Topic: Why bitcoin isn't going to crash - page 2. (Read 3062 times)
Famous last words. A bear market will come but the question is from what level. 1250, 5000, 10000, 100000. An 80% decline from 10000 is 2000, higher than the current price. A 90% decline from 100000 is 10000, almost 10x the current price.
Also some people believe it can go far but can take several price dips on the way up; so they try to use that opportunity to increase their Bitcoin holdings.
True, some wins BTC, some looses BTC along the road.
Also some people believe it can go far but can take several price dips on the way up; so they try to use that opportunity to increase their Bitcoin holdings.
Isn`t it a classic bear indicator when people start believing that a bubble isn`t going to crash anymore?
You`re right that some people believe bitcoin will keep rising and eventually be used as a legitimate currency. But most of those people are active on bitcointalk and reddit, and likely constitute a small fraction of total investors at this point. Most are just waiting for a healthy return, and once they feel the buy support shrinking or if some other catalyst comes along they will run for the exits. It will be a Chinese fire drill when that happens.
Ehhh... :\ You`re right that some people believe bitcoin will keep rising and eventually be used as a legitimate currency. But most of those people are active on bitcointalk and reddit, and likely constitute a small fraction of total investors at this point. Most are just waiting for a healthy return, and once they feel the buy support shrinking or if some other catalyst comes along they will run for the exits. It will be a Chinese fire drill when that happens.
People aren't going to sell - they'll instead buy with bitcoin and save on tax fees/etc.
Thoughts?
Thoughts?
Your right, paying taxes is so disgusting I dont ever consider converting Bitcoin to cash. I preffer slow spending instead
Isn`t it a classic bear indicator when people start believing that a bubble isn`t going to crash anymore?
You`re right that some people believe bitcoin will keep rising and eventually be used as a legitimate currency. But most of those people are active on bitcointalk and reddit, and likely constitute a small fraction of total investors at this point. Most are just waiting for a healthy return, and once they feel the buy support shrinking or if some other catalyst comes along they will run for the exits. It will be a Chinese fire drill when that happens.
You`re right that some people believe bitcoin will keep rising and eventually be used as a legitimate currency. But most of those people are active on bitcointalk and reddit, and likely constitute a small fraction of total investors at this point. Most are just waiting for a healthy return, and once they feel the buy support shrinking or if some other catalyst comes along they will run for the exits. It will be a Chinese fire drill when that happens.
People are getting into bitcoin because they believe it can go far and be used as a currency.
Whenever it crashes, people quickly buy back.
People aren't going to sell - they'll instead buy with bitcoin and save on tax fees/etc.
Thoughts?
Whenever it crashes, people quickly buy back.
People aren't going to sell - they'll instead buy with bitcoin and save on tax fees/etc.
Thoughts?
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