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Title: Why Bitcoin cannot drop in price Post by: deisik on July 01, 2017, 09:57:01 AM And remain the No. 1 cryptocurrency at that
If we are to cut the crap and face the facts, Bitcoin is at the top of cryptocurrencies simply because it has managed to attract the biggest amount of fiat (dollars, euro, etc) compared to other currencies (note that this has nothing to do with the so-called "market cap"). And it did so because it has been outpacing most other coins in terms of generating profits in the long term (while generating less losses when it didn't fare quite well, say in 2014-2015), apart from being the first mover, of course. Some coins have recently been (or had been in the past) more profitable than Bitcoin but they all lacked consistency, i.e. the capability of generating profits over long enough time frames. Conversely, if Bitcoin starts generating losses and that wouldn't be temporary while some other currency shows more profitability over the same time span, people will start losing interest in Bitcoin as a speculative asset and turn toward that currency. The inference is that if you want to make Bitcoin die a painful and miserable death, you should, first, make its prices at least stagnant, and, second, pour enough cash into some other coin (more or less decent in terms of technology behind it, say, Litecoin) while (and this is the most important point here) keeping this growth for a certain period of time until the process turns self-sustainable and self-reinforcing That might not make a lot of sense in the past when Bitcoin was strong (since that would be outright prohibitively expensive), but things may change if, for example, Bitcoin fails to scale successfully. In fact, it may happen even without external and deliberate influence but just because of Bitcoin price declining for a sufficient amount of time on its own. And this is the point I want to discuss Title: Re: Why Bitcoin cannot drop in price Post by: Red-Apple on July 01, 2017, 10:17:51 AM Bitcoin is at the top of cryptocurrencies simply because it has managed to attract the biggest amount of fiat (dollars, euro, etc) compared to other currencies. no not at all.bitcoin is on top because it is the most secure and the most decentralized cryptocurrency. it has the best developers team which kept the code good and powerful and it is the most reviewed code out there. then it attracted a lot of real usage as a currency by lots of merchants. then it attracted a lot of fiat no the other way around. all the other altcoins are deficient in one way or another. it doesn't matter whet they claim but as soon as each of them is put to test, they fail each time. so the only option is bitcoin. Quote And it did so because it has been outpacing most other coins in terms of generating profits in the long term in long term, obviously because of the things i said above.but in short term profit nothing can beat a manipulated pump and dump profit. Quote if Bitcoin starts generating loses and that wouldn't be temporary while some other currency shows more profitability over the same time span, people will start losing interest in Bitcoin as a speculative asset and turn toward that currency. only those who see bitcoin as a "cash cow" to milk for more money will do that.Quote The inference is that if you want to make Bitcoin die a painful and miserable death, you should, first, make its prices at least stagnant, and, second, pour enough cash into some other coin (more or less decent in terms of technology behind it) while (and this is the most important point here) keeping this growth for a certain period of time until the process turns self-sustainable and self-reinforcing the problem with this logic is what i said above.when these coins or "alternatievs" are put to test, they all fail miserably because they never tried to fix anything or make a proper platform. instead what they did was making a shining "cash cow" in order to attract a lot of idiots who just see that shine and make money from those idiots. these coins will never go anywhere. most recent example: etherum and how it failed recently, unable to handle a small increase in its number of transactions. or how a couple of smart contracts already exploited it to steal millions of dollars! if you think coins like this can even remotely compete with bitcoin in the long run then there is no point even arguing with you :) Title: Re: Why Bitcoin cannot drop in price Post by: #CapsLOck on July 01, 2017, 10:29:17 AM as a newbie and new to this i think because people or community is backing up bitcoin.
Title: Re: Why Bitcoin cannot drop in price Post by: Juggy777 on July 01, 2017, 10:29:45 AM And remain the No. 1 cryptocurrency at that If we are to cut the crap and face the facts, Bitcoin is at the top of cryptocurrencies simply because it has managed to attract the biggest amount of fiat (dollars, euro, etc) compared to other currencies (note that this has nothing to do with the so-called "market cap"). And it did so because it has been outpacing most other coins in terms of generating profits in the long term (while generating less losses when it didn't fare quite well, say in 2014-2015), apart from being the first mover, of course. Some coins have recently been (or had been in the past) more profitable than Bitcoin but they all lacked consistency, i.e. the capability of generating profits over long enough time frames. Conversely, if Bitcoin starts generating loses and that wouldn't be temporary while some other currency shows more profitability over the same time span, people will start losing interest in Bitcoin as a speculative asset and turn toward that currency. The inference is that if you want to make Bitcoin die a painful and miserable death, you should, first, make its prices at least stagnant, and, second, pour enough cash into some other coin (more or less decent in terms of technology behind it, say, Litecoin) while (and this is the most important point here) keeping this growth for a certain period of time until the process turns self-sustainable and self-reinforcing That might not make a lot of sense in the past when Bitcoin was strong (since that would be outright prohibitively expensive), but things may change if, for example, Bitcoin fails to scale successfully. In fact, it may happen even without external and deliberate influence but just because of Bitcoin price declining for a sufficient amount of time on its own. And this is the point I want to discuss 100% agree with op and let's hope that bitcoins price do not fall. I also feel that bitcoin has by far been the most successful crypto currency, in between they were screaming for ethereum and then came the fall, people are far more comfortable with Bitcoin than any other coins, and with so many Asian countries adoptiong and leading the way any thing is possible, we yet don't know what will August 1st bring except we can be just pray for the best and let's hope it rises only. Title: Re: Why Bitcoin cannot drop in price Post by: deisik on July 01, 2017, 10:31:15 AM Bitcoin is at the top of cryptocurrencies simply because it has managed to attract the biggest amount of fiat (dollars, euro, etc) compared to other currencies. no not at all.bitcoin is on top because it is the most secure and the most decentralized cryptocurrency. it has the best developers team which kept the code good and powerful and it is the most reviewed code out there. then it attracted a lot of real usage as a currency by lots of merchants. then it attracted a lot of fiat no the other way around I think the real usage of Bitcoin as a means of payment is inconsequential at best Since most of Bitcoin value comes via speculation (i.e. "those who see bitcoin as a "cash cow" to milk for more money"). You personally may not not quite like it (I certainly understand your pains), but your dislike can't change anything in this department. That's why I said that we should cut the crap and face the facts in the first place. Apart from that, I can't possibly agree that Bitcoin is "the most secure and the most decentralized cryptocurrency" out there. If you disagree with this, namely, that Bitcoin today cannot be considered as safe and decentralized, then "there is no point even arguing with you". In fact, by "some other coin" I meant Litecoin as the most likely candidate to take Bitcoin's place if the latter fails to scale up properly (I changed my post to reflect that) Title: Re: Why Bitcoin cannot drop in price Post by: aTriz on July 01, 2017, 10:32:49 AM And remain the No. 1 cryptocurrency at that If we are to cut the crap and face the facts, Bitcoin is at the top of cryptocurrencies simply because it has managed to attract the biggest amount of fiat (dollars, euro, etc) compared to other currencies (note that this has nothing to do with the so-called "market cap"). And it did so because it has been outpacing most other coins in terms of generating profits in the long term (while generating less losses when it didn't fare quite well, say in 2014-2015), apart from being the first mover, of course. Some coins have recently been (or had been in the past) more profitable than Bitcoin but they all lacked consistency, i.e. the capability of generating profits over long enough time frames. Conversely, if Bitcoin starts generating loses and that wouldn't be temporary while some other currency shows more profitability over the same time span, people will start losing interest in Bitcoin as a speculative asset and turn toward that currency. The inference is that if you want to make Bitcoin die a painful and miserable death, you should, first, make its prices at least stagnant, and, second, pour enough cash into some other coin (more or less decent in terms of technology behind it, say, Litecoin) while (and this is the most important point here) keeping this growth for a certain period of time until the process turns self-sustainable and self-reinforcing That might not make a lot of sense in the past when Bitcoin was strong (since that would be outright prohibitively expensive), but things may change if, for example, Bitcoin fails to scale successfully. In fact, it may happen even without external and deliberate influence but just because of Bitcoin price declining for a sufficient amount of time on its own. And this is the point I want to discuss Bitcoin price ain't going to fall in the long term. But short term? Bitcoin is very vulnerable to pump and dump cycles just as altcoins do. Though usually what we see is that the pump and dump cycles that are imminent with bitcoin are actually a lot better than altcoin's cycles. The reason that bitcoin will always beat altcoins is that altcoins is focused around profit. Profit for the early investors, profit for the founders, etc. Basically they are selling an investment scheme disguised in a nice description with a slick website, that's all. It's a speculative tool, nothing else, and the functions and punchlines are just the cover story. This can't be more different with btc. Title: Re: Why Bitcoin cannot drop in price Post by: Reid on July 01, 2017, 10:35:45 AM as a newbie and new to this i think because people or community is backing up bitcoin. Yeah! That is also the reason for me. Teamwork! Aint it good? With the help of each other it remains on the top and can be seen thru its value. It is an invetment where we are all working to get more investors because it will also make us some money when the price of it grew. Why other people dont think like that? It seems they are making other reasons and cannot take the truth. Title: Re: Why Bitcoin cannot drop in price Post by: Red-Apple on July 01, 2017, 10:59:10 AM You personally may not not quite like it (I certainly understand your pains), but your dislike can't change anything in this department. and i can understand your pain of not accepting the fact that as of 2017 there are about 800,000 to a million different merchants that are accepting bitcoin as payment. and that is not counting the new ones in Japan and the illegal ones in dark net.and also the fact that OpenBazaar is gaining a big traction each day. and with the release of version 2.0 it is on the way to replace traditional online shopping. Quote In fact, by "some other coin" I meant Litecoin as the most likely candidate to take Bitcoin's place if the latter fails to scale up properly (I changed my post to reflect that) actually i am not arguing with that!there is a big if here though. if bitcoin remains like this, without scaling, with increasing fees and with uncertainty about its future and fear of split people will start to think about alternatives. and i can see LTC as a candidate. but you can't really replace something that has been working perfectly for 8 years. people always forget that the "fee" problem and the scaling so called issue is a very recent one not older than a couple of months. that's the debate and the spam attack that are much older. Title: Re: Why Bitcoin cannot drop in price Post by: deisik on July 01, 2017, 11:20:58 AM You personally may not not quite like it (I certainly understand your pains), but your dislike can't change anything in this department. and i can understand your pain of not accepting the fact that as of 2017 there are about 800,000 to a million different merchants that are accepting bitcoin as payment. and that is not counting the new ones in Japan and the illegal ones in dark net.and also the fact that OpenBazaar is gaining a big traction each day. and with the release of version 2.0 it is on the way to replace traditional online shopping It is pretty much the same as with the so-called "market cap" Just like this "market cap" is irrelevant for any serious analysis of the cryptocurrency market (real money flows which every coin actually receives are what should be analyzed, just in case), the number of "merchants" that are allegedly accepting bitcoin as payment is meaningless for asserting Bitcoin hegemony. If the majority of these merchants instantly exchange their Bitcoin proceeds to fiat (which is the case), you can safely discard them altogether, even if there were 1 billion of them. Economically, that would still be largely speculation, though not via exchanges directly, but mediated by some payment processor (say, BitPay). In other words, unless there is real closed loop Bitcoin economy, this argument is utterly inconsequential. Regarding Litecoin specifically, I don't speak about instant replacement, I speak more about "slow and gradual, likely painful Bitcoin decline" (as per OP) Title: Re: Why Bitcoin cannot drop in price Post by: Polar91 on July 01, 2017, 11:25:18 AM Bitcoin cannot drop in price and still maintaining its position maybe because many people see that they are secured and safe in bitcoin decentralization and it take up too long for bitcoin to maintain its place to the top of the cryptocurrency nation. Although its price have undergo many rise and dumps, people see it as a normal phenomenon in the market and still holding their trust on the bitcoin cryptocurrency.
Title: Re: Why Bitcoin cannot drop in price Post by: mackenzied on July 01, 2017, 11:33:13 AM And remain the No. 1 cryptocurrency at that If we are to cut the crap and face the facts, Bitcoin is at the top of cryptocurrencies simply because it has managed to attract the biggest amount of fiat (dollars, euro, etc) compared to other currencies (note that this has nothing to do with the so-called "market cap"). And it did so because it has been outpacing most other coins in terms of generating profits in the long term (while generating less losses when it didn't fare quite well, say in 2014-2015), apart from being the first mover, of course. Some coins have recently been (or had been in the past) more profitable than Bitcoin but they all lacked consistency, i.e. the capability of generating profits over long enough time frames. Conversely, if Bitcoin starts generating loses and that wouldn't be temporary while some other currency shows more profitability over the same time span, people will start losing interest in Bitcoin as a speculative asset and turn toward that currency. The inference is that if you want to make Bitcoin die a painful and miserable death, you should, first, make its prices at least stagnant, and, second, pour enough cash into some other coin (more or less decent in terms of technology behind it, say, Litecoin) while (and this is the most important point here) keeping this growth for a certain period of time until the process turns self-sustainable and self-reinforcing That might not make a lot of sense in the past when Bitcoin was strong (since that would be outright prohibitively expensive), but things may change if, for example, Bitcoin fails to scale successfully. In fact, it may happen even without external and deliberate influence but just because of Bitcoin price declining for a sufficient amount of time on its own. And this is the point I want to discuss No, the value of the bitcoin is decreasing in the present, and there is not any indication of its end. In the past its value was stable and steadily increasing, but recently, its value began to decline, while many other altcoins also fell, the market showing steady moves from the currencies. Title: Re: Why Bitcoin cannot drop in price Post by: foxbat on July 01, 2017, 11:35:51 AM And remain the No. 1 cryptocurrency at that If we are to cut the crap and face the facts, Bitcoin is at the top of cryptocurrencies simply because it has managed to attract the biggest amount of fiat (dollars, euro, etc) compared to other currencies (note that this has nothing to do with the so-called "market cap"). And it did so because it has been outpacing most other coins in terms of generating profits in the long term (while generating less losses when it didn't fare quite well, say in 2014-2015), apart from being the first mover, of course. Some coins have recently been (or had been in the past) more profitable than Bitcoin but they all lacked consistency, i.e. the capability of generating profits over long enough time frames. Conversely, if Bitcoin starts generating loses and that wouldn't be temporary while some other currency shows more profitability over the same time span, people will start losing interest in Bitcoin as a speculative asset and turn toward that currency. The inference is that if you want to make Bitcoin die a painful and miserable death, you should, first, make its prices at least stagnant, and, second, pour enough cash into some other coin (more or less decent in terms of technology behind it, say, Litecoin) while (and this is the most important point here) keeping this growth for a certain period of time until the process turns self-sustainable and self-reinforcing That might not make a lot of sense in the past when Bitcoin was strong (since that would be outright prohibitively expensive), but things may change if, for example, Bitcoin fails to scale successfully. In fact, it may happen even without external and deliberate influence but just because of Bitcoin price declining for a sufficient amount of time on its own. And this is the point I want to discuss No, the value of the bitcoin is decreasing in the present, and there is not any indication of its end. In the past its value was stable and steadily increasing, but recently, its value began to decline, while many other altcoins also fell, the market showing steady moves from the currencies. I agree with you, the value of bitcoin is decreasing, this is going on continuously, I am not an expert who researches the market, I do not know the reason, however, it is Made me feel nervous. Although I do not own too much bitcoin, but it is enough to make me lose some money. Title: Re: Why Bitcoin cannot drop in price Post by: DoublerHunter on July 01, 2017, 11:38:48 AM I don't think that bitcoin cannot drop in price because there will be a panic selling if there is something wrong and we cannot tell if when it will happen. Bitcoin is just depending on the demand of the users in the market and not dropping in price is just an impossible thing to happen but if you are trying to say that bitcoin will not drop in being the top one then i will agree to that.
Title: Re: Why Bitcoin cannot drop in price Post by: doedz on July 01, 2017, 12:06:16 PM as a newbie and new to this i think because people or community is backing up bitcoin. Belief in Bitcoin is on the rise, and it greatly affects the strength of Bitcoin prices. Everyone keeps it and some buy it for investment. They believe that Bitcoin's future will be worthwhile.Title: Re: Why Bitcoin cannot drop in price Post by: Pubg_man205 on July 01, 2017, 12:20:19 PM Bitcoin can not fall at least because it will support all the inhabitants of the forum and spread information about it to their friends. To bitcoin fell you need to come up with something better.
Title: Re: Why Bitcoin cannot drop in price Post by: Windpower on July 01, 2017, 12:34:26 PM I definitely agree with you when you say that Bitcoin is number 1. However, that is just for the moment. It has attracted the most attention and is by far the most valuable cryptocurrency at the moment, but that has a lot to do with it being the first cryptocurrency. Also, the fact that the price continues to rise just helps to attract more and more investors each day.
But I think that the bubble will definitely pop in the future. When in the future you may ask, who knows. All I know is that Bitcoin will find its downfall in time to come and there will be another cryptocurrency waiting to overtake it. ETH, DASH, LTC. Who knows which coin with overtake it? Title: Re: Why Bitcoin cannot drop in price Post by: cpfreeplz on July 01, 2017, 12:40:59 PM The problem I have is when I'm reading an article about "bitcoins biggest rival Ethereum". What? Don't make crap up. Ethereum isn't a rival because ethereum and bitcoin don't do the same thing. Isn't bitcoin supposed to support tokens and smart contracts and all that in the future anyways? So why not buy before bitcoins have that tech so you know you're in something that's continuously being developed? The block size issue is going to be a thing of the past in a month's time and there is no other cryptocurrency that's accepted anywhere as much as bitcoins. Where are you going to spend your NEM? Seriously. I've never seen anywhere that openly says they accept it. Their market cap is based on nothing.
Bitcoins can't drop in price because they're based on a fiat value. Fiat is always dropping because they just print more money. The worst thing that could happen to bitcoins is they'll be worth $2500 for the rest of our lives. But at least in 2090 you'll know you can still buy a loaf of bread, some milk, eggs, some doritos, a 2L of Pepsi and some soup and crackers for BTC0.01. Title: Re: Why Bitcoin cannot drop in price Post by: ximply on July 01, 2017, 12:44:43 PM The value of bitcoin is in the person who is holding it. Since most of us is holding a decent amount of bitcoin, we want to see its value goes up and up. The ups and downs of its value is due to the law of supply and demand. But long term the value of bitcoin will continue to rise because more and more people are adopting to bitcoin and the demand will continue to rise while the supply is limited.
People adopting to bitcoin because of its good system and benefits. It simplify the transferring of funds from one person to another wherever you are. No more bank to bank transactions. Eventually bank will become obsolete if they will not adopt to this technology. Title: Re: Why Bitcoin cannot drop in price Post by: webtricks on July 01, 2017, 01:04:26 PM And remain the No. 1 cryptocurrency at that If we are to cut the crap and face the facts, Bitcoin is at the top of cryptocurrencies simply because it has managed to attract the biggest amount of fiat (dollars, euro, etc) compared to other currencies (note that this has nothing to do with the so-called "market cap"). And it did so because it has been outpacing most other coins in terms of generating profits in the long term (while generating less losses when it didn't fare quite well, say in 2014-2015), apart from being the first mover, of course. Some coins have recently been (or had been in the past) more profitable than Bitcoin but they all lacked consistency, i.e. the capability of generating profits over long enough time frames. Conversely, if Bitcoin starts generating losses and that wouldn't be temporary while some other currency shows more profitability over the same time span, people will start losing interest in Bitcoin as a speculative asset and turn toward that currency. The inference is that if you want to make Bitcoin die a painful and miserable death, you should, first, make its prices at least stagnant, and, second, pour enough cash into some other coin (more or less decent in terms of technology behind it, say, Litecoin) while (and this is the most important point here) keeping this growth for a certain period of time until the process turns self-sustainable and self-reinforcing That might not make a lot of sense in the past when Bitcoin was strong (since that would be outright prohibitively expensive), but things may change if, for example, Bitcoin fails to scale successfully. In fact, it may happen even without external and deliberate influence but just because of Bitcoin price declining for a sufficient amount of time on its own. And this is the point I want to discuss Yes, fair enough. I am point to point agreed with you. However, Bitcoin is number 1 currency not only because it able to attract most investment but mainly because of its scope as first replica of money on internet. Due to which it reaches to several different niches like paid-to-click sites, affiliate marketing, etc as payment method and more people come to know abouy Bitcoin. Thus, it has grown to glory which we are seeing now. Other than that if we consider price and caps (obviously not market cap) as a determining factor of coin success, yes we could see investors abandoning Bitcoin and surging some other coin if Bitcoin continues to create scaling problem as mentioned by you. Title: Re: Why Bitcoin cannot drop in price Post by: warrior333 on July 01, 2017, 01:13:08 PM The high level of demand for bitcoin may not last forever. Why invest money in something than you don't use and that has no capitalization. If you will not develop trade with bitcoin we may be witnessing the collapse of bitcoin.
Title: Re: Why Bitcoin cannot drop in price Post by: amar32 on July 01, 2017, 01:15:55 PM Bitcoin being a first decentralized currency is more reliable, and now getting lot more investment from the countries and acceptance by nation are making it secure as a digital currency
Title: Re: Why Bitcoin cannot drop in price Post by: v0rtecxz on July 01, 2017, 01:17:44 PM Yes currently bitcoin holds the peak of the crypto currency, however bitcoins are still trusted by many people in terms of security and other things, but for now many of the other coins show their performance, it is not unlikely that one of these altcoins Shifting the bitcoin position and replacing it, when bitcoin is at the lowest point in the market price, but that's just an estimate, so far the bitcoin state of the market is still in great shape I think it will last for a long time
Title: Re: Why Bitcoin cannot drop in price Post by: Anarchist on July 01, 2017, 01:19:55 PM Saying that Bitcoin cannot drop in price is a bit wrong, we saw a good exemple some weeks ago. Bitcoin may be from now at the top of crypto because it has managed to attract the biggest amount of fiat (dollars, euro, etc) as you say but keep in mind that compared to other currencies Bitcoin is the oldest, it wuold be better to compare them at the same stage
Title: Re: Why Bitcoin cannot drop in price Post by: Mikehills101 on July 01, 2017, 01:27:32 PM I agree bitcoin has it up and down. But I still believe that it is stable and reliable.
Title: Re: Why Bitcoin cannot drop in price Post by: d5000 on July 01, 2017, 01:28:32 PM In fact, it may happen even without external and deliberate influence but just because of Bitcoin price declining for a sufficient amount of time on its own. And this is the point I want to discuss This is definitively a possibility. If Bitcoin's main usage was that of a "store of value", then a constantly falling price would mean it failed in this use case. That is also the problem I have with approaches that want to reduce Bitcoin to a store of value or digital gold. It can fail any time when there are not enough fools left to invest and hodl. Every altcoin could then take the lead as the new "digital gold", but that new contender would also eventually fail when its bull cycle ends. So my conclusion is: If Bitcoin wants to be a strong and robust currency, then it must be used for purchases. It doesn't matter if it's used for "morally good" purchases or "bad" ones. The essence is that it must be in constant circulation, because only then it can sustain itself as a global payment network - otherwise merchants would rapidly lose interest and a vicious cycle could begin that would end with Bitcoin's fall into irrelevance. That is where also the real importance of scaling solutions is: As a "digital gold" Bitcoin does not need much transaction capacity - but it also loses a large part of its potential. It does need sidechains and other similar solutions if it wants to be a medium of exchange for hundreds of millions or billions of people and sustain itself as a payment network. Title: Re: Why Bitcoin cannot drop in price Post by: krishnapramod on July 01, 2017, 02:03:14 PM Bitcoin is at the top of cryptocurrencies simply because it has managed to attract the biggest amount of fiat (dollars, euro, etc) compared to other currencies. no not at all.bitcoin is on top because it is the most secure and the most decentralized cryptocurrency. it has the best developers team which kept the code good and powerful and it is the most reviewed code out there. then it attracted a lot of real usage as a currency by lots of merchants. then it attracted a lot of fiat no the other way around I think the real usage of Bitcoin as a means of payment is inconsequential at best Since most of Bitcoin value comes via speculation (i.e. "those who see bitcoin as a "cash cow" to milk for more money"). You personally may not not quite like it (I certainly understand your pains), but your dislike can't change anything in this department. That's why I said that we should cut the crap and face the facts in the first place. Apart from that, I can't possibly agree that Bitcoin is "the most secure and the most decentralized cryptocurrency" out there. If you disagree with this, namely, that Bitcoin today cannot be considered as safe and decentralized, then "there is no point even arguing with you". In fact, by "some other coin" I meant Litecoin as the most likely candidate to take Bitcoin's place if the latter fails to scale up properly (I changed my post to reflect that) That inconsequential thing is the whole purpose of bitcoin. I don't think Satoshi created bitcoin with the intent it to be a store of value, more as a currency to challenge the banking system. I had mentioned in one of my last posts that the store of value aspect of bitcoin is just an extension of it being a decentralized peer-to-peer payment system. If bitcoin fails as a medium of exchange there would be no store of value. Speculation would die sooner or later and once that happens bitcoin would become entirely dependent on its utilization as a currency to stay in the game. The analogy is speculators are milking bitoin as a cow without giving any fodder and on top of that expecting it to have an infinite supply of milk. Title: Re: Why Bitcoin cannot drop in price Post by: deisik on July 01, 2017, 03:05:20 PM That is where also the real importance of scaling solutions is: As a "digital gold" Bitcoin does not need much transaction capacity - but it also loses a large part of its potential. It does need sidechains and other similar solutions if it wants to be a medium of exchange for hundreds of millions or billions of people and sustain itself as a payment network Bitcoin is not and cannot be digital gold It lacks intrinsic value which makes gold into a store of value and the lack of which will never make Bitcoin into a digital twin of gold. If Bitcoin is not transacted (traded, used as a means of payment, etc), it will lose any value and significance since the value that it has follows from its specific use, not from its qualities directly. In other words, it is not Bitcoin's value, it is the value of its use, that of a speculative asset. It fits perfectly for this end, but it fails absolutely as a store of value. As it follows from the OP, if some coin takes Bitcoin's place as a speculative asset, Bitcoin will get quickly abandoned. There is nothing unique about Bitcoin that could potentially make it into another gold Title: Re: Why Bitcoin cannot drop in price Post by: skorupi17 on July 01, 2017, 03:23:12 PM As for what I believe, Bitcoin's price will not drop (a very harsh one that might lead to its death or something bad) because of its users. Bitcoin had established strong foundation and in return, its users trust it compared to other cryptocurrencies. It had been around for years and despite of its young age, it shows everyone that it is worthy for their trust and worthy for being the king of cryptos.
Title: Re: Why Bitcoin cannot drop in price Post by: erasmusjoe on July 01, 2017, 03:36:12 PM bitcoin has its up and down, but until now we have seen btc going up despite all the problems.
and yet the august 1 issue is coming. bitcoin has its users, from the time its coming up and until today. those users helping bitcoin to grow like today. and in the future, i believe btc will become more important. countries will adapt btc, ppl will use it as a payment method. Title: Re: Why Bitcoin cannot drop in price Post by: deisik on July 01, 2017, 04:02:45 PM I think the real usage of Bitcoin as a means of payment is inconsequential at best Since most of Bitcoin value comes via speculation (i.e. "those who see bitcoin as a "cash cow" to milk for more money"). You personally may not not quite like it (I certainly understand your pains), but your dislike can't change anything in this department. That's why I said that we should cut the crap and face the facts in the first place. Apart from that, I can't possibly agree that Bitcoin is "the most secure and the most decentralized cryptocurrency" out there. If you disagree with this, namely, that Bitcoin today cannot be considered as safe and decentralized, then "there is no point even arguing with you". In fact, by "some other coin" I meant Litecoin as the most likely candidate to take Bitcoin's place if the latter fails to scale up properly (I changed my post to reflect that) That inconsequential thing is the whole purpose of bitcoin. I don't think Satoshi created bitcoin with the intent it to be a store of value, more as a currency to challenge the banking system. I had mentioned in one of my last posts that the store of value aspect of bitcoin is just an extension of it being a decentralized peer-to-peer payment system. If bitcoin fails as a medium of exchange there would be no store of value If wishes were horses, beggars might ride Just because Satoshi deemed Bitcoin as a means of payment doesn't magically make it into one. We have what we have, that's why I told that we should stick to actual facts. And the facts are not very good since even when Bitcoin is seemingly used as a medium of exchange, it is no more than illusion. It gets sold as soon as it is paid with. Further, Bitcoin can never become a genuine store of value even if it gets accepted as a true means of payment in a sort of Bitcoin economy, pretty much for the same reasons why no fiat currency can be a store of value, i.e. for the lack of this very value Title: Re: Why Bitcoin cannot drop in price Post by: FasTroy on July 01, 2017, 04:38:34 PM bitcoin has its up and down, but until now we have seen btc going up despite all the problems. I agree with you, bitcoin is more powerful than dying. At least it's not the time for dying. It is still strong. because of people and the millions of people around the world bitcoin become as we see in 2017. An amazing coins, too valuable with price of 2417$ now according to preev. There is no chance to dying now, it's just the beggining of the power of cryptocurrencies.and yet the august 1 issue is coming. bitcoin has its users, from the time its coming up and until today. those users helping bitcoin to grow like today. and in the future, i believe btc will become more important. countries will adapt btc, ppl will use it as a payment method. Title: Re: Why Bitcoin cannot drop in price Post by: krishnapramod on July 01, 2017, 05:32:06 PM I think the real usage of Bitcoin as a means of payment is inconsequential at best Since most of Bitcoin value comes via speculation (i.e. "those who see bitcoin as a "cash cow" to milk for more money"). You personally may not not quite like it (I certainly understand your pains), but your dislike can't change anything in this department. That's why I said that we should cut the crap and face the facts in the first place. Apart from that, I can't possibly agree that Bitcoin is "the most secure and the most decentralized cryptocurrency" out there. If you disagree with this, namely, that Bitcoin today cannot be considered as safe and decentralized, then "there is no point even arguing with you". In fact, by "some other coin" I meant Litecoin as the most likely candidate to take Bitcoin's place if the latter fails to scale up properly (I changed my post to reflect that) That inconsequential thing is the whole purpose of bitcoin. I don't think Satoshi created bitcoin with the intent it to be a store of value, more as a currency to challenge the banking system. I had mentioned in one of my last posts that the store of value aspect of bitcoin is just an extension of it being a decentralized peer-to-peer payment system. If bitcoin fails as a medium of exchange there would be no store of value If wishes were horses, beggars might ride Just because Satoshi deemed Bitcoin as a means of payment doesn't magically make it into one. We have what we have, that's why I told that we should stick to actual facts. And the facts are not very good since even when Bitcoin is seemingly used as a medium of exchange, it is no more than illusion. It gets sold as soon as it is paid with. Further, Bitcoin can never become a genuine store of value even if it gets accepted as a true means of payment in a sort of Bitcoin economy, pretty much for the same reasons why no fiat currency can be a store of value, i.e. for the lack of this very value Still a good number of people believe bitcoin is a bubble, a speculative bubble. People who would like to use it as a currency are staying away from it for the time being because of volatility, who are using it, converts it instantly because of the same reason. A speculative currency would be a good store of value, but it would always prevent it from becoming a true means of payment. Would speculation be enough to keep bitcoin as the top cryptocurrency in the long run? Or bitcoin gains momentum as a P2P currency, less speculation, less volatile, more stability, not a good store of value. Would that be in the best interests of bitcoin? It comes down to speculation/store of value vs stability/medium of exchange. Yeah, we have what we have and we don't know what we might have in future. Title: Re: Why Bitcoin cannot drop in price Post by: OROBTC on July 01, 2017, 05:47:26 PM ...
I see two main risks to Bitcoin price: 1) [Short Term] If they fail to solve the scaling problem(s) or make major errors or have ugly "civil wars" then many people will drop BTC like a rock (get rid of it), and new people will not join in. That is why, IMO, it is VERY IMPORTANT to get an solid agreement ASAP on this issue that is OK with the Developers and the Miners. 2) [Longer Term] Yes, given enough time, another crypto is likely to come along with better features, solid financial & technical backing, etc. to supplant Bitcoin. Technological progress almost always has losers too. Title: Re: Why Bitcoin cannot drop in price Post by: squatz1 on July 01, 2017, 10:13:46 PM The high level of demand for bitcoin may not last forever. Why invest money in something than you don't use and that has no capitalization. If you will not develop trade with bitcoin we may be witnessing the collapse of bitcoin. Oh there is no chance it hell that this demand is able to pull through forever, there's just no way that people are going to be dumb enough to keep buying into a currency which is unable to come to a conclusion on fixing an issue which they have at the moment when it comes to network congestion and overprices fees, this alongside the miners cheating and such. People are just going to invest to be able to make money, they THINK the price is just going to keep going up and up while the price is going to need to fall at some point, the lord only know when it's going to come crashing down though. Bitcoin can drop and price, and drop it price it will do at some point. Title: Re: Why Bitcoin cannot drop in price Post by: ximply on July 02, 2017, 01:48:10 AM You can see in the news of the etherium price bubble. Most of the person who invested in etherium thinks that is is the next bitcoin so they rushed to buy. Soon the water will clear up and people will panic. Will it affect Bitcoin if etherium price collapse? Because therr are also people who bought etherium sold their Bitcoin to get the former. What would happen next??
Title: Re: Why Bitcoin cannot drop in price Post by: DoublerHunter on July 02, 2017, 02:19:52 AM You can see in the news of the etherium price bubble. Most of the person who invested in etherium thinks that is is the next bitcoin so they rushed to buy. Soon the water will clear up and people will panic. Will it affect Bitcoin if etherium price collapse? Because therr are also people who bought etherium sold their Bitcoin to get the former. What would happen next?? We can't blame them if they buy ethereum because that was a result of the hype of the news and also the ICOs that are keep on growing and because of that craze, a lot of people are buying ethereum and not thinking about their possible outcome, now the price of ethereum is slowly going down and the only thing that they can do is hold or else they will get a dramatic loss.Title: Re: Why Bitcoin cannot drop in price Post by: d5000 on July 02, 2017, 02:40:32 AM Bitcoin is not and cannot be digital gold [...] If Bitcoin is not transacted (traded, used as a means of payment, etc), it will lose any value and significance since the value that it has follows from its specific use, not from its qualities directly. Exactly that's what I wanted to say with my post. My conclusion: If Bitcoiners want to maintain Bitcoin's leadership, they MUST care about the ecosystem of "Bitcoin as a currency" and encourage real-world usage. They must also care about scaling, because the ecosystem growth will be "capped" in a state that is probably much too small for a serious payment network, if we keep with a transaction capacity of less than, let's say, 100 tx/sec. Otherwise, Bitcoin will fail - or be a niche currency/play money forever, with occasional speculative bubbles. Title: Re: Why Bitcoin cannot drop in price Post by: ximply on July 02, 2017, 05:26:53 AM Bitcoin is not and cannot be digital gold [...] If Bitcoin is not transacted (traded, used as a means of payment, etc), it will lose any value and significance since the value that it has follows from its specific use, not from its qualities directly. Exactly that's what I wanted to say with my post. My conclusion: If Bitcoiners want to maintain Bitcoin's leadership, they MUST care about the ecosystem of "Bitcoin as a currency" and encourage real-world usage. They must also care about scaling, because the ecosystem growth will be "capped" in a state that is probably much too small for a serious payment network, if we keep with a transaction capacity of less than, let's say, 100 tx/sec. Otherwise, Bitcoin will fail - or be a niche currency/play money forever, with occasional speculative bubbles. I agree with that. Real world usage and bitcoin as a currency is the way to do it. Capped in terms of speed but not in quantity. But still Bitcoin is still fast compare to banks which takes 2-3 days and with no weekend transactions. Bitcoin will not die and a solution will present itself. Title: Re: Why Bitcoin cannot drop in price Post by: Yakamoto on July 02, 2017, 05:31:07 AM Bitcoin being a first decentralized currency is more reliable, and now getting lot more investment from the countries and acceptance by nation are making it secure as a digital currency But something like that would still pump the value of Bitcoin and make sure that it retains its position as the #1 market cap in crypto as people seek to buy more of it for use within their daily lives, or at least speculate on what is going to happen now that more countries are open to the idea of having Bitcoin as a legitimate means of exchanging value. It doesn't keep the market cap the same and it will keep moving upwards as more people invest in it, either with their time or with their money.Title: Re: Why Bitcoin cannot drop in price Post by: Troller Durden on July 02, 2017, 05:32:56 AM ... I see two main risks to Bitcoin price: 1) [Short Term] If they fail to solve the scaling problem(s) or make major errors or have ugly "civil wars" then many people will drop BTC like a rock (get rid of it), and new people will not join in. That is why, IMO, it is VERY IMPORTANT to get an solid agreement ASAP on this issue that is OK with the Developers and the Miners. 2) [Longer Term] Yes, given enough time, another crypto is likely to come along with better features, solid financial & technical backing, etc. to supplant Bitcoin. Technological progress almost always has losers too. It is obvious the rise in market cap from ETH and the other alts is a direct result of the inaction of consensus to scale with the pace of demand. I also am of the belief that segwit and lightning networks is not enough, and possibly a wrong move when increasing the block size would work and has been begged for. Title: Re: Why Bitcoin cannot drop in price Post by: NathanJB on July 02, 2017, 06:30:09 AM The price of bitcoin is dropping as we speak. That means bitcoin can drop in price. That's a basic crypto thing, up and down the curve, price fluctuations. But as the number 1 spot, that will hardly be taken by some other crypto. Bitcoin is the pioneer of everything there is cryptocurrency. The rest are following its footsteps. The foundation is pretty much established by bitcoin that is why crypto people believe in bitcoin as the most stable among the rest.
Title: Re: Why Bitcoin cannot drop in price Post by: fokilpt on July 02, 2017, 06:44:59 AM And remain the No. 1 cryptocurrency at that If we are to cut the crap and face the facts, Bitcoin is at the top of cryptocurrencies simply because it has managed to attract the biggest amount of fiat (dollars, euro, etc) compared to other currencies (note that this has nothing to do with the so-called "market cap"). And it did so because it has been outpacing most other coins in terms of generating profits in the long term (while generating less losses when it didn't fare quite well, say in 2014-2015), apart from being the first mover, of course. Some coins have recently been (or had been in the past) more profitable than Bitcoin but they all lacked consistency, i.e. the capability of generating profits over long enough time frames. Conversely, if Bitcoin starts generating losses and that wouldn't be temporary while some other currency shows more profitability over the same time span, people will start losing interest in Bitcoin as a speculative asset and turn toward that currency. The inference is that if you want to make Bitcoin die a painful and miserable death, you should, first, make its prices at least stagnant, and, second, pour enough cash into some other coin (more or less decent in terms of technology behind it, say, Litecoin) while (and this is the most important point here) keeping this growth for a certain period of time until the process turns self-sustainable and self-reinforcing That might not make a lot of sense in the past when Bitcoin was strong (since that would be outright prohibitively expensive), but things may change if, for example, Bitcoin fails to scale successfully. In fact, it may happen even without external and deliberate influence but just because of Bitcoin price declining for a sufficient amount of time on its own. And this is the point I want to discuss It is dropping though. I think after this error or whatever they had; Bitcoin is going to drop little by little until it stabilizes again. I lost $5 today just by keeping bitcoin in my blockchain wallet heh. Title: Re: Why Bitcoin cannot drop in price Post by: deisik on July 02, 2017, 06:52:50 AM Bitcoin is not and cannot be digital gold [...] If Bitcoin is not transacted (traded, used as a means of payment, etc), it will lose any value and significance since the value that it has follows from its specific use, not from its qualities directly. Exactly that's what I wanted to say with my post. My conclusion: If Bitcoiners want to maintain Bitcoin's leadership, they MUST care about the ecosystem of "Bitcoin as a currency" and encourage real-world usage. They must also care about scaling, because the ecosystem growth will be "capped" in a state that is probably much too small for a serious payment network, if we keep with a transaction capacity of less than, let's say, 100 tx/sec. Otherwise, Bitcoin will fail - or be a niche currency/play money forever, with occasional speculative bubbles. All what generic bitcoiners mostly care for are profits Heck, even miners care only for profits. They are not there to change the world. It is developers that are actually to do something that wouldn't be directly aimed at making more profits. But that doesn't mean that what they might be up to should necessarily be good for Bitcoin (profits just may not be their top priority, or not a priority at all). That said, we are in a sort of stalemate, since the majority are there for short term profits (read they are afraid of changes) but without consensus it is impossible to push through the required changes. Does it mean that Bitcoin is set to fail and fall eventually? Not necessarily in the next few months but maybe in a year or two (given the competition raising its head) Title: Re: Why Bitcoin cannot drop in price Post by: Amph on July 02, 2017, 07:05:59 AM Bitcoin is at the top of cryptocurrencies simply because it has managed to attract the biggest amount of fiat (dollars, euro, etc) compared to other currencies. no not at all.bitcoin is on top because it is the most secure and the most decentralized cryptocurrency. it has the best developers team which kept the code good and powerful and it is the most reviewed code out there. then it attracted a lot of real usage as a currency by lots of merchants. then it attracted a lot of fiat no the other way around I think the real usage of Bitcoin as a means of payment is inconsequential at best Since most of Bitcoin value comes via speculation (i.e. "those who see bitcoin as a "cash cow" to milk for more money"). You personally may not not quite like it (I certainly understand your pains), but your dislike can't change anything in this department. That's why I said that we should cut the crap and face the facts in the first place. Apart from that, I can't possibly agree that Bitcoin is "the most secure and the most decentralized cryptocurrency" out there. If you disagree with this, namely, that Bitcoin today cannot be considered as safe and decentralized, then "there is no point even arguing with you". In fact, by "some other coin" I meant Litecoin as the most likely candidate to take Bitcoin's place if the latter fails to scale up properly (I changed my post to reflect that) this might be true in the past but with japan adoption, there is a real usage now for bitcoin, much more than before and it was make bitcoin different than other pure speculative currency, all the other currency don't have merchants support, they are there just for pump and dump at the moment Title: Re: Why Bitcoin cannot drop in price Post by: freedomno1 on July 02, 2017, 07:23:40 AM I'm of the view that more than one can co-exist and were at a stage where Cryptocurrencies as an asset class is just touching 100 Billion dollars so even if we account for price drops and price shifts we still need to see signifcant scale and growth for the class of cryptos before we start seeing Bitcoin stagnate and kill itself due to better competitors. That doesn't mean that some other currencies will not surpass Bitcoins marketcap in theory and lead to more speculation on them, but for now the wave is rising for all the boats in the harbor and the general trend is up.
http://coinmarketcap.com/ (Also historically with miners there were sites that compared the yields of mining a certain altcoin vs the return to Bitcoin so those have been around for ages but Bitcoin miners still mine BTC lol) https://whattomine.com/asic https://www.coinwarz.com/cryptocurrency (Looks at Dash/ETC/ETH/LTC) on Coinwarz Title: Re: Why Bitcoin cannot drop in price Post by: anylic on July 02, 2017, 08:09:15 AM everything now are dependent on a notice from BTC core. If the BTC is parsed, the price of the BTC will fluctuate greatly. More likely the price of BTC will collapse so powerful and when that investors will pay attention to the altcoin
Title: Re: Why Bitcoin cannot drop in price Post by: deisik on July 02, 2017, 08:21:07 AM I think the real usage of Bitcoin as a means of payment is inconsequential at best Since most of Bitcoin value comes via speculation (i.e. "those who see bitcoin as a "cash cow" to milk for more money"). You personally may not not quite like it (I certainly understand your pains), but your dislike can't change anything in this department. That's why I said that we should cut the crap and face the facts in the first place. Apart from that, I can't possibly agree that Bitcoin is "the most secure and the most decentralized cryptocurrency" out there. If you disagree with this, namely, that Bitcoin today cannot be considered as safe and decentralized, then "there is no point even arguing with you". In fact, by "some other coin" I meant Litecoin as the most likely candidate to take Bitcoin's place if the latter fails to scale up properly (I changed my post to reflect that) this might be true in the past but with japan adoption, there is a real usage now for bitcoin, much more than before and it was make bitcoin different than other pure speculative currency, all the other currency don't have merchants support, they are there just for pump and dump at the moment I don't think we could claim that in earnest This "adoption" seems to be as misleading as the market cap that likely fooled more people than this forum has members. As to me, it could be counted toward real adoption if the merchants, instead of converting the bitcoins they receive as payment for their goods to fiat (or even before that), started paying wages with them. In other words, if somewhere down the line these bitcoins still end up being exchanged for fiat, this cannot be considered as genuine adoption (as I have already explained earlier in the thread), just like the so-called market cap can't reveal real money flows in the market (which is what ultimately counts) Title: Re: Why Bitcoin cannot drop in price Post by: zulkarnaen on July 02, 2017, 08:57:00 AM The price of bitcoin is dropping as we speak. That means bitcoin can drop in price. That's a basic crypto thing, up and down the curve, price fluctuations. But as the number 1 spot, that will hardly be taken by some other crypto. Bitcoin is the pioneer of everything there is cryptocurrency. The rest are following its footsteps. The foundation is pretty much established by bitcoin that is why crypto people believe in bitcoin as the most stable among the rest. Currently bitcoin is the highest coin among coins in crypto market, but bitcoin has a fluctuating price and sometimes it is difficult for us to analyze price movements. And bitcoin is the latest innovation and successful digital currency pioneer and has many users in various countries. Title: Re: Why Bitcoin cannot drop in price Post by: Sniper150 on July 02, 2017, 09:36:08 AM The high level of demand for bitcoin may not last forever. Why invest money in something than you don't use and that has no capitalization. If you will not develop trade with bitcoin we may be witnessing the collapse of bitcoin. Yes , because it depends upon the supply and demand. The lower the price, the higher its demand, the higher the price the lower its demand. For short it is inversely proportional to each other. It's better when the price was high, convert it into fiat money so that when its price fell again there is a big possibility to increase your savings in your wallet. Just keep an eye on its price for you to be updated. Title: Re: Why Bitcoin cannot drop in price Post by: Mike Mayor on July 02, 2017, 05:15:00 PM So many strong opinions and some so bias and silly. Also people posting walls of text.
Simple version. Bitcoin = Payment method. Fast. secure. Safe. Trustless. No bank involvement my money is mine. Paper notes = Stone age money. Same as printing things out and using s fax machine. Stone age. We like in the digital times so save s tree and stop using paper. Also bank deposit and eft and PayPal are all horrible and overly complicated and have horrible fees many hidden people who say bitcoin fees are high clearly have no experience using banking. Is Bitcoin the best/leader ? = Who cares ? It's crypto and you pay with it. Use what gains you most profit at the time. Conclusion = Bitcoin is not going anywhere anytime soon. If it does then we going backwards and may as well start trading in live stock again. Title: Re: Why Bitcoin cannot drop in price Post by: DentalFx on July 02, 2017, 05:19:52 PM And remain the No. 1 cryptocurrency at that what goes up must come down :)If we are to cut the crap and face the facts, Bitcoin is at the top of cryptocurrencies simply because it has managed to attract the biggest amount of fiat (dollars, euro, etc) compared to other currencies (note that this has nothing to do with the so-called "market cap"). And it did so because it has been outpacing most other coins in terms of generating profits in the long term (while generating less losses when it didn't fare quite well, say in 2014-2015), apart from being the first mover, of course. Some coins have recently been (or had been in the past) more profitable than Bitcoin but they all lacked consistency, i.e. the capability of generating profits over long enough time frames. Conversely, if Bitcoin starts generating losses and that wouldn't be temporary while some other currency shows more profitability over the same time span, people will start losing interest in Bitcoin as a speculative asset and turn toward that currency. The inference is that if you want to make Bitcoin die a painful and miserable death, you should, first, make its prices at least stagnant, and, second, pour enough cash into some other coin (more or less decent in terms of technology behind it, say, Litecoin) while (and this is the most important point here) keeping this growth for a certain period of time until the process turns self-sustainable and self-reinforcing That might not make a lot of sense in the past when Bitcoin was strong (since that would be outright prohibitively expensive), but things may change if, for example, Bitcoin fails to scale successfully. In fact, it may happen even without external and deliberate influence but just because of Bitcoin price declining for a sufficient amount of time on its own. And this is the point I want to discuss Title: Re: Why Bitcoin cannot drop in price Post by: MancyZz on July 02, 2017, 05:48:54 PM in my opinion bitcoin can drop in lastyear or in august . because bitcoin very high price every 4 years
Title: Re: Why Bitcoin cannot drop in price Post by: Sarah08 on July 02, 2017, 05:52:50 PM And remain the No. 1 cryptocurrency at that If we are to cut the crap and face the facts, Bitcoin is at the top of cryptocurrencies simply because it has managed to attract the biggest amount of fiat (dollars, euro, etc) compared to other currencies (note that this has nothing to do with the so-called "market cap"). And it did so because it has been outpacing most other coins in terms of generating profits in the long term (while generating less losses when it didn't fare quite well, say in 2014-2015), apart from being the first mover, of course. Some coins have recently been (or had been in the past) more profitable than Bitcoin but they all lacked consistency, i.e. the capability of generating profits over long enough time frames. Conversely, if Bitcoin starts generating loses and that wouldn't be temporary while some other currency shows more profitability over the same time span, people will start losing interest in Bitcoin as a speculative asset and turn toward that currency. The inference is that if you want to make Bitcoin die a painful and miserable death, you should, first, make its prices at least stagnant, and, second, pour enough cash into some other coin (more or less decent in terms of technology behind it, say, Litecoin) while (and this is the most important point here) keeping this growth for a certain period of time until the process turns self-sustainable and self-reinforcing That might not make a lot of sense in the past when Bitcoin was strong (since that would be outright prohibitively expensive), but things may change if, for example, Bitcoin fails to scale successfully. In fact, it may happen even without external and deliberate influence but just because of Bitcoin price declining for a sufficient amount of time on its own. And this is the point I want to discuss 100% agree with op and let's hope that bitcoins price do not fall. I also feel that bitcoin has by far been the most successful crypto currency, in between they were screaming for ethereum and then came the fall, people are far more comfortable with Bitcoin than any other coins, and with so many Asian countries adoptiong and leading the way any thing is possible, we yet don't know what will August 1st bring except we can be just pray for the best and let's hope it rises only. Title: Re: Why Bitcoin cannot drop in price Post by: Zemangat on July 03, 2017, 11:16:52 AM I think why bitcoin does not go down and always up from year to year. Maybe people are already familiar with bitcoin and buy bitcoin with a large amount. They use bitcoins to save and invest. The more people buy bitcoin the higher the bitcoin price. And it makes us fortune to invest bitcoin. I remember once I bought 1 btc for 1000 $ and now btc reach 3000 $ .. from there I feel if I invest bitcoin now .. 5 years to come will surely increase the price
Title: Re: Why Bitcoin cannot drop in price Post by: steampunkz on July 03, 2017, 11:38:30 AM Bitcoin is now so popular the price of it will not drop because of many users are supporting and using it. Because of its high price many investors are attractive to it going to invest there money. Because bitcoin now is the future!
Title: Re: Why Bitcoin cannot drop in price Post by: mdripon on July 03, 2017, 01:51:07 PM And remain the No. 1 cryptocurrency at that If we are to cut the crap and face the facts, Bitcoin is at the top of cryptocurrencies simply because it has managed to attract the biggest amount of fiat (dollars, euro, etc) compared to other currencies (note that this has nothing to do with the so-called "market cap"). And it did so because it has been outpacing most other coins in terms of generating profits in the long term (while generating less losses when it didn't fare quite well, say in 2014-2015), apart from being the first mover, of course. Some coins have recently been (or had been in the past) more profitable than Bitcoin but they all lacked consistency, i.e. the capability of generating profits over long enough time frames. Conversely, if Bitcoin starts generating losses and that wouldn't be temporary while some other currency shows more profitability over the same time span, people will start losing interest in Bitcoin as a speculative asset and turn toward that currency. The inference is that if you want to make Bitcoin die a painful and miserable death, you should, first, make its prices at least stagnant, and, second, pour enough cash into some other coin (more or less decent in terms of technology behind it, say, Litecoin) while (and this is the most important point here) keeping this growth for a certain period of time until the process turns self-sustainable and self-reinforcing That might not make a lot of sense in the past when Bitcoin was strong (since that would be outright prohibitively expensive), but things may change if, for example, Bitcoin fails to scale successfully. In fact, it may happen even without external and deliberate influence but just because of Bitcoin price declining for a sufficient amount of time on its own. And this is the point I want to discuss In long term, obviously good suport economic so cannot drop in Bitcoin price. Title: Re: Why Bitcoin cannot drop in price Post by: amar32 on July 03, 2017, 01:55:27 PM Its been droping and coming up always there is no specific reason
Title: Re: Why Bitcoin cannot drop in price Post by: Gaff on July 03, 2017, 02:46:47 PM And remain the No. 1 cryptocurrency at that If we are to cut the crap and face the facts, Bitcoin is at the top of cryptocurrencies simply because it has managed to attract the biggest amount of fiat (dollars, euro, etc) compared to other currencies (note that this has nothing to do with the so-called "market cap"). And it did so because it has been outpacing most other coins in terms of generating profits in the long term (while generating less losses when it didn't fare quite well, say in 2014-2015), apart from being the first mover, of course. Some coins have recently been (or had been in the past) more profitable than Bitcoin but they all lacked consistency, i.e. the capability of generating profits over long enough time frames. Conversely, if Bitcoin starts generating losses and that wouldn't be temporary while some other currency shows more profitability over the same time span, people will start losing interest in Bitcoin as a speculative asset and turn toward that currency. The inference is that if you want to make Bitcoin die a painful and miserable death, you should, first, make its prices at least stagnant, and, second, pour enough cash into some other coin (more or less decent in terms of technology behind it, say, Litecoin) while (and this is the most important point here) keeping this growth for a certain period of time until the process turns self-sustainable and self-reinforcing That might not make a lot of sense in the past when Bitcoin was strong (since that would be outright prohibitively expensive), but things may change if, for example, Bitcoin fails to scale successfully. In fact, it may happen even without external and deliberate influence but just because of Bitcoin price declining for a sufficient amount of time on its own. And this is the point I want to discuss In long term, obviously good suport economic so cannot drop in Bitcoin price. Title: Re: Why Bitcoin cannot drop in price Post by: EthBooks on July 03, 2017, 03:19:28 PM ->The main advantages of Bitcoin are network effect and proven security. Both are nearly insurmountable advantages.
->Bitcoin has a large lead as a store of value over every altcoin in having existed 8 years without failure. ->Bitcoin is more accessible, with more exchanges, more merchants, more software and more hardware that support it. Bitcoin is far more liquid, with much larger volumes than every altcoin. Title: Re: Why Bitcoin cannot drop in price Post by: Rizky Aditya on July 03, 2017, 07:35:24 PM Bitcoin is now so popular the price of it will not drop because of many users are supporting and using it. Because of its high price many investors are attractive to it going to invest there money. Because bitcoin now is the future! bitcoin users are increasing day by day and I think it will increase bitcoin value instead of dropping it down so it could not be the reason of its decreased value ever. Now bitcoin is more popular than before so we cannot say anything about bitcoin because it’s unpredictable for its price. Title: Re: Why Bitcoin cannot drop in price Post by: tabas on July 03, 2017, 07:39:44 PM Its been droping and coming up always there is no specific reason Yes it has been dropping and even it is dropping. Price is still unstable because after it dropped and being corrected. The price is recovering immediately and it has a big support to the community and its investors. Its likely not going to drop because theres a big community of it already.Title: Re: Why Bitcoin cannot drop in price Post by: ImHash on July 03, 2017, 08:01:51 PM So after 3 pages of long posts and arguments we have come to an understanding about the fact that people (community) are the ones keeping bitcoin at top and it will remain number one if it could answer the legitimate needs of users (community members) and if miners (governors of bitcoin network) are not competent enough to reach a mutual agreement for everyone's benefit then other currencies such as obviously ETH/ LTC.
Title: Re: Why Bitcoin cannot drop in price Post by: doomloop on July 03, 2017, 08:03:07 PM I think why bitcoin does not go down and always up from year to year. Maybe people are already familiar with bitcoin and buy bitcoin with a large amount. They use bitcoins to save and invest. The more people buy bitcoin the higher the bitcoin price. And it makes us fortune to invest bitcoin. I remember once I bought 1 btc for 1000 $ and now btc reach 3000 $ .. from there I feel if I invest bitcoin now .. 5 years to come will surely increase the price bitcoin is highly demanded currency it is (price) higher than all currencies of the world and Transaction takes time but it makes money pure and secure. bitcoin is safe for those who knows all the skills of investment and trading. moreover the bitcoin investment is very profitable as you say about the price increase, yeah its price is always increasing and in future it will be very profitable for those who invest their money. Title: Re: Why Bitcoin cannot drop in price Post by: Sinkova on July 03, 2017, 08:15:54 PM Why should it drop in price if there are more and more people add to this system.Its value is increasing instead of dropping.
Title: Re: Why Bitcoin cannot drop in price Post by: joebrook on July 03, 2017, 08:22:08 PM And remain the No. 1 cryptocurrency at that Bitcoins are at the top of the cryptocurrency race because it was able to gain alot of popularity in the early days, no one imagined how profitable it was going to be on the long run and once people knew about making money by mining it drew a lot of people in,I think the current price will hover around $2000 and never go below that.If we are to cut the crap and face the facts, Bitcoin is at the top of cryptocurrencies simply because it has managed to attract the biggest amount of fiat (dollars, euro, etc) compared to other currencies (note that this has nothing to do with the so-called "market cap"). And it did so because it has been outpacing most other coins in terms of generating profits in the long term (while generating less losses when it didn't fare quite well, say in 2014-2015), apart from being the first mover, of course. Some coins have recently been (or had been in the past) more profitable than Bitcoin but they all lacked consistency, i.e. the capability of generating profits over long enough time frames. Conversely, if Bitcoin starts generating losses and that wouldn't be temporary while some other currency shows more profitability over the same time span, people will start losing interest in Bitcoin as a speculative asset and turn toward that currency. The inference is that if you want to make Bitcoin die a painful and miserable death, you should, first, make its prices at least stagnant, and, second, pour enough cash into some other coin (more or less decent in terms of technology behind it, say, Litecoin) while (and this is the most important point here) keeping this growth for a certain period of time until the process turns self-sustainable and self-reinforcing That might not make a lot of sense in the past when Bitcoin was strong (since that would be outright prohibitively expensive), but things may change if, for example, Bitcoin fails to scale successfully. In fact, it may happen even without external and deliberate influence but just because of Bitcoin price declining for a sufficient amount of time on its own. And this is the point I want to discuss Title: Re: Why Bitcoin cannot drop in price Post by: deisik on July 04, 2017, 06:38:54 AM And remain the No. 1 cryptocurrency at that Bitcoins are at the top of the cryptocurrency race because it was able to gain alot of popularity in the early days, no one imagined how profitable it was going to be on the long run and once people knew about making money by mining it drew a lot of people in,I think the current price will hover around $2000 and never go below that.If we are to cut the crap and face the facts, Bitcoin is at the top of cryptocurrencies simply because it has managed to attract the biggest amount of fiat (dollars, euro, etc) compared to other currencies (note that this has nothing to do with the so-called "market cap"). And it did so because it has been outpacing most other coins in terms of generating profits in the long term (while generating less losses when it didn't fare quite well, say in 2014-2015), apart from being the first mover, of course. Some coins have recently been (or had been in the past) more profitable than Bitcoin but they all lacked consistency, i.e. the capability of generating profits over long enough time frames. Conversely, if Bitcoin starts generating losses and that wouldn't be temporary while some other currency shows more profitability over the same time span, people will start losing interest in Bitcoin as a speculative asset and turn toward that currency. The inference is that if you want to make Bitcoin die a painful and miserable death, you should, first, make its prices at least stagnant, and, second, pour enough cash into some other coin (more or less decent in terms of technology behind it, say, Litecoin) while (and this is the most important point here) keeping this growth for a certain period of time until the process turns self-sustainable and self-reinforcing That might not make a lot of sense in the past when Bitcoin was strong (since that would be outright prohibitively expensive), but things may change if, for example, Bitcoin fails to scale successfully. In fact, it may happen even without external and deliberate influence but just because of Bitcoin price declining for a sufficient amount of time on its own. And this is the point I want to discuss Popularity is a very volatile thing, and likely even more volatile than Bitcoin's price itself. Being a first mover would certainly make Bitcoin more popular than other yet non-existent coins (that should be self-explanatory), but just being a first cryptocurrency is nowhere near enough to keep this popularity in competition when this competition finally arrived with the emergence of altcoins. It is the capability to provide consistent profits (and less losses when the wind changes) in comparison to other cryptocoins that makes Bitcoin the most popular coin out the there (and kept this popularity in the past) Profits always trump prophets Title: Re: Why Bitcoin cannot drop in price Post by: guoyu78 on July 09, 2017, 11:37:13 PM I think why bitcoin does not go down and always up from year to year. Maybe people are already familiar with bitcoin and buy bitcoin with a large amount. They use bitcoins to save and invest. The more people buy bitcoin the higher the bitcoin price. And it makes us fortune to invest bitcoin. I remember once I bought 1 btc for 1000 $ and now btc reach 3000 $ .. from there I feel if I invest bitcoin now .. 5 years to come will surely increase the price bitcoin is highly demanded currency it is (price) higher than all currencies of the world and Transaction takes time but it makes money pure and secure. bitcoin is safe for those who knows all the skills of investment and trading. moreover the bitcoin investment is very profitable as you say about the price increase, yeah its price is always increasing and in future it will be very profitable for those who invest their money. Title: Re: Why Bitcoin cannot drop in price Post by: ximply on July 10, 2017, 12:30:07 AM Price is dropping right now because we are at a bubble and August 1 is nearing. It will continue to drop by to 2,000 level
Title: Re: Why Bitcoin cannot drop in price Post by: nexttime on July 10, 2017, 02:50:33 AM I think bitcoin can not be discounted is unpredictable. No one can predict the future of btc. In the past its value has been very stable and continuously increasing in recent times it is decreasing because btc has attracted a large amount of dollars like ero or. Btc tends to decrease.
Title: Re: Why Bitcoin cannot drop in price Post by: Novun on July 10, 2017, 03:58:53 PM The reason bitcoin won't drop significantly or long term is because people are already invested in it both financially and psychologically. If the price drops they will simply buy more at the lower price point thus creating new resistance.
It's the same with stocks. If there are no good or bad news the price keeps rising naturally due to this mentality. On the other hand, good or bad news can significantly influence the price. So if a handful of governments would ban bitcoin that would have a serious effect on the price. Title: Re: Why Bitcoin cannot drop in price Post by: hisuka on July 10, 2017, 04:06:01 PM I think bitcoin can not be discounted is unpredictable. No one can predict the future of btc. In the past its value has been very stable and continuously increasing in recent times it is decreasing because btc has attracted a large amount of dollars like ero or. Btc tends to decrease. For me bitcoin price actually is volatile it is desired as unstable price. We could not predict it until what price will drop as long there is demand of bitcoin that it will stands firm. Bitcoin definitely wont drop instantly because of many invested in it and I believe it will continously increasing. Title: Re: Why Bitcoin cannot drop in price Post by: Beparanf on July 10, 2017, 04:14:44 PM I think bitcoin can not be discounted is unpredictable. No one can predict the future of btc. In the past its value has been very stable and continuously increasing in recent times it is decreasing because btc has attracted a large amount of dollars like ero or. Btc tends to decrease. For me bitcoin price actually is volatile it is desired as unstable price. We could not predict it until what price will drop as long there is demand of bitcoin that it will stands firm. Bitcoin definitely wont drop instantly because of many invested in it and I believe it will continously increasing. Title: Re: Why Bitcoin cannot drop in price Post by: Siren on July 10, 2017, 04:17:11 PM Price is dropping right now because we are at a bubble and August 1 is nearing. It will continue to drop by to 2,000 level I saw that the price of bitcoin is dropping right now, but it is not a bubble and will not be. The price is like this for the last couple of weeks. Seeing a drop then recovering at a high price of $2700. So the price fluctuates because we are nearing the Segwit2x activation. And those really selling now are just afraid to lose this investment without knowing that bitcoin price could really surge after the activation. Title: Re: Why Bitcoin cannot drop in price Post by: Casabrandy on July 11, 2017, 09:45:25 AM Price is dropping right now because we are at a bubble and August 1 is nearing. It will continue to drop by to 2,000 level I saw that the price of bitcoin is dropping right now, but it is not a bubble and will not be. The price is like this for the last couple of weeks. Seeing a drop then recovering at a high price of $2700. So the price fluctuates because we are nearing the Segwit2x activation. And those really selling now are just afraid to lose this investment without knowing that bitcoin price could really surge after the activation. Title: Re: Why Bitcoin cannot drop in price Post by: iram3130 on July 11, 2017, 09:51:56 AM Price is dropping right now because we are at a bubble and August 1 is nearing. It will continue to drop by to 2,000 level I saw that the price of bitcoin is dropping right now, but it is not a bubble and will not be. The price is like this for the last couple of weeks. Seeing a drop then recovering at a high price of $2700. So the price fluctuates because we are nearing the Segwit2x activation. And those really selling now are just afraid to lose this investment without knowing that bitcoin price could really surge after the activation. Exactly. People think Bitcoin as an investment until they understand that it is better than any other currency or fiat and because of that Bitcoin price will always be on top. The sudden dump is only because of panic selling and nothing else which will be recovered when segwit integrates. Title: Re: Why Bitcoin cannot drop in price Post by: onrise on July 11, 2017, 10:16:20 AM Price is dropping right now because we are at a bubble and August 1 is nearing. It will continue to drop by to 2,000 level I saw that the price of bitcoin is dropping right now, but it is not a bubble and will not be. The price is like this for the last couple of weeks. Seeing a drop then recovering at a high price of $2700. So the price fluctuates because we are nearing the Segwit2x activation. And those really selling now are just afraid to lose this investment without knowing that bitcoin price could really surge after the activation. Price has fallen almost close to 2300$ today and started to recovering little. From last week it was hovering around 2500$+ but it has started to dip and it seems it will dip further a bit. So good time for many to buy the coin and do some investment in bitcoin. Title: Re: Why Bitcoin cannot drop in price Post by: doomistake on July 11, 2017, 10:37:34 AM And remain the No. 1 cryptocurrency at that If we are to cut the crap and face the facts, Bitcoin is at the top of cryptocurrencies simply because it has managed to attract the biggest amount of fiat (dollars, euro, etc) compared to other currencies (note that this has nothing to do with the so-called "market cap"). And it did so because it has been outpacing most other coins in terms of generating profits in the long term (while generating less losses when it didn't fare quite well, say in 2014-2015), apart from being the first mover, of course. Some coins have recently been (or had been in the past) more profitable than Bitcoin but they all lacked consistency, i.e. the capability of generating profits over long enough time frames. Conversely, if Bitcoin starts generating losses and that wouldn't be temporary while some other currency shows more profitability over the same time span, people will start losing interest in Bitcoin as a speculative asset and turn toward that currency. The inference is that if you want to make Bitcoin die a painful and miserable death, you should, first, make its prices at least stagnant, and, second, pour enough cash into some other coin (more or less decent in terms of technology behind it, say, Litecoin) while (and this is the most important point here) keeping this growth for a certain period of time until the process turns self-sustainable and self-reinforcing That might not make a lot of sense in the past when Bitcoin was strong (since that would be outright prohibitively expensive), but things may change if, for example, Bitcoin fails to scale successfully. In fact, it may happen even without external and deliberate influence but just because of Bitcoin price declining for a sufficient amount of time on its own. And this is the point I want to discuss Exactly, that is why I'm wondering why there is a lot of people asking or saying that bitcoin should die and other nonsense things about it. Bitcoin is the most solid coins amongst all the coins here in the crypto world since the first time it was release on the market, I mean bitcoin was made to be successful in this world of crypto but it took its time before it rise above the ground of the growing crypto world. We are just ignoring bitcoin way back 2009-2010 (if I'm not mistaken) because people love the money, and bitcoin is not that valuable (based on its price) way back then, but right now, it is the opposite. Bitcoin's population is getting bigger and bigger as the day pass by, and of course with this growing population, bitcoin's demand is also increasing causing the price to skyrocket from time to time. Title: Re: Why Bitcoin cannot drop in price Post by: Manuj on July 11, 2017, 10:48:24 AM Price is dropping right now because we are at a bubble and August 1 is nearing. It will continue to drop by to 2,000 level It is indeed dropping. But it will just provide us newbies an opportunity to acquire bitcoins in a low price. That will run in the opposite direction after that. We will gain then. ;) Title: Re: Why Bitcoin cannot drop in price Post by: Hagane on July 11, 2017, 01:26:19 PM Why should it drop in price if there are more and more people add to this system.Its value is increasing instead of dropping. It's not just the number of people, but also the weight of the investment made by them. To attract more serious investors, Bitcoin needs to establish itself as a safe store of value.Title: Re: Why Bitcoin cannot drop in price Post by: warrior333 on July 11, 2017, 01:31:25 PM Why should it drop in price if there are more and more people add to this system.Its value is increasing instead of dropping. It's not just the number of people, but also the weight of the investment made by them. To attract more serious investors, Bitcoin needs to establish itself as a safe store of value.Title: Re: Why Bitcoin cannot drop in price Post by: Labumi on July 11, 2017, 01:35:31 PM I think bitcoin can not be discounted is unpredictable. No one can predict the future of btc. In the past its value has been very stable and continuously increasing in recent times it is decreasing because btc has attracted a large amount of dollars like ero or. Btc tends to decrease. For me bitcoin price actually is volatile it is desired as unstable price. We could not predict it until what price will drop as long there is demand of bitcoin that it will stands firm. Bitcoin definitely wont drop instantly because of many invested in it and I believe it will continously increasing. Hmm, why do you blame each of her words. This is not a subject to give us many advantages, it is our obligation to give some input so that they can understand more about all the things that are going on. So, it would be much better that you figure out how much larger can and bitcoin provides many benefits for us. Because the fluctuating price of bitcoin is very different from the others, so we must always be smart in choosing. Title: Re: Why Bitcoin cannot drop in price Post by: Caelanpelley on July 11, 2017, 01:39:48 PM as a newbie and new to this i think because people or community is backing up bitcoin. Bitcoin is valuable because of its popularity. As more and more people use and accept payment by bitcoin, its value is constantly increasing over time.The value of bitcoin always depends on the number of users, just like social networking sites, whether they grow or not depends on the number of users. Title: Re: Why Bitcoin cannot drop in price Post by: celested on July 11, 2017, 01:42:38 PM as a newbie and new to this i think because people or community is backing up bitcoin. Bitcoin is valuable because of its popularity. As more and more people use and accept payment by bitcoin, its value is constantly increasing over time.The value of bitcoin always depends on the number of users, just like social networking sites, whether they grow or not depends on the number of users. I do not agree when you say that its value increases continuously over time, its value is constantly changing and depends on the needs of the market, and now its value is rapidly declining. , It is also affecting a lot of altcoins. Title: Re: Why Bitcoin cannot drop in price Post by: senin on July 25, 2017, 11:27:09 PM Fluctuations of the bitcoin course, including those that are scanty and lasting, have been and will be. However, as I believe, in general, his course will continue to grow for a long time, since he has not yet used his resource and continues to enlist the support of a growing number of the society. In this regard, the demand for bitcoin is growing, which means that it will grow in price.
Title: Re: Why Bitcoin cannot drop in price Post by: StephenCurry333 on July 26, 2017, 02:57:50 AM Why Bitcoin cannot drop in price?? i think because support of community, evan a shit coins
cannot drop if they have a big suppot like Chaincoin ;D Title: Re: Why Bitcoin cannot drop in price Post by: shodiqtercinta on September 04, 2017, 03:30:32 PM Bitcoin's price and value are designed to grow over time With the growing volume of Bitcoin transactions on a daily basis, the limited amount of Bitcoin supply, and the decreasing amount of Bitcoin printed by the system every ten minutes (especially since July 10), the price of Bitcoin will certainly continue to climb in the future.
Title: Re: Why Bitcoin cannot drop in price Post by: naidray on September 06, 2017, 10:36:49 AM Bitcoin's price and value are designed to grow over time With the growing volume of Bitcoin transactions on a daily basis, the limited amount of Bitcoin supply, and the decreasing amount of Bitcoin printed by the system every ten minutes (especially since July 10), the price of Bitcoin will certainly continue to climb in the future. I think bitcoin’s price cannot be dropped because if it happens many people will withdraw their investments, because in this world everyone invest his capital for earnings and not for losing and just holding anything without profit. The value and usability will widely effect of bitcoin if the price falls down. And it is also natural that when the demand rise the more bitcoin sells in the market the price will go up. Title: Re: Why Bitcoin cannot drop in price Post by: kevinzxz on September 06, 2017, 10:47:38 AM because bitcoin is already very popular and widely used by people, so bitcoin price is hard to go down, as more and more use it also increases the selling price of these products, just as bitcoin more and more are interested in bitcoin prices will go up rather than increasingly decreased
Title: Re: Why Bitcoin cannot drop in price Post by: Clover_Faith on September 06, 2017, 10:58:18 AM actually bitcoin can dropped in price but not totally big just little dropped because sometime my friends convert their bitcoin in to money and when they convert its good but the other day they did not expected that the price of bitcoin become higher for what they expected and they shady for that because of huge increase of bitcoin price.
Title: Re: Why Bitcoin cannot drop in price Post by: lucifochrome on September 06, 2017, 01:09:54 PM because bitcoin is first, then there are the developers who managed it carefully and more people are getting in so price will continue to rise.
Title: Re: Why Bitcoin cannot drop in price Post by: migolmigol on September 06, 2017, 01:29:53 PM Basically its all because of the increase in demand today. And the increased in demand is due to the popularity of Bitcoin now that people are being interested into it.
Title: Re: Why Bitcoin cannot drop in price Post by: reputation on September 06, 2017, 01:46:08 PM i also hope btc drop in price, then i will buy some back cause i have lost most of my btc
Title: Re: Why Bitcoin cannot drop in price Post by: Ilegendph on September 06, 2017, 01:48:37 PM Bitcoin's price and value are designed to grow over time With the growing volume of Bitcoin transactions on a daily basis, the limited amount of Bitcoin supply, and the decreasing amount of Bitcoin printed by the system every ten minutes (especially since July 10), the price of Bitcoin will certainly continue to climb in the future. I think bitcoin’s price cannot be dropped because if it happens many people will withdraw their investments, because in this world everyone invest his capital for earnings and not for losing and just holding anything without profit. The value and usability will widely effect of bitcoin if the price falls down. And it is also natural that when the demand rise the more bitcoin sells in the market the price will go up. Title: Re: Why Bitcoin cannot drop in price Post by: andaresta on September 06, 2017, 01:53:15 PM many use bitcoin to earn a huge income, because they think bitcoin will not go down in price.
Title: Re: Why Bitcoin cannot drop in price Post by: Hasbro27 on September 06, 2017, 02:06:31 PM I think bitcoin prices have not decreased because there are still many buy bitcoins, bitcoin prices depend on demand in the market, bitcoin prices could rise if more sell bitcoin than those who buy bitcoin
Title: Re: Why Bitcoin cannot drop in price Post by: Gambit987 on September 06, 2017, 02:33:40 PM I saw a video that the price of the bitcoin will not drop because there are only 21million of bitcoin that can be earn or can be mine so that demand is increasing . There are only 6million left to mine . The demand of bitcoin is increasing, there is also so many investor who are investing in bitcoin that they believe that the price of the bitcoin will not drop .
Title: Re: Why Bitcoin cannot drop in price Post by: nuela on September 06, 2017, 02:49:33 PM bitcoin will go down in price for the whole time, but do not worry because bitcoin will soon rise in price because it's commonplace.
Title: Re: Why Bitcoin cannot drop in price Post by: iamalobster on September 06, 2017, 03:14:44 PM The high level of demand for bitcoin may not last forever. Why invest money in something than you don't use and that has no capitalization. If you will not develop trade with bitcoin we may be witnessing the collapse of bitcoin. Totally agree with you. The value of currency remains intact/better, the more its in circulation the better it is valued. |