IS BITCOIN DEAD AGAIN?
Hey Everyone,
Have you heard the news? Bitcoin is dead again! I love the fact that some are buying into the narrative yet again. I've only been really active in the crypto space since 2016, but during that time Bitcoin has died several times and many times before. In fact there is a guy who tracks the death of Bitcoin on a chart! Which is entertaining, along with links to the well thought-out explanations of each of it's deaths. You can find it here:
Bitcoin Deaths
Each red dot on the chart links to a corresponding Bitcoin is Dead article, which is actually a pretty cool chunk of history if you want to go look at it, goes over some interesting and history Bitcoin moments.
Over the weekend Google Searches for "Bitcoin Dead" hit all time highs, and there are several articles about it.
https://cointelegraph.com/news/bitcoin-dead-google-searches-hit-new-all-time-high?fbclid=IwAR3XxUPRWp9MG1ghjnaSlDGAqTr3Yq433W6GskbynkkjNe7bon64zOQNmaA
Never to get left out of a negative Bitcoin conversation one obituary statement was written by economist Peter Schiff on Twitter. Schiff has always thought bitcoin is worthless and he has said multiple times that BTC’s price is headed to zero. Schiff’s recent bitcoin obituary called “Bitcoin Will Not Recover,” says the current crypto crash is just the beginning. Schiff’s obituary statement says:
And while this crash has been quick and harsh there is no doubt in my mind we recover again as it always does, although perhaps a bit more slowly during a Global economic cool down.
While the media and Bitcoin haters focus on the price action and FUD we continue to see adoption.
There are more Bitcoin wallets than ever, more nations approving Bitcoin as a valid exchange for value, and Wallstreet continues to try to find ways to capitalize on the crypto craze.
While it is true that Bitcoin and other crypto projects have seen a discouraging drop in price, Bitcoin is no where near dead. Let the FUD flow and continue your plans to stack Bitcoin and other quality projects. Move against the tides, while others are getting out or frightened get in.
Stay involved in Hive and LeoFinance as a support group, so you do not get overwhelmed by the negativity and hang on. If we are still in the four year cycle we are already more than 6 months into it and never has a bear season been all down. I expect some recovery from here although I am not saying we don't reach further lows, we could.. I just know innovation and adoption are still coming and crashing fiat systems could help fuel that, so don't wait for the absolute bottom, because this can turn around as quickly as it dropped.
Bitcoin is not ded.
Fair Price of Bitcoin
When The Market Dumps Get Busy
@whatsup
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Oh, it's that time again. Time to accumulate.
YEP
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IMO there is some more room before " Bitcoin is dead" :)
Too many influencers still post about "the bottom".
soon :)
And than from low dca to high dca :)
Oh shit, again?
Just let the poor thing die in peace without continuously resurrecting it over and over 😢.
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It's a lot of wishful thinking on the part of those who's financial ties are mostly in Fiat.
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yeah, I still remember how we were all happy when bitcoin hit $20k in 2018. And now the bottom is $20k. Imagine the next top now. That will be huge. Like $100k easily ! Then after a few years even $500k why not. And maybe after a decade finally $1 million, who knows. ☺
There's just so many experts saying this or that. I've not been in the crypto space for long so I don't have a lot of information.
But going by previous narratives, I've literally zoned out any negative posts on the current dip. with the growing adoption of cryptocurrencies I know we'll be back to the moon again.
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Yep, have to tune out the noise and just settle in and relax into the cycles. You're in good company here.
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I don't know how many times I've heard bitcoin was dead since I first got some in 2014. It worried me the first few times but now the pressure is on me to accumulate. I honestly feel safer in hive but I need more btc.
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I imagine the 2014 crash was pretty scary and seemed like the end. For whatever reason that seems like the scariest one with the shut down of exchanges, silkroad and people like Charlie Sherm going to jail.
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In Turkish sports media, those who write according to match results are called "score writers" instead of "sports writers". There is a similar trend in the crypto media. As the prices regressed, lower levels began to be pronounced. This situation is probably due to the fact that the predictions about extreme situations attract more attention. Those who claimed that prices will go to the moon last fall are now busy producing disaster scenarios.
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I hadn't thought of it like this before, but you are right. Saying outrageous things is often a form of getting attention.
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The "BTC is Dead" articles chart is very interesting :) But yes, BTC is not dead, it's pretty much alive and making the bears and bulls fight for it, lol!
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It's important to remember there are very powerful and wealthy people who have every motive to protect their fiat investments.
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That is right. They will do everything they can to protect their own interests.
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Bitcoin never dies, we will have a lot of fun in the next bull run.
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I'll have fun in the bear season too, life isn't an all up game. Enjoy the journey
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It's how some "financial experts" want to bitcoin to fail but it keeps growing. This time is no different. Back to the moon we go
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The "experts" are experts in fiat and highly invested in fiat as well.
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Yeah, they're trying to preserve fiat by discouraging crypto
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The big FUD has to be generated somewhere, probably by those who plan to buy the dip caused from the FUD. Just a guess.
I think of that too, how easily manipulable the markets are by "news".
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But is it?
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I'm so happy bitcoin is dead now. It means that we can once again start an uptrend in crypto. Oh the masses are so dumb...
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Everyone forgets that bear season isn't all down anymore than bullseason is all up. It's a bumpy ride and that's part of the point.
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True. All the metrics have changed, but we keep on expecting past old patterns to repeat in such an accurate mode.
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Damn and I just got rid of my mourning clothes. Time to buy more I suppose....btc that is!
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Put the black clothes away.. It's not dead yet.
:)
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The Bitcoin Dead of a thing is just another name for crypto situation 🙄 we are getting used to it and we won't be discouraged we keep buying the Dip,
Thanks so much for this infortmative write up @whatsup
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Yeah, people adapt to new prices, new market conditions and new opportunities.
The bear seasons are not all down.
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You are very correct friend @whatsup
All the media attention just attracts more people into crypto.
Those who live under the rock may finally ask what is Bitcoin?
2016 is a long time gerebd definitely, this "dead" narrative would never sto as it would always hit a new level. I'm glad to see more accounts have over 1btc in the bag, 13k is a big deal. That actually tells that crypto holders and enthusiast have grown pass this redundant claims of the ignorant.
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Nations continue to adopt and legalize, wallets are growing and the there isn't a lot of bitcoin in exchanges, we are seeing and leverage dump, and an emotional reaction.
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It's the same usual thing and we all know BTC isn't really dead. The media pundits really like to spread FUD and I have gotten tired of it after a few times in the news.
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The media is mostly owned and controlled by Blackrock and Vanguard who have huge stakes in fiat investment.
They are not interested in seeing Bitcoin thrive.
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Run for the hills!
How will the hills help? (I'm already running, but can you tell me why?)
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Because people like things when they go up. Hills are up.
Such an amazing answer.
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Like sports. You will need a bit of training or a good stomach so you can handle the ups and downs without puking.
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Haha, I love this and I haven't puked yet.
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RIP Bitcoin. That first chart is cool.
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Thank you for your witness vote!
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This statement always makes me remember that we are still in early stage of btc and we should keep buying. 1btc in a wallet always feels good
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The goal to have at least 1 bitcoin is a good one, and will pay off for many.
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The apex goal for me right now in crypto is having one btc
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I think these news are meant to discourage people from using bitcoin and cryptocurrencies, and as the vast majority of ignorant people consume these news and believe them blindly without researching, fear takes over everywhere. but the evidence shows that bitcoin is more alive than ever and still has a long way to go.
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Oh Bitcoin is dead now? Time to buy!
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It's not a bad time to buy!
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I'll be honest when people around me start saying see I told you it was all a scam that's why I buy in even heavier!
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Just as people get over hyped for the Bull Market they also get overly frightened of the Bear Market.
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A wonderful article! Get your piece of the future at fire sale prices. Just hoping that Mr. Saylor is not too over leveraged.
Haha, I like Saylor, he takes a lot of shit and looks massively depressed, but I think he'll do okay.
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Bitcoin is still waking up as we have seen nothing yet and so many are writing it off as they just don't get it yet.
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You can lead a horse to water, but you can't make it drink.
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Time to buy now 🙏
Yeah, it's pretty close I think.
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STOPYeah, thanks
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You're welcome @whatsup! Have a nice day and a nice weekend 😊👍
Ciao mio caro amico, oggi è sceso a 18.000 euro, è tempo di comprare... appena la guerra finirà le cripto risaliranno...
❤❤❤❤❤❤❤❤❤❤
@luba555