Is bitcoin truly moving forward?

[BETTY B]

Yes, let's make a guess.
Although the global stock market is more than 70 trillion US dollars. But in the eyes of various financial derivatives, he is a younger brother. The total market value of global financial derivatives is approximately US$1400 trillion. (This is just my estimate, don't take it too seriously) Bitcoin needs a price of 60 million USD/unit. It can be comparable to the global total assets. The upper limit of Bitcoin in the next 100 years may be 60 million USD/unit discounted to the current price.

[Weawant]

Even the creator Satoshi Nakamoto won't recommend people to have Bitcoin be considered as a safe-haven asset. Bitcoin's price is too volatile enough not to be considered as one.

I don't think this was expected by the creator but now, Bitcoin went up dramatically. It only means that there is a chance that people would get disappointed when it drops. And this is a fact.

The increase of Bitcoin is not just remarkable, it was insane. People were only expecting it to increase at least 100USD per Bitcoin. But never though it would go this far. But then, this is actually a good problem.

Looking forward to Bitcoin's development in the next 5 years.

[maisao1991]

To me, bitcoin's rise up to this point is already a huge value, it has increased in price hundreds of thousands of times to reach the value it is now, Bitcoin's rise will depend on the market of investors as well as investors people who love it.

[Mr.sprin]

I was surprised to see the change in the price of bitcoin now, in 2018 the price of bitcoin fell drastically and I was disappointed because the bitcoin that I held fell in price but in 2021 I am more enthusiastic about holding bitcoin.

[SoeNan89]

If the price of the dollar falls then it is very good for the development of other countries' currencies to pay off their debts.  Btc is also very good if the dollar falls, because btc acts behind the dollar index.  While the dollar does not act like btc.  Because btc is from the people for the people and there is no state controller to regulate the price of btc as it affects the high dollar price because the export index is higher than the import index.

[Rajamuda]

To me, bitcoin's rise up to this point is already a huge value, it has increased in price hundreds of thousands of times to reach the value it is now, Bitcoin's rise will depend on the market of investors as well as investors people who love it.

and new things that can indeed help the price movement, although it is not certain... but so far it has proven that bitcoin has indeed had a very good role for everyone who knows about it.

[sapnu]

Just by considering when was this topic created and the current status of bitcoin at that moment compared to now, we can already conclude that bitcoin is really moving forward. Take a look at how much bitcoin's value has increased after it went to a bull run once again. Even though the value is going down right now, it is natural because corrections are much needed so that it would be stabilized more in the future with a high price. You just need patience and faith when it comes to bitcoin, all will pay off in the future so try to avoid being the one who regrets what he did with his investment in bitcoin.

[PIR]

It's to early to predict if Bitcoin moving forward, traders watching also and they can manipulate price of Bitcoin, they bought in low price and now they can sell it. If Bitcoin going to 15k$ many altcoin going down also,, many of them defend of Bitcoin price.

[jasonjm]

Yes! Whenever there is a new technology, people hesitate to accept it. Just look at the adaption of Bitcoin in past 10 years you will see a gradual increase in early years and somewhat sharp increase in past few years. This shows that Bitcoin is definitely moving forward with a bright future ahead

[blackened515]

I was surprised to see the change in the price of bitcoin now, in 2018 the price of bitcoin fell drastically and I was disappointed because the bitcoin that I held fell in price but in 2021 I am more enthusiastic about holding bitcoin.

If we study the price of Bitcoin right from when it started back then in 2009, we will realized that, Bitcoin is truly moving forward. Bitcoin was trading around $6k in October 2018, but dropped to $3k in December 2018. Now, take a look at the price of Bitcoin today, is around $39k. Bitcoin will keep moving forward.

[Renampun]

Sometimes I do notice that bitcoin experience some issues while increasing in value, Bitcoin have increased to $15,000 $20,00. Now we find bitcoin going low, Now I want us to understand no matter how dollar fall it can be as bitcoin, What is the solution of getting this solved?,if bitcoin is Depreciating in value let it not be much, because the falling of bitcoin really scare people away. Would you be happy if you purchase bitcoin worth $15,000 and in the next few months bitcoin is $5,000, would you be happy?. Let look into this and stop deceiving ourselves buy saying we are Investors, Gold investors don’t experience this at all, if bitcoin we go forward then we most know our stand.

First of all, you must understand the risks before you decide to invest or buy Bitcoin...

Bitcoin is a decentralized coin, Bitcoin is very volatile, and bitcoin is not a stable asset. you might buy Bitcoin at a price of $ 10k then a few days later it becomes $ 20k or even drops to $ 5k. Bitcoin prices change very fast every day so you must have a 'strong hand', don't sell when the price drops.

[Kez1817]

Bitcoin is the best asset that we have in our generation. If it has a correction, it was also the asset with fast recovery rate that's why true investors who have knowledge about bitcoin did not worry about the short term price dropped. Actually those investors always wait for the bitcoin price to dump so that they can buy more from the weak hands that panic selling when this correction time comes.

Bitcoin is now more than ten years of existence and from the beginning up to now, you clearly saw the improvement and development in bitcoin. It always have a positive movement and it's growth will continue as long the demand will continue to increase.

[syedakhlaque]

Always remember "Haste makes a waste".Trading is the business of patience and calm. whatever you trade Gold or bitcoin, There need to wait . There are also chances of loss including profit. The rate of bitcoin is continuously rising since its beginning. But there is fluctuation in all businesses. Good traders have the courage to lose or to gain, they have the ability to earn in all situations. There should be no anxiety in the trade.

[Dhaniii]

bitcoin almost reached a bearish price peak in the first week of 2022, not that bitcoin will continue to fall below $40k, but where people are starting to restart new investments in 2022. bitcoin crash early first week of this year will be early preparations investors panic buy in the next week,

[IadixDev]

BITCOIN smells like a CULT, its ran like a cult, and its marketed like a cult. The deceivers are in charge of all operations. Take CHINA for example, the deceivers talk of 51%, but then change the subject when you say "+67%" of all BTC is mined in CHINA, Mining is how blocks are created, mining  decides which transactions go into blocks, with the KYC rules and black-listing, the future will be a place where if your address isn't in a KYC database, then the BTC at that address will be worthless. You will be given a short period to report, then all coins will be considered 'tainted'
Thus BTC doesn't have much of a life, and it certainly isn't 'a long term store of value'

On the GOLD subject, GOLD has never gone to zero in all human history, but ponzis and scams and parabolic rises always revert to zero. It's the nature of mass insanity, tulip, south-east, or east-india company

All of the BTC narrative pushed by the deceivers is based on LIES, there is not a single truth pushed by BTC believers, nada nothing. They deny everything, which makes me think that 99% of the narrative-pushers on this site are 'bots'. You point out the flaws in BITCOIN and the bot algo just say 'hater' when negative sentiment, and 'hodl' when positive sentiment. You ask a serious question, and your told to go to the beginner section, to be re-educated and fed bile.

Moving forward? No, but its clearly running out of steam.

There are dozens of serious problems, but the most serious are these two.

1.) We were told that BTC would make 'our own bank', it turns out that ingress/egress is through coinbase, which is the IRS; This is a dead end for BTC.

2.) We were told that BTC was private; The bitcoin-core refuses to make BTC transactions private, they keep the addresses public, and all history, this is so GOV's can black-list all high-values addresses that don't have proven KYC files attached.

Given 1&2 above, and given the fact that early adopters came to btc for these reasons, then the only reason to stay is to MAKE MONEY, or better said "Ripoff people".

Lately i've been digging some of the old posts from satoshi about the original design and goals

https://bitcointalk.org/index.php?topic=1388.msg37762#msg37762

The danger is if people are buying bitcoins in the expectation that the price will go up, and the resulting increased demand is what is driving the price up. That is the definition of a BUBBLE, and as we all know, bubbles burst.

https://bitcointalk.org/index.php?topic=845.msg11403#msg11403

Bitcoins have no dividend or potential future dividend, therefore not like a stock.

More like a collectible or commodity.

https://bitcointalk.org/index.php?topic=57.msg4772#msg4772

Deflation is bad. Unless of course you hold lots of cash-on-hand. In that case it is invaluable. Early users that hoard bit coins are rewarded for doing nothing to help the bit coin ecosystem. They are simply "lords".

From this and some other, it doesn't seem at all bitcoin has been designed as anykind of dividend yelding stock that actually pays someone to develop something of value at all. Neither anonymity seem to be have been a priority goal with the protocol. Neither it was made to be decentralized in the first place.

What you are buying right now is peoipe HODLing on exchange selling hype and wind far beyond any kind of utility of commodity value without themselves contributing any significant value to the network.

It was design as peer 2 peer cash, with a core of tier 1 nodes doing the mining and maintaining full nodes, while users are supposed to used some SPV that was never truly developped, and the scheme of buying it to gain a profit at higher resell value seem to be a flaw of it rather than a feature, which if would that happen would be seen as bad and only having bad outcome on the long run.

[galambo]

bitcoin almost reached a bearish price peak in the first week of 2022, not that bitcoin will continue to fall below $40k, but where people are starting to restart new investments in 2022. bitcoin crash early first week of this year will be early preparations investors panic buy in the next week,

Whenever BTC fell in price then we start discussion that Bitcoin will collapse to some very low value. We need to understand that its the right time to buy Bitcoin. Remember when someone is selling some other is buying. Right now panic sellers are selling but who is buying? The buyers are the one who buy when its low and sell when its high.

[leea-1334]

bitcoin almost reached a bearish price peak in the first week of 2022, not that bitcoin will continue to fall below $40k, but where people are starting to restart new investments in 2022. bitcoin crash early first week of this year will be early preparations investors panic buy in the next week,

I would not say we will not see 39k or lower,,, but I do agree that this year marks a new investment period for a lot of people, and especially companies and governments who know halving comes much later and with that price increase and ATH following. OR it could come even earlier and they all make profits faster.

I believe we may even see 30k if people panic, but it will not be the end for BTC.

[syedakhlaque]

Surely, Bitcoin is moving forward since its beginning. It has good progress in its value and price. If its price goes down due to whale or some other reason. Then it has the capability to restore its position after some time. Jumping and dumping are the grace of this business. After this, it takes some time for correction, and its price rises up. Its value and rates have increased many times since its start in 2009. So there is no doubt that bitcoin is truly moving forward.

[Alisha-k]

Sometimes I do notice that bitcoin experience some issues while increasing in value, Bitcoin have increased to $15,000 $20,00. Now we find bitcoin going low, Now I want us to understand no matter how dollar fall it can be as bitcoin, What is the solution of getting this solved?,if bitcoin is Depreciating in value let it not be much, because the falling of bitcoin really scare people away. Would you be happy if you purchase bitcoin worth $15,000 and in the next few months bitcoin is $5,000, would you be happy?. Let look into this and stop deceiving ourselves buy saying we are Investors, Gold investors don’t experience this at all, if bitcoin we go forward then we most know our stand.

if you buy at $15,000 and it depreciates to $5,000 buy more, never let fear becloud your sense of reasoning, Bitcoin will definitely rise and even persons who purchased it when it was $35,000 would still benefit. So instead of stop buying because of the dip, stop buying because you're out of finance.

[Mamun74]

Yeah, Botcoin is truly moving forward. Bitcoin is most Popular  coin and most valuable coin.Decentralization is never be stable its price goes up and down.

Bitcoin will be definitely rise in this year.Bitcoin price was few yeas ago around $400-1000$ but 2020-2021 bitcoin price more increase. Now bitcoin price around $41k+ i hope BTC price will be more grow this year.