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    1. digitallawyer on

      * Search interest: Google Trends, worldwide, monthly for „bitcoin dead“, „crypto dead“, „bitcoin is dead“, „crypto is dead“, „is bitcoin dead“, „is crypto dead“.
      * Bitcoin price history: CryptoCompare, CoinGecko
      * Tool: HTML5 Canvas
      * Source: [https://github.com/digitallawyer/iscryptodeadyet](https://github.com/digitallawyer/iscryptodeadyet)
      * Github Pages: [https://digitallawyer.github.io/iscryptodeadyet/](https://digitallawyer.github.io/iscryptodeadyet/)

    2. Remind me what would be the difference between investing in big numbers that are hard to compute and, say, hypothetical teapots in Earth orbit?

    3. It seems increasingly likely that Bitcoin will never break its current all time high. After years of bad faith arguments with crypto bros about all the supposed magical things that it would do, how we were “still early”, it’s kind of just dying with a whimper. For something whose only value comes from hype, the loss of excitement is absolutely fatal.

      First, Bitcoin became the dog that caught the car; the current, wildly corrupt administration was more than happy to give crypto bros whatever they wanted. But again, Bitcoin’s value never came from real utility, only speculative future gains. So by getting everything they wanted, they shot themselves in the foot: what meaningful ‘catalysts’ are left to boost the price? Another halving, I suppose, but that would only matter if there were organic demand for BTC. And there isn’t.

      But maybe even more than that, with the huge surge of legalized gambling apps, the kind of people who would be interested in Bitcoin are just taking their gambling money elsewhere. BTC “investors” are almost entirely get-rich-quick gamblers, and Bitcoin can’t really compete with the speed and ease of just…. Actual gambling. Why buy Bitcoin and wait 5 years hoping for a big jump when you can just bet on whether or not someone will audibly fart in a Fed chair meeting?

    4. UX_Strategist on

      This should be expected, right? I don’t think anyone will purchase or use a currency they suspect is dying. It’s similar to stocks. If public sentiment dips, so does the value.

    5. LawAbidingDenizen on

      The big institutions of finance world established it as an instrument. It is not going to disappear anytime soon and they will use it to milk the populous as long as they can.

    6. SisterOfBattIe on

      This will be the last peak. When the king joins the South Sea Company, there is nowhere to go but down.

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