Bitcoin (BTC) Has Died A Shocking 309 Times - Global Coin Report
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Bitcoin (BTC) Has Died A Shocking 309 Times



Bitcoin is dead

The fake news that Goldman Sachs has shelved plans to open a Bitcoin (BTC) and Crypto trading desk has been solely blamed for the crypto market turmoil that begun on the 5th of September and managed to sort of stabilize on the 9th. Many crypto-traders and enthusiasts were heartbroken that such fake news could be paraded as facts. They felt betrayed. Some pointed out that it was a lesson for thinking Wall Street will take cryptocurrencies to the next market Bull Run. It is with the above turmoil that many had declared Bitcoin is dead once again.

Turns out this is not the first time the King of Crypto has died. Forbes magazine managed to inform us that there is a tracker for the number of times Bitcoin has been declared dead by the media. Turns out that counter is at 309 times as can be seen in the screenshot below.

BTC obituaries. Source,

It is a bit hilarious when you think of it. After the smile, we realize that Bitcoin is not going anywhere. Neither is Ethereum, XRP or any of the other digital assets that have declined by large percentages in the last few days. As a matter of fact, if you are a seasoned trader, the current market decline is a normal occurrence from where you stand.

The author of the Forbes Magazine piece goes on to make light of the situation, for he too is a seasoned veteran of the crypto markets.

“The sense of urgency is everywhere I look. Bitcoin is dying, and it’s time to get a new job. The warnings are stark. Bitcoin’s price has lost 70% since its $20,000 peak last year, the Securities and Exchange Commission has rejected every bitcoin ETF it’s seen so far and Goldman Sachs has delayed its much-touted roll-out of bitcoin trading.”

If BTC Can Survive the Mt. Gox Fiasco of 2013/14, It Will Be Fine

Many of us crypto enthusiasts can be blamed for being too nostalgic with regards to last year’s Bull run that had BTC touch the sky at levels of $20,000. Yes, we wanted the gains to continue but with every peak in any financial market, there is bound to be a fall in value.

One needs to only look at nature and observe how ocean waves travel. The key in crypto trading is to become one with the market turmoil as a surfer does when he balances his board on a magnificent wave that would scare the living daylights out of any regular person. It is perhaps prudent to refer to ourselves henceforth, as crypto surfers!

Any BTC HODLer who has been around since the Mt. Gox saga of 2013 to 2014, knows that the King of Crypto had declined to as much as $0.01 due to a hack at the exchange in 2011. From April 2013 to early 2014, the exchange was at the top of its game as it was handing up-to 70% of all online BTC trading. But it all came crumbling down due to a news report that the customers of the exchange were experiencing delays in withdrawing funds from the platform. Some even had to wait a few weeks for the transactions to complete. (Where was Ripple back then to complete the transactions in 3 seconds?)

In conclusion, the current market turmoil is not new to Bitcoin and the crypto markets. One needs to look at the number of times Bitcoin has died for you to accept that it will die a few more times in the future as well. With such knowledge, we can easily recover psychologically from each dip rather than musing about totally cashing out and forgetting about that Lambo.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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3 Reasons Why WISE Token Could Be a Massive Winner in 2021



WISE token

After working in proprietary trading for over a decade, I decided to transition to crypto in early 2017.  Although crypto is significantly different from traditional capital markets, I managed to successfully find a niche for successful and opportunistic trading.  While 2017 was the perfect time to get involved, the past few years have proven to be a bit more challenging as far as generating ROI.

Cryptocurrency traders have spent the past several years searching far and wide for the next big winner.  While the market as a whole hasn’t been very bull friendly, one specific area that appears to be gaining traction is decentralized finance, more commonly known as DeFi.  This area generally refers to the digital assets and financial smart contracts, protocols, and decentralized applications (DApps) built on Ethereum.  The reason why so many crypto entrepreneurs are flocking to this space is that it allows them to create traditional financial vehicles in a decentralized network, outside the meddlesome control of foreign governments.

One extremely popular DeFi project is Chainlink (LINK) which is a decentralized oracle network that provides real-world data to smart contracts on the blockchain.  Chainlink has seen its token price increase by more than 300% year-to-date.    Another impressive project in the space is Kyber Network (KNC) which has seen its token soar from $0.20 at the start of the year to more than $1.60 at present.  Kyber Network’s on-chain liquidity protocol allows decentralized tokens swaps to be…

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The Pros And Cons Of Cryptocurrency




Many facets of our lives are now digitized––money is no exception. 

Have you noticed that paper money is on its way to being obsolete because so many people receive direct deposit and love the simplicity of their debit card? 

Not to mention, cash carries germs, as we’ve heard lots about during the pandemic. Many businesses have turned to card only options in light of this. 

But what about cryptocurrency?

You probably heard everyone raving about it a few years ago, but the excitement’s calmed down quite a bit. That doesn’t mean that it’s not a viable option you should keep in mind. 

What’s Cryptocurrency? 

Let’s start with the basic definition of cryptocurrency so we’re all on the same page. Cryptocurrency utilizes cryptographic methods and complex coding systems to encrypt sensitive information during data transfers. This protects your funds and personal information on a whole different level. 

These transactions are virtually impenetrable due to the combination of mathematical and technological protocols created and put in place. This aspect of cryptocurrency is what makes it safer. Also, the details of transactions are kept private. No one can see who sent what, etc., because those rigorous mathematical and technological protocols protect it.

The Pros: 

Different From Traditional Banking Transactions

One thing people hate about traditional banks is the fact that they can…

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As Global Tensions Grow, Bitcoin Price May Go Higher



BTC Surged Again as A Safe Haven Asset During Global Tensions

  • India – China Border Conflict

After weeks of squabbling and brawling along their long-disputed border, hundreds of Indian and Chinese soldiers engaged in a deadly clash Monday in a river valley that’s part of the region of Ladakh last week. Troops had massed on both sides of the border in recent months in the northern India region of Ladakh and the southwestern Chinese region of Aksai Chin, causing global concerns of a potential escalation between the two.

  • North and South Korea Clash

Last Tuesday, North Korea destroyed the liaison office it jointly operates with South Korea in the city of Kaesong, just north of the demilitarized zone that separates the two countries. 

North Korea also said it would send troops to now-shuttered joint cooperation sites on its territory, reinstall guard posts and resume military drills at front-line areas in a violation of separate 2018 deals with South Korea. Jeong said South Korea will take “immediate, swift and corresponding” steps to any North Korean provocation.

The tensions grown in Asia and the potential “second wave” of coronavirus in the United States may add more difficulties to the global economic recovery. Thus, Bitcoin, as a safe haven asset, attracts more investors to buy and hold. 

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