‘Bitcoin Is Dead’- Crypto Market Carnage Invokes Haters and BTC Obituaries
Digital currency markets have shed billions in value over the past week and during the market carnage, bitcoin haters have come out in flocks. Moreover, according to numerous crypto skeptics, bitcoin has officially died 21 times this year and this week’s downturn is sure to provide another eulogy. Bitcoin Haters Step Out to Troll Crypto Proponents On April 14, 2021, the price of bitcoin (BTC) tapped an all-time price high at $64,895 per unit, and then slid to a low of $30,066 a touch over a month later on May 19. That’s a percentage loss of 53% down from the high. Tesla has....
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While bitcoin’s price has dropped to levels not seen since January 2022, a number of detractors think bitcoin is on its death bed. Data stemming from the Bitcoin Obituaries list shows the leading crypto has died seven times in 2022, outpacing the first three years of obituaries by year written by bitcoin haters. The last obituary written about bitcoin, opined by the financial journalist, John Plender, claims the leading crypto asset follows the “greater fools” scenario.
Bitcoin Obituaries List in 2022 Surpasses First 3 Years of So-Called Deaths by Year
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According to the Bitcoin Obituaries list, bitcoin has died 15 times in 2022, and the last obituary written about bitcoin’s death was on June 18, in a recent statement that said: “Bitcoin Will Not Recover.” Interestingly, Google Trends data shows that the search phrase “bitcoin is dead,” is estimated to hit an all-time high this week.
The Old Saying ‘Bitcoin Is Dead’ Comes Back to Life
In recent times, you may have heard the phrase “bitcoin is dead,” or something similar. A great number of people truly believe that....
![Stop Predicting Bitcoin Obituaries Because of Irresponsible Companies [Opinion]](minthumb/bitcoinist_net_Bitcoin-Obituaries.jpg)
The expressed opinions in this article do not reflect those of Bitcoinist but of a guest writer. Bitcoin as an investment tool is an increasing topic of debate for spectators. It’s a clearly divisive topic that often leads to shiny new bitcoin obituaries reading, “Bitcoin is Dead!” or “Is This The End of Bitcoin?” To this date, Bitcoin has died 40 times. A site called Bitcoin Obituaries follows all the major times a newsgroup prints a story that talks about the end-times of bitcoin. It’s ridiculous. The latest article is “Why Apple Pay and Dollars are Killing Bitcoin,” by Forbes.
The carnage in the crypto market has continued today, leading to nearly $300 million in liquidations in the futures sector. Crypto Futures Market Observes Almost $300M In Liquidations In case anyone is unaware what a “liquidation” is, it’s best to get a brief look at the workings of derivatives trading. When an investor opens a […]
438 Bitcoin obituaries have been counted since 2010, and the year 2017 still remains to account for most “deaths.” As Bitcoin (BTC) was hitting new historical highs above $68,000 this year, global cryptocurrency naysayers were increasingly blasting BTC for its extreme volatility and potential risks.According to Bitcoin Obituaries data by Bitcoin education portal 99Bitcoins, the original cryptocurrency was declared “dead” as many as 45 times in 2021, which is at least three times more than in 2020.Despite the growing number of Bitcoin critics in 2021, the number of obituaries is still....