Why bitcoin will never fall?

[fl1pex]

First: Bitcoin survives thanks to mining.
Second: Bitcoin has already been through falls and several bearish trends. This is a very persistent asset. Its system is designed in such a way that rate corrections and other adverse market conditions will not pose a threat to the existence of Bitcoin.
Third: it is very banal, but it is used by a very large number of people working with cryptocurrency. Bitcoin is like a dollar, only in the cryptocurrency world, well, it is worth an order of magnitude higher)
Well, another thing that can be said is that they invest in it and sell it and buy it. And this keeps the market going
Of course, this is all very superficial, but you should not worry that it will start to fall heavily at some point (although I think that when it falls heavily and then there will be a strong jump)

[Bitcoinislife09]

First: Bitcoin survives thanks to mining.
Second: Bitcoin has already been through falls and several bearish trends. This is a very persistent asset. Its system is designed in such a way that rate corrections and other adverse market conditions will not pose a threat to the existence of Bitcoin.
Third: it is very banal, but it is used by a very large number of people working with cryptocurrency. Bitcoin is like a dollar, only in the cryptocurrency world, well, it is worth an order of magnitude higher)
Well, another thing that can be said is that they invest in it and sell it and buy it. And this keeps the market going
Of course, this is all very superficial, but you should not worry that it will start to fall heavily at some point (although I think that when it falls heavily and then there will be a strong jump)

Bitcoin will never fall because bitcoin is already supported by so many people. In bitcoin someone can gain and earn so much money. In bitcoin you can make your money grows bigger and higher. You can make your time and effort so very productive through bitcoin. There are so many websites that are accepting bitcoin inveatment. Through bitcoin investment you just have to invest your money and wait for the charts and trades and from that you may gain so much return on investment. You may have so much money and use it for your monthly bills.

[mk4]

Bitcoin is like a dollar, only in the cryptocurrency world, well, it is worth an order of magnitude higher)
Well, another thing that can be said is that they invest in it and sell it and buy it. And this keeps the market going

This is a really bad example. You can also buy/sell(exchange) pretty much all fiat currencies. One of the biggest differences between bitcoin and the dollar when talking about value(in general) is that bitcoin's total supply can't be printed/inflated at will; in contrast to the US dollar whereas Jerome Powell of the federal reserve is going full on BRRR[1] on the US dollar.



[1] https://brrr.money/

[skiorf]

bitcoin's total supply can't be printed/inflated at will; in contrast to the US dollar whereas Jerome Powell of the federal reserve is going full on BRRR[1] on the US dollar.

Bitcoin is very valuable indeed because Bitcoin cannot be printed anymore, from the beginning until now the volume of Bitcoin is only 21 million Bitcoin will not increase or decrease. Bitcoin is not Unlimited like the US dollar FIAT that you describe that always prints the Fiat Currency so the price will not be fixed.

Bitcoin is an alternative investment for digital currencies with several advantages and disadvantages that are known by every investor.

[pawanjain]

The reason I think bitcoin will stay for a very long time is because day by day technology is emerging.
The world is moving towards digital economy and with the rise of tech, bitcoin being a revolutionary tech will keep rising over the years.
Bitcoin is already popular among the tech world people and us 'the crypto community'.
I believe the popularity will rise over the years and this is why bitcoin will never all.

[Lordshiva]

Bitcoin is like a dollar, only in the cryptocurrency world, well, it is worth an order of magnitude higher)
Well, another thing that can be said is that they invest in it and sell it and buy it. And this keeps the market going

This is a really bad example. You can also buy/sell(exchange) pretty much all fiat currencies. One of the biggest differences between bitcoin and the dollar when talking about value(in general) is that bitcoin's total supply can't be printed/inflated at will; in contrast to the US dollar whereas Jerome Powell of the federal reserve is going full on BRRR[1] on the US dollar.



[1] https://brrr.money/

totally agree with you sir and also thanks to you for making us understand things like that....also bitcoin can not be controlled by any of the particular government at will which also makes it unique from other currencies

[mk4]

Bitcoin is very valuable indeed because Bitcoin cannot be printed anymore, from the beginning until now the volume of Bitcoin is only 21 million Bitcoin will not increase or decrease.

A better description would be that extra bitcoin can't be generated above the current 12.5(and soon 6.25) BTC block reward. Because bitcoins are definitely still getting generated and being inserted into the markets right now, and it will be like this for a while until the block reward gets so low that barely any BTC is getting generated.

[sunsilk]

It has been dead for many times, 380 times as recorded by https://99bitcoins.com/bitcoin-obituaries/

And that's a lot of times that it has been declared yet it's still alive and kicking despite of all of those declaration made and calls for bitcoin as a dead coin.

People will see how valuable it is now. The injections of dollar and possibly other currencies too to fight the crisis that we have will lead many to look for an alternative option to save their investments value and that can be bitcoin.

It cannot be injected or reproduce that's why it's one reason why it's going to become stronger.

[dothebeats]

I wouldn't really be religious in saying that bitcoin will never fall. Not being a pessimist but there will surely be better iterations of bitcoin that would eventually be used by a lot of people around the world. While the points stated above are true, bitcoin simply does not appeal to the masses because the concept of it is too young for people to fathom. In the later years, perhaps, people would soon realize that bitcoin--or cryptocurrencies in general--are the real deal and not fiat.

[Quidat]

First: Bitcoin survives thanks to mining.
Second: Bitcoin has already been through falls and several bearish trends. This is a very persistent asset. Its system is designed in such a way that rate corrections and other adverse market conditions will not pose a threat to the existence of Bitcoin.
Third: it is very banal, but it is used by a very large number of people working with cryptocurrency. Bitcoin is like a dollar, only in the cryptocurrency world, well, it is worth an order of magnitude higher)
Well, another thing that can be said is that they invest in it and sell it and buy it. And this keeps the market going
Of course, this is all very superficial, but you should not worry that it will start to fall heavily at some point (although I think that when it falls heavily and then there will be a strong jump)

Nothing is assured when we do talk about the future.. Never fail you say?
Theres no such thing about that even if we do see that bitcoin is mainly supported and been used by many but doesnt mean that its unreplaceable.
Nothing do last forever but somewhat it do able to retain its spot for how many years already and i agree that there are already lots of ups and downs
towards this coin but still we do see the demand is still high and that what makes this one valuable and cant be easily outranked by other.

[ololajulo]

Bitcoin has the security, adoption, trust, community and wider dispersion. More than 42 million wallets and more than 5 % of Americans bitcoin purchase. Americans fund in the space would be a force in coming months, adoption is now led by top billionaires in the country which i think will improve sentiment for adoption both from the rich and medium earners . As long as mining also continues the security is maintained and other development follows. 

[samcrypto]

That’s what happened when we reached the level of $3k again and it jumps off to the level of $5k, which can be consider a real quick bounce. Bitcoin seems to be a safe haven to some people but we have to admit that bitcoin is just a normal currency too where it pumps and dumps. We will see a more dump prices but we should be happy on that because I know that’s the only way for us to buy cheaper bitcoin, and allows us to hold more bitcoin.

[jhonjhon]

It simply because we don't want it to happen. Many were in panic selling but it much more (or majority) are in the hold and protecting not to fall into the drama. Someone is selling and many were buying. This thing may help the market not to dump as some people think about it.
Well, It may be because they are thinking of the outbreak but not actually we are lock into the local market when it dumps crypto market will do the same.

[exstasie]

Let me play devil's advocate.

First: Bitcoin survives thanks to mining.

In the bootstrapping phase, yes. Miners were the original BTC investors. Now the roles have reversed. People build mining operations based on perceived profitability. If BTC goes to $0 and stays there, miners will just abandon it.

Second: Bitcoin has already been through falls and several bearish trends. This is a very persistent asset. Its system is designed in such a way that rate corrections and other adverse market conditions will not pose a threat to the existence of Bitcoin.

For ~10 years, during which the market is speculating about whether or not Bitcoin will be adopted or abandoned. In the scope of human history that's meaningless, and it doesn't prove the bold statement.

Of course, this is all very superficial, but you should not worry that it will start to fall heavily at some point (although I think that when it falls heavily and then there will be a strong jump)

Spoken like a true perma bull.

Don't get me wrong. I'm a long term Bitcoin bull, but I view it as a matter of probability. The possibility of failure has been reduced over this past decade, but it is not gone by any means. Perma bulls think Bitcoin is guaranteed to succeed and nothing could ever stop it. I think that's ridiculous. Looking back at human history, there is a strong possibility that BTC will be mostly abandoned, if not for superior technologies, then for tried and true forms of money.

[Smitty Werben Man Jensen]

would you feel happy if bitcoin fell ?, bitcoin will never touch the price of less than $ 1000,
even though some people say that Bitcoin is predicted to touch $ 1,000 it's still acceptable.
here everything can happen, if you have a bad scenario it can happen, make sure you have a good strategy

[fl1pex]

No, I think it will never be lower than 2-3 thousand

[fl1pex]

I am of course Russian (actually I'm on the English forum, just because there is a chance that the gift of merit is higher than that of the Russian) and the translator does not translate very well, but your answer is quite clear and I agree with it

[ethereumhunter]

would you feel happy if bitcoin fell ?, bitcoin will never touch the price of less than $ 1000,
even though some people say that Bitcoin is predicted to touch $ 1,000 it's still acceptable.
here everything can happen, if you have a bad scenario it can happen, make sure you have a good strategy

I am not happy if bitcoin fall but if that is what will happen, then I cannot do anything except wait for the lowest price and try to buy bitcoin again with that price. That will be a happy moment for me to buy bitcoin at the lowest price because I might never see such a price in the future. Behind of the sadness, there will be a happy moment to us, so you better don't feel too sad because who knows, you will have a chance to buy as much bitcoin as you can when the price is down too deep.

[btc_angela]

Failure is subject though, mining? of course, because there are incentives to mine bitcoin obviously, individuals or big entities will continue to mine as long as they are going to make money out of it. We won't be hear, 10 years or more has pass and bitcoin is still standing, the price goes on a bubble in 2017 and even though we have been through a lot of tough times, it is so resilient. I don't know why you compare bitcoin to dollar though, maybe what you mean is that bitcoin is like a currency.

[adaseb]

Here is the issue with bitcoin at the moment, its correlated with most world equity indicies like SPX500 and DOW30.

Sure they are inflating the dollar, and while BTC is deflationary currency its still follows many risk-on assets. Go to tradingview and click the + button and add an indices like SPX500 and look at an H4 chart and see how well they follow one another.

With all these corona infections and high unemployment numbers its only a matter of time when SP500 breaks the low of March and heads lower and will bitcoin follow? It might and have a big crash like before.