Topic: What If Bitcoin Fall?? - page 5. (Read 1017 times)

Problem is determining the proper valuation of Bitcoin in the future. How can you determine the right value of the technology to make such comment that it grow further while the ATH price is already huge for a Blockchain technology that has a lot of competitor with better performance in terms of TPS?

I was curious to know to the right formula for Bitcoin valuation because there’s might be a possibility that the current ATH might be the last ATH we can ever have while price at below 10K for a long time.

This is a hypothetical question of a philosophical nature, such as if cars did not exist and were not invented what would have happened? Nothing will happen. People will simply find a way other than horse-drawn wagons to get to distant places more quickly.
 Same with Bitcoin. If Bitcoin didn't exist and wasn't invented, people would simply have found something else more sophisticated and dynamic than paper money and the banking system.
 Life is progressing in only one direction, it is changing and never stops. There is an existential inevitability that pushes people to constantly evolve for the better and faster, so if Bitcoin did not exist, something faster and more advanced alternative would be invented than paper money.
 But simply bitcoin exists and this question makes no sense.

Bitcoin will never fall, in the current future price of bitcoin may reach its bottom but considering the technology behind Bitcoin and its current implementation in businesses clearly indicate that Bitcoin will create history by reaching ATH.

Since Bitcoin's launch, there were many times, many entities have had rumours about its failure, But to date, Bitcoin has proved its existence.

Do you mean what people will do if bitcoins will lose their value? or it might not be useful in the future anymore? Well, these kinds of speculations are just mere delusions by those critics who continue to find ways to criticize everything about bitcoins. Bitcoin nowadays already made its historical massive popularity all around the world and most people know how important it is to have bitcoins as their assets to avoid the banks from getting control of their money. Bitcoin will move forward and the price will not allow it to fall, volatility will remain until it reaches its maximum price and it will stay there like stablecoins.

I'm pretty sure the current state of Bitcoin will not be destroyed until the world collapse,  If there have such an issue, we could have seen it long ago. We can trust it’s high price volatility that can be much reduction . Since this is a trading platform, it is not uncommon for this to happen. So I’m not willing to think about impossible supposition. Where I always dream of holding BTC.

If it wasn't created, then we will still be in a same financial system where everything will be paid using fiat currency. We will still be in a financial system where the value of the currency we have is slowly decreasing and there is nothing we can do about it because it is the only currency that we have.
If Bitcoin didn't created or existed then it didn't existed or created. Is there any answer to it?

If Bitcoin falls then you said it already, people will buy but unfortunately, that isn't the case for most of the investors. Investors tend to be more scary and panicking right now instead of taking the opportunity to buy and accumulate Bitcoins at a cheaper price. Who are the ones that are buying right now? Large institutions, intelligent investors and those who are taking the opportunity right now.

So you are asking what if bitcoin didn't existed at all or what if bitcoin disappeared? There is no question clarity in your statement and from your writing style it seems you are non native speaker.

If btc wasn't there we would we pressurized under the same Central chain of authorities and fiat revolving around the economy and most probably the altcoin scenario would not have existed also as they follow bitcoin paths after its success.So if you are asking something clear about it.

I really can't see this happening, but if bitcoin were to fail it would basically take the whole crypto spaced with it.  If bitcoin dies, so does crypto as it is responsible for the rise of the whole cryptosphere.  

i think only you got what i asked. 🤩

Happens 1000 times a day. It's called oversold. Or overbought. Anyways. You got it.

I have TRX outperforming it on the side.

I am buying the dip. Aggressively. And again.

See the "Bitcoin Rainbow Price Chart". Find it on google. "Firesale" is on.

Admin. I wish imagebucket was not the enemy.(The chart comes with a code snippet so one can include it on ones own site).

What if it doesn't?  What if this is the new global store of value that the powers that be use to resolve debts with each other?  What if this is a once in a lifetime chance to buy a Bitcoin before governments and big business snap them all up for themselves?  Sure, it might fail and we all might have lost a bunch of time and money chasing this dream of the separation of money and state.  I think we probably all learned a lot though and hopefully had some fun along the way.

You can ask what if it fails.  I'll keep asking what if it doesn't.

Based on how Bitcoin has changed my life, I would say it would be a terrible time. It would be like going a decade back.

No trading assets as a retail trader
No purchasing items online using Bitcoin
No financial freedom (Being my own bank)
No transferring funds oversees with very little fees and without having to be spied on by financial authorities.

Falls?
Of course it would really be having that behavior because it cant really be called a market on the first place if it do just only moves up (impossible).
Falling of price does indicate two things whether its a normal market movement or something would really gonna die since people would be leaving or stopping on supporting it.
What if bitcoin doesnt exist? For sure we dont have crypto market as of this moment and if theres one then for sure the top coin would be always the origin
of all crypto just like on what people been seeing on BTC itself.

Deal with falling price and instead on freaking out then its better to see or look for these moments to be a good opportunity for you  to buy in.

I think of it this way:
To make Bitcoin fall, a few things would need to happen. For some reason, price going to 0 and remain there for ever. A continuous network outage or a metheor to hit the earth and wipe us all.

Well, for price to go down, I don't even know what woul need to happen. There will always be people buying and selling.
For a network outage to b effective it would have to be kind of for ever, otherwise, as soon as a node could connect to the network, the network could be brought back up again and continue!
The other option is not even discussable! :p

So, I can't see Bitcoin falling without any other major events/catastrophes also taking place!

Then many would still go back to the same hard type of living without bitcoin. You know that many people have made their living better because of bitcoin.

It has given many of us the financial independence and also thought us a lot of things from finance, economics and other things related to money matters.

And to my life, I guess I'd be stuck in saving my money in bank having that 1%-5% per year that will also be lessened due to inflation and won't be forced to know about financial freedom

Maybe more extreme and bs ideologies would emerge in some countries after these crises, because people are too dumb to actually understand the actual causations of them and then look for easy answers. Before Bitcoin it wasnt really clear to me how to fix the money, someone who isnt familiar with the concept of decentralization might not see that trust based models will always fail on a big scale. And they might be believing more control is the answer to solve these issues.

welcome back to real world 2008
you just go to the shop, buy your groceries with fiat. and cry about how the financial crisis is just going to repeat again every 12-24 years where you then try to stash a bit of wealth in precious minerals underneath your floorboards and not leave too much in bank savings account incase of hyper inflation

Then we wouldnt be talking here right now and there would be no way you would have a money that is independent from financial institutions and the government. There would be no alternative to the current broken system and no fix for it, because even if they would try to fix it, it would still require trust to work. You would be completely in the hands of some sociopath politcians, take canada for example. They could censor you however you want and freeze all your accounts forever, for doing a donation to a protest. You would have no real alternative to escape inflation. Authoritarianism would thrive even harder, without much to put against it. We wouldnt be here talking about decentralization. There wouldnt be many possibilities for an individual to stay self sovereign in all of this. This is our biggest weapon in not letting totalitarianism get out of hand.

depends on how it was to fall..

you are asking a very simplistic question wanting a simplistic answer even though there are hundreds of variables involved

EG
if you mean a catastropphy event where all nodes and miners went offline at same time where no blocks were made and no way to transfer ownership to do trades..
and it to never return..
well that would be an unprecedented event to have something that never returns.
you would be talking about if a solar electromagnetic wave wiped out all electronic devices/chips type of event.

peoples first concern would be their house electric/heating and water meters were not functioning too. no power no running water (back to Victorian era/wild west cowboy days)

if it were not a EMP event. and instead if it were a break in ALL cryptography where nothing is safe and wont ever be safe.
then bank accounts, debit card tap&pay devices, website secure payment gateways, phone calls and other tech would be in trouble. too
but while the world goes back to paper money and real people stood at a desk at a bank branch manually counting paper.. there would be no blockchains, where even internet would just be simple splash screen information stuff style internet of 1995(just prettier)
there would be no blockchain no bitcoin no altcoin.. just back to good old paper money again and no fiat gateway to do online fiat stuff. its all like everything went back 50 years. lets call it on balance of averages.. 1980's era lifestyle


if it were not that but instead just a backdoor bug in ECDSA/SHA.
that would affect other world devices too so expect real world (non bitcoin users) panic too. while banks and any smart device changes and does software updates

as for bitcoin
then thats just a wait for devs to change the algo's to then get mining and trusted transaction ownership signing/transfers to start again..
then thats a timescale to panic and then timescale to rebuild trust again. and how volatile the value change happens inbetween. (unpredictable to give you a number)
chances are that not everyone would trust it again. or take years to rebuild it to the levels that took years to build in the first place. in all cases too many variables to predict which path follows. probably an alt that never used ECDSA/SHA might become popular. but i dont think there is one that doesnt use ECDSA. so dont expect that to be the main path the future goes

if it were not that and instead a code bug local to bitcoin only.
chances are devs could backdate the node software. while keeping the latest block at last seen height. and eventually get things running again.
by which you are then asking about timescales and panic and rebuilding trust and confidence..
much more sooner but not minutes/hours to be "normal" but also not years of lost confidence either.
somewhere between weeks to months
the network may function again very very quick in minutes/hours.. or days at most. but the trust and confidence might take weeks to months.
some may just drop bitcoin to use an alt that never had those bugs. and some may see it as a success story about overcoming disaster and trust it more that the community is stronger then other projects by being able to overcome/fix a catastrophy

too many variables to tell