Topic: If the current Bitcoin suddenly becomes a bubble overnight and never recovers - page 2. (Read 361 times)
May 30, 2021, 05:33:49 PM
The world will don't care if that happens. There might be another run that shall on bitcoin because you cannot stop us, the people that are believing on bitcoin. If the crash happens and it's really bad as you're imagining, you'll see a lot of people and even the whales will get all of those bitcoins at sale. It's highly unlikely that bitcoin will never recover. With its attitude and characteristic, being volatile makes it even more easy to recover whether an overnight bubble burst will come.
May 30, 2021, 05:30:45 PM
You'll see the market picking up the pieces as if nothing occurred in a few days. If you have any doubts about Bitcoin's ability to make a spectacular recovery, simply go to that timeline. What was the last time Bitcoin was pronounced DEAD? Surprisingly, no one has declared it dead as of yet. All because we are aware of its history and unquestionable resiliency.
May 25, 2021, 08:02:45 AM
If the current Bitcoin suddenly becomes a bubble overnight and never recovers, what will happen to the world?
Bitcoin can drop very much in price, but it is unlikely to ever drop to zero. Even if this happens and bitcoin loses a significant part of its price, this means that its holders will suffer very large losses. However, the world of cryptocurrency will not collapse, there are already more than ten thousand altcoins and many of them are quite useful and convenient for people. Altcoins will already exist anyway, even if something happens to Bitcoin. May 25, 2021, 02:15:04 AM
Nothing will happen, at most you will see a lot of social news about suicides, jumping from buildings, bankruptcies, and then in the next few years the world will be like Bitcoin that has never appeared.
That's a bit far fetched, there was stock market collapse but the myth of people jumping off the building is persistent that you thought it is going to happen to crypto too. Remember that there is no trading firm for crypto so how will they even jump. Maybe the world will move on but I am pretty sure that there will be a lot of people that aregoing to stay faithful hoping that everything will go back. May 25, 2021, 02:05:00 AM
If the current Bitcoin suddenly becomes a bubble overnight and never recovers, what will happen to the world?
The question and concern of Bitcoin being a bubble has had been discussed so many, many times not just in this forum but also everywhere there is a topic on cryptocurrency. And many times over, it is proven that Bitcoin is not a bubble and is here to stay for good. I understand that newcomers to Bitcoin can be afraid that one day Bitcoin will just go worthless or zero in value. I am happy to note that as of now, it is not going to happen. The current dip is not the biggest downturn for Bitcoin - in fact, this is just peanut and very temporary.
Days from now, you see the market picking up the pieces as if nothing happened. Just skip into that timeline in case you are in real doubt of Bitcoin's capacity for a great comeback. How many times had Bitcoin been declared DEAD? Amazingly, no one is declaring it to be dead as of this time...all because we know its history and its unquestioned resiliency.
May 25, 2021, 02:03:00 AM
It's possible to become a bubble overnight
I can't recover anymore, it's totally impossible
Unless there is a disruptive storage method
I can't recover anymore, it's totally impossible
Unless there is a disruptive storage method
May 25, 2021, 02:02:01 AM
Nothing will happen, at most you will see a lot of social news about suicides, jumping from buildings, bankruptcies, and then in the next few years the world will be like Bitcoin that has never appeared.
May 25, 2021, 02:00:06 AM
Suppose that one day Bitcoin suddenly plunges overnight, and from then on it begins to fall. There must be people who want to liquidate their positions. The liquidation comes in batches. Whoever has higher leverage will be reported first. If someone is in debt to buy coins, they will sell their house and sell their car to repay the debt after the liquidation. Remember that a couple brought them some time ago The tragedy of children jumping into the river together. There is no product that only rises and does not fall. There must be a bottom line for this type of investment: no leverage, control of positions, and no borrowing to buy. Big boss Musk bought 1.5 billion usd of Bitcoin, which is a very low proportion of his company's total assets and can be ignored. Even if Bitcoin drops to zero, the boss has nothing to do. It is more likely that the big brother will only start to fall after it is sold out. How can sickle and leeks be compared together?
May 25, 2021, 01:57:01 AM
If the current Bitcoin suddenly becomes a bubble overnight and never recovers, what will happen to the world?
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