Will Bitcoin collapse or mature?

[el kaka22]

There is really not just a "collapse or skyrocket!" type of situation in crypto. It could very well be doing decent and not skyrocket, and it certainly won't be crashing neither.

People who think that there is a chance that bitcoin (or crypto in general) end up losing a lot of money and becoming zero one day will always turn out to be wrong. It doesn't mean that you have to make that type of money all the time, it just means that you need to make a bit of profit and not lose it all just to prove them wrong.

At the end of the day, crypto is a whole ecosystem at this point, there are too many people involved and too much money invested, I doubt that it would crash to zero, sure there could be crashes like 50% here and there during bear periods and it is volatile, but never to zero. I also do not believe all those people that say it will be a million dollars soon, I mean maybe in 5-10 years but not soon. It will be decent, like 2022 will be 50k-100k and that's understandable, maybe it will drop a bit more before it does that, I do not expect any more or any less.

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[Lucius]

I've been reading such stories since the dawn of Bitcoin and cryptos. Likewise, I mostly wanted to point out the differences between pro and against Bitcoin and their status. I don't know any of these two guys being mentioned (pro-Bitcoin), because honestly, I don't actually bother with predictions and analysts.

For people who are deeply involved in Bitcoin, it is quite logical that they are generally very positive, because their work and earnings depend on how successful Bitcoin is. Bankers, on the other hand, know very well that they can afford to be negative about Bitcoin because it suits their business in a way that deters people from investing in Bitcoin.

I’m also not a fan of all those experts who claim to know something, and in the end it turns out that some members of this forum know a lot more than them, so it’s better to listen to their advice and think for yourself before any important decision.

Tom Lee remains bull always and we had lots of discussion on his bitcoin speculations.

He also had his moments of weakness and doubt, and after comparing the banning of flavored e-cigarettes with the possible banning of Bitcoin in the US he really showed his great expertise.

As the Trump administration is seemingly getting ready to issue a ban on flavored e-cigarettes, prominent cryptocurrency commentator and head analyst at Fundstrat Global Advisors, Tom Lee, said that this is a signal that the White House can issue an executive order banning anything, including Bitcoin.

[cafucafucafu]

There is really not just a "collapse or skyrocket!" type of situation in crypto. It could very well be doing decent and not skyrocket, and it certainly won't be crashing neither.

People who think that there is a chance that bitcoin (or crypto in general) end up losing a lot of money and becoming zero one day will always turn out to be wrong. It doesn't mean that you have to make that type of money all the time, it just means that you need to make a bit of profit and not lose it all just to prove them wrong.

At the end of the day, crypto is a whole ecosystem at this point, there are too many people involved and too much money invested, I doubt that it would crash to zero, sure there could be crashes like 50% here and there during bear periods and it is volatile, but never to zero. I also do not believe all those people that say it will be a million dollars soon, I mean maybe in 5-10 years but not soon. It will be decent, like 2022 will be 50k-100k and that's understandable, maybe it will drop a bit more before it does that, I do not expect any more or any less.

I think that it will mature.

We are already seeing a lot of traditional finance being integrated with BTC, including ETF approvals, companies accepting BTC for payments, as well as companies holding BTC on their own balance sheets as stores of value.

If this is not a sign of constant maturation, I don't know what is.

[Ultegra134]

I've been reading such stories since the dawn of Bitcoin and cryptos. Likewise, I mostly wanted to point out the differences between pro and against Bitcoin and their status. I don't know any of these two guys being mentioned (pro-Bitcoin), because honestly, I don't actually bother with predictions and analysts.

For people who are deeply involved in Bitcoin, it is quite logical that they are generally very positive, because their work and earnings depend on how successful Bitcoin is. Bankers, on the other hand, know very well that they can afford to be negative about Bitcoin because it suits their business in a way that deters people from investing in Bitcoin.

I’m also not a fan of all those experts who claim to know something, and in the end it turns out that some members of this forum know a lot more than them, so it’s better to listen to their advice and think for yourself before any important decision.

Tom Lee remains bull always and we had lots of discussion on his bitcoin speculations.

He also had his moments of weakness and doubt, and after comparing the banning of flavored e-cigarettes with the possible banning of Bitcoin in the US he really showed his great expertise.

As the Trump administration is seemingly getting ready to issue a ban on flavored e-cigarettes, prominent cryptocurrency commentator and head analyst at Fundstrat Global Advisors, Tom Lee, said that this is a signal that the White House can issue an executive order banning anything, including Bitcoin.

Definitely, it's expected from people who are accustomed to Bitcoin and cryptocurrencies in general to be positive. On the other hand, I'm also trying to be realistic, Bitcoin has skyrocketed in the last year, I wouldn't be surprised if we had a few months (or even a year) of  a bearish market condition. Don't get me wrong, I'm positive for the upcoming future, however, I'm trying to contain myself from being too excited and make unrealistic predictions, which I generally do not follow, either if they are positive or negative.

[Kasabus]

I've been reading such stories since the dawn of Bitcoin and cryptos. Likewise, I mostly wanted to point out the differences between pro and against Bitcoin and their status. I don't know any of these two guys being mentioned (pro-Bitcoin), because honestly, I don't actually bother with predictions and analysts.

For people who are deeply involved in Bitcoin, it is quite logical that they are generally very positive, because their work and earnings depend on how successful Bitcoin is. Bankers, on the other hand, know very well that they can afford to be negative about Bitcoin because it suits their business in a way that deters people from investing in Bitcoin.

I’m also not a fan of all those experts who claim to know something, and in the end it turns out that some members of this forum know a lot more than them, so it’s better to listen to their advice and think for yourself before any important decision.

Tom Lee remains bull always and we had lots of discussion on his bitcoin speculations.

He also had his moments of weakness and doubt, and after comparing the banning of flavored e-cigarettes with the possible banning of Bitcoin in the US he really showed his great expertise.

As the Trump administration is seemingly getting ready to issue a ban on flavored e-cigarettes, prominent cryptocurrency commentator and head analyst at Fundstrat Global Advisors, Tom Lee, said that this is a signal that the White House can issue an executive order banning anything, including Bitcoin.

Definitely, it's expected from people who are accustomed to Bitcoin and cryptocurrencies in general to be positive. On the other hand, I'm also trying to be realistic, Bitcoin has skyrocketed in the last year, I wouldn't be surprised if we had a few months (or even a year) of  a bearish market condition. Don't get me wrong, I'm positive for the upcoming future, however, I'm trying to contain myself from being too excited and make unrealistic predictions, which I generally do not follow, either if they are positive or negative.

Well, we always look the bright side of bitcoin because we know the potentials it has. And even if the market suddenly crash or experience a short term or long term bearish season, i know bitcoin will never collapse but definitely rises up and creating higher value every year. With this current condition of bitcoin and of the whole the crypto space, i think as soon as bitcoin recovers and starts to skyrocket, the whole crypto market will get better and will start to recover too from this correction.

[Ultegra134]

I've been reading such stories since the dawn of Bitcoin and cryptos. Likewise, I mostly wanted to point out the differences between pro and against Bitcoin and their status. I don't know any of these two guys being mentioned (pro-Bitcoin), because honestly, I don't actually bother with predictions and analysts.

For people who are deeply involved in Bitcoin, it is quite logical that they are generally very positive, because their work and earnings depend on how successful Bitcoin is. Bankers, on the other hand, know very well that they can afford to be negative about Bitcoin because it suits their business in a way that deters people from investing in Bitcoin.

I’m also not a fan of all those experts who claim to know something, and in the end it turns out that some members of this forum know a lot more than them, so it’s better to listen to their advice and think for yourself before any important decision.

Tom Lee remains bull always and we had lots of discussion on his bitcoin speculations.

He also had his moments of weakness and doubt, and after comparing the banning of flavored e-cigarettes with the possible banning of Bitcoin in the US he really showed his great expertise.

As the Trump administration is seemingly getting ready to issue a ban on flavored e-cigarettes, prominent cryptocurrency commentator and head analyst at Fundstrat Global Advisors, Tom Lee, said that this is a signal that the White House can issue an executive order banning anything, including Bitcoin.

Definitely, it's expected from people who are accustomed to Bitcoin and cryptocurrencies in general to be positive. On the other hand, I'm also trying to be realistic, Bitcoin has skyrocketed in the last year, I wouldn't be surprised if we had a few months (or even a year) of  a bearish market condition. Don't get me wrong, I'm positive for the upcoming future, however, I'm trying to contain myself from being too excited and make unrealistic predictions, which I generally do not follow, either if they are positive or negative.

Well, we always look the bright side of bitcoin because we know the potentials it has. And even if the market suddenly crash or experience a short term or long term bearish season, i know bitcoin will never collapse but definitely rises up and creating higher value every year. With this current condition of bitcoin and of the whole the crypto space, i think as soon as bitcoin recovers and starts to skyrocket, the whole crypto market will get better and will start to recover too from this correction.

I'm certainly aware of its potential, too. Likewise, I personally wouldn't mind going through a phase of bear market. Any accumulated Bitcoin stays as Bitcoin, I'm not turning any to fiat. Thus, despite the price fluctuations, I'm not bothered nor affected. My goals for 2021 weren't fully achieved, but it's okay. I'm patient and have already set new goals for 2022.

[Ziskinberg]

It has matured already, we just don't understand how volatile it is that's why sometimes we think that the market will collapse when there's a heavy dump. We sometimes look at the bright side only which is the bull run, so we are not open to its correction that would cause a dump in the market, when bitcoin falls, some think it's collapsing but isn't it bitcoin died many times already, and then reach ATH after ATH?

[BuNga_cute]

It has matured already, we just don't understand how volatile it is that's why sometimes we think that the market will collapse when there's a heavy dump. We sometimes look at the bright side only which is the bull run, so we are not open to its correction that would cause a dump in the market, when bitcoin falls, some think it's collapsing but isn't it bitcoin died many times already, and then reach ATH after ATH?

Newbies are the one who are panicking here, they don’t understand the volatility that much not until they experience it. I agree that Bitcoin has grown a lot, but this is not the real peak yet because the price will recover and for sure it will aim for a much expensive price, you just have to be more patience because the best price is yet to come.

It makes sense that most newbies would panic in a situation like now, where the price of Bitcoin has decreased. Because the newbie doesn't have
good enough knowledge to understand how Bitcoin works, and also newbies have no experience with volatile Bitcoin movements. Though the Bitcoin
price dropping is a sure thing, after previously the price of Bitcoin rose very high. If we can be patient and keep believing in the future of Bitcoin,
we can see the price of Bitcoin will rise much higher in the future. Should have seen Bitcoin price drop, it's our chance to buy Bitcoin, because when
the price goes up we already have enough Bitcoins to sell.

[Lucius]

Don't get me wrong, I'm positive for the upcoming future, however, I'm trying to contain myself from being too excited and make unrealistic predictions, which I generally do not follow, either if they are positive or negative.

This is a positive way of thinking, because if you are not convinced that something has to happen, then you will certainly not be disappointed if it does not happen. As for the price, I am completely satisfied at the moment, despite the fact that it is only 50% of what many hoped for. But just remember that on the last day of 2020, the price of 1 BTC was slightly less than $30k, and yesterday some $17-18k higher, which suggests that we can expect new excitement this year.

Of course, we will have to wait a few months to see if the four-year cycle is interrupted, or if it will continue as has been the case so far. Few would like a new crypto winter, but if it does happen it is by no means the end or as some will surely say the collapse of Bitcoin.

[buwaytress]

As for the price, I am completely satisfied at the moment, despite the fact that it is only 50% of what many hoped for.

Also satisfied, even if I'll be the first to admit initial layer of slightly dampened feelings. I would have really liked to liquidate a small chunk of BTC at 6 figures, as that would have given me the freedom to fail for about a year without income to embark on a personal idea.

It didn't happen, but it's fine. I stick to my day job, keep earning for a year, and perhaps even grow my stash of BTC so I'll be even more comfortable when that 100k comes (this year, the next, 2025, at this point it doesn't really matter).

Of course, we will have to wait a few months to see if the four-year cycle is interrupted, or if it will continue as has been the case so far. Few would like a new crypto winter, but if it does happen it is by no means the end or as some will surely say the collapse of Bitcoin.

Indeed, a winter would only reinforce the cycle theory, so that means another halving to look forward to. Still a win-win!

[Ultegra134]

Don't get me wrong, I'm positive for the upcoming future, however, I'm trying to contain myself from being too excited and make unrealistic predictions, which I generally do not follow, either if they are positive or negative.

This is a positive way of thinking, because if you are not convinced that something has to happen, then you will certainly not be disappointed if it does not happen. As for the price, I am completely satisfied at the moment, despite the fact that it is only 50% of what many hoped for. But just remember that on the last day of 2020, the price of 1 BTC was slightly less than $30k, and yesterday some $17-18k higher, which suggests that we can expect new excitement this year.

Of course, we will have to wait a few months to see if the four-year cycle is interrupted, or if it will continue as has been the case so far. Few would like a new crypto winter, but if it does happen it is by no means the end or as some will surely say the collapse of Bitcoin.

Definitely not complaining, I don't see why should I. Last year, I logged in my BitGo wallet (Had only used online ones back then) and watched in awe. I had a small amount of Bitcoin forgotten there, which wasn't worth more than $300-500, a few years ago. If not mistaken, my wallet was then worth approximately $2.000, just out of nothing.

Thus, I have no reason to complain, I've invested into staking too, thus price volatility isn't affecting me, and moreover, I'm trying to accumulate Bitcoin, without paying much attention to its price. The more, the merrier.

[ultrloa]

It has matured already, we just don't understand how volatile it is that's why sometimes we think that the market will collapse when there's a heavy dump. We sometimes look at the bright side only which is the bull run, so we are not open to its correction that would cause a dump in the market, when bitcoin falls, some think it's collapsing but isn't it bitcoin died many times already, and then reach ATH after ATH?

Newbies are the one who are panicking here, they don’t understand the volatility that much not until they experience it. I agree that Bitcoin has grown a lot, but this is not the real peak yet because the price will recover and for sure it will aim for a much expensive price, you just have to be more patience because the best price is yet to come.

We are still bullish even if there's a slight decline and that doesn't mean we should start selling instead of holding only. I think most of the newbies will panic-selling because they have a little knowledge of the market on how it moves. Comparing the price today from the past you can tell that bitcoin is indeed maturing like how the 2017 ATH vs the actual price of bitcoin when it hits ATH last year. You can tell it will still mature more in the coming years.

[uneng]

On the other hand, the famous economist and professor of applied economics at Johns Hopkins University, Steve Hanke, claims that while the price of bitcoin is close to $ 50,000, its value is zero. The head of the largest bank in the world agrees with him. According to JPMorgan's Jamie Dimon, bitcoin has no value.

Traditional economists and banksters are so used to manipulate their fiat currencies and the local economies as a whole that they think to have enough power to define what bitcoin value is. I suppose they are delusional at this point.

What makes bitcoin to have a value are its imutable characteristics, that fiat isn't able to deliver its users. Such noble characteristics generate a value, indeed.

On the other hand, I don't pick any sides of those predictions and by now I expect something at the middle: in other words, 100,000$. Maybe once it happens I can start dreaming about 200,000$.

[Hamphser]

It has matured already, we just don't understand how volatile it is that's why sometimes we think that the market will collapse when there's a heavy dump. We sometimes look at the bright side only which is the bull run, so we are not open to its correction that would cause a dump in the market, when bitcoin falls, some think it's collapsing but isn't it bitcoin died many times already, and then reach ATH after ATH?

Newbies are the one who are panicking here, they don’t understand the volatility that much not until they experience it. I agree that Bitcoin has grown a lot, but this is not the real peak yet because the price will recover and for sure it will aim for a much expensive price, you just have to be more patience because the best price is yet to come.

We are still bullish even if there's a slight decline and that doesn't mean we should start selling instead of holding only. I think most of the newbies will panic-selling because they have a little knowledge of the market on how it moves. Comparing the price today from the past you can tell that bitcoin is indeed maturing like how the 2017 ATH vs the actual price of bitcoin when it hits ATH last year. You can tell it will still mature more in the coming years.

Dont consider for it to be bullish but rather those increase that we are seeing now are signs of somewhat a recovery or buying times but pretty much sure it doesnt indicates something better ahead but if these
gradual accumulations do continue then we might be seeing another 50k levelish kind of behaviour and speaking about collapse or mature then this is something that cant really be predicted because we know
that this market is always been speculative and there's no way you do know on whats ahead.

One things for sure is that recognition and adoption is going much higher as the years passing by but we know that nothing is guaranteed speaking of long term aspects.

[proudhon]

It 100% is collapsing. It'll still take a few years for it to completely go away, but that's where it's confirmed to be headed.

[sheenshane]

Don't get me wrong, I'm positive for the upcoming future, however, I'm trying to contain myself from being too excited and make unrealistic predictions, which I generally do not follow, either if they are positive or negative.

This is a positive way of thinking, because if you are not convinced that something has to happen, then you will certainly not be disappointed if it does not happen. As for the price, I am completely satisfied at the moment, despite the fact that it is only 50% of what many hoped for. But just remember that on the last day of 2020, the price of 1 BTC was slightly less than $30k, and yesterday some $17-18k higher, which suggests that we can expect new excitement this year.

I tend to agree with all of you guys here, as a Bitcoin enthusiast, we should have trust and have a positive mindset about Bitcoin.
Collapsing means totally downfall of Bitcoin or it has a zero value which I don't think will happen, just look around and listen to the news every day.  Bitcoin has been getting more and more investors and it has been accepted by different agencies/companies worldwide.  It's also been in a medium exchange and I think it that way it has started to become mature.

It 100% is collapsing. It'll still take a few years for it to completely go away, but that's where it's confirmed to be headed.

You're wrong, I will bet all my assets on this.  Bitcoin has been stronger and has been trending everywhere.

[Lucius]

Also satisfied, even if I'll be the first to admit initial layer of slightly dampened feelings. I would have really liked to liquidate a small chunk of BTC at 6 figures, as that would have given me the freedom to fail for about a year without income to embark on a personal idea.

I was also more than happy with the last ATH which was close to $70k and I sold some BTC which allowed me to buy presents and everything I needed for the Christmas and New Year holidays. Maybe I had a premonition that it was the right time, or I was lucky - however, I will never allow the price of BTC to dictate to me whether I will spend it or not.

Indeed, a winter would only reinforce the cycle theory, so that means another halving to look forward to. Still a win-win!

Yes a win-win situation, but only for those who are patient that they can wait 3-4 years for a new bull run to happen. However, it remains to be seen what will happen - this resistance, which has been above $45k for some time, only suggests that we will soon find out in which direction the situation will develop.

It 100% is collapsing. It'll still take a few years for it to completely go away, but that's where it's confirmed to be headed.

You're wrong, I will bet all my assets on this.  Bitcoin has been stronger and has been trending everywhere.

Don’t pay too much attention to our FUD troll, he’s been wrong for years, but that doesn’t stop him from still claiming to know what’s going to happen. The only thing that has been confirmed is that some things are not really right in his head.

[davis196]

Basically all opinions,predictions and "analysis" about the future of Bitcoin are biased.
People like Tom Lee,Michael Saylor,the Winklevoss twins and Jack Dorsey are pretty much biased about the bright future of Bitcoin and the BTC price hitting the moon.
People like Warren Buffet,Jamie Dimon,Charlie Munger,Steve Hanke and pretty much all the bankers and economy professors around the world are biased against Bitcoin and they hate it.
Just take a look at the bullshit about Bitcoin having a high price but zero value.If BTC has zero value,then why are the people buying it?This is complete nonsense.
Will Bitcoin collapse or hit the moon?I'd say that Bitcoin will be somewhere in between those two alternatives.
It won't collapse,but it won't hit the moon.

[Ultegra134]

It 100% is collapsing. It'll still take a few years for it to completely go away, but that's where it's confirmed to be headed.

I'm wondering how you came to such conclusion, where has it been confirmed, as you're mentioning. That's your opinion, I get it, I'm not going to force mine on you, however, I don't get why you're a member of this forum, if all you do is bash about Bitcoin? What's exactly your point?

It 100% is collapsing. It'll still take a few years for it to completely go away, but that's where it's confirmed to be headed.

You're wrong, I will bet all my assets on this.  Bitcoin has been stronger and has been trending everywhere.

Don’t pay too much attention to our FUD troll, he’s been wrong for years, but that doesn’t stop him from still claiming to know what’s going to happen. The only thing that has been confirmed is that some things are not really right in his head.

People have been talking crap about Bitcoin and cryptocurrencies in general for years, I'm not surprised to see that there are still people who believe that it's all a bubble about to burst.

[proudhon]

I'm not surprised to see that there are still people who believe that it's all a bubble about to burst.

That there are people who know that it's all a bubble already bursting shouldn't be surprising, since it's been proved by confirmed math and science.