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.
On Bitcoin Discussion you'll see at least one of these post appear on the front page. Most of them comes from newbies and rarely from people who passionately hate Bitcoin.
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?
They're exaggerating with saying Bitcoin is disappearing. As long as we have miners confirming transactions Bitcoin should be far from over. If they meant the price, altcoins would go first before Bitcoin.
Some people are very disappointed because they have lost thousands of dollars. They have no more trust in bitcoin and thats why they say that bitcoin will disappear from the market. Investors will withdraw their money from bitcoin and invest in Altcoin or any other regular business. When the market cap decrease the price will also decrease and finally bitcoin will disappear from the market.