You're what they call "weak hands". A small by Bitcoin's standards drop is enough to make you panic and start talking about free fall. If that's how you trade, then this market just is not for you, you will get rekt very quickly.
Last time we saw $3,000 levels was for a good reason - there was a panic caused by covid on all global markets. It would take something truly extraordinary to bring Bitcoin to these levels again.
I agree that 3k is not that big of a deal considering the run that is happening right now. The only time that I will panic is when the price suddenly slumped from around the 15k mark or half of the current value. |
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This is full wishful thinking on his side. A quick Google search shows that his company, Microstrategy, owns 70,470 bitcoins. If you multiply this by 15 million, you get the value of 1 trillion dollars. So this is precisely the value that would make his bitcoins worth 1 trillion, which he then proceeds to rationalize (i.e. try to find a rational explanation to come to that). Notice that all of these economic reasonings he come up with could have given 14, 16, 20, whatever trillion as a result, but his prediction happens to be precisely the value that makes him a trillionaire. Big coincidence no?
Well, anyone will try to do their best to attract more people into their company, this is just one of the many ways. To me, this is a declaration of an attempt to create monopoly on bitcoin which is pretty bad for the buyers because they will get scalped by the prices. |
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Supply will remain the same, unless those holders will forget how to access their bitcoin and that bitcoins will be lost in circulation. Have to understand that though whales are holding huge bitcoin, they are also waiting at the right time to sell, so supply will still circulate and we will see a different scenario which are bearish and bullish.
How so? @NeuroticFish did a job of listing possible scenarios so his/her point can be more valid. I think I did not ask about supply, I know that supply will remain the same. If there is no one selling and a lot wanting to buy, what do you think will happen. |
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That is because of the word "double your bitcoin without selling your bitcoin." It reminds me of the fake investment that I already joined in the past, but I have a bad experience. But whatever they want to offers, that seems very good to be true, so we really need to be careful with the offers or them. I do not believe in whatever they offer, and I hope people out there who watch the video will not follow them. I get what you are saying but not every "double your X" will be an HYIP, especially in the case of Youtubers, it will be difficult to tell. We need to be organized with what we label some scams so people can easily pick them apart. |
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You do not ask the author about how to do that, so you can follow him to make a profit. But I smell an HYIP here because you mention about doubled their bitcoin. But without selling your bitcoin, how can you make a profit?
Or let me guess, they suggest you lend your bitcoin on the exchange because some exchanges have those features. Some traders lend their bitcoin to the other traders, and those traders need to repay the bitcoin. I only think that is the only way to earn more bitcoin while you do not sell your bitcoin, but you can increase the bitcoin amount.
That is not an HYIP, it is more of a clickbait to me, they try to make it look like they are gaining some money without selling their bitcoin is only possible by investing in bitcoin which have returns. Be careful with these Youtubers people, they are there not for your sake, they are there for their own sake, you are just another viewer analytics for them as far as they are concerned so they will make a more click bait content to get more of those juicy statistics. |
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In fact, it will depend entirely on you, so if you can become more proficient in trading then the process is more effective for you. We all know that it is possible to get profit from trading every day but it is not possible to get profit from investment in a short time. So I want to make trading more synonymous and for that you try to do better learning and receive help from other best traders.
This the best answer although a cliché because we are different as a person. Personally, I would be on the investing side of things because I do not want to be on the computer 24/7 watching the market, I want to at the least do some other things that will help me make more money other than staring. Now, some will say that I can invest and trade at the same time but I do not feel like doing. |
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This is gonna be tough for people who are non-techy first like they don't know how to use some non-deterministic wallets or the wallet that you own 100% (you own the keys).
Bitcoin or other cryptocurrencies built for being decentralized, so I am sure that governments will really have difficult times regulating cryptocurrencies that's why they are into exchanges now.
Result for this is Decentralized Exchange will start to rise and become popular for sure, especially if the time that other country will follow U.S. for regulating centralized exchanges or cryptocurrencies.
Government institutions will try to control the keys of the citizens that will sadly get caught in their mess and I do agree that technologically illiterate people will be the first to suffer and most of them have the most money. DEXes will also be painting a target when they become popular, government does not want someone that is hurting their cashflow in anyway. |
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I will still be in the market and will update. Good that you will still be with the corporeal world. That statement back then was a funny but ominous at the same time. |
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Yes but that's a very hypothetical question that is far from reality; not to mention that it can happen to anything else in the world. Lets say you wanted to buy a car and nobody including the manufacturer were selling it and only responded with "name your price". Realistically supply (people willing to sell) and demand (people willing to buy) always reaches an equilibrium even if the balance is disturbed shortly. For example right now there are less supply (less people willing to sell at <$40k) while the demand is increasing so the price keeps going up. Eventually that reaches a point where the balance is reached and price stabilizes (it could be after a bubble burst and bear market but it will eventually happen like the $6k in 2020). My question is already answered so let me impose another. What happens when we reach that equilibrium? Do you think the whales will try to tip to the balance in their favor when an equilibrium happens? |
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The countries that you have listed all have a people that do not have a faith in their government, that is the reason that they can't afford an inflation and money printing because one mistake could cause a lot for their instability, look at Venezuela right now. Any government can print as much money as they can as long as the people have faith. USA is a different case, they are a reserved currency for most countries so money printing is not that big of an issue for them because there are bankers and financial institutions that are ready to sprung into action in the case of an economic downturn.
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Tesla will not overtake Amazon for a long time, it will happen but time will tell. Amazon is an e-commerce giant compare to Tesla that only sells electric cars, you will know then and there that variety will be factor. Tesla did not get past Amazon it was only Elon Musk surpassing Jeff Bezos as @iamsheikhadil mentioned. Maybe the time will come when Tesla the company will surpass Amazon, I am sure it will because I believed this company is the Model-T of our generation.
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Price would remain the same as the last trade that took place before "everyone" decided to hold and never sell. Finally something in the realm of my question is answered. But wouldn't that make bitcoin become an item that will be on a "name your price" basis because if there are still people looking and someone willing to sell but at a price. |
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As the supply goes lower, the prices/demand go up but what happens when the supply is drained?
As the price rises, some of the people that have bought will now sell. As the famous quote tells "Everything is for sale if the price is right." You don't have to worry that the supply will be drained. That would only mean that the offered price is too low. Also don't forget about market cycles and Bitcoin history. It can do wonders on people's mentality and the prices they're asking for their coins. All in all you are worrying for something that cannot happen. This is a hypothetical situation, as there are more individual hodlers that are going to sell and more institutional investors buying those going out of the available supply and hodling it until there is no available supply, what happens there? |
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Any Idea when would the DRAINING will happen ? and Why has to drain when the supply circulates constantly ? i don't see the reason for the question. If I know when will it happen do you think I would be asking questions? Hypothetically everyone holds all the supply of bitcoin and does not plan to sell it, what happens next? ~
It's a free market. By market forces, the price should reach an equilibrium when the demand is equal to the supply. If somehow the demand overwhelmingly exceeds the supply, then the price will rise. It continues until it reaches an equilibrium. It's simple economics. More demand, same supply = higher price. It functions on simple economics. Will it reach equilibrium if there is no supply, suppose that it is a free market, wouldn't that mean that anyone hodling would be okay to not sell their bitcoin to prevent a healthy circulation. |
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With or without covid, a crash would come, the stock market looks like just as much of a bubble as crypto right now. Tesla doubled in a month = Bitcoin doubled in a month. I just read an /r/wallstreetbets thread today, and people were discussing how their normie friends who don't know what a bull market is are making thousands of dollars just by buying popular stocks.
Do not take r/wallstreetbets articles seriously, that is a dumpster fire of pump and dump stocks, I beg to differ about stock being the same bubble as crypto, it is a more stronger bubble than crypto because there are government backers. What happened to the "normie" friends has been a long time concept by John Maynard Keynes called Keynesian Beauty Contest where the popular is the best bet instead of your personal choice, it just proves his concept that any stocks that is popular among the public is the one that will surely go up. |
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No because the "demand" that buys bitcoin is not always going to hold on to it for eternity. At some point people always end up selling their bitcoins one way or another (eg. selling directly to fiat or buying goods where the coins end up on an exchange eventually). Well with the current trend of institutional investors buying all they can as much as possible and hodling it as long as possible would be a different case right? Yes there will be people that will be selling it but there will come a time when it will only be a atomic percentage of the supply that they are filling in. |
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The supply is always increasing even though the rate of this increase goes down. That means every 10 minutes (on average) there are more coins to be bought. You are confusing capped supply with decreasing supply. Bitcoin's supply is capped (has a maximum that can not be surpassed) but it is not decreasing.
The main reason why price goes up is when demand increases (in other words when bitcoin adoption increases and more people start buying bitcoin).
If the supply is capped, that means that we will lose all of it to demands eventually right? I think I covered already the part where the price increase because the demand increase. |
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Why do you think the supply is going to be "drained"?
There are lower available coins to be bought. Mining takes time. Supply draining won't happen at any occasion. The mined coins aren't idle within a centralised system. The network will be strong as more and more usage gets counted. Maybe the denomination gets more zeros added for a single bitcoin.
Will these be enough to resupply the current available coin to cater the demand? AFAIK each block that is mined makes mining another block a little harder. |
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As the title says, what happens. As the supply goes lower, the prices/demand go up but what happens when the supply is drained? Will we ever reach a price ceiling or the prices will still go up? I do not know any other question that I can think of but if you have one, feel free to reply on this thread if you have other questions.
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What happens to you after 50k then? Those who doubted your post must have regretted what you were speculating at that time, you kind of look like a crazy person to them back then.
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