Did bitcoin lose its value?

[Artemis3]

Did bitcoin lose its value?
In the era of pandemic 2020, Federal Reserve Bank printed paper currency notes which ultimately decreased the value of us dollar USD. And in that period, Bitcoin btc was also stagnant and did not move much. So did bitcoin has losen its value with usd? If yes then similarly other fiat currencies like usdb, usdt etc. also lose their value with devaluation of us dollar.

No, but the effect is not instantaneous. Bitcoin moves on its own regardless of the fiat space, tho in theory you are trying to assign a "value" in that very fiat that loses value every year per design. Now that the current administration is printing "a bit more than usual" its stressing their system to the point it might collapse and enter a hyper-inflation spiral. You just cannot expect to increase the amount of fiat and think everything else will be valued the same. If there are more dollars, things just cost more.

But again, the effect is not instantaneous, it can be slow to start. However, once it starts, it can be hard to stop. Maybe they have some contigency plan to burn dollars, but that would put them at risk of deflation, something they are even more scared from. due to their incomplete economic education, solely based in the Chicago school, or maybe even some keynesianism. The whole current financial system is a product of that, reserve banking, credit expansion, bubbles, crashes, all of it could be solved easily by following the Austrian school of economy teachings, which among other things, does not believe in money losing its value over time as a means of progress (debt based economy vs savings economy).

Try to see, how many cans of tuna can bitcoin buy, or cars, or whatever. Purchasing power can often explain things better. You could use it against gold if you prefer. Trump is playing with fire, lets see if he enters the history books as the one to finally destroy the USD.

I guess America needs another shakeup like the housing bubble crash that brought us Bitcoin in the first place. Sadly these things cause a lot of grieving, but there you have it, politicians and institutions have the power to destroy all your wealth overnight. Bitcoin is the only solution.

[svaboda54]

Bitcoin is a limited resource. This is the difference between bitcoin and USD. In addition the reduced value of the dollar will only increase the price of bitcoin.

[CarnagexD]

Last few months there may be bitcoin losing its value but at the moment it's very stable and looking very strong. Bitcoin is about the first and widely most known digital currency in use and this momentum will continue. For long terms Bitcoin is very bullish so BTC can be good investment.

The fact that it's digital is the reason why the coin's very strong right now. The pandemic if anything didn't do anything to bitcoin in particular. The price has been dwindling up and down like that ever since. People just began comparing it to USD for the sake of comparison. but no, Bitcoin's going strong right now and this is regardless of any FIAT currency on the market.

[AakZaki]

I might disagree when people say bitcoin will lose its value. There are many supporting factor why bitcoin will not lose its value.

• Bitcoin is a tradable asset. As long as traders are still trading bitcoin, I wouldn't think the price would go away. Volatility will continue but is not considered a market failure.
• Bitcoin is used as currency. In some countries, bitcoin has been accepted as the legal currency to pay for goods or services. I've even heard that bitcoin can also be used to pay taxes like Switzerland, the US and Ohio.
• Bitcoin adoption in gambling. People can use bitcoin for gambling because bitcoin is a currency. Bitcoin really help gambler maintain privacy without having to deal with bank. Every day I think there are lot of new gambling site being launched which accept bitcoin as their bet payment. This will increase the use of bitcoin and I think the price will not go away.

Actually there are many other factor that need to be added, but I think the three factor above are enough to strengthen the argument that bitcoin will not lose its value.

about bitcoin adoption maybe not just in gambling, but in other industries. The adoption of bitcoin has made bitcoin more popular and more and more people can use it to pay for services or goods and services. However, for several other countries bitcoin adoption is still not allowed and is only limited to commodity trading. Bitcoin will not lose its value as long as it continues to be used and traded.

[Viscore]

Last few months there may be bitcoin losing its value but at the moment it's very stable and looking very strong. Bitcoin is about the first and widely most known digital currency in use and this momentum will continue. For long terms Bitcoin is very bullish so BTC can be good investment.

The fact that it's digital is the reason why the coin's very strong right now. The pandemic if anything didn't do anything to bitcoin in particular. The price has been dwindling up and down like that ever since. People just began comparing it to USD for the sake of comparison. but no, Bitcoin's going strong right now and this is regardless of any FIAT currency on the market.

Often to hear and see people are comparing local currency FIAT and Bitcoin is because they are both currency. They are actually of the same purposes, and people acquiring this thing but the difference is that Bitcoin has can possibly lose its value unlike FIAT, if that is $1 will remain $1. Bitcoin finds its vulnerability to price change because of its volatility feature which we can never experience with FIAT money.

[gatti]

Did bitcoin lose its value?
In the era of pandemic 2020, Federal Reserve Bank printed paper currency notes which ultimately decreased the value of us dollar USD. And in that period, Bitcoin btc was also stagnant and did not move much. So did bitcoin has losen its value with usd? If yes then similarly other fiat currencies like usdb, usdt etc. also lose their value with devaluation of us dollar.

Never bitcoin will not loss it value at any cost.In one way pandemic had increased the value of bitcoin.When the sudden hidden of money had get the people to know the bitcoin and other investment platform to the traders and non traders.The value of usdt will not change huge as like bitcoin and it had huge investors.

[Vaskiy]

Bitcoin as a virtual asset have got its value through supply to demand availability. This in turn keeps rising, because of the institutional investors from various sectors moving into bitcoin. In recent days the large scale companies investing on bitcoin considering it more valuable than other investments for different reasons. It is the way, how we use it and the value loss happens only if its usage keeps falling.

[7788bitcoin]

In the era of pandemic 2020, Federal Reserve Bank printed paper currency notes which ultimately decreased the value of us dollar USD. And in that period, Bitcoin btc was also stagnant and did not move much. So did bitcoin has losen its value with usd? If yes then similarly other fiat currencies like usdb, usdt etc. also lose their value with devaluation of us dollar.

If you look at the charts the price of bitcoin moved up, take a look at the price when the pandemic started and now the price of bitcoin is above $11k and you cannot call it stagnant. You need to understand that bitcoin is not pegged with any currency, the global economy is not in a strong position right now and with the reserve bank is printing currency we will see a major inflation down the line.

[Sadlife]

Bitcoin is decoupled to the USD we've seen Bitcoin gone to the upside while the dollar is plunging. It would not have reach $11,500 if it was stagnant as you say, where in fact many Institutional investors and retailers are moving into Bitcoin, because they fear of the current financial system might crash. As the same for oil that loss its value.

[rodskee]

Did bitcoin lose its value?
In the era of pandemic 2020, Federal Reserve Bank printed paper currency notes which ultimately decreased the value of us dollar USD. And in that period, Bitcoin btc was also stagnant and did not move much. So did bitcoin has losen its value with usd? If yes then similarly other fiat currencies like usdb, usdt etc. also lose their value with devaluation of us dollar.

Not because the price is stagnant means it is losing the value,Bitcoin will move by Supply and demand so what are you seeing now is that
Investors are hesitant because of the ongoing Pandemic and also the incoming US election.
With this 2 big events why the investors are not moving their money inside market.
But still the value of bitcoin is indeed high  as the demand is increasing each year.so basically your question is too advance just because the
printing  of  paper money is increasing because this market is not affected of that action by the US goverment.

[Dorodha]

Bitcoin is usually very difficult to take the right steps because no one can control it. Prices increase depending on demand. But I don't think Bitcoin can lose its value even if the price goes down it goes up again. The value of the dollar has plummeted due to the effects of the epidemic as the United States has suffered greatly. But over time that is likely to increase. As Bitcoin's supply and demand have increased prices have begun to decline every trader is holding on by investing.

[TheGreatPython]

Did bitcoin lose its value?
In the era of pandemic 2020, Federal Reserve Bank printed paper currency notes which ultimately decreased the value of us dollar USD. And in that period, Bitcoin btc was also stagnant and did not move much. So did bitcoin has losen its value with usd? If yes then similarly other fiat currencies like usdb, usdt etc. also lose their value with devaluation of us dollar.

Bitcoin is not losing its value. You’re saying this because the market is not fluctuating that much right now. It’s not new, after so much of this fluctuation the market has to rest sometimes and stay stable. It’s normal with people to complain when the price is stable likewise when it’s going down, they are only happy and say good about Bitcoin and proclaim their undying love when the price is only moving up.

Try to involve yourself in other things, and stop relying on crypto all the time, some of you want to be fully dependent on crypto earnings, but it doesn’t work that... If you have been into forex, you will also see warnings that the market carries risks, and it’s no different with this one here.

[shoreno]

I might disagree when people say bitcoin will lose its value. There are many supporting factor why bitcoin will not lose its value.

• Bitcoin is a tradable asset. As long as traders are still trading bitcoin, I wouldn't think the price would go away. Volatility will continue but is not considered a market failure.
• Bitcoin is used as currency. In some countries, bitcoin has been accepted as the legal currency to pay for goods or services. I've even heard that bitcoin can also be used to pay taxes like Switzerland, the US and Ohio.
• Bitcoin adoption in gambling. People can use bitcoin for gambling because bitcoin is a currency. Bitcoin really help gambler maintain privacy without having to deal with bank. Every day I think there are lot of new gambling site being launched which accept bitcoin as their bet payment. This will increase the use of bitcoin and I think the price will not go away.

Actually there are many other factor that need to be added, but I think the three factor above are enough to strengthen the argument that bitcoin will not lose its value.

about bitcoin adoption maybe not just in gambling, but in other industries. The adoption of bitcoin has made bitcoin more popular and more and more people can use it to pay for services or goods and services. However, for several other countries bitcoin adoption is still not allowed and is only limited to commodity trading. Bitcoin will not lose its value as long as it continues to be used and traded.

not only in gambling but gambling is now becoming popular with the rise of mobility and of course cryptocurency . thats why he gave a special mention to it  . adoption isnt what makes bitcoin popular but btc became popular because of who it works  and its high value of course  . how can some country trade btc if adoption doesnt takes place ? trading of btc is still using a btc , if they allow it they should allow other usage aswell . when someone is trading btc , they sell it and the value looses but when they buy it again the value will replenish  .

[Shallow]

How can Bitcoin lose its value when it is still trading on different exchanges?
Bitcoin is the best coin in the crypto market which means that, it is the most valuable of all coins, since that is true, it means there is still no lose in value. The crypto market is controlled by humans and thus filled with uncertainties and news as well, this means that there will always be price fluctuations and stagnation as well, and when this happens it doesn't mean that a particular coin or rather Bitcoin in particular is losing value. In the same way, I do not think devaluation of dollar will have any effect on Bitcoin or an effect which will make it lose value, rather I can only say when people sell much Bitcoin for fiat, the price will only be affected but not the value.
Lastly, for the fact that Bitcoin is still being used massively for various reasons and services rules out the fact that it will lose value or losing value.

[Eureka_07]

Just check bitcoin's value in USD, as of writing this post, the price is at  $11,801 and I could not get it how you'd be able to say/asked if bitcoin losts it's value.
Technically speaking, if bitcoin will go back to $10,000 that means it lost it's value, because it dropped.
But it's pretty normal to such highly volatile crypto like  to Bitcoin to go up and down.

I just do not have enough idea to tell if bitcoin's value declined on other fiat pairs, except to the one mentioned on firsts posts.

[Pamadar]

How can Bitcoin lose its value when it is still trading on different exchanges?
Bitcoin is the best coin in the crypto market which means that, it is the most valuable of all coins, since that is true, it means there is still no lose in value.

That's the fact, bitcoin still being traded inside different exchange, though the nature still volatile it's still good to see that there are many people who loves to use this coin both for investment and for their personal usages.

The crypto market is controlled by humans and thus filled with uncertainties and news as well, this means that there will always be price fluctuations and stagnation as well, and when this happens it doesn't mean that a particular coin or rather Bitcoin in particular is losing value.

With the supply and demand features this assets is not exempted to how the market works, it's still being used for investment purposes where the value depends from how supporters see the potentials of it.

In the same way, I do not think devaluation of dollar will have any effect on Bitcoin or an effect which will make it lose value, rather I can only say when people sell much Bitcoin for fiat, the price will only be affected but not the value.

People dictates the value of this asset, it's not relying with how USD works, with how traders and investors interpret the market,
that's the time bitcoin moves.

Lastly, for the fact that Bitcoin is still being used massively for various reasons and services rules out the fact that it will lose value or losing value.

As long as there are people who uses this cryptocurrency the more it will gain it's value.

[3meek]

The value of bitcoin is equal to one bitcoin! Thus, it can never lose its value!
Even if you measure its value in dollars, its value has tripled during the pandemic (after the fall)!

[Mr.sprin]

currently the price of bitcoin is still high and when you post the price of bitcoin is still high why do you have thoughts of posting the price of bitcoin will go down just because of the pandemic and the price drops $, here you are too likely to assume and assume you are wrong.

[Serious475]

The bitcoin never loss its value because having a one bitcoin still a one bitcoin due to pair of the bitcoin to usdt or USD the price of the market pair falls because of having the pandemic the fiat currency falls temporarily again. Now the price of the bitcoin is already recovered and focuses on another path.

currently the price of bitcoin is still high and when you post the price of bitcoin is still high why do you have thoughts of posting the price of bitcoin will go down just because of the pandemic and the price drops $, here you are too likely to assume and assume you are wrong.

After I saw this I checked the price of the bitcoin and I got shocked because my last check the price of the bitcoin are on the 10.8..k and now the price of the bitcoin recently a few minutes hits over 11.950k this is so huge changes immediately.

[AniviaBtc]

Bitcoin is not pegged to the USD, it is only prices against it, it can equally be priced against other fiat assets, gold as well as other cryptocurrencies. This means that a decrease in the value of one currency would lead to a increase in Bitcoin's value when prices against it, this becomes clearer when we consider that Bitcoin has surpassed its recent all time high, against several currencies which has suffered huge inflation.

So you say bitcoin rose due to inflation in other surrencies?

What exactly do you mean by this question?

The value of currencies deflate. That means they decrease in worth and purchasing power. As a result, what is inflating are the prices of the goods and services.

If the currencies are losing value, that would mean Bitcoin becomes expensive. Or it could be the other way around, Bitcoin becomes expensive because the currency is getting weak.

It is probably depends on the bitcoin and the value of any other currencies.

Inflation occurs depending on how different governments handle it and make their economy firm and stable. Don't think that bitcoin is independent about its value, bitcoin can increase its value and lose its value depending on its own price and depending on the country's ability to handle its economy when crisis occurs.