⸺ Obituary · November 15, 2018 ⸺
“Getting Poorer With Bitcoin”
— Numismatic News, Dave Harper
“Where does Bitcoin go from here? Figuring out its price is more like going to Las Vegas and placing a bet. If you are good at reading market psychology, you might just make a profit trading in and out of the market. Just don’t hold it for the long term. It will continue to fall. Someday, it will be worth nothing.”
Price at death
$5,621
Today
$73,504
Resurrection
×13.1
On 2018-11-15, Dave Harper (Blogger) declared Bitcoin dead via Numismatic News. Bitcoin was trading at ~$5,621 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on November 15, 2018, when one Bitcoin traded for approximately $5,621. Since then, Bitcoin has appreciated by 13.1× relative to the price on the day Numismatic News pronounced it finished.