Since its start, Bitcoin has been called “dead” many times by doubters each time leading to predictions of its demise. Our Bitcoin Obituaries tracks every instance where Bitcoin was pronounced “dead” by critics (who might have used our Bitcoin obituary generator). These claims often emerge during market downturns or regulatory challenges, yet Bitcoin consistently rebounds, demonstrating its resilience.
Even though some thought it wouldn’t last, the world of digital money is still alive and kicking. Bitcoin leads the way, and new things like crypto casinos are making it even more exciting.
So, is Bitcoin dead yet?
Bitcoin has died 477 times
“There’s a ‘decent probability’ bitcoin goes to zero, says Vanguard economist” – MarketWatch | $8,465.99
In an op-ed Monday, Joe Davis said bitcoin is not a currency, it makes for a poor investment choice and its biggest threats are the very institutions it was meant to overthrow. “Over the past few months, I’ve gotten this question more than any other,” wrote Davis. “As for bitcoin the currency? I see a..
“Can Cryptocurrencies Survive?” – Armstrong Economics | $8,126.59
Bitcoin rose because 70% of the miners were in China. It was NOT simply because energy was cheap. Bitcoin became the LEADING means of money laundering and movement of cash out of China, circumventing their rule of law and currency controls. BitCoin was a means to get money out of China when you could not wire money out under..
“Warren Buffett says bitcoin is ‘probably rat poison squared'” – CNBC | $9,671.02
Warren Buffett is still not a fan of investing in bitcoin. The Oracle of Omaha reiterated his negative view on the cryptocurrency, according to CNBC’s Becky Quick. Bitcoin is “probably rat poison squared,” he said. Buffett is presiding at the Berkshire Hathaway 2018 annual shareholder meeting on Saturday. Eulogy made by Warren Buffett Source
“Bitcoin is the greatest scam in history” – Recode | $8,891.62
I’m tired of saying, “Be careful, it’s speculative.” Then, “Be careful, it’s gambling.” Then, “Be careful, it’s a bubble.” Okay, I’ll say it: Bitcoin is a scam. In my opinion, it’s a colossal pump-and-dump scheme, the likes of which the world has never seen. In a pump-and-dump game, promoters “pump” up the price of a security creating..
“Sell all crypto and abandon all blockchain” – Financial Times | $7,322.81
Blockchain hype is an essential part of the crypto-craze, and its fading is cause to expect the eventual crash. The reason is a relationship between a beguiling, but wrong, idea about technology, and the value it has injected back into crypto-currencies such as Bitcoin and Ethereum. Break that cycle, and you unspool the loop that’s..
“This is all it would take for bitcoin to become a worthless cryptocurrency” – MarketWatch | $6,882.94
The cost of making bitcoin is not a fixed-dollar amount; there is a feedback mechanism in mining any commodity. As the price of bitcoin increases, new entrants who want to mine bitcoin enter the market, increasing the effort required to mine a bitcoin, as its reward will be shared among a larger group of miners…
“Why Bitcoin is bullshit, explained by an expert” – Vox | $6,790.53
Nicholas Weaver, a researcher at the International Computer Science Institute at UC Berkeley. Weaver teaches a course on blockchains and seems to think the technology is, at best, misguided and, at worst, a fraud. There are private blockchains, which is a 20-year-old technology that somehow causes idiots to throw money at it, and then you have..
“Bitcoin mania has ‘clear parallels’ to the spread of infectious diseases according to Barclays” – Markets Insider | $6,916.00
Analysts at Barclays made a model of a theoretical speculative asset based on the types of models epidemiologists use to track diseases. The analysts compared the model’s predictions to bitcoin’s actual price swings over the past seven years to see how bitcoin’s path may play out in the future — and the results are shockingly similar…
“Bitcoin, the Biggest Bubble in History, Is Popping” – Bloomberg | $7,004.58
The greatest bubble in history is popping, according to Bank of America Corp. The cryptocurrency is tracking the downfalls of the other massive asset-price bubbles in history less than one year out from its record, analysts lead by Chief Investment Strategist Michael Hartnett wrote in a note. Eulogy made by Michael Hartnett Source
“Blockchain is not only crappy technology but a bad vision for the future” – Medium | $6,785.85
Blockchain is not only crappy technology but a bad vision for the future. Its failure to achieve adoption to date is because systems built on trust, norms, and institutions inherently function better than the type of no-need-for-trusted-parties systems blockchain envisions. That’s permanent: no matter how much blockchain improves it is still headed in the wrong..
“Bitcoin is ‘worthless’ and will perform worse than stocks in the coming months, analyst says” – CNBC | $7,126.60
Bitcoin is likely to fare worse than other assets in the coming months because it has no fundamental worth, an investment research firm said. London-based Capital Economics explained that the cryptocurrency has been quite closely correlated to the S&P 500 since the price started to fall from its record high at the end of last year. But the correlation has..
“Cryptocurrency and Blockchain: Explaining the Fraud in Four Slides” – Twitter | $7,041.83
Cryptocurrencies are provably inferior when you don’t require censorship resistance. Any volatile cryptocurrency transaction for real-world payments requires two currency conversion steps Any stable cryptocurrency requires any entity to convert dollars to tokens and vice versa at par Blockchain “security” guarantees are horribly inefficient and overrated A “private blockchain” is trivial to implement append-only log:..