Is the Bitcoin market going to collapse? - page 8.

drachman

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Quote from: EditorX on May 20, 2018, 12:40:30 AM

My opinion is that in time Bitcoin market share will keep reducing, as many other coins and tokens and platforms will keep surging.

In the long term, the blockchain technology is very disruptive. Bitcoin will more likely compete with Gold, Ethereum will provide a backbone for many uses.

So I am not really sure a collapse is incoming, it depends if a real bubble will quickly form.

The market share of bitcoin has been reduced in an artificial way, there are many forks and some of them very big like bitcoin gold that has reduced the dominance in the market of cryptocurrencies, but also there are many new coins that appear and then disappear after a while that also reduce the dominance of bitcoin in the market, if the bubble really collapses all of the weak coins are going to disappear not the strongest coin in the market.

lelylely

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Quote from: EditorX on May 20, 2018, 12:40:30 AM

My opinion is that in time Bitcoin market share will keep reducing, as many other coins and tokens and platforms will keep surging.

In the long term, the blockchain technology is very disruptive. Bitcoin will more likely compete with Gold, Ethereum will provide a backbone for many uses.

So I am not really sure a collapse is incoming, it depends if a real bubble will quickly form.

The collapse of bitcoin will only exist in the minds of dubious people, bitcoin is the perfect cryptocoin, many people believe in bitcoin and it will make bitcoin persist in any situation.

airdagon

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Quote from: followmenot on May 20, 2018, 10:28:28 AM

No Bitcoin isn't going to collapse like ever. There are many many people mining bitcoin everday and its just gains value by that way. Also its code has proved to be secure. There are no reasons for it to die completely.

Bitcoin will eventually collapse through incriminating government regulations. professor kenneth s. rogoff believes that the risk of financial anonymity will eventually create an environment in which regulation will destroy bitcoin. but right you think, man. that the collapse will not last forever.

goaldigger

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Bitcoin market collapse is impossible to tell now because although its value drops big time, a lot of people panic sell, scams blooms like mushrooms, and a lot of fake news on forum and social media, people still believe and it. Its a majority of people seeing this down as a normal thing happens everyday, not giving any negative comments and continue what they are doing.

magneto

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Quote from: EditorX on May 20, 2018, 12:40:30 AM

My opinion is that in time Bitcoin market share will keep reducing, as many other coins and tokens and platforms will keep surging.

In the long term, the blockchain technology is very disruptive. Bitcoin will more likely compete with Gold, Ethereum will provide a backbone for many uses.

So I am not really sure a collapse is incoming, it depends if a real bubble will quickly form.

I believe that bitcoin dominance is currently massive undervalued.

It's almost like the gold:silver ratio right now, just like silver is massive undervalued compared to gold, bitcoin is undervalued compared to the rest of the crypto market. A lot of people are flooding to new projects with absolutely no understanding of what they are practically going to address. And most of these newer projects are going to be replaced with even newer ones in the future, while bitcoin remains the only real long term asset in crypto.

BTC isn't going anywhere in the long run. In fact, it'll be the best long term crypto to hold, and history has demonstrated that. The fact that bitcoin is the most widely adopted, practically used, and simply the first crypto to exist, means that it's intrinsically more valuable, and trusted by many more people. I think bitcoin dominance in the long run should probably belong at least in the 60-80% region, which right now, isn't even 40% which is ridiculous.

mostcrack

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Not so sure of the bitcoin collapse, even if bitcoin collapses it will soon rise again where prices are getting cheaper and allow people to buy more, and everyone believes bitcoin is therefore number one among the other coins, for newly emerging coins they are just stop by to make a profit when it meets the maximum limit they will come back again to buy bitcoin, i'm sure bitcoin will always be number one.

spyerf

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I think that's impossible. bitcoin is a trusted future currency, every time more and more people come to crypto market and buy bitcoin even in small quantities. and bitcoin values never exist under any coins.

Kemarit

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Quote from: EditorX on May 20, 2018, 12:40:30 AM

My opinion is that in time Bitcoin market share will keep reducing, as many other coins and tokens and platforms will keep surging.

In the long term, the blockchain technology is very disruptive. Bitcoin will more likely compete with Gold, Ethereum will provide a backbone for many uses.

So I am not really sure a collapse is incoming, it depends if a real bubble will quickly form.

LOL. You mean shitcoins will just keep surging exponentially and sustainable? The last time I checked bitcoin is still the number 1 coins and there's no one close to it regarding the price. And those so called "Flippening" and "Rippening", must to the dismay of some of its proponents. If you see that altcoins markets share are increasing, it means that it is being pump hard, and you will what's coming, because later those coins will just be dumped and investors shifting to bitcoin market again. And even if another bubble form and burst, it will again bounce back. Rinse and Repeat.

Ararbermas

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By the ways the growth rate already collapsed mate since the price touch down 10k value. And in my view there will be no another huge dump on this circumstances which is it will stay above 8k and it will not go further. And perhaps after moth of may it will rise again IMO. because there's no worst situation occurs to cause more dump in the market. so perhaps it will stabilize again after or before end of month.

Aristus

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It is true that everything is possible in crypto currency because sometimes it is look like a bubble, and then weak hands are on the market, whales are there to control the price, government are opposing it, and media is also making their contribution. One of them sometimes may the cause of the crash of price of bitcoin but it doesn't mean that it can lead us to the conclusion that bitcoin market will collapse because through one of them to is the reason why bitcoin always recover. So for me the market of bitcoin will never collapse.

poplolnman

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Quote from: Tankdestroyer on May 20, 2018, 06:00:08 AM

Quote from: Pursuer on May 20, 2018, 02:50:09 AM

bitcoin and gold are not in the same race to compete with each other.

Are they really? I think gold and btc got many similarities. The most notable similarity gold got from btc is that their supplies are both obtained in mining and is limited in numbers. In due time bitcoin will/might also be used as a medium of storing value, and by that time it will compete with gold.

Quote from: chickenado on May 20, 2018, 02:54:44 AM

I just observe that every time there is a price down trend many posts or subject for posting are saying and asking the same line as this " Is bitcoin going to collapse?"

Don't mind them because most of those who ask that question are total newbies in crypto space that have invested in btc because of the get rich quick hype that was started when bitcoin have drastically risen from 1000$ to unimaginable prices now or users who intends to spread FUD.

That's true , there some similarities between gold and Bitcoin but it doesn't mean it would compete each other , in term of currency that used to trade things anywhere anytime ... Bitcoin are leading where gold aren't in the same way.
I wouldn't surprised if then in the coming weeks whenever Bitcoin price bounce back people would cheering says " to the moon " without remember how desperate they was before , funny to see things like this cycling , poor newcomer .

BitHodler

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Quote from: alyssa85 on May 21, 2018, 08:21:43 AM

It's true that there are now a lot of other coins, but they haven't really made much progress, so the chances of them overtaking bitcoin is slim to none.

Technically speaking, only Ethereum managed to differentiate itself from the massive crowd of altcoins. There are a few other coins doing relatively well, but none of them hit a market as hard as Ethereum.

If we look at the old-school altcoins, they all have ended pretty bad in terms of their value. Only Litecoin managed to keep holding up its ratio against Bitcoin. I am fairly sure that current altcoins and tokens will end exactly like that.

There just isn't any need for that many coins. They don't contribute to anything other than allowing pump and dump schemes to use them occasionally as get rich quick tool, and that's the hard reality.

GoldenLad

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I doubt if bitcoin will ever compete with Gold or Ethereum or even any other cryptocurrency. Most people keeps on saying and seeing this happens but I still have my doubts. It might with Gold to an extend but with Ethereum, I don't think it will ever happen. Though, any cryptocurrency that has a better thing to offer than bitcoin might threaten the position of bitcoin. But it won't still happen.

Aikidoka

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Sinbad Mixer: Mix Your BTC Quickly

I respect your opinion, but that is not enough if you do not provide it with a valid argument. As a matter of fact, bitcoin reached the moon once upon a time. And I do believe it will do it again because no one should underestimate bitcoin's potentials because it is unpredictable, not to mention that now it is encountering many issues and most of governments are fighting against it. When those issues go away, Bitcoin will rise.

Eleven86

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It is very hard to predict about the future. We dont know what is going to happen in future. But in the case of bitcoin it is not happen that is botcoin will not get colapsed. Because bitcoin will be the number one cryptocurrency as of now. There are so many trustworthy coins available now. Most of them are genuine some are not. Eventhough no other coins would beat bitcoin price. Many investors are investing in bitcoin so in future bitcoin will not colapse.

alyssa85

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CryptoTalk.Org - Get Paid for every Post!

Quote from: EditorX on May 20, 2018, 12:40:30 AM

My opinion is that in time Bitcoin market share will keep reducing, as many other coins and tokens and platforms will keep surging.

In the long term, the blockchain technology is very disruptive. Bitcoin will more likely compete with Gold, Ethereum will provide a backbone for many uses.

So I am not really sure a collapse is incoming, it depends if a real bubble will quickly form.

It's true that there are now a lot of other coins, but they haven't really made much progress, so the chances of them overtaking bitcoin is slim to none.

TTITA

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Quote from: chickenado on May 20, 2018, 02:54:44 AM

Quote from: EditorX on May 20, 2018, 12:40:30 AM

My opinion is that in time Bitcoin market share will keep reducing, as many other coins and tokens and platforms will keep surging.

In the long term, the blockchain technology is very disruptive. Bitcoin will more likely compete with Gold, Ethereum will provide a backbone for many uses.

So I am not really sure a collapse is incoming, it depends if a real bubble will quickly form.

I just observe that every time there is a price down trend many posts or subject for posting are saying and asking the same line as this " Is bitcoin going to collapse?" well people needs to understand that since the beggining of bitcoin up to now it has been struggling in the past 9 years but it stayed and dominated. If in time it will collapse then i think it will take a life time to do so. With the advent of technology and the impact of block chain it will continue to evolve into a more better platform to serve nations and people. This price down trend is just normal, we had lower price in the market than this february this year was 6k infact. We have to remember that bitcoin started out to be of no value in the market but it has proven its worth and now against all those negative propaganda it continues to dominate in the cryptocurrency industry and it will continue to become better.

So, it seems for some of those people who are hates Bitcoin becoming happy when price going down, isn't it. In the end, there opinion doesn't mean anything at all. Bitcoin has been stand live for 9 years, many bad and good news are come and go, what we do expect more. Bitcoin has been proven it has value more than gold and many investor around the world using it as investment. Bubble? I don't think so.

bitcoindian

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Quote from: trako on May 21, 2018, 06:10:50 AM

The bitcoin market does not collapse. a preliminary market. this is not a very simple thing. but it would be better if it was moving now. this speed is too low. and does not meet our expectations. Although the investments seem to be harmless, we are losing time...

Bitcoin is not quick scheme to make money like you there are many traders around the world waiting for Bitcoin price. The market is not accurate every time, so we have to be very patient when dealing with the Bitcoin market because already we know Bitcoin price is fluctuating hugely.

trako

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The bitcoin market does not collapse. a preliminary market. this is not a very simple thing. but it would be better if it was moving now. this speed is too low. and does not meet our expectations. Although the investments seem to be harmless, we are losing time...

anavir

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Quote from: socks435 on May 20, 2018, 12:48:34 PM

I think for now it is hard to predict if bitcoin will be going to collapse because bitcoin is unpredictable.
Honestly, altcoin helps bitcoin a lot because they are promoting their project but they are accepting bitcoin as payment that is why investors keep buying bitcoin then invest in altcoin that is why the price of bitcoin is kept increasing.

i agree with you mate..it is a vice versa relationship.Investors use bitcoin to buy altcoins so some of altcoins price goes up because of the demands and at the same time bitcoin price goes up too because investors used more bitcoins to be used in buying altcoins making bitcoins rise their price because of the demands

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