I see this post all the time, people who keep saying that bitcoin will soon disappear or we are about to see the end of bitcoin. I read somewhere that the price of bitcoin this year is not the lowest since bitcoin's inception. It has dipped lower before, if I remember correctly, it was 80% drop. With that in mind, how could people say that bitcoin is about to cease existence? If it can survive an 80% drop, surely it can survive the drop this year, right?
We have seen the obituary of bitcoin more than hundred times on the internet. It has survived despite tougher situations. Such statements may be made by either corporate supported media or by big whales who want to manipulate bitcoin price by spreading FUD and encouraging panic selling.