Post
Topic
Board Economics
Re: Why do people keep saying BTC is dead?!
by
actmyname
on 01/05/2016, 16:37:25 UTC
It drops in price every time we hear about a big scam or some kind of fraud.
This drops are not something significant, and hardly can be connected only for Fud.
But in one coordinated attack damage can be made, but we have price fluctuation and without bad news or similar..
This is normal.


Indeed, this is normal and more currency's have this, not only the bitcoin has this and I must say it are not big numbers that are lowering.
So I think its not a big problem for the bitcoin, people are just hating on the bitcoin because its going so well..
There are a lot of people that is quite negative about Bitcoin and that is because the value isnt rising and the people wants to make some profit soon but that will not happen.
On the other side I understand them but they have to also know that we cant control it and that we just have to only wait until the value will be more.

And of course it can takes a long time but you have to should accept that.
Don't be so sure about how people who say "Bitcoin is dead" are going for profit through a bullish theme. They could be trying to spread FUD about bitcoin during certain circumstances where negative news is affecting bitcoin, and trying to short bitcoin to generate profit that way. Besides, the more people join the "BTC is dead" bandwagon, the more negative buzz surrounds bitcoin, driving the price down.