Bitcoin is just losing its value but not its numbers. May the others sell their 100 Bitcoins but many are also buying it.
This might be the reason why we can't see Bitcoin fall into zero value but rather to keep seeing it up and down. A roller-coaster trend will signify that not all of us are riding all the way in one direction, there's always having in the different and opposite directions.
And to the fact that Bitcoin existed for more than a decade already is just because many people are supporting this and we don't easily give up even crisis arose in the market.
Topic: Why bitcoin will never fall? - page 3. (Read 708 times)
Yes, that is true.
Even if it goes down, the buyers will still be there to pump it and resurrect the value of it.
But, we don't have to worry about that by now.
It is still on its way into being popular specially now.
I don't think you also want to get change by physical coins by now because you might get a virus.
Bitcoin is the solution, they just don't want to admit it.
Even if it goes down, the buyers will still be there to pump it and resurrect the value of it.
But, we don't have to worry about that by now.
It is still on its way into being popular specially now.
I don't think you also want to get change by physical coins by now because you might get a virus.
Bitcoin is the solution, they just don't want to admit it.
Bitcoin is like a dollar, only in the cryptocurrency world, well, it is worth an order of magnitude higher)
Bitcoin is like dollar??? Then why did Satoshi spend countless hours creating Bitcoin if it will be the same as the dollar then?? Useless opinion of yours.Any government can print dollar or any other currency that they have anytime they want so it is inflationary while in Bitcoin you can't change the total supply of it which is 21,000,000 so it is deflationary. This statement is enough already to differentiate the 2 currencies.
Overall, as long as there are people using Bitcoin it will never fall. See the altcoins who doesn't have any people that are using. They ended up being a dead or a scam coin. It will not happen to Bitcoin since it is the most used cryptocurrency in the world and most trusted. No way it will fall.
First: Bitcoin survives thanks to mining.
Second: Bitcoin has already been through falls and several bearish trends. This is a very persistent asset. Its system is designed in such a way that rate corrections and other adverse market conditions will not pose a threat to the existence of Bitcoin.
Third: it is very banal, but it is used by a very large number of people working with cryptocurrency. Bitcoin is like a dollar, only in the cryptocurrency world, well, it is worth an order of magnitude higher)
Well, another thing that can be said is that they invest in it and sell it and buy it. And this keeps the market going
Of course, this is all very superficial, but you should not worry that it will start to fall heavily at some point (although I think that when it falls heavily and then there will be a strong jump)
Second: Bitcoin has already been through falls and several bearish trends. This is a very persistent asset. Its system is designed in such a way that rate corrections and other adverse market conditions will not pose a threat to the existence of Bitcoin.
Third: it is very banal, but it is used by a very large number of people working with cryptocurrency. Bitcoin is like a dollar, only in the cryptocurrency world, well, it is worth an order of magnitude higher)
Well, another thing that can be said is that they invest in it and sell it and buy it. And this keeps the market going
Of course, this is all very superficial, but you should not worry that it will start to fall heavily at some point (although I think that when it falls heavily and then there will be a strong jump)
I support your statement, and this is by far the biggest challenge Bitcoin is facing, there's no big crisis like this because there's not a pandemic for the last 100 years, and it's very surprising that Bitcoin is still bouncing back, after this all small obstacles will be overcome.
Here is the issue with bitcoin at the moment, its correlated with most world equity indicies like SPX500 and DOW30.
Sure they are inflating the dollar, and while BTC is deflationary currency its still follows many risk-on assets. Go to tradingview and click the + button and add an indices like SPX500 and look at an H4 chart and see how well they follow one another.
With all these corona infections and high unemployment numbers its only a matter of time when SP500 breaks the low of March and heads lower and will bitcoin follow? It might and have a big crash like before.
Sure they are inflating the dollar, and while BTC is deflationary currency its still follows many risk-on assets. Go to tradingview and click the + button and add an indices like SPX500 and look at an H4 chart and see how well they follow one another.
With all these corona infections and high unemployment numbers its only a matter of time when SP500 breaks the low of March and heads lower and will bitcoin follow? It might and have a big crash like before.
One of my concerns is the wide expectation that we're looking at another 2008 or even another 1929. Sentiment wise, the market has already been climbing a wall of worry. I've seen lots of people buying puts and getting destroyed the last couple weeks.
These levels of stimulus and QE are truly unprecedented too. That's another thing that makes me cautious about getting too bearish. The Fed is literally buying junk bonds at this point: https://www.bloomberg.com/news/articles/2020-04-09/fed-unleashes-fresh-steps-for-as-much-as-2-3-trillion-in-aid
This is all terrible for future inflation rates, but as far as the markets go, this crash still looks like 1987. For now.
Here is the issue with bitcoin at the moment, its correlated with most world equity indicies like SPX500 and DOW30.
Sure they are inflating the dollar, and while BTC is deflationary currency its still follows many risk-on assets. Go to tradingview and click the + button and add an indices like SPX500 and look at an H4 chart and see how well they follow one another.
With all these corona infections and high unemployment numbers its only a matter of time when SP500 breaks the low of March and heads lower and will bitcoin follow? It might and have a big crash like before.
Sure they are inflating the dollar, and while BTC is deflationary currency its still follows many risk-on assets. Go to tradingview and click the + button and add an indices like SPX500 and look at an H4 chart and see how well they follow one another.
With all these corona infections and high unemployment numbers its only a matter of time when SP500 breaks the low of March and heads lower and will bitcoin follow? It might and have a big crash like before.
Failure is subject though, mining? of course, because there are incentives to mine bitcoin obviously, individuals or big entities will continue to mine as long as they are going to make money out of it. We won't be hear, 10 years or more has pass and bitcoin is still standing, the price goes on a bubble in 2017 and even though we have been through a lot of tough times, it is so resilient. I don't know why you compare bitcoin to dollar though, maybe what you mean is that bitcoin is like a currency.
I'm happy because people are very optmistic about BTC, and I'm too
But let's not forget that if prices fall to much, miners will turn off their machines and it generates a cascade effect that can be very bad, so there's a chance, a small chance
But let's not forget that if prices fall to much, miners will turn off their machines and it generates a cascade effect that can be very bad, so there's a chance, a small chance
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would you feel happy if bitcoin fell ?, bitcoin will never touch the price of less than $ 1000,
even though some people say that Bitcoin is predicted to touch $ 1,000 it's still acceptable.
here everything can happen, if you have a bad scenario it can happen, make sure you have a good strategy
even though some people say that Bitcoin is predicted to touch $ 1,000 it's still acceptable.
here everything can happen, if you have a bad scenario it can happen, make sure you have a good strategy
I am not happy if bitcoin fall but if that is what will happen, then I cannot do anything except wait for the lowest price and try to buy bitcoin again with that price. That will be a happy moment for me to buy bitcoin at the lowest price because I might never see such a price in the future. Behind of the sadness, there will be a happy moment to us, so you better don't feel too sad because who knows, you will have a chance to buy as much bitcoin as you can when the price is down too deep.
I am of course Russian (actually I'm on the English forum, just because there is a chance that the gift of merit is higher than that of the Russian) and the translator does not translate very well, but your answer is quite clear and I agree with it
No, I think it will never be lower than 2-3 thousand
would you feel happy if bitcoin fell ?, bitcoin will never touch the price of less than $ 1000,
even though some people say that Bitcoin is predicted to touch $ 1,000 it's still acceptable.
here everything can happen, if you have a bad scenario it can happen, make sure you have a good strategy
even though some people say that Bitcoin is predicted to touch $ 1,000 it's still acceptable.
here everything can happen, if you have a bad scenario it can happen, make sure you have a good strategy
Let me play devil's advocate.
In the bootstrapping phase, yes. Miners were the original BTC investors. Now the roles have reversed. People build mining operations based on perceived profitability. If BTC goes to $0 and stays there, miners will just abandon it.
For ~10 years, during which the market is speculating about whether or not Bitcoin will be adopted or abandoned. In the scope of human history that's meaningless, and it doesn't prove the bold statement.
Spoken like a true perma bull.
Don't get me wrong. I'm a long term Bitcoin bull, but I view it as a matter of probability. The possibility of failure has been reduced over this past decade, but it is not gone by any means. Perma bulls think Bitcoin is guaranteed to succeed and nothing could ever stop it. I think that's ridiculous. Looking back at human history, there is a strong possibility that BTC will be mostly abandoned, if not for superior technologies, then for tried and true forms of money.
First: Bitcoin survives thanks to mining.
In the bootstrapping phase, yes. Miners were the original BTC investors. Now the roles have reversed. People build mining operations based on perceived profitability. If BTC goes to $0 and stays there, miners will just abandon it.
Second: Bitcoin has already been through falls and several bearish trends. This is a very persistent asset. Its system is designed in such a way that rate corrections and other adverse market conditions will not pose a threat to the existence of Bitcoin.
For ~10 years, during which the market is speculating about whether or not Bitcoin will be adopted or abandoned. In the scope of human history that's meaningless, and it doesn't prove the bold statement.
Of course, this is all very superficial, but you should not worry that it will start to fall heavily at some point (although I think that when it falls heavily and then there will be a strong jump)
Spoken like a true perma bull.
Don't get me wrong. I'm a long term Bitcoin bull, but I view it as a matter of probability. The possibility of failure has been reduced over this past decade, but it is not gone by any means. Perma bulls think Bitcoin is guaranteed to succeed and nothing could ever stop it. I think that's ridiculous. Looking back at human history, there is a strong possibility that BTC will be mostly abandoned, if not for superior technologies, then for tried and true forms of money.
It simply because we don't want it to happen. Many were in panic selling but it much more (or majority) are in the hold and protecting not to fall into the drama. Someone is selling and many were buying. This thing may help the market not to dump as some people think about it.
Well, It may be because they are thinking of the outbreak but not actually we are lock into the local market when it dumps crypto market will do the same.
Well, It may be because they are thinking of the outbreak but not actually we are lock into the local market when it dumps crypto market will do the same.
That’s what happened when we reached the level of $3k again and it jumps off to the level of $5k, which can be consider a real quick bounce. Bitcoin seems to be a safe haven to some people but we have to admit that bitcoin is just a normal currency too where it pumps and dumps. We will see a more dump prices but we should be happy on that because I know that’s the only way for us to buy cheaper bitcoin, and allows us to hold more bitcoin.
Bitcoin has the security, adoption, trust, community and wider dispersion. More than 42 million wallets and more than 5 % of Americans bitcoin purchase. Americans fund in the space would be a force in coming months, adoption is now led by top billionaires in the country which i think will improve sentiment for adoption both from the rich and medium earners . As long as mining also continues the security is maintained and other development follows.
First: Bitcoin survives thanks to mining.
Second: Bitcoin has already been through falls and several bearish trends. This is a very persistent asset. Its system is designed in such a way that rate corrections and other adverse market conditions will not pose a threat to the existence of Bitcoin.
Third: it is very banal, but it is used by a very large number of people working with cryptocurrency. Bitcoin is like a dollar, only in the cryptocurrency world, well, it is worth an order of magnitude higher)
Well, another thing that can be said is that they invest in it and sell it and buy it. And this keeps the market going
Of course, this is all very superficial, but you should not worry that it will start to fall heavily at some point (although I think that when it falls heavily and then there will be a strong jump)
Second: Bitcoin has already been through falls and several bearish trends. This is a very persistent asset. Its system is designed in such a way that rate corrections and other adverse market conditions will not pose a threat to the existence of Bitcoin.
Third: it is very banal, but it is used by a very large number of people working with cryptocurrency. Bitcoin is like a dollar, only in the cryptocurrency world, well, it is worth an order of magnitude higher)
Well, another thing that can be said is that they invest in it and sell it and buy it. And this keeps the market going
Of course, this is all very superficial, but you should not worry that it will start to fall heavily at some point (although I think that when it falls heavily and then there will be a strong jump)
Nothing is assured when we do talk about the future.. Never fail you say?
Theres no such thing about that even if we do see that bitcoin is mainly supported and been used by many but doesnt mean that its unreplaceable.
Nothing do last forever but somewhat it do able to retain its spot for how many years already and i agree that there are already lots of ups and downs
towards this coin but still we do see the demand is still high and that what makes this one valuable and cant be easily outranked by other.
I wouldn't really be religious in saying that bitcoin will never fall. Not being a pessimist but there will surely be better iterations of bitcoin that would eventually be used by a lot of people around the world. While the points stated above are true, bitcoin simply does not appeal to the masses because the concept of it is too young for people to fathom. In the later years, perhaps, people would soon realize that bitcoin--or cryptocurrencies in general--are the real deal and not fiat.
It has been dead for many times, 380 times as recorded by https://99bitcoins.com/bitcoin-obituaries/
And that's a lot of times that it has been declared yet it's still alive and kicking despite of all of those declaration made and calls for bitcoin as a dead coin.
People will see how valuable it is now. The injections of dollar and possibly other currencies too to fight the crisis that we have will lead many to look for an alternative option to save their investments value and that can be bitcoin.
It cannot be injected or reproduce that's why it's one reason why it's going to become stronger.
And that's a lot of times that it has been declared yet it's still alive and kicking despite of all of those declaration made and calls for bitcoin as a dead coin.
People will see how valuable it is now. The injections of dollar and possibly other currencies too to fight the crisis that we have will lead many to look for an alternative option to save their investments value and that can be bitcoin.
It cannot be injected or reproduce that's why it's one reason why it's going to become stronger.
Bitcoin is very valuable indeed because Bitcoin cannot be printed anymore, from the beginning until now the volume of Bitcoin is only 21 million Bitcoin will not increase or decrease.
A better description would be that extra bitcoin can't be generated above the current 12.5(and soon 6.25) BTC block reward. Because bitcoins are definitely still getting generated and being inserted into the markets right now, and it will be like this for a while until the block reward gets so low that barely any BTC is getting generated.
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