Will Bitcoin collapse or mature?

[RealMalatesta]

I think the stability level of bitcoin has been tested, bitcoin has died many times in the market, but because the resilience of bitcoin is getting bigger and bigger, if because of the correction we say that bitcoin is finished, then how are their conditions when they first appeared in crypto, sometimes -sometimes it's this correction that makes bitcoin and other coins big pumps, so there's no need to worry too much in these kind of market conditions, because bitcoin has gone through other problems that are much bigger than now.

People will say bitcoin "will die" all the time, there is no stopping that. https://99bitcoins.com/bitcoin-obituaries/ look at this website and you will see only a portion of it, not the whole time it has been said that it will die but you will see it from major outlets there. Even up until the last days of 2021 people talked about how it is a scam and it will end in tears and we all know that it is not true.

Some people will keep on claiming they know who satoshi is, how bitcoin will be zero and how they are going to end up losing all of their money if they invest to bitcoin and all of that. There is none of that going on in real life, these people are just "hoping" that it would happen. Bitcoin will always survive.

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[Ultegra134]

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.

I beg to know more information about these people who have proved that it's all a bubble. I'd like to know what part of math and science is proving that Bitcoin is a bubble, about to burst. Despite rumors and assumptions, I'm yet to see any solid evidence, as you're mentioning.

On top of that, you didn't answer my question regarding where you're standing on this forum, since you don't sound like a Bitcoin supporter.

[stadus]

I think the stability level of bitcoin has been tested, bitcoin has died many times in the market, but because the resilience of bitcoin is getting bigger and bigger, if because of the correction we say that bitcoin is finished, then how are their conditions when they first appeared in crypto, sometimes -sometimes it's this correction that makes bitcoin and other coins big pumps, so there's no need to worry too much in these kind of market conditions, because bitcoin has gone through other problems that are much bigger than now.

People will say bitcoin "will die" all the time, there is no stopping that. https://99bitcoins.com/bitcoin-obituaries/ look at this website and you will see only a portion of it, not the whole time it has been said that it will die but you will see it from major outlets there. Even up until the last days of 2021 people talked about how it is a scam and it will end in tears and we all know that it is not true.

Some people will keep on claiming they know who satoshi is, how bitcoin will be zero and how they are going to end up losing all of their money if they invest to bitcoin and all of that. There is none of that going on in real life, these people are just "hoping" that it would happen. Bitcoin will always survive.

What would you expect from those who don't even know bitcoin from the start? Of course, they always see it as a temporary hype that will definitely come to an end or collapse in the long run. But for bitcoin enthusiasts, we know that bitcoin will only mature and will continue to create progress in every year that comes. Seeing also that we are now starting to create massive adoption, then bitcoin will certainly be a part of financial system legally in the long run.

[Ultegra134]

I think the stability level of bitcoin has been tested, bitcoin has died many times in the market, but because the resilience of bitcoin is getting bigger and bigger, if because of the correction we say that bitcoin is finished, then how are their conditions when they first appeared in crypto, sometimes -sometimes it's this correction that makes bitcoin and other coins big pumps, so there's no need to worry too much in these kind of market conditions, because bitcoin has gone through other problems that are much bigger than now.

People will say bitcoin "will die" all the time, there is no stopping that. https://99bitcoins.com/bitcoin-obituaries/ look at this website and you will see only a portion of it, not the whole time it has been said that it will die but you will see it from major outlets there. Even up until the last days of 2021 people talked about how it is a scam and it will end in tears and we all know that it is not true.

Some people will keep on claiming they know who satoshi is, how bitcoin will be zero and how they are going to end up losing all of their money if they invest to bitcoin and all of that. There is none of that going on in real life, these people are just "hoping" that it would happen. Bitcoin will always survive.

What would you expect from those who don't even know bitcoin from the start? Of course, they always see it as a temporary hype that will definitely come to an end or collapse in the long run. But for bitcoin enthusiasts, we know that bitcoin will only mature and will continue to create progress in every year that comes. Seeing also that we are now starting to create massive adoption, then bitcoin will certainly be a part of financial system legally in the long run.

I don't see any temporary hypes here, Bitcoin has been soaring for the past 1.5 years, even if it crashes further down, it's still way higher than 2021's lowest point, and still higher than 2020's ATH. Price volatility is expected, and to be honest, I'm pretty used to this up and down situation. Sometimes it sucks seeing your money being "drained", but I've already seen it grow multiple times. I don't get why some people are so negative. It's logical to be skeptical, unsure or afraid, but being blunt that Bitcoin is a bubble, without having the evidence to back it up, is pure nonsense.

[STT]

It should develop actively so long as people require that utility online to transact, seems feasible that it will always be around.   I remember at the time of the tech boom, people searching for this solution and the closest they came was to declare advertising was the global form of ecommerce money, in that it was available in small enough amounts and possible to obtain for many websites at that time.   Obviously advertising revenue is not really fungible, Bitcoin is superior to the bits and bobs that otherwise would exist as proxy tokens in its absense therefore BTC will continue with that need.

[Lucius]

I beg to know more information about these people who have proved that it's all a bubble. I'd like to know what part of math and science is proving that Bitcoin is a bubble, about to burst. Despite rumors and assumptions, I'm yet to see any solid evidence, as you're mentioning.

Strange that you didn't notice @proudhon, everyone already knows him in the speculation board, and he is especially popular in the WO board because of his eternally pessimistic attitude. His sources that have confirmed his theories with the help of mathematics and science are supposedly from China - at least that's what I remember from some discussions.

Here is an example of his post from 2016, and any further discussion after that is completely unnecessary - 6 years later he is still defending his opinion, and the value of 1 BTC has grown from $400 to the current $47 000.

I've been studying bitcoin for years now, and have fully confirmed my fear from a few years ago -- that ultimately bitcoin is doomed to failure. All the data I've seen confirms this and anyone can check it with analysis of their own by technical analysis data, as I have confirmed. Just check the Chinese and Russian sources, as have been confirmed by my TA analysis and multiple linear regression study.

The best course of action at this moment is to sell if you have bitcoin and not buy bitcoin if you don't have bitcoin. That course of action is confirmed by the available data and will prevent losses. I'm simply offering this advice to help people not lose money on a dying technology. Feel free to review the data yourself. It's very clear. These news, data, and charts should be concerning and demonstrate with confirmed facts that bitcoin is nearing the end of its life. Maybe something better will come along, I don't know. But unfortunately, bitcoin has failed and is collapsing.

[bitterguy28]

i don't think Collapsing is another Option here.

Bitcoin may increase to 6 digits, or this will even fall to 3 digits , but collapsing? no I don't think so, instead bearish will only the other option.

But it is good that you open this topic because i can see more worth a read replies from Bitcoin supporters and even detractors .

But the main goal here is to share our beliefs and information towards future.

[btc_angela]

i don't think Collapsing is another Option here.

Bitcoin may increase to 6 digits, or this will even fall to 3 digits , but collapsing? no I don't think so, instead bearish will only the other option.

But it is good that you open this topic because i can see more worth a read replies from Bitcoin supporters and even detractors .

But the main goal here is to share our beliefs and information towards future.

I agree, collapsing is an overstatement for bitcoin in my opinion.

It has surprised a lot of test during it's infancy and then goes on to hit a new all time high last year with a huge price of $68k. So that is far from the definition of collapsing.

On the contrary it is growing strong and could hit 6 digits in the future. There are a lot of perma bears in this community, but it doesn't mean that they can stop bitcoin.

[Questat]

i don't think Collapsing is another Option here.

Bitcoin may increase to 6 digits, or this will even fall to 3 digits , but collapsing? no I don't think so, instead bearish will only the other option.

But it is good that you open this topic because i can see more worth a read replies from Bitcoin supporters and even detractors .

But the main goal here is to share our beliefs and information towards future.

I agree, collapsing is an overstatement for bitcoin in my opinion.

It has surprised a lot of test during it's infancy and then goes on to hit a new all time high last year with a huge price of $68k. So that is far from the definition of collapsing.

On the contrary it is growing strong and could hit 6 digits in the future. There are a lot of perma bears in this community, but it doesn't mean that they can stop bitcoin.

But to say it reaches $500,000 or stays at 6 digits might be overstated as well. I could say this because we can't sure where Bitcoin goes. Even we saw that Bitcoin is growing and the price really impressing almost everyone. I understand that we are mostly thinking positively the same thing I did but this can never save Bitcoin if ever it will collapse one day, we never know right? But for now, it was just seeing great and we look forward to it as it looks more better than today.

[_BlackStar]

But to say it reaches $500,000 or stays at 6 digits might be overstated as well. I could say this because we can't sure where Bitcoin goes. Even we saw that Bitcoin is growing and the price really impressing almost everyone. I understand that we are mostly thinking positively the same thing I did but this can never save Bitcoin if ever it will collapse one day, we never know right? But for now, it was just seeing great and we look forward to it as it looks more better than today.

Bitcoin can reach $200K and can also drop below $20K if volatility is taken into account. Bear in mind that we will be faced with one of the big news this year where Mtgox might distribute bitcoins to holders, this will affect the price and huge volatility will probably occur as people will be eager to take profits after so long wanting to get those bitcoins back.

I wouldn't put other people's analysis up front when it comes to investing because I'm sure they don't do it as financial advice. Being overly optimistic isn't good either, but we shouldn't be too pessimistic about how the bitcoin price could reach $100K or more.

[Lucius]

Bear in mind that we will be faced with one of the big news this year where Mtgox might distribute bitcoins to holders, this will affect the price and huge volatility will probably occur as people will be eager to take profits after so long wanting to get those bitcoins back.

Information about this process is not entirely clear, nor is it known when the payments will start and in what way. According to some information, the payments could be in fiat and not in BTC, which means that the effect on the crypto market will be zero - and even if the payments are in BTC, not all will be processed at the same time, nor will everyone decide to sell. The 140 000 BTC in question will certainly not be sold in its entirety, and some will certainly go through the OTC - which means that no fear is justified.

While it's still unclear if payouts will be in cryptocurrency or fiat currency, some industry watchers see creditors getting bitcoin in a matter of months. Creditors have been asked to register their bank account information on a specified website to receive payment.

[_BlackStar]

Information about this process is not entirely clear, nor is it known when the payments will start and in what way. According to some information, the payments could be in fiat and not in BTC, which means that the effect on the crypto market will be zero - and even if the payments are in BTC, not all will be processed at the same time, nor will everyone decide to sell. The 140 000 BTC in question will certainly not be sold in its entirety, and some will certainly go through the OTC - which means that no fear is justified.

While it's still unclear if payouts will be in cryptocurrency or fiat currency, some industry watchers see creditors getting bitcoin in a matter of months. Creditors have been asked to register their bank account information on a specified website to receive payment.

I would prefer them to distribute fiat as payment rather than send bitcoins partially. Fiat payment schemes will not affect the market, that's for sure but if the payment are in bitcoin then I believe the market will probably experience a correction regardless of how the distribution is done ^{[partially or otherwise].}

In addition, I believe that increasingly visible payment information can be used by people to create FUDs that can influence the market. A correction will occur, but we will definitely get through it right.

[Botnake]

But to say it reaches $500,000 or stays at 6 digits might be overstated as well. I could say this because we can't sure where Bitcoin goes. Even we saw that Bitcoin is growing and the price really impressing almost everyone. I understand that we are mostly thinking positively the same thing I did but this can never save Bitcoin if ever it will collapse one day, we never know right? But for now, it was just seeing great and we look forward to it as it looks more better than today.

Bitcoin can reach $200K and can also drop below $20K if volatility is taken into account. Bear in mind that we will be faced with one of the big news this year where Mtgox might distribute bitcoins to holders, this will affect the price and huge volatility will probably occur as people will be eager to take profits after so long wanting to get those bitcoins back.

I wouldn't put other people's analysis up front when it comes to investing because I'm sure they don't do it as financial advice. Being overly optimistic isn't good either, but we shouldn't be too pessimistic about how the bitcoin price could reach $100K or more.

It's better to see the market in a more practical and balanced way rather than overrated or underrated since it does not help at all. But i would say, with regards to the market's condition at the present, bitcoin will certainly not collapse, rather it will grow and increase its value as soon as the market gets back to normal. I can say its a normal thing to see crypto prices in dump whenever a correction or bear season hits the market. Just stay calm and patient. This situation will eventually change when the market recovers.

[Sled]

But to say it reaches $500,000 or stays at 6 digits might be overstated as well. I could say this because we can't sure where Bitcoin goes. Even we saw that Bitcoin is growing and the price really impressing almost everyone. I understand that we are mostly thinking positively the same thing I did but this can never save Bitcoin if ever it will collapse one day, we never know right? But for now, it was just seeing great and we look forward to it as it looks more better than today.

Bitcoin can reach $200K and can also drop below $20K if volatility is taken into account. Bear in mind that we will be faced with one of the big news this year where Mtgox might distribute bitcoins to holders, this will affect the price and huge volatility will probably occur as people will be eager to take profits after so long wanting to get those bitcoins back.

I wouldn't put other people's analysis up front when it comes to investing because I'm sure they don't do it as financial advice. Being overly optimistic isn't good either, but we shouldn't be too pessimistic about how the bitcoin price could reach $100K or more.

It's better to see the market in a more practical and balanced way rather than overrated or underrated since it does not help at all. But i would say, with regards to the market's condition at the present, bitcoin will certainly not collapse, rather it will grow and increase its value as soon as the market gets back to normal. I can say its a normal thing to see crypto prices in dump whenever a correction or bear season hits the market. Just stay calm and patient. This situation will eventually change when the market recovers.

That is why I don't argue with people whether they say it collapse or not. Practically, we all have different opinions and market insights but it was common to hear people talking positively and very optimistic about the future rather than hearing negative. And it found to be possibly right, Bitcoin will soon become matured enough and be considered as a legal tender globally but can't just put aside as well that it can have its end when new discovery/technology comes.

[doomloop]

It's better to see the market in a more practical and balanced way rather than overrated or underrated since it does not help at all. But i would say, with regards to the market's condition at the present, bitcoin will certainly not collapse, rather it will grow and increase its value as soon as the market gets back to normal. I can say its a normal thing to see crypto prices in dump whenever a correction or bear season hits the market. Just stay calm and patient. This situation will eventually change when the market recovers.

That is why I don't argue with people whether they say it collapse or not. Practically, we all have different opinions and market insights but it was common to hear people talking positively and very optimistic about the future rather than hearing negative. And it found to be possibly right, Bitcoin will soon become matured enough and be considered as a legal tender globally but can't just put aside as well that it can have its end when new discovery/technology comes.

I still agree with people when they say it will collapse. It is as if they are cursing to the main thing I believe in this life. Crypto is something I care about a lot, and I know that I should not be forcing other people to think the way I think and they have a free speech as well, so when they say they do not believe it and it will crash, I should be understanding of that or at least even if I disagree, just do not try to argue with them.

However there is also the fact that if I say I disagree with them, it is my own free speech as well, so maybe I am doing something fine and not a big problem. At the end of the day there is nothing wrong with being in crypto, and if anyone tries to scare you away, just tell them it is their own idea and they should not make you leave by trying to convince you, let them tell their own idea on what they believe in and not focus on trying to change your own mind.

[wxa7115]

how high that value could be? That is what no one really knows, obviously as you may guess since I am here in this forum I think the potential of bitcoin is unlimited as I think that as time passes bitcoin will mature to the point we will be able to use it in almost any store in existence around the world.

Even gold after the thousands of years of existence, still growing hence bitcoin also must keep appreciating according to the demand. Some people will argue like after most of the world population adopt, bitcoin may reach the final ATH but I do not agree with that. We cannot estimate how much an individual will hold or El Salvador kind of country will hold for reserves. Hence, there cannot be any speculation about the mature level of bitcoin may remain true all the times until no rule of bitcoin economy is changed.

When we are somehow able to predict the future of bitcoin, then why we should still doubt about the collapse like situation for bitcoin?

And I agree with this view as well, what you can buy with gold has gone up as times has passed, and while technological advancement had a lot to do with it as well, after all you cannot buy something that does not exist, the fact is that what you can buy with gold and its quality has gone up tells us that gold has appreciated in value for thousands of years.

And something similar is going to happen with bitcoin, which means that someone that thinks they have a small amount of bitcoin right now is not really looking at the long term potential of his small holdings, as in the future those very same holdings could become extremely valuable.

[Finestream]

It's better to see the market in a more practical and balanced way rather than overrated or underrated since it does not help at all. But i would say, with regards to the market's condition at the present, bitcoin will certainly not collapse, rather it will grow and increase its value as soon as the market gets back to normal. I can say its a normal thing to see crypto prices in dump whenever a correction or bear season hits the market. Just stay calm and patient. This situation will eventually change when the market recovers.

That is why I don't argue with people whether they say it collapse or not. Practically, we all have different opinions and market insights but it was common to hear people talking positively and very optimistic about the future rather than hearing negative. And it found to be possibly right, Bitcoin will soon become matured enough and be considered as a legal tender globally but can't just put aside as well that it can have its end when new discovery/technology comes.

I still agree with people when they say it will collapse. It is as if they are cursing to the main thing I believe in this life. Crypto is something I care about a lot, and I know that I should not be forcing other people to think the way I think and they have a free speech as well, so when they say they do not believe it and it will crash, I should be understanding of that or at least even if I disagree, just do not try to argue with them.

However there is also the fact that if I say I disagree with them, it is my own free speech as well, so maybe I am doing something fine and not a big problem. At the end of the day there is nothing wrong with being in crypto, and if anyone tries to scare you away, just tell them it is their own idea and they should not make you leave by trying to convince you, let them tell their own idea on what they believe in and not focus on trying to change your own mind.

Both sides are expected when it comes to crypto concerns. There are those crypto haters and eventually crypto lovers. And i would say that bitcoin saying that it will soon to collapse is also their own personal view and we cannot change it. But for us, who are always on the positive side of bitcoin because we know how high its potentials, we opt to correct it. Bitcoin has definitely made successive achievements so its definitely heading into a more mature one rather than seeing it collapsing in one day. Bitcoin is growing and will always be in the years to follow.

[LogitechMouse]

~

Tom Lee is the same person who predicted a very high price for Bitcoin (can't remember when) years ago and its obvious that it didn't happen.
Whether they are analysts or an advisor or an economics teacher, still they don't know what will happen in the future therefore these are just pure speculations.

With regards to the 2 sides, its either the analysts are correct or the economists/professors are correct. I'm bullish when it comes to Bitcoin but I know that it will be a bumpy road. I see Bitcoin to rise to 6 digits in the next 1-2 years (own speculation) and that's how bullish I am but who knows what will happen. Maybe we see Bitcoin going up higher in the next weeks or we might see the opposite and it goes down (like what is happening right now).

[ranaprime]

The history of Bitcoin says that it is going to mature day by day. Concerned neo-hippies and crypto analysts express in the same way. So it will not be a disaster but will get more maturity in the coming days. Though there are few people who are making negative in the market by confusing their fraud thoughts.

[OgNasty]

I love the difference in mood between when Bitcoin rallied to $40K the first time and how it's sitting above it now with people talking about a collapse.  I think Bitcoin will obviously continue to mature.  Just look at the news.  Billions of dollars are being poured into Bitcoin mining alone.  Not to mention the money being invested in development and for fund management purposes.  We'll have to wait and see if there's still a bubble to be had before this cycle calls an end, but it definitely seems like we're on the cusp of either a bubble reforming, or a slow crash back down below $30K.  Either way, I would advise folks destined to hold through the crash to find themselves some investment income so they can come out stronger on the other side.