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Bitcoin has been declared dead many times: https://bitcoindeaths.com/ https://bitcoindeaths.com/ It just keeps on existing.

by cs702 8mo ago

notTooFarGone 8mo ago
As long as crime exists BTC will follow
- hocuspocus 8mo ago
  Aren't stablecoins better for that? Especially when the current US government is seemingly OK with a very centralized entity holding over $100 billion in T-bonds, backing a coin that's mostly used for pig butchering scams and sanction evasion. No need to pretend blockchains are remotely useful with such actors (BNB comes to mind too).
toomuchtodo 8mo ago
Bitcoin isn't going to die, but it isn't going to replace currency or gold. It'll remain as a speculation vehicle and a mechanism to move value outside of regulated financial systems.
SideburnsOfDoom 8mo ago
> It just keeps on existing. That is not in itself a recommendation. You could say the same of most infectious diseases and parasites, or antisocial acts.
- moralestapia 8mo ago
  >you'd have $70,482,477 today I wish COVID had that ROI.
  - bigbadfeline 8mo ago
    > I wish COVID had that ROI. It had it... for some, same as BTC.
JumpCrisscross 8mo ago
> Bitcoin has been declared dead many times This is also true of Boeing, Citigroup and the Argentinian peso. Looking at the actual quotes on that website, I'm struggling to find the word death (or a synonym). Instead, it's a collection of criticisms. Many of them wrong. But not many showing thoughtless dismissal.
- nitwit005 8mo ago
  I found a "RIP: Bitcoin" from a self described conspiracy theorist. A number of them suggest that it'll become worthless in the future, but that's certainly not saying it's dead now.
- cs702 8mo ago
  > Looking at the actual quotes on that website, I'm struggling to find the word death (or a synonym). Start at the bottom of https://bitcoindeaths.com/posts https://bitcoindeaths.com/posts and scroll up. You will find many prominent declarations of imminent death or failure, including "So, That's The End of Bitcoin Then" (2011), "Bitcoin Sees the Grim Reaper" (2013), and "An Early Obituary for Bitcoin" (2014).
pinnochio 8mo ago
AFAIK, after all the hype around Bitcoin proved to be false, the last justification for owning it among people who can't think straight was as a systemic risk hedge, like gold, but this has also not borne out. I don't doubt the faithful's ability to conjure up some other BS story for why it's worth owning, but there has to be something.
chistev 8mo ago
I'm glad you're still around here. I've been combing old HN threads and found your posts and comments from several years ago defending BTC. Hope your belief in the system has paid off incredibly well for you.
dasKrokodil 8mo ago
Interesting... so, what is the most straight-forward and least shady way of investing in it?

Bitcoin has been declared dead many times: https://bitcoindeaths.com/ https://bitcoindeaths.com/ It just keeps on existing.

by cs702 8mo ago

Bitcoin has been declared dead many times: https://bitcoindeaths.com/ https://bitcoindeaths.com/ It just keeps on existing.

notTooFarGone 8mo ago

As long as crime exists BTC will follow

hocuspocus 8mo ago
Aren't stablecoins better for that? Especially when the current US government is seemingly OK with a very centralized entity holding over $100 billion in T-bonds, backing a coin that's mostly used for pig butchering scams and sanction evasion. No need to pretend blockchains are remotely useful with such actors (BNB comes to mind too).

toomuchtodo 8mo ago

Bitcoin isn't going to die, but it isn't going to replace currency or gold. It'll remain as a speculation vehicle and a mechanism to move value outside of regulated financial systems.

SideburnsOfDoom 8mo ago

> It just keeps on existing. That is not in itself a recommendation. You could say the same of most infectious diseases and parasites, or antisocial acts.

moralestapia 8mo ago
>you'd have $70,482,477 today I wish COVID had that ROI.
- bigbadfeline 8mo ago
  > I wish COVID had that ROI. It had it... for some, same as BTC.

JumpCrisscross 8mo ago

> Bitcoin has been declared dead many times This is also true of Boeing, Citigroup and the Argentinian peso. Looking at the actual quotes on that website, I'm struggling to find the word death (or a synonym). Instead, it's a collection of criticisms. Many of them wrong. But not many showing thoughtless dismissal.

nitwit005 8mo ago
I found a "RIP: Bitcoin" from a self described conspiracy theorist. A number of them suggest that it'll become worthless in the future, but that's certainly not saying it's dead now.
cs702 8mo ago
> Looking at the actual quotes on that website, I'm struggling to find the word death (or a synonym). Start at the bottom of https://bitcoindeaths.com/posts https://bitcoindeaths.com/posts and scroll up. You will find many prominent declarations of imminent death or failure, including "So, That's The End of Bitcoin Then" (2011), "Bitcoin Sees the Grim Reaper" (2013), and "An Early Obituary for Bitcoin" (2014).

pinnochio 8mo ago

AFAIK, after all the hype around Bitcoin proved to be false, the last justification for owning it among people who can't think straight was as a systemic risk hedge, like gold, but this has also not borne out. I don't doubt the faithful's ability to conjure up some other BS story for why it's worth owning, but there has to be something.

chistev 8mo ago

I'm glad you're still around here. I've been combing old HN threads and found your posts and comments from several years ago defending BTC. Hope your belief in the system has paid off incredibly well for you.

dasKrokodil 8mo ago

Interesting... so, what is the most straight-forward and least shady way of investing in it?