Topic: Why Bitcoin cannot drop in price - page 2. (Read 3831 times)

Price is dropping right now because we are at a bubble and August 1 is nearing. It will continue to drop by to 2,000 level

And remain the No. 1 cryptocurrency at that

If we are to cut the crap and face the facts, Bitcoin is at the top of cryptocurrencies simply because it has managed to attract the biggest amount of fiat (dollars, euro, etc) compared to other currencies (note that this has nothing to do with the so-called "market cap"). And it did so because it has been outpacing most other coins in terms of generating profits in the long term (while generating less losses when it didn't fare quite well, say in 2014-2015), apart from being the first mover, of course. Some coins have recently been (or had been in the past) more profitable than Bitcoin but they all lacked consistency, i.e. the capability of generating profits over long enough time frames. Conversely, if Bitcoin starts generating losses and that wouldn't be temporary while some other currency shows more profitability over the same time span, people will start losing interest in Bitcoin as a speculative asset and turn toward that currency. The inference is that if you want to make Bitcoin die a painful and miserable death, you should, first, make its prices at least stagnant, and, second, pour enough cash into some other coin (more or less decent in terms of technology behind it, say, Litecoin) while (and this is the most important point here) keeping this growth for a certain period of time until the process turns self-sustainable and self-reinforcing

That might not make a lot of sense in the past when Bitcoin was strong (since that would be outright prohibitively expensive), but things may change if, for example, Bitcoin fails to scale successfully. In fact, it may happen even without external and deliberate influence but just because of Bitcoin price declining for a sufficient amount of time on its own. And this is the point I want to discuss

I saw that the price of bitcoin is dropping right now, but it is not a bubble and will not be. The price is like this for the last couple of weeks. Seeing a drop then recovering at a high price of $2700. So the price fluctuates because we are nearing the Segwit2x activation. And those really selling now are just afraid to lose this investment without knowing that bitcoin price could really surge after the activation.

After the implementation of segwit and the result is visible. The price again will pump and this is too bad for those who dump out of panic. Hahahah. Bitcoin investors is just like a waves of zombie, once there is a food they are all keep rushing on it as well if there is no food, they will start to turn away and never wait.

I saw that the price of bitcoin is dropping right now, but it is not a bubble and will not be. The price is like this for the last couple of weeks. Seeing a drop then recovering at a high price of $2700. So the price fluctuates because we are nearing the Segwit2x activation. And those really selling now are just afraid to lose this investment without knowing that bitcoin price could really surge after the activation.

Price is dropping right now because we are at a bubble and August 1 is nearing. It will continue to drop by to 2,000 level

For me bitcoin price actually is volatile it is desired as unstable price. We could not predict it until what price will drop as long there is demand of bitcoin that it will stands firm. Bitcoin definitely wont drop instantly because of many invested in it and I believe it will continously increasing.

I think bitcoin can not be discounted is unpredictable. No one can predict the future of btc. In the past its value has been very stable and continuously increasing in recent times it is decreasing because btc has attracted a large amount of dollars like ero or. Btc tends to decrease.

 bitcoin is highly demanded currency it is (price) higher than all currencies of the world and Transaction takes time but it makes money pure and secure. bitcoin is safe for those who knows all the skills of investment and trading. moreover the bitcoin investment is very profitable as you say about the price increase, yeah its price is always increasing and in future it will be very profitable for those who invest their money.    

Bitcoins are at the top of the cryptocurrency race because it was able to gain alot of popularity in the early days, no one imagined how profitable it was going to be on the long run and once people knew about making money by mining it drew a lot of people in,I think the current price will hover around $2000 and never go below that.

And remain the No. 1 cryptocurrency at that

If we are to cut the crap and face the facts, Bitcoin is at the top of cryptocurrencies simply because it has managed to attract the biggest amount of fiat (dollars, euro, etc) compared to other currencies (note that this has nothing to do with the so-called "market cap"). And it did so because it has been outpacing most other coins in terms of generating profits in the long term (while generating less losses when it didn't fare quite well, say in 2014-2015), apart from being the first mover, of course. Some coins have recently been (or had been in the past) more profitable than Bitcoin but they all lacked consistency, i.e. the capability of generating profits over long enough time frames. Conversely, if Bitcoin starts generating losses and that wouldn't be temporary while some other currency shows more profitability over the same time span, people will start losing interest in Bitcoin as a speculative asset and turn toward that currency. The inference is that if you want to make Bitcoin die a painful and miserable death, you should, first, make its prices at least stagnant, and, second, pour enough cash into some other coin (more or less decent in terms of technology behind it, say, Litecoin) while (and this is the most important point here) keeping this growth for a certain period of time until the process turns self-sustainable and self-reinforcing

That might not make a lot of sense in the past when Bitcoin was strong (since that would be outright prohibitively expensive), but things may change if, for example, Bitcoin fails to scale successfully. In fact, it may happen even without external and deliberate influence but just because of Bitcoin price declining for a sufficient amount of time on its own. And this is the point I want to discuss

I think why bitcoin does not go down and always up from year to year. Maybe people are already familiar with bitcoin and buy bitcoin with a large amount. They use bitcoins to save and invest. The more people buy bitcoin the higher the bitcoin price. And it makes us fortune to invest bitcoin. I remember once I bought 1 btc for 1000 $ and now btc reach 3000 $ .. from there I feel if I invest bitcoin now .. 5 years to come will surely increase the price

Its been droping and coming up always there is no specific reason

Bitcoin is now so popular the price of it will not drop because of many users are supporting and using it. Because of its high price many investors are  attractive  to it going to invest there money. Because bitcoin now is the future!