adaseb
Legendary
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Activity: 3752
Merit: 1710
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June 07, 2022, 03:18:29 AM |
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The limited supply for Bitcoin doesn’t really matter because you can buy and sell stuff in sats instead of BTC. These days people usually make transactions in mBTC or uBTC because nobody sends round amounts of Bitcoin these days unless you are buying something big like a car or house.
Limited supply is important because look at what happened with Luna. They had to increase the supply to get the peg back and supply went up exponentially and it basically almost went to 0. And it’s the same with the US dollar and with the bad inflation we are dealing with right now.
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Fundamentals Of
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June 07, 2022, 04:03:34 AM |
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The question is, will the dollar strengthen simply because the Fed is raising the interest rate? I doubt that. But either way a strong dollar does not actually mean a weak Bitcoin.
Bitcoin is not in direct competition with the dollar because it is not fiat. Whether the dollar is weak or strong, Bitcoin still serves its purpose. Bitcoin is the decentralized money that it will always be regardless of the dollar's progress or regress. So to those who want to get out of the fiat system, Bitcoin is always strong regardless of the dollar's strength.
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istiak2277
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Activity: 728
Merit: 19
KUWA.ai
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June 07, 2022, 04:14:09 AM |
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Is limited supply the solution? There are weaknesses and strengths in every concept of the economy. Limited supply makes bitcoin not suitable for global adoption. This will increase inequality in our society even more, when rich people, corporations, and governments will only be able to buy and hold bitcoin. Small supply means it will be easy to manipulate and a few individuals could hold so much wealth that they could be the bad actors in the world.
In my opinion, BTC should not be the primary asset for the reserve of wealth. Its truly limited supply gives BTC the ability to rise, but it is also its greatest weakness.
Limited supply is not the only characteristic that gives bitcoin its increasing value, the main reason is all of the utilities that it offers the users. Also you should keep in mind that limited supply does not mean small supply and the arguments you made are mostly about distribution and that doesn't make any difference in a limited or unlimited supply design because the "rich people" would still own the most share in a currency with unlimited supply. With the unlimited supply, you will not be able to create any supply shortages for the assets. With BTC, whales could acquire all the BTC from circulation and create a simulated crisis in demand. There will be no way the government will be able to stabilize the situation. Without even distribution, it is true the government will not be in control, but neither the community will be. |
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19Nov16
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June 07, 2022, 09:47:51 AM |
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Don't worry about the future of bitcoin, I'm sure the bitcoin trend is still good, the increasing number of countries that open legal tenders is a strong indication that users will increase significantly, besides that the number of global companies that continue to develop bitcoin is the reason that we deserve to hold bitcoin for the long term .
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CaVO32
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June 07, 2022, 10:12:49 PM |
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Don't worry about the future of bitcoin, I'm sure the bitcoin trend is still good, the increasing number of countries that open legal tenders is a strong indication that users will increase significantly, besides that the number of global companies that continue to develop bitcoin is the reason that we deserve to hold bitcoin for the long term .
The increasing number of stakeholders in bitcoin market is telling us that they do believe in the future of this industry. Because if they don't, they won't waste their resources to be in this market. But take note, bitcoin may have future, but most alts won't. Because a lot of them will be abandoned by their respective developers as they collect their retirement money from gullible investors. And if you do believe that bitcoin has good future, as early as now, you are thinking on how to increase your btc portfolio to reap the benefits that it may entail in the future. |
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Yaunfitda
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June 07, 2022, 10:27:01 PM |
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The question is, will the dollar strengthen simply because the Fed is raising the interest rate? I doubt that. But either way a strong dollar does not actually mean a weak Bitcoin.
Bitcoin is not in direct competition with the dollar because it is not fiat. Whether the dollar is weak or strong, Bitcoin still serves its purpose. Bitcoin is the decentralized money that it will always be regardless of the dollar's progress or regress. So to those who want to get out of the fiat system, Bitcoin is always strong regardless of the dollar's strength.
History tells us that is not always the case, on the contrary it will weaken the dollar in the next couple of years and then they will have to adjust the rate again. But we can't blame the government, this is the after effects of covid pandemic. Bitcoin could be the alternative, not a competition for dollar. This notion of competition come from the bankers themselves because they are afraid of bitcoin and crypto in general. But we all know that bitcoin can be used just like money and store of value, it has many uses for us so it's really a good option. |
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Sir Legend
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June 08, 2022, 02:50:27 AM |
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The current price is around $32k, up more than 5% compared to yesterday, I think this is a good sign and potential for bitcoin in the future, I am always optimistic that the future of bitcoin will continue to improve, many factors make us worthy of optimism, a good FUD massive doesn't make users afraid to buy more.
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suzanne5223
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June 08, 2022, 11:49:25 PM |
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What do you think about the Federal Reserve System meeting?
Is there any chance that bitcoin will fall as the dollar strengthens if they decide to raise interest rates?
Firstly, the Federal reserve system meeting about raising the interest rates won't generate any change or strengthen the dollar if the Central Bank continues to make the same mistake by printing unnecessary money every year. With the ATH price, BTC achieves during the halving season you should have understood the dollar will be strengthened if they stop printing more money. However, I hope you don't believe their meeting will implement a change due to the current downtrend of the BTC market which happens because of the market correction. |
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Joshapat
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June 10, 2022, 06:09:25 AM |
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I experienced twice the trend, that is in 2014 and 2018, if in 2022 it repeats again then I think it will be difficult Bitcoin and cryptocurrencies can rise again, I hope Bitcoin is not dropped significantly like the previous 4 years, now the market has dropped more than 50%, and I hope Can go up again to $ 40K or $ 50k, making us optimistic that the future of cryptocurrencies is still brilliant.
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Oshosondy
Legendary
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Activity: 1442
Merit: 1126
Gamble responsibly
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June 10, 2022, 08:14:51 AM |
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What do you think about the Federal Reserve System meeting?
Is there any chance that bitcoin will fall as the dollar strengthens if they decide to raise interest rates?
You do not have to worry about all FUD, if you see any price fall, we are just in bear time that we are now that is causing it. No matter what will happen, the bull time will come and the price of cryptocurrencies will start to increase again. A massive time of bull market that will skyrocket bitcoin to $100000 is also coming and should not e more than 2 years from now. Do not be moved by the news. |
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traderethereum
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June 10, 2022, 08:55:01 AM |
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I experienced twice the trend, that is in 2014 and 2018, if in 2022 it repeats again then I think it will be difficult Bitcoin and cryptocurrencies can rise again, I hope Bitcoin is not dropped significantly like the previous 4 years, now the market has dropped more than 50%, and I hope Can go up again to $ 40K or $ 50k, making us optimistic that the future of cryptocurrencies is still brilliant.
I believe the future of cryptocurrencies is still bright and if the current price drops by more than 50%, it will rise again. There is a possibility that in 2022 the price could increase again but we still have to be patient because we don't know if it will happen this year or next year. And if we can prepare ourselves for his arrival, we will surely get another big profit like last year. We must remain optimistic that cryptocurrencies can still rise even higher. |
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BuNga_cute
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June 10, 2022, 09:13:26 AM |
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I experienced twice the trend, that is in 2014 and 2018, if in 2022 it repeats again then I think it will be difficult Bitcoin and cryptocurrencies can rise again, I hope Bitcoin is not dropped significantly like the previous 4 years, now the market has dropped more than 50%, and I hope Can go up again to $ 40K or $ 50k, making us optimistic that the future of cryptocurrencies is still brilliant.
I believe the future of cryptocurrencies is still bright and if the current price drops by more than 50%, it will rise again. There is a possibility that in 2022 the price could increase again but we still have to be patient because we don't know if it will happen this year or next year. And if we can prepare ourselves for his arrival, we will surely get another big profit like last year. We must remain optimistic that cryptocurrencies can still rise even higher. The price decline that occurred in 2022 is not the first time that crypto has occurred, the crypto market has crashed several times before. Even what happened in 2018 in my opinion is worse than what happened this year. Therefore I am very optimistic that the crypto market will recover soon and the price of Bitcoin can return to above $60k again, as happened in 2021. The problem is that no one knows when the crypto market will recover, because crypto movements are very volatile and very difficult to predict. But as long as we can be patient holding the Bitcoins we have today and not selling them at low prices, I believe we can make big profit from Bitcoin. Because after all Bitcoin is very good for long-term investment, even if we have extra money we should buy more Bitcoin in bear market conditions like now. |
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Wilhelm
Legendary
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Activity: 1652
Merit: 1265
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June 10, 2022, 09:17:49 AM |
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It should be clear where it's going to anyone who has been here for 4+ years... Fear Everything is on the bottom Sideways for ages FUD I've packed my bags and am just sitting back for liftoff  |
Bitcoin is like a box of chocolates. You never know what you're gonna get !!
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traderethereum
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June 11, 2022, 12:45:56 AM |
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The price decline that occurred in 2022 is not the first time that crypto has occurred, the crypto market has crashed several times before.
Even what happened in 2018 in my opinion is worse than what happened this year. Therefore I am very optimistic that the crypto market
will recover soon and the price of Bitcoin can return to above $60k again, as happened in 2021. The problem is that no one knows when
the crypto market will recover, because crypto movements are very volatile and very difficult to predict. But as long as we can be patient
holding the Bitcoins we have today and not selling them at low prices, I believe we can make big profit from Bitcoin. Because after all Bitcoin is
very good for long-term investment, even if we have extra money we should buy more Bitcoin in bear market conditions like now.
For those following bitcoin's journey from 2013-to 2015, we must understand the ups and downs that occur in crypto and don't panic when the market crashes. But those new to crypto will be surprised to see the price crash as it is now, from $69k down to $29k-$30k, which means it's halved. I am also optimistic that the crypto market will recover soon. For now, we are still allowed to buy bitcoin at the current price because we may find it difficult to buy bitcoin in the future. After all, the price will be very expensive. The movement of bitcoin is still stable at the current price and for ups and downs, it is not too deep or high so I think we are also given the opportunity to buy cheap and sell high. |
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BuNga_cute
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June 13, 2022, 09:43:47 PM |
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The price decline that occurred in 2022 is not the first time that crypto has occurred, the crypto market has crashed several times before.
Even what happened in 2018 in my opinion is worse than what happened this year. Therefore I am very optimistic that the crypto market
will recover soon and the price of Bitcoin can return to above $60k again, as happened in 2021. The problem is that no one knows when
the crypto market will recover, because crypto movements are very volatile and very difficult to predict. But as long as we can be patient
holding the Bitcoins we have today and not selling them at low prices, I believe we can make big profit from Bitcoin. Because after all Bitcoin is
very good for long-term investment, even if we have extra money we should buy more Bitcoin in bear market conditions like now.
For those following bitcoin's journey from 2013-to 2015, we must understand the ups and downs that occur in crypto and don't panic when the market crashes. But those new to crypto will be surprised to see the price crash as it is now, from $69k down to $29k-$30k, which means it's halved. I am also optimistic that the crypto market will recover soon. For now, we are still allowed to buy bitcoin at the current price because we may find it difficult to buy bitcoin in the future. After all, the price will be very expensive. The movement of bitcoin is still stable at the current price and for ups and downs, it is not too deep or high so I think we are also given the opportunity to buy cheap and sell high. Now our patience is being tested with the decreasing price of Bitcoin, even though Bitcoin is currently at $23k, I'm still not worried. Because like I said before Bitcoin crashes have happened many times, so now I'm getting used to the movement of Bitcoin continues to decline. I still strongly believe the future of Bitcoin will be bright and for sure Bitcoin will recover, but with the current downturn, maybe we will hold Bitcoin much longer. I even plan to buy Bitcoin again in the near future, because indeed every Bitcoin price drops lower, we try to buy Bitcoin. So when the Bitcoin price recovers, we can enjoy a very large profit. So my advice is that we have to be calm with the decline in the price of Bitcoin, and just focus on collecting as much Bitcoin as possible. |
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Sir Legend
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June 14, 2022, 10:39:27 AM |
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Big surprise happened, only 2 days bitcoin price dropped more than 25%, and became the lowest price record since 2020, many say this is a 4 year trend but for those of us who have a vision for long term hold then now is the best time to start profit large, of course risky because the market still has the opportunity to continue to bearish.
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