be the obituary of bitcoin to those who don't know what bitcoin is about.

[AprilioMP]

Too often reading writing or often hearing the opinion of famous figures who are not interested in Bitcoin can make us able to trust their logic. I am not the longest person like a Bitcoin supporter but I have every writing and opinion that I have heard about Bitcoin from those who do not want to be involved in Bitcoin are inversely proportional after I experienced myself when involving myself with Bitcoin.

FTX and ETF two events that I will remember in storage memory that Bitcoin will never die and one day there may be more incidents and other positive events that can make Bitcoin continue to survive with positive values because as a decentralized currency, the only The most successful in my opinion is Bitcoin.
Bitcoin Currency Freedom that provides space for benefits for anyone without any intervention from anyone for its use.

I want to make bitcoin for investment, so that's my right because I can't use it as a currency for payment.

[Dzwaafu11]

Many times I've missed the opportunity of buying Bitcoin dip because of media sentiments. In 2022, when Bitcoin was $17,168.57, which would have been a good time to build a larger holding, some claimed Bitcoin was on the road to irrelevance others said it was dead. I could understand and agree with them because the value of bitcoin had peaked at USD 69,000 in November 2021 before falling to USD 17,000 as at the mid-June 2022.

This is one of the reasons why people always advise you guys that DYOR is very important. It is the method that will make you decide on your own without regretting it at the end of the day. It is very bad of you to follow what you see online and make a decision about bitcoin investment or believe that bitcoin is dead.

However, these shows by that you saw these news that you do not know anything about bitcoin and other cryptocurrency because if you do, you won't be convinced by these reasons, the fact that anybody who is not new in the cryptocurrency knows well that bitcoin is the father of any other coin that will come into existence. You see that bitcoin is rising and multiplying, and you are now regretting your action back then, although it was your ignorance that led you to do that, so I won't blame you for such an action. But I believe next time, when it comes to things like these, you will ask and study the thing they are talking about before you take action.

After that time, the value had fluctuated around USD 20,000. And the same media claimed it was an artificially induced last gasp before the road to irrelevance.

All these are not enough for me to even believe that the media was the one that made you make the wrong decision because if they were the one who made the wrong decision early this year when people were investing in bitcoin, where did it go? Last but not least, I can say that FOMO is what pushes you to create these threads, not really that these things happen; it is real. It was just for a year. Why don't you invest all these past years that bitcoin gains more recognition? I think you should have wisely made the investment, but due to FOMO, you are now trying to regret your action and trying to cover it up.

Someone who really wants to invest should listen to anyone, as long as the owner of the funds is just DYOR and asks what they don't understand. People will explain, and you will be a successful bitcoin investor.

[Altcoiner007]

Many times I've missed the opportunity of buying Bitcoin dip because of media sentiments. In 2022, when Bitcoin was $17,168.57, which would have been a good time to build a larger holding, some claimed Bitcoin was on the road to irrelevance others said it was dead. I could understand and agree with them because the value of bitcoin had peaked at USD 69,000 in November 2021 before falling to USD 17,000 as at the mid-June 2022.

After that time, the value had fluctuated around USD 20,000. And the same media claimed it was an artificially induced last gasp before the road to irrelevance. It seemed true as the FTX  bust had sent the bitcoin price to well below USD 16,000.

Later in 2023, Forbes headline crushed the confidence of many Bitcoin enthusiasts, saying if ETFs managed by asset managers are too successful, they will completely destroy bitcoin. Other sentiments like Bitcoin has failed on the promise to be a global decentralised digital currency and is still hardly used for legitimate transfers and that the approval of an ETF doesn’t change the fact that Bitcoin is not suitable as means of payment or as an investment.

Yet today, I saw the image above and it suddenly got the question into my head, Is Bitcoin still dead? We've all seen how Bitcoin has weathered through all the critics and FUD to breaking above USD 70,000 steadily since the beginning of 2024. There's all indication it's headed toward USD 100,000. What are you all thinking about these feet.

Should those who didn't buy all along dare to jump in or would you recommend going for ALTs as the rising of Bitcoin often drag along the altcoins. Let me hear your thoughts?

Bitcoin for sure isn't dead, but it's not that alive either if you'd ask me. The reason why it's in this state right now is because of the massive anticipation that people have over the upcoming halving, and the subsequent ETF approvals that bitcoin has been under in the past few months. These are good, but I'm not necessarily seeing these things as sustainable hypes that would propel bitcoin and the crypto industry towards a massive bull run.

The price is inflated as we speak and we may very well see a massive correction at the end of the run but at the same time, it's gonna take a couple while before they stand down and sell. It may not even come because there's no real selling pressure right now which may force these holders to hold off on the tight fists and let go of their positions in the market.

Bitcoin's definitely up for a massive increase soon as the bullrun officially commences, but til then, we'll just have to make do and be prepared for all things, the market's grueling and cruel as we all know, and a single tap from the outside world could literally send it spiraling towards a massive crash, we have to be prepared for when that happens.

This is very insightful! You see, there's load of lessons in what you just shared. It means those who are excited about the Bitcoin price pump but without the knowledge of the impending price correction maybe before or after the halving may just be hit with a surprise and it might not be a pleasant experience for the most of them. It calls for research and some quality learning about Bitcoin and blockchain technology before focusing on it profitability potential. Thanks for sharing your thoughts

[Hamza2424]

It's the news publications from various media outlets that is a major contributor to the fear in the heart of those who would have wanted to venture into investing in Bitcoin however, those calling Bitcoin dead aren't winning. Every day, new people adopt cryptocurrency and use Bitcoin in a way. It's a currency they're failing to see the potential.

OP first of all this is not like that, always on every development some concerns arise but it never means that those developments are gonna hit Bitcoin's market permanently any black swan event cant permanently damage the market, yeah it can influence the market for a period similarly this ETF narrative these days many concerns but people are Bullish on it and this is influencing market for a huge upward rallt to new ATH and it also won't be permanent market will take correction from a certain point.

If you understand what you've said there's no point in discussing this topic. Also, I'm confused with the OP just read his replies and thread does  it make any sense, I just want to ask a single question, what this your stand now it will clarify your intentions and view about this topic because everything is messed up for now, you missed opportunities and still asking should I go for altcoins, and media is saying blah blah Bitcoin is dead (That's the whole summary for now.).

[Youngkhngdiddy]

Many times I've missed the opportunity of buying Bitcoin dip because of media sentiments. In 2022, when Bitcoin was $17,168.57, which would have been a good time to build a larger holding, some claimed Bitcoin was on the road to irrelevance others said it was dead. I could understand and agree with them because the value of bitcoin had peaked at USD 69,000 in November 2021 before falling to USD 17,000 as at the mid-June 2022.

After that time, the value had fluctuated around USD 20,000. And the same media claimed it was an artificially induced last gasp before the road to irrelevance. It seemed true as the FTX  bust had sent the bitcoin price to well below USD 16,000.

Later in 2023, Forbes headline crushed the confidence of many Bitcoin enthusiasts, saying if ETFs managed by asset managers are too successful, they will completely destroy bitcoin. Other sentiments like Bitcoin has failed on the promise to be a global decentralised digital currency and is still hardly used for legitimate transfers and that the approval of an ETF doesn’t change the fact that Bitcoin is not suitable as means of payment or as an investment.

Yet today, I saw the image above and it suddenly got the question into my head, Is Bitcoin still dead? We've all seen how Bitcoin has weathered through all the critics and FUD to breaking above USD 70,000 steadily since the beginning of 2024. There's all indication it's headed toward USD 100,000. What are you all thinking about these feet.

Should those who didn't buy all along dare to jump in or would you recommend going for ALTs as the rising of Bitcoin often drag along the altcoins. Let me hear your thoughts?

That's why I'll always advice people against listening to those who claim to be crypto whales, and falling for the wrong advise, if only you seized the opportunity when you had the chance to, you would've made a lot of profits currently and  even though you had invested just a $100 you would've gotten more than 5x that amount currently, i bet you didn't have any idea about the halving back then if not you wouldn't had made such mistakes of considering the drop in price and focus on what you stand to gain in the halving.
 Well when Bitcoin was about 60k i speculated that it could get to the point it is currently and instead of sellling back then i even Hodl and acquired more, cause of the messages from most forum members about the Bitcoin halving and the little research i did concerning it, well we've all seen how it set an ATH to 70k plus in this current month of march, which means in the coming month, it could head towards 100k or more, left for me, i feel there could be a retrace before the halving and i think you could seize the opportunity to acquire BTC if it occurs.
 However there are some good Altcoin with good potential that's speculated to attain 100x in the upcoming halving, that you could invest on but instead of giving you a list of some few Alts i invested, I'll advice you DYOR research concerning them. But my advice to those that invest at the right time, Hodl! Hodl!! Hodl!!.

[EarnOnVictor]

Should those who didn't buy all along dare to jump in or would you recommend going for ALTs as the rising of Bitcoin often drag along the altcoins. Let me hear your thoughts?

Hahaha...Just as I like to say, most of these big names that people often like to idolise are unnecessary, maybe they do not know much about the Bitcoin market, I do not know, regardless, what I do know is that no amount of negativity will make Bitcoin yield, the blockchain mechanism that Bitcoin brought would not allow that that to happen. I have read big names talk rubbish about Bitcoin, but we can see what is happening now, it means that Bitcoin has effectively put them to shame and we have seen about $73,000 already, and we will soon see $100,000 speedily. The issue now is that all these happened before the halving, and I am bothered about it. Well, this is a new era for Bitcoin and one thing I can be happy about is that it has disregarded the past history pattern or should I even say put those who are always kin to history to shame.

I warned about this since I joined Bitcointalk but it seem that most people are adamant here, but I do not care. All my predictions are always happening as forecasted, not even a bit of it has been missed so far it is long term. Going forward, those who would still want to profit from cryptocurrency may not be smart if they opt for bitcoin henceforth, the price is too high and they will not profit much unless they can risk it through futures trading. In the absence of this, they may go for the altcoins but should be so careful in their selection. With that, they can still make x5 profits or more.

I wish everyone all the best!

[Essential10]

Why do you say, Is Bitcoin Still Dead? Bitcoin is not dead Bitcoin is still pumping. OP, you may be missing a big opportunity by not investing in Bitcoin by listening to the media. I don't think you should make a second mistake. You can invest Bitcoin in this bull market hoping you will see more big bullish moments ahead. Be sure to make your own decisions when it comes to Bitcoin research rather than relying on others. Bitcoin broke its past highs before the halving, we can expect the price of Bitcoin to reach $100k or close, before the halving. After the Bitcoin halving we will experience a major bull run where Bitcoin could leave $120k. Right now I don't think good decision to get into altcoins, you can lose your money if you don't pick the right coin. So I think you will get more confidence in investing in bitcoin right now than you would in investing in altcoins.

[Phoenixtrader]

Why do you say, Is Bitcoin Still Dead? Bitcoin is not dead Bitcoin is still pumping. OP, you may be missing a big opportunity by not investing in Bitcoin by listening to the media. I don't think you should make a second mistake. You can invest Bitcoin in this bull market hoping you will see more big bullish moments ahead. Be sure to make your own decisions when it comes to Bitcoin research rather than relying on others. Bitcoin broke its past highs before the halving, we can expect the price of Bitcoin to reach $100k or close, before the halving. After the Bitcoin halving we will experience a major bull run where Bitcoin could leave $120k. Right now I don't think good decision to get into altcoins, you can lose your money if you don't pick the right coin. So I think you will get more confidence in investing in bitcoin right now than you would in investing in altcoins.

That's why it's good to to learn basic TA and FA yourself. While the media were saying BTC would hit 10k. I started accumulating when I saw BOS on 1month time frame around 24k and I nevr looked back. Had spare usdt on Bitget and binance which I used. now I'm spreading the profits gotten into eth and low capped alts..

[FinePoine0]

Due to various reasons, the price of Bitcoin fell to $15.5k in December 2022, although this was the biggest dumping. But gradually the price of Bitcoin kept pumping until today, 2023, and March 2024, the Bitcoin price set an all-time record high. Bitcoin price touched 72k which is a sky high dream for investors who invested in December end 2022 have got triple to quadruple benefit at present. So if you invest in bitcoins recovery is definitely possible so turn to bitcoin investment fast.

[Mahanton]

Due to various reasons, the price of Bitcoin fell to $15.5k in December 2022, although this was the biggest dumping. But gradually the price of Bitcoin kept pumping until today, 2023, and March 2024, the Bitcoin price set an all-time record high. Bitcoin price touched 72k which is a sky high dream for investors who invested in December end 2022 have got triple to quadruple benefit at present. So if you invest in bitcoins recovery is definitely possible so turn to bitcoin investment fast.

There would really be always that kind of negativity on the time that Bitcoin would really be kissing on the floor. If we do try to look back on which there are even people
who do have predicted or assuming that the price would be going back to $10k or even lower which do came from 69k ATH which is really that too deep.
For those people who had trusted that Bitcoin would bounce back then here's the time that they've been waiting for. If we do consider out on how many X's on which those people had gained then
its a considerable amount of profits that they had made with their Bitcoin stash.

Its been mentioned by some members on how many times Bitcoin had died but still we are breaking new all time highs as of this moment. Take note that we arent still
on a bull run yet but we did make such breaking out those new prices which it is really that great to see.

[Easteregg69]

It's at ATH. But I can't find the "unlock feature". No humor intended. Like on eth where you can unlock your dividends or some extra wealth from some scheme that is not 110 decibel. Besides doing it on arbitrary layers.


Cheers.

PS. Forgot. Nexo has the BTC dividends.

[Ticdeneb]

Many times I've missed the opportunity of buying Bitcoin dip because of media sentiments. In 2022, when Bitcoin was $17,168.57, which would have been a good time to build a larger holding, some claimed Bitcoin was on the road to irrelevance others said it was dead. I could understand and agree with them because the value of bitcoin had peaked at USD 69,000 in November 2021 before falling to USD 17,000 as at the mid-June 2022.

After that time, the value had fluctuated around USD 20,000. And the same media claimed it was an artificially induced last gasp before the road to irrelevance. It seemed true as the FTX  bust had sent the bitcoin price to well below USD 16,000.

Later in 2023, Forbes headline crushed the confidence of many Bitcoin enthusiasts, saying if ETFs managed by asset managers are too successful, they will completely destroy bitcoin. Other sentiments like Bitcoin has failed on the promise to be a global decentralised digital currency and is still hardly used for legitimate transfers and that the approval of an ETF doesn’t change the fact that Bitcoin is not suitable as means of payment or as an investment.

Yet today, I saw the image above and it suddenly got the question into my head, Is Bitcoin still dead? We've all seen how Bitcoin has weathered through all the critics and FUD to breaking above USD 70,000 steadily since the beginning of 2024. There's all indication it's headed toward USD 100,000. What are you all thinking about these feet.

Should those who didn't buy all along dare to jump in or would you recommend going for ALTs as the rising of Bitcoin often drag along the altcoins. Let me hear your thoughts?

For those who haven't bought in yet, investing at these highs carries more risk. Dollar cost averaging into a position over time is generally safer than trying to time the market with a lump sum entry.

Regarding Altcoins, When Bitcoin rallies, it does tend to pull many altcoins up as well as money sloshes around the crypto markets. Some alts, even Memecoins could present opportunities. If I'm not mixing it up, Bitget has an ongoing event for Memecoins and this is due to the fact that there's also a surge in the Memecoin arena, but like I would always advise, thoroughly researching fundamentals is key.