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Nautiluss
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October 08, 2015, 01:58:22 AM |
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I think it is.
Bitcoin use adoption has stalled. Media interest has dissipated. Prices have only slowly continued to decline for a long time now. Bitcoin securities have always been and still are a complete mess, with a near 100% failure (scam/fraud/incompetence/etc) rate. Mining has been concentrated in the hands of a few giant players, eliminating much of the advantage/security/democracy of thousands of individuals being the money processors. Alternative forms of online payment with US dollars (and other fiat currencies) are now cheaper, faster, and more secure than bitcoin (and of course far more usable to buy/sell real goods/services), eliminating any of its advantages as a payment system. Continued decline of bitcoin and strength in fiat currencies has put the lie to the idea of bitcoin as a store of value; there are far better more reliable hedges against inflation. Meanwhile the real economy is firing on all cylinders, stock markets are at all time highs, corporate earnings are higher than ever, unemployment is low, etc. Even amid the boom, no one cares about bitcoin any more. Bitcoin was a fad that lasted a few years, and is now on its way to being forgotten.
Thoughts? Anyone seriously disagree with this conclusion?
Might be right in some ways but there are a lot of things in this world that is unpredictable and our economy unstable might change any time. We cant say bitcoins will go extinct in the future. As far as I know it is doing pretty good today. |
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The grue lurks in the darkest places of the earth. Its favorite diet is adventurers, but its insatiable appetite is tempered by its fear of light. No grue has ever been seen by the light of day, and few have survived its fearsome jaws to tell the tale.
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Financial_Genius
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October 19, 2016, 08:44:09 PM |
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The collapse of Bitcoin have announced 89 times. The cryptocurrency was called a pyramid scheme and failed experiment. Media urged users to forget about Bitcoin, and developers - look for more promising projects. But we should not rush to conclusions. On the other hand, the dot-com bubble created opportunities for the strongest companies that were subsequently created.
Bitcoin exists seven years. Now cryptocurrency goes through the same problems faced at the time of information technology. But in many respects even in their 7 bitcoins are still no closer to a date, having a value of 13 October 1994 for the development of the Internet. it doesn't stop investors to invest incredible amounts (perhaps too large) in this area. Prospects are excellent,I read a lot about it,I decided to try to invest.More I cannot say-time will tell!
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tabas
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October 20, 2016, 03:07:09 AM |
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I don't think that the bitcoins are dead, we had alternative currencies before also. It is too early to assume the failure or success of BitCoin. The appeal of Bitcoin is finding a workaround global currency, not because Bitcoin was a better medium of exchange. We have to wait and watch for sometime, there is a bright future for bitcoins and I hope Bitcoin will never ever dead.
Well the price of bitcoin is falling but it doesn't mean that bitcoins is going to be dead that is just normal as it is a decentralized currency and doesn't have a stable price. The people who are seeing that bitcoin is dead, they are the ones who are falling their investments because of bitcoin so instead of liking bitcoins, they are hating it. |
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Dwelach
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October 20, 2016, 04:03:20 AM |
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No the bitcoin is not dead and its also not a bad currency, people are just trying to influence the bitcoin market by saying this.
Its pretty sick that people are trying this..
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Yakamoto
Legendary
 Offline
Activity: 1218
Merit: 1007
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October 20, 2016, 04:06:28 AM |
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I don't think that the bitcoins are dead, we had alternative currencies before also. It is too early to assume the failure or success of BitCoin. The appeal of Bitcoin is finding a workaround global currency, not because Bitcoin was a better medium of exchange. We have to wait and watch for sometime, there is a bright future for bitcoins and I hope Bitcoin will never ever dead.
Well the price of bitcoin is falling but it doesn't mean that bitcoins is going to be dead that is just normal as it is a decentralized currency and doesn't have a stable price. The people who are seeing that bitcoin is dead, they are the ones who are falling their investments because of bitcoin so instead of liking bitcoins, they are hating it. The price increased incredibly rapidly during the past few weeks, and it doesn;t surprise me at all that the value is going down to partially correct for an unprecedented and relatively unbacked spike. I don't think we'll dip below where we were before, however we'll like end up close to where we started from. |
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Kotone
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October 20, 2016, 04:22:41 AM |
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Bitcoin is not really dead if you guy's wishing it that bitcoin will be dead soon then sorry for that, Bitcoin is becoming stronger and stronger it keeps us living because of bitcoin some of us are really depending on bitcoin to have such amount of income every month the price increase rapidly but it always takes hard time too.
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MingLee
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October 20, 2016, 04:35:15 AM |
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The market is sliding down a bit because of the incredibly rise from what, $610(?) to what was $640, and now the market is changing back up and the value is dipping due to the market showing its bottom line.
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lllaqpt
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October 20, 2016, 07:53:45 AM |
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The market is sliding down a bit because of the incredibly rise from what, $610(?) to what was $640, and now the market is changing back up and the value is dipping due to the market showing its bottom line.
I think it's normal price fluctuations on Bitcoin. And to say that Bitcoin is still very early. Bitcoin is only beginning to exist |
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Xester
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October 20, 2016, 08:46:29 AM |
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No the bitcoin is not dead and its also not a bad currency, people are just trying to influence the bitcoin market by saying this.
Its pretty sick that people are trying this..
I actually agree with you. Many people have said that bitcoin is dead, they are actually saying it even years ago but bitcoin is still kicking and has survived many years already. So this statement that bitcoin is dead is a false statement and only delivered by people who doesnt understand clearly what and how bitcoin operates as a currency. But let us help them to understand bitcoin so they can also enjoy the benefits we have from bitcoin. |
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xht
Sr. Member
Offline
Activity: 462
Merit: 250
hey you, yeah you, fuck you!!!
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October 20, 2016, 10:06:06 AM |
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I don't think that the bitcoins are dead, we had alternative currencies before also. It is too early to assume the failure or success of BitCoin. The appeal of Bitcoin is finding a workaround global currency, not because Bitcoin was a better medium of exchange. We have to wait and watch for sometime, there is a bright future for bitcoins and I hope Bitcoin will never ever dead.
Well the price of bitcoin is falling but it doesn't mean that bitcoins is going to be dead that is just normal as it is a decentralized currency and doesn't have a stable price. The people who are seeing that bitcoin is dead, they are the ones who are falling their investments because of bitcoin so instead of liking bitcoins, they are hating it. Yes exactly due bitcoin will dominate online gambling; it is superior to all other forms of online payments. This is at least a $50+ billion industry. The current bitcoin market is under $7 billion. There is plenty of room for growth so bitcoin will never die. |
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BitAlien16
Newbie
Offline
Activity: 40
Merit: 0
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October 20, 2016, 10:09:19 AM |
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I increasingly find information about that Bitcoin has to die. Many go with Bitcoins to other alternative cryptocurrency. Invest in something else. To be honest I hate this situation. I believe in Bitcoin and I think he will live
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X-ray
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November 20, 2016, 06:17:56 AM |
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I increasingly find information about that Bitcoin has to die. Many go with Bitcoins to other alternative cryptocurrency. Invest in something else. To be honest I hate this situation. I believe in Bitcoin and I think he will live
where did you got those bunch of information?,bitcoin actually had been pronounced by so many analyzer and see the fact now,bitcoin is still alive until now and even the price is going even higher means the demand is actually much more than before,bitcoin will not die in this century |
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bryant.coleman
Legendary
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Activity: 3654
Merit: 1217
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November 20, 2016, 06:25:28 AM |
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I increasingly find information about that Bitcoin has to die. Many go with Bitcoins to other alternative cryptocurrency. Invest in something else. To be honest I hate this situation. I believe in Bitcoin and I think he will live
There are no alternative cryptocurrencies around. If you calculate the combined market cap of all these altcoins (there are around 2,000 of them), it is still less than 10% of that of Bitcoin. And almost all of them are either copycats, or pump-and-dump types. Still, there is no doubt that these altcoins are leaching a considerable number of users away from Bitcoin. |
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ardentvolcanoes
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November 20, 2016, 08:13:16 AM |
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No the bitcoin is not dead and its also not a bad currency, people are just trying to influence the bitcoin market by saying this.
Its pretty sick that people are trying this..
lmao . it seems some people are trying hard of making people worried about the current status of bitcoin lately and these sick bastards are taking it seriously, well just because bitcoin's price suddenly falls down doesn't mean it is going to die and as we can see right bitcoin looks very good and there's no signs of it almost gone.  |
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deisik
Legendary
Offline
Activity: 3444
Merit: 1280
English ⬄ Russian Translation Services
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November 20, 2016, 08:40:27 AM |
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No the bitcoin is not dead and its also not a bad currency, people are just trying to influence the bitcoin market by saying this.
Its pretty sick that people are trying this..
lmao . it seems some people are trying hard of making people worried about the current status of bitcoin lately and these sick bastards are taking it seriously, well just because bitcoin's price suddenly falls down doesn't mean it is going to die and as we can see right bitcoin looks very good and there's no signs of it almost gone. Let's agree that when the price goes down a few hundred dollars without a major rebound, as it happened after the halving and prolonged till after the Bitfinex hack in early August, people get seriously worried whether this is for real and if Bitcoin might not recover after that. It is not so much about Bitcoin actually dying without any further reservations as its price collapsing to prehistoric levels and remaining there for good. For the majority of people such course of events would mean exactly that... Namely, that Bitcoin has already kicked the bucket |
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jonpande
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November 20, 2016, 08:42:58 AM |
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Bitcoin is not going to die, because technology will always pave the way for new ideas. I think there is competition also emerging from the new digital coin that also may be hard to compete with in the future but did not die.
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Pierre 2
Legendary
Offline
Activity: 2408
Merit: 1358
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November 20, 2016, 08:50:50 AM |
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Bitcoin is not going to die because community embraced it so hard.
And it sees use even it price goes harshly down.
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CoinCidental
Legendary
Offline
Activity: 1316
Merit: 1000
Si vis pacem, para bellum
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November 20, 2016, 09:24:27 AM |
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I think it is.
Bitcoin use adoption has stalled. Media interest has dissipated. Prices have only slowly continued to decline for a long time now. Bitcoin securities have always been and still are a complete mess, with a near 100% failure (scam/fraud/incompetence/etc) rate. Mining has been concentrated in the hands of a few giant players, eliminating much of the advantage/security/democracy of thousands of individuals being the money processors. Alternative forms of online payment with US dollars (and other fiat currencies) are now cheaper, faster, and more secure than bitcoin (and of course far more usable to buy/sell real goods/services), eliminating any of its advantages as a payment system. Continued decline of bitcoin and strength in fiat currencies has put the lie to the idea of bitcoin as a store of value; there are far better more reliable hedges against inflation. Meanwhile the real economy is firing on all cylinders, stock markets are at all time highs, corporate earnings are higher than ever, unemployment is low, etc. Even amid the boom, no one cares about bitcoin any more. Bitcoin was a fad that lasted a few years, and is now on its way to being forgotten.
Thoughts? Anyone seriously disagree with this conclusion?
Yes, it's as dead as a honey badger.... Dump. Your coins immediately  |
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Techie5879
Member
Offline
Activity: 168
Merit: 11
Back from the Dead!
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November 20, 2016, 09:31:05 AM |
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No, it isnt, it has hit the highest in a few months, now one bitcoin is worth exactly 51187.44 Indian Rupee at the time of posting this. Lowest in two months I saw, it was about 44000 INR. Bitcoin is not dead in short, the price fell a bit, and now its going high up again. Just wait for the halving, and when it comes, you will see bitcoin do wonders.   |
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error08
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November 20, 2016, 09:53:41 AM |
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I increasingly find information about that Bitcoin has to die. Many go with Bitcoins to other alternative cryptocurrency. Invest in something else. To be honest I hate this situation. I believe in Bitcoin and I think he will live
There are no alternative cryptocurrencies around. If you calculate the combined market cap of all these altcoins (there are around 2,000 of them), it is still less than 10% of that of Bitcoin. And almost all of them are either copycats, or pump-and-dump types. Still, there is no doubt that these altcoins are leaching a considerable number of users away from Bitcoin. Yeah, bitcoin can't compare to any alternative coin because simply the market prefer to invest on bitcoin as the first digital currency and already have good track record, pass through obstacles and problems lead bitcoin as today it is. |
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