There are mixed opinions on whether or not Bitcoin cycles are dead. Some people believe that Bitcoin cycles are still alive and being used by individuals to secure their transactions. However, others believe that Bitcoin cycles are no longer being used and have been replaced by other methods of securing transactions, such as the Lightning Network.

One reason why some people believe that Bitcoin cycles are dead is because they are no longer being widely used. This is due to the fact that other methods of securing transactions, such as the Lightning Network, are more efficient and secure than Bitcoin cycles.

Another reason why some people believe that Bitcoin cycles are dead is because they can be complex and difficult to use. For example, some individuals may make mistakes while using Bitcoin cycles and end up losing their transactions.

Overall, the question of whether or not Bitcoin cycles are dead remains a topic of debate. While some people believe that they are still being used, others believe that they have been replaced by other methods of securing transactions.