Bitcoin Price - page 2. | Bitcointalksearch.org

FUBAR-BDHR

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Quote from: whatatimetobealive on March 16, 2016, 02:28:54 PM

I am new to bitcoin and the forum, I find bitcoin to be fascinating and have purchased books and a cheap usb asic miner to get a better understanding of how this system works. I am still skeptical that bitcoin has the ability to be maintained in the long run. How can you be sure that you won't wake up one day and your bitcoins will be worth nothing?

How can you be sure you won't wake up tomorrow and cash will be worthless? Even gold could lose all it's value especially if enough would be found. People give things value and it can change at any moment for any asset if something happens.

mikehersh2

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If bitcoin were to become "worthless" one day, it would be a long process, that you, along with the rest of the community would notice.

aardvark15

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We just don't know if bitcoin will be successful or will fail in the long run. My guess is that it will last for a long time and will gain in value, but there are no guarantees. Only invest what you can afford to lose.

moviebuff777

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From what I've read and heard, there are no guarantees that Bitcoin will gain in value. I think it could lose value so be careful with how much you invest.

sallymeeh27

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We cannot tell how much is the bitcoin price for most of the time it goes up and down with no preferences that anyone can tell. Maybe this is in part of the demand for bitcoin. Its behavior for price are moving very fast so we cannot just say how much is it today it always change..

DannyHamilton

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Quote from: whatatimetobealive on March 16, 2016, 02:28:54 PM

How can you be sure that you won't wake up one day and your bitcoins will be worth nothing?

There is intrinsic value in the service (distributed consensus on a global ledger) that bitcoin provides. As such, the only way bitcoin could be worth nothing is if some flaw were discovered that made it impossible for bitcoin to provide that service any longer.

Far more likely is that you could wake up one day and discover that your bitcoins are worth very little (for example 10,000 BTC = $20). I personally believe that demand will continue to grow for what bitcoin provides. Since there is a limited supply of bitcoins, an increasing demand must lead to an increase in exchange rate. This is obvious from even the most basic understanding of supply and demand. I can't "be sure", but I am very confident.

Here's a question for you to consider...

How can you be sure that you won't wake up one day and your bitcoins will be worth $10,000,000?

Amph

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because the technology behind bitcoin, is the most amazing thign ever created in the last years, and it has a vlaue that is greater than anything else at the moment, this is the reason why banks are interested to it

based on this bitcoin is safe, bitcoin is safe because of its own technology, and self-sustaining network

Herbert2020

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Quote from: whatatimetobealive on March 16, 2016, 02:28:54 PM

I am new to bitcoin and the forum, I find bitcoin to be fascinating and have purchased books and a cheap usb asic miner to get a better understanding of how this system works. I am still skeptical that bitcoin has the ability to be maintained in the long run. How can you be sure that you won't wake up one day and your bitcoins will be worth nothing?

you need to look the bitcoin price chart history. also take a loot at the market cap and the daily trade volume.
after that read about how bitcoin is working, and about the security,...

now do you think such a useful and secure technology with this big a market can disappear over night?
price swings around but it is not like you are going to wake up tomorrow and see the price has gone from $414 to $1
even if it goes down it will take a very long time to reach there.

btccashacc

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even when the price will be going down you have ultimate controll over your bitcoin, you must set up the price where you suposed to sell, but for now i truly believe that bitcoin's price will be stable, moreover after halving for sure the price will be up

jacee

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Honestly I don't think anyone is sure about bitcoin at all. It's about trusting or believing that bitcoin will reach its potential and that it will not just drop it's price one day. Basically, having bitcoin is risk with it's votality specially for those people who invested a fortune for it. The people around here can only hope that nothing bad happens.

romero121

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Quote from: whatatimetobealive on March 16, 2016, 02:28:54 PM

I am new to bitcoin and the forum, I find bitcoin to be fascinating and have purchased books and a cheap usb asic miner to get a better understanding of how this system works. I am still skeptical that bitcoin has the ability to be maintained in the long run. How can you be sure that you won't wake up one day and your bitcoins will be worth nothing?

Just by the trust made over the entire bitcoin users, we can be sure that the value won't go to worthless in a day's time.

rio3233

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Quote from: whatatimetobealive on March 16, 2016, 02:28:54 PM

I am new to bitcoin and the forum, I find bitcoin to be fascinating and have purchased books and a cheap usb asic miner to get a better understanding of how this system works. I am still skeptical that bitcoin has the ability to be maintained in the long run. How can you be sure that you won't wake up one day and your bitcoins will be worth nothing?

You need find information about speculation or prediction for the price of bitcoins, so you can anticipate when you know someday the price is going down.

whatatimetobealive

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Thanks for the replies! I have also been surprised by how helpful the bitcoin community appears to be. Makes it misleading, as i'm sure there are just as many people trying to help as there are trying to scam, if not more. But I appreciate the feedback

noone000

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You can't be sure that your bitcoins won't drop down to 0. But I'd like to believe that the likelihood for that is low. I hope that the price will either remain stable or rise, but there's a chance that it won't. It's just like life, really. There's a small chance that you could die each day, but you hope you won't. No risk, no reward... but you always risk something.

RodeoX

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The revolution will be monetized!

The only thing needed to for a currency is a belief in the value of that currency. Sine people do not believe for no reason we can look at what makes a good currency and why it warrants our faith.

1. Fungibility - each unit is the same as any other.
2. irreproducibility - it is not cost effective to counterfeit.
3. scarcity - supply must not exceed demand by a large margin.

To make a currency better than Fiat, like the dollar, it should also be...

1. Fair - not under the control of anyone. The price, the supply, the distribution are beyond any ability to control.

2. Digital - this is really only better when transacting electronically. Since most of your money is now done on computer networks bitcoin is generally better in this regard.

3. Universal - only bitcoin can pay anyone anywhere. No matter where in the world the parties are.

The real question is whether or not fiat money will survive.

unholycactus

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Quote from: whatatimetobealive on March 16, 2016, 02:28:54 PM

I am new to bitcoin and the forum, I find bitcoin to be fascinating and have purchased books and a cheap usb asic miner to get a better understanding of how this system works. I am still skeptical that bitcoin has the ability to be maintained in the long run. How can you be sure that you won't wake up one day and your bitcoins will be worth nothing?

No way to be sure, I've always been worried that a major exploit could bring the price down to 0.
Considering it's not physical, it's something that could happen.

whatatimetobealive

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I am new to bitcoin and the forum, I find bitcoin to be fascinating and have purchased books and a cheap usb asic miner to get a better understanding of how this system works. I am still skeptical that bitcoin has the ability to be maintained in the long run. How can you be sure that you won't wake up one day and your bitcoins will be worth nothing?

Topic: Bitcoin Price - page 2. (Read 1523 times)