A believer's cry: They tried to kill Bitcoin 129 times, what was the result?

For Bitcoin, perhaps, what doesn't kill you makes you stronger is a truth.

Since 2011, Bitcoin has been “declared dead” at least 129 times. Here are some examples:

On June 20, 2011, Forbes magazine wrote: "The End of Bitcoin Has Come."

On January 16, 2015, USA TODAY wrote: "Bitcoin is on its way to becoming a dying ember."

On May 5, 2017, The Daily Reckoning wrote: “The Death of Bitcoin.”

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Without the strong government credit endorsement and without the exchange value of gold, many observers and the media call Bitcoin a Ponzi scheme.

Others appreciate the concept of virtual currencies but have doubts, arguing that they would be worthless if governments clamped down on them.

This kind of thinking is normal. After all, if we go back to 2013, what they worried about seemed to have really happened.

That year, the price of Bitcoin rose from 1 penny in 2009 to more than $1,100, and then it plummeted by 85% to $185.

The market situation at that time looked like a pump and dump, right?

But then things started to get more interesting.

The price of Bitcoin has gone back up - remember, a real Ponzi scheme is worthless when it crashes.

Since all the obituaries were flying around, Bitcoin has generally been rising, from a low of 75 cents to a high of $2,770, with the maximum increase being as high as 369,223%!

Why are people still buying this worthless asset? There is no consistent explanation.

Now, even the government is embracing Bitcoin. Japan officially recognized Bitcoin as a means of payment through legislation starting in April. Peach Aviation Japan even accepts customers to use Bitcoin to complete ticket payments. The volume of Bitcoin transactions in Japanese yen accounts for almost half of the total transaction volume.

OKCoin industry analysts said that Australia will treat Bitcoin as a currency and abolish the Bitcoin goods and services tax starting from July 1, which means that the country's Bitcoin traders and investors will no longer be taxed when buying and selling Bitcoin through regulated exchanges and trading platforms, which is directly beneficial to Bitcoin.

From a technical point of view, Bitcoin sends and receives value without a trusted middleman. This blockchain technology makes it free from the high dependence and control of a certain central point, so no government can destroy it on its own.

So, as the lyrics say: "Baby you don't know me, cause you're dead wrong."