WHAT HAPPENS IF BITCOIN POPS?

[LordCarps]

Hey ya'll, curious question from a newbie here. I was wondering what would really happen to everything if ever bitcoin does pop and lose a huge part of its value.

Can anyone give me understandings as to why that won't happen?

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[secondgarlic]

It would heavily set back the cryptocurrency scene, because currently pretty much all altcoins rely on bitcoin to succeed. But bitcoin will not pop because there is no reason for it to. Sure, the network has problems and the price has fallen recently, but it will eventually recover.

[Sundark]

Well, everything is simple - people who invested in bitcoin will lose their money unless they will trade it before bubble pops. Actually, the blow is possible because bitcoin is a virtual money and its price depends only on what's happening on the market. There could be speculations that can drop its price as well as make it high.

[mybitly]

History repeats itself. bubbles have previously popped on different industry/market. for a better answer, I would suggest doing some TA on the previously popped market.

[Anti-Cen]

Well high transactions fees have slowed the volumes
https://blockchain.info/charts/trade-volume?timespan=30days
and as a result the price has dropped like you would expect because no one
wants a car that will only do 12MPG unless they are silly rich

Miners have broken the trust relationship and they have turned out to be even worse
then the fat cat bankers we are all trying to avoid.

[RodneyKings]

If it does pop and lose its value then its obvious that investors will lose their money as well. It will cause a setback in crypto environment since most altcoin relies on Bitcoin. If just in case it will really lose its value and won't recover then I guess another altcoin will eventually play as replacement of Bitcoin. If you are worried about Bitcoin or other altcoin disappears in the future I think that depends if there won't be people making any computer transactions that time since crypto relies on computer transactions as far as I know.

[iamTom123]

Hey ya'll, curious question from a newbie here. I was wondering what would really happen to everything if ever bitcoin does pop and lose a huge part of its value. Can anyone give me understandings as to why that won't happen?

There are many varied parameters and definition of the word 'pop' as used in Bitcoin and cryptocurrency. Usually, critics of the cryptocurrency movement would easily associate the normal downs here as a crash or pop while people in the Bitcoin community will just smile and refer to this as correction. Take for example what is happening right now as Bitcoin is losing almost 40% of value that can be an alarming to an unbaptized people or those who are not yet oriented with how Bitcoin moves but not for many of us here in the Bitcoin community because it happened before, happening now and can also happen in the future. The only definition of a pop that can satisfies here is when Bitcoin would be dropping to maybe around $1,000 in value. Yet that level maybe impossible unless nobody will be buying Bitcoin anymore and all holders will be selling their shares. Will that happen? Can we unify all people with Bitcoin to act like a robot? I don't how that can be possible...maybe a big crisis that can affect the cryptocurrency movement will make that scenario possible.

[QuestionAuthority]

What happens IF bitcoin pops?  Have you been in a coma in your local hospital for the last two weeks?

[moynul2050]

If it does pop and lose its value then its obvious that investors will lose their money as well. It will cause a setback in crypto environment since most altcoin relies on Bitcoin. If just in case it will really lose its value and won't recover then I guess another altcoin will eventually play as replacement of Bitcoin. If you are worried about Bitcoin or other altcoin disappears in the future I think that depends if there won't be people making any computer transactions that time since crypto relies on computer transactions as far as I know.

Bitcoin's future is very bright, confidence in this currency is getting better. and this will make bitcoin difficult to be replaced by other coins including with hardfork.
If the internet is lost then that's when Btcoin is destroyed.

[baradfo]

Markets go in swings, all of them. Just how big the swing is depends on the market. Currencies do the same thing, even the dollar. Fiats go in swings on the pip level and that's how big players make money on the forex (foreign exchange) market when they play with 10k+ dollars for the market. The same is happening with cryptocurrencies, though with them being in the nascent stages their swings are much more dramatic. It has happened with any currency in history when they first come to being. Just stay with it, or hodl as they say, and buy the dips.   Also, try asking newbie questions in the newbie section, or at least browse there first to see if your question has been asked before. It'll help the mods and admins here to cut down on the amount of posts to look at.

[omonuyak]

Hey ya'll, curious question from a newbie here. I was wondering what would really happen to everything if ever bitcoin does pop and lose a huge part of its value.

Can anyone give me understandings as to why that won't happen?

The bitcoin is going to pump in future and There is nothing one can do to stop it.  Bitcoin cannot completely lose it value and if 80% of the investors dump bitcoin it will gradually move to a high level again as bitcoin is a discovered and like internet it will forever be with us. No pop can kills bitcoin and blockchain technology depends on bitcoin for it development.

[kaysersoze]

If bitcoin crashes, the price will be dead of course, it will probably go below $5000, and all the altcoins are going to follow the same pattern, so dont expect to see all the altcoins going in green, because that is impossible.

[pereira4]

Don't panic, it's christmas season. We are coming from a 45% correction, any further corrections are going to be due people selling some bitcoin to buy christmas presents, pay some holidays, and whatnot, which could make people think that the bear move is still active, when it's not. We are already retracing, the last dip was a strong support. An all time high before 2018 is perfectly. Hold on to your Bitcoins and don't do anything stupid. And forget about future markets, they have no impact on the price. Never did, never will have any.

[1Referee]

What if Bitcoin shoots up to $100,000 before 2020 and you're still a no-coiner? Will you hate yourself for not buying? Or will you buy at $100,000 levels and just try to forget about what you could have had by buying at current levels? I see how people worry about the price having gone down from near peak levels to where we stand right now, but they are totally blind considering the fact that they don't see that we at current levels are still up more than 1300%. It's probably the mainstream media trying to show how Bitcoin has gone down a lot, and that it is recommended to be extremely careful with Bitcoin because you can lose all your money. These baboons don't understand that there is no way that you can lose all your money if you just keep holding.

[joinfree]

Hey ya'll, curious question from a newbie here. I was wondering what would really happen to everything if ever bitcoin does pop and lose a huge part of its value.

If bitcoin dies, or if the bubble explodes, there are two possible things that will probably happen;

1* Everything goes down too, i mean, the whole crypto market will suddenly die among with bitcoin.
2* All the altcoins are going to go up as crazy, and bitcoin will go to zero.

Still no one knows what is really going to happen, well no one wants to see bitcoin dying, of course.

[sjefdeklerk]

there is no way that you can lose all your money if you just keep holding.

Right. It's just impossible that a coin with $55 transaction fee, a maximum of 7 transactions world wide per second, only 3 out of the top 500 online companies offering it (down from 5 from in 2016), and governments actively cracking down on it (see Israel today) and which is being forked once every week, will go to zero A tulip will always be worth tens of thousands of dollars ! Or so they thought ...

[1Referee]

A tulip will always be worth tens of thousands of dollars ! Or so they thought ...

What's the point of referring to the tulip bulb mania? Bitcoin in no shape or form comes even close to that. Bitcoin serves an actual purpose, which is something more and more people start to understand. Also, if you can't see how Lightning Network will push Bitcoin to the next level, you're pretty short sighted. At that point fees won't play a role of significance anymore, and the number of transactions Bitcoin can handle per second won't form a problem either. LN allows Bitcoin to open itself up for mass usage, which is something people tend to overlook. All limitations that are holding back Bitcoin right now, will at that point not exist anymore. To add, forks get initiated out of greed, and that's really it - people are used to their insignificance.

[Enjel]

there is no way that you can lose all your money if you just keep holding.

Right. It's just impossible that a coin with $55 transaction fee, a maximum of 7 transactions world wide per second, only 3 out of the top 500 online companies offering it (down from 5 from in 2016), and governments actively cracking down on it (see Israel today) and which is being forked once every week, will go to zero A tulip will always be worth tens of thousands of dollars ! Or so they thought ...

Bitcoin has not been about the transactional value for a while now. People use this argument all the time to fud.

It is rather a store of value, with the legacy Bitcoin name, and limited supply. The reason gold has been valuable through the entirety of human history was just because it looked shiny and cool, and not because of its utility.
You never use gold to buy milk or make any general transactions, so it must be worthless right? Gold is one of the most manipulated commodities on the market, and the government pretty much controls the supply (which we don't know), so it must be worthless, right?

Your other statements are misleading - who cares about Israel when the USA SEC approved CME futures? Who seriously cares about these recent forks?

Furthermore, as you know there are proposed upgrades to Bitcoin to make transactions viable again. Some people on this forum call them hopeless, but actually what this implies is that *Bitcoin's transactional value is not fixed at all*.

And of course, the tulip bulb mania is worlds apart from Bitcoin. The supply of tulips is not only infinite (uncapped), but anyone can just plant some, for starters. That alone knocks out the comparison.

[sjefdeklerk]

It is rather a store of value, with the legacy Bitcoin name, and limited supply. The reason gold has been valuable through the entirety of human history was just because it looked shiny and cool, and not because of its utility.
You never use gold to buy milk or make any general transactions, so it must be worthless right? Gold is one of the most manipulated commodities on the market, and the government pretty much controls the supply (which we don't know), so it must be worthless, right?

Gold is used in a lot of products and processes, from jewelry to audio gear to space technology to nano particles for chemotherapy. Bitcoin on the other hand is nothing, it's just an idea.

Your other statements are misleading - who cares about Israel when the USA SEC approved CME futures?

China, Venezuela, Bolivia, Ecuador, Nepal, Morocco, Bangladesh and now Israel, the list of countries that are cracking down on bitcoin keeps growing rapidly. Do you think governments will just sit back and let some virtual currency replace the currency they control ? The EU is coming with legislation in a few months too.

Who seriously cares about these recent forks?

That's what people said about BCH too. BTC has become unusable as a payment system and some virtual coin WILL replace it some day. I expect that this day isn't too far away.

And of course, the tulip bulb mania is worlds apart from Bitcoin. The supply of tulips is not only infinite (uncapped), but anyone can just plant some, for starters. That alone knocks out the comparison.

Bitcoin itself is capped but anyone can start a coin that's limited nowadays. Just because it's limited doesn't make it valuable. In the end people will want to use it as a payment system, if that's not possible, the coin will die and will be replaced by a better one. Just like we're seeing right now.

[Wilhelm]

There are enough people that believe in Bitcoin .... I always wonder why people come here to tell us it's doomed.... somehow they need to come over and convince us .... Why? Missed the boat? 

[Enjel]

It is rather a store of value, with the legacy Bitcoin name, and limited supply. The reason gold has been valuable through the entirety of human history was just because it looked shiny and cool, and not because of its utility.
You never use gold to buy milk or make any general transactions, so it must be worthless right? Gold is one of the most manipulated commodities on the market, and the government pretty much controls the supply (which we don't know), so it must be worthless, right?

Gold is used in a lot of products and processes, from jewelry to audio gear to space technology to nano particles for chemotherapy. Bitcoin on the other hand is nothing, it's just an idea.

Actually, gold has been valuable throughout history, when those things didn't exist (or even a few hundred years ago). Kings made chairs out of gold, and were buried with it. It is actually just a shiny rock that doesn't perish. Bitcoin can have similar value, if you consider that. In the end, everything is really just an "idea". However, in the modern era, we now realize that computer code is just as real as something physical.

Your other statements are misleading - who cares about Israel when the USA SEC approved CME futures?

China, Venezuela, Bolivia, Ecuador, Nepal, Morocco, Bangladesh and now Israel, the list of countries that are cracking down on bitcoin keeps growing rapidly. Do you think governments will just sit back and let some virtual currency replace the currency they control ? The EU is coming with legislation in a few months too.

At the same time, Bitcoin is legal tender in Japan? CME regulation is a big approval in the US. I actually agree that digital currency is threatened by governments. At the same time, with 200 trillion USD worth of financial assets (let's make this an estimate) circulating in the world, if even a small fraction of that is in digital currency, w/ 40% BTC dominance, we will have a massive price.

Who seriously cares about these recent forks?

That's what people said about BCH too. BTC has become unusable as a payment system and some virtual coin WILL replace it some day. I expect that this day isn't too far away.

We will see about this. I won't try to predict the future.

And of course, the tulip bulb mania is worlds apart from Bitcoin. The supply of tulips is not only infinite (uncapped), but anyone can just plant some, for starters. That alone knocks out the comparison.

Bitcoin itself is capped but anyone can start a coin that's limited nowadays. Just because it's limited doesn't make it valuable. In the end people will want to use it as a payment system, if that's not possible, the coin will die and will be replaced by a better one. Just like we're seeing right now.

Again, we will see. BTC dominance has gone down in the past too. There are a lot of "uncommon" metals that are totally worthless. Bitcoin is just the name that the public thinks of when they hear "cryptocurrency". The public investment is still very low, given the market cap.

As such, I stand by that BTC is an evolving currency with regard to transactional value, and that at least it can retain its value as "digital gold".

[michellee]

Hey ya'll, curious question from a newbie here. I was wondering what would really happen to everything if ever bitcoin does pop and lose a huge part of its value.

Can anyone give me understandings as to why that won't happen?

if there is a big community of bitcoin still give support to bitcoin then I guess bitcoin will stay in the cryptocurrency world and bitcoin will lead all altcoin in the future. but if somehow bitcoin crashed too deep and many people disappointed with bitcoin and they leave and abandon bitcoin then the change for bitcoin losing the value is big. but I don't think that every people will leave bitcoin especially the whales that have a big amount of bitcoin, they won't let this happen and will make sure that bitcoin still exist among us.

[naidray]

Well, everything is simple - people who invested in bitcoin will lose their money unless they will trade it before bubble pops. Actually, the blow is possible because bitcoin is a virtual money and its price depends only on what's happening on the market. There could be speculations that can drop its price as well as make it high.

The trading itself is what would keep the bubble popping if at all it is a bubble but bitcoin is more than that and there is really no way we can see such a pop. The present rally already popped and that was expected and I do not think we can really see it go hugely lower than it already is.

The community decides the amount they want to sell and as long as the bears are not more than the bulls in huge population, or there is nothing to create a huge scare that would turn the community into turmoil, then there is nothing here to pop.

[JimboToronto]

What happens IF bitcoin pops?  Have you been in a coma in your local hospital for the last two weeks?

Yep. In the last 2 weeks it popped all the way up to an ATH, then popped down in a lovely beartrap and popped right back back up to where it was 2 weeks ago.

Poppity pop. 

[CuDoCuDau]

It will be increase $50000

[rickadone]

It would heavily set back the cryptocurrency scene, because currently pretty much all altcoins rely on bitcoin to succeed. But bitcoin will not pop because there is no reason for it to. Sure, the network has problems and the price has fallen recently, but it will eventually recover.

Anything can happen but one thing is that there are stages and that is why we keep having those deep corrections so as to get the market to stay healthy.

The worst pop that would ever happen is getting bitcoin as far back as $8,000 and just very few will really get to even quickly hold at that price as that would be some pretty solid base. However, like you said, this is just the time for the bears and I am sure they are done for now or close to done.

[xPPx]

Depending on how low it goes, I'll be okay. I didn't want to get rich at $250/BTC in 2015. I just got tired of getting banned by WU because of gambling site transactions...

[Thermatic]

It can't pop cuz it's not a bubble. Yet the price can go low. As low as 6-7k I believe

[QuestionAuthority]

What happens IF bitcoin pops?  Have you been in a coma in your local hospital for the last two weeks?

Yep. In the last 2 weeks it popped all the way up to an ATH, then popped down in a lovely beartrap and popped right back back up to where it was 2 weeks ago.

Poppity pop. 

Really? From what I can see it’s still worth $5,000 less than it was two weeks ago. It’s lost one quarter of its value in under two weeks. Why would anyone trust a currency that moves by one quarter of its value that fast? However, for a speculators play toy that’s great.

[Wilhelm]

What happens IF bitcoin pops?  Have you been in a coma in your local hospital for the last two weeks?

Yep. In the last 2 weeks it popped all the way up to an ATH, then popped down in a lovely beartrap and popped right back back up to where it was 2 weeks ago.

Poppity pop.  

Really? From what I can see it’s still worth $5,000 less than it was two weeks ago. It’s lost one quarter of its value in under two weeks. Why would anyone trust a currency that moves by one quarter of its value that fast? However, for a speculators play toy that’s great.

It's all down to supply and demand. Recently the infratructure of Bitcoin has burped back telling us that it cannot handle crazy surges with crazy money.
What happened.

Crazymoney people buy because they heard Bitcoin was going up.
Whales take profits and push down price.
Crazymoney people get scared and sell and push down price.
Whales buy back in at low prices.
Price goes back to normal.
Crazymoney people are bagholders.
Whales made profit.


So in short .... Bitcoin was getting circle jerked by amateur YOLO investors. Whales win

Note: Crazymoney is people that go in, in full TARD or gamble mode. Buying with what they cannot afford to lose.

[btc_angela]

Hey ya'll, curious question from a newbie here. I was wondering what would really happen to everything if ever bitcoin does pop and lose a huge part of its value.

Can anyone give me understandings as to why that won't happen?

Nothing will happen. We have seen just couple of weeks ago when bitcoin plunges to more than 40% right? But still, bitcoin is standing as of today. Many were worried about what transcribed, panic selling, people cash out, resulting on a huge amount slashed out of the market. However, it has recovered and the price is now very strong again.

It will happen definitely, bitcoin is very volatile, unstable, however, since its really based on speculation, people still buy even at top price. And most of us wants to buy specially in dip. So this alone will not let bitcoin go down, because there's a lot of investors waiting in line to purchase it.

[bajigur894784]

Hey ya'll, curious question from a newbie here. I was wondering what would really happen to everything if ever bitcoin does pop and lose a huge part of its value.

Can anyone give me understandings as to why that won't happen?

DECENTRALIZATION !!

Bitcoin's strength lies in its decentralized nature. Because Bitcoin is not owned by a centralized banking system, unlike a country's currency.
its value can not be manipulated arbitrarily by the production of any currency.
This gives Bitcoin a commodity stability like gold.

does gold ever pops and lost of huge part its value !? certainly not!!. then bitcoin is like that, even better.

[CuDoCuDau]

Hey ya'll, curious question from a newbie here. I was wondering what would really happen to everything if ever bitcoin does pop and lose a huge part of its value.

Can anyone give me understandings as to why that won't happen?

I think nothing happen

[Enjel]

What happens IF bitcoin pops?  Have you been in a coma in your local hospital for the last two weeks?

Yep. In the last 2 weeks it popped all the way up to an ATH, then popped down in a lovely beartrap and popped right back back up to where it was 2 weeks ago.

Poppity pop. 

Really? From what I can see it’s still worth $5,000 less than it was two weeks ago. It’s lost one quarter of its value in under two weeks. Why would anyone trust a currency that moves by one quarter of its value that fast? However, for a speculators play toy that’s great.

That's not an issue. You just buy Bitcoin, then transfer it to the person in the other country (which Paypal doesn't support), and the person converts back.

I have been involved in Bitcoin transactions a lot, and the price fluctuation is not a problem for people.

[justdimin]

Hey ya'll, curious question from a newbie here. I was wondering what would really happen to everything if ever bitcoin does pop and lose a huge part of its value.

Can anyone give me understandings as to why that won't happen?

The only thing is that we may have to wait for a little while to get it back up but with patience and some pretty good waits, it would most definitely do. The only pop we could ever end up having is the correction we have just had and I feel that is the highest it could ever pop to after the crazy bull rally and that is a healthy one anyway, but if we get it lower the more, which obviously is by our own actions, then it would just give us a chance to pile up more for the future, but a pop like that? No way can it happen.

[QuestionAuthority]

What happens IF bitcoin pops?  Have you been in a coma in your local hospital for the last two weeks?

Yep. In the last 2 weeks it popped all the way up to an ATH, then popped down in a lovely beartrap and popped right back back up to where it was 2 weeks ago.

Poppity pop. 

Really? From what I can see it’s still worth $5,000 less than it was two weeks ago. It’s lost one quarter of its value in under two weeks. Why would anyone trust a currency that moves by one quarter of its value that fast? However, for a speculators play toy that’s great.

That's not an issue. You just buy Bitcoin, then transfer it to the person in the other country (which Paypal doesn't support), and the person converts back.

I have been involved in Bitcoin transactions a lot, and the price fluctuation is not a problem for people.

Yeah, well, that’s monstrously expensive. I don’t have a contact in another country to do that for me and that’s too much trouble. Why would I do that anyway when I can pay with google wallet, it’s cheap, it’s fast and it’s free.

[pugman]

Hey ya'll, curious question from a newbie here. I was wondering what would really happen to everything if ever bitcoin does pop and lose a huge part of its value.

Can anyone give me understandings as to why that won't happen?

Bitcoin is like USD of cryptos. If it falls, the entire crypto economy will fall, money will start disappearing from the markets. And just so you know bitcoin is not a bubble for it to pop. There are so many factors that prove bitcoin not to be a bubble. The word bubble came to bitcoin only because of stock market buyers assuming shit. Do not tend to confuse bitcoin, my friend.

[QuestionAuthority]

Hey ya'll, curious question from a newbie here. I was wondering what would really happen to everything if ever bitcoin does pop and lose a huge part of its value.

Can anyone give me understandings as to why that won't happen?

Bitcoin is like USD of cryptos. If it falls, the entire crypto economy will fall, money will start disappearing from the markets. And just so you know bitcoin is not a bubble for it to pop. There are so many factors that prove bitcoin not to be a bubble. The word bubble came to bitcoin only because of stock market buyers assuming shit. Do not tend to confuse bitcoin, my friend.

“What is a 'Speculative Bubble'
A speculative bubble is a spike in asset values within a particular industry, commodity, or asset class. A speculative bubble is usually caused by exaggerated expectations of future growth, price appreciation, or other events that could cause an increase in asset values. This drives trading volumes higher, and as more investors rally around the heightened expectation, buyers outnumber sellers, pushing prices beyond what an objective analysis of intrinsic value would suggest.

The bubble is not completed until prices fall back down to normalized levels; this usually involves a period of steep decline in price during which most investors panic and sell out of their investments.”

“What is the 'Intrinsic Value'
The intrinsic value is the actual value of a company or an asset based on an underlying perception of its true value including all aspects of the business, in terms of both tangible and intangible factors. This value may or may not be the same as the current market value. Additionally, intrinsic value is primarily used in options pricing to indicate the amount an option is in the money.”

“What is an 'Asset Class'
An asset class is a group of securities that exhibits similar characteristics, behaves similarly in the marketplace and is subject to the same laws and regulations. The three main asset classes are equities, or stocks; fixed income, or bonds; and cash equivalents, or money market instruments. Some investment professionals add real estate and commodities, and possibly other types of investments, to the asset class mix.“


https://www.investopedia.com/terms/s/speculativebubble.asp#ixzz52UHXtIq9

[Enjel]

What happens IF bitcoin pops?  Have you been in a coma in your local hospital for the last two weeks?

Yep. In the last 2 weeks it popped all the way up to an ATH, then popped down in a lovely beartrap and popped right back back up to where it was 2 weeks ago.

Poppity pop. 

Really? From what I can see it’s still worth $5,000 less than it was two weeks ago. It’s lost one quarter of its value in under two weeks. Why would anyone trust a currency that moves by one quarter of its value that fast? However, for a speculators play toy that’s great.

That's not an issue. You just buy Bitcoin, then transfer it to the person in the other country (which Paypal doesn't support), and the person converts back.

I have been involved in Bitcoin transactions a lot, and the price fluctuation is not a problem for people.

Yeah, well, that’s monstrously expensive. I don’t have a contact in another country to do that for me and that’s too much trouble. Why would I do that anyway when I can pay with google wallet, it’s cheap, it’s fast and it’s free.

It is impossible to do today, because it costs way too much. However, in 2016 I made a lot of small payments of like $10 or so, and it was much easier than anything else.
That was the reason that led me to invest in it, and if it gets that back (LN?) then it would be good for transactions, as long as you sell it quickly

[coinplus]

History repeats itself. bubbles have previously popped on different industry/market. for a better answer, I would suggest doing some TA on the previously popped market.

Well, did we not have the bubble popped already unless you feel we are still in a state of bubble ?

The bubble really was huge in the previous days but I am sure we may have been able to find a bottom already unless it is a fake bottom for now. I would call the previous rally from $10k to 19k a bubble honestly, but we are even lucky and sure shows how strong the community is to have been able to find the correction just to this level.

[asexypotato]

Hey ya'll, curious question from a newbie here. I was wondering what would really happen to everything if ever bitcoin does pop and lose a huge part of its value.

Can anyone give me understandings as to why that won't happen?

Current holders won't be letting it happen, these who own large amount of bitcoins are the only ones that may do a move to decrease its price... no wonder these who bought at high prices...

[QuestionAuthority]

Hey ya'll, curious question from a newbie here. I was wondering what would really happen to everything if ever bitcoin does pop and lose a huge part of its value.

Can anyone give me understandings as to why that won't happen?

Current holders won't be letting it happen, these who own large amount of bitcoins are the only ones that may do a move to decrease its price... no wonder these who bought at high prices...

That may actually be true. You need to modify that statement slightly though. Current holders with a vested interest are highly motivated to attempt to keep the bubble from popping as much as possible.

You need to remember, there are roughly a million stolen bitcoins being controlled by people that have no vested interest in maintaining the price. A large percentage of the entire economy is controlled by people that don’t give a shit about bitcoin. Satoshi has over a million bitcoins that will eventually enter the market. Millions of bitcoins are also controlled by people that mined bitcoins at the very beginning when they were worth almost nothing. These people can sell at any reasonable price and become famously wealthy. What incentive do they have for waiting 20 years to sell? They’re not going to wait until they’re old and can’t enjoy the money.

The current group of venture capital and private equity fund investors with a risk-seeking attitude are clearly crazy. Their whole world can come crumbling down around their feet because of the huge group of people listed in the previous paragraph.

[Samarkand]

... Satoshi has over a million bitcoins that will eventually enter the market. ....

I agree with the rest of your post, but this part is highly unlikely in
my opinion. It is much more likely that the keys to Satoshi´s coins
are lost forever.

They will never enter the market and can be pretty much ignored for
all purposes.

[QuestionAuthority]

... Satoshi has over a million bitcoins that will eventually enter the market. ....

I agree with the rest of your post, but this part is highly unlikely in
my opinion. It is much more likely that the keys to Satoshi´s coins
are lost forever.

They will never enter the market and can be pretty much ignored for
all purposes.

I agree with that too but we don’t have any way to prove it.

[readygoaw]

Hey ya'll, curious question from a newbie here. I was wondering what would really happen to everything if ever bitcoin does pop and lose a huge part of its value.

Can anyone give me understandings as to why that won't happen?

The main thing is that bitcoin is alive, and everything else is formed. But the altcoins will help to bitcoin not to die!

[aso118]

Hey ya'll, curious question from a newbie here. I was wondering what would really happen to everything if ever bitcoin does pop and lose a huge part of its value.

Can anyone give me understandings as to why that won't happen?

Current holders won't be letting it happen, these who own large amount of bitcoins are the only ones that may do a move to decrease its price... no wonder these who bought at high prices...

Current holders are not at all worried about the price decreasing. Those who do not want governments to take their cut will continue to keep their wealth in the form of cryptocurrencies for some more time. Others will just be worried about taking their money out (and enjoy it through consumption or other means) without crashing the market in the process.

[oztusk]

btc has established itself as a medium of exchange and a store of value.
if the value dropped dramatically i would exploit the situation to buy, confident of a recoup.
when people ask me "what if it drops to zero" i tell them "that is the best time to buy."

[oztusk]

... Satoshi has over a million bitcoins that will eventually enter the market. ....

I agree with the rest of your post, but this part is highly unlikely in
my opinion. It is much more likely that the keys to Satoshi´s coins
are lost forever.

They will never enter the market and can be pretty much ignored for
all purposes.

i dont think satoshi would be likely to lose his keys.

[michellee]

... Satoshi has over a million bitcoins that will eventually enter the market. ....

I agree with the rest of your post, but this part is highly unlikely in
my opinion. It is much more likely that the keys to Satoshi´s coins
are lost forever.

They will never enter the market and can be pretty much ignored for
all purposes.

i dont think satoshi would be likely to lose his keys.

yeah, I am sure that satoshi will take care his keys and not let other people know where he saves it. I think bitcoin will increase back after this bloody December and will reach the higher price. but I cannot imagine if somehow satoshi dump the price and I am sure that he can make a lot of money with his bitcoin.

[Enjel]

... Satoshi has over a million bitcoins that will eventually enter the market. ....

I agree with the rest of your post, but this part is highly unlikely in
my opinion. It is much more likely that the keys to Satoshi´s coins
are lost forever.

They will never enter the market and can be pretty much ignored for
all purposes.

i dont think satoshi would be likely to lose his keys.

yeah, I am sure that satoshi will take care his keys and not let other people know where he saves it. I think bitcoin will increase back after this bloody December and will reach the higher price. but I cannot imagine if somehow satoshi dump the price and I am sure that he can make a lot of money with his bitcoin.

I actually believe that the few early adopters with 5 digits or more of Bitcoin will not try to dump them on the market like that.

It is easier to believe that they are true believers in Bitcoin (all they have to do to have enough money for life is to sell like a few hundred of them) who want to see the price go up to new highs, beating out the dollars.

[Malsetid]

Hey ya'll, curious question from a newbie here. I was wondering what would really happen to everything if ever bitcoin does pop and lose a huge part of its value.

Can anyone give me understandings as to why that won't happen?

If this unlikely scenario happens, then of course crypto market will get a big blow to it. But i think alts like eth and xrp will be ready to pick up from where btc left off. A lot of alts have huge potential and are really good projects, evem better than btc itself

[CuDoCuDau]

Bitcoin will increase $50000 in 2018

[TERA2]

If bitcoin price drops, that means others will exchange less fiat money to you for bitcoins during that time.

[pinoyden]

History repeats itself. bubbles have previously popped on different industry/market. for a better answer, I would suggest doing some TA on the previously popped market.

Well, did we not have the bubble popped already unless you feel we are still in a state of bubble ?

The bubble really was huge in the previous days but I am sure we may have been able to find a bottom already unless it is a fake bottom for now. I would call the previous rally from $10k to 19k a bubble honestly, but we are even lucky and sure shows how strong the community is to have been able to find the correction just to this level.

Well, did we not have the bubble popped already unless you feel we are still in a state of bubble ?

no. bubble does not pop yet because bitcoin is still here alive and kicking. what we exactly feel right now is a major correction and a crash or dip.

The bubble really was huge in the previous days but I am sure we may have been able to find a bottom already unless it is a fake bottom for now.

what bubble are talking about? theres no bubble yet because as a said earlier bitcoin is still here. i dont really know if you guys dont know what is the real meaning of a  bubble. a bubble is something that pops and disapear or wont return anymore and  bitcoin is still not expereince that.

Re: WHAT HAPPENS IF BITCOIN POPS?

if bitcoin pops.  then it will be vanished completely and people who invested on it were doomed but if that happens  then i guess people will still switch out on to some other profitable coins like ripple and etherium. however people will not easily accept it because they loose thier invested capital without warning.

[timerland]

Hey ya'll, curious question from a newbie here. I was wondering what would really happen to everything if ever bitcoin does pop and lose a huge part of its value.

Can anyone give me understandings as to why that won't happen?

It is in the nature of Bitcoin to be volatile, and there is nothing that we can do about it. However, Bitcoin is very much alive and well. Do not be scared off with the recent dip in the prices. For some, this is the prime time to buy up Bitcoin's once more before it goes too high

Bitcoin will increase $50000 in 2018

Maybe by the end, though IMO bitcoin is not going anywhere with these transaction times and prices. This is probably the biggest setback for users today. If the lightning network can fix it, bitcoin is going to sky-rocket for sure.

[nightfury]

That's inevitable because bitcoin's market price depends on the demand of the people. If most of the people including whales who owns big amount of bitcoins will trade their bitcoin, a possible pop will happen causing bitcoin's market price to fall down drastically.

[omonuyak]

Hey ya'll, curious question from a newbie here. I was wondering what would really happen to everything if ever bitcoin does pop and lose a huge part of its value.

Can anyone give me understandings as to why that won't happen?

pop to were? I think when we are talking about price pumping we are talking of upward movement and many financial experts called this a bubble. When bitcoin is pop or pumping its value will increase and when it is dumping its price get reducing. many of us thought that bitcoin market is different from stocks and forex market but I think there the same and the same factors affect there value.

[Tigorss]

The obvious starting point is to discuss what will happen to everyone who invests a lot of money into Bitcoin if it collapses. Simply, they will lose money. It is even more interesting to examine its impact on the global economy of this revolutionary monetary system.

To be honest, if Bitcoin is removed from the face of the earth, the global economy will hardly know it. Bitcoin is very small compared to some of the other big market players out there. The real estate market is more than 500 times larger than the Bitcoin market.

[Kim Ji Won]

Well, everything is simple - people who invested in bitcoin will lose their money unless they will trade it before bubble pops. Actually, the blow is possible because bitcoin is a virtual money and its price depends only on what's happening on the market. There could be speculations that can drop its price as well as make it high.

It could be the other way around. If bitcoin's price really drops that low then traders who have a lot of experience in these kinds of situations will eventually know or will have a gut feeling to the movement of bitcoin's price then they will take necessary action before it happens. After that, they will surely invest again in bitcoin and its price will recover again because of the increase in supply. This is just a circle of events.

[Sweetbtc]

Hey ya'll, curious question from a newbie here. I was wondering what would really happen to everything if ever bitcoin does pop and lose a huge part of its value.

Can anyone give me understandings as to why that won't happen?

It is right you have curious question as a newbie, because when i was new in bitcoin then most of the strange questions come on my mind. But when i entered in bitcoin then my curious has been finished. I tell you only one thing that coming time is for crypto currencies time. In future people like to use online currency and in it, bitcoin will be best.

[jakagintiri]

I assume that bitcoin is very strong today because many new users and adopters can make bitcoin grow and it will also make bitcoin harder to fall, it is not easy for bitcoin to descend now and in the future, and if that happens it will be its simple lot investors are losing, and its complexity is going to be a lot of people in the world who question the bitcoin's fall, whether its annoying government or with the factors that make bitcoin can severely fall, bitcoin shortcuts will stop when the internet is completely dead and can not turn on the internet again , and that's because it makes me unable to be in the digital age scene right now, just a fool who lets the internet die or trouble.

[gabmen]

Hey ya'll, curious question from a newbie here. I was wondering what would really happen to everything if ever bitcoin does pop and lose a huge part of its value.

Can anyone give me understandings as to why that won't happen?

It is right you have curious question as a newbie, because when i was new in bitcoin then most of the strange questions come on my mind. But when i entered in bitcoin then my curious has been finished. I tell you only one thing that coming time is for crypto currencies time. In future people like to use online currency and in it, bitcoin will be best.

We can't say that it won't happen since anything can happen. Bitcoin may reach it's end value or completely depreciate but i don't think that will be the downfall of crypto. There are far too many alts now that can step up in btc's place.