Is bitcoin dead?

[Inotanewbie]

When most everyone says it is dead, only a few diehards remain, that will be the bottom in the price and we will rise again from there.

It is a positive sign that some people are starting to think it is dead. Unfortunately there are still too many idealistic fanboys who think it is not dead (they provide the wrong reasons for justification, e.g. decentralized consensus is a joke and a lie) and they need to lose their money first buying BTC at these nosebleed levels.

Bitcoin will never die, it was declared dead more times than George Bush was called stupid.
You need to differentiate bitcoin, and bitcoin price, because you obviously got confused between the two, but regardless, i can assure you that both of the two are live and ticking,
and will continue to do so for a long, long time (..and they made bitcoin transactions happily ever after- That long)

cheers

This is it above, how many times has bitcoin been declared dead on this forum to many for you to be able to give me a credible answer but i know it is alot as does anyone who has been around. The only thing that is dying OP is your faith in bitcoin not the coin itself the coin is doing better than it has been for ages it is just so many are complaining because we are not rocketing over the moon. So what about that this is more about price decline and all the rest of that crap this is about change.

[waterpile]

If bitcoin is dead and its price is above $200, It makes me wonder what if bitcoin is alive and i wonder what its price..
bah!, Seriously dead? Companies in different are using BTC how can it be dead? It makes no sense

[specgamer]

Simple answer: NO, or not yet
The year 2015 has been very rough for bitcoins. From a price of $314 per coin on New Year’s Day it slumped 43 per cent to a low of $177.
Mt. Gox, the world's largest bitcoin exchange, suddenly announced that hundreds of millions of dollars worth of bitcoins were stolen last month. This isn't the only one. But I believe in the future bitcoin and other cryptocurrency will still have a prominence and potential to "rebound" back into the economy.

[hellocandyass]

Look at the price steadily increase.

[elmeda]

Bitcoin will never dead why are you saying this ? I don't think the bitcoin value is in the price but in
the privacy , freedom , fatest ,,,

[Inotanewbie]

Bitcoin will never dead why are you saying this ? I don't think the bitcoin value is in the price but in
the privacy , freedom , fatest ,,,

That is right you hit the nail on the head my friend!

Why can all newbies be as sharp as you,  he is saying this because he has watched his 500+ buy in drop to these lows and he is focused on the moneys not the hope it gives which is a shame.

[gentlemand]

The ecosystem that got bitcoin to where it is today is dying off and rightly so. The sheer number of early pioneers who have either scammed, been jailed or done a runner is truly mind boggling. Most exchanges, almost all securities and countless schemes and wallets have fucked up.

The blockchain is lovely. It doesn't count for much if the services that surround and enable it are all shit. As a base principal communism is quite appealing. It's the human factor that makes it an unbearable reality.

We're transitioning from the original pool of scum to a more professional setup. The early believers are either hanging in there or are wrung dry. It needs fresh blood. They'll only be convinced when there's something to be convinced by. I think that's coming day by day.

[elmeda]

The ecosystem that got bitcoin to where it is today is dying off and rightly so. The sheer number of early pioneers who have either scammed, been jailed or done a runner is truly mind boggling. Most exchanges, almost all securities and countless schemes and wallets have fucked up.

The blockchain is lovely. It doesn't count for much if the services that surround and enable it are all shit. As a base principal communism is quite appealing. It's the human factor that makes it an unbearable reality.

We're transitioning from the original pool of scum to a more professional setup. The early believers are either hanging in there or are wrung dry. It needs fresh blood. They'll only be convinced when there's something to be convinced by. I think that's coming day by day.

I don't think so bitcoin users still in develop each day .

[iamback]

When most everyone says it is dead, only a few diehards remain, that will be the bottom in the price and we will rise again from there.

It is a positive sign that some people are starting to think it is dead. Unfortunately there are still too many idealistic fanboys who think it is not dead (they provide the wrong reasons for justification, e.g. decentralized consensus is a joke and a lie) and they need to lose their money first buying BTC at these nosebleed levels.

Bitcoin will never die, it was declared dead more times than George Bush was called stupid.
You need to differentiate bitcoin, and bitcoin price, because you obviously got confused between the two, but regardless, i can assure you that both of the two are live and ticking,
and will continue to do so for a long, long time (..and they made bitcoin transactions happily ever after- That long)

cheers

This is it above, how many times has bitcoin been declared dead on this forum...

Both of you need to learn how to read. I did not write that Bitcoin is dead. In fact, I wrote that it will bottom when most idealistic fanboys think it is dead. Then it will rise with new focus that is more realistic. Again the decentralized consensus idealism is not true. The OP explained for example that mining is not decentralized.

When most everyone says it is dead, only a few diehards remain, that will be the bottom in the price and we will rise again from there.

It is a positive sign that some people are starting to think it is dead. Unfortunately there are still too many idealistic fanboys who think it is not dead (they provide the wrong reasons for justification, e.g. decentralized consensus is a joke and a lie) and they need to lose their money first buying BTC at these nosebleed levels.

So your theory is that after very few people are left using/hoarding bitcoin, suddenly bitcoin will become relevant again?

The timing of the old false idealism dying and some new realism taking form seem to be roughly aligned for no particular reason other than they are. It's just time.

Well actually there is a reason they are aligned. And you refer to the links I posted in my first post in this thread. And to this one as well:

https://bitcointalk.org/index.php?topic=355212.msg10687107#msg10687107

As for the technical and market adoption realism coming to Bitcoin, please refer to one of those prior links I provided wherein I stated that the only two markets for Bitcoin are "speculation" and "nefarious" activities. I provided a detailed explanation there.

[Agestorzrxx]

Bitcoin has been predicted to dead many times.
But none of them are realized.
Every time bitcoin get more stronger.

[Quartx]

Bitcoin has been predicted to dead many times.
But none of them are realized.
Every time bitcoin get more stronger.

Exactly this, every single time bitcoin crashes it gets back up on its feet pretty quickly too

[iamback]

Exactly this, every single time bitcoin crashes it gets back up on its feet pretty quickly too

And from lower and lower lows...

The price is not getting stronger.

The realism is getting stronger, but we still have a lot of these illogical fanboys to destroy first.

[iamback]

Just because its going lower, doesn't mean thats the end of bitcoin. Success is not always measure in the price it has.

Add another person who can't read:

Both of you need to learn how to read. I did not write that Bitcoin is dead. In fact, I wrote that it will bottom when most idealistic fanboys think it is dead. Then it will rise with new focus that is more realistic. Again the decentralized consensus idealism is not true. The OP explained for example that mining is not decentralized.

[tee-rex]

Don't be too greedy and trying to manipulate the price OP

Meh, no interest in crap like that. The only bitcoins I ever got were a few back when you could mine profitably with GPUs, and a few more in exchange for services. Never bought any with real money and don't plan to. What I am interested in is if anyone serious still sees a future in bitcoin, and if so, what they're reasons might be. That's why I started this thread.

Even if bitcoin is dead by now (but how can it actually be dead if it is worth almost 300$ per coin?), the idea behind it is certainly not dead. I mean an idea of digital gold, something that can't be emitted according to the whimsy of a wicked government (read a group of interested persons).

Besides that, the dollar is on the rise, and it would be highly interesting to see it collapse.

[Bardman]

The biggest problem with bitcoin right now is all the scams, in this forum for example 95% of ponzies are a direct scam, ponzi itself is a scam. A good amount of casinos are a scam aswell, altcoins pretty much the same, most of them are pump and dump some others are just shit. The exchanges getting hacked. All this doesnt encourage new people to accept bitcoins and its understandable

[Agestorzrxx]

Exactly this, every single time bitcoin crashes it gets back up on its feet pretty quickly too

And from lower and lower lows...

The price is not getting stronger.

The realism is getting stronger, but we still have a lot of these illogical fanboys to destroy first.

You should choose a longer time scale.
Not the recent month.

[iamback]

Exactly this, every single time bitcoin crashes it gets back up on its feet pretty quickly too

And from lower and lower lows...

The price is not getting stronger.

The realism is getting stronger, but we still have a lot of these illogical fanboys to destroy first.

You should choose a longer time scale.
Not the recent month.

My time scale started back when it as $1000 in late 2013 and it has been falling (lower lows) ever since exactly as I predicted.

[MAsterV]

BITCOIN IS NOT DEAD ... it's just being born...

JUST GOING THROUGH THE TROUBLES...

[Bardman]

One question. Bitcoin could theoretically die if its price goes too low right? Because mining would be not profitable anymore, without mining there would be no transactions and that would be the end, am i wrong or am i right

[iamback]

One question. Bitcoin could theoretically die if its price goes too low right? Because mining would be not profitable anymore, without mining there would be no transactions and that would be the end, am i wrong or am i right

Go back to Bitcoin 101 class.

As miners exit, the difficulty drops, so one earns more coins with the same computing power. There is always an equilibrium point above 0 miners.