{"id":8970,"date":"2021-06-30T16:54:29","date_gmt":"2021-06-30T16:54:29","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/there-are-now-twice-as-many-2021-bitcoin-deaths-compared-to-2020s-btc-obituaries-list\/"},"modified":"2021-06-30T16:54:29","modified_gmt":"2021-06-30T16:54:29","slug":"there-are-now-twice-as-many-2021-bitcoin-deaths-compared-to-2020s-btc-obituaries-list","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/there-are-now-twice-as-many-2021-bitcoin-deaths-compared-to-2020s-btc-obituaries-list\/","title":{"rendered":"There Are Now Twice as Many 2021 \u2018Bitcoin Deaths\u2019 Compared to 2020\u2019s BTC Obituaries List"},"content":{"rendered":"

Bitcoin is down in value 45% since the crypto asset\u2019s all-time high (ATH) three months ago and the downward movement has ignited significant speculation about another bear market. Other skeptics believe that bitcoin has died, as the web page that hosts bitcoin obituaries indicates 2021 bitcoin deaths have doubled in comparison to all the bitcoin obituaries in 2020.<\/strong><\/p>\n

According to Skeptics Bitcoin Has Died 29 Times This Year<\/h2>\n

The price of bitcoin (BTC<\/a>) is lower than it was three months ago when the crypto asset touched an ATH of $64,895 per unit roughly 90 days ago. Since then, BTC<\/a> has been consolidating above the $30K region and many are uncertain of what prices will come next.<\/p>\n

Then there are those who are certain that bitcoin is dead or at the very least prepping for its own funeral as they believe the value is surely headed to zero. The infamous bitcoin obituaries<\/a> web page, hosted on 99bitcoins.com, showcases these types of \u201cbitcoin is dead\u201d skeptics who have written long bitcoin eulogies since 2010.<\/p>\n

Bitcoin has already been declared dead twice as many times in 2021 as in all of 2020.?<\/p>\n

\u2014 Jameson Lopp (@lopp) June 29, 2021<\/a><\/p>\n<\/p>\n

Bitcoin obituaries have doubled in 2021, in comparison to last year, which indicates that critics are more willing to pounce on the crypto asset\u2019s market slides. There were 14 bitcoin deaths recorded by 99bitcoins.com in 2020 and today there are 29 deaths for 2021.<\/p>\n

As of today, there are roughly six months left until 2022, and this year\u2019s BTC<\/a> deaths record may compete with years like 2019 (41) and 2015 (39). It will take a lot of deaths for bitcoin to catch up to the record high in 2017 when 99bitcoins.com recorded 124 deaths.<\/p>\n

2021 bitcoin obituaries chart on June 30, 2021. Bitcoin died 29 times this year so far, while bitcoin died 14 times in 2020. Since 2010 up until the last day of June, bitcoin has died 422 times, according to 99bitcoins.com stats<\/a>.<\/p>\n

The very first bitcoin obituary was recorded on December 15, 2010, and the author\u2019s decade-old eulogy was called \u201cWhy Bitcoin can\u2019t be a currency.\u201d Fast forward to today and bitcoin died just recently on June 21, when the renowned author Nassim Nicholas Taleb wrote a summary of bitcoin\u2019s failures<\/a> called \u201cBTC<\/a> Is Worth Exactly Zero.\u201d<\/p>\n

\u201cIn its current version, in spite of the hype, bitcoin failed to satisfy the notion of \u2018currency without government\u2019 (it proved to not even be a currency at all), can be neither a short or long term store of value (its expected value is no higher than 0),\u201d Taleb said.<\/p>\n

\u201c[Bitcoin] cannot operate as a reliable inflation hedge, and, worst of all, does not constitute, not even remotely, safe haven for one\u2019s investments, shield against government tyranny, or tail protection vehicle for catastrophic episodes,\u201d the \u201cBlack Swan\u201d novelist further stressed.<\/p>\n

On Youtube, economist Maurice Hoefgen gives the bitcoin obituaries web portal its next death that precedes Taleb\u2019s scathing review. Hoefgen in his interview<\/a> with DW News on June 17, says bitcoin doesn\u2019t have good characteristics of money. The economist wholeheartedly believes that \u201cOver the long term bitcoin will fail.\u201d<\/p>\n

The 27 other 2021 bitcoin obituaries all have similar reasons as to why BTC<\/a> is resting in its casket and prepping for a funeral service. Reasons such as volatility, scarcity, speculation, hype, criminal use, government crackdowns, and environmental arguments are the main talking points in these eulogies.<\/p>\n

<\/p>\n

Economist Paul Krugman and Author JP Koning Don\u2019t Think Bitcoin Is Dead but Now Consider It a \u2018Natural Ponzi Scheme\u2019<\/h2>\n

Many bitcoiners would say that it\u2019s safe to say that bitcoin is not dead. However, it\u2019s guaranteed to be doubted and considered a complete failure along the way by pessimists who don\u2019t understand Satoshi\u2019s creation.<\/p>\n

Even the fax machine-loving Nobel laureate and economist, Paul Krugman, took a crack at the crypto asset this week. Krugman didn\u2019t say BTC<\/a> was dead but referred to JP Koning\u2019s critique<\/a> and called it a natural Ponzi scheme.<\/p>\n

\u201cNice essay via Ftalphaville,\u201d Krugman said<\/a>. \u201cBitcoin has clearly failed in its mission to become money, but its value is sustained because it has become a sort of natural Ponzi scheme.\u201d However, not everyone appreciated Krugman\u2019s borrowed assessment from Koning\u2019s essay.<\/p>\n

\u201cHonest question: is there any example of a Ponzi scheme which had a second major rally to new ATH\u2019s after the first growth phase collapsed?\u201d Shapeshift founder Erik Voorhees asked<\/a> in response to Krugman\u2019s tweet.<\/p>\n

What do you think about the quantity of bitcoin obituaries doubling in 2021? What do you think about the statements from Paul Krugman? Let us know what you think about these subjects in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nFeatured, 99bitcoins.com, Analysts, Bitcoin, Bitcoin (BTC), bitcoin deaths, Bitcoin Obituaries, BTC, BTC deaths, Dead bitcoin, dead BTC, deaths, Economist, Erik Voorhees, JP Koning, Maurice Hoefgen, Nassim Nicholas Taleb, natural Ponzi scheme, Paul Krugman, Ponzi Scheme, Skeptics<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin is down in value 45% since the crypto asset\u2019s all-time high (ATH) three months ago and the downward movement has ignited significant speculation about another bear market. Other skeptics believe that bitcoin has died, as the web page that hosts bitcoin obituaries indicates 2021 bitcoin deaths have doubled in comparison to all the bitcoin…<\/p>\n","protected":false},"author":0,"featured_media":8971,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-8970","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/8970"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=8970"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/8970\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/8971"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=8970"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=8970"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=8970"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}