Indeed bitcoin is not a ponzi scheme, even if people only focus on the money part of the bitcoin world, it is still not a ponzi scheme that you could lose money.
The simple fact that in ponzi scheme there is a promised money that is not existent, so if you put in money there and you can take out that means they paid you from other people's money, and that way they can't continue forever and they will end up losing money eventually. That is why bitcoin can't be a ponzi, because in the end nobody offers you anything and that is why it can never exist since it is never promised that means someone else bought bitcoin, so the only thing that changes hand is bitcoin itself, and not a promise, that guy loses or earns but has the bitcoin and paid for that bitcoin so nobody really tricked them.
Topic: Bitcoin will NEVER reach it's ATH anymore. - page 3. (Read 962 times)
If we are saying instant market progress, it is really hopeless but if we are talking about its future, probably we have a big chance on it. Though volatility is still there and a reason why we really hard to come up into such another ATH but I was not closing the door for it to come again. Reaching $20k once again is considered to be an ATH for me, well, I'm not sure about you and the others as well.
I am to admit myself that I'm also thinking of Bitcoin as a kind of Ponzi-scheme before but I'd find it wrong and it was proven for many years. That is why I keep believing Bitcoin even though we can make another huge jump this year or even next year.
I am to admit myself that I'm also thinking of Bitcoin as a kind of Ponzi-scheme before but I'd find it wrong and it was proven for many years. That is why I keep believing Bitcoin even though we can make another huge jump this year or even next year.
This is an honest call to everyone to start treating this great invention as it's meant to be - digital money. Including crypto news websites and youtubers who think that putting higher expected bitcoin price in the title will bring more clicks (and sadly, it usually does).
One says 1 million USD in 1 year, another says 10 million USD and so on... stop it, please. You are doing it wrong.
You cannot blame people here they came here because of the early birds invitation that they made huge money from holding their Bitcoin and this is the reason why they keep buying and selling for profit long term or short term, everybody wants to make money this is the reason why we are investing and the technology is only secondary but without the technology behind it we are nothing to hope for.
People should have much more healthy approach to cryptocurrencies than "get rich quick" and should use bitcoin even if it was going to take 100 years to break ATH again.
Only then the whole system makes sense, otherwise, even if Bitcoin was not meant to be a Ponzi Scheme and obviously is not a Ponzi Scheme, it is actually approached by many "investors" as Ponzi Scheme and they hope to be at the bottom of it. That is simply wrong.
If different crypto news stopped speculating about the price all the time it would be beneficial for the quality of the whole crypto sphere.
If people stopped being obsessed by the price, it would be good too.
This is an honest call to everyone to start treating this great invention as it's meant to be - digital money. Including crypto news websites and youtubers who think that putting higher expected bitcoin price in the title will bring more clicks (and sadly, it usually does).
One says 1 million USD in 1 year, another says 10 million USD and so on... stop it, please. You are doing it wrong.
But you actually posted this thread in speculation section where people keep speculating about its prices all the time. Only then the whole system makes sense, otherwise, even if Bitcoin was not meant to be a Ponzi Scheme and obviously is not a Ponzi Scheme, it is actually approached by many "investors" as Ponzi Scheme and they hope to be at the bottom of it. That is simply wrong.
If different crypto news stopped speculating about the price all the time it would be beneficial for the quality of the whole crypto sphere.
If people stopped being obsessed by the price, it would be good too.
This is an honest call to everyone to start treating this great invention as it's meant to be - digital money. Including crypto news websites and youtubers who think that putting higher expected bitcoin price in the title will bring more clicks (and sadly, it usually does).
One says 1 million USD in 1 year, another says 10 million USD and so on... stop it, please. You are doing it wrong.
Speculating can harm the crypto currency's utility but still crypto in unknown so speculating it will help more people to find what is cryptos so they can also bring more and more people so then will be there is some real adoption.
People should have much more healthy approach to cryptocurrencies than "get rich quick" and should use bitcoin even if it was going to take 100 years to break ATH again.
Only then the whole system makes sense, otherwise, even if Bitcoin was not meant to be a Ponzi Scheme and obviously is not a Ponzi Scheme, it is actually approached by many "investors" as Ponzi Scheme and they hope to be at the bottom of it. That is simply wrong.
If different crypto news stopped speculating about the price all the time it would be beneficial for the quality of the whole crypto sphere.
If people stopped being obsessed by the price, it would be good too.
This is an honest call to everyone to start treating this great invention as it's meant to be - digital money. Including crypto news websites and youtubers who think that putting higher expected bitcoin price in the title will bring more clicks (and sadly, it usually does).
One says 1 million USD in 1 year, another says 10 million USD and so on... stop it, please. You are doing it wrong.
This is part of how people wanna treat Bitcoin.while there are people like them there are still people that treat this right like using this to circulate.Only then the whole system makes sense, otherwise, even if Bitcoin was not meant to be a Ponzi Scheme and obviously is not a Ponzi Scheme, it is actually approached by many "investors" as Ponzi Scheme and they hope to be at the bottom of it. That is simply wrong.
If different crypto news stopped speculating about the price all the time it would be beneficial for the quality of the whole crypto sphere.
If people stopped being obsessed by the price, it would be good too.
This is an honest call to everyone to start treating this great invention as it's meant to be - digital money. Including crypto news websites and youtubers who think that putting higher expected bitcoin price in the title will bring more clicks (and sadly, it usually does).
One says 1 million USD in 1 year, another says 10 million USD and so on... stop it, please. You are doing it wrong.
Like mind when there is a chance?i always pay using Bitcoin while the majority of my currency remains in my holding.
in this market there must be a panicking and patience these 2 makes this market moves like profiteering but laso losing.
of course, Bitcoin will not return to its ATH in 2017...
Bitcoin will create a new ATH record, it might fly to $ 50k or even $ 100k. Bitcoin prices will continue to rise without waiting for anything, so don't speculate that the price of Bitcoin will never go up.
Good ups there mate,yeah we will overpass the recent Hype and will make more than that.20k is just a peanut for the future price of Bitcoin.Bitcoin will create a new ATH record, it might fly to $ 50k or even $ 100k. Bitcoin prices will continue to rise without waiting for anything, so don't speculate that the price of Bitcoin will never go up.
Bitcoin's price will be whatever bitfinex/tether wants it to be. There might be another ATH or it may go lower. (Whichever benefits them most) tldr; it'll go up, down or sideways. 
Nobody really knows. This is what you call "manipulation of the markets". And manipulated markets are dangerous.
Nobody really knows. This is what you call "manipulation of the markets". And manipulated markets are dangerous.
Well, we don't know what will happen to bitcoin in the future. when the price of bitcoin was still very low, no one believed that the price of bitcoin could actually be above $ 10k, but it did. Well, however, right now there are quite a lot of people who think that bitcoin won't reach the new ATH anymore. however, we need to wait to see that. as far as I know, until now the price of bitcoin is still trying to go up.
The adoption is very close that just yesterday we saw an article that banks in US will now allow digital currency stored on them.
This is the article. https://www.forbes.com/sites/haileylennon/2020/07/22/bitcoin-meets-banking-as-us-bank-regulator-permits-cryptocurrency-custody/
If these kicks in that regular people can finally own a coin for themselves which we normally treat as an investment, this will beat the ATH. Its positive news for crypto users but bank account owners haven't yet discovered.
Well, we don't know what will happen to bitcoin in the future. when the price of bitcoin was still very low, no one believed that the price of bitcoin could actually be above $ 10k, but it did. Well, however, right now there are quite a lot of people who think that bitcoin won't reach the new ATH anymore. however, we need to wait to see that. as far as I know, until now the price of bitcoin is still trying to go up.
We might have not seen all the speculations yet, if majority of the youth or new generation will flock to this space asume that more and more wild speculations might come out. But its okey because they are part of this space by making more exciting for speculators and investors. I believed we are still at early stage.
Your title says that bitcoin will never reach it's ATH price anymore and in the OP you keep saying to use bitcoin as it was meant to be.
Nowhere have you mentioned any reason of why bitcoin will never reach it's ATH anymore.
Though what you said is true that bitcoin should be used for payment services more rather than for speculative purpose, you should have an aprropriate tiel for the same.
You should try not to use clickbait titles as it generally decreases the quality of your post.
Nowhere have you mentioned any reason of why bitcoin will never reach it's ATH anymore.
Though what you said is true that bitcoin should be used for payment services more rather than for speculative purpose, you should have an aprropriate tiel for the same.
You should try not to use clickbait titles as it generally decreases the quality of your post.
of course, Bitcoin will not return to its ATH in 2017...
Bitcoin will create a new ATH record, it might fly to $ 50k or even $ 100k. Bitcoin prices will continue to rise without waiting for anything, so don't speculate that the price of Bitcoin will never go up.
Bitcoin will create a new ATH record, it might fly to $ 50k or even $ 100k. Bitcoin prices will continue to rise without waiting for anything, so don't speculate that the price of Bitcoin will never go up.
The funny thing is that we will always have speculators in the space with unrealistic expectations for Bitcoin's price. Just before the halving in May, It was heavily speculated that bitcoin would be worth at least 2x of the last all time high price. I saw predictions of bitcoin reaching as high as $50k in May. Those are the kind of speculation that made a lot of people not to sell at $20K and caught the knife in the end. At the end of the day, Bitcoin's price will eventually grow in due time.
@OP, nice title. It caught my attention immediately I got on the board.
Yeah it is so funny because they make their selves dumb because they are giving speculation that very unrealistic because they do not use enough data that they can rely on. They are just creating hype within their selves that makes them dumb whenever they execute their trades. We should know how to identify trends and of course how to identify support and resistance. We should not base our decision just because someone say that the price of the bitcoin will go up in this current year. @OP, nice title. It caught my attention immediately I got on the board.
In order for btc to continue you need miners.
The definition is btc is created by conversion of power into coins.
Maintenance of miners profits is done by
gears cost
Gears watt to th ratio
Coin cost or going price
Difficulty of mining.
All of the above must be there and somewhat in balance.
They got way out of balance in dec 2017
Coin price was too high or difficulty was too low.
Or maybe both.
At the moment the balance is pretty close to correct.
So expect a large shift to toss it out of balance again.
The definition is btc is created by conversion of power into coins.
Maintenance of miners profits is done by
gears cost
Gears watt to th ratio
Coin cost or going price
Difficulty of mining.
All of the above must be there and somewhat in balance.
They got way out of balance in dec 2017
Coin price was too high or difficulty was too low.
Or maybe both.
At the moment the balance is pretty close to correct.
So expect a large shift to toss it out of balance again.
The halving we just experienced should have a noticeable effect on mining difficulty, shouldn't it? Even though there are less miners and less total watts of power in the network because mining became unprofitable, the difficulty should go up by at least a small amount while keeping the balance in check, and that would correspond to a small percentage BTC price increase, like +$500 or $1000 or so.
We can not stop people by saying the price can increase so high because people will have their analysis and prediction. What you can do now is don't think about them, and you should use your time to analyze the bitcoin price, so you can know what you need to do. When someone relates bitcoin to the Ponzi Scheme, maybe they don't know much about bitcoin so they can say like that.
Speaking from my own experience, all my friends who've bought BTC through Revolut or other similar platforms know nothing about BTC and only use it as a speculative asset. The ironic thing is, they say they're very interested in it and do see it the revolutionary future. If so, then maybe learn about it instead of focusing on the price?
Possibly this friend of yours are comforting themselves about their investment on BTC. They wanted to make themselves believe that they had invest in it in a right way. Though they should have bought Bitcoin directly and not on some other third party platform agenda.
Who ever say that they are not in for a profit why they are so inclined to Bitcoin is lying. There will be no interest if there is no gain or profit waiting at the end.
LOL you are literally doing the same thing here, making a price prediction for clicks You have no clue if bitcoin is going to reach it's all time high again or not. You've bases these assumptions on nothing. There is nothing wrong with making price predictions and not everyone who is , is treating it like it's an investment and no digital currency.
You have no clue if bitcoin is going to reach it's all time high again or not. You've bases these assumptions on nothing. There is nothing wrong with making price predictions and not everyone who is , is treating it like it's an investment and no digital currency. The funny thing is that we will always have speculators in the space with unrealistic expectations for Bitcoin's price. Just before the halving in May, It was heavily speculated that bitcoin would be worth at least 2x of the last all time high price. I saw predictions of bitcoin reaching as high as $50k in May. Those are the kind of speculation that made a lot of people not to sell at $20K and caught the knife in the end. At the end of the day, Bitcoin's price will eventually grow in due time.
@OP, nice title. It caught my attention immediately I got on the board.
Yes, speculation really be the problem. However, in my case if btc will get a good market price then selling it would be better. Anyway, bitcoin investment is always there and will just need to wait for the next halving. This is what I have been observe. Yet, bitcoin is still risky so whenever one like to invest I think it should be now not in the next halving. I do believe bitcoin will do good in the future. There will be instances that it could go so high after this pandemic probably. @OP, nice title. It caught my attention immediately I got on the board.
I understand your position, we should focus more on the technology than the pricing, while the aforementioned narrative is important, we can't rule out speculators, I personally think this speculators add spices to the whole market and make the community a very interesting one, this has in several times cause media houses to interview cryptocurrency influences and use same opportunity to educate the people about bitcoin. We just need to look at both sides.
I agree with the overall argument that we should all be more considerate and be treating digital currency for the innovation it is rather than for a way to make money fast - though, I think that with the right skills and time you could do.
While I understand the frustration most of these people share about price speculators contributing to these price volatility waves I believe it is important to make others aware specially if this info comes from reputable people to either attract new investors or to at least shed some light on the projection of the future market price - this I think is completely fine.
It attracts more reads and in the long run it may help with adoptability. It is the trash talk/s that need to be filtered out but unfortunately this is the world of the internet today!
People should have much more healthy approach to cryptocurrencies than "get rich quick" and should use bitcoin even if it was going to take 100 years to break ATH again.
Only then the whole system makes sense, otherwise, even if Bitcoin was not meant to be a Ponzi Scheme and obviously is not a Ponzi Scheme, it is actually approached by many "investors" as Ponzi Scheme and they hope to be at the bottom of it. That is simply wrong.
If different crypto news stopped speculating about the price all the time it would be beneficial for the quality of the whole crypto sphere.
If people stopped being obsessed by the price, it would be good too.
This is an honest call to everyone to start treating this great invention as it's meant to be - digital money. Including crypto news websites and youtubers who think that putting higher expected bitcoin price in the title will bring more clicks (and sadly, it usually does).
One says 1 million USD in 1 year, another says 10 million USD and so on... stop it, please. You are doing it wrong.
Yeah, people should have more healthy approaches regarding to crypto and bitcoin but you know what most of them want? Profit and that's logical but the worst here is that bitcoin turned into business and whales are here to get most out of it. Binance, Bitmain and other companies look bitcoin like a business and they try to be leaders here. Bitcoin was good in back, a lot of things changed recently, some for good and some for worse. The good thing is that people who use bitcoin for illegal purposes, are caught easily and bad, I already said that above.Only then the whole system makes sense, otherwise, even if Bitcoin was not meant to be a Ponzi Scheme and obviously is not a Ponzi Scheme, it is actually approached by many "investors" as Ponzi Scheme and they hope to be at the bottom of it. That is simply wrong.
If different crypto news stopped speculating about the price all the time it would be beneficial for the quality of the whole crypto sphere.
If people stopped being obsessed by the price, it would be good too.
This is an honest call to everyone to start treating this great invention as it's meant to be - digital money. Including crypto news websites and youtubers who think that putting higher expected bitcoin price in the title will bring more clicks (and sadly, it usually does).
One says 1 million USD in 1 year, another says 10 million USD and so on... stop it, please. You are doing it wrong.
Btw bitcoin's price rise means demand on it has increased and that's good.
The funny thing is that we will always have speculators in the space with unrealistic expectations for Bitcoin's price. Just before the halving in May, It was heavily speculated that bitcoin would be worth at least 2x of the last all time high price. I saw predictions of bitcoin reaching as high as $50k in May. Those are the kind of speculation that made a lot of people not to sell at $20K and caught the knife in the end. At the end of the day, Bitcoin's price will eventually grow in due time.
@OP, nice title. It caught my attention immediately I got on the board.
@OP, nice title. It caught my attention immediately I got on the board.
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