Bitcoin cannot crash or go down. - page 2.

patroncito

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Quote from: Reatim on January 26, 2018, 02:47:16 PM

Quote from: patroncito on January 26, 2018, 02:17:21 PM

Bitcoin cannot crash nor go down against the dollar. You can print as much US dollars or fiat currency as you want. BUT YOU CANT CREATE MORE THAN 21 MILLION BITCOINS. If everyone just realize that fact, it would never stop going up. It seems like the idiot stupid fools that are selling since December don't know that. It is just as simple as that.

That's why the tulip bubble argument against bitcoin is flawed at the beginning. They keep on comparing bitcoin to tulip bubble were there is unlimited supply while bitcoin can't go beyond 21M coins in circulation.

And it really boils down to the basic economic law of Supply and Demand. Only please take note that every 4 years, there is a halving making the supply of bitcoin scarce, and the price could increase overtime until a final quantity of 21M bitcoin have been mined.

Tulip bulbs are the most STUPID and IDIOTIC argument ever against BTC. How in the world you could compare them?. Its like saying BTC is currently in a bubble. How th FK you can be in a 200 billion bubble with a adoption below 10%?..............NOO WAYY

trouble401

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Quote from: patroncito on January 26, 2018, 02:17:21 PM

Bitcoin cannot crash nor go down against the dollar. You can print as much US dollars or fiat currency as you want. BUT YOU CANT CREATE MORE THAN 21 MILLION BITCOINS. If everyone just realize that fact, it would never stop going up. It seems like the idiot stupid fools that are selling since December don't know that. It is just as simple as that.

I am a very big believer of bitcoin, but to say that it cannot crash or go down is not accurate in my opinion. At the end of the day the price of bitcoin is determined by supply and demand. The demand continues to go up as there is a finite amount of BTC compared to fiat so we have seen the prices go up, but there can definitely be external forces that impact supply and demand. Lately we have seen the rise of alts and to a large degree that gives people a substitute from BTC. The greatest threat though is probably government regulation. Of course it is probably impossible to shut down BTC or crypto completely, but if countries were to ban exchanges or impose ridiculous taxes, it could seriously impact the benefits of owning BTC. Remember that a large amount of the value of BTC is in the network effect, and without that large network, BTC/crypto loses a lot of value.

In the end, I don't think governments will be successful in shutting down the movement and I think BTC/crypto will continue to grow. But as I tell my friends when they ask how much BTC will be worth in the future, I tell them anywhere between $1 and $1 million.

Reatim

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Eloncoin.org - Mars, here we come!

Quote from: patroncito on January 26, 2018, 02:17:21 PM

Bitcoin cannot crash nor go down against the dollar. You can print as much US dollars or fiat currency as you want. BUT YOU CANT CREATE MORE THAN 21 MILLION BITCOINS. If everyone just realize that fact, it would never stop going up. It seems like the idiot stupid fools that are selling since December don't know that. It is just as simple as that.

That's why the tulip bubble argument against bitcoin is flawed at the beginning. They keep on comparing bitcoin to tulip bubble were there is unlimited supply while bitcoin can't go beyond 21M coins in circulation.

And it really boils down to the basic economic law of Supply and Demand. Only please take note that every 4 years, there is a halving making the supply of bitcoin scarce, and the price could increase overtime until a final quantity of 21M bitcoin have been mined.

patroncito

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LONG BITCOIN, SHORT BANKS, DUMP FIAT FOR BITCOIN

Quote from: shursight on January 26, 2018, 02:29:04 PM

So you are surprised of those noobs? they have always been like that, i have been in this forum since 2013 and i can confirm to you that there have been a lot of people saying that bitcoin was gonna crash ONCE it hits $1000 for the first time.

Quote from: patroncito on January 26, 2018, 02:17:21 PM

Bitcoin cannot crash nor go down against the dollar. You can print as much US dollars or fiat currency as you want. BUT YOU CANT CREATE MORE THAN 21 MILLION BITCOINS. If everyone just realize that fact, it would never stop going up. It seems like the idiot stupid fools that are selling since December don't know that. It is just as simple as that.

Just let them talk, that is how the system works.

You do not lose until you sell.

You are right. It is happening since BTC was $100

patroncito

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LONG BITCOIN, SHORT BANKS, DUMP FIAT FOR BITCOIN

Quote from: trobin on January 26, 2018, 02:25:37 PM

Quote from: patroncito on January 26, 2018, 02:17:21 PM

Bitcoin cannot crash nor go down against the dollar. You can print as much US dollars or fiat currency as you want. BUT YOU CANT CREATE MORE THAN 21 MILLION BITCOINS. If everyone just realize that fact, it would never stop going up. It seems like the idiot stupid fools that are selling since December don't know that. It is just as simple as that.

Just because bitcoin has a limited supply and USD does not does not mean that bitcoin cannot crash. It would generally mean it has a better chance of appreciating but it's not certain and that's because you're forgetting the other force that makes up price and that is demand. Demand for bitcoin can easily fall for a number of reasons and any one of them could mean a crash in the price.

Divide the available supply of US Dollars by the available supply of Bitcoins. What number do you get? Huh

(how much is 5% of that number). Price is not even close to that number. How many people in the world is using it??? 1% of the population 2%?. Can you imagine if 25% start using it?

shursight

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So you are surprised of those noobs? they have always been like that, i have been in this forum since 2013 and i can confirm to you that there have been a lot of people saying that bitcoin was gonna crash ONCE it hits $1000 for the first time.

Quote from: patroncito on January 26, 2018, 02:17:21 PM

Bitcoin cannot crash nor go down against the dollar. You can print as much US dollars or fiat currency as you want. BUT YOU CANT CREATE MORE THAN 21 MILLION BITCOINS. If everyone just realize that fact, it would never stop going up. It seems like the idiot stupid fools that are selling since December don't know that. It is just as simple as that.

Just let them talk, that is how the system works.

You do not lose until you sell.

baradfo

full member

Activity: 232

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Quote from: patroncito on January 26, 2018, 02:17:21 PM

Bitcoin cannot crash nor go down against the dollar. You can print as much US dollars or fiat currency as you want. BUT YOU CANT CREATE MORE THAN 21 MILLION BITCOINS. If everyone just realize that fact, it would never stop going up. It seems like the idiot stupid fools that are selling since December don't know that. It is just as simple as that.

Let them sell, more to go around Roll Eyes

Of course I try to educate the noobs as much as possible, but they have the freedom to ignore somebody who's been around a while.

patroncito

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LONG BITCOIN, SHORT BANKS, DUMP FIAT FOR BITCOIN

Quote from: crazy-pilot on January 26, 2018, 02:24:23 PM

It can down one time man , why not ?
Look - gold have price , need ppl gold or dont need , but gold have price anyway .
If nobody will buy gold it will have price anyway.

Bitcoin dont have price , if nobody will buy it price go for zero.
So i think we have some % chance to get bitcoin go to floor Sad

The supply of gold is unknown. It is not even fair to compare gold with cryptocurrencies.

trobin

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Quote from: patroncito on January 26, 2018, 02:17:21 PM

Bitcoin cannot crash nor go down against the dollar. You can print as much US dollars or fiat currency as you want. BUT YOU CANT CREATE MORE THAN 21 MILLION BITCOINS. If everyone just realize that fact, it would never stop going up. It seems like the idiot stupid fools that are selling since December don't know that. It is just as simple as that.

Just because bitcoin has a limited supply and USD does not does not mean that bitcoin cannot crash. It would generally mean it has a better chance of appreciating but it's not certain and that's because you're forgetting the other force that makes up price and that is demand. Demand for bitcoin can easily fall for a number of reasons and any one of them could mean a crash in the price.

adzino

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www.Crypto.Games: Multiple coins, multiple games

Quote from: patroncito on January 26, 2018, 02:17:21 PM

Bitcoin cannot crash nor go down against the dollar. You can print as much US dollars or fiat currency as you want. BUT YOU CANT CREATE MORE THAN 21 MILLION BITCOINS. If everyone just realize that fact, it would never stop going up. It seems like the idiot stupid fools that are selling since December don't know that. It is just as simple as that.

The price won't constantly go up but eventually will. Just relate the market with basic economic laws. Demand and supply plays a role here. More people selling ,more supply of bitcoins causing the price to fall and vice versa. Now even though the price will go up, people will sell their bitcoins to cash out their profit as they might have reached their profit threshold level. So nothing much you can do to stop them.

patroncito

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LONG BITCOIN, SHORT BANKS, DUMP FIAT FOR BITCOIN

Quote from: webchris on January 26, 2018, 02:19:14 PM

More people are waking up to Bitcoin every day. I'm doing my part to educate people.

Good job. People need to realize that this is a once in a lifetime opportunity to make money. BTC and ETH are unique and deflationary. You cant stop them.

crazy-pilot

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It can down one time man , why not ?
Look - gold have price , need ppl gold or dont need , but gold have price anyway .
If nobody will buy gold it will have price anyway.

Bitcoin dont have price , if nobody will buy it price go for zero.
So i think we have some % chance to get bitcoin go to floor Sad

webchris

member

Activity: 142

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More people are waking up to Bitcoin every day. I'm doing my part to educate people.

patroncito

full member

Activity: 398

Merit: 107

LONG BITCOIN, SHORT BANKS, DUMP FIAT FOR BITCOIN

Bitcoin cannot crash nor go down against the dollar. You can print as much US dollars or fiat currency as you want. BUT YOU CANT CREATE MORE THAN 21 MILLION BITCOINS. If everyone just realize that fact, it would never stop going up. It seems like the idiot stupid fools that are selling since December don't know that. It is just as simple as that.

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