Blackrain13
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October 22, 2020, 04:07:13 PM |
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No! Did you see the current value of bitcoin which still too high. The demand of bitcoin is keep on increasing and even government has nothing to do with it's value. Bitcoin will never lose it's value as long as their is a demand who always support and patronized it.
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Sapphire915
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October 23, 2020, 02:08:55 AM |
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I dont think that the value of Bitcoin is connected to fiat and other physical currencies like US dollars. I believe that bitcoin will stay valuable in the world of crypto currencies moving independently and heading along to prove its great features and profits to all traders and investors.
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Bitcoinislife09
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October 23, 2020, 02:55:50 AM
Last edit: November 12, 2020, 07:41:28 AM by Bitcoinislife09 |
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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 still a solid choice for a lot of people and the community and the market value of bitcoin is just gonna depend on its supply and demand in the market. The USD market is a different story same as the other cryptocurrency in the market. Surely we can see some connections with the Altcoins and bitcoin. But Bitcoin is a digital currency and USD is fiat money, the USD is controlled or regulated by the US government and the bitcoin is a decentralized currency. When the market price of bitcoin increases up to 20k$ in the market we barely see a lot of movement from the other currencies. Some of the factors could affect the value of bitcoin in the market even the market price could be manipulated by a group of people but its gonna be difficult to control having a 21 million supply. The pandemic have a big effect to the value even in the economy of a lot of country in most of the places around the world. |
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Coroline
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October 23, 2020, 03:31:51 AM |
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The value of bitcoin has recently risen due to news about PayPal starting to accept Bitcoin transactions on its platform.
When bitcoin has decreased in price, what will happen is that many people start buying it with the belief that the price will recover. They actually buy not based on belief, but they know that there are large investors who will not just let the Bitcoin price drop drastically. People know that Bitcoin has a lot of supporters, so to say that Bitcoin has no value is wrong
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palle11
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October 23, 2020, 01:44:27 PM |
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No! Did you see the current value of bitcoin which still too high. The demand of bitcoin is keep on increasing and even government has nothing to do with it's value. Bitcoin will never lose it's value as long as their is a demand who always support and patronized it.
Government has no control over bitcoin that is the way bitcoin is created and the value will keep increasing with drops and another increase. This is the operation of demand. When people make demand in exchange, it rises the emotion of investors to also want to buy too, this will lead to increase of price. |
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xZork
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October 23, 2020, 02:16:47 PM |
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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. Bitcoin is proving to everyone that it is a very good investment and can be very profitable. It is certain that in the future when people have a better view of bitcoin and cryptocurrencies, the price of bitcoin will soar. |
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Beyerd17
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October 23, 2020, 02:21:20 PM |
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The value of bitcoin has recently risen due to news about PayPal starting to accept Bitcoin transactions on its platform.
When bitcoin has decreased in price, what will happen is that many people start buying it with the belief that the price will recover. They actually buy not based on belief, but they know that there are large investors who will not just let the Bitcoin price drop drastically. People know that Bitcoin has a lot of supporters, so to say that Bitcoin has no value is wrong
This is great news. This alone will benefit crypto massively. Paypal is not only adding the option to pay with Bitcoin alone. The other cryptocurrencies to be added will be Ethereum, Litecoin, and Bitcoin Cash. Probably more cryptocurrencies later also. Maybe we will se a new all time high for Bitcoin next year. |
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Ridwan Fauzi
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October 23, 2020, 02:28:01 PM |
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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 will never up continously as we wish, there will be a correction and being dumped by most due to sentiment market. Indeed, a few days ago bitcoin and for almost crypto currency prices fell it was make many people worry to keep hold bitcoin in their wallet. But, infact bitcoin can increase again, there is something that we should know and keep remember. Most people know have known bitcoin and they are ready to invest in it, like this time the US government will make another stimulus which will make the dollar value will be decreased and those who knows it they will move their money to some investment place and some of them will choose bitcoin. The sentiment market has changed again after the news come and make bitcoin price up again. |
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#dhabitamartha
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October 23, 2020, 03:01:50 PM |
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The economic impact of Covid has weakened global markets, including the slow movement of the world economy, maybe this is what makes the USD dollar even more sluggish. but in bitcoin I see the price is still strengthening now $ 15000 dollars stronger than last month.
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shamimal93
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October 23, 2020, 03:41:46 PM |
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It is never possible for Bitcoin to lose its value. Bitcoin has never lost its value and will never lose it in the future. Bitcoin has retained its value even in the midst of this covid 19 pandemic. If you notice, the price of Bitcoin was $3600 in February-March this year. Since then, the price of Bitcoin has started rising. Although many thought that the price of bitcoin would fall further in this pandemic. But now we can see that the price of Bitcoin has gone up to over $13,000. So we can clearly see that Bitcoin has maintained its upward trend even during this crisis. If you look avikz post, you will get a clear idea about it.
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Beyerd17
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October 23, 2020, 09:13:14 PM |
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The economic impact of Covid has weakened global markets, including the slow movement of the world economy, maybe this is what makes the USD dollar even more sluggish. but in bitcoin I see the price is still strengthening now $ 15000 dollars stronger than last month.
I think you mean 1500 and not 15000 right. The dollar was firming on the back of Covid problems, not the other way around. Investors were flocking to the safety of the US dollar during times of financial stress. Now we see the unwinding of that and the dollar goes back down again. |
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Eternad
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October 23, 2020, 09:22:29 PM |
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The economic impact of Covid has weakened global markets, including the slow movement of the world economy, maybe this is what makes the USD dollar even more sluggish. but in bitcoin I see the price is still strengthening now $ 15000 dollars stronger than last month.
Today's price is only about to reach 13k and we're not sure yet if once it reach 13k will it still continue up to 15k, or it's a 1500 dollar difference from last month, anyway if we will ever reach again 15k then it can be a good indicator for more whales to keep their asset still but since the market is too volatile we will not know what may happen next once BTC reach 13k will it continue or the drops and correction will start after this as breaking resistance this week takes more time. |
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bitbunnny
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October 23, 2020, 09:28:03 PM |
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Changing of Bitcoin price is a circle and it happens in cycles. Sometimes the value is lower or bigger but we can generally say that Bitcoin has a high value and there is always a demand in the market.
Recently there was a slight price rise and currently the price is close to 13k. The question is will it stay there and grow further or the price will drop again. Having in mind how long this Covid crisis lasts it definitely has some impact on Bitcoin price too but that is not the only factor.
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Oceat
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October 23, 2020, 09:30:39 PM |
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It is never possible for Bitcoin to lose its value. Bitcoin has never lost its value and will never lose it in the future. Bitcoin has retained its value even in the midst of this covid 19 pandemic. If you notice, the price of Bitcoin was $3600 in February-March this year. Since then, the price of Bitcoin has started rising. Although many thought that the price of bitcoin would fall further in this pandemic. But now we can see that the price of Bitcoin has gone up to over $13,000. So we can clearly see that Bitcoin has maintained its upward trend even during this crisis. If you look avikz post, you will get a clear idea about it.
This just proves that the price of Bitcoin isn't affected by this pandemic nor it will lost its value. It's just that during the start of pandemic there's a crisis starting to build up due to the sudden lockdown and everyone didn't expect it to extend this far too long that's why it creates panic all over the world plus the economy in each affected country is slowly dropping but luckily, crypto currencies are the ones that gave us hope and help us during in crisis. |
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kawetsriyanto
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October 23, 2020, 09:33:29 PM |
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~did bitcoin has losen its value with usd? If yes then similarly other fiat currencies like usdb, usdt etc.
Bitcoin never depends on USD. It is NOT like USDT, USDB, or other stable coins. As far as I know, instead, the Bitcoin value is increasing while the dollar is decreasing its value lately. We can see it during the pandemic, the price of BTC is still able to increase and now it still keeps increasing. Additionally, Bitcoin's price will not lose its value as long as there are still many people and user trust in BTC, use BTC, hold, and also trade BTC. The crypto market shows how precious and valuable BTC is. |
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Cruxer
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October 23, 2020, 09:41:09 PM |
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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 directly but in buying power? yes by me, price will adjust itself in time to this, price of bitcoin in dollars will go up as noone can predict bitcoin future, its only speculation |
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DarkDays
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October 23, 2020, 09:57:21 PM |
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Did bitcoin lose its value?
I'd say not at all, BTC has not lost its value otherwise it won't be pumping like it is now  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.
The reason BTC was stagnant as you describe it, though I'd prefer to say less volatile, is because of buyer's confidence rather than an effect on USD depreciation as a result of printing more money. And by this alone you can already deduce that BTC hasn't lost its value as unlike the USD fiat which can be described as limitless (i.e. can print as much money as you like) depreciating its buying power, BTC is still more difficult to mine and the total supply is also limited, thus overall making BTC a scarce resource. And what happens to the value of a scarce asset? Well it grows... |
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MCDev
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October 24, 2020, 08:40:55 AM |
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At the moment bitcoin is trading at $ 12919, it is clear that bitcoin has had very good gains in recent days.
The cryptocurrency market operates in a different way from other financial markets, as evidenced by the fact that bitcoin has remained bullish during the pandemic and downturn.
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Yamifoud
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October 24, 2020, 09:45:10 AM |
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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.
I wonder also why people will always think negatively when seeing a declining sentiment on the market. The price do ups and downs, that is how it works, and all of these things aren't a reason to think that Bitcoin will losing its value. Yeah, and what we've seen in the chart makes everything clear and enough to tell that Bitcoin has a growing market design, not a losing ends.We suffered such a bearish season for some times but we can still recover. |
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3meek
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October 24, 2020, 11:05:12 AM |
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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.
I wonder also why people will always think negatively when seeing a declining sentiment on the market. The price do ups and downs, that is how it works, and all of these things aren't a reason to think that Bitcoin will losing its value. Yeah, and what we've seen in the chart makes everything clear and enough to tell that Bitcoin has a growing market design, not a losing ends.We suffered such a bearish season for some times but we can still recover. People are interested in the value of bitcoin in fiat currencies... After all, one way or another everything in this world is valued by the fiat! Even after adding bitcoin to PayPal, you will not buy goods for bitcoin... It will be automatically converted into dollar... So when Bitcoin grows - people are happy, and when it falls talk about scam! |
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