Value.Virtue (OP)
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July 28, 2024, 09:44:03 AM |
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The Future End of BTC Rising and Falling?
Bitcoin is known for now, as a crypto currency that can rise and fall at any time due to lots of constraints and attacks (news) but I strongly believe in my own opinion or thoughts that BTC falling after it's rising could stop in the future after multiple halving if the first and any other or all statements below holds. 1. If Bitcoin is globally accepted by the masses, governments, and other sectors to be allowed for all kinds of transactions. 2. If there exists no longer any oppositional speech or attack from the influential men, regulatory bodies of any kind or web3 products. 3. If there is no longer any Bitcoin halving.
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franky1
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July 28, 2024, 10:13:06 AM |
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because bitcoin functionality comes at a mining cost.. and is a international currency.. so there is naturally a wide spread of speculation of the market price possibility at any given time
take for instance if the low average electric price for a fair collective of miners starts at <$0.04 take for instance if the high average electric price for a fair collective of miners tops at >$0.50
means there is a wide speculation window at any point that the price can swing upto 12x+ from its periodic bottom
this is seen for example where if in the pacific islands(most expensive to mine) their costs per BTC to mine are several hundred thousand dollars. they wont mine but would be happy to market buy even if the market shifted up into several hundred thousand of dollars, as its still cheaper than mining bitcoin
and then in the mid/northern-Eurasia regions where electric costs are low. they would mine and want to sell even if the market price was low this creates a wide window of speculative possibility. where the window itself also increases as the hashrate/difficulty increases over periods
the temporary media drama just causes little waves in the market.. emphasis temporary events. try not to get emotional about the temporary events and instead plan for the main market cycles and statistics of the long term. then use the short lived media drama to benefit the most. for instance, any temporary dip should be seen as discount days
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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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Value.Virtue (OP)
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July 28, 2024, 11:00:37 AM |
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because bitcoin functionality comes at a mining cost.. and is a international currency.. so there is naturally a wide spread of speculation of the market price possibility at any given time
take for instance if the low average electric price for a fair collective of miners starts at <$0.04 take for instance if the high average electric price for a fair collective of miners tops at >$0.50
means there is a wide speculation window at any point that the price can swing upto 12x+ from its periodic bottom
this is seen for example where if in the pacific islands(most expensive to mine) their costs per BTC to mine are several hundred thousand dollars. they wont mine but would be happy to market buy even if the market shifted up into several hundred thousand of dollars, as its still cheaper than mining bitcoin
and then in the mid/northern-Eurasia regions where electric costs are low. they would mine and want to sell even if the market price was low this creates a wide window of speculative possibility. where the window itself also increases as the hashrate/difficulty increases over periods
the temporary media drama just causes little waves in the market.. emphasis temporary events. try not to get emotional about the temporary events and instead plan for the main market cycles and statistics of the long term. then use the short lived media drama to benefit the most. for instance, any temporary dip should be seen as discount days
Thanks a lot Sir, for your thoughts and great opinion but how would you see BTC state when halving and mining has ended.
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franky1
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July 28, 2024, 01:31:16 PM |
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mining will never end unless the whole consensus decide to swap to silly stupid things like PoS
there will always be a mining cost of PoW that worldwide would be a gap of a 12 factor as long as electric had a world wide gap of 12 factor all that changes is if its a window gap of 12x that is worth $10-$120 or $1m-$12m or somewhere in between
the position of that bottom top window is depending on participants and competition but the economics of the gap of the international window of speculation will always be wide if there is always a world wide electric difference that wide
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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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FatFork
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July 28, 2024, 02:14:06 PM |
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I wish we could all snap our fingers and create a perfect Bitcoin wonderland too. But that's not how the world works. Even if Bitcoin became more mainstream tomorrow, with perfect regulation and mass adoption new problems would pop up sooner or later. That rollercoaster ride of up and down prices is in Bitcoin's DNA I think. Maybe over decades it'll stabilize more if it survives and yet it will always be a bit volatile since speculation, reactions to news, and shifts in supply and demand impact any asset, especially a global decentralized currency sailing uncharted waters. We can hope for calmer seas but should expect some storms now and then.
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Dr.Bitcoin_Strange
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July 28, 2024, 03:09:52 PM |
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1. If Bitcoin is globally accepted by the masses, governments, and other sectors to be allowed for all kinds of transactions. 2. If there exists no longer any oppositional speech or attack from the influential men, regulatory bodies of any kind or web3 products. 3. If there is no longer any Bitcoin halving.
Even if Bitcoin is globally accepted by everyone, including the government, like you said, it cannot make the price of Bitcoin stable because Bitcoin is not like a stable fiat currency. There will always be hate speech and unrealistic action by some non-Bitcoiners, as long as they don't like Bitcoin. Believe me, not everyone must like Bitcoin. I don't also think that the government will allow Bitcoin to take over the fiat currency for every transaction. Trump once said that he hates Bitcoin because it's competing against the dollar. Lastly, according to some experts, it's going to take about a century and some years before the last halving will take place, but that's not going to stop Bitcoin from being a POW coin. So, I don't think Bitcoin can go from its rising and falling algorithm to becoming a stable coin.
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Huppercase
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The Future End of BTC Rising and Falling?
Bitcoin is known for now, as a crypto currency that can rise and fall at any time due to lots of constraints and attacks (news) but I strongly believe in my own opinion or thoughts that BTC falling after it's rising could stop in the future after multiple halving if the first and any other or all statements below holds. 1. If Bitcoin is globally accepted by the masses, governments, and other sectors to be allowed for all kinds of transactions. 2. If there exists no longer any oppositional speech or attack from the influential men, regulatory bodies of any kind or web3 products. 3. If there is no longer any Bitcoin halving.
This is not possible and your assumptions are wrong. Bitcoin is not the only asset that grows and fall but the only problem is that Bitcoin just like many other crypto has high volatility but it's that same volatility that attracts many people to buy Bitcoin. If it's investment and guaranteed, there are many other stocks that you can invest into and worry not much but the return Bitcoin has given to people over the years is more appreciable than other investments. What I think will happen in the future is that the Volatility will reduced drastically because when the circulating supply is held by some people and only few remain by the public, there wouldn't be much to play around with and good news will surround Bitcoin most often to reduce price manipulation of fall and rice that happen most often in Bitcoin.
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Emmanuelex
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July 28, 2024, 08:57:00 PM |
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I think I'm the only person that don't really want the whole to adopt Bitcoin. I want it to be something entirely special on its own. I feel that if the whole world adopts Bitcoin, the government will then have full interest in it, and would like to have majority of control and even change the system from what it's currently is, they will change it in a way that will be suitable for them, and i wouldn't like such. So far we have seen how they are penetrating the crypto community, and I just don't like it.
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Value.Virtue (OP)
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July 28, 2024, 09:32:51 PM |
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I wish we could all snap our fingers and create a perfect Bitcoin wonderland too. But that's not how the world works. Even if Bitcoin became more mainstream tomorrow, with perfect regulation and mass adoption new problems would pop up sooner or later. That rollercoaster ride of up and down prices is in Bitcoin's DNA I think. Maybe over decades it'll stabilize more if it survives and yet it will always be a bit volatile since speculation, reactions to news, and shifts in supply and demand impact any asset, especially a global decentralized currency sailing uncharted waters. We can hope for calmer seas but should expect some storms now and then.
Your points are very excellent Sir, but Sir, do you think people might abandon mining of BTC in the future after multiple halving due to high cost of mining ⛏️ and perhaps prefer buying BTC to mining it especially when the PoW reward is not worth energy and cost of mining ⛏️ on the long run?
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Ryu_Ar1
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July 28, 2024, 09:34:13 PM |
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The Future End of BTC Rising and Falling?
It will still happen because after all it is one of the characteristics of bitcoin because indeed bitcoin fluctuations will continue to occur considering this is one of its uniqueness. So this will not stop and I don't think we think about the word if because after all bitcoin will still work according to the conditions that have been set before, especially when talking about halving which can indeed be said to be one of the agendas in the original plan from bitcoin. So that in the end the increase and decrease will clearly continue to occur and indeed it is a condition that is considered a balance because there can be no increase if there is no decrease especially that is what makes most like bitcoin because that is how bitcoin works even though the increase and decrease continue to occur but in the end the progress remains a good thing.
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Value.Virtue (OP)
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July 28, 2024, 10:01:30 PM |
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I think I'm the only person that don't really want the whole to adopt Bitcoin. I want it to be something entirely special on its own. I feel that if the whole world adopts Bitcoin, the government will then have full interest in it, and would like to have majority of control and even change the system from what it's currently is, they will change it in a way that will be suitable for them, and i wouldn't like such. So far we have seen how they are penetrating the crypto community, and I just don't like it.
The government may control it indirectly from their regulations and speech Sir but having access to the system and controlling how Bitcoin works to suit them I don't think it might be easy in my own opinion since it's decentralized and one has to be on the system or network and also active except they group themselves together and gain 51% or over of the entire network.
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nelson4lov
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July 28, 2024, 10:13:42 PM |
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Bitcoin has always had volatility and the fact that it is now regarded officially as a commodity innwall street means that the price will always be in one of the two possible directions — up or down. So that's something that's not going to change. what might change however, is the volatility. We might see less and less volatility as the price reaches certain price levels and more people / nations get aboard our bandwagon. The speculation won't stopping especially now that more institutions, countries and big players want a piece of the Bitcoin pie.
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FatFork
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July 28, 2024, 10:17:22 PM |
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I wish we could all snap our fingers and create a perfect Bitcoin wonderland too. But that's not how the world works. Even if Bitcoin became more mainstream tomorrow, with perfect regulation and mass adoption new problems would pop up sooner or later. That rollercoaster ride of up and down prices is in Bitcoin's DNA I think. Maybe over decades it'll stabilize more if it survives and yet it will always be a bit volatile since speculation, reactions to news, and shifts in supply and demand impact any asset, especially a global decentralized currency sailing uncharted waters. We can hope for calmer seas but should expect some storms now and then.
Your points are very excellent Sir, but Sir, do you think people might abandon mining of BTC in the future after multiple halving due to high cost of mining ⛏️ and perhaps prefer buying BTC to mining it especially when the PoW reward is not worth energy and cost of mining ⛏️ on the long run? Well, who knows what'll happen with Bitcoin mining costs in the future. we can't really predict that. Things like new hardware, electricity rates, and the whole economy can really change how profitable it is. It's true that halving events reduce the block reward, but then the coin's price usually goes up to balance things out for them. I'd bet miners will keep at it as long as theyre making some profit . But costs could get too high someday if power and equipment prices jump a lot higher than Bitcoin's value.
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mirakal
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July 28, 2024, 10:37:49 PM |
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I wish we could all snap our fingers and create a perfect Bitcoin wonderland too. But that's not how the world works. Even if Bitcoin became more mainstream tomorrow, with perfect regulation and mass adoption new problems would pop up sooner or later. That rollercoaster ride of up and down prices is in Bitcoin's DNA I think. Maybe over decades it'll stabilize more if it survives and yet it will always be a bit volatile since speculation, reactions to news, and shifts in supply and demand impact any asset, especially a global decentralized currency sailing uncharted waters. We can hope for calmer seas but should expect some storms now and then.
For now, let’s just settle with some flaws of bitcoin. However, with all these imperfections, if we are only aware on how to handle this calmly, we won’t get into getting trouble with bitcoin, but would still end up profitable at the end of the day. Sooner or later, when there are no longer contradicting institutions on bitcoin and everything will go smooth sailing, and bitcoin will become a global currency or a reserved one, at least we will be able to see bitcoin in a calmer and more peaceful bitcoin journey, patience is the key.
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Value.Virtue (OP)
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July 28, 2024, 10:38:47 PM |
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I wish we could all snap our fingers and create a perfect Bitcoin wonderland too. But that's not how the world works. Even if Bitcoin became more mainstream tomorrow, with perfect regulation and mass adoption new problems would pop up sooner or later. That rollercoaster ride of up and down prices is in Bitcoin's DNA I think. Maybe over decades it'll stabilize more if it survives and yet it will always be a bit volatile since speculation, reactions to news, and shifts in supply and demand impact any asset, especially a global decentralized currency sailing uncharted waters. We can hope for calmer seas but should expect some storms now and then.
Your points are very excellent Sir, but Sir, do you think people might abandon mining of BTC in the future after multiple halving due to high cost of mining ⛏️ and perhaps prefer buying BTC to mining it especially when the PoW reward is not worth energy and cost of mining ⛏️ on the long run? Well, who knows what'll happen with Bitcoin mining costs in the future. we can't really predict that. Things like new hardware, electricity rates, and the whole economy can really change how profitable it is. It's true that halving events reduce the block reward, but then the coin's price usually goes up to balance things out for them. I'd bet miners will keep at it as long as theyre making some profit . But costs could get too high someday if power and equipment prices jump a lot higher than Bitcoin's value. Thank you very much Sir for your great thoughts which I found spicy and juicy towards BTC future state regarding it's high volatility and multiple halving occurrence in relation to block rewards.
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serjent05
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July 28, 2024, 10:51:32 PM |
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Bitcoin is known for now, as a crypto currency that can rise and fall at any time due to lots of constraints and attacks (news) but I strongly believe in my own opinion or thoughts that BTC falling after it's rising could stop in the future after multiple halving if the first and any other or all statements below holds. 1. If Bitcoin is globally accepted by the masses, governments, and other sectors to be allowed for all kinds of transactions. 2. If there exists no longer any oppositional speech or attack from the influential men, regulatory bodies of any kind or web3 products. 3. If there is no longer any Bitcoin halving.
I do not think that these three will be the factor to end BTC's volatility. The rise and fall of BTC market price is dictated by supply and demand. I believe that Bitcoin will continuously rise and fall as long as the ratio of demand and supply keeps on changing. For me, as long as Bitcoin has not been replaced by more sophisticated and advanced financial technology, its demand will keep on existing. Miners as long as mining Bitcoin is profitable will continue to mine blocks full of transactions as a reward. If there is no profit to be made on mining, it is obvious that most of these miners will stop pointing their hashes to the Bitcoin network. The price of BTC will continue to fluctuate because there are always people who will cash out to take their profit.
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tabas
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July 28, 2024, 11:27:16 PM |
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The Future End of BTC Rising and Falling?
Bitcoin is known for now, as a crypto currency that can rise and fall at any time due to lots of constraints and attacks (news) but I strongly believe in my own opinion or thoughts that BTC falling after it's rising could stop in the future after multiple halving if the first and any other or all statements below holds.
Bitcoin is known to be volatile even a long time ago, it is not just now that it can rise and fall. Despite that, this is one of the reasons why many are investing in it, for being natural with its volatility. And no, its future won't stop because of this nature. 1. If Bitcoin is globally accepted by the masses, governments, and other sectors to be allowed for all kinds of transactions. 2. If there exists no longer any oppositional speech or attack from the influential men, regulatory bodies of any kind or web3 products. 3. If there is no longer any Bitcoin halving.
What's wrong with Bitcoin halving? I think that you need to do more research on why it is also an important factor in why the price and value of it are getting bigger over time. And as for the news, you don't classify it as something that will stop Bitcoin's future together with the government's intervention.
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Value.Virtue (OP)
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July 28, 2024, 11:42:52 PM |
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I wish we could all snap our fingers and create a perfect Bitcoin wonderland too. But that's not how the world works. Even if Bitcoin became more mainstream tomorrow, with perfect regulation and mass adoption new problems would pop up sooner or later. That rollercoaster ride of up and down prices is in Bitcoin's DNA I think. Maybe over decades it'll stabilize more if it survives and yet it will always be a bit volatile since speculation, reactions to news, and shifts in supply and demand impact any asset, especially a global decentralized currency sailing uncharted waters. We can hope for calmer seas but should expect some storms now and then.
For now, let’s just settle with some flaws of bitcoin. However, with all these imperfections, if we are only aware on how to handle this calmly, we won’t get into getting trouble with bitcoin, but would still end up profitable at the end of the day. Sooner or later, when there are no longer contradicting institutions on bitcoin and everything will go smooth sailing, and bitcoin will become a global currency or a reserved one, at least we will be able to see bitcoin in a calmer and more peaceful bitcoin journey, patience is the key. patience is key like you said Sir, as you had pointed, BTC has some flaws, the trilima problem which if any tech solves it will drastically shift attention, we believe that there is always something better and I also believe same, so let's watch patiently.
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fuguebtc
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July 29, 2024, 03:51:18 AM |
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1. If Bitcoin is globally accepted by the masses, governments, and other sectors to be allowed for all kinds of transactions. 2. If there exists no longer any oppositional speech or attack from the influential men, regulatory bodies of any kind or web3 products. 3. If there is no longer any Bitcoin halving.
Even if Bitcoin is globally accepted by everyone, including the government, like you said, it cannot make the price of Bitcoin stable because Bitcoin is not like a stable fiat currency. There will always be hate speech and unrealistic action by some non-Bitcoiners, as long as they don't like Bitcoin. Believe me, not everyone must like Bitcoin. I don't also think that the government will allow Bitcoin to take over the fiat currency for every transaction. Trump once said that he hates Bitcoin because it's competing against the dollar. Bitcoin cannot become as stable as fiat, but it is inevitable that bitcoin will gradually become more stable and less volatile. Many years ago, bitcoin's volatility was huge and it even brought returns of thousands and millions of percent, but in recent years, that volatility is gradually shrinking. As bitcoin's capitalization becomes larger and larger, it means its volatility will gradually become smaller, I believe that at some point it will be as stable as gold. Even gold and real estate, recognized assets that have existed for thousands of years, still have people who hate them and bitcoin is no exception. In a latest statement, he revised that bitcoin is not competitive and will not harm USD. The current administration is hurting the USD ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) . But bitcoin taking over fiat is impossible, that scenario will never happen.
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Faisal2202
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July 29, 2024, 04:13:10 AM |
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I wish we could all snap our fingers and create a perfect Bitcoin wonderland too. But that's not how the world works. Even if Bitcoin became more mainstream tomorrow, with perfect regulation and mass adoption new problems would pop up sooner or later. That rollercoaster ride of up and down prices is in Bitcoin's DNA I think. Maybe over decades it'll stabilize more if it survives and yet it will always be a bit volatile since speculation, reactions to news, and shifts in supply and demand impact any asset, especially a global decentralized currency sailing uncharted waters. We can hope for calmer seas but should expect some storms now and then.
Wide adoption means more money into the market and more money means more trading volume thus more volatility. I think when more people are trading BTC they will be doing speculation on different levels. Which means some will hold, some will sell, some will buy, etc. The difference between demand and supply will be bigger if more people are trading in crypto. Although currently People (individuals hold most of the BTC). And remaining amount is around 1,222,318.8 Which means this amount will not be bought by one or more companies like Grayscale etc. However, some parts of it will be purchased by individuals from all over the world. This indicates that it will not be centralized ever until it's not forced to run on PoS consensus if it's possible now to shift! Overall I think we are safe even after the halving.
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