Bitcoin Has Died Nearly 500 Times as Bear Market Bottom Signals End of Crypto

Bitcoin Has Died Nearly 500 Times as Bear Market Bottom Signals End of Crypto
  • Bitcoin has been declared dead 465+ times from 2010
  • Over 124 articles claimed crypto was dead in 2017.
  • The first such claim was made in 2010 by the Underground Economist when Bitcoin was trading at $0.23.

Renowned Indian Author Chetan Bhagat wrote a column declaring that crypto is dead. Is it the sign at the bottom?

The article from the well-known author Chetan Bhagat focuses on how crypto is dead due to the collapse of FTX. He expressed his strong anti-crypto opinion stating that crypto is like communism which promises decentralization but ultimately leads to power in the hands of a select few.

Bitcoin declared dead 465 times.

Bitcoin has been declared dead 465+ times, according to a page in 99Bitcoins, that counts the total reported Bitcoin obituaries. The Underground Economist made the first such report with the title, “Why Bitcoin can’t be a currency,” when the price of Bitcoin was $0.23. The article is no longer live today.

Satoshi Stacker, a well-known crypto analyst, predicted that as more and more people hear about the damage caused by FTX, there will be more reporting on “Crypto is Dead.”

Is the bottom in?

The crypto community believes that such articles are a signal for the bottom. Usually, during the market bottom, the FUD (Fear, Uncertainty, and Doubt) is at its peak. The frequency of articles claiming the death of crypto increases. The chart below shows that most articles with bearish sentiment were written when the market was preparing for a rally in Nov 2013.

Bitcoin bottom
Source: 99Bitcoins

Similarly, 93 obituaries were reported when the market bottomed in 2018. In 2020 various reports claimed Bitcoin was worthless, dead, and rat poison. The exception to this was in 2017 when over 124 articles were written declaring crypto dead due to multiple bans on crypto exchanges, Initial Coin Offering (ICOs) in China.

 

 

Source: https://beincrypto.com/bitcoin-has-died-nearly-500-times-as-bear-market-bottom-signals-end-of-crypto/

 

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

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Anndy Lian Talks about “Trends Shaping the Future of NFT” at Busan Blockchain Week

Anndy Lian Talks about “Trends Shaping the Future of NFT” at Busan Blockchain Week

Busan Blockchain Week (BWB) 2022, hosted by Busan Metropolitan City held at BEXCO for 3 days from Oct. 27th (Thu.) to the 29th (Sat).

With the theme of “Blockchain, City and Life”, as an extension of last year’s NFT Busan 2021, BWB 2022 will feature conferences for the advancement of the blockchain industry and provide a space to obtain insight as well as to share information.

Anndy Lian’s speech is on “Trends Shaping the Future of NFT”.

Anndy Lian is an all-rounded business strategist in Asia. He has provided advisory across a variety of industries for local, international, public listed companies and governments. He is an early blockchain adopter and experienced serial entrepreneur, book author, investor, board member and keynote speaker.

NFT: From Zero to Hero is his latest book. Zero to Hero is a call to anyone and everyone excited about the prospect of the world of NFT. Bound by imagination only, the NFT space is still in its early days and early adopters can be a “hero” in their search for new possibilities. The book is available on Amazon and Bybit. More than 8,000 copies were sold.

NFTs took 2021 by storm. With billions traded over NFTs and a strong community behind the technology, we’re seeing NFTs being adopted by industries as diverse as gaming, finance, art, and medicine.

NFT Gaming and GameFi: This trend is obvious. At present, many successful game manufacturers in the traditional game industry want to get involved in NFTs.

NFT Ticketing: NFT ticketing goes beyond this. The future of NFTs in ticketing offers opportunities for lifetime value, exclusive access, and extra incentives for buyers.

NFT Fragments: Fractionalization essentially breaks up an NFT into smaller pieces, so people can purchase small parts of an expensive NFT.

Digital Twin NFTs: Imagine this same type of record existing for physical items. It would completely change resale markets.

AI NFTs: Alongside blockchain, artificial intelligence (AI) is the next major disruptor in tech. So it should be no surprise the two are being combined.

NFTs and Health: With issues surrounding counterfeit vaccination passports and concerns about the vulnerabilities of centralized data storage of sensitive medical information, NFTs and the blockchain may well be integrated more and more into medicine and health in the years to come.

Growth Amidst Doubt

Although the popularity of NFTs is indeed declining, all walks of life are still accelerating their integration with NFTs.

Starting in the second half of 2021, many well-known brands have also begun to try NFTs, matching them with real objects and even designing their own metaverse. Obviously, the utility has become the first test for big brands in the metaverse field through NFTs.

NFT essentially provides brands with a new way to launch limited-edition products, and the resulting community and word-of-mouth communication will raise their share of voice compared to rival brands.

The Future of NFTs

A number of countries are now actively working on regulatory frameworks for NFT assets, strengthening anti-fraud and anti-manipulation audits of projects, determining the business core of each platform, and solving financial security issues such as illegal fundraising and false fraud.

At the same time, major public chains are actively upgrading, expanding, and building their own ecological frameworks to provide underlying support for the production, confirmation, pricing, circulation, and traceability of NFT assets. Nowadays, NFT financial tools are becoming more and more abundant, and the scale of financial derivatives is steadily increasing. The NFT industry is gradually exploring a development path suitable for blockchain assets.

“The future these NFT trends depict is an interesting one. While many people are concerned about the implications of the metaverse and the rise of AI, it’s a future full of possibilities. We are still early. Let’s build the ecosystem together.” Anndy Lian added.

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

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Everything about Ethereum Merge on Blockcast.cc Twitter Spaces

Everything about Ethereum Merge on Blockcast.cc Twitter Spaces

Ethereum Merge is a hotly anticipated and long-awaited upgrade.

The Merge represents the Ethereum network’s shift to proof-of-stake (PoS), its new system (also called a “consensus mechanism”) for authenticating crypto transactions. The reason the change from PoW to PoS is called “the Merge” is because the already running beacon chain will merge with the existing Ethereum mainnet chain.

On the other hand- The fork, commonly referred to as ETHPoW, will share the same transaction history as the main Ethereum network but start creating its own blocks. What does this mean to the market? Are we looking at more volatility?

Organizer: Blockcast (https://twitter.com/Blockcastcc)
Moderator: Scoot Tripp (https://twitter.com/Cryptobeast32)

Guests:
Jenny Zheng, BD Lead of Bybit NFT
Anndy Lian, Book Author of NFT: From Zero to Hero
Leo, BitCoke Partner
Dr Z, Ethereum Fair Dev
Satoshi_song, Ethereum Fair Dev
Yu Han Wong, Strategy Advisor, Moledao
Pitbull Core Dev

1. The merger of Ethereum is getting closer (expected on the 13th to the 15th). Some uncertainties are reported from time to time, whether there will be a delay, and what will be the impact of the success or failure of the merger?

2. What should we pay attention to when Ethereum hard forks, and what opportunities will there be?

3. The Ethereum Foundation opposes the fork. What measures will they take to organize the fork, such as technical containment, will it have a substantial impact on the fork?

3. The fork is imminent, some exchanges have expressed their support, and many major ones are waiting to see. What advice do you have for the exchange holders?

4. As one of the hard fork chains, what progress has EthereumFair (ETF) made so far? What are the highlights compared to other fork chains?

5. Whether the stability of the mining pool computing power can be stabilized in a relatively short period of time (currently most mining pools fluctuate greatly)

6. What preparations do miners need to do to support POW?

7. After the successful fork of the ETF, what major plans and actions have the community made? Can you share your roadmap?

8. Where will miners move after Ethereum with their miners, what are your thoughts?

9 What risks will the Ethereum Merge pose, specifically in terms of stablecoins and forks?

 

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

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