Topic: Is the Bitcoin market going to collapse? - page 6. (Read 1090 times)

Bitcoin is "going for collapse" every few months. Some people just don't see it. If Bitcoin falls it doesn't mean that it will fall forever.

You seem to be saying two things, and correct me if I’m wrong. Firstly that you think bitcoins current 37.5% dominance of the market cap will continue to fall as other blockchains disrupt the world and replace its use as a cryptocurrency and it becomes mainly a store of value only, and secondly that you see the cryptomarket collapsing and bitcoin price at risk of collapsing further if the market is in a bubble or one forms.

I certainly agree that the later generation blockchains and protocols being developed will in turn allow the development of dApps that will slowly replace the current massive centralised companies and businesses we all use over the next 10-15 years in a third major technology revolution of the world. I disagree however that use of bitcoin will become redundant over that 15 years, and in fact I see the opposite happening with bitcoin continuing to be the most important cryptocurrency in this new world for payments as well as an increasingly important store of value as you say. And I say this for several reasons. Firstly while bitcoin had problems with Tx speed and costs late last year, this was only because of the unprecedented heavy demands put on its network at the time which are magnitudes bigger than any other cryptocoin has ever faced - and in fact the bitcoin network which has never been hacked or compromised coped quite well and is now running smoothly again! And to cope with increased demands on the bitcoin network with the next big run up in price and its adoption and use by more of the population, the 200+ dedicated developers working on the bitcoin network (which compares with the 10-20 developers typically working on other blockchains) are finalising 6 major exciting improvements to the network that will improve its robustness a lot! Secondly bitcoin is the recognised ‘face’ of crypto, and its recognised by >50% of people in the world many of whom are interested I owning and using it - and buying it will continue to be the entry point for most new people coming into crypto! And given its limited and fixed supply i believe its value will continue to increase exponentially much as it has for the last 8 years, as shown nicely in a linear fashion in this log-graph i recently constructed of bitcoins price from 2010 to early 2018 - https://imgur.com/gallery/9iF3t . The linear exponential growth for the last 7 years is extrapolated out over the next 7 years in the log-graph giving values of bitcoin in the hundreds of thousands, and while it’s very important to remember that a projection of past behaviour like this is in NO way predictive of what will happen in the future I do believe that the positive factors I’ve mentioned will lead to increases in bitcoins value like seen in the graph as its ownership and use by people increases from the current <1% of people who own or use it to 10-15% ownership and use over the next 5-10 years - and I think it will hold its place as the most valuable cryptocurrency over this time with at least 40% of the market cap.

And as you can also see from the log-graph the bitcoin price shorter term goes through big speculative upwards runs and then crashes and moves sideways, with the periods each lasting 12-24 months. We are currently 6 months into a period of bitcoin having crashed 60% from its Dec 17 ATH and it moving in a sideways fashion at ~$8-10K, which will probably last for another six months before the next major upswing takes it to a new ATH of $50K in 2019. And my feeling is that we are at the bottom of this market crash since Dec 17, and that we won’t see bitcoin collapse under $7K before the next bull market fuelled by institutional money and another 1-2% of the population FOMOing in to buy bitcoin first and then other altcoins in the next major upswing. But there’s no guarantees in investment or life of course, and theres always a small chance that the whole crypto space may become worthless which is why people investing in crypto are told never to invest more than they can afford to lose! Good luck with your investing!

Be patient, and do not panic, bitcoin market will not collapse, currently bitcoin prices fall but for the next few months bitcoin prices will definitely increase high.

Crashes are normal if the the crypto can still recover but if a crash occur and a coin does not seem to recover anymore then that is not a usuall crash but rather that is what you call a collapse.  Cryptos can possibly collapse if they are not getting a demand anymore and infact it does already happen on some other alts ( shit alts or shitcoins ) that are only purpose is for pump and dump scheme. 

But in the case of bitcoin i dont think it can collapse instantly because bitcoin is way too useful and people loves to use it all the time.

Crashes are a natural part of any market, people act as if there are not crashes in the fiat markets the difference is that since this market is so new that the crashes are bigger and more frequent but there is not going to be a total collapse of the market after all even if bitcoin is nowhere close to being perfect it is still a useful coin so it cannot become worthless overnight.

The current market value is still very high and more than that of other competitive coins or currencies in the market. we know that this valuable coin  has all the secrets behind as the market demand is higher than the market demands of other coins and also the response of this coin is also frictionless than that of other coins. These are the factors which are in the favor of Bitcoin due to its proper work in the market.

No IMO.  Because there's no negative news that can cause  bitcoin growth rate to continue to collapse. Which is for me perhaps it will not under 7k on this circumstances and for sure before the end of month or mid of june the price will continue to climb again or surpass 10k value. 'cause this is just a temporary situation which is always happened even before, so don't panic guys it will not go down more.  .

I do not know if the market share of bitcoin is going to keep reducing, it is true that is the general trend that we have seen in the last months, but many of the coins that are taking market share out of bitcoin are not really that solid and some of them were hard forks of bitcoin that do not have any real value and are there only to allow traders to speculate with their prices.

I think that's impossible. bitcoin is the strongest and most reliable crypto, many investors are investing in bitcoin, and it is highly unlikely that the bitcoin market will collapse.

will never collapse the bitcoin market while there are still a lot of devotees and bitcoin users. especially now that there are so many people who use bitcoin to make money where people invest

This is a price drop and it's normal for crypto coins and the market will not collapse. This is only a decline and only temporary and the market will improve again.

it will not collapse because many great person are bitcoin investors and aside from that the original will always has the best weapon to compete many and remain at the successful level.

That will not happen because investors will never let that to happen and if bitcoin will collapse all will go first which is makes it more impossible. If you will heard or read any news saying bitcoin market will collapse I assure you that its a Fud and there is no reality living behind on that shit news.

Just because you have seen too much fallback it doesn't mean that Bitcoin will collapse soon. I think you haven't here for a while then because you didn't know what's the Bitcoin is struggling in the past but despite of all of that Bitcoin was able to survive no matter what storm could try to destroy it. Thanks to the wonderful works of all the developers and the team of Bitcoin core they are now continuing their services to all of the people that appreciate the value of Bitcoin.

No it will not, do you think that the bitcoin owner will just let that happen to market of bitcoin of course not right they have so many backers for sure and there are some people out there for sure that helping to improve the bitcoins transactions. I am hoping that someday bitcoin will rise again and reach the value of december 2017 again.

This is correct. I have no words for people who think that just because we have thousands of altcoins so bitcoin is destined to fall.
We need to get real here - no amount of random shitcoins will gonna make people sell BTC and go for altcoin XY.
Bitcoin is not a sprint it is a marathon - so if someone is expecting price spike to $100k overnight - then maybe it is better to buy altcoins then.

Bitcoin is an established currency and it will be difficult for it to collapse under any circumstance. Though it can go down and up during a period,but it don't means it will crash. If other upcoming alternative currency that can collapse but not bitcoins nor ether.

History has a habit of repeating itself. However, the pattern of prices after the recurrence of history, make their own adjustments. Bitcoin was already experiencing such ups and downs. This correction will also pass.
In my opinion bitcoin will not die. Because regulation of the state will be the basis of fixing bitcoin as payment tool. We just need a little bit more time and must be patient.

Bitcoin is still alive and not collapsing . Because the price decreasing it will increase again the price. So better to buy more bitcoin and you will earn a lot of money . Bitcoin mraket will recover so you don't have to worry.

If bitcoin collapse it's because of the panic seller who are panicking when the price decrease they sell their bitcoin even they lose money.

I am sure that bitcoin price will increase higher so I think maybe the price will change to the higher price in the next month so we need to prepare for the price is increased. and I am sure that bitcoin market is not going to collapse and even if the price is down too deep like what we see now, the price will recover soon and the price will increase later.