Topic: Here is why Bitcoin can only go down (Read 688 times)

Well, there are limited Bitcoin, but you're forgetting one thing – that Bitcoin can be broken down to fractions called Millibitcoins and Satoshis, and when breaking down to these numbers you will see that the amount will increase – one Bitcoin is equal to 100 million Satoshis, if you multiply that number 26 million bitcoins that is a lot of numbers. And as people continue to buy and sell bitcoins and the demand for it increases you will also see the price of one Bitcoin increases, and as the price of Bitcoin increases the worth of one Satoshi increase with it.

You might be surprised that one day the price for one Satoshi will be $1. Just saying… we can't really tell the future.

Bitcoin has died more than hundreds times!
Yet we are here in quite decent price with a lot of supportive projects behind . You can call it whatever.. bitcoin has proven those people who doubting bitcoin since long time ago are completely wrong.

Well doesn't matter it falls dow to the lowest, it would always be a good news for me

Even since the beginning when people laughing at the early adopters that money called bitcoin will not worth anything but shit.
Those early adopters are billionaires running business everywhere.

I think we will see bitcoin price will going on to fluctuate in the future, especially if the price is at a higher price. It seems before we reached the highest price, the price goes down many times, but we can hope that the price will be increased after the down of the price. And we will have more chances to buy bitcoin at a low price and sell at a high price. I don't think that bitcoin will only go down without any chance to go up because bitcoin will be volatile.

That's true, that guy is misinformed and uneducated after ten years and still moving up people who still think that Bitcoin will burst do not do proper research on how Bitcoin evolves over the years, and we can't understand why people keeps saying all these things, would have been different if Bitcoin is just new here, but it's already ten years.

After reached higher price from first start bitcoin launching to public now bitcoin have go down with lower price, always have moment with bitcoin on higher or lower price give us be careful when invest with bitcoin, have to know when bitcoin get positive respond from public to make price on higher and know when bitcoin in lower price.

Whenever the prices falls or when market witness dump or correction period there are lot of negative threads similar like you which tries to create FUD by making wrong calculations and judgements which have no base.Everytime people who hate it say it will be dead as it is bubble which will burst out but everytime btc surge from bottom points and reach higher level as 2017 crash bottemed the prices below $5k and now it has pump to above $8000 and will continue to surge even higher and reach ATH so have faith and HODL.

bitcoin price is currently quite high. We should be proud of the price of bitcoin, which is currently stable at $ 7k. The price of $ 7k is huge compared to the price of bitcoin in 2016. Don't just assume bitcoin will only go down. See the bitcoin graph from year to year. Bitcoin is increasingly rising. The rise and fall of bitcoin is a characteristic of fluctuating cryptocurrency.

The difference why your comparison is not a good one because they are very different in nature. The only reason why companies like Motorola wasn't able to adjust, is because the market is very dynamic. There's no constant with what people wants. And Motorola wasn't able to cope up with the demands. With what they're looking for. They were once famous, but because of growing competency that made more innovative phones than Motorola.  They should've made innovations with their product and didn't just stick to a single one. Same with Nokia. But with cryptocurrency, we all know that there's already a lot of altcoins coming, yet they still can't reach bitcoin. Bitcoin's value is volatile as well. No matter how others try to develop their coins, bitcoin will remain leading.

Bitcoin is unlike motorola that is only function is to be used as a tool while on the other hand bitcoin is a secured currency use to transfer tons of money around the globe without the need of personal details like paypal and banks so they're different things. The reason why people invest and love bitcoin is because of the profits and benefits you gain from it the freedom of not being restricted to use your own money like in centralized monetary system we have.

You seem to forget, that the other manufacturers made better products. That is not the case with altcoins. The demand for bitcoins has not diminished, which is why it has the price it has. It appears that, bitcoin is working as intended, and is undergoing the proof of time.

In a way, Bitcoin IS a work of art, a "Mona Lisa" as you say, while the others have only managed to make bad copies of it. There only 1 (true) Mona Lisa and there is only 1 Bitcoin. It even comes with its own certificate of authenticity...

What is the market price? Whatever the market dictates. It is my theory that as more time passes, fewer increments the price will have Zoom out please, and see for yourself. It will never go down, simply because its supply is limited, but it is getting less and less increments over time. The only reason it could go to 100k as you say, would be if the demand somehow skyrockets. Given the pass of time, i think this is less and less the case, most of those that wanted bitcoins have already obtained them, and they don't want to part with them unless absolutely necessary, as is the natural consequence of a deflationary coin.

Should the price deviate too much from its "natural place", it will correct sooner or later, quickly or slowly. There is no reason to worry or blame the market, even if you consider everybody else delusional. Fact is demand for bitcoin has also has its historical trend, reflected in the market price.

Ask yourself, why would people suddenly not want their bitcoins anymore? What could you possibly say or do that would change their minds, that has not already been tried during the last decade? Satoshi said it could fail miserably and be worthless as you claim, or that it would succeed. 10 years later, it has a price you may not agree with, but the world collective known as the market agrees upon.

Its basically you alone, vs the world.

Things get valued not by what it costs to produce them, but how useful are for you at any given moment. It is the same argument of the price of a cup of water in the desert or an ice cube in the Artic. The value of things as explained by the Austrian school of economy, is something you MUST study to understand the kind of economy Bitcoin is leading the world into.

You may live in a country where your perfect politicians never damage the currency by doing stupid things like printing to fit their ill conceived budgets, but those of us living under hyperinflation, find the likes of Bitcoin invaluable, even if we are destined to exchange it back every time we need to buy something. But at least its better than see your money lose value overnight. EVEN with bitcoin price fluctuations, it is keeping a huge lot of the value you invest in it, and sometimes it even INCREASES it...

In my country, a bitcoin is 250 MILLION, it was like 150 MILLION last week, that while its price in USD actually went down a bit. DO YOU get it? The people who find the coin useful are plenty enough to keep its price going up. There are some of us using it for real, literally eating because of it, even if the merchant selling the food has no idea because he got fiat money that was exchanged prior the transaction.

Comparing these two is definitely not to be discussed. As obvious bitcoin has it's limited supply and once more adoption and more demands value could surge in the market. And I don’t see any other reasons bitcoin and Motorola should be compared.

peoples are writing the posts on every dip, But all are still fear the crypto platform because again market is start the fall so all the new investors are waiting for the further hype. This year we are all see many pump and dump in the market and next we are all expect the good hype on Bitcoin.

People are wiritng posts and articles like this after every price drop

I really like the premise you used for your deduction-Motorola. One of the major factors in marketing is evolution.  The mobile phone industry is a fast-evolving one.  Within the last 10 years,  numerous advancements in the field of mobile phone development have been made. The question is ' How has Motorola evolved with the market'? Recently,  I heard they redesigned their Motorola Razr as an Android device. It's obvious that although they were the leading pioneers, they lost lost their advantage by being unable to evolve in the highly competitive market.


Will that be the case with Bitcoin?  No!  Why, because it not centralized, constantly evolving,  and a scare commodity. 

There really is no ground for the comparison of the both of them.

I think you are in a misconception that the limited supply of bitcoin is the only factor for it's price going bullish.
There are so many  other factors as well which derives the price of bitcoin, the most important being the trust which people have on bitcoin.
So comparing Motorola with Bitcoin with respect to it's limited supply is definitely inappropriate.

Bitcoin is not just numbers and hashes and addresses. Its main strength is adoption, network effect and a time-tested community of developers, users and businesses that trust the fact that it has no centralized authority, That is a lot of stuff that Motorola did not need to consider when it started manufacturing mobiles or when any of the others copied them.

All the other bags you hold have compromised at times or have centralized figureheads. Stop spewing bullshit and go back to whatever BCash or Craig Wright shit hole you are coming from. 

He really doesn't know about Bitcoin and how it works. This kind of assumption and speculations don't have any basis which ironically won't make sense anymore. He is one of the fudders around and tried to mislead us, and he thinks that we are stupid enough to think that he was right.
For we know about Bitcoin for many years, and I'd never think that it will get into the point that it will be turning down deeper.

This is the most stupid argument ever about Bitcoin. You can produce as many phones as you want.

Bitcoin is unique and it only allows humans to produce only 21 million ever.

This guy is just nonsense

I partly agree with what you said, few days ago I read once again an absurd prediction and I thought:

Do people really believe that just because supply is limited and because we will have the next halving price should be $250,000 by 2022 or $500,000 by 2020? Or are trying to convince more people to buy bitcoin?

What if 5 years from now there have a better currency than bitcoin?

What if a few years from now governments create cryptos better than bitcoin?

I like bitcoin and the idea of ​​Hold, but I don't believe in those predictions of $ 250,000 or $ 500,000 or $ 1 million. I believe the price may rise relative to the current price and the number of people entering the crypto world will also increase in the future.

I bet you did not really do any investigation about DOTcom bubble, right?
I think bitcoin and the whole market is not far different from. but investors know that, so bubble did now blow (yet)
but I don't think it will, cause even after dotcom, still many companies alive, so do the crypto market