Topic: Why Bitcoin will collapse in price. (Read 24607 times)

This is what exactly I was thinking in my mind, It is indeed a bad situation for merchants when Governments prohibit them to do trading with Bitcoins, However these fear can be avoidable, If all corporates business people make a chain between them and force the government to adopt the bitcoin digital currency in their monetary systems.

Bitcoin has a big p2p market right now.

√ African villages using bitcoin to trade groceries
√ Taiwan, China, Hong kong, Mexico and Argentina has many new shops accepting bitcoin
√ Massive online P2P markets, some are based on IRC chat, some are forums like this one (marketplace section
√ Some big companies accepting or considering btc in the future
√ The online gaming industry is considering to add bitcoin into MMO games as payment system, in the future maybe ingame currency
√ Gamblers, Porn, and other unusual things done via bitcoin

So why would the price collapse? The BITCOIN economy is thriving!!!!!!!!!!!!!!!!!!!!!

not to mention that the price was nothing, so at launch bitcoin was only see as currency and nothing only, then when it acquired value, it start to become more investment and less currency

but i think in the future it can maintain a good ratio between the two

Are you sure?  The first transaction, AFAIK, was Satoshi sending some coins to Hal Finney for test. I don't think that there was much investment in bitcoin until demand for use as the SilkRoad currency drove the price up.

Undergoing projects work on such drawbacks to protect bitcoin from stolen.
It will come soon in future.

bitcoin has been used as speculative investment from the day the first transaction has ever happened. it has been a medium of exchange and store of value even back then in the early days. it was not an average joe who were making the market back. it is the speculation that drives the market, in the early days even more so. bitcoin will be big not because people will buy burgers with it. no, it is the big players that will drive it to at least intel valuation levels (currently x42).

well the risk is always there, we can only say that the chance that bitcoin will succeed is greater than the one which can lead it to its died

worst case bitcoin will remain for a nice market, it will never die, because there is nothing that can replace it for that nice market

I don't agree with you. Bitcoin has more potentiality ! And it'll never collapse in price 

As the use of bitcoin expands, its acceptance also expands with it. With more acceptance and supply and demand taking place equally, the currency will grow. The price will increase too accordingly.

Or not!!!
Really does not matter I know one thing
There will be people who will lose but will be people who will benefit
So everything will be fine.

I think the future of any company, product or a person can only be predicted. Prediction with a right or wrong, a yes or a no solution provided only 50% chances of something happening. Bitcoin is a god damn revolution, it is here to change things and we are its supporters. Lets jump the hurdles together.

Bitcoin is the medium of exchange
The exchange ultimately resumed services after admitting that about $5 million worth of bitcoins had been stolen
If bitcoins are stolen continuously it will affect global economics in the future. 

Do you believe that bitcoin ever fail ? I assume that you are not convinced with what he has said, if your assumption is correct, then honestly me to think the same that, there is no way that bitcoin will give out its value so easily, we must note that being in crisis situation, Greece is going to installed the First Bitcoin ATM Machine in their production environment. They finally came to know the real value of Bitcoin Gold.

FUD is generally a strategic attempt to influence perception by disseminating negative and dubious or false information. An individual firm, for example, might use FUD to invite unfavorable opinions and speculation about a competitor's product; to increase the general estimation of switching costs among current customers; or to maintain leverage over a current business partner who could potentially become a rival.

Why the fuck do I respond to these old posts? Focus, erdogan.

I agree on the pyramid view, it is a pyramid, all money is. But one pyramid will stand, the best pyramid, and it will stand until something better comes along, maybe forever.

1. Bitcoin is used in the transaction to pay for the goods, that is the definition of the medium of exchange, so you are wrong.

1a. They have not made it impossible. Because it exists.

1b. Prohibition would be a drag, but they have not done it. They do not have a monopoly on money, only soft and hard currency controls sometimes. The fact that they do not hold a monopoly, is the reason why other fiats take over when they mismanage.

2 Store of value, the one and only function of money, exists because people want to hold them. Transactionability is necessary for the store of value function. It is futile to store something of no value for direct use if you can't trade them when you want.

2xx Altcoins: Go ahead, we want free market, private money, all the altcoins you care to invent. The market will decide what is the best money. For me, bitcoin is best.

2yy Not useful; I agree, they must be traded for something useful. Not wanted? They are wanted conditionally, for example someone wants bitcoin this moment on finex if they can get some for 247.47 USD, four of them, to be exact.

Conclusion, government attack on miners; well they are not omnipotent, there must be somewhere on the globe where you can operate a mining rig occulted.

Conclusion xx: That referenced post is a wall of text.

Man, you sweep up truckloads of bad arguments from the floor. And you need to structure  your posts better if you insist on numbering, I get cognitive dissonance from trying to navigate your post.

Man this thread is so old, and the OP is out of line, in 2013 of course people have worried about Bitcoin's collapse.

But we are in 2015, over 80.000 merchants use it and politicians also accept it for campaign bribery donations, so it will survive and thrive in the coming years 

I don't see bitcoin can colapse below 150$, but I can see steady price for a year and then another balloon to 2k$.
If it's not gonna happen in the next year, then in 2 years. It's just the matter of time.