Bitcoin Forum

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

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

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

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

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

What's your take on this matter?

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

Tom Lee is one of the most confused people to speculate about the price of Bitcoin for years, and I don’t know how he’s no longer embarrassed with all the nonsense he’s said? In short, there is not much to say - they all have their reasons to be pro-Bitcoin or against, and I personally am not interested in their opinion at all, they are actually as irritating as broken records...

The only thing that is a little strange to me is that they didn't include the famous Warren Buffett or maybe Peter Schiff in the whole story, because they also have something to say on the subject. But when we look back, those stories have been going on practically since Bitcoin existed, and while they talk about how worthless Bitcoin is, let’s look at how much 2014 was worth compared to 2012, and then 2017 compared to 2021.

I don't see any logical reason for Bitcoin to collapse, but I understand why bankers, politicians, and some successful business people want it - fortunately, some desires cannot be realized with money or influence.

I believe there is no such thing called crypto experts they are crypto FUDsters. :P

Until now bitcoin is just growing more year after year but we don't know what will happen in the next 10 years, even USD may lose its value and face hyper inflation or there will be a new currency which may surpass everything!

This may not become true by 2022, but bitcoin would still hit that price certainly, but the year this will happen might take longer than 2022.

This is one of the people that is misleading people about bitcoin. They are old people that do not believe in the latest, they just prefer the old way.

Is it right? Bitcoin at $50000 but having 0 value? This is contradictory. People are buying and selling bitcoin at a certain price, but saying it is worthless. How is it worthless? It is not. Just ignoring these people is the best.

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

Well, the price is set by the current demand and supply, I believe that they're saying that because Bitcoin is not tangible, like gold is. However, the same thing can apply to gold too, if for some reason the demand decreases, its price will decrease too.

I think that it is probably somewhere in between.

BTC will never really replace fiat, but it will have an increasing amount of followers and believers who hold it as a long-term asset.

It will definitely not collapse, but it will likely also not perform the way it did for the past decade. There is a lot of unjustified optimism from people extrapolating returns from the past decade to the future.

These sides have been the same for too long, and I don't think it matters up to now whatever their take on bitcoin is. Dimon and Lee have both made fun of themselves by saying things on the extreme end of their belief in bitcoin. Most of their predictions didn't hold too much weight, but since they are 'successful' enough, their nonsense predictions are being sensationalized by a lot of people.

Even people with the most basic knowledge of bitcoin can tell you with certainty that the price will only go up or down. You don't have to be rich to know that, really.

Until now there are still people who insist that Bitcoin's value is zero. It is not. If these economists are insisting that Bitcoin's value is zero, it only means they have not yet understood Bitcoin. Bitcoin is energy. The amount of energy and work that is involved in making Bitcoin is what Bitcoin is all about. Bitcoin is not just a grain of sand or a fallen leaf. It is nothing similar to a thing that is effortlessly coming out of nowhere. It is produced just as gold is produced. And it is scarce.

Satoshi said it himself: "I’m sure that in 20 years there will either be very large transaction volume or no volume."

It's not exactly what he said, but it's almost like saying that bitcoin will be worth A LOT in 20 years or it would be worth near-zero. So far 12 years in Bitcoin is holding really really strong. But hey, despite me being super bullish, who knows?

And that is the thing with bitcoin isn't it? It can't be defined by any "true economics" in the world.

So what it means is that those economist haven't seen this kind of disruption so their argument is flaw in the beginning.

If it will collapse? then we shouldn't have survived the first 10 years. And yet we are moving in the next decade and bitcoin is getting stronger.

Yes the low of the year is a great way to determine a bottom however it always isn’t correct. The low for 2014 was breached and it headed lower in 2015.

I think an ATH is not a reliable measurement of strength in my opinion. Usually it leaves a long wick and many never sell at the ATH. However if a low forms and that low isn’t breached in 1-2 years but it can mark a bottom.

So the yearly low and 200WMA are perfect bottom signals.

And that's why it's the mindset of the old. They pretty much deny anything innovative and want to stick to the old ways since it's personally tested for them, which in turn just generates an impasse that doesn't let them improve at all.

I'm personally bullish but that ofc wouldn't stay the same. Maybe after a few decades more of growth, we'd see the market grow to a point where it wouldn't exactly increase in price anymore, but also wouldn't decrease. It'd stay at that point where we can see its availability as a medium of currency. But hey, anything could happen, it is a volatile market and since the market is able for everyone therefore controlled by no one, nobody could really predict what would actually happen.

Tom Lee remains bull always and we had lots of discussion on his bitcoin speculations. But as of now, we first need bitcoin to have a new ATH in 2022 before assuming anything bigger to test. Dollar's devaluation and new strain of pandemic are leading us to a slower economy by the first quarter of 2022 hence we may expect bitcoin bulls to return back for a stronger action.

We have lots of buyers around those lower prices but not at the current prices which is the problem and causes the sideways market; I mean everyone looks for cheaper prices to accumulate more which also leads whales to manipulate the market.

Bitcoin strong fundamentals certainly do not doubt us to continue to hold bitcoin, but what is happening right now is beyond our expectations, investors fear of the Omicron variant of the covid virus has clearly triggered the market to experience a strong tornado, and I personally believe when the storm is over later,  we will see the price of bitcoin back to recover in the market.

It will last long and will be matured more in the future although there are some news that bitcoin is almost done because of the percentage of mined BTC nowadays. I still do believe that bitcoin will be alive 10 years from now.. It's unstoppable so there's no impossible it will last long than other trusted crypto in the market.

There is no stopping for bitcoin as it will always move forward no matter what. What we have at the present is just a short correction so it won't cause the market to collapse. Instead, we will witness bitcoin to mature even more and will most likely to reach a higher ATH once the correction is over. With all the achievements made by bitcoin as a decentralized currency, it cannot be deny that there are still anti bitcoin people who loves to spread false alarms for bitcoin and if you are weak, you'll end up believing them.

Steve Hankey calculates inflation for many countries and his method is old, so the fact that Bitcoin has a value of zero is contrary to reality, but it is a theory because there is nothing linked to Bitcoin (it would be true in 1970)

The crazy rise of 200,000 is unexpected and most of those who say that are very optimistic.

Some still believe that the price will cross the 100k barrier during the next year, but the most likely thing is that we will not see a price lower than 20k again.

But check the chart out.  2017 ath is around 20k, that’s more than 20x BTC’s 780 USD low for that year.  This year, the 27k low is less than twice the current price of BTC at 47k and a tad less than three times BTC’s ath.  So be careful in assuming that it would never break down 27k.  It may very well could imho...  Unless we see another parabolic move up. 

What about instead of the moon or collapse, BTC goes range bound between 30k and 60k for 2022?  Maybe even 2023 too.

Such these people are speculating about bitcoin for years still bitcoin managed to scale above $65k levels hence who is the winner here? Bitcoin's potential is already a time proven one. Hence, such haters do not need any attention from this community for sure.

I am confident about Warren Buffet as well is going to make a positive comments on bitcoin very soon; people who do not understand the modern evolution might be making negative comments and we really need to move on them rather than weighing about their comments as bitcoin is doing perfect for more than decade hence what is going to change which was not in last 11 years but all of sudden.

In a way I do not blame them, even satoshi made a similar prediction in one of his posts, however I think that now that it has gotten so big bitcoin will never reach a value of zero, as a decentralized network which is independent from banks that can transfer value all over the world in a fast way will always have some value.

But how high that value could be? That is what no one really knows, obviously as you may guess since I am here in this forum I think the potential of bitcoin is unlimited as I think that as time passes bitcoin will mature to the point we will be able to use it in almost any store in existence around the world.

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

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

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

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

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

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

I think that it will mature.

We are already seeing a lot of traditional finance being integrated with BTC, including ETF approvals, companies accepting BTC for payments, as well as companies holding BTC on their own balance sheets as stores of value.

If this is not a sign of constant maturation, I don't know what is.

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

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

I'm certainly aware of its potential, too. Likewise, I personally wouldn't mind going through a phase of bear market. Any accumulated Bitcoin stays as Bitcoin, I'm not turning any to fiat. Thus, despite the price fluctuations, I'm not bothered nor affected. My goals for 2021 weren't fully achieved, but it's okay. I'm patient and have already set new goals for 2022.

It has matured already, we just don't understand how volatile it is that's why sometimes we think that the market will collapse when there's a heavy dump. We sometimes look at the bright side only which is the bull run, so we are not open to its correction that would cause a dump in the market, when bitcoin falls, some think it's collapsing but isn't it bitcoin died many times already, and then reach ATH after ATH?

It makes sense that most newbies would panic in a situation like now, where the price of Bitcoin has decreased. Because the newbie doesn't have
good enough knowledge to understand how Bitcoin works, and also newbies have no experience with volatile Bitcoin movements. Though the Bitcoin
price dropping is a sure thing, after previously the price of Bitcoin rose very high. If we can be patient and keep believing in the future of Bitcoin,
we can see the price of Bitcoin will rise much higher in the future. Should have seen Bitcoin price drop, it's our chance to buy Bitcoin, because when
the price goes up we already have enough Bitcoins to sell.

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

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

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

It didn't happen, but it's fine. I stick to my day job, keep earning for a year, and perhaps even grow my stash of BTC so I'll be even more comfortable when that 100k comes (this year, the next, 2025, at this point it doesn't really matter).


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

Definitely not complaining, I don't see why should I. Last year, I logged in my BitGo wallet (Had only used online ones back then) and watched in awe. I had a small amount of Bitcoin forgotten there, which wasn't worth more than $300-500, a few years ago. If not mistaken, my wallet was then worth approximately $2.000, just out of nothing.

Thus, I have no reason to complain, I've invested into staking too, thus price volatility isn't affecting me, and moreover, I'm trying to accumulate Bitcoin, without paying much attention to its price. The more, the merrier.

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

Traditional economists and banksters are so used to manipulate their fiat currencies and the local economies as a whole that they think to have enough power to define what bitcoin value is. I suppose they are delusional at this point. :D

What makes bitcoin to have a value are its imutable characteristics, that fiat isn't able to deliver its users. Such noble characteristics generate a value, indeed.

On the other hand, I don't pick any sides of those predictions and by now I expect something at the middle: in other words, 100,000$. Maybe once it happens I can start dreaming about 200,000$.

Dont consider for it to be bullish but rather those increase that we are seeing now are signs of somewhat a recovery or buying times but pretty much sure it doesnt indicates something better ahead but if these
gradual accumulations do continue then we might be seeing another 50k levelish kind of behaviour and speaking about collapse or mature then this is something that cant really be predicted because we know
that this market is always been speculative and there's no way you do know on whats ahead.

One things for sure is that recognition and adoption is going much higher as the years passing by but we know that nothing is guaranteed speaking of long term aspects.

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

I tend to agree with all of you guys here, as a Bitcoin enthusiast, we should have trust and have a positive mindset about Bitcoin.
Collapsing means totally downfall of Bitcoin or it has a zero value which I don't think will happen, just look around and listen to the news every day.  Bitcoin has been getting more and more investors and it has been accepted by different agencies/companies worldwide.  It's also been in a medium exchange and I think it that way it has started to become mature.

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

I was also more than happy with the last ATH which was close to $70k and I sold some BTC which allowed me to buy presents and everything I needed for the Christmas and New Year holidays. Maybe I had a premonition that it was the right time, or I was lucky - however, I will never allow the price of BTC to dictate to me whether I will spend it or not.


Yes a win-win situation, but only for those who are patient that they can wait 3-4 years for a new bull run to happen. However, it remains to be seen what will happen - this resistance, which has been above $45k for some time, only suggests that we will soon find out in which direction the situation will develop.

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

Basically all opinions,predictions and "analysis" about the future of Bitcoin are biased.
People like Tom Lee,Michael Saylor,the Winklevoss twins and Jack Dorsey are pretty much biased about the bright future of Bitcoin and the BTC price hitting the moon.
People like Warren Buffet,Jamie Dimon,Charlie Munger,Steve Hanke and pretty much all the bankers and economy professors around the world are biased against Bitcoin and they hate it.
Just take a look at the bullshit about Bitcoin having a high price but zero value.If BTC has zero value,then why are the people buying it?This is complete nonsense.
Will Bitcoin collapse or hit the moon?I'd say that Bitcoin will be somewhere in between those two alternatives.
It won't collapse,but it won't hit the moon.

I'm wondering how you came to such conclusion, where has it been confirmed, as you're mentioning. That's your opinion, I get it, I'm not going to force mine on you, however, I don't get why you're a member of this forum, if all you do is bash about Bitcoin? What's exactly your point?
People have been talking crap about Bitcoin and cryptocurrencies in general for years, I'm not surprised to see that there are still people who believe that it's all a bubble about to burst.

That there are people who know that it's all a bubble already bursting shouldn't be surprising, since it's been proved by confirmed math and science.

People will say bitcoin "will die" all the time, there is no stopping that. https://99bitcoins.com/bitcoin-obituaries/ look at this website and you will see only a portion of it, not the whole time it has been said that it will die but you will see it from major outlets there. Even up until the last days of 2021 people talked about how it is a scam and it will end in tears and we all know that it is not true.

Some people will keep on claiming they know who satoshi is, how bitcoin will be zero and how they are going to end up losing all of their money if they invest to bitcoin and all of that. There is none of that going on in real life, these people are just "hoping" that it would happen. Bitcoin will always survive.

I beg to know more information about these people who have proved that it's all a bubble. I'd like to know what part of math and science is proving that Bitcoin is a bubble, about to burst. Despite rumors and assumptions, I'm yet to see any solid evidence, as you're mentioning.

On top of that, you didn't answer my question regarding where you're standing on this forum, since you don't sound like a Bitcoin supporter.

What would you expect from those who don't even know bitcoin from the start? Of course, they always see it as a temporary hype that will definitely come to an end or collapse in the long run. But for bitcoin enthusiasts, we know that bitcoin will only mature and will continue to create progress in every year that comes. Seeing also that we are now starting to create massive adoption, then bitcoin will certainly be a part of financial system legally in the long run.

I don't see any temporary hypes here, Bitcoin has been soaring for the past 1.5 years, even if it crashes further down, it's still way higher than 2021's lowest point, and still higher than 2020's ATH. Price volatility is expected, and to be honest, I'm pretty used to this up and down situation. Sometimes it sucks seeing your money being "drained", but I've already seen it grow multiple times. I don't get why some people are so negative. It's logical to be skeptical, unsure or afraid, but being blunt that Bitcoin is a bubble, without having the evidence to back it up, is pure nonsense.

It should develop actively so long as people require that utility online to transact, seems feasible that it will always be around.   I remember at the time of the tech boom, people searching for this solution and the closest they came was to declare advertising was the global form of ecommerce money, in that it was available in small enough amounts and possible to obtain for many websites at that time.   Obviously advertising revenue is not really fungible, Bitcoin is superior to the bits and bobs that otherwise would exist as proxy tokens in its absense therefore BTC will continue with that need.

Strange that you didn't notice @proudhon, everyone already knows him in the speculation board, and he is especially popular in the WO board because of his eternally pessimistic attitude. His sources that have confirmed his theories with the help of mathematics and science are supposedly from China - at least that's what I remember from some discussions.

Here is an example of his post from 2016, and any further discussion after that is completely unnecessary - 6 years later he is still defending his opinion, and the value of 1 BTC has grown from $400 to the current $47 000.

i don't think Collapsing is another Option here.

Bitcoin may increase to 6 digits, or this will even fall to 3 digits , but collapsing? no I don't think so, instead bearish will only the other option.

But it is good that you open this topic because i can see more worth a read replies from Bitcoin supporters and even detractors .

But the main goal here is to share our beliefs and information towards future.

I agree, collapsing is an overstatement for bitcoin in my opinion.

It has surprised a lot of test during it's infancy and then goes on to hit a new all time high last year with a huge price of $68k. So that is far from the definition of collapsing.

On the contrary it is growing strong and could hit 6 digits in the future. There are a lot of perma bears in this community, but it doesn't mean that they can stop bitcoin.

But to say it reaches $500,000 or stays at 6 digits might be overstated as well. I could say this because we can't sure where Bitcoin goes. Even we saw that Bitcoin is growing and the price really impressing almost everyone. I understand that we are mostly thinking positively the same thing I did but this can never save Bitcoin if ever it will collapse one day, we never know right? But for now, it was just seeing great and we look forward to it as it looks more better than today.

Bitcoin can reach $200K and can also drop below $20K if volatility is taken into account. Bear in mind that we will be faced with one of the big news this year where Mtgox might distribute bitcoins to holders, this will affect the price and huge volatility will probably occur as people will be eager to take profits after so long wanting to get those bitcoins back.

I wouldn't put other people's analysis up front when it comes to investing because I'm sure they don't do it as financial advice. Being overly optimistic isn't good either, but we shouldn't be too pessimistic about how the bitcoin price could reach $100K or more.

Information about this process is not entirely clear, nor is it known when the payments will start and in what way. According to some information, the payments could be in fiat and not in BTC, which means that the effect on the crypto market will be zero - and even if the payments are in BTC, not all will be processed at the same time, nor will everyone decide to sell. The 140 000 BTC in question will certainly not be sold in its entirety, and some will certainly go through the OTC - which means that no fear is justified.

I would prefer them to distribute fiat as payment rather than send bitcoins partially. Fiat payment schemes will not affect the market, that's for sure but if the payment are in bitcoin then I believe the market will probably experience a correction regardless of how the distribution is done ^{[partially or otherwise].}

In addition, I believe that increasingly visible payment information can be used by people to create FUDs that can influence the market. A correction will occur, but we will definitely get through it right.

It's better to see the market in a more practical and balanced way rather than overrated or underrated since it does not help at all. But i would say, with regards to the market's condition at the present, bitcoin will certainly not collapse, rather it will grow and increase its value as soon as the market gets back to normal. I can say its a normal thing to see crypto prices in dump whenever a correction or bear season hits the market. Just stay calm and patient. This situation will eventually change when the market recovers.

That is why I don't argue with people whether they say it collapse or not. Practically, we all have different opinions and market insights but it was common to hear people talking positively and very optimistic about the future rather than hearing negative. And it found to be possibly right, Bitcoin will soon become matured enough and be considered as a legal tender globally but can't just put aside as well that it can have its end when new discovery/technology comes.

I still agree with people when they say it will collapse. It is as if they are cursing to the main thing I believe in this life. Crypto is something I care about a lot, and I know that I should not be forcing other people to think the way I think and they have a free speech as well, so when they say they do not believe it and it will crash, I should be understanding of that or at least even if I disagree, just do not try to argue with them.

However there is also the fact that if I say I disagree with them, it is my own free speech as well, so maybe I am doing something fine and not a big problem. At the end of the day there is nothing wrong with being in crypto, and if anyone tries to scare you away, just tell them it is their own idea and they should not make you leave by trying to convince you, let them tell their own idea on what they believe in and not focus on trying to change your own mind.

And I agree with this view as well, what you can buy with gold has gone up as times has passed, and while technological advancement had a lot to do with it as well, after all you cannot buy something that does not exist, the fact is that what you can buy with gold and its quality has gone up tells us that gold has appreciated in value for thousands of years.

And something similar is going to happen with bitcoin, which means that someone that thinks they have a small amount of bitcoin right now is not really looking at the long term potential of his small holdings, as in the future those very same holdings could become extremely valuable.

Both sides are expected when it comes to crypto concerns. There are those crypto haters and eventually crypto lovers. And i would say that bitcoin saying that it will soon to collapse is also their own personal view and we cannot change it. But for us, who are always on the positive side of bitcoin because we know how high its potentials, we opt to correct it. Bitcoin has definitely made successive achievements so its definitely heading into a more mature one rather than seeing it collapsing in one day. Bitcoin is growing and will always be in the years to follow.

Tom Lee is the same person who predicted a very high price for Bitcoin (can't remember when) years ago and its obvious that it didn't happen.
Whether they are analysts or an advisor or an economics teacher, still they don't know what will happen in the future therefore these are just pure speculations.

With regards to the 2 sides, its either the analysts are correct or the economists/professors are correct. I'm bullish when it comes to Bitcoin but I know that it will be a bumpy road. I see Bitcoin to rise to 6 digits in the next 1-2 years (own speculation) and that's how bullish I am but who knows what will happen. Maybe we see Bitcoin going up higher in the next weeks or we might see the opposite and it goes down (like what is happening right now).

The history of Bitcoin says that it is going to mature day by day. Concerned neo-hippies and crypto analysts express in the same way. So it will not be a disaster but will get more maturity in the coming days. Though there are few people who are making negative in the market by confusing their fraud thoughts.

I love the difference in mood between when Bitcoin rallied to $40K the first time and how it's sitting above it now with people talking about a collapse.  I think Bitcoin will obviously continue to mature.  Just look at the news.  Billions of dollars are being poured into Bitcoin mining alone.  Not to mention the money being invested in development and for fund management purposes.  We'll have to wait and see if there's still a bubble to be had before this cycle calls an end, but it definitely seems like we're on the cusp of either a bubble reforming, or a slow crash back down below $30K.  Either way, I would advise folks destined to hold through the crash to find themselves some investment income so they can come out stronger on the other side.

We did really come into a point specially into those early years that having that impression that bitcoin is a bubble specially the volatility involves on it specially on the time that we did really make out that crash wayback on 2018 and other older years basing up on history which is a very common impression which cant really be blamed off but now that bitcoins price had established and the support and recognition had become more stronger and better then we could really say that we are really going on that maturity and this isnt something that we cant really stop nor get rid off
because we are really heading there on where recognition is increasing.

Didn't we just passed on a bitcoin bull run? Why wait again if there's a bull run that just ended? There's fact in what you say, there's a possibility that in the future most of the alts will be lesser and they're all reliant to bitcoin and that's for sure.
No matter how many altcoin projects are in development and they're good at it, still, many investors will look up to bitcoin because it's the main market maker.

I actually disagree with the statement that no one knows.

I think that with the current trajectory of where things are, most people would agree based off of consensus that BTC and all blockchain technologies will continue to mature into the future where there will be massive governmental and institutional adoption.

The question really lies with the scale and extent of this happening - exactly how long will this take as well. Profits are not guaranteed but I think progress will be.

There is no doubt that Bitcoin is becoming more and more mature, and that process of maturation did have to undergo several price drops.
We should all learn from the history of Bitcoin's movement, which is not the first time that Bitcoin's price has fallen so deep, even what is
happening now is not the worst. So no need to worry about what is happening to the Bitcoin price now, we do have to be patient if we want
to make a profit from Bitcoin. Don't be influenced by the circulating FUD, we must have faith that the future of Bitcoin is very bright and
keep positive thinking. Therefore we should just hold the Bitcoin that we have until the market recovers, we will get profit from Bitcoin
if we do that.

Right indeed. There's no reason why bitcoin will collapse at the present or in the future as its even gaining higher value every year. The current dump is part of the cycle and its always expected after reaching an all time high or before reaching its new peak. I guess those who believed that bitcoin will collapse are more focus on the current events without even knowing that this has happened a lot of times in the past years but still, bitcoin withstand it all and is even seen in a much higher value after a long dump.

Maybe he wants to make a profit from the next bull run and not feel satisfied with the last bull run. We should admit that the bull run can be over right now and we need to wait for some time to see the next bull run. As the price is down a lot from a few days ago, we should be ready if somehow, the price will still go down from this time. But bitcoin will have another bull run in the future and so do with altcoin will have altcoin season so instead of just waiting for the next bull run, we can use this time to buy any coins that have the opportunity to increase later.

Collapsing will never happen , Maturing ? of course it does already for 12 years now? or 13 i guess and this is really getting mature each year.

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When things happen that some huge dump comes and yes this will still survive like what had happened in 2020 , so there are more to come for Bitcoin and it will never loss the support from the user and supporter .

In my opinion, bitcoin will mature in the future. Although recently the price of bitcoin had fallen to its lowest level, and bitcoin is still not able to return to its record high level. Every difficulty experienced by bitcoin, not a few investors are at stake so that bitcoin does not collapse in the long term. However, despite the still volatile bitcoin price and the potential for bitcoin to fall in the future is still possible, I remain optimistic that the prospects for bitcoin in the future are still quite good.

If the time has come that Bitcoin will become mature, what next? That is probably a big question and I may think then about dying. yet, it can be really possible with this market, that even fiat is almost replaced by digital currencies and this crypto will possibly replace by another one, who knows?

It is either going to collapse or get mature, we are not sure of anything in the future but what I foresee in Bitcoin is that it will stay long, not forever. 

He said that he's still waiting for it, he missed it because it's already happened. But if he's going to analyze it, starting from 2020 up to this time, bitcoin has increased a lot. Just a span of less than a year, still, bitcoin has made significant gain. Whether to admit the bull run is done or not, the price of bitcoin is considerably good no matter how low it may go. And people who are thinking about collapsing, they're out of their minds and that's completely out of this world if it's about the idea of happening to bitcoin.

There are some people who confuse the situation of a crash and a drop versus collapse. Crash is when the price goes down 50% or so, it needs to be huge, it needs to really disturb the market and we had that in 2021 when price moved from 64k to under 30k at some point and we recovered after that but still it happened.

Correction or drop is when the price goes lower like this, it is only like 10%, you could say 15% or even 20% and it will still not be a huge deal. Whereas collapse is when the price really goes down a lot, like I mean really a lot and that is when we are talking about something that is dangerously low, like maybe even zero which will never happen if you ask me. This is why I believe people should learn the difference between them.

I like to refer to everyone in this space who makes a prediction or the other at best as Crypto Speculator. Crypto is highly a speculative industry. There are no experts. I get your point, however.

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On Bitcoin, anyone who is thinking of a collapse happening to Bitcoin at a maturing stage like it's now doesn't truly know the tech. Bitcoin has come to stay. That's the simple message.

I hope that can happen before March this year so we do not have to wait for a long time to get back to make a profit. But if everything is not happening as predicted, we do not have to feel sad but still try to survive and make a profit using any possible way. I still want to accumulate more bitcoin because the price is down too deep and I think that it can get down for more. But I do not want to buy at once instead of spread my order buy at many level price so that will help me sell some of the price increases later.

Though every now and then there are articles indicating crypto negative growth, we can see the growth of investors getting into crypto platform with huge investments which supports Bitcoin's massive growth. Besides markets fluctuations, investors are confident on its growth and revenue from it. I would say, Bitcoin is maturing day by day. Wish in few years down the line govts steps out from their circle and adopts Bitcoin. Hope few govts have already done it so. 

With the situation I am seeing, it's bound to lose further value in the upcoming days/weeks. The whole economic situation isn't too promising, everything is going through recession, while Covid isn't helping at all. From my point of view, March may sound too optimistic, however, I also anticipate that the entire situation will have improved by then, providing that nothing unexpected appears, such as a new Covid-19 variant.

It's quite sad seeing our money depreciating, but hopefully it will get better soon.

But we all know all these things are just temporary, right? So we cannot say that bitcoin is going to collapse just because of its downward price movement, because this is part of the market life cycle. And when this bearish season will certainly be over, i think bullish season will be the next to appear. By that time, we can see bitcoin gaining its high value and has even more chances to reach higher peaks that time. And for altcoins, if bitcoin will turn bullish, that will also bring a huge positive impact on the market which will create positive prices for altcoins too.

The current conditions give us the opportunity to buy some bitcoins, and actually we expect bitcoins to drop even more, to make purchases, but I don't believe in the future bitcoin will fall too sharply at subpar prices, considering as I said before, In March bitcoin will reach its maximum price. Whatever happens, at least we can take big profits from this investment, otherwise, any condition will not affect our investment.

Depends on what you call as temporary. Three years passed for Bitcoin to recover after the 2017 crash. On the other hand, I get your point, it eventually recovered and that's what it matters. However, plenty of people, including myself, got disappointed and abandoned Bitcoin all together. Fortunately, I left my wallet untouched, and didn't sell any, on the one hand, I completely abandoned hope, but on the other one, there was a little bit of hope that it will eventually recover.

Particularly, I don't mind waiting, I'm patient enough, while aiming for long term, but a vast amount of people don't survive such crashes.

Why is it highly recommended to learn about Bitcoin before deciding to invest, so that at least we don't panic if we see the current Bitcoin price drop.
It is true that Bitcoin has repeatedly experienced deep price declines, until I do not remember how many times Bitcoin has decreased in price.
What is certain is that every year the price decreases, and what's interesting is that Bitcoin will also go higher after the price has fallen deep enough.
Knowing this fact, we should not hesitate to buy Bitcoin now, which is now quite low Bitcoin price, so now is a good time if we want to buy Bitcoin.
I'm also sure that only newbies and ignorant people are selling Bitcoin at the current price, because if we already know Bitcoin well, it is impossible
to sell the Bitcoin we have today. My prediction is Bitcoin this year will be better than 2021, and the target of $100k is likely to be achieved this year.

But remember that everytime is a best opportunity to buy because we don't know when bitcoin will increase or decrease but of course this lowering moment is the best chance to accumulate more crypto , but remember that don't wait for too much dump because you might be late for the chance to buy and profit when the pump happens.
though this year is questionable for me if the rise will continue or the dropping will take over but one thing we are sure that bitcoin will never collapse instead maturity will happen from year after year as long as we are here to buy, support and use crypto as what this is made and that is for circulation and transacting.

Even though I am a long term holder, I still try to keep it a bit more on the side of caution as long as I could, like I do try to buy it when the dropping stops if there is a drop, I would buy today, but not like first 5 days of the year when it was still dropping. All in all long term investment is easy, you just buy and forget.

The part where you buy low is the hard part, in long term we do not care about it but in short term you buy low or you buy at a price when you think it is low and it could still go lower. This is why people use DCA, dollar cost averaging, you could still buy more and more in the long run and keep dropping your purchasing price so you could profit better.

In the newspaper or online media, we already see a new variant of Covid-19 such as Omicron or else (I forget the name) which still attack people in some countries. But hopefully, the impact will not be too big like the previous variant because we already get vaccinated and will get a booster to support our immune. So hopefully, that will not impact too much with the economy of many countries. We need to be optimistic that crypto can help us survive by making money.

Yes, we already had that chance before and if we can buy bitcoin a few hours ago, we can sell it now and make a decent profit. It will help us make money and repeat the process to make more money. But we can also just invest by holding the bitcoin and not sell it in the short term if the price does not jump to the very highest price.

What happens is that people are trying to use stock market standards in the market of cryptocurrencies without taking into account this market is way more volatile.

For example if there was a 10% drop in the stock market in a single day it would be a news that will reach every single corner of the world in a heartbeat, however bitcoin going down that much in a single day is barely worth to worry over it for those that have been in this market for a long time and have seen bitcoin moving like that over and over again.

When stocks/forex drops down 10% in a day then it would really make out some significant noise since this one isnt something that you could see on a low volatile market and if you do compare out

on bitcoin or crypto space on which there's some 30-50% drop then for sure it would make out some noise too.You should really be considerate on what numbers you are trying out to compare.
Speaking of collapse or maturity then we arent blind on not to see about adoption is getting bigger.

Lots of companies and personalities now are aware but not on full scale but we are really heading there.

The use of the term collapse here is somewhat strong for btc.
You are right that here in this market, we have seen countless times of up and down movement.
With more than a decade of existence in the market, I believe we are heading more in the maturity side rather than the collapse situation.
Just consider the companies and merchants that are already in this market. And day by day, the users are increasing in number.
We may see the up and down movement, which is pretty normal, but collapse? I don't think so.

In my opinion, bitcoin will mature in the future. although recently bitcoin continues to experience a price correction of 5%-10%, but I believe and believe that in the future bitcoin will continue to record the highest price again. not only that, if in the future bitcoin matures and there is an increase in value, usefulness, lifespan and trustworthiness, its behavior will not be like stocks. Bitcoin will be more like gold as a store of value.

That is basically just people trying to get attention basically. When you watched a movie and checked the reviews, let's assume you just found it okay, it is not a horrible movie, it is not the best movie, it is decent, you could see it getting to like 100-200 million dollars box office range, which doesn't say much but at least it is not horrible. Whenever you check reviews for those, you will see that some people would say it is a Cult and it will be understood years later, and some people will say it is a horrible movie and you should never go see it and "waste your money" for it.

This is the same thing, if people write "meh, it will be fine, not a big drop" then nobody would read it or talk to you or reply to you, but if you say it is a collapse and a horrible situation we are in, as if we are 10k right now, then people will react to you.

Not everyone is sure of the future of bitcoin, whether it will collapse or mature further. Some experts even argue that bitcoin may lose its value someday. But I see in the future bitcoin will be more mature and bitcoin price will continue to be stable if widely supported by the government.

not only that friends, now we have entered the digital era and I believe bitcoin will mature because I believe bitcoin will also be used in the metavers project. I am very confident!

I don't think Bitcoin  doesn't collapses even though the price goes down a lot. If we look at the previous price of Bitcoin, it is still higher. As the passing of days, Bitcoin will also rise up. This is as usual. Because the demand will increase day by day but bitcoins are limited.

Bitcoin does often experience a decline in price, but it does not make Bitcoin collapse. Because no matter how deep the Bitcoin price declines,
the Bitcoin price can always recover and rise even higher. This means that the decline in the price of Bitcoin makes Bitcoin more mature, so there is
no need to panic if we see the market is experiencing a price decline. After all, Bitcoin has experienced a deeper dump before than it is now,
then we have to believe Bitcoin can recover soon and the price can go up again. If we look at the increasing demand for Bitcoin, I believe Bitcoin
this year will again break new records by reaching new ATH. Even Bitcoin is better than other assets, so investing in Bitcoin will indeed provide
many benefits. So there is no need to doubt the future of Bitcoin, for those who have confidence in the future of Bitcoin, it will generate large profits
from Bitcoin.

By looking at the current strength of bitcoin, I think bitcoin is getting stronger by the day. and by looking at the enthusiasm of the community, especially young people, with the large number of investing in the crypto world, specifically bitcoin, it is an important thing in bitcoin's future growth. as long as countries don't mess with bitcoin, I'm sure bitcoin will be great.

I am very optimistic that bitcoin will become stronger than it was before and the community of bitcoin will are a true believer of this platform and that was make the platform even stronger. And to be honest the community is the reason why the bitcoin is a mature platform and I can say that bitcoin will not going to collapse that easily because the community is the support system that make it stronger. Bitcoin will continue to grow and be great and the community is the reason why the market will continue to grow and make it stronger.

For my own view, it will definitely mature.

To those guys that said it doesn't have a value so as the fiat. Nothing actually
backs our currency whether it is fiat or digital currencies aside from trust of
the people who are using those assets.

Actually, in overall view nothing in the world has a value. Something will only have its value if people use it and trust it.
so those 2 guys who said bitcoin doesn't have a value doesn't matter at all because majority of
people exposed in digital currencies trust and believes that Bitcoin has a value.

Nobody needs to explain to those 2 guys what is Bitcoin at all. let them be like that.

It's wiser to avoid some speculation the year is still too young. We all expect a massive turn up for Bitcoin this year but having such a high hope could be too risky if that would be a criteria for investment. It's too obvious Bitcoin will definitely get matured again but using it as a speculation to invest could be detrimental seeing how high price has gone in the last year

That's my point as well, I'm not paying attention to any kind of speculation, it's not worth it and in the end, they might even cloud your judgement. I'm not dissatisfied with Bitcoin's price, even now, it's still higher than it was last year, I can still make profit despite the lower prices. Price volatility is a common thing, expecting it to always rise is wrong and in my opinion, pointless.

Really pointless indeed on being a fan on listening out others calls in terms of price prediction on which the fact you could really make your own and wont tend to listen out on others speculation.

Collapse or mature it doesnt matter because if we do look upon on the current state of Bitcoin it is really progressive and the recognition that it gets do really make out
improvement and we cant really deny that.

For now lets just see on how far it would go.

It is progressing but failing to break the resistance and more preciously we can say that current bitcoin market is into sideways movement between support levels around $41k levels and resistance around $45k levels. This might lead the market to have similar up and down for 2 more times as well before we are seeing any significant progress. But, the good thing is, usually after a sideways movement do progress in upside.

So, we can assume that bitcoin market is not going to collapse both in long run and in short run. We may or may not have bullish trend this year but we will not have another 80% bearish market this time for sure.

Well we can give our own speculation, but don't expect too much so that we will not be disappointed in the end. Just like last year when everyone is talking about a $100,000 price at the end of 2021 which didn't happen.

So this year, let's say we have our own conservative estimates, but not too high that it will not be hit because of the current market conditions.

Bitcoin will become mature soon, but I'd never think it collapses, that is probably its destiny. Once we hit the peak of its adoption, that will be the time we called it matured enough. However, people will still give value to Bitcoin as it was important to our life, it can be obvious, and we still consider this as a money generator than being a currency.
In fact, as we can see in the market situation, it is on the way to growing and gaining more resistance. The more we got this thing, the more we get confidence that this will have a fortune but as you've said, never expect much. Yeah, eventually right.

Resistance has been built at the $40.000 mark, I don't believe it crash any further than that. Thus, chances are that we'll experience some time of bear market, staying relatively stable, within $40k-45k level, it has stayed there for quite some time now. To be honest, as it has been mentioned before, I don't really mind, we have a long way ahead of us, at least, for those who are patient enough.

Bitcoin holders maintain good patience than anyone else. In this regard people are highly positive about the market. In all means we need to have comparison with the previous years of movement. Over the years after a big rise there used to be stabilized move. At times this has resulted in bear market. Even this time same is the expectation. Going through the forum itself it is clear, as the market is in bearish move people never talk about the ATH. For this all that is being discussed is the market to reach $45k.

The green we are seeing right now could be a dead cat bouncing as well, we should always be careful about it. I mean it doesn't mean that it will not be impossible for us to go up, it could very well happen but we just need to be careful. So, maybe it is a big increase that helps everyone out and we will not be going any lower at all, or maybe it will be something much worse and it will go down a lot and this was just a fake out.

We will never know this before it happens, many people will try to predict it but they will always fail to do so 100% all the time, some people will be right sometimes and wrong other times so we just need to face the fact that all possibilities are in fact are possible. Doesn't mean that it will not be available for any of us to take a stand accordingly, it usually goes up in the long run so buying never really hurts.

Built what ? all i can see that the price has been rejected to move up the entire week now. it could possibly at the current price range for a couple months or a flash drop incoming in no time. beware of the crash scenario as when it happened .... nobody can prevent it , the people power! the FUD are everywhere around us.

drop to 39k and back to 43k .. that is my current price range and the first wave of crash could bring us down to 30k overnight!

Well, I don't even feel how bad it is but seeing the market is in the uptrend motion, I then being positive that it even move high than of yesterday rather than thinking it drops again. Of course, we can't ignore those possibilities as we never what will happen next and also the mindset of other people as if they sell their coins, that could be a huge impact on the trend. But, I'd rather not to think it hard, I'm thinking it in the opposite way as many people now are committed to holding than being a panic seller.

In my opinion, the recent bitcoin price correction in the market is a possible phenomenon. However, this does not mean that bitcoin will collapse. Granted, bitcoin's performance last year is no guarantee it will be the same in the future, but that's what bullish investors tend to hold on to when they advocate for long-term Bitcoin holdings. A drop of more than 30% from a month's high is certainly undermining Bitcoin's prospects going forward. but I see, in the future bitcoin will be more mature and the bitcoin market will be bullish again.

Right, I thought that we will get over $40k or at least touch it because the price seems to be heading on the $38k-$39k, but too much mental barrier I guess. The price then descendent to $35k-$36k.

So we will see what will happen in the weekends, I do hope that it will just maintain the price and no more downturn. At least a good $37k is not that bad at the end of this week or this month. And then we look forward again in February to break $40k.

Basing up on observation on the market for how many years then drops could really be almost instant or on fast pace but whenever we do really consider or do  talk
about recovery then it would surely takes time and wont really be that a smooth sail ride on touching up those numbers considering that there would really be resistances
above which would be a selling point specially to those who do short trades which it wouldnt really be easy to see recovery on big percentages but there are instances
on which we do really see these kind of conditions but the most common one is on what we are seeing now.

Well, perhaps...it's all been a normal trend, nothing it becomes special to what we have now. In fact, the market turns back high now, it keeps going as for sure and this is stopping people thinking about it collapse ( as usually, it happens).

Anyhow, I going to agree that Bitcoin will soon get mature as the adoption keeps growing but talking about it collapsing someday, that gonna be different and certainly have another reason not because of the declines.

I still believe and remain optimistic that bitcoin will remain strong and so far the bitcoin community is still doing well so people still believe that the bitcoin platform can still be trusted by the public.
As long as people still believe in bitcoin, bitcoin will continue to grow and develop no matter what circumstances shake the current bitcoin price.

It is not the bitcoin itself but its us or the community rather . if we are strong , bitcoin can also feel the same.
Right now, we are in the situation where btc is crashing and it so sad that a portion of the community looses their hope already by selling their precious bitcoins. They sell it for cash or the things they want and what is worst is they buy coins that I can say not really important, just because they see those coins are now doing well but that can only be temporary. Bitcoin does collapse but it rebuilds again in a much stronger and better version of it self, that makes bitcoin to become matured when compared to the other cryptocurrencies.

Those that losses hope in btc is not a true believer, maybe they are just in to make money during a bull run. But when things goes to worst, some of them exited and maybe shift their money to shitcoins (worst decision).

But for those who decided to remain, for sure we will be rewarded soon, it might take years before we might see a good profit though. However, it's time to accumulate again and then just hold, simple formula and yet very effective.

Depends on the period we are talking about. Nobody really knows if it will collapse or mature in the short run, it could both collapse or it could mature in the short period, like from today to next 3-6 months. However, if we are talking about years and years down the road then we are definitely going to see it mature in the long run.

I just never even imagine a possible world where bitcoin is not going up in the long run, today is cheaper than 10 years later, and 10 years later is cheaper than 20 years later, and 20 ye.. well you got the idea. So that is why I always keep on buying more and more, bought under 10k, bought over 60k, doesn't matter what the price is, if I have some saved aside, I will always buy bitcoin.

I'm mostly referring to long-term, not much use to talk about what's going to happen in the next upcoming months, it might go down, like it's occurring now, but that's not much of an issue to me. If we're patient enough, I'm certain that our patience will pay off, if not soon, it will happen in the upcoming years.

Currently, we're seeing a lot of ups and downs throughout the market, which is definitely worrying, especially when you're seeing your coins' value slowly disappear, but with correct management, we'll get through it without any losses.

What you say is true, only those who don't believe in it so they switch to other altcoins so they just leave bitcoin alone.
They just want to feel the other benefits of shitcoin even though the market is in bull rum without them thinking that the value of shitcoin won't last long either.
But I myself still choose to stay calm and persevere and not switch to shitcoins.

Bitcoin will never collapse that is one thing I'm sure or not in our lifetime now at least.

Mature? have not you seen this happening ? for 13 years now we can finally say that Bitcoin is mature already and has constant maturity happens.

in years to come as bitcoin getting older? this will bring more progress and relief to all who believes and trust this coin.

This phase of the bitcoin price correction in the past month has fueled concerns that the bitcoin price spike may be running out of momentum. However, if we look at the bitcoin price momentum last year, Bitcoin price has more than quadrupled throughout 2021. Therefore, I think that bitcoin will mature more going forward as more institutional investors adopt bitcoin.

People should really be thinking off this way on which the price is much more better compared on last years.Take a look on bigger picture and you would really appreciate on how this market had matured enough

even though full recognition isnt still there yet but we are really heading there but it wouldnt be a smooth sail ride and people should really be thinking this way.

Lets just appreciate on what we are seeing now and move according into the current situation and make advantage for you to make profits.

for 13 years now what can you say? does bitcoin shows collapsing ? or instead becoming maturity lol.

Bitcoin will run up to be more and more mature , remember that crypto is now supported by people around the globe and the popularity is showing how strong this currency is .