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Author Topic: Why does it take so long for Bitcoin to die?  (Read 330 times)
fxsurfer
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December 06, 2018, 06:24:54 PM
 #1

Given the fact that there is no underlying value behind Bitcoin, this digital token is speculative bubble in its entirety. Dutch tulips in the mid-1600s crashed to their non-speculative value pretty fast. Why does it take so long for Bitcoin to crash to its non-speculative value, which is zero?
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December 06, 2018, 07:55:26 PM
 #2

 Grin Grin Grin Grin Grin Grin Grin Grin Grin

What is the underlying value of the USD? This is only a piece of paper that we gave a value to. What is the difference between USD and BTC's underlying value? You can not hold BTC in your hand as you can with a green piece of paper with Franklin's head on it. Stop waiting for it to die because it will not happen.
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December 06, 2018, 08:17:10 PM
 #3

You are one more guy who came to spread his poison in this forum.

Why does it take so long for Bitcoin to crash to its non-speculative value, which is zero?

zero? do the following, buy a very comfortable chair, buy a lot of coffee, preferably stay near the stove so that your coffee is always hot, so you are prepared to wait until the next few years, because you will not see bitcoin worth $ 0. there are many people who are using bitcoin and they are years old, there are many projects for the future, the price may fall or rise because it depends on the demand, but that does not mean that the price is going to zero

Stop waiting for it to die because it will not happen.

This is one more guy who hates bitcoin, I wonder what he does in this forum

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December 06, 2018, 08:28:10 PM
 #4

lol, bitcoin is less than 20 years old. we should prevent teenage death by all means

on the other hand, there is a mutual feeling that bitcoin won't last that long. bitcoin keeps getting a lower new ATH. last time it's close to 20kusd, then we saw 6k now we are below 3k. who knows what would happen next?

the big players are moving cash out of crypto into other investments like real estate.

most icos too come in all form of shadiness nowadays, why won't the investors put their money somewhere else

not to mention the pump and dump market......all this put together are the cause of its downward fall
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December 06, 2018, 08:32:34 PM
 #5

Why do you want bitcoin to die, bitcoin is a great cryptocurrency and it doesn't deserve to die.Bitcoin will never die, cuz there are a lot of people who use bitcoin and they won't let Bitcoin die just like that.

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December 06, 2018, 08:53:24 PM
 #6

It sounds over dramatic for you to expect it anytime soon, maybe even ever. BTC will hold on, whether it has small community or it reaches 15k, it will preserve. My opinion is that the price of 20k was over the top and that it will never reach it again, but the reverse is expected and we will receive some stable and steady value in the spring. Again, it penetrated the market in more than one way and it is here to stay. The price that it will be able to hold to be questionable, but the existence of BTC was never a question to me.
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December 06, 2018, 08:55:03 PM
 #7

Investing in Bitcoin since last year has been extremely dangerous. Personally, I have been engaged in short-term trading for a year. I tried three exchanges. Now I’m trading on BitSeven and earn money on short-term speculation. Good luck everyone!
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December 06, 2018, 08:56:13 PM
 #8

Given the fact that there is no underlying value behind Bitcoin, this digital token is speculative bubble in its entirety. Dutch tulips in the mid-1600s crashed to their non-speculative value pretty fast. Why does it take so long for Bitcoin to crash to its non-speculative value, which is zero?

Would you mind donating your Bitcoins to me and I promise to take good care of those!!

Since the time Gold standard was abolished, all fiat currencies have become a bubble only (according to your view)! So get some rest and try to establish your statement to the fools only! I will ignore with pleasure!


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December 06, 2018, 09:09:38 PM
 #9

Given the fact that there is no underlying value behind Bitcoin, this digital token is speculative bubble in its entirety. Dutch tulips in the mid-1600s crashed to their non-speculative value pretty fast. Why does it take so long for Bitcoin to crash to its non-speculative value, which is zero?

long is relative, see what the bitcoin hype creates, it created the idea that encripted information can be valueable, and thats ok,

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December 06, 2018, 09:09:56 PM
 #10

Come on, stop saying that there's no underlying value behind bitcoin. What does its market capitalization says? fiat does have value because the government says so.

If you think that bitcoin is going to zero then donate all on your stash to a charitable institution.
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December 06, 2018, 09:50:06 PM
 #11

The demand is still there so it will not go down without a fight, there are a lot of people with strong belief in the future of digital currencies. At every dip someone will buy so the downwards spiral is a slow one

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December 06, 2018, 10:07:05 PM
 #12

Come on, stop saying that there's no underlying value behind bitcoin.
You can't stop him from posting hate threads there's a lot of them now that Bitcoin is currently on a decline. Either we iginore them or deal with their post it'll eventually go the next page anyways.

Stop waiting for it to die because it will not happen.

This is one more guy who hates bitcoin, I wonder what he does in this forum
Maybe a trader that lost a lot of money and now is here to spread the negativity.

Why do you want bitcoin to die, bitcoin is a great cryptocurrency and it doesn't deserve to die.Bitcoin will never die, cuz there are a lot of people who use bitcoin and they won't let Bitcoin die just like that.
He wants Bitcoin to die because he thinks that it shouldn't have any value which doesn't make sense. That's what i've read when I looked at his post history.



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naufals4
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December 06, 2018, 10:13:29 PM
 #13

bitcoin might never die in my opinion, because bitcoin is the most popular digital currency and ranked first on coinmarketcap.com so in my opinion bitcoin's death will be far from that

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December 06, 2018, 10:26:26 PM
 #14

Haven't you heard? Bitcoin is already dead! It has already died 329 deaths: http://99bitcoins.com/bitcoinobituaries/

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December 06, 2018, 10:29:22 PM
 #15

Given the fact that there is no underlying value behind Bitcoin, this digital token is speculative bubble in its entirety. Dutch tulips in the mid-1600s crashed to their non-speculative value pretty fast. Why does it take so long for Bitcoin to crash to its non-speculative value, which is zero?

Tulips too many years, the rich were always trading the tulips for their flower value
What the morons were trading was 'onions'

Much of what your told about tulip-mania, is ignored in fact its much like BTC

The RICH sell BTC, the little people HODL ( buy the onions )

...

South sea bubble is probably better example as it lasted a long time and had many collapse and rebound just like BTC

Because South-Sea could be recapitalized by GOV & FIAT,... in order to bring 'investors' ( suckers ) back in,

Issac Newton, genius of all time lost his life savings on the second dead-cat bounce of SS, he even said "I can calculate the most advanced math over any man on earth, but I can I can be swindled by common fools."

Genius does not protect you from PONZI insanity that's why they call it "Madness of the Crowds"

... PET ROCKS didn't DIE, why should BTC die? There will always be "Collectors" ( HODL'er survivors who wait for the return of christ ( satoshi ) )

BTC is 10 years old, it will go for +20 years, but IMHO the people in +20 who HODL and count their BTC will be looking at a parity > $1USD value, of course the USD will be long gone, .. so by then it will be BTC/OZ-GOLD, ... probably micro-gram of gold, a speck, if lucky,

But btc will never go away, as people will continue to mine for the fun of it, of course eventually say in 10 years, it will be so easy to crack a bitcoin key, that there would be no point in leaving anything more than 0.001 on an address,

The funniest thing, is people will 'steal' from each other and sweep each other, they'll probably see more segwit, or even higher levels of protection, but it will all be cracked in time.
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December 06, 2018, 10:29:42 PM
 #16

yes, you are right, bitcoin is not based by anything, but BTC is a digital currency innovation that cannot be influenced by the global crisis, BTC also has very good development, and can make everyone interested in getting it.

and this is what makes BTC survive in a long time, BTC has very good credibility. so, BTC will not die before the BTC is legalized from the world.

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December 06, 2018, 11:07:18 PM
 #17

Are you expecting bitcoins to die as many perceive. Bitcoins is here to stay and nothing that is done to it , either by government action or whales pushing price; bitcoins won't ever diminish in it use.

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December 06, 2018, 11:14:39 PM
 #18

Bitcoin won't die that easy,so many times people predicted that Bitcoin going to die,the Bitcoin proved them wrong, as long as there are people using Bitcoin then it will survive, the key is in the people because Bitcoin got the value from the transaction volume make by the people,and with some countries that already adopt Bitcoin then it will be hard for Bitcoin to die


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December 07, 2018, 02:48:27 AM
 #19

I think the reason behind is the fact that the value is in downfall many people or investors never give up on bitcoin. Many are giving bad speculations but until now bitcoin is in the crypto market.

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December 07, 2018, 03:38:16 AM
 #20

Given the fact that there is no underlying value behind Bitcoin, this digital token is speculative bubble in its entirety. Dutch tulips in the mid-1600s crashed to their non-speculative value pretty fast. Why does it take so long for Bitcoin to crash to its non-speculative value, which is zero?

Think positive and crypto will live for an indefinite time, everyone is happy with technology and bitcoin is a new invention and will grow well according to the times. I think that crypto is still running even if you die.

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