Bitcoin Forum

Hi. I'm a newbie and I'm just learning about this topic. There are many questions that I would like to understand, maybe this one has already been discussed, but I didn't find the thread, sorry. How reliable is Bitcoin, what will it be if someone will generate a new blockchain or another digital currency, will it make bitcoin fall down, and how fast?

Many people have already done so. That's very easy. Currently, there are many other cryptocurrencies (called altcoin), but none of them have been able to compete with bitcoin.
None of the altcoins have been able to provide the security and the decentralization bitcoin gives us.
Just go to coinmarketcap.com (http://coinmarketcap.com) and see how many coins/tokens have been already created.

New and new cryptocurrencies are literally made by the hour. It's just that most cryptocurrencies created today are pretty much like pseudo-equity. Bitcoin pretty much won the currency/SoV category, and every cryptocurrency that tried to beat bitcoin in that category has failed.

On Coinmarketcap, there are over 21600 altcoins, yet bitcoin increased in value as the adoption continues. The most decentralized coin that is best free of manipulation is bitcoin. Just that you do not have to buy during wrong time when its price has significantly reached higher price, but best to buy and hold it after a significant bear market. Luckily bitcoin price has dropped significantly, and good to buy if you want to hold for many months or years.

It's been almost 10 years that bitcoin can't be dropped by a new coin or any other coin. It's become one of the most secure coins and blockchains among those who came or the old one, so bitcoin has nothing to match them, they are still at the top no 1 .

I don't think altcoins with their blockchain are great, they always have vulnerabilities and also the price of coins that are often thrown away, even I don't dare to store altcoins for long or this new coin is too risky for me to experience so I avoid holding altcoins long term.

Have you take your time to discover what it takes to invent something new, have you even read about the history on digital currency and know how many people have previously work on it that all avail to nothing, bitcoin is in for now and will everly be recognized being a currency and an asset for a store of value, and if something new is to come in thereafter bitcoin then I don't think it's at this present generation and we've not seen any move or attempt from any body yet coming with something new, but always consider the magnitude of required efforts, years and research needed to come up with something new, for now bitcoin is the only one invoke and no other.

Well, very reliable and secure; borderless too, op if you are new to the Bitcoin network and you are worried about some other crypto coming out and causing Bitcoin to fall, then you actually have nothing to worry about, quite a lot of crypto's have been made since the creation of Bitcoin and most of them have just being a waste of time, even the government have got in on the act with their own digital currencies ;D (CBDC). The thing is that Bitcoin offers what they can't, and it has an actual utility, something that most altcoins do not have.

There are 9296 coins listed on Coinmarketcap (https://coinmarketcap.com/). You can see the figure at bottom of Coinmarketcap table and it is a huge figure. Only one Bitcoin, others are altcoins and you must know there are more coins or tokens are not listed on Coinmarketcap.

In addition, there are so many of altcoins are Bitcoin forks. How Many Bitcoin Forks Are There? You will be surprised!!! (https://bitcointalk.org/index.php?topic=5221882.0).

What do you see from Bitcoin forks? Do they succeed more than Bitcoin or do they kill Bitcoin?

True, 93 pages with 100 coins on each, which does not correspond to the number of 21 612 cryptos, but for some reason not all of them are listed, maybe because they are not worth anything?

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Bitcoin has been around since early 2009, but for some, that's still too short a time to believe it will survive. There are a lot of people who believe in the new crypto king, not because Bitcoin is not good enough, but because they think they missed the opportunity to buy Bitcoin cheap and become rich. Unfortunately for all of them, Bitcoin is the only truly decentralized cryptocurrency that makes sense, everything else is more or less just bad copies, and it doesn't even help that they have the word Bitcoin in their name.

Its been a while where other devs had been trying out to make a better blockchain tech and its utilities which it cant really be denied.If you do look around and see into those top 10 ranking on the entire market

then you could definitely able to say that their features is much too far off with Bitcoin but still why Bitcoin did remain as #1? Because its simply its the king or father of all crypto.

Its the origin which it cant really be just simply ignore into something who had copied the general idea when it comes to decentralization, and also the fact that
Bitcoin utility is sufficient enough for making people stay and maintain its demand.

You just have to check one of the several websites which already track the different coins we have in the market and you will see that we have many different altcoins appearing daily and yet the price of bitcoin is not affected.

And if you think about you will see why things are this way, those coins are just another asset in this market, and even if they are good they will not necessarily take money away from bitcoin, this is similar to what we see in the stock market in which a stock will not go down in price just because another powerful company emerged, so you do not have to worry about something like that at all.

No one has a crystal ball, so one one can predict Bitcoin price how fast it will fall down, how fast it will rise, how long it can stay on x price etc etc. If you're looking to bought Bitcoin at the cheapest price and you will keep waiting until now, I advice don't do that since you wouldn't know when it will happen. It's better if you start DCA-ing Bitcoin right now to 2023, so you can bought Bitcoin at the cheap price.

Did you mean secure? (as opposed to reliable?), I guess it mostly secure, it's just how you manage your bitcoin, how you keep it so that you are not giving any chance for a hacker to steal your very own BTC. And Bitcoin blockchain hasn't been broken yet.

Regarding your second question, we can't really tell how fast bitcoin goes down, specially in the current market that we are in. But the basic is that it is base on supply and demand, so if there are more people wanting to buy then the price will go up, same on how it will go down.

If you say you can't find the thread and it's related to Bitcoin, then you haven't looked for it on this forum, because anyone can use the Search button in the top right column if you want to find something, including Bitcoin.

There have been many new Blockchains created by different people and running until now, but all of these Blockchains have not been able to match the strength of the Blockchain from Bitcoin and also have not been able to displace Bitcoin from the top as the world's best digital currency that can still be owned by everyone until now. . And speaking of reliability, it is clear that Bitcoin is still very reliable with proof that it still survives and is increasingly valuable in the eyes of many people today.

And if you want to know more about what Bitcoin is, now try accessing investopedia.com (https://www.investopedia.com/terms/b/bitcoin.asp) to find out what Bitcoin is and also several other websites that are well known and trusted in presenting every news and article.

If BTC falls down then it will definitely take a long time. You can see the marketcap of the coin. This proves the popularity and trading volume of the coin. Moreover regarding the new coins, then there are plenty of coins already in the market. Forget about overtaking, there aren’t any coins which are even half price that of Bitcoins. So OP if you are thinking to invest in Bitcoins, then this is the right time to do it so. Currently Bitcoins are listed in the cheap possible price. So buy as many coins as you can.

These are basic questions that I think a newbie like you should thoroughly research before deciding to invest in bitcoin. It is very difficult to fully explain what you are asking, everyone's answers are all correct but it's not complete and detailed. I think these basic questions and information you can find anywhere on the internet, try searching them on google. I believe you will find a complete and detailed answer.

Look at the coinmarketcap. You would see thousands of blockchain projects. Many projects have come and washed out from the market till now but bitcoin always remains number one. There is a reason BTC is called the father of all cryptocurrencies. If there is one true decentralized cryptocurrency in the market that is bitcoin. So it will be better for you to learn about bitcoin before comparing it with another blockchain. 

All the new blockchains just came with the solution to some limitations bitcoin has. Most of them is just some hybrid version of bitcoin which means they are not totally unique.

I think your question is a straight forward question but because you don't understand what you are asking of that is why you didn't know how to put the question. You can simply ask if a new blockchain is created will it affect bitcoin to drop? And the answer is no. Like many have responded, there are blockchains already existing and this has no effect on bitcoin. Altcoins have existed and some try to dublicate bitcoin but it has no effect against bitcoin.

Thousands of altcoins created already with the objective to bury BTC. None of them succeed and evidently, it shows on the rank sites.

But if you mean how fast it could fall during a bear market, it's gradual but you should assume fast like -5 to 10% when you see the price goes its ATH. You better be the first to sell or lose potential profit by thousands.

As far as I am in the crypto world, no other blockchain can surpass bitcoin. What that means is, they may compete but ultimately cannot beat the dominance of bitcoin which is not only used as an investment and trading asset. On the other hand, you should know that bitcoin is a currency that you can spend legally in any country that has legalized it, that is something that has made bitcoin always ahead of other blockchain so far.

The price of bitcoin falls or rises not because of other blockchain, but it depends on a lot of things that have been talked about over and over again. You need to read a lot about what affects prices, there is a lot of information you can find with specific keywords. Fluctuation is something that is always there, so it is not due to competition between blockchain.

There are numerous altcoins and most of the altcoins creators are bitcoiners who are looking for ways to increase their portfolio and come to reinvest in bitcoin.  It is just like living in your Father's house and rent your personal room out and be collecting rent. And the question is how fast will your personal tenant in your room turn to be the land lord of the whole building of your father.

It's quite reliable, without you realizing its reliability has attracted your attention here.

So far there hasn't been, so I can't imagine it. If in the future there is a new blockchain that may be improved or better than bitcoin, then it is possible that the price of bitcoin will down. Bitcoin is in fact unbeaten to date and it will continue to be the world's first with all its innovations.

My question; Are you in doubt about the future of bitcoin?

No, bitcoin is too big to fall at this point. And you give you a history, back in 2017, there were attempts to topple bitcoin at top by Ethereum backers and they call it "the Flippening", and then it followed by Ripple, "the Rippening", again it failed. And as far as I know, that the only time that Bitcoin has been threaten, nevertheless it still got the support and the consensus of the community. So much more that we went as high as $69k at the latest all time high while other altcoin who challenge it remain less than $10k.

This forum (Bitcointalk.org) and this site Bitcoin.org (https://bitcoin.org/en/) will give you a beautiful insight into Bitcoin.
Just explore and understand Bitcoin and for sure you'll amaze by the beauty of the Bitcoin blockchain network.  The Bitcoin protocol can't be changed but it's open-source code that everyone can verify it.

yeah , while he was in here instead of asking such bad thing why not explore more for His own clarification , Fall Down ? when we are in greening market now , this is truly another FUD to tell and people really love posting opposite to what is the real situation.
now crossing 21k and still climbing , it is indeed a growing status that we usually see in November time to December.

There are already thousands of copies out there and seeing as Bitcoin still stands at the top, I think that answers your question of whether it'll be replaced or not, at least in the next few years. And even if Bitcoin does fall due to some new coin, it wouldn't be a sudden fall, you'd obviously be able to see signs of it, and considering how well Bitcoin works right now, I reckon anything that will replace it would be a LOT better, which should be obvious if you study up on it.

But anw, coins have had years trying to fight Bitcoin, there have been some coins that seemed to have grown well, but ultimately Bitcoin still beat them for the top spot. If you can't trust what Bitcoin is and what its history dictates, then I don't really know what you can rely on for your judgement.

For newbies to start, they should all know that Bitcoin can go and and fall down very fast compared to traditional stock markets. But if its not in halving period (you can google what halving is) prices are generally far more stable. For example for months Bitcoin sat around 20000 this year. Bitcoin is very cool option to trade because of these fast movements, nothing compared to it can leave that much profit so quickly.

maybe he is more interested in the downfall side because growth is always the target of investors not knowing or being aware of the bad side and when the fall happens they are coming to blame the market .
Good for OP to seek about the answer in the fall down , so if the growth comes he is more ready than any of us.

Have you looked at the history of bitcoin from 2009 to the present as a whole, there you will find how reliable Bitcoin is. Bitcoin's journey can never be hidden, because that history can be found anywhere for now.
Although many people hate and oppose Bitcoin.

What kind of results do you expect?
Bitcoin will not be affected by the existence of blockchain or other digital currencies, so far many coins are listed or not, you can check here Coinmarketcap (https://coinmarketcap.com/) however bitcoin does not follow its path, meaning that it is not bitcoin that is affected, but crypto or other digital currency that follows the Bitcoin scheme.

There will never be a fall for Bitcoin for this reason and even for other reasons, Bitcoin has become so perfect today as the King of cryptocurrencies and you will never find a capitalization of a trillion dollars in 10 years for any coin other than bitcoin.
Bitcoin is simply amazing and not even a single other coin has been able to do or surpass what Bitcoin does.

It can be said that bitcoin is the birthplace of the crypto market and currently bitcoin has a capitalization of half of the total market capitalization and we have more than 21000 different coins, showing that bitcoin is too big to replace or compete. Also, another thing that makes bitcoin famous is that bitcoin is decentralized and cannot be controlled by anyone. In contrast, altcoins are centralized and controlled by a single person or company. So it's safe to say bitcoin is safer than all the rest of the market.

By how fast bitcoin will fall, I guess you mean much the price can fall and how quickly? No one can answer this question. The crypto market is extremely volatile. The price can go up or down a lot within few minutes. Look at the price few days ago. It was below $18,500. And look at the price now, it went up above $21,500. All the ups and downs happened within few hours. You see the price, you go to bed, you wake up and you will see something different the next day. That's why you always have to keep in mind that the market is volatile and you should invest only what you can afford to lose.
Extremely reliable. Thousands of coins exists and more will exist, but none can take down bitcoin. At least not in the next few years.

Bitcoin is reliable, that's proven. The market discussion though is different. Bitcoin doesn't have the power to control that, it is us (investors) who do the moving on how volatile it could be. IMO, it always go up and stays there for a long time. It doesn't go down wild that is hard to swallow anymore.
Just imagine if you have bought at the starting price, cents of a dollar.
I'd use history if I were you. There will always be ups and downs but it's value will grow bigger as time goes by.

There have been several attempts for Bitcoin replacement and each time such an attempt is made Bitcoin keeps getting stronger and more sustainable, that is why we have thousands of alternative coins all around acting as a replacement to Bitcoin be it in utility or what have you.

But since Bitcoin's conception till date, bitcoin has proven to be an asset in the long term base and if you want to check Bitcoin's strength then you should look at the price since 2010 toll date Bitcoin price has gone several up and down but each time, Bitcoin keeps bouncing strong.

On all the altcoins in the market then these are tending to uncrown bitcoin into its positions.This is on what on the minds of those creators of these coins to have at least getting the marketshare but they had failed

on doing so because the entire community would be the one to decide on which project would be supported.This is why we do see different rankings of coins that we do have in the market.

Its really that evident that people cant just ignore the origin of all the coins that we do have in the market.Its really hard to assume out that it would
fall down lower into the current altcoins in the market, well everything is possible but its hard to believe on with the current situation.

Bitcoin is a digital currency and it's falling will be determined by the technology and the determinant of demand and supply of Bitcoin, even though theirs a new Blockchain, i don't think that it will after the life span of cryptocurrency increment, already Bitcoin have its supportive,

Yes, the function of the bitcoin market is all connected to the demand to the supply market. A new blockchain couldn't make an impact over the market of bitcoin. Maybe alternate to bitcoin it might experience success, but bitcoin will be operative. Once popular faces claimed Bitcoin Cash as the original bitcoin, but the reality differed and bitcoin proved to the world the real value of being original in the market.

What kind of fall down do you mean? Like the price or the Bitcoin currency?

Many attempted to copy Bitcoin yet they can't and they were all called altcoins these days since they can't actually copy what Bitcoin is capable of. For example, how Bitcoin is decentralized meaning no one is controlling or someone holding all of the BTC. With just that in present all altcoins can't beat Bitcoin no matter what they do since I haven't seen any cryptocurrency now that's not decentralized.

It's been 10+ years now and Bitcoin is still going and will keep going in the future.

I don't mind how fast bitcoin will fall down because what i care most? is how fast this can recover from that falling as I have seen that so many times , the recent is last march 2020 and that is very remarkable grow and fall .

so better to love what falls bring , as it is the advantage to buy and buy , and keep it for the selling and gaining after a while.

To even think there were just 750 of them in January of 2017 when I joined this forum and now that whopping gap of almost 21,000 extra in less than six years says much about this industry. It's growing and evolving. Yes, despite all the additions none has been able to match Bitcoin. I would've expected that Ethereum topped it because of its smart contract. ETH does what Bitcoin can do and has an extra in its smart contract but ETH has continued to disappoint in that direction. It has an edge but then I know some people will argue that it's because ETH is centralized while Bitcoin is decentralized.

I'm curious about what the new blockchain will look like. But maybe it wasn't like the blockchain we are familiar with but something completely different from the current blockchain. Two things will happen. First, bitcoin will remain the way we use it today. And second, bitcoin and new technology will compete to be the best of the two.

And if the new technology is better than bitcoin, maybe bitcoin will lose the trust of its users and will be abandoned by them, and that will cause bitcoin to fall rapidly. But we never know what kind of technology can make bitcoin crash.

If we do look around on the market then there are lots of better blockchains which is far more better than with Bitcoin, but how it do able to remain at the top ranking?

This would really boggle up some minds considering on making up such comparison when it comes or speaking about utility which is something not that surprising.
We've seen much better blockchains but it did fail on replacing bitcoin into the top.

Bitcoin fall down isnt something that we could really be able to point out, as long there's demand then it would continue to live and would really be having value.

We have only one Bitcoin and thousands of shitcoins, Bitcoin is the king of crypto and if you are still doubting that then you are in for a long time of being deceive by all this altcoins that come in Ponzi scheme garments.

Stay away from them and only buy Bitcoin for a sustainable long term goal.

A lot of new cryptocurrencies have tried to beat bitcoin but they have never succeeded on that. Bitcoin is still the most prominent asset in the market. And even if these new altcoins continue to arise in the crypto market, as long as they are good for short term investment only since most of them are motivated with hype and greed, then they can never make bitcoin fall and replace its position.

Competition between blockchains is bound to exist, but until now and tomorrow bitcoin is still the best for most adopters and long-term investments. I don't know how many people have bitcoins in their wallets designated as a store of value, and that is a belief among bitcoin holders today.

The best ones are the ones that are adopted and utilized the most, so I think in this case bitcoin will still be the best despite getting competition from altcoin. So how fast it will crash just depends on how well the user trusts bitcoin in the future regardless of its competition with others.

Already, it's only the newbies who don't know that Bitcoin is the master of other coin's, altcoins are like sub branches of Bitcoin, and any investment in cryptocurrency you know that you want to venture that will not take almost your capital in cryptocurrency investment, is Bitcoin, because Bitcoin depreciation in value is really like altcoins kinds of investment, so i believe that Bitcoin is the master of any other coins from my perception, in contradictory as you said the King.

That is mainly because making a new token became very easy. Right now there are literally ready made codes for it, you download it, you change what you want to change like the name, the logo, the supply and such, and after you are done, that’s it. That’s why there are over 20k+ right now because it’s so easy, anyone with just a it of money can make their own token, in fact I can make my own token in 10 seconds, just rename it and publish.

Making them stick and actually means something is hard, because it would require a lot of hard work but just creating them is nothing. Most of the 750 you have seen in 2017 are still in the top 2017’ATH; I assume, all the new ones aside from a few ended up being outside of those prices because they just stuck.

There has been several attempts in mimicking Bitcoin and create their own blockchain, but being an original is a tough thing for a newly created crypto like currency. And being decentralised alone is the thing that nobody beats.
People behind the new projects are only wants get a lot of profit, so they need full control over their project.

There are probably tens, even hundreds of blockchains in crypto right now. Both active and dead. But no blockchain has yet been able to keep people away from Bitcoin. The more blockchains appear, the more popular the Bitcoin blockchain system becomes.

Maybe you know about the Ethereum blockchain with the concept of smart contracts. One blockchain that can generate thousands of other smart chains. But Ethereum also cannot make investors switch entirely to the Ethereum blockchain. So, whatever the crypto conditions, Bitcoin is the guide.

New cryptocurrencies that are built in the market today are just made following the image of bitcoin but it don’t hold the guarantee that they can all be successful too like what bitcoin experienced. Although some have excellent features and are well competitive too, but it’s always bitcoin that lead the market and won this currency category. While bitcoin continue to live and grow for a decade now, most of the new altcoins only lived for months and then they suddenly vanish in the market like thin air.

The speed at which the market declined from $21K down to $16K has been rather impressive.  It shows that this isn't typically selling and that there are some serious deleveraging and liquidation events going on here.  The first step down to 18K had massive volume, which we can assume was mostly FTX liquidating their funds to see if being solvent was a possibility.  This next leg down to $16K seems a little lighter on the volume (still a lot) and looks to me more like retail liquidations or panic from the market participants.  I'm starting to feel like we're close to the short term lows here and it seems like a dead cat bounce back into the $17K range should be happening soon.  Who knows how big this FTX problem really is though...  There's always concern we could be headed down another 20%.

Creating a new altcoin can't make bitcoin fall rather as all altcoins depend on bitcoin to survive. Bitcoin is secure, reliable and fast compared to other altcoins, that's why bitcoin keeps standing out as the number one digital currency in coinmarketcap. Its dominant position in the crypto market is about 38.2%. The rest of dominance 61.8% is shared between thousands of altcoins

I agree that the whole market depends on the movement of bitcoin but if any of the top altcoins drop, it will cause a huge panic in the market and bitcoin cannot avoid the impact. Although bitcoin is king, it should not be denied that bitcoin is not affected, markets are closely linked. Bitcoin has dropped to $16k within 2 days and it could be even worse, there are rumors that FTX is filing for bankruptcy and if it is true, it will entail the death of FTT, the entire Solana ecosystem then we should see bitcoin fall even more this month or december.

This is a huge fallout from the war between Binance and FTX, I don't think it's because FTT is down but because things like this can cause traders to panic. As a result, the panic has caused bitcoin price to hit its lowest level in the past year post ATH on November 10, 2021. $15.5K is the current low, but it will be very possible to hit another low if this chaos and panic continues.

I don't know, but it might end soon and bitcoin will find plenty of strength and other support to recover. But I believe, market competition between coin will not have much effect on the price of bitcoin.

What you say is very logical because it has been proven that altcoins can still die by themselves when there are no more interested people who want to buy them. Likewise with altcoins that are already solid in the market which until now also seem to still depend on Bitcoin in terms of increasing prices, because when Bitcoin begins to decline in the market, altcoins also decline as happened in the past two days in the market.

It's only an effect because FTX is having problems with BNB so that their bickering also results in worsening market conditions, but that can't be used as a general benchmark, because when Bitcoin started to lower its price, in general all altcoins also experienced a significant decline. occur simultaneously in the market.

Well Bitcoin is falling down but I think this is not a good time to sell your Bitcoins. It’s true we are in a 'bear market' and BTC has seen huge losses recently and I think this is only the beginning.
The reality is Bitcoin is getting more acceptance globally and we are seeing more people, organizations and even governments enter the crypto space.
The gains in the coming year will be substantial and I think holding for the long term is a better investment strategy than selling for short term gains.

I think it is possible we are going to see a further reduction in the price of bitcoin, this year has been particularly bad with the complete collapse of important coins and now this problem with the FTX exchange is making things even worse.

So even if during the previous 24 hours we saw a recovery, the price is going down once again as I doubt the speculators are going to let go of this opportunity to push the price downward when a great deal of traders and investors are in complete panic because of what it is happening right now in the market.

Just show how volatile the market is, and I think it depend on what timezone you are.

Asia seems to be buying if I'm not mistaken, but when it is sunset already, and the other side, North America is waking up, I observed some selling.

So it went as high as $18k Asia time, and now it goes down hard again to $17,100 but seems to be bouncing back around $17,300. So hopefully we will see another recovery, at least it will be around $18k. The CPI report seems to be positive and hopefully it will be enough to push the market again this month.

Exactly, that is the point, for me, cryptocurrency is like pseudo-equity for the moment especially taking into account the software code auditing topic (https://sloboda-studio.com/blog/software-code-audit/), bugs and errors of platform, the risks may be too high

shitcoins ;D ;D Thank you for sharing your opinion

For you be at least aware on how many coins are existing.
https://coinmarketcap.com/

Cryptos:  21,840 Exchanges:  528

Basically there are some numbers who do ran on their own blockchain but whats still the condition?
Bitcoin had remained on the top since from the beginning of this crypto market which does
really just indicates that trust is high and Bitcoin cant fall down nor go back to zero.

There's actually a lot of belief about bitcoin never becoming 0 again in the future, but we can never be completely sure of that. Bitcoin is a currency built on user trust that has received many new innovations as a type of means of payment. If any bitcoin user loses faith in bitcoin, it is clear that this coin will become worthless in the future regardless of the case. However, things as bad as this are not really thought about at this time considering that bitcoin is in a period of development which is potentially the most desirable as a new type of safe currency.

Price volatility is another thing that is normal, but the impact of various other crypto issues can always affect the price of bitcoin. This means that bitcoin can go down and up at any time as long as there are fundamentals that influence it.

lol , there are even ways to earn in altcoins guys, you cannot call all altcoin to be shitcoin but there are only few that is legit.

not totally stay away but instead try to accumulate the legit one and those are the one you can see on top of the list at least rank 2-5 for safety .

let altcoin alone , they have their own function while bitcoin is focusing in worldwide adoption .

But a lot of bad things that had happen to us in the past, worst in the Mt. Gox, and we are going to look at the old post here and even in the social media back then, they said that bitcoin will go to 0. But it didn't happen, on the contrary it continue to grow.

It's already part of the ecosystem, bitcoin and crypto in general is very volatile, more than any other assets and commodities out there. We can lose -20% in a given day, but then recover +40% in the next couple of days. No other matter can do that, and perhaps it was due to our market is not regulation or there are no central authority who can control unlike stocks.

With my own knowledge concerning Bitcoin, if another technology that looks like Bitcoin come into existence and Bitcoin continue to be experiencing this bearish market, the technology will look like Bitcoin competitors and if it becomes influential to the society it might affect the the technology of Bitcoin tye way I'm seeing it, because people of the world like to involve their self for what that will benefit them, so from my understanding it will drag Bitcoin back.

You've mentioned if another technology similar to the bitcoin backing exists it'll grab the attention of the people and drag back bitcoin. Do you think such thing could happen in the next 100 years, technology changes according to the people's need. This doesn't mean people just leave it and move to the new one. Think of the stock market that is into usage prior to the existence of bitcoin. Even now stock market have its importance and people who are part of stock investing consider cryptocurrency investment and haven't left the stock market completely.

And what technology can now be very similar to the technology owned by Bitcoin? Because I still see that Bitcoin technology is the best even though there are many competitors born every year, but I don't see them as the best because Bitcoin is already well-known and has been developing well for a long time so anything new is to become a competitor to Bitcoin with almost the same concept. I don't think they will be as successful as Bitcoin in the foreseeable future.

The price of Bitcoin today rises again by around 2% and hopes to return to the level of $ 20K, with the biggest marketcap, investors should not panic when looking at the price of dropping, but if we want a big profit then now is the right time to buy more and I'm sure the year 2023 Prices can rise to the level of $ 35k

Quite impossible with what we are seeing at this moment. The market is struggling at $16-17k. Given that we are more than a month remaining, things would be hard especially for a complete recovery with the market. But I don't want to conclude. This market behavior is just hard to predict. But if there will be news which could boost the interest and demand of investors towards this industry on the last month of this year, then things would be possible. But in my opinion, this year will end not in favor for us or for this industry in general. But let us hope as well that if it really won't, atleast there would be an increase on the early months of 2023. But as I've said, no assurance will be made. For now holding and being patient is the only thing we could do.

Bitcoin is used to being pressured, I got to know bitcoin in 2013 when it was trending on many televisions, at that time I was still in college so I had plenty of time to watch tv news, and the thing that made me curious was the fantastic price increase in 2013, but I have no money to invest and only earning from faucets or giveaways, unfortunately after I was able to collect bitcoins last 2014 the price dropped more than 85% compared to ATH in 2013 so I left bitcoins at that time worth $ 5, and if the conversion is now around $ 280 .

Bitcoin is the first cryptocurrency that is now established around the world. Bitcoin pioneered what we know as blockchain technology, the technology that powers it. Bitcoin has always been the number one coin in the coin marketcap. On which the entire cryptocurrency market depends. Bitcoin is said to be the king of cryptocurrencies. One thing is to note that Bitcoin was founded in 2008 and is still the best but many altcoins have faded into existence. There are 21863 altcoins in coin market cap so far, are they all active? Of course not there are many shit coins, many coins are dead. But Bitcoin has remained in the same position since its inception gradually its popularity is increasing. It will have a big ATH in the upcoming bull market.

Does either of you read what the OP wants to discuss or asked?
He's not literally asking for Bitcoin's reliability or sustainability. He's actually asking a "what if" question.
Like when there's a new blockchain and Bitcoin alike currency that surfaced, how does it affect Bitcoin price.

We all know, there has been a lot of attempt for this like what these projects from the past with thier own blockchain and coin are doing, but failed miserably.

It took almost 3 years for BTC to go from 4k to 69K but it took only one hour to crash 50% from that price. BTC market can fall in a very fearful pace. It will not give you the time to react according to the market situation. You will be lucky if you can get out right before the crash. Most of the time our high expectation causes problem for our trade and we do not book profits.

the faster it fall is the faster  can grow mate , remember that is the market shows us since day one.

How many times have you seen this happen?

because twice that I do , and yes  after every fall there will be increases or vice versa , expect good return after this bearish market trust me.


But one thing is sure in the market , that there is no permanent positioning ..

that is why there is a so called Halving season that makes that 3-4 year cycle a very different action from bitcoin.

Not recording existing profits is a mistake for some people who have higher expectations, causing them to forget to save the profits they have gotten from trading before the crash occurred in the market. It's true that any increase always takes a long time, so booking existing profits is actually a very feasible thing to do considering that price drops don't take too long to happen.

Sometimes I myself also forget to save the profits that I have earned, because when I think about more profits, I immediately no longer remember about the losses that can also occur at any time in the assets that I hold. That is why recording profits as you mean is a very absolute thing to do.

Bitcoin can fall fast or slow. You can look at the history of bitcoin to find out how fast or slow it fell and then rose again. We have seen several blockchains emerge besides bitcoin but bitcoin remains the leader in crypto. And it doesn't affect the movement of bitcoin in increasing its price because bitcoin stands alone.

And right now, the bitcoin price is still below, so you can still buy at the current price. After the fall of bitcoin to its current price, it will end soon and at that time, we will see whether bitcoin will increase quickly or slowly.

Bitcoin has been able to survive today from today's predicted time and is still the first most popular crypto asset.
I can say that almost every time a new coin is born or released in the market but has not been able to make Bitcoin lost enthusiasts. Precisely what happens is to add enthusiasts to move closer to Bitcoin.

Falling and increasing can happen at any time even no expert can answer when that time will happen. It is important to know that enjoying the process of falling and rising Bitcoin is far more interesting than thinking about how fast Bitcoin falls because now many people are focused on buying Bitcoin every day based on ability.

The speed is not really the important case most of the time, how far is the point. How far will it go down and how far will it go up is the key factor, because if you know the point it will stop then you will make a lot more profit. That doesn't change the fact that it will change too much, it will definitely cause a lot of trouble for people if they just calculate the pace but fail to calculate the point it will stop.

Like let's say you knew that it would go from 16k levels to 30k levels in a month, and after a month it really did reach 30k, you were right and that's great, so you sell, but then after another month it went to 40k, so you failed to know how far, and you just lost a chance to make more profit.

But some people worry that the price will go down quickly because it happens a lot with bitcoin. We've seen many times how a pump or dump occurs, which makes the price go up or down quickly and happens instantaneously over a few seconds. But if that is how far the price will go down or up, we can never predict it exactly.

Despite this, many people still predict where bitcoin will go, and few get it right. And it seems difficult to predict if the price will increase or decrease to a certain level.

Don't be sorry, ask away.... but just try search the forum for keywords of what you want to inquire on or better yet Google search that using bitcointalk as your keyword :)

Bitcoin has had its flaws and the bitcoin of today is far much better than the bitcoin we had over 10years! And with supporting technologies like lightning network and the alike i think bitcoin has become quite reliable unless you want to make some kind of instant transactions... Other altcoins will fill this gap  8)

Honestly more coins on the market just slow down bitcoins growth and i wouldn't want more coins joining this ecosystem!
FYI we have over 21500 cryptos on the market and Bitcoin has kept its thrown, do we still need more of these to see the effects of extra altcoins ??? It's a No for me.

@OP, bitcoin is at the right path and every project that will make a new blockchain of their own and new token for which they think is better than bitcoin is going nowhere.

There have been gazillions of that type of projects in the past years of bitcoin's existence and most of them didn't survived at all. That's why many will tell you if it's bitcoin, it's like the assurance in this market but when it's about any other altcoin, you'll be not sure with most of them.

What many newbies do not understand is that they think of bitcoin as any other product and believe that if a new coin is developed then that is going to be enough to replace bitcoin, but we know this is not true, the growth of bitcoin is similar to what we see with social networks, a social network without people using it is completely useless, while a social network used by billions of people is worth a fortune, so this is why most altcoins are worth nothing while bitcoin is still incredibly valuable even during a bear market.

By now, I guess the OP is already understanding some facts when it comes to crypto market.
Despite thousands of alts created throughout the years, bitcoin remains to be at the top position.
Also, we have seen a lot of alts marketed as a new replacement of btc, with faster and much better technology,
and yet, nothing has surpass btc up until now. Most of them are actually abandoned and forgotten.
Just like your example, a social network without people patronizing it will just be a worthless one.
However, a social network used by many will generate a fortune.
So thinking of btc falling down owed to these new alts, is less likely to happen.

That era is about to be done.

We've seen too many projects thought that they're better than bitcoin and they're higher than it. But the reality speaks for itself that they've got no place in the market because the community knows what's better for each of us.

Bitcoin being the top of the crypto market is what makes it as the best investment and that's why no matter what people ask to themselves about its fall, that's highly unlikely to happen.

It's the first and so Bitcoin will have the support no matter what the condition of the market and how many projects are supposedly better that Bitcoin.

And we have a saying that it's too good to fall, and we have a lot of bitcoin maximalist as well who will continue to buy specially if the price is cheap because they know that it will bring for them in the future.

So with that, we should learn from this early and smart investors, that even if the price goes down very fast, let's see $10k, it will still not fall, and on the contrary, a good buying opportunity again.

Yeah, we should learn from them and how they do it. It's just two things, they're buying when the prices aren't that high and at the same time they're patiently holding.

So, someone who has to learn from them needs to remember those very few things on how they're making a lot. It's not that much to remember but it's very effective to look at.

On this moment, no matter what the price of bitcoin, there'll always be the buyers ready to buy those cheap bitcoins.

There's always those someone who do likes to catch up with those cheap coins and its true that as long the support and consideration is there which Bitcoin could always be having that chance of recovery.

It could fall down lots of time and believing that it might be good as dead but eventually as long the demand is there despite of the fear and hesitation which there are investors who do really still believe into its potential.

When you do step your foot into this market then you should really make yourself prepared when it comes to these unpredictable movement on where it could go down
or would go up depending or basing up on various market sentiments.

That question can't be answered with an accurate response.

But you don't need to confuse yourself about how reliable bitcoin is. Rather than explain every inch of detail on why you should not worry about the possible fall of bitcoin, I advise you to just continue being involved in crypto for you to understand slowly that you have lots of reasons to believe that Bitcoin can't be replaced that easily by these new coins.

Please enjoy your stay and be serious about learning things about bitcoin in general.

There are many of them.

They wait for the bottom and they start buying when the cheap bitcoins are in the market. Those that are panicking, they sell at a lower price and don't mind looking at those cheap bitcoins go in the market for the whales and traders waiting for it to be bought.

This is the market where there will be winners and losers, if you lack of experience and other composition to take advantage of the situation, you'll belong to the losers before you become a winner.

No one exactly knows the rate at which the price of Bitcoins will fall down. No one also can say that when will the price goes down. What we can do is just estimate and guess. So the price comes or goes down depends only on the demand of the coin. Due to the fixed amount of supply of Bitcoins, when the demand of the coin goes up, the price also goes up, when demand goes down, the price also goes down. Nevertheless we need to see when there are more sell orders then buy orders in any exchange, and that can be marked as the fall of the price of the Bitcoins.

I don't check the price too often even sometimes only a week for many reasons, namely work that can't carry mobile phones and has time when I go home not long, I'm surprised because I see the current price in the range of $ 16k, and it turns out when I was looking for the main cause of the main cause Is the FTX case, I know FTX is the top ranking exchanges so that it makes a big influence on the market.

No one wants to look at specific examples from the past where you can see that bitcoin can fall quite quickly. For example 2018 or an even better example is 2020 when bitcoin dropped more than 50% in just one day. Exactly the same stories happened this year, but the fall was smoother. This shows that an inexperienced person (as well as an experienced one) can easily lose money in this market.

Not many people know about this fact, and it is important to point that out. Too many people got out too quickly when it was going up on the bull run, and too many people bought during this crash period because they thought it dropped enough. It is obvious that we are not going to see any profit if we do not know when it will stop going into a direction.

Hopefully people will eventually realize this in the future, and they would rather focus on the price and how far it will go, instead of the pace. I agree with you 100% and feel like this is something that needs to be talked about a lot more on days like this when crypto moves fast.

And do you feel happy or sad when bitcoin is at $16k? If you are a genuine and long-term investor then this is clearly a great opportunity to buy bitcoin. I have also been waiting for this drop for a long time and I bought some bitcoins for under $16k. And I continue to believe bitcoin will have a new low next year, I'm still waiting to buy more bitcoins.

After we go through a difficult time because the FTX case is now starting to rise and make us have to be optimistic that Bitcoin can rise again, slowly the panic in the market decreases because the binance plan that will disburse $ 2 billion to help FTX and Market so that it can rise again. This is proven effective in making market rising again.

it is very wrong to doubt that bitcoin will rise again , maybe not today or tomorrow but one thing is sure here that bitcoin will increase its value in the coming days or years .
I hate seeing people that does not trust the capacity of bitcoin to bring more and more growth as we have seen this for many years and can check from the chart.

Bitcoin is also a lot better because it is truly decentralized, and I mean like really, the way it is decentralized is unlike any other and there isn't even a single coin or token out there that equals it's level. ETH is technically decentralized and that's great, I love it, but when Vitalik says something, people will do it, so it's not truly decentralized, or doge with Elon, or bnb with cz, or ltc with Charlie and many more other examples like that.

Sometimes it's not a person but a team, but at the end of the day nothing is as equally decentralized as bitcoin. This means that people invest into bitcoin with ease, because they know nobody can drop it themselves.

There is no doubt that Bitcoin can rise again, whatever the current price conditions do not ever make us panic, don't regret it because we have bought at a high price if we compare the current price, if we are patient and wait at least 2 years then I'm sure I can be big profits and Now is a good time to keep buying.

I still haven't seen a significant increase in Bitcoin in the current market. And if what you say is true, then there should be a very significant incremental increase in Bitcoin from now on, but I don't see that happening with Bitcoin because the price of Bitcoin itself is still under $20K and that's not a very good price for Bitcoin though it is a very good price for those looking to buy a large amount from now on.

There is no need to hate those who don't believe in Bitcoin now, because we also don't determine their losses and gains and those who hate or doubt Bitcoin will eventually realize that what they hate is the best asset in the crypto space so they themselves will also consider it chose Bitcoin with no doubt about its future improvement potential.

Buying again at this point is another option besides holding on by not selling at a low price. Panic is not a good thing, but what must be awaited at this point apart from increasing the price of Bitcoin is the entry of investors and traders into the market in greater numbers so that the volume of purchases can increase more than the volume of sales.

I really hope this is the case as it is sad to see newbies in the altcoin section claiming a coin they just discovered is going to surpass bitcoin and somehow become the leader of this market, only to see them months later complaining about how the developers of that coin scammed them in the end, and obviously the community knew beforehand this was going to happen but they simply refused to see the reality and decided to waste their money in a  project with no future at all.

The price of bitcoin will always be fluctuating, although more and more adoption directly and many countries have legalized bitcoin, but the bad thing is the number of manipulations in Exchanges that will continue to overshadow the performance of Bitcoin and Market Cryptocurrencies, I'm sure after FTX will appear the same case so as to panic investor For transactions in Exchanges.

If you are a newbie then best to ask if How bitcoin will grow and earn than asking how fall it can be, because you are adding not so good comments in the forum while the price of bitcoin is just recovering from a bad movement this whole eyar.

just this month that we are seeing the green staying for a Week so best to be thankful for that.

and also if you wanted to learn in something that can be profitable , then better to seek for the positive side instead of the negative area.

For me, if ever there will be legalization as far as bitcoin goes in the future, it's just a plus for us.

Although there is El Salvador, but still doesn't matter for us, as long as we can do bitcoin as a borderless form of cypto that can be move all over and then the recepient able to exchange it to their Fiat and used then we are all good.

So still based on us, average joe and whales to move the price of bitcoin, whether it's on the negative that we are seeing or in the next bull run.

It's not easy to look for positivity where there is little of it at the moment. A green week doesn't tell you anything yet. In previous months the first weeks were green too, but the monthly candles remain red. Although I agree that it is a good time to ask how fast bitcoin can rise, because the price has been falling for a very long time.

Disregard the market situation, it's really hard to become positive if you are still a newbie. As a newbie in this scene, it's normal to be scared when you see that the price is dumping but what the op did is great. People here can encourage him to hold still. If he didn't do that then maybe he already lost his hope and finally quit on btc.

A green week is better than seeing a red week and this might mean something. Maybe this is a sign that the price is now going to recover for more? Past is past already. This month we have now is different and special because it's the final month of the year. We will see if how fast bitcoin can rise this time.

Many are worried that if the December market will fall again, in my opinion the biggest fear is when there are cases like FTX repeated again, making investors lose money, the FTX process is unclear and it seems like it will end with a bad thing that FTX will not return money to consumers.

I think that bitcoin will not fall or disappear even if a new blockchain or a new digital currency appears. Every time a new coin appears, it doesn't affect the existence of bitcoin because bitcoin is the parent of all altcoins and until now no one has been able to compete with bitcoin.

Manipulation only happens in bad places and won't happen on all exchanges. Likewise with the case that happened to FTX where FTX made a play that everyone can read, that doesn't exist on other exchanges because other exchanges also see the bad effects of the case so that other exchanges have to think several times if they want to do what FTX did this year.

Because it's really very bad, but if other exchanges don't want to develop their exchange in a better direction and want to close the market in that way, they might do that in the future. But this is a very bad judgment to make and you don't need to worry about other exchanges for the same incident because it is quite realized by other exchanges.

But if you still feel worried and afraid of the same incidents on other exchanges, then just leave all the crypto exchanges and don't introduce yourself to crypto again because then you can be calmer and never worry about the same incident again.

It can be said that in December the price was still below, showing no signs of rising to $20,000, there is still a little doubt that the price will recover quickly because the bearish is currently quite long if we pay attention.
FTX has been said to be bankrupt, all sites cannot be accessed automatically, all customer funds will not be able to be withdrawn, so it is likely that no good will expect FTX because this is the biggest FUD this year, so many investors have lost money due to trusting too much in a centralized exchange.

there are so many new altcoins that appear every year, even have functions and benefits that are far greater than bitcoin. then whether bitcoin will fall down? look at CMC, bitcoin remains at rank 1 and no one has ever taken a bitcoin position at rank 1.

I do not see the function and power of other coins that are much greater than bitcoin, every day new coins are launched even countless, but most of them are not fundamental, disappear in the market and do not find confidence in their development. So it is not the right choice to choose in any period.

While Bitcoin won all categories, so that Bitcoin was able to survive and develop until now, the presence of other coins did not affect Bitcoin on the market, because Bitcoin was created with its own uniqueness and advantages that other coins do not have. So that the fall of Bitcoin can be said to be impossible for reasons of the large number of coins that are made and therefore bitcoin is the king in Cryptocurrency today.

It is indeed undeniable by creators of new coins at this time and they may even see Bitcoin as an example and motivation in developing new coins at this time even though the product they are producing will not be the same as Bitcoin. Both in terms of value and in terms of quality as a coin in the crypto space. Actually, the creators of new coins are not worth competing with Bitcoin because it is not a very worthy opponent, except only with shitcoins or altcoins that are not that old either.

May I say it's just hype and will not give a certainty that they will survive like Bitcoin. They are just cryptos that have no solid foundation.
Not every year, but almost every time they are born in the crypto space. Who would have thought that LUNA and FTX, which are altcoins that are classified as big altcoins, would suffer a sad fate.

If Bitcoin is clear as we all know since it was created until today and even tomorrow. There is absolutely no altcoin that has as strong power as Bitcoin.

The most important key to Bitcoin has always been a leader because Bitcoin is a project that has been completed, in contrast to most new projects that are still growing, and when there is a security issue they immediately replace the address and other things are investments in Bitcoin will be safe because the amount or stock will not be Can be more different from Altcoins which can sometimes be burned or added.

Nobody can detect how fast or how low will bitcoin for the call bitcoin falling in demand from the market got the market or bitcoin is what must be done to grow and also for if there is no bias then the price will be falling so if there is Maya and people buy more or bitcoin price by increasing so that is it it does not have a particular time it falls and the particular time it rises

People should really put up into their minds that it cant really be that possible on knowing on what are the things that could happen even on next minute,hours,days,weeks,months,years or decades if we do speak

about Bitcoins price.Everything would really be depending on the demand because if people do find out its not something interesting anymore then demand would decline.

We've seen on how this market behaves or acts which is really that totally random and making yourself believe into something which hadnt been proven out is something
stressful which i dont really prefer into.

It can be said that the FTX case is the biggest case that makes a shock in a short time, we still remember when the price almost touched $ 22k but after the FTX Drop case occurred to around $ 15k or more than 30% in 4 days, hopefully this is a record that is not repeated in the future

it is there mate , green will always bring positivity because sometimes this is is the start of other investors to put their funds back if the market shows greens , but in our season now? yeah this is another hard position to take as the effect of the recent bear keeps on pulling the price down.
so maybe you are correct as the candles keeps on red .
this is the biggest in our time now but there are so many scam or hack happened before that brings so much with almost speed of the light.

And it was also the worst record that happened in a short time in the crypto space with more influence on market conditions so that investors continued to panic. The same thing probably won't happen again next year, but that doesn't mean it won't happen again in other exchanges. Because it is based on one's intention to become rich in a moment even though in the end you will also be poor again after being arrested and examined according to applicable law.