Bitcoin is very much alive and gaining notoriety.
A very timely article written by @penguinpablo today. It is titled Bitcoin is far from dead. The article contains charts and statistical information which I think crypto enthusiasts will find useful.
You can read it here: https://steemit.com/bitcoin/@penguinpablo/bitcoin-is-far-from-dead-4-charts-why-i-am-bullish
I agree that Bitcoin is not dead.
The above mentioned article has charts and stats showing both the cyclical nature and steady appreciation of Bitcoin. Few people remember that longterm holders of Bitcoin have experienced mostly appreciation of their Bitcoin while it’s mainly the speculators in the last Bull market that lost money. The charts and words help to explain that.
Additionally, I have been researching the commerce side of Bitcoin and during this Bear Market many ways of utilizing Bitcoin for daily purchase have been developed. At this point mechanisms to utilize Bitcoin like both a currency and a store of value exist and are functioning in North America, Asia, Australia and Europe. Worldwide trade volumes of Bitcoin as pointed out in the article are quite high. The Bitcoin fees are down, Bitcoin mining volumes are up and innovations like Segwit and Lightening are gaining ground. Plus there are multiple countries experiencing history making inflation and a few experiencing history making hyperinflation, which has lead many cryptocurrency observers to write articles about their citizens move from their national currencies to both dollars and Bitcoin. In fact the digital nature and easy transportability of Bitcoin rivals both dollars and gold. We are living in the future stages of a revolution in the way people store value and carry out commerce.
Lastly, the preparations by multi-billion dollar institutional Investors like Nasdaq and Fidelity to make it possible for cryptocurrency naive investors to invest large sums into Bitcoin, with cold storage and institutional methods of securing private keys not unlike the institutional storage of stock certificates has not gone unnoticed and also indicates the coming investment of large individual and institutional monies into Bitcoin, in my opinion and this opinion is held by others in the cryptosphere.
Bitcoin is far from dead, I believe it will be a permanent part of the financial landscape for years to come. I also believe the widespread use and adoption of Bitcoin will facilitate the use and adoption of altcoins like our beloved Steem.
I think betcoin will never die as its the most recognizable name associated with cryptocurrency.
Agree with you. Name recognition is very important
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Right now I like fiat better than crypto in general but I expect things to change especially when we get more QE.
What’s QE?
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Quantitative Easing
https://www.investopedia.com/terms/q/quantitative-easing.asp
Oh. Where banks lower interest rates sometimes to negative values where they charge you to deposit your money in their bank while they invest it for profits!
It’s great to be a banker
A consumer of banks not so much.
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Greetings @shortsegments
I am totally deacurdo with you, the bitcoin has a long way to go and those examples you say are some of the proofs of that.
Enjoy your day, Piotr.
Bitcoin will become the idol of all investors
I think that bitcoin will continue to be strong, and the price of steem will soon be expensive
In my opinion bitcoin will never die. And I also don't intend to leave the blockchain even though the current price is still low. Hopefully in the future it will be normal again.
Cool
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Thank you for this information.
There’s a lot of info here. I like it all.
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BTC is not going anywhere or there is no chance of it's death. 2k18 was abbear Market all of us lost money but this path has been followed by bitcoin since 2008. You can see in the image below. The image is self explanatory. I hope history will repeat
Absolutely correct @ajks btc is for long run
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