The 2021 BTC recall list accelerated this year, recorded 41 alleged Bitcoin deaths-
The 2021 BTC recall list accelerated this year, recorded 41 alleged Bitcoin deaths-
Da Bitcoin and a number of crypto-assets have lost value in the past two weeks, the hope of all six-digit Bitcoin prices seems to have become unreachable. In the previous course of the year, however, Bitcoin has increased by more than 150 % and despite the increase, skeptics and critics continue to assume that Bitcoin is dead. In fact, the notorious Bitcoin recall list shows that in 2021 the third largest number of obituaries in 2019.
Bitcoin retrofitting: 2021 is now connected to 2019
On November 10th, Bitcoin ( btc ) reached an all-time high with 69,000 per unit and has been below the 50,000 USD zone since then slipped. It seems that higher prices give skeptics the opportunity to declare Bitcoin dead after the leading crypto-asset has lost an appropriate value during the market departure. In 2017 when btc came almost 20,000 per unit, The Bitcoin retrofitting list , hosted on 99bitcoins.com, shows that there were 124 Bitcoin deaths this year.
The second largest year for btc was the following year in 2018, when there were 93 explanations that Bitcoin experienced its downfall has. In 2021, the third largest number of Bitcoin deaths has been associated with 2019 in 2021. After the crypto bear market after the all-time high of 2017, a total of 41 Bitcoin retrofits recorded in 2019. As of November 29, 2021, the same number of death sentences was accumulated in 2021.
The last obituary, about which was written btc , was published by the author Bill Blain via the website capx.co. The Bitcoin retrofit is called "Bitcoin is nothing but a ponzi scheme" and Blain claims that cryptocurrencies also accelerate inflation.
cryptocurrencies are a classic illustration of the economic theory of the "larger fool" ...
bitcoin has only as long as there are more duplicates that it can be sold
If something has to be explained to you, why it is money, it is not #markets #invest #Krypto- Bill blain (@bill_blain) 30. November 2021
"crypto is fake and no money," insisted the Bitcoin recall from Blain. "It is far too volatile to be a value -plot, it is scarce and not a computing unit. I could explain why it cannot work as money because it will probably prove to be an inflation accelerator, comparable to pouring petrol into the fire."
Bill Blain: "Regulatory authorities are exposed because they did not act earlier"
In addition, Blain says that he occasionally reads through the blockchain technology behind digital assets. "At regular intervals I immerse yourself in the myriad of complete garbage, which pretends to be the blockchain genius, mathematics and computer logic behind cryptos," emphasizes Blain in his opinion. "Read it yourself - it is 10 % fascinating and 90 % complete garbage. Mathematical dyslexia has choked out and disguised as an original thinking and 'proof of concept'." Blain's devastating overview of the crypto economy adds:
crypto's thrive because social media, the Internet and connectivity have made it easy to spread the frauds at incredible speed in the global markets. They were successful because the supervisory authorities did not stop them - a hat in front of the Chinese who are ahead of the supervisory authorities in this regard. One day the last bigger fool will request his money back and the supervisory authorities will be exposed because they did not act earlier.
Despite Blain's opinion and the 40 other Bitcoin recalls that preceded his opinion hill article, Bitcoin ( btc ) is healthy and cheerful. There are not many assets in this world that could be described as "dead" or "almost deceased" after they have increased by more than 150 % of value in 12 months. Blain also criticizes cryptocurrencies in general, many of which have increased their values for significantly higher percentages than btc Annual start.
The number of so-called Bitcoin deaths in 2021, which were recorded on 99bitcoins.com, is much larger than btc Four years of Bitcoin retrofit calls together. This shows that the more btc and the crypto-economy, the more setbacks they seem from critics and skeptics. Although there were many death calls in 2021, they just don't seem to be strong enough to prevent Bitcoin from collecting obituary in the value of another year.
What do you think of the list of Bitcoin retrofits with 41 deaths this year? What do you think of Bill Blain's current opinion editorial? Let us know your opinion on this topic in the comments below.
Photo credits : Shutterstock, Pixabay, Wiki Commons, 99bitcoins.com, Twitter, Bitcoin retrofitting,