Is Bitcoin Still Dead?

[Easteregg69]

See how many meters you walk without setting new goal.

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[TheVeteranAngel]

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.

Not everyone sold their BTC because of negative news. Someone like me was forced to dispose nearly 95% of my crypto bag during COVID and even after the pandemic, things were a bit difficult to have extra money to buy as recession struck many countries. Fortunately i was able to start up by farming airdrop which really brought decent gains and then i sold them to buy some BTC. I also participated in some launchpads and launchpools events on Bitget and Binance which really helped to increase my crypto bag.

[Iamcrypticguy]

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.

Not everyone sold their BTC because of negative news. Someone like me was forced to dispose nearly 95% of my crypto bag during COVID and even after the pandemic, things were a bit difficult to have extra money to buy as recession struck many countries. Fortunately i was able to start up by farming airdrop which really brought decent gains and then i sold them to buy some BTC. I also participated in some launchpads and launchpools events on Bitget and Binance which really helped to increase my crypto bag.

In this run, looking for how to maximize gains and milk the market should be top priority.. seems we' had same plan, cos I've been on launchpools on the these platforms you mentioned especially the former... The returns has been good🚀

[Dunamisx]

Those that are waiting for bitcoin to die will still have to do same in 10 tears to come and have nothing to achieve, the more they are expecting the worse to come, the better it becomes for the network to remain more stronger against any form of attack, if government could not do so, then no one could ever try attempting, bitcoin is a digital currency everyone of us have to accept it suitability and uses in our financial economy, it mean no harm to us, but some could not just understand this, instead they are waiting for it to die.

[Sheizips]

How stupid was I to not buy Bitcoin when it was dropping to a couple thousand, well why don't I listen to my inner self?

[R1dwanRz]

Bitter was never dead and these are the terms which were used by mainstream media as well as banks sponsored media to create panic and fear amongst the Bitcoin investors. Now let's get back to your question whether you can still get into Bitcoin or not? My answer would be yes but at your own risk because usually there comes a correction after pump which we haven't seen yet, if you be actively monitoring the price then you can go ahead and it's much more preferable over Altcoin investment.

The media's never going to stop spreading false information about BTC. But deep down, we know BTC won't stop for them.. Gotta say that I didn't even give it too much attention about it. I bought portions of BTC and steadily building up my pf. It's great that altcoins are in the play too. I got into AI tokens, memecoins and some projects I got in early thru Bitget launchpad. These are the things that I can earn as well as grow my pf balance.

[FinePoine0]

The price of bitcoin has increased a lot in comparison to the current time, since you mentioned 2022 was a disaster for a bitcoin. Because of the destruction of FTX , Luna from the market and many other reasons, the price of Bitcoin has fallen the most. But it has been steadily increasing since January 2023 to create the current all-time high Bitcoin price which touched 73.2k Bitcoin price. At that time though the price of Bitcoin was very low and those who invested have achieved maximum success in the present time.

[Promocodeudo]

People can use whatever terms they want to use in describing anything but I know for sure that there was never a time Bitcoin died.
Bitcoin has been existing as a virtual money for a while now and it has never cease to exist. The only problem bitcoin always encounter is depreciation in the price which occurs due to it's volatility.

Every financial system has their problems and this problem does not occur frequently it is a seasonal stuff, so let's not be misinformed, the creation of Bitcoin has done more good than bad, bitcoin is one of a kind, the only system for now that has hedge against inflation, this alone should tell us that there are still hidden stuff about Bitcoin which may be reveal at the long run.  

[Jascrypt]

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.

I wouldn't attribute the concept of 'dead' to BTC alone. Like you said 'the bear market is more the dead season of BTC and other alt coin. I call this period accumulation zone and Bull market is the resurrection season where we make profit. I was with Solana from $50 down to $9, Ethereum from $2250 down to $900 and also stacked BGB at $0.3. All these strategic investment initiated in the bear market including my BTC holding is making to consider leaving my day job.

[kryptqnick]

The op's question reminded me of a useful website that track Bitcoin obituaries (proclamations of Bitcoin deaths). There have been 476 proclamations of death so far, but that doesn't mean anything. It's just that some people are not sure about Bitcoin, and some websites just like negative news because that's the kind of news people focus on and want to learn more about. Bitcoin isn't dead, and it never was. Each of us probably went through a time of uncertainly with Bitcoin, and some are still nervous from time to time. My time was in the 2018-2020 bear market, when I wanted to believe in Bitcoin's recovery but wasn't fully confident. But since then, I've been very calm about the price and confident about Bitcoin's great future.

[ultrloa]

People can use whatever terms they want to use in describing anything but I know for sure that there was never a time Bitcoin died.
Bitcoin has been existing as a virtual money for a while now and it has never cease to exist. The only problem bitcoin always encounter is depreciation in the price which occurs due to it's volatility.

Every financial system has their problems and this problem does not occur frequently it is a seasonal stuff, so let's not be misinformed, the creation of Bitcoin has done more good than bad, bitcoin is one of a kind, the only system for now that has hedge against inflation, this alone should tell us that there are still hidden stuff about Bitcoin which may be reveal at the long run.  

Some people use that term to create panic and make the other believe that there's no recovery will happen then they benefit from the action they have done since they can accumulate more cheaper bitcoin then save it for future.

But also there are people call that because they are been freaking out for seeing their money is slowly burning due to that correction or huge bear market condition currently happening. But they need to realize that whatever happens in the market even if there's a big dump happen bitcoin will continue to rise or recover back. So its good if they take the best action they could do since if they didn't do any action then just believe on other say that bitcoin is dead for sure nothing will happen on their investments.

[arhipova]

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?

ALTs can also give very good returns but they also come with higher risk. There are chances that you will loose all your capital if you invested in some shit coin and it has happened to many investors so probability is very high.

With Bitcoins, returns will be moderate in short time and exceptional for long term holders. Also, there is stability that you are not going to loose your capital by investing in bitcoin. Support levels are properly held in case of bitcoins.

[AnonBitCoiner]

Bitcoin is not a dead currency because if it was dead then you will never experience the rate of bitcoin to reach 72k$ but I think its your fault that you always trust those who talk negatively about bitcoin but don't ask about it from successful bitcoin investors. Bitcoin is a volatile currency and everyone knows that fact but people make good use of this volatility.

Altcoins are also good because it increases as an increase occurs in Bitcoin's value but I will suggest that your are not too late and still you can buy bitcoin if you want. Bitcoin is far better than accepting any altcoin that turn into useless coins for you therefore choose bitcoin instead of choosing any shitcoin.

[Pokapoka124]

The blogs and media houses can post headlines that suit their anti-Bitcoin agenda. Their lies do not change the facts of Bitcoin. Bitcoin was never dead. Your username suggests you favour altcoins investments over Bitcoin hence I’m not surprised that you believe that Bitcoin relevance depends on its market price. The market value of altcoins are dependent on the price value of Bitcoin. If Bitcoin goes down, altcoins do the same…exponentially.

[red4slash]

Those that are waiting for bitcoin to die will still have to do same in 10 tears to come and have nothing to achieve, the more they are expecting the worse to come, the better it becomes for the network to remain more stronger against any form of attack, if government could not do so, then no one could ever try attempting, bitcoin is a digital currency everyone of us have to accept it suitability and uses in our financial economy, it mean no harm to us, but some could not just understand this, instead they are waiting for it to die.

Because in the end something like this is difficult to happen and even impossible in the near future because by looking at the progress that is happening and the sitgma that is starting to turn around when knowing bitcoin further, actually expecting bitcoin to die just because of some news is clearly not going to be done because after all it is very difficult to happen.
Right now what really needs to be emphasised is trying to change the thought that bitcoin will die because it is something that will be very difficult to happen.

Although indeed we will not know what the future will be like but by looking at the prospects and progress that is happening at this time then indeed the probability of bitcoin dying is very low because the growth of bitcoin is actually increasing not dimming.
I think it will still be very naive for now if it does talk discordant about bitcoin especially saying they will die in the near future unless there are some situations that they do know that there are benefits they can receive when spreading news of bitcoin dying.

[skarais]

~~~

Because in the end something like this is difficult to happen and even impossible in the near future because by looking at the progress that is happening and the sitgma that is starting to turn around when knowing bitcoin further, actually expecting bitcoin to die just because of some news is clearly not going to be done because after all it is very difficult to happen.
Right now what really needs to be emphasised is trying to change the thought that bitcoin will die because it is something that will be very difficult to happen.

Although indeed we will not know what the future will be like but by looking at the prospects and progress that is happening at this time then indeed the probability of bitcoin dying is very low because the growth of bitcoin is actually increasing not dimming.
I think it will still be very naive for now if it does talk discordant about bitcoin especially saying they will die in the near future unless there are some situations that they do know that there are benefits they can receive when spreading news of bitcoin dying.

You are right, bitcoin will still grow and become more of an adopted currency as time goes on. Many countries will probably imitate El Salvador once they find out how great El Salvador is at getting returns from its investment in bitcoin and the legality of bitcoin as a legal currency there. There are many advantages to being scorned, but countries afterward may need extra consideration given that bitcoin will not remain highly valued forever.

Bitcoin will not die anytime soon, nor will it die in the long term. Of course we never know the future, especially since bitcoin is very dependent on internet availability. Bitcoin is a worthless asset without the internet, although there are options that some users can use to make transactions without the internet. This should be considered a risk rather than ignored completely.

[boyptc]

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?

It's always like this thought that's being asked and nonstop we're going to say that just buy Bitcoin. $73k is the ATH, it's too expensive?

You guys will definitely say that it's too late to get in once it reaches more than $100k, $200k or more. It's always the same story as you think that it's too late to jump in.

But in reality, you're the ones stopping yourself from having that thinking that it's too late even if it's not.

[kawetsriyanto]

You are right, bitcoin will still grow and become more of an adopted currency as time goes on. Many countries will probably imitate El Salvador once they find out how great El Salvador is at getting returns from its investment in bitcoin and the legality of bitcoin as a legal currency there. There are many advantages to being scorned, but countries afterward may need extra consideration given that bitcoin will not remain highly valued forever.

Bitcoin will not die anytime soon, nor will it die in the long term. Of course we never know the future, especially since bitcoin is very dependent on internet availability. Bitcoin is a worthless asset without the internet, although there are options that some users can use to make transactions without the internet. This should be considered a risk rather than ignored completely.

Exactly. Bitcoin continues to grow, the adoption seems more massive in each sector. Sure, even a country like El Salvador makes Bitcoin as their national investment. With the success of El Salvador investing in Bitcoin, no doubt there will be more countries to try following El Salvador later. Not sure how the regulation of Bitcoin around the world in the next few years but it seems Bitcoin be more easily accepted by all people in each country around the world.

With the fact above, it is very unlikely to see the end of Bitcoin. So it is a bit strange that OP still asked about it.
Sure, no one can guarantee the future, we don't know how internet will last. However, as long as we have internet, Bitcoin will keep growing and be used by people around the world.

[oktana]

Yes, Bitcoin is dead.
It is so dead that its current price is $73k. Bitcoin has died so many times to people. When the price is declining they say it’s dying or it’s dead. When the price is going up, the hype and increase make them FOMO in. We have very confused people talking a lot and we shouldn’t pay attention to them.

If you want to invest in Bitcoin right now, you should be ready for a long term investment because this ATH it’s setting currently may take a while to be broken.

[PrivacyG]

If there is one thing you should learn from all of this.  It is that you should not trust what the media says about Bitcoin.  They have been lying for so many years I actually wonder why in the world are people still listening to what they say.

Bitcoin is still dead, in their eyes.  In ours, it is surviving very well.