Topic: What if it just doesn't go down again? - page 2. (Read 1901 times)

How is that? Could you elaborate?

For the price to continue to go up, there has to be a continueing inflow of money into Bitcoin. Bitcoin will find a natural price range within this halving, where some of the long term investors will dump some of their Bitcoins.

As prices get higher, small investors only able to buy a few Bitcoins, Don't have anyway of making money off 1-2 Dollar swings in price, so new investors has to be of a more serious size, investing a few thousands first time they get into Bitcoin.

So from a pure scalability point of view, The inflow in Dollar has to increace exponentially and every next generation of investors has to invest an amount the same magnitude larger as the previous price increase.

So two conditions has to be met for the price to increase forever. Each of the two conditions mentioned, has a natural breaking point, so you will see a Bitcoin crash in your life time, don't worry!

And that usually never happens.

We'd all be some rich motherf***ers.

Baring some horrific hack or some other destruction of the core idea behind Bitcoin- What happens if it just never goes down again? What if this is the cheapest it will ever be? Or at least the cheapest it will be for years to come.

What if Bitcoin is Apple in the late 1990's when Steve Jobs was just about to hit his stride? The wider and deeper the market, the more stable it will be come and as publicity follows publicity follows new market-cap highs, perhaps we are entering a positive feedback cycle, where the more you bitcoin the more you bitcoin.

This growth has been a lot slower and deeper then the last time we hit $32. Maybe this growth will be here to stay?

Not only that- bitcoin essentially is hitting a point where it NEEDS to continuously grow to stay. It is in some weird metaphoric sense, a publicly traded company- where each bitcoin is your 'share' in the idea.

At this point to accomplish our goals, or at least to accomplish the goals of many of the new Fiat dollars that are pouring into the system presently, is to become a legitimate international currency. All that new money will bail the second it doesn't think this won't grow to the moon. Hence it needs to grow relentlessly- maybe not explosively, but relentlessly.

And maybe, baring something terrible- it won't ever really go down again. Perhaps?