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Author Topic: Is bitcoin dead?  (Read 110806 times)
wicks
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August 27, 2015, 10:44:48 AM
 #561

Since the digital currency crashed in early 2014, consumers have been leery. So why is Israel’s bitcoin community growing, and why are venture capitalists investing in it like crazy?
zz11
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August 27, 2015, 12:45:08 PM
 #562

bitcoin is still standing strong why consider it dead though

because some people here want to buy cheap coins and spread FUD.

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August 27, 2015, 01:33:22 PM
 #563

bitcoin is still standing strong why consider it dead though

because some people here want to buy cheap coins and spread FUD.

Would you imagine Bitcoin's price to lower down to $100? This could all be possible thanks to Bitcoin XT. If that happens, I'll buy a big sum of Bitcoins and hold them for the next increase in price.

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August 27, 2015, 01:51:14 PM
 #564

Interestingly, I have heard the same from a friend. I can tell the same I have told him, too. Maybe it faces a challenge and this time a lot of people consider whether it still is reliable enough to put effort into, but we should not forget, there is a big potential in BitCoin and although I cannot tell what path it will take in the future, I am sure it would not just simply die.

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zero01
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August 27, 2015, 02:30:28 PM
 #565

if bitcoin dead, maybe we will all be very hard to earn additional income  Grin
Dotakels
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August 27, 2015, 02:45:17 PM
 #566

bitcoin is still standing strong why consider it dead though

because some people here want to buy cheap coins and spread FUD.

Would you imagine Bitcoin's price to lower down to $100? This could all be possible thanks to Bitcoin XT. If that happens, I'll buy a big sum of Bitcoins and hold them for the next increase in price.
If the price of bitcoin increase after 2 years would you keep it? Because anything can happen, so you can't say that you can keep it until the price of bitcoin goes up again.
lahm-44
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August 27, 2015, 02:52:06 PM
 #567

no...it is never dead...you can't mark this bitcoin system as dead until the whole coin exhosted from the market and no one accepts it anymore or you can say it losses its values and respectvin the economy
davids
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August 27, 2015, 03:45:37 PM
 #568

i think bitcoin will not dead, bitcoin will grow into a profitable investment and prices will be stable if more companies and governments accept the bitcoin
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August 27, 2015, 05:44:46 PM
 #569

i think bitcoin will not dead, bitcoin will grow into a profitable investment and prices will be stable if more companies and governments accept the bitcoin

It cannot get dead very easily, it will take time  Grin everyone has its own existence and life span of certain years, but at present it is in good shape and the future of bitcoins will be surely dependent on the adoption level, if the adoption level goes high, it would survive for many years, but if the adoption is not upto the mark then really difficult to judge.
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August 27, 2015, 05:58:52 PM
 #570

people should have patience if they want to see profit then must wait and watch and once the adoption level goes high the days of bitcoin will be back and it will regain its popularity but the adoption will play a crucial role.

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August 27, 2015, 09:14:44 PM
 #571

Since the digital currency crashed in early 2014, consumers have been leery. So why is Israel’s bitcoin community growing, and why are venture capitalists investing in it like crazy?

Source?

Bitcoin is still a child who the adoption is not really much than fiat, so more adoption and become a mainstream, bitcoin will alive in the future.
CryptInvest
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August 27, 2015, 09:43:36 PM
 #572

If we consider how Bitcoin idea, as an idea, he can not die. As Bitcoin currency is also just starting formation. Many exaggerate the idea of the death of Bitcoin because they want to buy cheaper.
Itun
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August 27, 2015, 10:04:28 PM
 #573

If we consider how Bitcoin idea, as an idea, he can not die. As Bitcoin currency is also just starting formation. Many exaggerate the idea of the death of Bitcoin because they want to buy cheaper.

Psh.. Technicalities  Cheesy

But on a more serious note, bitcoin has still not matured yet so volatility is expected
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August 27, 2015, 10:08:57 PM
 #574

A $ price does not dictate whether or not bitcoin is dead or not.

As long as two or more people are using bitcoin it is alive.

price going sideways for a while or going downwards

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August 27, 2015, 10:27:27 PM
 #575

Since the digital currency crashed in early 2014, consumers have been leery. So why is Israel’s bitcoin community growing, and why are venture capitalists investing in it like crazy?

Source?

Bitcoin is still a child who the adoption is not really much than fiat, so more adoption and become a mainstream, bitcoin will alive in the future.

Adoption is the key that is for sure, unless there is no adoption at higher level, bitcoin will keep on struggling and would be facing competition from fiat, So if the people are made aware and if they start adopting bitcoin as a currency than bitcoin can never be dead, and its value would keep on increasing over a period of time, but for that we need a mass adoption.
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August 28, 2015, 01:20:00 PM
 #576


Adoption is the key that is for sure, unless there is no adoption at higher level, bitcoin will keep on struggling and would be facing competition from fiat, So if the people are made aware and if they start adopting bitcoin as a currency than bitcoin can never be dead, and its value would keep on increasing over a period of time, but for that we need a mass adoption.


I don't think there'll be much 'grass roots' adoption until people higher up the food chain decide they can make use of it. If that's in place then it's fed back to regular people and it really takes off.
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August 28, 2015, 02:27:50 PM
 #577

A $ price does not dictate whether or not bitcoin is dead or not.

As long as two or more people are using bitcoin it is alive.

price going sideways for a while or going downwards

yes, the price of dollar might help in determining how the market trade and demand is, but it is certainly not something which donates what the conclusion of another currency is, especially a digital currency. In a perfect scenario and continuation of the rise of bitcoin, the price and value of 1 bitcoin would always be equal to another bitcoin. 1 BTC= 1 BTC
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August 28, 2015, 02:38:20 PM
 #578

A $ price does not dictate whether or not bitcoin is dead or not.

As long as two or more people are using bitcoin it is alive.

price going sideways for a while or going downwards

but the price dictate if bitcoin is useless or not for the majority, especially after being considered as a currency from many, if suddenly you have only two people trading it you know that the others people will not use it again, unless a major revolution happens

which can be translated in a useless currency
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August 28, 2015, 10:03:59 PM
 #579


Adoption is the key that is for sure, unless there is no adoption at higher level, bitcoin will keep on struggling and would be facing competition from fiat, So if the people are made aware and if they start adopting bitcoin as a currency than bitcoin can never be dead, and its value would keep on increasing over a period of time, but for that we need a mass adoption.


I don't think there'll be much 'grass roots' adoption until people higher up the food chain decide they can make use of it. If that's in place then it's fed back to regular people and it really takes off.

 Bingo that's what I've always said. The general public gets money exclusively from their regular paycheck. The only way to overcome their laziness & resistance to new payment systems / currency vehicles is to pay them w/ said new currency, in this case, in Bitcoin.

 Once they get paid with it in the first place they won't bother converting it to fiat if they don't have to (merchant adoption) - they'll simply use the bitcoin for their expenses. Then they get used to it, and it has become mainstream. Mass adoption achieved.

Invest in the future ; Doesn't have to be Bitcoin.
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August 29, 2015, 02:38:23 PM
 #580

A $ price does not dictate whether or not bitcoin is dead or not.

As long as two or more people are using bitcoin it is alive.

price going sideways for a while or going downwards

yes, the price of dollar might help in determining how the market trade and demand is, but it is certainly not something which donates what the conclusion of another currency is, especially a digital currency. In a perfect scenario and continuation of the rise of bitcoin, the price and value of 1 bitcoin would always be equal to another bitcoin. 1 BTC= 1 BTC
what do you mean?the price and value of 1 bitcoin would always be equal to another bitcoin. 1 BTC= 1 BTC because i only know that the value of bitcoin didn't change and only the price will change.
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