Why bitcoin will never fall? - page 4.

Lordshiva

full member

Activity: 840

Merit: 126

Welcome back 🙏

Quote from: mk4 on April 10, 2020, 09:46:40 AM

Quote from: fl1pex on April 10, 2020, 09:29:18 AM

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

This is a really bad example. You can also buy/sell(exchange) pretty much all fiat currencies. One of the biggest differences between bitcoin and the dollar when talking about value(in general) is that bitcoin's total supply can't be printed/inflated at will; in contrast to the US dollar whereas Jerome Powell of the federal reserve is going full on BRRR[1] on the US dollar.

[1] https://brrr.money/

totally agree with you sir and also thanks to you for making us understand things like that....also bitcoin can not be controlled by any of the particular government at will which also makes it unique from other currencies

pawanjain

hero member

Activity: 2702

Merit: 716

Nothing lasts forever

The reason I think bitcoin will stay for a very long time is because day by day technology is emerging.
The world is moving towards digital economy and with the rise of tech, bitcoin being a revolutionary tech will keep rising over the years.
Bitcoin is already popular among the tech world people and us 'the crypto community'.
I believe the popularity will rise over the years and this is why bitcoin will never all.

skiorf

sr. member

Activity: 812

Merit: 310

Quote from: mk4 on April 10, 2020, 09:46:40 AM

bitcoin's total supply can't be printed/inflated at will; in contrast to the US dollar whereas Jerome Powell of the federal reserve is going full on BRRR[1] on the US dollar.

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. Bitcoin is not Unlimited like the US dollar FIAT that you describe that always prints the Fiat Currency so the price will not be fixed.

Bitcoin is an alternative investment for digital currencies with several advantages and disadvantages that are known by every investor.

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

Quote from: fl1pex on April 10, 2020, 09:29:18 AM

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

This is a really bad example. You can also buy/sell(exchange) pretty much all fiat currencies. One of the biggest differences between bitcoin and the dollar when talking about value(in general) is that bitcoin's total supply can't be printed/inflated at will; in contrast to the US dollar whereas Jerome Powell of the federal reserve is going full on BRRR[1] on the US dollar.

[1] https://brrr.money/

Bitcoinislife09

full member

Activity: 1028

Merit: 144

Diamond Hands 💎HODL

Quote from: fl1pex on April 10, 2020, 09:29:18 AM

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)

Bitcoin will never fall because bitcoin is already supported by so many people. In bitcoin someone can gain and earn so much money. In bitcoin you can make your money grows bigger and higher. You can make your time and effort so very productive through bitcoin. There are so many websites that are accepting bitcoin inveatment. Through bitcoin investment you just have to invest your money and wait for the charts and trades and from that you may gain so much return on investment. You may have so much money and use it for your monthly bills.

fl1pex

newbie

Activity: 25

Merit: 0

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)

Topic: Why bitcoin will never fall? - page 4. (Read 708 times)