Here is why Bitcoin can only go down

[antikvark]

Imagine that Motorola - the first company which manufactured a truly wireless communication device in 1983, designed its production system so that it can produce only 10,000 mobile phones a year. Meaning, it designed it to have limited supply. Now, does that mean Motorola phones would had become scarce due to the fact that phones are beneficial to people and the population was almost required to increase its demand? And does that mean the price of Motorola phones would had rised to $1,000,000? No. Why? Because companies had simply produced their own wireless communication devices. They had produced their own mobile phones, as these phones are just chips, resistors, transistors, capacitors, inductors, and diodes joined together the right way. And it s not only Motorola that was capable to put electronic components together.

In the same sense, bitcoin is just numbers associated to addresses. These numbers are transferred through the network from one address to another via some protocol. And it is not only Satoshi Nakamoto who is capable to design such paying system. This system is not Michelangelo's Pietà or Leonardo da Vinci's Mona Lisa. It is just numbers, addresses, database, and protocols. Everybody is capable to create that. So, no rational reason exists for bitcoin to cost $100, $1,000, $10,000, let alone $100,000, just because it is designed to have limited supply. There is no reason for people to enter into fast, transparent and cheap payment system for $100,000, if they can enter it for $0.001(altcoins) or if they can associate and design their own crypto payment system.

Bitcoin is simply a mega-bubble that diminished people's ability to think rationally. It is a mega-bubble even at $10. That is why it can only go down to the price of an average coin. Just like Motorola's phones have prices of average phones - even if they have more brand reputation and trust than for e.g. Huawei.

Edit:

I see a lot of responders saying I cannot compare Motorola as a company with Bitcoin. Well, I am not comparing the two. I am comparing limited supply of phones and coins by using an argument from analogy. This argument does not assert that the two things are identical, only that they are similar. The structure or form of this argument may be generalized like so:

P and Q are similar in respect to property x.
P has been observed to have further property y.
Therefore, Q has property y also.

In my example I assumed limited supply of Motorola cellular phones. Meaning, Motorola phones(P) and Bitcoin(Q) are similar in respect to limited supply(x). Then I made the second premise: limited supply of Motorola phones wouldn't lead to drastic price growth because people would simply produce their own cellular phones - they would simply produce their own wireless communication devices(y). And then the conclusion followed: limited supply of Bitcoin won't lead to drastic price growth because people will simply produce their own coins - they will simply design their own crypto payment systems (y).

And this is exactly what is happening with the inflation of altcoins - people are designing their own crypto payment systems. Simply, there is no rational reason for people to enter into fast, transparent and cheap payment system(Bitcoin) for $7K, or even for $10, if they can enter such system for $0.001(altcoins) or if they can design their own systems.

That is also the reason why Bitcoin is a mega-bubble and can only go down to the price of an average coin, and not up to the moon.

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[solosequenosenada]

I have reviewed your history of comments that are not many since you've been here just 2 months and the conclusion is clear.

You keep repeating the same comments over and over again, as you are so smart and know that Bitcoin is a failed experiment.

Why don't you GTFO and stop wasting your time trying to convince us to see the "truth"?

[Leonardo7]

More and more mobile phones have been produced since the first production of Motorola phones. I don't think we have up to the numbers of mobile phones that have ever entered the market as compared to the different altcoins that keep entering the market and promising to kill the bitcoin. Some of these altcoins came up with different strategies to annihilate the bitcoin but most ended up in the dustbin. Today bitcoin is the most preferred of all coins and the coin with the highest market dominance. Bitcoin is not Motorola.

[iamaruf]

Lover and haters everywhere. Not only crypto. First of all I saw thousands of calculation like you.saw thousands of posts that bitcoin will be 0.01$ or bitcoin will be dead. But finally bitcoin is more than 7500$ right now.hope i will see same post when bitcoin price will be more than 30k$.but no matter bitcoin is bitcoin. Lovers will love and haters will hate.       

[Lucius]

Imagine that Motorola - the first company which manufactured a truly wireless communication device in 1983, designed its production system so that it can produce only 10,000 mobile phones a year. Now, does that mean these phones would have been more scarce every single day because the population is almost required to increase its demand?.

I don't want to imagine something that doesn't make sense, how does it even occur to you to compare Motorola as a company with Bitcoin, which is the first decentralized cryptocurrency, independent and unique.

There is no reason for people to enter into fast, transparent and cheap payment system for $1,000,000, or even $10, if they can enter it for $0.001(altcoins) or if they can associate and design their own crypto payment system.

No altcoin (this including all BTC forks) is never achieve nothing close to BTC, and it's pretty safe that it never will. That's the whole point, altcoins are centralized projects that have only one goal, profit for those who designed them. People are not stupid (at least not most), they follow what has proven over the years, empty promises are just empty promises and nothing more.

Bitcoin is simply a mega-bubble that diminished people's ability to think rationally. Bitcoin can only go down to the price of an average coin. Just like Motorola's phones have prices of average phones.

We can easily prove this part completely wrong, just look at the history charts - can you see how price is going down over the years? I see only constant increase, and I also see 90% of altcoins dead in past 5-6 years.

[Lecam]

Lover and haters everywhere. Not only crypto. First of all I saw thousands of calculation like you.saw thousands of posts that bitcoin will be 0.01$ or bitcoin will be dead. But finally bitcoin is more than 7500$ right now.hope i will see same post when bitcoin price will be more than 30k$.but no matter bitcoin is bitcoin. Lovers will love and haters will hate.       

Yes its true there are so many lovers in bitcoin also haters because bitcoin price are going down so many are haters of bitcoin especially to those buy bitcoin in high price. But once bitcoin goes up many can bitcoin lovers so don't be negative all we can do now is to support bitcoin love bitcoin don't mind the haters.

[alyssa85]

Bitcoin is simply a mega-bubble that diminished people's ability to think rationally. Bitcoin can only go down to the price of an average coin. Just like Motorola's phones have prices of average phones.

If this is what you really think, knock yourself out doing a short on Kraken, Bakkt or Bitmex or the other futures exchanges.

Put your money where your mouth is. 

[RapTarX]

You are missing a lot of things of the bitcoin environment.
Look at some other altcoins, how much decentralized are they? How much miners are mining altcoin? Compare it with Bitcoin. I guess a lot of people are mining Bitcoin & the bitcoin blockchain is the most immutable & decentralized.
The whole point of cryptocurrency is to reduce the interfere of 3rd party with a secure & immutable transaction which can mostly achieved by only bitcoin.
There are a lot of coins already there in the market, they might have better feature but it's not possible to have decentralized chain like bitcoin. That's why the emission model of bitcoin supply will scarce.
By the way, I guess Satoshi never had thought of bitcoin as a value against USD. It's always 1 BTC = 1 BTC to him & that's how we must consider it if we want less hassle in day to day life transaction.

[avikz]

Imagine that Motorola - the first company which manufactured a truly wireless communication device in 1983, designed its production system so that it can produce only 10,000 mobile phones a year. Now, does that mean these phones would have been more scarce every single day because the population is almost required to increase its demand? And would that mean the price of Motorola phones will rise to $1,000,000? No. Why? Because people will simply associate and produce their own wireless communication devices, as these devices are just chips, resistors, transistors, capacitors, inductors, and diodes joined together the right way. And it s not only Motorola that is capable to put electronic components together.

In the same sense, bitcoin is just numbers associated to addresses that are transferred through the network from one address to another via some protocol. And it is not only Satoshi Nakamoto who is capable to design such paying system. This system is not Michelangelo's Pietà or Leonardo da Vinci's Mona Lisa. It is just numbers, addresses, database, and protocols. Everybody is capable to create that. So, no rational reason exists for bitcoin to cost 1,000,000 dollars. There is no reason for people to enter into fast, transparent and cheap payment system for $1,000,000, or even $10, if they can enter it for $0.001(altcoins) or if they can associate and design their own crypto payment system.

Bitcoin is simply a mega-bubble that diminished people's ability to think rationally. Bitcoin can only go down to the price of an average coin. Just like Motorola's phones have prices of average phones.

Whenever you compare two things, always compare apple to apple! Then only it would make sense to the educated class of people! Your example sounds very similar to a recent comparison between Tesla Truck and Ford F15. Where Tesla is 4WD truck and Ford F15 is a 2WD truck! So it makes no sense for the people who knows about cars!

If you are so pissed off about bitcoin, why don't you donate your coins to a charitable organization and let them help some poor people with it?

[Krislaw]

You have lost the point by comparing a phone company to a cryptocurrency. The production of phones from a phone manufacturer has increased over the years. But for Bitcoin, the supply is limited but it trading. Mr. A may decide to sell part of his bitcoin on an exchange and Mr. B will buy it from from him at an agreed price. But for phones? No.
Your post clearly shows that you're an anti-bitcoin,  so why not take a leave, forget about bitcoin.

[BitcoinsGreat]

Imagine that Motorola - the first company which manufactured a truly wireless communication device in 1983, designed its production system so that it can produce only 10,000 mobile phones a year. Now, does that mean these phones would have been more scarce every single day because the population is almost required to increase its demand? And would that mean the price of Motorola phones will rise to $1,000,000? No. Why? Because people will simply associate and produce their own wireless communication devices, as these devices are just chips, resistors, transistors, capacitors, inductors, and diodes joined together the right way. And it s not only Motorola that is capable to put electronic components together.

In the same sense, bitcoin is just numbers associated to addresses that are transferred through the network from one address to another via some protocol. And it is not only Satoshi Nakamoto who is capable to design such paying system. This system is not Michelangelo's Pietà or Leonardo da Vinci's Mona Lisa. It is just numbers, addresses, database, and protocols. Everybody is capable to create that. So, no rational reason exists for bitcoin to cost 1,000,000 dollars. There is no reason for people to enter into fast, transparent and cheap payment system for $1,000,000, or even $10, if they can enter it for $0.001(altcoins) or if they can associate and design their own crypto payment system.

Bitcoin is simply a mega-bubble that diminished people's ability to think rationally. Bitcoin can only go down to the price of an average coin. Just like Motorola's phones have prices of average phones.

How can you compare bitcoin with Motorola phones ? Your example does not suit to the bitcoin and crypto currencies. If you relate phones with altcoins, even then all the altcoins did not have any effect on bitcoin. You can just think that bitcoin won't go up in your dreams. In reality, the opposite of this will happen and you can't imagine how high will it go.

[blckhawk]

While it could be true, still there are no other altcoin who can already surpass what Bitcoin has proven. And to think that the market for altcoins are too crowded that a single altcoin becomes too irrelevant or would be difficult to stand out unless it proves itself too and brings major improvements over existing top cryptocurrencies. These altcoins you're talking about could easily be taken down, and could also be considered a 'bubble' if manipulators decided to hype it once then dump, leaving investors with empty pockets.

[xvids]

Why would you even compare it to a mobile phone?
As you can see all of the alt's didn't even replace or overtake Bitcoin in the past 10 years so how could you even compare it to the first mobile phone?
You are just one of those people who doesn't believe in Bitcoin and how could you say that it can only go down when it already proves that it can go up so many times before.

[hello_good_sir]

You are comparing an item that is meant to be used every day, as a tool, as a helper, to a currency/investment that was created in order to counteract centralization and the inflation rates of the world. Do you use BTC every day, is it a tool? Completely 2 different things here.

Let's talk about designer, limited clothing then. Companies like Supreme make a limited supply of goods, and they resell for 100x their retail value? How are you going to justify this then, shouldn't it be going down.

Don't make useless comparisons.

[bitbunnny]

That is not true. Bitcoin can always go both ways and that depends on conditions in the market in certain moment, supply and demand and sometimes inisome some smaller ratio some side factors outside the crypto world.
But it's actually funny to see how someone that actually has no relevant experience that is brand new in crypto world proudly spreads his ignorance.

[bitsurfer2014]

@OP, you are entitled to your opinion but it seems to me that your ideas had been rehashed many many times by people with the same mindset such as yours - all of which are made from pure speculation!

Now, I was wondering why you are only directing your attention and your observation to just Bitcoin alone when all the while there are a ton of shitcoins out there that could be worthy of your comments and opinion! I suggest maybe you could direct it to those shitcoins that pollutes this industry and it could be your advocacy too should you wish to brighten up cryptosphere. Imho.

[Asmonist]

Whatever the speculations, bitcoin is still the first and the number one cryptocurrency. You are right, anyone can make there own like bitcoin but the trust and sentimental value of it is very far from any other crypto coins existing and yet to exist. You cannot compare it with mobile phone like Motorola they are different things. Motorola is a mobile technology it evolves and depreciates. You cannot invest in phone for years. For sure its value will decrease. Bitcoin is a different thing, its a monetary investment. You cannot simply dump it anytime. Its a long term investment with a digital purpose.

[Baby Dragon]

Lover and haters everywhere. Not only crypto. First of all I saw thousands of calculation like you.saw thousands of posts that bitcoin will be 0.01$ or bitcoin will be dead. But finally bitcoin is more than 7500$ right now.hope i will see same post when bitcoin price will be more than 30k$.but no matter bitcoin is bitcoin. Lovers will love and haters will hate.       

Yes its true there are so many lovers in bitcoin also haters because bitcoin price are going down so many are haters of bitcoin especially to those buy bitcoin in high price. But once bitcoin goes up many can bitcoin lovers so don't be negative all we can do now is to support bitcoin love bitcoin don't mind the haters.

It actually depends on their own perspective because sometimes they based it on how other people describes it to them and that is the reason why some of them are against with bitcoin. Sometimes they depend it on it's price whenever it's low they keep on saying that it doesn't have any value or we'll just end up feeling remorse if we continue on investing in bitcoin. I just realized that people have different levels of perception and we have to accept it, if they hate it then fine because we don't have to prove bitcoin always unless they are degrading it and underestimating it's capabilities.

[nelson4lov]

This is nothing but a failed FUD attempt. It's not the first time people talk ill about Bitcoin. I know not everyone would agree to the idea of  decentralization. It's quite funny how OP went on and on to compare Motorola to Bitcoin. First things first, The comparison is wrong as both entities isn't on the same league. Talking about someone later creating another currency in the future? Hardly. Companies / Governments are already going the blockchain way with Bitcoin being the pioneer.

[aardvark15]

If you are correct that Motorola could only produce 10,000 phones per year then it limited the number of people that could own them or obtain them. That is not the same as Bitcoin because even though there is a limited number of Bitcoins, they can be divided to eight digits. In other words it’s not just 21 million people that can own a Bitcoin. Every person on the planet could own a fraction of a Bitcoin. So there is no limit to the number of people that can own or obtain some Bitcoin.

[danherbias07]

Wrong comparison. Go back into learning more about economics. You are not in the right field to just judge how crypto currency market will work.
Hell, even with other kind of commodities you are still in the wrong line.

You might want to change yourself from being pessimistic into optimistic when it comes to crypto.
The market here is volatile and it cannot be judge by just one kind.

[Timzim103]

In the same sense, bitcoin is just numbers associated to addresses that are transferred through the network from one address to another via some protocol.

This is not a very strong argument for your statement that Bitcoin can only go down. "In the same sense" as you put it, gold is just a substance extracted from the ground and the greenback is just a type of paper with fancy markings on it.

[Eclipse26]

You make your point but you compared the wrong things. Motorola is a cellphone. Cellphones are faster to develop. Every year a single company releases newest version. The value of a cellphone depreciates over time. While with bitcoin, it doesn't just depreciate, it fluctuate. A cellphone is constant with depreciating until it reaches it's lowest value. While in bitcoin, although it does decrease, it also increase. I am not saying that bitcoin will reach 1,000,000 dollars but what I'm saying it's still possible unlike a cellphone you're comparing

[yoseph]

After reading all that OP is talking about, it seems it all gets down to the fact that he thinks that another cryptocurrency will come and become more dominant than Bitcoin but from all I have seen there hasn't been any other alt coin that has come close to even doing that. The most talked about Bitcoin Cash which has a larger block size and far cheaper transaction fee couldn't even stand the test of time.

[hermawan9416]

But the price is going up again, what fall are you talking about?

[virasog]

After reading all that OP is talking about, it seems it all gets down to the fact that he thinks that another cryptocurrency will come and become more dominant than Bitcoin but from all I have seen there hasn't been any other alt coin that has come close to even doing that. The most talked about Bitcoin Cash which has a larger block size and far cheaper transaction fee couldn't even stand the test of time.

No other crypto currencies can compete with bitcoins no matter it is bitcoin cash , Eth , ripple or any other currency. All of these theories and  forecast have failed and bitcoin always stays on top and it will continue to dominate the crypto market.

I feel pity on people who think bitcoin is close to death.

[bitvalak]

Imagine that Motorola - the first company which manufactured a truly wireless communication device in 1983, designed its production system so that it can produce only 10,000 mobile phones a year. Now, does that mean these phones would have been more scarce every single day because the population is almost required to increase its demand? And would that mean the price of Motorola phones will rise to $1,000,000? No. Why? Because people will simply associate and produce their own wireless communication devices, as these devices are just chips, resistors, transistors, capacitors, inductors, and diodes joined together the right way. And it s not only Motorola that is capable to put electronic components together.

In the same sense, bitcoin is just numbers associated to addresses that are transferred through the network from one address to another via some protocol. And it is not only Satoshi Nakamoto who is capable to design such paying system. This system is not Michelangelo's Pietà or Leonardo da Vinci's Mona Lisa. It is just numbers, addresses, database, and protocols. Everybody is capable to create that. So, no rational reason exists for bitcoin to cost 1,000,000 dollars. There is no reason for people to enter into fast, transparent and cheap payment system for $1,000,000, or even $10, if they can enter it for $0.001(altcoins) or if they can associate and design their own crypto payment system.

Bitcoin is simply a mega-bubble that diminished people's ability to think rationally. Bitcoin can only go down to the price of an average coin. Just like Motorola's phones have prices of average phones.

You cannot equate all things that are clearly different variables. Communication devices and crypto have different developments.
You say if the system about bitcoin can be made by everyone, now which tokens or coins can rival the dominance of bitcoin?
I know that you are really frustrated with the current state of bitcoin, because I believe that you are only oriented to the price of bitcoin, not to how bitcoin can be applied to real life, man.

[kro55]

Lover and haters everywhere. Not only crypto. First of all I saw thousands of calculation like you.saw thousands of posts that bitcoin will be 0.01$ or bitcoin will be dead. But finally bitcoin is more than 7500$ right now.hope i will see same post when bitcoin price will be more than 30k$.but no matter bitcoin is bitcoin. Lovers will love and haters will hate.       

Every new technology faces criticism in the start, its a natural fact. Important point is BTC community firmly believe in the strengths of Bitcoin and its the BTC community that is driving the upword price of Bitcoin. If we see Bitcoin journey from 2009 to 2019, we clearly see Bitcoin has gained global attention despite too much criticism from centralized financial institutes.

[mindrust]

Is that why it has been going only up?

I wonder how would you explain this chart?

https://images2.imgbox.com/15/4b/H7Wr77AN_o.png

As you see, it started from "0". Bitcoin is on a path from nothing to everything. Everything= Total collapse of the current financial system which is going to be replaced by bitcoin.

[jets567]

OP is a man of pure negativity because at the moment of this post, Bitcoin is up with 1.94% and trading around $7,662 so about OP saying Bitcoin can only go down is a pure lie

[LogitechMouse]

Lover and haters everywhere. Not only crypto. First of all I saw thousands of calculation like you.saw thousands of posts that bitcoin will be 0.01$ or bitcoin will be dead. But finally bitcoin is more than 7500$ right now.hope i will see same post when bitcoin price will be more than 30k$.but no matter bitcoin is bitcoin. Lovers will love and haters will hate.       

In all aspects of life, even you do the best things in the world you will always have haters on your side bashing here and bashing there. This goes with crypto too. I have seen already Bitcoin obituaries in the internet already for almost 2 years of being in crypto and I have read numerous negative articles already regarding Bitcoin but where is it now??

Many are saying that it will be dead in X years but it didn't happen. Yes we saw some dips in the price of it but it is just normal for a market like crypto. Fuck those haters we don't care about you.

[cutesgirl]

Wrong comparison. Go back into learning more about economics. You are not in the right field to just judge how crypto currency market will work.
Hell, even with other kind of commodities you are still in the wrong line.

You might want to change yourself from being pessimistic into optimistic when it comes to crypto.
The market here is volatile and it cannot be judge by just one kind.

Bitcoin can growing up when many positive news and many investor buy with higher amount, other side need respond from bigger people or company to make bitcoin look interested, after bitcoin have higher price many people can take much profit but when bitcoin goes down you have wait for keep your money and holding is best thing.

[antikvark]

I see a lot of responders saying I cannot compare Motorola as a company with Bitcoin. Well, I am not comparing the two. I am comparing limited supply of phones and coins by using an argument from analogy. This argument does not assert that the two things are identical, only that they are similar. The structure or form of this argument may be generalized like so:

P and Q are similar in respect to property x.
P has been observed to have further property y.
Therefore, Q has property y also.

In my example I assumed limited supply of Motorola cellular phones. Meaning, Motorola phones(P) and Bitcoin(Q) are similar in respect to limited supply(x). Then I made the second premise: limited supply of Motorola phones wouldn't lead to drastic price growth because people would simply produce their own cellular phones - they would simply produce their own wireless communication devices(y). And then the conclusion followed: limited supply of Bitcoin won't lead to drastic price growth because people will simply produce their own coins - they will simply design their own crypto payment systems (y).

And this is exactly what is happening with the inflation of altcoins - people are designing their own crypto payment systems. Simply, there is no rational reason for people to enter into fast, transparent and cheap payment system(Bitcoin) for $7K, or even for $10, if they can enter such system for $0.001(altcoins) or if they can design their own systems.

That is also the reason why Bitcoin is a mega-bubble and can only go down to the price of an average coin.

[PointHope]

Imagine that Motorola - the first company which manufactured a truly wireless communication device in 1983, designed its production system so that it can produce only 10,000 mobile phones a year. Now, does that mean these phones would have been more scarce every single day because the population is almost required to increase its demand? And would that mean the price of Motorola phones will rise to $1,000,000? No. Why? Because people will simply associate and produce their own wireless communication devices, as these devices are just chips, resistors, transistors, capacitors, inductors, and diodes joined together the right way. And it s not only Motorola that is capable to put electronic components together.

In the same sense, bitcoin is just numbers associated to addresses. These numbers are transferred through the network from one address to another via some protocol. And it is not only Satoshi Nakamoto who is capable to design such paying system. This system is not Michelangelo's Pietà or Leonardo da Vinci's Mona Lisa. It is just numbers, addresses, database, and protocols. Everybody is capable to create that. So, no rational reason exists for bitcoin to cost 1,000,000 dollars. There is no reason for people to enter into fast, transparent and cheap payment system for $1,000,000, or even $10, if they can enter it for $0.001(altcoins) or if they can associate and design their own crypto payment system.

Bitcoin is simply a mega-bubble that diminished people's ability to think rationally. Bitcoin can only go down to the price of an average coin. Just like Motorola's phones have prices of average phones.

You've completely misundertood and utterly failed to comprehend what Bitcoin is, what it signifies, and how unique and intrinsic value is established.

[Murat]

I don't have any clue why you are comparing a phone with Bitcoin, These two things are totally different in many aspects, not only that but also the Mobile phone has an improving matter whereas Bitcoin is a certain thing which could not be improved, the popularity of a Mobile phone is totally depended on the features and other system but Bitcoin and Cryptocurrency is not like that, so the comparison is not suitable to these issues, that's why at first, you have to choose two similar product to compare with each other then you have to do this, you haven't well in this thread so far.

[Kambal2000]

You've completely misundertood and utterly failed to comprehend what Bitcoin is, what it signifies, and how unique and intrinsic value is established.

Yeah, I don't know why he's comparing Bitcoin over phone, of course that's not the main reason, crypto entirely depends on the number of users/investors and not because of it. We should be aware that although Bitcoin and other crypto has a lot of whales that can control the market, so if it drops the price for sure they are manipulating it especially if there is negative news regarding crypto.

[Pamadar]

OP is a man of pure negativity because at the moment of this post, Bitcoin is up with 1.94% and trading around $7,662 so about OP saying Bitcoin can only go down is a pure lie

Which is more interesting to believe than wasting your time listening to negativity. Fluctuations are part of this market and if you are not open to this then you should go away and stop following this industry. You have to understand that there's up and down and only believers who will continue chasing the opportunities though it's free to all who wanted to continue following the progress but for those who can't then no one is stopping them to quit.

[pooya87]

if you believed even 1% of the nonsense you keep writing in bitcoin board then you wouldn't have ever wasted your time posting it here! instead you would have gone and bought the shitcoins you think are better than bitcoin and used them....
but wait you are still here and keep coming back repeating the same nonsense, so what should be think? trolling or panic seller who was caught with his pants down as price didn't go as low as he wanted?

[Reid]

What is with you and Motorola?
Did you break your phone or something and they won't repair it anymore?
Why compare it with bitcoin?
What is with you?
3 days with just the same statement, you are just changing the way it is being used as a sentence.

They will not believe a ridiculous claim like this and you are a newbie. Perhaps you should build your reputation first then maybe we will read the whole story behind it.

[antikvark]

What is with you and Motorola?
Did you break your phone or something and they won't repair it anymore?
Why compare it with bitcoin?
What is with you?
3 days with just the same statement, you are just changing the way it is being used as a sentence.

They will not believe a ridiculous claim like this and you are a newbie. Perhaps you should build your reputation first then maybe we will read the whole story behind it.

I am not comparing the two. I am comparing limited supply of phones and coins by using an argument from analogy. See the OP(edited).

[Eugenar]

Why would you even compare it to a mobile phone?
As you can see all of the alt's didn't even replace or overtake Bitcoin in the past 10 years so how could you even compare it to the first mobile phone?
You are just one of those people who doesn't believe in Bitcoin and how could you say that it can only go down when it already proves that it can go up so many times before.

If the OP really want to compare the cryptocurrency and bitcoin to a cellphone, the best analogy would be like this:

Technology and cellphone's market price is getting lower as time passes by. Because if we can see, when there is new technology coming up in the market,  old phone models become cheap. In comparison to bitcoin and cryptocurrency, even if there are new coins in the market, the market price of the Bitcoin becomes higher and higher. Competition between coins become better as well as the competition to investors, as a result, better cryptocurrency is being developed.

[Darooghe]

People have been saying it’s dying or something like that for years, but the whole crypto world is entering a new phase of it's evolution, don’t expect it all to happen in a year. The hurdles will make it better and more practical, and the hypers are dropping off forever, real value will remain. the most important thing to keep in mind during slowdown is that it's normal for the crypto market to have negative month or year it's part of the cycle, By staying calm and not making any sudden moves, you'll save yourself from becoming a bear's lunch. Like do not sell just be patient and wait till it will grow or buy cheap now.

[Lucius]

In my example I assumed limited supply of Motorola cellular phones. Meaning, Motorola phones(P) and Bitcoin(Q) are similar in respect to limited supply(x). Then I made the second premise: limited supply of Motorola phones wouldn't lead to drastic price growth because people would simply produce their own cellular phones - they would simply produce their own wireless communication devices(y). And then the conclusion followed: limited supply of Bitcoin won't lead to drastic price growth because people will simply produce their own coins - they will simply design their own crypto payment systems (y).

And this is exactly what is happening with the inflation of altcoins - people are designing their own crypto payment systems. Simply, there is no rational reason for people to enter into fast, transparent and cheap payment system(Bitcoin) for $7K, or even for $10, if they can enter such system for $0.001(altcoins) or if they can design their own systems.

That is also the reason why Bitcoin is a mega-bubble and can only go down to the price of an average coin.

Unfortunately, your assumptions don't work the way you imagine, because Bitcoin is not even similar to phones. When you say that people will just "produce their own phones", do you know anyone who is instead of buying a smartphone, produces one on its own?

Of course the situation with cryptocurrency completely different, they are made in the thousands, because it is very easy to do that. But Bitcoin's price is not depending on several thousand altcoins, the fact that they exist does not mean that they are accepted by the community, nor will they be in the future.

Do you know that anyone can buy/invest in any amount of Bitcoin, even a few $ worth? Bitcoin is actually very cheap, reliable and fast, but I doubt you will ever change your mind about that.

So I suggest you show us by your own example how you can accomplish something better, make your own phone and your coin, you say anyone can do it, show us how easy is to achieve something like that.

[pundit]

Imagine that Motorola - the first company which manufactured a truly wireless communication device in 1983, designed its production system so that it can produce only 10,000 mobile phones a year. Now, does that mean these phones would have been more scarce every single day because the population is almost required to increase its demand? And would that mean the price of Motorola phones will rise to $1,000,000? No. Why? Because people will simply associate and produce their own wireless communication devices, as these devices are just chips, resistors, transistors, capacitors, inductors, and diodes joined together the right way. And it s not only Motorola that is capable to put electronic components together.

In the same sense, bitcoin is just numbers associated to addresses. These numbers are transferred through the network from one address to another via some protocol. And it is not only Satoshi Nakamoto who is capable to design such paying system. This system is not Michelangelo's Pietà or Leonardo da Vinci's Mona Lisa. It is just numbers, addresses, database, and protocols. Everybody is capable to create that. So, no rational reason exists for bitcoin to cost 1,000,000 dollars. There is no reason for people to enter into fast, transparent and cheap payment system for $1,000,000, or even $10, if they can enter it for $0.001(altcoins) or if they can associate and design their own crypto payment system.

Bitcoin is simply a mega-bubble that diminished people's ability to think rationally. Bitcoin can only go down to the price of an average coin. Just like Motorola's phones have prices of average phones.

Edit:

I see a lot of responders saying I cannot compare Motorola as a company with Bitcoin. Well, I am not comparing the two. I am comparing limited supply of phones and coins by using an argument from analogy. This argument does not assert that the two things are identical, only that they are similar. The structure or form of this argument may be generalized like so:

P and Q are similar in respect to property x.
P has been observed to have further property y.
Therefore, Q has property y also.

In my example I assumed limited supply of Motorola cellular phones. Meaning, Motorola phones(P) and Bitcoin(Q) are similar in respect to limited supply(x). Then I made the second premise: limited supply of Motorola phones wouldn't lead to drastic price growth because people would simply produce their own cellular phones - they would simply produce their own wireless communication devices(y). And then the conclusion followed: limited supply of Bitcoin won't lead to drastic price growth because people will simply produce their own coins - they will simply design their own crypto payment systems (y).

And this is exactly what is happening with the inflation of altcoins - people are designing their own crypto payment systems. Simply, there is no rational reason for people to enter into fast, transparent and cheap payment system(Bitcoin) for $7K, or even for $10, if they can enter such system for $0.001(altcoins) or if they can design their own systems.

That is also the reason why Bitcoin is a mega-bubble and can only go down to the price of an average coin, and not up to the moon.

I am very positive about Bitcoin but your post made me think deeply about it. It is true that Bitcoin payment system is not something which cannot be developed by anyone else and current value of $8000 is more than high for a single coin of a payment system, On the other side I believe value of anything depends upon market sentiments, If demand increases, its value increase and same has happened to Bitcoin as well in late 2017. Let see what has been cooked for us in future.

[noormcs5]

Imagine that Motorola - the first company which manufactured a truly wireless communication device in 1983, designed its production system so that it can produce only 10,000 mobile phones a year. Now, does that mean these phones would have been more scarce every single day because the population is almost required to increase its demand? And would that mean the price of Motorola phones will rise to $1,000,000? No. Why? Because people will simply associate and produce their own wireless communication devices, as these devices are just chips, resistors, transistors, capacitors, inductors, and diodes joined together the right way. And it s not only Motorola that is capable to put electronic components together.

In the same sense, bitcoin is just numbers associated to addresses. These numbers are transferred through the network from one address to another via some protocol. And it is not only Satoshi Nakamoto who is capable to design such paying system. This system is not Michelangelo's Pietà or Leonardo da Vinci's Mona Lisa. It is just numbers, addresses, database, and protocols. Everybody is capable to create that. So, no rational reason exists for bitcoin to cost 1,000,000 dollars. There is no reason for people to enter into fast, transparent and cheap payment system for $1,000,000, or even $10, if they can enter it for $0.001(altcoins) or if they can associate and design their own crypto payment system.

Bitcoin is simply a mega-bubble that diminished people's ability to think rationally. Bitcoin can only go down to the price of an average coin. Just like Motorola's phones have prices of average phones.

Edit:

I see a lot of responders saying I cannot compare Motorola as a company with Bitcoin. Well, I am not comparing the two. I am comparing limited supply of phones and coins by using an argument from analogy. This argument does not assert that the two things are identical, only that they are similar. The structure or form of this argument may be generalized like so:

P and Q are similar in respect to property x.
P has been observed to have further property y.
Therefore, Q has property y also.

In my example I assumed limited supply of Motorola cellular phones. Meaning, Motorola phones(P) and Bitcoin(Q) are similar in respect to limited supply(x). Then I made the second premise: limited supply of Motorola phones wouldn't lead to drastic price growth because people would simply produce their own cellular phones - they would simply produce their own wireless communication devices(y). And then the conclusion followed: limited supply of Bitcoin won't lead to drastic price growth because people will simply produce their own coins - they will simply design their own crypto payment systems (y).

And this is exactly what is happening with the inflation of altcoins - people are designing their own crypto payment systems. Simply, there is no rational reason for people to enter into fast, transparent and cheap payment system(Bitcoin) for $7K, or even for $10, if they can enter such system for $0.001(altcoins) or if they can design their own systems.

That is also the reason why Bitcoin is a mega-bubble and can only go down to the price of an average coin, and not up to the moon.

I am very positive about Bitcoin but your post made me think deeply about it. It is true that Bitcoin payment system is not something which cannot be developed by anyone else and current value of $8000 is more than high for a single coin of a payment system, On the other side I believe value of anything depends upon market sentiments, If demand increases, its value increase and same has happened to Bitcoin as well in late 2017. Let see what has been cooked for us in future.

Bitcoin current price is not 8000$ and in 2017, it was more manipulation than the demand which actually increased the bitcoin price.
But still i am very much confident that bitcoin price will grow steadily and will reach its high again.
I simply do not like the example of the phone comparison with bitcoins and i am very much optimistic about the bitcoin.

[kryper]

Imagine that Motorola - the first company which manufactured a truly wireless communication device in 1983, designed its production system so that it can produce only 10,000 mobile phones a year. Now, does that mean these phones would have been more scarce every single day because the population is almost required to increase its demand? And would that mean the price of Motorola phones will rise to $1,000,000? No. Why? Because people will simply associate and produce their own wireless communication devices, as these devices are just chips, resistors, transistors, capacitors, inductors, and diodes joined together the right way. And it s not only Motorola that is capable to put electronic components together.

In the same sense, bitcoin is just numbers associated to addresses. These numbers are transferred through the network from one address to another via some protocol. And it is not only Satoshi Nakamoto who is capable to design such paying system. This system is not Michelangelo's Pietà or Leonardo da Vinci's Mona Lisa. It is just numbers, addresses, database, and protocols. Everybody is capable to create that. So, no rational reason exists for bitcoin to cost 1,000,000 dollars. There is no reason for people to enter into fast, transparent and cheap payment system for $1,000,000, or even $10, if they can enter it for $0.001(altcoins) or if they can associate and design their own crypto payment system.

Bitcoin is simply a mega-bubble that diminished people's ability to think rationally. Bitcoin can only go down to the price of an average coin. Just like Motorola's phones have prices of average phones.

Edit:

I see a lot of responders saying I cannot compare Motorola as a company with Bitcoin. Well, I am not comparing the two. I am comparing limited supply of phones and coins by using an argument from analogy. This argument does not assert that the two things are identical, only that they are similar. The structure or form of this argument may be generalized like so:

P and Q are similar in respect to property x.
P has been observed to have further property y.
Therefore, Q has property y also.

In my example I assumed limited supply of Motorola cellular phones. Meaning, Motorola phones(P) and Bitcoin(Q) are similar in respect to limited supply(x). Then I made the second premise: limited supply of Motorola phones wouldn't lead to drastic price growth because people would simply produce their own cellular phones - they would simply produce their own wireless communication devices(y). And then the conclusion followed: limited supply of Bitcoin won't lead to drastic price growth because people will simply produce their own coins - they will simply design their own crypto payment systems (y).

And this is exactly what is happening with the inflation of altcoins - people are designing their own crypto payment systems. Simply, there is no rational reason for people to enter into fast, transparent and cheap payment system(Bitcoin) for $7K, or even for $10, if they can enter such system for $0.001(altcoins) or if they can design their own systems.

That is also the reason why Bitcoin is a mega-bubble and can only go down to the price of an average coin, and not up to the moon.

I am very positive about Bitcoin but your post made me think deeply about it. It is true that Bitcoin payment system is not something which cannot be developed by anyone else and current value of $8000 is more than high for a single coin of a payment system, On the other side I believe value of anything depends upon market sentiments, If demand increases, its value increase and same has happened to Bitcoin as well in late 2017. Let see what has been cooked for us in future.

Hmmm, it`s hard to say, let`s see ...

[Xxmodded]

Always have condition where is some thing with higher and lower price like what happen with bitcoin, some time bitcoin can raise to higher price but other time bitcoin have goes down with lower price. Many time we faced moment with bitcoin on the top but just closed our eyes and looking bitcoin have lower price, this moment to give chance to buy and sell bitcoin.

[Wysi]

Always have condition where is some thing with higher and lower price like what happen with bitcoin, some time bitcoin can raise to higher price but other time bitcoin have goes down with lower price. Many time we faced moment with bitcoin on the top but just closed our eyes and looking bitcoin have lower price, this moment to give chance to buy and sell bitcoin.

Yes fluctuations are a part of crypto market and this is a very generic information wherein this OP thread was create to know the reason why the Bitcoin's value was dropped since last 10 days and let's share our thoughts with market affair which will help others. I think this was a planned dump to buyback at lesser price.

[Lauren Smith]

Lol, numbers he says.  

Everything is based on numbers my dear boy. Everything you see is based on numbers on a molecular level. Atoms are made of molecules and each one its own code. Your bank account just numbers too. Your body DNA too. What is your point exactly? If you want to use altcoin because you can send $0.0001 then use altcoin. Most people just so happn yo use bitcoin. Also these altcoins you talking of? Name them please. How secure are they? Are you sure they better then bitcoin? Bitcoin is backed by the most miners and usage and holdings. So eh.... Explain yourself my dear sir.

[coolcoinz]

I am not comparing the two. I am comparing limited supply of phones and coins by using an argument from analogy. See the OP(edited).

The price is not only determined by the supply. Where did you come up with this idea?
There's always a peak of interest with these things. Motorola also had its peak. Blackberry had its, Nokia had its own when they were making 3310, Bitcoin is still far from it's own. Peak of interest is when you hear everyone talking about it and when you see people using it every day. When Motorola Razr came out in 2005 you could see one out of 5 phone users with these thing. They were in the movies, everywhere. When you see this happening to Bitcoin come here and bump this thread. We'll have a good laugh.

Just as I'm writing this Bitcoin is going up. What happened to "it can only go down"?

[nreal]

I don't understand why you compare phones, a consumer product (the value will definitely decrease over time and possibly fail) with bitcoin. What is the logic here? On the other hand the argument is that People can create bitcoins other than bitcoin1, bitcoin2, ... but the fact is that the community only accepts bitcoin. Motorola phones can be replaced by other phones but nothing can replace bitcoin and its community.

[arcmetal]

P and Q are similar in respect to property x.
P has been observed to have further property y.
Therefore, Q has property y also.

In my example I assumed limited supply of Motorola cellular phones. Meaning, Motorola phones(P) and Bitcoin(Q) are similar in respect to limited supply(x). Then I made the second premise: limited supply of Motorola phones

Even your P and Q statement would be considered really poor deductive reasoning.

Just because YOU label that something is similar does not make it so. ... For your deductive proof to work, Q would need to be a subset of P.  Here are some examples of useful statements:

Elephants have cells in their bodies and all cells have DNA. Therefore, elephants have DNA.

All noble gases are stable. Helium is a noble gas, so helium is stable.

Here are examples of poor deductive reason (because poor assumptions are made, that is, Q is not necessarily a subset of P, or we have no proof of their properties matching up):

All swans are white. Jane is white. Therefore, Jane is a swan.

All farmers like burgers. Jethro likes chicken wings. Therefore, Jethro is not a farmer.

The above was taken from:
https://examples.yourdictionary.com/deductive-reasoning-examples.html

[Aikidoka]

I don't even know how he's comparing phone's brand with bitcoin, I meant both of those things are completely different. It's really bad to share negativity here in the forums while it's based on wrong explanation. We're talking here about a crypto currency and not a mobile phone, bitcoin is even more valuable that such Motorola phones. Also, we're seeing that bitcoin was dominating the market since 10 years ago, so noting here seems logic of what the OP said.

[darkangel11]

I don't even know how he's comparing phone's brand with bitcoin, I meant both of those things are completely different. It's really bad to share negativity here in the forums while it's based on wrong explanation. We're talking here about a crypto currency and not a mobile phone, bitcoin is even more valuable that such Motorola phones. Also, we're seeing that bitcoin was dominating the market since 10 years ago, so noting here seems logic of what the OP said.

Those who don't understand what's going on with the market will look for ways to compare it with known facts. It's the same logic you use when you see something happen like a big light on the horizon. Maybe it's a plane crash, maybe it's fire, and in reality some guys are testing out their new strobes.
Crypto is unpredictable and saying it can only go down will make you look like a fool. How will you explain that it went up $1000 in 3 days, OP?

[shoreno]

I don't even know how he's comparing phone's brand with bitcoin,

bitcoin is also a brand of crypto  . i guess that is why he compare btc to other brands and he uses phone as an object to compare btc with  .

I meant both of those things are completely different. It's really bad to share negativity here in the forums while it's based on wrong explanation.

its not sharing negativity and its not also bad to share negative talks here because anyone can post here what they want  . that is his own explanation so he think that its true .

We're talking here about a crypto currency and not a mobile phone, bitcoin is even more valuable that such Motorola phones. Also, we're seeing that bitcoin was dominating the market since 10 years ago, so noting here seems logic of what the OP said.

phone's are also valueable because they are useful same as btc , btc is valueable because its also useful  . motorola brands are not that bad but they also upgrade thier phone based on what is the latest trend  .

[kissme09]

I bet you did not really do any investigation about DOTcom bubble, right?
I think bitcoin and the whole market is not far different from. but investors know that, so bubble did now blow (yet)
but I don't think it will, cause even after dotcom, still many companies alive, so do the crypto market

[Slow death]

[...]

I partly agree with what you said, few days ago I read once again an absurd prediction and I thought:

Do people really believe that just because supply is limited and because we will have the next halving price should be $250,000 by 2022 or $500,000 by 2020? Or are trying to convince more people to buy bitcoin?

What if 5 years from now there have a better currency than bitcoin?

What if a few years from now governments create cryptos better than bitcoin?

I like bitcoin and the idea of ​​Hold, but I don't believe in those predictions of $ 250,000 or $ 500,000 or $ 1 million. I believe the price may rise relative to the current price and the number of people entering the crypto world will also increase in the future.

[patroncito]

Imagine that Motorola - the first company which manufactured a truly wireless communication device in 1983, designed its production system so that it can produce only 10,000 mobile phones a year. Now, does that mean these phones would have been more scarce every single day because the population is almost required to increase its demand? And would that mean the price of Motorola phones will rise to $1,000,000? No. Why? Because people will simply associate and produce their own wireless communication devices, as these devices are just chips, resistors, transistors, capacitors, inductors, and diodes joined together the right way. And it s not only Motorola that is capable to put electronic components together.

In the same sense, bitcoin is just numbers associated to addresses. These numbers are transferred through the network from one address to another via some protocol. And it is not only Satoshi Nakamoto who is capable to design such paying system. This system is not Michelangelo's Pietà or Leonardo da Vinci's Mona Lisa. It is just numbers, addresses, database, and protocols. Everybody is capable to create that. So, no rational reason exists for bitcoin to cost 1,000,000 dollars. There is no reason for people to enter into fast, transparent and cheap payment system for $1,000,000, or even $10, if they can enter it for $0.001(altcoins) or if they can associate and design their own crypto payment system.

Bitcoin is simply a mega-bubble that diminished people's ability to think rationally. Bitcoin can only go down to the price of an average coin. Just like Motorola's phones have prices of average phones.

Edit:

I see a lot of responders saying I cannot compare Motorola as a company with Bitcoin. Well, I am not comparing the two. I am comparing limited supply of phones and coins by using an argument from analogy. This argument does not assert that the two things are identical, only that they are similar. The structure or form of this argument may be generalized like so:

P and Q are similar in respect to property x.
P has been observed to have further property y.
Therefore, Q has property y also.

In my example I assumed limited supply of Motorola cellular phones. Meaning, Motorola phones(P) and Bitcoin(Q) are similar in respect to limited supply(x). Then I made the second premise: limited supply of Motorola phones wouldn't lead to drastic price growth because people would simply produce their own cellular phones - they would simply produce their own wireless communication devices(y). And then the conclusion followed: limited supply of Bitcoin won't lead to drastic price growth because people will simply produce their own coins - they will simply design their own crypto payment systems (y).

And this is exactly what is happening with the inflation of altcoins - people are designing their own crypto payment systems. Simply, there is no rational reason for people to enter into fast, transparent and cheap payment system(Bitcoin) for $7K, or even for $10, if they can enter such system for $0.001(altcoins) or if they can design their own systems.

That is also the reason why Bitcoin is a mega-bubble and can only go down to the price of an average coin, and not up to the moon.

This is the most stupid argument ever about Bitcoin. You can produce as many phones as you want.

Bitcoin is unique and it only allows humans to produce only 21 million ever.

This guy is just nonsense

[Hypnosis00]

(...)
That is also the reason why Bitcoin is a mega-bubble and can only go down to the price of an average coin, and not up to the moon.

This is the most stupid argument ever about Bitcoin. You can produce as many phones as you want.

Bitcoin is unique and it only allows humans to produce only 21 million ever.

This guy is just nonsense

He really doesn't know about Bitcoin and how it works. This kind of assumption and speculations don't have any basis which ironically won't make sense anymore. He is one of the fudders around and tried to mislead us, and he thinks that we are stupid enough to think that he was right.
For we know about Bitcoin for many years, and I'd never think that it will get into the point that it will be turning down deeper.

[amishmanish]

Bitcoin is not just numbers and hashes and addresses. Its main strength is adoption, network effect and a time-tested community of developers, users and businesses that trust the fact that it has no centralized authority, That is a lot of stuff that Motorola did not need to consider when it started manufacturing mobiles or when any of the others copied them.

All the other bags you hold have compromised at times or have centralized figureheads. Stop spewing bullshit and go back to whatever BCash or Craig Wright shit hole you are coming from. 

[pawanjain]

I think you are in a misconception that the limited supply of bitcoin is the only factor for it's price going bullish.
There are so many  other factors as well which derives the price of bitcoin, the most important being the trust which people have on bitcoin.
So comparing Motorola with Bitcoin with respect to it's limited supply is definitely inappropriate.

[krb91]

I really like the premise you used for your deduction-Motorola. One of the major factors in marketing is evolution.  The mobile phone industry is a fast-evolving one.  Within the last 10 years,  numerous advancements in the field of mobile phone development have been made. The question is ' How has Motorola evolved with the market'? Recently,  I heard they redesigned their Motorola Razr as an Android device. It's obvious that although they were the leading pioneers, they lost lost their advantage by being unable to evolve in the highly competitive market.


Will that be the case with Bitcoin?  No!  Why, because it not centralized, constantly evolving,  and a scare commodity. 

There really is no ground for the comparison of the both of them.

[seagates]

People are wiritng posts and articles like this after every price drop

[cryptoangel]

People are wiritng posts and articles like this after every price drop

peoples are writing the posts on every dip, But all are still fear the crypto platform because again market is start the fall so all the new investors are waiting for the further hype. This year we are all see many pump and dump in the market and next we are all expect the good hype on Bitcoin.

[Inkdatar]

I think you are in a misconception that the limited supply of bitcoin is the only factor for it's price going bullish.
There are so many  other factors as well which derives the price of bitcoin, the most important being the trust which people have on bitcoin.
So comparing Motorola with Bitcoin with respect to it's limited supply is definitely inappropriate.

Comparing these two is definitely not to be discussed. As obvious bitcoin has it's limited supply and once more adoption and more demands value could surge in the market. And I don’t see any other reasons bitcoin and Motorola should be compared.

[Artemis3]

Imagine that Motorola - the first company which manufactured a truly wireless communication device in 1983, designed its production system so that it can produce only 10,000 mobile phones a year. Meaning, it designed it to have limited supply. Now, does that mean Motorola phones would had become scarce due to the fact that phones are beneficial to people and the population was almost required to increase its demand? And does that mean the price of Motorola phones would had rised to $1,000,000? No. Why? Because companies had simply produced their own wireless communication devices. They had produced their own mobile phones, as these phones are just chips, resistors, transistors, capacitors, inductors, and diodes joined together the right way. And it s not only Motorola that was capable to put electronic components together.

In the same sense, bitcoin is just numbers associated to addresses. These numbers are transferred through the network from one address to another via some protocol. And it is not only Satoshi Nakamoto who is capable to design such paying system. This system is not Michelangelo's Pietà or Leonardo da Vinci's Mona Lisa. It is just numbers, addresses, database, and protocols. Everybody is capable to create that. So, no rational reason exists for bitcoin to cost $100, $1,000, $10,000, let alone $100,000, just because it is designed to have limited supply. There is no reason for people to enter into fast, transparent and cheap payment system for $100,000, if they can enter it for $0.001(altcoins) or if they can associate and design their own crypto payment system.

Bitcoin is simply a mega-bubble that diminished people's ability to think rationally. It is a mega-bubble even at $10. That is why it can only go down to the price of an average coin. Just like Motorola's phones have prices of average phones - even if they have more brand reputation and trust than for e.g. Huawei.

You seem to forget, that the other manufacturers made better products. That is not the case with altcoins. The demand for bitcoins has not diminished, which is why it has the price it has. It appears that, bitcoin is working as intended, and is undergoing the proof of time.

In a way, Bitcoin IS a work of art, a "Mona Lisa" as you say, while the others have only managed to make bad copies of it. There only 1 (true) Mona Lisa and there is only 1 Bitcoin. It even comes with its own certificate of authenticity...

What is the market price? Whatever the market dictates. It is my theory that as more time passes, fewer increments the price will have Zoom out please, and see for yourself. It will never go down, simply because its supply is limited, but it is getting less and less increments over time. The only reason it could go to 100k as you say, would be if the demand somehow skyrockets. Given the pass of time, i think this is less and less the case, most of those that wanted bitcoins have already obtained them, and they don't want to part with them unless absolutely necessary, as is the natural consequence of a deflationary coin.

Should the price deviate too much from its "natural place", it will correct sooner or later, quickly or slowly. There is no reason to worry or blame the market, even if you consider everybody else delusional. Fact is demand for bitcoin has also has its historical trend, reflected in the market price.

Ask yourself, why would people suddenly not want their bitcoins anymore? What could you possibly say or do that would change their minds, that has not already been tried during the last decade? Satoshi said it could fail miserably and be worthless as you claim, or that it would succeed. 10 years later, it has a price you may not agree with, but the world collective known as the market agrees upon.

Its basically you alone, vs the world.

Things get valued not by what it costs to produce them, but how useful are for you at any given moment. It is the same argument of the price of a cup of water in the desert or an ice cube in the Artic. The value of things as explained by the Austrian school of economy, is something you MUST study to understand the kind of economy Bitcoin is leading the world into.

You may live in a country where your perfect politicians never damage the currency by doing stupid things like printing to fit their ill conceived budgets, but those of us living under hyperinflation, find the likes of Bitcoin invaluable, even if we are destined to exchange it back every time we need to buy something. But at least its better than see your money lose value overnight. EVEN with bitcoin price fluctuations, it is keeping a huge lot of the value you invest in it, and sometimes it even INCREASES it...

In my country, a bitcoin is 250 MILLION, it was like 150 MILLION last week, that while its price in USD actually went down a bit. DO YOU get it? The people who find the coin useful are plenty enough to keep its price going up. There are some of us using it for real, literally eating because of it, even if the merchant selling the food has no idea because he got fiat money that was exchanged prior the transaction.

[Sadlife]

Bitcoin is unlike motorola that is only function is to be used as a tool while on the other hand bitcoin is a secured currency use to transfer tons of money around the globe without the need of personal details like paypal and banks so they're different things. The reason why people invest and love bitcoin is because of the profits and benefits you gain from it the freedom of not being restricted to use your own money like in centralized monetary system we have.

[airdnasxela]

The difference why your comparison is not a good one because they are very different in nature. The only reason why companies like Motorola wasn't able to adjust, is because the market is very dynamic. There's no constant with what people wants. And Motorola wasn't able to cope up with the demands. With what they're looking for. They were once famous, but because of growing competency that made more innovative phones than Motorola.  They should've made innovations with their product and didn't just stick to a single one. Same with Nokia. But with cryptocurrency, we all know that there's already a lot of altcoins coming, yet they still can't reach bitcoin. Bitcoin's value is volatile as well. No matter how others try to develop their coins, bitcoin will remain leading.

[ajiz138]

Lover and haters everywhere. Not only crypto. First of all I saw thousands of calculation like you.saw thousands of posts that bitcoin will be 0.01$ or bitcoin will be dead. But finally bitcoin is more than 7500$ right now.hope i will see same post when bitcoin price will be more than 30k$.but no matter bitcoin is bitcoin. Lovers will love and haters will hate.       

bitcoin price is currently quite high. We should be proud of the price of bitcoin, which is currently stable at $ 7k. The price of $ 7k is huge compared to the price of bitcoin in 2016. Don't just assume bitcoin will only go down. See the bitcoin graph from year to year. Bitcoin is increasingly rising. The rise and fall of bitcoin is a characteristic of fluctuating cryptocurrency.

[worle1bm]

Whenever the prices falls or when market witness dump or correction period there are lot of negative threads similar like you which tries to create FUD by making wrong calculations and judgements which have no base.Everytime people who hate it say it will be dead as it is bubble which will burst out but everytime btc surge from bottom points and reach higher level as 2017 crash bottemed the prices below $5k and now it has pump to above $8000 and will continue to surge even higher and reach ATH so have faith and HODL.

[cotton ball]

Lover and haters everywhere. Not only crypto. First of all I saw thousands of calculation like you.saw thousands of posts that bitcoin will be 0.01$ or bitcoin will be dead. But finally bitcoin is more than 7500$ right now.hope i will see same post when bitcoin price will be more than 30k$.but no matter bitcoin is bitcoin. Lovers will love and haters will hate.       

bitcoin price is currently quite high. We should be proud of the price of bitcoin, which is currently stable at $ 7k. The price of $ 7k is huge compared to the price of bitcoin in 2016. Don't just assume bitcoin will only go down. See the bitcoin graph from year to year. Bitcoin is increasingly rising. The rise and fall of bitcoin is a characteristic of fluctuating cryptocurrency.

After reached higher price from first start bitcoin launching to public now bitcoin have go down with lower price, always have moment with bitcoin on higher or lower price give us be careful when invest with bitcoin, have to know when bitcoin get positive respond from public to make price on higher and know when bitcoin in lower price.

[fortunecrypto]

If you are correct that Motorola could only produce 10,000 phones per year then it limited the number of people that could own them or obtain them. That is not the same as Bitcoin because even though there is a limited number of Bitcoins, they can be divided to eight digits. In other words it’s not just 21 million people that can own a Bitcoin. Every person on the planet could own a fraction of a Bitcoin. So there is no limit to the number of people that can own or obtain some Bitcoin.

That's true, that guy is misinformed and uneducated after ten years and still moving up people who still think that Bitcoin will burst do not do proper research on how Bitcoin evolves over the years, and we can't understand why people keeps saying all these things, would have been different if Bitcoin is just new here, but it's already ten years.

[michellee]

Lover and haters everywhere. Not only crypto. First of all I saw thousands of calculation like you.saw thousands of posts that bitcoin will be 0.01$ or bitcoin will be dead. But finally bitcoin is more than 7500$ right now.hope i will see same post when bitcoin price will be more than 30k$.but no matter bitcoin is bitcoin. Lovers will love and haters will hate.       

bitcoin price is currently quite high. We should be proud of the price of bitcoin, which is currently stable at $ 7k. The price of $ 7k is huge compared to the price of bitcoin in 2016. Don't just assume bitcoin will only go down. See the bitcoin graph from year to year. Bitcoin is increasingly rising. The rise and fall of bitcoin is a characteristic of fluctuating cryptocurrency.

After reached higher price from first start bitcoin launching to public now bitcoin have go down with lower price, always have moment with bitcoin on higher or lower price give us be careful when invest with bitcoin, have to know when bitcoin get positive respond from public to make price on higher and know when bitcoin in lower price.

I think we will see bitcoin price will going on to fluctuate in the future, especially if the price is at a higher price. It seems before we reached the highest price, the price goes down many times, but we can hope that the price will be increased after the down of the price. And we will have more chances to buy bitcoin at a low price and sell at a high price. I don't think that bitcoin will only go down without any chance to go up because bitcoin will be volatile.

[EdenHazard]

Whenever the prices falls or when market witness dump or correction period there are lot of negative threads similar like you which tries to create FUD by making wrong calculations and judgements which have no base.Everytime people who hate it say it will be dead as it is bubble which will burst out but everytime btc surge from bottom points and reach higher level as 2017 crash bottemed the prices below $5k and now it has pump to above $8000 and will continue to surge even higher and reach ATH so have faith and HODL.

Bitcoin has died more than hundreds times!
Yet we are here in quite decent price with a lot of supportive projects behind . You can call it whatever.. bitcoin has proven those people who doubting bitcoin since long time ago are completely wrong.

Well doesn't matter it falls dow to the lowest, it would always be a good news for me

Even since the beginning when people laughing at the early adopters that money called bitcoin will not worth anything but shit.
Those early adopters are billionaires running business everywhere.

[jostorres]

Well, there are limited Bitcoin, but you're forgetting one thing – that Bitcoin can be broken down to fractions called Millibitcoins and Satoshis, and when breaking down to these numbers you will see that the amount will increase – one Bitcoin is equal to 100 million Satoshis, if you multiply that number 26 million bitcoins that is a lot of numbers. And as people continue to buy and sell bitcoins and the demand for it increases you will also see the price of one Bitcoin increases, and as the price of Bitcoin increases the worth of one Satoshi increase with it.

You might be surprised that one day the price for one Satoshi will be $1. Just saying… we can't really tell the future.