Is bitcoin dead?

[oblivi]

Bitcoin keeps growing:

https://ip.bitcointalk.org/?u=http%3A%2F%2Fblog.bitpay.com%2Fimg%2Fbitpayandbitcoininfographic.png&t=550&c=49XD4dVjV4Hiww

As you can see, the price can be decieving towards the objective good news that are happening. Whales are slow-buying to keep the price down while scared clueless guys sell their cheap coins.

[1714807437]

1714807437

[1714807437]

1714807437

[1714807437]

1714807437

[rizkyhiw]

what are you talking about? bitcoin dead?
its panic someone who just know to bitcoin, after decreasing price bitcoin will go to the moon.
im really sure bitcoin will be worth $1000 .

[flyingplows]

Bitcoin will not die because of price, I mean asic mining can die because of price but not bitcoin itself. Bitcoin will die if it will not improve (size of blockchain ,etc) , not gain mass adoption and some crypto coin or even more bizzare representation of value comes forward and will look so good that everybody jumps to it. Either way i think crypto is the way to go and even if bitcoin dies it will be because we have something even better. 

[vrm86]

Bitcoin will not die because of price, I mean asic mining can die because of price but not bitcoin itself. Bitcoin will die if it will not improve (size of blockchain ,etc) , not gain mass adoption and some crypto coin or even more bizzare representation of value comes forward and will look so good that everybody jumps to it. Either way i think crypto is the way to go and even if bitcoin dies it will be because we have something even better. 

If mining is over how would be blockchain secured? More that, wide adopted bitcoin will need adequate amount of hashrate.

[thejaytiesto]

Bitcoin will not die because of price, I mean asic mining can die because of price but not bitcoin itself. Bitcoin will die if it will not improve (size of blockchain ,etc) , not gain mass adoption and some crypto coin or even more bizzare representation of value comes forward and will look so good that everybody jumps to it. Either way i think crypto is the way to go and even if bitcoin dies it will be because we have something even better. 

If mining is over how would be blockchain secured? More that, wide adopted bitcoin will need adequate amount of hashrate.

There will always be people mining. If everyone leaves mining, it would mean whoever is left mining will make tons of money, therefore we will never reach that point. Bitcoin is indestructible, get it through your thick skulls.

[redsn0w]

Reply for the OP, just for fun I have find this site : http://www.isbitcoindead.com/

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. ... 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?

I disagree with your conclusion because we are still in an "experiment" bitcoin as "currency" is  only ~6 years "old".

Bitcoin securities have always been and still are a complete mess, with a near 100% failure (scam/fraud/incompetence/etc) rate.

It is not a bitcoin problem, it is a third party problem. The hackers are attacking the exchange, the web wallet .... not the bitcoin protocol itself.

[xmasdobo]

I keep hearing bitcoin daily everywhere i go in my friend's hedge fund office, most people are definitely paying attention.

[Gyfts]

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.

That's part of the problem though. These big exchanges announcing that millions of Bitcoin are stolen is not good for the concept. What person would want to adopt the currency knowing that a corporation can be taken down by hackers?

[innocent93]

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.

That's part of the problem though. These big exchanges announcing that millions of Bitcoin are stolen is not good for the concept. What person would want to adopt the currency knowing that a corporation can be taken down by hackers?

Yes, the biggest problem of all is security, hackers is everywhere in Bitcoin, personal wallets can be hacked, even the biggest exchanges could be hacked too.
If people get involved with Bitcoin, security problem can be quite costly. Why people would use a currency that can't even be safe.

[Bonam]

Is it really hackers though? My impression has been that many of the biggest / most notorious failures of major players in bitcoin have been due to the operators of a "business" either running a scam from the beginning, running an honest business for a while but then deciding to run with the money, or just being plain incompetent and failing. Karpeles ended up with how many millions after Gox was "hacked"? Pretty easy to "hack" something if you're the one running it. In other words.. it's not the hackers, but the businesses themselves, that are the problem.

I'm as much a fan of small government and individual freedom as the next person who tried out bitcoin, but the reality seems to clearly indicate that regulation and oversight is needed.

[CryptoStake]

During this coin is still mined and people are still many who use it, I think bitcoin will not be that easy to die.
Bitcoin prices fell and the price rises are used, there is no correlation between the death bitcoin with prices stagnant and down.
As well as other matters relating to the technical and safety issues for bitcoin itself, I think it will not be that easy

[twn]

everyday more people entering this world. more people getting bitcoins.more news spreading around the world. i think its just born. maybe in future its not going to be most usable coin but its sure gonna be the god of the coins

[bitbunnny]

It's not dead, you can't stop it anymore. But there have been and there will be periods of time when BTC is a bit down and looks like has no future but it will rise again.

[Agestorzrxx]

Bitcoin can't be dead, It's decentralized, that means no one can kill it.
It's like a virus, you may weaken it, but can't kill it.

[tee-rex]

Bitcoin can't be dead, It's decentralized, that means no one can kill it.
It's like a virus, you may weaken it, but can't kill it.

The fact that no one can kill bitcoin doesn't in the least imply that it can't die on its own. Furthermore, regarding viruses, which you obviously set forth as an example of invulnerability, you are pretty much incorrect too, since a smallpox virus (one of the deadliest viruses in human history) has been completely eradicated and is no longer naturally occurring.

[Enzyme]

It seems as if it is, but it really isn't.

I've spread the word of cryptocurrency across many friends. Some of whom, now own Dogecoin.

[deisik]

It seems as if it is, but it really isn't.

I've spread the word of cryptocurrency across many friends. Some of whom, now own Dogecoin.

Dogecoin seems to be by far more convenient for everyday life (insomuch as this is possible for cryptocoins in principle). It is cheap as dirt (specifically making it so was a right decision), transaction costs are ridiculous while confirmations are almost instantaneous (in comparison with time it takes to confirm a bitcoin transaction)...

[operrajunk74]

At present it doesn't seem that its dead.. but can't say about future at present the value of bitcoin is increasing day by day and each and every country has started to accept it as a mode of payment so i think for next 5 to 6 years its gonna be on booming stage.

[torrentheaven]

I dont think its dead.  and it would never be  Its the future.. I wont wonder if it becomes a traditional currency over a period of time. it exists since last 5 years but its on the growing stage at present and it will having a higher value then USD.

[romjpn]

Dead, no.
But I think Bitcoin will need to fight against other technologies based on the blockchain but more centralized. We can see that banks and Western Union are adopting Ripple. While startups are more into Bitcoin.