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Title: Bear market? Will NEVER HAPPEN because of increasing # of unretrievable bitcoin Post by: Tyr808 on July 03, 2018, 01:17:44 PM Following this thread.. https://bitcointalk.org/index.php?topic=4545260.0
Here's reason number 2 of why an actual prolongued bear market for bitcoin is highly unlikely to happen: The number of unretrievable lost bitcoin is growing every second and the trend is never going to stop. People die every day, private keys get lost, dust amounts evaporates each transaction.. all of this compounds every moment and right now approximately 17-23% of the total bitcoin supply, according to Chainalysis, are irremediably forever lost. Bitcoin has been around since not even 10 years and already 20% of it is gone, therefore I do not see a mathematical possibility for a prolongued decrease of the price from the current 6500$/btc. --- 28.5% gone according to this article https://www.ccn.com/6-million-bitcoin-is-lost-or-stolen-should-the-real-value-of-btc-higher/ Title: Re: Bear market? Will NEVER HAPPEN because of increasing # of unretrievable bitcoin Post by: bitebits on July 03, 2018, 04:09:43 PM There still needs to be demand.
Title: Re: Bear market? Will NEVER HAPPEN because of increasing # of unretrievable bitcoin Post by: gentlemand on July 03, 2018, 04:27:20 PM Maybe 0.1% of all coins are on exchanges? maybe far less. The vast majority are sat there doing nothing. Exchanges are so thinly traded the price could go down to 10 bucks in a few minutes if a few thousand coins were sold.
Overall supply is absolutely irrelevant. Title: Re: Bear market? Will NEVER HAPPEN because of increasing # of unretrievable bitcoin Post by: Tyr808 on July 03, 2018, 04:34:21 PM Maybe 0.1% of all coins are on exchanges? maybe far less. The vast majority are sat there doing nothing. Exchanges are so thinly traded the price could go down to 10 bucks in a few minutes if a few thousand coins were sold. Overall supply is absolutely irrelevant. Wrong. With a circulating supply of 17m, price of 10$ would make the total market cap 170m. Eos alone raised 25 times that. Current supports and resistances are DYNAMIC indicators only and should be interpreted as such, never as static ones like you do. Title: Re: Bear market? Will NEVER HAPPEN because of increasing # of unretrievable bitcoin Post by: gentlemand on July 03, 2018, 04:37:40 PM With a circulating supply of 17m, price of 10$ would make the total market cap 170m. So? The market cap is set by a tiny number of coins. The coins not for sale have no effect on price and there are millions more of them. They count for nothing. Market cap is largely bollocks and totally decided by a handful of sales on exchanges. One decent sized sale of $1 million worth of BTC can easily knock 1 or 2 billion or more off the market cap in one go. Title: Re: Bear market? Will NEVER HAPPEN because of increasing # of unretrievable bitcoin Post by: XinXan on July 03, 2018, 04:41:39 PM There still needs to be demand. Exactly, this ''argument'' is absolutely wrong. ''The number of unretrievable lost bitcoin is growing every second and the trend is never going to stop.'' That has always been the case and yet we had 2-3 years of bear market not long ago. DASH has less supply than bitcoin and yet it's not worth more. Any bad news, like making bitcoin illegal somewhere or tough regulations will prolong this bear market for years easily. Title: Re: Bear market? Will NEVER HAPPEN because of increasing # of unretrievable bitcoin Post by: pereira4 on July 03, 2018, 04:45:25 PM It's a mixture of the total supply, available supply, actual circulating coins, demand... everything matters.
The amount of bitcoins in actual circulation seems to be tiny. This shows the #1 use for bitcoin is to hold it basically. There's no economic activity or much of it in bitcoin... no one wants to spend money that goes up in value. Maybe when it replaces fiat currencies and a single BTC is worth a massive fortune, we will have viable economic activity because the price will be stabilized and it will be worth moving coins around in exchange of goods and services more often. Title: Re: Bear market? Will NEVER HAPPEN because of increasing # of unretrievable bitcoin Post by: Tyr808 on July 03, 2018, 04:51:50 PM I hear you, but my point is: how long you think that would last?
My impression is that you look at books' intrinsics as static rather than dynamics. Title: Re: Bear market? Will NEVER HAPPEN because of increasing # of unretrievable bitcoin Post by: Tyr808 on July 03, 2018, 04:55:11 PM There still needs to be demand. Exactly, this ''argument'' is absolutely wrong. ''The number of unretrievable lost bitcoin is growing every second and the trend is never going to stop.'' That has always been the case and yet we had 2-3 years of bear market not long ago. DASH has less supply than bitcoin and yet it's not worth more. Any bad news, like making bitcoin illegal somewhere or tough regulations will prolong this bear market for years easily. Demand. Here it helps to see it as a relative rather than absolute factor. For example, I utterly dislike facebook. But it couldn't drop 99% of its value because even I myself would buy the heck out of it once it's dropped 98%, i.e. I would become the demand in that case.. Title: Re: Bear market? Will NEVER HAPPEN because of increasing # of unretrievable bitcoin Post by: Gaaara on July 03, 2018, 05:22:50 PM Maybe 0.1% of all coins are on exchanges? maybe far less. The vast majority are sat there doing nothing. Exchanges are so thinly traded the price could go down to 10 bucks in a few minutes if a few thousand coins were sold. Overall supply is absolutely irrelevant. Supply is relevant, for what I can see there are more investors to choose a limited supply over a unlimited supply. If you study economy you will understand that demand is necessary but of course needs to consider its scarcity if the supply will be less and there are more people to use it here would be an increase of value same as the necessity in the market. Title: Re: Bear market? Will NEVER HAPPEN because of increasing # of unretrievable bitcoin Post by: XinXan on July 03, 2018, 08:26:10 PM There still needs to be demand. Exactly, this ''argument'' is absolutely wrong. ''The number of unretrievable lost bitcoin is growing every second and the trend is never going to stop.'' That has always been the case and yet we had 2-3 years of bear market not long ago. DASH has less supply than bitcoin and yet it's not worth more. Any bad news, like making bitcoin illegal somewhere or tough regulations will prolong this bear market for years easily. Demand. Here it helps to see it as a relative rather than absolute factor. For example, I utterly dislike facebook. But it couldn't drop 99% of its value because even I myself would buy the heck out of it once it's dropped 98%, i.e. I would become the demand in that case.. Well if something drops 98% you would be a fool to buy that. In this case I don't think demand is relative since bitcoin does not have any application whatsoever, it's not like gold where you can use it to create stuff. Title: Re: Bear market? Will NEVER HAPPEN because of increasing # of unretrievable bitcoin Post by: exstasie on July 03, 2018, 08:41:08 PM Maybe 0.1% of all coins are on exchanges? maybe far less. The vast majority are sat there doing nothing. Exchanges are so thinly traded the price could go down to 10 bucks in a few minutes if a few thousand coins were sold. Overall supply is absolutely irrelevant. Price could wick down there, sure. But there's no logical reason to assume it'll stay there. Likely to be a fat-fingered sell on one exchange. (Anyone remember the BTC-e flash crash to $102 in 2014?) You're right that liquidity is low, but that works in both directions. The immensely shallow supply on exchanges is largely what allows price so high during the bubbles. Title: Re: Bear market? Will NEVER HAPPEN because of increasing # of unretrievable bitcoin Post by: Tyr808 on July 04, 2018, 01:12:19 AM Maybe 0.1% of all coins are on exchanges? maybe far less. The vast majority are sat there doing nothing. Exchanges are so thinly traded the price could go down to 10 bucks in a few minutes if a few thousand coins were sold. Overall supply is absolutely irrelevant. Price could wick down there, sure. But there's no logical reason to assume it'll stay there. Likely to be a fat-fingered sell on one exchange. (Anyone remember the BTC-e flash crash to $102 in 2014?) You're right that liquidity is low, but that works in both directions. The immensely shallow supply on exchanges is largely what allows price so high during the bubbles. Exactly this. Title: Re: Bear market? Will NEVER HAPPEN because of increasing # of unretrievable bitcoin Post by: Tyr808 on July 04, 2018, 01:14:00 AM There still needs to be demand. Exactly, this ''argument'' is absolutely wrong. ''The number of unretrievable lost bitcoin is growing every second and the trend is never going to stop.'' That has always been the case and yet we had 2-3 years of bear market not long ago. DASH has less supply than bitcoin and yet it's not worth more. Any bad news, like making bitcoin illegal somewhere or tough regulations will prolong this bear market for years easily. Demand. Here it helps to see it as a relative rather than absolute factor. For example, I utterly dislike facebook. But it couldn't drop 99% of its value because even I myself would buy the heck out of it once it's dropped 98%, i.e. I would become the demand in that case.. Well if something drops 98% you would be a fool to buy that. In this case I don't think demand is relative since bitcoin does not have any application whatsoever, it's not like gold where you can use it to create stuff. Industrial use of gold is minimal and is a highly irrelevant determinant for its price. Title: Re: Bear market? Will NEVER HAPPEN because of increasing # of unretrievable bitcoin Post by: Tyr808 on July 04, 2018, 01:17:35 AM Maybe 0.1% of all coins are on exchanges? maybe far less. The vast majority are sat there doing nothing. Exchanges are so thinly traded the price could go down to 10 bucks in a few minutes if a few thousand coins were sold. Overall supply is absolutely irrelevant. Supply is relevant, for what I can see there are more investors to choose a limited supply over a unlimited supply. If you study economy you will understand that demand is necessary but of course needs to consider its scarcity if the supply will be less and there are more people to use it here would be an increase of value same as the necessity in the market. Correct. What Gentlemand fails to understand is that books' supports and resistances are just highly dynamic factors which adapt to market conditions, rather than determine them. Title: Re: Bear market? Will NEVER HAPPEN because of increasing # of unretrievable bitcoin Post by: gabmen on July 04, 2018, 04:54:59 AM Lol. Half a year in the bear market is for me, quite prolonged already. People still need to buy bitcoins to push the price up and at the moment, i don't see a lot of peoole eager to get in yet.
Title: Re: Bear market? Will NEVER HAPPEN because of increasing # of unretrievable bitcoin Post by: Herbert2020 on July 04, 2018, 05:19:01 AM you got a couple of things wrong.
1. the bear market happens and will happen in the future also. it happens in every market out there not just bitcoin. 2. a long bear market as some people love to see is most probably not going to happen this time but i disagree with your reasoning. it doesn't have anything to do with the supply it is mostly the demand and since the market is now a lot bigger than before and also because the demand is increasing faster the bear market can be a lot shorter too. 3. there is no way of telling the number of lost bitcoins. it may be 0.1% or it may be 20% or higher. it is all a guess. and again the important thing is the demand. and speaking of demand and guesses, the analysts say less than 0.1% of the world population is involved with bitcoin. that means we still have a LONG way to go. Title: Re: Bear market? Will NEVER HAPPEN because of increasing # of unretrievable bitcoin Post by: Tyr808 on July 04, 2018, 07:15:56 AM And again, "legendary" users who think supply is irrelevant.
Title: Re: Bear market? Will NEVER HAPPEN because of increasing # of unretrievable bitcoin Post by: Pursuer on July 04, 2018, 07:24:47 AM supply is not irrelevant at all but it is irrelevant when you ignore everything else and only focus 100% on supply and nothing else.
we can have bear markets if bitcoin supply was 21,000,000 and price per 1BTC was $10,000,000. we can also have a bear market if bitcoin supply was 1,000,000 and price of it was $10,000,000 or we can have bear market if bitcoin supply was 1,000,000 and price of it was $6000 the only difference with a lower supply is that the price will go higher with the same demand. for example if nothing were lost bitcoin price could go up to $1 million but if (as you said) 20% is lost then price can go up t to $1.2 million for example. but that still doesn't mean "bear market will never happen". we will reach $1.2 million and then have a bear market where price comes down drastically and reaches $700k Title: Re: Bear market? Will NEVER HAPPEN because of increasing # of unretrievable bitcoin Post by: Tyr808 on July 04, 2018, 07:41:50 AM the only difference with a lower supply is that the price will go higher with the same demand. for example if nothing were lost bitcoin price could go up to $1 million but if (as you said) 20% is lost then price can go up t to $1.2 million for example. but that still doesn't mean "bear market will never happen". we will reach $1.2 million and then have a bear market where price comes down drastically and reaches $700k 20% less supply = price will raise 20% more than it normally wouldYou are right with this, however you also have to add the fact that due to the amount of lost bitcoins growing and growing, such 20% and related price multiplier will grow every day. Thus my conclusion, purposedly extreme, that a prolongued (e.g. gold and silver) bear market from the current state (6k$ per btc) won't happen. Title: Re: Bear market? Will NEVER HAPPEN because of increasing # of unretrievable bitcoin Post by: Tyr808 on July 04, 2018, 07:44:22 AM we can have bear market if bitcoin supply was 1,000,000 and price of it was $6000 Nope. 6b$ total market cap for bitcoin is not possible. EOS alone raised such amount. Title: Re: Bear market? Will NEVER HAPPEN because of increasing # of unretrievable bitcoin Post by: _CryptoBrain on July 04, 2018, 07:54:03 AM Everything depends on demand, not on coin emission. If people do not want to own bitcoins and buy them, then the rate on the crypto currency will not grow, even if there is 1 coin left.
Title: Re: Bear market? Will NEVER HAPPEN because of increasing # of unretrievable bitcoin Post by: XinXan on July 04, 2018, 12:49:51 PM There still needs to be demand. Exactly, this ''argument'' is absolutely wrong. ''The number of unretrievable lost bitcoin is growing every second and the trend is never going to stop.'' That has always been the case and yet we had 2-3 years of bear market not long ago. DASH has less supply than bitcoin and yet it's not worth more. Any bad news, like making bitcoin illegal somewhere or tough regulations will prolong this bear market for years easily. Demand. Here it helps to see it as a relative rather than absolute factor. For example, I utterly dislike facebook. But it couldn't drop 99% of its value because even I myself would buy the heck out of it once it's dropped 98%, i.e. I would become the demand in that case.. Well if something drops 98% you would be a fool to buy that. In this case I don't think demand is relative since bitcoin does not have any application whatsoever, it's not like gold where you can use it to create stuff. Industrial use of gold is minimal and is a highly irrelevant determinant for its price. Ok give me 1 other factor a part from demand then. Bitcoin works purely on demand, it's not a currency, it will never be, people call it the digital gold because that's what it is. I don't see any other factor influencing bitcoin other than demand. It's not like you can do anything with it. Title: Re: Bear market? Will NEVER HAPPEN because of increasing # of unretrievable bitcoin Post by: dothebeats on July 04, 2018, 03:05:10 PM Diminishing supply alone doesn't strongly negate the effects of a bear market. Do note that selling pressure is constant during a bear market and little to no demand is present during these times. For it to work, someone must constantly buy in order to balance out anything, but no, no one wants to lose and no one wants to risk everything on uncertainty, except for the market movers who surely are accumulating during this phase. A bear market is always likely to happen since it only takes a few hundred thousand coins to be dumped all at once to cause a crash, and the rest is history.
Title: Re: Bear market? Will NEVER HAPPEN because of increasing # of unretrievable bitcoin Post by: Tyr808 on July 05, 2018, 04:48:29 AM This new article estimates 6 million btc permanently lost, or 30% of current total supply.
https://www.ccn.com/6-million-bitcoin-is-lost-or-stolen-should-the-real-value-of-btc-higher/ Title: Re: Bear market? Will NEVER HAPPEN because of increasing # of unretrievable bitcoin Post by: XinXan on July 06, 2018, 10:31:41 AM This new article estimates 6 million btc permanently lost, or 30% of current total supply. https://www.ccn.com/6-million-bitcoin-is-lost-or-stolen-should-the-real-value-of-btc-higher/ That's cool but it doesn't matter. Any other coin with less supply should be worth more then using your argument. Bitcoin still needs to have value somehow, otherwise it doesn't matter even if the supply is only 1 million. Who is going to buy if everyone thinks bitcoin is worthless? Title: Re: Bear market? Will NEVER HAPPEN because of increasing # of unretrievable bitcoin Post by: BitcoinNewbie15 on July 06, 2018, 04:59:35 PM This new article estimates 6 million btc permanently lost, or 30% of current total supply. https://www.ccn.com/6-million-bitcoin-is-lost-or-stolen-should-the-real-value-of-btc-higher/ That's cool but it doesn't matter. Any other coin with less supply should be worth more then using your argument. Bitcoin still needs to have value somehow, otherwise it doesn't matter even if the supply is only 1 million. Who is going to buy if everyone thinks bitcoin is worthless? This is exactly right. Supply doesn't matter really, the only thing that does is the growth of the network, and in turn an increase in demand. Demand has to supersede the current supply to fuel another bull run. The only way I can see demand increasing is an ETF, or other people finally entering the crypto market for whatever reason... Title: Re: Bear market? Will NEVER HAPPEN because of increasing # of unretrievable bitcoin Post by: arpon11 on July 06, 2018, 05:22:44 PM This is truth, however I have never think it in this way. Bitcoin has been around for just 10 year and the unrecoverable lost is high as this. I think the bull will continue to run the show as the supplies is going to decrease in no time. Most of the early miners has lost their private keys to some wallets including me.
Title: Re: Bear market? Will NEVER HAPPEN because of increasing # of unretrievable bitcoin Post by: Tyr808 on July 06, 2018, 06:11:10 PM You knuckleheads still don't get that the supply gets lower and lower as we speak.
Title: Re: Bear market? Will NEVER HAPPEN because of increasing # of unretrievable bitcoin Post by: Mind Control on July 06, 2018, 07:02:59 PM You knuckleheads still don't get that the supply gets lower and lower as we speak. We get that but you are focusing too much on supply even though demand also plays a crucial part in this market. Supply alone is irrelevant. What is the sense of being scarce when no one wants to buy? Please accept the fact that supply and demand comes in set. You can think of this as the Yin and Yang. Title: Re: Bear market? Will NEVER HAPPEN because of increasing # of unretrievable bitcoin Post by: XinXan on July 06, 2018, 07:53:37 PM You knuckleheads still don't get that the supply gets lower and lower as we speak. Lower just like people interest in bitcoin. You knucklehead are not reading what we are telling you. Although supply is important it is not the ultimate factor. Besides there is going to be a limit on how much a bitcoin can be worth. People saying bitcoin 1 million dollars are delusional. Title: Re: Bear market? Will NEVER HAPPEN because of increasing # of unretrievable bitcoin Post by: richardsNY on July 06, 2018, 08:06:15 PM Besides there is going to be a limit on how much a bitcoin can be worth. People saying bitcoin 1 million dollars are delusional. I don't consider them to be delusional. The only limit to Bitcoin's value is that it can't ever be worth more than all the fiat in circulation. Realistically, there won't ever be a time where that happens, but that's basically the only limit. On top of that, what if Bitcoin was worth $1 right now and someone tells you that in the future Bitcoin will be worth close to $20,000, and more precisely, within 10 years? I'm sure you would consider that person delusional as well. It's impossible to discard certain scenarios when it comes to Bitcoin as tiny dot in the financial world. A thing called Bitcoin has grown from nothing to something -- why can't it grow from something to a developed asset? Title: Re: Bear market? Will NEVER HAPPEN because of increasing # of unretrievable bitcoin Post by: figmentofmyass on July 06, 2018, 10:48:21 PM You knuckleheads still don't get that the supply gets lower and lower as we speak. Lower just like people interest in bitcoin. You knucklehead are not reading what we are telling you. Although supply is important it is not the ultimate factor. Besides there is going to be a limit on how much a bitcoin can be worth. take a look at the charts in 2011 or 2014. interest plummeted along with price. everyone thought bitcoin was dead. and then......another bubble happened. rinse, repeat. People saying bitcoin 1 million dollars are delusional. you may turn out correct---maybe the hype will die and crypto won't go mainstream. that's certainly possible. but it all boils down to supply and demand. and if bitcoin continues on this path (traditional investment asset, regulated institutional markets, mainstream adoption), then $1 million price tag actually sounds quite low. you know there will only ever be 21 million coins, right? bitcoin just needs to take a small slice of gold's market (let alone others) to achieve that. Title: Re: Bear market? Will NEVER HAPPEN because of increasing # of unretrievable bitcoin Post by: rickadone on July 07, 2018, 11:38:17 AM There still needs to be demand. Yes, by demand we are talking a real demand here and not just some speculative and FOMO driven demand which may or will end up not being sustainable. Although, a lot of things have changed though when it comes to awareness, people getting to see the real pictures compared to past years, but at the same time, this market is more speculative in nature than we can get to see real life usage yet, so the number of irretrievable coin as the OP mentioned is inapposite in this equation since most of the data we see anyway is exchange based.Title: Re: Bear market? Will NEVER HAPPEN because of increasing # of unretrievable bitcoin Post by: BitcoinNewbie15 on July 07, 2018, 04:30:15 PM You knuckleheads still don't get that the supply gets lower and lower as we speak. Yes, supply is getting lower we get that. If demand stays the same then the price will go up. That's econ 101. We are saying demand has to stay the same or increase for an increase in price. Demand is what comes first, not the supply. As others have said, you could have a coin with only 1 million supply, but that doesn't mean it will be worth anything. There has to be a demand for those one million coins. The demand for Bitcoin, however, has substantially decreased since December of 2017. If the demand keeps dropping then the price will too, therefore making the supply irrelevant because no one is fighting over buying coins. If the demand for Bitcoin keeps increasing and the supply keeps dropping then this will be good for Bitcoin. However, there is currently no reason for the demand for Bitcoin to increase. Title: Re: Bear market? Will NEVER HAPPEN because of increasing # of unretrievable bitcoin Post by: The_Dark_Knight on July 08, 2018, 03:07:23 AM Following this thread.. https://bitcointalk.org/index.php?topic=4545260.0 As Keynes once said “The market can remain irrational longer than you can remain solvent” even if you are correct in your analysis that does not means that the bear market is going to be short because of it, right now the market is very fearful and we know that the two most important motivators of the market are fear and greed and most people are not greedy they are fearful and selling as a result.Here's reason number 2 of why an actual prolongued bear market for bitcoin is highly unlikely to happen: The number of unretrievable lost bitcoin is growing every second and the trend is never going to stop. People die every day, private keys get lost, dust amounts evaporates each transaction.. all of this compounds every moment and right now approximately 17-23% of the total bitcoin supply, according to Chainalysis, are irremediably forever lost. Bitcoin has been around since not even 10 years and already 20% of it is gone, therefore I do not see a mathematical possibility for a prolongued decrease of the price from the current 6500$/btc. --- 28.5% gone according to this article https://www.ccn.com/6-million-bitcoin-is-lost-or-stolen-should-the-real-value-of-btc-higher/ Title: Re: Bear market? Will NEVER HAPPEN because of increasing # of unretrievable bitcoin Post by: crzy on July 08, 2018, 05:14:06 AM Everything depends on demand, not on coin emission. If people do not want to own bitcoins and buy them, then the rate on the crypto currency will not grow, even if there is 1 coin left. Exactly, the supply is decreasing but of course if there is no demand the value will still remain no matter how much the supply is. I can actually say that we are already in the bear market, TA will prove that. The downtrend is already a bearish and that's how traders see about the market. Title: Re: Bear market? Will NEVER HAPPEN because of increasing # of unretrievable bitcoin Post by: el kaka22 on July 08, 2018, 07:10:56 AM we can have bear market if bitcoin supply was 1,000,000 and price of it was $6000 Nope. 6b$ total market cap for bitcoin is not possible. EOS alone raised such amount. Since most of the movement and manipulation happens on exchanges, and it is not like all the circulating supply is totally reflected with the movement of the price based on the volume on exchanges, one may actually want to assume supply is irrelevant but this is an argument that we will all have different perspective to, but with the way things have been, the quick dump of even little volume affecting the prices quickly, anything is possible. Title: Re: Bear market? Will NEVER HAPPEN because of increasing # of unretrievable bitcoin Post by: Febo on July 08, 2018, 05:30:09 PM Bear market? Will NEVER HAPPEN because of increasing # of unretrievable bitcoin Following this thread.. https://bitcointalk.org/index.php?topic=4545260.0 Here's reason number 2 of why an actual prolongued bear market for bitcoin is highly unlikely to happen: The number of unretrievable lost bitcoin is growing every second and the trend is never going to stop. People die every day, private keys get lost, dust amounts evaporates each transaction.. all of this compounds every moment and right now approximately 17-23% of the total bitcoin supply, according to Chainalysis, are irremediably forever lost. Bitcoin has been around since not even 10 years and already 20% of it is gone, therefore I do not see a mathematical possibility for a prolongued decrease of the price from the current 6500$/btc. --- 28.5% gone according to this article https://www.ccn.com/6-million-bitcoin-is-lost-or-stolen-should-the-real-value-of-btc-higher/ We are in Bear market for over 8 months. Price decreased most already. It cant go that much lower. And also time when we will reach bottom should be quite close to many predictions ( there are few that believe it will happen only mid next year). But that is it. You cant now say that bear market will not happen if it just did. What you can do is to call when bottom will happen and when recovery will start. Title: Re: Bear market? Will NEVER HAPPEN because of increasing # of unretrievable bitcoin Post by: Tyr808 on July 09, 2018, 01:44:01 AM Indeed I used the world "prolongued" but looks like 90% of people in this board are pajeets who can't speak the freaking English language.
Title: Re: Bear market? Will NEVER HAPPEN because of increasing # of unretrievable bitcoin Post by: Herbert2020 on July 09, 2018, 05:18:17 AM You knuckleheads still don't get that the supply gets lower and lower as we speak. every day about 1800 new bitcoins are being created. so unless you mean to tell us that every day also at least 1800+1 bitcoin is lost, the supply is increasing! ;) Indeed I used the world "prolong your title says "bear market will never happen" not a "prolonged bear ....". also as far as i remember you define bear market as a "3 year correction of price" so according to your prediction a prolonged bear market must be 10 years! you can't really blame others for not understanding what you yourself are confused about... a bear market, which is a prolongued (3 years +) correction of crypto prices, Title: Re: Bear market? Will NEVER HAPPEN because of increasing # of unretrievable bitcoin Post by: Rahar02 on July 19, 2018, 06:24:45 AM Indeed I used the world "prolong your title says "bear market will never happen" not a "prolonged bear ....". also as far as i remember you define bear market as a "3 year correction of price" so according to your prediction a prolonged bear market must be 10 years! you can't really blame others for not understanding what you yourself are confused about... a bear market, which is a prolongued (3 years +) correction of crypto prices, Nah, that's the thing as the title mentioned "Bear market WILL NEVER HAPPEN". But the main point about prolonged bear market and the correlation with limited supply of bitcoin which continues to decrease. Yes, the bear market won't last forever and we can't judge how long it will based on what happened in the past due to the market interest constantly changing over time. Maybe it was 3+ years correction a few years ago, but it won't happen these day, let's see what will happen by the end of the year and towards halving year. Nevertheless, aside from the factor of retrievable bitcoin, "acceptance" play an important role that affects the price instantly. |