Is bitcoin dead??

[Irungu]

I have been following bitcoin for such a long time and at one time I entered it with some good ideas, so I looked at it, and this point it was about 17,000$ and nothing seemed to stop it, but when the time came it collapsed and it had a bottom of about 5,000$ just the other day and at the end of it , it has been trying to struggle around 10,000$ and it seems like its a little bit tired and its forcing itself to rise up , so what happens is it dead and there is time to try another coin, like ripple??

[evet]

Just because bitcoin took a dump , doesnt mean it's dead. And I dont think bitcoin is going to die. If bitcoin will die in the market, so as the other cryptos since bitcoin is the ancestor coin. A change in value of a crypto currency just proves how volatile they can be. You are thinking too much, it's how the market works, and how the traders earn

[bentura]

Total Bitcoins in circulation: 18,244,150

Total Bitcoins to ever be produced: 21,000,000

72 days for next  halving  https://www.bitcoinblockhalf.com/

 

Take your conclusions lol 

[Mwangi]

No bitcoin is not dead but very much alive but you have to put an idea of what you want perfectly well organized there is a lot of good issues of the market we have tp prove works well for all of us in so many cases . its very important we keep everything in one place and look at what happens when we are looking for new coins a coin like trx and ripple are going to be big and the best, better than bitcoin

[Ali saher]

I think this is the beauty of bitcoin price go up and go down . When I start this time bitcoin price 20k plus USD. And I saw this price go down 3200 USD . I think when price every day go up down then more invester invest in bitcoin.

[Thepug]

The issue that I think Bitcoin has is that supply and demand is constantly changing, causing the large price fluctuations. When comparing bitcoin to a fiat money, it’s more evident that bitcoin is related to illegal activity, gambling and trading.
There is also high uncertainty and it’s very easy to sell the currency, causing large booms or busts in the supply on the market.

[blueprints]

i dont think bitcoin is going to die either. IT has always had a history of having its price go up and down. So there is no need for panic or anxiety with it having gone down like a grand or two. its completly normal! long live bitcoin!

 

[sahil777]

not dead, market manipulators using this crypto to get benefit, the few people who hold 50% of bitcoins always like to play with the price when they want it high they make it high when they want it low they make it low, i am sure it will go high again and this time maybe more than 12k.

[Kariuki]

I dont think bitcoin is dead, but there is a lot of people who are trying to make heads to it, and there are so many other coins that bitcoin is basically trying and struggling to remain at the top, there is also a lot of manipulations that one can think of there are so many people out there who dont understand what to do with this amrket that we see in the saind front

[jamesbond]

Bitcoin is not dead and not going to die.  It is still the best investment and I think as it reaches its maximum mining capacity, it will surge too high and might become a major asset of profit.  So many people and so many big firms have invested in it and having big projects related to bitcoin and crypto so they will never let the bitcoin die and it will live a very long life.

[GeorgeFeb]

On 3/1/2020 at 11:43 AM, Thepug said:

The issue that I think Bitcoin has is that supply and demand is constantly changing, causing the large price fluctuations. When comparing bitcoin to a fiat money, it’s more evident that bitcoin is related to illegal activity, gambling and trading.
There is also high uncertainty and it’s very easy to sell the currency, causing large booms or busts in the supply on the market.

Come on mate, fiat is also being used in illegal activities, gambling and trading more than anything, has been for thousands of years, so it's quite a weak point! 😀

Big investors and just rich people don't really appreciate all this fuss with hacking, the latest was so huge: https://cryptopotato.com/45-million-worth-of-bitcoin-and-bitcoin-cash-allegedly-stolen-in-a-sim-hack/

One such hack can cause some fluctuations as well providing that funds were in use on the exchange!

Anywho, crypto is here to stay and whether it's Bitcoin or the other main cryptos, nothing bad would happen with them apart from the price changes, hopefully in the future with more adoption prices would become less volatile!

[HumberRolls]

I do not think that it will lower more than its price and also its price will slowly recover as a result of lowering price due to the bear market

[Magdsolieman]

Bitcoin death means the death of all other currencies, so we have not all our luck that when the price falls, the price of all other currencies goes down and when the price of bitcoin rises, then the price of other currencies rises and therefore currencies that are less than a dollar like Ripple will disappear when Bitcoin disappears and suppose that there is a currency that will replace Bitcoin is definitely Ethereum being one of the top selling and high priced currencies

[j240]

Nope bitcoin will not die , way back 2009 everyone said that it will die soon cause the world will not embrace it , 11 years and the price multiplied by folds , other crypto currencies also rely on bitcoin . Every day new innovations through crypto currency is being invented and shared. I believe in our life time this generation bitcoin will not die.

[vikkiwinner]

am also looking bitcoing since 2016 ☹️  ,  and according to my calculation soon u will see btc 10000$  after halving , its just a dump by the whales 

[Shujah]

Bitcoin cant die till bitcoin make scam, and as bitcoin will never scam same bitcoin will not be ended because it is 89% strong from all other currencies in crypto market.

[Salsa]

Hey come on...its the character of all currency that it will pump and dump frequently but it doesn't mean that the currency dead..especially for btc it never gonna happen as it the best currency guys...its usually happen with btc that it price go up and down...

[Touhid]

perhaps in my opinion the development of the crypto currency depends on the investor itself and the loss of the crypto currency can also be due to its own investors, and the loss of crypto may also be possible due to government restrictions

[nasima begum 00]

Bitcoin isn't dead. A bear market isn't the end, it's simply something short term. There are no bullish movements right now because the market sentiment remains to be negative, which is the case in all bear markets.

[obi1wan]

Disrupt is the "what is hot in Silicon Valley" conference. It was meant to be the biggest, best ever but to me it seemed pretty quiet for the exhibition of the beating heart of the new economy. Of the companies showing, nothing was especially awesome. There was little-to-no crypto in evidence; certainly it was not there as the next big thing. There was pretty much zero crypto buzz happening and there seemed to be more sighing than grinning when it came up in conversation.

Bitcoin (BTC) has crashed but it doesn’t seem like ‘the end’ to me, just a nasty pullback and a delay to the great day bitcoin runs past $20,000. It’s very ho-hum when you look at the bitcoin slumps of the past.

The missing piece for crypto remains the lack of a mainstream killer application. For the PC it was word processing and spreadsheets, for the Mac desktop publishing, for VHS and the web it was probably porn.

Crypto doesn’t really have that killer app yet. BTC the application is the digital money and Ethereum has its "security issuance" application. These in their present configuration are niche and dapps (decentralized applications) have a similar problem. Nothing looking like a mainstream market hit yet, but that is bound to come. This barren application landscape will be populated at some point, a breakthrough product is only one bedroom-coding genius away and there is a legion beavering away.

Today In: Investing

Meanwhile this is the BTC chart and you can see from my added lines that the near future looks pretty bearish:

The bitcoin chart: looking bearish

 CREDIT: ADVFN

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This is an obvious chart to draw. It could easily make you feel like selling. The trouble is not getting out, it’s getting back in that is tricky. It only takes a few days of hesitation to miss the boat when bitcoin moves up and if you get into the "market timing" game it’s hard not to be whipsawed to death or end up nursing a small profit as you watch the main chance run away from you.

Market timing is incredibly difficult, especially in a hugely volatile asset like bitcoin.

Personally, I’m not selling because I prefer to buy, hold and buy more at lower prices if they come my way. If bitcoin breaks $7,500 there will be another big drop, but we will only ever be one event away from BTC above $10,000 again, even if it falls and falls.

Yes it’s a great market to trade, if you want to play that game and you are great at it. Trade away. But if you want to invest or dump bitcoin the decision remains simple.

BTC $100,000-plus or BTC $0.

Pick your side and invest accordingly as to me there is no mid-ground. The bitcoin model appears to be unbreakable and until the day I believe it isn’t, I am in the $100,000-plus camp.

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Clem Chambers is the CEO of private investors website ADVFN.com and author of Be Rich, The Game in Wall Street and Trading Cryptocurrencies: A Beginner’s Guide.

In 2018, Chambers won Journalist of the Year in the Business Market Commentary category in the State Street U.K. Institutional Press Awards.