Bitcoin was declared dead 90 times in 2018steemCreated with Sketch.

in #bitcoin5 years ago

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The data collected reveals that, in the course of 2018, some 90 times have been published opinions of analysts and commentators who say we are in the presence of the end of Bitcoin. Some of these reports have appeared in wide-ranging media such as New York Post, CNBS, Bloomberg or Forbes.
This year, January was the month with the highest number of public opinions related to the death of Bitcoin, with a total of 27. This fact could be related to the sharp drop in its price in that month, which went from $ 17,500 to 10,000 dollars, a reduction of 42%. Then, headlines proliferated as "The end of Bitcoin", "Bitcoin is a ponzi scheme" or "Bitcoin is a joke". However, the tendency to "kill" bitcoin in the media was declining in the course of 2018.
in 2017 the most active month for the coin gravediggers was December, with 34 headlines. In fact, the last four months of last year, were above 12 allusions to the death of bitcoin, just the stage when its price was multiplied by four.
Despite claims that Bitcoin died, interest in this and other cryptocurrencies remained. The latest Google report revealed that, in 2018, the question What is Bitcoin? It was the most sought by Internet users in the United States and the United Kingdom. Although the bear market influenced the number of searches, the trend reached the first position this year.
The interest of the youngest could predict a greater adoption of cryptocurrencies for the future, beyond speculation. In this sense, 2018 stands as a great year for the development of technologies associated with Bitcoin, such as Lightning Network. After all, the value of Bitcoin does not lie in its price, but in its technology.

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