Did bitcoin lose its value?

[Yatsan]

Basically if you will just keep an eye on the price chart of Bitcoin, then you can see by yourself what literally you have been looking for. I beg to disagree on your claim that Bitcoin price is being stagnant or having no movement on which you are likely not being observant on how the prices are moving in the market which states that it is not stagnant for having movement whether it is a big or a small one. With regards to value, Bitcoin is not losing its value because of what is happening on the state of US dollars. If you would compare the price on different fiat currencies perspective, you still could see how great its price value still even under this pandemic situation.

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[Zeke_23]

No, as we can all see, bitcoin continue to increase its value even after that. The reason is that, the value of bitcoin is only paired to USD but it is not necessarily mean that the value of bitcoin will always depend on the value of USD itself.

[Oilacris]

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.

Common misinterpretation by some people to believe that Bitcoin is pegged with USD alone and do presume out that everything that do happen to dollar would have significant impact to Bitcoin

which is totally a wrong presumption or something that you would rely on.Bitcoin didnt lose its value, everything can happen with fiat but it doesnt really correlate nor connect itself with it.

It can stand alone with its own without being influenced on whats currently happening on the economy today and thats the beauty of bitcoin itself or to the entire crypto market.

We can presume but we cant pinpoint that it is exactly the thing that do happen.

[BryanJohn]

the bitcoin volatility was great at the beginning but getting less volatile as more people are getting to know and using bitcoin. also is usually very difficult to take the right steps because no one can control it, Prices increase depending on demand

[gundala]

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which is totally a wrong presumption or something that you would rely on.Bitcoin didnt lose its value, everything can happen with fiat but it doesnt really correlate nor connect itself with it.

It can stand alone with its own without being influenced on whats currently happening on the economy today and thats the beauty of bitcoin itself or to the entire crypto market.

We can presume but we cant pinpoint that it is exactly the thing that do happen.

Volatility is normal in the financial system. Price volatility is influenced by many factors, especially those concerning the world economy. Bitcoin, as one of the strongest investment products, during a pandemic, all investment products including oil also decline, and bitcoin can go up before the others. Until now, there have been various increases and decreases, so I am a little confused, which does the OP mean by stagnation? for stable-coins, which are dollar-based, it may be that it follows the dollar's declining movement, but BTC is not completely affected.

[Distinctin]

I don't think about its losing value but rather to think about an increase in market price. If we consider the current market demand, number of users/investors, it certainly make a reason to become possible. And as the adoption driven so strong, the more it gains demand and pushes the price to climb up high than of before. In fact, if we look into the chart we can see there is a massive increase in price, it won't just a magic but this the real thing it happens to the crypto market.

[MCobian]

Take a look at the Bitcoin price movement in 2020, I don't think Bitcoin has lost its value. It is even possible that USD will lose its value,
because the American government continues to print money to restore the economy. So there will likely be high inflation anytime soon.
I think Bitcoin is getting stronger in a pandemic like now, Bitcoin price has now reached $ 11,900. So based on my prediction the price
Bitcoin could continue to rise until the end of this year. I also believe a lot of investor stocks are moving towards investing in Bitcoin,
and that will make Bitcoin value go up as well.

[BryanJohn]

In my opinion  Bitcoin's market price fluctuations are a regular occurrence.  The fact that the price can go up or down at any time does not mean that the price will always go down and Bitcoin will run out.

[Beyerd17]

In my opinion  Bitcoin's market price fluctuations are a regular occurrence.  The fact that the price can go up or down at any time does not mean that the price will always go down and Bitcoin will run out.

I agree, it's not a static one way to the upside or downside, it will have it's up and downdays.

What we need to look for is the trend. Does it make a trendchannel, does it make higher highs and higher lows. Right now, I will have to say yes. We are seeing the trend move higher.

[goldade]

I do not believe that the price of bitcoin is dependent on the price of any fiat currency not even the US dollar. The price of bitcoin is only pegged to the USD because of its dominance in the market most likely because of the stock market.
In the same way bitcoin was pegged to the US dollar, it could also be pegged to the European Euro or the British Pounds or the Japanese Yen or the Canadian dollar or any fiat currency that you can think of.
The incident OP made mention of is can at best only be attributed to coincidence.
It doesn't matter what happens to the US dollar, it doesn't affect the price of Bitcoin. One should know that the volatility of the price of bitcoin even when it goes down doesn't at any point means that bitcoin is losing value

[SonyZ3+]

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.

I think it depends on bitcoin and another cryptocurrency. Today bitcoin reaches 12.8k+. Growing so much bitcoin it's Incredible. I think Bitcoin makes his own strong value.

[ice098]

Basically if you will just keep an eye on the price chart of Bitcoin, then you can see by yourself what literally you have been looking for. I beg to disagree on your claim that Bitcoin price is being stagnant or having no movement on which you are likely not being observant on how the prices are moving in the market which states that it is not stagnant for having movement whether it is a big or a small one. With regards to value, Bitcoin is not losing its value because of what is happening on the state of US dollars. If you would compare the price on different fiat currencies perspective, you still could see how great its price value still even under this pandemic situation.

It was clearly stated on graph of price chart and been stated on a price value that bitcoin market value today even we have face a pandemic didn't became priceless or value less. Bitcoin were literraly not losing its market value because we already observed how whales demand this cryptocurrency, and also the fact that this crypto was a dominant crypto in the market. It was already a established crypto, with good team and good project reputation.

[acdc]

after you made this post, bitcoin price has increased by trying the $ 12,000 retest today, so I think your question has been answered for now, bitcoin will have value until the future. bitcoin was created to fight the domination of the FIAT currency

It will take a long time before bitcoin can become a currency.
Governments do not like bitcoin because they cannot regulate it, and bitcoin itself remains limited. I think that before bitcoin solves the problem of speed and transaction fees, bitcoin is very difficult to be a currency.

[xZork]

No, as we can all see, bitcoin continue to increase its value even after that. The reason is that, the value of bitcoin is only paired to USD but it is not necessarily mean that the value of bitcoin will always depend on the value of USD itself.

I think that almost anything that can be exchanged is tied to USD. The USD is a big and prestigious currency, while America is still at the top of the world, we still see USD everywhere.
At the moment everyone is seeing a very good price rise in bitcoin, many eyes on bitcoin and the crypto market. That bodes well for bitcoin and cryptocurrencies, I think bitcoin will continue to increase in price in the near term.

[Kasabus]

No, as we can all see, bitcoin continue to increase its value even after that. The reason is that, the value of bitcoin is only paired to USD but it is not necessarily mean that the value of bitcoin will always depend on the value of USD itself.

I think that almost anything that can be exchanged is tied to USD. The USD is a big and prestigious currency, while America is still at the top of the world, we still see USD everywhere.
At the moment everyone is seeing a very good price rise in bitcoin, many eyes on bitcoin and the crypto market. That bodes well for bitcoin and cryptocurrencies, I think bitcoin will continue to increase in price in the near term.

Yes. Even in times of pandemic, bitcoin is not even greatly affected its value compared to usd because we have seen it even more increasing in value and people get even more interested knowing it. I don't think bitcoin will ever lose its value and it has been proven already in its ten years of existence.

[Beyerd17]

I do not believe that the price of bitcoin is dependent on the price of any fiat currency not even the US dollar. The price of bitcoin is only pegged to the USD because of its dominance in the market most likely because of the stock market.

I would agree that the price of bitcoin is not dependent on the price of any fiat currency, that being said most of the world financial transactions are made in dollars and Bitcoin in dollars are the cross people are watching agains their own local currency.

So when the dollar drops Bitcoin gets cheaper in lets say euro and investors buy Bitcoin because it's cheaper in their local currency, thus driving the price higher in dollar terms.

[Kelvinid]

after you made this post, bitcoin price has increased by trying the $ 12,000 retest today, so I think your question has been answered for now, bitcoin will have value until the future. bitcoin was created to fight the domination of the FIAT currency

It will take a long time before bitcoin can become a currency.
Governments do not like bitcoin because they cannot regulate it, and bitcoin itself remains limited. I think that before bitcoin solves the problem of speed and transaction fees, bitcoin is very difficult to be a currency.

Actually, Bitcoin created for a reason and that to be considered as a legal currency.
Yes, some countries doubted about it and ban Bitcoin but many of them change their minds and did open such an opportunity to runs. And what I see today is that the more it spreads globally the higher chance that price will move together (high).

We can't certainly decline any possibility of losing its value but not it means that we are seeing it to continuously dump, of course, pumps have to expected next after the lows.

[Reatim]

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)!

That is the bad idea about always looking of the value of Bitcoin = Dollar because the idea is becoming Bitcoin needs Dollar to make a growth.
Bitcoin is a currency and need no value in it.
i Dont know what OP is pointing here or maybe he is seeking for the Bullrun sooner so he can't wait for that much.

In my opinion  Bitcoin's market price fluctuations are a regular occurrence.  The fact that the price can go up or down at any time does not mean that the price will always go down and Bitcoin will run out.

OP should learn more about how cryptocurrencies move and not just by checking how much the value in Dollar.
This is a normal happening when the price comes down sometimes and goes up the next time.

[Harrison chinoye]

the Bitcoin price is more determined by the demand and supply just like any other coin. also The fact that the price can go up or down at any time does not mean that the price will always go down and Bitcoin will run out.

[henmark]

It will take a long time before bitcoin can become a currency.
Governments do not like bitcoin because they cannot regulate it, and bitcoin itself remains limited. I think that before bitcoin solves the problem of speed and transaction fees, bitcoin is very difficult to be a currency.

Whether Bitcoin is a currency or not, it doesn’t stop the price worth from increasing (and going down sometimes). And moreover, I don’t think we the people should be forcing the government into cryptocurrency, because we already are aware of the fact that the government likes to control everything they see, so it’s best that we just put more of the focus on getting more people and more businesses to accept Bitcoin, and so that people can make use of it when they want to.

It shouldn’t be something that has to do with the government, they should be minding their own business please, we don’t need them here. Thanks.