Why bitcoin will never fall?

[exstasie]

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.

One of my concerns is the wide expectation that we're looking at another 2008 or even another 1929. Sentiment wise, the market has already been climbing a wall of worry. I've seen lots of people buying puts and getting destroyed the last couple weeks.

These levels of stimulus and QE are truly unprecedented too. That's another thing that makes me cautious about getting too bearish. The Fed is literally buying junk bonds at this point: https://www.bloomberg.com/news/articles/2020-04-09/fed-unleashes-fresh-steps-for-as-much-as-2-3-trillion-in-aid

This is all terrible for future inflation rates, but as far as the markets go, this crash still looks like 1987. For now.

[Saisher]

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)

I support your statement, and this is by far the biggest challenge Bitcoin is facing, there's no big crisis like this because there's not a pandemic for the last 100 years, and it's very surprising that Bitcoin is still bouncing back, after this  all small obstacles will be overcome.

[LogitechMouse]

Bitcoin is like a dollar, only in the cryptocurrency world, well, it is worth an order of magnitude higher)

Bitcoin is like dollar??? Then why did Satoshi spend countless hours creating Bitcoin if it will be the same as the dollar then?? Useless opinion of yours.
Any government can print dollar or any other currency that they have anytime they want so it is inflationary while in Bitcoin you can't change the total supply of it which is 21,000,000 so it is deflationary. This statement is enough already to differentiate the 2 currencies.
Overall, as long as there are people using Bitcoin it will never fall. See the altcoins who doesn't have any people that are using. They ended up being a dead or a scam coin. It will not happen to Bitcoin since it is the most used cryptocurrency in the world and most trusted. No way it will fall.

[Dart18]

Yes, that is true.
Even if it goes down, the buyers will still be there to pump it and resurrect the value of it.

But, we don't have to worry about that by now.
It is still on its way into being popular specially now.
I don't think you also want to get change by physical coins by now because you might get a virus.
Bitcoin is the solution, they just don't want to admit it.

[Yamifoud]

Bitcoin is just losing its value but not its numbers. May the others sell their 100 Bitcoins but many are also buying it.
This might be the reason why we can't see Bitcoin fall into zero value but rather to keep seeing it up and down. A roller-coaster trend will signify that not all of us are riding all the way in one direction, there's always having in the different and opposite directions.

And to the fact that Bitcoin existed for more than a decade already is just because many people are supporting this and we don't easily give up even crisis arose in the market.

[Reid]

Truly, I don't worry much.

Maybe for those who have invested their life savings. Yeah, they should worry.
But it should not be that way right?
Just the right amount will do fine once every month.
The good thing is it might take long before everything will be fruitful. This is just the start.
So, we have more time to keep saving bitcoin instead of just waiting for the bank to give back the little interest.

[fullhdpixel]

Buyers are not always there to pump up the price, they are mainly there when the price goes down way too much, because nobody really thinks bitcoin should worth too little, we value it too much and whenever the price goes down we do help it go back up with our purchasing since we see bitcoin going down as a discount price on bitcoin and that causes it to go up when we all end up buying.

However let's not act like price never falls, we were above 10k just this year in 2020, right now we are under 7k, that is a huge drop that as you can see hasn't recovered just yet, which means not all drops have a bounce back. Sure we do not go down too much but we do go down a bit, that is how bitcoin movements work, it goes down  A LOT (like from 10k to under 4k) and then recovers a bit (like from under 4k to around 7k).

[DoublerHunter]

^ Definitely right, dont worry much because Bitcoin will never fall. Probably there is a small correction that may occur but that is only a small correction. From time to time Bitcoin will resist its price, while you are holding only the value on it was probably lost but the quantity or number of Bitcoin you have held will remain the same. Bitcoin will never fall because there are demand and supply that makes Bitcoin fluctuate the price.

[Oceat]

There's no way people would just abandon Bitcoin just because it is starting to drop or someone tip them off that Bitcoin will going to die. Bitcoin has been massacred in the past a hundred more times because they saw that their investment is failing and it pushes them to sell low like they blame Bitcoin for that, where in fact it's the supply and demand makes it possible to move up and down. Despite of the market manipulation Bitcoin will still going to survive because it is an innovative creation of technology.

[uray]

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.

If mining is the only done for profit then once the halving takes place you will not find many miners mining the coin if the price does not go up as they will not even break even to the expense they are encountering mining the coin,the miners need to find a solution to overcome these situation if the price does not go up as expected.

[DevilSlayer]

^ Definitely right, dont worry much because Bitcoin will never fall. Probably there is a small correction that may occur but that is only a small correction. From time to time Bitcoin will resist its price, while you are holding only the value on it was probably lost but the quantity or number of Bitcoin you have held will remain the same. Bitcoin will never fall because there are demand and supply that makes Bitcoin fluctuate the price.

The recent correction is not shallow because it is too deep that indicating that the selling pressure is very high. The current price of the bitcoin resists in its major resistance arounf $7000 and for there will a bounce that will happen. I'm looking for entry and I'm just waiting the right time to buy but I will only allocate small amount percentage of my portfolio because the market is too volatile and therr is possibility that my bias turned against me.

[BlackFor3st]

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)

All of these are not enough if all the governments will counter bitcoin by banning it and all the users will fined or jailed if they will be found using it. But don't worry, these scenario is very close to impossible to happen because of the wide adoption of bitcoin and the big whales are favoring it over other currencies.

So in your statement, I will side with you that as of this moment bitcoin will never fall if there will be no intervention with all the governments which is very rare to happen in the future. 

[BrewMaster]

^ Definitely right, dont worry much because Bitcoin will never fall. Probably there is a small correction that may occur but that is only a small correction. From time to time Bitcoin will resist its price, while you are holding only the value on it was probably lost but the quantity or number of Bitcoin you have held will remain the same. Bitcoin will never fall because there are demand and supply that makes Bitcoin fluctuate the price.

The recent correction is not shallow because it is too deep that indicating that the selling pressure is very high. The current price of the bitcoin resists in its major resistance arounf $7000 and for there will a bounce that will happen. I'm looking for entry and I'm just waiting the right time to buy but I will only allocate small amount percentage of my portfolio because the market is too volatile and therr is possibility that my bias turned against me.

you are looking at the size of the drop instead of also taking into consideration the duration of the drop.
you see dumping bitcoin price is not a hard thing. on any exchange a large sell off can easily cause a very big drop. 40% is tiny in comparison. it can be dropped down to $100 or less. but the important part is if it could last there.
because exchanges are scams waiting to happen, a lot of traders stay away from them as often as they can. so when a drop happens it takes time for them to go buy the cheap coins. if you look at the recent drop you can see that the $3800 didn't last at all. as soon as traders go the whiff of the drop they rushed to buy it and price jumped back up. so in fact the recent drop that bitcoin had was only from $9k to $7k or about 22%.
in short there weren't that big a selling pressure, there was only a sudden panic sell that was most probably a whale manipulation.

[Findingnemo]

Bitcoin might fail several times but the real thing is it got recovered from all the failures and made a comeback after them and price that why we need to hold the decentralized assets for payment or for investment.

Conspiracy: It as created by the Illuminati community so it will never fail.

[Kelvinid]

And it happens oftentimes. We've come to this kind of market and nothing anew to see, dumps and pumps come along in time.
Some people weakens while the others get stronger. Some sell their Bitcoin but the others catch it. We have this market for more than a decade already and that it simply means that the crypto market already has a strong foundation.

Conspiracy: It as created by the Illuminati community so it will never fail.

It surprises me but something it could help and maybe it was the reason. Well, thanks Illuminati community but I'm not really thinking about it.

[Kong Hey Pakboy]

Even how many times bitcoin will make a huge dumps or pumps to it's price, it will not die because it is still normal due to it's volatility. Bitcoin can still recover it's price as soon as possible because there are still people who can hold their bitcoin until the very end just to maintain their long term investment, that is why bitcoin will never fall.

[Ridwan Fauzi]

Because its function and its feature.

I mean, we need bitcoin for the solution of human being in the future.

Money fiat doesn't run correctly, most of them are manipulated.

But when you see bitcoin and some altcoins I think it is far from manipulation and can help many people for their daily life.

[Questat]

Bitcoin fall but will never fail.. that's how bitcoin works for now due to its volatility.
in the past, it's been falling hard many times, some people even think that it will not recover anymore but it always prove to be a strong asset.

this time around, it fall to $4K but it did rise again, so that's the beauty of bitcoin and you'll gain if you are trading with its volatility.
its short term may not be so stable but its' long term has a great potential.

[Pamadar]

Bitcoin fall but will never fail.. that's how bitcoin works for now due to its volatility.
in the past, it's been falling hard many times, some people even think that it will not recover anymore but it always prove to be a strong asset.

this time around, it fall to $4K but it did rise again, so that's the beauty of bitcoin and you'll gain if you are trading with its volatility.
its short term may not be so stable but its' long term has a great potential.

Exactly, bitcoin unpredictable movements are benefits to those who understand this behavior. For some point it's really moving downwards but given some time it will bounce back and rise up again. If you do have good knowledge and you know how to handle risk the chance of collecting decent earning from this volatile situation is very possible to manage. Having the right mindsets and appreciates potentials will allow you to survive from this industry.

[Natalim]

Having the right mindsets and appreciates potentials will allow you to survive from this industry.

For bitcoin, we should put all our trust as bitcoin will not likely to fall, why? because it's bitcoin who is holding this market as altcoins do literally rely on bitcoin's success, if bitcoin will fail, the whole market will fail, that's the simple logic I believe why I hold bitcoin for long term.