Why bitcoin will never fall? | Bitcointalksearch.org

Natalim

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Quote from: ecnalubma on April 30, 2020, 06:46:19 AM

Bitcoin is just getting stronger every year, despite its volatility the community keeps growing globally. In due time it will become a common form of investment just like stocks and other tangible assets. I believe it could soon dominate the market and reach a trillion in marketcap in few years or a decade.

I don't think so, bitcoin is very unpredictable, last year it had its bullish run but it did not ended well.
There is no such thing as stable growth in crypto, but I see in overall the market is already picking up and that is a good thing as we just need to get the confidence of the investors back so this market will survive and grow as it was expected.

More adoption to come means more strenght for the market, and the fundamentals are good, in fact we got countries this year which declared bitcoin as legal.

ecnalubma

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Bitcoin is just getting stronger every year, despite its volatility the community keeps growing globally. In due time it will become a common form of investment just like stocks and other tangible assets. I believe it could soon dominate the market and reach a trillion in marketcap in few years or a decade.

bearexin

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I would probably say that the biggest reason why bitcoin is loved so much and got so high is the fact that it gave us the power to control our own finances instead of someone else controlling for us. Maybe bitcoin price could be manipulated, maybe some rich person can buy a lot of bitcoin and increase it or sell a lot of bitcoin and drop the price, but all of those are available to us with no restriction or not control at all.

Fiat is not like that, governments control it like crazy and that causes people to not see fiat as something they have any control over, whereas on bitcoin you have decentralization and you have nobody's control on the blockchain, and you can do whatever you want without a trouble at all. That power of control is really what makes it so loved.

Bezobraznike

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I think that Bitcoin will survive because of decentralized system behind that power up everything around! Decentralization is what draw some people in, we like the fact there's nobody is in charge!
We have to keep ourselves, we don't need presidents and governments, we can monitor each other if we want that, Blockchain enable us to have full control over our funds and we can take a peak what
others are doing, if we want to! Basically Blockchain is the reason why Bitcoin will never fall, it's the ledger book we can trust, and people knows that, and many more will find out exactly that in future!

coinfinger

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Community is really in love with bitcoin a lot, I wouldn't really dream of a community like this if I built a project, Satoshi is really a genius but at the same time bitcoin was a bit more lucky as well, there was a chance it never really picked up and nobody really cared about it in the end as well, it could have really happened, think about it when it first started some person could have come up and bought all of the coins available, the first million coins could have been owned by that person, or they could have operated a HUGE mining facility for some other reason and as soon as bitcoin started could have turned it against bitcoin and just attacked it.

Basically there was many ways it could have gone wrong but some reason we are now at a level where we discuss why it will never fall, that shows how good bitcoin is but also a bit of luck as well.

Janation

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I could say two reasons: the community and Satoshi Nakamoto.

Despite the falls that happened, people are still supporting this cryptocurrency. They are persistent in making this one of the most popular investments of the year, it is not their goal though since all we know is that we just wanted to take part of that quick increasing profit. Then, we have Satoshi Nakamoto. To be honest, I don't know why he left but all I can say is that he is looking forward to the people to improve his work. The fact that we have the halving means he is aware that a lot of people would be using it in the future.

ballerin and giroud

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Quote from: Smitty Werben Man Jensen on April 25, 2020, 03:42:13 AM

Why? because Bitcoin already has a large community all over the world, I'm sure people who hold Bitcoin are already 50-60% worldwide, and 40% are whales, so it can be said that Bitcoin is still volatile, but to get back to 0 I don't think it's possible for Bitcoin!

It mean when whales sell their all bitcoin then we will see bitcoin price will go to lower event the price will touch below $500. Why are you so sure that 40% of bitcoin are owened by whales? Is there a proof? I think the reason why bitcoin never fall is bitcoin has been used for almost 11 years and until now the people always try to improve bitcoin system in order to be used by all human being. Also I see bitcoin as a successful technology that been created, at least bitcoin give an innovation or a solution for human being how to reduce the cost to transfer money. As we may know the cost to transfer money through money fiat take a long time and high cost per transaction especially if we send money to different countries.

Smitty Werben Man Jensen

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Why? because Bitcoin already has a large community all over the world, I'm sure people who hold Bitcoin are already 50-60% worldwide, and 40% are whales, so it can be said that Bitcoin is still volatile, but to get back to 0 I don't think it's possible for Bitcoin!

bitgolden

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Falling in financial markets is not really a big trouble, crashing is the big trouble and bitcoin even did that many times.

We have actually seen bitcoin move from 1400 dollars to 150 dollars, and also saw it move from 20k (all time high we never reached again) to 3k as well. What happened after all of those? We recovered, maybe we haven't recovered all that much from 20k because we never went back up there, but we have peaked at 14k last year and 10k this year, which goes to show you that bitcoin may go down but it will still go up, it may crash but eventually it will go up again.

danherbias07

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The really good thing about is there is no inflation.
No one can create more.
As time goes, many bitcoin will be lost taking its value to go higher.
That is reality.
Even if those are just satoshis of coins given in a faucets if forgotten cannot be brought back.
That may be the one reason it will never fall deep.

imstillthebest

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Quote from: maxreish on April 24, 2020, 01:30:51 AM

It will fall, yes. But how many times we saw bitcoin fall and also saw it standing and growing again?

many times buddy . those cant be counted because btc is already existing along time ago in this kind of manner .

Quote

Those who are pessimistic about bitcoin were those who do not take the risk of investing in bitcoin. Even in the dump times, investors are still holding. It's because it was proven that holding is still a benefecial choice and it's not forever bear.

there are people that already invested on btc but still doubted so they pull out thier money . these people take risk but not too much .

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Whatever be the reason for the bitcoin's fall. One thing is for sure. Bitcoin will always be a good and profitable cryptocurrency which can not be easily destroyed.

it cant be destroyed litterally but it can be destroyed on other ways like when its value is crashing too much and people are loosing hope . speaking of value crashing , these are times that bitcoin isnt profitable .

maxreish

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It will fall, yes. But how many times we saw bitcoin fall and also saw it standing and growing again? Those who are pessimistic about bitcoin were those who do not take the risk of investing in bitcoin. Even in the dump times, investors are still holding. It's because it was proven that holding is still a benefecial choice and it's not forever bear.

Whatever be the reason for the bitcoin's fall. One thing is for sure. Bitcoin will always be a good and profitable cryptocurrency which can not be easily destroyed.

STT

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Its a good question because I always thought BTC would return to 1000 area at least to double check prior pricing. To have people take 3000 area as the worst possible brief BTC price that can occur shows how much the base and value placed in BTC has progressed.
The basic reasoning for Bitcoin being useful and used is so much of the world has a threat to its FIAT holdings, to the money they are paid in and they are not able to save cash without the threat of loss and so Bitcoin becomes far more reasonable to hold for future costs especially digital considerations. Of course tech as a sector of the economy is increasing and so BTC is relevant.

dunfida

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Quote from: Natalim on April 23, 2020, 07:06:51 AM

As for me, I could trust bitcoin blindly as I have already made good profit with bitcoin.
Whatever I invested now is already part of my profit and I am willing to gamble that until the end with my only strategy which is to "HODL".

We are on the same foot where i do secure out first my capital then the profits had been re-roll for long term.This is totally risk free on your part since you've
been playing up with your profit and you do somewhat have that peace of mind no matter what happen on the market since you do already know that you have
already secured out your money.Bitcoin can still fail since nothing is assured when it talks to the future.Who knows that it might fall on next hour,day,month or years..

Natalim

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Quote from: ultrloa on April 18, 2020, 07:29:29 AM

Quote from: Natalim on April 17, 2020, 09:50:29 AM

Quote from: Pamadar on April 16, 2020, 10:27:59 AM

Having the right mindsets and appreciates potentials will allow you to survive from this industry.

For bitcoin, we should put all our trust as bitcoin will not likely to fall, why? because it's bitcoin who is holding this market as altcoins do literally rely on bitcoin's success, if bitcoin will fail, the whole market will fail, that's the simple logic I believe why I hold bitcoin for long term.

Trust with precaution since eventhough bitcoin is trusted and strong still the volatility so we might lose some value from the dumps happening but if we are smart to play the market then might we will earn with it, but if we talk about its strength for sure this is solid since the foundation of bitcoins is pretty much strong and the people behind and the whales for sure will not let this down since many people earning with bitcoin technology.

As for me, I could trust bitcoin blindly as I have already made good profit with bitcoin.
Whatever I invested now is already part of my profit and I am willing to gamble that until the end with my only strategy which is to "HODL".

Arkann

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Of course, various factors influence the cryptocurrency market, as well as a single cryptocurrency. The value of Bitcoin also depends on many situations, but nevertheless, every investor and even many analysts claim that the current performance of bitcoin, as well as $ 20,000 for Bitcoin in 2017, is just the beginning of a very long way to the top of success. Of course, this path will be very long and long, but it is safe to say that each investor will receive very good results from their investment in bitcoin.

Ridwan Fauzi

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Quote from: Natalim on April 17, 2020, 09:50:29 AM

Quote from: Pamadar on April 16, 2020, 10:27:59 AM

Having the right mindsets and appreciates potentials will allow you to survive from this industry.

For bitcoin, we should put all our trust as bitcoin will not likely to fall, why? because it's bitcoin who is holding this market as altcoins do literally rely on bitcoin's success, if bitcoin will fail, the whole market will fail, that's the simple logic I believe why I hold bitcoin for long term.

And history is an appropriate excuse to believe bitcoin, I have a simple example for bitcoin who will still alive or at least we can believe it on the price side.

Halving event has been held for twice thus far. And if you see the privious halving event bitcoin price are always up drastically and lead to the new all time high.

Which I think this event can be made as a basic that bitcoin will never fall. As you may know bitcoin price is depend on supply and demand which I think this event can be made as a way for bitcoun touch another all time high.

Sanitough

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Quote from: aioc on April 17, 2020, 12:18:26 PM

We have whales like the CEO of Binance to rely on, they are our pillars I believe they will not let Bitcoin and the market to crash, so far the market is now performing better in this pandemic, this is probably Bitcoin biggest trial in all of its ten years of existing and it's doing good, after this pandemic the market will be stronger more than ever.

Definitely they would do in all with their power to keep bitcoin survive in case bitcoin will struggle.
It's not a commodity so it will not fall in crisis when there is no demand, it remains online and the good thing is its decentralized so the demand will contiue as the operation exist 24/7. Bitcoin has gone the worst possible case scenario, but it did survive, and therefore we should not doubt its future.

milewilda

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Quote from: pixie85 on April 18, 2020, 04:49:05 PM

Quote from: fl1pex on April 11, 2020, 07:20:50 AM

No, I think it will never be lower than 2-3 thousand

That means it will fall, just not fail.

Saying that it will never fail is naive because it has fallen to 4000 dollars this year so it sure is able to fall.

If we get a giant recession bitcoin could follow the stock market like it just did and fall lower. It all won't matter much because it will still come out on top. Short term market price is not important.

Dont know how people differentiate fall into fail thing.We know that fall or corrections does happen but it doesnt mean that it did fail (0 price or close to it). Nothing is guaranteed when it comes to its price yet market
is always unpredictable because the entire market does depend on demand itself.We know on whats the advantage of crypto over the centralized system and this is the main reason why it do still kick after all these years but doesnt mean that it wont fail but for now its too early to say such thing.

pixie85

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Quote from: fl1pex on April 11, 2020, 07:20:50 AM

No, I think it will never be lower than 2-3 thousand

That means it will fall, just not fail.

Saying that it will never fail is naive because it has fallen to 4000 dollars this year so it sure is able to fall.

If we get a giant recession bitcoin could follow the stock market like it just did and fall lower. It all won't matter much because it will still come out on top. Short term market price is not important.

darewaller

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Nobody should really consider this "forever" thing that long because in the end we are not going to live forever. However when you are talking about "never" you should be more clear, do you mean ever in history or do you mean ever in our lifetime or do you mean even a shorter span that makes more sense like in the next 10 years for example. Bitcoin is something that is against inflation, the more dollar devalues the more bitcoin gains value, and even though people are the ones that decides on what bitcoin price is, they generally realize it is a worthy investment.

So, in the next 10 to 20 years it will of course always goes up, sure there will be down times but in the long run we are going to be good. In our lifetime we may see a competitor for bitcoin that is better and in 200-300 years none of this will ever matter.

ultrloa

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Quote from: Natalim on April 17, 2020, 09:50:29 AM

Quote from: Pamadar on April 16, 2020, 10:27:59 AM

Having the right mindsets and appreciates potentials will allow you to survive from this industry.

For bitcoin, we should put all our trust as bitcoin will not likely to fall, why? because it's bitcoin who is holding this market as altcoins do literally rely on bitcoin's success, if bitcoin will fail, the whole market will fail, that's the simple logic I believe why I hold bitcoin for long term.

Trust with precaution since eventhough bitcoin is trusted and strong still the volatility so we might lose some value from the dumps happening but if we are smart to play the market then might we will earn with it, but if we talk about its strength for sure this is solid since the foundation of bitcoins is pretty much strong and the people behind and the whales for sure will not let this down since many people earning with bitcoin technology.

Oasisman

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Quote from: aioc on April 17, 2020, 12:18:26 PM

We have whales like the CEO of Binance to rely on, they are our pillars I believe they will not let Bitcoin and the market to crash

That depends on the number of people who continue to invest and trade in cryptocurrency. That also, can be noticed by the exchanges on volume trades daily, monthly, and yearly. Bitcoin cannot fail, when people don't stop investing in crypto space, that's just simple.

Quote from: aioc on April 17, 2020, 12:18:26 PM

so far the market is now performing better in this pandemic, this is probably Bitcoin biggest trial in all of its ten years of existing and it's doing good, after this pandemic the market will be stronger more than ever.

The market should be doing great because it wasn't directly affected by the pandemic, which the current figure represents that cryptocurrency wasn't really directly affected by the events outside the crypto space. Though there might be a slight effect, but It won't really hurt the market that much.

aioc

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We have whales like the CEO of Binance to rely on, they are our pillars I believe they will not let Bitcoin and the market to crash, so far the market is now performing better in this pandemic, this is probably Bitcoin biggest trial in all of its ten years of existing and it's doing good, after this pandemic the market will be stronger more than ever.

Natalim

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Quote from: Pamadar on April 16, 2020, 10:27:59 AM

Having the right mindsets and appreciates potentials will allow you to survive from this industry.

For bitcoin, we should put all our trust as bitcoin will not likely to fall, why? because it's bitcoin who is holding this market as altcoins do literally rely on bitcoin's success, if bitcoin will fail, the whole market will fail, that's the simple logic I believe why I hold bitcoin for long term.

Pamadar

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Quote from: Questat on April 16, 2020, 09:40:48 AM

Bitcoin fall but will never fail.. that's how bitcoin works for now due to its volatility.
in the past, it's been falling hard many times, some people even think that it will not recover anymore but it always prove to be a strong asset.

this time around, it fall to $4K but it did rise again, so that's the beauty of bitcoin and you'll gain if you are trading with its volatility.
its short term may not be so stable but its' long term has a great potential.

Exactly, bitcoin unpredictable movements are benefits to those who understand this behavior. For some point it's really moving downwards but given some time it will bounce back and rise up again. If you do have good knowledge and you know how to handle risk the chance of collecting decent earning from this volatile situation is very possible to manage. Having the right mindsets and appreciates potentials will allow you to survive from this industry.

Questat

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Bitcoin fall but will never fail.. that's how bitcoin works for now due to its volatility.
in the past, it's been falling hard many times, some people even think that it will not recover anymore but it always prove to be a strong asset.

this time around, it fall to $4K but it did rise again, so that's the beauty of bitcoin and you'll gain if you are trading with its volatility.
its short term may not be so stable but its' long term has a great potential.

Ridwan Fauzi

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Because its function and its feature.

I mean, we need bitcoin for the solution of human being in the future.

Money fiat doesn't run correctly, most of them are manipulated.

But when you see bitcoin and some altcoins I think it is far from manipulation and can help many people for their daily life.

Kong Hey Pakboy

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Even how many times bitcoin will make a huge dumps or pumps to it's price, it will not die because it is still normal due to it's volatility. Bitcoin can still recover it's price as soon as possible because there are still people who can hold their bitcoin until the very end just to maintain their long term investment, that is why bitcoin will never fall.

Kelvinid

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win lambo...

And it happens oftentimes. We've come to this kind of market and nothing anew to see, dumps and pumps come along in time.
Some people weakens while the others get stronger. Some sell their Bitcoin but the others catch it. We have this market for more than a decade already and that it simply means that the crypto market already has a strong foundation.

Quote from: Findingnemo on April 15, 2020, 12:31:04 PM

Conspiracy: It as created by the Illuminati community so it will never fail. Tongue

It surprises me but something it could help and maybe it was the reason. Well, thanks Illuminati community but I'm not really thinking about it.

Findingnemo

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Bitcoin might fail several times but the real thing is it got recovered from all the failures and made a comeback after them and price that why we need to hold the decentralized assets for payment or for investment.

Conspiracy: It as created by the Illuminati community so it will never fail. Tongue

BrewMaster

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Quote from: DevilSlayer on April 14, 2020, 10:21:41 PM

Quote from: DoublerHunter on April 12, 2020, 01:34:17 PM

^ Definitely right, dont worry much because Bitcoin will never fall. Probably there is a small correction that may occur but that is only a small correction. From time to time Bitcoin will resist its price, while you are holding only the value on it was probably lost but the quantity or number of Bitcoin you have held will remain the same. Bitcoin will never fall because there are demand and supply that makes Bitcoin fluctuate the price.

The recent correction is not shallow because it is too deep that indicating that the selling pressure is very high. The current price of the bitcoin resists in its major resistance arounf $7000 and for there will a bounce that will happen. I'm looking for entry and I'm just waiting the right time to buy but I will only allocate small amount percentage of my portfolio because the market is too volatile and therr is possibility that my bias turned against me.

you are looking at the size of the drop instead of also taking into consideration the duration of the drop.
you see dumping bitcoin price is not a hard thing. on any exchange a large sell off can easily cause a very big drop. 40% is tiny in comparison. it can be dropped down to $100 or less. but the important part is if it could last there.
because exchanges are scams waiting to happen, a lot of traders stay away from them as often as they can. so when a drop happens it takes time for them to go buy the cheap coins. if you look at the recent drop you can see that the $3800 didn't last at all. as soon as traders go the whiff of the drop they rushed to buy it and price jumped back up. so in fact the recent drop that bitcoin had was only from $9k to $7k or about 22%.
in short there weren't that big a selling pressure, there was only a sudden panic sell that was most probably a whale manipulation.

BlackFor3st

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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)

All of these are not enough if all the governments will counter bitcoin by banning it and all the users will fined or jailed if they will be found using it. But don't worry, these scenario is very close to impossible to happen because of the wide adoption of bitcoin and the big whales are favoring it over other currencies.

So in your statement, I will side with you that as of this moment bitcoin will never fall if there will be no intervention with all the governments which is very rare to happen in the future.

DevilSlayer

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Quote from: DoublerHunter on April 12, 2020, 01:34:17 PM

^ Definitely right, dont worry much because Bitcoin will never fall. Probably there is a small correction that may occur but that is only a small correction. From time to time Bitcoin will resist its price, while you are holding only the value on it was probably lost but the quantity or number of Bitcoin you have held will remain the same. Bitcoin will never fall because there are demand and supply that makes Bitcoin fluctuate the price.

The recent correction is not shallow because it is too deep that indicating that the selling pressure is very high. The current price of the bitcoin resists in its major resistance arounf $7000 and for there will a bounce that will happen. I'm looking for entry and I'm just waiting the right time to buy but I will only allocate small amount percentage of my portfolio because the market is too volatile and therr is possibility that my bias turned against me.

uray

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Quote from: btc_angela on April 11, 2020, 12:04:58 PM

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.

If mining is the only done for profit then once the halving takes place you will not find many miners mining the coin if the price does not go up as they will not even break even to the expense they are encountering mining the coin,the miners need to find a solution to overcome these situation if the price does not go up as expected.

Irvinn

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Quote from: Oceat on April 12, 2020, 06:41:50 PM

There's no way people would just abandon Bitcoin just because it is starting to drop or someone tip them off that Bitcoin will going to die. Bitcoin has been massacred in the past a hundred more times because they saw that their investment is failing and it pushes them to sell low like they blame Bitcoin for that, where in fact it's the supply and demand makes it possible to move up and down. Despite of the market manipulation Bitcoin will still going to survive because it is an innovative creation of technology.

It seems to me that in any case, bitcoin has very good prospects in the future, even if you do not take into account its relevance in the cryptocurrency market due to its volatility. Of course, forecasting which year for Bitcoin will be the most successful is almost impossible, but in any case, our happiness is that big whales keep their bitcoins in their wallets, rather than trying to sell. Otherwise, failure will await us all.

Oceat

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There's no way people would just abandon Bitcoin just because it is starting to drop or someone tip them off that Bitcoin will going to die. Bitcoin has been massacred in the past a hundred more times because they saw that their investment is failing and it pushes them to sell low like they blame Bitcoin for that, where in fact it's the supply and demand makes it possible to move up and down. Despite of the market manipulation Bitcoin will still going to survive because it is an innovative creation of technology.

DoublerHunter

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^ Definitely right, dont worry much because Bitcoin will never fall. Probably there is a small correction that may occur but that is only a small correction. From time to time Bitcoin will resist its price, while you are holding only the value on it was probably lost but the quantity or number of Bitcoin you have held will remain the same. Bitcoin will never fall because there are demand and supply that makes Bitcoin fluctuate the price.

fullhdpixel

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Buyers are not always there to pump up the price, they are mainly there when the price goes down way too much, because nobody really thinks bitcoin should worth too little, we value it too much and whenever the price goes down we do help it go back up with our purchasing since we see bitcoin going down as a discount price on bitcoin and that causes it to go up when we all end up buying.

However let's not act like price never falls, we were above 10k just this year in 2020, right now we are under 7k, that is a huge drop that as you can see hasn't recovered just yet, which means not all drops have a bounce back. Sure we do not go down too much but we do go down a bit, that is how bitcoin movements work, it goes down A LOT (like from 10k to under 4k) and then recovers a bit (like from under 4k to around 7k).

Reid

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Truly, I don't worry much.

Maybe for those who have invested their life savings. Yeah, they should worry.
But it should not be that way right?
Just the right amount will do fine once every month.
The good thing is it might take long before everything will be fruitful. This is just the start.
So, we have more time to keep saving bitcoin instead of just waiting for the bank to give back the little interest.

Yamifoud

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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.

Dart18

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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.

LogitechMouse

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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)

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.

Saisher

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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)

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.

exstasie

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Quote from: adaseb on April 12, 2020, 12:57:20 AM

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.

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.

adaseb

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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.

btc_angela

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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.

rdluffy

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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

ethereumhunter

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Quote from: Smitty Werben Man Jensen on April 11, 2020, 07:02:13 AM

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

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.

fl1pex

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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

fl1pex

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No, I think it will never be lower than 2-3 thousand

Smitty Werben Man Jensen

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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

exstasie

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Let me play devil's advocate.

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

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.

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

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.

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

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. Wink

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.

jhonjhon

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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.

samcrypto

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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.

ololajulo

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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.

Quidat

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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)

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.

dothebeats

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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.

sunsilk

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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.

mk4

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Quote from: skiorf on April 10, 2020, 10:07:36 AM

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.

Lordshiva

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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

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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

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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

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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

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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

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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? (Read 715 times)