Why bitcoin will appreciate forever

[Rizky Aditya]

Bitcoin is not always going to appreciate. There are a lot of counters to what you said. Not everyone likes Bitcoin, you do realise that right?

[LMGTFY]

Bitcoin is not always going to appreciate. There are a lot of counters to what you said. Not everyone likes Bitcoin, you do realise that right?

What are those counters (or at least some of them)?

It's not necessary for everyone to "like" Bitcoin. What matters, and what the OP showed, is that a deflationary asset (like BTC, gold) has a "head start" over non-deflationary assets (like USD, CNY, EUR, etc) - even if demand is static, supply is still diminishing:

So, it is easy to see, even the underlying bitcoin economy does not grow at all, just because bitcoin's deflation nature, it will become a perfect medium for saving and investment

[Zaun]

Bitcoin is not always going to appreciate. There are a lot of counters to what you said. Not everyone likes Bitcoin, you do realise that right?

Maybe that bitcoin won't be appreciate it forever, but I think he means those people who use bitcoins that they wull appreciate it.
I like bitcoins and it will always be appreciate it for m, because I have make a lot of profit with it.

[Eric Cartman]

It will because we live in an economic model of eternal inflation.

Money will devaluate more and more every day, forever, so BTC price will have to increase or go straight to 0

[Rizky Aditya]

Bitcoin is not always going to appreciate. There are a lot of counters to what you said. Not everyone likes Bitcoin, you do realise that right?

What are those counters (or at least some of them)?

It's not necessary for everyone to "like" Bitcoin. What matters, and what the OP showed, is that a deflationary asset (like BTC, gold) has a "head start" over non-deflationary assets (like USD, CNY, EUR, etc) - even if demand is static, supply is still diminishing:

So, it is easy to see, even the underlying bitcoin economy does not grow at all, just because bitcoin's deflation nature, it will become a perfect medium for saving and investment

Sorry mate. When I read the topic, I misinterpreted "everyone". I think that he meant everyone that bought Bitcoin. I interpreted it as everyone in the world. Sorry about that.

[johnyj]

There are too many rules to make sure that Bitcoin always appreciates. So pretty much this will never happen as not everyone is going to do what you stated.

Just only 2 rules for participants:

1. Buy some coin and hold at least 4 years (until next reward halving)
2. Start to sell 10% of those coin each year

Then they will at least double the investment in 4 years and beyond

Of course, there will always be people don't follow this recommendation, for example when they saw their coin have doubled in value, they would immediately cash out every coin, thus cause a small crash of the price, but then if they want to enjoy this return year over year, decades over decades, they would eventually need to buy it back at some stage, and maybe they sold it too early, or too late, and have to buy it back at higher exchange rate later... Market timing is very difficult, so why don't follow the rule and get a secured investment return instead of against the rule? Furthermore, when lots of people are acting against the rule, they destroy the anticipated supply demand relation, and might get the price to crash hard, what is the benefit of that?

[johnyj]

Another interesting discussion: https://www.reddit.com/r/Bitcoin/comments/3zql53/bitcoin_isnt_supposed_to_be_backed_by_anything_it/

When people are talking about backing, they are afraid that a currency is going to lose its value, so they need some powerful organization to guarantee the value of their currency

However, even the value of fiat money fluctuate a lot in foreign currency exchanges. A fiat currency can be shorted to worth a little on FOREX if their central bank do not protect its rate. So eventually all the currencies' value is backed by the central bank's foreign currency reserve

Similarly, bitcoin's value is backed by millions of bitcoiner's fiat money reserve. When bitcoin exchange rate drops, they step in and buy bitcoin to raise its value. And this backing is purely driven by their trust and long term positive expectation of bitcoin

You can regard bitcoiner's fiat money as unlimited (comparing with bitcoin's relative small market capital), but they won't blindly buy at any price. Their support mostly come from two psychological level: The first is the mining cost, if coin value is much lower than mining cost, they will buy. The second is the reward halving every 4 years which approximate to an average 19% value increase per year, so if coin performance dropped below this level, they will consider buying

Eventually the mining coin supply will shrink to zero and the most significant daily coin supply will be replaced by the spending from existing holders, but that is another decade away. And because nothing can force the existing holder to spend their coins unless a super increase in its value, so I guess the coin supply will be less and less on market anyway

[johnyj]

Just check back today, after almost 7 years after my initial simulation, most of the theory and prediction still holds

The biggest uncertainty might come from the possibility that another coin might replace BTC as the main crypto. Currently Ethereum with its growth in defi might turn the table.

However, ehtereum does not have a limited supply, and its supply might get exponential increase in future, so the prediction might not work, and just because of this, eth is difficult to overtake BTC as long term investment candidate. It is possible that long term investement prediction of BTC still holds, but ETH become the new star because its full stack of financial magics

[Assface16678]

Just check back today, after almost 7 years after my initial simulation, most of the theory and prediction still holds

The biggest uncertainty might come from the possibility that another coin might replace BTC as the main crypto. Currently Ethereum with its growth in defi might turn the table.

However, ehtereum does not have a limited supply, and its supply might get exponential increase in future, so the prediction might not work, and just because of this, eth is difficult to overtake BTC as long term investment candidate. It is possible that long term investement prediction of BTC still holds, but ETH become the new star because its full stack of financial magics

The bitcoin before is just created because they want to make all the things digital and they did not expect that many people make a lot of investment and support this coin. Time by time the number of people increasing to make a lot of contribution to this coin and on the year of 2017, the price of the bitcoin shows it's largest market profit and there are a lot of people getting curious about what does the bitcoin can do more. By that people still support the use of bitcoin because they want to earn more. After the bitcoin give a profitable value it comes down again because of the law of supply and demand and also the halving is coming so they wait for the highest peak of the market again. As an investor, it is better if we always grab the opportunity to make more earnings.

[Ridwan Fauzi]

Bitcoin is not always going to appreciate. There are a lot of counters to what you said. Not everyone likes Bitcoin, you do realise that right?

Indeed, not everyone like bitcoin but it for those who didn't know bitcoin and cryptocurrencies as a whole.

For those who knows bitcoin and cryptocurrencies I think it will be hyptoricate to say that he doesn't like bitcoin.

As you may know, can you compare how the price bitcoin with anither altcoin? You can compare with the higher price altcoin as an example and its different will be much.

[Wintersoldier]

Bitcoin is not always going to appreciate. There are a lot of counters to what you said. Not everyone likes Bitcoin, you do realise that right?

Indeed, not everyone like bitcoin but it for those who didn't know bitcoin and cryptocurrencies as a whole.

For those who knows bitcoin and cryptocurrencies I think it will be hyptoricate to say that he doesn't like bitcoin.

As you may know, can you compare how the price bitcoin with anither altcoin? You can compare with the higher price altcoin as an example and its different will be much.

In my own opinion, we should not care about other people's opinion about bitcoin if they don't like it or don't want to use it for their daily lives because it really does not affect any of our income. But i think bitcoin will really be appreciated by the people who experienced bitcoin's greatness which it is one of my best experienced in my life that it really helps me to gain money that i didn't recieved from my job today.

[awik p]

Bitcoin is not always going to appreciate. There are a lot of counters to what you said. Not everyone likes Bitcoin, you do realise that right?

Indeed, not everyone like bitcoin but it for those who didn't know bitcoin and cryptocurrencies as a whole.

For those who knows bitcoin and cryptocurrencies I think it will be hyptoricate to say that he doesn't like bitcoin.

As you may know, can you compare how the price bitcoin with anither altcoin? You can compare with the higher price altcoin as an example and its different will be much.

In my own opinion, we should not care about other people's opinion about bitcoin if they don't like it or don't want to use it for their daily lives because it really does not affect any of our income. But i think bitcoin will really be appreciated by the people who experienced bitcoin's greatness which it is one of my best experienced in my life that it really helps me to gain money that i didn't recieved from my job today.

indeed if we already feel the benefits of bitcoin, then we will be able to appreciate bitcoin more. many people are glassy quickly in this business. so that it attracts others to invest, so if we want to get money, I think learning about the moment will be better, than we only bet expecting a lot of return

[Lecam]

Bitcoin will be appreciated forever because this is the big digital money that many people change their life. Bitcoin can give us hope and many people are getting rich because of bitcoin so many people appreciate bitcoin because this is the most popular crypto currency.

[wowz2010]

Bitcoin is not always going to appreciate. There are a lot of counters to what you said. Not everyone likes Bitcoin, you do realise that right?

I think OP meant that its only a matter of time when bitcoin will be appreciated worldwide by most of the people.
Even if bitcoin itself won't become next fiat currency, but it definitely will be one the cryptocurrencies anyway.
So in this case bitcoin will stay in history as first crypto no matter which crypto will be the most popular in the end of the day

[bitbunnny]

Just check back today, after almost 7 years after my initial simulation, most of the theory and prediction still holds

The biggest uncertainty might come from the possibility that another coin might replace BTC as the main crypto. Currently Ethereum with its growth in defi might turn the table.

However, ehtereum does not have a limited supply, and its supply might get exponential increase in future, so the prediction might not work, and just because of this, eth is difficult to overtake BTC as long term investment candidate. It is possible that long term investement prediction of BTC still holds, but ETH become the new star because its full stack of financial magics

To my opinion not ETH or any other coin will replace Bitcoin, at least not soon.
Due to different reasons new coin in order to replace Bitcoin should be more advanced, not just have better or bigger value. So, basicly it should be developed on a technology that could solve some issues that Bitcoin currently has and that is not easy. Also, it shouldwill have better adoption and implementation in real world.
So I guess Bitcoin will remain at the throne and that will not change, no matter the fact that new coins appear all the time.

[Janation]

Bitcoin will be appreciated forever because this is the big digital money that many people change their life. Bitcoin can give us hope and many people are getting rich because of bitcoin so many people appreciate bitcoin because this is the most popular crypto currency.

Not all of them though since there are some that just stop.

As there are a lot of people earning profits, taking advantage of the movements happening; there are also those people that are having a hard time with the volatility of this cryptocurrency. It will not always give hope and it will obviously not make people rich especially if you are just sitting on the wave not doing something to make an impact.

[STT]

Bitcoin relies on utility for its worth and its always possible some alternate does occur, an open free market is going to promote competitive and efficient innovation.   BTC might always be the best but just being the first wont always be enough, history shows that.    Saying that it could be 20 years as a standard, we dont know I just wont assume crypto is always going to mean BTC.    I generally agree alot of the alternatives dont compare now or some of the biggest arent even decentralised so are quite similar to digital money or FIAT.

[imstillthebest]

i think its too early to say this because we dont even know if what will happen soon to bitcoin   . im only basing my example to other things like for example the old games or the old site we have use and played before  . before they came out people appreciated them and we think that those stuffs will remain forever but the time come that one day those stuffs are not enjoyable anymore or they got shutdown  ,   but on the case of bitcoin, btc is not a game or a site but its a currency/asset  . it has a value but the value can decrease or be lost soon but then again , no one knows yet   if what faith are waiting  .

[hahay]

Because maybe the dominance and high popularity are likely to have an extraordinary effect for bitcoin itself, we realize that something that is outdated indeed, sooner or later will soon be replaced but for bitcoin I think there will be something different, there will be a long period for them to appreciate bitcoin and therefore at least there will be a time to end and will be replaced in the future, who knows because for now bitcoin is indeed highly valued and appreciated but any change will definitely happen whenever it is in the future.

[bhabygrim]

Bitcoin would forever be appreciated because it was the first crypto currency to be successful,
It is the King and it started the cryptocurrency era so it would always be part of the crypto industry.
Maybe in the future some crypto would replace it but it would forever stay in the history of cryptocurrency.