In June 2011, Bitcoin plummeted from $32 to $2.

Drop: 94%.
A tech journalist named Betteridge wrote an article titled:
"Bitcoin: A Murdered Currency Experiment?"
The article was well-argued, data-rich, and came to a clear conclusion:
Bitcoin is finished.
After publication, it was widely shared and became the most representative "Bitcoin death declaration" of the time.
Then Bitcoin started to rise.
Back to $10.
To $100.
To $1,000.
The journalist did not admit he was wrong but made an even bolder decision:
He kept writing.
In 2013, when it reached $1,000, he wrote: The bubble is at its peak, about to burst.
It burst, falling back to $200, and he wrote: I was right.
It then rose to $20,000, and he remained silent for a while.
Then it fell back to $3,000, and he revived: I’ve always been right.
Later, someone compiled a statistic:
Since 2010, there have been over 500 verifiable "Bitcoin death declarations" online.
Every major crash adds dozens more.
Each author believes they are the clear-headed one.
Someone even created a website called "Bitcoin Obituaries,"
which can be translated as: Bitcoin Obituary Collection Site.
It archives every article declaring Bitcoin dead.
As of today, over 500 obituaries have been recorded.
The homepage of the site has a line:
"Bitcoin has died more than 500 times. Each time, it comes back to life."
The truly interesting part of this story isn’t how much Bitcoin has risen.
It’s that:
Every crash is met with a group of sincere, intelligent people, using rigorous logic to declare its end.
And every time, they are right —
Just a little too early, or a little too late.
Today is another day when a new obituary is born.
Which number is it?
Too many to count.