Why The Bitcoin Price Going Higher Means Bitcoin Will Fail

[Hellacopter]

I don't think this is really a fact, because the Bitcoin's price already increased in the past more than once and it's till now the most successful crypto currency worldwide. I think that Bitcoin need the price stability more than going higher and i think the price will be stable reaching some point in the near future

[nejibens]

I don't thin that if the Bitcoin price increase means that bitcoin will fail because the price increased already in the past

[Amph]

the only fail i can see is that there will be more centralization in the miners sectors, aside from that, a higher value will be always beneficial for bitcoin as long as it was build from demand and not by manipulators

[yoona]

I think so, big holder with thousands bitcoin ready to make a heavy dump next month. We will see a stable price in a couple weeks then fall into the black hole.
This topic must be in speculation section?

[teddy5145]

the only fail i can see is that there will be more centralization in the miners sectors, aside from tht a higher value will be always beneficial for bitcoin as long as it was build from demand and not by manipulators

The price of bitcoin has stabilize around 350-360 these past few weeks
Do you think that happen because of the manipulators or it's because of the demand ?
Im thinking of buying few bitcoins but i don't know if it's the right time or not
I don't want to deal with a case of bitcoin price going down right after i buy it
It's a waste of money

[Amph]

the only fail i can see is that there will be more centralization in the miners sectors, aside from tht a higher value will be always beneficial for bitcoin as long as it was build from demand and not by manipulators

The price of bitcoin has stabilize around 350-360 these past few weeks
Do you think that happen because of the manipulators or it's because of the demand ?
Im thinking of buying few bitcoins but i don't know if it's the right time or not
I don't want to deal with a case of bitcoin price going down right after i buy it
It's a waste of money

i think that the prior rise, the pump to 500 was more genuine there was some demand + manipulators, the last mini pump, instead it's only made by manipulators

manipulators are greedy and want to increase their stash always, at every opportunity, so they keep doing those mini pump in the hope for another demand to help them reaching a certain higher value

[cryptoclone.com]

The purpose of bitcoin is to decentralize. That was satoshis claimed purpose of the coin. The price rising will not fail bitcoin, it will only bring more interest to consumers and traders, making it more successful.

[teddy5145]

the only fail i can see is that there will be more centralization in the miners sectors, aside from tht a higher value will be always beneficial for bitcoin as long as it was build from demand and not by manipulators

The price of bitcoin has stabilize around 350-360 these past few weeks
Do you think that happen because of the manipulators or it's because of the demand ?
Im thinking of buying few bitcoins but i don't know if it's the right time or not
I don't want to deal with a case of bitcoin price going down right after i buy it
It's a waste of money

i think that the prior rise, the pump to 500 was more genuine there was some demand + manipulators, the last mini pump, instead it's only made by manipulators

manipulators are greedy and want to increase their stash always, at eveyr opportunity, so they keep doing those mini pump in the hope for another demand to help them reaching a certain higher value

I see, if that's the case i think i will buy some coins in hoping to get some nice profit when the manipulator pumped the price
And not forget about the halving also
Thank you very much for your explanation

[Kprawn]

I think, we have to rid ourselves of the tendancy to expect that Bitcoin is the cure for everything. It is a technology that was introduced as a alternative to the current centralized financial system. It has a token

that function as a currency, but it has many other functions too, as part of the Blockchain. To expect freebies from early adopters, because you think they owe other late adopters something, has to stop. They

were lucky and/or bold enough to take a risk, and it paid off for them. Bitcoin will not fail, because these people are not willing to share their profits.  

[Mickeyb]

OP as much as I respect your point of view, I think that 50 different people out there can come out and write 50 different theories just like you had. And you know what, all of the 50 people can be dead wrong at the end. Will Bitcoin end up successful and who will it serves will decide its users, market and demand. Not me or you with different theories.

Cheers!

[ATguy]

- In the event of a global economic collapse, currency values will decline, so will Bitcoin (Bitcoin is not immune from an economic collapse)
- Bitcoin value is not the actual Bitcoin value (you can estimate that even with 10,000 sold or dumped, the price would drop significantly
- Bitcoin money is fiat money in disguise, actually it is helping the one world government rather than acting in any real libertarian fashion

In the event of a global economic collapse you can still use Bitcoins because all Bitcoins are ready to be spent anytime, but you cant use fiat anymore unless you hyperinflate it (basically most fiat holdings removed). And it is because fiat operates on fraction reserve basis, it is not something real where each unit of existing currency can be spend anytime.