Bitcoin going to die.

Well that's what my colleague tell me when he saw me having breakfast a day ago! I just gave a smile and said Well they been declaring bitcoin is dead more than 100 times. Another bitcoin is dead declaration won't hurt it.

He just laughed! First of all, where he get the news that bitcoin going to die?
Second, on that night, bitcoin prices rise towards $680 and then settle down for $670++.

Maybe he thought the Brexit may drive the price up like rocket blasting off but it didn't. Instead, bitcoin did go down prior to the voting and go up again after the result announced.

Maybe he thought Bitcoin Halving might drove the price up as the mining reward halves. Guess what? Well it didn't. What a disappointment!!! And many of my friends says the event was boring. NO ACTION. Price didn't spike up! Well they forgot the history. 1st halving was boring as well. And no major action in price as well.

Well look at the chart, after the 1st halving event, the price hover around $12 and stagnant there a while before rising towards $230. And then the prices drop before shot up to $1216.73 and all that happened in the space of 12 months after the 1st halving. So it will be interesting to see what's going to happen in the next 12 months.

With 2 halving events passed, bitcoin still alive and well even after been declared dead countless time. With new features like Segregated Witness to be deployed which opens the gateway to technology like Lightning Network and new financial products are on the rise, things are looking bright for bitcoin.

And to my colleague who tell that bitcoin going to die. Dream on fella! You going to hear about it even after you no longer exist on this God's green Earth.

#bitcoin #blockchain #money #investment