Topic: Will Bitcoin collapse or mature? - page 5. (Read 800 times)

It 100% is collapsing. It'll still take a few years for it to completely go away, but that's where it's confirmed to be headed.

Don’t pay too much attention to our FUD troll, he’s been wrong for years, but that doesn’t stop him from still claiming to know what’s going to happen. The only thing that has been confirmed is that some things are not really right in his head.

Also satisfied, even if I'll be the first to admit initial layer of slightly dampened feelings. I would have really liked to liquidate a small chunk of BTC at 6 figures, as that would have given me the freedom to fail for about a year without income to embark on a personal idea.

Indeed, a winter would only reinforce the cycle theory, so that means another halving to look forward to. Still a win-win!

You're wrong, I will bet all my assets on this.  Bitcoin has been stronger and has been trending everywhere.

This is a positive way of thinking, because if you are not convinced that something has to happen, then you will certainly not be disappointed if it does not happen. As for the price, I am completely satisfied at the moment, despite the fact that it is only 50% of what many hoped for. But just remember that on the last day of 2020, the price of 1 BTC was slightly less than $30k, and yesterday some $17-18k higher, which suggests that we can expect new excitement this year.

It 100% is collapsing. It'll still take a few years for it to completely go away, but that's where it's confirmed to be headed.

We are still bullish even if there's a slight decline and that doesn't mean we should start selling instead of holding only. I think most of the newbies will panic-selling because they have a little knowledge of the market on how it moves. Comparing the price today from the past you can tell that bitcoin is indeed maturing like how the 2017 ATH vs the actual price of bitcoin when it hits ATH last year. You can tell it will still mature more in the coming years.

On the other hand, the famous economist and professor of applied economics at Johns Hopkins University, Steve Hanke, claims that while the price of bitcoin is close to $ 50,000, its value is zero. The head of the largest bank in the world agrees with him. According to JPMorgan's Jamie Dimon, bitcoin has no value.

Newbies are the one who are panicking here, they don’t understand the volatility that much not until they experience it. I agree that Bitcoin has grown a lot, but this is not the real peak yet because the price will recover and for sure it will aim for a much expensive price, you just have to be more patience because the best price is yet to come.

This is a positive way of thinking, because if you are not convinced that something has to happen, then you will certainly not be disappointed if it does not happen. As for the price, I am completely satisfied at the moment, despite the fact that it is only 50% of what many hoped for. But just remember that on the last day of 2020, the price of 1 BTC was slightly less than $30k, and yesterday some $17-18k higher, which suggests that we can expect new excitement this year.

Of course, we will have to wait a few months to see if the four-year cycle is interrupted, or if it will continue as has been the case so far. Few would like a new crypto winter, but if it does happen it is by no means the end or as some will surely say the collapse of Bitcoin.

As for the price, I am completely satisfied at the moment, despite the fact that it is only 50% of what many hoped for.

Of course, we will have to wait a few months to see if the four-year cycle is interrupted, or if it will continue as has been the case so far. Few would like a new crypto winter, but if it does happen it is by no means the end or as some will surely say the collapse of Bitcoin.

Don't get me wrong, I'm positive for the upcoming future, however, I'm trying to contain myself from being too excited and make unrealistic predictions, which I generally do not follow, either if they are positive or negative.

Newbies are the one who are panicking here, they don’t understand the volatility that much not until they experience it. I agree that Bitcoin has grown a lot, but this is not the real peak yet because the price will recover and for sure it will aim for a much expensive price, you just have to be more patience because the best price is yet to come.

Well, we always look the bright side of bitcoin because we know the potentials it has. And even if the market suddenly crash or experience a short term or long term bearish season, i know bitcoin will never collapse but definitely rises up and creating higher value every year. With this current condition of bitcoin and of the whole the crypto space, i think as soon as bitcoin recovers and starts to skyrocket, the whole crypto market will get better and will start to recover too from this correction.

Definitely, it's expected from people who are accustomed to Bitcoin and cryptocurrencies in general to be positive. On the other hand, I'm also trying to be realistic, Bitcoin has skyrocketed in the last year, I wouldn't be surprised if we had a few months (or even a year) of  a bearish market condition. Don't get me wrong, I'm positive for the upcoming future, however, I'm trying to contain myself from being too excited and make unrealistic predictions, which I generally do not follow, either if they are positive or negative.

For people who are deeply involved in Bitcoin, it is quite logical that they are generally very positive, because their work and earnings depend on how successful Bitcoin is. Bankers, on the other hand, know very well that they can afford to be negative about Bitcoin because it suits their business in a way that deters people from investing in Bitcoin.

I’m also not a fan of all those experts who claim to know something, and in the end it turns out that some members of this forum know a lot more than them, so it’s better to listen to their advice and think for yourself before any important decision.

---

He also had his moments of weakness and doubt, and after comparing the banning of flavored e-cigarettes with the possible banning of Bitcoin in the US he really showed his great expertise.

There is really not just a "collapse or skyrocket!" type of situation in crypto. It could very well be doing decent and not skyrocket, and it certainly won't be crashing neither.

People who think that there is a chance that bitcoin (or crypto in general) end up losing a lot of money and becoming zero one day will always turn out to be wrong. It doesn't mean that you have to make that type of money all the time, it just means that you need to make a bit of profit and not lose it all just to prove them wrong.

At the end of the day, crypto is a whole ecosystem at this point, there are too many people involved and too much money invested, I doubt that it would crash to zero, sure there could be crashes like 50% here and there during bear periods and it is volatile, but never to zero. I also do not believe all those people that say it will be a million dollars soon, I mean maybe in 5-10 years but not soon. It will be decent, like 2022 will be 50k-100k and that's understandable, maybe it will drop a bit more before it does that, I do not expect any more or any less.

I've been reading such stories since the dawn of Bitcoin and cryptos. Likewise, I mostly wanted to point out the differences between pro and against Bitcoin and their status. I don't know any of these two guys being mentioned (pro-Bitcoin), because honestly, I don't actually bother with predictions and analysts.

Tom Lee remains bull always and we had lots of discussion on his bitcoin speculations.

As the Trump administration is seemingly getting ready to issue a ban on flavored e-cigarettes, prominent cryptocurrency commentator and head analyst at Fundstrat Global Advisors, Tom Lee, said that this is a signal that the White House can issue an executive order banning anything, including Bitcoin.

Came across this article today, it's in Greek, but I'll summarize quickly. You could also use Google Translate through Chrome.

Basically, the following article is mentioning two of most dominant predictions about Bitcoin, it's collapse or skyrocket, surpassing $200.000. A few examples of experienced analysts and  economists are mentioned below. Firstly, Tom Lee, of Fundstrat Global Advisors, believes that the price of bitcoin will quadruple by 2022, reaching $200.000. Another crypto market analyst, Nicholas Merten, agrees.

The main principle the article is following is that throughout the past few years, Bitcoin didn't crash below its lowest point. For instance, in 2016, its lowest point was $365, while in 2017, it was $780. And this pattern follows for the rest of the years. With the same logic, Bitcoin won't fall below $27.734, the lowest point of 2021.

On the other hand, the famous economist and professor of applied economics at Johns Hopkins University, Steve Hanke, claims that while the price of bitcoin is close to $ 50,000, its value is zero. The head of the largest bank in the world agrees with him. According to JPMorgan's Jamie Dimon, bitcoin has no value.

In conclusion, we're seeing two sides of the same coin. On the first instance, we're seeing market analysts, praising Bitcoin and cryptocurrencies, while on the contrary, well-known economists, who are also related with large bank/financial institutions, are against Bitcoin and cryptocurrencies in general. I'm not sure if it's a coincidence or not...

What's your take on this matter?

Source:
https://www.liberal.gr/market/bitcoin-tha-ektoxeutei-sta-200-000-dolaria-i-tha-gkremistei/423177