Bitcoin Forum

Since ages, people keep debating - will BTC pump? Will it go to the moon? Will it drop?

I'm asking myself what's the purpose of these questions? BTC wasn't created to compete with the value of USD or other fiat currencies, but to replace them completely. Therefore, if people would just think prices for various stuff in BTC, instead of calculating them in the BTC value compared to USD, all these questions would be irrelevant.

Think just that 1BTC is equal to 1BTC, not to its value in USD. Take as an example what happens in this forum with the price of VIP account: it was 50BTC since the beginning and it remained 50BTC, no matter the value of BTC in USD. Because the price was calculated in BTC and not in USD.

And even if we would think about the value of BTC in USD: it is 8000 times more valuable than USD!!! It is world's most valuable currency! It actually crushed the USD! So why does it matter if it is 8000USD or 1000USD? Even if it was 1000USD, it would mean it is 1000 times more valuable than the dollar, right? Even if BTC was valued at 2$, it would be twice as valuable compared to USD which is world's most important fiat currency.

I get what you mean, but tell that to a store owner. BTC a store owner accepted could be worth less(or more, of course) tomorrow, hence potentially losing money on their sales. "But 1 BTC =1 BTC!", well, most store owners and other merchants of whatever industry don't really care. We can also say 1 Venezuelan Bolivar = 1 Venezuelan Bolivar, but that 1 Bolivar is worth a lot less today compared to years ago, and pretty much has little to no buying power now.

Doesn't work that way. You need to take total supply into account; BTC is only capped at only 21 million, hence obviously it will be priced higher than $1, but it doesn't make it more "valuable" than the USD.

I hate that term "pump" when it's applied to bitcoin, and I want to pull my hair out every time I see someone writing it in a post, which is quite often.  It has its origins in the phrase pump and dump, which isn't applicable to bitcoin and I don't think many people even think about that fact.

Anyway, bitcoin is primarily an investment even if you think it's a currency that was designed to replace fiat (which I'm not sure is actually the case, OP).  That being the case, it's only natural that people are going to focus on how much it's worth in terms of fiat--which it isn't even close to replacing.  And even if it was used far more as a currency, its fiat value indicates its purchasing power so people would still be focused on bitcoin's price in terms of fiat.  The only thing that would change that is if items were priced in terms of bitcoin.  So far that hasn't happened, and even when things are priced in bitcoin, that price is usually always fluctuating because bitcoin's value (relative to fiat) is always fluctuating.

And me?  I'm happy with bitcoin being an investment more so than a currency, and it makes perfect sense that its fiat value is extremely important.

I'm pretty certain that even the most hardcore OG's are trading Bitcoin back and forth in order to accumulate more Bitcoin in the long run. How can they not? Bitcoin's market is so repetitive that it is a wasted opportunity to not do something with the boom and bust cycles. You know it does those crazy bull runs, and you know it does those crazy bear markets.

1BTC=1BTC is kinda irrelevant at this point. Every asset in the world falls under the umbrella of the US Dollar, so people will use that currency to benchmark Bitcoin against.

For now, the value of BTC matters and will be widely talked about since the world has a unit of monetary conversion which makes it easy to peg the prices of goods and services across nations and in this regards, the USD is the world reserve currency so a reference is taken from the USD and other major currency of the world. For now, the world government is yet to officially accept BTC as a legal tender, so it just can't be pegged against our everyday transactions. This is why it's still been pegged to the existing financial system.

People don't have too much options to buy products using bitcoin. They need to convert it to the fiat money to do so. So it is obvious that they are concerned about the BTC value.  If the daily life products will be available in terms of BTC values then people will not concern as much as they do now.

Another thing is most of the people see the bitcoin as an investment rather than a technology. So they don't think that they are using new technology but they think they have invested and their investment should grow in value so that they can make profit out of it.

Bitcoin only came to existence a decade ago and as far as I remember people have been asking these price related questions a lot after 2017. As many invested in it at those price levels and some are still stuck.

There is nothing wrong in questioning about price if you are investing money into the product.

Purpose of Bitcoin was different but it's existence is because of its price, therefore there is nothing wrong in asking price related questions.

But do you think that at this point already, Bitcoin can replace fiat currency?? And also about the value of Bitcoin being compared to usd is just normal. Most of other currency are also being compared to usd. Just like in my country, the exchange between the value of PHP to USD does matter to the country. They always tell it in the news, and it's just the same with bitcoin's value. And Bitcoin is volatile so we always have to monitor it's price movement by comparing it to other currency like fiat.

This thing called valuable was truly amazing, and this has been very controversial on different forums aside from bitcointalk. People do't want to dig deeper on how bitcoin is going to increase at any predictions. What they're about to see was the effect of the hype and other possible factors that will affect the growth of increasing value of bitcoin. Indeed, it was more profitable than USD and it's the reason Government was seriously regulating the usage of bitcoin through legit purpose; limiting people on investments like ICO or the latest one which is an IEO.

The price of Bitcoin has been discussed or, if you prefer, debated over the years, ever since it has got one. And the price of Bitcoin was basically based on USD. Even before Bitcoin got the $1 value, the price is already a topic. I guess the price of Bitcoin is very much a big deal to many because it is more or less an objective way to gauge how much Bitcoin is growing in terms of demand or how valuable it is to the people. And the fact that Bitcoin is being publicly traded, there has to be a certain importance attached to its price.

Another reason why the price of Bitcoin is a big deal is probably the fact that the USD is still the king of the currencies and the highest in demand. As much as we hate it, we want it. As much as we want it replaced, we still want to become richer in terms of it. And so it is even hypocritical to say that it does not matter whether the price of Bitcoin is $5,000 or $20,000 because 1BTC is always 1BTC. We always know what $20,000 can do to our lives. We are not living outside the real world where the real stuff does not matter. We want to buy a house, a car, earn a college degree, create a good life for our family, take a nice vacation every once in a while, and so forth. If Bitcoin will fall to $100, everything will change.    

I also wish there is no need to convert BTC to USD but it will never happen because every materials in this planet have an equivalent value in USD.  And Bitcoin is one of them.  It would be easy if shops will accept Bitcoin directly and items are priced in BTC independent from its USD value but alas, it does not work that way. 

Well, even if we are dealing with cryptocurrency, we are still living in the real world where existing traditional infrastructures and platforms are doing their jobs everyday. All world currencies have their value equivalent in other currencies, without exceptions. No exception can be made for Bitcoin because without its equivalent value it would be hard to use it as a currency.  Just put yourself on the side of the merchant, how would you price your items for sale if there will be no equivalent value of Bitcoin? Are we then returning back to the barter stage, for that matter? No, that would be impossible. And just because we are getting the USD equivalent of Bitcoin does not mean that it is actually tied to the dollar. Bitcoin is not yet a mainstream and prime currency, sad to say that.

If you just look at this forum, most still think about how the price will one day jump high enough to make them rich. In the end, it all comes down to money and profit, Bitcoin is no exception, no matter what idea Satoshi Nakamoto had when creating it. I do not think it is realistic for BTC to replace the fiat completely, at least not in the near future. It is not only a technical matter, but it is also a human habit to leave most of the decisions in their lives to others, and in the case of finance, we are accustomed to having banks play a leading role.

Talking to people about owning BTC means being your own bank does not fall to fertile ground, because very few people want to take on that responsibility. Swimming downstream is always a lot easier than fighting the power of the river and swimming upstream.

Without the factor of value in the whole story hardly BTC would be interesting to people. It is true that 1 BTC is always 1 BTC, but it is impossible for people to get out of their heads the value of that 1 BTC. I've been tracking BTC since it was less than $200, and I can't escape the fact that it's worth 40 times more today.

It's more of bitcoin is being treated as an investment that's why we're all seeking for the high prices which is based on USD. And that's the sole basis of the market for it to have a monetary value, it has to be converted with USD because it's the most used currency and basis of most currencies and even as gold, silver and other commodities and investments.

You have a very valid points there but the truth is that, we live in a world where the value of everything is rated with the US dollar. People always prefer to determine the value of anything in US dollar since its kinda the standard of almost currencies in the world. There is no way the value of bitcoin wouldn't be evaluated in US dollar since its a worldwide used fiat currency in this world...

Where did you get that information from? Satoshi never said that. And this makes absolute no sense in my opinion.
This is so unrealistic, almost delusional.

BTC will not replace fiat currencies completely, if it becomes an internet money, a travel money, and a reserve of value and so on it will be amazing already.

Fiat currencies and traditional payment methods (such as wire, swift, visa, etc) have lots of limitation which our generation (most of us here are millennials I guess) don't accept.

For example, if I want to buy a digital good in Amazon.com I will be charged about 10% in banking fees and taxes. This makes no sense. While if I could buy with bitcoin, it would be ok.
There are also inflation problems.

However, fiat currencies certainly have their pros, just some of them:
- Cash is 100% anonymous, more than Monero.
- You can store cash in a bag and you know that you don't need even an internet connection or battery to spend it.
- The existence of hundreds of fiat currencies than a single currency (bitcoin) is important for diversification in the world. What if someday someone finds a bug in bitcoin code, or finds a way to break down cryptography or whatever? World can't rely only in Bitcoin code.

Let's no create a fantasy that bitcoin will replace all hundreds different Fiat currencies in the world. There is space for them to coexist, and we probably need it.

Therefore if anyone wishes for cryptocurrency replacing USD as a mean of payment, such opportunity may appear only with the fall of US which cannot be replaced by any other country as a global empire.

1 BTC = 1 BTC is totally meaningless.

We live in places that have a cost, we stay alive by eating things that have a cost, we murder people over certain amounts of money.

All of those costs have to be measured and if we can't meet that cost we're screwed. If 1 BTC = 1 loaf of bread that's rather different than 1 BTC = 1 house.

Nothing concrete sets Bitcoin's value. It's the decision of the collective and that decision will change constantly due to innumerable factors. I can't see that ever changing.

Precisely. I've been reading so much of this. "Bitcoin is for x, Bitcoin is for y, etc". Well, the good news is, Bitcoin is for whatever you want to use it for! Want to use bitcoin for payments, go ahead! Want to use bitcoin as a speculative investment, sure no one's stopping you! Want to use bitcoin as a hedge for economic uncertainty? Hodl on!

Also, it really doesn't matter what Satoshi says now. Bitcoin is decentralized. No one person or entity decides what it's for and how it will transform for the future.

I think that debating about the value of Bitcoin is healthy for the community and cryptocurrency infrastructure. Bitcoins nature is very volatile and the volume is constantly within a state of influx and outflux, more than the traditional markets like stocks or Forex. I think the talking (speculation) helps add to the atmosphere and ecosystem which keeps people motivated, captivated, inspired and interested within the market. It is good that Bitcoin keeps people speculating, being that it is a supply and demand market. I would be afraid of the day that people stopped talking about the value of bitcoin as much, that's where the real trouble starts.

This is mainly because of profit, people tend to continue basing their decision to the conversion of bitcoin to dollar because it is easily could be seen if they could get profit out of it. And merely, to think of basing the BTC value only to BTC, I don't think much of adoption will take place from the start if that happens. Bitcoin will not impart interest from people because in the first place, it will not be an easy investment.

If we have a debate, we want to prove something to us beliefes or through the paper. Today one of the newest topics is all about the use of bitcoin and the usd, many people think the usd is the most profitable currency for investment, and some people think it is bitcoin, but we have a different perspective how to earn more in bitcoin. The price of the bitcoin is volatile than the fiat or the usd because even they are both affected by the supply and demand still there is a law on different country to stop holding their coins they must be invested on their banks but it is not more profitable than bitcoin because there is no limit to get your money and also like what i've said the price is volatile there is a chance that your investment in bitcoin will get profit or not.

And mostly because bitcoin is used for investment. Most of the people who ask these questions are the ones that have invested money on bitcoin that is why they are skeptic and are worried about wht will happen to bitcoin's price. It's not bad that they are asking especially if they are new but it is indeed quite sad that bitcoin is mainly used for its profitability and not how it's supposed to be used in the first place.

Probably most people are askign because they are gambling degenerates and impatient.. or they wanna make a trade based on more people's opinions, but they only learn that the best is to make your own research and make the decision based on your own thoughts. Don't delegate responsability on someone else's judgement especially if that one is not an experienced financial advisor who has to obey the fiduciary laws.

Other reason could be that they have some free time and they need something to be excited about. If a newbie pops in and say that BTC will pump soon then their hormone levels will spike up like crazy.  ;D

This is a question of every panic investors because they don’t know the current situation of the market that’s why they keep doing that. The biggest challenge for bitcoin is that, people are expecting this technology to replace fiat money when it reality it wont happen. Bitcoin should not be controlled by any government, the purpose is to get away and not for the government to control us again. The debate will never end, most of them is just a nonsense debate.

The expectation that bitcoin will replace USD may never see the light of the day, I saw CZ binance said something similar lately, am not surprise he makes mistake sometimes like that on the media. We might see cryptocurrency get more active and we could see government launching their crytpcurrency (stable not volatile), Bitcoin will remain an asset. As the king of the space proven in last 2 years even among the many altcoin, we wont stop discussing the value

As you know, shallow people talk about prices; smart people talk about value. There's a fine line between price and value that people always cross when stating why bitcoin should improve.


Except that it doesn't work that way, unfortunately--at least on our current times that is. Most merchants and consumers still look at the fiat price of anything that they want, and your 1BTC = 1BTC motto wouldn't do much to sway their decisions on your liking. We're still far from a society/economy wherein USD is overthrown, and if it was overthrown, the likes of CNY, Euro and other currencies out there might just replace it, but I doubt it'll happen sooner.


Remember that you are in a bitcoin forum where 1BTC = 1BTC mentality can and will always work. But apart from that reasoning, the reason why theymos maintained the 50BTC price for these fancy donator perks and status symbol simply because it is to preserve the integrity of that member rank. You wanna have it? Pay for the same price the ones before you paid for and you'll get it.


Yes, 8000x more valuable than the USD, but is susceptible to massive volatility and rapid price changes without any notice. That's why merchants are staying the hell away from it. Due to its insane volatility, it makes it hard for them to track profit/losses, and if they ever use a third-party service like Bitpay and the likes, their profits would be reduced even further.

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I'd also love to see an economy thriving out of bitcoin and/or other cryptocurrency but the problem is, the minds of the people are still glued to the notion that the USD is superior and the rest of the currencies are irrelevant, that's why we use USD as the standard means of exchange around the world when clearly, any currency existing currently can pretty much do the same.

90% of Bitcoin users see Bitcoin as 1) Store of value, and/or 2) Investment. This means that its value in fiat currency is actually important to 90% of people who have Bitcoin.

If you could tell me exactly where this premise is written in the Bitcoin whitepaper, I'd appreciate it because i don't quite remember reading that (it's been a while since i read the whitepaper).

Jesus christ.

They are talking about bitcoin price because some of them are traders and plus the fact that bitcoin price is really hard to predict. That is why they are trying to share every prediction that they have so that they can use it when they are going to trade. It is very important in trading for you to be able to gain profit.

trading will be much hard if you wont seek for other predictions or to your predictions   .

me myself is not a trader but i cant help my self to monitor and to talk about it via chat and on social media because i want to share what i analyzed and i want someone to be updated on what is the current happenings on bitcoin and its value  .  but that is how it goes to other currency like usd or other assets that has a value like gold  . so why quesiton it  ?

The reason being for debate on BTC is other alts are still dependent on it, like everyone knows when BTC pumps other alts follow the same, if BTC dumps other crash massively. By the way there is no any genuine experts here to say the pump and dump of any coin, crypto will get more active and people will get use to it only if there is a twist in the market 😉

Most of the time speculations were misunderstood as debate. What we see with different questions were a form of speculation. Whether this make any change in the market or not is secondary. Also the value is the one that grabs the attention of people, so value is much important. Rather than talking about price pumping of altcoins, the growth of bitcoin is much into speculation. This is all because of the growth dependence of altcoins over bitcoin.

very speculative as an asset because btc movements look similar to gold, and also speculative against currencies because the USD is the best comparison medium for btc speculators. these two things automatically become fundamental in a continuously rotating value, we cannot rule this out as a main benchmark outside its original function in actual use with all its potential.

He thinks that the people are debating about cryptocurrencies because of their different questions and answers without knowing that speculation is real different from debate. As usual this is a forum in which you have the right and power to post anything or answer any question as long as it is related to everything inside the crypto world. Evwn if you are posting questions and replies to another question it does not mean that you are debating with other members here but you are just stating your opinion and also the facts that you know about crypto world.

Firstly, because they use bitcoin as an investment tool, they store their assets there that's why they debate so much about the price. On the other hand, we can't deny that Bitcoin will always be compared to other currencies, people will always see the value of bitcoin in their currency. I think this is normal, similar to gold people will still see the price of 100 grams of gold in their own currency.

I agree with what the OP said. I mean bitcoin shouldn't be compared to USD because it's another type of currency and it's a virtual one. but when it comes to market, we have to compare that like every stuffs in the world got their prices to buy or sell, so people will think about bitcoin's price again and compare it to any other type of currency depending in which country they're living in it.

I understand your point, but it's normal to always think about prices, because we can't live entire based on BTC, at least for now
Your investments are probably from money that you earned in a regular job, receiving in fiat
You need fiat money to buy food, house, gas etc, so it's all based on fiat money, this is simple and this is the reason we always think about price

Many people only discussing about bitcoin when price is growing up, every day in social media platform like twitter and Facebook always have some one prediction with bitcoin back above $10k or higher price during bitcoin on the top price, but when bitcoin have down where are they, what happen with their prediction about bitcoin price and why back with lower.

therefore everyone's views differ, speculation and the way we look at other people's speculations must be different.
This forum is indeed a place where people gather with it certainly will happen, and I think it is still normal to happen in this place because everyone will not be the same in his thinking.

Well, that is because they want a change, and what I mean by that is they want to compare its price every time to remind themselves that they could get back the profits they lost, which technically they didn't lost, it's just the price went down so the value of bitcoin in fiat changes, that is the thing that most of us should put in our head, because even if it dumps or pumps, 1 bitcoin will be 1 bitcoin. I would understand why the most of us here debates about it if you hold 1 bitcoin in your wallet then suddenly it became 0.95 when the price decrease, but it doesn't.

Being optimistic towards BTC isn't bad but haven't you consider on the entire supply of BTC for you to talk about replacing USD? Hence,
this was created for solely on having a p2p transaction without 3rd party intervention and it isn't even expected for this innovation to grow up this big
when it comes to support and popularity.People do keep on debating about btc value due to its market unpredictability and come to think
on what if btc separated into its usd value? where it should tagged up?

Then why the hell is bitcoin being converted to USD on such often times and why not USD be converted to bitcoin.
That is the case here.

We still have the traditional thinking that USD is the main basis of all currencies.
Even commodities.
1oz of gold = $1523
1 barrel of oil is equal to whatever USD.
It became the national conversion of everything into paper. It sounds odd but that is the case now.
With that, we could say it is still more valuable.
Do not confuse price with value my friend.

The majority in the market are looking to make profit as no one is confined to this market as a religion or a cult :P but these topics about pump are irritating .

Since you are of the impression that bitcoin is meant to replace fiat currencies, you have to take a realistic look at the development of bitcoin too, it is not even remotely possible to take over as a replacement but it is a store of value and our development is moving in that direction. So the idea of bitcoin changing the concept of fiat currency is just a wet dream in 2020  :P :D.

It's simply because people won't be involved in anything that won't give them profits. Profit is just the main goal here, they just want to make money off it.
This also explains why ICOs came to be, à profit earning strategy.

Also, those who are holding Bitcoin can't keep having the fear that their income will suddenly go from being thousands to zero. As Bitcoin has not been officially recognised, they fear anything can happen.

Prices in USD matter because its where you can profit when you trade BTC and USD. You can buy and sell while BTC price fluctuates. Users asking about prices and debates what the price may be after a week or a month is probably because of trading as well. All of us wanted to profit so getting in at the right time and right bottom price matters.

If someone speculates BTC price goes $130K, you'd best invest now and wait for the price to materialize and then sell. But for someone who will debate, it must be seeing something else in the charts.

We got many source information about bitcoin price when many people debate with bitcoin price, we know which one try to give correct information about bitcoin price in debate community, they have each reason why said bitcoin have higher or lower price, become our recommendation at the future with bitcoin price and what have to do invest or not.

The reason is because that is the major reasons for investing in crypto. After a lot of people see how the price of the coin went up long time ago, it has created an unrest as people believe till today that btc will pump one day as it was some years back

However, Fiat is more dominant than BTC in its daily use, all goods and services are valued by Fiat because its value tends to be constant, and it's easier. As we know, BTC has high volatility so that it will be difficult if used as a benchmark price, so it's natural that most people still compare the price difference. It is true, the value of BTC is more valuable than fiat, but that does not mean it can be compared just like that, BTC is BTC, fiat is fiat, both have their respective functions and positions.
I, really like BTC as a trading commodity, and I plan to give a legacy in BTC,:D

The people keeps debating because it is seen the other way around. Instead of being a stand-alone currency, they treat it as a speculative asset. Though you can't blame them for using it in that way since only a few, select merchants do accept cryptocurrencies as payment, and they also immediately convert it to USD/fiat, because that's how the government wants it and it would probably stay that way for more years.

We are locked in on a system made and decided by the government, and even how much you want to change it to foresee a world running on cryptocurrency alone for valuation, making that possible would still be difficult as of the moment.

There are debates that we keep seeing about the price of the bitcoin because all of us have different mindset and opinions. We are also different when we are analyzing and it is the reason why the results are not the same that can lead to debates. Mostly debates are happening because they are worrying about the price, they always want to say that they are right even the market is now proving that they are wrong.

I think that is because they want to get their profit quickly.

Most of these people arguing or debating tends to wait for the pump of the price so they can get a profit out of their investment. Another thing is that when the price pumps, they tend to be so excited how much it can pump more. I think that is just it, the feelings or emotions just circulate in there.

Can't figure out the actual fack of this writing, should we be satisfied with what the value Bitcoin has? Is it? If I am not wrong then what the hell is talking about? I don't know. if you don't have any desire to make your wealth more and more then how could you wish to make yourself a wealthy person? so Bitcoin value should be discussed and it will continue because Bitcoin value is one of the important things for this cryptocurrency world, You know most of the cryptocurrencies are based on Bitcoin chain so it means a lot, forget about the USD, Bitcoin will be the most worthy currency in the coming days.

And I hope that is just how easy to explain it to everyone but it is not.

When it comes to looking at how valuable something is it should be more popular. That is the case we are seeing now with the world.
Not the rarity of one item anymore or even with demands.
Just the popularity. (I guess we could blame the social media with it.)

We are talking versus the USD here which is like the very known currency of the world which a lot of people also want to get their hands on.
I can see that in my country because of the higher exchange of every USD.
Bitcoin though is still not seen much. In time though, we can compare it again.

Well, the topic is mainly based on the value of BTC which is the intrinsic value of it that will not need USD for it to rely on. But for me, this is quite impossible, as most of the people today is already utilizing fiats, it is merely impossible for crypto or bitcoin in exact, to be used as people look for the vakue of bitcoin mainly based from USD, if that is to happen, mainly right from the start people should already promote using BTC with its value depending on BTC itself.

Yes the main cause because the price of goods is currently determined by the FIAT currency. Unless all prices of goods have been determined in BTC units, the story may be different.
Does anyone dare to price in BTC units? I am sure only 10% of people will say YES, the rest will think first because they also need to exchange BTC to FIAT to meet their daily needs.
The current adoption of bitcoin is not yet maximal, but at least there has been good progress compared to previous years.

I agree to your stand point however, for people a piece of Btc does value upon on its market which price which happen to be in currency value. Besides they are competing whether will it pump, dump for them to validate their stand point with others. In addition, you cannot totally buy something out of bitcoin though there are few who accepts it as a payment but majority aren't thus, people ain't living with btc itself but on how much it values in currency.

If it has crushed USD then why we still have value of bitcoin in USD? Bitcoin is still very new to financial world and has yet to establish it's own value or worth. Right now USD and other fiat are the leader as we are dependent on them for our daily living.

Bitcoin’s origins come from a long time ago, many years before Satoshi. Crypto anarchists as Tim May (https://www.activism.net/cypherpunk/crypto-anarchy.html), John Gilmore or Eric Hughes (https://www.activism.net/cypherpunk/manifesto.html) forseen the need of a form of private money which could not be controlled by the govern, which should offer people liberty on the free market. Bitcoin’s backgrounds laid on anarchism, not on greed and profits. Also, on setting people free from govern’s oppression.
Satoshi managed to resolve what many others debated and tried before him, like Wei Dai, Adam Back or Nick Szabo. But he didn’t have in mind to list Bitcoin to exchanges, nor to make people rich. Just free from the governs, banks and any other middle-man. Unfortunately, many prefer to be rich instead of free.
He didn’t think to offer a certain price in USD to Bitcoin upon creating it, just to make all the efforts in order for his creation to be widely used.

Let’s remember some of Satoshi’s words.
“What is needed is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party (https://nakamotoinstitute.org/bitcoin/)”.

“The traditional banking model achieves a level of privacy by limiting access to information to the parties involved and the trusted third party. The necessity to announce all transactions publicly precludes this method, but privacy can still be maintained by breaking the flow of information in another place: by keeping public keys anonymous. The public can see that someone is sending an amount to someone else, but without information linking the transaction to anyone. This is similar to the level of information released by stock exchanges, where the time and size of individual trades, the "tape", is made public, but without telling who the parties were (https://nakamotoinstitute.org/bitcoin/)”.

“I've been working on a new electronic cash system that's fully peer-to-peer, with no trusted third party.
We very, very much need such a system.
For transferable proof of work tokens to have value, they must have
monetary value.  To have monetary value, they must be transferred within
a very large network - for example a file trading network akin to
bittorrent (https://www.mail-archive.com/cryptography@metzdowd.com/msg09964.html)”.

“ The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts
With e-currency based on cryptographic proof, without the need to trust a third party middleman, money can be secure and transactions effortless.  (http://p2pfoundation.ning.com/forum/topics/bitcoin-open-source)”.

Satoshi never said literally that he want to change entirelly the fiat money, but this is what it would lead to if Bitcoin would have been used as he created it. He wanted to help people to not be oppressed anymore by governs, by banks and by any other middle-men. To give people privacy and anonymity. To offer a way thus governs couldn’t track anymore every financial transaction. To not pay taxes and fees to middle-men. To transact directly, peer-to-peer, without paying huge fees, as it happens (for example), if you send money in different countries / continents from your bank account or from Western Union. To help all the unbanked population.


Actually there are some seeing Bitcoin as a cult, but only a few, unfortunately – check nullius (https://bitcointalk.org/index.php?action=profile;u=976210)’ topic The Nullian Bitcult (https://bitcointalk.org/index.php?topic=2665019.0). To be honest, I’d love to hear his oppinion as well.


And this is what Satoshi tried to change, by offering his creation, for free, to the people. All they had to do was to use it as intended: peer-to-peer transactions on the free market, rendering the govern as irrelevant as it could not control them. Sadly, people did not understand that and many still don’t... And the below quote illustrates very well:

Bitcoin is valued when it is converted into the value of the widely used and popular currency by USD, if BTC is valuable by BTC then we cannot compare the value when there is no legal currency to convert. USD is the easiest way to use the most appropriate exchange and pricing.BTC is pumped because the market is not large enough and is dominated by many BTC holders so it is normal to pump.

where you see people arguing about the price of bitcoin, is it only in your mind, everyone has freedom of opinion sometimes every opinion is not always the same, that's what is called a difference, just look at how the difference is in this forum, by the way why do you say 1 bitcoin is equated with $ 2, do you know that dollars continue to be printed without gold backups and their money continues to be printed but bitcoin is not in limited supply, that's the difference even I think one day 1 BTC = 1 Lambo might be more interesting  ;D

Indeed,  they are just expressing themselves on how they interpret the chart movement.  Ang TA have different method that differs from one another.  That is the reason why other insights differ from the other one.  Aside from that, others look at BTC as worthless because they do not believe in its community and function, we should leave them as that, it is their lives that will miss out if they do not believe in the value of Bitcoin just like Peter Schiff.

Everyone in this market wants to get profit quickly. But I don't understand why they have to argue about Bitcoin price every day, such arguments do not make the price of bitcoin go up. Prices can rise and fall depending on the situation of the market, what we are interested in is how to get the most profit with it.

That's because people still see it as an investment plan to getting rich quickly other than a currency for paying goods and services. Also, i hear OP saying that bitcoin should not be compared to the US dollar and we should see it as such. This cannot be as bitcoin came to meet existing currencies and they only way we can use it as a payment method is to pair it with other cryptocurrencies. We can only see it as such if we have a universal conversion of BTC rate against the US dollar and this would also not be possible because of the decentralized nature of bitcoin.

In my opinion, the value isn't always about USD, but more on what we can buy or do something with Bitcoin. Like, if the price is $6K and we can just buy one thing then when the price is $12k, we can buy two things. Why wouldn't I hope the price is $12k?

Basically, people understand that one bitcoin worth of one bitcoin but that's gonna be useless if we don't use it (to pay, buy, or speculate) and that's why people are debating.

Only get debate with bitcoin during have higher price but when bitcoin back down they run away and we never see anymore about some one debate with bitcoin price, I think is not have to worry when many people have their self predicting about bitcoin price and they look very trust with their prediction price, but I keep believe and analyze by my self with bitcoin price.

Some people still think Bitcoin is a means to get quick rich. They don't really know what Bitcoin really is. Everyone wants to get profit at sort time. And when the price for the sort term goes down a bit, they make negative comments against Bitcoin. Even again they start panic sell! Bitcoin's original believers do not worry about Bitcoin price. Those who argue about the price, who dream of becoming rich overnight with Bitcoin. They don't have the thing called patience.

Yeah it's true that everyone has their own opinions, but I don't think you can digest well what @OP says. All right, the question is actually not why are those people arguing? but what @OP means is what are these people arguing for? indeed everyone has their own opinions, but we need to know like what is said @OP that BTC is not made to compete with the USD or other fiat. The BTC referred to as @OP is an independent BTC without having to be compared with fiat, BTC is BTC because BTC has a supply, unlike fiat which is always printed and its value always changes when the numbers increase.

Its a healthy debate anyway and its good to see people asking and that if you are a newbie in trading you can get a feel of where the price could go to trade. The wall observer thread really deserves to be watched, you might wanna go and subscribe to that thread too in case you don't wanna see people expressing their idea about the value of BTC.

Whatever your sentiment is, once someone treats bitcoin mostly as an investment, its fiat value will always be a big deal. Therefore they care for whatever scenario that can happen to bitcoin either pump, dump or something along those lines.

Remember that these "investors" used their cold cash to purchase BTC for investment purposes. Here, it is obvious that their goal is to have a decent profit in return even just by holding. That's why it called investment after all.

We will just see Bitcoin work as a pure currency, at least, in the next 20 to 30 years (just figures). Why? As long as there are lots of positive hopes about the bitcoin's good future, including the possibility of establishing a "moon price", people will mostly treat this supposed pure currency as an investment.

Bitcoin replacing USD or other fiat currencies someday will not happen***.

Yep, debating in a healthy way is just the same as the TV shows or news without giving any negative comments. But critics is also a part of it and that's the time we can see different ideas about the value of Bitcoin. Since the volatility of Bitcoin is quite unpredictable it's normal to see such speculation of the price everywhere.

Everyone watches the price, if they didn't get any advance idea through the users in the forum, they might not be able to sell at the right time and that's when you see you need to follow more of that Wall Observer thread. The users in the thread has pretty much knowledge that I don't have actually. Debate if good, this is just a forum board I'm sure we don't hurt each other's feelings just by all the criticism of someone you don't really knew.

I can accept criticism to look into myself whether I'm actually wrong to my speculation or not. If wrong then I guess I'm not the go to guy when asked about prices.  :D

I believe this is the main problem within the crypto community. So many people are just in it for the fiat value and these are not true believers. True believers are not as concerned about the price of bitcoin and that is because we believe in it and we know in a few years it will be worth much more then it is bought for today. Why stress for the short term when you know the kong term will bring good results. People are not patient. This only concerning themselves with price miss the whole point of crypto and at fiat slaves. True believers don't care for the current price.

Quality debate is always good but often people are focused just on empty phrases they repeat about Bitcoin price.
It's understandable that Bitcoin users are focused on value because main motive for majority is profit. So they follow the price all the time waiting for some big pump to make some money.
At the begininig Bitcoin users were more enthusiasts and pioneers of something new and exciting, now it's all only about the money.

It is normal for the community to talk about the bitcoin market price because it is really a big matter in cryptocurrency or even in this forum. Since we support the bitcoin technology and the cryptocurrency a lot of people is making a claim that bitcoin market price going to pump or dump in this time. A lot of people have different analyzation at the bitcoin market price since it depend in the supply and demand of the market we cannot accurately predict the market price in the coming months so it is normal for the community to make a discussion about this.

But in reality, BTC cannot completely replace the FIAT USD currency. Because BTC has a different character from the FIAT currency.
I also don't want to be a hypocrite who considers 1 BTC = 1 BTC. 1 BTC will only be calculated into USD for profit.
BTC is the most valuable cryptocurrency, but it will be even more valuable if converted to fiat USD.
BItcoin is only used as an investment that will provide benefits when exchanged into fiat currencies, it has become a common thing and done by everyone.

basically bitcoin has its own rules which are certainly different from fiat and other commodities in the world today. It seems like op is embarrassed by many people who are too complicated to think about the price comparison with fiat or other commodities now, so he argues like that. Well, as you said, everyone has the right to express his opinion and we must respect each other. We should also not need to bother with that difference, just waste energy, it's better to maximize what we believe, life is as simple as this :D.

Unfortunately, very few people truly understood the meaning of the OP... For those who did not understand, check again this post (https://bitcointalk.org/index.php?topic=5218069.msg53628128#msg53628128) written by me earlier, in case you missed it. Maybe it explains better... I hope.

Sorry you’re wrong, there’s nothing like one BTC is worth one BTC, you are not sure about valuing of a volatile commodity. I do agree that Bitcoin was created to be a transaction method, but the way I see things are going, it’s not going to be any replacement, we are still going to be using our conventional currencies, which we all know that China is doing that already.

Bitcoin is volatile, so I don’t blame people for doing that. Even if you plan to be using Bitcoin for purchasing things, imagine that you fund your wallet with $10,000 dollars and you have plans to purchase some stuffs that are worth around that amount,only for you to wake up the next day to half of that, will you be happy? Of course you won’t.

Value came from benefits and we can see bitcoin benefits is more than commodity and stock. People see bitcoin as digital currency, can used to create currency something really important in our live right now and works, that value came from. Debate create fresh mindset ( point of view ) and new strategy to get more income, that normal and must supported. Value is the important thing when we speak about economy, is not wasting time but make valuable time for better life.

Peter Schiff is a freak who has always predicted the price of bitcoin is cheap but the price is reversing to go up, I want to see his twtter again making strange predictions so that bitcoin goes back up as before, I see that person doing things in vain and why he doesn't focus on gold , why is he Peter Schiff having to comment on bitcoin that is not in his profession analyzing the price of bitcoin, his site also accepts bitcoin payments, lol  ;D

If something is being debated about, it must be important to them. If it is not then they would not even be talking about it.

So Bitcoin's value must be important because people not only casually talk about it, they discuss it with conviction and with confidence. Bitcoin is becoming more valuable today, to be frank, not because of its actual use but because of its rising value in terms of fiat.

That is the whole truth, right?

Well, because some people think that the most important thing about bitcoin is the price. ready or not, sometimes bitcoin can make you disappointed, and make you happy. some people speculate that price increases are just manipulations, while on the other hand, they say that this is real because of the function of bitcoin. however, since the creation of bitcoin until now, prices have continued to grow, and fluctuations have always been volatile. if there are people who have different opinions, and argue, I think it's a natural thing because people have their own information.

This doesn't mean that bitcoin will replace or was intented to replace all fiat currencies completely.

Bitcoin was created to give people an alternative to fiat, for those who want price, freedom,  etc. The world needs it, but as an alternative.


We understand  but we don't agree.
Satoshi said we need a new payment system, and you conclusion is that this payment system will replace all fiat currencies all over the world completely.  Big step , don't you think?

And  what satoshi said or meant doesn't matter anymore. He doesn't own bitcoin, it is bigger than him.

yes i also don't agree.
Because basically satoshi created bitcoin not intending to kill paper currencies and he did not expect bitcoin to be a substitute for a conventional conventional currency to make payments, but only to save the world from the destruction of the global economy at that time.

They wouldn't be able to hold it, OP. You can't blame though. Surely we're gonna get some more adoption anyway in BTC so this debate will probably stop once a lot of people start utilizing it.
I can pay my electric bills using BTC, and I got some local app for that so that's quite convenient actually. Slowly we're getting there.

Most of the people here are debating about the bitcoin's value why? because it is important. They are arguing about its volatility and where and when does the bitcoin's price will possibly rise. If there is no movement regarding on bitcoin's price of course we are all affected because due to the low demand that price will also decrease unlike if the demand will rise the price will more likely rise also.

The value of Bitcoin is different from the price, maybe for now the value of Bitcoin is undervalued, and the price may also be related, but how to make an assessment on this, as it is well known the Bitcoin market is moved by the Law of Supply and Demand, there are whales that are executing their plans right now, if we talk about futures it is on the right track, but many investors if they see the real value of Bitcoin, that is why they decide to make their investments in large amounts of money, they know that a new ATH will mean multi-million dollar profits, that's where the value of Bitcoin correlated with its price lies.

why do people argue about the value of bitcoin? in my opinion because bitcoin has not been legalized as an international currency and also every country has a law that regulates the currency in force in that country so that everyone will continue to argue about it as long as the regulations on currencies are not changed
let's think with your logic, if in this world there is only one currency that is gold then no one will argue about the price of the gold

Actually, debates like this are commonplace from a few years ago about the price of BTC, I am not surprised by the debate in some social media or on television or in this forum, because we see politics there is always a relationship that actually does not have to be debated by all groups, because of the difference that made the debate come into being.

Actually the price depends on the value of the BTC supply and the stock you have, only experienced people know when Bitcoin will have a high value like years ago, so enjoy the moment when Bitcoin has skyrocketed.

BTC rate changes anytime, it may pump and it may drop. Number of people and so the number of opinions. Different people has different skill sets. So they keep debating as per their experience and knowledge of bitcoins. People tend to suggest their opinions regarding cryptocurrencies. So, there will be always different views coming off for price fall and bitcoins rise up. Actually the price falls as well as rises only because of the high volatile nature of cryptocurrencies.

We can really not predict the exact prices of each and every currency as they mostly depend on the demand and supply factor and we can never actually control the demand atleast for coins with higher volume.

Yes it did, but also who is buying VIP now? Nobody! Under normal circumstances this would mean the end of the business and bankruptcy but bitcointalk has other sources of money (ads) so it really doesn't matter if people buy VIP or not. It serves as a statement not a real business model.

In real world who would be able to not lower the price despite nobody buying your product? Only a very rich or a very stubborn man.

Fiat value is important because fiat money means goods. If fiat is not important then give me 1 BTC for a gold ring. You'll ask for the value of the ring and I'l tell you pure gold, authentic, one diamond. Does it mean the ring is worth a bitcoin or not? How are you going to value it?

Basically cryptocurrencies are an investment similar to gold and silver and that's the reason we are seeking for high prices of bitcoins. It may pump as well as dump. Hence, bitcoin is said to be a investment more than an opportunity of earning I think.

So, people debate at which rate there will be BTC dump and pump as each peoples has his/her own research about the charts and prices and have specific entry and exit points. Not necessary there will always be a fall or continuous rise. You need to be more patient here and its truly said “delay in something is god's protection for us.” You just need to have immense knowledge about the charts and patters so that you can understand about the markets more deeply.

Its not matter of only price of Bitcoin and its future value,People even dont know the the benefits f Bitcoin.Bitcoin connect globally and secure our funds also transfer funds efficient way globally.

Bitcoin value obvious increase due course of time,If the past decade history f Bitcoin it rises and most important events on the way like Bitcoin halving and the adoption of Bitcoin expected more than the pat decade.So if any one if focus n the mutual benefits of Bitcoin will never give-up to Bitcoin.

It's completely possible that USD will not last forever, but whatever will come after it, we will always compare Bitcoin value to some other currency. It's delusional to think that Bitcoin will become one AND ONLY currency worldwide. So there will always be a chance to compare it and talk about it's rising or falling value. Even if we imagine Bitcoin being the ONLY currency, you can still talk about BTC value in terms of how many litres of milk you can buy with 1 BTC.

I use it as a reference. It allows me to see if it's going up or down. I need that to know when it's the right time to spend.

You can't simply ignore fiat value because you don't like fiat. 99% of people will put their things up for sale with fiat price tags. Once people start putting bitcoin tags on items you can start a thread like that saying that we should care less about fiat price.

Volatility is an eminent factor that we never ended this debate about Bitcoin going to X or going to Y. Bitcoin will go somewhere else and wherever it is we don't know of that for sure. We are so concerned about its volume coz that is how we measure its growth and prices. Everyone wants high volume and to the fact that they could generate gains for their investment. It was like to think that we are just played by its volatility and so people would never be quiet and stop thinks for an X and Y.

The price of bitcoin attracts much debate due to it topmost position in the world community of currencies.
BTC is not just seen as a currency,  but an investment that will yield good returns.

because if no one talks anymore about bitcoin, then, we are doomed.  :P talking and discussing about its price is good for the community but not to the point that if you are an investor, you will rely on speculations. you will gain insights on what's happening around crypto and learn the factors influencing its price but definitely not a single factor can change its course. it is a combination of so many players and so people have a lot of things to talk about...

I think it isn't bad to have a little discussion about Bitcoin's value here and there. It is a way to know who is superior than the other in terms of value when compared to USD. If there isn't anything to discuss about Bitcoin, this forum would probably won't exist in the first place. Discussion and debate help how Bitcoin stands out from the other currencies in the world.

Bitcoin's value do really is a great topic to be discussed, allot of people misunderstood that bitcoin's value is different compared to its market price in USD. Bitcoin's value could be seen through bitcoin alone, and how people take good care of its importance to our society. While market price is a competitive price we've misleadingly thought about the main essence of bitcoin. Mainly because of people here that focuses on investment that is why they see bitcoin fits to be high in USD price other than being valuable innately.

I don't think a man here just suddenly create the word pump or dump for bitcoin, it must have been accepted from the market terms and I think as long as it is understood by every one, the communication is complete. Secondly, Fiat(USD) as a currency may not experience pump as it may be, because it's market value volatility is far regulated than the crypto market value, and the value is also not the same to all other country's currency at a time.

It is true that if we learn correctly about cryptocurrency, we will know that the original purpose of bitcoin was created as a substitute
fiat currency which is considered detrimental because it continues to experience inflation. But in reality today many countries have
not legalized bitcoin, and the more expensive bitcoin prices are due to the limited number. Making bitcoin change functions, now people
are more focused on making bitcoin as a digital asset that can make a lot of money. Therefore it's no wonder people are arguing about
the price of bitcoin, because for now the most important thing is to be able to make profit from bitcoin.

Because we live in a world where cryptocurrencies are then converted into ordinary currencies, and paid by them.
The fact that 1 BTC = 1 BTC, no one argues with this. But if you get 1 BTC at a cost of $ 5,000 and 1 BTC at a cost of $ 50,000, for withdrawal to your card, then the difference is enormous.

It is tough to define bitcoin's intrinsic value. There isn't any defined measure. No one knows the basic value. It is dependent upon the speculation largely. Thus, the debate is never-ending. Some people believe that Bitcoin don't have any intrinsic value and hence is overvalued and some go by the demand factor. That the supply is so limited and demand is ever increasing and hence, price is undervalued.

Yes, unfortunately, bitcoin is used as a mere asset nowadays rather than the reason why it was designed and everyone wants to make most out of it that's why they are so much concerned about the value of bitcoin. If people would have used bitcoin just as a method of payment then we wouldn't have seen such a tremendous pump in the value and now bitcoin is used for everything apart from why it was created. 

Yes debate is never ending about bitcoin who those have big amount of bitcoin because they always believe that bitcoin will goes up. So holders of bitcoin are never stop speculate also the price because they want have a big profit. People debating the price when is goes up or down and they also debating about the supply and what happen next.

The fact is that all these ups and downs in cryptocurrency prices, including bitcoin prices, are precisely that manipulation of the cryptocurrency users you are talking about.  Since the big Whales and certain groups of speculators disseminate various information, as well as practically direct the actions of traders thanks to signals, tours for a long time will depend on such people for a very long time.

The problem i see with million dollar valuation in bitcoin is the same factor, how big the casual investor will invest in it and even if we think that you do not need to purchase the entire coin then comes the problem with volatility, right now everyone view the market as a speculative coin and as long as the market attracts the investors we will discuss about the valuation.

People argue so much about the value of bitcoin because It is traded on exchanges and has a lot of volatility. And as a result, many speculators want to make a profit from trading bitcoins. Almost all new investors are interested in the possibility of enrichment with the help of cryptocurrency, and not its technical capabilities.

People argue considering that, if bitcoin value goes up that would be equal to profit? Lol. A lot of bitcoin user is trader and supporting bitcoin for profit, don't say to me that you are just holding bitcoin because, you like it's purpose. It will all be equal to profit. Bitcoin value goes up, it will be an easy profit. There's nothing wrong in discussing it's USD value, and for me discussing it, is a good way to introduce some individual to bitcoin.

Like it or hate it, but majority of people are just holding bitcoin for profit, and there's nothing wrong there.

There is something wrong in there if people will only hodl Bitcoin for profit. That would defeat the very purpose of Satoshi creating Bitcoin. Please don't misunderstand me, I hodl Bitcoin myself. But I am also looking for ways to use it as it is, a currency.

i don't think People are debating about the Price of bitcoin instead people are talking about when to grow or when to fall,there is no debate on that matter because sharing thoughts and speculations is helping people to have ideas or hints (also can make people down or grow).
no argumentation at all mate,because we cannot make the price at any moment unless all of us make one stand in which currency to invest then this is making things happen.

Nope there are arguments. Hopefully none went too far but the price of btc is a good topic for traders and chart readers. We don't have the same take on how the price would go but there are those who are too confident in their tech analysis skills that they're willing to pit themselves against the same kind of people. Here is where debates happen. Though for me, it's just two side trying to prove something that can't be proven 100 percent.

The debate is that some people consider it important and others consider it normal and nothing special.

However, the debate about Bitcoin goes up and down and so on, there are certain factors for people who judge it, especially investors.

Most of the investors, trading and investing in the short and long term, assess the Bitcoin digital currency which is very influential on other coins.

Most tend to see from experience that has existed from year to year, for example if bitcoin goes up other coins also experience the same, and vice versa bitcoin goes down other coins also participate down and up.

This is a factor that people often repeat the same question for Bitcoin, (waiting and expecting) because the current price of Bitcoin is not normal and also other coins have not developed so far.
Usually repeated questions come from investors who keep large amounts of coins/tokens, [for information].
People think Bitcoin is going up, the value of other coins is also experiencing the same thing in foreign markets.

When it comes to Bitcoin, seriously, there are 99 better topics to discuss than price. We have all kinds of people in here and online, and of course everyone's an expert.

Anyway I disagree. Value is expressed in different ways. US dollar or market price is one way to express the value.

I wouldn't say Bitcoin's important to society but it can be. It's important to a lot of people for now, and maybe one day important to entire societies.

Simply because there are a lot of people who knows how to predict and speculate how bitcoin is moving and they know how to analyze the graph of the market so that they are able to make predictions about it, the problem here is they are different in terms of predictions so it is the main reason why many people are getting debate about what would be the next value of bitcoin. But like what you have been said, it is natural that people are getting different perspective in terms of values because some people are saying it will pump up and declaring a peak of the value of bitcoin that will happen.

isn't that what people care about more? the value of btc is always the center of attention for many investors and so it is highly debate upon, this is what draws more investors to it too as well, people look at the value before technology.

because the benchmark bitcoin until now only with FIAT.
users still depend on FIAT even if they get revenue from cryptocurrency.
if you buy goods or services and pay using bitcoin, then FIAT is the main converter used for calculations.

You're right, people are caring for what btc's value in future. everyone will debate or predict the price for their own and depend it to whole people who using bitcoin for there own good and be popular as bitcoin if they attain the exact price of that day. so everyone will work hard to predict it no matter what.

Because of their Investments
Unfortunately in today's world there are not many opportunities to engage in business and earn daily, the government have been trying but is being unsuccessful on their behalf and its creating havoc , people are without jobs and they wanna earn ofc they have a family to support they want to support themselves but now let's talk about the jobs .
Well there are none !
Therefore they are looking for investment opportunities , they wanna be rich , gain something but whatever be the thing , they invested here.
I do think this is actually healthy. Over worrying about the price isn't for sure but this is till to an extent.
They do have the right to do so.

And it keeps the market live. I appreciate how people are in the look of bitcoin's future but can't deny also that some think differently, some think negatively and claim to be a scam. With this kind of environment, it surely a lot of people will come and talk about their bad and good crypto experience, and sometimes to justify that Bitcoin investment is a good one.

And looking forward to seeing that Bitcoin's value will probably be soaring high this year, we can't decline that more investors will turn back in here and make an investment.

Many people are confused about why is their money is not growing as of now, they are losing their patience and they have so much eager to earn. We are all here to earn right but in a situation like this wherein the market is not that good as of now, we just need to wait and we can't do anything about it but to still support crypto or hold the tokens you bought, you just can't sell it in a low price right? Bitcoin is a good investment, we can say that because we've experienced it before, it is just that the market as of now is in not good situation and this is not the perfect time to sell our holdings. Prices are volatile, meaning it can pump or dump anytime when there is transaction happening the price is changing so no one can predict when bull run can happen but we are all hoping that it will happen this year.