How fast will Bitcoin fall down?

[South Park]

@OP, bitcoin is at the right path and every project that will make a new blockchain of their own and new token for which they think is better than bitcoin is going nowhere.

There have been gazillions of that type of projects in the past years of bitcoin's existence and most of them didn't survived at all. That's why many will tell you if it's bitcoin, it's like the assurance in this market but when it's about any other altcoin, you'll be not sure with most of them.

What many newbies do not understand is that they think of bitcoin as any other product and believe that if a new coin is developed then that is going to be enough to replace bitcoin, but we know this is not true, the growth of bitcoin is similar to what we see with social networks, a social network without people using it is completely useless, while a social network used by billions of people is worth a fortune, so this is why most altcoins are worth nothing while bitcoin is still incredibly valuable even during a bear market.

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[TimeTeller]

@OP, bitcoin is at the right path and every project that will make a new blockchain of their own and new token for which they think is better than bitcoin is going nowhere.

There have been gazillions of that type of projects in the past years of bitcoin's existence and most of them didn't survived at all. That's why many will tell you if it's bitcoin, it's like the assurance in this market but when it's about any other altcoin, you'll be not sure with most of them.

What many newbies do not understand is that they think of bitcoin as any other product and believe that if a new coin is developed then that is going to be enough to replace bitcoin, but we know this is not true, the growth of bitcoin is similar to what we see with social networks, a social network without people using it is completely useless, while a social network used by billions of people is worth a fortune, so this is why most altcoins are worth nothing while bitcoin is still incredibly valuable even during a bear market.

By now, I guess the OP is already understanding some facts when it comes to crypto market.
Despite thousands of alts created throughout the years, bitcoin remains to be at the top position.
Also, we have seen a lot of alts marketed as a new replacement of btc, with faster and much better technology,
and yet, nothing has surpass btc up until now. Most of them are actually abandoned and forgotten.
Just like your example, a social network without people patronizing it will just be a worthless one.
However, a social network used by many will generate a fortune.
So thinking of btc falling down owed to these new alts, is less likely to happen.

[jossiel]

@OP, bitcoin is at the right path and every project that will make a new blockchain of their own and new token for which they think is better than bitcoin is going nowhere.

There have been gazillions of that type of projects in the past years of bitcoin's existence and most of them didn't survived at all. That's why many will tell you if it's bitcoin, it's like the assurance in this market but when it's about any other altcoin, you'll be not sure with most of them.

What many newbies do not understand is that they think of bitcoin as any other product and believe that if a new coin is developed then that is going to be enough to replace bitcoin, but we know this is not true, the growth of bitcoin is similar to what we see with social networks, a social network without people using it is completely useless, while a social network used by billions of people is worth a fortune, so this is why most altcoins are worth nothing while bitcoin is still incredibly valuable even during a bear market.

That era is about to be done.

We've seen too many projects thought that they're better than bitcoin and they're higher than it. But the reality speaks for itself that they've got no place in the market because the community knows what's better for each of us.

Bitcoin being the top of the crypto market is what makes it as the best investment and that's why no matter what people ask to themselves about its fall, that's highly unlikely to happen.

[Jating]

@OP, bitcoin is at the right path and every project that will make a new blockchain of their own and new token for which they think is better than bitcoin is going nowhere.

There have been gazillions of that type of projects in the past years of bitcoin's existence and most of them didn't survived at all. That's why many will tell you if it's bitcoin, it's like the assurance in this market but when it's about any other altcoin, you'll be not sure with most of them.

What many newbies do not understand is that they think of bitcoin as any other product and believe that if a new coin is developed then that is going to be enough to replace bitcoin, but we know this is not true, the growth of bitcoin is similar to what we see with social networks, a social network without people using it is completely useless, while a social network used by billions of people is worth a fortune, so this is why most altcoins are worth nothing while bitcoin is still incredibly valuable even during a bear market.

That era is about to be done.

We've seen too many projects thought that they're better than bitcoin and they're higher than it. But the reality speaks for itself that they've got no place in the market because the community knows what's better for each of us.

Bitcoin being the top of the crypto market is what makes it as the best investment and that's why no matter what people ask to themselves about its fall, that's highly unlikely to happen.

It's the first and so Bitcoin will have the support no matter what the condition of the market and how many projects are supposedly better that Bitcoin.

And we have a saying that it's too good to fall, and we have a lot of bitcoin maximalist as well who will continue to buy specially if the price is cheap because they know that it will bring for them in the future.

So with that, we should learn from this early and smart investors, that even if the price goes down very fast, let's see $10k, it will still not fall, and on the contrary, a good buying opportunity again.

[jossiel]

It's the first and so Bitcoin will have the support no matter what the condition of the market and how many projects are supposedly better that Bitcoin.

And we have a saying that it's too good to fall, and we have a lot of bitcoin maximalist as well who will continue to buy specially if the price is cheap because they know that it will bring for them in the future.

So with that, we should learn from this early and smart investors, that even if the price goes down very fast, let's see $10k, it will still not fall, and on the contrary, a good buying opportunity again.

Yeah, we should learn from them and how they do it. It's just two things, they're buying when the prices aren't that high and at the same time they're patiently holding.

So, someone who has to learn from them needs to remember those very few things on how they're making a lot. It's not that much to remember but it's very effective to look at.

On this moment, no matter what the price of bitcoin, there'll always be the buyers ready to buy those cheap bitcoins.

[dunfida]

It's the first and so Bitcoin will have the support no matter what the condition of the market and how many projects are supposedly better that Bitcoin.

And we have a saying that it's too good to fall, and we have a lot of bitcoin maximalist as well who will continue to buy specially if the price is cheap because they know that it will bring for them in the future.

So with that, we should learn from this early and smart investors, that even if the price goes down very fast, let's see $10k, it will still not fall, and on the contrary, a good buying opportunity again.

Yeah, we should learn from them and how they do it. It's just two things, they're buying when the prices aren't that high and at the same time they're patiently holding.

So, someone who has to learn from them needs to remember those very few things on how they're making a lot. It's not that much to remember but it's very effective to look at.

On this moment, no matter what the price of bitcoin, there'll always be the buyers ready to buy those cheap bitcoins.

There's always those someone who do likes to catch up with those cheap coins and its true that as long the support and consideration is there which Bitcoin could always be having that chance of recovery.

It could fall down lots of time and believing that it might be good as dead but eventually as long the demand is there despite of the fear and hesitation which there are investors who do really still believe into its potential.

When you do step your foot into this market then you should really make yourself prepared when it comes to these unpredictable movement on where it could go down
or would go up depending or basing up on various market sentiments.

[goinmerry]

Hi. I'm a newbie and I'm just learning about this topic. There are many questions that I would like to understand, maybe this one has already been discussed, but I didn't find the thread, sorry. How reliable is Bitcoin, what will it be if someone will generate a new blockchain or another digital currency, will it make bitcoin fall down, and how fast?

That question can't be answered with an accurate response.

But you don't need to confuse yourself about how reliable bitcoin is. Rather than explain every inch of detail on why you should not worry about the possible fall of bitcoin, I advise you to just continue being involved in crypto for you to understand slowly that you have lots of reasons to believe that Bitcoin can't be replaced that easily by these new coins.

Please enjoy your stay and be serious about learning things about bitcoin in general.

[jossiel]

Yeah, we should learn from them and how they do it. It's just two things, they're buying when the prices aren't that high and at the same time they're patiently holding.

So, someone who has to learn from them needs to remember those very few things on how they're making a lot. It's not that much to remember but it's very effective to look at.

On this moment, no matter what the price of bitcoin, there'll always be the buyers ready to buy those cheap bitcoins.

There's always those someone who do likes to catch up with those cheap coins and its true that as long the support and consideration is there which Bitcoin could always be having that chance of recovery.

It could fall down lots of time and believing that it might be good as dead but eventually as long the demand is there despite of the fear and hesitation which there are investors who do really still believe into its potential.

When you do step your foot into this market then you should really make yourself prepared when it comes to these unpredictable movement on where it could go down
or would go up depending or basing up on various market sentiments.

There are many of them.

They wait for the bottom and they start buying when the cheap bitcoins are in the market. Those that are panicking, they sell at a lower price and don't mind looking at those cheap bitcoins go in the market for the whales and traders waiting for it to be bought.

This is the market where there will be winners and losers, if you lack of experience and other composition to take advantage of the situation, you'll belong to the losers before you become a winner.

[Nrcewker]

Hi. I'm a newbie and I'm just learning about this topic. There are many questions that I would like to understand, maybe this one has already been discussed, but I didn't find the thread, sorry. How reliable is Bitcoin, what will it be if someone will generate a new blockchain or another digital currency, will it make bitcoin fall down, and how fast?

No one exactly knows the rate at which the price of Bitcoins will fall down. No one also can say that when will the price goes down. What we can do is just estimate and guess. So the price comes or goes down depends only on the demand of the coin. Due to the fixed amount of supply of Bitcoins, when the demand of the coin goes up, the price also goes up, when demand goes down, the price also goes down. Nevertheless we need to see when there are more sell orders then buy orders in any exchange, and that can be marked as the fall of the price of the Bitcoins.

[Joshapat]

I don't check the price too often even sometimes only a week for many reasons, namely work that can't carry mobile phones and has time when I go home not long, I'm surprised because I see the current price in the range of $ 16k, and it turns out when I was looking for the main cause of the main cause Is the FTX case, I know FTX is the top ranking exchanges so that it makes a big influence on the market.

[fzkto]

Hi. I'm a newbie and I'm just learning about this topic. There are many questions that I would like to understand, maybe this one has already been discussed, but I didn't find the thread, sorry. How reliable is Bitcoin, what will it be if someone will generate a new blockchain or another digital currency, will it make bitcoin fall down, and how fast?

No one exactly knows the rate at which the price of Bitcoins will fall down. No one also can say that when will the price goes down. What we can do is just estimate and guess. So the price comes or goes down depends only on the demand of the coin. Due to the fixed amount of supply of Bitcoins, when the demand of the coin goes up, the price also goes up, when demand goes down, the price also goes down. Nevertheless we need to see when there are more sell orders then buy orders in any exchange, and that can be marked as the fall of the price of the Bitcoins.

No one wants to look at specific examples from the past where you can see that bitcoin can fall quite quickly. For example 2018 or an even better example is 2020 when bitcoin dropped more than 50% in just one day. Exactly the same stories happened this year, but the fall was smoother. This shows that an inexperienced person (as well as an experienced one) can easily lose money in this market.

[darewaller]

The speed is not really the important case most of the time, how far is the point. How far will it go down and how far will it go up is the key factor, because if you know the point it will stop then you will make a lot more profit. That doesn't change the fact that it will change too much, it will definitely cause a lot of trouble for people if they just calculate the pace but fail to calculate the point it will stop.

Like let's say you knew that it would go from 16k levels to 30k levels in a month, and after a month it really did reach 30k, you were right and that's great, so you sell, but then after another month it went to 40k, so you failed to know how far, and you just lost a chance to make more profit.

Not many people know about this fact, and it is important to point that out. Too many people got out too quickly when it was going up on the bull run, and too many people bought during this crash period because they thought it dropped enough. It is obvious that we are not going to see any profit if we do not know when it will stop going into a direction.

Hopefully people will eventually realize this in the future, and they would rather focus on the price and how far it will go, instead of the pace. I agree with you 100% and feel like this is something that needs to be talked about a lot more on days like this when crypto moves fast.

[Party24*7]

I don't check the price too often even sometimes only a week for many reasons, namely work that can't carry mobile phones and has time when I go home not long, I'm surprised because I see the current price in the range of $ 16k, and it turns out when I was looking for the main cause of the main cause Is the FTX case, I know FTX is the top ranking exchanges so that it makes a big influence on the market.

And do you feel happy or sad when bitcoin is at $16k? If you are a genuine and long-term investor then this is clearly a great opportunity to buy bitcoin. I have also been waiting for this drop for a long time and I bought some bitcoins for under $16k. And I continue to believe bitcoin will have a new low next year, I'm still waiting to buy more bitcoins.

[Bitcoin1216]

After we go through a difficult time because the FTX case is now starting to rise and make us have to be optimistic that Bitcoin can rise again, slowly the panic in the market decreases because the binance plan that will disburse $ 2 billion to help FTX and Market so that it can rise again. This is proven effective in making market rising again.

[Reatim]

After we go through a difficult time because the FTX case is now starting to rise and make us have to be optimistic that Bitcoin can rise again, slowly the panic in the market decreases because the binance plan that will disburse $ 2 billion to help FTX and Market so that it can rise again. This is proven effective in making market rising again.

it is very wrong to doubt that bitcoin will rise again , maybe not today or tomorrow but one thing is sure here that bitcoin will increase its value in the coming days or years .
I hate seeing people that does not trust the capacity of bitcoin to bring more and more growth as we have seen this for many years and can check from the chart.

[SirLancelot]

It's the first and so Bitcoin will have the support no matter what the condition of the market and how many projects are supposedly better that Bitcoin.

And we have a saying that it's too good to fall, and we have a lot of bitcoin maximalist as well who will continue to buy specially if the price is cheap because they know that it will bring for them in the future.

So with that, we should learn from this early and smart investors, that even if the price goes down very fast, let's see $10k, it will still not fall, and on the contrary, a good buying opportunity again.

Bitcoin is also a lot better because it is truly decentralized, and I mean like really, the way it is decentralized is unlike any other and there isn't even a single coin or token out there that equals it's level. ETH is technically decentralized and that's great, I love it, but when Vitalik says something, people will do it, so it's not truly decentralized, or doge with Elon, or bnb with cz, or ltc with Charlie and many more other examples like that.

Sometimes it's not a person but a team, but at the end of the day nothing is as equally decentralized as bitcoin. This means that people invest into bitcoin with ease, because they know nobody can drop it themselves.

[19Nov16]

After we go through a difficult time because the FTX case is now starting to rise and make us have to be optimistic that Bitcoin can rise again, slowly the panic in the market decreases because the binance plan that will disburse $ 2 billion to help FTX and Market so that it can rise again. This is proven effective in making market rising again.

it is very wrong to doubt that bitcoin will rise again , maybe not today or tomorrow but one thing is sure here that bitcoin will increase its value in the coming days or years .
I hate seeing people that does not trust the capacity of bitcoin to bring more and more growth as we have seen this for many years and can check from the chart.

There is no doubt that Bitcoin can rise again, whatever the current price conditions do not ever make us panic, don't regret it because we have bought at a high price if we compare the current price, if we are patient and wait at least 2 years then I'm sure I can be big profits and Now is a good time to keep buying.

[bestcoins1]

After we go through a difficult time because the FTX case is now starting to rise and make us have to be optimistic that Bitcoin can rise again, slowly the panic in the market decreases because the binance plan that will disburse $ 2 billion to help FTX and Market so that it can rise again. This is proven effective in making market rising again.

I still haven't seen a significant increase in Bitcoin in the current market. And if what you say is true, then there should be a very significant incremental increase in Bitcoin from now on, but I don't see that happening with Bitcoin because the price of Bitcoin itself is still under $20K and that's not a very good price for Bitcoin though it is a very good price for those looking to buy a large amount from now on.

it is very wrong to doubt that bitcoin will rise again , maybe not today or tomorrow but one thing is sure here that bitcoin will increase its value in the coming days or years .
I hate seeing people that does not trust the capacity of bitcoin to bring more and more growth as we have seen this for many years and can check from the chart.

There is no need to hate those who don't believe in Bitcoin now, because we also don't determine their losses and gains and those who hate or doubt Bitcoin will eventually realize that what they hate is the best asset in the crypto space so they themselves will also consider it chose Bitcoin with no doubt about its future improvement potential.

There is no doubt that Bitcoin can rise again, whatever the current price conditions do not ever make us panic, don't regret it because we have bought at a high price if we compare the current price, if we are patient and wait at least 2 years then I'm sure I can be big profits and Now is a good time to keep buying.

Buying again at this point is another option besides holding on by not selling at a low price. Panic is not a good thing, but what must be awaited at this point apart from increasing the price of Bitcoin is the entry of investors and traders into the market in greater numbers so that the volume of purchases can increase more than the volume of sales.

[South Park]

@OP, bitcoin is at the right path and every project that will make a new blockchain of their own and new token for which they think is better than bitcoin is going nowhere.

There have been gazillions of that type of projects in the past years of bitcoin's existence and most of them didn't survived at all. That's why many will tell you if it's bitcoin, it's like the assurance in this market but when it's about any other altcoin, you'll be not sure with most of them.

What many newbies do not understand is that they think of bitcoin as any other product and believe that if a new coin is developed then that is going to be enough to replace bitcoin, but we know this is not true, the growth of bitcoin is similar to what we see with social networks, a social network without people using it is completely useless, while a social network used by billions of people is worth a fortune, so this is why most altcoins are worth nothing while bitcoin is still incredibly valuable even during a bear market.

That era is about to be done.

We've seen too many projects thought that they're better than bitcoin and they're higher than it. But the reality speaks for itself that they've got no place in the market because the community knows what's better for each of us.

Bitcoin being the top of the crypto market is what makes it as the best investment and that's why no matter what people ask to themselves about its fall, that's highly unlikely to happen.

I really hope this is the case as it is sad to see newbies in the altcoin section claiming a coin they just discovered is going to surpass bitcoin and somehow become the leader of this market, only to see them months later complaining about how the developers of that coin scammed them in the end, and obviously the community knew beforehand this was going to happen but they simply refused to see the reality and decided to waste their money in a  project with no future at all.

[Pejoh Asu]

The price of bitcoin will always be fluctuating, although more and more adoption directly and many countries have legalized bitcoin, but the bad thing is the number of manipulations in Exchanges that will continue to overshadow the performance of Bitcoin and Market Cryptocurrencies, I'm sure after FTX will appear the same case so as to panic investor For transactions in Exchanges.