Is bitcoin dead?

[BTCevo]

Bitcoin is not dead but loosing its popularity by the emergence of altcoins.

Er, what?

Which single alt has gained any mainstream press or VC investment in significant numbers recently?

There is Ripple but that's a payment system. None of the alts out there have made the slightest splash.

Yes. All alt coin beside Ripple should be considered outright fraud (pre-mining, instant mining without letting anyone know).

Are you telling that litecoin or dogecoin as a fraud? I dont think so because their market buying and selling is always high as usual that altcoin doesnt make it fraud and still many out there that not a fraud

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[gentlemand]

Yes. All alt coin beside Ripple should be considered outright fraud (pre-mining, instant mining without letting anyone know).

There are plenty of completely legit alts but you're right, overall their track record is wretched. The ones that make the most noise are usually the crooked ones.

[umaOuma]

At present the prices of bitcoins are lowering down so feel have a belief that its dead and it wont survive in future as it is facing competition from altcoins but honestly speaking its not dead and it will be more stable in future and would be better option to invest.

[josephno1]

I believe that BitCoin will make a comeback once people in India start to learn about it. Many of the super rich upper class Indians do not know about bitcoins and in India and tax evasion is very common in India. The government in India is starting to crack down on some of the methods which might cause BitCoin to become more popular

http://www.bloomberg.com/bw/magazine/in-india-tax-evasion-is-a-national-sport-07282011.html
http://www.independent.ie/world-news/india-crackdown-on-tax-evasion-30701768.html

BitCoin is a lot easier to hide than fiat

[alh]

I believe that BitCoin will make a comeback once people in India start to learn about it. Many of the super rich upper class Indians do not know about India and tax evasion is very common in India. The government in India is starting to crack down on some of the methods which might cause BitCoin to become more popular

http://www.bloomberg.com/bw/magazine/in-india-tax-evasion-is-a-national-sport-07282011.html
http://www.independent.ie/world-news/india-crackdown-on-tax-evasion-30701768.html

BitCoin is a lot easier to hide than fiat

It seems unlikely to me that Bitcoin's long term future is secured by being a safe haven haven for tax evasion. Won't you have to un-hide some of it if you want to purchase something?

[nerFohanzo]

I believe that BitCoin will make a comeback once people in India start to learn about it. Many of the super rich upper class Indians do not know about India and tax evasion is very common in India. The government in India is starting to crack down on some of the methods which might cause BitCoin to become more popular

http://www.bloomberg.com/bw/magazine/in-india-tax-evasion-is-a-national-sport-07282011.html
http://www.independent.ie/world-news/india-crackdown-on-tax-evasion-30701768.html

BitCoin is a lot easier to hide than fiat

I Agree with that. Most of the countries are not aware about the bitcoins once the awareness level is high and once people start adopting bitcoins it will be again in great demand But people who are aware and wants to invest in bitcoins i think this is the best time to invest.

[grendel25]

Bitcoin is only as dead or alive as it is being used.  I think we're in that quiet time before another meager rise.  Or it could be a much larger rise.  For now, I'm content with the current price but who knows what tomorrow brings.

[Akbarkoe]

Bitcoin is only as dead or alive as it is being used.  I think we're in that quiet time before another meager rise.  Or it could be a much larger rise.  For now, I'm content with the current price but who knows what tomorrow brings.

i agree with you. but for now so many people using bitcoin
i think never dead and go to the moon.

[BTCevo]

Yes. All alt coin beside Ripple should be considered outright fraud (pre-mining, instant mining without letting anyone know).

There are plenty of completely legit alts but you're right, overall their track record is wretched. The ones that make the most noise are usually the crooked ones.

I guess you are misunderstood this altcoin. The one that make most noise usually crooked but its not for altcoin. See the volume of some altcoin and you know that is not crooked. Dont judge the books by its cover, you can't predict anything is this altcoin is going to the moon or not

[Mayer Amschel]

At this point it is safe to say that the feel in the BTC community is the one i experienced with the Internet in the 80's, and look at it now.

- Mayer Amschel

[AtheistAKASaneBrain]

Bitcoin is not dead but loosing its popularity by the emergence of altcoins.

Er, what?

Which single alt has gained any mainstream press or VC investment in significant numbers recently?

There is Ripple but that's a payment system. None of the alts out there have made the slightest splash.

Yes. All alt coin beside Ripple should be considered outright fraud (pre-mining, instant mining without letting anyone know).

If there is a scam altcoin that's Ripple. It just has a more serious aura because there are people with money invested in. Other than that, if you do your research you'll know the coin is a mess and another Bitcoin wannabe destined to fail.

[Fabrizio89]

Until there's a real case use for Btc in the world it won't rise i guess.. and the strenght of king dolla doesn't help. It's retracing now so we will see

[olcaytu2005]

Until there's a real case use for Btc in the world it won't rise i guess.. and the strenght of king dolla doesn't help. It's retracing now so we will see

I dont think it s related using bitcoin in the world. lately 2013 , it was 1200 $ and people or company who are using bitcoin was not much enough like today. Maybe it was just a pump who knows. But we cant despair, i belive it will find its real value day by day.

[thejaytiesto]

Until there's a real case use for Btc in the world it won't rise i guess.. and the strenght of king dolla doesn't help. It's retracing now so we will see

There are tons of case uses for BTC right now. Opening a business, sending money overseas without fees, cashing out off ATM's without a bank account 24/7, and of course a great way to store wealth outside the system. Of course we need a better approach for average joes and whatnot.

[stromma44]

No. Bitcoin is growing and getting more important.
It's not just the Bitcoin. The issue is that global banking and payment systems is fundamentally broken. Bitcoin is merely one part of general set of financial technologies that will reshape the banking system.

[Erdogan]

Until there's a real case use for Btc in the world it won't rise i guess.. and the strenght of king dolla doesn't help. It's retracing now so we will see

There are tons of case uses for BTC right now. Opening a business, sending money overseas without fees, cashing out off ATM's without a bank account 24/7, and of course a great way to store wealth outside the system. Of course we need a better approach for average joes and whatnot.

And for every stage in the adoption, the bitcoin/society formula changes and new use cases open.

[manselr]

Until there's a real case use for Btc in the world it won't rise i guess.. and the strenght of king dolla doesn't help. It's retracing now so we will see

There are tons of case uses for BTC right now. Opening a business, sending money overseas without fees, cashing out off ATM's without a bank account 24/7, and of course a great way to store wealth outside the system. Of course we need a better approach for average joes and whatnot.

And for every stage in the adoption, the bitcoin/society formula changes and new use cases open.

We still need to see average joes understanding the already existing use cases for BTC, most still see it as some strange internet money that people speculate with. With time we'll get there tho.

[Amph]

At this point it is safe to say that the feel in the BTC community is the one i experienced with the Internet in the 80's, and look at it now.

- Mayer Amschel

but the internet was something really revolutionary(for that time) and essentially without competitors, meanwhile bitcoin has fiat as a competitor, and their only big difference is decentralization, and it seems that many don't care about this

i don't want to be pessimistic here, but it's not exactly the same situation

[mrhelpful]

Well its never going to be officially dead, cause theres actually a need for it in the illegal side of business.

Just like primedice with needing it, its also a huge thing for other online casinos that accept fiat form to move most of their money through this way so its more of a need for them. Which means theres going to always be a buy order.

[Erdogan]

At this point it is safe to say that the feel in the BTC community is the one i experienced with the Internet in the 80's, and look at it now.

- Mayer Amschel

but the internet was something really revolutionary(for that time) and essentially without competitors, meanwhile bitcoin has fiat as a competitor, and their only big difference is decentralization, and it seems that many don't care about this

i don't want to be pessimistic here, but it's not exactly the same situation

The Internet had competitors in the mostly state owned telephone companies. They had monopolies, for instance on the terminal equipment, company exchanges, laying cables across property limits, and so on. They invented e-mail systems, X.400, where you had to pay by the byte. You had to kneel down and kiss their feet to get the 56 kbit/s fixed lines that the Internet relied on. There were also private competitors to the TCP/IP protocol, mostly propretary, like Netware. There were also global providers with centralized message board servers. Not exactly the same, but the competitors were there. Then, as now, they lost because they did not understand the essense of the product,  basically, the freedom required to build a solid collaborative system with many actors. The IP protocol was an invention, as the blockchain, you could say that the blockchain is a bigger invention and that it has (will have) larger consequences for humanity.