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Author Topic: Bitcoin is stronger with time, and there are less "Bitcoin is dead" calls!  (Read 866 times)
SilverCryptoBullet (OP)
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November 25, 2024, 02:43:20 AM
Merited by BlackHatCoiner (4), d5000 (2), davis196 (1), m2017 (1), Free Market Capitalist (1)
 #1

https://99bitcoins.com/bitcoin-obituaries/
https://bitcoindeaths.com/

These websites are for Bitcoin obituaries in different years and we can see numbers of "Bitcoin is dead" obituaries decrease with years.
In 2024, there are only 6 "Bitcoin is dead" obituaries.

With time, Bitcoin becomes stronger, more popular in adoption and acceptance, more governments accept it, more companies and people accept and use bitcoins, and it's logic to see a decrease of "Bitcoin is dead" obituaries.

Details of "Bitcoin is dead" with timeline.
https://bitcoindeaths.com/posts/

By year we have
2010: 1
2011: 6
2013: 2
2014: 24
2015: 29
2016: 23
2017: 93
2018: 73
2019: 40
2020: 20
2021: 39
2022: 27
2023: 14
2024: 6

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November 25, 2024, 08:27:50 AM
 #2

When it's label as "Bitcoin is dead," I assume those were the times when Bitcoin took a hard dump. But with the decreasing frequency of those claims, it’s clear the market is maturing, leading to less volatility. This was expected, especially with the rise of institutional investors pouring in billions to secure their position in the supply. The direction we’re heading in now is the right one, and there’s no reason to doubt Bitcoin’s future or think it’s overvalued.
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November 25, 2024, 08:35:39 AM
Merited by d5000 (1)
 #3

In 2026 we can expect there are more than 6 obituaries.

It's good to see that, with The US are more aggressive with Bitcoin regulation, next year will be a super mega bull season *little exaggeration, I don't think someone will dare to call Bitcoin is dead. Tongue

Peter Schiff, as a Bitcoin naysayer, is getting bullied because Bitcoin price almost reach $100K.

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November 25, 2024, 08:43:13 AM
 #4

It was never about price, it was about the utility as digital cash as designed and described in the white paper and it's been dead for a long time now.

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November 25, 2024, 09:09:19 AM
 #5

It was never about price, it was about the utility as digital cash as designed and described in the white paper and it's been dead for a long time now.
You could be right, but then again, as much as Bitcoin is very old, still though it also involved in the last 10 years, now people seeing it a store of value, sound money, or even hedge in economic turmoil. So yeah, it's getting stronger every 4 year cycle and it's obvious by now that it is too big too fall as there are countries like El Salvador who treat it as legal tender. And then the recent US election wherein Trump was elected based on the strength of him being a pro-Bitcoin candidate and that is enough to push him and win the election, thus the final catalyst for that $100k that we all been waiting to see within the end of the year. Of course, in 2026, we will see another bear market and then the whole "Bitcoin is dead" obituaries will be created again.

 
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November 25, 2024, 09:13:38 AM
Last edit: November 25, 2024, 09:38:54 AM by MeGold666
 #6

It's all nice and colorful till Tether scam company collapses and people start capitulating....

Over&Out.

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November 25, 2024, 09:39:22 AM
 #7

People who usually claim "Bitcoin is dead or will die" usually do that when Bitcoin price is on major decline. But in 2024, there's no sharp decline on Bitcoin price which makes it's not surprising there's less of such claim. Although if Trump (along with other politicians) doesn't fulfill many of his cryptocurrency-related promise or do nothing to stop law which doesn't favor cryptocurrency, there's possibility Bitcoin price could going down where those people will make such claim once again.

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November 25, 2024, 09:55:56 AM
 #8

It was never about price, it was about the utility as digital cash as designed and described in the white paper and it's been dead for a long time now.

Although, most people use bitcoin as an investment these days, but you have no problem using it as a currency for money transfers or payments. Additionally, the decentralized nature is the main factor that makes bitcoin special and this factor has not disappeared even when it is used as an investment. So instead of saying it died when it strayed from its original purpose, why not think that it became more versatile when we can use it in many different cases, not just stopping as a currency? More importantly, it has been and is benefiting us and the world, and that alone proves that bitcoin is on the right track.

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November 25, 2024, 06:49:00 PM
 #9

https://99bitcoins.com/bitcoin-obituaries/
https://bitcoindeaths.com/

These websites are for Bitcoin obituaries in different years and we can see numbers of "Bitcoin is dead" obituaries decrease with years.
In 2024, there are only 6 "Bitcoin is dead" obituaries.

With time, Bitcoin becomes stronger, more popular in adoption and acceptance, more governments accept it, more companies and people accept and use bitcoins, and it's logic to see a decrease of "Bitcoin is dead" obituaries.

Details of "Bitcoin is dead" with timeline.
https://bitcoindeaths.com/posts/

By year we have
2010: 1
2011: 6
2013: 2
2014: 24
2015: 29
2016: 23
2017: 93
2018: 73
2019: 40
2020: 20
2021: 39
2022: 27
2023: 14
2024: 6

Two things could have caused this.

1. people get tired of a madness they are doing over time and they are not getting any attention or reward over it

2. The All Time High experienced recently, they know they have been made silenced already by this alone.

Now what to watchout on, very soon we are going to be out of this current season and get into another season whereby the market may be going bullish possibly starting from next year, then when we are into the dip season as before, they may also want to see it as a means of coming back to distort the air and the media.

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November 25, 2024, 07:43:56 PM
 #10

It was never about price, it was about the utility as digital cash as designed and described in the white paper and it's been dead for a long time now.
It was about price for most of those who posted that Bitcoin was dead. It was always about the price bubble bursting and those who bought when the prices was at its peak will be bag holding without realizing any profits, so they were wrong on that.

And you're wrong about Bitcoin not being used for digital cash. Today, there are more opportunities to spend Bitcoin directly and get daily amenities you use. So it is more popular as digital cash today than it has ever been.

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November 25, 2024, 08:05:37 PM
 #11

It is kind of a bearish indicator if you ask me. I don't like to be on the same side with the majority. If most people say bitcoin will moon, it is probably the best time to sell some coins. The majority are always the laggards and they mostly lose. The more optimistic  the public becomes on btc, the more bearish I tend to become for the short term future. The Fear&Greed index works the same way. When the greed goes high, that's the best time to sell.

“Be fearful when others are greedy. Be greedy when others are fearful.” Says the master.

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November 25, 2024, 08:26:56 PM
 #12

They will come back and tell that tale again to people when Bitcoin enters the bear market. You know that all of these calls have always been in the right timeline, they wouldn't say that in a bull run because these people that call it understand the market cycle. People wouldn't believe them if they said that Bitcoin is dead when in fact it is on a bull run.

It is kind of a bearish indicator if you ask me. I don't like to be on the same side with the majority. If most people say bitcoin will moon, it is probably the best time to sell some coins. The majority are always the laggards and they mostly lose. The more optimistic  the public becomes on btc, the more bearish I tend to become for the short term future. The Fear&Greed index works the same way. When the greed goes high, that's the best time to sell.

“Be fearful when others are greedy. Be greedy when others are fearful.” Says the master.
I kind of agree with you. When people are all greedy, it's expect that the opposite might happen. And when the call of the majority tells that the pump is about to happen, you should expect the opposite as well. But that's just a nice observation out there and Bitcoin still does the unexpected so let's hope so that this isn't the indicator yet that we'll see an end for this bull run. We still have got a year for this entire run.

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November 25, 2024, 09:28:54 PM
 #13

When it's label as "Bitcoin is dead," I assume those were the times when Bitcoin took a hard dump. But with the decreasing frequency of those claims, it’s clear the market is maturing, leading to less volatility. This was expected, especially with the rise of institutional investors pouring in billions to secure their position in the supply. The direction we’re heading in now is the right one, and there’s no reason to doubt Bitcoin’s future or think it’s overvalued.
One of my friends will jokingly say that some of the people who punished these Bitcoin obituaries may have died but Bitcoin is still alive and waxing stronger Cheesy. These obituaries usually increase during the bear season because of the decline in Bitcoin price. Sometimes unfavourable government policies can also necessitate such obituary announcements. I suspect that the ban on Bitcoin mining in China would have given rise to some obituary announcements.
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November 25, 2024, 09:56:56 PM
 #14

https://99bitcoins.com/bitcoin-obituaries/
https://bitcoindeaths.com/

These websites are for Bitcoin obituaries in different years and we can see numbers of "Bitcoin is dead" obituaries decrease with years.
In 2024, there are only 6 "Bitcoin is dead" obituaries.

With time, Bitcoin becomes stronger, more popular in adoption and acceptance, more governments accept it, more companies and people accept and use bitcoins, and it's logic to see a decrease of "Bitcoin is dead" obituaries.

Details of "Bitcoin is dead" with timeline.
https://bitcoindeaths.com/posts/
Bitcoin is stronger with time because as time progresses, Bitcoin proves those that disbelieved wrong, after they expected that Bitcoin will die and the reverse became the case, and what most of these disbelievers did was, they came back and embrace Bitcoin,  we have a record number of them that criticised Bitcoin in the past and today are Bitcoin advocates. JPMorgan Chase & CO CEO ,Jamie Dimon and Michael Saylor, and so many others part of people I'm talking about.

 
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November 25, 2024, 10:15:55 PM
 #15

One area where I've really noticed bitcoin's growth aside the adoption, price, market cap and all that, is the fact that people don't panic as much as they used to. People now trust bitcoin more. They sone panic sell when they hear a rumour or when they see particular public figures selling large amounts of their coins.More people understand bitcoin now. Before, people just invest without knowing the basics. I understand that there are still people lik that now, but compared to how many they were before, it has reduced a lot.
People have seen bitcoin claim back from a heavy fall so even when bitcoin dips these days, people don't panic like they used to.

Of course I don't expect a lot of people to talk down on bitcoin during this period. They'll look very foolish calling a thing that's growing dead. But when the bear market comes and bitcoin starts dipping, trust me you'll see a whole lot of "bitcoin is dead" talks.

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November 25, 2024, 10:37:29 PM
 #16

Knowledge about bitcoin has increased that's why the numbers are decreasing rapidly. What I can say is that people reacted that much in the early years, because bitcoin was a new technology that came to change the traditional ways of doing things. So it was only natural for people who felt threatened to react that way back then. Because they lacked the proper knowledge of bitcoin, but now that they are more enlightened about bitcoin, and all their evil thoughts about bitcoin has been defeated. So there are no more lies to feed the people who cares to listen to them about bitcoin, as it has survived many years and still going strong. So when you are saying bad about a particular thing, and the thing keeps doing opposite of what you are saying, you don't have any other option than to give up.

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November 25, 2024, 11:16:48 PM
 #17

I saw the article and I think, there are a lot of random personalities on the internet that are considering saying "Bitcoin is dead" or they are bearish with Bitcoin.
I'm curious what is their basis for considering a person or entity that is qualified in their list of  Bitcoin Obituaries

Another thing is I believe there are some on the list that just manipulating the price of Bitcoin, for example, they are telling Bitcoin is dead just to make the price dump so they can buy more cheaper Bitcoins.

Bitcoin fixes it.
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November 25, 2024, 11:20:43 PM
 #18

When it's label as "Bitcoin is dead," I assume those were the times when Bitcoin took a hard dump. But with the decreasing frequency of those claims, it’s clear the market is maturing, leading to less volatility.
That is true but bitcoin will always be volatile and it will most likely still correct itself every now and then and during the bear cycle for sure there will be comments like this again. There are always comments sometimes even from big names in the financial industry going against bitcoin. But look at where bitcoin is now?
Quote
This was expected, especially with the rise of institutional investors pouring in billions to secure their position in the supply. The direction we’re heading in now is the right one, and there’s no reason to doubt Bitcoin’s future or think it’s overvalued.
We’re definitely heading to bitcoin being a mainstream currency. Soon, everyone will be aware of bitcoin and using it as well.
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November 26, 2024, 01:30:22 AM
 #19

'Bitcoin is dead' is dead.

I don't even agree with those 'Bitcoin is dead' calls within the year. What's the lowest price Bitcoin has hit in 2024? Around $40,000? That's too far from dead.

I think the legit 'Bitcoin is dead' calls are those made in the earliest years of Bitcoin. At that point, the fear that Bitcoin might not click was real. The suspicion that Bitcoin might not survive in a highly inimical setup was reasonable.

Today, such fears and doubts and suspicions are all gone. What's probably left are regrets.

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November 26, 2024, 01:56:45 AM
Merited by d5000 (1)
 #20

'Bitcoin is dead' is dead.

I don't even agree with those 'Bitcoin is dead' calls within the year. What's the lowest price Bitcoin has hit in 2024? Around $40,000? That's too far from dead.
"Bitcoin is dead"s make Bitcoin stronger, but does not cause Bitcoin death.

They called like this when Bitcoin price was a few bucks, few dollars, hundreds of dollar to thousand of dollar and now $40,000, $90,000. These calls are non-sense and they only wait for Bitcoin corrections and bear markets to make their calls.

Bitcoin does not look back many price ranges.
https://charts.bitbo.io/never-look-back-price/

Satoshi you can buy with $1 drops a lot with time.
https://charts.bitbo.io/satoshi-per-dollar/

Nothing to support "Bitcoin is dead" is valid.

YearChangeHighLow
___________________________________________
2024+124.2%$99,551$38,595
2023+155.4%$44,746$16,504
2022-64.3%$48,205$15,521
2021+59.6%$68,672$28,621
2020+304.1%$29,282$4,010
2019+90.9%$13,793$3,380
2018-73.3%$17,712$3,201
2017+1,369%$20,089$755.76
2016+123.8%$979.4$354.91
2015+34.4%$495.56$171.51
2014-57.6%$1,017$289.3
2013+5,435%$1,156$11.75
2012+183.5%$16.78$3.81
2011+1,435%$35.76$0.257
___________________________________________
Source: https://cryptorank.io/price/bitcoin/analytics

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