Why Bitcoin cannot drop in price

[tabas]

Its been droping and coming up always there is no specific reason

Yes it has been dropping and even it is dropping. Price is still unstable because after it dropped and being corrected. The price is recovering immediately and it has a big support to the community and its investors. Its likely not going to drop because theres a big community of it already.

[ImHash]

So after 3 pages of long posts and arguments we have come to an understanding about the fact that people (community) are the ones keeping bitcoin at top and it will remain number one if it could answer the legitimate needs of users (community members) and if miners (governors of bitcoin network) are not competent enough to reach a mutual agreement for everyone's benefit then other currencies such as obviously ETH/ LTC.

[doomloop]

I think why bitcoin does not go down and always up from year to year. Maybe people are already familiar with bitcoin and buy bitcoin with a large amount. They use bitcoins to save and invest. The more people buy bitcoin the higher the bitcoin price. And it makes us fortune to invest bitcoin. I remember once I bought 1 btc for 1000 $ and now btc reach 3000 $ .. from there I feel if I invest bitcoin now .. 5 years to come will surely increase the price

 bitcoin is highly demanded currency it is (price) higher than all currencies of the world and Transaction takes time but it makes money pure and secure. bitcoin is safe for those who knows all the skills of investment and trading. moreover the bitcoin investment is very profitable as you say about the price increase, yeah its price is always increasing and in future it will be very profitable for those who invest their money.    

[Sinkova]

Why should it drop in price if there are more and more people add to this system.Its value is increasing instead of dropping.

[joebrook]

And remain the No. 1 cryptocurrency at that

If we are to cut the crap and face the facts, Bitcoin is at the top of cryptocurrencies simply because it has managed to attract the biggest amount of fiat (dollars, euro, etc) compared to other currencies (note that this has nothing to do with the so-called "market cap"). And it did so because it has been outpacing most other coins in terms of generating profits in the long term (while generating less losses when it didn't fare quite well, say in 2014-2015), apart from being the first mover, of course. Some coins have recently been (or had been in the past) more profitable than Bitcoin but they all lacked consistency, i.e. the capability of generating profits over long enough time frames. Conversely, if Bitcoin starts generating losses and that wouldn't be temporary while some other currency shows more profitability over the same time span, people will start losing interest in Bitcoin as a speculative asset and turn toward that currency. The inference is that if you want to make Bitcoin die a painful and miserable death, you should, first, make its prices at least stagnant, and, second, pour enough cash into some other coin (more or less decent in terms of technology behind it, say, Litecoin) while (and this is the most important point here) keeping this growth for a certain period of time until the process turns self-sustainable and self-reinforcing

That might not make a lot of sense in the past when Bitcoin was strong (since that would be outright prohibitively expensive), but things may change if, for example, Bitcoin fails to scale successfully. In fact, it may happen even without external and deliberate influence but just because of Bitcoin price declining for a sufficient amount of time on its own. And this is the point I want to discuss

Bitcoins are at the top of the cryptocurrency race because it was able to gain alot of popularity in the early days, no one imagined how profitable it was going to be on the long run and once people knew about making money by mining it drew a lot of people in,I think the current price will hover around $2000 and never go below that.

[deisik]

And remain the No. 1 cryptocurrency at that

If we are to cut the crap and face the facts, Bitcoin is at the top of cryptocurrencies simply because it has managed to attract the biggest amount of fiat (dollars, euro, etc) compared to other currencies (note that this has nothing to do with the so-called "market cap"). And it did so because it has been outpacing most other coins in terms of generating profits in the long term (while generating less losses when it didn't fare quite well, say in 2014-2015), apart from being the first mover, of course. Some coins have recently been (or had been in the past) more profitable than Bitcoin but they all lacked consistency, i.e. the capability of generating profits over long enough time frames. Conversely, if Bitcoin starts generating losses and that wouldn't be temporary while some other currency shows more profitability over the same time span, people will start losing interest in Bitcoin as a speculative asset and turn toward that currency. The inference is that if you want to make Bitcoin die a painful and miserable death, you should, first, make its prices at least stagnant, and, second, pour enough cash into some other coin (more or less decent in terms of technology behind it, say, Litecoin) while (and this is the most important point here) keeping this growth for a certain period of time until the process turns self-sustainable and self-reinforcing

That might not make a lot of sense in the past when Bitcoin was strong (since that would be outright prohibitively expensive), but things may change if, for example, Bitcoin fails to scale successfully. In fact, it may happen even without external and deliberate influence but just because of Bitcoin price declining for a sufficient amount of time on its own. And this is the point I want to discuss

Bitcoins are at the top of the cryptocurrency race because it was able to gain alot of popularity in the early days, no one imagined how profitable it was going to be on the long run and once people knew about making money by mining it drew a lot of people in,I think the current price will hover around $2000 and never go below that.

Popularity is a very volatile thing, and likely even more volatile than Bitcoin's price itself. Being a first mover would certainly make Bitcoin more popular than other yet non-existent coins (that should be self-explanatory), but just being a first cryptocurrency is nowhere near enough to keep this popularity in competition when this competition finally arrived with the emergence of altcoins. It is the capability to provide consistent profits (and less losses when the wind changes) in comparison to other cryptocoins that makes Bitcoin the most popular coin out the there (and kept this popularity in the past)

Profits always trump prophets

[guoyu78]

I think why bitcoin does not go down and always up from year to year. Maybe people are already familiar with bitcoin and buy bitcoin with a large amount. They use bitcoins to save and invest. The more people buy bitcoin the higher the bitcoin price. And it makes us fortune to invest bitcoin. I remember once I bought 1 btc for 1000 $ and now btc reach 3000 $ .. from there I feel if I invest bitcoin now .. 5 years to come will surely increase the price

 bitcoin is highly demanded currency it is (price) higher than all currencies of the world and Transaction takes time but it makes money pure and secure. bitcoin is safe for those who knows all the skills of investment and trading. moreover the bitcoin investment is very profitable as you say about the price increase, yeah its price is always increasing and in future it will be very profitable for those who invest their money.    

Bitcoin is a currency which has highest value among all the currencies in the world. Although the transaction takes time but it makes money more secure. Bitcoin is beneficial for those who have a knowledge of how and when to trade, and that’s how they make profits. Investment in bitcoin is much secured as the returns are provided to you in a very safe manner

[ximply]

Price is dropping right now because we are at a bubble and August 1 is nearing. It will continue to drop by to 2,000 level

[nexttime]

I think bitcoin can not be discounted is unpredictable. No one can predict the future of btc. In the past its value has been very stable and continuously increasing in recent times it is decreasing because btc has attracted a large amount of dollars like ero or. Btc tends to decrease.

[Novun]

The reason bitcoin won't drop significantly or long term is because people are already invested in it both financially and psychologically. If the price drops they will simply buy more at the lower price point thus creating new resistance.
It's the same with stocks. If there are no good or bad news the price keeps rising naturally due to this mentality. On the other hand, good or bad news can significantly influence the price. So if a handful of governments would ban bitcoin that would have a serious effect on the price.

[hisuka]

I think bitcoin can not be discounted is unpredictable. No one can predict the future of btc. In the past its value has been very stable and continuously increasing in recent times it is decreasing because btc has attracted a large amount of dollars like ero or. Btc tends to decrease.

For me bitcoin price actually is volatile it is desired as unstable price. We could not predict it until what price will drop as long there is demand of bitcoin that it will stands firm. Bitcoin definitely wont drop instantly because of many invested in it and I believe it will continously increasing.

[Beparanf]

I think bitcoin can not be discounted is unpredictable. No one can predict the future of btc. In the past its value has been very stable and continuously increasing in recent times it is decreasing because btc has attracted a large amount of dollars like ero or. Btc tends to decrease.

For me bitcoin price actually is volatile it is desired as unstable price. We could not predict it until what price will drop as long there is demand of bitcoin that it will stands firm. Bitcoin definitely wont drop instantly because of many invested in it and I believe it will continously increasing.

Your first statement contradicts your last statement. You said that bitcoin price is volatile while you stated on the last part of your past that Bitcoin price will not drop instantly which is far from the meaning of being volatile. Bitcoin price surge in an instant and there is a high possibility to the opposite result will occur any moment.

[Siren]

Price is dropping right now because we are at a bubble and August 1 is nearing. It will continue to drop by to 2,000 level

I saw that the price of bitcoin is dropping right now, but it is not a bubble and will not be. The price is like this for the last couple of weeks. Seeing a drop then recovering at a high price of $2700. So the price fluctuates because we are nearing the Segwit2x activation. And those really selling now are just afraid to lose this investment without knowing that bitcoin price could really surge after the activation.

[Casabrandy]

Price is dropping right now because we are at a bubble and August 1 is nearing. It will continue to drop by to 2,000 level

I saw that the price of bitcoin is dropping right now, but it is not a bubble and will not be. The price is like this for the last couple of weeks. Seeing a drop then recovering at a high price of $2700. So the price fluctuates because we are nearing the Segwit2x activation. And those really selling now are just afraid to lose this investment without knowing that bitcoin price could really surge after the activation.

After the implementation of segwit and the result is visible. The price again will pump and this is too bad for those who dump out of panic. Hahahah. Bitcoin investors is just like a waves of zombie, once there is a food they are all keep rushing on it as well if there is no food, they will start to turn away and never wait.

[iram3130]

Price is dropping right now because we are at a bubble and August 1 is nearing. It will continue to drop by to 2,000 level

I saw that the price of bitcoin is dropping right now, but it is not a bubble and will not be. The price is like this for the last couple of weeks. Seeing a drop then recovering at a high price of $2700. So the price fluctuates because we are nearing the Segwit2x activation. And those really selling now are just afraid to lose this investment without knowing that bitcoin price could really surge after the activation.

After the implementation of segwit and the result is visible. The price again will pump and this is too bad for those who dump out of panic. Hahahah. Bitcoin investors is just like a waves of zombie, once there is a food they are all keep rushing on it as well if there is no food, they will start to turn away and never wait.

Exactly. People think Bitcoin as an investment until they understand that it is better than any other currency or fiat and because of that Bitcoin price will always be on top. The sudden dump is only because of panic selling and nothing else which will be recovered when segwit integrates.

[onrise]

Price is dropping right now because we are at a bubble and August 1 is nearing. It will continue to drop by to 2,000 level

I saw that the price of bitcoin is dropping right now, but it is not a bubble and will not be. The price is like this for the last couple of weeks. Seeing a drop then recovering at a high price of $2700. So the price fluctuates because we are nearing the Segwit2x activation. And those really selling now are just afraid to lose this investment without knowing that bitcoin price could really surge after the activation.

Price has fallen almost close to 2300$ today and started to recovering little. From last week it was hovering around 2500$+ but it has started to dip and it seems it will dip further a bit. So good time for many to buy the coin and do some investment in bitcoin.

[doomistake]

And remain the No. 1 cryptocurrency at that

If we are to cut the crap and face the facts, Bitcoin is at the top of cryptocurrencies simply because it has managed to attract the biggest amount of fiat (dollars, euro, etc) compared to other currencies (note that this has nothing to do with the so-called "market cap"). And it did so because it has been outpacing most other coins in terms of generating profits in the long term (while generating less losses when it didn't fare quite well, say in 2014-2015), apart from being the first mover, of course. Some coins have recently been (or had been in the past) more profitable than Bitcoin but they all lacked consistency, i.e. the capability of generating profits over long enough time frames. Conversely, if Bitcoin starts generating losses and that wouldn't be temporary while some other currency shows more profitability over the same time span, people will start losing interest in Bitcoin as a speculative asset and turn toward that currency. The inference is that if you want to make Bitcoin die a painful and miserable death, you should, first, make its prices at least stagnant, and, second, pour enough cash into some other coin (more or less decent in terms of technology behind it, say, Litecoin) while (and this is the most important point here) keeping this growth for a certain period of time until the process turns self-sustainable and self-reinforcing

That might not make a lot of sense in the past when Bitcoin was strong (since that would be outright prohibitively expensive), but things may change if, for example, Bitcoin fails to scale successfully. In fact, it may happen even without external and deliberate influence but just because of Bitcoin price declining for a sufficient amount of time on its own. And this is the point I want to discuss

Exactly, that is why I'm wondering why there is a lot of people asking or saying that bitcoin should die and other nonsense things about it. Bitcoin is the most solid coins amongst all the coins here in the crypto world since the first time it was release on the market, I mean bitcoin was made to be successful in this world of crypto but it took its time before it rise above the ground of the growing crypto world.

We are just ignoring bitcoin way back 2009-2010 (if I'm not mistaken) because people love the money, and bitcoin is not that valuable (based on its price) way back then, but right now, it is the opposite. Bitcoin's population is getting bigger and bigger as the day pass by, and of course with this growing population, bitcoin's demand is also increasing causing the price to skyrocket from time to time.

[Manuj]

Price is dropping right now because we are at a bubble and August 1 is nearing. It will continue to drop by to 2,000 level

It is indeed dropping. But it will just provide us newbies an opportunity to acquire bitcoins in a low price. That will run in the opposite direction after that. We will gain then. 

[Hagane]

Why should it drop in price if there are more and more people add to this system.Its value is increasing instead of dropping.

It's not just the number of people, but also the weight of the investment made by them. To attract more serious investors, Bitcoin needs to establish itself as a safe store of value.

[warrior333]

Why should it drop in price if there are more and more people add to this system.Its value is increasing instead of dropping.

It's not just the number of people, but also the weight of the investment made by them. To attract more serious investors, Bitcoin needs to establish itself as a safe store of value.

The involvement of wealthy investors in bitcoin will lead to an increase in speculative operations. This leads to constant changes in price of bitcoin and scares newcomers. I wish bitcoin had more small investors than whales.