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Author Topic: what If Bitcoin Price never comes up  (Read 662 times)
franky1
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January 08, 2023, 06:24:12 PM
Last edit: January 08, 2023, 06:34:29 PM by franky1
 #21

please explain me why bitcoin will make another all time high
or explain some circumstances in that bitcoin's price  will go more low and never or after long times later comes up

It will go up in price because it has to.  With the block reward being halved every four years, it puts the market in a position of continued declines in supply (new coins being mined) while demand continues increasing due to adoption.  There's really only two things that can happen.  The price rises, or the market dies.  This does bring risks that someday the price of BTC will crash in a death spiral with mining hashrate, but I don't think we're there yet.  With Wall Street climbing on board, I suspect we'll have at least one more massive top before things start to fall apart.

not so much

there are 19mil coins in circulation.. and only 900 a day are produced

looking at the volume of exchanges and reserves exchanging.. the "supply" is not key to market sentiment..
.. instead its COST of acquisition

with the most economical way to obtain new bitcoin on the entire planet being $15k no one on the planet can acquire coins below $15k right now. and thats what creates the non-zero bottom support value

if buyers only want to invest $875 instead of $1.65k
its not that a seller has to sell 0.1btc for half price.. instead sellers only offer 0.05btc for $875

markets do not require full circulation supply on the market order line. markets dont require orders of whole bitcoin. meaning if buyers only want to pay less. sellers can also give less.

sellers of the most efficient mining will flatly refuse to sell at a loss so if prices got to their low.. sellers just fizzle out

as for the death spiral of hashrate
bitcoin has to have a massive utility/function/bug/code break to really scare the mining community

now lets imagine the hashrate is differing levels of users

260

130-----------------------------

   0
imagine miners below the line are the industrial miners with long term efficient hardware bought at wholesale and on electric purchase contracts at fixed rates for 6-24 months. where they will mine no matter what. because they have contract and hardware that needs to continue running. and turning it off intermittently saves them nothing

imagine above the line is the speculative hobbiests that pays electric by the month and decide certain days are too competitive thus less reward. some months the market price is too cheap thus mining is costing them more than just buying. and so those above the line jump in and out at a whim

jumping out of the above line group gives more reward to the underline group meaning their cost per coin under the line gets better to be more sustainable passed the 2 year average(thus as long as there is no big break/bug in bitcoin code. they will keep mining no matter what)

the efficiencies of mining has changed from a 4cent/kw 2020 to a 6 cent/kw 2022 due to world economics. which has seen part of the bottomline value moving from $5k-$10k.. to in 2022 $15k

everyone elses costs above that are random above this.. but generally speaking even in hobby miner in hawaii(highest electric) could have mined for under $75k in 2021 and under $95k in 2022-first week of '23

however most of the potential miners above the line. (estimated at 350ex of "waiting asics" are not mining and instead people are buying coin. where only a few of the hobby miners are mining above the line (average of total hash 230-260 average

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January 08, 2023, 06:34:11 PM
 #22

From the OP title. I am presenting my theory on what if Bitcoin price never comes up and the theory ia that OP is from Mars and Ellon Musk brought him from there to Predict the Bitcoin cycle of 2023 to 2027 haha. Dear many auch title topics started and ended i think Bitcoin dont wven know the existence of such queries and proce ia continuing its journey.

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January 08, 2023, 06:58:22 PM
 #23

please explain me why bitcoin will make another all time high
or explain some circumstances in that bitcoin's price  will go more low and never or after long times later comes up
I will follow your post title to say something. If Bitcoin price never goes up then we'll continue having discussion and anticipating just as we are doing now. The price is stagnant now and we have nothing to do except to be optimistic and keep discussing. However, the Bitcoin price started somewhere and it will move somewhere not immediately but definitely.
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January 08, 2023, 07:11:36 PM
 #24

please explain me why bitcoin will make another all time high

In a market where supply and demand command the price movement and hype and FUD dictates the market sentiment, every four years Bitcoin tends to reduce it supplies through block halving, and by that hype around the market build-up.  When two positive things collide and mixed up, there is a synergized reaction where the effect on the market is multiplied.  The reason why the halving and hype combine produces a market surge that triggers panic buying.  This is the main reason why Bitcoin produces another all-time high when Bitcoin halving happened, it is not instant but a series of event that triggers one thing to another.

or explain some circumstances in that bitcoin's price  will go more low and never or after long times later comes up

Every surge comes with correction, and FUD same thing as how the market surge builds up, this time is the opposite reaction.  As correction and FUD appear, the effect on the market sentiment heightens and the negative impact made the people panic sell which leads to a price crash.  The effect of the negative sentiment will dissipate as time goes on and as new companies adopt Bitcoin which makes the market goes sideways until a new hype started to build up.

The two actions and reactions in the marketplace what makes the Bitcoin cycle.  Bitcoin halving is the most important turning point of this cycle.

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January 08, 2023, 07:24:11 PM
 #25

please explain me why bitcoin will make another all time high
or explain some circumstances in that bitcoin's price  will go more low and never or after long times later comes up

Because Markets work with the users' demand, it's simple as that, if there is a high demand for bitcoins, then the price goes up and if there's a low demand the price goes down.

A good example of this would be if Elon Musk post a tweet about how he is going to invest $100M in Bitcoin, That would generate a huge demand in the market because is not only the $100M Buy, is the fact that other people buying too that could send the price to a new ATH.

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franky1
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January 08, 2023, 07:38:03 PM
 #26

please explain me why bitcoin will make another all time high
or explain some circumstances in that bitcoin's price  will go more low and never or after long times later comes up

Because Markets work with the users' demand, it's simple as that, if there is a high demand for bitcoins, then the price goes up and if there's a low demand the price goes down.

dont be so sure about your high school economics class based on fiat traditions

fiat requires full shares to be sold (no decimals)

bitcoin can actually go up in price with less demand

yep imagine there were 3 people wanting bitcoin in 2023

buyer 3 $16.954 for 1btc
buyer 2 $16.952 for 1btc
buyer 1 $16.950 for 1btc

however
we can have
buyer 2 $8.5 for 0.0005btc (=$17k/btc)
buyer 1 $16,950 for 1btc 

if buyer 2 order gets hit. the price moves more with less "demand" in scenario 2

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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January 08, 2023, 07:52:03 PM
 #27


please explain me why bitcoin will make another all time high
or explain some circumstances in that bitcoin's price  will go more low and never or after long times later comes up



It is all about scarcity, real-world use and freedom. Bitcoin is not an asset that is scarce and has real-world use, it is also a tool that allows you to be in control of your own finance. In fact, it is the only asset that allows you to be in total control, and that is its true value.  Now, as with every asset, it will face lows and highs, and if you look at Bitcoin's price action since its first appearance, you can pretty much check it is on an ascending pattern on the long run and if you relate it with its fundamental's such the "halvening" you can understand the reason that Bitcoin still has a real potential of seeing new highs.
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January 08, 2023, 10:37:51 PM
 #28

please explain me why bitcoin will make another all time high
or explain some circumstances in that bitcoin's price  will go more low and never or after long times later comes up
No one really knows if we do talk about the future on which you cant really be able to tell or no man on this world would able to do so because this would really be that subjective.
It would really be depending on the demand and would really be depending on the recognition of the community or the market where its value is really that determined or really basing into that.
Bitcoins price never comes up or increase?It cant be possible considering that we are really having that long bearish market but doesnt mean that it wont be have a chance on going
up after a year or more or no one really knows.This market is unpredictable and there's no way you could be able to determine that.

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January 08, 2023, 10:49:21 PM
 #29

With time the price have increased in connection to the varying supply and demand. Being speculative the market used to react to the incidents happening around. At times influencers make some movements on the market. This way the market will always moves in some direction. Till date the market have bounced amidst the opposition and support.

Over the years, the market have widened. From the illegal status to the adoption as a legal tender too can be mentioned as a reason that the price will increase and make new ATH.

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January 10, 2023, 08:29:37 PM
 #30


please explain me why bitcoin will make another all time high or explain some circumstances in that bitcoin's price  will go more low and never or after long times later comes up
Well, the simplest explanation to offer you will be to ask you to check historical data. There you will see how price performs its dance. I've experienced two bear seasons and from there drawn my conclusion that Bitcoin is a phoenix, a paradoxical cat with nine lives. It won't die. No matter how crushed price seems today, just keep buying. It will revive sooner than anyone expects. I expect Bitcoin to record another ATH of $100k+ this next bull season that will come up in 2024.

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January 10, 2023, 10:44:46 PM
 #31

I am just feeling bitcoin will never come to 50k at max

Or better yet, maybe tell us why you're actually "feeling" that bitcoin wouldn't go above 50k again? So we can actually start the discussion somewhere. Because if you don't have a half-decent reason, then this is pretty much just the typical novice mindset.

Most likely, OP based this ultimately on his feelings without any factual basis to substantiate this claim.

The reason on why most invest in BTC is due to its high volatility. Investing either for short/long-term has been proven to at least be profitable depending if you were able to convert your BTCs into cash in time. By basing it also purely on its price history index, you would see that the price of BTC had increased tenfold. Along with the 2024 halving coming, it is best to invest at this time to maximize all of your profits.

OP remember that the sky is the limit once you invest in BTC. You may feel that it will never come to 50k max and that was also the mindset of some people when they claimed that BTC will not reach $1,000; $2,000; or even $5,000 6-10 years ago.

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January 11, 2023, 01:15:45 AM
 #32

Op, you sound like BTC price fell for no reason. They were many things that affected bitcoin price like the Terra and FTX crash that affected bitcoin price to hit below 30k and 20k respectively. And it was noted that Elon musk boosted bitcoin price to 60k in 2021 later he took his profits and money back. These are some activities that affected bitcoin price to drop drastically. So, I'd say that since there are known facts to the fall in price of bitcoin, soon it'll correct with other known facts to the bullish run. Remember, Few investors can facilitate the market price into bull run. There have never been a bear market without a bull market and vice versa. Few days back the price had a bit of increase and it could pick up from there. Therefore, this is the best time to buy, and I'd say you shouldn't worry about the market going bullish. It'll definitely will.

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January 11, 2023, 01:19:16 AM
 #33

There's all sorts of different things that could make the price of bitcoin rise back up to an all time high, but it's certainly not something I think will happen anytime soon.  I think this FTX deal has been a pretty crappy drag on things, but once that blows over, and some other finance companies take on bitcoin buying/selling etc, things will start to recover.

All sorts of things could make it go lower.  If the financial markets tank again, even worse, it could certainly take bitcoin down with it.

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January 11, 2023, 03:42:56 AM
 #34




please explain me why bitcoin will make another all time high
or explain some circumstances in that bitcoin's price  will go more low and never or after long times later comes up





There is no exact answer or concrete proof to what you are asking, bitcoin may never rise again, and new ATH can also be created, anything can happen. If someone can prove or have proof that bitcoin will go up in price and create ATH, then I think we will scramble, and there are not enough bitcoins left for us to buy, and that is no longer an opportunity. Opportunity is when things are unclear and only for those who have faith in it. Do you see an opportunity when investing in gold? There is no opportunity when everything is so clear, but with bitcoin there is.


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January 11, 2023, 04:38:27 AM
 #35

Speak in the simplest way possible, all of us here invest in bitcoin, so of course, we all want Bitcoin to go up to be profitable no one wants our investment to lose, and that's why people always say bitcoin will hit ATH.

Also, looking at bitcoin's history, it has consistently hit ATH for the past 14 years after each halving, and that's a good reason to believe history will repeat itself. A worthy reward is only for those who do not see and believe, those who are lazy, do not have faith, do not deserve that reward.

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January 11, 2023, 05:01:29 AM
 #36

please explain me why bitcoin will make another all time high
Because Bitcoin supply is fixed and if there's a high demand to obtain Bitcoin, it will force people who're willing to pay more and more. Similar like when you post order buy on the exchange, you're want to buy Bitcoin at $15,000 but the other people willing to buy it for $16,000. Which one does the seller will sell his coin? of course he will sell for the guy that offer $16,000.

Quote
or explain some circumstances in that bitcoin's price  will go more low and never or after long times later comes up
Bitcoin price go lower because there's FUD spreading, it's either Bitcoin is scam, not secure or all governments will ban Bitcoin, also global economy problem is possible.
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January 11, 2023, 06:07:23 AM
 #37




please explain me why bitcoin will make another all time high
or explain some circumstances in that bitcoin's price  will go more low and never or after long times later comes up




The value of any asset is determined by the belief system of people, our demand for the asset, and the supply of the asset. Like gold has a high value due to its high demand and extremely limited supply, likewise, the bitcoin supply is said to be less than gold and with what is going on, the demand for bitcoin is increasing day by day. Based on that, we are right to think that bitcoin reaching ATH is possible.

From my own point of view, bitcoin is a manipulative market, so if it can't recover there won't be any participants and the big players can't make a profit, so I think they will find a way to maintain it.

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January 11, 2023, 06:13:28 AM
 #38




please explain me why bitcoin will make another all time high
or explain some circumstances in that bitcoin's price  will go more low and never or after long times later comes up





Simple, the Dollar and other fiat is toilet paper, and many people are greedy sheep, so as soon as a strong break upwards happens, like it always does, the heard and "HODLers" will go nuts and eventually drive the price to new highs. Also note: Bear markets can take a very long time, but this next rally will be awesome!
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January 11, 2023, 09:44:47 AM
 #39

please explain me why bitcoin will make another all time high
or explain some circumstances in that bitcoin's price  will go more low and never or after long times later comes up

It will go up in price because it has to.  With the block reward being halved every four years, it puts the market in a position of continued declines in supply (new coins being mined) while demand continues increasing due to adoption.  There's really only two things that can happen.  The price rises, or the market dies.  This does bring risks that someday the price of BTC will crash in a death spiral with mining hashrate, but I don't think we're there yet.  With Wall Street climbing on board, I suspect we'll have at least one more massive top before things start to fall apart.

Wonderful to know that you foresee and believe that things will fall apart with bitcoin in the nearest future which could be after the next halving. I have seen people who are projecting that bitcoin will be here in the next 30 to 50 years.
I don't know how they arrived at their believe and looking at your comment you arrived at your believe due to demand and supply. I don't know what to say but I know bitcoin is full of surprises.

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January 11, 2023, 11:21:36 AM
 #40

For now bitcoin could be feeling the bearish pressure because of a few events that happened like exchanges being hacked etc, but the secret arsenal it has to guarantee prices go up is its limited supply and all it takes is more increased pressure to come from demand to force prices to go up to fulfill these needs... For now it's a waiting game, stay put.

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