Topic: WHAT HAPPENS IF BITCOIN POPS? - page 2. (Read 655 times)

That may actually be true. You need to modify that statement slightly though. Current holders with a vested interest are highly motivated to attempt to keep the bubble from popping as much as possible.

You need to remember, there are roughly a million stolen bitcoins being controlled by people that have no vested interest in maintaining the price. A large percentage of the entire economy is controlled by people that don’t give a shit about bitcoin. Satoshi has over a million bitcoins that will eventually enter the market. Millions of bitcoins are also controlled by people that mined bitcoins at the very beginning when they were worth almost nothing. These people can sell at any reasonable price and become famously wealthy. What incentive do they have for waiting 20 years to sell? They’re not going to wait until they’re old and can’t enjoy the money.

The current group of venture capital and private equity fund investors with a risk-seeking attitude are clearly crazy. Their whole world can come crumbling down around their feet because of the huge group of people listed in the previous paragraph.

Current holders won't be letting it happen, these who own large amount of bitcoins are the only ones that may do a move to decrease its price... no wonder these who bought at high prices...

Well, did we not have the bubble popped already unless you feel we are still in a state of bubble ?

The bubble really was huge in the previous days but I am sure we may have been able to find a bottom already unless it is a fake bottom for now. I would call the previous rally from $10k to 19k a bubble honestly, but we are even lucky and sure shows how strong the community is to have been able to find the correction just to this level.

It is impossible to do today, because it costs way too much. However, in 2016 I made a lot of small payments of like $10 or so, and it was much easier than anything else.
That was the reason that led me to invest in it, and if it gets that back (LN?) then it would be good for transactions, as long as you sell it quickly

“What is a 'Speculative Bubble'
A speculative bubble is a spike in asset values within a particular industry, commodity, or asset class. A speculative bubble is usually caused by exaggerated expectations of future growth, price appreciation, or other events that could cause an increase in asset values. This drives trading volumes higher, and as more investors rally around the heightened expectation, buyers outnumber sellers, pushing prices beyond what an objective analysis of intrinsic value would suggest.

The bubble is not completed until prices fall back down to normalized levels; this usually involves a period of steep decline in price during which most investors panic and sell out of their investments.”

“What is the 'Intrinsic Value'
The intrinsic value is the actual value of a company or an asset based on an underlying perception of its true value including all aspects of the business, in terms of both tangible and intangible factors. This value may or may not be the same as the current market value. Additionally, intrinsic value is primarily used in options pricing to indicate the amount an option is in the money.”

“What is an 'Asset Class'
An asset class is a group of securities that exhibits similar characteristics, behaves similarly in the marketplace and is subject to the same laws and regulations. The three main asset classes are equities, or stocks; fixed income, or bonds; and cash equivalents, or money market instruments. Some investment professionals add real estate and commodities, and possibly other types of investments, to the asset class mix.“


https://www.investopedia.com/terms/s/speculativebubble.asp#ixzz52UHXtIq9

Bitcoin is like USD of cryptos. If it falls, the entire crypto economy will fall, money will start disappearing from the markets. And just so you know bitcoin is not a bubble for it to pop. There are so many factors that prove bitcoin not to be a bubble. The word bubble came to bitcoin only because of stock market buyers assuming shit. Do not tend to confuse bitcoin, my friend.

Yeah, well, that’s monstrously expensive. I don’t have a contact in another country to do that for me and that’s too much trouble. Why would I do that anyway when I can pay with google wallet, it’s cheap, it’s fast and it’s free.

The only thing is that we may have to wait for a little while to get it back up but with patience and some pretty good waits, it would most definitely do. The only pop we could ever end up having is the correction we have just had and I feel that is the highest it could ever pop to after the crazy bull rally and that is a healthy one anyway, but if we get it lower the more, which obviously is by our own actions, then it would just give us a chance to pile up more for the future, but a pop like that? No way can it happen.

That's not an issue. You just buy Bitcoin, then transfer it to the person in the other country (which Paypal doesn't support), and the person converts back.

I have been involved in Bitcoin transactions a lot, and the price fluctuation is not a problem for people.

I think nothing happen

DECENTRALIZATION !!

Bitcoin's strength lies in its decentralized nature. Because Bitcoin is not owned by a centralized banking system, unlike a country's currency.
its value can not be manipulated arbitrarily by the production of any currency.
This gives Bitcoin a commodity stability like gold.

does gold ever pops and lost of huge part its value !? certainly not!!. then bitcoin is like that, even better.

Nothing will happen. We have seen just couple of weeks ago when bitcoin plunges to more than 40% right? But still, bitcoin is standing as of today. Many were worried about what transcribed, panic selling, people cash out, resulting on a huge amount slashed out of the market. However, it has recovered and the price is now very strong again.

It will happen definitely, bitcoin is very volatile, unstable, however, since its really based on speculation, people still buy even at top price. And most of us wants to buy specially in dip. So this alone will not let bitcoin go down, because there's a lot of investors waiting in line to purchase it.

It's all down to supply and demand. Recently the infratructure of Bitcoin has burped back telling us that it cannot handle crazy surges with crazy money.
What happened.

Crazymoney people buy because they heard Bitcoin was going up.
Whales take profits and push down price.
Crazymoney people get scared and sell and push down price.
Whales buy back in at low prices.
Price goes back to normal.
Crazymoney people are bagholders.
Whales made profit.


So in short .... Bitcoin was getting circle jerked by amateur YOLO investors. Whales win

Note: Crazymoney is people that go in, in full TARD or gamble mode. Buying with what they cannot afford to lose.

Really? From what I can see it’s still worth $5,000 less than it was two weeks ago. It’s lost one quarter of its value in under two weeks. Why would anyone trust a currency that moves by one quarter of its value that fast? However, for a speculators play toy that’s great.

It can't pop cuz it's not a bubble. Yet the price can go low. As low as 6-7k I believe

Depending on how low it goes, I'll be okay. I didn't want to get rich at $250/BTC in 2015. I just got tired of getting banned by WU because of gambling site transactions...

Anything can happen but one thing is that there are stages and that is why we keep having those deep corrections so as to get the market to stay healthy.

The worst pop that would ever happen is getting bitcoin as far back as $8,000 and just very few will really get to even quickly hold at that price as that would be some pretty solid base. However, like you said, this is just the time for the bears and I am sure they are done for now or close to done.

It will be increase $50000

Yep. In the last 2 weeks it popped all the way up to an ATH, then popped down in a lovely beartrap and popped right back back up to where it was 2 weeks ago.

Poppity pop. 

The trading itself is what would keep the bubble popping if at all it is a bubble but bitcoin is more than that and there is really no way we can see such a pop. The present rally already popped and that was expected and I do not think we can really see it go hugely lower than it already is.

The community decides the amount they want to sell and as long as the bears are not more than the bulls in huge population, or there is nothing to create a huge scare that would turn the community into turmoil, then there is nothing here to pop.