Why bitcoin will appreciate forever

[bearexin]

I have believed this right from time and that’s why I see long term investment as a better option. The problem is, not everyone is able to invest in Bitcoin for a long term, majority of them are afraid they will lose or maybe be at loss at the time they may be needing the money; there are times you will invest and start having some issues that will force you to withdraw the money you have invested.

But, checking the chart from the first time to now, you will notice that it kept moving up. And that’s how it’s going to be, it will keep increasing just as you have said and won’t decrease for sure, because as time goes on the adoption of Bitcoin keeps improving.

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[enhu]

I have believed this right from time and that’s why I see long term investment as a better option. The problem is, not everyone is able to invest in Bitcoin for a long term, majority of them are afraid they will lose or maybe be at loss at the time they may be needing the money; there are times you will invest and start having some issues that will force you to withdraw the money you have invested.

But, checking the chart from the first time to now, you will notice that it kept moving up. And that’s how it’s going to be, it will keep increasing just as you have said and won’t decrease for sure, because as time goes on the adoption of Bitcoin keeps improving.

Not that they are afraid to lose but they are traders, they need to take profit to invest again for more profit. They are not for long term investment since they are trying to get more by trading. This will keep suppressing the value til its all drained before we can see breakouts of another resistance for BTC 's uptrend.

[redsun114]

We can't really say "forever" because people think that bitcoin is the last improvement we have on money. Fortunately for the future people (no idea if we will see it) the technological improvements are going on every single day, literally every single day on earth something better version of something gets created, the humanity reached to a peak point where innovation is either small or big but constant.

So, bitcoin is definitely not the last currency, it will probably continue for decades more but we are reaching to a point where humanity will colonize other planets and at that point do you really think that we will still be using bitcoin? Or dollars for that matter? I think in 100+ years all of the currencies we are using today will be gone and something much better will come to terms.

[jonatha28]

We can't really say "forever" because people think that bitcoin is the last improvement we have on money. Fortunately for the future people (no idea if we will see it) the technological improvements are going on every single day, literally every single day on earth something better version of something gets created, the humanity reached to a peak point where innovation is either small or big but constant.

So, bitcoin is definitely not the last currency, it will probably continue for decades more but we are reaching to a point where humanity will colonize other planets and at that point do you really think that we will still be using bitcoin? Or dollars for that matter? I think in 100+ years all of the currencies we are using today will be gone and something much better will come to terms.

I mean we can say for sure that it will be appreciated forever because it already did a huge change so it won't be thrown away from history anyway.
And by that we can claim - bitcoin the first cryptocurrency impacted our payment system like almost nothing before.

[fiulpro]

At the same time it does depend on the person too , when he is gonna sell , if he sells when the price is lower than the whole yearly one , then it could cause a great deal of loss too for the person .

I have seen people loose money in bitcoins as fast as they earn .

It's a two way street and really depends on how you take care of your investment .

[Sanugarid]

I have believed this right from time and that’s why I see long term investment as a better option. The problem is, not everyone is able to invest in Bitcoin for a long term, majority of them are afraid they will lose or maybe be at loss at the time they may be needing the money; there are times you will invest and start having some issues that will force you to withdraw the money you have invested.

But, checking the chart from the first time to now, you will notice that it kept moving up. And that’s how it’s going to be, it will keep increasing just as you have said and won’t decrease for sure, because as time goes on the adoption of Bitcoin keeps improving.

It is actually depending on people because there are actually some people who really good at short term trading or they call it day trading in which they are not holding it for a long time but they are selling it not to lose money but to earn. BItcoin investment is really a good investment in which you can do it anytime and anywhere, you just need a device and internet for you to access crypto. It is also not easy because investing must consider a lot of things to prevent losing money and to succeed and make profits like you need to study every project that you want to invest your money in.

At the same time it does depend on the person too , when he is gonna sell , if he sells when the price is lower than the whole yearly one , then it could cause a great deal of loss too for the person .

I have seen people loose money in bitcoins as fast as they earn .

It's a two way street and really depends on how you take care of your investment .

That is absolutely right, every person has different techniques and perspectives to investment so if they want long term investment, there's nothing wrong about it, it's his or her will to hold and the optimistic mind that they will earn in the future if they hold that particular token. I can say that whatever you do as long as you are good at it, you should stick to it. Exploring a new one is not a problem as long as you are studying very well so you are not losing money.

[Bohxz M4p4gm4h4l25]

Even though we have a beartrend today, we cannot deny how powerful bitcoin is. It was the pioneer of all cryptos out there that is why even though it was experiencing decrease of price a lot of people are still hoping and believing that someday all the sacrifices will be wortb it and they will be glad that they have some btc holdings .

[johnyj]

In fact, if you could use a smart contract to limit the cash out pace, and at the same time also limit the capital inflow, so that there are always people wait in the line, you could mathematically guarantee a fixed return like 50% per year, for decades to come. This is implementable on defi today

[Yatsan]

Even though we have a beartrend today, we cannot deny how powerful bitcoin is. It was the pioneer of all cryptos out there that is why even though it was experiencing decrease of price a lot of people are still hoping and believing that someday all the sacrifices will be wortb it and they will be glad that they have some btc holdings .

Bitcoin is based on supply and demand, so I think it's okay to be bearish today, as long as overtime the demand for bitcoin is going up then, the price of it will pump soon and we may set a new All Time High for bitcoin price. Bitcoin is for long term holders and not for people that have a small patience. Remember that, bitcoin price came from nothing and it's almost 10k now! Bitcoin is unpredictable so let's see what is the price of bitcoin in the future.

[johnyj]

It has been another year and I checked back, my prediction still holds.

During this year, the most common question I get from investors is: What is the use of this thing?

In fact, many things people don’t know their usage, as long as they can be sold for fiat money, they are useful

Hedge inflation is still the most easy to understand: Since fiat currency is issued exponentially, scarce assets that have wide acceptance will appreciate

The rise in the price of ordinary goods is a slow process. New QE money often need to change hands many times before reaching the supplier. More often, the supplier is worried that no one will buy his product

But cryptocurrencies are different, they can be exchanged for all those QE money without delay. According to my simulation earlier in this post (investors buy and hold for four years, and then sell 10% every year), the daily net selling of coins is less than 5,000 coins. If the market demand exceeds 5,000 coins, the price will rise.

The key is to understand that it is sustainable since constant fiat money inflow will digest those 5000 coins sell pressure every day

There are 385,000 new babies every day now. Assuming one-tenth of these people need to buy coins to get on this ship, that's 30,000. 30,000 people are competing for 5000 coins every day, and each person gets 1/6 of those coins. These coins are the total amount of all their investments in their lifetime, which can be assumed to be the amount of investment in their pension funds. If each person invests 10,000 USD, the price of Bitcoin can be maintained at 60,000. If they invest 100,000, the price can be maintained at 600K. If they invest 1 million, the price of Bitcoin can be maintained at 6 million.

So once ETF is mature and invested by pension funds, it will get a guaranteed support

[jaysabi]

It has been another year and I checked back, my prediction still holds.

During this year, the most common question I get from investors is: What is the use of this thing?

In fact, many things people don’t know their usage, as long as they can be sold for fiat money, they are useful

Hedge inflation is still the most easy to understand: Since fiat currency is issued exponentially, scarce assets that have wide acceptance will appreciate

The rise in the price of ordinary goods is a slow process. New QE money often need to change hands many times before reaching the supplier. More often, the supplier is worried that no one will buy his product

But cryptocurrencies are different, they can be exchanged for all those QE money without delay. According to my simulation earlier in this post (investors buy and hold for four years, and then sell 10% every year), the daily net selling of coins is less than 5,000 coins. If the market demand exceeds 5,000 coins, the price will rise.

The key is to understand that it is sustainable since constant fiat money inflow will digest those 5000 coins sell pressure every day

There are 385,000 new babies every day now. Assuming one-tenth of these people need to buy coins to get on this ship, that's 30,000. 30,000 people are competing for 5000 coins every day, and each person gets 1/6 of those coins. These coins are the total amount of all their investments in their lifetime, which can be assumed to be the amount of investment in their pension funds. If each person invests 10,000 USD, the price of Bitcoin can be maintained at 60,000. If they invest 100,000, the price can be maintained at 600K. If they invest 1 million, the price of Bitcoin can be maintained at 6 million.

So once ETF is mature and invested by pension funds, it will get a guaranteed support

Bit of a nit, but is money creation actually exponential?  It may accelerate over time, but I doubt exponentially.  Your larger point that increasing the money pool should create price appreciation for scarce assets though.  The amount of speculation though makes it volatile and risky, and nothing is guaranteed to go up forever; not even scarce assets.  The risk is that the volatility will have you at a loss when you need to cash out, and it's not an insignificant one.

[johnyj]

Bit of a nit, but is money creation actually exponential?  It may accelerate over time, but I doubt exponentially.  Your larger point that increasing the money pool should create price appreciation for scarce assets though.  The amount of speculation though makes it volatile and risky, and nothing is guaranteed to go up forever; not even scarce assets.  The risk is that the volatility will have you at a loss when you need to cash out, and it's not an insignificant one.

Since Bernanke invented helicopter money, money supply has not only increased exponentially, but doubled a few times


https://tradingeconomics.com/united-states/money-supply-m0

Volatility is irrelevant, you could go broke in one day if you all-in for USD/EUR trading with a 400x leverage. You could also have a lower-than-T-bond volatility for bitcoin if you use 0.01x leverage, it is all about the exposure. If you use leverage to adjust all investment products to same level of volatility, then bitcoin gives best return

[perryxi2]

Almost all cryptocurrencies today depend on the value of BTC a lot, it can be said that BTC is a leading coin in the cryptocurrency market, it is difficult to replace because BTC is a currency in development. A long-established and well-loved coin, with a strong community and long-standing background, this goes hand in hand with ever-increasing price growth. BTC has mostly won the trust as well as the long-term investment direction of BTC, anyone knows, so the price of BTC in the future will increase in value.

[mojun7982]

We can't really say "forever" because people think that bitcoin is the last improvement we have on money. Fortunately for the future people (no idea if we will see it) the technological improvements are going on every single day, literally every single day on earth something better version of something gets created, the humanity reached to a peak point where innovation is either small or big but constant.

So, bitcoin is definitely not the last currency, it will probably continue for decades more but we are reaching to a point where humanity will colonize other planets and at that point do you really think that we will still be using bitcoin? Or dollars for that matter? I think in 100+ years all of the currencies we are using today will be gone and something much better will come to terms.

I also think that there is no such thing as infinite value. It is not only because of the theory presented here, but because possible alternatives could appear and also provide alternative investment opportunities. I think that is the most likely reason why Bitcoin would not increase forever. For as long as there is no such thing as an alternative investment opportunity, who knows maybe bitcoin will indeed increase in value for the time being.

But there could also be a viable different cryptocurrency as well or simply dividend paying stocks which at some point make it more attractive to switch. People will be switching back and forth.

[Semar Mesem]

Almost all cryptocurrencies today depend on the value of BTC a lot, it can be said that BTC is a leading coin in the cryptocurrency market, it is difficult to replace because BTC is a currency in development. A long-established and well-loved coin, with a strong community and long-standing background, this goes hand in hand with ever-increasing price growth. BTC has mostly won the trust as well as the long-term investment direction of BTC, anyone knows, so the price of BTC in the future will increase in value.

Bitcoin has always been a measure of the price of altcoins, but I believe that what makes bitcoin big as it is today is altcoins, the support of thousands of altcoins and tokens makes bitcoin trading continue to increase, this is what makes bitcoin always the first choice over altcoins.

[AicecreaME]

What if an alt-coin reaches the same adoption level as Bitcoin? Wouldn't that be seen as effectively increasing the total number of available coins, therefore devaluing BTC?

Unless bitcoin had some major technical problem, alt-coins will remain a small part of the bitcoin market value. When it comes to money, you need only one type, because money's universal equivalent property. Bitcoin's first mover advantage is very clear, people need one type of digital currency that has limited total supply and no central authority, as long as bitcoin works, this demand is fulfilled

Valid point. Bitcoin won't be easily dethroned IMO because it has properties that many altcoins do not have. It also has a high market demand making it the leading crypto. The people trust it so much because they've known its benefits and potential. Altcoins value is based upon Bitcoin's price movement. When bitcoin's value goes up, so does the value of altcoins in the market. This just means that it is still the superior among all coins.

I don't see any altcoin at the moment that can be of equal or even surpass bitcoin. As of now, it would be hard for them to establish such given the situation. Although there are numerous coins that also show potential value rise, the data I have analyzed aren't enough to tell if they could also stand the tests of time like what bitcoin did.

[xSkylarx]

Almost all cryptocurrencies today depend on the value of BTC a lot, it can be said that BTC is a leading coin in the cryptocurrency market, it is difficult to replace because BTC is a currency in development. A long-established and well-loved coin, with a strong community and long-standing background, this goes hand in hand with ever-increasing price growth. BTC has mostly won the trust as well as the long-term investment direction of BTC, anyone knows, so the price of BTC in the future will increase in value.

To be sure, most cryptos rely on the price of bitcoin, and we've seen that when the price of bitcoin rises, so does the price of altcoins. Not only will the price rise in the future, but it will also be used as a payment method soon, though we do not know if it will be able to replace fiat in the near future. The best thing to do right now is to invest and hold for a profit. Bitcoin will be remembered for a long time because people know they can profit from it.