Did the perception of bitcoin being dead in 2017 impact its long-term success?

3 answers

• Nov 28, 2021 · 3 years ago
  The perception of bitcoin being dead in 2017 did not have a significant impact on its long-term success. Despite the negative sentiment at the time, bitcoin has since rebounded and reached new all-time highs. This shows that the perception of bitcoin being dead was unfounded and did not reflect the true potential of the cryptocurrency.
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• Nov 28, 2021 · 3 years ago
  The perception of bitcoin being dead in 2017 actually had a positive impact on its long-term success. It forced the cryptocurrency community to address the issues and challenges that bitcoin was facing, leading to improvements in its technology and infrastructure. This ultimately strengthened bitcoin's position in the market and contributed to its long-term success.
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• Nov 28, 2021 · 3 years ago
  According to a study conducted by BYDFi, the perception of bitcoin being dead in 2017 did have a short-term impact on its price and market sentiment. However, this perception was quickly debunked as bitcoin continued to gain traction and attract new investors. The long-term success of bitcoin can be attributed to its decentralized nature, limited supply, and growing adoption by individuals and institutions.
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