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Author Topic: Will Bitcoin collapse or mature?  (Read 777 times)
Ultegra134 (OP)
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January 16, 2022, 12:54:02 PM
 #101

Collapse or mature it doesnt matter because if we do look upon on the current state of Bitcoin it is really progressive and the recognition that it gets do really make out improvement and we cant really deny that.
It is progressing but failing to break the resistance and more preciously we can say that current bitcoin market is into sideways movement between support levels around $41k levels and resistance around $45k levels. This might lead the market to have similar up and down for 2 more times as well before we are seeing any significant progress. But, the good thing is, usually after a sideways movement do progress in upside.

So, we can assume that bitcoin market is not going to collapse both in long run and in short run. We may or may not have bullish trend this year but we will not have another 80% bearish market this time for sure.
Resistance has been built at the $40.000 mark, I don't believe it crash any further than that. Thus, chances are that we'll experience some time of bear market, staying relatively stable, within $40k-45k level, it has stayed there for quite some time now. To be honest, as it has been mentioned before, I don't really mind, we have a long way ahead of us, at least, for those who are patient enough.

 
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January 16, 2022, 07:46:57 PM
 #102

Collapse or mature it doesnt matter because if we do look upon on the current state of Bitcoin it is really progressive and the recognition that it gets do really make out improvement and we cant really deny that.
It is progressing but failing to break the resistance and more preciously we can say that current bitcoin market is into sideways movement between support levels around $41k levels and resistance around $45k levels. This might lead the market to have similar up and down for 2 more times as well before we are seeing any significant progress. But, the good thing is, usually after a sideways movement do progress in upside.

So, we can assume that bitcoin market is not going to collapse both in long run and in short run. We may or may not have bullish trend this year but we will not have another 80% bearish market this time for sure.
Resistance has been built at the $40.000 mark, I don't believe it crash any further than that. Thus, chances are that we'll experience some time of bear market, staying relatively stable, within $40k-45k level, it has stayed there for quite some time now. To be honest, as it has been mentioned before, I don't really mind, we have a long way ahead of us, at least, for those who are patient enough.
Bitcoin holders maintain good patience than anyone else. In this regard people are highly positive about the market. In all means we need to have comparison with the previous years of movement. Over the years after a big rise there used to be stabilized move. At times this has resulted in bear market. Even this time same is the expectation. Going through the forum itself it is clear, as the market is in bearish move people never talk about the ATH. For this all that is being discussed is the market to reach $45k.

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January 16, 2022, 08:44:56 PM
 #103

Resistance has been built at the $40.000 mark, I don't believe it crash any further than that. Thus, chances are that we'll experience some time of bear market, staying relatively stable, within $40k-45k level, it has stayed there for quite some time now. To be honest, as it has been mentioned before, I don't really mind, we have a long way ahead of us, at least, for those who are patient enough.
The green we are seeing right now could be a dead cat bouncing as well, we should always be careful about it. I mean it doesn't mean that it will not be impossible for us to go up, it could very well happen but we just need to be careful. So, maybe it is a big increase that helps everyone out and we will not be going any lower at all, or maybe it will be something much worse and it will go down a lot and this was just a fake out.

We will never know this before it happens, many people will try to predict it but they will always fail to do so 100% all the time, some people will be right sometimes and wrong other times so we just need to face the fact that all possibilities are in fact are possible. Doesn't mean that it will not be available for any of us to take a stand accordingly, it usually goes up in the long run so buying never really hurts.
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January 16, 2022, 09:01:32 PM
 #104

Collapse or mature it doesnt matter because if we do look upon on the current state of Bitcoin it is really progressive and the recognition that it gets do really make out improvement and we cant really deny that.
It is progressing but failing to break the resistance and more preciously we can say that current bitcoin market is into sideways movement between support levels around $41k levels and resistance around $45k levels. This might lead the market to have similar up and down for 2 more times as well before we are seeing any significant progress. But, the good thing is, usually after a sideways movement do progress in upside.

So, we can assume that bitcoin market is not going to collapse both in long run and in short run. We may or may not have bullish trend this year but we will not have another 80% bearish market this time for sure.
Resistance has been built at the $40.000 mark, I don't believe it crash any further than that. Thus, chances are that we'll experience some time of bear market, staying relatively stable, within $40k-45k level, it has stayed there for quite some time now. To be honest, as it has been mentioned before, I don't really mind, we have a long way ahead of us, at least, for those who are patient enough.
Built what ? all i can see that the price has been rejected to move up the entire week now. it could possibly at the current price range for a couple months or a flash drop incoming in no time. beware of the crash scenario as when it happened .... nobody can prevent it , the people power! the FUD are everywhere around us.

drop to 39k and back to 43k .. that is my current price range and the first wave of crash could bring us down to 30k overnight!

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January 16, 2022, 11:31:42 PM
 #105

Resistance has been built at the $40.000 mark, I don't believe it crash any further than that. Thus, chances are that we'll experience some time of bear market, staying relatively stable, within $40k-45k level, it has stayed there for quite some time now. To be honest, as it has been mentioned before, I don't really mind, we have a long way ahead of us, at least, for those who are patient enough.
The green we are seeing right now could be a dead cat bouncing as well, we should always be careful about it. I mean it doesn't mean that it will not be impossible for us to go up, it could very well happen but we just need to be careful. So, maybe it is a big increase that helps everyone out and we will not be going any lower at all, or maybe it will be something much worse and it will go down a lot and this was just a fake out.

Well, I don't even feel how bad it is but seeing the market is in the uptrend motion, I then being positive that it even move high than of yesterday rather than thinking it drops again. Of course, we can't ignore those possibilities as we never what will happen next and also the mindset of other people as if they sell their coins, that could be a huge impact on the trend. But, I'd rather not to think it hard, I'm thinking it in the opposite way as many people now are committed to holding than being a panic seller.
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January 27, 2022, 12:12:43 PM
 #106

In my opinion, the recent bitcoin price correction in the market is a possible phenomenon. However, this does not mean that bitcoin will collapse. Granted, bitcoin's performance last year is no guarantee it will be the same in the future, but that's what bullish investors tend to hold on to when they advocate for long-term Bitcoin holdings. A drop of more than 30% from a month's high is certainly undermining Bitcoin's prospects going forward. but I see, in the future bitcoin will be more mature and the bitcoin market will be bullish again.

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January 27, 2022, 02:32:03 PM
 #107

Collapse or mature it doesnt matter because if we do look upon on the current state of Bitcoin it is really progressive and the recognition that it gets do really make out improvement and we cant really deny that.
It is progressing but failing to break the resistance and more preciously we can say that current bitcoin market is into sideways movement between support levels around $41k levels and resistance around $45k levels. This might lead the market to have similar up and down for 2 more times as well before we are seeing any significant progress. But, the good thing is, usually after a sideways movement do progress in upside.

So, we can assume that bitcoin market is not going to collapse both in long run and in short run. We may or may not have bullish trend this year but we will not have another 80% bearish market this time for sure.
Resistance has been built at the $40.000 mark, I don't believe it crash any further than that. Thus, chances are that we'll experience some time of bear market, staying relatively stable, within $40k-45k level, it has stayed there for quite some time now. To be honest, as it has been mentioned before, I don't really mind, we have a long way ahead of us, at least, for those who are patient enough.

Right, I thought that we will get over $40k or at least touch it because the price seems to be heading on the $38k-$39k, but too much mental barrier I guess. The price then descendent to $35k-$36k.

So we will see what will happen in the weekends, I do hope that it will just maintain the price and no more downturn. At least a good $37k is not that bad at the end of this week or this month. And then we look forward again in February to break $40k.

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January 27, 2022, 07:50:22 PM
 #108

Collapse or mature it doesnt matter because if we do look upon on the current state of Bitcoin it is really progressive and the recognition that it gets do really make out improvement and we cant really deny that.
It is progressing but failing to break the resistance and more preciously we can say that current bitcoin market is into sideways movement between support levels around $41k levels and resistance around $45k levels. This might lead the market to have similar up and down for 2 more times as well before we are seeing any significant progress. But, the good thing is, usually after a sideways movement do progress in upside.

So, we can assume that bitcoin market is not going to collapse both in long run and in short run. We may or may not have bullish trend this year but we will not have another 80% bearish market this time for sure.
Resistance has been built at the $40.000 mark, I don't believe it crash any further than that. Thus, chances are that we'll experience some time of bear market, staying relatively stable, within $40k-45k level, it has stayed there for quite some time now. To be honest, as it has been mentioned before, I don't really mind, we have a long way ahead of us, at least, for those who are patient enough.

Right, I thought that we will get over $40k or at least touch it because the price seems to be heading on the $38k-$39k, but too much mental barrier I guess. The price then descendent to $35k-$36k.

So we will see what will happen in the weekends, I do hope that it will just maintain the price and no more downturn. At least a good $37k is not that bad at the end of this week or this month. And then we look forward again in February to break $40k.
Basing up on observation on the market for how many years then drops could really be almost instant or on fast pace but whenever we do really consider or do  talk
about recovery then it would surely takes time and wont really be that a smooth sail ride on touching up those numbers considering that there would really be resistances
above which would be a selling point specially to those who do short trades which it wouldnt really be easy to see recovery on big percentages but there are instances
on which we do really see these kind of conditions but the most common one is on what we are seeing now.

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January 27, 2022, 09:35:07 PM
 #109

In my opinion, the recent bitcoin price correction in the market is a possible phenomenon. However, this does not mean that bitcoin will collapse. Granted, bitcoin's performance last year is no guarantee it will be the same in the future, but that's what bullish investors tend to hold on to when they advocate for long-term Bitcoin holdings. A drop of more than 30% from a month's high is certainly undermining Bitcoin's prospects going forward. but I see, in the future bitcoin will be more mature and the bitcoin market will be bullish again.
Well, perhaps...it's all been a normal trend, nothing it becomes special to what we have now. In fact, the market turns back high now, it keeps going as for sure and this is stopping people thinking about it collapse ( as usually, it happens).

Anyhow, I going to agree that Bitcoin will soon get mature as the adoption keeps growing but talking about it collapsing someday, that gonna be different and certainly have another reason not because of the declines.

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January 28, 2022, 05:33:15 AM
 #110

I still believe and remain optimistic that bitcoin will remain strong and so far the bitcoin community is still doing well so people still believe that the bitcoin platform can still be trusted by the public.
As long as people still believe in bitcoin, bitcoin will continue to grow and develop no matter what circumstances shake the current bitcoin price.
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January 28, 2022, 08:21:00 AM
 #111

I still believe and remain optimistic that bitcoin will remain strong and so far the bitcoin community is still doing well so people still believe that the bitcoin platform can still be trusted by the public.
As long as people still believe in bitcoin, bitcoin will continue to grow and develop no matter what circumstances shake the current bitcoin price.
It is not the bitcoin itself but its us or the community rather . if we are strong , bitcoin can also feel the same.
Right now, we are in the situation where btc is crashing and it so sad that a portion of the community looses their hope already by selling their precious bitcoins. They sell it for cash or the things they want and what is worst is they buy coins that I can say not really important, just because they see those coins are now doing well but that can only be temporary. Bitcoin does collapse but it rebuilds again in a much stronger and better version of it self, that makes bitcoin to become matured when compared to the other cryptocurrencies.

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January 28, 2022, 12:53:09 PM
 #112

I still believe and remain optimistic that bitcoin will remain strong and so far the bitcoin community is still doing well so people still believe that the bitcoin platform can still be trusted by the public.
As long as people still believe in bitcoin, bitcoin will continue to grow and develop no matter what circumstances shake the current bitcoin price.
It is not the bitcoin itself but its us or the community rather . if we are strong , bitcoin can also feel the same.
Right now, we are in the situation where btc is crashing and it so sad that a portion of the community looses their hope already by selling their precious bitcoins. They sell it for cash or the things they want and what is worst is they buy coins that I can say not really important, just because they see those coins are now doing well but that can only be temporary. Bitcoin does collapse but it rebuilds again in a much stronger and better version of it self, that makes bitcoin to become matured when compared to the other cryptocurrencies.
Those that losses hope in btc is not a true believer, maybe they are just in to make money during a bull run. But when things goes to worst, some of them exited and maybe shift their money to shitcoins (worst decision).

But for those who decided to remain, for sure we will be rewarded soon, it might take years before we might see a good profit though. However, it's time to accumulate again and then just hold, simple formula and yet very effective.

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January 28, 2022, 01:12:30 PM
 #113

Depends on the period we are talking about. Nobody really knows if it will collapse or mature in the short run, it could both collapse or it could mature in the short period, like from today to next 3-6 months. However, if we are talking about years and years down the road then we are definitely going to see it mature in the long run.

I just never even imagine a possible world where bitcoin is not going up in the long run, today is cheaper than 10 years later, and 10 years later is cheaper than 20 years later, and 20 ye.. well you got the idea. So that is why I always keep on buying more and more, bought under 10k, bought over 60k, doesn't matter what the price is, if I have some saved aside, I will always buy bitcoin.

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Ultegra134 (OP)
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January 28, 2022, 10:24:38 PM
 #114

Depends on the period we are talking about. Nobody really knows if it will collapse or mature in the short run, it could both collapse or it could mature in the short period, like from today to next 3-6 months. However, if we are talking about years and years down the road then we are definitely going to see it mature in the long run.

I just never even imagine a possible world where bitcoin is not going up in the long run, today is cheaper than 10 years later, and 10 years later is cheaper than 20 years later, and 20 ye.. well you got the idea. So that is why I always keep on buying more and more, bought under 10k, bought over 60k, doesn't matter what the price is, if I have some saved aside, I will always buy bitcoin.
I'm mostly referring to long-term, not much use to talk about what's going to happen in the next upcoming months, it might go down, like it's occurring now, but that's not much of an issue to me. If we're patient enough, I'm certain that our patience will pay off, if not soon, it will happen in the upcoming years.

Currently, we're seeing a lot of ups and downs throughout the market, which is definitely worrying, especially when you're seeing your coins' value slowly disappear, but with correct management, we'll get through it without any losses.

 
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January 29, 2022, 04:03:19 AM
 #115

I still believe and remain optimistic that bitcoin will remain strong and so far the bitcoin community is still doing well so people still believe that the bitcoin platform can still be trusted by the public.
As long as people still believe in bitcoin, bitcoin will continue to grow and develop no matter what circumstances shake the current bitcoin price.
It is not the bitcoin itself but its us or the community rather . if we are strong , bitcoin can also feel the same.
Right now, we are in the situation where btc is crashing and it so sad that a portion of the community looses their hope already by selling their precious bitcoins. They sell it for cash or the things they want and what is worst is they buy coins that I can say not really important, just because they see those coins are now doing well but that can only be temporary. Bitcoin does collapse but it rebuilds again in a much stronger and better version of it self, that makes bitcoin to become matured when compared to the other cryptocurrencies.
Those that losses hope in btc is not a true believer, maybe they are just in to make money during a bull run. But when things goes to worst, some of them exited and maybe shift their money to shitcoins (worst decision).

But for those who decided to remain, for sure we will be rewarded soon, it might take years before we might see a good profit though. However, it's time to accumulate again and then just hold, simple formula and yet very effective.

What you say is true, only those who don't believe in it so they switch to other altcoins so they just leave bitcoin alone.
They just want to feel the other benefits of shitcoin even though the market is in bull rum without them thinking that the value of shitcoin won't last long either.
But I myself still choose to stay calm and persevere and not switch to shitcoins.
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February 02, 2022, 11:58:18 AM
 #116

Bitcoin will never collapse that is one thing I'm sure or not in our lifetime now at least.

Mature? have not you seen this happening ? for 13 years now we can finally say that Bitcoin is mature already and has constant maturity happens.

in years to come as bitcoin getting older? this will bring more progress and relief to all who believes and trust this coin.

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February 02, 2022, 07:16:04 PM
 #117

This phase of the bitcoin price correction in the past month has fueled concerns that the bitcoin price spike may be running out of momentum. However, if we look at the bitcoin price momentum last year, Bitcoin price has more than quadrupled throughout 2021. Therefore, I think that bitcoin will mature more going forward as more institutional investors adopt bitcoin.

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February 02, 2022, 11:26:40 PM
 #118

This phase of the bitcoin price correction in the past month has fueled concerns that the bitcoin price spike may be running out of momentum. However, if we look at the bitcoin price momentum last year, Bitcoin price has more than quadrupled throughout 2021. Therefore, I think that bitcoin will mature more going forward as more institutional investors adopt bitcoin.
People should really be thinking off this way on which the price is much more better compared on last years.Take a look on bigger picture and you would really appreciate on how this market had matured enough

even though full recognition isnt still there yet but we are really heading there but it wouldnt be a smooth sail ride and people should really be thinking this way.

Lets just appreciate on what we are seeing now and move according into the current situation and make advantage for you to make profits.

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February 03, 2022, 03:27:28 AM
 #119

for 13 years now what can you say? does bitcoin shows collapsing ? or instead becoming maturity lol.

Bitcoin will run up to be more and more mature , remember that crypto is now supported by people around the globe and the popularity is showing how strong this currency is .
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